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Friday, May 1, 2015

DAILY CURRENT AFFAIRS 30 APRIL & 1 MAY 2015

DAILY CURRENT AFFAIRS 30 APR & 1 MAY 2015
Shared By: WWW.DailyGk.IN
          
1. ONE BELT, ONE ROAD INITAITIVE BY CHINA’S NDRC:
i. China’s NDRC (National Development and Reform Commission) has released a new action plan One Belt, One Road Initiative.
ii. One Belt, One Road Initiative is taken to establish new routes linking Asia, Europe and Africa.
iii. One Belt, One Road Initiative has two parts:
(i)  Silk Raod Economic Belt (SREB): Linking China to Europe
(ii)  Maritime Silk Road (MSR): Linking China’s port facilities with the African Coast.

2.        1000 RUPEES PENSION SCHEME UNDER EPS TO CONTINUE:
i. Union Government of India has approved the continuation of 1000 Rs monthly pension scheme under Employees pension scheme (EPS).
ii. This move will benefit over 20 lakh pensioners under social security scheme run by EPFO.
iii. This move will cost additionally 850 crore Rs. to the exchequer of the Government.
Note: EPFO: Employees Provident Fund Organization

3. WHITLEY AWARDS FOR WILDLIFE CONSERVATION:
i. Two Indians Dr. Ananda Kumar and Dr. Pramod Patil have won the prestigious whitely awards for their contribution to wildlife conservation.
ii. The awards were presented in a ceremony held in London.
iii. A total of 7 Conservationists were awarded the Whitley Awards for their efforts to protect wildlife in Developing countries.
Note: Whitley Awards are also known as Green Oscar.

4. WTO GETS A NEW MEMBER:
i. World Trade Organization has added Seychelles as its 161st member.
ii. With just 90,000 in habitants, Seychelles has become the smallest member of WTO.
iii. Seychelles has applied for WTO membership on 31st May 1995 but had to wait for 20 years as the country was negotiating its accession terms.
EXPECTED QUESTION FROM THIS CURRENT AFFAIRS NEWS
Q1. How Many countries are members of WTO?
a.       158
b.      161
c.       162
d.      160

5. RBI IMPOSED 1.5 CRORE RUPEES FINE EACH ON 3 PSB’S:
i. RBI has imposed 1.5 crore fine each on 3 Public Sector Banks.
ii. The Ban is imposed for violating KYC norms and AML norms
iii. The penalties have been imposed under the provisions of section 47(A) (1) of the Banking Regulation Act, 1949.
iv. 3 Banks on which fine is imposed are;
      (i) Dena Bank
      (ii) Oriental Bank of Commerce
      (iii) Bank of Maharashtra
Note: KYC – Know Your Customer
      AML- Anti Money Laundering

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