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CURRENT AFFAIRS 21st Jan., 2015

1. International Monetary Fund (IMF) in its World Economic Outlook Update projected India’s economic growth in 2015-16 to 6.3 per cent from the 6.4 per cent made in October last year and 6.5 per cent for 2016-17. It has projected that India's economy to grow faster than China's by 2016-17 on a different growth parameter.

2. The target of opening 115 million bank accounts has been formally achieved at the government’s flagship Pradhan Mantri Jan Dhan Yojana programme ahead of January 26 deadline. The Guinness World Records has registered the achievement as Most bank accounts opened in one week. The programme has covered 99.74 per cent of surveyed households till date.

3. India has been ranked 78th in Global Talent Competitiveness Index (GTCI) that measures a nation's competitiveness based on the quality of talent it can produce, attract and retain. Switzerland has topped the list followed by Singapore, Luxembourg, Denmark, United States and Canada in the top five.

4. India emerged as the second most trusted country in the world in terms of faith reposed on its institutions says a survey. Brazil, Malaysia, France and the US are among the 8 "neutral" nations as per the trust index and Japan, Russia, Hong Kong, South Africa and Italy are among the distruster countries.

5. Urban Development Minister Venkaiah Naidu launched the Heritage Development and Augmentation Yojana (HRIDAY) for 12 cities including Varanasi, Mathura, Gaya, Dwarka and Puri across the country. The project is aimed at preserving and rejuvenating the rich cultural heritage.


CURRENT AFFAIRS 22nd Jan., 2015

1. UK Sinha, chairman of the Securities and Exchange Board of India launched MF Utility, a single window for investment in multiple schemes. The platform will allow investors to submit a single transaction form with a single payment for multiple investments across mutual funds.

2. Securities and Exchange Board of India plans a discussion paper on additional measures for algorithmic trading. The paper will focus on the impact of liquidity brought by algo trading programmes. Reserve Bank of India and SEBI are holding talks to see whether banks could convert bad loans taken by companies into an equity stake in such entities.

3. Cabinet approves swapping arrangement between telecom & defence ministries for release of 15 MHz in 2,100-MHz band by the forces. Cabinet also cleared what spectrum would constitute the "defence band" and decided to earmark as defence interest zones 50 km around border areas.

4. Kerala Culture Minister K C Joseph announced setting up of the India's first International Institute of Music in Kerala. A Trust headed by Sarod Maestro Ustad Amjad Ali Khan has been entrusted with the responsibility to set up the Institute.

5. Prime Minister Narendra Modi launched a small deposit scheme Sukanya Samridhi Yojana for girl child under the Beti Bachao Beti Padhao (BBBP) campaign. Sukanya Samridhi Yojana will enable parents to open bank accounts of girls who are under 10 years of age. The scheme will ensure equitable share to a girl child in resources and savings of a family in which she is generally discriminated against a male child.


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