DAILY UPDATED CURRENT AFFAIRS – 30.11.2014 TO 01.12.2014
DAILY UPDATED CURRENT AFFAIRS
Days
Bilateral
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26th World AIDS Day was observed across the
world on 1 December 2014 to raise awareness to
the Aids pandemic caused by the spread of the
HIV infection.
National
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The Union HRD Ministry is going to
change the 48 yr old existing education
policy by next year by a new education
policy. The Union HRD Member Smriti
Irani told the Govt. plan to change the 10,
+2, +3 system by the 8 + 4 + 3 pattern, with
emphasis on mother tongue, classical
language and vocational subject.
Supreme Court of India suggested that M.
Srinivasan and his team to stop down from
BCCI and not contest in the election to form
a new board.
As per Central Information Commission
(CIC) ruling medi-legal case report cannot
be strictly categorized as personal
information and should be declosed if
demanded by the vietim of any stage.
Maiduguri and Damaturu city in Nigeria
were in news as Boko Haram militants on 1
December 2014 attacked the cities killing at
least 5 people and wounding more than 40
people. Suicide attacks were made by two
female bombers.
The Border Security Force (BSF) celebrated
its 49th Raising day on 1 December 2014.
The force was raised on 1 December in
1965. Home Minister Rajnath Singh also
participated in the celebrations.
BSF will celebrate its Golden Jubilee year
from 1 December 2014 to 30 November
2015.
Union government on 1 December 2014
announced 28000 crore rupees package for
the development of North-East. The
announcement was made by the Prime
Minister of India Narendra Modi during his
visit to North Eastern States of India.
Chintagufa area of Sukma district in
Chhattisgarh on 1 December 2014 was in
news as Maoists killed more than dozen
CRPF personnel in an attack. Several others
were injured in the attack. The victims of
the attack were from the 223 battalion of the
CRPF.
India’s Best Institute for Banking, Railway & SSC
Prime Minister Modi declared that India
would go ahead with its land swap deal with
Bangladesh for a permanent solution to the
infiltration problem. There are III Indian
enclaves
inside
Bangladesh
and
51Bangladesh enclaves inside India.
The Parliamentary Standing Committee
(PSC) on External Affairs on 1 December
2014 tabled its report in Parliament.
In the report, the panel recommended to
introduce a bill to give effect to the Land
Boundary
Agreement
(LBA)
with
Bangladesh and end the 67-year old dispute
between the two countries.
International
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SAARC leaders from 8 South Asian
Countries meeting at Kathamandu in Nepal
agreed to built an economic federation on
15 yrs along with the energy cooperation
agreement signed there.
Singapore on 1 December 2014 announced
to adopt the Euro VI emission standards for
petrol vehicles from 2017. While, for diesel
vehicles Euro VI will apply from 2018.
The Prime Minister of Taiwan Jiang Yihuah on 29 November 2014 resigned after
election loss. He lost his first election since
protests erupted over a controversial trade
deal with mainland China.
South Korean fishing boat sank in the
Bering Sea off Russia's far-eastern
Chukotka peninsula on 1 December 2014.
One person died in the incident and atleast
54 are missing.
Awards
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1
At the 45th International Film Festival of
India (IFFI) of Panaji in Goa. Russian
director Andrey Zvyaginstev’s surrival
drama “Leviathon” won the Golden
Peacock Award and Marathi movie EK
Haazarachi note bagged the centenary
trophy for best film.
Film artist of Ireland Duncan Campbell on 1
December 2014 won Turner Prize 2014 for
a video called It For Others. The video
reflects on African art and includes a dance
sequence inspired by Karl Marx. He
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DAILY UPDATED CURRENT AFFAIRS – 30.11.2014 TO 01.12.2014
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received the prize of 25000 pounds at Tate
Britain in London.
The President of India Pranab Mukherjee on
1 December 2014 presented the Niryat
Shree and Niryat Bandhu Awards for
outstanding performance in exports for the
year 2010-11 and 2011-12 in New Delhi.
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Sports
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Australian cricketer Phillip Hughes died in
hospital two days after being struck by a
ball that caused massive head injury.
Two times World Championship Bronze
Medallist P.V. Sindhu lifter her first title
this season in Macau Grand prix Gold
Trophy defeating Kim Hyo Min of Korea in
the women’s.
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AP Maheshwari, IPS officer of the 1984
batch was appointed as Additional Director
General of the Border Security Force (BSF).
DK Pandey was appointed as Additional
DirectorGeneral of the Central Reserve
Police Force (CRPF). Pandey succeeded RK
Pachnanda.
RK Pachnanda was posted as Additional
Director- General (Airport) of Central
Industrial Security Force (CISF). He will be
looking after the security of 59 civil airports
in the country.
Ramesh P Singh, on promotion, was
appointed as Additional Director General of
BSF. He is also a 1984 batch IPS officer
from Odhisa cadre.
Persons in News
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Books and Authors
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Rajdeep Sardesai penned the book titled
2014: The Election That Changed India.
The book was released on 1 November
2014.
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Science & Technology
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Russia on 30 November 2014 launched the
new
generation
navigation
satellite
GLONASS-K from the Plesetsk space
centre
in
Russia’s
northwestern
Arkhangelsk
region.
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Environment
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Human induced industrial and agricultural
processes have significantly caused the
Ocean acidification. This fact was revealed
in a study titled Increasing anthropogenic
nitrogen in the North Pacific Ocean
published in latest issue of Science
Magazine on 28 November 2014.
Global warming will impact Polar Bear
population in Canadian Arctic Archipelago
by 2100. This was revealed by a study titled
Projected Polar Bear Sea Ice Habitat in the
Canadian Arctic Archipelago published in
the latest issue of Journal PLOS ONE. The
lead author of the study was Stephen G.
Hamilton from University of Alberta.
Miscellaneous
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Appointments
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Union Home Ministry on 1 December 2014
approved the appointment of OP Singh as
Director General of National Disaster
Response Force (NDRF).
India’s Best Institute for Banking, Railway & SSC
Former Arunachal Pradesh chief minister
Jarbom Gamlin died on 1 December 2014
following a brief illness at a hospital in
Gurgaon. He was 53.
Veteran
Bollywood
actor-comedian,
director and producer Deven Verma died on
2 December 2014 in Pune after a severe
cardiac attack and kidney failure. He was
78.
Pooja and Aarti, the two Rohtak sisters
in Rohtak to be honoured on Republic
Day by Haryana Government
They will be awarded on 26 January
2015 for display of courage in which they
thrashed three-molesters in bus
The Haryana government on 1 December
2014 announced that it will honour the two
sisters, Pooja and Aarti, who singlehandedly took on three molesters in a
moving bus. The two sisters will be
honoured and given cash awards on the
occasion of Republic Day, 26 January 2015
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India’s largest pharmaceutical company,
Ranbaxy Laboratories Limited, on 1
December 2014 launched arthritis drug
Infimab (BOW015).
Infimab is India’s first bio-similar of
infliximab drug. The product was launched
at the Indian Rheumatology Association
Conference (IRACON) in Chandigarh.
US-based major International Business
Machine (IBM) on 1 December 2014 signed
a ten-year, multi-billion dollar deal with
Dutch bank ABN Amro. The deal was
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DAILY UPDATED CURRENT AFFAIRS – 30.11.2014 TO 01.12.2014
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signed to provide computer infrastructure
services to ABN Amro running on its cloud
systems.
The Union Ministry of Corporate Affairs
(CA) on 1 December 2014 rejected a
proposal for reappointment of Vijay Mallya
as Managing Director (MD) of Kingfisher
Airlines which has remained grounded since
October 2012.
The United Breweries Limited Chairman
Vijay Mallya on 1 December 2014 resigned
as the Director of Mangalore Chemicals and
Fertilizers Ltd (MCFL) with immediate
effect.
Economy
Under the Pradhan Mantri Jan Dhan Yojana by
end of November 2014 7.64 cr. Bank accounts
have been opened out of which 5.74 cr. account
have no cash deposit. An amount of Rs. 6.015
cr. has been deposited in the remaining 1.9 cr.
accounts. The Finance Minister has raised the
target for opening PMJDY account to 10 cr. by
the 2015 Republic Day.
Banking
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The Govt. of India is planning to bring
down its share in the public sector banks to
52% which can fetch Rs. 89,120 or on
current market price.
The RBI said that the Govt. had decided to
withdraw the 20 : 80 scheme and other
restrictions on import of gold.
BSE market capitalisation crossed Rs. 100
on 28th November 2014 for the first time.
According to the Chairperson of Bharatiya
Mahila
Bank
(BMB).
Usha
Ananthasubramaniam the bank is targeting a
deposit base of Rs. 1000 or and loan of Rs.
800 or by end of March 2014 and increase
its branch network to 80.
India’s Best Institute for Banking, Railway & SSC
3
B – 61 A & B, (2nd floor) Janpath, Opp. R.D. Women’s College,
Saheed Nagar, Bhubaneswar,
Ph. : (0674) 6556677, 8093556677
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DAILY UPDATED CURRENT AFFAIRS – 30.11.2014 TO 01.12.2014
ECONOMY & BANKING
Existing
non-banking
finance
companies
(NBFCs), micro finance institutions (MFIs), and
local area banks (LABs) can also opt for
conversion into small finance banks.
The small finance banks will primarily undertake
basic banking activities of acceptance of deposits
and lending to un-served and underserved
sections, including small business units, small and
marginal farmers, micro and small industries and
unorganised sector entities.
However, RBI said, “There will not be any
restriction in the area of operations of small
finance banks.”
The small finance banks will be subject to all
prudential norms and regulations of RBI as
applicable to existing commercial banks, including
requirement of maintenance of Cash Reserve Ratio
(CRR) and Statutory Liquidity Ratio (SLR).
The small finance banks will be required to extend
75 percent of its adjusted net bank credit (ANBC)
to the sectors eligible for classification as priority
sector lending (PSL) by the RBI.
FIT AND PROPER CRITERIA
SMALL
PAYMENT BANKS
FINANCE
BANKS
Primarily
Objective is to further
undertake
basic financial
inclusion
by
banking activities providing
small
savings
to unserved and accounts/payments/remittance
underserved
services
sections.
Minimum capital MCR of Rs. 100 crore.
requirement
(MCR) of Rs. 100
crore.
Promoter’s
Promoter’s minimum initial
minimum initial contribution to capital shall at
contribution
to least be 40 percent.
capital shall at
least
be
40
percent.
Will be subject to Prudential norms of RBI as
all
prudential applicable
to
existing
norms of RBI as commercial banks will not
applicable
to apply.
existing
commercial banks.
There will not be Will be required to have at
any restriction in least 25 percent of physical
the
area
of access points in rural centres.
operations.
GDP growth disappoints
The economy slowed in the first full quarter of the
new government, growing at 5.3 percent against
5.7 percent in the previous April-June quarter.
Poor manufacturing performance which nearly
came to a grinding halt dragged down GDP
growth. Factory output grew 0.1 percent during
July-September against 3.5 percent in the previous
quarter, show data released by the Central
Statistics Office.
The pick-up in government’s clearances of
projects over the last six months did not show up
in the growth data. Capital formation growth, an
indicator of investment activity, remained low at
28.3 percent, falling marginally from 28.6 percent.
DIPPING NUMBERS
GDP GROWTH
5.3%
5.7%
CAPITAL
FORMATION
28.3%
28.6%
CONSUMPTION
EXPENDITURE
11.7%
13.4%
SOCIAL SERVICES
9.6%
9.1%
FARM SECTOR
3.2%
3.8%
Floor capital for small finance, payments banks
set at Rs. 100 cr
The Reserve Bank of India (RBI), issued final
guidelines for small finance banks and payments
banks, paving the way for mobile firms and
supermarket chains, among others, to enter the
banking arena to cater to individuals and small
businesses.
The minimum paid-up capital for these banks will
be Rs. 100 crore each.
The foreign shareholding will be in line with the
foreign direct investment (FDI) policy for private
sector banks.
Applications will be accepted till the close of
business as on January 16, 2015.
According to the RBI, the objective of setting up
of small finance banks will be to further financial
inclusion by provision of savings vehicles and
supply of credit to small business units, small and
marginal farmers, micro and small industries and
other unorganised sector entities, through high
technology-low cost operations.
Individuals/professionals with 10 years of
experience in banking and finance and companies
and societies will be eligible to set up small
finance banks.
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4
B – 61 A & B, (2nd floor) Janpath, Opp. R.D. Women’s College,
Saheed Nagar, Bhubaneswar,
Ph. : (0674) 6556677, 8093556677
Web : www.vanik.org, E-mail : vanikbbsr@gmail.com