DOWNLOAD PDFCURRENT AFFAIRS 7th Jan., 2015
1. CRISIL Research warned the government over increase in its fiscal burden due to higher pension payments as India gets comparatively older in the next few decades. The government spends 2.2 per cent of the GDP on pension bill.
2. Sindhushree Khullar will be appointed as chief executive officer of the newly formed NITI Aayog. She was former Planning Commission member-secretary. Bibek Debroy and V K Saraswat were made full-time members of the body. Home Minister Rajnath Singh, Finance Minister Arun Jaitley, Railways Minister Suresh Prabhu and Agriculture Minister Radha Mohan Singh were made ex-officio members.
3. Reserve Bank of India's pace of building foreign exchange reserves might slow down in 2015, unless the limit of foreign institutional investors (FII) in government securities is increased and equities continued to perform. Last year RBI added $24 billion to foreign exchange reserves.
4. The government may accept voting for non-resident Indians (NRIs) through electronic means based on the recommendations by a committee. Under the proposal, NRIs will be sent ballot papers electronically and they will have to return it to poll authorities physically.
5. The Pravasi Bharatiya Divas 2015, the flagship event of Ministry of Overseas Indian Affairs (MOIA), Government of India starts from January 7 to 13 in Gandhinagar. It is is celebrated on January 9 every year to mark the contribution of overseas Indian community in the development of India.
CURRENT AFFAIRS 8th Jan., 2015
1. ICICI Bank announced the launch of the country’s first ‘contactless’ debit and credit cards - ‘Coral Contactless Credit Card’ and ‘Expressions Wave Debit Card’ which are powered by ‘MasterCard contactless’ and ‘Visa payWave’ technologies. These will enable customers to make electronic payments by waving the cards near a merchant terminal instead of dipping or swiping these cards.
2. Securities and Exchange Board of India (Sebi) met new technology companies to discuss the problems they face in raising capital in the primary market due to low valuations. The move is to encourage domestic companies to consider listing in the home market instead of foreign ones and develop primary market.
3. Union finance ministry is examining options for divesting its stake in one of India’s largest asset management companies (AMC), UTI Mutual Fund. It may opt for a possible merger of UTI MF with SBI Mutual Fund or listing of the former. SBI, Punjab National Bank, Bank of Baroda and Life Insurance Corporation of India hold 74% stakes in UTI Mutual Fund on behalf of the central government and the rest 26% US-based investment firm T Rowe Price.
4. Eurostat said inflation in the 18 countries using the euro in December was -0.2 per cent year-on-year. Inflation in the Euro zone has been below 1 per cent or what the European Central Bank calls the danger zone since October 2013.
5. Book titled The Indian Parliament – A Critical Appraisal written by Prof. Sudha Pai and Avinash Kumar of Jawaharlal Nehru University was released by Vice President Hamid Ansari.
1. CRISIL Research warned the government over increase in its fiscal burden due to higher pension payments as India gets comparatively older in the next few decades. The government spends 2.2 per cent of the GDP on pension bill.
2. Sindhushree Khullar will be appointed as chief executive officer of the newly formed NITI Aayog. She was former Planning Commission member-secretary. Bibek Debroy and V K Saraswat were made full-time members of the body. Home Minister Rajnath Singh, Finance Minister Arun Jaitley, Railways Minister Suresh Prabhu and Agriculture Minister Radha Mohan Singh were made ex-officio members.
3. Reserve Bank of India's pace of building foreign exchange reserves might slow down in 2015, unless the limit of foreign institutional investors (FII) in government securities is increased and equities continued to perform. Last year RBI added $24 billion to foreign exchange reserves.
4. The government may accept voting for non-resident Indians (NRIs) through electronic means based on the recommendations by a committee. Under the proposal, NRIs will be sent ballot papers electronically and they will have to return it to poll authorities physically.
5. The Pravasi Bharatiya Divas 2015, the flagship event of Ministry of Overseas Indian Affairs (MOIA), Government of India starts from January 7 to 13 in Gandhinagar. It is is celebrated on January 9 every year to mark the contribution of overseas Indian community in the development of India.
CURRENT AFFAIRS 8th Jan., 2015
1. ICICI Bank announced the launch of the country’s first ‘contactless’ debit and credit cards - ‘Coral Contactless Credit Card’ and ‘Expressions Wave Debit Card’ which are powered by ‘MasterCard contactless’ and ‘Visa payWave’ technologies. These will enable customers to make electronic payments by waving the cards near a merchant terminal instead of dipping or swiping these cards.
2. Securities and Exchange Board of India (Sebi) met new technology companies to discuss the problems they face in raising capital in the primary market due to low valuations. The move is to encourage domestic companies to consider listing in the home market instead of foreign ones and develop primary market.
3. Union finance ministry is examining options for divesting its stake in one of India’s largest asset management companies (AMC), UTI Mutual Fund. It may opt for a possible merger of UTI MF with SBI Mutual Fund or listing of the former. SBI, Punjab National Bank, Bank of Baroda and Life Insurance Corporation of India hold 74% stakes in UTI Mutual Fund on behalf of the central government and the rest 26% US-based investment firm T Rowe Price.
4. Eurostat said inflation in the 18 countries using the euro in December was -0.2 per cent year-on-year. Inflation in the Euro zone has been below 1 per cent or what the European Central Bank calls the danger zone since October 2013.
5. Book titled The Indian Parliament – A Critical Appraisal written by Prof. Sudha Pai and Avinash Kumar of Jawaharlal Nehru University was released by Vice President Hamid Ansari.
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