CURRENT AFFAIRS 29-30th Nov., 2014

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CURRENT AFFAIRS 30th Nov., 2014

1. According to a study conducted by BI Worldwide, 51 per cent of Indian employees are performing intensely making them globally the most engaged in their work. They are followed by Chinese employees (49 per cent), US (38 per cent), Brazil (36 per cent), Canada (28 per cent) and the UK (24 per cent).

2. Mauritius is again emerging as the largest source of foreign direct investment (FDI) in India. It accounts for an inflow of $ 4.19 billion in the April-September period. The inflow of foreign investment from Singapore amounted to $ 2.41 billion, followed by the Netherlands at $ 1.95 billion and USA ($ 1.19 billion) during the six month period.

3. Taiwan’s Premier Jiang Yi-huah resigned after his ruling party suffered defeat at the island’s biggest ever local elections.

4. Two-time World Championship bronze medallist PV Sindhu won the $120,000 Macau Grand Prix Gold trophy after defeating Kim Hyo Min of Korea in the women's singles finals.

5. India may challenge a WTO panel's ruling which had described the country's ban on American poultry product imports as inconsistent with global norms. In March 2012, the US had dragged India to the WTO against India's ban on imports of certain American farm products, including poultry meat and eggs.

CURRENT AFFAIRS 29th Nov., 2014

1. Reserve Bank of India announced the final guidelines for the Bharat Bill Payment System (BBPS) which will help consumers pay multiple bills like electricity, telephone and school fees at a single point of transaction. The BBPS is an integrated bill payment system offering inter-operable and accessible bill payment service to customers through a network of agents. National Payment Corporation of India (NPCI) has been appointed as the nodal body.

2. Market capitalisation of all listed companies on Bombay Stock Exchange (BSE) reached historic milestone of Rs. 100 lakh crore-mark for the first time. This shows India's growth potential from the foreign investor’s perspective and the competitiveness of Indian entrepreneurs to manage world class organisations.

3. Parliament passed the Labour Laws (Exemption from Furnishing Returns and Maintaining Registers by Certain Establishments) (LLE) Amendment Bill, 2014. The 2014 Bill stipulates “small” establishments would cover those employing between 10 and 40 workers as against 19 in the Principal Act, and reduces small establishments’ obligations to file returns.

4. The economy grew at 5.3 per cent during the first quarter of the new government as against 5.7 per cent in the previous year. The slow down is due to poor manufacturing performance and pick-up in government’s clearances of projects over the last six months did not show up in the growth data.

5. A report by the U.S. National Association of Realtors (NRA) said Indians bought residential properties in the U.S. estimated at $5.8 billion in value terms for the year ending March 31, 2014. The investment represented a growth of about 6 per cent over the previous year.