CURRENT AFFAIRS 11-12thJan., 2015

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CURRENT AFFAIRS 11th Jan., 2015

1. Union labour ministry is getting actively involved in this process of helping states become part of the Shram Suvidha portal. Prime Minister Narendra Modi had in October last year launched this portal, a common platform for employers to file their annual returns, besides compliance and inspection reports.

2. Finance Minister Arun Jaitley has indicated that the first Indian smart city created could be Chandigarh. Smart cities would be built in a way so that they have uninterrupted power, water, proper sanitation, efficient management of solid waste, decongestion of roads, last mile connectivity and effective use of ICT.

3. Reserve Bank of India sets up Depositor Education and Awareness Fund to educate depositors. RBI will grant financial assistance to non-government organisations and other entities seeking to take up activities related to education and awareness of bank depositors.

4. Grand Slam champion Roger Federer of Switzerland won the Brisbane International Tennis title for the first time. He defeated Milos Raonic of Canada in the finals played at Brisbane in Australia.

5. Global defence and aerospace company BAE Systems has appointed HDFC Chairman Deepak Parekh as a non-executive Director and Chairman of its Indian subsidiary, BAE Systems India (Services).

CURRENT AFFAIRS 12thJan., 2015

1. SEBI has eased norms for domestic mutual funds managers to manage offshore pooled assets. It has proposed to remove '20-25 rule', which requires a minimum of 20 investors and a cap of 25 per cent investment by an individual investor in a particular scheme, for certain foreign entities.

2. National Youth Day was observed across India on 12 January 2015. The day is observed annually to mark the birth anniversary of social reformer, philosopher and thinker Swami Vivekananda. This is the 152nd birth anniversary of Swami Vivekananda.

3. Government has appointed Kiran Kumar Alur Seelin as the new Secretary of Department of Space and the ISRO Chief for the next 3 yrs. He succeeds K. Radhakrishnan who superannuated on December 31. He will also be Chairman of the Space Commission for the next three years.

4. Financial Services Secretary Hasmukh Adia said that India needs $800 billion (Rs 50 lakh crore) annually if the economy is to grow at 7 per cent. He noted that last year fund inflows from all traditional channels of FDIs, ECBs, FIIs and domestic capital was way below $200 billion.

5. SEBI has asked depositories to put in place a comprehensive risk management framework within three months. Both the depositories - NSDL and CDSL would have to set up a risk management group headed by a Chief Risk Officer to oversee the implementation of the framework.