CURRENT AFFAIRS 3-4th Oct., 2014

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CURRENT AFFAIRS 4th Oct., 2014

1. Government is planning to merge Forward Market Commission with SEBI to strengthen monitoring of future commodity market. It may alternatively give more powers to FMC which is presently under the control of Finance ministry.

2. According to a UNESCAP report, the gap between the poor and the rich is growing in the Asia-Pacific region including India, China and Indonesia. The Gini coefficient – a measure of income inequality – between early 1990s and late 2000s increased from 30.8 to 33.9 in India; 32.4 to 42.1 in China. During the same period the coefficient decreased in countries such as Cambodia, Kyrgyzstan, Malaysia, Nepal, Philippines, Thailand and Uzbekistan.

3. World Animal Day was observed across the world on 4 October 2014. The World Animal Day is observed with an aim to improve animal welfare standards across the world through support and involvement of individuals, groups and organisations that care about animals.

4. Rajasthan became the first state of India to start olive refinery. The refinery established in Lunkaransar area of Bikaner and was inaugurated by Chief Minister Vasundhara Raje.

5. Centre is working on a two-pronged strategy to increase its ranking in ease of doing business in India. The first is to get states committed in simplifying and rationalising the regulatory environment at their end. The second step is to give specific instructions to the different arms of the Central government to cut inter-departmental wrangling on clearances

CURRENT AFFAIRS 3rd Oct., 2014

1. Indian boxer MC Mary Kom bagged her first ever Asian Games Gold Medal by defeating Zhaina Shekerbekova of Kazakhstan in the finals of the women’s flyweight category (48-51kg) at the 17th Asian Games in Incheon. She became the first Indian woman boxer to clinch a gold medal at the Asian Games. MC Mary Kom is the five-time world champion and the Olympic bronze-medallist.

2. Prime Minister Narendra Modi addressed the countrymen over radio for the first time in his programme Mann Ki Baat. Mann ki Baat is a new initiative of Modi to reach out to maximum populace. He advocated for use of Khadi products as homage to Mahatma Gandhi and to benefit the poor.

3. President Pranab Mukherjee authorised Vigilance Commissioner Rajiv to act as chief of Central Vigilance Commission (CVC) until the appointment of the new Central Vigilance Commissioner. The vacancy had occurred after Central Vigilance Commissioner Pradeep Kumar completed his tenure on 28 September 2014.

4. Prime Minister Narendra Modi launched Swachh Bharat (Clean India) campaign in New Delhi. The Swachh Bharat campaign was launched on the occasion of 145th birth anniversary of Mahatma Gandhi and is aimed at making India clean by 2019, i.e. 150th birth anniversary of Mahatma Gandhi. He asked people to donate (Shramdaan) 100 hours every year or two hours every week for cleanliness. Modi started a Swachh Bharat challenge and nominated nine people to accept the challenge and inspire people for the campaign.

5. A high-powered panel headed by the chairman of National Skill Development agency has been set up to rationalise the multitude of skilling schemes run by the government. It has submitted its report and recommended having a formal definition of skill development, integrating soft skills in each training programme and tracking of all candidates enrolled in such schemes through their Aadhaar number.