DAILY FREE CURRENT AFFAIRS 27 FEBRUARY 2015

DAILY FREE CURRENT AFFAIRS 27 FEBRUARY 2015

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1.      FORBES RELEASED 50-POWER BUSINESS WOMEN LIST:-

Ø  Forbes magazine has listed 50 power Business Women from ASIA in its recent issue.

Ø  6 Indian womens have been included in the 50 power Business women from Asia are:-

(1)  Arundhati Bhattacharya -------- SBI chairperson

(2)  Chanda Kochar -------- ICICI Managing Director

(3)  Akhila Srinivasan -------  Shriram Life Insurance MD

(4)  Kiran Mazumdar Shaw ------- Biocon Founder

(5)  Shikha Sharma ------ Axis Bank CEO

(6)  Usha Sangwan ------- LIC Managing Director.

About Forbes Magzine:- Forbes is an American Business Magazine published weekly. It was founded in 1917 by B.C. Forbes. Michael Perlis is the current CEO of Forbes.

EXPECTED QUESTION FROM THIS CURRENT AFFAIRS NEWS

Q-1) Who among the following women is not in Forbes 50 Power Business Woman from Asia ?

a.       Arundhati Bhatttacharya

b.      Chanda Kocha

c.       Sonia Gandhi

d.      Shikha Sharma.

2 .INDIA’S GDP FORECAST REVISED TO 7.9%:-

Ø S & P has revised India’s GDP forecast to 7.9% in FY 16.

Ø S & P has also raised it forecast for 2016-17 to 8.2% from the previous 6.6%.

Ø 7.9% forecast by S&P, Rising Investment and low oil prices are the primary factors to boost the changes in the economy of the nation.

Note :- S &P or Standard and Poor’s is a Financial Services Company with its headquarter at New York, U.S.A. It is an American stock market Index based on the market Capitalisations of 500 Large Companies having common stock listed on the NYSE.

EXPECTED QUESTION FROM THIS CURRENT AFFAIRS NEWS

Q-1) S & P has forecasted India’s GDP for FY16  ?

a.    6.6%

b.   7.9 %

c.    8.2 %

d.   6.2 %

3.   RATAN TATA HONOURED :

Ø RATAN TATA  has been honoured with an Honorary Doctorate of Automotive Engineering.

Ø  RATAN TATA was honoured by Clemson Universityat the South Carolina Automotive Summit.

Ø This was the 4^th  annual S.C. Automotive Summit.

About Ratan Tata :- Ratan Tata is an Indian Businessman and Chairman Emeritus of Tata sons. He was also the Chairman of Tata Group from 1991-2012. Ratan Tata has also been honoured with Padam Bhushan in 2000 and Padma Vibhushan in the year 2008.

EXPECTED QUESTION FROM THIS CURRENT AFFAIRS NEWS

Q-1) Which Indian is Honoured with an Harmony Doctorate of Automotive Engineering at 4^th annual S.C.  Automotive Summit ?

a.    Ratan Tata

b.   Mukesh Ambani

c.    Anil Dhirubhai Ambani

d.   Gautam Adani

4.     RAILWAY BUDGET 2015 :

Union  Railway Minister Suresh Prabhu, with the minister of state for Railways Manoj Sinha presented his maiden Railway Budget in the Lok Sabha yesterday.

Ø No new Train was introduced and the focus was to deliver a sustained and measurable improvementin customer experience.

Ø The government will Invest approximatelyRs. 8.5 lakh crores over next 5 years on Railway.

Note :- For Detailed Description on RAILWAY BUDGET, Click on to GURU GYAN :

EXPECTED QUESTION FROM THIS CURRENT AFFAIRS NEWS

Q-1)Who is the Union Railway Minister of India ?

a.    Narendra Modi

b.   Suresh Prabhu

c.    Smriti Irani

d.   Mallikanjan Khafre.

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DAILY FREE CURRENT AFFAIRS 26 FEBRUARY 2015

DAILY CURRENT AFFAIRS 26 FEBRUARY 2015

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1.      LIFE IMPRISONMENT FOR  ABU SALEM:

Ø  Abu salem gets Life Imprisonment.

Ø  Abu Salem was found guilty for the murder of Mumbai based Builder Pradeep Jain.

Ø  Abu Salem along with two others was found guilty in a 20 year old case.

2.      TRAI AMENDS REGULATIONS:

Ø  TRAI amends regulations for PAN INDIA MOBILE NUMBER  PORTABILITY(MNP)

Ø  TRAI has issued the sixth amendment to the telecommunication Mobile Number Portability Regulation, 2009.

Ø  TRAI ---- Telecom Regulatory authority of India.

Ø  Rahul Khullar is the Chairman of TRAI.

EXPECTED QUESTION FROM THIS CURRENT AFFAIRS NEWS

1)    Where is the Headquarter of TRAI?

A)    New delhi

B)    Mumbai

C)     Bangalore

D)    Kolkata

3.      RBI ISSUES GUIDELINES FOR PMJDY:

Ø  RBI issues guidelines to PSB’s regarding PMJDY.

Ø  RBI kept Overdraft facility under PMJDY under Priority Sector Lending.

Ø  Overdraft facility available to PMJDY is Rs.5000 But for only those account holders which have opened their account under PMJDY and kept it active for atleast 6 months.

Ø  PMJDY--- PradhanMantri Jan DhanYojna.

Ø  Current Priority Sector Lending rate for PSB is 40%

EXPECTED QUESTION FROM THIS CURRENT AFFAIRS NEWS

1) What is rate of priority sector lending for psb?

A)    37%

B)    40%

C)     42%

D)    50%

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BANKING GK FACTS RELATED TO THE RTGS AND NEFT - BANKING GK

GURU  GYAN

NEFT & RTGS COMPARISON

NEFT

National Electronic Fund Transfer

1.     RBI ROLE:Reserve Bank of India does not play any major role in NEFT.

2.     TRANSACTION LIMIT: There is no upper and lower limit in NEFT.

3.     NEFT enables Fund transfer from one Bank to another on a Deferred Net Settlement (DNS) basis, which settles transactions in batches.

4.     CHARGES: There are 4 slabs in it:-

A.    For transactions Upto Rs. 10000

                   -> Rs. 2.50 + (Service Tax).

B.    For transactions above Rs. 10000 & upto Rs. 1lakhs-> Rs. 5 + (Service Tax)

C.     For transactions above Rs. 1lakh and Upto Rs. 2lakhs-> Rs. 15 + (Service Tax)

D.    For transactions above Rs. 2lakhs 

                  -> Rs. 25 + (Service Tax)

5.     TIME LIMIT: Through NEFT the transaction is completed either on the same day on the next working day.

6.     WORKING HOURS:NEFT transaction timing in each Bank is 9:00 A.M to 7:00 P.M. for weekdays and 8:00 A.M. to 1:00 P.M. on Saturday.

RTGS

Real Time Gross Settlement

1.     RBI ROLE :Reserve bank of India acts as a Middle man in RTGS.

2.     TRANSACTION LIMIT: There is no upper Limit for RTGS transaction but a minimum amount of Rs. 2lakhs is required.

3.     RTGS is a fund transfer system where transfer of money or securities takes place from one bank to another on a “Real time and Gross” basis.

4.     CHARGES: Rs. 30 per transaction is charged for Rs. 55 for amount exceeding 5 Lakhs.

5.     TIME LIMIT: Through RTGS, the transaction is to be completed within 30 minutes.

6.     WORKING HOURS :RTGS transaction timing in every Bank is 8:00 A.M. to 8:00 P.M. for weekdays and for Saturday it is 8:00 A.M. to 3:30 P.M.
 

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DAILY FREE CURRENT AFFAIRS 25 FEBRUARY 2015

DAILY CURRENT AFFAIRS 25 FEBRUARY 2015

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NATIONAL

1) GOVERNMENT HIKES 10% SHARE IN CENTRAL TAXES:

Ø  Union government has agreed to increase 10% share of states in central taxes.

Ø  Now the state Governments will get a total share of 42% of the central taxes. (Earlier it was 32%)

Ø  This increase in the share of central taxes was recommended by the14th finance commission, headed by former RBI Governor Y.V.Reddy.

Ø  It will surely help states to design and implement schemes as per their requirements.

NOTE: OTHER IMPORTANT RECOMMENDATIONS BY THE COMMISSION ARE:

1.     To grant Rs. 1.94 lakh crore over 5 years to meet the revenue deficit of 11 states.

2.     Punjab will not remain a revenue deficit state after the increased share of states in Central taxes.

2) STD CALLS TO BE CHEAPER IN INDIA NOW:

Ø  Long Distance domestic telephone calls i.e. STD calls will be cheap in India now.

Ø  TRAI has cut the network charges by upto 50%.

Ø  TRAI has reduced the ceiling of the domestic carriage charge to 35 paise per minute from 65 paise per minute.

Ø  TRAI – Telecom Regulatory Authority of India.

Note: 1. Rahul Khullar is the chairman of TRAI .

      2. TRAI has its Headquarter in New Delhi

EXPECTED QUESTION FROM THIS CURRENT AFFAIRS NEWS

1.     Who is the chairman of TRAI?

a.       Mukul Roy

b.      Nripendra Mishra

c.       Rahul Khullar

d.      Vijayan

3)  INDIAN ARMY AND SBI AGREEMENT:

Ø  Indian Army has signed anMoU with State Bank of India on Defense Salary Package.

Ø  MoU was signed between Lt. Gen. Rakesh Sharma and Dr. Vaidyan from SBI.

Ø  Earlier aMoU was signed between Indian Army and SBI in the year 2011, which was valid for a time period of 3 years.

IMPORTANT FACTS ABOUT MOU:

1.     A variety of Free/concessional services like free Drafts, free cheque books, free funds transfer to any bank branch in India through RTGS/NEFT.

2.     The Nepal Express Remittance scheme is also included in the provision which enables instant fund transfers to Nepal for benefit of the Nepali Domicile Gorkha Soldiers serving in the Indian Army.

3.     PAI is linked to the Savings Account instead of the Debit card. PAI – Personal Accidental Insurance.

4.     Processing Charges on the house and Car loans are waved off where as the Exemption percentage of margin money is enhanced.

Note:MoU– Memorandum of Understanding.

EXPECTED QUESTION FROM THIS CURRENT AFFAIRS NEWS

1.     Indian army has signed anMoU with which Bank?

a.       RBI

b.      HDFC

c.       Axis

d.      SBI

INTERNATIONAL

4)   INDIAN SCIENTIST AWARDED 1.56 CRORES:

Ø  Indian scientist GurumoorthyKrishnamoorthy is awarded with a grant of 1.56 crore rupees or 1.5 million Euros by ERC (European Research Council) in Germany.

Ø  GurumoorthyKrishnamoorthy is the group leader at the Max Planck Institute of Neurobiology.

Ø  The Grant is awarded to GurumoorthyKrishnamoorthy with an aim to investigate the role of gut microbiodata in autoimmune diseases of the central nervous System such as multiple Sclerosis.

EXPECTED QUESTION FROM THIS CURRENT AFFAIRS NEWS

1.     Which Indian Scientist won the ERC Award?

a.       Abdul Kalam Azad

b.      GurumoorthyKrishnamoorthy

c.       Dr. Subhakar

d.      GeetaVaradan

SPORTS

5)   GAYLE STORM DISMANTLES ZIMBABWE:

Ø  Gayle storm dismantles Zimbabwe team in an ODI fixture between West Indies and Zimbabwe during the ongoing Cricket World Cup 2015 tournament.

Ø  Chris Gayle smashed 22^ndOne Day century of his career, breaking many records at Canberra.

Ø  Chris Gayle scored 215 runs of 147 balls and during his innings he reached various heights  such as:

1.      Chris Gayle became the first player to score a double hundred in World Cup

2.      Chris Gayle became the only player to hit a century in Twenty 20 International, a double century in ODI’s and a triple century in Tests

3.      372 runs partnership between Chris Gayle and Samuels became the highest ODI partnership record for any wicket.

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