Tuesday, 21 October 2014
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1) Arvind Subramanian appointed Chief Economic Adviser: Former IMF economist Arvind Subramanian was appointed Chief Economic Advisor in the Finance Ministry. An alumnus of IIM-Ahmedabad, Subramanian joins the Finance Ministry at a time when the government has started work for the 2015-16 budget which will proper budget of the Modi government. The post of CEA has been lying vacant since Raghuram Rajan left the Finance Ministry to Bank as Governor in September last year. The Finance Ministry has prepared an interim budget and full fledged budget for 2014-15 without a formal CEA in office. A graduate from St College, Subramanian has been advising the Indian government in different capacities and has been a member of the Finance Minister's Expert Group on the G-20.
2) ISRO successfully launched navigation satellite IRNSS 1C: Scripting yet another milestone in , Isro successfully launched IRNSS 1C, the third member of the seven satellite constellation of the Indian Regional Navigation Satellite System (IRNSS), in the wee hours of Thursday. Polar Satellite Launch Vehicle (PSLV) - C26, carrying IRNSS 1C, lifted off from the first launch pad of Satish Dhawan Space Centre in Sriharikota at 1.32am. The satellite detached from the launch vehicle about 20 minutes after the launch at an altitude of 499.63km soaring with a velocity of 9604.87 metre per second. This was the 27th consecutive successful flight of PSLV.
3) Rajiv Mehrishi replaced Arvind Mayaram as Finance Secretary: The Narendra Modi government has transferred the top civil servant at the finance ministry, Finance Secretary Arvind Mayaram, replacing him with Rajiv Mehrishi, the chief secretary of Rajasthan, a state that has pushed dramatic free market reforms in recent months.
4) Kotak Mahindra Bank launched Facebook-based funds transfer platform KayPay: Mumbai headquartered Kotak Mahindra Bank has launched KayPay, a bank agnostic payment product for Facebook users to send money to each other. Users won't have to depend on net banking or have to know of the payee, the company said. According to the bank, users can transfer funds by choosing recipients from their Facebook friends list. KayPay is built on top of the mobile based Immediate Payment System launched by the National Payment Corporation of India. Users have their bank accounts once using the service. KayPay uses Facebook user id & password and a (OTP) to authenticate a transaction. Both sender and the receiver receive on SMS and Facebook.
5) Modi launched Pandit Deendayal Upadhyay Shramev Jayate scheme: Prime Minister Narendra Modi launched the Pandit Deendayal Upadhyay Shramev Jayate scheme, under which he dedicated a Shram Suvidha portal, Labour Inspection scheme and Portability through Universal for Employees to the nation.
6) World Food Day celebrated: World Food Day is celebrated every year around on 16 October in honor of the date of the founding of the of the United Nations in 1945. The day is celebrated widely by many other organisations concerned with food security, including the World Food Programme and the International Fund for Agricultural Development. The World Food Day theme for 2014 is Family Farming: “Feeding the world, caring for the earth”.
20:49 AMIT KUMAR No comments
1) Australia’s Richard wins Man Booker prize with : The first Man Booker prize to allow American nominees was on Tuesday night won by an Australian, with Richard Flanagan triumphing for a “magnificent novel of love and war” that tells the harrowing stories of prisoners and captors on the Burma railway. Flanagan won for The Narrow Deep North as he became the third Australian to win the prize, following on from Thomas Keneally and Peter Carey.
2) Global Handwashing Day observed: Global Handwashing Day (GHD) is a to motivate and mobilize millions around the world to wash their hands with soap. It takes place on October 15 of each year. The campaignis to raising awareness of handwashing with soap as a key approach to disease prevention.
3) Tobacco packets to devote 85 percent space to warnings: India Wednesday made it mandatory for tobacco companies to devote 85 percent space on packets of cigarettes and other tobacco products to warnings against the ill effects of tobacco consumption. "We have issued a to ensure that in the few months cigarette manufacturers have 85 percent space on packets covered with either pictorial warnings or messages warning against the perils of tobacco use," union Harsh Vardhan announced at a function on the occasion of Global Hand-washing Day.
4) Maharashtra registers 64% turnout, Haryana creates history with 76% polling: Amid tight security arrangements, queued up to exercise their franchise as polling began for the 288 seats in Maharashtra and 90 seats in Haryana on Wednesday. The assembly polls in both states are one of the biggest electoral tests for Narendra Modi, who spearheaded a high decibel BJP campaign to wrest power from the opposition. Over 76% eligible voters in Haryana and 64% in Maharashtra exercised their franchise .Both numbers are an increase from 2009 and the figure is all time highest for Haryana.
5) Raghuram Rajan given Best Central Bank Governor award: Reserve Bank of India governor Raghuram Rajan has been conferred with the Best Central Bank Governor award for 2014 by Euromoney magazine. Euromoney said Raghuram Rajan’s tough monetary medicine combatted the storm ravaging the deficit-ridden economy in the recent emerging market crisis. Mr. Rajan received Euromoney’s Central Bank Governor of the Year Award 2014 in Washington on October 10, the RBI said in a release on Wednesday.
20:48 AMIT KUMAR No comments
1) PM Narendra Modi Rs 1,000 crores for Andhra Pradesh: Prime Narendra Modi, who visited cyclone-battered Visakhapatnam on 14 Oct 2014, has announced a Rs. 1,000-crore to help Andhra Pradesh get back on its feet.
2) World Standards Day observed: World Day is celebrated internationally each year on 14 October.The aim of World Standards Day is to raise awareness among , industry and consumers as to the importance of standardization to the . 14 October was specifically chosen to mark the date, in 1946, when delegates from 25 countries first gathered in London and decided to create an international organization focused on facilitating standardization.
3) Indian cop wins UN's international female peacekeeper award: An Indian police inspector has been named recipient of a prestigious international female peacekeeper award by the UN's police division for her "exceptional achievements" in her duty with the UN mission in Afghanistan, including her efforts towards victims of sexual and gender-based violence. Inspector Shakti Devi of the Jammu & Kashmir Police, currently deployed in the UN Assistance Mission in Afghanistan ( UNAMA), has been awarded the International Female Police Peacekeeper Award 2014.
4) IRCTC launched : IRCTC (Indian Railway Catering and Tourism Corporation) has released IRCTC Connect, the official railway app for Android. The launch of the Android app comes more than an year after IRCTC released the first railway ticket booking apps for and Windows 8. It had also launched a BlackBerry 10 app in August 2014. The IRCTC Connect app offers users a one-step login feature, the ability to search and book , view and cancel tickets and upcoming journey alerts.
5) Khaled Bahah new PM of Yemen: In Yemen, President Mansour Hadi has named country’s envoy to UN, Khaled Bahah as the Prime Minister. He was among the three names proposed by the Houthi rebels to end the political standoff in the country.
Source : http://www.currentaffairs4examz.com/
20:48 AMIT KUMAR No comments
1) 2014 Nobel Prize for Economics http://goo.gl/rhIy3J: The Royal Swedish Sciences has decided to award The Sveriges Riksbank Prize in Economic Sciences for 2014 to Jean Tirole “for his analysis of market power and regulation”. The prizes in , Chemistry, Physiology or Medicine, Literature, and Peace have been awarded since the inception of Nobel Prize in 1901, however the Nobel Prize in Economic Sciences was created in 1968. The economics prize is officially called the Sveriges Riksbank Prize in Economic Sciences in . Read details>>
2) International Day for Disaster Reduction observed: World observed 'International Day for Disaster Reduction 2014' on October 13. The day is celebrated to raise awareness of how people are taking action to reduce their risk to disasters. The theme for this year is 'Resilience is for Life'. The focus this year is on older people and the role they can play in resilience-building through their experience and knowledge.
3) Shashi Tharoor dropped as Congress spokesperson: The Congress on Monday dropped its former Union Minister Shashi Tharoor from the party’s panel of spokespersons in view of the Kerala Pradesh Congress Committee’s demand for disciplinary action against him for accepting Prime Minister Narendra Modi’s invitation to a select panel of prominent personalities to advocate the Swachh Bharat Mission. The decision to drop Mr. Tharoor from the panel of spokespersons was taken by Congress president Sonia Gandhi as per the recommendations of the party’s Disciplinary Action Committee.
4) ‘Queen of Jaffna’ to link Sri Lanka's north again: The “Queen of Jaffna,” a once-popular train linking the ethnic Tamil’s northern heartland to Sri Lanka before a bloody cut the link 24 years ago, chugs back into service this coming week, reinforcing the government’s authority in a region once controlled by Tamil rebels. President Mahinda Rajapaksa inaugurated service along the 400-kilometer (250-mile) route between Jaffna and Colombo, Sri Lanka’s capital.
5) India 55th on global hunger index: India has made some progress in reducing poverty level, but still ranks behind neighbouring Nepal and Sri Lanka on the Global Hunger Index and its hunger status remains classified as "serious". India was at 63rd position in the global hunger index (GHI) last year. The 55th position in 2014 is better than Pakistan (ranked 57) and Bangladesh (57), but trails behind Nepal (44) and Sri Lanka (39). Burundi, Eritrea Top Global Hunger Index.
6) Mary Kom named Most Valuable Player of India's Asian Games: Olympic bronze medallist M C Mary Kom was chosen as the Most Valuable Player of India's Incheon Asian Games campaign at a felicitation of the medal winners by contingent sponsors Samsung India on Monday. Mary Kom, who became the first Indian woman boxer to win a gold medal in Asian Games when she clinched the yellow metal in the Incheon Games in flyweight (-51kg) class, was named the MVP after a poll. All the 11 /team gold winners, including the men's hockey team, were in the contest.
Source : http://www.currentaffairs4examz.com/