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This document consists of all important news and events of last 6 months which can come in SBI Associate
Assistant Exam.
Current RBI Policy & Reserve Rates:
Repo Rate
Reverse Repo
CRR
SLR
MSF
Bank Rate
7.75% (Changed)
6.75% (Changed)
4% (Unchanged)
22% (Unchanged)
8.75% (Changed)
8.75% (Changed)
Note: As on 30, Sept, 2014, RBI (Reserve Bank of India) in its fourth bimonthly monetary policy statement kept the
key policy rate unchanged.
News related to RBI
1. RBI issued guidelines for setting up a trading platform for trade receivables and bills of exchanges of Micro and Small and
Medium Enterprises - MSME. The Trade Receivables Discounting System - TReDS should have a minimum paid up
equity capital of 25 crore rupees and non-promoters would not hold over 10 per cent of the equity capital of TReDS.
2. RBI relaxed norms for Pre-paid Payment Instruments (PPIs) and doubled the limit to one lakh rupees from 50000
rupees.
Highlights of RBI norms on PPI
i. The maximum validity of gift cards has been enhanced from one year to three years. Other provisions of PPI guidelines
with respect to gift cards will continue.
ii. RBI also allowed issue of multiple PPIs by banks from fully-KYC compliant bank accounts for dependent or family
members. Only one card can be issued to one beneficiary. The central bank also permitted banks to issue rupee
denominated PPIs for visiting foreign nationals and NRIs.
3. RBI keeps interest rate unchanged
i. RBI in its fifth bi-monthly monetary policy statement kept the policy rates unchanged.
ii. The headline inflation has been receding steadily, and current readings are below the January 2015 target of 8 per cent
as well as the January 2016 target of 6 per cent,'' the RBI said.
4. RBI eased gold imports and scrapped 20:80 schemes. The decision to withdraw the 20:80 schemes will cut smuggling of
gold and raise legal shipments into India.
5. Government needs to infuse as much as Rs 2.4 lakh crore ($38.78 billion) into state-owned banks by end-March 2019 to
meet different kinds of capital requirements including Basel III, provisioning for asset quality, and additional risks, said a
central bank Deputy Governor SS Mundra.
6. RBI tightens norms for NBFCs: Tightening norms for non-banking financial companies (NBFCs), the Reserve Bank of
India raised the capital adequacy requirement and the net owned fund limit, among others, with an objective to mitigate
risks in the sector.
Note: i. At present, the net owned fund (NOF) requirement is at Rs.25 lakh. In a phased manner, the NBFCs would be
required to raise it to Rs.1 crore by March, 2016, and to further double it to Rs.2 crore by 2017.
iii. Also, NBFCs primarily engaged in lending against gold jewellery, will have to maintain a minimum Tier I capital (or
equity capital) of 12 per cent with effective from April 1 as against existing requirement of 10 per cent.
iv. For deposit and non-deposit taking NBFCs, Capital to Risk (Weighted) Assets Ratio or CRAR, which includes Tier I
capital of 7.5 per cent, which have to be raise the Tier I capital to 8.5 per cent by end of March 2016 and 10 per cent by
March, 31, 2017.
7. The Reserve Bank has signed a pact with Central Bank of Kenya for exchange of information and supervisory
cooperation.
8. RBI Draft Guidelines for Licensing of New Banks in the Private Sector
Key points:
i. Minimum capital requirement will be Rs 500 crore.
ii. Aggregate foreign shareholding in the new bank should not exceed 49 per cent for the first five years.
iii. The new bank should open at least 25 per cent of its branches in unbanked rural centres.
9. Non-Banking Financial Company (NBFC): A Non-Banking Financial Company (NBFC) is a company registered under the
Companies Act, 1956 are financial institutions that provide banking services without meeting the legal definition of a bank,
i.e. one that does not hold abanking license.
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ii. Small banks will be required to maintain a minimum capital adequacy ratio of 15 per cent of the loans on a continuous
basis.
iii. In the draft guidelines, the RBI had suggested that small banks would have a restricted area of operations (possibly
contiguous districts in a homogenous States). However, in the final guidelines, these restrictions have been removed. The
small bank will be required to extend 75 per cent of its credit to the priority sector
Payment Banks:
i. Payments banks can accept deposits current and savings bank from individuals, small businesses and other
entities but cannot provide loans. However, they cannot
accept non-resident Indian deposits.
ii. The payment bank will initially be restricted to holding a maximum balance of Rs1 lakh per individual customer.
iii. While the bank can issue ATM/debit cards, it cannot issue credit cards.It can contract outside liabilities (deposits) but
not exceeding 33.33 times (against 20 times in the draft guidelines) its net worth.
13. RBI issues guidelines for NBFCs on lending against shares.
Note: According to the guidelines applicable to NBFCs with asset size of Rs. 100 crore and above, the NBFCs have
to maintain a loan-to-value (of shares pledged) of 50 per cent and accept only Group 1 securities as collateral for
loans of a value more than Rs. 5 lakh.
14. RBI notified the increase in deposit money under Public Provident Fund, PPF to 1.5 lakh rupees from 1 lakh rupees.
15. The Reserve Bank of India (RBI) issued draft guidelines for implementation of Bharat Bill Payment System (BPPS),
an 'anytime anywhere' bill payment system:
Note: i. Bharat Bill Payment System is intended for the implementation of a unified bill payment system across the
country.
This integrated bill payment system will comprise of two entities:
i. Entity operating at Bharat Bill Payment System (BBPS) will be setting up the standards related to payments, clearance
and settlement process
ii. Second entity would be Bharat Bill Payment Operating Units (BBPOUs). It will be carrying out the operations in
adherence to the standards fixed by BBPS.
iii. Authorised entities such as agents, banks, service providers, payment gateways would be the participants at the Bharat
Bill Payment System.
16. Raghuram Rajan, the Governor of the Reserve Bank of India (RBI) announced that plastic currency notes will be launched
in 2015 after field trials.
17. Reserve Bank of India (RBI) issued the guidelines to allow the minors of age above 10 years to independently open and
operate savings bank accounts and use other facilities like ATM and cheque books. 20. RBI panel headed by ex-Chairman
of Axis Bank, P. J. Nayak recommend for diluting govt stake in public sector banks to below 50 %. The government should
cut its holding in public sector banks to under 50 per cent.
18. Reserve Bank of India granted banking licences to infrastructure financing firm IDFC and microfinance institution
Bandhan
Note: The in-principle approval will be valid for a period of 18 months during which the applicants have to comply with
the requirements under the guidelines and fulfil the other conditions as may be stipulated by the RBI.
Chandra Shekhar Ghosh: CMD of Bandhan financial services
Dr. Rajiv B. Lall: Chairman of IDFC Infrastructure Finance Company.
19. Reserve Bank of India (RBI) issued the guidelines to allow the minors of age above 10 years to independently open and
operate savings bank accounts and use other facilities like ATM and cheque books.
20. RBI extended the timeline for full implementation of Basel III norms 31 March 2019 instead of 31 March 2018.
21. The Reserve Bank of India has inked a memorandum of understanding (MoU) with the Monetary Authority of Hong
Kong for exchange of supervisory information.
22. RBI permits NBFCs to work as Business Correspondents of banks: With a view to achieve financial inclusion, the
Reserve Bank of India has allowed Non-Banking Finance Companies to operate as Business Correspondents (BCs) of banks,
permitting them to offer limited services. Banks will be allowed to work with non-deposit taking NBFCs as BCs. Note:
The RBI took into account recommendations of Nachiket Mor Committee while reviewing the existing guidelines on
the appointment of BCs
23. The Reserve Bank of India said banks should make all new ATMs installed from July 1, 2014 as talking ATMs with
Braille keypads.
SBI in news SBI to raise Rs.4,000 cr for BPCL's petrochemical plan
i. State-run Bharat Petroleum Corporation Ltd (BPCL) is planning to raise Rs.4,000crore for the expansion of its Kochi
refinery and to fund its petrochemicals venture, said three banking sources aware of the development.
ii. BPCL is planning to diversify into downstream petrochemicals with an investment of Rs.4,588crore by using propylene.
State Bank of India to launch Islamic equity fund
i. State-owned bank will launch an Islamic equity fund next month aimed primarily at the country's 170 million
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Muslims.SEBI recently allowed the government-owned State Bank of India BSE 0.41 % and three mutual funds to launch
Sharia funds. Note:India is only the second country outside the Islamic world where a state-owned bank is offering a
Sharia-compliant fund. The U.K. issued sovereign Islamic bonds in June.
SBI launches first homegrown economic indicator the SBI Monthly Composite Index and the SBI Yearly Composite
Index that will primarily track manufacturing activity and offer a forward-looking economic trends.
SBI Online were among the three most searched words on the internet search engine in 2014.
SBI signed 500 million dollar Line of Credit with Export-Import Bank of Korea (Korea Eximbank).
SBI, celebrated 150 years of its operations in Sri Lanka on 13/Sept/2014.
SBI launches mPassBook facility on its smartphone application anywhere' mobile application, for its retail banking users.
SBI lend $ 1 billion to Adani Group to build Australian coal mine which it aims to build by end-2017. Founder of Adani
Group Gautam Adani.
SBI Cards ties up with Future Group company Fashion at Big Bazaar (FBB) to offer a co-branded CREDIT CARD,
Styleup.
Modern Banking Facts:
ICICI Bank was the first Indian Bank to provide internet banking
facility.
ICICI Bank was the first Bank to provide Mobile ATM.
Bank of Baroda has the maximum number of overseas branches.
SBI (State Bank of India) has the total number of maximum branches
and holds 2nd position in the world.
India's first "talking" Automated Teller Machine (ATM) launched by Union Bank of India (UBI) for visually impaired
was launched in Ahmedabad (Gujarat).
RBI to issue Rs 10 plastic currency notes in 5 cities: Kochi, Mysore, Jaipur, Bhubhaneswar and Shimla.
Note: First plastic notes issued by Australia in 1988.
RuPay is an Indian domestic card scheme conceived and launched by the National Payments Corporation of India (NPCI).
RuPay facilitates electronic payment at all Indian banks and financial institutions, and competes with MasterCard and Visa
in India.
India's first non-bank owned ATM (White Label ATMs) opens in Maharashtra: Tata Communications Payments
Solutions Ltd, a wholly owned subsidiary of Tata Communications Ltd, opened first White Label ATM at Chandrapada in
Thane district, in Maharashtra.
Banking topics in news
NPAs (Non Pe rf ormi ng Asse ts):
i. A mortgage in default would be considered non-performing, after a prolonged period of non-payment(90 days).
ii. The lender will force the borrower to liquidate any assets that were pledged as part of the debt agreement. If no assets were
pledged, the lenders might write-off the asset as a bad debt and then sell it at a discount to a collections agency.
Debt recovery tribunal (DRT- A court for such cases) A person whose account is declared as NPA
SARFAESI ACT - In 2002, Govt. gave banks a lifeline called as SARFAESI Act (Securitization and Reconstruction of
Financial Assets and Enforcement of security interest Act)
i. With this Act bank has the power to take possession of the owners mortgaged property or can transfer this to some
other ownership.
What bank will do with the acquired property?
i. Bank can use this for their own purpose like , opening a new branch on it, installing of ATMs etc.
ii. Bank can advertise in newspapers for the auction of the property acquired and could auction them on any pre decided day.
iii.Bank can sell the property to ARC (Asset Reconstruction Company), these are registered companies under RBI, they buy
such assets from banks and sell them at higher prices to gain profits.
Goods and Services Tax i. It is an indirect tax that will lead to the abolition of all other taxes such as, central sales tax, state-level sales tax, excise duty,
service tax, and value-added tax (VAT). Both the state and the central governments will impose GST on almost all goods and
services produced in India or imported into the country.
ii. Exports will not be subject to GST. Direct taxes, such as income tax, corporate tax and capital gains tax will not be affected.
It will simplify India's tax structure, broaden the tax base, and create a common market across states. This will lead to
increased compliance and increase India's tax-to-gross domestic product ratio.
iii. The highest rate of taxation under GST will be around 15 per cent in the first year, and eventually come down to 12 per cent
in the second year. By comparison, the current rate of the various indirect taxes levied in India amounts to roughly 20 per cent.
Goods deemed necessary or of basic importance will be taxed at a lower rate.
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iv. The GST can be implemented only through a Constitutional Amendment Bill, which means it needs to be approved by not
less than two-thirds of the members present and voting in each House of Parliament. The GST must also be ratified by the
legislatures of at least one-half of the states.
v. States will get one-year time to implement the provisions of Goods and Services Tax (GST) after introduction of the new
indirect tax regime from 1st April 2016.
Types of Bank Accounts in India (Deposit Accounts)
Traditionally banks in India have four types of deposit accounts, namely Saving Banking Accounts, Current Accounts,
Recurring Deposits and, Fixed Deposits.
1. Saving Account - Saving accounts are opened to encourage the people to save money and collect their savings. The saving
account holder is allowed to withdraw money from the account as and when required. The interest on Saving Bank
Accounts was fixed by RBI and it was fixed at 4.00% on daily balance basis. RBI has deregulated Saving Fund account
interest rates and now banks are free to decide the same within certain conditions imposed by RBI.
Features of Saving Accounts
1. There is no restriction on the number and amount of deposits. However, in India, mandatory PAN (Permanent Account
Number) details are required to be furnished for doing cash transactions exceeding 50,000.
2. Withdrawals are allowed subject to certain restrictions.
3. A minimum amount has to be kept on saving account to keep it functioning.
2. Current Account - Current Accounts are basically meant for businessmen and are never used for the purpose of investment
or savings.
Features of Current Accounts
(1) The main objective of Current Account holders in opening these account is to enable them (mostly businessmen) to
conduct their business transactions smoothly.
(2) There are no restrictions on the number of times deposit in cash / cheque can be made or the amount of such deposits;
(3) Usually banks do not pay any interest on such current accounts.
(4) The current accounts do not have any fixed maturity as these are on continuous basis accounts.
(5) Cheque book facility is provided and the account holder can deposit all types of the cheques and drafts in their name or
endorsed in their favour by third parties.
3. Recurring Desposit Account: Recurring Deposit is a special kind of Term Deposit offered by banks in India popularly
known as RD accounts which help people with regular incomes to deposit a fixed amount every month into their Recurring
Deposit account and earn interest at the rate applicable to Fixed Deposits.
Features of RD Accounts
1. Recurring Deposit accounts are normally allowed for maturities ranging from 6 months to 120 months
2. These accounts can be opened in single or joint names. Nomination facility is also available.
3. Rate of Interest offered is similar to that in Fixed Deposits.
4. Interest is compounded on quarterly basis in recurring deposits.
4. Fixed Deposit Account (FD) - The account which is opened for a particular fixed period (time) by depositing particular
amount (money) is known as Fixed (Term) Deposit Account. The term 'fixed deposit' means that the deposit is fixed and is
repayable only after a specific period is over. Under fixed deposit account, money is deposited for a fixed period say six
months, one year, five years or even ten years. The money deposited in this account can not be withdrawn before the expiry of
period.
Features of FD Accounts
1. The main purpose of fixed deposit account is to enable the individuals to earn a higher rate of interest on their surplus
funds (extra money).
2. The amount can be deposited only once. For further such deposits, separate accounts need to be opened.
3. Fixed Deposit Account may be opened for a minimum period of 7 days and maximum period of 10 years.
4. The minimum amount required to open a Fixed Deposit is Rs.1000.
5. Withdrawals are not allowed. However, in case of emergency, banks allow to close the fixed account prior to maturity date.
In such cases, the bank deducts 1% (deduction percentage many vary) from the interest payable as on that date.
About (BASIC SAVING BANK DEPOSIT ACCOUNT): Under the guidelines issued on August 10, 2012 by RBI: Any
individual, including poor or those from weaker section of the society, can open zero balance account in any bank. BSBDA
guidelines are applicable to "all scheduled commercial banks in India, including foreign banks having branches in India". ii.
The aim of introducing 'Basic Savings Bank Deposit Account' is very much part of the efforts of RBI for furthering Financial
Inclusion objectives.
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ATMs: (Automated Teller Machine): The ATM debit cards, credit cards and prepaid cards (that permit cash withdrawal)
issued by banks can be used at ATMs for various transactions.
WHITE Label ATMs: ATMs which are owned and operated by non-banking companies are called White Label ATMs.
Note: RBI authorised four entities to operate as WLAs namely Tata Communications Payment Solutions, Prizm Payment
Services Pvt. Ltd, Muthoot Finance Limited and Vakrangee Ltd.
Personal Identification Number (PIN) : A Personal Identification Number is a secret numeric password shared between
user and a system that can be use to authenticate the user to the system.
MICR (Magnetic Ink Character Recognition): MICR stands for Magnetic Ink Character Recognition. MICR Code is a 9
numeric digit code which uniquely identifies a bank branch participating in the ECS Credit scheme. MICR code consists of 9
digits e.g 400229128
i. First 3 digits represent the city (400)
ii. Next 3 digits represent the bank (229)
iii. Last 3 digits represent the branch (128)
Note: The MICR Code allotted to a bank branch is printed on the MICR band of cheque leaves issued by bank branches.
Cheque Truncation:
i. Truncation is the process of stopping the flow of the physical cheque issued by a drawer at some point with the
presenting bank en-route to the drawee bank branch.
ii. In its place an electronic image of the cheque is transmitted to the drawee branch by the clearing house, along with
relevant information like data on the MICR band, date of presentation, presenting bank, etc.
iii. Cheque Truncation speeds up the process of collection of cheques resulting in better service to customers, reduces the
scope for clearing-related frauds or loss of instruments in transit, lowers the cost of collection of cheques, and removes
reconciliation-related and logistics-related problems, thus benefitting the system as a whole.
Bancassurance: The sale of insurance and other similar products through a bank. This can help the consumer in some
situations; for example, when a bank requires life insurance for those receiving a mortgage loan the consumer
could purchase the insurance directly from the bank.
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i. The Banking Ombudsman Scheme enables an expeditious and inexpensive forum to bank customers for resolution of
complaints relating to certain services rendered by banks.
ii. The Banking Ombudsman is a senior official appointed by the Reserve Bank of India to redress customer complaints
against deficiency in certain banking services.
iii. All Scheduled Commercial Banks, Regional Rural Banks and Scheduled Primary Co-operative Banks are covered under
the Scheme.
Other Important Points:
The Banking Ombudsman does not charge any fee for filing and resolving customers complaints.
The amount, if any, to be paid by the bank to the complainant by way of compensation for any loss suffered by the
complainant is limited to the amount arising directly out of the act or omission of the bank or Rs 10 lakhs, whichever is
lower.
The Banking Ombudsman may award compensation not exceeding Rs 1 lakh to the complainant only in the case of
complaints relating to credit card operations for mental agony and harassment.
If a complaint is not settled by an agreement within a period of one month, the Banking Ombudsman proceeds further to
pass an award. Before passing an award, the Banking Ombudsman provides reasonable opportunity to the complainant
and the bank, to present their case.
If one is not satisfied with the decision passed by the Banking Ombudsman, one can approach the appellate authority
against the Banking Ombudsmens decision. Appellate Authority is vested with a Deputy Governor of the RBI.
If one is aggrieved by the decision, one may, within 30 days of the date of receipt of the award, appeal against the award
before the appellate authority.
Deposit insurance and credit guarantee corporation (DICGC)
All commercial banks including branches of foreign banks functioning in India, local area banks and regional rural banks are
insured by the DICGC. Note: Primary cooperative societies are not insured by the DICGC.
Maximum deposit amount insured by the DICGC - Each depositor in a bank is insured upto a maximum of Rs.1,00,000
(Rupees One Lakh).
Credit Information Bureau (India) Limited: is Indias first Credit Information Company (CIC) founded in August 2000.
CIBIL collects and maintains records of an individuals payments pertaining to loans and credit cards.
Headquarter Mumbai
Coins in India
Coins: The Government of India has the sole right to mint coins.
Denominations: Coins in India are presently being issued in denominations of one rupee, two rupees, five rupees and ten
rupees.
Currency in India
Currency: Banknotes in India are currently being issued in the denomination of Rs 10, Rs 20, Rs 50, Rs 100, Rs500,
and Rs1000. These notes are called banknotes as they are issued by the Reserve Bank of India (Reserve Bank).
Bank Notes in India
Contemporary Currency notes have 15 languages on the panel
which appear on the reverse of the note.
Soiled Notes: Soiled notes are those which have become dirty and slightly cut.
Mutilated Notes: Notes which are in pieces and/or of which the essential portions are missing can also be exchanged.
Imperfect banknotes: Imperfect banknote means any banknote, which is wholly or partially, obliterated, shrunk, washed,
altered or indecipherable but does not include a mutilated banknote.
The deadline for exchanging pre-2005 currency notes of various denominations, including Rs 500 and Rs 1,000, has been
extended by another six months till June, 30, 2015.
i. The Reserve Bank of India has stated that the public can do so till June 30, 2015. Earlier in March 2014, it had set the last
date for public to exchange these notes was January 1, 2015.
ii. Post-2005 notes have added security features and help in curbing the menace of fake currency.
Security Features of Indian Banknotes
Watermark
Security Thread
Latent Image
Intaglio
Identification Mark
Fluorescence
See through Register
Legal provisions against counterfeiting
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Microlettering
Optically Variable Ink
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18. BOND: Publicly traded ling term debt securities issued by corporations and governments, whereby the issuer agrees to
pay a fixed amount of interest over a specified period of time and to repay a fixed amount of principal maturity.
19. CRAR(Capital to Risk Weighted Assets Ratio): Capital to risk weighted assets ratio is arrived at by dividing the capital of
the bank with aggregated risk weighted assets for credit risk, market risk and operational risk.
20. Non Performing Assets (NPA): An asset (loan), including a leased asset, becomes non performing when it stops generatig
income for the bank. Note: Once the borrower has failed to make interest or principle payments for 90 days the loan is
considered to be a non-performing asset.
21. Inflation: inflation is a rise in the general level of prices of goods and services in an economy over a period of time. When
the general price level rises, each unit of currency buys fewer goods and services. Consequently, inflation reflects a
reduction in the purchasing power per unit of money a loss of real value in the medium of exchange and unit of account
within the economy.
22. GDP - An estimated value of the total worth of a countrys production and services, within its boundary, by its nationals
and foreigners, calculated over the course on one year.
Note: GDP = consumption + investment + (government spending) + (exports imports). Total value of products & Services
produced within the territorial boundary of a country.
23. GNP - An estimated value of the total worth of production and services, by citizens of a country, on its land or on foreign
land, calculated over the course on one year.
Note: GNP = GDP + NR (Net income inflow from assets abroad or Net Income Receipts) - NP (Net payment outflow to
foreign assets). Total value of Goods and Services produced by all nationals of a country (whether within or outside the
country).
Credit Rating Agency in India & World
Indian credit rating industry mainly comprises of CRISIL, ICRA, CARE, ONICRA, FITCH (India Ratings & Research) & SMERA.
CRISIL - Credit Rating Information Services of India Limited, Headquarter Mumbai
ICRA - Investment information and credit rating agency Headquarter - Gurgaon, India
CARE - Credit Analysis and Research Headquarters Mumbai
ONICRA - Headquarter - Gurgaon, India
SMERA - Headquarters Mumbai
Fitch (India Ratings & Research) - Headquarters Mumbai
Note: CRISIL is the largest credit rating agency in India, with a market share of greater than 60%.
Leading Credit Rating Agency in World
1. Standard & Poor's (S&P) Headquarter New York, US
2. Moody's Headquarter - New York, US
3. Fitch - Headquarter - New York, US
Regulators in India:
Regulator
Reserve Bank of India (RBI)
Sectors
Financial system and monetary policy, Money Market
Chairman
Raghuram
Rajan
U.K. Sinha
Headquarter
Mumbai
Insurance industry
T. S. Vijayan
Hyderabad
Telecommunication Industry
Rahul Khullar
New Delhi
Commodity Market
Mumbai
Pension sector
Ramesh
Abhishek
Hemant
Contractor
Money Market in
India
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Mumbai
New Delhi
Money Market: Money Market is the part of financial market where instruments with high liquidity and very short-term
maturities are traded. It's the place where large financial institutions, dealers and government participate and meet out
their short-term cash needs. Due to highly liquid nature of securities and their short-term maturities, money market is
treated as safe place.
Role of Reserve Bank of India:The Reserve Bank of India (RBI) plays a key role of regulator and controller of
money market. The intervention of RBI is varied curbing crisis situations by reducing key policy rates or curbing
inflationary situations by rising key policy rates such as Repo, Reverse Repo, CRR etc.
Short Term Deposit: In deposit terminology, the term Short Term Deposit refers to an amount of money placed in a
bank or financial institution for a term no longer than one year. A Short Term Deposit will usually earn a fixed rate of
interest. Note: Short Term Deposits are also known as time or term deposits, with perhaps the most popular name
being short term certificates of deposit or CDs.
Call Money: Call Money is the borrowing or lending of funds for 1day.
Notice Money: Money borrowed or lend for period between 2 days and 14 days it is known as Notice Money
Term Money: Term Money refers to borrowing/lending of funds for period exceeding 14 days
Money Market Instruments: Money Market Instruments provide the tools by which one can operate in the money
market. Money market instrument meets short term requirements of the borrowers and provides liquidity to the lenders.
The most common money market instruments are Treasury Bills, Certificate of Deposits, Commercial Papers, Repurchase
Agreements and Banker's Acceptance.
1. Treasury Bills (T-Bills): Treasury Bills are one of the safest money market instruments as they are issued by Central
Government. At present, the Government of India issues three types of treasury bills through auctions, namely, 91-day,
182-day and 364-day. There are no treasury bills issued by State Governments.
Amount: Treasury bills are available for a minimum amount of Rs.25,000 and in multiples of Rs. 25,000. Treasury
bills are issued at a discount and are redeemed at par
2. Commercial Paper (CP) - Commercial Paper (CP) is an unsecured money market instrument issued in the form of a
promissory note.
Who can issue CP - Corporates, primary dealers (PDs) and the All-India Financial Institutions (FIs) are eligible to issue CP.
Minimum and maximum period of maturity for CP: CP can be issued for maturities between a minimum of 7 days and a
maximum of up to one year from the date of issue. However, the maturity date of the CP should not go beyond the date up
to which the credit rating of the issuer is valid.
In what denominations a CP that can be issued: CP can be issued in denominations of Rs.5 lakh or multiples thereof.
Who can invest in CP: Individuals, banking companies, other corporate bodies (registered or incorporated in India) and
unincorporated bodies, Non-Resident Indians (NRIs) and Foreign Institutional Investors (FIIs) etc. can invest in CPs.
3. Certificate of Deposit (CD) is a negotiable money market instrument and issued in dematerialised form or as a Usance
Promissory Note against funds deposited at a bank or other eligible financial institution for a specified time period.
Who can issue CD: CDs can be issued by (i) scheduled commercial banks {excluding Regional Rural Banks and Local Area
Banks}; and (ii) select All-India Financial Institutions (FIs) that have been permitted by RBI to raise short-term resources
within the umbrella limit fixed by RBI.
Minimum and maximum period of maturity for CD: The maturity period of CDs issued by banks should not be less than
7 days and not more than one year, from the date of issue.
Note: The FIs (Financial Institutions) can issue CDs for a period not less than 1 year and not exceeding 3 years from the
date of issue.
Minimum Size of Issue and Denominations: Minimum amount of a CD should be Rs.1 lakh, i.e., the minimum deposit
that could be accepted from a single subscriber should not be less than Rs.1 lakh, and in multiples of Rs. 1 lakh thereafter.
4. Repurchase Agreements (Repo): Repurchase Agreements which are also called as Repo or Reverse Repo are short term
loans that buyers and sellers agree upon for selling and repurchasing. Repo or Reverse Repo transactions can be done only
between the parties approved by RBI and allowed only between RBI-approved securities such as state and central
government securities, T-Bills, PSU bonds and corporate bonds. They are usually used for overnight borrowing.
5. Banker's Acceptance: Banker's Acceptance is like a short term investment plan created by non-financial firm, backed by a
guarantee from the bank. It's like a bill of exchange stating a buyer's promise to pay to the seller a certain specified amount
at a certain date. And, the bank guarantees that the buyer will pay the seller at a future date. Firm with strong credit rating
can draw such bill. These securities come with the maturities between 30 and 180 days and the most common term for
these instruments is 90 days.
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With you all the way, Pure Banking Nothing Else, The Nations banks on us
You can always bank on us.
Working for a better tomorrow
Blending Modernity with Tradition
A long Tradition of Trust
A Tradition of Trust
Where India Banks
Indias International Bank
Relationship beyond banking
Empowering Women
One family one bank
Together We Can
Central To you Since 1911
A Premier Public Sector Bank
Trusted Family Bank
You focus on exports. We cover the risks
Banking For All, Aao Sochein Bada
Your Tech- Friendly Bank
Good people to grow with
The name you can bank upon
Where service is a way of life
Where every individual is committed
Honours Your Trust
Good People to Bank with
The Bank that begins with U
A friend you can bank on
Badhti Ka naam Zindagi
Hum Hai Na, Khyal Apka
We understand your world indeed
Experience our Expertise
The worlds local bank
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Thiruvananthapuram
Bangalore
Patiala
Hyderabad
Mumbai
Mumbai
Mumbai
Mumbai
Mumbai
Kolkata
Kolkata
Kolkata
New Delhi
New Delhi
New Delhi
New Delhi
Bangalore
Bangalore
Chennai
Chennai
Vadodara
Manipal(Karnataka)
Mangalore
Hyderabad
Pune
Note: There are a total of 27 PSBs in India [21 Nationalised banks + 6 State bank group (SBI + 5 associates) ]
ii. At present there are 23 Private Banks functioning in India
iii. At present there are 56 RRBs (Regional Rural Banks ) functioning in India.
iv. At present there are 41 Foreign Banks functioning in India
FDI Limits
List of Limits in Various Sectors (In %)
1.
Defence
49
2.
Pension
49
3.
Insurance
49
4.
Print Media
26
5.
Civil Aviation
49
6.
Public Sec. Banks
20
7.
Private Sec. Banks
74
8.
Multi Brand
51
9.
Single Brand
100
10.
Tourism
100
Indi as GDP F ore cast:
India's economic growth has declined to 5.3 per cent during July to September, from the previous quarter's 5.7 per cent.
Fitch expects real GDP growth to pick up to 5.6 per cent in FY15 and 6.5 per cent in FY16
Domestic ratings agency India Ratings revised down its economic growth estimate for 2014-15 fiscal to 5.6 per cent.
Organisation for Economic Co-operation and Development, OECD has projected 5.4 percent growth for the Indian
economy for 2014 -15 year.
RBI pegged 2014-15 GDP growth at a central estimate of 5.5 % will improve to 6.3 per cent in 2015-16.
World Bank estimates 5.6% growth for current fiscal i.e. 2014-15 and 6.4 per cent in 2015-16 and 7 per cent in 2016-17.
IMF projected GDP growth for India in 2014-15 at - 5.6 % & 6.4 % in 2015
ADB pegs India GDP growth rate for 2014-15 at 5.5 % & 6.3 % in 2015
JP Morgan cut India 2014-15 growth forecast to 5.1 percent from 5.3 percent
Economic and Social Commission for Asia and the Pacific,(ESCAP) - Indian economy to grow at 5.5 percent in current
fiscal
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Moody (Credit Rating Agency) projected India growth rate expected to accelerate to 5.2 % in 2014 and 6.5 % by end of
2015.
FICCIs Economic Outlook Survey estimated Indias GDP growth rate at 5.6 percent in 2014-15
According to a UN report Indian economy expected to grow by 5.5% in current fiscal.
According to United Nations Conference on Trade and Development (UNCTAD) Indian economy will grow at a rate of
5.6 per cent in 2014
India ranking in different Indexes:
1. Transparency International India (TII) Corruption Index India ranked 85th among 175(Denmark topped)
2. World Bank - Ease of Doing Business" report - India ranked 142 among the 189 countries (Singapore top)
3. Political empowerment sub index 15 (Iceland top the list, US ranked 20)
4. World Economic
5. Forum's 2014 Gender gap index 114 (Iceland top the list followed by Finland & Norway)
6. Global Hunger Index Report 2014: 55 (Mauritius top followed by Thailand and Albania)
7. Human Development Index 2014 135 (Norway top followed by Australia).
8. Global Environment Performance Index 2014 155 (Switzerland followed by Luxembourg, Australia)
9. Intellectual property (IP) environment 2014 25 (US ranked on the top followed by UK and France)
10. World Press Freedom Index 2014 - 140 in the list of 180 countries
11. World's best countries for doing business 2014 134
12. Global Peace Index 2014 143 (Iceland top the list while Syria the most violent place)
13. Global Innovation Index 2014 - 76
14. Global Competitiveness Index 2014 -71 (Switzerland is the most competitive economy, followed by Singapore).
Index/Reports Issued by different organizations in World:
1. World Economic Outlook is published by: International Monetary Fund (IMF).
2. Global Hunger Index is issued by: International Food Policy Research Institute
3. Global Peace Index is issued by: Institute for Economics and Peace
4. Global Corruption Index is issued by: Transparency International
5. Global Competitiveness Index is issued by: World Economic Forum
6. Human Development Report is issued by: United Nations Development Programme (UNDP)
7. Gender Inequality Index is issued by: United Nations Development Programme (UNDP)
News Related to Banking & Finance
1. Anil Ambani led Reliance Group has sold its multiplex business to South India-based Carnival Group in the largest ever
deal in this space.
2. Wholesale inflation hits zero, lowest in over 5 years.The Wholesale Price Index (WPI) based inflation was at 1.77 per
cent in October and 7.52 per cent in November 2013.
3. Indias Forex reserves down $1.64 billion.The value of special drawing rights (SDRs) was lower by $21.6 million at
$4.20 billion.Gold reserves for the week under review were down by $753.2 million at $18.98 billion.
4. ONGC declares interim dividend, notifies 3 discoveries in Krishan Godavari Basin and Mumbai offshore and it will pay
its shareholders an interim dividend of 100 per cent.
5. Delhi HC banned Xiaomi to sell phones in India over patent issue with Ericcson.
6. Tata Power acquired 540 MW thermal power plant for 3000 crore rupees in Maharashtra.With this deal, Tata Power
aimed to increase its total capacity to 8885 MW.
7. India forex reserves up $ 1.432 billion to $ 316.311 billion
8. i. India's forex reserves surged by 1.432 billion US dollar to 316.311 billion dollar in the week ended 28th November.The
country's gold reserves remained unchanged at 19.738 billion dollar. The Special Drawing Rights increased by 6.4 million
dollar to 4.229 billion dollar, while the country's reserve position with the IMF also rose by 2.5 million dollar to 1.521
billion dollar during the week.
9. Mandatory for PSUs from 1st April, 2015 to procure 20 percent of products manufactured by MSME: Govt.
10. Kotak Mahindra Bank launches savings bank account for customers of 55 years and above. According to the release,
customers will earn 6 per cent pa on savings balance of over Rs 1 lakh and 5 per cent on balances up to Rs 1 lakh.To
earn higher return on their balances, they can sign up for the Kotak ActivMoney facility, which converts savings account
balance above a certain amount into term deposits.
11. ICICI Bank ties up with price comparison app Zopper for offline and online.
12. ICICI Bank sells Russian subsidiary - ICICI Bank Eurasia to Sovcombank.
13. PSU bank ATMs will be able to print in Hindi soon.
14. Central Bank to raise Rs. 626.23 cr from preferential issue to LIC.The capital raising committee of the board approved
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raising of additional equity capital by issuance of up to 8.28 crore shares at Rs. 75.55 a equity, Central Bank of India said in
a statement.
15. Punjab National Bank (PNB) on Wednesday said it will continue giving free transactions to all saving bank account
cardholders using PNB ATMs, irrespective of the number of transactions.
16. Canara Bank has signed a memorandum of understanding with Micro Energy Credits Corporation to finance bank
customers buying energy efficient green products such as cook stoves, solar home systems, biogas digestors and water
purifiers.The partnership has identified Chitradurga district in Karnataka to promote such green products on a pilot basis.
17. Kotak Mahindra Bank is the first bank to fully own an insurance business
i. Kotak Mahindra Bank BSE 0.07 % on Tuesday became the first bank to get the Reserve Bank of India's (RBI's)
permission to set up a wholly-owned non-life insurance company.
ii. The bank is already the promoter of a life insurance company in partnership with Old Mutual of South Africa.
Note: i. RBI guidelines allow a bank to hold max 50 per cent in insurance joint venture. However, RBI allowed some
exceptions, like SBI and ICICI Bank. In both these partnerships, the banks hold 74 per cent.ii. Kotak General Insurance will
be the 29th non-life company in the country. The last non-life insurer to get permission from the regulator was Cigna TTK
a health insurance company.ii. The last company to set up a full-fledged general insurance business was Liberty
Videocon General Insurance.
18. China beats India in November FII inflows: HSBC
i. According to the global financial services major, after two consecutive months of sell-offs, FIIs have warmed up to Asian
equities and all markets have received positive flows in November as the region recorded net inflows of $5.3 billion, out of
which India attracted $1.4 billion.
ii. Among Asian economies, China regained the top position as the most loved market, pushing India down to second
position in the region, while Thailand was placed at the third spot.
19. GMR Infrastructure has received the Securities and Exchange Board of India approval to raise up to Rs. 1,500 crore
through rights issue.
Note - In a rights issue, shares are issued to existing investors as per their holding at a pre-determined price and ratio.
20. E-retailing firm Snapdeal.com launched the online Agri store offering agricultural products to the farmers. The store was
launched on the occasion of National Farmer's Day (24th December).
i. The Agri Store aims to offer wide variety of farm items from seeds to fertilisers, farming tools and irrigation tools. This
online store is also accessible through mobile phones, making it convenient for farmers to shop.A Hindi version of the
store will also be launched soon to aid farmers in making an informed decision.
21. Government approved promulgation of an Ordinance to hike Foreign Direct Investment (FDI) cap in the insurance sector
to 49 per cent from 26 per cent.
i. The Insurance Bill, which has been pending since 2008 in the Rajya Sabha, seeks to increase the composite foreign
investment limit in insurance companies to 49 per cent from current level of 26 per cent.
ii. The proposed hike in foreign investment limit to 49 per cent in the insurance sector has potential to attract up to USD 78 billion (about Rs 50,000 crore) from overseas investors, giving a major boost to the segment.
iii. The 49 per cent cap would include both FDI and foreign portfolio investments.
22. Rajya Sabha refers two bills to Select Committees. The Payment and Settlement Systems (Amendment) Bill, 2014 and The
Repealing and Amending Bill, 2014 were passed by Lok Sabha in the Winter session of Parliament.
i.The Select Committee for Payment and Settlement Systems (Amendment) Bill, 2014 consists of 13 members.
ii. The other bill sent to the Select Committee is the Repealing and Amending Bill, 2014, which seeks to repeal 90
Amendment Acts which have become redundant.
23. Private sector lender Yes Bank has raised $200 million in an unsecured loan from Asian Development Bank for onlending
to small farm households and rural womens self help groups (SHG).
24. The Foreign Investment Promotion Board(FIPB) clears HDFC Bank's proposal to raise Rs 10,000 crore .
25. SEBI bars 260 entities for suspected tax evasion and laundering of black money through stock trading platforms, the
Securities and Exchange Board of India barred 260 entities, including individuals and companies, from the securities
markets.While 152 entities have been barred in one case relating to an entity, named First Financial Services Ltd, another
108 entities have faced the action in a case related to Radford Global Limited.
26. Flipkart files application with Singapore based companies regulator ACRA to become a public company after raising USD
700 million for long term strategic investments in India following which its number of investors exceeded 50.
27. Instagram worth $35 bn, surpasses Twitter. This beats Twitters market cap of $23 billion by a wide margin, wired.com
reported.
28. Adani Group's Australian subsidiary has signed an MOU with a South Korean steel giant POSCO for the construction of a
new strategic terminal at Abbot Point coal port to export high-quality coal globally at competitive rates.
29. Kotak Mahindra acquired ING Vysya Bank deal at around Rs 15,000 crore.
i. Kotak Mahindra Bank announced it was acquiring Bengalaru-headquartered ING Vysya Bank in an all-stock deal. ING
shareholders will get 725 Kotak Bank shares for every 1,000 shares they hold.
Note: ING Vysyas CEO-designate Uday Sareen will be inducted into the top management of Kotak; that is, operating
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management committee, reporting directly to Kotak Mahindra Bank Executive Vice-Chairman & Managing Director Uday
Kotak. All ING branches and employees would become Kotak branches and employees.
ii. After the merger, the ING group, with a 6.4 per cent stake, will become the second-largest shareholder in the bank.
According to regulations, RBIs approval is required for an entity other than the promoter to have more than five per cent
stake in a bank.
30. Tech Mahindra Ltd., Indias fifth largest software services exporter, acquired US-based Lightbridge Communications
Corporation (LCC) for $240 million.
31. Mozilla Firefox replaces default Google search engine with Yahoo. Yahoo replace Googles search engine on Firefoxs Web
browser in the U.S.
32. Kisan Vikas Patra (KVP) relaunched; money to double in 100 months: The KVP, relaunched by Finance Minister Arun
Jaitley, will be available in the denomination of Rs 1,000; 5,000; 10,000 and 50,000. There will be no upper ceiling on
investment. Earlier, it was launched by the Government on April 1, 1988.
Key Points of KVP:
i. No PAN requirement for investment in Kisan Vikas Patra
ii. There will also not be any upper limit on investment.
iii. It will be available to the investors in the denomination of Rs. 1000, Rs. 5,000, Rs. 10,000 and Rs. 50,000, with no upper
ceiling on investment.
iv. The certificates can be issued in single or joint names and can be transferred from one person to any other person /
persons, multiple times.
v. The facility of transfer from one post office to another anywhere in India and of nomination will be available.
vi. With a maturity period of 8 years 4 months (100 months), the collections under the scheme will be available with the
Government for a fairly long period to be utilized in financing developmental plans of the Centre and State Governments
and will also help in enhancing domestic household financial savings.
33. ADB (Asian Development Bank) approves $350 mn for upgradation of roads in Madhya Pradesh.
34. Indian Renewable Energy Development Agency, IREDA and US-Exim Bank signed a Memorandum of Understanding,
MoU on cooperation on clean energy investment.
Note: US Exim Bank will provide USD one billion for medium and long-term loans to finance US technologies, products and
services utilized during commercial development activities within the clean energy sector by IREDA.
35. India to replace Bilateral Investment Promotion and Protection Agreement (BIPA) with a new pact to protect
investments: The government plans to replace bilateral investment protection treaties with a new pact Bilateral
Investment Treaty (BIT) that seeks to plug loopholes and enhance legal protection of foreign investors in India as well as
Indian investments abroad.
36. United Bank of India (UBI) decided to continue with five free ATM transactions per month (including non financial
ones) at other bank ATMs for all savings account holders in both metros and non-metros.
Note: As per the new guidelines of the Reserve Bank of India (RBI), banks in six metros New Delhi, Mumbai, Chennai,
Kolkata, Hyderabad and Bangalore are free to charge other bank customers beyond 3 ATM transactions per month.
Banks have also been allowed to restrict free transactions to 5 for customers at its own ATM network.
37. Financial inclusion: Kerala became the first state in the country to have bank accounts for all families under Pradhan
Mantri Jan Dhan Yojna (PMJDY).
Note: In addition, Goa, Chandigarh, Puducherry and Lakshadweep and three districts of Gujarat- Porbandar, Mehasana,
Gandhi Nagar, have also covered all households under PMJDY with at least one bank account.
38. Axis Bank, Indias third largest private sector bank, has launched a smart self-service terminal that enables customers to
deposit as well as withdraw cash from the same machine.
39. Andhra Bank launches saving schemes for children, teenagers 'AB Little Stars'
40. HDFC became the first listed Indian company among the 30 SENSEX firms to have more than 75 percent shareholding by
Foreign Institutional Investors (FIIs).
41. Private sector lender Axis Bank has signed a pact with NongHyup Bank (NH Bank) to enhance cooperation in treasury,
trade and other business between India and South Korea.
42. China UnionPay (CUP), the payments company which was created to rival Visa and MasterCard in the Middle Kingdom, is
setting up shop in India.
Note: i. CUP cards are accepted in over 140 countries across the world and the payments giant is keen on enabling
acceptance in India.
ii. Through the Discover network, RuPay cards can be used in China and CUP cards can be used in India.
43. Trade deficit narrows to $13 bn in Oct: Due to decline in oil import, India's trade deficit for the month October has
narrowed to 13 billion dollars as compare to the previous month of 14.25 billion dollars
44. Black money: I-T probe to be completed by March 2015
i. With the Centre submitting a list of 627 account holders in foreign banks to Supreme Court in the black money case,
Attorney General Mukul Rohatgi said that the deadline for investigation under the Income Tax Act into these accounts is
31st March 2015.
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45. The World Bank offer financial help to create new infrastructure for Micro, Small and Medium Enterprises ( MSMEs) and
improve the condition of existing ones in Uttar Pradesh.
46. Collateral management firm Origo Commodities has tied up with NABARD to provide 'warehouse receipt financing' to
farmers in Andhra Pradesh and Telangana.
47. India set to become USD 2 trillion economy this year: IMF
Note: India is on the edge to become a USD two trillion economy this year, while its GDP size would cross another
milestone of USD three trillion after five years in 2019, according to IMF's latest world economic outlook.
ii. The United States would remain the world's largest economy in 2019 with a size of USD 22.15 trillion, followed by China
(USD 15.52 trillion) and Japan (USD 5.43 trillion).
48. Foreign direct investment in the services sector dipped by 9 per cent to USD 1.08 billion during the April-August period
of the ongoing fiscal. Note: The services sector contributes over 60 per cent to Indias GDP.
49. Karur Vysya Bank has bagged the Best Bank Award for Business Intelligence Initiatives among small banks.
50. Kerala-based Federal Bank was adjudged as the best bank for use of Technology for Financial Inclusion, Social Media
and Mobile Banking, Business Intelligence Initiatives and for Best IT Team, becoming the bank to have won the maximum
number of awards for 2013-14.
51. Corporation Bank launches e-Mandate service: To provide robust platform for large volume of repetitive payments,
Corporation Bank has launched the e-Mandate (digital mandate) service. The e-Mandate service will be beneficial to the
utility companies for monthly subscriptions/bill payments; insurance companies for premium payment by policy holders;
52. Kotak Mahindra Bank launched Facebook-based funds transfer platform KayPay
Note: KayPay is a bank agnostic payment product for Facebook users to send money to each other.
iii. KayPay is built on top of the mobile based Immediate Payment System (IMPS) that was launched by the National
Payment Corporation of India. Users have to register their bank accounts once to start using the service.
53. Asia Index launches new indices announced the launch of two more indices for investors in Indian market. S&P BSE
Sensex Futures Index and the S&P BSE CPSE Index
54. Retail inflation drops to 6.46 % in Sept this year
55. The Union Finance Ministry has allocated 520 crore rupees to NABARD to create warehousing infrastructure for
agricultural commodities in West Bengal.
56. Railways revenue earnings have gone up by over 12 per cent during first six months of this fiscal.
57. The upcoming Bandhan Bank has appointed FIS International, one of the largest banking and payments technology
solutions provider globally, to develop its core banking software solutions.
58. Govt. launch Jan Dhan scheme to promote financial inclusion: Prime Minister Narendra Modi launched 'Pradhan
Mantri Jan Dhan Yojana' to help the poor open bank accounts.
The slogan for the Pradhan Mantri Jan Dhan mission is Me r a Kh ata Bh agy a Vidh aata.
Benefits :
i. Every individual who opens a bank account will become eligible to receive an accident insurance cover of up-to Rs. 1
Lakh.
ii. HDFC Ergo General Insurance will provide the accident cover under the scheme.
iii. An additional Rs. 30,000 life insurance cover will be provided for those opening bank accounts before January 26,
2015.
iv. LIC (Life Insurance Corporation) will provide the life insurance cover of Rs 30,000 under the scheme
v. Rs 5,000 overdraft facility for Aadhar-linked accounts, Ru Pay Debit Card with and minimum monthly remuneration of
Rs 5,000 to business correspondents who will provide the last link between the account holders and the bank.
59. ICICI Bank offers Card less Cash Withdrawal at ATMs. Now, withdraw without a debit card at an ICICI Bank ATM, as the
bank facilitates cardless cash withdrawal service with the help of a mobile number.
60. IndusInd Bank launched a new customer service called Video Branch to enable customers to do a video conference with
the bank staff at convenience.
61. Employees Provident Fund Organization (EPFO) retains interest rate on provident fund at 8.75 percent for the current
fiscal.
62. Government notified minimum monthly pension of 1,000 rupees and a higher wage upper limit improvement to15,000
from 6,500 rupees for social security schemes run by retirement fund manager Employees Provident Fund Organisation.
63. Govt. to implement GST (Goods & Services Tax) new indirect tax regime from 1st April 2016. GST will replace VAT.
64. IndiGo has signed a $2.6 billion deal with Industrial and Commercial Bank of China Ltd (ICBC) for the lender to finance
more than 30 new aircraft
65. Asian Development Bank (ADB) has provided $63.3-million loan for improving urban services and strengthening
municipal and project management capacity in North Karnataka towns.
66. Supreme Court quashed allocation of 214 out of 218 coal blocks which were allotted to various companies since 1993
and in which it was claimed that around Rs 2 lakh crores were invested.
Note: A bench, headed by Chief Justice R M Lodha, saved only four blocks--one belonging to NTPC and SAIL each and two
allocated to Ultra Mega Power Projects--from being cancelled.
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25. Nachiket Mor - committee on comprehensive financial services for small businesses and low-income households.
26. Parthasarathi Shome. for Tax Administration Reform Commission (TARC)
27. Arvind Mayaram Panel: report on the alleged irregularities at the National Spot Exchange Ltd (NSEL)
28. Arvind Mayaram Committee for giving clear definitions to Foreign Direct Investment (FDI) and Foreign Institutional
Investment (FII)
Important News (India & World):
1. US President Barack Obama to be the Chief Guest of Indias Republic Day 2015.
Note: He will be the first US President to attend the Republic Day Parade of India.
ii. Obama will be the first US President to travel to India twice. Earlier, he had visited India at the invitation of then Prime
Minister Manmohan Singh in 2010.
2. Rahman and Jal for Oscars:rehman his third Oscar nomination in the best original score category after making it to the
list of 114 probables.while Hindi film Jal also features in the long list of best picture Oscar hopefuls.Jal features in the best
picture list as an independent submission, while India will officially be represented at the Academy awards in the best
foreign feature category by Liars Dice.
3. Central Sydney under Siege:Terrified hostages cowered inside a cafe in central Sydney with an Islamic flag displayed
against a window at the Lindt chocolate caf.
4. Lima talks: New draft text introduced without consultation.190 countries gathered at the U.N. Climate Change
Conference in Lima, Peru to work on drafts for a global climate deal that is supposed to be adopted next year in
Paris.Developing countries have been opposing the mitigation centric approach of the developed countries which are not
ready to commit to financial targets or technology transfer.
5. Russian President Vladimir Putin, offered the Ruias-promoted Essar Group a $1-billion credit line and an $8-billion
crude supply contract.The steel-to-oil Indian conglomerate signed two separate agreements with St Petersburg-based
Vneshtorgbank (VTB) and Moscow-based Rosneft.
6. Bhutan became 181st member of Multilateral Investment Guarantee Agency (MIGA). A, agency of World Bank.MIGA is
the political risk insurance and credit enhancement arm of the World Bank Group.
Benefits of becoming a member
i. The move will allow the private sector and corporations of a country to explore external commercial borrowing
(ECB).Once a member of MIGA, the private sector and corporations in the country will have the option of directly applying
to MIGA for issuance of guarantee to attract Foreign Direct Investment (FDI).
7. Russia agrees with India to construct 12 nuclear reactors India over 20 years, under an agreement aimed at boosting
nuclear energy cooperation signed by the two countries.
8. A US-based intelligence think tank has placed Pakistan eighth in the list of the most dangerous countries in the world
which is led by Iraq.Afghanistan, the only other South Asian country in the list, is placed fourth in the Country Threat
Index.
9. BHEL commissioned 28 MW Nyaborongo Hydro Electric Project in Rwanda on turnkey basis.
10. Ministry of Railways inaugurated Wi-Fi broadband services at New Delhi railway station
11. Indias second most up and coming destination for expats after China : HSBC
12. Human Rights Day observed globally on 10 December- theme for the 2014 Human Rights Day is Human Rights 365.
13. US based Uber taxis banned in Delhi, company blacklisted.
14. Air India, NBCC National Buildings Construction Corporation Limited sign MoU for development of land parcels of Air
India at various locations on joint venture basis.
15. Private entity cannot hold more than 26% stake in public-private joint ventures for coal block allocations. However, if it
is more than one private sector entity, the structure should be such that its stake does not exceed 49 per cent.A total of 92
blocks are being offered under the first round.
16. India, Japan to cooperate in the fields of Cyber security and Green Information and Communication Technology, ICT.
17. India celebrates 43rd Navy Day; President, PM salute devotion of Navy personnel.
18. Former Prime Minister Atal Behari Vajpayee's birthday on 25th December observed as national 'Good Governance Day'.
19. Egypt court declared Islamic State of Iraq and Syria a terrorist group.
20. The new natural gas price of USD 5.61, which is already among the lowest in Asia Pacific, is likely to drop to around USD 5
per unit in three years due to the variables included in the formula, Goldman Sachs has said.
21. Mumbai, Kolkata most vulnerable to loss of life, properties due to coastal flood: un
22. United Nations Framework Convention on Climate Change (UNFCCC).
23. Country's biggest oil company Indian Oil Corporation is looking at setting up a greenfield refinery on the West coast as
part of its expansion plans.Indian Oil Corporation Chairman B Ashok said there is a need for green field refinery by 202122. After setting up of Paradip Refinery in East coast, focus is now on setting up of a refinery in West coast region.
24. Dubai to invest $32-billion to build worlds largest airport.The Dubai International Airport is the worlds second
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40. India observed National Mathematics Day to commemorate birth anniversary of Srinivasa Ramanujan on 22
December 2014.
41. US retail major Walmart to open new store in India after 2-year gap in Agra as it returns focus on India.The company,
which opened its last store in Bhopal towards the end of 2012.
42. US released three Cuban spies of Wasp Network. These spies were released as part of announcement restoring diplomatic
relations between the US and Cuba after more than 50 years of enmity.The Wasp Network is a spy ring of Cuba that
included five members of a 14 member espionage team called La Red Avipsa.
43. Carbon-dioxide emissions at all-time high of 35.3 billion tonnes in 2013. Brazil (6.2 per cent), India (4.4 per cent), China
(4.2 per cent) and Indonesia (2.3 per cent) reported a sharp rise in emissions of the greenhouse gas that year.China, the
United States and the European Union remain the top three emitters of carbon dioxide, accounting for 29 per cent, 15 per
cent and 11 per cent, respectively, of the worlds total.
44. SC directed Union government to complete fencing along Indo-Bangladesh border in 3 months.
45. LeT operations commander Zakiur Rehman Lakhvi, one the seven Pakistani nationals accused of planning and abetting
the 2008 Mumbai terror attacks, was granted bail on Thursday by the Anti-Terrorism Court.
46. Taliban militants detonated a suicide bomb and stormed a bank in southern Afghanistan .killing at least six people.
47. IRCTC tops 2014 Google search in India. E-commerce website Flipkart, PSU lender SBI Online, e-tailer Snapdeal and PNR
status were other most searched words.
48. India third on black money list. An international think-tank has ranked the country third globally with an estimated USD
94.76 billion (nearly Rs 6 lakh crore) illicit wealth outflows in 2012.
49. On 16 December 2014,seven members of the Tehrik-i-Taliban Pakistan (TTP) conducted a terrorist attack on the Army
Public School in the Pakistani city of Peshawar They entered the school and opened fire on school staff and children, killing
145 people, including 132 schoolchildren.
50. HRD ministry is planning to come up with a 'Think in India' drive to encourage students and researchers to come up with
innovations and new ideas and to keep the talent back home from leaving abroad.
51. Japan slips into recession: Japan's economy shrank for the second consecutive quarter, marking a technical recession in
the world's third largest economy.
52. IBM launches new e-mail service Verse: Tech giant IBM has launched a new e-mail application Verse for enterprises
that integrates social media, file sharing and analytics to help increase productivity.
53. The Oxford English Dictionary named "vape" the word used for the act of drawing on an electronic cigarette instead of
a burning stick of tobacco as its 2014 word of the year.
54. Mumbai top investment destinations among UAE based Indians: India's commercial capital Mumbai has once again
emerged as the most popular and attractive property investment hotspot among the UAE-based Indian expats.
Note: Bangalore grabbed the 2nd spot with 24.13 per cent votes going for it as the most favorite city for NRI property
investments.
55. Amul to set up Rs 200 crore unit in West Bengal.
56. PM Narendra Modi adopts Jayapur village (Varanasi), in his Lok Sabha constituency under Sansad Adarsh Gram Yojana.
57. Sachin Tendulkar adopted a village Puttamrajuvari Kandrika, a village in Gudur mandal of Nellore district in Andhra Pradesh under
Prime Minister Modis Sansad Adarsh Gram Yojana.
58. Union Home Minister and Lucknow MP Rajnath Singh has adopted Beti village in the district under the Pradhan Mantri
Adarsh Gram Yojna.
59. DD National to be re-launched with tagline Desh Ka Apna Channel
60. US President Barack Obama announces $3 billion contribution to Green Climate Fund to help poor countries cope with
the effects of climate change.
61. CRY launches project to end child labour : With an aim to end child labour and encourage children to go to school, Child
Rights and You has launched 'Project Unlearn' on the eve of Children's Day.
62. India has worlds largest youth population: UN report
Note: i. With 356 million 10-24-year-olds, India has the worlds largest youth population
ii. China is second with 269 million young people, followed by Indonesia (67 million), the US (65 million) and Pakistan
(59 million), Nigeria with 57 million, Brazil with 51 million, and Bangladesh with 48 million, the United Nations Population
Funds (UNFPA) State of the Worlds Population report said.
63. Myntra.com named Kangana Ranaut as its brand ambassador
64. Assam Zoo set to become the first zoo in world to have the critically endangered pig Pygmy Hog (Porcula salvania).
Pygmy Hog is the rarest and smallest wild pig in the world.
65. International students in US at record high, China tops list, India on 2nd : The number of international students
studying in the United States is at a record high with nearly one-third of them coming from China, followed by India that
sent over over lakh students to the country in 2013-14.
66. European aerospace giant Airbus is poised to sign a deal to deliver 50 long-haul carriers to US Delta Airlines in a contract
worth $14 billion at catalogue prices.
67. Scientists for the first time developed antibiotic-free drug named Staphefekt as an alternative to antibiotics.
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Note: This new drug will aid in the fight against the antibiotics-resistant superbugs such as MRSA (Methicillin-resistant
Staphylococcus aureus).
ii. Staphefekt is based on a naturally occurring enzyme called endolysins produced by viruses and attacks infections
differently to antibiotics. Unlike antibiotics, it does not destroy the harmless bacteria that live in the body.
68. Suzlon Energy installed worlds tallest hybrid wind generator turbine in Kutch, Gujarat
69. Forbes list of World's Most Powerful People 2014.
Note: i. Russian President Vladimir Putin is on the top followed by Barack Obama and XI Jinping.
ii. Indian Prime Minister Narendra Modi ranked 15th on the Forbes list. The next Indian on the list is Mukesh Ambani at
36th rank.
Top 5 on the list
1. Vladimir Putin
2. Barack Obama 3. Xi Jinping
4. Pope Francis
5. Angela Markel
70. Burger King partnered with eBay to launch its burgers online.
71. Mumbai recorded the largest number of Internet users (16.4 million internet users) in India in 2014, a study conducted
by the Internet & Mobile Association of India (IAMAI).
Note: Delhi was second with a user base of 12.1 million followed by Kolkata recorded 6.27 million internet users.
72. India is working on the inclusion of Mauritius in the group of countries to be listed in its Visa on Arrival scheme.
73. United Nations (UN) chief Ban Ki-moon launched a global campaign in Kenya to end the deadly practice of female genital
mutilation.
Note: i. More than 125 million girls and women have been cut in 29 countries in Africa and the Middle East. If current
trends continue, 86 million young girls are likely to undergo same form of the practice by 2030.
74. India re-elected to UN Economic and Social Council
Note: The 193-member UN General Assembly elected 18 members of the UN Economic and Social Council (ECOSOC) to
serve a three-year term beginning January 1, 2015.
ii. The other 17 members to be elected to ECOSOC apart from India were Argentina, Austria, Brazil, Burkina Faso, Estonia,
France, Germany, Ghana, Greece, Honduras, Japan, Mauritania, Pakistan, Portugal, Trinidad and Tobago, Uganda and
Zimbabwe.
75. 11 cities across Karnataka renamed Now Bangalore will be called Bengaluru, Mangalore (Mangaluru), Mysore (Mysuru), Bellary (Ballari),
Belgaum (Belagavi), Hubli (Hubballi), Tumkur (Tumakuru), Bijapur (Vijayapura), Chikmagalur (Chikkamagaluru),
Gulbarga (Kalaburagi), Hospet (Hosapete) and Shimoga (Shivamogga).
76. SunEdison signed MoU with Rajasthan Government to set up 5000MW solar projects.
77. Sweden became the first European Union (EU) country to officially recognise the State of Palestine.
78. India is home to the second largest proportion of high-earning expatriates in the world after China and ahead of countries
such as Switzerland, Russia and Hong Kong - according to the seventh Expat Explorer survey by HSBC Expat.
79. Japanese telecom giant SoftBank will invest USD 627 million (about Rs 3,762 crore) in the online marketplace company
Snapdeal.
80. European Union leaders struck a deal on a new target to cut carbon emissions out to 2030.
Note: In the meeting held in Brussels EU leaders agreed for the 28-nation bloc to cut its emissions of carbon in 2030 by at
least 40 percent from levels in the benchmark year of 1990. An existing goal of a 20-percent cut by 2020 has already
been nearly met.
81. The European Union has nearly doubled its assistance to combat the raging Ebola virus in West Africa to 1 billion euros.
82. According to World Steel Association (WSA) data, India is worlds 4th largest steel maker. With 62.41 million tonnes
output, India remains the worlds fourth largest steel producer in the first nine (Jan- Sept) months of the current year,
preceded by China, Japan and the US.
83. Switzerland is the worlds favourite destination among expats, followed by Singapore and China, a poll on quality of life
by HSBC Bank. Other top-ranked countries were Germany, seen as stable and safe, followed by Bahrain, New Zealand,
Thailand, Taiwan, India and Hong Kong.
84. India wins UNHRC re-election. India was re-elected to the UN Human Rights Council (UNHRC) from 2015-17, receiving
the highest number of votes in the Asia-Pacific group.
Note: India is currently a member of the 47-nation UN Human Rights Council (UNHRC) and its first term is due to end on
December 31, 2014.
85. Stamp on Sri lankan Buddhist monk Anagarika Dharmapala released
86. To ensure speedy recovery of dues for investors and others hit by 5,600-crore rupees fraud at the National Spot Exchange
Ltd, Govt orders merger of National Spot Exchange Ltd (NSEL) with its holding company Financial Technologies India Ltd
(FTIL)
87. A five-year-old Indian boy, Harshit Saumitra, is the youngest to reach Everest Base Camp
88. WHO declares Nigeria free of Ebola.
89. According to WHO - Pakistan, along with Afghanistan and Nigeria, are the only three countries in the world where polio
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remains endemic.
90. Union Cabinet approved inter-governmental MoU to upgrade Chabahar port of Iran. Chabahar port is located in the
Sistan-Baluchistan Province on south-eastern coast of Iran, which lies outside the Persian Gulf and it is easily accessed
from western coast of India.
Note: Two Indian companies Jawaharlal Nehru Port Trust (JNPT) and Kandla Port Trust (KPT) will comprise this
venture.
91. Venezuela, Angola, Malaysia, New Zealand and Spain were elected as non-permanent members of United Nations Security
Council (UNSC) for two-year terms beginning on 1 January 2015.
Note: The five permanent Council members, which each wield the power of veto, are China, France, Russia, the United
Kingdom and the United States.
ii. Along with Lithuania, the non-permanent members that will remain on the Council until the end of 2015 are Chad, Chile,
Jordan, and Nigeria.
92. Powerful typhoon Vongfong struck Japan.
93. Hurricane Gonzalo struck Bermuda
94. The United Nations owes India USD 110 million, the second highest outstanding payment to any country, for costs
relating to peacekeeping operations and troops.
Note: Apart from India, Ethiopia was owed the largest amount at USD 137 million, Pakistan at USD 109 million and
Bangladesh at USD 108 million.
95. India among five nations to build world's largest telescope (Thirty meter Telescope TMT).
Note: India along with Japan, the US, China and Canada will start work on the worlds biggest telescope on Mauna Kea
Hawaii Island
ii. The 30-meter telescope will be established near the summit of the Mauna Kea volcano with a cost of $1.4 billion.
iii. Japan is expected to cover about a quarter of the construction costs.
96. India ranks 18th on list of most desirable places to work.
Note: The US has been ranked on the top, followed by the UK, Canada, Germany and Switzerland, making them the five
most desirable countries to work on the list compiled by the Boston Consulting Group, total jobs.com, and The Network.
97. Nokia to shut down its Chennai factory from Nov. 1, 2014.
98. Sebi bars DLF and its chief KP Singh from securities market for 3 years after finding the company guilty of "active and
deliberate suppression" of material information at the time of its public offer.
99. Amazon founder Jeff Bezos visited India. Amazon said it will invest USD 2 billion (over Rs 12,000 crore) in India to
expand business, a day after its largest Indian rival Flipkart announced USD 1 billion in funding
100. Union Government declared 25 September as Antyodya Diwas. Antyodya diwas was observed to mark the 98th birth
anniversary of Pandit Deendayal Upadhyay.
101. Chinas e-commerce giant Alibaba gets approval to set up private bank in China
102. Alibaba Group Holding Ltd's initial public offering (IPO) now ranks as the world's biggest in history at $25 billion, after
the e-commerce giant and some of its shareholders sold additional shares. Jack Ma is the founder of Alibaba
Note: The IPO surpassed the previous global record set by Agricultural Bank of China Ltd in 2010 when the bank raised
$22.1 billion.
103. Bamiyan has been selected to be the SAARC cultural capital for a year beginning April 2015. Dhaka will be the SAARC
cultural capital in 2016-17. The year 2016-17 will also be declared the SAARC Year of Cultural Heritage.
104. Forbes India released The 100 Richest Indian List 2014: According to the Forbes India List, the Top 10 Richest people
of India:1. Mukesh Ambani; 2. Dilip Shanghvi; 3. Azim Premji; 4. Pallonji Mistry; 5. Lakshmi Mittal; 6. Hinduja brothers;
7. Shiv Nadar; 8. Godrej family; 9. Kumar Birla; 10. Sunil Mittal
Note: Mukesh Ambani topped the list for the eighth consecutive year with a net worth of 23.6 billion US dollars.
105. Prime Minister Narendra Modi to be conferred with honorary doctorate degree by the Dr Nelson Mandela School of
Public Policy of the university.
106. NASAs MAVEN spacecraft enters Mars orbit to study how the Red Planets climate changed over time from warm and
wet to cold and dry.
107. India may become fifth largest exporter by 2030: HSBC report
Note: The report says, UAE is likely to remain top export destination for India till 2030, and China is forecast to emerge as
the second largest export market, displacing the US by 2030.
108. Supreme Court ruled 3 percent quota for disabled persons in all government jobs
109. The Asian Development Bank has agreed to give $150-million loan to the Government of India to help build
transmission lines for renewable energy in Rajasthan.
110. Tata Nano to be revamped and launched as a 'Smart City Car' next year.
111. United Bank of India declared Kingfisher Airlines and its owner Vijay Mallya as willful defaulter
Note: Wilful Default: A wilful default occurs when either a borrower has not repaid when he can do so, or when sanctioned
funds have been used for other purposes or when the borrower disposes off the assets assured for availing of the loan
without the banks knowledge.
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112. Asia's first Ballistic Research Centre to open in Gujarat: India will have Asia's first Ballistic Research Centre which will
help it in achieving self- reliance in testing of armored vehicles.
113. 2015-16 to be observed as Water Conservation Year.
Important News - States
1.
The United States (US) became the partner country for Vibrant Gujarat Global Investor Summit 2015.
Note: US will be the eighth country to partner the event. Other partner countries include UK, Netherlands, Canada,
Australia, Singapore, South Africa and Japan.
2. Gujarat to host 13th edition of Pravasi Bharatiya Divas.2015 happens to be the 100th year of Mahatma Gandhis return
to India from South Africa. To reflect this, the event will showcase his work and achievements.Theme Bharat ko jano and
Bharat ko mano.
3. BJP emerged as single largest party in Jharkhand for the 81-member assembly. Out of 81 seats BJP won 37 While JMM
won 19 seats.CONG-6,JVM-8.
4. PDP emerged as the largest party in the assmbly elections in Jammu and Kashmir won 28 seats. Out of 87 seats BJP won
25 seats.NC-15 CONG-12
5. 22 states, UTs support bill to prevent 'honour killings'.
6. Andhra Pradesh Government signed MoU with Singapore for development of its new capital that is set to come up
near Vijawayada region.
7. World Bank, ADB to assist AP in Hudhud cyclone relief works.The World Bank Country Director is Omno Rahl and
Country Director of Asian Development Bank (ADB) is Theresakho.
8. Focusing on improving connectivity to the Northeast, Prime Minister Narendra Modi said the Centre would provide Rs
28,000 crore for laying new railway lines in the region and develop the untapped tourism potential of the area.Prime
Minister said that the Centre has sanctioned Rs 5000 crore to provide 2G mobile coverage in this area for comprehensive
telecom development plan of the northeast region.The Prime Minister said his government has decided to set up
a National Sports University in Manipur and the people of the region will be great beneficiaries.
9. Prime Minister Narendra Modi on Monday dedicated to the nation the second unit of the 726 MW gas-based power plant
at Palatana in Tripura. A host of dignitaries from India and Bangladesh, which facilitated transportation of heavy
machineries to the plant, were present on the occasion.
10. Prime Minister Narendra Modi flagged off the first train from Mendipathar in Meghalaya to Guwahati.
11. Namsai officially became the 18th district of Arunachal Pradesh. The Chief Minister of Arunachal Pradesh Nabam Tuki
made the declaration.
12. Haryana government reversed the retirement age of government employees from 60 to 58 years. It also reversed the
retirement age of Class IV, visually impaired and handicapped employees from 62 to 60 years.
13. The Lok Sabha passed the National Capital Territory (NCT) of Delhi Laws (Special Provisions) Amendment Bill, 2014. The
bill was presented in Lok Sabha by the Union Urban Development Minister Venkaiah Naidu.
14. Gujarat announces Rs. 1,100-crore relief package for farmers.The package includes Rs. 600 crore worth of subsidy on
interest for agriculture loans and Rs. 500 crore on power bills.
15. Go green: Railways to set up 26 MW windmill to be built in Jaisalmer (Rajasthan) at a cost of Rs 150 crore
16. Prime Minister Narendra Modi announced Rs.745 crore relief for rebuilding damaged homes and hospitals in floodravaged Jammu and Kashmir. Rs.570 crore for rebuilding of damaged homes and Rs.175 crore for similarly affected
hospitals in the state.
17. Madhya Pradesh will celebrate 2015 as Tourism Year
18. BJP emerged as the largest party in the 2014 Assembly Elections of Maharashtra by winning 122 seats. The elections
were held for 288 seats
19. Bharatiya Janta Party (BJP) won the state assembly elections of Haryana. BJP by securing 47 seats emerged as the largest
party, with clear majority. The elections were held for total 90 seats
20. Gujarat government set up a Special Purpose Vehicle (SPV) to promote Vadodara as the state's cultural capital and
encourage tourism in the city.
21. First-ever Offshore Wind Power Project (100 MW capacity) in India will be set up at - Gujarat coast
22. Cyclonic Storm Hudhud was the strongest tropical cyclone of 2014 hit in Odisha and Andhra Pradesh
23. Cyclone Nilofar bring heavy rainfall in Kutch region
24. West Bengal government constituted task force to probe into Burdwan blast. Task force will be headed the Director
General of Police GM P Reddy
25. Bihar is the fastest growing State while Tamil Nadu is the worst performer, the latest data released by the Central
Statistics Office (CSO) has revealed.
Note: i. Bihars Gross State Domestic Product (GSDP) grew 10.73 per cent during 2012-13. The second-best performing
State is Madhya Pradesh, which grew at 9.89 per cent. Delhi is third with a growth rate of 9.33 per cent.
ii. All major industrial States lag behind Bihar. Growing at 7.96 per cent, Gujarat is ranked sixth and Maharashtra ninth
with 6.18 per cent.
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26. Rajasthan becomes first state to start olive refinery. The refinery will be set up with a cost of Rs. 3.75 crore in
Lunkaransar area in the district of Bikaner.
27. Delhi Metro has been ranked second among 18 international Metro systems in terms of overall customer satisfaction in
an online customer survey.
Note: London DLR, Delhi Metro and Bangkok respectively were the best three performers in the Net Promoters Score
(NPS) category.
28. Indias first Skill development centre has come up in Udaipur, Rajasthan. The centre has been set up under the
Livelihood Skill Project.
29. Chhattisgarh will set up a Marine Fossil Park in Koriya district where fossils of Permian geological period were found.
The marine fossils of sea shells were discovered on rocks on the bank of Hasdeo river near Manendragarh in Koriya
district a couple of years back.
30. PM Narendra Modi inaugurated India Food Park in Tumkur in Karnataka.
Note: i. The food park is an initiative of Future Group chief Kishore Biyani.
ii. Moreover, Food Processing Ministry will approve 17 such food parks across the country over the next few months
31. Tamil Nadu government announced Price Stabilization fund for green tea leaf with a corpus of 12 crore rupees
32. Andhra Pradesh Govt. signed the Memorandum of Understanding (MoU) agreement with Google India for Digital AP
project. Google India will work with the AP government to get women and small and medium businesses online and help
them gain from the internet economy.
33. Alliance Air, the wholly owned subsidiary of Air India, signed a Memorandum of Understanding with the North East
Council for flight operations in the North East.
34. Punjab, tops in CPSE investments: Punjab, Maharashtra, Bihar and Odisha are the only four states amid top 20 major
states in India that have seen a surge in employment generated by the Central Public Sector Enterprises (CPSEs) while rest
of the states have recorded a fall ranging between 3-22 per cent
Note: Gujarat has rank 12th recorded a decline of over 14 per cent in employment generated by the Central Public Sector
Enterprises (CPSEs) between 2008-09 and 2012-13
35. The Uttar Pradesh government decided to open Nirbhaya Centers in all districts of the state.
36. MP to host Global Investors Summit at Indore to attract foreign investment
37. Goa became a permanent venue for the International Film Festival of India (IFFI).
38. DMRC observed World Green Building Week from 22 September 2014 to 27 September 2014. The Delhi Metro has decided
to design all its phase-III stations as green buildings.
39. Delhi Police to launch its first e-police station to deal with vehicle thefts
40. West Bengal cabinet cleared farmer-friendly project Sech-Bandhu Prakalpa to boost irrigation
41. Bihar government recognised transgender as third gender
42. Uttarakhand Government declared 9 September as Himalaya Diwas
43. Union Cabinet approved Telecom Development Plan for the North-Eastern Region. The proposal entails an estimated cost
of over Rs 5,336 crore.
44. Andhra gets new capital, to be located in Vijayawada region.
Note: Andhra Pradesh was bifurcated to create a new state of Telangana earlier this year in June. Hyderabad will serve as
the shared capital of Telangana and Andhra Pradesh for another 10 years until 2024. After that, Hyderabad will belong to
the new state of Telangana.
45. The country's first First kisan mandi outside is to set up at Alipur in north Delhi.
Note: This first such mandi, termed a 'kisan mandi', is being set up by the Small Farmers' Agri-Business Consortium
(SFAC), a body under the Union ministry of agriculture.
46. Karnataka became first state in India to launch Health Adalat.
Note: It was launched to address health issues at the grassroots level and ensure that all health facilities extended by the
government reached all sections of society.
47. Ancient Nalanda University, was formally inaugurated in its modern avatar by External Affairs Minister Sushma Swaraj
in Rajgir.
Note: Nalanda University Vice-Chancellor - Gopa Sabharwal
Chairman of the Governing Body of the university - Economist Amartya Sen
iii. Centre allocates over Rs. 2700 cr for Nalanda University
Council Ministers and their Constituency
1. Narendra Modi - Varanasi
2. Rajnath Singh - Lucknow
3. Sushma Swaraj - Vidisha (Madhya Pradesh)
4. Arun Jaitley - Rajya Sabha (Gujarat)
5. M. Venkaiah Naidu - Rajya Sabha (Karnataka)
6. Nitin Jairam Gadkari - Nagpur (Maharashtra)
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SUMMIT
1. Lima Climate Change Conference - December 2014
i. Officials from over 190 nations, including India converged in Lima at the UN climate summit to negotiate on a new
ambitious and binding deal to cut global carbon emissions.
ii. During the 12-day summit in the Peruvian capital, countries will put forward what they plan to contribute to the
2015 pact in the form of Intended Nationally Determined Contributions (INDCs) by the first quarter of 2015, well in
advance of the Paris conference in December.
iii. Environment Minister Prakash Javadekar leads India's 17- member delegation to negotiate terms for the final
agreement to be signed in Paris, which will take effect in 2020.
2.
3. G 20 Summit:
G20 Leaders Summit (2014) held in Brisbane,
Queensland (Australia).
G-20 meeting (2014) of Finance ministers and central bank
governors held in Cairns (Australia).
G-20 Labour and Employment Ministerial meet held in Melbourne (Australia)
15th G-20 Summit 2015 Turkey
16th G-20 Summit 2016 China
About G-20i. The G20 is the premier forum for international economic cooperation and decision-making, with members from 19
countries plus the European Union.
iii. G20 members account for 85 percent of the world economy, 80 percent of global trade and two-thirds of the
world's population.
iv. The G20 represents all geographic regions of the world, but remains small enough to be an effective decision-making
body.
v. The members are: Argentina, Australia, Brazil, Canada, China, European Union, France, Germany, Indonesia, India,
Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, United Kingdom and the United
States.
4. NATO Summit 2014- Wales (Britain)
Note: This is the first NATO summit since Chicago in 2012,
ii. Britain last hosted the summit in 1990, when Margret Thatcher was Prime Minister
About NATO (North Atlantic Treaty Organisation) - NATOs essential purpose is to safeguard the freedom and
security of its members through political and military means.
Chief Jens Stoltenberg
Members 28 countries members.
Headquarter Brussels, Belgium
5.Nuclear security summit
i. 3rd Summit 2014 : Hague, Netherland
ii. 4th Summit 2016: United States
6.BRICS summit 6th BRICS Summit 2014: Fortaleza, Brazil Theme "Inclusive Growth: Sustainable Solutions.
Next 7th BRICS Summit to be held in Ufa, Russia
Note: Ufa is the capital city of the Republic of Bashkortostan, Russia, and the industrial, economic, scientific and cultural
centre of the republic.
The New Development Bank (NDB), is operated by the BRICS states (Brazil, Russia, India, China and South Africa) as an
alternative to the existing World Bank and International Monetary Fund.
The New Development Bank headquarter will be in Shanghai, China.
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The Bank will have a rotating chair and its first President will come from India for the first six years.
7. IBSA Summit: India will host the next summit of IBSA (India, Brazil, South Africa) in New Delhi in 2015.
8.G 8 Summit:
G-8 Countries: Canada, France, Germany, Italy, Japan, Russia, Britain and the US
40th G-7 summit 2014 held at Brussels.
Note: It was the first time that the EU hosted a G7 summit. The summit is jointly represented by the European
Council President Herman van Rompuy and the European Commission President.
OTHERS SUMMIT
International Buddhist Conference 2014 held in Nepal
9th East Asia Summit held in Nay Pyi Taw, Myanmar
45th International Film Festival of India begins in Goa.
The International Renewable Energy Agency, IRENA hold its eighth Council meeting in Abu Dhabi.
The World Economic Forum summit held in New Delhi
India-Arab League officials meeting held in New Delhi
Sixth World Ayurveda Congress held in New Delhi.
Note: Theme of the sixth WAC was "Health Challenges and Ayurveda
10. The 10th edition of World Islamic Economic Forum, WIEF held in Dubai.
11. G-4 foreign minister meeting held in New York to discuss Security Council reform
Note: G -4 countries include- India, Brazil, Germany and Japan
12. UN Climate Change Summit 2014 held in New York
13. 13th edition of the Pravasi Bharatiya Divas (PBD) will be held for the first time in Gandhinagar, Gujarat.
1.
2.
3.
4.
5.
6.
9.
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3. India and Australia signed five pacts on social security, transfer of sentenced prisoners, combating narcotics trade,
tourism, and Arts and Culture. Australian Prime Minister Tony Abbott and his Indian Counterpart Narendra Modi agreed
to have a Free Trade deal by 2015 end.
4. The government has allocated Rs 5,000 crore rupees under AYUSH Mission for promoting traditional methods of
treatment in the country.
5. India and Bhutan signed a Memorandum of Understanding (MoU) to develop Nalanda University in Bihar as an
international centre of excellence.
6. India and Republic of Korea signed an a Memorandum of Understanding (MoU) to facilitate technical cooperation in
Railway sector between the two countries.
7. Nepal, India agree to form task force to install petro pipeline.
8. Government is planning to cover the entire country under Indira Gandhi Maatritva Sahyog Yojana by 2016.
ii. The scheme envisages providing cash directly to pregnant and lactating mothers during pregnancy and lactation to
improve health and nutrition.
9. India, Vietnam decide to step up security, defence ties. India offers USD 300mn credit line to Vietnam for trade
10. India signed the Minamata Convention on Mercury with Japan.
Note: The Minamata Convention gives five years time to India to control and reduce emissions from new power plants and
10 years time for the already existing power plants.
11. India and Nepal have inked the Power Trade Agreement (PTA), allowing exchange of electricity and opening up new
vistas of cooperation in the hydro-power sector.
12. India and United Kingdom (UK) signed a Memorandum of Understanding (MoU) on Culture Cooperation over next five
years.
13. India's low-cost carrier IndiGo signed a Memorandum of Understanding (MoU) to buy 250 A320neo Family aircraft worth
25.5 billion US dollars from Airbus Group. This agreement is Airbus single largest order by number of aircraft.
14. India and Norway signed 13 agreements to promote bilateral relations. These include agreement between Defence sector
of two countries and an agreement on exemption of visa requirement for holders of diplomatic and official passports.
15. ONGC Videsh Ltd, signed an agreement with Petroleos Mexicanos (Pemex) for cooperation in the Latin American nation.
Note: Mexico is the largest crude oil producing country in Latin America.
16. Nepal seeks technical cooperation from India for extending Provident Fund (PF)
17. India and Vietnam inked seven pacts, including one to enhance cooperation in the strategic oil sector, as they called for
freedom of navigation in the South China Sea,
18. Hero MotoCorp Limited has entered into an agreement with the Andhra Pradesh Government for setting up a Greenfield
two-wheeler manufacturing plant in Chittoor district
19. Latin American nation Peru has plans to sign a free trade agreement with India.
Note: Peru is the sixth largest gold producer, mining 5 million ounces every year. Peru is also the second largest producer
of silver and the third biggest producer of copper, tin, zinc and lead.
20. Bangladesh and India have signed a memorandum of understanding (MoU) for enhanced cooperation in the fields of
traditional medicine like Ayurveda and Unani,
21. United Arab Emirates has signed three agreements with the United Nations World Food Program, WFP, offering 31
million US dollars worth of humanitarian aid for the Syrian refugees.
22. Wildlife Trust of India (WTI) and Tata Chemicals Limited (TCL) signed MoU to setup Indias first Coral Garden in Gujarat.
This Coral Garden will be set up at Mithapur coastal region of Devbhoomi-Swarka district of Gujarat.
23. India and Germany agreed to prepare a roadmap for cooperation in skill development, solid waste management and
cleaning of rivers.
24. India signed loan agreement with World Bank for Mizoram State Roads Project (MSRP II). As per the agreement, soft
loan window of World Bank, International Development Agency (IDA) will provide assistance of 107 million US dollars
for the Project.
25. India and Czech Republic signed MoU on technical cooperation in Railway.
26. India to give grant of $1 million for construction of cricket stadium in Afghanistan. The stadium is set to come up in
Aino Mina, a northern suburb of Kandahar city on land donated to the Afghanistan Cricket Board in 2012.
Villages adopted by MPs in Sansad Adarsh Gram Yojana, SAGY
1. Narendra Modi has adopted Jayapur village from his constituency Varanasi in Uttar Pradesh
2. Union Home Minister and Lucknow MP Rajnath Singh has adopted Beti village in the Lucknow District
3. Sonia Gandhi adopted Udwa village in her constituency Rae Bareli in Uttar Pradesh.
4. Rahul Gandhi adopted Deeh village in his constituency Amethi in Uttar Pradesh
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9. Prime Minister launches Saansad Adarsh Gram Yojana an ambitious village development project under which each MP
will take the responsibility of developing physical and institutional infrastructure in three villages by 2019.
Note: Under this yojana around 2,500 villages to be developed as Adarsh Gram
10. Union Government launched Jammu Kashmir Arogya Gram Yojna in J&K
i. The scheme aims to encourage farmers in J&K to cultivate scientifically tested and commercially beneficial aromatic and
medicinal plants in the state.
ii. The scheme is a part of the grand plan of the Government to convert the hilly areas of the country as exclusive zones of
high-value organic farm products.
iii. The Union Government will initially spend over 25 crore rupees on this scheme.
About the Scheme
i. Under the scheme, Council for Scientific and Industrial Research (CSIR), will help the farmers with expert guidance and
provide them saplings of as many as nine varieties of medicinal and aromatic plants. CSIR is the Research and
Development body of the government.
ii. The plant varieties, selected for J&K, include five different varieties of lemon grass (Cymbopogon), Rose (Rosa), Mint
(Mentha), Ashwagandha (Withaniasomnifera) and Phalsa fruit plant.
iii. Initially, 1000 villages of Kathua, Jammu and Udhampur in the state will be covered under the scheme. Similar
schemes will be launched in other states, keeping in mind soil condition, suitable plant varieties and size and type of land
holdings.
11. Swachh Bharat Mission (Ek Kadam Swachhata Ki Aur)
launched on Oct 2: The concept of Swachh Bharat is to pave access for every person to sanitation facilities including
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toilets, solid and liquid waste disposal systems, village cleanliness and safe and adequate drinking water supply.
Important Points:
1. The Mission aims at fulfilling the dream of clean India of Mahatma Gandhi by his 150th birth anniversary in 2019.
2. Logo created by Shri Anant Khasbardar of Kolhapur, Maharashtra has won the Logo design contest
3. The Tagline Ek Kadam Swachhata Ki Aur was given by Ms.Bhagyasri Sheth of Rajkot, Gujarat emerged successful
in the contest for Tagline for the Logo.
4. PM Narendra Modi appointed bollywood actor Aamri Khan as the Brand Ambassador of the Swachh Bharat Mission
5. Prime Minister roped 9 celebrities including cricket icon Sachin Tendulkar, Congress leader Shashi Tharoor,
industrialist Anil Ambani, Salman Khan, Priyanka Chopra and Kamal Haasan, Goa governor Mridula Sinha, yoga guru
Ramdev and the team of TV serial "Tarak Mehta Ka Ulta Chashma".
12. Prime Minister launches 'Make in India' global initiative with an aim to boost India`s manufacturing sector.
13. Union Government launched Deen Dayal Upadhyaya Antyodaya Yojana for urban and rural poor
Note: i. Deen Dayal Upadhyaya Antyodaya Yojana has two components one for urban India and other for rural India.
ii. The Urban component will be implemented by the Union Ministry of Housing & Urban Poverty Alleviation
iii. Rural component named as Deen Dayal Upadhyaya Grameen Kaushalya Yojana will be implemented by the Union
Ministry of Rural Development.
Main Highlights of the Urban Scheme
i. Imparting skills with an expenditure of 15000 rupees to 18000 rupees on each urban poor
ii. Enabling urban poor form Self-Help Groups for meeting financial and social needs with a support of 10000 rupees per
each group who would in turn would be helped with bank linkages.
Main Poins of the Rural Scheme
i. The Yojana aims at training 10 lakh (1 million) rural youths for jobs in three years, that is, by 2017.
ii. The minimum age for entry under the Yojana is 15 years compared to 18 years under the Aajeevika Skills Programme.
iii. The skills imparted under the Yojana will now be benchmarked against international standards and will complement
the Prime Ministers Make In India campaign.
14. Union Ministry of Science & Technology announces KIRAN( Knowledge, Involvement, Research, Advancement through
Nurturing) scheme for Women Scientists
Objectives:i. To increase the number of women researchers in India.
ii. Provide Research grants particularly to those female researchers and technologists who had to take a break in career
owing to household reasons.
iii. Bring about, as far as achievable, gender parity in the field of science and technology.
15. Government will soon launch Universal Health Assurance Mission to provide affordable health services to people.
Under the mission about 50 essential drugs with a diagnostic package and 30 AYUSH drugs will be made available to all
citizens at government hospitals and health centers across the country.
16. Bhamashah Financial Empowerment Scheme Government of
Rajasthan
The Government of Rajasthan has embarked upon Bhamashah Financial Empowerment Scheme, (BFES) whereby the
Government will deposit Rs.1500/- into the savings accounts of 50 lakh rural families belonging to Below Poverty Line
(BPL)
17. Rashtriya Swasthya Bima Yojana: RSBY started rolling from 1st April 2008.
Note: i. RSBY has been launched by Ministry of Labour and Employment, Government of India to provide health
insurance coverage for Below Poverty Line (BPL) families.
ii. The objective of RSBY is to provide protection to BPL households from financial liabilities arising out of health shocks
that involve hospitalization.
iii. Beneficiaries under RSBY are entitled to hospitalization coverage up to Rs. 30,000/- for most of the diseases that
require hospitalization.
18. National Pension System -: Government of India established Pension Fund Regulatory and Development Authority
(PFRDA)- External website that opens in a new window on 10th October, 2003 to develop and regulate pension sector in
the country.
The National Pension System (NPS) was launched on 1st January, 2004 with the objective of providing retirement
income to all the citizens.
Note: i. Under Swavalamban Scheme- External website that opens in a new window, the government will contribute a
sum of Rs.1,000 to each
eligible NPS subscriber who contributes a minimum of Rs.1,000 and maximum Rs.12,000 per annum. This scheme is
presently applicable upto F.Y.2016-17.
ii. The subscriber will be allotted a unique Permanent Retirement Account Number (PRAN). This unique account number
will remain the same for the rest of subscriber's life. This unique PRAN can be used from any location in India.
19. Aajeevika - National Rural Livelihoods Mission (NRLM) was launched by the Ministry of Rural Development (MoRD),
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Government of India in June 2011. The basic idea behind this programme is to organize the poor into SHG (Self Help
Groups) groups and make them capable for self-employment.
20. Indira Awas Yojan: It is one of the major flagship programs of the Rural Development Ministry to construct houses for
BPL population in the villages
Note: i. The financial assistance provided for new construction in the form of full grant is Rs.70,000/- per unit for plain
areas & Rs.75,000/- for hilly/difficult areas.
ii. Further, an IAY beneficiary can avail top-up loan upto Rs 20,000/- under the Differential Rate of Interest (DRI Scheme)
from any Nationalized Bank at an interest rate of 4% per annum.
21. Pradhan Mantri Krishi Seenchayi Yojana: Pradhan Mantri Krishi Seenchayi Yojana was announced by Prime Minister
Narendra Modi . The Yojna has been announced to meet the irrigation needs of all farmers across the country. Sum of 1000
crore rupees has been allocated for implementation of the scheme.
22. Karnataka, Kerala sign MoU for rural livelihood mission: As per the MoU, Kerala Governements Kudumbashree and
Karnataka State Rural Livelihood Mission are to help train and hand-hold rural Self Help Groups (SHGs) in Karnataka.
23. Govt re-launches Varishtha Pension Bima Yojana: The government has re-launched the Varishtha Pension Bima Yojana,
for the benefit of citizens aged 60 years and above.
Note: It will provide monthly pension ranging from 500 to 5,000 rupees per month to senior citizens of the country.
ii. The Scheme will be administrated by the Life Insurance Corporation, LIC.
24. National rural scheme on PPP model launched: Rural Development Minister Nitin Gadkari launched the Shyama Prasad
Mukherjee National Rural Mission on PPP model with an allocation of 100 crore rupees.
Note: The scheme will be initially available in three districts of the country on pilot basis. The districts are Warangal in
Andhra Pradesh and two districts in Maharashtra.
ii. The scheme is intended to stop migration from rural areas to cities. The government wants to create infrastructure in
villages so that people can get employment there and do not migrate to cities.
25. Padho Pardesh scheme for minority community:
Government has launched a scheme titled, Padho Pardesh, for providing interest subsidy on educational loans for
overseas studies for students belonging to the notified minority communities like Muslims, Christians, Sikhs,
Buddhists, Jains and Parsis.
"Niti Ayog"
India's Planning Commission will be renamed "Niti Ayog" (National Institution for Transforming India) as part of a plan to
restructure the institution that the government believes has run its course.
The name, replacing "Yojana (planning)" with "Niti (policy)" will be announced in an amended resolution for the new plan
body.
The Planning Commission had suggested to a group chaired by Prime Minister Narendra Modi that its replacement body
should be structured to meet the need of changing economic paradigm and comprise sectoral experts and states'
representative. The restructured plan panel could be a combination of three or four divisions.
The NITI Aayog will comprise the following:
Prime Minister of India as the Chairperson
Governing Council comprising the Chief Ministers of all the States and Lt. Governors of Union Territories
Regional Councils will be formed to address specific issues and contingencies impacting more than one state or a region.
These will be formed for a specified tenure. The Regional Councils will be convened by the Prime Minister and will
comprise of the Chief Ministers of States and Lt. Governors of Union Territories in the region. These will be chaired by the
Chairperson of the NITI Aayog or his nominee.
Experts, specialists and practitioners with relevant domain knowledge as special invitees nominated by the Prime Minister
The full-time organizational framework will comprise of, in addition to the Prime Minister as the Chairperson:
i. Vice-Chairperson: To be appointed by the Prime Minister
ii. Members: Full-time
iii. Part-time members: Maximum of 2 from leading universities research organizations and other relevant institutions in an
ex-officio capacity. Part time members will be on a rotational basis.
iv. Ex Officio members: Maximum of 4 members of the Union Council of Ministers to be nominated by the Prime Minister.
v. Chief Executive Officer : To be appointed by the Prime Minister for a fixed tenure, in the rank of Secretary to the Government
of India.
vi. Secretariat as deemed necessary.
Awards & Honours
1. The President's Office announced the Bharat Ratna award to Pandit Madan Mohan Malaviya (posthumously) and former
Prime Minister Atal Bihari Vajpayee on the eve of Mr. Vajpayee's 90th birthday and the 153rd birth anniversary of Pandit
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Malviya.In 2013, the award was conferred to cricketer Sachin Tendulkar and scientist C.N.R Rao.
2. Miss World 2014: Aishwarya Rai Bachchan felicitated by the Miss World Organisation at the 64th edition of the
international beauty pageant for her commitment to beauty with a purpose since winning the crown two decades ago.
3. Miss South Africa Rolene Strauss crowned Miss World 2014 at the final of the beauty pageant held in London, UK. Miss
Hungary, Edina Kulcsar, was the runner-up and Miss United States, Elizabeth Safrit, came third in the 64th annual
competition, contested by women from 121 countries.
4. Asha Bhosle awarded DIFF Lifetime Achievement Award 2014 at the 11th Dubai International Film Festival (DIFF)
held in Dubai.Along with her, another Egyptian actor Nour El-Sherif was also received the DIFF Lifetime Achievement
Award for his work on over 100 films.
5. Ruhi Singh won Miss Universal Peace & Humanity 2014. at Beirut, Lebanon among the 145 other countries.
6. Ebola fighters named Time's 2014 'Person of the Year'
7. Azim Premji awarded Swiss Ambassador's Award in Mumbai for inspirational and socially responsible leadership.
8. Warren buffet became second richest person of World He replaced Carlos Slim, business magnate of Mexico. Bill
Gates is the world richest person.
9. Gwladys Nocera of France won Hero Women's Indian Golf Open 2014 at the Delhi Golf Club. She received the prize
money of 300000 US dollars.
10. Satyarthi, Malala received Nobel awards.
i. Child rights activists Indias Kailash Satyarthi and Pakistans Malala Yousafzai, along with 11 others will receive this
years Nobel Prizes.The Nobel Laureates take centrestage in Swedens capital Stockholm and Norwegian Oslo, where they
will receive the Nobel medals, Nobel diplomas and documents confirming the Nobel Prize amount.
iii. Satyarthi, 60, and Yousafzai, 17, will share the $1.1-million Peace Prize at Oslo, while all the other awards will be
presented in Stockholms
11. Modi wins TIME readers poll for Person of the Year.
12. Modi, Mukesh Ambani most searched personalities in 2014: Yahoo.
13. India sets new world record for largest human flag formed by over 50,000 volunteers, beating the previous record held
by Pakistan.
14. Narndra Modi named 'Asian of the Year' by Singapore's Straits Time.
15. Canara Bank has been conferred with the Niryat Bandhu Silver Trophy in the in the banks category for its support
services rendered for promotion of exports.
16. Film artist of Ireland Duncan Campbell Turner Prize 2014 for a video called It For Others. The video reflects on African art
and includes a dance sequence inspired by Karl Marx. He received the prize of 25000 pounds at Tate Britain in London.
17. Former Indian football captain Baichung Bhutia has been conferred with the Asian Football Confederation (AFC) Hall of
Fame Award.He received the award in Manila, Philippines on the occasion of afc's 60th anniversary. FIFA President Sepp
Blatter presented the award to Baichung, the only Indian in the AFC's Hall of Fame.All India Football Federation President
Praful Patel was present on the occasion.
18. Entrepreneur of the Year - Dhiraj Rajaram and Chandra Shekhar Ghosh
The award was sponsored by Standard Chartered Bank. Since 2012, Standard Chartered Bank has been the presenting
sponsor of The Economic Times Awards for Corporate Excellence.
19. The Economic Times Awards for Corporate Excellence announced
The awards were announced in the following category:
Business Leader of the Year Dilip Shanghvi
Company of the Year Tata Consultancy Services
Emerging Company of the Year Adani Ports & SEZ
Global Indian of the Year Satya Nadella
Startup of the Year Zomato
Business Reformer of the Year UK Sinha
Corporate Citizen of the Year Tata Steel
Lifetime Achievement Yusuf Hamied
20. Russian film Leviathan by Andrey Zvyagintsev won the best film award comprising Golden Peacock and Rs.40 lakh at the
45th International film Festival of India.
ii. Mr. Alexey Serebryakov from the Leviathan also shared the best male actor award in the Cimena of the World
competition.
21. Trilochan Sastry, Professor in Quantitative Methods and Information Systems, Indian Institute of Management Bangalore
(IIMB), has been awarded the 11th Bharat Asmita, an honour instituted by the Pune-based MIT group of institutions.
22. Boxer Manoj Kumar today received the prestigious Arjuna Award from Sports Minister
23. Sarbananda Sonowal.the 2010 Commonwealth Games gold-medalist, was bestowed with the honour in a function
organised in the National capital.
24. United Nations (UN) Women announced the appointment of Indian tennis superstar and youth icon, Sania Mirza, as its
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Goodwill Ambassador for South Asia. The organisation is dedicated to gender equality and womens empowerment.She
became the first South Asian woman to be appointed as a Goodwill Ambassador.The other Goodwill Ambassadors include
British actor Emma Watson, Academy Award winner Nicole Kidman, HRH Princess Bajrakitiyabha Mahidol of Thailand,
and Indian actor-filmmaker-singer Farhan Akhtar.
25. Aaranyak, an Assam-based NGO working for the conservation of nature and a Kathmandu-based International Centre for
Integrated Mountain Development (ICIMOD) won United Nations Lighthouse Activities award for the year 2014.They won
the award under the focus area of information and communication technology (ICT) solutions.They won the award for its
community-based flood early warning system that has benefited 40 villages in flood-prone Dhemaji and Lakhimpur
districts. Since 2010-11, the system has directly or indirectly benefitted more than 20000 people living in the catchment
areas of two rivers, Jiadhal in Dhemaji and Singora in Lakhimpur districts.
26. Lahore-based author Bilal Tanweer on 24 November 2014 won the 2014 Shakti Bhatt First Book Prize for his novel The
Scatter Here Is Too Great (Random House India).
27. TVS Chairman Venu Srinivasan conferred honorary citizenship of Busan, Korea for his efforts to enhance friendship and
cooperation between India and Republic of Korea.
28. Veteran Pakistan-born poetess Imtiaz Dharker awarded with the Queens Gold Medal for Poetry 2014 for her latest poetry
collection Over the Moon.
29. The Lunchbox honoured by Toronto film critics at 18th annual Toronto Film Critics Association (TFCA) awards in
Toronto.
30. Tata Steel chosen among 100 most valuable brands in 2014 by World Consulting & Research Corporation (WCRC).
31. PETA India names ex-SC judge KS Radhakrishnan Man of the Year. And Bollywood actress Jacqueline Fernandez named as
Woman of the Year. Justice Radhakrishnan headed a bench that passed a landmark judgement in favour of PETA India
and the Animal Welfare Board of India, clarifying that bulls must not be used in jallikattu, bull races.
32. Xu Youyu ,Pro-democracy activist, of China won Olof Palme Human Rights Prize for the year 2014 for his strong-principled
work for democracy, social justice, human rights and freedom of speech which has universal meaning.The award given
annually by the Stockholm-based Olof Palme Memorial Fund of Sweden.
Nobel Prize 2014 33. Nobel prize in Literature Patrick Modiano (France) - "for the art of memory with which he has evoked the most
ungraspable human destinies and uncovered the life-world of the occupation".
34. Nobel prize in Economics - Jean Tirole (France) for research on market power and regulation.
35. Nobel prize in Peace - Kailash Satyarthi (India) and Malala Yousufzai (Pakistan) - "for their struggle against the
suppression of children and young people and for the right of all children to education"
Note: Kailash Satyarthi is Second Indian to win Nobel Peace Prize. The winner before him was Mother Teresa, who lived
out most of her life in India but was born in Albania.
ii. Pakistans Malala Yousafzai (17), is the youngest recipient of the prize.
iii. Child rights activist Satyarthi, runs NGO Bachpan Bachao Aandolan (Save Childhood Movement).
36. Nobel prize in Medicine for their discoveries of cells that constitute a positioning system in the brain" [Brain GPS]
1. John O'Keefe (British-American researcher)
2. Edvard Moser (Norway)
3. May-Britt Moser (Norway)
37. Nobel prize in Physics for Invention of blue LEDs
1. Isamu Akasaki (Akasaki is a Japanese citizen and works at Meijo University and Nagoya University)
2. Hiroshi Amano (Amano is a Japanese citizen and works at Nagoya University)
3. Shuji Nakamura (Nakamura is a US citizen and works at University of California, Santa Barbara)
38. Nobel Prize in Chemistry "for the development of superresolved fluorescence microscopy".
1. Eric Betzig (American)
2. William E Moerner (American)
3. Stefan W Hell (German, Heidelberg University)
Others Awards
39. Indira Gandhi prize for peace, disarmament for 2014: Indian space agency ISRO conferred the Indira Gandhi Prize for
Peace, Disarmament and Development for 2014 in recognition of its contribution in strengthening international
cooperation in peaceful use of outer space.
40. Polly Umrigar Award 2013-14: Pacer Bhuvneshwar Kumar is selected for Polly Umrigar Award for the 2013-14
season.
41. C.K. Nayudu Lifetime Achievement Award2014 - Former India captain Dilip Vengsarkar conferred with the C.K.
Nayudu Lifetime Achievement Award.
42. Pope Francis conferred sainthood on two Indians -Father Kuriakose Elias Chavara and Sister Euphrasia. Pope Francis
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pronounced them as saint at a special mass St Peter's Square at Vatican. Father Kuriakose Elias Chavara is popularly
known as Chavara Achen and Sister Euphrasia is popularly known as Evuprasiamma both were from Kerala.
43. Deutsche Bank won Channel Islands Custodian of the Year 2014 .
44. Hanumappa Sudarshan of Karuna Trust won 10th India Social Entrepreneur of the Year 2014 Award
45. Rubber Board wins Indira Gandhi Rajbhasha Award: The Department of Official Language under Ministry of Home
Affairs has selected Rubber Board for the Indira Gandhi Rajbhasha Award (First Prize) for excellence in the
implementation of the official language policy for the year 2013-14.
46. Indian-American Neha Gupta won International Childrens Peace Prize 2014
Note: Neha, an 18-year-old Indian American from Philadelphia was awarded for her work to help orphans in India and
other vulnerable children. Neha became the first ever American to be awarded with the prize.
47. Veteran classical vocalist Pandit Jasraj conferred with the Sumitra Charat Ram Award 2014 for Lifetime Achievement.
Sumitra Charat Ram Award: The award was instituted in 2011 to honour stalwarts in art and was named after Sumitra
Charat Ram who founded the Shriram Bharatiya Kala Kendra in 1952.
48. Manmohan Singh chosen for Japan national award: Former Prime Minister Manmohan Singh has been chosen for one
of Japans top national awards for his contribution to India-Japan ties, becoming the first Indian to receive the rare honour.
49. Saiyid Hamid conferred with Sir Ross Masood Lifetime Achievement Award 2014
50. Malala Yousafzai won 2014 Worlds Children prize
51. Radio Kashmir Jammu won Gandhian Philosophy and Public Service Broadcasting award 2014
Note: Jeevan Rekha is a programme based on the live broadcasts done in the wake of flood situation in Jammu and
Kashmir by Radio Kashmir Jammu.
52. Steel Authority of India (SAIL) Chairman CS Verma received IIM- JRD Tata Award for Excellence in Corporate leadership
53. Assam government presented 1st state bravery award to Gunjan Sarma
54. Indian-origin British politician Nigel Keith Anthony Standish Vaz known as Keith Vaz named as the Labour MP of the year
2014.
55. The Centre has named actor Rajinikanth as winner of the Centenary Award for Indian Film Personality of the Year.
56. 2014 Man Booker Prize - Australian author Richard Flanagan won 2014 Man Booker Prize for his novel The Narrow
Road to the Deep North
57. Malala Yousafzai conferred 2014 Liberty Medal
58. Veteran actress Maggie Smith was made a member of the Order of the Companions of Honour, one of Britians highest
honours by Queen Elizabeth.
59. Indian-American student Sahil Doshi won Americas Top Young Scientist award for his innovative design of an ecofriendly device that seeks to reduce carbon footprint, while offering power for household usage.
60. Tamil poet Iqbal named for Singapore's highest cultural award, Cultural Medallion
61. Raghuram Rajan conferred Euromoney's Central Bank Governor of Year Award
62. Ashwika Kapur became the first Indian woman to win prestigious Wildscreen Panda Award.
Note: She won the coveted wildlife photography award in best newcomer category for her film, Sirocco - how a dud
became a stud.
ii. Panda award also known as Green Oscar of the natural history and wildlife film industry was announced at the
annual Wildscreen Film Festival held at Bristol, UK.
63. Indian cop Shakti Devi of the Jammu and Kashmir Police, currently deployed in the UN Assistance Mission in Afghanistan
(UNAMA), has been awarded the International Female Police Peacekeeper Award 2014.
64. Anoop Jain wins prestigious global citizen award for his work to build community sanitation facilities
Note: Anoop Jain was recipient of the 2014 Waislitz Global Citizen Award for his "exemplified values of a Global Citizen"
through his work in founding Humanure Power (HP) in Bihar in 2011 that builds community sanitation facilities in rural
India.
65. Lyricist Sameer honoured with Kishore Kumar Award for 2012-13
66. Shanti Swarup Bhatnagar Prize for Science and Technology (SSB) is a science award in India given annually by the
Council of Scientific and Industrial Research (CSIR) for notable and outstanding research, applied or fundamental, in
biology, chemistry,environmental science, engineering, mathematics, medicine and Physics.
10 scientists get Shanti Swarup Bhatnagar Prize :
The selected awardees in different fields are
Biological Sciences: Dr. Roop Mallik of Tata Institute of
Fundamental Research, Mumbai
Chemical Sciences: Dr. Kavirayani Ramakrishna Prasad of Indian
Institute of Science, Bengaluru and Dr. Souvik Maiti of Institute of
Genomics and Integrative Biology (CSIR-IGIB), New Delhi
Earth, Atmosphere, Ocean and Planetary Sciences: Dr. Sachchida
Nand Tripathi of Indian Institute of Technology, Kanpur
Engineering Sciences: Dr. S Venkata Mohan of Indian Institute of
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5. Former Olympic wrestling champion Steeve Guenot suspended for one year by the French anti-doping agency for missing
doping tests.
6. By scaling Mount Vinson, Antarcticas highest mountain at 4,892 metres, Tashi Malik and Nungshi Malik from Dehradun
have become the worlds first twins and siblings to climb the highest peaks on the seven continents.Both accomplished
their Mission 2 for 7.
7. Priyanka Chopra inks deal with American ABC TV
network.
8. Rampal Singh Jatin arrested by Haryana Police from his ashram in Hisar. He is famous as Sant Rampal and is a
self-styled Godman
9. Congress leader G.K. Vasan quits Congress
10. Bangladesh Jamaat-e-Islami Chief Motiur Rahman Nizami to death penalty for crimes against humanity during 1971
Bangladesh Liberation War.
11. Oscar Pistorius: Oscar Pistorius sentenced to five years in prison for killing her girl friend Reeva Steenkamp. Oscar
Pistorius is a South African sprint runner.
Resign/Retired
1. Isro chairperson K Radhakrishnan retires - Spearheading Indian Space Research Organisation triumphantly through
several milestones.
2. Former Arsenal and French star Thierry Henry retires, ending a 20-year career.
3. Indian Hockey coach Terry Walsh quits
4. Leela Samson resigned as Sangeet Natak Akademi chairperson
5. B Muthuraman, Vice-Chairman of Tata Steel retired from the Board of the company
6. Maharashtra chief minister Prithviraj Chavan has resigned
7. Pankaj Advani announced to retire from professional snooker
8. Li Na: 2-time Grand Slam winner China player Li Na retires from tour
Note: she won the 2011 French Open, and Australian
Open title
9. Vinod Kumar Duggal: Vinod Kumar Duggal resigned as Manipur Governor
10. Sheila Dikshit: Kerala governor resigned
11. K Sankaranarayanan: Maharashtra governor resigned
12. Kamla Beniwal: Mizoram Governor removed
13. Dipa Karmakar became first Indian woman gymnast to win medal in Commonwealth Games
14. Nehchal Sandhu: Deputy National Security Adviser
resigned
Books & Their Authors
1. PM Narendra Modi launched Born Again on the Mountain by Arunima Sinha
2. Prince of Gujarat: The Extraordinary Story of Prince Gopaldas Desai released authored by Rajmohan Gandhi.
3. Rajdeep Sardesai penned the book titled 2014: The Election That Changed.
4. Book titled Letters for a Nation written by Jawaharlal Nehru & Madhav Khosla was published by Allen Lane an imprint
of Penguin Books .
5. Next China-India War- World's First Water War authored by General S. Padmanabhan released.
6. The book titled Black Tornado: The Three Sieges of Mumbai 26/11 authored by Sandeep Unnithan.
7. President of India Pranab Mukherjee penned a book titled The Dramatic Decade: The Indira Gandhi Years.published
by Rupa.
8. Biography My Name is Abu Salem released written by S Hussain Zaidi and published by Penguin.
9. 'Playing it My Way': Author - Sachin Tendulkar & Boria Majumdar Note: Playing It My Way is the autobiography of
former Indian cricketer Sachin Tendulkar.
10. Book Truth Always Prevails written by Sadruddin Hashwani
11. Hlaf Girlfriend - written by Chetan Bhagat
12. The Narrow Road to the Deep North authored by Richard Flanagan
13. Untold Story of Indian Public Sector - authored by Dr UD Choubey,
14. Final Test: Exit Sachin Tendulkar authored by Dilip DSouza
15. A Man and a Motorcycle, How Hamid Karzai Came to Power: written by Bette Dam
16. Not Just an Accountant authored by former CAG Vinod Rai
17. Book The Vijay Mallya Story written by K Giriprakash
1. ARCHERY
Rajat Chauhan,
Sandeep Kumar
Abhishek Verma
Abhishek Verma
Trisha Deb
Purvasha Shende
Jyothi Vennam,
Trisha Deb
2. ATHLETICS
Priyanka Pawar (Running)
Tintu Luka(Running)
Mandeep Kaur (Running)
Poovamma Machettira (Running)
Seema Punia (Women's Discus Throw)
Khushbir Kaur (Women's 20km Race
Walk)
Vikas Gowda (Men's Discus Throw)
Tintu Luka Women's 800m
Manju Bala (Women's Hammer Throw)
Rajiv Arokia (Men's 400m )
Poovamma Maachettira ( Women's
400m)
Lalita Babar ( Women's 3000m
Steeplechase)
OP Jaisha (Women's 1500m)
Naveen Kumar (Men's 3000m
Steeplechase)
Inderjeet Singh (Men's Shot Put)
Annu Rani (Women's Javelin Throw)
3. BADMINTON
Ashwini Ponnappa
PC Thulasi
Tanvi Uday
Pradnya Gadre,
Saina Nehwal
PV Sindhu
Sikki Reddy
4. BOXING
MC Mary Kom - Women's Fly (48-51kg)
Vikas Krishan - Men's Middle (75kg)
Satish Kumar - Men's Super Heavy
(+91kg)
L Sarita Devi - Women's Light (57-60kg)
Pooja Rani - Women's Middle (69-75kg)
7. ROWING
Swarn Singh -Men's Single Sculls
Dushyaht Dushiant -Lightweight Men's
Single Sculls
8. SAILING
Varsha Gautham and Aishwarya
Nedunchezhiyan - Women's Two
Person Dinghy
9. SHOOTING
Jitu Rai - Men's 50m Pistol
Pemba Tamang-(Men's 25m Centre Fire
Pistol )
Gurpreet Singh -(Men's 25m Centre Fire
Pistol )
Vijay Kumar -(Men's 25m Centre Fire Pistol )
Shweta Chaudhry in Women's 10m Air Pistol
Rahi Sarnobat (Women's 25m Pistol Team)
Anisa Sayyed (Women's 25m Pistol Team)
Heena Sidhu (Women's 25m Pistol Team)
Shagun Chowdhary (Women's Double Trap Team)
Shreyasi Singh (Women's Double Trap Team)
Vasha Varman (Women's Double Trap Team)
Abhinav Bindra - Men's 10m Air Rifle
Chain Singh - Men's 50m Rifle 3 Positions
Ravi Kumar ( Men's 10m Air Rifle Team)
Sanjeev Rajput ( Men's 10m Air Rifle Team)
Samaresh Jung ( Men's 10m Air Pistol )
Prakash Nanjappa ( Men's 10m Air Pistol )
10. SQUASH
Saurav Ghosal
Harinder Pal Singh Sandhu
Mahesh Mangaonkar
Kush Kumar
Dipika Pallikal
Joshana Chinappa,
Anaka Alankamony
Aparajitha Balamurukan
12. TENNIS
Sania Mirza
Saketh Myneni
Sanam Singh
Yuki Bhambri
Divij Sharan
Ankita Raina
Rohan Bopanna
13. WRESTLING
Sushil Kumar Mens 66 kg freestyle
Yogeshwar Dutt - Men's Freestyle 65kg
Bajrang - Men's Freestyle 61kg
Vinesh - Women's Freestyle 48kg
Geetika Jakhar - Women's Freestyle 63kg
Narsingh Yadav in Men's Freestyle 74kg
14. WUSHU
Narender Grewal - Men's Sanda -60kg
Santhoi Devi - Women's Sanda -52kg
Chess Magnus Carlsen beats Viswanathan Anand in Game 11, retains World Chess Championship title.
Tennis:
Davis Cup 2014 - Switzerland defeated France to win 1st-ever Davis Cup of Tennis
Note: Switzerland is the fourteenth nation to win the Davis Cup.
Women's Tennis Association (WTA)
Womens single - Serena Williams defeated Simona Halep of Romania
WTA Finals doubles title: Sania Mirza and Zimbabwean partner Cara Black won the title by defeating Su-Wei Hseih of
Chinese Taipei and Shuai Peng of China
Shanghai Masters - Roger Federer defeated Gilles Simon
China Open 2014
Womens Single - Russian Maria Sharapova beat Czech Petra
Kvitova to win the title.
M ens Single - Novak Djokovic beats Tomas Berdych to
win fifth China Open title
US Open 2014:
1. Me ns Single - Croatia's Marin Cilic defeated Kei Nishikori of Japan in straight sets to clinch the title
Note: World No.14 Cilic claimed his first Grand Slam title with the win in his first appearance in a Grand Slam final.
2.Womens Single - Serena Williams defeated Caroline Wozniazki of Denmark to won 3rd consecutive US Open Title
Note: With this win Williams joined the Tennis greats Chris Evert and Martina Navratilova on 18 Grand Slam titles.
3. Men's doubles title - Mike and Bob Bryan won fifth U.S. Tennis Open men's doubles title
4. Mixed Doubles - Sania Mirza - Bruno Soares win mixed doubles title by defeated American-Mexican team of Abigail
Spears and Santiago Gonzalez
11. ICC names SAP SE as analytics and cloud partner for 2015 World Cup.
12. PV Sindhu today bagged the Macau Open Grand Prix Gold Badminton title for the second consecutive time defeated Korean
Kim Hyo Min .
13. Ms Deborah, a tribal girl from Andaman and Nicobar Islands has created history in National Level by winning four Gold
Medals in the Track Asia Cup Cycling Championship 2014 which concluded at Indira Gandhi Stadium, New Delhi.
14. Michael Phelps was crowned Male Athlete of the Year at the 2014 USA Swimming Golden Goggle Awards. He was crowned
with the title for a fifth time.Earlier, he won the title in 2004, 2007, 2008 and 2012. He was awarded with the title despite
being suspended from competition for six months after a drunken driving arrest in September 2014.
15. International Olympic Committee (IOA) President Thomas Bach has welcomed the U.S. decision to bid for the 2024 Games.
16. Five-time chess world champion Viswanathan Anand won London Classic title after defeating British Grandmaster Michael
Adams in the fifth and final round.
17. Cricket World Cup 2015 Ambassadors: Virat Kohli, Mitchell Johnson, Shane Watson, Brendon McCullum and Kumar
Sangakkara have been appointed ambassadors for 2015 World Cup.
18. Polly Umrigar Award 2013-14: Pacer Bhuvneshwar Kumar is selected for Polly Umrigar Award for the 2013-14 season.
19. Former India captain Dilip Vengsarkar will receive the C.K. Nayudu Lifetime Achievement Award for 2014.
20. Lewis Hamilton has won the Abu Dhabi Grand Prix as well as the Formula 1 racing championship title of the year
21. World Tour Golf Championship held in Dubai.
22. China open singles titles: Ace shuttlers Saina Nehwal defeated Akane Yamaguchi of Japan to win the title
23. China open singles titles: K Srikanth defeated Lin Dan of China to win the title
24. India cricket team won the 5-match ODI series against Sri Lanka by 5-0
25. Johnson named ICC Cricketer of the Year: Australian fast bowler Mitchell Johnson declared ICC Cricketer of the Year as
well as the ICC Test cricketer of the Year award.
26. Rohit Sharma creates history, slams record 264 runs to become highest ODI scorer against Sri Lanka.
Note: i. Rohit Sharma become the first man ever to smash two double centuries in ODIs.
ii. His first (209) came against Australia in Bangalore on November 3, 2013
27. World Chess Championship 2014 held in Russia.
Note: The championship is being held under the auspices of the World Chess Federation (FIDE).
28. Indian cricketer Virat Kohli became the quickest cricketer to reach 6,000 runs in ODIs, bettering legendary West Indian
Vivian Richards record during his 53-run knock in Indias third ODI against Sri Lanka.
29. Novak Djokovic defeated Milos Raonic to retain Paris Masters title
30. MS Dhoni named as captain of ICC ODI Team of the Year 2014. He has been selected in the ICC ODI team of the year for the
eight time (seventh year in a row), while fifth year as a captain of the team.
31. Angelo Mathews named as captain of the ICC Test Team of the Year 2014, which includes two more Sri Lankans palyer
Kumar Sangakkara and Rangana Herath in the test team.
32. Novak Djokovic wins ATP (Association of Tennis Professionals) Finals
33. Former England international player Mark Ramprakash hired as England batting coach
34. Cristiano Ronaldo received 2013-14 European Golden Boot award
35. Nico Rosberg wins Brazilian Grand Prix
36. Lewis Hamilton wins United States Grand Prix
37. Pankaj Advani defeated Robert Hall of UK to won IBSF World Billiards Championship
38. Duleep Trophy 2014. : Central Zone defeated South Zone to won the title
39. India( juniors) defeated Great Britain to retain Sultan of Johor Cup title (Hockey). Final was held in Malaysia.
40. Indian golfer Anirban Lahiri won Venetian Macau Golf Open
41. Pankaj Advani won World Billiards Point Format Championship defeated Singapores Peter Gilchrist
42. India cricket captain Mahendra Singh Dhoni and Sahara Adventure Sports Limited are coowners of new Ranchi
franchise ( Ranchi Rhinos) of Hockey Indian League (HIL)
43. ICC awarded global broadcast rights from 2015 to 2023 to Star India and Star Middle East
Note: i. Star India is one of Indias largest media and entertainment companies and is a fully owned subsidiary of 21st
Century Fox, INC.
ii. About Star Middle East: Star Middle East is a wholly owned subsidiary of 21st Century Fox, INC. in the Middle East.
44. India to host first leg of Asia Cup Archery Tournament in Delhi in January 2015
45. Mary Kom voted as India's Most Valuable Player in Asian Games 2014
46. Ajay Jayaram won Dutch Open Grand Prix badminton tournament
47. Oliver Wilson defeated world number one Rory McIlroy to win first European golf title.
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Chief Minister
N. Chandrababu Naidu
NabamTuki
Assam : [Dispur]
Tarun Gogoi
Bihar : [Patna]
Chhattisgarh : [Raipur]
Raman Singh
Note
New Capital Vijaywada propsed
Presidential Rule
Goa : [Panaji]
Laxmikant Parsekar
Replaced ManoharParrikar
Gujarat : [Gandhinagar]
Anandiben Patel
Haryana : [Chandigarh]
Virbhadra Singh
Raghuvar Das
Karnataka : [Bengaluru]
Siddaramaiah
Kerala : [Thiruvananthpuram]
OommenChandy
Manipur : [Imphal]
OkramIbobi Singh
Meghalaya : [Shillong]
MukulSangma
Mizoram : [Aizawl]
Lal Thanhawla
Nagaland : [Kohima]
T. R. Zeliang
Odisha : [Bhubaneshwar]
Naveen Patnaik
Puducherry : [Puducherry]
N. Rangaswamy
Punjab : [Chandigarh]
Rajasthan : [Jaipur]
VasundhraRaje
Sikkim : [Gangtok]
O. Panneerselvam
Telangana : [Hyderabad]
K. Chandrashekar Rao
Tripura : Agartala]
Manik Sarkar
Akhilesh Yadav
Uttarakhand : [Dehradun]
Harish Rawat
Mamata Banerjee
Vitamins
Vitamin A
Vitamin B1
Vitamin B2
Vitamin B3
Vitamin B5
Vitamin E
Vitamin K
Bleeding diathesis
5.
6.
7.
8.
9.
Capital
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(North)
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Akmola
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Tenge
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Country
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Paris
Germany
Berlin
Greece
Athens
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Iceland
Italy
Latvia
Budapest
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Danish Krone
Markka, now
Euro
French Franc,
now Euro
Deutsche Mark,
now Euro
Drachma, now
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Forint
Icelandic Krona
Lire, now Euro
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dda.com
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Federation
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Peseta, now
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Pound Sterling
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kent
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Peso
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Guilder
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Peso
Bolivar
Australian
Dollar
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Dollar
Kina
Australian
Dollar
Note:
i. The euro is the currency used by the Institutions of the European Union and is the official currency of the eurozone, which
consists of 18 of the 28 member states of the European Union:
ii. Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Luxembourg, Malta, the
Netherlands, Portugal, Slovakia, Slovenia, and Spain.
iii. The 10 Countries which are the members of the European Union but do not use EURO as a Currency are 1. United Kingdom
2. Bulgaria
3. Croatia
4. Czech Republic
5. Denmark
6. Hungary
7. Lithuania 8. Poland
9. Romania
10. Sweden
iv. Lithuania is adopting the euro as its official currency in place of the lithuanian litas on 1 January 2015
v. 4 countries who are not the members of EU but they use Euro currency and made formal agreements with the EU and
changed their currency to the euro.
1. Andora
2. Monaco
3. San Marino
4. Vatican City
Important Days
Sr.
no.
1.
DATE
DAY
12th
2.
3.
4.
15th January
24th Jan
25th January
5.
30th January
January
4th
6.
7.
8.
9.
10.
11.
Feb
28th Feb
8th March
9th March
15th March
20th March
12.
21st March
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
22nd March
23rd March
24th March
2 April
7th April
21st April
22nd April
24th April
1st May
3rd May
11th May
21st May
25.
31st May
26.
27.
28.
30
31.
32.
33.
5th June
1st July
11th July
6th August
9th August
12th August
29th August
34.
35.
36.
37.
38.
39.
40.
41.
42.
43.
44.
45.
46.
47.
48.
49.
50.
5th Sept
8th Sept
14th Sept
15th Sept
16th Sept
2nd Oct
8th Oct
9th Oct
24th Oct
17th Nov
18th Nov
19th Nov
27th Nov
1st Dec
4thDec
10thDec
14th Dec
51
24 Dec
of Dhyan Chand)
Teachers day
World Literacy day
Hindi Divas
Engineers day
Ozone day
International Non-violence day
Air force day
World post day
United nation day
Students day
Adults day
Citizens day
National law day
AIDS day
Navy day
Human Rights day
National Energy Conservation
Day.
National Consumers Rights
Day
ABBREVIATION IN NEWS
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
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21.
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24.
25.
26.
27.
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33.
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35.
36.
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38.
39.
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48.
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51.
52.
53.
54.
55.
Management Act
AMFI- Association of Mutual Fund in India.
TIEA Tax Information exchange Agreement
FTA- Free trade agreement
GAAR - General anti avoidance rule
GSLV - Geo-Synchronous Launch Vehicle
NCTC - National Counter-Terrorism Centre
NSG Nuclear Suppliers Group
Power parity
PSLV Polar Satellite Launch vehicle
TAPI - Turkmenistan-Afghanistan-Pakistan-India.
QFI -Qualified Foreign Investors
REER: Real Effective Exchange Rate
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