DAILY CURRENT AFFAIRS 6 FEBRUARY 2015

DAILY CURRENT AFFAIRS-6 FEBRUARY 2015

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1) WORLD BANK TO PROVIDE FUNDS FOR SARNATH REDEVELOPMENT

Ø  Sarnath is located only a few kilometers from Varanasi near the influence of the Ganga and the Gomti rivers.

Ø  Sarnath is famous as Lord Buddha gave his first sermon here which attracts a large number of Buddhists and foreigners.

Ø  Sarnath is also known for its Deer park and a bird sanctuary

EXPECTED QUESTION FROM THIS CURRENT AFFAIRS NEWS

1.     World Bank has recently provided fund for which place’s redevelopment

a.       Varanasi

b.      Sarnath

c.       Haridwar

d.      Bhubaneshwar

2) L.C.GOYAL, BECOMES NEW HOME SECRETARY

Ø  L.C. Goyal takes charge as the new union Home Secretary replacing Mr. Goswami who resigned recently.

Ø  L.C. Goyal is an IAS officer of 1979 Batch Kerala Cadre

EXPECTED QUESTION FROM THIS CURRENT AFFAIRS NEWS

1.     Who became the new Home Secretary

a.       Matan Singh

b.      Anil Goswami

c.       L.C.Goyal

d.      Deepshikha Ghosh

3)   UN REPORT SHOWS 8% GDP GROWTH

Ø  8% growth in GDP has led to decline in poverty from 41.6% to 32.7%

Ø  UNESCAP gave its report on GDP from 2004 to 2011

Ø  INDIA has achieved first Millennium Development Goals

Ø  UNESCAP- United Nations Economic and Social Commission for Asia and the Pacific

4)   BCCI CLEARS PROGYAN OJHA

Ø  Pragyan Ojha got a clean chit over his bowling action at the correction centre in Chennai by the BCCI

Ø  Pragyan Ojha is not in the World Cup 2015 Squad but he can continue playing first class games with immediate effect.

5)   CASH SUBSIDY ON LPG BECOMES WORLD’S LARGEST DIRECT BENEFIT TRANSFER SCHEME

Ø    Pahal Yojana is the name Given to the DBT Scheme for LPG

Ø  This Scheme was launched to put an end to Black- marketing and to ensure that the   subsidy reaches to the people directly.

Ø    Over 10 crore consumers have joined the scheme so far.

Ø    Other counties having such scheme are China, Mexico and Brazil.

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DAILY CURRENT AFFAIRS UPDATE 05 FEBRUARY 2015

DAILY CURRENT AFFAIRS UPDATE - 5 FEBRUARY 2015

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1) CHINA OVERTAKES US AS THE TOP FOREIGN INVESTMENT DESTINATION: UNCTAD REPORT

Ø  US was on top as a Foreign Investment Destination for past 11 years, since 2003

Ø  China FDI grew by 7.8% in 2014 and constituted 55.4% of the overall FDI

Ø  128 billion Dollars are invested in China as compared to 86 billion Dollar invested in the US

Ø  UNCTAD stands for United Nations Conference on Trade and Development

Ø  UNCTAD was formed in 1964 with its headquarters in Geneva, Switzerland

EXPECTED QUESTION FROM THIS CURRENT AFFAIRS NEWS

1.     Where is the headquarter of UNCTAD

a.       New York

b.      Geneva

c.       Washington DC

d.      Manila

2.     Which country is on top rank in Foreign Investment Destination ranking.

a.       India

b.      USA

c.       China

d.      Singapore

2) HOME SECRETARY, ‘ANIL GOSWAMI’ RESIGNED

Ø  He is third top ranking bureaucrat to have been sacked since the Modi Government took charge

Ø  Mr. Goswami’s tenure was about to end in June this year

3) PLANE CRASHES IN TAIWAN RIVER

Ø  More than 30 people were killed, 15 injured and 12 are still missing

Ø  Trans Asia Airways flight 235 said ‘Mayday, Mayday, engine Flameout’

Ø  ‘Mayday’ is an International Emergency Call

Ø  P&WC gave a complete, brand new Engine to Trans Asia.

Ø  P&WC – Pratt & Whitney Canada

EXPECTED QUESTION FROM THE CURRENT AFFAIRS NEWS    

1.     Which International Airway Flight recently crashed in Taiwan River

a.       Trans Asia Airways

b.      Sea Asia Airways

c.       London Airways

d.      Kingfisher Airways

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DAILY CURRRENT AFFAIRS 4 FEBRUARY 2015

DAILY CURRENT AFFAIRS- 4 FEBRUARY 2015

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1) RBI INCREASES FOREX REMITTANCE LIMIT TO $ 2,50,000

Ø  The Central Bank on Tuesday doubled the amount that an individual can remit in a year  for asset purchase outside country to $ 250000

Ø  An individual can remit under the liberalized remittance scheme, started in 2004 with a view to simplify Foreign Exchange Avenues available to Indians

Ø  This the second time that the limit has been raised since a drastic 62.5 % cut in the limit i.e to $ 75,000 in August 2013

EXPECTED QUESTION FROM THIS CURRENT AFFAIRS NEWS

1.     Under which scheme an individual can Purchase Assets outside the country and upto what amount

a.       Remittance Scheme, $ 250,000

b.      Assets Purchase Scheme, $ 250,000

c.       Liberalized Remittance Scheme , $ 250,000

d.      Liberalized Assets Purchase Scheme, $ 250,000

2) MADHYA PRADESH GOT NATIONAL AWARD FOR MGNREGA

Ø  MP won 10^th National Award for Excellent work in MGNREGA

Ø  Award was presented to MP Panchayats and Rural Development Minster Gopal Bhargava by the Union Rural Development Minister Virendra Singh at the MGNREGA Summit held in New Delhi on 2^nd Feb, 2015

Ø  MGNREGA- Mahatma Gandhi National Rural Employment Guarantee Act, 2005

EXPECTED QUESTION FROM THIS CURRENT AFFAIR NEWS

1.   Who is Union Rural Development Minister?

       a. Smt. Smriti Irani

       b. Amit Shah

       c. Sonia Gandhi

       d. Virendra Singh

2.   Which state won the 10^th National Award of Excellent work in MGNREGA?

       a. UP

       b. Assam

       c. MP

       d. Bihar

3) FRANCE WINS 24^TH MEN’S WORLD HANDBALL TITLE

Ø  This is France’s 5^th World Handball title after defeating Qatar in the finals

Ø  France becomes 1^st ever team to win 5 times

Ø  Total teams- 24 ;    Host – Qatar

Ø  The Games were played in Doha and newly created town of Lusail

EXPECTED QUESTION FROM THE CURRENT AFFAIRS NEWS    

1.     Which country has won 5 World Handball titles

a.       Spain

b.      Qatar

c.       France

d.      Germany

4) 35^TH NATIONAL GAMES KICKS OFF AT GREEN FIELD STADIUM , KARYAVATTAM, TIRUVANDRUM

Ø  Games were inaugurated by Union Minister of Urban Development, Shri Venkaiah Naidu

Ø  Games will held in Kerala

Ø  Goodwill Ambassador of the Games is Sachin Tendulkar

Ø  Saloni Dalal became the youngest player to win medal at National Games

Ø  Saloni Dalal won a Bronze Medal in 200 mts Breast Stroke swimming event

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DAILY GK UPDATES 3 FEBRUARY 2015

DAILY CURRENT AFFAIRS 3-FEBRUARY 2015

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  1) 6^thRBI BI MONTHLY POLICY REVIEW

Ø  RBI today Reduce the statutory liquidity ratio (SLR) of scheduled commercial banks by 50 basis points from 22.0 per cent to 21.5 per cent of their NDTL with effect from the fortnight beginning February 7, 2015.

Ø  Repo rate remain unchanged at 7.75 per cent.

Ø  Reverse repo rate under the LAF will remain unchanged at 6.75 per cent

Ø  The marginal standing facility (MSF) rate and the Bank Rate at 8.75 per cent.

Ø  The cash reserve ratio (CRR) of scheduled banks unchanged at 4.0 %

Highlights of Review

Ø  Inflation likely to be around target level of 6% by January 2016.

Ø  Baseline projection for 2014 GDP growth retained at 5.5%.

Ø  72 applications for Small Finance Banks and 41 applications for Payments Banks received.

Ø  FIIs can invest in India corp. bond with 3-year maturity.

Ø  RBI raises cap on forex under LRS to $250,000 per person.

Ø  Real GDP growth in 2015-16 expected to rise to 6.5%.

2) RELIANCE TEAMS UP WITH SBI FOR PAYMENTS BANK

Ø  Reliance Industries has teamed up with SBI to apply for a payments bank licence.

Ø  RIL and SBI put in a joint application to the Reserve Bank of India (RBI) to set up a payment bank that can offer services such as remittances and deposits but not loans.

Ø  The nation's largest lender SBI, which being a commercial bank could not apply for a payment bank license,will hold 30% in the joint venture. RIL will be the promoter and hold the balance 70%.

3) INDIA, CHINA LAUNCH VISIT INDIA YEAR IN CHINA

Ø  External Affairs Minister SushmaSwaraj and Chinese Vice-Premier Wang Yang jointly launched the Visit India Year in China in Beijing.

Ø  The initiative is aimed at enhancing the flow of tourists from China to India and strengthen the people to people bond.

Ø  It is agreed to designate 2015 as Visit India Year in China and 2016 as Visit China Year in India.

Ø  Under this, the two sides will carry out a series of promotional activities to boost two-way tourism inflow and strengthen people to people bonds.

4) BHARAT RANG MAHOTSAV BEGINS IN DELHI

Ø  The 17th edition of Bharat Rang Mahotsav begins in the national capital.

Ø  Organised by the National School of Drama, NSD, the theatre festival was inaugurated by Culture Minister Dr Mahesh Sharma and actor Om Puri.

5) ADITYA BIRLA, FUTURE GROUP APPLY FOR PAYMENT BANK LICENCES

Ø  Aditya Birla Nuvo Ltd, Future Group and Vakrangee Ltd sought permission from the Reserve Bank of India (RBI) to set up payments banks.

Ø  A payments bank licence will allow companies to accept deposits of up to Rs.1 lakh and increase payment options, especially for people who have no bank accounts.

Ø  Aditya Birla Nuvo will hold 51% stake in the proposed payments bank and the remaining 49% will be owned by Idea Cellular

6) HIV TREATMENT TO BE LINKED TO AADHAAR

Ø  Anti-Retroviral Therapy (ART) Treatment for HIV/AIDS infection will now be linked to Aadhaar.

Ø  Even those coming for HIV infection testing will have to produce their Aadhaar cards.

Ø  This is to avoid duplication of patients going to several ART Centres for testing.

Ø  The National Aids Control Organisation (NACO) has created a special software which will identify a patient who goes for testing at different centres and gets registered at all the centres.

7) KANAGASABAPATHY SRIPAVAN APPOINTED AS CHIEF JUSTICE OF SRI LANKA

Ø  President of Sri lankaMaithripalaSirisena has appointed KanagasabapathySripavan  as the country's top lawyer. Sripavan sworn in as Sri Lanka's 44th chief justice.

Ø  Sripavan is the second Tamil to be the Chief Justice of the Sri Lankan Supreme Court.

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