gk capsule for sbi exam

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www.bankersadda.com | www.careerpower.in | www.careeradda.co.in GK CAPSULE FOR SBI PO 2014 Exam Current RBI Policy & Reserve Rates: Repo Rate 8% (Unchanged) Reverse Repo 7% (Unchanged) CRR 4% (Unchanged) SLR 23% (Unchanged) MSF 9% (Unchanged) Bank Rate 9% (Unchanged) Note: As on 1 April 2014, RBI (Reserve Bank of India) in its first bimonthly monetary policy statement kept the key policy rate (repo) unchanged. About Policy Rates 1. Basis points: It is the increase in interest rates in percentage terms. For instance, if the interest rate increases by 50 basis points (bsp), then it means that interest rate has been increase by 50%. One percentage point is broken down into 100 basis points. Therefore, an increase from 2% to 3% is an increase of one percentage point or 100 basis points. 2. CRR: Cash reserve Ratio (CRR) is the amount of funds that the banks have to keep with RBI. If RBI decides to increase the percent of this, the available amount with the banks comes down. RBI is using this method (increase of CRR rate), to drain out the excessive money from the banks. The current rate is 4%, which means for a cash deposit of Rs. 100, the bank has to park 4 rupee with the central bank. 3. Repo rate: Repo rate is the policy rate and is part of RBI’s Liquidity Adjustment Facility (LAF). It is the rate at which commercial banks borrow from the RBI by selling their securities or financial assets to the RBI for a short‐period of time. It comes with an agreement that the sold securities will be repurchased by the commercial banks from the RBI at a future date at predetermined price. The repo rate is used by the central bank to increase liquidity in the system. 4. Reverse repo rate: Reverse Repo Rate is also a part of LAF. It is the rate of interest at which the central bank borrows funds from other banks for a short duration. The banks deposit their short term excess funds with the central bank and earn interest on it. This rate is used by the central bank to absorb liquidity from the economy. Generally it is one percentage less than the Repo rate. 5. Bank rate: The only way the bank rate is different from the repo rate is that the bank rate is the rate at which banks borrow money from the central bank without any sale of securities. It is generally for a longer period of time 6. Marginal Standing Facility: The Reserve Bank of India in its monetary policy for 2011‐12 introduced the marginal standing facility under which banks could borrow funds from RBI when there is a considerable shortfall of liquidity. This measure has been introduced by RBI to regulate short‐term asset liability mismatches more effectively. Under this facility, banks can borrow up to 1% of their net demand. This GK Capsule has been prepared by Career Power Institute Delhi (Formerly Known as Bank Power). This document consists of all important news and events of last few months which can come in SBI PO Exam.

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GKCAPSULEFORSBIPO2014Exam

CurrentRBIPolicy&ReserveRates:

RepoRate 8%(Unchanged)

ReverseRepo 7%(Unchanged)

CRR 4%(Unchanged)SLR 23% (Unchanged)MSF 9%(Unchanged)BankRate 9%(Unchanged)

Note:Ason1April2014,RBI(ReserveBankofIndia)initsfirstbimonthlymonetarypolicystatementkeptthekeypolicyrate(repo)unchanged.

AboutPolicyRates

1. Basispoints:Itistheincreaseininterestratesinpercentageterms.Forinstance,iftheinterestrateincreasesby50basispoints(bsp), thenitmeansthatinterestratehasbeenincreaseby50%.Onepercentagepointisbrokendowninto100basispoints.Therefore,anincreasefrom2%to3%isanincreaseofonepercentagepointor100basispoints.

2. CRR:CashreserveRatio(CRR)istheamountoffundsthatthebankshavetokeepwithRBI.IfRBIdecidestoincreasethepercentofthis,theavailableamountwiththebankscomesdown.RBIisusingthismethod(increaseofCRRrate),todrainouttheexcessivemoneyfromthebanks.Thecurrentrateis4%,whichmeansforacashdepositofRs.100,thebankhastopark4rupeewiththecentralbank.

3. Reporate:ReporateisthepolicyrateandispartofRBI’sLiquidityAdjustmentFacility(LAF).ItistherateatwhichcommercialbanksborrowfromtheRBIbysellingtheirsecuritiesorfinancialassetstotheRBIforashort‐periodoftime.ItcomeswithanagreementthatthesoldsecuritieswillberepurchasedbythecommercialbanksfromtheRBIatafuturedateatpredeterminedprice.Thereporateisusedbythecentralbanktoincreaseliquidityinthesystem.

4. Reversereporate:ReverseRepoRateisalsoapartofLAF.Itistherateofinterestatwhichthecentralbankborrowsfundsfromotherbanksforashortduration.Thebanksdeposittheirshorttermexcessfundswiththecentralbankandearninterestonit.Thisrateisusedbythecentralbanktoabsorbliquidityfromtheeconomy.GenerallyitisonepercentagelessthantheReporate.

5. Bankrate:Theonlywaythebankrateisdifferentfromthereporateisthatthebankrateistherateatwhichbanksborrowmoneyfromthecentralbankwithoutanysaleofsecurities.Itisgenerallyforalongerperiodoftime

6. MarginalStandingFacility:TheReserveBankofIndiainitsmonetarypolicyfor2011‐12introducedthemarginalstandingfacilityunderwhichbankscouldborrowfundsfromRBIwhenthereisaconsiderableshortfallofliquidity.ThismeasurehasbeenintroducedbyRBItoregulateshort‐termassetliabilitymismatchesmoreeffectively.Underthisfacility,bankscanborrowupto1%oftheirnetdemand.

ThisGKCapsulehasbeenpreparedbyCareerPowerInstituteDelhi(FormerlyKnownasBankPower).ThisdocumentconsistsofallimportantnewsandeventsoflastfewmonthswhichcancomeinSBIPOExam.

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7. LiquidityAdjustmentFacility:Underthisfacility,banksborrowfromthecentralbankbypledginggovernmentsecurities.8. StatutoryLiquidityRatio:Thisisthepercentageofdepositsthatbanksmustmandatorilyholdintheformofgovernment

bonds.SLRbondsareliquidassetsthatcanbesoldatashortnoticetomeetanyunexpecteddemandfromdepositors.

NewsrelatedtoRBI:

1. RBI,hasdecidedthatIndiancompanieswillnotbepermittedto

raiseExternalCommercialBorrowingsfromoverseasbranchesorsubsidiariesofIndianbanksforrefinanceorrepaymentoftheRupeeloansraisedfromdomesticbankingsystem.

2. RaghuramRajan,theGovernoroftheReserveBankofIndia(RBI)announcedthatplasticcurrencynoteswillbelaunchedin2015afterfieldtrials.

3. RBIpanelheadedbyex‐ChairmanofAxisBank,P.J.Nayakrecommendfordilutinggovtstakeinpublicsectorbankstobelow50%.Thegovernmentshouldcutitsholdinginpublicsectorbankstounder50percent,aReserveBankofIndia(RBI)panelreportonTuesdaysaid,criticisingthewayinwhichthelendersarenowbeinggoverned.

4. ReserveBankofIndiagrantedbankinglicencestoinfrastructurefinancingfirmIDFCandmicrofinanceinstitutionBandhanfromamong25applicantsthatincludedcorporateheavyweightsADAGGroup,AdityaBirlaGroupandBajajGroup.Note:Thein‐principleapprovalgranted(tothetwoentities)willbevalidforaperiodof18monthsduringwhichtheapplicantshavetocomplywiththerequirementsundertheguidelinesandfulfiltheotherconditionsasmaybestipulatedbytheRBI.ChandraShekharGhosh:CMDofBandhanfinancialservicesDr.RajivB.Lall:ChairmanofIDFC–InfrastructureFinanceCompany.

5. ReserveBankofIndia(RBI)issuedtheguidelinestoallowtheminorsofageabove10yearstoindependentlyopenandoperatesavingsbankaccountsanduseotherfacilitieslikeATMandchequebooks.

6. RBIextendedthetimelineforfullimplementationofBaselIIInorms31March2019insteadof31March2018.

7. RBIinconsultationwithUnionGovernmenton1April2014cappedtheWaysandMeansAdvances(WMA)limitsforthefirsthalfofthenewfinancialyear2014‐15(April2014‐Sep2014)at35000crorerupees.Note:TheinterestrateonWMA/overdraftwillbebasedon:a)WMA:RepoRate.b)Overdraft:TwopercentabovetheRepoRate

8. RBIextendsdateofexchangingpre‐2005notestoJan1,2015Note:TheReserveBankhasfurtherclarifiedthatthepubliccancontinuetofreelyusethesenotesforanytransaction.RBIhassaidthatpeoplecanunhesitatinglyreceivethesenotesinpayment,asallsuchnotescontinuetoremainlegaltender.

9. ReserveBankofIndia(RBI)hikedthetraderelatedremittancelimitfrom2lakhrupeesto5lakhrupeespertransactionwithimmediateeffect.Italsoincreasedthenumberoftransactionhandledbyexchangehouses.

10. KCChakrabarty,DeputyGovernor,ReserveBankofIndia,hasquitthreemonthsaheadofcompletionofhisterm.11. RBIpegged2014‐15GDPgrowthatacentralestimateof5.5percent.12. Economicgrowthfor2014‐15expectedat5.5pc.13. CADexpectedtocomedownto2pcofGDPin2014‐15.14. Retailinflationexpectedtobeunder6pcin2014.15. RBIpanelheadedbyRBIDeputyGovernorAnandSinhahasrecommendedbringingabenchmarkfloatinginterestrate,

especiallyforhomeloans.PanelalsosuggestedIndianBanksBaseRate(IBBR).16. ThedeadlineforswitchingtonewformatbankchequesundertheChequeTruncationSystem(CTS)endedon30April2014.17. RBIscraps26%caponinterestrateforMFIs:(RBI)removed26percentcapontheinterestratethatcanbechargedbya

microfinancecompanytoitsborrowers.MFIisallowedtochargeinterestrateequalto2.75timestheaverageofthebaseratesofthetopfivecommercialbanks.

18. RBIpermits4non‐bankentitiestosetupwhitelabelATMs:TheReserveBankhasissued‘certificateofauthorisation’tofournon‐bankentities:

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(1)TataCommunicationsPaymentSolutions(2)MuthootFinance,(3)PrizmPaymentServicesand(4)VakrangeeLtd.,tosetupWhiteLabelATMs(WLAs)inthecountry.Note:MostoftheATMsbelongtobanks,butthecashdispensingmachineswhichareownedandoperatedbynon‐bankingcompaniesarecalledWhiteLabelATMs.

19. RBIpermitsSreitorolloutwhitelabelATMs:SreiInfrastructureFinanceisplanningtostartroll‐outofitswhilelabelATMs(WLAs)betweenJulyandSeptemberstartingwithapilotof200Tier‐IIItownsinUttarPradeshandBihar.

20. TheexpertcommitteeheadedbyUrjitR.Patel,DeputyGovernoroftheReserveBankofIndiaexaminethecurrentmonetarypolicyframeworkoftheReserveBankofIndia(RBI)hassuggestedthattheapexbankshouldadoptthenewCPI(consumerpriceindex)asthemeasureofthenominalanchorforpolicycommunication.Thenominalanchororthetargetforinflationshouldbesetat4percentwithabandof+/‐2percentaroundit.

21. Ex-Chairman of Axis Bank, P. J. Nayak is theheadoftheexpertpaneltoreviewbankboards’governance.ThepanelwillreviewtheRBI'sregulatoryguidelinesonownershipofbanksandrepresentationintheirboards,amongotherthings.

22. TheReserveBankofIndiahasraisedtheForeignInstitutionalInvestors,FIIsinvestmentlimitinthePowerGridCorporationto30percentofitspaidupcapital,underthePortfolioInvestmentScheme.

23. TheReserveBankofIndia(RBI)hasdoubledthesub‐limitforforeigninvestmentingovernmentsecurities,toUSD10billionbylong‐terminvestors.RBI'smoveisaimedtoattractmoreforeignfunds.Investorslikesovereignwealthfunds(SWFs),multilateralagencies,insurancefunds,pensionfundsandforeigncentralbanksareconsideredaslongterminvestors.

24. RBIrelaxesgoldloannorms:TheReserveBankofIndiahasallowedNon‐BankingFinancialCompanies,NBFCstolendupto75percentofthevalueofgold.Itwas60percentearlier.

25. RBIpanel(headedbybankerNachiketMor)hassuggestedsettingupofspecialisedbankstocatertolowincomehouseholdstoensurethatallcitizenshavebankaccountsby2016.

26. TheRBI‐appointedcommitteeonfinancialinclusionhasrecommendedthatthecentralbankshouldsetupspecialisedbankscalledPaymentsBanktoprovidepaymentservicesanddepositproductstosmallbusinessesandlow‐incomehouseholds.Thecommittee,headedbyNachiketMor,saidthatsincethenewbankwillbedealingwithpoorcustomers,suchabankmustbeallowedtoacceptamaximumdepositofnotmorethanRs50,000.

27. TheReserveBankofIndia(RBI)hadsetupapanelunderexecutivedirectorDeepakMohantytoreviewthecurrentsystemofdatacollection,disseminationanddatamanagementprocessesinthecentralbankandimprovetheexistingmechanism.

28. RBItightensnormsforcreditcardholders:RBIadvisedbankstotreatacreditcardaccountasanon‐performingassetifthecustomerfailstopaytheminimumdueamountwithinastipulated90‐dayperiod.

HighlightsofInterimBudget2014:FinanceministerPChidambarampresentedhisinterimbudgetfor2014.

Fiscaldeficitforcurrentfiscaltobe4.6% Revenuedeficitestimatedat3%forcurrentfiscal ExcisedutyonSUVscutfrom30to24%,inlargeandmid‐segmentcarsfrom27‐24%to24‐20% Nochangesintaxlawsininterimbudget Excisedutycutfrom12to10percentincapitalgoodssectortostimulategrowth Excisedutyonmobilehandsettobe6%onCENVATcredittoencouragedomesticproduction Rs500croreestimatedrequirementforimplementingone‐rank‐one‐payschemeforarmedforcesin2014‐15 Rs6000croretoruralhousingfund,Rs2000croreforurbanhousingfund Rs3711croreforminorityaffairs;housingandurbanpovertyalleviationgetsRs6000crore Fiscaldeficittargetof3%tobeachievedby2017 CADwillbe$45billionin2013‐14 Foreignexchangereservesupby$15billion Foodgrainproductionestimatedat263milliontonsin2013‐14 3moreindustrialcorridors—Chennai‐Bangalore,Bangalore‐Mumbai,Amritsar‐Kolkata—undervariousstagesof

implementation GDPgrowthrateinQ3andQ4of2013‐14willbeatleast5.2%

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FDILimitsSrno. ListofLimitsinVariousSectors(In%)1. Defence 262. Pension 493. Insurance 494. PrintMedia 265. CivilAviation 496. PublicSec.Banks 207. PrivateSec.Banks 748. MultiBrand 519. SingleBrand 10010. Tourism 100

IndiaGDPForecast: RBIpegged2014‐15GDPgrowthatacentralestimateof5.5% WorldBanklowersIndia’sGDPgrowthforecastfor2014‐15at5.7% ADBpegsIndiaGDPgrowthratefor2014‐15at5.5% IMFprojectedGDPgrowthforIndiain2014‐15at‐5.4%IndiarankingindifferentIndexesfor2013‐14:1. GlobalEnvironmentPerformanceIndex2014–1552. Intellectualproperty(IP)environment2014–25(USrankedonthetopfollowedbyUKandFrance)3. WorldPressFreedomIndex2014‐140inthelistof180countriess4. Nuclearmaterialsecurityindex2014‐23rdoutof25countries5. World'sbestcountriesfordoingbusiness2014‐98th(Irelandtoppedthelist).

6. SocialProgressIndex2014:102outof1327. GlobalHungerIndex2013‐638. WorldProsperityIndex2013–106.Norwaytopsthelist.9. GlobalGenderGapReport2013‐101.Icelandtopsthelist.10. GlobalPeaceIndex2013–14111. HumanDevelopmentReport2013–13612. GlobalCorruptionIndex2013–9413. GlobalCompetitivenessIndex2013‐60for2013(Switzerlandtopinthisreport)14. GenderInequalityIndex2013‐132nd(UNHumanDevelopment(Index)Report)

SomeImportantEconomicTerms:

1. Bond:Acertificateofdebt(usuallyinterest‐bearingordiscounted)thatisissuedbyagovernmentorcorporationinordertoraisemoney;thebondissuerisrequiredtopayafixedsumannuallyuntilmaturityandthenafixedsumtorepaytheprincipal.

2. Balancesheet:Recordofthefinancialsituationofaninstitutiononaparticulardatebylistingitsassetsandtheclaimsagainstthoseassets.

3. Balanceoftrade‐Thepartofanation'sbalanceofpaymentsthatdealswithmerchandise(orvisible)importsorexports.4. Closedeconomy:Aclosedeconomyisoneinwhichtherearenoforeigntradetransactionsoranyotherformofeconomic

contactswiththerestoftheworld.5. Deflation:Deflationisthecontinuousdecreaseinpricesofgoodsandservices.Deflationoccurswhentheinflationratebecomes

negative(belowzero)andstaysthereforalongerperiod.6. Debenture:Debentureisaloanissuedbyafirm,involvinggafixedrepaymentschedule,intermsofbothtimeandinterest.7. Debit:Moneypaidoutfromanaccounteitherfromawithdrawaloratransactionthatresultindecreasingthecashbalance.8. Equity:Equityisaonefinancialinstrumentbywhichcompanyinvitethepublictoinvesttheirmoneyinthecompanyand

investorcanbecomeapartnerofthecompany.Generally,whenthecompanyhaveinsufficientmoneytoexpanditsbusinessitcomeswithequityshares.

9. Economicgrowth‐Anincreaseinthetotaloutputofanationovertime.Economicgrowthisusuallymeasuredastheannualrateofincreaseinanation'srealGDP

10. ExciseTax‐Taxesimposedonspecificgoodsandservices,suchascigarettesandgasoline.11. Exports‐Goodsorservicesproducedinonenationbutsoldtobuyersinanothernation.

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12. Fiscalpolicy:Fiscalpolicydefinestheuseofgovernmentspendingandrevenuecollectiontoinfluencetheeconomy.13. ForeignDirectInvestment(FDI):Investmentofforeignassetsdirectlyintoadomesticcompany'sstructures,equipment,and

organizations.Itdoesnotincludeforeigninvestmentintothestockmarkets14. ForeignExchange(FOREX):ForeignExchange(FOREX)isthearenawhereanation'scurrencyisexchangedforthatof

another.15. GDP:GDPstandsforGrossDomesticProduct.Itisamethodofmeasuringthesizeofeconomyofacountry.Wecandefineasthe

totalmarketvalueofallthegoodsandservicesproducedinagivenperiodoftimeinacountry.16. GNP:Thetotalvalueinmoneyofallfinishedgoodandservicesproducedinaneconomyinonefullyear,andallnetproperty

incomefromabroad.TheGNPgrowthrateisanimportanteconomicindicatorforcountry’seconomicdevelopment.17. Imports:commodities(goodsorservices)boughtfromaforeigncountry.18. Inflation:InflationisasanincreaseinthepriceofbunchofGoodsandservicesthatprojectstheIndianeconomy.Anincreasein

inflationfiguresoccurswhenthereismoredemandandlesssupplyofthegoods.19. MutualFund:Thereareaccumulationandcollectionofmanydifferenttypesofshares.Itiswheninvestorstogetherwanttobuy

securitiesasagroup,thisfundcanbecalledamutualfund.Eachandeveryinvestorofthisgrouphasaproportionalstakeinthesharesbasedontheamounthehascontributed.

20. Monetarypolicy:Itistheprocessbywhichthecentralbank,ormonetaryauthorityofacountrycontrols(i)thesupplyofmoney,(ii)availabilityofmoney,and(iii)costofmoneyorrateofinterest.

21. Nationalincome‐TheamountofaggregateincomeearnedbysuppliersofresourcesemployedtoproduceGNP;netnationalproductplusgovernmentsubsidiesminusindirectbusinesstaxes.

22. PerCapitaIncome:Thetotalnationalincomedividedbythenumberofpeopleinthenation,Itmeanstheshareofeachindividualwhentheincomefromtheproductiveactivitiesisdividedequallyamongthecitizens.

23. Salestax‐Taxespaidonthegoodsandservicespeoplebuy.24. Stock‐Acertificatereflectingownershipofacorporation.25. Tax:Afeechargedbyagovernmentonaproduct,income,oractivity.Iftaxislevieddirectlyonpersonalorcorporateincome,

thenitisadirecttax.Iftaxisleviedonthepriceofagoodorservice,thenitiscalledanindirecttax.26. VAT:VATistheindirecttaxontheconsumptionofthegoods,paidbyitsoriginalproducersuponthechangeingoodsorupon

thetransferofthegoodstoitsultimateconsumers.Itisbasedonthevalueofthegoods,addedbythetransferor.Itisthetaxinrelationtothedifferenceofthevalueaddedbythetransferorandnotjustaprofit.Allovertheworld,VATispayableonthegoodsandservicesastheyformapartofnationalGDP.

27. WholesalePriceIndex(WPI):TheWholesalePriceIndex(WPI)takesintoaccountthewholesalepricesofidentifiedcommoditiesforcalculatingrateofinflation.

ImportantCommitteesinNews:

1. PJNayak:toreviewGovernanceofBoardsofBanksinIndia.ThecommitteewasconstitutedunderthechairmanshipofP.J.Nayak.HeisaformerChairmanandCEOofAxisBank.

2. MPBezbaruah:tosuggestsuitableremedialmeasurestoaddressconcernsregardingsecurityofpeoplefromNorthEast.3. B.Sambamurthy:panelfavourssinglemobilebankingapponallSIMs.Panelrecommendedthatcustomersshouldnotbe

requiredtovisitthebankbranchformobilenumberregistration.4. BCCIsuggeststhree‐mancommitteetoSCtoprobeIPLscandal.RaviShastri,formerCalcuttaHighCourtChiefJusticeJN

Patelandex‐CBIDirectorRKRaghavanasmembersoftheprobecommittee.5. VijayKelkarCommitteewasappointedbythePetroleumandNaturalGasMinistrytopreparearoadmaptomakeIndiaself‐

sufficientinoilandnaturalgasby2030.6. VishnuSahaycommittee:lookprobeintotheMuzaffarnagarcommunalviolence.7. UrjitPatelCommittee‐toexaminethecurrentmonetarypolicyframework8. MukulMudgalmemberpaneltoprobeIPLspot‐fixing9. NachiketMor‐committeeoncomprehensivefinancialservicesforsmallbusinessesandlow‐incomehouseholds.10. JusticeA.P.Shahcommittee:toheadpanelonroadsafety11. AnilKaushalcommittee:toexaminetherecommendationsmadebytheTRAIonpricingofSpectrum.12. BimalJalanpanel:toscrutinizeapplicationsfornewbanklicenses.13. ParthasarathiShome.–forTaxAdministrationReformCommission(TARC),Suggestasystemtoenforcebettertaxcompliance14. KiritParikhpanel:onfuelpricinghassuggestedthatthedieselpricesshouldbeincreasedbyRs1‐1.50alitreeverymonthas

againstthe45‐50paisemonthlyhikefollowedcurrently.

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15. KU.B.Rao:theideaofsettingupBullionBankorBullionCorporationofIndia16. CRangarajanPanel‐recommendedthepricingofnaturalgasbya

complexmethodologyofarrivingatanaverageofInternationalgashubprices.

17. ArvindMayaramPanel:reportontheallegedirregularitiesattheNationalSpotExchangeLtd(NSEL)

18. ArvindMayaramCommittee–forgivingcleardefinitionstoForeignDirectInvestment(FDI)andForeignInstitutionalInvestment(FII)

19. SumaVermaCommittee‐toupdate,andrevisetheBankingOmbudsmanScheme,2006

20. DamodranCommittee:onimprovementofcustomerservicesinbanks

21. ShriM.NarasimhamCommittee:onBankingSectorReforms22. ShriRaghuramRajanCommittee:onFinancialSectorReforms,23. ShriB.MahapatraCommittee:toreviewtheexistingprudential

guidelinesonrestructuringofadvancesbybanks/financialinstitutions

24. ShriAdityaPuriCommittee:DisseminationofCreditInformation25. ShriK.U.B.RaoCommittee:recommendedaligninggoldimport

regulations26. KMChandrasekharcommittee:forrationalizationofforeign

investmentnorms27. ShriPulakKumarSinhaCommittee:tostudythefeasibilityof

Aadhaarasanadditionalfactorforauthenticationofcardpresenttransactions

28. MukulMudgalCommittee:lookingintoUSgiantWalmart'slobbyingactivitiestoenterIndia

29. MBNRaoCommittee:topreparetheblueprintofIndia’sfirstwomen’sbank

30. JSMathurcommittee:toreviseNewspaperAdvertisementRates.31. K.RatnaPrabha:Committeeonindecentdepictionofwomenin

media

NewsRelatedtoBanking&Finance1. Indiarecentlylauncheditsownpaymentgateway'RuPay',equivalentofVisaandMastercard,whichwillworkonATMsand

merchantoutletsandhelpinreducingcashtransactions.Note:i.RuPay,whichworksonthreechannels‐‐ATMs,PointofSales(POS)andonlinesales,istheseventhsuchpaymentgatewayintheworld.ii.TheRuPayplatform‐‐developedbyNationalPaymentsCorporationofIndia(NPCI)‐‐isbeingusedbycertainbankslikeICICI,StateBankofIndia,PunjabNationalBank,amongothers,forclearingandsettlement.

2. Indiabecamethird‐largesteconomyin2011from10thin2005:WorldBank.3. Note:Indiaemergedastheworld’sthird‐largesteconomyin2011frombeingthe10thlargestin2005,movingaheadofJapan,

whiletheUSremainedthelargesteconomycloselyfollowedbyChina,latestfigureshaverevealed.4. GovtacceptsSahoopanelreportonreviewofdepositoryreceiptsscheme.Thekeyrecommendationsofthecommitteeinclude

allowingissuanceofdepositoryreceiptsagainstanyunderlyingsecurities—equityordebt,byanyissuer‐listedorunlisted.Note:Depositoryreceiptsarereceiptsdenominatedinforeigncurrencycreatedbyadepositoryinthecountryoflisting.Therearetwopopulartypesofdepositoryreceipts—globaldepositoryreceiptsandAmericandepositoryreceipts.

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5. INGVysyaLifeInsuranceCompanyLtdhasbecomeExideLifeInsuranceCompany.TheinsurancecompanywillcontinuetohonouritscommitmentsandobligationsundertheinsurancepoliciesissuedtocustomersinthenameofINGVysyaInsuranceCompanyLtd.

6. SwitzerlandandNorwayaretheworld'smostexpensiveeconomies,followedbyBermuda,AustraliaandDenmark,accordingtoanewrankingbytheWorldBank

7. SBIlaunches3Digitalbankingfacilitiesforitscustomers”i.TabBankingforSavingA/C‐OpeningSavingsa/catCustomer’sdoorstepusingtabletPCprovidedtotheBank’sSalesStaff(whovisittheCustomer’shome).ii.TABBankingforHomeLoan‐In‐principleapprovalforthehomeloanatcustomer’sdoorstepusingtabletPCprovidedtotheBank’sHomeLoanSalesTeamwhichwillcaptureonthetabletKYCdetailsanddetails.iii.e‐KYC‐Generatese‐KYC(KnowYourCustomer)identitydocument.

8. TheBombayStockExchange(BSE)launchedanInstitutionalTradingPlatform(ITP)tohelpSmallandMediumEnterprises(SMEs)andstart‐upcompaniestolistonthebourseswithoutanInitialPublicOffer(IPO).

9. BaselCommitteeissuedFinalstandardstocurbexposuresofbankstocustomers.TheBaselCommitteeonBankingSupervisionon15April2014issuedFinalstandardsformeasuringandcontrollinglargeexposuresofbankstocustomers.Thesestandardswilltakeeffectfrom1January2019

10. BankofIndia(BOI)hasbecomethefirstIndianbanktoextendabridgeloanof$200milliontoAirIndiatofinancethepurchaseoftwoBoeing787Dreamlineraircraft.

11. IndialeadsglobalremittanceswithUSD70bnin2013.India'sneighbourChinafollowssecondwithUSD60billion,saidtheWorldBankreport

12. WorldTradeOrganisation(WTO)projectedthattheworldtradewillgrowby4.7percentin2014.13. TheWorldBankgiveloanPakistan12billiondollarsoverthenextfive

yearstohelpliftitseconomy,14. QatarbasedDohaBankannouncedit’sFirstbranchinMumbai.The

branchinMumbaiwillbeopenedasafull‐fledgedbankinMay2014.Note:BankofBahrain&Kuwait,AbuDhabiBankarethetwootherbanksfromArabcountriestohaveoperationsinIndiabeforeDohabank.

15. BankofIndia(BOI)launchedInstantMoneyTransfer(IMT)schemeinMumbai.Note:IMTschemeallowscustomerstowithdrawcashwithoutusingeitherdebtcardorcreditcardatBoI'sIMT‐enabledATMs.Thisisthefirst‐of‐its‐kindinitiativelaunchedbyapublicsectorbank.

16. KotakMahindralaunchesaccountsintegratedwithFacebook,Twitter.17. ICICIPrudentialMutualFundhasbaggedMorningstarIndia’sbestfundhouseawardinthedebt,equityandmulti‐asset

category.18. ADBpegsIndiaGDPgrowthratefor2014‐15at5.5pc19. InflationbasedonWholesalePriceIndex(WPI)reacheda3‐monthhighof5.7%inMarch2014.20. WholesaleInflationfallsto9‐monthlowof4.68percentinFeb21. KotakMahindraBankannouncedthelaunchofJifi,afirst‐of‐its‐kindfullyintegratedsocialbankaccountthattranscendsnormal

digitalbankingbyseamlesslyincorporatingsocialnetworkingplatformslikeTwitterandFacebookwithmainstreambanking.22. Export‐ImportBankofIndiaextendedaLineofCreditof$89.90milliontotheGovernmentofRepublicofCongo,for

developmentoftransportationsystemintheRepublicofCongo.23. CentralBankofIndiahassolditsentirestakeincreditinformationproviderCIBILtoTransunionInternationalInc.CentralBank

hada5percentstakeinCIBILwhileTransunionisthemajorityshareholderinCIBILat27.5percent.24. CanaraBanknamescricketerShikharDhawanasitsbrandambassador.25. HousingDevelopmentFinanceCorporation(HDFC)BanksetWorldrecordforBloodcollectioninasingleday.Theblood

donationcamporganisedbyHDFCBankon6December2013wasrecordedintheGuinnessBookofRecords.26. TheWorldBankhassaiditwouldprovideupto$3billioninaidforUkrainein2014tohelpthecountrydelivermuch‐needed

economicreforms.27. MaxLifeInsurancehastiedupwithToyotaFinancialServicesIndiaLtdtoprovideinsurancecovertocarloancustomers.28. Biharemergesasfastestgrowingstate(15.05percent)in2012‐13:CSOReport.

Note:AccordingtotheCSOdata,Gujaratranked6thwithgrowthrateat7.96percent,behindBiharandMadhyaPradeshwith9.89percent,Goa8.47percent,Kerala8.24percentandOdisha8.09percent.Theall‐Indiagrowthratein2012‐13was4.47percent.

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29. IndianBankhasbaggednationalawardforexcellenceinlendingtomicroenterprisesfor2012‐2013,fortheconsecutivesecondyear.

30. CorporationBankhasbaggedtheawardsforlendingtoMSE(microandsmallenterprises)andtomicroenterprisesfromtheUnionMinistryofMicro,SmallandMediumEnterprises(MSME)for2012‐13.

31. TheBankofBahrainandKuwait,BBK,planstoexpanditsoperationsinIndiabyopeningitsfourthbranchinthecountryinNewDelhi.

32. InterestrateonPostOfficeFDsincreasedbyupto0.2percentfrom8.2percentto8.4percent.33. India’s1stpostofficesavingsbankATMinauguratedinThyagarayaNagar,Chennai.34. SEBIapprovedthenewCorporateGovernancenorms.Thenewcorporategovernancenormswouldbecomeapplicableforall

listedcompanieswitheffectfrom1October2014.35. Wholesaleinflationeasedtoaseven‐monthlowof5.05percentinJanuary,ondeclineintherateofpriceriseinfoodarticles,

mainlyvegetables.36. RetirementfundbodyEPFOdecidedtoincreasetherateofinterestonProvidentFunddepositsto8.75percentfrom8.5

percent.37. TheNationalBankforAgricultureandRuralDevelopmenthassanctionedRs348.63croretoKarnatakaunderRural

InfrastructureDevelopmentFund(RIDF).38. AsianDevelopmentBank(ADB)hasprovided$400millionfirsttranchelineofcredittoIndiaInfrastructureFinanceCompany

Ltd(IIFCL)tohelpaccelerateinfrastructuregrowththroughincreasedprivatesectorinvestment.39. AsianDevelopmentBankwillprovideUSD275millionloanforimprovingruralroadconnectivityinfivestatesincluding

Assam,Chhattisgarh,MadhyaPradesh,OdishaandWestBengalinthecountry.40. BharatiyaMahilaBank(BMB)andSBICardshavejoinedhandsforroll‐outofcreditcardstocustomersofIndia’sfirstwomen‐

focusedcommercialbank41. BharatiyaMahilaBank(BMB),thefirstall‐womenbank,tiedwithNewIndiaAssurancetolaunchhealthinsuranceproductsfor

womenaccountholdersofthebank.42. TheBankofJapan(BOJ)andRBIconcludedanagreementthatexpandsthemaximumamountofthebilateralswaparrangement

(BSA)betweenthetwocountriestoUSD50billion.Note:BOJGovernorisHaruhikoKurodaandRBIGovernorRaghuramRajan

43. NationalBankforAgricultureandRuralDevelopment(NABARD)hasreducedrefinancerateforbanksandotherlendingagenciesby0.20percenttopromoteruralcreditandruralinfrastructure.Note:Therevisedrateofinterestonrefinanceforaperiodoffiveyearsforcommercial,statecooperative,regionalruralandprimaryurbancooperativebankswillbe9.70percent,downfrom9.90percent.

44. SEBIgrantsnewstatustothreeclearingcorporationstoNationalSecuritiesClearingCorporation,IndianClearingCorporationandMCX‐SXClearingCorporation.

45. IMFprojected5.4percenteconomicgrowthforIndiain2014‐1546. WB(WorldBank)projectedeconomicgrowthrateof5.7%forIndiain2014‐15fiscal47. WorldBankwillprovide$250millionloantoconstructdisasterresilienthousesandroadsindisaster‐hitUttarakhand.48. WorldBankwillprovide$500millionloanforwatersupplyandsanitationprojectsintheruralareasofAssam,Bihar,

JharkhandandUttarPradesh.49. WorldBankwillprovide50milliondollarassistancetoAfghanistantosupportthegovernment'seffortstoimproveaccessto

creditformicro,smallandmediumenterprises.50. LIChasre‐launchedits“JeevanAnand”plan,aparticipatingnon‐linkedplanwhichoffersanattractivecombinationof

protectionandsavings.51. Govtlaunchesinflationindexedsavingbondswhichofferprotectiontoretailinvestorsfrompricerise.Theminimumlimitfor

investmentisRs5,000andthemaximumisRs5lakhperapplicantperannum.InterestratewouldbelinkedtoConsumerPriceIndex(CPI).

52. Theworld’sfirstBitcoinstorageservicethatinsuresdepositsofthedigitalcurrencyagainsthackersandaccidentallosshasopenedinLondon.

53. EconomicgrowthinIndiaprojectedat5.35%in2014,saysUNreport54. UNprojectedtheglobaleconomytogrowatapaceof3percentin2014and3.3percentin2015.55. IndianOverseasBanklaunched‘ConnectCard’,anewATMcumDebitcardinassociationwithVISAthatcanbeusedfore‐

commerceacrossfivelakhmerchantoutlets.56. TheCompetitionCommissionofIndia(CCI)approvedAmericanretailgiantWalmartStoresInc'sproposaltoacquireBharti

Group'snearly50percentstakeintheirIndianwholesalestoresjointventure.

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57. TheNationalBankforAgricultureandRuralDevelopment(NABARD)projectedacreditpotentialofRs12726.83croreinthestatefocuspaper(SFP)fortheyear2014‐15inUttarakhandundertheprioritysector.

ImportantNews(India&World):1. BharatiyaJanataPartywins282seatsastheNDAbags334inGeneralElections2014.TheBJPledNDAissettoformthenew

GovernmentattheCentrewithamassivewinintheLokSabhaelections.Thesaffronpartyhassecuredanabsolutemajorityonitsownbywinning282seats.

2. BJPwins71seatsinUP.InUttarPradeshresultsofall80constituencieshavebeendeclared.BharatiyaJanataPartyhas71seats.RulingSamajwadiPartyhaswon5seatsandtwo‐seatseachhasbeenwonbytheCongressandtheBJPallyApanaDal.

3. Indiawillbecometheworld’sthirdlargestoilconsumerby2025accordingtotheUSEnergyInformationAdministration(EIA).TheUSEnergyInformationAdministration(EIA)releaseditsannualEnergyOutlookon7May2014.Atpresent,IndiaisthefourthlargestoilconsumerintheworldbehindtheUS,ChinaandJapan.

4. Actor‐filmmakerKamalHaasanledtheIndiandelegationatthe67thCannesInternationalFilmFestivalinauguratedinCannes,Franceon14May2014.

5. TheUnitedNationsandtheInternationalOlympicCommitteehassignedahistoricagreementtousethepowerofsportstopromotepeaceandeconomicdevelopment.Note:IOCPresident:ThomasBach

6. EuropeanUnionbansIndianAlphonsomangoes,veggiesfromMay1.The28‐memberEuropeanUnionhastemporarilybannedtheimportofAlphonsomangoes,thekingoffruits,andfourvegetablesfromIndiafromMay1,sparkingprotestsfromtheIndiancommunity,lawmakersandtraders.Note:Therecentdecisionbythegrouping'sStandingCommitteeonPlantHealthcameafter207consignmentsoffruitsandvegetablesfromIndiaimportedintotheEUin2013werefoundtobecontaminatedbypestssuchasfruitfliesandotherquarantinepests.

7. MicrosoftacquiresNokia'smobilephonebusinessfor$7.5bn.TheFinnishcompanywillnowfocusonnetworks,mappingservicesandtechnologydevelopmentandlicences.Note:FormerNokiachiefexecutiveStephenElophasbecomeexecutivevicepresidentoftheMicrosoftdevicesgroup

8. TheSupremeCourtofIndiaappointedformerjudgeoftheHighCourtofAustralia,MichaelHudsonMcHughasthethirdarbitratortoresolvethedisputebetweentheCentralgovernmentandMukeshAmbani‐ledRelianceIndustriesLtd(RIL)onKGbasin.

9. SCrecognizestransgenderasthirdcategoryofsex.Inalandmarkjudgement,theSupremeCourtonMondayrecognisedtransgendersoreunuchsasthirdcategoryofgenderanddirectedCentreandstatestograntthemallfacilitiesincludingvotersID,passportanddrivinglicence.

10. WHOcertifiesIndiaasapolio‐freenation.11. WorldMeteorologicalOrganization(WMO)panelannouncedthatCherrapunjiinIndiaregainedtheworldrecordforhighest

rainfallin48hourswith2493millimeters.12. RussiasuspendedfromG‐8group:The G7 group of top economic powers have kicked out Russia from the powerful G8 over its annexation of Crimea and

threatened to impose far-reaching sanctions if Moscow continued its incursion into Ukraine.ii.The US and six other economic powers also scrapped the G8 summit to be hosted by Russia in Sochi in June to build pressure on Russian President Vladimir Putin

against his military action in Ukraine.AboutCrimeai.TheAutonomousRepublicofCrimeaisanautonomousparliamentaryrepublicwithinUkraineandisgovernedbytheConstitutionofCrimeainaccordancewiththelawsofUkraine.ii.ThecapitalisthecityofSimferopol,locatedinthecenterofthepeninsula.Crimea'sareais26,200squarekilometers.iii.The Crimean peninsula, the main flashpoint in Ukraine's crisis, is a pro-Russia part of Ukraine, separated from the rest of the country geographically, historically and politically. It also hosts Russia's Black Sea Fleet. Ukraine has accused Russia of invading it.

13. IFFCOgetsapprovaltosetup$1.6bnureaplantinCanada.14. GlobalpharmamajorNovartisacquireGlaxoSmithKlineplc's(GSK).

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15. AndhraPradeshhasrecordedhighestgrowthintermsofmilkproductionatover41percentandper‐capitamilkavailabilityabout36percent,duringtheperiod2006‐10.

16. AUSjuryorderedSamsungElectronicsCoLtdtopay$119.6milliontoAppleInc,abiglossfortheiPhonemakerinthelatestroundoftheirglobe‐spanningmobilepatentlitigation.

17. CadburyIndiaLimitedannouncedtochangeitsnametoMondelezIndiaFoodsLimited.CadburyIndiaLimitedisasubsidiaryofMondelezInternationalInc.

18. Vietnam(Hanoi)decidednottohostthe2019AsianGamesforfinancialreasons,andwasexploringprocedurestowithdrawfromstagingtheregion'slargestsportingevent.

19. SunPharmaceuticalIndustries(SPL)announcedthatitwillacquire100percentofRanbaxyLaboratoriesina$4billionall‐sharetransaction.

20. Deadly‘Heartbleed’virusarrivesinIndiancyberspace.21. JammuandKashmirbecamethefirststateinthecountrytodeclareallelectionboothsinthecomingLokSabhapollsasno

smokingzones.22. IRV2020programmehasbeenlaunchedbyWHO‐India,withanaimto

protectandincreasethepopulationoftheone‐hornedrhinoceros(Rhinocerosunicornis).

23. WorkdaysfortribalsunderMNREGAraisedfrom100to150.ThosetribalswhohavereceivedlandrightsundertheForestRightsAct,2006willbeeligibleforadditional50daysofwageemploymentundertheruraljobscheme.

24. IndianominatedRani‐ki‐VavlocatedinPatan,GujaratandtheGreatHimalayanNationalPark(GHNP)inHimachalPradeshforUNESCO’sWorldHeritageSiteStatusfor2014.

25. VandanaFoundationlaunchedAQUATMinMumbai:TheAQUATMisawatervendingmachinefromwhichwatercanbepurchased.Thiswaterwendingmachinewillrelease1literwateratapriceof1rupee.

26. AirIndiaisallsettojointheworld'slargestairlinegrouping,StarAlliance,thisJuly,makingitthefirstairlinefromIndiatobepartofaglobalchainofcarriers.

27. GujaratstatehasbeenrankednumberoneinalistofIndia's20largeststatesintermsof“economicfreedom”.

28. GooglepartnerswithRay‐banforGoogleGlass.29. IndiaisDubai’slargestnonoiltradingpartnerin2013‐1430. Inthebiggest‐everdealsignedattheIndiaAviationShow,SpiceJet

hasinkedanagreementwithBoeingforpurchaseof42737MAX8aircraftcostingRs.26,000crore($4.4billion).

31. Kellogg’sropesinDeepikaPadukoneasbrandambassadorforSpecialK

32. MauritiusPresidentRajkeswarPuryaagisthechiefguestatGlobalAyurvedaFestinKerala

33. NationalWaqfDevelopmentCorp.LimitedisanewCentralPublicSectorEnterpriseinNewDelhi.Note:ItwillberemainundertheMinistryofMinorityAffairs.NationalWaqfDevelopmentCorporation(NAWADCO)hasbeenestablishedwithanauthorizedsharecapitalofRs.500Crore.ii.Thecorporationhasbeenestablishmentasafollow‐upoftherecommendationofSacharCommittee.

34. SocialmediagiantFacebookwillacquiremobilemessagingcompanyWhatsAppfor19billiondollarsinacashandstockdeal,thelargestacquisitionbytheMarkZuckerberg‐ledfirm.Undertheagreement,WhatsAppco‐founderandCEOJanKoumwilljoinFacebookBoardofDirectors.Note:WhatsApp,headquartersisinCalifornia'sMountainView.

35. Odiadeclaredasclassicallanguage.Sofar,Sanskrit,Tamil,Telugu,KannadaandMalayalamhavebeendeclaredasclassicallanguages.

36. GoogleandArchaeologicalSurveyofIndia(ASI)jointlylaunched360‐degreepanoramicimageryof30outof100"nationally‐importantmonuments"includingTajMahal,RedFort,Humayun'sTomb,JantarMantarandQutubMinaramongothers,viewabletoone‐thirdoftheworld'spopulation.

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37. CheteshwarPujara,themiddleorderbatsmanofIndiancricketteamappointedasthebrandambassadoroftheGujaratStateElectionCommission.

38. Country’sfirstMinorityCyberVillageopenedinChandoliinAlwardistrictofRajasthan.39. Sikkimachievesover100percentsanitation.Sikkimhasbecometheonlystateinthecountrytoachievemorethan100percent

sanitationinruralandurbanhouseholds,schools,sanitarycomplexesandAanganwadicentres.40. India’sfirstmonorailservicelaunchedinMumbai.Thefirstphasecovers8.9kmlongWadala‐Chembursection.41. BelgiumbecamesecondcountrytoallowMercyKillingforChildren.ParliamentofBelgiumon14February2014legaliseddeath

toterminallyillchildrenofanyage.Note:OtherEuropeancountriesthatallowsactiveeuthanasiaare:1.Luxembourg,whichpermitsactiveeuthanasiaforover18yearsinage.2.Switzerlandletsdoctorstohelpadultpatientstocommitsuicide

42. Indiaistheworld’slargestarmsimporter:SIPRI.ThenewdatahasrankedChinaandPakistansecondandthirdrespectivelyasthelargestarmsimporter.ThereportpublishedbyasSwedishThinkTank,StockholmInternationalPeaceResearchInstitute(SIPRI)hasclaimedthatIndiacontinuestobethelargestbuyerofarmsintheworld.

43. IndiabecamethirdlargestcrudeoilimporterintheWorld.World’sTopFiveOil‐ImportingCountriesare:1.China,2.U.S.A:,3.India4.Japan 5.Germany

44. Facebook—withmorethan1.2billionusersworldwide—iscelebratingits10thbirthdayon3rdFeb2014.45. SixPublicSectorUnits(PSUs)havesignedaMemorandumofUnderstanding(MoU)tosetuptheWorld’slargest4000MWultra

solarpowerprojectinRajasthan.Theprojectwillbethelargestsinglelocationsolarplantspreadacross19000acresatSambharinRajasthan.

46. TheMinistryofRailwaysandtheGovernmentofKarnatakasignedamemorandumofunderstanding(MoU)forthesettingupofarailcoachfactoryatKolarinKarnataka.

47. CabinetapprovesquotahikeofsubsidisedLPGcylindersfrom9to12.48. KeralawinsUNaward:KeralaTourismhasbeenconferredtheUnitedNationsAwardforcreatinginnovativeinitiativesfor

sustainabletourism,thefirsttimeIndiahaseverwontherecognition.49. Odisha'sChilikalagoon,hotspotforbiodiversity,hasbeennamed'destinationflyways'byUnitedNationsWorldTourism

Organization(UNWTO)followingitsinclusioninalistofeightsuchsitesworldwide.Note:ChilikaistheonlysitetobeselectedfromAsiabytheUNWTO.

50. JapanesePM(ShinzoAbe)istheChiefGuestatIndia’s65thRepublicDaycelebrationson26thJanuary2014.51. TheJaincommunitywasaccordedminoritystatusbythecentralgovernment,whichwillenablethemtoavailofbenefitsin

governmentschemesandprogrammes.TheJainsbecamethesixthcommunitytohaveminoritystatusafterMuslims,Christians,Sikhs,BuddhistsandParsis.

52. AmullaunchesIndia’sfirst‘milkATM’inGujarat.53. SouravGangulyconferredDoctorofLettersdegreebytheprestigiousBengalEngineeringandScienceUniversity(BESU),

Shibpur,forhisgreatcontributiontoIndiancricket.54. DelhibecamefirststatetowithdrawFDIinMultibrandRetail.55. Indiahasbeenranked98thintheForbeslistofworld'sbestcountriesfordoingbusinessthathascitedpoverty,corruptionand

discriminationagainstgirlsamongthechallengesfacingthecountry.Irelandtoppedthelist.56. TheUSGreenBuildingCouncil(USGBC)hasrankedIndiaasNo3amongthelistoftop10countriesforLEEDoutsideofthe

UnitedStates.57. PrinceHarryhasbecomethefirstBritishroyaltoreachtheSouthPoleafterathree‐weekcharitytrekwithinjuredmilitary

veteransfromBritain,theU.S.,CanadaandAustralia.58. CricketiconSachinTendulkarhasbeennamedtheregionalbrandambassadorbytheUNICEFtopromoteitsTotalSanitation

CampaigninIndia,Pakistan,SriLanka,BangladeshandNepal.59. ThePetroleumConservationResearchAssociationundertheMinistryofPetroleumandNaturalGashasselectedAndhra

PradeshfortheawardofbestperformingStateamongstthebigstatesfortheoilandgasconservationprogrammes.60. GorakhpurrailwaystationenteredLimcaBookofRecordsasworld’slongestplatform

Note:BeforetheplatformnumberoneofGorakhpur,theplatformofKharagpurrailwaystationofWestBengalhadthedistinctionofbeingworld’slargestplatformwithlengthof1072.5meters.

61. Indiaranks140inthelistof180countriesintheWorldPressFreedomIndex2014,whereasChinaandPakistanwereplacedat175thand158thpositionrespectively.

62. Indiawasranked94thoutof177countriesonGlobalCorruptionPerceptionIndex2013,whichwasreleasedbyTransparencyInternational.DenmarkandNewZealandtiedforfirstplace.

63. Indiahasbeenranked23rdoutof25countriesinnuclearmaterialsecurityindex.Chinahasbeenrankedat20thspot,whilePakistanstandsat22ndplace.

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64. Indiaranked155thinGlobalEnvironmentPerformanceIndex65. Indiaranksatthebottomofthelistof25countriesintermsofitsintellectualproperty(IP)environment.USrankedonthetop

followedbyUKandFrance.66. CumbriaUniversityofUKbecamethefirstpublicuniversitytoacceptfeesindigitalcurrency,Bitcoin.Asystemforprocessing

thepaymentsisalreadyoperational.67. Dhoom3’hasbecomeBollywood’shighestrevenuegrosserofalltimesinjustafortnightafteritspan‐Indiarelease.68. ChiletookitsseatattheUnitedNationsSecurityCouncil(UNSC)asanon‐permanentmemberoftheinternationalbodytillDec

31,2015.69. NepalandIndiahaveagreedinprincipletoallowcirculationofRs.500andRs.1,000denominationIndianbanknoteswithin

Nepaleseterritory,endingabaninplaceforoveradecade.Note:Thedecisiontoscrapthe2010dealwastakennearlyayearafterreportssurfacedthattwotopofficialsofthecompanyhadallegedlypaidbribestobagthecontract.FormerIAFchiefSPTyagiisoneoftheaccusedinthecase,whichisbeingprobedbyCBI.

70. Indiacancels3,600crorerupeeVVIPchoppersdealwithAnglo‐ItalianfirmAgustaWestLand.71. EuropelaunchedGaiasatellite,oneofthemostambitiousspacemissionsinhistory.72. Alstombagged125millioneurocontractfromBHELforNeyveliNewThermalPowerProject.Thecontractistosupply

componentsandservicesforthe1000MWNeyveliNewThermalPowerProject(NNTPP)ofNeyveliLigniteCorporationlocatedinTamilNadu.Note:Alstomisagloballeaderintheworldofpowergeneration,powertransmissionandrailinfrastructure.Ithassetabenchmarkforinnovativeandenvironmentallyfriendlytechnologies.ii.Alstombuildsthefastesttrainandthehighestcapacityautomatedmetrointheworld.

73. ChinabuiltanewresearchstationinAntarcticacalledTaishan.ItwasChina’sfourthresearchstationinthesouthernpole.Note:Antarcticaisthefifth‐largestcontinentinareaafterAsia,Africa,NorthAmerica,andSouthAmerica.

74. China'sfirstlunarrovernamedJadeRabbitlandedonMoon.ThelunarroverhasbeennamedJadeRabbit(calledYutuinChinese).Note:Inpastthreedecades,Chinaisthefirstcountrytodoso.Earlier,Luna24ProbeofSovietUnionwasthelastspacemissiontolandonmooninAugust1976

75. Chileistheworld’stopcopperexporter,anditsfast‐growingeconomy,lowunemploymentandstabledemocracyaretheenvyofLatinAmerica.

NewAppointmentinIndia

1. R.M.Lodha:NewChiefJusticeofIndia.Heisthe41stChiefJusticeofIndia.HesucceedsJusticeP.Sathasivam.2. LtGenDalbirSinghSuhag:appointednewArmyChief.Hesucceed Gen Bikram Singh. 3. RGandhiappointedDeputyGovernorofRBI.HereplaceAnandSinha4. RobinKDhowan:appointedNewNavyChief.5. ArupRahanewAirChiefMarshal.HesucceededNAKBrowne.6. ArvindMayaram:appointednewFinanceSecretary.HereplaceSumitBose7. SaurabhChandra:newOilSecretary.8. RajivTakru:appointedRevenueSecretary9. SudhirGupta:appointednewTRAISecretary10. RajeevKher:appointednewCommerceSecretary.HereplaceSRRao11. AshokLavasa:appointedCivilAviationSecretary.HereplaceKNSrivastava.12. JusticeG.Rohini:becomethefirstwomanChiefJusticeoftheDelhiHighCourt.13. IlaPatnaik:appointedasPrincipalEconomicAdvisor14. RetiredAirChiefNAK.BrowneappointednewIndianenvoytoNorway.15. RahulKulshreshthappointednewIndianenvoytoTurkey16. SunilGavaskar:interimPresidentofBCCI17. G.Gopalakrishna:joinedasdirectorofCentreforAdvancedFinancialResearchandLearning(CAFRAL).

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18. SureshKumarReddyappointedastheFirstambassadortoASEAN19. Ms.LakshmiSwaminathanbecamethefirstIndiantobecomepresidentofAdministrativeTribunaloftheAsianDevelopment

Bank(ADB)20. LalitModielectedpresidentofRajasthanCricketAssociation. 21. Arundhati Bhattacharya: SBI's first woman Chairman 

22. AkhileshGupta:electedasPresidentoftheIndianMeteorologicalSociety23. TomAlbanese:NewCEOofMiningconglomerateVedantaResources:24. SomaMondalappointedfirstWomendirectorofNationalAluminiumCompanyLtd(NALCO).25. AmitabhKant,CEOandManagingDirectoroftheDelhiMumbaiIndustrialCorridorDevelopmentCorporation,takechargeas

Secretary,DepartmentofIndustrialPolicyandPromotion.26. ThomasMathew:NewChairmanofMCXStockExchange27. DKPathak:newDirectorGeneraloftheBorderSecurityForce(BSF).28. SheilaDikshit:NewGovernorofKerala.29. DineshSarraf:appointedasChairmanandManagingDirector(CMD)ofOilandNaturalGasCorporation(ONGC).He

replacedSudhirVasudeva.30. GautamBambawale:newIndianambassadortoBhutan31. JudeFelix:appointedcoachoftheNationalmen’shockeyteam.32. YaduvendraMathur:appointedasChairmanandManagingDirectorofExport‐ImportBankofIndia(EximBank)33. RakeshMaria:appointedasanewPoliceCommissionerofMumbai.HereplaceSatyapalSingh.34. ALBanerjee.NewDGPofUP(UttarPradesh):HesucceedsRizwanAhmad.35. AditiKhannabecamefirstwomenPresidentofIndianJournalist'sAssociation36. MukulMudgal:appointedasthenewchairpersonofBroadcastingContentComplaintsCouncil(BCCC)37. R.K.Tiwari:appointedasthenewchairmanofCentralBoardofDirectTaxes(CBDT).HesucceedChairpersonSudhaSharma.38. N.SrinivasantobenewChairmanofICCfromJuly2014onwards39. PoonamKhetrapalSingh:appointedasRegionalDirectorofWorldHealthOrganisation(WHO)South‐EastAsiaRegion

Note:i.SEAROisoneofthesixregionsofWorldHealthanditsheadquartersisinNewDelhi.ii.SEROhas11countriesnamelyIndia,Nepal,Bhutan,Bangladesh,Myanmar,Thailand,Indonesia,SriLanka,Maldives,TimorLesteandDPRKorea.

40. JusticeAshokKumarMathur:appointedChairmanofthe7thPayCommission41. T.NandaKumar:newChairmanoftheNationalDairyDevelopmentBoard(NDDB),replaceAmritaPatel42. AkhileshDasGuptare‐electedpresidentoftheBadmintonAssociationofIndia(BAI)43. P.Madhusudan:appointedChairmanandManagingDirector(CMD)ofRashtriyaIspatNigamLtd(RINL)44. NRamachandran:NewPresidentofIndianOlympicAssociation(IOA)45. RatanTataappointedmemberofChina‐backedBoardofBoaoForumforAsia(BFA)46. ArvindRanjan:appointednewChiefofCentralIndustrialSecurityForce(CISF)47. JNChoudhury:appointednewChiefofNationalSecurityGuard(NSG).48. VinodKumarDuggal:appointedastheGovernorofManipur.HereplaceAshwaniKumar.49. SiddarthBirla:NewPresidentofFICCI(FederationofIndianChambersofCommerceandIndustry).HesucceededNainaLal

Kidwai.50. UshaSangwanappointedfirstwomanmanagingdirectorofLifeInsuranceCorporationofIndia(LIC)51. SushmaSinghNewCIC(ChiefInformationCommissoner).SheisthesecondwomantobecomeCICafterDeepakSandhu.52. HarshBhanwala:NewNabardChairman.BhanwalasucceededPrakashBakshi.53. KrishIyernamedCEOofWalmartIndia.HereplaceRamnikNarsey.54. P.H.ParekhelectedasthePresidentofSupremeCourtBarAssociation.55. DevendraKumarPathak:appointedastheSpecialDG,BorderSecurityForce(BSF)56. JusticeB.S.Chauhan,aJudgeoftheSupremeCourtappointedastheChairmanoftheCauveryWaterDisputesTribunal.He

succeed Justice NP Singh. 57. HarishRawat:NewChiefMinisterofUttarakhand

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NewAppointmentinWorld

1. Maj.Gen.KristinLundappointedfirstwomantoleadUNforce.Shereplace Chinese Maj. Gen. Chao Liu.

2. NewinterimPMofThailand:NiwatthamrongBoonsongpaisan.Note:Ms.YingluckshinawatraandnineCabinetmemberswereforcedtostepdownbytheConstitutionalCourt,whichfoundherguiltyofabuseofpower.

3. NewPMofLibya:AhmedMaiteeg4. NewPresidentofPanama:JuanCarlos5. NewNokiaCEO&President:RajeevSuri6. NewPresidentofAlgeria:AbdelazizBouteflika7. Newre‐electedPMofHungary:ViktorOrban8. NewPrimeMinisterOfFrance:ManuelValls9. NewPresidentofMalta:Marie‐LousieColeiroPreca10. PMofMalta:JosephMuscat11. NewPrimeMinisterofEgypt:IbrahimMahlab:.IbrahimMahlab

replaceHazemel‐Beblawi.12. NewPresidentofChile:MichelleBachelet13. NewCEOofFord:MarkFields.HesucceedAlanMulally14. NewItaly'syoungestPM:MatteoRenzi.Heisthe39‐year‐oldleader

oftheCentre‐LeftDemocraticParty,15. NewPrimeministerofUkraine:ArseniyYatsenyuk16. InterimPresidentofUkraine:OleksandrTurchynov17. NewPMofNepal:SushilKoirala.HereplacedKhil‐Raj‐Regmi.18. NewChairmanofMicrosoft:JohnThompson.HesucceededBill

Gates19. NewCEOofMicrosoft:SatyaNadella.HereplacedSteveBallmer

andhetakesoverasthethirdCEOoftheMicrosoftfirm.20. MarcoLambertiniappointedasdirector‐generalofWWF(WorldWideFundforNature)International21. NewSecretaryGeneralofNorthAtlanticTreatyOrganisation(NATO):JensStoltenberg.HereplacetheincumbentSecretary

GeneralAndersFoghRasmussen.22. NewPMofBangladesh:SheikhHasinaShebelongstoAwamiLeagueparty.

23. NewchairmanoftheFederalReserve:JanetYellen.ShesucceedsChairmanBenBernanke.

JanetYellen,thefirstwomantochairtheFederalReserveinits100‐yearhistory.FederalReserveisthenameoftheCentralBankofUS.

24. NewPakistanienvoytoIndia:AbdulBasit.HereplaceSalmanBashir.25. NewForeignSecretaryofPakistan:AizazChaudhry26. NewPakistaniAmbassadortoUS:JalilAbbasJilani27. FirstSecretaryGeneralofBIMSTEC:SumithNakandala28. ShahnazShaikh:appointedPakistanCoachofNationalHockeyteam.29. TeresaKhoisADB'snewCountryDirectorforIndia.ShereplacesHunKim30. AngelaMerkel:beginsthirdinningsasGermanchancellor.31. AbdiweliSheikhAhmed:NewPrimeMinisterofSomalia.(MogadishuistheCapitalSomalia).32. AshrafJehan:FirstfemalejudgeinPak’sNationalShariaCourt

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Summits

G20Summit:G‐20meeting(2014)ofFinanceministersandcentralbankgovernorsheldinSydney(Australia).G20LeadersSummit(2014)willbeheldinBrisbane,Queensland(Australia,inNovember2014.NATOSummit‐NATOSummit2014willbeheldinBritain.(Britainlasthostedthesummitin1990,whenMargretThatcherwasPrimeMinister).G8Summit:39thSummit2013:UnitedKingdom.(NorthernIreland)Note:The40thG8summitwasduetobeheldinRussiain2014.Themeetingwasplannedfor4–5June2014attheBlackSearesortofSochi.However,theothersevencountriesdecidedon24MarchthatasummitwouldbeheldwithoutRussia,inBrussels,Belgium.G7countriesrefusetoattendplannedG8summitinRussia.G‐8Countries:Canada,France,Germany,Italy,Japan,Russia,BritainandtheUSSAARCSummit:3rdSAARCministerialmeetonpovertyalleviation2013–Kathmandu(Nepal)18thSAARCSummit2013‐Kathmandu(proposed)

Nuclearsecuritysummit2ndSummit2012–Seoul(SouthKorea),3rdSummit2014(Next):Netherland4thSummit2016:UnitedStates

BIMSTECSummit3rdBIMSTECsummit2014:NayPyiTaw(Myanmar)4thBIMSTECsummitwillbeheldinNepal.Note:BIMSTEC(BayofBangalInitiativeforMultisectoralTechnicalandEconomicCooperation)BIMSTECincludes7countries:Bangladesh,India,Myanmar,SriLanka,Thailand,BhutanandNepalandaimstocreatecooperationinmultiplesectorsincludingtrade,investmentandenergy.NAMSummit:16thSummit2013:Tehran,Iran17thSummit2015‐Caracas(Venezuela)Note:Twonations,namelyAzerbaijanRepublicandFiji,wereacceptedasthenewmembersoftheorganization.NewMember1.UnitedNation–SouthSudannewmembercountry.Total–193members2.WTO–Tajikistannewmembercountry.Total–159members.3.WorldBank&IMF–SouthSudannewmembercountry.Total–188members4.EuropeanUnion–Croatianewmembercountry.Total–28

1. World Economic Forum 2014: held in Abuja (Nigeria). Bharti Enterprises founder and Chairman Sunil Bharti Mittal co – chair this year’s edition of the World Economic Forum on Africa.

2. India,SriLankaandMaldivesheldNationalSecurityAdvisor‐levelmeetingonmaritimesecuritycooperationinNewDelhi.3. WorldTelecommunicationsDevelopmentConferenceheldinDubai.4. TheGreenEconomySummitheldinDubai.5. ArabSummit2014:KuwaithosttheArabsummitforthefirsttime6. InternationalPetroleumConference2014(PETROTECH‐2014)heldinNewDelhifrom12th–15thJanuary2014.7. The9thWTOMinisterialConferencewasconcludedon6December2013atBali,Indonesia.8. 12thPravasiBharatiyaDivas2014heldinNewDelhi.Thisyear'sthemeis"EngagingDiaspora:ConnectingAcrossGenerations"

DatukSeriGPalanivalistheChiefGuestof12thPravasiBharatiyaDivas

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9. The8thAsiaGasPartnershipSummit(AGPS)washeldatNewDelhi,India.The8thAGPSwasorganizedbyGAIL(India)LimitedandFederationofIndianChambersofCommerceandIndustry(FICCI).

PointsToRemember:

MOUs‐DealbetweenIndia&OtherCountries1. Indiahascommitted8.5billionrupeestoBhutanforSmallDevelopmentProjectforthecountry’sthe11thFiveYearPlan.2. IranandJapansignedaMemorandumofUnderstanding(MoU)forbilateralcooperationonenvironmentalissuesinTokyo.3. India,Azerbaijan:toexploreopportunitiesinenergysector4. IndiaandCanadahavesignedthreeMoUsforcooperationinhealthsector,audio‐visualco‐productionandskilldevelopment.5. India,PolandagreetoformJointWorkingGroupforcooperationinfilmssector.6. IndiaandFijihavesignedaDoubleTaxationAvoidanceAgreement,DTAAfortheavoidanceofdoubletaxationandforthe

preventionoffiscalevasionwithrespecttotaxesonincome.7. IndiaandSaudiArabiahavedecidedtoenhancetheirbilateraltradeandeconomicco‐operationovernext5years.8. IndiaandBhutanhavesignedanagreementondevelopmentofhydropowerprojects.9. IndiaandGermanycouldsignanagreementfor€1billionforGreenfieldprojects10. IndiaandPakistansignedMoUonelectricitytrade:Indiahasexpresseditsintenttoexportelectricitytothetuneof500MW

toPakistanimmediatelyifinfrastructurefortransmissionofpowerismadeavailable.11. IndiaandMaldivesinkseveralpactsandhaveagreedto

jointlypatrolandconductsurveillancetostrengthenmaritimesecurityintheIndianOceanRegion.

12. IndiahassignedaRs4,000‐croredealwiththeUSforprocuringsixmoreC‐130JSuperHerculesSpecialOperationsaircraftfortheIndianAirForce.

13. ElectionCommissionsignsMoUwithYemen.IndiahasoffereditsexpertisetoYemeninelectionmanagementandelectoralrollpreparations.

14. IndiaandMacedoniahavesignedanewdoubletaxationavoidanceagreement(DTAA)thatprovidesforamongotherthingsexchangeofbankinginformationfortaxadministrationpurposes.Asperthenewagreement,dividend,interestandroyaltywillbetaxedinthesourcecountryandtherateoftaxationwillnotexceed10percent.

Scheme&PlanLaunchedbyUnion&StateGovernment:

1. MahatmaGandhiPravasiSurakshaYojana(MGPSY)waslaunchedintheUAE.AleadingIndianfinancialandhealthcareservice

playerhastiedupwiththeUAEExchangetoofferMahatmaGandhiPravasiSurakshaYojanaSchemeintheGulfcountry.AboutMahatmaGandhiPravasiSurakshaYojana(MGPSY)i.MahatmaGandhiPravasiSurakshaYojana(MGPSY)SchemeisapensionandlifeinsuranceschemeandisrecognisedbytheIndiangovernment.ii.MahatmaGandhiPravasiSurakshaYojana(MGPSY)isaspecialsocialsecurityschemeforoverseasIndianworkersontemporaryworkpermitin17EmigrationCheckRequired(ECR)countries.

2. Govt.launchMaulanaAzadSehatScheme'schemeforminoritystudents.Underthisscheme,studentsintheagegroupof5‐14yearswillbeprovidedwithahealthcardwhichwillentitlethemtofreecheck‐upstwiceayearattheplacewheretheyarestudying.

3. NorthDelhiMunicipalCorporation(NDMC)launchedanewhealthschemeStriSwasthyaSurakshaYojnaforwomenon6March2014.

4. UttarPradeshgovernmentlaunchedSamajwadipensionschemeon28January2014.Theschemewillbenefitover40lakhfamilies.Undertheschemepensionfrom500rupeesto700rupeeswillbegiventobeneficiaries.

5. TamilNadulaunchesfreeCFLbulbscheme:UndertheschemestateGovtwillprovidefreecompactfluorescentlightbulbstoover14lakhhut‐dwellersintheState,anenergysavingmeasureaimedatsaving40MWofpower.

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6. Centrelaunchese‐inclusionprojecttospreade‐literacy.Theprojectisaninitiativetomakeatleastoneindividualineveryhouseholde‐literate,undertheproject,economicallyweakersectionsofthesocietyincludingruralSC,STandwomenwillreceiveITtraining.

7. ProjectUddan:Theproject,aninitiativeofthePrimeMinister,theNationalSkillsDevelopmentCorporationandtheMinistryofHomeAffairsandindustry,wasstartedwiththeaimofprovidingskillsto40,000youthoveraperiodoffiveyears.

8. TheCabinetCommitteeonEconomicAffairs(CCEA)approvedimplementationofvariousschemesrelatedtoagriculture,includingcontinuationofRashtriyaKrishiVikasYojana(RKVY),inthe12thPlanwithacombinedoutlayofoverRs80,000crore.Note:TheRKVYisaStateplanschemethatprovides'considerableflexibility'andautonomytostatesinplanningandexecutingprogrammesforincentivisinginvestmentinagricultureandalliedsectors.

9. RaniLaxmiBaiPensionScheme:'specialpension'toMuzaffarnagarriotvictimsbyU.P.Govt.Thepension,whichwouldbeanywherebetweenRs400andRs500,wouldbegivenunderthisscheme.

10. BhagatPuranSinghSehatBeemaYojna(BPSSBY)HealthcareschemeforBPLfamilieslaunchedinPunjab11. 'Roshini'Scheme:Centrelaunchedskilldevelopmentandjobplacementscheme'Roshini'forruralyouthandwomeninmaoist

affected24districtsin9states.12. RajivGandhiJeevandayeeArogyaYojana(healthinsurancescheme)waslaunchedinMaharashtra.13. TheVikramUdyogpuri(Delhi‐MumbaiIndustrialCorridor)projectlaunchedinMadhyaPradesh.14. GoldenGirl(BangaruTalli)Scheme:Auniquescheme,launchedinAndhraPradesh,toprotectgirlchildandensureher

education.15. AnnaBhagya’programmelaunchedinKarnataka.Theprogrammeentitlesdistributionof30kgriceatonerupeeperKgto

over98lakhBPLandAntyodayacardholdersinthestate.

Awards&Honours1. GoldmanPrizeforenvironmentalactivistRameshAgrawal.Hereceivedtheprizeforhelpingvillagersfightcoalminingin

Chhattisgarh.2. Caparo Group founded by leading NRI industrialist Lord Swraj Paul has won the International Business of the Year award 2014 3. GoldenPeacockAwards2014:TechnoparkTechnologyBusinessIncubator(T‐TBI)waschosenfortheSpecialCommendation

attheGolden Peacock National Training Awards 2014.4. BharatRatnaAward:SachinTendulkarandCNRaoconferredBharatRatnaAward2013.

Note:TendulkaristhefirstsportsmanandtheyoungestrecipientofthetheBharatRatnaii.ProfRaoisawellrecognizedinternationalauthorityonsolidstateandmaterialschemistryisthethirdscientisttoreceivedawardafterCVRamanandformerPresidentA.P.JAbdulKalam.iii.TheBharatRatnawasannouncedafteragapoffouryearswithHindustanimusicdoyenBhimsenJoshibeingthelastrecipientin2009.

5. DadasahebPhalkeAward2013:VeteranpoetandfilmlyricistGulzarhasbeenchosenforthecovetedDadasahebPhalkeAwardfor2013.Heisthe45thwinneroftheDadasahebPhalkeAward.

6. PulitzerPrize2014:India‐bornpoetVijaySeshadrihaswontheprestigious2014PulitzerPrizeinthepoetrycategoryforhiswork'3Sections'.

7. DonnaTarttwinsfictionPulitzerPrize2014fornovel'Goldfinch'8. MissIndia2014:KoyalRananewMissIndia.9. GandhiPeacePrizefor2013:EminentGandhianandenvironmentalistChandiPrasadBhatselectedfortheaward.

Note:ApioneeroftheChipkoMovementforwhichhewasalsoawardedtheMagsaysayAwardin1982,Mr.BhattwasgiventhePadmaBhushanbyUPA‐Iin2005.

10. SaraswatiSamman2013:GovindMishraselectedforforhisbookDhoolPaudhoPar.11. PritzkerPrize2014:JapanesearchitectShigeruBanwonthePritzkerArchitecturePrize2014.Hewontheawardforhis

creativeandinexpensivedesignsfordisasterreliefshelters.12. AbelPrize2014:RussianmathematicianYakovGrigorevichSinaiwontheaward.13. Laxmi,anacidattackvictimgetsInternationalWomenofCourageAward(UShonour).14. VyasSamman2013:VishwanathTripathibeenselectedfortheprestigiousVyasSammanfortheyear2013.

Note:Tripathihasbeenchosenforthecovetedannualliteraryawardinstitutedin1991bytheKKBirlaFoundationforhismemoir'VyomkeshDarvesh',abiolgraphyofnotedHindischolarAcharyaHazariPrasadDwivedi.

15. GDBirlaAward2013:RajeshGopakumarwasselectedforthe23rdGDBirlaAwardforscientificresearchfortheyear2013.16. MSSubbulakshmiAward2014:MathangiSathyamurthy,Karnatakamusicianwasselectedfortheaward.

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17. Britain'shighestawards:RatanTata,formerchairmanoftheTataGrouphonouredbyQueenElizabethwithaGBE(KnightGrandCross),whichisoneofthehighestcivilianhonoursinBritain.

18. NarayanaMurthyawardedwith‘GlobalIndianAward’inCanada.19. LuisSuareznamedasProfessionalFootballers'AssociationPlayeroftheYear.20. JeevMilkhaSinghnominatedforAsianTour’s‘PlayeroftheDecade’

award21. MSDhoniwonUnitedKingdom’s2014Asianawardforoutstanding

achievementinSports.22. ShikharDhawannamedoneofWisden'sFiveCricketersoftheYear

award.23. SachinTendulkarwonCricketerofgenerationaward24. TomasHalik,theCzechpriestwontheTempletonPrizefor2014.25. IndiaandSingaporewonthe2014editionoftheUN‐Water“Waterfor

Life”BestPracticesAwardfortheirsustainablepracticesofwaterresources.

26. HindustanAeronauticsLtd(HAL)receivedtheMostEfficientNavratnaAwardfortheyear2013.

27. MegastarAmitabhBachchanwasconferredIndia'sGlobalIconoftheYearaward

28. Indian‐originGopalRaowonUKTwitterPrize.29. TurkishinvestigativejournalistAhmetSikwon2014UNESCO

GuillermoCanoWorldPressFreedomPrize.30. AnandKumar,thefounderofSuper30got2014Ramanujan

Mathematicsaward31. IndianWriterPankajMishrawonWindhamCampbellLiteraturePrize

201432. PresidentPaulKagameofRwanda,PresidentParkGeun‐hyeofSouth

KoreaandMexicanbillionnaireCarlosSlimwontheWorldTelecommunicationandInformationSociety(WTIS)Award2014.

33. PresidentPranabMukherjeegottheRotary'shighestawardforhisleadershipinthecountry'svictoryoverpolio.

34. ArogyaSwamiJosephPaulrajhasbeenawardedtheprestigious2014MarconiSocietyPrize.PaulrajistheonlyIndia‐bornscientisttoreceiveboththeMarconiPrizeandtheBellMedal,twotopglobalITtechnologyawards.

35. MadanBabu,anIndian‐bornscientist,wontheProteinScienceYoungInvestigatorAwardfor201436. AustralianpacerMitchellJohnsonwonthecovetedAllanBordermedal.37. AbhishiktaSShettyofKarnatakawonMissSouthIndiaPageantTitle38. CyrusMistrywinsDSCPrize2014forSouthAsianliteratureforhisbook“ChroniclesofaCorpseBearer”.39. TaiwanesepoetYushiwasawardedtheThiruvalluvarawardbytheTamilNadugovernmentinChennai.Yushiisthefirstforeign

scholartoreceiveThiruvalluvaraward.40. GermanygoalkeeperNadineAngererhasbeennamedthebestwomen'sfootballplayerintheworldfor2013.41. FIFAnamedPortugueseattackerCristianoRonaldoworld'sbestsoccerplayerforthe2012/2013season.42. SunilGangopadhyayMemorialAwardof2012and2013:twoeminentBengalipoets,namelyNirendranathChakraborty

andSankhaGhosh,respectively.43. 12YearsaSlave'winsGoldenGlobeforbestdramaticfilm.12YearsaSlave,'directedbyBritishfilmmakerSteveMcQuee44. 'AmericanHustle'wontheGoldenGlobeawardforthebestcomedyormusicalfilm.'AmericanHustle,'directedbyDavidO

RussellandstarringChristianBale45. LeonardoDiCapriohaswontheGoldenGlobeforbestactorinacomedyormusicalfor'TheWolfofWallStreet.46. IrrfanKhanwonthebestactorawardforhisbrilliantperformanceinhisfilmTheLunchboxatthe10theditionofDubai

InternationalFilmFestival(DIFF).47. C.K.Nayuduaward:FormerIndiacaptainKapilDevreceivedtheCol.C.K.NayuduLifetimeAchievementAwardfor2013.48. TheUnionMinistryofPowerhasselectedthePoovarIslandResortfortheNationalEnergyConservationAward201349. SahityaAkademiAwards2013:JavedAkhtarhasbeenchosenfor"Lava",hiscompilationof55Urdupoems.

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50. EminenthistorianBipanChandra:wasawardedItihasRatnafromAsiaticSocietyBihar.BipanChandraisthefourthhistoriantobehonouredwiththeItihasRatnabythesociety.Note:i.TheRiseandGrowthofEconomicNationalism,isoneofhisknownandoneoftheearliestbook.ii.HehasbeenaChairpersonofthecentreforhistoricalstudiesatJawaharlalNehruUniversityinNewDelhi.

51. RajivGandhiInternationalAirportofHyderabadreceivedSwordofHonouraward.Note:i.RajivGandhiInternationalAirportLtdisoperatedbyGMRHyderabadInternationalAirportLtd(GHIAL)anditisfirstairportinIndiatoreceivethisaward.ii.TheSwordofHonourisconsideredtobeOscaroftheSafetyWorld

52. LingaiahNagarapu,PrincipalScientistattheCSIR‐IndianInstituteofChemicalTechnologyhasbeenhonouredwiththebestscientistawardofScience‐TechFoundation(STF)

PadmaAwards2014:PadmaVibhushan1.DrRaghunathAMashelkar:ScienceandEngineering,Maharashtra2.BKSIyengar:Yoga,MaharashtraPadmaBhushanGulamMohammedSheikh,Art‐Painting,GujaratBegumParveenSultana,Art‐ClassicalSinging,MaharashtraT.H.Vinayakram,Art‐GhatamArtist,TamilNaduKamalHaasan,Art‐Cinema,TamilNaduJusticeDalveerBhandari,PublicAffairs,DelhiRuskinBond,LiteratureandEducation,UttarakhandPullelaGopichand,Sports‐Badminton,AndhraPradeshLeanderPaes,Sports‐Tennis,MaharashtraProfLloydIRudolph,LiteratureandEducation,USAPadmaShriMohammadAliBaig,Art‐Theatre,AndhraPradeshNayanaApteJoshi,Art,MaharashtraVidyaBalan,Art‐Cinema,MaharashtraAnjumChopra,Sports‐Cricket,DelhiSunilDabas,Sports‐Kabbadi,HaryanaLoveRajSinghDharmshaktu,Sports‐Mountaineering,DelhiDipikaRebeccaPallikal,Sports‐Squash,TamilNaduHBonifacePrabhu,Sports‐WheelchairTennis,KarnatakaYuvrajSingh,Sports‐Cricket,HaryanaMamtaSodhaSports‐Mountaineering,HaryanaOscarAward2014:BestFilm‐12YearsaSlave–DirectedbySteveMcQueenBestActor‐MatthewMcConaugheyfor:DallasBuyersClubBestActress‐CateBlanchettfor:BlueJasmineBestDirector‐AlfonsoCuarónforGravityBestActorinaSupportingRole‐JaredLetofor:DallasBuyersClubBestActressinaSupportingRole‐LupitaNyong'ofor12YearsaSlaveBestForeignLanguageFilm‐TheGreatBeauty(Italy)Note:"Gravity"pulledin7Oscars,includingbestdirector,atthe86thAcademyAwardsonMarch2,2014.

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61stNationalFilmAwards:BestFilm:'ShipofTheseus'–Director–AnandGandhiBestActor:RajkumarRaofor'Shahid'andSurajVenjaramuduandVenajaramooduforMalayalammovie'Perariyathavar'BestActress:GeetanjaliThapaforLiarsDiceBestDirectorAward:PranjalDuafor'ChidiyaUd'(Hindi)BestPopularFilmprovidingWholesomeEntertainment:'BhaagMilkhaBhaag'BestFilmonSocialIssues:'TojiaDharmKauncha'BestNonFeatureFilm:'Rangbhoomi'BestSupportingActor:SaurabhShukla,'JollyLLB'Note:'CinemaKaCinema'gottheBestBookonCinema,whiletheBestFilmCriticawardwenttoAlkaSahaniaDirectorofFilm'Shahid'–HansalMehtaDirectorofFilm'JollyLLB'–SubhashKapoorDirectorofFilmLiarsDice–GeetuMohandasTheIIFA2014AwardsWinners’ListBestActor(Male):FarhanAkhtarforBhaagMilkaBhaagBestActress(Female):DeepikaPadukoneforChennaiExpressLifetimeAchievementAward2014:ShatrughanSinhaBestEntertaineroftheYear:DeepikaPadukoneBestFilm:BhaagMilkaBhaagBestDirector:RakeyshOmMehraforBhaagMilkhaBhaag.BestDebutantAwardmap:DhanushforRaanjhanaaBestStoryAward:PrashoonJoshiforBhaagMilkhaBhaagBestLyricWriter:MithoonforTumHiHofromAashiqui2BestMalePlaybackSingerAward:ArijitSinghfor‘TumHiHo’fromAashiqui2BestFemalePlaybackSingerAward:ShreyaGoshalfor‘SunRahaHaiNaTu’fromAashiqui2JohnTravoltahonouredtheMostPopularAllTimeInternationalStarinIndiaatIIFAawards59thFilmfareAwards2014:1.BestActress:DeepikaPadukone‐GoliyonKiRasleelaRamLeela2.BestActor:FarhanAkhtar‐BhaagMilkhaBhaag3.BestFilm:BhaagMilkhaBhaag4.BestDirector:RakeyshOmprakashMehra–BhaagMilkhaBhaag5.BestLyrics:PrasoonJoshi–Zinda(BhaagMilkhaBhaag)6.BestDebut(Director):RiteshBatra‐TheLunchbox7.BestDebut(Male):Dhanush–Raanjhanaa8.BestDebut(Female):VaaniKapoor‐ShuddhDesiRomance9.BestStory:SubhashKapoor‐JollyLLB10.BestActorinaSupportingRole:NawazuddinSiddiqui‐TheLunchbox11.BestActressinaSuportingRole:SupriyaPathak‐Ram‐Leela12.LifetimeAchievementAward:Tanuja

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PersoninNews:

1. Dr.ManmohanSinghresigns.asPrimeMinisterofIndia.2. Nitish Kumar resigns as Bihar CM3. LakhdarBrahimi:UNEnvoyonSyriaresigned4. AlenkaBratusekSlovenia’sPrimeMinisterresigned.5. DilipShanghvinamedamongAsia’srichestself‐madebillionaires.6. ManojVaish,ManagingDirector&CEOofMultiCommodityExchangeofIndiaLtd(MCX),resigned.7. PElangointerimCEO&WholetimeDirector,quitfromCairnIndia.8. AamirKhan–ElectionCommission’sNationalIconforLokSabhaElections20149. ArjunKapoorNamedNationalAmbassadorforEarthHour201410. VivekGundotra,chiefofGoogle’ssocialnetworkingventureGoogle+resigned.11. NancyPowellresignedastheUSAmbassadortoIndia12. PrimeMinisterofKazakhstanSerikAkhmetovhasresigned13. SouthKorea'sPrimeMinisterChungHong‐Wongiveresignoverthesinkingofapassengerferrythatleftmorethan300people

deadormissing.14. JusticeKTThomasquitsasheadofLokpalsearchcommittee15. HazemEl‐Beblawi:EgyptianPMresigns.16. ArchanaBhargava:ChairmanandManagingDirectoroftheUnitedBankofIndia,hasresigned.17. ZakaAshraf:PrimeMinisterNawazSharifsackedZakaAshrafastheChairmanofthePCB18. Sub‐InspectorKPrasadBabuwashonouredposthumousAshokChakraforananti‐Naxaloperation.19. JamilaBayaz,firstwomentobeappointedpolicechiefofKabulprovince.SheisthefirstwomaninAfghanistantobeappointed

aspolicechiefofanentiredistrict.20. EnricoLetta:ItalyPrimeMinisterresigned.21. ArvindKejriwal:resignfromthepostofChiefMinisterofDelhi.22. PopeFranciswasnamedasthePersonoftheYear2013byTimeMagazine.23. WiproChairmanAzimPremjiwontheEconomicTimesLifetimeAchievementAward2013forhisroleincreatingIndia'sthird

largestsoftwareexporter.24. AliLarayedh:PrimeMinisterofTunisiaresigned25. Indian‐originacademicianRakeshKhuranahasbeenappointeddeanoftheprestigiousHarvardCollege.HesucceedsEvelynn

Hammonds.26. ParveenAmanullah:BiharFirstWomanMuslimMinisterResigns27. TeestaSetalvad,accusedformisusingforeignfundsmeantforhelpingthevictimsofthe2002Gulbargsocietymassacre.28. MichaelFerreira:Billiardschampionwasaccusedin425‐crorerupeesscaminmulti‐levelmarketingfirmQNet.29. JusticeA.K.Ganguly:WestBengalHumanRightsCommissionchairmanJusticeA.K.Gangulyresignedfromthepostofhonorary

professoroftheNationalUniversityofJuridicalSciences30. VBalakrishnan:FormerInfosysCFOjoinsAAP31. HardeepSinghPuri:whoretiredasIndia’sPermanentRepresentativetotheUnitedNations,todayjoinedBJP.32. ChandraKantBirlaChairmanofHindustanMotorsLimitedresignedfromtheboard.33. MichaelSchumacher,isinacomaandremainsina"critical"conditionafterstrikinghisheadinaskiaccident34. DevyaniKhobragade:Khobragade,India'sdeputyconsulgeneralinNewYork,wasaccusedbyManhattan'sIndianAmerican

USAttorneyPreetBhararaofvisafraudandexploitingherbabysitterandhousekeeper.35. ShashiTharoorPETA's'personoftheyear'byanimalrightscampaignerPETA(PeoplefortheEthicalTreatmentofAnimals)for

initiatingstepsforanimalprotection.36. ShomaChaudhury,managingeditorofTehelka,announcedherresignationfromtheTehelka,aninvestigativemagazine.37. TarunTejpal:Tehelkaeditor‐in‐chiefwasarrestedonchargesofsexuallyassaultingayoungcolleague.38. MathewMartoma:Indian‐originhedgefundportfoliomanagerMathewMartomaconvictedforhisroleinthe$275million

insidertradingscheme,themostlucrativeinU.S.history.

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Books&TheirAuthors

1. Book‐MyYearswithRajivandSoniawrittenbyR.D.Pradhan2. Book‐ModiNomics:InclusiveEconomics,InclusiveGovernance:authoredbySameerKochhar.

SomeotherbooksofSameerKochhar:1.Growth&Finance2.SpeedingFinancialInclusion.3.PolicymakingforIndianPlanning4.BuildingfromtheBottom:InfrastructureandPovertyAlleviation

3. Book:CrusaderorConspirator?CoalgateandotherTruthsauthoredbyPCParakh4. Book:TheAccidentalPrimeMinister:TheMakingandUnmakingofManmohanSinghauthoredbyDr.SanjayaBaru5. Book:LalBahadurShastri:LessonsinLeadershipwrittenbyPavanChoudary.6. Book:RationalisedRomanforKashmiriwrittenbyDr.RLBhat7. Book:NarendraModi:APoliticalBiographywrittenbyAndyMarino.8. Book:PublicIssuesBeforeParliamentwrittenbyVijayDarda9. Book:ThePoliticalEconomyofEnergyandGrowthauthoredbySh.

NajeebJung10. Book:IndiaatRisk:authoredbyJaswantSingh.11. Book‐ModiNomics:InclusiveEconomics,InclusiveGovernance:authoredbySameerKochhar.

12. Book:Water,PeaceandWar‐ConfrontingtheGlobalWaterCrisiswrittenbyBrahmaChellaney.13. HardChoicesauthoredbyHillaryRodhamClinton14. Book:GreaterthanBradman:celebratingSachin,thegreatestbatsmaninTesthistoryauthoredby:RudolphLambert

Fernandez,aChennai‐basedauthor.15. Book:“Unbreakable”‐AnAutobiographybyMaryKom16. TheLuminariesby:EleanorCatton.ShewontheManBookerPrize2013.17. WalkingWithGiants:authoredbyformerFinanceSecretaryG.Ramachandran.18. "IamMalal:authoredbyChristinaLamb.19. MomentousTimesonthe175yearsofTimesofIndia.ThebookisaneffortoftheTimesofIndiaGroup.20. "VictoryIndia‐AKeytoQualityMilitaryLeadership"authoredbyColonelVinayBDalvi(Retd)21. TheDaVinciCode:DanBrown

SomebooksauthoredbyRBIGovernor:RaghuramRajan

AidandGrowth FaultLines India'sPatternofDevelopment TheRealEffectofBankingCrises ControlledCapitalAccountLiberalization SavingCapitalismfromtheCapitalists

LEADER”SVISITEDINIDIA

1. Oman’sForeignMinisterYousufbinAlawibinAbdullahvisitedIndia.2. KingofBahrainHamadbinIsaAlKhalifavisitedIndiaonFebruary18‐20,2014.3. PresidentofZanzibar,Dr.AliMohamedSheinvisitedIndiafrom1to9February2014.Zanzibarisasemi‐autonomouspartof

Tanzania,inEastAfrica.4. GermanPresidentJoachimGuackvisitedIndiaon4thFeb20145. FrenchFirstLadyValerieTrierweilervisitedInidaon25thJan2014.6. KingofBhutan,JigmeKhesarNamgyelWangchuckandQueenJetsunPemaWangchuckvisitedIndia7. SouthKoreanPresidentParkGeun‐hyevisitedIndia.

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OBITUARY

1. Russy Mody: Management guru Russy Mody who was known for his man management while he headed Tata Steel and was awarded Padma Bushan died

2. Capt.C.P.KrishnanNair,FounderChairmanofTheLeelaPalaces,HotelsandResorts,passedaway3. NJanardhanReddy:FormerAndhraPradeshChiefMinisterdied.4. ElenaBaltacha:Ex‐tennisplayerdiesofcancer5. KhaledChowdhury:Notedtheatrepersonalitydied6. BobHoskins:Britishactordies7. TitoVilanova,FormerBarcelonacoachVilanovadies.8. PulitzerPrizewinningjournalistAnjaNiedringhausshotdeadinAfghanistan.9. KhushwantSingh:Famouswriterandjournalistpassedaway10. FormerPresidentofGuineaKumbaYaladied11. Nanda:VeteranBollywoodactresspassesaway.12. DKJain:LuxorGroupChairmanpassesaway13. GabrielGarciaMarquez,theNobellaureatewhoseintoxicatingnovelsandshortstoriesexposedmillionsoutsideLatinAmerica

passesaway.14. FormerSierraLeonePresident,AhmadTejanKabbahdied15. BritishsocialiststalwartTonyBenndies16. NotedeconomistandacademicianG.K.Chadhapassedaway17. PRamdas:Malayalamdirectorpassesaway18. K.SuryanarayanaRaja,formerinternationalbasketball

playerpassedaway.19. JoeMcGinniss,authorofFatalVisiondied20. WilliamClayFordpassesaway 21. JagatSinghMehta:FormerForeignSecretarydied22. J.S.Sarma:FormerTRAIChairmanpassesaway23. HanumathShastry,theeminentTelugulitterateurdied24. BangaruLaxman:FormerBJPpresidentdies.25. LegendaryGuitarist:PacodeLuciapassedaway26. ProkashKarmakar:Eminentpainterdied27. BaluMahendra:Veteranfilmmakerpassedaway.28. KarlSlym:MDofTataMotorsdiedafterfallingfromhotelbuildinginBangkok29. SudhirMahato:theformerDeputyChiefMinisterofJharkhanddied30. AkkineniNageswaraRao:PadmaVibhushanandDadaSahebPhalkeawardeepassedaway.ANRisfondlycalledtheTragedy

KingofTelugucinema.31. SuchitraSen:LegendaryBengaliactorpassedaway32. NamdeoDhasalRenownedMarathipoetandactivistpassedaway33. SyednaMohammedBurhanuddi:ThespiritualleaderoftheDawoodiBohracommunitypassedaway34. SilverineSwer,Meghalaya'sfirstPadmaShriAwardeedied35. AdhipChaudhuri,aninternationaleconomistwhotaughtatGeorgetownUniversity,diedinVienna,36. ArielSharon:FormerIsraeliPrimeMinisterDies37. IIaPathaksocialactivistdied38. VishwanathBondre:FormerMumbaiRanjiTrophycricketerdied39. FarooqSheikh:veteranHindiactordied40. MikhailKalashnikov:thedesigneroffabledAK‐47automaticrifle,diedinRussia.AK‐47'snamestandsfor"Kalashnikov's

Automatic"andtheyearitwasdesigned,1947.41. IshratAliSiddiqui:Freedomfighter,veteranJournalistandPadmShreeawardeedied42. AnjaliDevi:VeteranSouthIndianfilmactressdied43. MichiakiTakahashi:developedChickenpoxvaccinediedinJapan.44. PranChopra:Veteranjournalistdied45. G.S.Shivarudrappa:DistinguishedKannadapoet,writerandresearcherG.S.Shivarudrappa(87)passedaway.Thewriter,was

awardedwiththetitleofRashtrakavibytheGovernmentofKarnatakain2006.46. SisRamOladeadUnionLabourandEmploymentMinisterSisRamOladiedataGurgaonhospitalafteraprolongedillness.

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47. JoanFontaine:Oscar‐winningactorhasdiedattheageof9648. BabulPhukan:FormerfootballerdiedinGuwahati49. NelsonMandela,theanti‐apartheidrevolutionaryofSouthAfricadied50. SandeepAcharya:IndianIdolwinnerpassesaway.51. RonnieBiggs:knownforhisroleinthe1963GreatTrainRobbery,died.52. NarayanSahu:FormerOdishaMLAandfreedomfighterpassesaway53. PhilipSeymour:Oscar‐winningactorHoffmandied.

SportsNewsAustralianOpen2014:

1.Men’sSingle:Switzerland'sStanislasWawrinkaclaimedhisfirstGrandSlamtitlebydefeatingRafaelNadal2.Women’sSingle:LiNa(China)defeatDominikaCibulkova.LiNabecomesfirstChinesewomantoclinchtitle.3.Women’sDoubles:ErraniandRobertaVincibeatRussia'sEkaterinaMakarovaandElenaVesnina

MadridTitle2014:RafaelNadal defeat Kei Nishikori in the final to win the title. MonteCarloMastersTennis2014:StanislasWawrinkabeatRogerFederer.Miami(Sony)Open2014:1.Men’sSingle:NovakDjokovicdominatesRafaelNadaltowinfourthMiamititle.2.Women’sSingle:SerenaWilliamsbeatLiNatowinseventhMiamiTitleNote:ManilawillhostthefirstlegofthenewlylaunchedInternationalPremierTennisLeague

ListofTop5CountriesMedalStandingsofSochi(Russia)2014WinterOlympics:

Rank Country Gold Silver Bronze Total1 RussianFed. 13 11 9 332 Norway 11 5 10 263 Canada 10 10 5 254 UnitedStates 9 7 12 285 Netherlands 8 7 9 24

Note:Fifteen‐year‐oldRussianskaterYuliaLipnitskayahasbecometheyoungestathleteintheworldtowinaGoldmedalattheWinterOlympics

ICCWorldCupCricketVenue:ODI:(OnedayInternational):1.Australia&NewZealand:2015CricketWorldCup.2.Englandwillhost2019CricketWorldCup.3.Indiawillhost2023WorldCupforthefourthtime.T20:1.Bangladeshhostthe:WorldT20Cup‐2014.(ForMen&women)2.Indiawillhostthe:WorldT20Cup‐2016.(ForMen&women)3.AustraliatohostWorldT20in2020.(ForMen&women)4.WestIndiestohostWomen'sWorldT20in2018andUnder‐19CricketWorldCupin2022.Note:ICCWomen’sWorldCup2013‐AustraliadefeatedWestIndiesatBrabourneStadiuminMumbai.The2013WorldTwenty20QualifierarescheduledtobeplayedinNovember2013intheUnitedArabEmirates.Test:1.EnglandtohostCricketWorldTestChampionsin–2017(forfirsttime).2.IndiawillhostWorldTestChampionshipin‐2021.

Note:ICCU‐19WorldCup2014heldinUAE.SouthAfricawonthetitle.

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FIFA(Football)WorldCUPhosts:

1.2014:Brazil(Mascot:SmilingArmadillotobetheofficialMascotof2014FIFAWorldCupBrazil).2.2018:Russia3.2022:Qatar

FIFAranking:20141.Spain2.Germany3.Portugal4.BrazilIndiadroptwoplacesto147inFifaranking.OlympicsGameshostcities:

1.2014winter:Sochi(Russia)2.2016Summer:RiodeJaneiro(Brazil)3.2018winter:Pyeongchang(SouthKorea)4.2020summer:Tokyo(Japan)

AsianGameshostcities:1.2014:Incheon(SouthKorea)(Note:2010AsainGamesheldinGuangzhou,China).Note:Vietnam(Hanoi)decidednottohostthe2019AsianGamesforfinancialreasons,andwasexploringprocedurestowithdrawfromstagingtheregion'slargestsportingevent.

ICCRankingsForTests,ODIsandTwenty20

Test ODI Twenty20

Australia Australia India

SouthAfrica India SriLanka

England SriLanka Pakistan

Pakistan England SouthAfrica

India SouthAfrica Australia

1. Men’sT20WorldCup2014:SriLankadefeatIndiatowinthemaidentitle.2. Women’sWorldT202014:AustraliadefeatEnglandinthefinaltowinthetitleforthethirdtimeinarow.3. AsiaCupTitle2014:SriLankadefeatPakistantowinthetitle.

Note:ItistheirfifthAsiaCupsuccess,equalingtherecordofIndia.4. ICCU‐19WorldCup2014:SouthAfricabeatsPakistantoliftthetitle.5. RanjiTrophy2014.KarnatakabeatMaharashtratoliftthetitle.Karnatakahavewonthetrophyforseventhtime.6. IraniTrophy2014:KarnatakawonbydefeatingRestofIndia.7. IndiaclaimU‐19AsiaCuptitlebydefeatingPakistaninfinal

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8. VijayHazareTrophy2014:KarnatakawonthetitlebydefeatingRailways9. Grant Flower named as Pakistan batting coach. 10. 68thSantoshTrophy:MizoramdefeatRailwaystowinthetitle.

Note:ThisisthemaidenSantoshTrophyforMizoramalsothiswasthefirstappearancefortheminthefinalmatch.11. PankajAdvaniwonCCIBiliardstitle.Hedefeatedtwo‐timeworldrunner‐upDhruvSitwala12. National Women's Football champions 2014: Manipur defeated Orissa in the final. 13. DeodharTrophy2014:WestZoneliftedthetrophyafterdefeatingNorthZoneinthefinal14. MalaysianGrandPrix2014:Britain'sLewisHamiltonwonthetitle.15. SyedMushtaqAliT20trophy:BarodabeatUttarPradeshtowinthetrophy.16. WorldSnookertitle2014:MarkSelbyofEnglandwonmaidentitle.17. ViratKohliisnumber1ODIbatsmaninlatestICCrankings18. SaeedAjmaltopbowlersinODIranking.HeisfollowedbyDaleSteynandSunilNarinwhileRavindraJadejaisatfourth.19. WaqarYounisappointedasnewPakistancoach.20. MartinKilzanwontheMunichATPtournamenttoclaimsecondtitleofhiscareer.Inthefinalmatch,hedefeatedFabioFognini21. ChitraMagimairajWinsWorldWomen'sSeniorsnookertitle22. TheIndo‐ZimbabweantennispairofSaniaMirzaandCaraBlackhaswontheWTAPortugalOpenwomen'sdoublestitle.23. KamalChawlahassettledforabronzemedalintheAsian

SnookerChampionshipbeingheldintheUnitedArabEmirates.24. PunjabwonJuniorNationalHockeyTitle2014bydefeatingOdisha

inthefinal.25. NovakDjokovicwonIndianWellsfinalbydefeatingRogerFederer.26. India'sHeenaSidhuclinchedWorld'sNo.1spotin10mtsairpistol

event.27. GeorgeBaileyleadKingsXIPunjabintheseventheditionoftheIndianPremierLeague28. Australianall‐rounderShaneWatsonwillcaptainRajasthanRoyalsintheIndianPremierLeague(IPL).29. SunilGavaskarappoints(HDFCchairman)DeepakParekhashisspecialadvisorfor7theditionofIPL30. USsprintstarTysonGayhasreceivedaone‐yeardopingbanfromtheUSAnti‐DopingAssociation.31. TriplejumperRenjithMaheswary,whohasbeenstoppedfromreceivingArjunaAwardundercontroversialcircumstanceson

chargesofdopeviolationlastyear,hasagainbeenrecommendedbytheAthleticsFederationofIndia(AFI)forthecovetedhonourthisyear.

32. Darren Sammy retires from test cricket but remains T20 captain. 33. Ronnie O’SullivannamedasSnooker’sPlayeroftheYear.34. LasithMalinga,newcaptainofSriLankaT20team35. NewZealand'sKiwiKathyCrossbecamethefirstwomantobeinductedinanICCumpires'panel36. DipikaPallikalrankedNo10inWomen’sSquashAssociation(WSA)rankings37. SainaNehwalwonSyedModiInternationalIndiaGrandPrixGoldbadmintoncrownbydefeatingPVSindhuinLucknow.38. BCCIrecommendsRavichandranAshwin(Off‐spinner)forArjunaAward.39. AnirbanLahiriwonIndonesianMastersgolftitle.40. GrandMasterAdhibanwonsilvermedalattheAsianContinentalChessChampionship41. DelhiWaveridersbeatJaypeePunjabWarriorstolifts2ndeditionofHockeyIndiaLeaguecup.42. RafaelNadalremainstopofthemen’sATPtennisrankings.43. SerenaWilliams(USA)remainstopoftheWTAtennisrankings44. ChennaitohostWorldBridgeChampionshipsnextyear.45. ShaikAbdulHameedofIndiawonthe2014ThailandTourtitleofAsianBowlingFederation(ABF).46. ChainSinghandHeenaSidhuclaimedgoldmedalsintheseventhAsianAirGunChampionshipinKuwait47. SwimmerSupriyaMondalhasqualifiedforthe2014YouthOlympicsbywinningagoldmedalinthe200mbutterflyeventat

theDubaiInternationalAquaticChampionshipsinHamdan.48. ManavjitSinghSandhu,theIndianveterantrapshooterjumpedtothethirdspotintheworldrankings.49. PoojaGhatkarclinchesgoldinwomen’sairrifleintheseventhAsianairgunchampionship50. FormerAustraliatestbatsmanMarcusNorthretires.51. Spain'sRealMadridretainedthetitleoftheworld'srichestsoccerclub52. NetherlandsbeatNewZealandtowinmaidenHeroHockeyWorldLeaguetitle53. JimmyWalkeroftheUSwontheSonyOpengolftournamentheldinHawaii54. VeteranIndianshuttlerArvindBhatliftsGermanOpentitle

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55. AdityaJoshiisworldNo.1juniorshuttler.56. SerenaWilliamsbeatVictoriaAzarenkatowinBrisbaneInternationalTitle.57. ATPOpenTennistournamentheldinChennai.58. JacquesKallisovertakesRahulDravidtobecome3rdhighestTestrun‐getter59. Dubaitennischampionship:RogerFedererdefeatdefeatingTomasBerdych.60. GraemeSmith,theSouthAfricancricketteamCaptainannouncedretirementfrominternationalcricket.61. SouthAfrica'slegendaryall‐rounderJacquesKallisannouncedretirementfromTestcricket.62. VeteranSriLankanbatsmanMahelaJayawardenehasbecomethesixth‐highestrun‐scorerinthehistoryofTestcricket63. KumarSangakkara,thecricketerofSriLankannationalteambecamethesecondpersoninthehistoryofCrickettoscorea

triplecenturyandacenturyinthesametestmatch,hejoinedGrahamGooch,theformerskipperofEnglandteam.64. VeteranIndianplayerJoshnaChinappaliftedhermaidenWSAWorldTourtitlewiththeWinnipegWinterClubOpentrophy

afterbeatingEgypt'sHebaElTorky.65. VernonPhilanderofSouthAfricatoppedTestbowlerrankingofICC66. England'sspinnerGraemeSwannannouncedretirementfromInternationalCricket.67. ZaheerkhanbecamethefourthIndianbowlertoclaim300wicketsinTestcricket.JacquesKalliswashis300thwicketin

internationaltestcricket.BowlersofIndia,whohastaken300wicketsnamelyKapilDev(434wickets),AnilKumble(619wickets)andHarbhajanSingh(413wickets).

68. IndiadefeatPakistantoliftKabaddiWorldCup2013title.DefendingchampionIndiaretainedthetitlefourthconsecutiveterm69. IndiawinWomen'sKabaddiWorldCup2013forthethirdtimeinarow,defeatingdebutantNewZealand49‐21inthesummit

clashplayedatGuruGobindSinghsportscomplexinJalandhar(Pinjab).70. JuniorHockeyWorldCup2013:GermanybeatFrance,registerrecordsixthworldtitle.71. RisingTestbatsmanCheteshwarPujarahasbaggedthe'EmergingCricketeroftheYear'2013trophy.72. TheInternationalCricketCouncil(ICC)hassuspendedWestIndiesoffspinnerShaneShillingfordfrombowlingininternational

matchesbecauseofillegalaction.73. AndyMurraycrownedBBC'SportsPersonalityoftheyear'2013.74. EthiopianRunnerAtseduTsegaywonDelhiHalfMarathon2013.75. AustraliabeatEnglandtoseal5‐0Ashestitle76. HockeyWorldLeagueFinalkickedoffinNewDelhi77. 75thSeniorNationalTableTennisC’shipheldinPatna78. ThefirsthighaltitudecricketstadiuminSouthIndia,inauguratedatKrishnagiriinWynaddistrictofKerala.79. WorldandEuropeanchampionsSpaintopthefinalFIFAworldrankingsoftheyearforthesixthtimeinarow.80. MaheshMangaonkarbecamethefirstIndiansquashplayertowintheIMETOpenbydefeatingGregLobban,intheSlovakian

capitalofBratislava.81. JohnIsnerbeatLuYen‐hsunofTaiwantowinAucklandtitle

NewsRelatedToDefence&Technology

1. Bolivialaunchedcountry’sfirsttelecommunicationsSatelliteTupakKatariNote:CapitalofBolivia:Sucre,President:EvoMorales

2. IRNSS—1A,IRNSS‐1B‐India'snavigationsatellite.3. PakistansuccessfullytestfiresHaft‐III(Ghaznavi)ShortRangeSurfacetoSurfaceBallisticMissile.Range290km4. Indo‐NepaljointmilitaryexerciseEx‐SuryaKiranDrillsVIheldatSaljhandiinRupandehidistrict.5. Thelargest130‐MWSolarPowerPlantofIndiaWelspunSolarMPProjectwaslaunchedatBhagwanpurinNeemuch,Madhya

Pradesh6. NTPCsignedaMemorandumofUnderstanding(MoU)withBiharStatePowerGenerationCompanyLimited(BSPGCL)and

LakhisaraiBijleeCompanyPrivateLimited(LBCPL)todevelopa1320MW(2X660MW)ThermalPowerProjectatKajrainLakhisaraidistrictofBihar.

7. NathpaJhakriHydroPowerStationawardedagoldshieldon4February2014foritsmeritoriousperformancein2013‐14.NathpaHydropowerStationconsecutivelythirdtimereceivedtheaward.Note:TheNathpaJhakriDamisaconcretegravitydamontheSatlujRiverinHimachalPradesh.

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8. INSVikramadityaentersIndianNavy'sareaofoperation.INSVikramaditya(R33)isaProjectwhichenteredintoservicewiththeIndianNavyin2013.TheshiphasbeenrenamedinhonourofVikramaditya,alegendary1stcenturyBCemperorofUjjain,India.

9. FastPatrolVesselAbhinav,theIndianCoastGuardShipcommissionedinKochi10. GSLV‐D5launchplacesIndiaineliteleagueoftheU.S.,Russia,France,JapanandChinaTheGSLVisdesignedtoinjectits

passengerspacecraftintotheintendedGeosynchronousTransferOrbitwithacombinationofsolid,earth‐storableliquidandcryogenicpropellantsinitsfirst,secondandthirdstages,respectively.

11. IndianmissiontoMarsblastsoffsuccessfully.TheMarsOrbiterMission,knownas"Mangalyaan".Note:i.OnlytheUnitedStates,RussiaandtheEuropeanSpaceAgencyhavebeensuccessfulinthismission.ii.TheUnitedStatesistheonlynationthathassuccessfullysentroboticexplorerstolandonMars,themostrecentbeingCuriositywhichtoucheddowninAugust2012.iii.IndianSpaceResearchOrganisation(ISRO)chairmanK.Radhakrishnan.iv.ThesatelliteisscheduledtoreachtheMarsorbitinSeptember2014andisdesignedtocircletheRedPlanetinanellipticalorbitof366kmX80000km.v.PrimaryobjectivesoftheMarsmissionaretodemonstrateIndia’stechnologicalcapabilitytosendasatellitetoorbitaroundMarsandconductmeaningfulexperimentssuchaslookingforsignsoflife,takepicturesoftheredplanetandstudyMartianenvironment.

12. IRNSS‐1A,India'sfirsteverdedicatedNavigationsatellitelaunchedblastedofffromtheSatishDhawanSpaceCentreinSriharikota.

13. INSVikramadityasettojoinIndianNavy.INSVikramadityaisaKievclassaircraftcarrierwhichwascommissionedbyRussianNavyin1987underthenameBaku.

14. Missiles:1.Nuclear‐capable'Agni‐V'testedforsecondtime.'Agni‐V'long‐rangeballisticmissile.strikerangeofmorethan5000kmNote:IntheAgni(SurfacetoSurfacemissile)series,IndiaatpresenthasAgni‐1with700kmrange,Agni‐2with2000kmrange,Agni‐3andAgni‐4with2500kmtomorethan3500range.Agni–Vmorethan5000kmPrithvi:1.PrithviI‐150km 2.PrithviII‐350km 3.PrithviIII‐350km‐600km

HeadquarterofInternationalOrganisation UNO ‐ NewYork UNICEF ‐ NewYork UNESCO – Paris UNIDO – Vienna WHO – Geneva UNFPA ‐ NewYork SAARC – Kathmandu ILO – Geneva WorldBank‐ WashingtonD.C IMF ‐ WashingtonDC WTO – Geneva

InternationalCourtOfJustice‐TheHague InternationalAtomicEnergyAgency–Vienna InternationalCommitteeoftheRedCross–Geneva InternationalMaritimeOrganisation–London FoodandAgriculturalOrganisation–Rome WorldMeteorologicalOrganisation‐Geneva AmnestyInternational– London TransparencyInternational– Berlin WorldIntellectualPropertyOrganization–Geneva InternationalRenewableEnergyAgency‐AbuDhabi

(UAE)

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CommonwealthofNations–London InternationalStandardsOrganisation–Geneva

ImportantDaysofMarch/April&May‐

March‐ March4‐WorldDayoftheFightAgainstSexualExploitation March8‐ InternationalWomen’sDay March13‐WorldKidneyDay March15‐WorldDisabledDay March15‐WorldConsumerRightsDay March21‐WorldForestryDay March21‐InternationalDayfortheEliminationofRacialDiscrimination March22‐WorldWaterDay March23‐ WorldMeteorologicalDay March24‐WorldTBDayApril‐ 5thApril‐NationalMaritimeDay 7thApril‐WorldHealthDay 10thApril‐ WorldHomoeopathyDay(BirthdayofSamuelHanimen) 14thApril‐WorldAeronauticsandCosmologyDay 14thApril‐ Ambedkar’sBirthAnniversary

17thApril‐ WorldHemophiliaDay 18thApril‐WorldHeritageDay 21stApril‐ IndianCivilServiceDay 22ndApril‐EarthDay 23rdApril‐ WorldBooksandCopyrightDay 24thApril‐ PanchayatDivasMAY May1:InternationalLabourDay/MaharashtraDay May3:WorldPressFreedomDay/InternationalEnergy May8:WorldRedCrossDay/WorldThalessemiaDay May9: Victoryday May11: WorldTechnologyDay May12: InternationalNursesDay May13: NationalSolidarityDay May14: WorldMigratoryDay May17: WorldTelecommunicationDay/ May21: Anti–TerrorismDay May24: CommonWealthDay May29: MountEverestDay May31: Anti–TobaccoDay

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ABBREVIATIONINNEWS1. DICGC:Depositinsuranceandcreditguarantee

corporation.2. OLTAS:On‐lineTaxAccountingSystemisusedforDirect

Taxes3. TIN:TaxInformationNetwork4. IMPS:InterbankMobilePaymentService5. BSBDA‐BasicSavingsBankDepositAccount6. FCNR(B)‐ForeignCurrencyNon‐ResidentBank7. TARC‐TaxAdministrationReformCommission8. ITEs:Intra‐GroupTransactionsandExposures9. LCR:LiquidityCoverageRatio10. NSFR:NetStableFundingRatio11. REER:RealEffectiveExchangeRate12. LRMT:Liquidityriskmonitoringtools13. CBS:CoreBankingSolution14. DEAF:DepositorEducationandAwarenessFund15. CRAR:CapitaltoRisk‐weightedAssetsRatio16. ExternalCommercialBorrowings(ECB)17. SWIFT:SocietyforWorldwideInterbankFinancial

Telecommunication18. FSLRC:FinancialSectorLegislativeReformsCommission19. MIBOR:MumbaiInter‐BankOfferRate20. LIBOR:LondonInter‐BankOfferRate21. LAF–LiquidityAdjustmentFacility22. GIRO‐GovernmentInternalRevenueOrder23. EEFC‐ExchangeEarner'sForeignCurrency24. FRBMA:FiscalResponsibilityandBudget

ManagementAct25. ALM‐AssetLiabilityManagement26. AMFI‐AssociationofMutualFundinIndia.27. TIEA–TaxInformationexchangeAgreement28. CAR–CashAdequacyRatio29. CCEA–CabinetCommitteeonEconomicAffairs

30. CECA‐ComprehensiveEconomicCooperationAgreement

31. CEPA–ComprehensiveEconomicPartnershipAgreement

32. DTAA–DoubleTaxationAvoidanceAgreement33. ECBs‐ExternalCommercialBorrowings34. EEFC‐ExchangeEarner'sForeignCurrency35. EFSF–EuropeanFinancialStabilityFacility36. FEMA‐ForeignExchangeManagementAct37. FII–ForeignInstitutionalInvestor.38. FINO‐FinancialInclusionNetworkOperation39. FIPB–ForeignInvestmentPromotionboard40. FSLRC–FinancialSectorLegislativeReforms

Commission41. FTA‐Freetradeagreement42. GAAR‐Generalantiavoidancerule43. GSLV‐Geo‐SynchronousLaunchVehicle44. MSF‐MarginalStandingFacility45. NBFC‐NonBankingFinanceCompanies46. NCTC‐NationalCounter‐TerrorismCentre47. NEFT‐NationalElectronicFundsTransfer48. NSG–NuclearSuppliersGroup49. PPP–PublicPrivatePartnership&PurchasingPower

parity50. PSLV–PolarSatelliteLaunchvehicle51. RTGS‐RealTimeGrossSettlement52. SLR‐StatutoryLiquidityRatio53. TAPI‐Turkmenistan‐Afghanistan‐Pakistan‐India.54. QFI‐QualifiedForeignInvestors55. VVPAT‐'VoterVerifiablePaperAuditTrail'56. TaxInformationExchangeAgreement(TIEA)

HighlightsofGeneralElections2014World’sbiggestdemocraticexercise‐India’s16thLokSabha(LowerHouse)electionswhichranfromApril,7toMay12,2014areoveranditsverdictisout.Ofthetotal543seatsforwhichelectionswerecontested,BJPledNDAachievedathumpingvictoryon336seats,whereas,CongressledUPAhasfacedthoroughdefeatin6keystateswinningjust59seats,andtheCongress,44seats.TheAamAadmiParty(AAP)whichcontestedon424seatshasfaceddebacleasitcouldwinjust4seats.AAPleaderandformerChiefMinisterofDelhi,ArvindKejrival,whocontestedagainsttheNarendraModifromVaranasi,defeatedbyahugemarginofmorethan3lakhvotes.WiththisNDAvictory,BJP’sPrimeMinisterialcandidateNarendraModiisallsettobetheheadofthenewlyelectedIndianGovernment.

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BJPregistereditsbiggestwininUttarPradeshwinning71seatsdespiteabigcoalitionpartner,thebestperformancebyasinglepartyinthestatesince1984whentheCongresswon83of85seats.

ResultsLokSabhaPolls2014:

ALLTHEBESTTOALLTHEASPIRANTSFORSBIPO2014EXAM

ALLIANCE TALLY

NDA(BJP+Allies) 335

UPA(Congress+Allies)

59

AAP 4

SP 5

BSP 0

AITC 34

JD(U) 2

LEFT 11

ADMK 37

OTHERS 56

TOTAL 543/543

VoteShare:Alliance VoteShare(%)

NDA 35

UPA 23

LEFT 4

AITC 4

Others 34