CURRENT AFFAIRS 13-14th Oct., 2014

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CURRENT AFFAIRS 14th Oct., 2014

1. India will host first leg of Asia Cup Archery Tournament in Delhi in January 2015. The announcement was made by Archery Association India (AAI). The first leg will be conducted in Delhi in January 2015 while the second and third legs was allotted to Bangkok in March 2015 and Tehran in June 2015.

2. BSE will soon launch an exchange-traded fund (ETF), based on its climate change index in the next couple of years. It had launched the S&P Carbonex index in 2012 giving increased weighting to companies depending on carbon footprint scores.

3. Asia’s oldest stock exchange, the BSE announced the launch of two new indices – the BSE S&P Sensex Futures Index and the BSE S&P CPSE Index. The BSE S&P Sensex Futures Index will track the returns generated by the 30-stock Sensex futures. The CPSE Index will track returns generated by the state-owned companies, barring public sector banks.

4. India has scored 55th rank and improved its position in the Global Hunger Index. It had 63rd position last year. The index is prepared by International Food Policy Research Institute (IFPRI), along with Welthungerhilfe and Concern Worldwide.

5. Groupe BPCE, France's second largest bank by customers and Twitter are collaborating to allow its customers to transfer money via tweets. It will pave a new path in the world of online payments as the social network seeks new sources of revenue beyond advertising.

CURRENT AFFAIRS 13th Oct., 2014

1. SEBI has directed all exchanges that do not possess a trading platform with an annual turnover of at least Rs. 1,000 crore and a net worth of Rs. 100 crore, and that do not have a tie-up with a clearing corporation, to exit. Madras, Bangalore, Delhi, Ahmedabad and 13 other stock exchanges are going to shut operations in compliance with a Securities and Exchange Board of India (SEBI) order leaving lakhs of investors affected.

2. Goods & Services Tax (GST) that is planned to start by April 2016 may have another hurdle as the finance ministry wants to compensate states for only three years as against five years demanded by the States. The compensation will be based on the recommendations of 14th Finance Commission.

3. A committee of the International Monetary Fund (IMF) has expressed concern over the delay in implementation of quota reforms in the multilateral institution blocked by America's legislature. These reforms were already agreed to by member-countries' governments in 2010 in favour of emerging market (EM) economies like India.

4. RBI Governor Raghuram Rajan is attending the International Monetary Fund (IMF) and World Bank meetings. He has said that there would be some volatility in emerging markets once the US Federal Reserve decided to raise interest rates, but India is well prepared to deal with market volatility.

5. National Pharmaceutical Pricing Authority (NPPA) has imposed a fine of around Rs 300 crore on Swiss multinational drug company Novartis for overcharging consumers on sale of Voveran, its best-selling painkiller medicine