Bank PO GK for Last 6month 2014

8/12/2019 Bank PO GK for Last 6month 2014

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Current RBI Policy & Reserve Rates:

Repo Rate 8% (Unchanged)

Reverse Repo 7% (Unchanged)

CRR 4% (Unchanged) SLR 23% (Unchanged)MSF 9% (Unchanged) Bank Rate 9% (Unchanged)

Note: As on 1 April 2014, RBI (Reserve Bank of India) in its first bimonthly monetary policy statement kept the key policy rate (repo)unchanged.

About Policy Rates 1. Basis points: It is the increase in interest rates in percentage terms. For instance, if the interest rate increases by 50 basis points

(bsp), then it means that interest rate has been increase by 50%. One percentage point is broken down into 100 basis points.Therefore, an increase from 2% to 3% is an increase of one percentage point or 100 basis points.

2. CRR: Cash reserve Ratio (CRR) is the amount of funds that the banks have to keep with RBI. If RBI decides to increase thepercent of this, the available amount with the banks comes down. RBI is using this method (increase of CRR rate), to drain outthe excessive money from the banks. The current rate is 4%, which means for a cash deposit of Rs. 100, the bank has to park 4rupee with the central bank.

3. Repo rate: Repo rate is the policy rate and is part of RBIs Liquidity Adjustment Facility (LAF). It is the rate at which commercialbanks borrow from the RBI by selling their securities or financial assets to the RBI for a shortperiod of time. It comes with anagreement that the sold securities will be repurchased by the commercial banks from the RBI at a future date at predeterminedprice. The repo rate is used by the central bank to increase liquidity in the system.

4. Reverse repo rate: Reverse Repo Rate is also a part of LAF. It is the rate of interest at which the central bank borrows fundsfrom other banks for a short duration. The banks deposit their short term excess funds with the central bank and earn intereston it. This rate is used by the central bank to absorb liquidity from the economy. Generally it is one percentage less than the Reporate.

5. Bank rate: The only way the bank rate is different from the repo rate is that the bank rate is the rate at which banks borrowmoney from the central bank without any sale of securities. It is generally for a longer period of time

6. Marginal Standing Facility: The Reserve Bank of India in its monetary policy for 201112 introduced the marginal standing

facility under which banks could borrow funds from RBI when there is a considerable shortfall of liquidity. This measure hasbeen introduced by RBI to regulate shortterm asset liability mismatches more effectively. Under this facility, banks can borrowup to 1% of their net demand.

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7. Liquidity Adjustment Facility: Under this facility, banks borrow from the central bank by pledging government securities. 8. Statutory Liquidity Ratio: This is the percentage of deposits that banks must mandatorily hold in the form of government

bonds. SLR bonds are liquid assets that can be sold at a short notice to meet any unexpected demand from depositors.

News related to RBI:

1. RBI, has decided that Indian companies will not be permitted toraise External Commercial Borrowings from overseas branches orsubsidiaries of Indian banks for refinance or repayment of theRupee loans raised from domestic banking system.

2. Raghuram Rajan, the Governor of the Reserve Bank of India (RBI)announced that plastic currency notes will be launched in 2015 after field trials .

3. RBI panel headed by ex Chairman of Axis Bank, P. J. Nayak recommend for diluting govt stake in public sector banks to below50 %. The government should cut its holding in public sectorbanks to under 50 per cent, a Reserve Bank of India (RBI) panelreport on Tuesday said, criticising the way in which the lendersare now being governed.

4. Reserve Bank of India granted banking licences to infrastructurefinancing firm IDFC and microfinance institution Bandhan from among 25 applicants that included corporate heavyweightsADAG Group, Aditya Birla Group and Bajaj Group.Note: The inprinciple approval granted (to the two entities) willbe valid for a period of 18 months during which the applicantshave to comply with the requirements under the guidelines andfulfil the other conditions as may be stipulated by the RBI.Chandra Shekhar Ghosh: CMD of Bandhan financial servicesDr. Rajiv B. Lall: Chairman of IDFC Infrastructure FinanceCompany.

5. Reserve Bank of India (RBI) issued the guidelines to allow theminors of age above 10 years to independently open and operatesavings bank accounts and use other facilities like ATM andcheque books.

6. RBI extended the timeline for full implementation of Basel III norms 31 March 2019 instead of 31 March 2018.

7. RBI in consultation with Union Government on 1 April 2014capped the Ways and Means Advances (WMA) limits for the first half of the new financial year 201415 (April 2014Sep 2014) at 35000 crore rupees .Note: The interest rate on WMA/overdraft will be based on : a) WMA: Repo Rate. b) Overdraft : Two percent above the RepoRate

8. RBI extends date of exchanging pre2005 notes to Jan 1, 2015Note : The Reserve Bank has further clarified that the public can continue to freely use these notes for any transaction. RBI hassaid that people can unhesitatingly receive these notes in payment, as all such notes continue to remain legal tender.

9. Reserve Bank of India (RBI) hiked the trade related remittance limit from 2 lakh rupees to 5 lakh rupees per transaction withimmediate effect. It also increased the number of transaction handled by exchange houses.

10. KC Chakrabarty, Deputy Governor, Reserve Bank of India, has quit three months ahead of completion of his term.11. RBI pegged 201415 GDP growth at a central estimate of 5.5 percent.12. Economic growth for 201415 expected at 5.5 pc.13. CAD expected to come down to 2 pc of GDP in 201415.14. Retail inflation expected to be under 6 pc in 2014.15. RBI panel headed by RBI Deputy Governor Anand Sinha has recommended bringing a benchmark floating interest rate,

especially for home loans. Panel also suggested Indian Banks Base Rate (IBBR). 16. The deadline for switching to new format bank cheques under the Cheque Truncation System (CTS) ended on 30 April 2014.17. RBI scraps 26% cap on interest rate for MFIs: (RBI) removed 26 per cent cap on the interest rate that can be charged by a

microfinance company to its borrowers. MFI is allowed to charge interest rate equal to 2.75 times the average of the base rates ofthe top five commercial banks.

18. RBI permits 4 non bank entities to set up white label ATMs: The Reserve Bank has issued certificate of authorisation to fournonbank entities:

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(1) Tata Communications Payment Solutions (2) Muthoot Finance,(3) Prizm Payment Services and(4) Vakrangee Ltd . , to set up White Label ATMs (WLAs) in the country.Note: Most of the ATMs belong to banks, but the cash dispensing machines which are owned and operated by nonbankingcompanies are called White Label ATMs.

19. RBI permits Srei to roll out white label ATMs: Srei Infrastructure Finance is planning to start rollout of its while label ATMs(WLAs) between July and September starting with a pilot of 200 TierIII towns in Uttar Pradesh and Bihar.

20. The expert committee headed by Urjit R. Patel , Deputy Governor of the Reserve Bank of India examine the current monetarypolicy framework of the Reserve Bank of India (RBI) has suggested that the apex bank should adopt the new CPI (consumer priceindex) as the measure of the nominal anchor for policy communication. The nominal anchor or the target for inflation should beset at 4 per cent with a band of +/ 2 per cent around it.

21. Ex-Chairman of Axis B ank, P. J. Nayak is the head of the expert panel to review bank boards governance . The panel willreview the RBI's regulatory guidelines on ownership of banks and representation in their boards, among other things.

22. The Reserve Bank of India has raised the Foreign Institutional Investors, FIIs investment limit in the Power Grid Corporation to30 per cent of its paid up capital, under the Portfolio Investment Scheme.

23. The Reserve Bank of India (RBI) has doubled the sublimit for foreign

investment in government securities, to USD 10 billion by longterminvestors. RBI's move is aimed to attract more foreign funds. Investorslike sovereign wealth funds (SWFs), multilateral agencies, insurancefunds, pension funds and foreign central banks are considered as longterm investors.

24. RBI relaxes gold loan norms : The Reserve Bank of India has allowed NonBanking Financial Companies, NBFCs to lend up to75 per cent of the value of gold. It was 60 per cent earlier.

25. RBI panel ( headed by banker Nachiket Mor ) has suggested setting up of specialised banks to cater to low income householdsto ensure that all citizens have bank accounts by 2016.

26. The RBIappointed committee on financial inclusion has recommended that the central bank should set up specialisedbanks called Payments Bank to provide payment services and deposit products to small businesses and lowincome households. The committee, headed by Nachiket Mor, said that since the new bank will be dealing with poor customers, such a bank mustbe allowed to accept a maximum deposit of not more than Rs 50,000.

27. The Reserve Bank of India (RBI) had set up a panel under executive director Deepak Mohanty to review the current system ofdata collection, dissemination and data management processes in the central bank and improve the existing mechanism.

28. RBI tightens norms for credit card holders: RBI advised banks to treat a credit card account as a nonperforming asset if thecustomer fails to pay the minimum due amount within a stipulated 90day period.

Highlights of Interim Budget 2014: Finance minister P Chidambaram presented his interim budget for 2014.

Fiscal deficit for current fiscal to be 4.6%Revenue deficit estimated at 3% for current fiscal

Excise duty on SUVs cut from 30 to 24%, in large and midsegment cars from 2724% to 2420%No changes in tax laws in interim budgetExcise duty cut from 12 to 10 per cent in capital goods sector to stimulate growthExcise duty on mobile handset to be 6% on CENVAT credit to encourage domestic productionRs 500crore estimated requirement for implementing onerankonepay scheme for armed forces in 201415Rs 6000crore to rural housing fund, Rs 2000 crore for urban housing fundRs 3711 crore for minority affairs; housing and urban poverty alleviation gets Rs 6000 croreFiscal deficit target of 3% to be achieved by 2017CAD will be $45 billion in 201314Foreign exchange reserves up by $15 billionFoodgrain production estimated at 263 million tons in 201314

3 more industrial corridors ChennaiBangalore, BangaloreMumbai, AmritsarKolkata under various stages ofimplementationGDP growth rate in Q3 and Q4 of 201314 will be at least 5.2%

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FDI Limits

Sr no. List of Limits in Various Sectors (In %)1. Defence 262. Pension 493. Insurance 494. Print Media 265. Civil Aviation 496. Public Sec. Banks 207. Private Sec. Banks 748. Multi Brand 519. Single Brand 10010. Tourism 100

India GDP Forecast:

RBI pegged 201415 GDP growth at a central estimate of 5.5 % World Bank lowers Indias GDP growth forecast for 201415 at 5.7 %

ADB pegs India GDP growth rate for 201415 at 5.5 % IMF projected GDP growth for India in 201415 at 5.4 %

India ranking in different Indexes for 2013 14:

1. Global Environment Performance Index 2014 155 2. Intellectual property (IP) environment 2014 25 (US ranked on the top followed by UK and France ) 3. World Press Freedom Index 2014 140 in the list of 180 countriess4. Nuclear material security index 2014 23rd out of 25 countries5. World's best countries for doing business 2014 98 th (Ireland topped the list).6. Social Progress Index 2014: 102 out of 1327. Global Hunger Index 2013 638. World Prosperity Index 2013 106. Norway tops the list.9. Global Gender Gap Report 2013 101. Iceland tops the list.10. Global Peace Index 2013 14111. Human Development Report 2013 13612. Global Corruption Index 2013 9413. Global Competitiveness Index 2013 60 for 2013 (Switzerland top in this report)14. Gender Inequality Index 2013 132 nd (UN Human Development (Index) Report)

Some Important Economic Terms :

1. Bond: A certificate of debt (usually interestbearing or discounted) that is issued by a government or corporation in order toraise money; the bond issuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal.

2. Balance sheet: Record of the financial situation of an institution on a particular date by listing its assets and the claims againstthose assets.3. Balance of trade The part of a nation's balance of payments that deals with merchandise (or visible) imports or exports.4. Closed economy: A closed economy is one in which there are no foreign trade transactions or any other form of economic

contacts with the rest of the world.5. Deflation: Deflation is the continuous decrease in prices of goods and services. Deflation occurs when the inflation rate becomes

negative (below zero) and stays there for a longer period.6. Debenture: Debenture is a loan issued by a firm, involving g a fixed repayment schedule, in terms of both time and interest.7. Debit: Money paid out from an account either from a withdrawal or a transaction that result in decreasing the cash balance.8. Equity: Equity is a one financial instrument by which company invite the public to invest their money in the company and

investor can become a partner of the company. Generally, when the company have insufficient money to expand its business itcomes with equity shares.

9. Economic growth An increase in the total output of a nation over time. Economic growth is usually measured as the annual

rate of increase in a nation's real GDP10. Excise Tax Taxes imposed on specific goods and services, such as cigarettes and gasoline.11. Exports Goods or services produced in one nation but sold to buyers in another nation.

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12. Fiscal policy: Fiscal policy defines the use of government spending and revenue collection to influence the economy.13. Foreign Direct Investment (FDI): Investment of foreign assets directly into a domestic company's structures, equipment, and

organizations. It does not include foreign investment into the stock markets14. Foreign Exchange (FOREX): Foreign Exchange (FOREX) is the arena where a nation's currency is exchanged for that of

another.15. GDP: GDP stands for Gross Domestic Product. It is a method of measuring the size of economy of a country. We can define as the

total market value of all the goods and services produced in a given period of time in a country.16. GNP: The total value in money of all finished good and services produced in an economy in one full year, and all net propertyincome from abroad. The GNP growth rate is an important economic indicator for countrys economic development.

17. Imports: commodities (goods or services) bought from a foreign country.18. Inflation: Inflation is as an increase in the price of bunch of Goods and services that projects the Indian economy. An increase in

inflation figures occurs when there is more demand and less supply of the goods.19. Mutual Fund: There are accumulation and collection of many different types of shares. It is when investors together want to buy

securities as a group, this fund can be called a mutual fund. Each and every investor of this group has a proportional stake in theshares based on the amount he has contributed.

20. Monetary policy: It is the process by which the central bank, or monetary authority of a country controls (i) the supply ofmoney, (ii) availability of money, and (iii) cost of money or rate of interest.

21. National income The amount of aggregate income earned by suppliers of resources employed to produce GNP; net nationalproduct plus government subsidies minus indirect business taxes.

22. Per Capita

Income: The total national income divided by the number of people in the nation, It means the share of eachindividual when the income from the productive activities is divided equally among the citizens.

23. Sales tax Taxes paid on the goods and services people buy.24. Stock A certificate reflecting ownership of a corporation.25. Tax: A fee charged by a government on a product, income, or activity. If tax is levied directly on personal or corporate income,

then it is a direct tax. If tax is levied on the price of a good or service, then it is called an indirect tax.26. VAT: VAT is the indirect tax on the consumption of the goods, paid by its original producers upon the change in goods or upon

the transfer of the goods to its ultimate consumers. It is based on the value of the goods, added by the transferor. It is the tax inrelation to the difference of the value added by the transferor and not just a profit. All over the world, VAT is payable on thegoods and services as they form a part of national GDP.

27. Wholesale Price Index (WPI): The Wholesale Price Index (WPI) takes into account the wholesale prices of identifiedcommodities for calculating rate of inflation.

Important Committees in News:

1. PJ Nayak: to review Governance of Boards of Banks in India. The committee was constituted under the chairmanship of P. J.Nayak. He is a former Chairman and CEO of Axis Bank.

2. M P Bezbaruah : to suggest suitable remedial measures to address concerns regarding security of people from North East.3. B. Sambamurthy: panel favours single mobile banking app on all SIMs. Panel recommended that customers should not be

required to visit the bank branch for mobile number registration.4. BCCI suggests threeman committee to SC to probe IPL scandal. Ravi Shastri, former Calcutta High Court Chief Justice J N

Patel and exCBI Director R K Raghavan as members of the probe committee.5. Vijay Kelkar Committee was appointed by the Petroleum and Natural Gas Ministry to prepare a road map to make India self

sufficient in oil and natural gas by 2030.6. Vishnu Sahay committee : look probe into the Muzaffarnagar communal violence.7. Urjit Patel Committee to examine the current monetary policy framework8. Mukul Mudgal member panel to probe IPL spotfixing9. Nachiket Mor committee on comprehensive financial services for small businesses and lowincome households.10. Justice A.P. Shah committee : to head panel on road safety11. Anil Kaushal committee : to examine the recommendations made by the TRAI on pricing of Spectrum.12. Bimal Jalan panel : to scrutinize applications for new bank licenses.13. Parthasarathi Shome . for Tax Administration Reform Commission (TARC), Suggest a system to enforce better tax compliance14. Kirit Parikh panel : on fuel pricing has suggested that the diesel prices should be increased by Rs 11.50 a litre every month as

against the 4550 paise monthly hike followed currently.

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15. K U.B. Rao : the idea of setting up Bullion Bank or Bullion Corporation of India16. C Rangarajan Panel recommended the pricing of natural gas by a

complex methodology of arriving at an average of International gashub prices.

17. Arvind Mayaram Panel: report on the alleged irregularities at theNational Spot Exchange Ltd (NSEL)

18. Arvind Mayaram Committee for giving clear definitions to Foreign Direct Investment (FDI) and Foreign Institutional Investment (FII)

19. Suma Verma Committee to update, and revise the BankingOmbudsman Scheme, 2006

20. Damodran Committee: on improvement of customer services inbanks

21. Shri M. Narasimham Committee: on Banking Sector Reforms22. Shri Raghuram Rajan Committee: on Financial Sector Reforms,23. Shri B. Mahapatra Committee: to review the existing prudential

guidelines on restructuring of advances by banks/financialinstitutions

24. Shri Aditya Puri Committee: Dissemination of Credit Information25. Shri K.U.B. Rao Committee: recommended aligning gold import

regulations26. K M Chandrasekhar committee : for rationalization of foreign

investment norms27. Shri Pulak Kumar Sinha Committee: to study the feasibility of

Aadhaar as an additional factor for authentication of card presenttransactions

28. Mukul Mudgal Committee: looking into US giant Walmart's lobbyingactivities to enter India

29. MBN Rao Committee: to prepare the blueprint of Indias firstwomens bank

30. JS Mathur committee : to revise Newspaper Advertisement Rates.31. K. Ratna Prabha : Committee on indecent depiction of women in

media

News Related to Banking & Finance

1. India recently launched its own payment gateway 'RuPay', equivalent of Visa and Mastercard, which will work on ATMs and

merchant outlets and help in reducing cash transactions. Note: i. RuPay, which works on three channels ATMs, Point of Sales (POS) and online sales, is the seventh such paymentgateway in the world.ii. The RuPay platform developed by National Payments Corporation of India (NPCI) is being used by certain banks like ICICI,State Bank of India, Punjab National Bank, among others, for clearing and settlement.

2. India became third largest economy in 2011 from 10th in 2005: World Bank.3. Note: India emerged as the worlds thirdlargest economy in 2011 from being the 10th largest in 2005, moving ahead of Japan,

while the US remained the largest economy closely followed by China, latest figures have revealed.4. Govt accepts Sahoo panel report on review of depository receipts scheme. The key recommendations of the committee include

allowing issuance of depository receipts against any underlying securities equity or debt, by any issuer listed or unlisted.Note: Depository receipts are receipts denominated in foreign currency created by a depository in the country of listing. Thereare two popular types of depository receipts global depository receipts and American depository receipts.

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5. ING Vysya Life Insurance Company Ltd has become Exide Life Insurance Company. The insurance company will continue tohonour its commitments and obligations under the insurance policies issued to customers in the name of ING Vysya InsuranceCompany Ltd.

6. Switzerland and Norway are the world's most expensive economies, followed by Bermuda, Australia and Denmark, according toa new ranking by the World Bank

7. SBI launches 3 Digital banking facilities for its customers i. Tab Banking for Saving A/C Opening Savings a/c at Customers door step using tablet PC provided to the Banks Sales Staff (who visit the Customershome).ii. TAB Banking for Home Loan Inprinciple approval for the home loan at customers door step using tablet PC provided to the Banks Home Loan SalesTeam which will capture on the tablet KYC details and details.iii. eKYC Generates eKYC (Know Your Customer) identity document.

8. The Bombay Stock Exchange (BSE) launched an Institutional Trading Platform (ITP) to help Small and Medium Enterprises (SMEs) and startup companies to list on the bourses without an Initial Public Offer (IPO).

9. Basel Committee issued Final standards to curb exposures of banks to customers. The Basel Committee on Banking Supervisionon 15 April 2014 issued Final standards for measuring and controlling large exposures of banks to customers. These standardswill take effect from 1 January 2019

10. Bank of India (BOI) has become the first Indian bank to extend a bridge loan of $200 million to Air India to finance thepurchase of two Boeing 787 Dreamliner aircraft.

11. India leads global remittances with USD 70 bn in 2013. India's neighbour China follows second with USD 60 billion, said theWorld Bank report

12. World Trade Organisation (WTO) projected that the world trade will grow by 4.7 percent in 2014.13. The World Bank give loan Pakistan 12 billion dollars over the next five

years to help lift its economy,14. Qatar based Doha Bank announced its First branch in Mumbai. The

branch in Mumbai will be opened as a fullfledged bank in May 2014.Note: Bank of Bahrain & Kuwait, Abu Dhabi Bank are the two otherbanks from Arab countries to have operations in India before Dohabank.

15. Bank of India (BOI) launched Instant Money Transfer (IMT) scheme in Mumbai.Note: IMT scheme allows customers to withdraw cash without using either debt card or credit card at BoI's IMTenabled ATMs.This is the firstofitskind initiative launched by a public sector bank.

16. Kotak Mahindra launches accounts integrated with Facebook, Twitter.17. ICICI Prudential Mutual Fund has bagged Morningstar Indias best fund house award in the debt, equity and multiasset

category.18. ADB pegs India GDP growth rate for 201415 at 5.5 pc 19. Inflation based on Wholesale Price Index (WPI) reached a 3month high of 5.7% in March 2014.20. Wholesale Inflation falls to 9month low of 4.68 per cent in Feb21. Kotak Mahindra Bank announced the launch of Jifi, a firstofitskind fully integrated social bank account that transcends normal

digital banking by seamlessly incorporating social networking platforms like Twitter and Facebook with mainstream banking.22. ExportImport Bank of India extended a Line of Credit of $89.90 million to the Government of Republic of Congo, for

development of transportation system in the Republic of Congo.23. Central Bank of India has sold its entire stake in credit information provider CIBIL to Transunion International Inc. Central Bank

had a 5 per cent stake in CIBIL while Transunion is the majority shareholder in CIBIL at 27.5 per cent.24. Canara Bank names cricketer Shikhar Dhawan as its brand ambassador.25. Housing Development Finance Corporation (HDFC) Bank set World record for Blood collection in a single day. The blood

donation camp organised by HDFC Bank on 6 December 2013 was recorded in the Guinness Book of Records.26. The World Bank has said it would provide up to $3 billion in aid for Ukraine in 2014 to help the country deliver muchneeded

economic reforms.27. Max Life Insurance has tied up with Toyota Financial Services India Ltd to provide insurance cover to car loan customers. 28. Bihar emerges as fastest growing state ( 15.05 per cent) in 201213: CSO Report.

Note : According to the CSO data, Gujarat ranked 6th with growth rate at 7.96 per cent, behind Bihar and Madhya Pradesh with9.89 per cent, Goa 8.47 per cent, Kerala 8.24 per cent and Odisha 8.09 per cent. The allIndia growth rate in 201213 was 4.47per cent.

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29. Indian Bank has bagged national award for excellence in lending to micro enterprises for 20122013, for the consecutive secondyear.

30. Corporation Bank has bagged the awards for lending to MSE (micro and small enterprises) and to micro enterprises from theUnion Ministry of Micro, Small and Medium Enterprises (MSME) for 201213.

31. The Bank of Bahrain and Kuwait, BBK, plans to expand its operations in India by opening its fourth branch in the country in NewDelhi.

32. Interest rate on Post Office FDs increased by up to 0 .2 per cent f rom 8.2 percent to 8.4 percent . 33. Indias 1st post office savings bank ATM inaugurated in Thyagaraya Nagar, Chennai.34. SEBI approved the new Corporate Governance norms. The new corporate governance norms would become applicable for all

listed companies with effect from 1 October 2014.35. Wholesale inflation eased to a sevenmonth low of 5.05 per cent in January , on decline in the rate of price rise in food articles,

mainly vegetables.36. Retirement fund body EPFO decided to increase the rate of interest on Provident Fund deposits to 8.75 percent from 8.5

percent. 37. The National Bank for Agriculture and Rural Development has sanctioned Rs 348.63 crore to Karnataka under Rural

Infrastructure Development Fund (RIDF).38. Asian Development Bank (ADB) has provided $400 million first tranche line of credit to India Infrastructure Finance Company

Ltd (IIFCL) to help accelerate infrastructure growth through increased private sector investment.39. Asian Development Bank will provide USD 275 million loan for improving rural road connectivity in five states including

Assam, Chhattisgarh, Madhya Pradesh, Odisha and West Bengal in the country.40. Bharatiya Mahila Bank (BMB) and SBI Cards have joined hands for rollout of credit cards to customers of Indias first women

focused commercial bank41. Bharatiya Mahila Bank (BMB), the first allwomen bank, tied with New India Assurance to launch health insurance products for

women account holders of the bank.42. The Bank of Japan (BOJ) and RBI concluded an agreement that expands the maximum amount of the bilateral swap arrangement

(BSA) between the two countries to USD 50 billion. Note : BOJ Governor is Haruhiko Kuroda and RBI Governor Raghuram Rajan

43. National Bank for Agriculture and Rural Development (NABARD) has reduced refinance rate for banks and other

lending agencies by 0.20 per cent to promote rural credit and rural infrastructure.Note: The revised rate of interest on refinance for a period of five years for commercial, state cooperative, regional rural andprimary urban cooperative banks will be 9.70 per cent, down from 9.90 per cent.

44. SEBI grants new status to three clearing corporations to National Securities Clearing Corporation, Indian ClearingCorporation and MCXSX Clearing Corporation.

45. IMF projected 5.4 percent economic growth for India in 20141546. WB (World Bank) projected economic growth rate of 5.7% for India in 2014 15 fiscal47. World Bank will provide $250 million loan to construct disaster resilient houses and roads in disasterhit Uttarakhand.48. World Bank will provide $500 million loan for water supply and sanitation projects in the rural areas of Assam, Bihar,

Jharkhand and Uttar Pradesh. 49. World Bank will provide 50 million dollar assistance to Afghanistan to support the government's efforts to improve access to

credit for micro, small and medium enterprises.50. LIC has relaunched its Jeevan Anand plan , a participating nonlinked plan which offers an attractive combination of

protection and savings.51. Govt launches inflation indexed saving bonds which offer protection to retail investors from price rise. The minimum limit for

investment is Rs 5,000 and the maximum is Rs 5 lakh per applicant per annum. Interest rate would be linked to Consumer PriceIndex (CPI).

52. The worlds first Bitcoin storage service that insures deposits of the digital currency against hackers and accidental losshas opened in London.

53. Economic growth in India projected at 5.35% in 2014, says UN report54. UN projected the global economy to grow at a pace of 3 per cent in 2014 and 3.3 per cent in 2015.55. Indian Overseas Bank launched Connect Card, a new ATM cum Debit card in association with VISA that can be used for e

commerce across five lakh merchant outlets.56. The Competition Commission of India (CCI) approved American retail giant Walmart Stores Inc's proposal to acquire Bharti

Group's nearly 50 per cent stake in their Indian wholesale stores joint venture.

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57. The National Bank for Agriculture and Rural Development (NABARD) projected a credit potential of Rs 12726.83 crore in thestate focus paper (SFP) for the year 201415 in Uttarakhand under the priority sector.

Important News (India & World):

1. Bharatiya Janata Party wins 282 seats as the NDA bags 334 in General Elections 2014. The BJP led NDA is set to form the newGovernment at the Centre with a massive win in the Lok Sabha elections. The saffron party has secured an absolute majority onits own by winning 282 seats .

2. BJP wins 71 seats in UP. In Uttar Pradesh results of all 80 constituencies have been declared. Bharatiya Janata Party has 71seats. Ruling Samajwadi Party has won 5 seats and twoseats each has been won by the Congress and the BJP ally Apana Dal.

3. India will become the worlds third largest oil consumer by 2025 according to the US Energy Information Administration (EIA).The US Energy Information Administration (EIA) released its annual Energy Outlook on 7 May 2014. At present, India is thefourth largest oil consumer in the world behind the US, China and Japan.

4. Actorfilmmaker Kamal Haasan led the Indian delegation at the 67th Cannes International Film Festival inaugurated in Cannes,

France on 14 May 2014. 5. The United Nations and the International Olympic Committee has signed a historic agreement to use the power of sports to

promote peace and economic developm ent.Note: IOC President: Thomas Bach

6. European Union bans Indian Alphonso mangoes, veggies from May 1. The 28member European Union has temporarilybanned the import of Alphonso mangoes, the king of fruits, and four vegetables from India from May 1, sparking protests fromthe Indian community, lawmakers and traders. Note: The recent decision by the grouping's Standing Committee onPlant Health came after 207 consignments of fruits and vegetables fromIndia imported into the EU in 2013 were found to be contaminated bypests such as fruit flies and other quarantine pests.

7. Microsoft acquires

Nokia's

mobile

phone

business

for

$7.5bn.

TheFinnish company will now focus on networks, mapping services and

technology development and licences.Note: Former Nokia chief executive Stephen Elop has become executive vice president of the Microsoft devices group

8. The Supreme Court of India appointed former judge of the High Court of Australia, Michael Hudson McHugh as the thirdarbitrator to resolve the dispute between the Central government and Mukesh Ambaniled Reliance Industries Ltd (RIL) on KGbasin.

9. SC recognizes transgender as third category of sex. In a landmark judgement, the Supreme Court on Monday recognisedtransgenders or eunuchs as third category of gender and directed Centre and states to grant them all facilities including votersID, passport and driving licence.

10. WHO certifies India as a polio free nation. 11. World Meteorological Organization (WMO) panel announced that Cherrapunji in India regained the world record for highest

rainfall in 48 hours with 2493 millimeters.12. Russia suspended from G8 group: The G7 group of top economic powers have kicked out Russia from the powerful G8 over its annexation of Crimea and

threatened to impose far-reaching sanctions if Moscow continued its incursion into Ukraine. ii. The US and six other economic powers also scrapped the G8 summit to be hosted by Russia in Sochi in June to build pressure on Russian President Vladimir Putinagainst his military action in Ukraine. About Crimea i. The Autonomous Republic of Crimea is an autonomous parliamentary republic within Ukraine and is governed by theConstitution of Crimea in accordance with the laws of Ukraine.ii. The capital is the city of Simferopol , located in the center of the peninsula. Crimea's area is 26,200 square kilometers.iii. The Crimean peninsula, the main flashpoint in Ukraine's crisis, is a pro-Russia part of Ukraine, separated from therest of the country geographically, historically and politically. It also hosts Russia's Black Sea Fleet. Ukraine hasaccused Russia of invading it.

13. IFFCO gets approval to set up $ 1.6 bn urea plant in Canada.14. Global pharma major Novartis acquire GlaxoSmithKline plc's (GSK).

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15. Andhra Pradesh has recorded highest growth in terms of milk production at over 41 per cent and percapita milk availabilityabout 36 per cent, during the period 200610.

16. A US jury ordered Samsung Electronics Co Ltd to pay $119.6 million to Apple Inc, a big loss for the iPhone maker in the latestround of their globespanning mobile patent litigation.

17. Cadbury India Limited announced to change its name to Mondelez India Foods Limited. Cadbury India Limited is a subsidiary ofMondelez International Inc.

18. Vietnam (Hanoi) decided not to host the 2019 Asian Games for financial reasons, and was exploring procedures to withdrawfrom staging the region's largest sporting event.

19. Sun Pharmaceutical Industries (SPL) announced that it will acquire 100 per cent of Ranbaxy Laboratories in a $ 4 billion allshare transaction.

20. Deadly Heartbleed virus arrives in Indian cyberspace.21. Jammu and Kashmir became the first state in the country to declare all election booths in the coming Lok Sabha polls as no

smoking zones.22. IRV 2020 programme has been launched by WHOIndia , with an aim to

protect and increase the population of the onehorned rhinoceros(Rhinoceros unicornis).

23. Workdays for tribals under MNREGA raised from 100 to 150.

Those tribals who have received land rights under the Forest RightsAct, 2006 will be eligible for additional 50 days of wage employmentunder the rural job scheme.

24. India nominated Rani ki Vav located in Patan, Gujarat and theGreat Himalayan National Park (GHNP) in Himachal Pradesh forUNESCOs World Heritage Site Status for 2014.

25. Vandana Foundation launched AQUATM in Mumbai: TheAQUATM is a water vending machine from which water can bepurchased. This water wending machine will release 1 liter water ata price of 1 rupee.

26. Air India is all set to join the world's largest airline grouping, Star

Alliance, this July, making it the first airline from India to be part of aglobal chain of carriers.27. Gujarat state has been ranked number one in a list of India's 20

largest states in terms of economic freedom.28. Google partners with Ray ban for Google Glass.29. India is Dubais largest non oil trading partner in 20131430. In the biggestever deal signed at the India Aviation Show, SpiceJet

has inked an agreement with Boeing for purchase of 42 737 MAX 8aircraft costing Rs. 26,000 crore ($ 4.4 billion).

31. Kelloggs ropes in Deepika Padukone as brand ambassador forSpecial K

32. Mauritius President Rajkeswar Puryaag is the chief guest at GlobalAyurveda Fest in Kerala

33. National Waqf Development Corp. Limited is a new Central Public Sector Enterprise in New Delhi . Note: It will be remain under the Ministry of Minority Affairs. National Waqf Development Corporation (NAWADCO) has beenestablished with an authorized share capital of Rs.500 Crore. ii. The corporation has been establishment as a followup of the recommendation of Sachar Committee .

34. Social media giant Facebook will acquire mobile messaging company WhatsApp for 19 billion dollars in a cash and stock deal,the largest acquisition by the Mark Zuckerbergled firm. Under the agreement, WhatsApp co founder and CEO Jan Koum willjoin Facebook Board of Directors.Note : WhatsApp, headquarters is in California's Mountain View.

35. Odia declared as classical language . So far, Sanskrit, Tamil, Telugu, Kannada and Malayalam have been declared as classicallanguages.

36. Google and Archaeological Survey of India (ASI) jointly launched 360 degree panoramic imagery of 30 out of 100 "nationallyimportant monuments" including Taj Mahal, Red Fort, Humayun's Tomb, Jantar Mantar and Qutub Minar among others,viewable to onethird of the world's population.

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37. Cheteshwar Pujara, the middle order batsman of Indian cricket team appointed as the brand ambassador of the Gujarat StateElection Commission.

38. Countrys first Minority Cyber Village opened in Chandoli in Alwar district of Rajasthan.39. Sikkim achieves over 100 percent sanitation. Sikkim has become the only state in the country to achieve more than 100 percent

sanitation in rural and urban households, schools, sanitary complexes and Aanganwadi centres.40. Indias first monorail service launched in Mumbai . The first phase covers 8.9 km long WadalaChembur section.41. Belgium became second country to allow Mercy Killing for Children. Parliament of Belgium on 14 February 2014 legalised death

to terminally ill children of any age.Note: Other European countries that allows active euthanasia are: 1. Luxembourg, which permits active euthanasia forover 18 years in age. 2. Switzerland lets doctors to help adult patients to commit suicide

42. India is the worlds largest arms importer: SIPRI. The new data has ranked China and Pakistan second and third respectively asthe largest arms importer. The report published by as Swedish Think Tank, Stockholm International Peace Research Institute(SIPRI) has claimed that India continues to be the largest buyer of arms in the world.

43. India became third largest crude oil importer in the World.Worlds Top Five OilImporting Countries are: 1.China, 2.U.S.A:, 3. India 4. Japan 5.Germany

44. Facebook with more than 1.2 billion users worldwide is celebrating its 10th birthday on 3 rd Feb 2014.45. Six Public Sector Units (PSUs) have signed a Memorandum of Understanding (MoU) to set up the Worlds largest 4000 MW ultra

solar power project in Rajasthan. The project will be the largest single location solar plant spread across 19000 acres at Sambharin Rajasthan.

46. The Ministry of Railways and the Government of Karnataka signed a memorandum of understanding (MoU) for the setting up ofa rail coach factory at Kolar in Karnataka.

47. Cabinet approves quota hike of subsidised LPG cylinders from 9 to 12.48. Kerala wins UN award: Kerala Tourism has been conferred the United Nations Award for creating innovative initiatives for

sustainable tourism, the first time India has ever won the recognition. 49. Odisha's Chilika lagoon , hotspot for biodiversity, has been named 'destination flyways' by United Nations World Tourism

Organization (UNWTO) following its inclusion in a list of eight such sites worldwide.Note: Chilika is the only site to be selected from Asia by the UNWTO.

50. Japanese PM (Shinzo Abe) is the Chief Guest at Indias 65 th Republic Day celebrations on 26 th January 2014.

51. The Jain community was accorded minority status by the central government, which will enable them to avail of benefits ingovernment schemes and programmes. The Jains became the sixth community to have minority status after Muslims, Christians, Sikhs, Buddhists and Parsis.

52. Amul launches Indias first milk ATM in Gujarat.53. Sourav Ganguly conferred Doctor of Letters degree by the prestigious Bengal Engineering and Science University (BESU),

Shibpur, for his great contribution to Indian cricket.54. Delhi became first state to withdraw FDI in Multibrand Retail.55. India has been ranked 98th in the Forbes list of world's best countries for doing business that has cited poverty, corruption and

discrimination against girls among the challenges facing the country. Ireland topped the list.56. The US Green Building Council (USGBC) has ranked India as No 3 among the list of top 10 countries for LEED outside of the

United States.57. Prince Harry has become the first British royal to reach the South Pole after a threeweek charity trek with injured military

veterans from Britain, the U.S., Canada and Australia.58. Cricket icon Sachin Tendulkar has been named the regional brand ambassador by the UNICEF to promote its Total Sanitation

Campaign in India, Pakistan, Sri Lanka, Bangladesh and Nepal.59. The Petroleum Conservation Research Association under the Ministry of Petroleum and Natural Gas has selected Andhra

Pradesh for the award of best performing State amongst the big states for the oil and gas conservation programmes.60. Gorakhpur railway station entered Limca Book of Records as worlds longest platform

Note: Before the platform number one of Gorakhpur, the platform of Kharagpur railway station of West Bengal had thedistinction of being worlds largest platform with length of 1072.5 meters.

61. India ranks 140 in the list of 180 countries in the World Press Freedom Index 2014, whereas China and Pakistan were placed at175th and 158th position respectively.

62. India was ranked 94th out of 177 countries on Global Corruption Perception Index 2013, which was released by TransparencyInternational. Denmark and New Zealand tied for first place.

63. India has been ranked 23rd out of 25 countries in nuclear material security index. China has been ranked at 20th spot, whilePakistan stands at 22nd place.

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64. India ranked 155th in Global Environment Performance Index 65. India ranks at the bottom of the list of 25 countries in terms of its intellectual property (IP) environment . US ranked on the top

followed by UK and France . 66. Cumbria University of UK became the first public university to accept fees in digital currency, Bitcoin. A system for processing

the payments is already operational.67. Dhoom 3 has become Bollywoods highest revenue grosser of all times in just a fortnight after its panIndia release.68. Chile took its seat at the United Nations Security Council(UNSC) as a nonpermanent member of the international body till Dec

31, 2015.69. Nepal and India have agreed in principle to allow circulation of Rs.500 and Rs.1,000 denomination Indian bank notes within

Nepalese territory, ending a ban in place for over a decade.Note: The decision to scrap the 2010 deal was taken nearly a year after reports surfaced that two top officials of the companyhad allegedly paid bribes to bag the contract. Former IAF chief S P Tyagi is one of the accused in the case, which is being probedby CBI.

70. India cancels 3,600 crore rupee VVIP choppers deal with AngloItalian firm Agusta WestLand.71. Europe launched Gaia satellite, one of the most ambitious space missions in history.72. Alstom bagged 125 million euro contract from BHEL for Neyveli New Thermal Power Project. The contract is to supply

components and services for the 1000 MW Neyveli New Thermal Power Project (NNTPP) of Neyveli Lignite Corporation locatedin Tamil Nadu.Note: Alstom is a global leader in the world of power generation, powertransmission and rail infrastructure. It has set a benchmark forinnovative and environmentally friendly technologies.ii. Alstom builds the fastest train and the highest capacity automatedmetro in the world.

73. China built a new research station in Antarctica called Taishan . It wasChinas fourth research station in the southern pole.Note : Antarctica is the fifthlargest continent in area after Asia, Africa, North America, and South America.

74. China's first lunar rover named Jade Rabbit landed on Moon. The lunar rover has been named Jade Rabbit (called Yutu inChinese).

Note: In past three decades, China is the first country to do so. Earlier, Luna 24 Probe of Soviet Union was the last space missionto land on moon in August 1976

75. Chile is the worlds top copper exporter, and its fastgrowing economy, low unemployment and stable democracy are the envy ofLatin America.

New Appointment in India

1. R.M.Lodha: New Chief Justice of India. He is the 41st Chief Justice of India. He succeeds Justice P. Sathasivam. 2. Lt Gen Dalbir Singh Suhag: appointed new Army Chief. He succeed Gen Bikram Singh.3. R Gandhi appointed Deputy Governor of RBI. He replace Anand Sinha

4. Robin K

Dhowan:

appointed

New Navy Chief.5. Arup Raha new Air Chief Marshal. He succeeded NAK Browne.

6. Arvind Mayaram: appointed new Finance Secretary. He replace Sumit Bose7. Saurabh Chandra: new Oil Secretary.8. Rajiv Takru: appointed Revenue Secretary9. Sudhir Gupta: appointed new TRAI Secretary10. Rajeev Kher : appointed new Commerce Secretary. He replace S R Rao11. Ashok Lavasa: appointed Civil Aviation Secretary. He replace K N Srivastava. 12. Justice G. Rohini: become the first woman Chief Justice of the Delhi High Court.13. Ila Patnaik: appointed as Principal Economic Advisor14. Retired Air Chief N A K. Browne appointed new Indian envoy to Norway.15. Rahul Kulshreshth appointed new Indian envoy to Turkey16. Sunil Gavaskar: interim President of BCCI17. G. Gopalakrishna: joined as director of Centre for Advanced Financial Research and Learning (CAFRAL).

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18. Suresh Kumar Reddy appointed as the First ambassador to ASEAN 19. Ms. Lakshmi Swaminathan became the first Indian to become president of Administrative Tribunal of the Asian Development

Bank (ADB)20. Lalit Modi elected president of Rajasthan Cricket Association.21. Arundhati Bhattacharya: SBI's first woman Chairman

22. Akhilesh Gupta : elected as President of the Indian Meteorological Society23. Tom Albanese: New CEO of Mining conglomerate Vedanta Resources: 24. Soma Mondal appointed first Women director of National Aluminium Company Ltd (NALCO).25. Amitabh Kant, CEO and Managing Director of the Delhi Mumbai Industrial Corridor Development Corporation, take charge as

Secretary, Department of Industrial Policy and Promotion. 26. Thomas Mathew: New Chairman of MCX Stock Exchange27. D K Pathak: new Director General of the Border Security Force (BSF). 28. Sheila Dikshit: New Governor of Kerala. 29. Dinesh Sarraf : appointed as Chairman and Managing Director (CMD) of Oil and Natural Gas Corporation (ONGC). He

replaced Sudhir Vasudeva.30. Gautam Bambawale : new Indian ambassador to Bhutan31. Jude Felix : appointed coach of the National mens hockey team.32. Yaduvendra Mathur : appointed a s Chairman and Managing Director of ExportImport Bank of India (Exim Bank)33. Rakesh Maria: appointed as a new Police Commissioner of Mumbai. He replace Satyapal Singh.34. A L Banerjee. New DGP of UP (Uttar Pradesh): He succeeds Rizwan Ahmad.35. Aditi Khanna became first women President of Indian Journalist's Association36. Mukul Mudgal : appointed as the new chairperson of Broadcasting Content Complaints Council (BCCC)37. R.K.Tiwari: appointed as the new chairman of Central Board of Direct Taxes (CBDT). He succeed Chairperson Sudha Sharma.38. N. Srinivasan to be new Chairman of ICC from July 2014 onwards39. Poonam Khetrapal Singh : appointed as Regional Director of World Health Organisation (WHO) SouthEast Asia Region

Note : i. SEARO is one of the six regions of World Health and its headquarters is in New Delhi. ii. SERO has 11 countries namely India, Nepal, Bhutan, Bangladesh, Myanmar, Thailand, Indonesia, Sri Lanka, Maldives, TimorLeste and DPR Korea.

40. Justice Ashok Kumar Mathur: appointed Chairman of the 7th Pay Commission41. T. Nanda Kumar : new Chairman of the National Dairy Development Board (NDDB), replace Amrita Patel42. Akhilesh Das Gupta reelected president of the Badminton Association of India (BAI)43. P. Madhusudan : appointed Chairman and Managing Director (CMD) of Rashtriya Ispat Nigam Ltd (RINL)44. N Ramachandran : New President of Indian Olympic Association (IOA)45. Ratan Tata appointed member of Chinabacked Board of Boao Forum for Asia (BFA)46. Arvind Ranjan :appointed new Chief of Central Industrial Security Force (CISF)47. J N Choudhury : appointed new Chief of National Security Guard (NSG).48. Vinod Kumar Duggal: appointed as the Governor of Manipur. He replace Ashwani Kumar.49. Siddarth Birla: New President of FICCI (Federation of Indian Chambers of Commerce and Industry). He succeeded Naina Lal

Kidwai.50. Usha Sangwan appointed first woman managing director of Life Insurance Corporation of India (LIC)51. Sushma Singh New CIC (Chief Information Commissoner) . She is the second woman to become CIC after Deepak Sandhu.52. Harsh Bhanwala: New Nabard Chairman. Bhanwala succeeded Prakash Bakshi.53. Krish Iyer named CEO of Walmart India. He replace Ramnik Narsey.54. P.H. Parekh elected as the President of Supreme Court Bar Association.55. Devendra Kumar Pathak: appointed as the Special DG, Border Security Force (BSF) 56. Justice B.S. Chauhan, a Judge of the Supreme Court appointed as the Chairman of the Cauvery Water Disputes Tribunal. He

succeed Justice NP Singh.57. Harish Rawat: New Chief Minister of Uttarakhand

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New Appointment in World

1. Maj. Gen. Kristin Lund appointed first woman to lead UN force .She replace Chinese Maj. Gen. Chao Liu.

2. New interim PM of Thailand: Niwatthamrong Boonsongpaisan .Note: Ms. Yingluck shinawatra and nine Cabinet members wereforced to step down by the Constitutional Court, which found herguilty of abuse of power.

3. New PM of Libya : Ahmed Maiteeg 4. New President of Panama: Juan Carlos 5. New Nokia CEO & President: Rajeev Suri 6. New President of Algeria: Abdelaziz Bouteflika 7. New reelected PM of Hungary: Viktor Orban

8. New Prime Minister Of France: Manuel

Valls 9. New President of Malta: Marie Lousie Coleiro Preca

10. PM of Malta: Joseph Muscat 11. New Prime Minister of Egypt: Ibrahim Mahlab: . Ibrahim Mahlab

replace Hazem elBeblawi .12. New President of Chile: Michelle Bachelet 13. New CEO of Ford: Mark Fields . He succeed Alan Mulally14. New Italy's youngest PM: Matteo Renzi. He is the 39yearold leader

of the Centre Left Democratic Party ,15. New Prime minister of Ukraine: Arseniy Yatsenyuk 16. Interim President of Ukraine: Oleksandr Turchynov 17. New PM of Nepal: Sushil Koirala . He replaced KhilRaj Regmi.18. New Chairman of Microsoft : John Thompson . He succeeded Bill

Gates 19. New CEO of Microsoft : Satya Nadella . He replaced Steve Ballmer

and he takes over as the third CEO of the Microsoft firm.20. Marco Lambertini appointed as directorgeneral of WWF (World Wide Fund for Nature) International21. New Secretary General of North Atlantic Treaty Organisation (NATO): Jens Stoltenberg. He replace the incumbent Secretary

General Anders Fogh Rasmussen.22. New PM of Bangladesh: Sheikh Hasina She belongs to Awami League party.

23. New chairman of the Federal Reserve: Janet Yellen. She succeeds Chairman Ben Bernanke.Janet Yellen, the first woman to chair the Federal Reserve in its 100year history. Federal Reserve is the name of the Central

Bank of US.24. New Pakistani envoy to India: Abdul Basit. He replace Salman Bashir.25. New Foreign Secretary of Pakistan: Aizaz Chaudhry 26. New Pakistani Ambassador to US: Jalil Abbas Jilani 27. First Secretary General of BIMSTEC : Sumith Nakandala 28. Shahnaz Shaikh: appointed Pakistan Coach of National Hockey team. 29. Teresa Kho is ADB's new Country Director for India. She replaces Hun Kim 30. Angela Merkel: begins third innings as German chancellor. 31. Abdiweli Sheikh Ahmed: New Prime Minister of Somalia. ( Mogadishu is the Capital Somalia).32. Ashraf Jehan: First female judge in Paks National Sharia Court

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Summits

G 20 Summit:

G20 meeting (2014) of Finance ministers and central bank governors held in Sydney (Australia). G20 Leaders Summit (2014) will be held in Brisbane, Queensland (Australia, in November 2014.

NATO Summit NATO Summit 2014 will be held in Britain . (Britain last hosted the summit in 1990, when Margret Thatcher was Prime Minister).

G 8 Summit: 39 th Summit 2013: United Kingdom. (Northern Ireland)Note: The 40th G8 summit was due to be held in Russia in 2014. The meeting was planned for 45 June 2014 at the Black Sea resortof Sochi. However, the other seven countries decided on 24 March that a summit would be held without Russia,in Brussels, Belgium.G7 countries refuse to attend planned G8 summit in Russia.

G8 Countries : Canada, France, Germany, Italy, Japan, Russia, Britain and the US

SAARC Summit: 3rd SAARC ministerial meet on poverty alleviation 2013 Kathmandu (Nepal)18th SAARC Summit 2013 Kathmandu (proposed)

Nuclear security summit 2 nd Summit 2012 Seoul (South Korea),3 rd Summit 2014(Next) : Netherland4 th Summit 2016: United States

BIMSTEC Summit 3rd BIMSTEC summit 2014: Nay Pyi Taw (Myanmar)4 th BIMSTEC summit will be held in Nepal . Note : BIMSTEC (Bay of Bangal Initiative for Multisectoral Technical and Economic Cooperation)BIMSTEC includes 7 countries : Bangladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan and Nepal and aims to createcooperation in multiple sectors including trade, investment and energy.

NAM Summit: 16 th Summit 2013: Tehran, Iran17 th Summit2015 Caracas (Venezuela)Note: Two nations, namely Azerbaijan Republic and Fiji, were accepted as the new members of the organization.New Member 1. United Nation South Sudan new member country . Total 193 members2. WTO Tajikistan new member country. Total 159 members.3. World Bank & IMF South Sudan new member country. Total 188 members4. European Union Croatia new member country. Total 28

1. World Economic Forum 2014: held in Abuja (Nigeria) . Bharti Enterprises founder and Chairman Sunil Bharti Mittal co chair thisyears edition of the World Economic Forum on Africa.

2. India, Sri Lanka and Maldives held National Security Advisorlevel meeting on maritime security cooperation in New Delhi.3. World Telecommunications Development Conference held in Dubai.4. The Green Economy Summit held in Dubai.5. Arab Summit 2014: Kuwait host the Arab summit for the first time6. International Petroleum Conference 2014 (PETROTECH2014) held in New Delhi from 12th 15th January 2014.

7. The 9th WTO Ministerial Conference was concluded on 6 December 2013 at Bali, Indonesia.8. 12 th Pravasi Bharatiya Divas 2014 held in New Delhi. This year's theme is "Engaging Diaspora: Connecting Across Generations"

Datuk Seri G Palanival is the Chief Guest of 12 th Pravasi Bharatiya Divas

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9. The 8th Asia Gas Partnership Summit (AGPS) was held at New Delhi, India. The 8th AGPS was organized by GAIL (India) Limitedand Federation of Indian Chambers of Commerce and Industry (FICCI).

Points To Remember:

MOUsDeal between India & Other Countries

1. India has committed 8.5 billion rupees to Bhutan for Small Development Project for the countrys the 11th Five Year Plan.2. Iran and Japan signed a Memorandum of Understanding (MoU) for bilateral cooperation on environmental issues in Tokyo.3. India, Azerbaijan: to explore opportunities in energy sector4. India and Canada have signed three MoUs for cooperation in health sector, audiovisual coproduction and skill development.5. India, Poland agree to form Joint Working Group for cooperation in films sector. 6. India and Fiji have signed a Double Taxation Avoidance Agreement, DTAA for the avoidance of double taxation and for the

prevention of fiscal evasion with respect to taxes on income.7. India and Saudi Arabia have decided to enhance their bilateral trade and economic cooperation over next 5 years.8. India and Bhutan have signed an agreement on development of hydropower projects. 9. India and Germany could sign an agreement for 1 billion for Greenfield projects 10. India and Pakistan signed MoU on electricity trade: India has expressed its intent to export electricity to the tune of 500 MW

to Pakistan immediately if infrastructure for transmission of power is made available. 11. India and Maldives ink several pacts and have agreed to

jointly patrol and conduct surveillance to strengthen maritime security in the Indian Ocean Region.

12. India has signed a Rs 4,000crore deal with the US forprocuring six more C130J Super Hercules Special Operationsaircraft for the Indian Air Force.

13. Election Commission signs MoU with Yemen . India has offered its expertise to Yemen in election management and electoralroll preparations.

14. India and Macedonia have signed a new double taxation avoidance agreement (DTAA) that provides for among other thingsexchange of banking information for tax administration purposes.As per the new agreement, dividend, interest and royalty will be taxed in the source country and the rate of taxation will notexceed 10 percent.

Scheme & Plan Launched by Union & State Government:

1. Mahatma Gandhi Pravasi Suraksha Yojana (MGPSY) was launched in the UAE. A leading Indian financial and health care serviceplayer has tied up with the UAE Exchange to offer Mahatma Gandhi Pravasi Suraksha Yojana Scheme in the Gulf country. About Mahatma Gandhi Pravasi Suraksha Yojana (MGPSY)

i. Mahatma Gandhi Pravasi Suraksha Yojana (MGPSY) Scheme is a pension and life insurance scheme and is recognised by theIndian government.ii . Mahatma Gandhi Pravasi Suraksha Yojana (MGPSY) is a special social security scheme for overseas Indian workers ontemporary work permit in 17 Emigration Check Required (ECR) countries.

2. Govt. launch Maulana Azad Sehat Scheme' scheme for minority students. Under this scheme, students in the age group of 514years will be provided with a health card which will entitle them to free checkups twice a year at the place where they arestudying.

3. North Delhi Municipal Corporation (NDMC) launched a new health scheme Stri Swasthya Suraksha Yojna for women on 6 March2014.

4. Uttar Pradesh government launched Samajwadi pension scheme on 28 January 2014. The scheme will benefit over 40 lakhfamilies. Under the scheme pension from 500 rupees to 700 rupees will be given to beneficiaries.

5. Tamil Nadu launches free CFL bulb scheme: Under the scheme state Govt will provide free compact fluorescent light bulbs toover 14 lakh hutdwellers in the State, an energy saving measure aimed at saving 40 MW of power.

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6. Centre launches einclusion project to spread eliteracy. The project is an initiative to make at least one individual in everyhousehold eliterate, under the project, economically weaker sections of the society including rural SC, ST and women willreceive IT training.

7. Project Uddan: The project, an initiative of the Prime Minister, the National Skills Development Corporation and the Ministry ofHome Affairs and industry, was started with the aim of providing skills to 40,000 youth over a period of five years.

8. The Cabinet Committee on Economic Affairs (CCEA) approved implementation of various schemes related to agriculture,including continuation of Rashtriya Krishi Vikas Yojana (RKVY), in the 12th Plan with a combined outlay of over Rs 80,000 crore.Note: The RKVY is a State plan scheme that provides 'considerable flexibility' and autonomy to states in planning and executingprogrammes for incentivising investment in agriculture and allied sectors.

9. Rani Laxmi Bai Pension Scheme : 'special pension' to Muzaffarnagar riot victims by U.P. Govt. The pension, which would beanywhere between Rs 400 and Rs 500 , would be given under this scheme.

10. Bhagat Puran Singh Sehat Beema Yojna (BPSSBY ) Health care scheme for BPL families launched in Punjab 11. 'Roshini' Scheme : Centre launched skill development and job placement scheme 'Roshini' for rural youth and women in maoist

affected 24 districts in 9 states.12. Rajiv Gandhi Jeevandayee Arogya Yojana (health insurance scheme) was launched in Maharashtra .13. The Vikram Udyogpuri (DelhiMumbai Industrial Corridor) project launched in Madhya Pradesh. 14. Golden Girl (Bangaru Talli) Scheme: A unique scheme, launched in Andhra Pradesh, to protect girl child and ensure her

education.15. Anna Bhagya programme launched in Karnataka . The programme entitles distribution of 30 kg rice at one rupee per Kg toover 98 lakh BPL and Antyodaya card holders in the state.

Awards & Honours

1. Goldman Prize for environmental activist Ramesh Agrawal. He received the prize for helping villagers fight coal mining inChhattisgarh.

2. Caparo Group founded by leading NRI industrialist Lord Swraj Paul has won the International Busi ness of the Year award 20143. Golden Peacock Awards 2014 : Technopark Technology Business Incubator (TTBI) was chosen for the Special Commendation

at the Golden Peacock National Training Awards 2014. 4. Bharat Ratna Award: Sachin Tendulkar and CN Rao conferred Bharat Ratna Award 2013.Note: Tendulkar is the first sportsman and the youngest recipient of the the Bharat Ratnaii. Prof Rao is a well recognized international authority on solid state and materials chemistry is the third scientist to receivedaward after CV Raman and former President A.P.J Abdul Kalam.iii. The Bharat Ratna was announced after a gap of four years with Hindustani music doyen Bhimsen Joshi being the last recipient in 2009.

5. Dadasaheb Phalke Award 2013: Veteran poet and film lyricist Gulzar has been chosen for the coveted Dadasaheb PhalkeAward for 2013. He is the 45th winner of the Dadasaheb Phalke Award.

6. Pulitzer Prize 2014: Indiaborn poet Vijay Seshadri has won the prestigious 2014 Pulitzer Prize in the poetry category for hiswork '3 Sections'.

7. Donna Tartt wins fiction Pulitzer Prize 2014 for novel 'Goldfinch' 8. Miss India 2014: Koyal Rana new Miss India.9. Gandhi Peace Prize for 2013: Eminent Gandhian and environmentalist Chandi Prasad Bhat selected for the award.

Note: A pioneer of the Chipko Movement for which he was also awarded the Magsaysay Award in 1982, Mr. Bhatt was given thePadma Bhushan by UPAI in 2005.

10. Saraswati Samman 2013 : Govind Mishra selected for for his book Dhool Paudho Par. 11. Pritzker Prize 2014: Japanese architect Shigeru Ban won the Pritzker Architecture Prize 2014. He won the award for his

creative and inexpensive designs for disaster relief shelters . 12. Abel Prize 2014 : Russian mathematician Yakov Grigorevich Sinai won the award.13. Laxmi , an acid attack victim gets International Women of Courage Award (US honour).14. Vyas Samman 2013: Vishwanath Tripathi been selected for the prestigious Vyas Samman for the year 2013.

Note : Tripathi has been chosen for the coveted annual literary award instituted in 1991 by the K K Birla Foundation for his

memoir 'Vyomkesh Darvesh' , a biolgraphy of noted Hindi scholar Acharya Hazari Prasad Dwivedi. 15. G D Birla Award 2013: Rajesh Gopakumar was selected for the 23rd G D Birla Award for scientific research for the year 2013.16. M S Subbulakshmi Award 2014 : Mathangi Sathyamurthy, Karnataka musician was selected for the award.

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17. Britain's highest awards: Ratan Tata, former chairman of the Tata Group honoured by Queen Elizabeth with a GBE (KnightGrand Cross), which is one of the highest civilian honours in Britain.

18. Narayana Murthy awarded with Global Indian Award in Canada.19. Luis Suarez named as Professional Footballers' Association Player of the Year.20. Jeev Milkha Singh nominated for Asian Tours Player of the Decade

award21. MS Dhoni won United Kingdoms 2014 Asian award for outstanding

achievement in Sports.22. Shikhar Dhawan named one of Wisden's Five Cricketers of the Year

award.23. Sachin Tendulkar won Cricketer of generation award 24. Tomas Halik, the Czech priest won the Templeton Prize for 2014. 25. India and Singapore won the 2014 edition of the UNWater Water for

Life Best Practices Award for their sustainable practices of waterresources.

26. Hindustan Aeronautics Ltd (HAL) received the Most EfficientNavratna Award for the year 2013.

27. Megastar Amitabh Bachchan was conferred India's Global Icon of theYear award

28. Indianorigin Gopal Rao won UK Twitter Prize.29. Turkish investigative journalist Ahmet Sik won 2014 UNESCO

Guillermo Cano World Press Freedom Prize.30. Anand Kumar , the founder of Super30 got 2014 Ramanujan

Mathematics award31. Indian Writer Pankaj Mishra won Windham Campbell Literature Prize

201432. President Paul Kagame of Rwanda, President Park Geun hye of South

Korea and Mexican billionnaire Carlos Slim won the World

Telecommunication and Information Society (WTIS) Award 2014. 33. President Pranab Mukherjee got the Rotary's highest award for his

leadership in the country's victory over polio.34. Arogya Swami Joseph Paulraj has been awarded the prestigious 2014

Marconi Society Prize. Paulraj is the only Indiaborn scientist to receive both the Marconi Prize and the Bell Medal, two topglobal IT technology awards.

35. Madan Babu, an Indianborn scientist, won the Protein Science Young Investigator Award for 201436. Australian pacer Mitchell Johnson won the coveted Allan Border medal.37. Abhishikta S Shetty of Karnataka won Miss South India Pageant Title38. Cyrus Mistry wins DSC Prize 2014 for South Asian literature for his book Chronicles of a Corpse Bearer. 39. Taiwanese poet Yushi was awarded the Thiruvalluvar award by the Tamil Nadu government in Chennai. Yushi is the first foreign

scholar to receive Thiruvalluvar award.40. Germany goalkeeper Nadine Angerer has been named the best women's football player in the world for 2013. 41. FIFA named Portuguese attacker Cristiano Ronaldo world's best soccer player for the 2012/2013 season.42. Sunil Gangopadhyay Memorial Award of 2012 and 2013: two eminent Bengali poets, namely Nirendranath Chakraborty

and Sankha Ghosh, respectively. 43. 12 Years a Slave' wins Golden Globe for best dramatic film. 12 Years a Slave,' directed by British filmmaker Steve McQuee 44. 'American Hustle' won the Golden Globe award for the best comedy or musical film. 'American Hustle,' directed by David O

Russell and starring Christian Bale 45. Leonardo DiCaprio has won the Golden Globe for best actor in a comedy or musical for 'The Wolf of Wall Street.46. Irrfan Khan won the best actor award for his brilliant performance in his film The Lunchbox at the 10th edition of Dubai

International Film Festival (DIFF).47. C.K. Nayudu award: Former India captain Kapil Dev received the Col. C.K. Nayudu Lifetime Achievement Award for 2013.48. The Union Ministry of Power has selected the Poovar Island Resort for the National Energy Conservation Award 2013 49. Sahitya Akademi Awards 2013 :Javed Akhtar has been chosen for "Lava", his compilation of 55 Urdu poems.

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50. Eminent historian Bipan Chandra : was awarded Itihas Ratna from Asiatic Society Bihar. Bipan Chandra is the fourth historianto be honoured with the Itihas Ratna by the society.Note: i. The Rise and Growth of Economic Nationalism, is one of his known and one of the earliest book.ii. He has been a Chairperson of the centre for historical studies at Jawaharlal Nehru University in New Delhi.

51. Rajiv Gandhi International Airport of Hyderabad received Sword of Honour award.Note: i. Rajiv Gandhi International Airport Ltd is operated by GMR Hyderabad International Airport Ltd (GHIAL) and it is firstairport in India to receive this award.ii. The Sword of Honour is considered to be Oscar of the Safety World

52. Lingaiah Nagarapu , Principal Scientist at the CSIRIndian Institute of Chemical Technology has been honoured with the bestscientist award of ScienceTech Foundation (STF)

Padma Awards 2014:

Padma Vibhushan 1. Dr Raghunath A Mashelkar: Science and Engineering, Maharashtra2 . B K S Iyengar: Yoga, Maharashtra

Padma Bhushan Gulam Mohammed Sheikh, ArtPainting, GujaratBegum Parveen Sultana, ArtClassical Singing, MaharashtraT.H. Vinayakram, ArtGhatam Artist, Tamil NaduKamal Haasan , ArtCinema, Tamil NaduJustice Dalveer Bhandari, Public Affairs, DelhiRuskin Bond, Literature and Education, UttarakhandPullela Gopichand, SportsBadminton, Andhra PradeshLeander Paes, SportsTennis, MaharashtraProf Lloyd I Rudolph, Literature and Education, USA

Padma Shri

Mohammad Ali Baig, ArtTheatre, Andhra PradeshNayana Apte Joshi, Art, MaharashtraVidya Balan , ArtCinema, MaharashtraAnjum Chopra, SportsCricket, DelhiSunil Dabas, SportsKabbadi, HaryanaLove Raj Singh Dharmshaktu, SportsMountaineering, DelhiDipika Rebecca Pallikal, SportsSquash, Tamil NaduH Boniface Prabhu, SportsWheelchair Tennis, KarnatakaYuvraj Singh, Sports Cricket, HaryanaMamta Sodha SportsMountaineering, Haryana

Oscar Award 2014: Best Film 12 Years a Slave Directed by Steve McQueen

Best Actor Matthew McConaughey for: Dallas Buyers ClubBest Actress Cate Blanchett for: Blue Jasmine Best Director Alfonso Cuarn for Gravity Best Actor in a Supporting Role Jared Leto for: Dallas Buyers ClubBest Actress in a Supporting Role Lupita Nyong'o for 12 Years a SlaveBest Foreign Language Film The Great Beauty (Italy)

Note: "Gravity" pulled in 7 Oscars, including best director, at the 86th Academy Awards on March 2, 2014.

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61st National Film Awards: Best Film: 'Ship of Theseus' Director Anand Gandhi Best Actor: Rajkumar Rao for ' Shahid ' and Suraj Venjaramudu and Venajaramoodu for Malayalam movie ' Perariyathavar 'Best Actress: Geetanjali Thapa for Liars DiceBest Director Award: Pranjal Dua for 'Chidiya Ud' (Hindi)Best Popular Film providing Wholesome Entertainment: 'Bhaag Milkha Bhaag'Best Film on Social Issues: 'Tojia Dharm Kauncha'Best Non Feature Film: 'Rangbhoomi'Best Supporting Actor: Saurabh Shukla, 'Jolly LLB'Note: 'Cinema Ka Cinema' got the Best Book on Cinema , while the Best Film Critic award went to Alka SahaniaDirector of Film ' Shahid ' Hansal MehtaDirector of Film 'Jolly LLB' Subhash KapoorDirector of Film Liars Dice Geetu Mohandas

The IIFA 2014 Awards Winners List

Best Actor (Male): Farhan Akhtar for Bhaag Milka Bhaag Best Actress (Female): Deepika Padukone for Chennai Express Lifetime Achievement Award 2014: Shatrughan Sinha Best Entertainer of the Year: Deepika PadukoneBest Film: Bhaag Milka Bhaag Best Director: Rakeysh Om Mehra for Bhaag Milkha Bhaag .Best Debutant Award map: Dhanush for Raanjhanaa Best Story Award: Prashoon Joshi for Bhaag Milkha Bhaag Best Lyric Writer: Mithoon for Tum Hi Ho from Aashiqui 2 Best Male Playback Singer Award: Arijit Singh for Tum Hi Hofrom Aashiqui 2

Best Female Playback Singer Award: Shreya Goshal for Sun Raha Hai NaTu from Aashiqui 2

John Travolta honoured the Most Popular All Time International Star inIndia at IIFA awards

59 th Filmfare Awards 2014: 1 . Best Actress: Deepika Padukone Goliyon Ki Rasleela RamLeela2. Best Actor: Farhan Akhtar Bhaag Milkha Bhaag3. Best Film : Bhaag Milkha Bhaag4. Best Director: Rakeysh Omprakash Mehra Bhaag Milkha Bhaag5 . Best Lyrics: Prasoon Joshi Zinda (Bhaag Milkha Bhaag)6 . Best Debut (Director): Ritesh Batra The Lunchbox7. Best Debut (Male): Dhanush Raanjhanaa8. Best Debut (Female): Vaani Kapoor Shuddh Desi Romance9 . Best Story: Subhash Kapoor Jolly LLB10 . Best Actor in a Supporting Role: Nawazuddin Siddiqui The Lunchbox11. Best Actress in a Suporting Role: Supriya Pathak RamLeela12. Lifetime Achievement Award : Tanuja

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Person in News:

1. Dr. Manmohan Singh resigns. as Prime Minister of India.2. Nitish Kumar resigns as Bihar CM 3. Lakhdar Brahimi: UN Envoy on Syria resigned

4. Alenka Bratusek Slovenias Prime Minister resigned.5. Dilip Shanghvi named among Asias richest selfmade billionaires.6. Manoj Vaish, Managing Director & CEO of Multi Commodity Exchange of India Ltd (MCX), resigned.7. P Elango interim CEO & Whole time Director, quit from Cairn India.8. Aamir Khan Election Commissions National Icon for Lok Sabha Elections 20149. Arjun Kapoor Named National Ambassador for Earth Hour 201410. Vivek Gundotra, chief of Googles social networking venture Google+ resigned.11. Nancy Powell resigned as the US Ambassador to India12. Prime Minister of Kazakhstan Serik Akhmetov has resigned13. South Korea's Prime Minister Chung Hong Won give resign over the sinking of a passenger ferry that left more than 300 people

dead or missing.14. Justice KT Thomas quits as head of Lokpal search committee

15. Hazem ElBeblawi : Egyptian PM resigns.16. Archana Bhargava: Chairman and Managing Director of the United Bank of India, has resigned.17. Zaka Ashraf : Prime Minister Nawaz Sharif sacked Zaka Ashraf as the Chairman of the PCB18. SubInspector K Prasad Babu was honoured posthumous Ashok Chakra for an antiNaxal operation .19. Jamila Bayaz , first women to be appointed police chief of Kabul province. She is the first woman in Afghanistan to be appointed

Hammonds. 26. Parveen Amanullah: Bihar First Woman Muslim Minister Resigns27. Teesta Setalvad , accused for misusing foreign funds meant for helping the victims of the 2002 Gulbarg society massacre.28. Michael Ferreira: Billiards champion was accused in 425crore rupees scam in multi level marketing firm QNet.29. Justice A.K. Ganguly : West Bengal Human Rights Commission chairman Justice A.K. Ganguly resigned from the post of honorary

professor of the National University of Juridical Sciences 30. V Balakrishnan: Former Infosys CFO joins AAP31. Hardeep Singh Puri : who retired as Indias Permanent Representative to the United Nations, today joined BJP.32. Chandra Kant Birla Chairman of Hindustan Motors Limited resigned from the board.33. Michael Schumacher, is in a coma and remains in a "critical" condition after striking his head in a ski accident34. Devyani Khobragade: Khobragade, India's deputy consul general in New York, was accused by Manhattan's Indian American

US Attorney Preet Bharara of visa fraud and exploiting her babysitter and housekeeper. 35. Shashi Tharoor PETA's 'person of the year' by animal rights campaigner PETA (People for the Ethical Treatment of Animals) for

initiating steps for animal protection.36. Shoma Chaudhury, managing editor of Tehelka, announced her resignation from the Tehelka, an investigative magazine.37. Tarun Tejpal: Tehelka editorinchief was arrested on charges of sexually assaulting a young colleague.38. Mathew Martoma : Indianorigin hedge fund portfolio manager Mathew Martoma convicted for his role in the $275 million

insider trading scheme, the most lucrative in U.S. history.

as police chief of an entire district.20. Enrico Letta : Italy Prime Minister resigned.21. Arvind Kejriwal: resign from the post of Chief Minister of Delhi.22. Pope Francis was named as the Person of the Year 2013 by Time Magazine.23. Wipro Chairman Azim Premji won the Economic Times Lifetime Achievement Award 2013 for his role in creating India's third

largest software exporter.24. Ali Larayedh: Prime Minister of Tunisia resigned25. Indianorigin academician Rakesh Khurana has been appointed dean of the prestigious Harvard College. He succeeds Evelynn

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Books & Their Authors

1. Book My Years with Rajiv and Sonia written by R.D.Pradhan 2. Book ModiNomics: Inclusive Economics, Inclusive Governance: authored by Sameer Kochhar.

Some other books of Sameer Kochhar:1. Growth & Finance2. Speeding Financial Inclusion.3. Policymaking for Indian Planning4. Building from the Bottom: Infrastructure and Poverty Alleviation

3. Book: Crusader or Conspirator ? Coalgate and other Truths authored by PC Parakh 4. Book: The Accidental Prime Minister : The Making and Unmaking of Manmohan Singh authored by Dr. Sanjaya Baru 5. Book: Lal Bahadur Shastri: Lessons in Leadership written by Pavan Choudary .6. Book: Rationalised Roman for Kashmiri written by Dr. R L Bhat 7. Book: Narendra Modi: A Political Biography written by Andy Marino. 8. Book: Public Issues Before Parliament written by Vijay Darda 9. Book: The Political Economy of Energy and Growth authored by Sh.

Najeeb Jung

10. Book: India at Risk: authored by Jaswant Singh. 11. Book ModiNomics: Inclusive Economics, Inclusive Governance: authored by Sameer Kochhar.12. Book: Water, Peace and War Confronting the Global Water Crisis written by Brahma Chellaney.13. Hard Choices authored by Hillary Rodham Clinton14. Book: Greater than Bradman: celebrating Sachin, the greatest batsman in Test history authored by : Rudolph Lambert

Fernandez, a Chennaibased author.

Some books authored by RBI Governor: Raghuram Rajan Aid and Growth Fault Lines India's Pattern of Development The Real Effect of Banking Crises Controlled Capital Account Liberalization Saving Capitalism from the Capitalists

LEADERS VISITED INIDIA

1. Omans Foreign Minister Yousuf bin Alawi bin Abdullah visited India.2. King of Bahrain Hamad bin Isa Al Khalifa visited India on February 1820, 2014.3. President of Zanzibar, Dr. Ali Mohamed Shein visited India from 1 to 9 February 2014. Zanzibar is a semiautonomous part of

Tanzania, in East Africa.4. German President Joachim Guack visited India on 4 th Feb 20145. French First Lady Valerie Trierweiler visited Inida on 25 th Jan 2014.6. King of Bhutan, Jigme Khesar Namgyel Wangchuck and Queen Jetsun Pema Wangchuck visited India7. South Korean President Park Geunhye visited India.

15. Book: Unbreakable An Autobiography by Mary Kom16. The Luminaries by: Eleanor Catton. She won the Man Booker Prize 2013.17. Walking With Giants: authored by former Finance Secretary G. Ramachandran.18. "I am Malal : authored by Christina Lamb.19. Momentous Times on the 175 years of Times of India. The book is an effort of the Times of India Group.

20. "Victory India A Key to Quality Military Leadership" authored by Colonel Vinay B Dalvi (Retd)21. The Da Vinci Code: Dan Brown

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OBITUARY

1. Russy Mody: Management guru Russy Mody who was known for his man management while he headed Tata Steel and was awardedPadma Bushan died

2. Capt. C. P. Krishnan Nair , Founder Chairman of The Leela Palaces, Hotels and Resorts, passed away3. N Janardhan Reddy : Former Andhra Pradesh Chief Minister died.4. Elena Baltacha : Extennis player dies of cancer5. Khaled Chowdhury : Noted theatre personality died6. Bob Hoskins: British actor dies 7. Tito Vilanova , Former Barcelona coach Vilanova dies.8. Pulitzer Prize winning journalist Anja Niedringhaus shot dead in Afghanistan.9. Khushwant Singh: Famous writer and journalist passed away10. Former President of Guinea Kumba Yala died11. Nanda: Veteran Bollywood actress passes away.12. DK Jain : Luxor Group Chairman passes away13. Gabriel Garcia Marquez, the Nobel laureate whose intoxicating novels and short stories exposed millions outside Latin America

passes away.

14. Former Sierra Leone President, Ahmad Tejan Kabbah died15. British socialist stalwart Tony Benn dies16. Noted economist and academician G.K. Chadha passed away17. P Ramdas : Malayalam director passes away18. K. Suryanarayana Raja , former international basketball

player passed away.19. Joe McGinniss , author of Fatal Vision died20. William Clay Ford passes away21. Jagat Singh Mehta : Former Foreign Secretary died22. J.S. Sarma : Former TRAI Chairman passes away23. Hanumath Shastry, the eminent Telugu litterateur died

24. Bangaru Laxman

: Former BJP president dies.25. Legendary Guitarist: Paco de Lucia passed away

26. Prokash Karmakar: Eminent painter died27. Balu Mahendra : Veteran filmmaker passed away.28. Karl Slym: MD of Tata Motors died after falling from hotel building in Bangkok29. Sudhir Mahato: the former Deputy Chief Minister of Jharkhand died30. Akkineni Nageswara Rao: Padma Vibhushan and Dada Saheb Phalke awardee passed away. ANR is fondly called the Tragedy

King of Telugu cinema.31. Suchitra Sen: Legendary Bengali actor passed away 32. Namdeo Dhasal Renowned Marathi poet and activist passed away33. Syedna Mohammed Burhanuddi: The spiritual leader of the Dawoodi Bohra community passed away 34. Silverine Swer, Meghalaya's first Padma Shri Awardee died35. Adhip Chaudhuri, an international economist who taught at Georgetown University, died in Vienna,36. Ariel Sharon: Former Israeli Prime Minister Dies 37. IIa Pathak social activist died38. Vishwanath Bondre: Former Mumbai Ranji Trophy cricketer died 39. Farooq Sheikh: veteran Hindi actor died40. Mikhail Kalashnikov : the designer of fabled AK47 automatic rifle, died in Russia. AK47's name stands for "Kalashnikov's

Automatic" and the year it was designed, 1947.41. Ishrat Ali Siddiqui: Freedom fighter, veteran Journalist and Padm Shree awardee died42. Anjali Devi: Veteran South Indian film actress died43. Michiaki Takahashi: developed Chickenpox vaccine died in Japan.44. Pran Chopra : Veteran journalist died

45. G.S. Shivarudrappa: Distinguished Kannada poet, writer and researcher G.S. Shivarudrappa (87) passed away. The writer, wasawarded with the title of Rashtrakavi by the Government of Karnataka in 2006.

46. Sis Ram Ola dead Union Labour and Employment Minister Sis Ram Ola died at a Gurgaon hospital after a prolonged illness.

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47. Joan Fontaine : Oscarwinning actor has died at the age of 9648. Babul Phukan: Former footballer died in Guwahati49. Nelson Mandela , the antiapartheid revolutionary of South Africa died50. Sandeep Acharya : Indian Idol winner passes away.51. Ronnie Biggs: known for his role in the

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