Category Archives: Current Affairs

10 March 2014 Current Affairs For SSC CGLE 2014 & Bank Exams

1. 2014 Polls: Jaya Prada, Amar Singh join RLD

Actor-turned-politician Jaya Prada along with former Samajwadi Party leader, Amar Singh joined Ajit Singh’s Rashtriya Lok Dal.

2. Indian Author Pankaj Misra has been honoured with $1,50,000 Yale University prize for his literary contribution under nonfiction category.

7 more writers receives the award across 3 categories of fiction, non- fiction and drama. The award namely Windham Campbell Literature prize gives $1,50,000 to each winner.

3. Nazara Technologies launches 2D mobile game -‘Gulaab Gang’

Nazara Technologies has launched a new mobile game known as ‘Gulaab Gang – The Game’, based on the popular movie Gulaab Gang. It is an action packed gang-war, comprising of 25 levels and can be downloaded for free on Google Playstore.

4. Coal scam: CBI files chargesheet against Navabharat Power, 2 directors

The Central Bureau of Investigation filed its first chargesheet against Navabharat Power Private Limited and its two directors here on Monday.

Navbharat directors Harish Prasad and T. Prasad have been named in the chargesheet. The chargesheet accuses directors of cheating and conspiracy.

5. Jagat Singh Mehta, India’s former foreign secretary (1976-79) breathes his last at 90.

He was honoured with Padma Bhushan in 2002.

6. Vigilance Report: State favoured illegal estates

The vigilance and enforcement department has exposed various loopholes in the revenue, panchayat raj, municipal and registration departments, which have resulted in loss of crore of rupees as the officials favoured real estate companies who developed illegal layouts.

These departments have not been updating the prohibited list of government lands, which has resulted in real estate companies laying hands on assigned lands, and there was no monitoring of unauthorised layouts in panchayats.

The vigilance department has come out with several recommendations to the government departments, to correct the system, after finding that the city-based Janaharsha realtors had committed irregularities in violation of all existing rules and evaded requisite fees, such as nala conversion fee, amounting to Rs 6.73 crore, layout processing fees and development fees, causing huge loss to the government.

The vigilance department alleged that Janaharsha had purchased vast extents of agricultural land in Ibrahimpatnam and Manchal mandals, in RR district and failed to secure mutation in the revenue records. The company did not file declaration before the revenue divisional office for acquiring land exceeding the ceiling limit.

When contacted, director-general of vigilance and enforcement R.P. Thakur said he had received the report from the Hyderabad rural regional unit regarding Janaharsha irregularities.

The report alleged, “An extent of two acres of reserve forest land at Naganpally block was encroached by Janaharsha, exploiting the existing difference between the boundary lines fixed by the forest officials initially, by way of trenching and later erecting pillars. Forest officials failed to protect the lands. A loss of Rs 3.9 crore was detected on unauthorised consumption of minor minerals found, apart from 6.73 crore loss. It has acquired 535 acres of Bhoodan land and 266 acres assigned to bonded labourers.”

The department has asked the government to devise penal procedures to initiate actions against illegal layouts. It also suggested integrated software for all the departments to avoid violations. The department asked the government to issue instructions, to collectors, to update the prohibition of transfer of state lands’ lists, including assigned lands, Bhoodan lands and lands acquired by the government.

7. Vizag mishap: DRDO probes into nuclear submarine, Defence says Navy not affected by mishap

The defence ministry on Sunday rejected speculation that the work on the under-construction nuclear submarine at Visakhapatnam would be affected by the mishap that occurred on Saturday in which a civilian worker was killed.

8. New rules to prevent misuse of stem cells

The use of stem cells in patients will now be considered research and not a therapy, according to the recently released guidelines of the Indian Council of Medical Research. The need to release the guidelines was that stem cells were being heavily circulated by the medical fraternity for use in cases of curing diabetes, cancer and also hair loss.

Dr Kanaka Bhushanam, in-charge of KIMS research centre says, “The need to bring out the guidelines was that stem cells must be used only for those who have failed to respond to standardised treatment modalities. The need for ethical use will ensure selective use and also effective results.”

9. Sri Lanka wins its 5th Asia Cup trophy with a comprehensive 5-wicket victory over defending champions Pakistan at Mirpur, Bangladesh.

Sri Lanka is now tied with India as the most successful team in Asia Cup with 5 titles each. Sri Lanka had also won the Asia Cup in 1986, 1997, 2004 and 2008.

10. BCCI likely to announce IPL 7 venue today

Board of Control for Cricket in India will announce the venue for IPL 7 on Monday.

11. Sania Mirza-Cara Black reached the quarterfinals of the WTA

Fifth seeds Sania Mirza and Cara Black reached the quarterfinals of the WTA Paribas Open following a straight sets victory over Raquel Kops-Jones and Abigail Spears

Current Affairs for SSC and Bank Exams Dt: 7-3-2014

1. Malaysia Airlines plane crashes off Vietnam

A Beijing-bound Malaysian Airlines plane that went missing with 239 people on board, including five Indians, on Saturday crashed into the sea off Vietnam’s southern Phu Quoc Island, Vietnamese media reported.

2. New India Assurance announced Asha Kiran a health insurance cover for girl child

The girl child policy also provides a personal accident cover for parents. On occurrence of any accident to parent, the sum insured would be placed as a fixed deposit in the names of the girl child.

The ASHA KIRAN policy has daily cash benefit on hospitalization, critical care benefit up to 10 per cent sum insured and emergency ambulance charges.

New India also announced health policies with added benefits for the women customer of bank. General Insurance had its tie up with Bhartiya Mahila Bank.

3. President gives Stree Shakti Puraskar to six persons on International Women’s Day

On the occasion of International Women’s Day, President Pranab Mukherjee today presented the Stree Shakti Puraskar to six persons for their distinguished services for the upliftment of women.

The awards are named after six legendary women of India, Rani Lakshmibai, Rani Rudramma Devi, Kannagi, Rani Gaidinliu Zaliang, Rani Ahilyabai Holkar and Mata Jijabai.

The Stree Shakti Puraskar carries a cash award of three lakh rupees and a citation.

Secretary, Women and Child Development, A K Jain said, the government has adopted several policies and legal measures for the empowerment of women and their welfare.

4. Bharatiya Mahila Bank to open branch in Kerala

Bharatiya Mahila Bank Ltd (BMB), the first all-women nationalised bank, is opening its branch in Kerala’s capital, Thiruvananthapuram.

5. Bihar emerges as fastest growing state in 2012-13

The latest data released by the Central Statistics Office shows that Bihar is the fastest growing State with its Gross State Domestic Product growing at 15.05 per cent during 2012-13. It is the only State to clock a double-digit growth rate.

6. World snooker champion Pankaj Advani secures his 6th national snooker title.

He comprehensively beat Kamal Chawla by a 6-3 scoreline at the 81st national snooker championship 2014.

He has so far won the 7 world title in billiards and one in snooker.

He is the only Indian with a world title in snooker.

Vidya Pillai defeats Chitra Magimairaj to retain the women’s title.

RBI Committee set up to assist banking sector to apply Basel 3 norms

Reserve Bank of India (RBI) on 7 March 2014 announced to set up a committee under the Financial Stability and Development Council (FSDC).

The committee would set the guidelines for the banking sector to comply with Basel-III capital norms.
The decision was taken at a sub-committee meeting of FSDC. The meeting was chaired by Reserve Bank of India (RBI) Governor Raghuram Rajan.

Main highlights are as follows

• The implementation of the non-legislative recommendations of the Financial Sector Legislative Reforms Commission (FSLRC)

• The issue of setting up a repository for providing investors with a single view of all financial asset classes.

• The ways to suggest the capital requirements of the banking sector over the next five years in view of the Basel-III regulations and requirements for supervisory capital.

• Issues of greater harmonisation of regulations across sectors for similar activities were also taken up.

• Also, it discussed about ways for setting up an effective resolution regime for the financial sector.

About Basel III norms

A comprehensive set of reform measures designed to improve the regulation, supervision and risk management within the banking sector. The Basel Committee on Banking Supervision published the first version of Basel III in late 2009, giving banks approximately three years to satisfy all requirements. Largely in response to the credit crisis, banks are required to maintain proper leverage ratios and meet certain capital requirements.

Daily Current Affairs Updates for SSC & Bank Exams Dt: 07-03-2014

7 March 2014 Current Affairs for all Upcoming Competitive Exams

1. Indian-American scientist Anil Jain develops the first ever 3-D fingerprint.  
He led a team of Michigan State University computer scientists to convert a 2-D image of a fingerprint into a 3-D finger surface using a 3-D printer. This will go along way in improving this biometric technology in accuracy and security.

2. Crimea‘s Parliament unanimously voted to join Russia, to conduct a plebiscite for the same on March 16.  US and EU have ruled it illegitimate.

3. Telangana: SC issues notice to Centre on Andhra’s bifurcation

The Supreme Court, on Friday, issued notice to Centre on Andhra Pradesh bifurcation petitions filed by former AP Chief Minister Kiran Reddy and others on creation of Telangana.

4. Purandeswari supporters angry over her decision to quit Congress and join BJP

Some of her supporters have openly opposed the decision of Union minister Purandheswari to quit the Congress and join the BJP. They voiced their objections openly at a meeting she held here with her close aides, followers and supporters to share details of her decision to join the BJP.

5. Kiran Kumar Reddy to adopt new political party – Jai Samaikyandhra

Former Chief Minister N. Kiran Kumar Reddy on Thursday announced that he will launch a new political party. The name of the party, symbol and agenda will be revealed at a public meeting to be held in the coastal city of Rajahmundry on March 12.

6. Privacy groups ask regulators to halt Facebook’s $19 billion WhatsApp deal

Privacy advocates have asked US regulators to halt Facebook Inc’s $19 billion acquisition of WhatsApp, until there is a clearer understanding of how the company intends to use the personal data of WhatsApp’s 450 million users.

WhatsApp, a service that allows mobile phone users to send messages, has had a longstanding commitment to not collect user data for advertising purposes. Privacy groups have even requested the regulators to investigate the deal with regards to the ability of Facebook to access WhatsApp’s store of user mobile phone numbers and metadata.

‘As we have said repeatedly, Whatsapp will operate as a separate company and will honor its commitments to privacy and security,’ stated Facebook.

Regulators must require that Facebook insulate WhatsApp user information from access by Facebook’s data collection practices, reads the complaint.

“WhatsApp users could not reasonably have anticipated that by selecting a pro-privacy messaging service, they would subject their data to Facebook’s data collection practices,” reads the filing.

7. Indian acid attack survivor ‘Laxmi’ has been honoured with International Women of Courage Award by Michelle Obama for campaign against acid attacks on women in India.   
She was permanently defaced in an acid attack at the young age of 16 in Delhi.

8. R.Neelakantan has been appointed as Chief Financial Officer of low-cost airline SpiceJet.   
He will replace Sam Isaac as such.

9. Saina in quarterfinals of the All England Championship

India’s top badminton star Saina Nehwal laboured past American Beiwen Zhang in testing three games to reach the women’s singles quarter-finals of the All-England badminton championships in Birmingham.

10. 27th Federation Cup Volleyball championship

Tamil Nadu captures the men’s title by thrashing services 25-21, 25-19, 25-19 in the final.  Railways clinches the women’s title by beating Kerala.ttrakhand and Tamil Nadu wins the bronze medal in men’s and women’s category respectively.

11. Tamil Nadu secures the men’s title by trumping Punjab 74-57 in the final of the 64th National Basketball Championship. 
The women’s title went to Chhattisgarh who pipped Indian Railways 81-77.

86th Academy Awards / Oscar Awards Winners List 2014

Oscar Awards 2014 winners

Best Picture – 12 Years a Slave
Best Actor in a Leading Role – Matthew McConaughey (Dallas Buyers Club)
Best Actress in a Leading Role – Cate Blanchett (Blue Jasmine)
Best Actor in a Supporting Role – Jared Leto (Dallas Buyers Club)
Best Actress in a Supporting Role – Lupita Nyong’o (12 Years a Slave)
Best Animated Feature – Frozen (Chris Buck, Jennifer Lee, Peter Del Vecho)
Best Cinematography – Gravity (Emmanuel Lubezki)
Best Costume Design – The Great Gatsby (Catherine Martin)
Best Directing – Gravity (Alfonso Cuarón)
Best Documentary Feature Film – 20 Feet from Stardom (Nominees to be determined)
Best Documentary Short Film – The Lady in Number 6: Music Saved My Life (Malcolm Clarke, Nicholas Reed)
Best Film Editing – Gravity (Alfonso Cuarón, Mark Sanger)
Best Foreign Language Film – The Great Beauty (Italy)
Best Makeup and Hairstyling – Dallas Buyers Club (Adruitha Lee, Robin Mathews)
Best Original Score – Gravity (Steven Price)
Best Original Song – Let It Go – Frozen
Best Production Design – The Great Gatsby (Catherine Martin, Beverley Dunn)
Best Animated Short Film – Mr. Hublot (Laurent Witz, Alexandre Espigares)
Best Live Action Short Film – Helium (Anders Walter, Kim Magnusson)
Best Sound Editing – Gravity (Glenn Freemantle)
Best Sound Mixing – Gravity (Skip Lievsay, Niv Adiri, Christopher Benstead, Chris Munro)
Best Visual Effects – Gravity (Tim Webber, Chris Lawrence, Dave Shirk, Neil Corbould)
Best Adapted Screenplay – 12 Years a Slave (John Ridley)
Best Original Screenplay – Her (Spike Jonze)

Daily Current Affairs Updates For Bank and SSC Exams Dt: 01-03-2014

1 March 2014 Current Affairs Updates For Bank and SSC Examinations

1. Subrata custody in guest house

Sahara India Group chief, Subrata Roy was arrested in Lucknow Friday morning after evading arrest following the Supreme Court warrant against him for not appearing in court in a case regarding his alleged failure to return investors’ money.

Mr Roy was arrested at Sahara Shaher at 10.40 am after he called the police and said he was willing to surrender. Mr Roy was kept at Sahara Shaher for almost seven hours before being produced in court at 5.30 pm.
The police took Mr Roy to a well-furnished guest house on the picnic spot road, and sources said he will stay here till he is taken to New Delhi by the UP police on March 4.

2. Oil Marketing Companies delink LPG, Aadhaar

Oil Marketing Companies issued instructions to all LPG gas dealers to delink Aadhaar-LPG to supply domestic cylinders. The circular has come as a big relief to consumers who were waiting for it ever since the Centre took a decision on January 30.

However, according to dealers, the delinking will come into force by March 8 due to some ‘technicalities’ with regard to issuance of bills at the dealer level. “We got the circular delinking Aadhaar-LPG. It will take a week for it to come into force,” said D. Ashok Kumar, president, Greater Hyderabad LPG Dealers’ Association.

3. Petrol and diesel prices hiked

Petrol price was hiked by 80 paise a litre in the city on Friday, the second increase this year, and diesel by 62 paise per litre, the 14th hike since January 2013. The hikes, effective from midnight, are including local sales tax or VAT. The actual increase in the price will be higher and will vary from city to city.

Petrol price, which was last hiked on January 4, will cost Rs 79.91 a litre in Hyderabad from midnight, up 80 paise from Rs 79.11 at present. The price of diesel will be hiked by 62 paise, including tax, to Rs 60.45 per litre in city.

4. Airport: HC refuses to extend interim injunction from proceeding over RFQ

Madras High Court today said it would not extend the interim injunction granted from proceeding any further over Request for Qualification (RFQ) invited from private parties for management of Chennai Airport.

5. Government approves Rs 1,000 minimum monthly pension

Government on Friday approved the proposal to ensure Rs 1,000 minimum monthly pension under a scheme of retirement fund body EPFO that would immediately benefit 28 lakh pensioners.

6. Mission document on National Mission for sustaining Himalayan Ecosystem approved

Union Cabinet of India on 28 February 2014 approved the Mission document on the National Mission for sustaining the Himalayan Ecosystem (NMSHE). This mission has been launched under the National Action Plan on Climate Change (NAPCC) and the budget for implementation of the mission will be 550 crore rupees during 12th Five Year Plan period.

7. PK Mohanty stays as Chief Secretary, IYR goes on leave

The Centre has extended the tenure of chief secretary P.K. Mohanty, who was due to retire on Friday, by four months.

The decision came after Governor E.S.L. Narasimhan recommended that it was essential to retain Dr Mohanty to complete the formalities of the state’s division. After repeatedly announcing that he would not stay in office after attaining superannuation age, the CS changed his mind.

The extension created ripples in state bureaucratic circles with chief commissioner of land administration I.Y.R. Krishna Rao, the next in line to be the CS, going on leave to convey his protest.

8. Union Ministry of Environment & Forest approved field trials for GM crops

Union Ministry of Environment & Forest approved field trials for Genetically Modified (GM) crops rice, wheat, cotton and maize on 26 February 2014. Ministry of Environment & Forest cleared Genetic Engineering Appraisal Committee’s (GEAC) decision to allow gene modification field trials for food crops.

9. Chandi Prasad Bhatt selected for Gandhi Peace Prize 2013

Chandi Prasad Bhatt, the noted Gandhian environmentalist and social activist was selected for the Gandhi Peace Prize for the year 2013 on 28 February 2014.

10. Tirupati laddu wins Geographical Indications battle

Tirumala Tirupati Devasthanams is all set to successfully enforce its Geographical Indications Rights for the Tirupati laddu, which is the prasadam of the Lord. So popular are the Tirupati laddus among the devotees, that small sweet shops across South India try to cash in on the sentiments by selling laddus with names similar to the Tirupati laddu.

The temple administration had been trying to enforce its rights under the Geographical Indications, which was facilitated by CII’s AP Technology Development and Promotion Centre and was accorded in September 2009. However, in 2013, when the TTD came to know that Ganga Sweets in Chennai was making laddus similar to the Tirupati laddu and advertising for the same through its website, the TTD filed a civil suit in the Madras HC, seeking to restrain the Ganga Sweets and others from using the name ‘Tirupati Laddu’. TTD maintained that it was the original manufacturer of the Tirupati laddu for which it was granted GI protection. On February 25, 2014, the Madras HC passed an order decreeing the suit, confirming the rights of a registered GI.

11. India Russia to conclude deal on two Kudankulum reactors

India and Russia on Wednesday agreed to conclude at an early date the general framework agreement on reactors 3 and 4 of the Kudankulam nuclear power project in Tamil Nadu, official sources said.

The “general agreement” concerning the reactors was reached during the India-Russia Inter-Governmental Commission meeting chaired by External Affairs Minister Salman Khurshid and Russian Deputy Prime Minister Dmitry Rogozin in Delhi.

The meeting also focused on nuclear, space, energy and economic cooperation.

The two sides discussed the possibility of Russia being the partner in the India International Trade Fair in 2015 and agreed that the India Trade Show to be held in Moscow in September this year would be an appropriate opportunity for major tie-ups for businesses of both sides.

The possibility of export of Indian bovine meat to Russia was also an item of discussion, the sources said.

12. Ferrer retires in Mexico, Murray into semis

Top-seeded David Ferrer withdrew from his Mexican Open quarterfinal against South Africa’s Kevin Anderson in the second set on Thursday due to a left thigh strain. Ferrer’s exit leaves Andy Murray as the big favorite to win the Mexican Open 500.

28 February 2014 Current Affairs For SSC and All Competitive Exams

1.  Sonia to go in for president rule in Andhra

AICC general secretary and state party affairs in-charge Digvijay Singh hinted on Thursday that the Central Cabinet would impose President’s Rule in Andhra Pradesh.

Congress president Sonia Gandhi met Mr Singh, Union home minister Sushilkumar Shinde and her political secretary Ahmed Patel, on Thursday, to take stock of the situation after the resignation of Chief Minister N. Kiran Kumar Reddy.

AICC leaders were of the opinion that in the present situation, imposing President’s Rule in the state will be the better option.

Sonia Gandhi agreed and gave the green signal for imposing President’s Rule in the state. After the meeting, Digvijay Singh told the media that the Central Cabinet will take a final decision on Friday.

When asked about the merger of the Telangana Rashtra Samiti with the Congress, Mr Singh said, “We have confidence and believe KCR’s word, what he told us in the past about merging the TRS with the Congress.”

2. AAP to field Rajmohan Gandhi from East Delhi

Mahatma Gandhi’s grandson and noted academic, Rajmohan Gandhi, will be the Aam Aadmi Party’s (AAP) candidate from East Delhi Lok Sabha constituency, a seat currently held by Sandeep Dikshit, son of the former Delhi Chief Minister Sheila Dikhsit.

3. Gujarat, UP, MP netas join Jayalalithaa

Signalling its pan-India expansion, members of various parties from Uttar Pradesh, Madhya Pradesh and Gujarat joined ruling AIADMK on Thursday in the presence of party supremo and Tamil Nadu Chief Minister Jayalalithaa.

A total of 201 leaders and members of parties such as Congress, Samajwadi Party and JD(U) from Gujarat, Uttar Pradesh and Madhya Pradesh received AIADMK membership cards from Ms Jayalalithaa at the party headquarters here, an AIADMK release said.
UP JD(U) unit general secretary Rakesh Kumar, NCP leader Yogendra Kumar Pandey, SP Muzaffarnagar district secretary Bhopal Shaini and UPCC member Sanjay Shaini were among those who joined the AIADMK and the initiative for this was taken by RS MP V. Maithreyan, it said.

The development comes amid calls for a larger national role for Ms Jayalalithaa after the LS elections and days after she unveiled her party’s manifesto assuring to raise I-T exemption limit to Rs 5 lakh and extension of freebies to the entire country.

4. Country’s first post office savings bank ATM

Union Finance Minister P. Chidambaram on Thursday inaugurated the country’s first post office savings bank ATM at the Head Post Office in Thyagaraya Nagar, Chennai. The ATM was part of an Information Technology (IT) modernisation project of the Department of Posts.

A total of Rs. 4909 crore had been allotted for the modernisation in the interim budget by Mr. Chidamabaram. This the Core Banking Solutions (CBS) scheme would benefit as much as 1,55,000 post offices. The launching of the ATM was a step towards making the department a completely technology oriented one.

The ATM would run on a trial basis for six months. Afterwards, it would become an interoperable where cards of other banks could be used.

Keeping in view the future of post offices in the IT era where sending letters and post cards had become a rarity, the department was inventing new strategies to keep itself on the growth trajectory. For parcel services, people still preferred the post office.

Secretary of Department of Posts Padmini Gopinath said about 2800 such ATMs would be installed by end of 2015. Sixty-two post offices covering 64 lakh accounts had already migrated to CBS and over 26,840 post offices will adopt CBS by 2016. All account holders will be provided with an ATM card. The postal department was also toying with the idea of starting e-commerce services in rural areas to improve its earnings.

5. ICICI Bank launches ‘branch on wheels’ in Odisha

ICICI Bank today launched ’branch on wheels’ in Odisha as part its financial inclusion plan to provide banking services in remote villages in the state which are devoid of banking facilities.

6. Indian Navy Chief Resigns

Indian Navy Chief Adm. D.K. Joshi has resigned, claiming “moral responsibility” for the Feb. 26 fire of a Russian-made Kilo-class submarine, INS Sindhuratna. The government accepted the resignation with immediate effect.

7. Dinesh Sarraf appointed next ONGC chief

Dinesh Sarraf appointed as next Chairman and Managing Director (CMD) of Oil and Natural Gas Corporation (ONGC).

8. Turkish President approved the bill restricting the judicial powers

Turkish president Abdullah Gul approved the bill on restricting the judicial powers on 26 February 2014. This bill is about curbing the independence of the judicial powers.

The bill will give more control to the Justice ministry in comparison to the Supreme Board of Judges and Prosecutors. This body is an independent body which deals with the appointment of the judiciary.

In another development, the Turkish parliament approved another bill putting restrictions on internet. The law would permit the telecommunication authority to close the websites for violation of privacy. However, the authority would still need court’s approval within 24 hours. The authority would also have to obtain a court order to access records of user activity.

9. Sourav Kothari won the National Billiard Championship title

ourav Kothari won the National Billiard Championships held in Lucknow on 26 February 2014. He beat Alok Kumar by 5-3. This is the first maiden title for Saurav Kothari since he turned professional in 2007.

Sourav Kothari and Alok Kumar both play for Petroleum Sports Promotion Board (PSPB).

Third position was secured by B. Bhaskar who beat Dhruv Sitwala.

25 February 2014 Current Affairs for SSC and Bank Exams

25-02-2014 Current Affairs Updates for SSC CGL and Bank Exams

1. Indira Paryavaran Bhawan inaugurated by Prime Minister

Manmohan Singh, the Prime Minister of India on 25 February 2014 inaugurated Indira Paryavaran Bhawan on Jorbagh Road, New Delhi. This Bhawan will house the Ministry of Environment and Forest and has a provision to accommodate its 600 officials.

The Bhawan is India’s first on site Net Zero Building built by the adoption of Solar Passive design and energy efficient building material. This has been designed as the highest-green rated building i.e., GRIHA 5-Star and LEED India Platinum. The requirements of GRIHA 5-Star and LEEDS Platinum ratings have been achieved by adopting various measures some of which are as follows

• Effective Ventilation has been achieved by orientating the building in an East-West direction, separating different blocks with connecting corridors and having a large central court yard.

• The design is such that 75% of natural daylight is utilised to reduce energy consumption.

• The entire building has an access friendly design for differently-abled persons.

• With an Installed capacity of 930 KW peak power, the building has the largest roof top Solar system among Multi storied buildings in India.

• Total energy savings of about 40% has been achieved by adoption of energy Efficient Chilled Beam system of Air Conditioning. This is an innovative air conditioning system, where air conditioning is done by convection currents rather than air flow through diffusers and chilled water is circulated right up to the diffuser points unlike the conventional systems.

• Green materials have been used like Fly ash bricks, regional building materials, materials with high recycled content, high reflectance terrace tiles and rock wool Insulation of outer walls.

• Rapidly renewable Bamboo Jute Composite material has been used for door frames & shutters.

• UPVC windows with hermetically sealed double glass, Calcium Silicate ceiling tiles having high recycled content and grass paver blocks in pavements and roads.

• Reduction in water consumption has been achieved by use of Low discharge water fixtures, recycling of waste water through Sewage Treatment Plant, use of plants with Low water demand in landscaping, use of Geothermal cooling for HVAC system, rain water harvesting and use of curing compounds during construction

This project has been developed at an expense of about 209 crore rupees. The Indira Paryavaran Bhavan building has already received the following awards:

• February 2013: The Project received an award from Adarsh/GRIHA of MNRE for exemplary demonstration of Integration of Renewable Energy Technologies

• January 2014: The Project was accorded 5-Star Green Building Certification by GRIHA under MNRE

2. Nokia to use Android operating system of Google

Nokia announced to launch new series of handset with the use of Android on 25 February 2014. Nokia will switch to Smartphone that use Google’s Android operating system rather than the Windows Phone software from Microsoft.

3. Ugandan President signed anti-gay bill

The Ugandan President Yoweri-Museveni signed anti-gay bill on 24 February 2014 which imposes tough penalties for homosexual acts.

4. Egypt’s Interim Prime Minister Hazem El-Beblawi resigns with his cabinet.

He, an Army appointee, had come to power after ex-president Mohamed Morsi’s government was deposed by the Army amidst escalating mass protests against his rule last July. The country has been in constant state of political flux since the outbreak of Arab Spring.

5. Jayant Vishnu Narlikar to receive Y Nayudamma memorial award 2013 for his notable contributions in astronomy and astrophysics.

The annual honour is awarded to scientist and technologist for their worthy contributions. Its named after acclaimed leather technologist and scientist Nayudamma.

6. KCR meets PM

TRS chief K Chandrashekhar Rao met Prime Minister Manmohan Singh on Tuesday to thank him for getting the Telangana Bill passed in Parliament and also discussed issues related to the new state.
Emerging out of the meeting, TRS leader and MP Manda Jagannath said the “purpose of the visit was first to thank the Prime minister for the initiative”.

He said Rao and other leaders raised issues like shortage of power in Telangana, creating an AIIMS-like institution in the state, gas allocation and also sought the central government’s help in maintaining the world class image of Hyderabad city.

“Any merger or alliance (between TRS and Congress) will take place in due time depending on the issues discussed and agreement reached,” Jagannath said.

7. Jaya releases party manifesto for LS polls

A day after declaring the list of candidates for the Lok Sabha polls, AIADMK supremo and Chief Minister Jayalalithaa on Tuesday released the party’s manifesto for the elections, promising development of the state and in the country.

“In the election manifesto of AIADMK, we have spelt out many policies and promises to implement schemes aimed at not only the development and growth of Tamil Nadu but the development and growth of Indian nation,” she said.

Jayalalithaa released the manifesto here at AIADMK headquarters a day after she announced candidates for all 39 Lok Sabha Seats in her state besides the lone Puduchery constituency.

8. No more marriages in party offices: Kerala High Court

Kerala High Court has held as invalid marriages conducted at the offices of CPI(M) and other political parties. The ruling in this regard was passed on Monday by a division bench comprising justices Antony Dominic and Anil K Narendran on a habeas corpus petition filed by the father of a young woman seeking custody of his daughter, who went missing on February 10.

The police produced the woman and informed the court that she had got married on February 19 at the CPI(M) local committee office at Nedumudi in Kuttanad.

The bench then held that the marriage was not legally valid as it should either be solemnised before a marriage officer appointed under statutory provisions or as per religious rites.

Marriages held at the office of the political parties should not be allowed to be registered under the Kerala Registration of Marriages (Common) Rules 2008, the bench held and directed the Secretary of state and Local-self Government department to issue appropriate directions to their subordinates to prevent such practices.

9. Somdev Devvarman captures his 3rd ATP men’s singles tennis title demolishing Aleksandr Nedovyesov 6-3, 6-1 in the final held in Delhi.

It was his fourth Challenger level final.
1st Title: Lexington (US) in 2008
2nd Title: Izmir (Turkey) in 2010

10. Del Potro retires with wrist injury in Dubai

Second-seeded Juan Martin del Potro retired in his first-round match against Somdev Devvarman of India after losing the first-set tiebreaker 7-6 (3) at the Dubai Championships on Tuesday.

Daily Current Affairs Updates For SSC CGL Exams Dt: 24-02-2014

1. RIL Contract can’t be Terminated: Moily to Prime Minister

Amidst controversy over gas price hike, Oil Minister M Veerappa Moily has told Prime Minister Manmohan Singh that Reliance Industries’ contract for KG-D6 gas fields cannot be terminated pending arbitration on issue of output lagging targets.

Moily in a 13-page letter to the Prime Minister explained the process, the contractual requirement and the steps followed for raising natural gas prices from April 1, without which several gas fields of both private sector firm RIL and state-owned ONGC would be economically unviable to produce.

Rebutting allegations by the AAP and its leader Arvind Kejriwal that the price increase was done to benefit RIL, Moily on February 14 wrote to Singh saying ONGC’s average cost of producing natural gas was about USD 3.6 per million British thermal unit in 2012-13 and its newer finds in deepsea cost more than current rate of USD 4.2.

Public sector firms ONGC and Oil India Ltd (OIL) account for about 80 per cent of India’s gas production and will be the major beneficiary of gas rates going up from USD 4.2 to USD 8.

2. AAP’s credibility undermined by ‘cut and run’ strategy: Manish Tewari

A day after Arvind Kejriwal accused a section of media of bias, I&B minister Manish Tewari today said Aam Admi Party had failed to take the heat of media scrutiny after it chose to form a government and had undermined its credibility with its ‘cut and run’ strategy. He also took an aim at the BJP and its prime mnisterial candidate Narendra Modi, accusing them of being intolerant.

3. Bureaucracy tried to cook up something: General V K Singh over troop movement

Amidst a fresh controversy over movement of Army units towards Delhi in 2012, former Army Chief Gen V K Singh on Monday said the bureaucracy had tried to ‘cook up’ something even though it was a routine exercise.

To buttress his point, he cited a statement given by former DGMO Lt Gen A K Choudhary who had been called by the then Defence Secretary to explain the troop movement. “DGMO has clearly said that it was a routine exercise…he was called at night, why was he called and for what reason…on the other hand our political leadership has made it clear that nothing was wrong. So, it means something was being cooked up within the bureaucracy. I have already said it is a fable of sick mind,” Singh told reporters.

4. Sochi Olympics end

Flushed with pride after its athletes’ spectacular showing at the costliest Olympics ever, Russia celebrated Sunday night with a visually stunning finale that handed off a smooth but politically charged Winter Games to their next host, Pyeongchang in South Korea.

Russian President Vladimir Putin, these Olympics’ political architect and booster-in-chief, watched and smiled as Sochi gave itself a giant pat on the back for a Winter Games that IOC President Thomas Bach declared an “extraordinary success.”

The crowd that partied in Fisht Olympic Stadium, in high spirits after the high-security games passed safely without feared terror attacks, hooted with delight when Bach said Russia delivered on promises of “excellent” venues, “outstanding” accommodation for the 2,856 athletes and “impeccable organization.” The spectators let out an audibly sad moan when Bach declared the 17-day Winter Games closed.

“We leave as friends of the Russian people,” Bach said.

5. Jaya to launch Lok Sabha polls campaign from Kanchi

AIADMK on Monday announced that party general secretary and Chief Minister Jayalalithaa would begin the election campaign for Lok Sabha polls on March 3 from Kanchipuram, about 70 km from here.

6. Who coined ‘Jai Hind’?

Many believe that Subhash Chandra Bose coined the slogan ‘Jai Hind’ but a book on legends and anecdotes of Hyderabad says it was first used by a man from that city who gave up his engineering studies in Germany to become Netaji’s secretary and interpreter.

In his book “Lengendotes of Hyderabad”, former civil servant Narendra Luther presents a number of interesting articles, based on documentary evidence, interviews and personal experiences, on the city that is much celebrated for its romantic origin and composite culture.

One interesting titbit is on the origin of the slogan ‘Jai Hind’. According to the author, it was coined by Zain-ul Abideen Hasan, son of a collector from Hyderabad, who went to Germany to study engineering.

During World War II, Netaji had escaped to Germany to canvass support for an armed struggle to liberate India, Luther says.

“He addressed meetings of Indian prisoners of war and other Indians exhorting them to join him in his struggle. Hasan met him and inspired by his patriotism and spirit of sacrifice, he told him that he would join him after finishing his studies.

“Netaji taunted him that if he was worried about small things like these, he could not take up big causes. Stung by that rebuke, Hasan gave up his studies and became Netaji’s secretary and interpreter,” the book, published by Niyogi, says.

Hasan became a major in the INA and participated in the march from Burma (now Myanmar) across the Indian frontier. The army reached Imphal. It was severely handicapped in supplies and armaments and so had to retreat, the author says.

7. India and Canada signed three MoUs

India and Canada on 24 February 2014 signed three MoUs for cooperation in health sector, audio-visual co-production and skill development. At present David Johnston, the Governor General of Canada is on a nine day visit (22 February 2014 to 2 March 2014) to India and this visit is the first by a Canadian Governor General since 1998.

These MoUs were signed after talks between Manmohan Singh, Prime Minister of India and David Johnston in New Delhi.

Features of the three MoUs
• The MoU between the Department of Biotechnology and Grand Challenges Canada would address the global health challenges especially women and child healthcare
• The audio-visual cooperation MoU is aimed at co-production in the field of film and Television. This MoU will enable Indian and Canadian film producers to utilize a platform for collaboration on various facets of film making. The agreement is expected to deepen the engagement between the critical sectors of the film industries of both countries there by, providing a new chapter of collaboration. This agreement was signed by the Secretary Information and Broadcasting, Bimal Julka and Stewart Beck, High Commissioner of Canada to India.
• Under the MoU on skill development, the two organisations namely National Skill Development Corporation and Association of Canadian Community College for Skill Development will facilitate exchange and learning

Other similar agreements in the field of audio-visual co-production signed by Indian government are
• In 2005 signed an agreement with Italian government
• In 2005, the Indian government also signed similar agreements with Government of United Kingdom of Great Britain and Northern Ireland
• In 2007 it signed an agreement with Germany and Brazil
• In 2010 with France
• In 2011 with New Zealand
• In 2012 with Poland and Spain

8. Bayern Munich set to be officially declared as Bundesliga champions in March

Bayern Munich are on course to break yet another Bundesliga record by being crowned German champions in March after opening a 19-point lead at the top of the table.

9. American woman tennis ace Serena Williams heads WTA Top 10 Rankings chart

Germany’s Angelique Kerber and Simona Halep of Romania both moved up two places in the WTA world top 10 rankings, with Petra Kvitova of the Czech Republic slipping down three spots.

Serena Williams continues to dominate the rankings and is nearly a massive 6,000 points clear of second ranked Li Na of China despite going out in the semi-finals in Dubai last week to Alize Cornet of France.

Sister Venus, who won the title in Dubai, her first tournament triumph in 16 months, gained 15 places to stand at 29th.

WTA Top 20 rankings

1. Serena Williams (USA) 12,660 pts

2. Li Na (CHN) 6,795

3. Agnieszka Radwanska (POL) 5,705

4. Victoria Azarenka (BLR) 5,681

5. Maria Sharapova (RUS) 5,206

6. Angelique Kerber (GER) 4,490 (+2)

7. Simona Halep (ROM) 4,435 (+2)

8. Jelena Jankovic (SRB) 4,380 (-1)

9. Petra Kvitova (CZE) 4,365 (-3)

10. Sara Errani (ITA) 4,195

11. Caroline Wozniacki (DEN) 3,185

12. Ana Ivanovic (SRB) 3,155

13. Dominika Cibulkova (SVK) 3,056

14. Roberta Vinci (ITA) 2,940

15. Carla Suarez Navarro (ESP) 2,725 (+1)

16. Sabine Lisicki (GER) 2,650 (-1)

17. Samantha Stosur (AUS) 2,605

18. Sloane Stephens (USA) 2,415

19. Eug?nie Bouchard (CAN) 2,365

20. Kirsten Flipkens (BEL) 2,285

IMF: 2014-15 India’s Economic Growth Is 5.4 %

International Monetary Fund (IMF) Announced Annual Report of India’s economic growth for 2014-15 will be 5.4 percent

International Monetary Fund (IMF) on 20 February 2014 released its annual report on the state of the Indian economy and projected that India’s economic growth for 2014-15 will be 5.4 percent. In its release it said that India has restored macroeconomic and financial stability but structural impediments to growth and persistently high inflation is the major areas of concern. It has also suggested India to strengthen its inflation management policies and do away with supply bottlenecks for better GDP.

In its forecast, IMF (multilateral agency) said that inflation driven food prices seems to remain near double digits in 2014-15. It also said that the tight monetary policy would slow the growth recovery. In its forecast for the fiscal year 2013-14, it projected that India’s growth will be 4.6 percent and will pick up to 5.4 percent in 2014-15 at factor cost. These projections of India were a conclusion of its annual discussions with India.

India’s National Food Security Act has been described by IMF as landmark legislation which will ensure that a majority of population of the country will have access to adequate quantities of food at affordable prices. IMF also said that the Consumer Price Index (CPI) could push up due to weaker rupees and ongoing energy price increases.

To tackle price rise, IMF has asked the high Inflation countries of G20 nations like India to strengthen their fiscal and monetary policy framework. For G20 countries, IMF has also asked to better their supply infrastructure, which will help in doing away bottlenecks to achieve faster growth poverty reduction and job creation.

The G20 leaders’ meet will start in Sydney on 22 February 2014.

Earlier on 17 February 2014, the Union Finance Minister of India, P Chidambaram in his interim budget projected that the economy will pick up and the objective of 6 percent growth is doable in the fiscal year 2014-15. RBI appointed committee has also suggested focus of the central bank should be towards CPI inflation and its recommendation it has asked to bring down the CPI inflation to 8 percent in 2014-15 and to 6 percent by 2016.

About the International Monetary Fund (IMF) :
The International Monetary Fund (IMF) is an organization of 188 countries and is working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world. It is headquartered in Washington, US. The IMF has played a part in shaping the global economy since the end of World War II.
IMF PRESIDENT – CHRISTINE LAGARDE