DOWNLOAD PDFCURRENT AFFAIRS 9th Feb., 2015
1. At the first meeting of the Governing Council of NITI (National Institution for Transforming India), Prime Minister Narendra Modi assured the States that the Centre could shed ‘one size fits all’ schemes. Centre and States will form three groups to address issues such as restructuring centrally-sponsored schemes, skill development, and making Swachh Bharat Abhiyaan a permanent programme.
2. Ministry of External Affairs clarified that the Civil Liability for Nuclear Damage Act of 2010 (CLND) presently prescribes that the maximum amount of liability in respect of each nuclear incident shall be the rupee equivalent of 300 million Special Drawing Rights (SDRs). GIC Re and 4 other PSUs will together contribute a capacity of Rs. 750 crore out of the Rs. 1,500 crore.
3. India will insist on giving separate market opening offers for goods to different members of the proposed regional comprehensive economic partnership (RCEP) pact. The ambitious pact, which includes goods, services, investment, economic & technical cooperation, intellectual property, competition and dispute settlement, is expected to create the largest regional trading bloc.
4. Mutual funds inflows has set record as market capitalisation of stocks held by funds has shot up 69 per cent between December 2013 and now. Their market wealth expanded far more than that of foreign portfolio investments (FPIs) last year. MFs scored by buying heavily in mid- and small-cap stocks.
5. At high-level World Trade Organization meeting, India has made substantial offers such as waiving visa fees, granting market access and technical assistance to service providers from poor nations and Least Developed Countries (LDCs). India will also design courses for about 1,000 LDC professionals every year, which will be conducted in India or any LDC country.
CURRENT AFFAIRS 8th Feb., 2015
1. Reserve Bank of India (RBI) decided to offer funds to banks for two days through the marginal standing facility (MSF) to ease liquidity for banks as outflows rose on account of tax. The MSF or the penal rate is set at 8.75 per cent, that is 1% above the repo rate of 7.75 per cent.
2. Union Government constituted a High Level Panel to suggest a framework to assess Corporate Social Responsibility (CSR) activities undertaken by companies under the Companies Act, 2013. The panel will be headed by former Union Home Secretary Anil Baijal.
3. Eminent Marathi writer Bhalchandra Nemade was chosen for the Jnanpith Award 2014 by the Jnanpith Selection Board. He is a novelist poet, critic, academic, and a relentless advocates of the literary movements and the leader of the post-1960s Little Magazine movement.
4. United Nations Security Council is preparing to adopt a legally binding resolution intended to choke the terrorist group's ability to trade in oil, antiquities and hostages. It also calls for sanctions against those who help the banned terrorist organisation produce and smuggle oil out of Syria, and reminds all countries around the world that it is already illegal to pay the group ransom in exchange for hostages.
5. Standard & Poor's cut Greece's long-term sovereign credit rating to B- from B warning that liquidity restraints on Greek banks would limit the time the new government has to clinch a deal with its creditors.
1. At the first meeting of the Governing Council of NITI (National Institution for Transforming India), Prime Minister Narendra Modi assured the States that the Centre could shed ‘one size fits all’ schemes. Centre and States will form three groups to address issues such as restructuring centrally-sponsored schemes, skill development, and making Swachh Bharat Abhiyaan a permanent programme.
2. Ministry of External Affairs clarified that the Civil Liability for Nuclear Damage Act of 2010 (CLND) presently prescribes that the maximum amount of liability in respect of each nuclear incident shall be the rupee equivalent of 300 million Special Drawing Rights (SDRs). GIC Re and 4 other PSUs will together contribute a capacity of Rs. 750 crore out of the Rs. 1,500 crore.
3. India will insist on giving separate market opening offers for goods to different members of the proposed regional comprehensive economic partnership (RCEP) pact. The ambitious pact, which includes goods, services, investment, economic & technical cooperation, intellectual property, competition and dispute settlement, is expected to create the largest regional trading bloc.
4. Mutual funds inflows has set record as market capitalisation of stocks held by funds has shot up 69 per cent between December 2013 and now. Their market wealth expanded far more than that of foreign portfolio investments (FPIs) last year. MFs scored by buying heavily in mid- and small-cap stocks.
5. At high-level World Trade Organization meeting, India has made substantial offers such as waiving visa fees, granting market access and technical assistance to service providers from poor nations and Least Developed Countries (LDCs). India will also design courses for about 1,000 LDC professionals every year, which will be conducted in India or any LDC country.
CURRENT AFFAIRS 8th Feb., 2015
1. Reserve Bank of India (RBI) decided to offer funds to banks for two days through the marginal standing facility (MSF) to ease liquidity for banks as outflows rose on account of tax. The MSF or the penal rate is set at 8.75 per cent, that is 1% above the repo rate of 7.75 per cent.
2. Union Government constituted a High Level Panel to suggest a framework to assess Corporate Social Responsibility (CSR) activities undertaken by companies under the Companies Act, 2013. The panel will be headed by former Union Home Secretary Anil Baijal.
3. Eminent Marathi writer Bhalchandra Nemade was chosen for the Jnanpith Award 2014 by the Jnanpith Selection Board. He is a novelist poet, critic, academic, and a relentless advocates of the literary movements and the leader of the post-1960s Little Magazine movement.
4. United Nations Security Council is preparing to adopt a legally binding resolution intended to choke the terrorist group's ability to trade in oil, antiquities and hostages. It also calls for sanctions against those who help the banned terrorist organisation produce and smuggle oil out of Syria, and reminds all countries around the world that it is already illegal to pay the group ransom in exchange for hostages.
5. Standard & Poor's cut Greece's long-term sovereign credit rating to B- from B warning that liquidity restraints on Greek banks would limit the time the new government has to clinch a deal with its creditors.
0 comments:
Post a Comment
[img]https://1.bp.blogspot.com/-aFPBR4LADew/V85_aRWKXkI/AAAAAAAAHAw/O_N9dmf5tMQu0kSfbC3NU2yCzkLVQV7eACLcB/s320/share.png[/img]