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Showing posts with label June 2015. Show all posts
Showing posts with label June 2015. Show all posts

Jul 18, 2015

[CA] April - June 2015 (Important Points in One line/GK Tivia)


One Line Fodder [April – June 2015]

·        TRAI recommends 112 as nationwide emergency number; Just JS Verma Committee favoured nationwide emergency number
·        20 new products in GI tags; number of GI tags increased to 235
·        Tourist Visa on Arrival scheme now changed as e-Tourist Visa [Union Home Ministry]
·        Union Government appointed a committee to look up the issues in interlinking of rivers in India [committee to be headed by BN Navalawala]
·        Union Government decided to transfer training and apprentice divisions of the Directorate General of Employment and Training (DGET) from the Union Labour Ministry to Ministry of Skill Development and Entrepreneurship.
·        State Government of Kerala launched Subodham project, to help people in the state to overcome addiction to liquor
·        Odisha Government launched a cheap meal scheme Aahar for providing subsidised food to urban poor.
·        Bharatiya Mahila Bank won the Asian Banker Achievement Award 2015
·        Hindi film actor Anil Kapoor was conferred with the prestigious Pandit Dinanath Mangeshkar Award 2015
·        Indian-origin diplomat Gopinath Pillai awarded the Outstanding Service Award for his services in Singapore by the National University of Singapore (NUS).
·        Narendra Modi conferred the 50th Jnanpith Award on eminent Marathi litterateur Bhalchandra Nemade
·        Former Union Finance Minister and veteran BJP leader Yashwant Sinha was conferred with the Officier de la Légion d’Honneur (Officer of the Legion of Honour) in recognition of his valuable contribution to thought on international issues
·        Sangeeta Bhatia, an Indian-origin scientist at the Massachusetts Institute of Technology (MIT), won the prestigious 2015 Heinz Award in the Technology, the Economy, and Employment category
·        Microsoft’s Indian-origin CEO Satya Nadella was honoured with the White House Champions of Change
·        Indian Army conducted exercise "Akraman" in Rajasthan
·        A minor planet (4358) is named after Vishwanathan Anand
·        Asteroid 316201 was named after Malala
·        The Supreme Court of India (SC) appointed Vivek Priyadarshi to head the team probing the Indian Premiere League (IPL) scandal
·        New Zealand cricket team captain Brendon McCullum was conferred with the Sir Richard Hadlee Medal for 2014-15.
·        Apurvi Chandela has become the second Indian shooter to be qualified to represent India in the 2016 Summer Olympic Games to be held in Rio de Janeiro, Brazil. [first being Jitu Rai]
·        Japanese bullet train Maglev created a new world speed record of 603 kilometer per hour (kmph) in a test run near Mount Fuji.
·        Palestine joins ICC (International Criminal Court)
·        The world's first legally approved HIV self-test kit that reveals results in 15 minutes has gone on sale in Britain
·        The Haryana Government issued a notification that forests in Aravalli ranges are not a forest.
·        Satyam founder Ramalinga Raju gets 7 years jail term for corporate scam
·        Seoul – Global Earth Hour capital 2015; Thane – national Earth Hour capital 2015
·        The fourth Lighthouse Museum of India was opened at Kannur, Kerala to promote lighthouse tourism. The other three lighthouses museums have been set up at Alappuzha in Kerala, Chennai and Mahabalipuram in Tamil Nadu
·        The New York Times won two prestigious Pulitzer prizes for coverage of the Ebola outbreak in West Africa.
·        Pratap Singh, a 15-year-old Indian-origin schoolboy in the United Kingdom, was awarded with the 500 pounds Institute of Physics (IOP) Prize.
·        G.K. Reddy Memorial National Award to late veteran journalist Vinod Mehta.
·        14 year old Karan Menon, Indian-American student, has won the prestigious National Geographic Bee award.
·        At the 8th US National Scripps Howard Spelling Bee championships, two Indian-American kids Vanya Shivshankar and Gokul Venkatachalam were jointly declared winners. It marked the eighth consecutive year that Indian-American students have taken the title starting from the year 2008 onwards.
·        An Indian-origin teacher Gurnimrat Nimmy Sidhu named for University of Oxford Inspirational Teacher Award
·        Belgium’s most prestigious and largest university in the city of Leuven, 26 km from Brussels, has honoured India’s world renowned poet, artist and humanist Rabindranath Tagore by erecting his statue in the university premises.
·        “Namaste Russia” festival in Moscow
·        Indian Air Force (IAF) Mirage -2000 Lands at Yamuna Expressway
·        Jordan has kicked off a military exercise (Eager Lion Military Drill) with some 10,000 participants from 18 countries, many members of a U.S.-led military coalition against the Islamic State group, which controls much of neighbouring Iraq and Syria.
·        'Sardar Patel', the latest Naval establishment of Indian Navy, was commissioned at Porbandar, Gujarat
·        Indian Coast Guard (ICG) held Theera Veta defence exercise in Arabian Sea
·        New species of fish called Pethia Striata have been found by ecologists in Tunga river of Kudremukh National Park, Karnataka
·        Researchers from the National Oceanic and Atmospheric Administration (NOAA) discovered the world’s first fully warm-blooded fish species named Opah
·        Prime Minister Narendra Modi released commemorative coin on Swami Chinmayananda
·        Manabi Bandopadhyay became the first transgender principal of Krishnagar Women's College in Nadia district, West Bengal.
·        Punjab became the first state in India to issue Soil Health Cards to farmers.
·        Steffi Graf appointed as Kerala’s Ayurveda brand ambassador
·        Scientists named a newly discovered galaxy after Portuguese football player Cristiano Ronaldo. The galaxy was labeled as CR7 (COSMOS Redshift 7).  Cristiano Ronaldo is also known as CR7 after his initials and jersey number.
·        Forbes released the list of 2015 World's 100 Highest-Paid Athletes. The list has been topped by Floyd Mayweather and the only Indian to figure in the list is Mahendra Singh Dhoni.
·         
  




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Jul 15, 2015

[CA] Imp Events of April - June 2015 (Economics / Business)


Economics / Business
[April – June 2015]

Foreign Policy 2015-20
·        Foreign Policy 2015-2020 unveiled
·        MEIS (Merchandise Exports from India Scheme) and SEIS (Services Exports from India Scheme) launched
·        Increase exports to $900 bn by 2020
·        Raise India’s share in world exports from 2% to 3.5%

ING Vysya with Kotak Mahindra
·        RBI sanctioned the scheme of amalgamation of ING Vysya Bank Ltd. with Kotak Mahindra Bank Ltd
·        With this sanction, all branches of ING Vysya Bank will function as branches of Kotak Mahindra Bank
·        This approval of RBI for the merger deal would create Kotak as the country’s fourth largest private sector lender after HDFC Bank, ICICI Bank and Axis Bank in terms of market capitalisation
·        The deal is the first major bank takeover since Bank of Rajasthan was amalgamated with the ICICI Bank on 13 August 2010

Dena Bank and LIC on PMJDY
·        Dena Bank signed a Memorandum of Understanding (MoU) with Life Insurance Corporation (LIC) of India to provide insurance cover to all Aadhaar-linked savings account holders of the bank in the age group of 18 to 50 years.
·        The insurance cover will be provided under the Prime Minister’s Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJBY) scheme

Ajay Shankar Committee
·        The Union Ministry of Commerce and Industry formed an expert committee under the chairmanship of Ajay Shankar
·        To suggest simplified compliance for establishing new industries
·        The Expert Committee has been constituted for examining the possibility of replacing multiple prior permissions with pre-existing regulatory mechanism and to prepare draft legislation for this purpose.
  
GIFT
·        GIFT City abbreviated as Gujarat International Finance Tec-City hosted India’ first IFSC (International Finance Services Center) was launched by Finance Minister Arun Jaitley.
·        He also unveiled the rules and regulations that govern the IFSC’s. In the booklet released, the instructions for the IFSC’s were presented by RBI (Reserve Bank of India), SEBI (Securities and Exchange Board of India) and IRDA (Insurance Regulatory and Development Authority of India).

Forbe’s Global 2000 Companies list
·        First position by Industrial and Commercial Bank of China
·        Indian companies in the list (Reliance Industries at 142nd position, SBI at 152nd, Oil and Natural Gas ranked 183, Tata Motors (263), ICICI Bank (283), Indian Oil (349), HDFC Bank (376), NTPC (431), Tata Consultancy Services (485), Bharti Airtel (506), Axis Bank (558), Infosys (672), Bharat Petroleum (757), Wipro (811), Tata Steel (903) and Adani Enterprises (944).)

World’s top 10 consumer finance firms
(1) American Express                                 (6) Mastercard
(2) Capital One Financial                          (7) HDFC
(3) Visa                                                          (8) CIT Group of the US
(4) Discover Financial Services               (9) Taiwan’s Hua Nan Financial
(5) Orix                                                         (10) China’s Franshion Properties

A. P. Shah Committee
·        By Union Finance Ministry
·        To look into the issue of Minimum Alternate Tax (MAT) on Foreign Institutional Investors (FIIs).

New Bank Note paper unit
·        Inaugurated by Union Finance Minister
·        At Hoshangabad, Madhya Pradesh
·        With opening of this, India will become self-reliant in producing Bank Note Paper for big denominations.

RBI cuts Repo rate

Policy Rate of RBI – Key Rates
(As of June 04, 2015)
CRR
4.00
SLR
21.50
Repo
7.25
Reverse Repo
6.25
MSF
8.25
MSF=Repo + 1
Reverse Repo = Repo - 1


 









US becomes biggest oil producer in 2014, surpasses Saudi Arabia
·        The US overtook Saudi Arabia as the world’s biggest oil producer in 2014 by producing 15.9% more oil at 11.6 million barrels of oil per day to surpass Saudi Arabia’s 11.5 million bpd production.
·        Russia was on third place with 10.8 million bpd oil production, according to BP Plc’s Statistical Review of World Energy.
·        The US surpassed Russia as the world’s largest producer of oil and gas by producing 1,250.4 million tons of oil and oil equivalent natural gas as compared to Russia’s 1,062 million tons in 2014.
·        The shale oil revolution has helped US to reach this milestone.

RBI allows NRIS to invest in Chit funds
·        The Reserve Bank of India (RBI) has permitted NRIs to subscribe to the chit funds without limit on a non-repatriation basis.
·        However the subscription to chit funds should come through the normal banking channel, including through an account maintained with a bank in India

Task Force headed by D Swarup on Financial Redress Agency
·        Union Ministry of Finance constituted a Task Force on Financial Redress Agency (FRA).
·        The 10-member task force will be headed by Dhirendra Swarup who served as the first chairman of the Pension Fund Regulatory and Development Authority (PFRDA) in 2004.
·        The Task Force was set up to begin the preparatory work for FRA that was recommended by the Financial Sector Legislative Reforms Commission (FSLRC).
·        FRA would act as a unified redress agency for financial consumers across the country.

India among top 10 FDI recipients
·        In a statistic, that will bring cheer to the Modi government which is trying to kick start the investment cycle in the country, India after many years broke in to the top 10 FDI destinations of the world in 2014, according to UNCTAD in its World Investment Report 2015.
·        The last time India came in the top 10 list was in 2008.
·        India ranked 9th in 2014, with FDI inflows of $34 billion, a 22 per cent rise.
·        India was at the 15th position in the previous two years.
·        However, India is the only BRIC (Brazil, Russia, India and China) country that hasn’t yet crossed the $50 billion-a-year FDI mark.
·        UNCTAD said that until an MP is afraid to appear to encourage FDI or business in India, the high favourability ratings will not convert into high inflows and they will remain low.

Panels to facilitate GST rollout
·        Union Finance Minister Arun Jaitley has approved the formation of two committees to facilitate the implementation of the Goods and Services Tax (GST) from next April.
·        A steering committee will monitor the progress of consultations with stakeholders such as trade and industry and the training of officers.
·        The other committee, chaired by Arvind Subramanian, will recommend possible tax rates under the GST that would be consistent with the present level of revenue collected by the Centre and the States.

AIIB (Asian Infrastructure Investment Bank): 50 nations joined AIIB
·        Delegates of 50 countries signed the 60-article agreement that will lay the legal framework for the China-initiated Asian Infrastructure Investment Bank (AIIB). Australia was first to sign the agreement at the Great Hall of the People in the Chinese capital Beijing.
·        Out of the 57 founder-member countries, the remaining seven - Denmark, Kuwait, Malaysia, Philippines, Holland and South Africa and Thailand could not sign the agreement as it was not ratified by their respective domestic authorities. The agreement outlined the financial share of each member, policymaking, business and operational systems and governance structure of the AIIB.
·        China will contribute 29.78 billion US dollars of the bank's 100 billion US dollars capital base, becoming its largest shareholder with a 30.34 percent stake.
·        India will be the second-biggest shareholder at 8.4 percent, followed by Russia, which will have a 6.5 percent stake.


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Jul 13, 2015

[CA] Imp Events of April - June 2015 (Days/Summits and Themes)


Days – Summits [April – June 2015]

World Health Day
·        April 07
·        Theme: “From Farm to Plate, Make Food Safe
National Motherhood Day
·        April 11
·        Theme: “Nothing About Us Without Us
 World Haemophilia Day
·        April 11
·        Theme: “Building a Family of Support
World Heritage Day
·        April 18
National Civil Services Day
·        April 21
·        Theme: “Minimum Government. Maximum Governance
International Mother Earth Day
·        April 22
·        Theme: “It’s Our Turn to Lead
World Book & Copyright Day
·        April 23
·        Theme: “Read The World
·        World Book Capital for 2015 is Incheon, South Korea
National Panchyati Raj Day
·        April 24
World Malaria Day
·        April 25
·        Theme: “Invest in the Future. Defeat Malaria
World Press Freedom Day
·        May 03
·        Theme: “let journalism thrive! towards better reporting, gender equality, media safety in the digital age
World Asthma Day
·        May 05
·        Theme: “You can control your Asthma
·        Sub-Theme: “It’s time to control Asthma
National Technology Day
·        May 11
International Day of Families
·        May 15
·        Theme: “Men in Charge? Gender Equality and Children’s Rights in Contemporary Families
International Day for Biological Diversity
·        May 22
·        Theme: “Biodiversity for Sustainable Development
World Environment Day
·        June 05
·        Theme: “Seven Billion Dreams. One Planet. Consume With Care.
·        Host Country: Italy
World Ocean Day
·        June 08
·        Theme: “Healthy Oceans. Healthy Planet.
World Day Against Child Labour
·        June 12
·        Theme: “No to Child Labour – yes to equality education.
World Blood Donor Day
·        June 14
·        Theme: “Thank you for saving my life
World Refugee Day
·        June 20
·        Theme: “With courage let us all combine.
National Statistics Day
·        June 29

·        Theme: “Social Development.
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  Jan - March 2015 [Days/Summits]