DOWNLOAD PDFCURRENT AFFAIRS 3rd Feb., 2015
1. Government has cleared projects worth Rs 6,500 crore in the electronic manufacturing sector. Under Modified Special Incentive Package (MSIPS), the government provides 20 per cent and 25 per cent subsidy for capital investments in special economic zones (SEZs) and non-SEZs, respectively.
2. US Federal Trade Commission held that the $4-billion merger of Ranbaxy with Sun was potentially “anti-competitive” since it would reduce the number of suppliers of the drug in the US market. FTC had asked Ranbaxy divest its interests in generic minocycline tablets to avoid an anti-competitive situation.
3. The Postal Department has decided to open one crore ‘Sukanya Samridhi Accounts’ by March 31, applicable to girls in this age group in 22 States with a minimum deposit of Rs. 1,000 per account, carrying an interest of 9.1 per cent. The account will remain operative for 21 years from the date of opening of the account or marriage of the girl child after attaining 18 years of age.
4. Sergio Mattarella was sworn-in as the President of Italy on 3 February 2015. He is the 12th President of Italy since the country became a Republic after World War II. Sergio Mattarella, 73, a Constitutional Court Judge was elected as the President of Italy.
5. Madhya Pradesh won the 10th National Award for excellent work in Mahatma Gandhi National Rural Employment Guarantee Act, 2005 (MGNREGA). The award was presented to Madhya Pradesh Panchayats and Rural Development Minister Gopal Bhargava by the Union Rural Development Minister Virendra Singh at the MGNREGA summit held in New Delhi.
CURRENT AFFAIRS 2nd Feb., 2015
1. Ministry of Railways has initiated discussions with Ahmedabad-based National Institute of Design (NID) to redesign rail coaches for better comfort to passengers. Railways need to invest heavily, especially in areas of technology, security and various facilities for commuters.
2. The committee headed by DK Mittal recommended halving of berths that are allocated by the emergency quota in Railways and make it costlier. It had also called for implementation of optimisation system so that VIP routes have more seats. A citizen should be able to call an Emergency Travel Helpline, upload necessary document and get access to an emergency seat after validation.
3. Reserve Bank of India (RBI) is intervening more in the currency market's spot segment than it did in 2014. RBI has bought dollars whenever there has been an inflow, to maintain exchange-rate stability. The move has helped it add to the foreign exchange reserves.
4. The study, Brand Finance Banking 500, reveals the total value of banking brands from India exceeds those from Russia, Italy, Sweden and South Korea. India now ranks 13th globally and its bank brands are the second-fastest-growing ones worldwide.
5. Insurance Regulatory and Development and Authority of India (Irdai) plans to bring out a host of new regulations to support the Insurance Laws (Amendment) Ordinance. The ordinance had given more freedom to insurance companies to appoint agents and also put corporate agents into the intermediary space.
1. Government has cleared projects worth Rs 6,500 crore in the electronic manufacturing sector. Under Modified Special Incentive Package (MSIPS), the government provides 20 per cent and 25 per cent subsidy for capital investments in special economic zones (SEZs) and non-SEZs, respectively.
2. US Federal Trade Commission held that the $4-billion merger of Ranbaxy with Sun was potentially “anti-competitive” since it would reduce the number of suppliers of the drug in the US market. FTC had asked Ranbaxy divest its interests in generic minocycline tablets to avoid an anti-competitive situation.
3. The Postal Department has decided to open one crore ‘Sukanya Samridhi Accounts’ by March 31, applicable to girls in this age group in 22 States with a minimum deposit of Rs. 1,000 per account, carrying an interest of 9.1 per cent. The account will remain operative for 21 years from the date of opening of the account or marriage of the girl child after attaining 18 years of age.
4. Sergio Mattarella was sworn-in as the President of Italy on 3 February 2015. He is the 12th President of Italy since the country became a Republic after World War II. Sergio Mattarella, 73, a Constitutional Court Judge was elected as the President of Italy.
5. Madhya Pradesh won the 10th National Award for excellent work in Mahatma Gandhi National Rural Employment Guarantee Act, 2005 (MGNREGA). The award was presented to Madhya Pradesh Panchayats and Rural Development Minister Gopal Bhargava by the Union Rural Development Minister Virendra Singh at the MGNREGA summit held in New Delhi.
CURRENT AFFAIRS 2nd Feb., 2015
1. Ministry of Railways has initiated discussions with Ahmedabad-based National Institute of Design (NID) to redesign rail coaches for better comfort to passengers. Railways need to invest heavily, especially in areas of technology, security and various facilities for commuters.
2. The committee headed by DK Mittal recommended halving of berths that are allocated by the emergency quota in Railways and make it costlier. It had also called for implementation of optimisation system so that VIP routes have more seats. A citizen should be able to call an Emergency Travel Helpline, upload necessary document and get access to an emergency seat after validation.
3. Reserve Bank of India (RBI) is intervening more in the currency market's spot segment than it did in 2014. RBI has bought dollars whenever there has been an inflow, to maintain exchange-rate stability. The move has helped it add to the foreign exchange reserves.
4. The study, Brand Finance Banking 500, reveals the total value of banking brands from India exceeds those from Russia, Italy, Sweden and South Korea. India now ranks 13th globally and its bank brands are the second-fastest-growing ones worldwide.
5. Insurance Regulatory and Development and Authority of India (Irdai) plans to bring out a host of new regulations to support the Insurance Laws (Amendment) Ordinance. The ordinance had given more freedom to insurance companies to appoint agents and also put corporate agents into the intermediary space.
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