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Transcript of BestGuru e Magazine May 2014
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Abbreviations
Awards
BooksandAuthorsinNews
Persons
in
News
PlacesinNews
ImportantDaysCelebrated
Sports
DefenseUpdates
Snippets
BankingandEconomicNews
by
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Rajesh Goyal
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Links for Latest Updates
Test Papers Current Affairs May 2014 (Part 1) Test Papers Current Affairs May 2014 (Part 2)
Latest Who's Who of India List of Cabinet and State Ministers(as on 27th May 2014)
Important Heads of International Organizations(Latest) Important Heads of National Organizations (Latest)
Financial Awareness Exercise No. 001 on Current Policy
Rates
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Financial Awareness Exercise No. 002 on Whos Who ofFinancial Sector
http://www.bestguru.com/test-papers-current-affairs-may-2014-part-1/http://www.bestguru.com/test-papers-current-affairs-may-2014-part-2/http://www.bestguru.com/latest-whos-india/http://www.bestguru.com/list-cabinet-state-ministers/http://www.bestguru.com/important-heads-international-organizations/http://www.bestguru.com/important-heads-national-organizations-2/http://www.bestguru.com/latest-policy-rates/http://www.bestguru.com/latest-policy-rates/http://www.bestguru.com/latest-whos-who-quiz/http://www.bestguru.com/latest-whos-who-quiz/http://www.bestguru.com/latest-whos-who-quiz/http://www.bestguru.com/latest-whos-who-quiz/http://www.bestguru.com/latest-policy-rates/http://www.bestguru.com/latest-policy-rates/http://www.bestguru.com/important-heads-national-organizations-2/http://www.bestguru.com/important-heads-national-organizations-2/http://www.bestguru.com/important-heads-international-organizations/http://www.bestguru.com/list-cabinet-state-ministers/http://www.bestguru.com/latest-whos-india/http://www.bestguru.com/test-papers-current-affairs-may-2014-part-2/http://www.bestguru.com/test-papers-current-affairs-may-2014-part-1/ -
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Abbreviations
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Abbreviation
FullForm
of
Abbreviation
AAA AmericanAssociationofAnatomists
AAPI AsianAmericanandPacificIslanders
ACM AssociationforComputingMachinery
ASBA ApplicationSupportedbyBlockedAmounts
ASEAN AssociationofSoutheastAsianNations
BBPS
BharatBill
Payment
Services
BHAVINI BhartiyaNabhikiyaVidyutNigamLimited
BRICS Brazil,Russia,India,China,SouthAfrica
BTIA BoardbasedTradeandInvestmentAgreement
BVR BeyondVisualRange
BWA BroadbandWirelessAccess
CASA CurrentAccounts&SavingAccounts
CICA ConfrenceonInteractionandConfidenceBuildingMeasuresinAsia
CPIL CentralforPublicInternetLitigation
DGAD DirectorateGeneralofAntidumpingandAlliedDuties
DGCEI DirectorateGeneralofCentralExciseIntelligence
DSPEA DelhiSpecialPoliceEstablishmentAct
DTA DoubleTaxationAgreement
EEC ExclusiveEconomicZone
ETIM EastTurkestanIslamicMovement
FCCB ForeignCurrencyConvertibleBonds
FIA FederationofIndianAirlines
FII ForeignInstitutionalInvestors
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FPI ForeignPortfolioInvestors
FTIL FinancialTechnologiesIndiaLimited
GDR GlobalDepositoryReceipt
GIRO
General
Interbank
Recurring
Order
IARC InternationalAgencyforResearchonCancer
IBMA IndianBullion,MarketsAssociation
IBSA India,Brazil,SouthAfrica
ICSI InstituteofCompaniesSecretariesofIndia
IIA
Indian
Institute
of
Astrophysics
IIFA InternationalIndianFilmAcademy
IISER IndianInstituteofScienceEducationandResearch
IUCN InternationalUnionforConservationofNature
MERS MiddleeastRespiratorySyndrome
MGPSY MahatmaGandhiPravasiSurakshaYojana
NIAID NationalInstituteofAllergyandInfectiousDiseases
NPCI NationalPaymentsCorporationofIndia
NPCI
NationalPayments
Corporation
of
India
OECD Organisationfor EconomicCooperationandDevelopment
PCA PreventionofCorruptionAct
PHEIC PublicHealthEmergencyofInternationalConcern
PPO PensionPaymentOrder
SAARC SouthAsianAssociationforRegionalCooperation
SACU SouthAfricaCustomsUnion
SIAM SocietyofIndianAutomobileManufacturers
SIMBE SingaporeIndianMaritimeBilateralExercise
SOD SuperOxideDismutase
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AWARDS
(The below is the list of all the main awards given since January, 2014. In case
list of the awards is long, we have given a link which can be used to view the full
list of the awardees)
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AcademyAwards/Oscar
AwardsSeeOscarAwards SeeOscarAwards
AsianAwards 2014MahendraSinghDhoniwontheAsianAwardfor
outstandingachievementinsportsinUK.
BAFTAawards 67th Clickheretoviewfulllist
BharatRatnaAwards Awardedin2014
Govt.announcedawardingofBharatRatnato
SachinTendulkar(Crickter);Prof.C.N.R.Rao
(Scientist)inNovember2013.Thesamewere
presented
to
both
of
them
in
February
2014.
BraveryAwards Awardedin2014 SeebelowNationalBraveryAwards
DadasahebPhalkeAward 2013Gulzar(Realname SampoornaSingh)hasbeen
choosenfortheaward.Heisaveteranpoetand
filmlyricist.
FeminaMissIndia 2014KoyalRanafromJaipurwontheMissIndia
crownatthe51steditionofthebeautypageant
GDBirlaAward 2013/23rdAward Dr.RajeshGopakumar,atheoraticalphysicist
GallantryAwards(These
includeParamVirChakra,
MahavirChakraVirChakra,
AshokChakraKirti
Chakra,etc.)
Awardedin2014 Clickheretoviewfulllist
http://www.bestguru.com/oscar-awards-academy-awards-2014/http://www.bestguru.com/oscar-awards-academy-awards-2014/http://www.bestguru.com/oscar-awards-academy-awards-2014/http://www.bestguru.com/oscar-awards-academy-awards-2014/http://www.bestguru.com/oscar-awards-academy-awards-2014/http://www.bestguru.com/67th-bafta-awards-2014/http://www.bestguru.com/67th-bafta-awards-2014/http://www.bestguru.com/67th-bafta-awards-2014/http://www.bestguru.com/67th-bafta-awards-2014/http://www.bestguru.com/67th-bafta-awards-2014/http://www.bestguru.com/67th-bafta-awards-2014/http://www.bestguru.com/67th-bafta-awards-2014/http://www.bestguru.com/67th-bafta-awards-2014/http://www.bestguru.com/67th-bafta-awards-2014/http://www.bestguru.com/67th-bafta-awards-2014/http://www.bestguru.com/67th-bafta-awards-2014/http://www.bestguru.com/national-bravery-awards-2014/http://www.bestguru.com/national-bravery-awards-2014/http://www.bestguru.com/national-bravery-awards-2014/http://www.bestguru.com/national-bravery-awards-2014/http://www.bestguru.com/national-bravery-awards-2014/http://www.bestguru.com/national-bravery-awards-2014/http://www.bestguru.com/national-bravery-awards-2014/http://www.bestguru.com/national-bravery-awards-2014/http://www.bestguru.com/national-bravery-awards-2014/http://www.bestguru.com/gallantry-awards-announced-65th-republic-day-2014/http://www.bestguru.com/gallantry-awards-announced-65th-republic-day-2014/http://www.bestguru.com/gallantry-awards-announced-65th-republic-day-2014/http://www.bestguru.com/gallantry-awards-announced-65th-republic-day-2014/http://www.bestguru.com/gallantry-awards-announced-65th-republic-day-2014/http://www.bestguru.com/gallantry-awards-announced-65th-republic-day-2014/http://www.bestguru.com/gallantry-awards-announced-65th-republic-day-2014/http://www.bestguru.com/gallantry-awards-announced-65th-republic-day-2014/http://www.bestguru.com/gallantry-awards-announced-65th-republic-day-2014/http://www.bestguru.com/gallantry-awards-announced-65th-republic-day-2014/http://www.bestguru.com/gallantry-awards-announced-65th-republic-day-2014/http://www.bestguru.com/gallantry-awards-announced-65th-republic-day-2014/http://www.bestguru.com/national-bravery-awards-2014/http://www.bestguru.com/67th-bafta-awards-2014/http://www.bestguru.com/oscar-awards-academy-awards-2014/ -
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GandhiPeacePrize/
InternationalGandhiPeace
Prize
2013 ChandiPrasadBhatt,aGandhianand
environmentalistwhoisalsoapoineerofChipko
Movement.
GoldmanEnvironmentalPrize 2014 RameshAgrawal
GreenNobel 2014 Mr.RameshAgarwal,wontheprestigiousGoldmanEnvironmentalPrize,popularlyknown
asGreenNobel,onApril28,2014forscappinga
proposedcoalmineinChhattisgarh.
IIFAAwards
(International
IndianFilmAcademy
Awards)
15th
Best Picture - Bhaag Milkha Bhaag
Best Direction - Rakeysh Omprakash Mehra
(For Bhaag Milkha Bhaag)
Best Actor - Farhan Akhtar (for Bhaag
Milkha Bhaag)
Best Actress - Deepika Padukone (for
Chennai Express)
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InternationalGandhi
Award
2013 (1)Dr.VijayakumarVinayakDongre(2)Prof.
GuochengZhang(PranabMukherjeeon15
February,2014 presentedtheInternational
GandhiAwardfortheyear2013)
InternationalWomenof
CourageAward
2014 Laxmi,avictimofacidattackandstandard
bearerforthemovementtoendacidattacks.
KirtiChakra
Awarded
in
2014
Click
here
to
view
full
list
M.S.SubbulakshmiAward 2014Ms.MathangiSathyamurthy,Karnataka
musicianwasselected forM.S.Subbulakshmi
Award
MahatmaGandhi
InternationalAwardfor
PeaceandReconciliation
(MAGI)
2012 Dr.KennethKaunda
MoortideviAward Awardedin2014 Clickheretoviewfulllist
MostEfficientNavratna
Award20132013
HindustanAeronauticsLtd(HAL)receivedthe
MostEfficientNavratnaAward fortheyear
2013atthefifthDalaiStreetInvestmentJournal
AwardsnightheldinNewDelhionApril2,2014.
Theawardswerepresentedto thevarious PSUs
indifferentcategoriesinrecognitionoftheir
performanceandcontributiontotheIndian
economy.
NationalBraveryAwards Awardedin2014 Clickheretoviewfulllist
NationalCommunal
HarmanyAward2013
(a)TheCenterforStudyofSocietyand
Secularism,Mumbai,
was
on
25
January,
2014,
selectedfortheNationalCommunalHarmony
Award2013intheorganisationcategory.(b)
MohinderSinghofDelhi. (C)N.Radhakrishanof
Keralahavebeenselectedfortheawardinthe
individualcategory.
http://www.bestguru.com/gallantry-awards-announced-65th-republic-day-2014/http://www.bestguru.com/gallantry-awards-announced-65th-republic-day-2014/http://www.bestguru.com/gallantry-awards-announced-65th-republic-day-2014/http://www.bestguru.com/gallantry-awards-announced-65th-republic-day-2014/http://www.bestguru.com/gallantry-awards-announced-65th-republic-day-2014/http://www.bestguru.com/gallantry-awards-announced-65th-republic-day-2014/http://www.bestguru.com/gallantry-awards-announced-65th-republic-day-2014/http://www.bestguru.com/gallantry-awards-announced-65th-republic-day-2014/http://www.bestguru.com/gallantry-awards-announced-65th-republic-day-2014/http://www.bestguru.com/gallantry-awards-announced-65th-republic-day-2014/http://www.bestguru.com/gallantry-awards-announced-65th-republic-day-2014/http://www.bestguru.com/moorti-devi-award/http://www.bestguru.com/moorti-devi-award/http://www.bestguru.com/moorti-devi-award/http://www.bestguru.com/moorti-devi-award/http://www.bestguru.com/moorti-devi-award/http://www.bestguru.com/moorti-devi-award/http://www.bestguru.com/moorti-devi-award/http://www.bestguru.com/moorti-devi-award/http://www.bestguru.com/moorti-devi-award/http://www.bestguru.com/moorti-devi-award/http://www.bestguru.com/moorti-devi-award/http://www.bestguru.com/national-bravery-awards-2014/http://www.bestguru.com/national-bravery-awards-2014/http://www.bestguru.com/national-bravery-awards-2014/http://www.bestguru.com/national-bravery-awards-2014/http://www.bestguru.com/national-bravery-awards-2014/http://www.bestguru.com/national-bravery-awards-2014/http://www.bestguru.com/national-bravery-awards-2014/http://www.bestguru.com/national-bravery-awards-2014/http://www.bestguru.com/national-bravery-awards-2014/http://www.bestguru.com/national-bravery-awards-2014/http://www.bestguru.com/national-bravery-awards-2014/http://www.bestguru.com/national-bravery-awards-2014/http://www.bestguru.com/moorti-devi-award/http://www.bestguru.com/gallantry-awards-announced-65th-republic-day-2014/ -
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NationalFilmAwards 61st(2013) Clickheretoviewfulllist
NationalFilmfareAwards59th(awardedin
2014)Clickheretoviewfulllist
OscarAwards/Academy
Awards86th(2014) Clickheretoviewfulllist
PadamBhusan Awardedin2014 Clickheretoviewfulllist
PadamShri Awardedin2014 Clickheretoviewfulllist
PadmaVibhushan Awardedin2014 Clickheretoviewfulllist
PulitzerPrize 2014IndiabornpoetVijaySeshadrihaswonthe
PulitzerPrizefor3Sections,acollectionof
poems.
SahityaAkademiAwards 2013 Clickheretoviewfulllist
SangeetNatakAkademi
Award
for
theatre
personality
2013
AkademiRatna,theFellowship,wasconferred
onDr.KanakRele,R.Sathyanarayana,and
MaheshElkunchwar.
(Click
here
to
view
full
list)
SaraswatiSamman 2013Mr.GovindMishra,HindiAuthorforhisbook
DhoolPaudhoPar.
VyasSamman
presented
2013
EminentHindiwriterVishwanathTripathiwas
on5February,
2014
selected
for
the
prestigious
VyasSammanfortheyear2013.
YaleLiteraryAward 2014 PankajMishraalongwithsevenotherwriters
havewonthisawardfortheirliterary
achievements
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http://www.bestguru.com/61st-national-film-awards/http://www.bestguru.com/61st-national-film-awards/http://www.bestguru.com/61st-national-film-awards/http://www.bestguru.com/61st-national-film-awards/http://www.bestguru.com/61st-national-film-awards/http://www.bestguru.com/61st-national-film-awards/http://www.bestguru.com/61st-national-film-awards/http://www.bestguru.com/61st-national-film-awards/http://www.bestguru.com/61st-national-film-awards/http://www.bestguru.com/61st-national-film-awards/http://www.bestguru.com/61st-national-film-awards/http://www.bestguru.com/59th-filmfare-awards/http://www.bestguru.com/59th-filmfare-awards/http://www.bestguru.com/59th-filmfare-awards/http://www.bestguru.com/59th-filmfare-awards/http://www.bestguru.com/59th-filmfare-awards/http://www.bestguru.com/59th-filmfare-awards/http://www.bestguru.com/59th-filmfare-awards/http://www.bestguru.com/59th-filmfare-awards/http://www.bestguru.com/59th-filmfare-awards/http://www.bestguru.com/59th-filmfare-awards/http://www.bestguru.com/59th-filmfare-awards/http://www.bestguru.com/oscar-awards-academy-awards-2014/http://www.bestguru.com/oscar-awards-academy-awards-2014/http://www.bestguru.com/oscar-awards-academy-awards-2014/http://www.bestguru.com/oscar-awards-academy-awards-2014/http://www.bestguru.com/oscar-awards-academy-awards-2014/http://www.bestguru.com/oscar-awards-academy-awards-2014/http://www.bestguru.com/oscar-awards-academy-awards-2014/http://www.bestguru.com/oscar-awards-academy-awards-2014/http://www.bestguru.com/oscar-awards-academy-awards-2014/http://www.bestguru.com/oscar-awards-academy-awards-2014/http://www.bestguru.com/oscar-awards-academy-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/sahitya-akademi-awards-2013/http://www.bestguru.com/sahitya-akademi-awards-2013/http://www.bestguru.com/sahitya-akademi-awards-2013/http://www.bestguru.com/sahitya-akademi-awards-2013/http://www.bestguru.com/sahitya-akademi-awards-2013/http://www.bestguru.com/sahitya-akademi-awards-2013/http://www.bestguru.com/sahitya-akademi-awards-2013/http://www.bestguru.com/sahitya-akademi-awards-2013/http://www.bestguru.com/sahitya-akademi-awards-2013/http://www.bestguru.com/sahitya-akademi-awards-2013/http://www.bestguru.com/sahitya-akademi-awards-2013/http://www.bestguru.com/sahitya-akademi-awards-2013/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/oscar-awards-academy-awards-2014/http://www.bestguru.com/59th-filmfare-awards/http://www.bestguru.com/61st-national-film-awards/ -
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Books and Authors in News in May 2014
Always Visit: BestGuru.com & AllBankingSolutions.com
NameoftheBooks AuthorsName
100ThingstoKnowandDebate
BeforeYou
Vote
HindolSegupta
AStampisBorn CRPakrashi
Aavarana TheVeil SIBhyrappa
Ambedkar AwakeningIndia's
SocialConscience
NarendraJadhav
AnUndocumnetedWonder:
TheMakingoftheGreatIndian
Election
SYQuraishi
AnticipatingIndia
the
Best
of
NationalInterest
ShekharGupta
ArcticSummer DamanGalgut
ArcticSummer DamonGalgut
CapitalintheTwenty First
Century
ThomasPiketty
CentralTime RanjitHoskote
Centrestage
Insidethe
NarendraModiModelof
Governance
UdayMahurkar
EMailRevolution VAShivaAyyadurai
FamilyLife AkhilSharma
HardChoices HillaryRodhamCliton
MyYearswithRajivandSonia RDPradhan
RedesigningtheAeroplane
WhileFlying
:Reforming
Institutions
ArunMaira
Shivaji:TheRealHero BrijeshMogre
Smash&Grab Annexationof
Sikkim
SunandaKDatta Ray
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TheAccidentalPrimeMinister
TheMakingandUnmakingof
ManmohanSingh
SanjayaBaru
Thecandidate AnirudhBhattacharyya
TheDisrupter ArvindKejriwal
andtheAudaciousRiseofthe
AamAadmi
GautamChikermanewithSoma
Banerjee
TheFictionofFactFinding
ModiandGodhra
ManojMitta
TheGoldfinch DonnaTartt
TheHimalayanFace Off ShishirGupta
TheLast
Word
Hanif
Qureishi
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PERSONS IN NEWS
Always Visit: BestGuru.com & AllBankingSolutions.com
Nameoftheperson Whyinnews
AnandibenPatel Shehasbeenappointedasthe15thChiefMinisterofGujarat.
SheisthefirstwomanC.M.oftheState.
Dr.KVijayRaghavan TheSecretaryoftheDepartmentBiotechnology(DBT),
governmentofIndia,Dr.KrishnaswamyVijayRaghavanelecteda
foreignassociateoftheUSNationbalAcademyofSciences
(USNAS)inMay2014.
EhudOlmert ForthefirsttimeinIsrael'shistory,acourtsentencedtheformer
PrimeMinistertosixyearsinprisonforcorruptpracticesina
realestateprojoct.Hewasalsofined3lakh USDollarbyaTel
AvivCourt. In1973,hebecametheyoungestpersonever
electedtoIsrael'sParliamentandservedasPrimeMinisterfrom
2006to2009.
HosniMubarak FormerPresidentHosniMubarakhasbeensentencedtothree
yearsin
prison
after
finding
him
guilty
of
embezzling
public
funds. His twosons, AlaaandGamal,werealsoconvictedand
givenfouryearterms.
JitanRamManjhi HehasbeenappointedasthenewChiefMinisterofBihar.
JusticeB.S.Chauhan HehasbeenappointedtheChairmanoftheCauveryWater
DisputesTribunal.
KristinLund MajorGeneralKristinLund,ofNorway,inMay,2014becamethe
firstwomanevertoserveasForceCommanderinaUnited
Nationspeacekeeping
operation.
She
will
lead
the
UN
PeacekeepingForceinCyprus.
Lt.Gen.DalbirSingh
Suhag
HehasbeenappointedasthenextArmyChiefafterGeneral
BikramSingh retiresinJuly,2014.
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ManmohanSingh DrManmohanSinghinMay,2014tenderedhisresignationwith
arequesttodissolvethe15th LokSabha.PresidentPranab
Mukharjeeacceptedhisresignationtopavewayforthe
formationofnewgovernmentledbyNarendraModi.
Mr. AhmedMaiteeq HehasbeenappointedastheyoungestPrimeMinisterofLibya.
Mr.PeterMutharika HehasbeenappointedasthePresidentofMalawiinMay2014.
NabamTuki HehasbeensworninastheeighthChiefMinisterofArunanchal
PradeshforthesecondconsecutiveterminMay,2014.
NarendraModi HehasbeenappointedasPrimeMinisterofIndia usheringina
neweraofanonCongressgovernmentwithanabsolute
majorityonits own.
NaveenPatnaik HehasbeenappointedastheChiefMinisterofOdishaforthe
fourthconsecutiveterminMay,2014
NitishKumar BiharChiefMinisterNitishKumarresigned, afterhisparty
JD(U)'spoorshowintheLok Sabhaelections.The partyhas
managedtogetjust2seatsoutof40LokSabhaseatsinthe
state.
NripendraMishra HehasbeenappointedasthePrincipalSecretarytoPrime
MinisterMr.NarendraModiinMay2014,soonhonable
PresidentpromulgatedanordinanceamendingtheTelecom
RegulatoryAuthorityAct1997,toenable the formerChairman
ofthe regulatorybodytotakeupemploymentwiththe
government.
PawanChamling HehasbeensworninasSikkimChiefMinisterfortherecordfifth
consecutivetime.
In
power
since
December
12,
1994.
RajivMathur HehasbeenappointedastheChiefInformationCommissioner
(CIC)byPresidentPranabMukherjeeinMay,2014.
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RussiMody RustomjiHormusji(Russi)Mody,fondlycalledGrandOldManof
Steel,passedawayinMay2014inKolkata.
YingluckShinawatra AThaicourthasorderedPrimeMinisterYingluckShinawatraand
severalCabinetMinisterstostepdowninMay2014.The
country'sConstitutional
Court
found
Yingluck
violated
the
constitutionwhenshedismissedtheNationalSecurityCouncil
Chiefin2011.
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Places in News
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NameofthePlace WhereLocated Whyplacewasinnews
Badakhshan Afghanistan HundredsofpeopleofAabeBarikvillageinBadakhshanprovinceofAfghanistanwere
killedinadevastatinglandslide.Nearly300
housesalongwiththeirinhabitantswere
buriedalivethemudandrubblewhena
wholemountainsidecollapsedoverthe
village.
Chibok Nigeria Thecountry'sBokoHarmanIslamicmilitantsabducted223schoolgirlsfrom
theirboardingschoolinApril2014inthe
townofChibokinnortheasternBorno
state.TheAfricanleaders,summitinParis
has agreedtowageawaragainstBoko
HarmanIslamicmilitantsandhasagreedto
shareintelligenceandtocoordinateaction
againstthegroup.AnAmericanspecialist
teamhasalsoarrivedinNigeriatohelpfind
andfree
school
girls.
Donetsk Ukraine Theselfproclaimedheadofthe"People'srepublicofDonetsk"ineasternUkraine,
DenisPushilin,hasdeclaredtheregiona
sovereignstateandaskedRussiato
consider allowingittoaccede.Pushilinwas
speakingafterheclaimed89percentofthe
peopleintheregionsupported
independenceintherecentreferendum,
whichwasslammedasillegalandasafarce
byboth
the
West
and
Kiev.
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Galapagos Ecuador Ecuadorhasdeclaredanemergency intheislandafterapetroltankerranaground
there,whichposesathreattothe
archipelago'sfragileecosystem. Theship's
cargowasemptied,buttheauthoritiessaid
pollutants,likemotoroil,insidethevessel
couldspillandcauseenvironmentdamage.
TheGalapagosarehometouniqueanimal
speciessuchasthegianttortoise,marine
iguanaandflightlesscormorant.In1978,
thechainofvolcanicislandsweredeclared
aWorldHeritageSitebytheUNESCO.
Herat Afghanistan TheIndianConsulateinthisprovinceofthisproAfghanistanwasattackedbyheavily
armedgunmen,who werealso carrying
rocket
propelled
grenades.
Brave
ITBP
(Indo
TibetanBorderPolic)personalandAfghan
soldiersrebutattackers.Allthe Indiastaff
aresafe.Indiahasinvestedinsomemajor
infrastructureprojectsinAfghanistanlike
SalmahydroelectricdaminHeratprovince
andtheAfghanparliamentbuildingin
Kabul.India'sdevelopmentassistance
programmeforAfghanistancurrentlystands
atUSD2bn,makingittheleadingdonar
nationamongallregionalcountries.
Johannesburg SouthAfrica Thefirstfullfledgedgurudwaraistobebuiltherefollowinganeightyearbattle
withmainlywhiteSouthAfricanresidents
ofanupmarketsuburb.Thegurudwarahas
beenrunonatemporarybasissofar.But
nowcityofJohannesburghasagreedto
rezonethepropertytoallowconstructionof
aplaceofworship.
TamilNadu
India
Sixworkers
were
injured
when
hot
water
spilledfromavalveatKudankulamnuclear
powerplant,situatedinTamilNadu,inMay
2014.
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Turkey Asia Thecountrydeclaredrescueoperationsover,followingthe devastatingcoalmine
blast,thecountry'sworsteverindustrial
disaster,afterretrievingthebodiedoftwo
lasttrappedminers,bringingthefinaldeath
toll
301.
A
total
of
485
miners
were
rescued
alive.Apreliminaryexpertreportonthe
accidentpointedtoseveralsafetyviolations
inthemine,includingashortageofcarbon
monooxidedetectorsandceilingsofwood
insteadofmetal.
Vietnam Vietnam Inthecountry,thousandsofantichinaprotestershavegoneontherampagein
southernpartofthecountry,damagingand
settingfiretfactories.Theywereprotesting
at
China's
deployment
of
an
oil
rig
in
an
areaofSouthChinaclaimedbyboth
VietnameseenvoystoTaipeitoexpress
seriesconcern.
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Important Days Celebrated In May 2014
Date CelebratedAs
1May InternationalLabour/WorkersDay
3May PressFreedomDay/WorldAsthmaDay
4May CoalMinersDay
8May WorldRedCrossDay
9May WorldThalassaemiaDay
10May,11May WorldMigratoryBirdDay
11May NationalTechnologyDay
12May InternationalNursesDay
15May InternationalDayoftheFamily
17May WorldTelecommunicationDay
18May WorldMuseumDay
19May BhashaShahidDiwas(India)
24May CommonwealthDay
31May AntiTobaccoDay
2ndSunday
of
May
World
Mother's
Day
(in
2014
it
will
celebrating
on
11
05
2014)
SecondSundayof
February
WorldMarriageDay(In2014itwascelebratedon09022014)
21May AntiTerrorismDay/WorldDayforCulturalDiversityfor
Dialogue&Development
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Sports
(The below is given the winners of all the major sports events since January 2014)
NameofTrophy Month/Year WinnerNameof
SportWhereheld
AsianGrandPrixArchery
Championship
Mar14 Indiawonthe
threegoldthree
silversandthree
Bronzemedals,
therebytopping
thetally.
Archery Bangkok
AustarlianOpen 2014 Men'sSingles
StanislasWawrinka
(Switzerland);
Women'ssingle Li
Na(China)
Tennis Melbourne
(Australia)
NationalBasketball
Championship
March2014
(64th)
Tamilnaduwonthe
Menstitlewhere
asChhatisgardh
wonthewomens
title.
Basketball NewDelhi
NationalSnooker
Championship
Mar14 PankajAdwaniand
VidyaPillaiwon
theMens
and
Womenstitle
respectively.
Snooker Lucknow
RanjiTrophy 2014 KarnatakaState.
Manofthematch
titlewasgivento
K.H.Rahul.
Cricket Hyderabad
SnookerWorld
Championships
May2014 MarkSelby(U.K) Snooker Sheffield,
England
ThomasCup May2014 Japan Badminton NewDelhi
UberCup
May
2014
China
Badminton
New
Delhi
WorldTwenty20(Mens) 2014 SriLanka Cricket Bangladesh
WorldTwenty20
(Womens)
2014 Australia Cricket Bangladesh
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Defense Updates
Topic Headline Newsdetails
Astra
Missile
Indiasuccessfullytestfired
Astraairtoairmissile
IndiainMay,2014successfullytestfired
itsfirstindigenouslydevelopedairtoair
missileAstrafromaSU30combataircraft
overa firingrangeinthewesternsector.
Itis developedbyDRDOandisanall
weatherweaponssystem.
Akash
Akash
Successfully
Test
Fired
AgainLaunching
the
same
missile
for
the
second
consecutiveday,IndiainMay2014
successfullytestfired indigeneously
developedsurfacetoairAkashmissileas
partofausertrialfrom Integratedtest
Range(ITR)atChandipur,Odisha.
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SNIPPETS
ThailandsarmyChiefannouncesmilitarycoup:
ThailandsarmyChiefGen.PrayuthChanochaannouncedamilitary
takeoverofthegovernmentinMay2014,sayingthatthecoupwas
necessarytorestorestabilityandorderaftersixmonthsofpolitical
deadlockandturmoil.
Chinasigns
30
year
deal
for
Russian
natural
gas:
Chinasignedalandmark$400billiondealinMay2014tobuynaturalgas
fromRussia. ThisbringsMoscowmoreclosetoBeijingatatimewhen
PresidentVladimirPutinsrelationswiththewesthavedeteriorated.
PresidentofChinaalsocalledforanAsiansecurityarrangementthatwould
includeRussiaandIranandexcludetheUnitedStates.
Swissvotersrejectworldshighestminimumwage:
InMay2014,Swissvotersrejectedtheproposalstointroducetheworlds
highestminimumwage.
PakistantestfiresnuclearcapablemissileHatfIII:
On8thMay,2014,Pakistansuccessfullytestfiredshortrangesurfaceto
surfaceballisticmissileHatfIII. Themissileiscapableofcarryingnuclear
andconventionalwarheadsuptoarangeof290kilometersthatcould
coverparts
of
India.
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Worlds highestrailwaytunnelopensinChina:
TheworldhighesttunnelforhighspeedtrainsinnorthwestChinabecame
operationalon1May,2014atanaltitudeof3,607.4meters.
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SCappointsMudgaltoprobeIPLscandal:
The
Supreme
Court
on
16
May,
2014
appointed
Justice
Mukul
Mudgal
to
probethespotfixingandbettingallegationsagainst13people,including
somecricketerswhoplayedtheIndianPremierLeague(IPL)2013,and
inactionbyBoardPresidentN.Srinivasan
SCallows raisingofwaterlevelinMullaperiyardam:
TheSupremeCourtallowedtheraisingofwaterlevelinMullaperiyardam
upto142feet. SCquashedthelawpassedbytheKeralaassemblyonthe
Mullaperiyardam.
The
SC
restrained
the
Kerala
government
from
implementingthelegislationandobstructingTamilNadufromincreasing
Waterlevel. SCalsosetupa3membercommitteeheadedbya Central
WaterCommissionmembertoensureproperrepairoftheMullaperiyar
dam.
SCbansJallikattuandbullockcartracing:
Inamajor
step
towards
protecting
animals
from
human
cruelty,
Supreme
Courtbannedthe popularpostharvestJallikattuorbullfightsinTamil
NaduandbullockcartracinginMaharastra,Punjabandother statesonthe
groundsthattheyviolatedprovisionsofthe50yearsoldPreventionof
CrueltytoAnimalsAct.
HarappangranaryfoundatRakhigarhiinHaryana:
Ateamofresearchershasfoundagranary,withwallsofmudbricks,which
arestill
in
remarkably
good
condition,
at
Rakhigarhi
village,
aHarappan
civilizationsite,inHaryana.
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FundtoboostChinasmaritimeSilkRoaddevelopment:
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ChinainMay,2014setupa10billionYuan($1.6billion)fundtotake
forwarditsambitiousMaritimeSilkRoadPlantobuildportsandboost
maritimeconnectivitywithSoutheastAsianandOceanLittoralcountries.
The10billionYuan(aroundRs.10,000crore)fundwillsupport
infrastructureprojects
under
the
umbrella
of
the
Silk
Road
plan.
NetherlandstopsPressFreedomIndex2014,India78
Globalpressfreedomhasfallentoitslowestlevelinoveradecade,
accordingtoPressFreedomIndex2014,releasedbyAmericanNGO
FreedomHouse. TheNetherlands,NorwayandSwedenretaintheirplaces
atthe
top
of
the
list
for
protecting
press
freedom.
China
maintains
the
worldsmostsophisticatedcensorshipapparatus.Indiaalsosawadeclinein
2013toreflectinterferenceincontentbymediaownersintherunupto
the2014elections.
BrazilissuesstampstohonorIndianCinema:
Brazil
in
May,
2014
paid
tribute
to
the
Indian
film
industry
on
its
centenary
byreleasingtwopostage stampsdesignedbyanIndian graphicdesignerat
acommemorativefestivalinBrasilia.Indiancinemacompleted100yearsin
2013.
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16th
LokSabhaelections:
TheBhartiyaJanataParty(BJP)on16May,2014createdanelectoralrecord
bybecomingthefirstpartyin30yearstowinamajorityonitsowninthe
LokSabha. Thepartywon282seats,comfortabilityabovethehalfway
markof272inthe545membersLokSabha. TheallianceitleadsNational
Democraticalliance(NDA)has336seatsinthelowerhouseofthe
Parliament.
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CBIcanprobewithoutCentresnod
Inalandmark
judgment,
Supreme
Court
gave
the
CBI
afree
hand
to
inquireintocorruptionchargesagainsttopbureaucratsbystrikingdowna
lawthatmandatedtheagencytoseektheCentrenodbeforeinvestigating
officersoftherankofjoinsecretaryandabove.
PresidentlaunchesIndiasowncardpaymentnetwork
RuPay:
PresidentPranabMukhaerjeeinMay,2014launchedIndiaownpayment
gatewayRuPayequivalentofVisaandMasterCard,whichwillworkon
ATMsandmerchantoutletsandhelpinreducingcashtransactions.
RuPayisthecoinageoftwotermsRupeeandPayment. RuPay,which
worksonthreechannelsATMs,PointofSales(POS)andonlinesales,is
theseventhsuchpaymentgatewayintheworld.
Worldto
have
3billion
Internet
users
by
years
end:
UN
TheUnitedNationsInternationalTelecommunicationsUnion(ITU) has
reportedthattherewillbenearlythreebillionInternetusers (twothirdof
themfromthedevelopingworld).Thiswillaccountsforabout40percentof
theworldspopulation.
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Miners
Trapped
:
OnMay2013,hundredsofminersweretrappednearlyamile
undergroundsafteranexplosionandfirecutoff electricitytothedepthsof
acoalmine inSoma,Turkey.Theresultingdisasterhasnowbecomethe
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worstinTurkishhistory,claimingthelivesof301workerswithnearly
another500escapingorbeingrescued.
Govt.Constitutes
SIT
to
Go
After
Black
Money:
ThenewUniongovernmentannouncedthesettingupofahighlevel
SpecialInvestigationTeam(SIT)tohelpunearthblackmoneystashedaway
abroadatthefirstmeetingoftheCabinet,presidedoverbyPrimeMinister
NarendraModi. TheSITwouldbeheadedbyformerSupremeCourtjudge
JusticeM.B.ShahandanotherretiredSupremeCourtjudgeArijitPasayat
wouldbeitsvicechairman.
TheSITwillhavehighprofilegovernmentofficialslikeRevenue
Secretary,DeputyGovernorofReserveBankofIndia,Director of
IntelligenceBureau,Directorof EnforcementDirectorate,Director,
CentralBureauofInvestigation,ResearchandAnalysisWingchief,
DirectorGeneralofRevenueIntelligence,ChairmanoftheCentralBoard
ofDirectTaxesandDirectorofFinancialIntelligence
TopTen
Priorities
of
the
Modi
Government
ThenewgovernmentledbyNarendraModihassetthefollowingtentop
priorities. Thefocusisongoodgovernancethroughtimebounddelivery.
Buildconfidenceinbureaucracy.
Welcomeinnovativeideasgivefreedomtobureaucratstowork.
Transparencyingovernment;eauctionwillbepromoted.
Education,health,water,energyandroadsarepriority.
Peopleorientedpolicyispriority.
Infrastructureandinvestmentreforms.
Systemtobeinplaceforinterministerialissues.
Economysconcernstobeaddressed.
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Policiestobeimplementedintimeboundmanner
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Stabilityandsustainabilityingovernmentpolicies.
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IBExChiefAjitDovalisIndiasNewNSAFormerIntelligenceBureauChiefAjitDoval hasbeenappointedastheNationalSecurity
Adviser.
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Banking and Economic News (May 2014)
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Headlines DetailsSingapore
replaced
Mauritius
astop
sourcesof
FDIinIndia
NowSingaporehasreplacedMauritiusasthetopsourcesoffor
ForeignDirectInvestment(FDI)intoIndia. About25percentofFDI
inflowsin201314.Duringthelastfinancialyear,Indiaattracted$5.98
billioninFDIfromSingapore,whereasitwas$4.85billionfrom
Mauritius,asperthedataoftheDepartmentofIndustrialPolicyand
Promotion(DIPP).
RBIextends
loan
tenuresfor
exporters
to10years
ReserveBank
of
India
has
allowed
banks
to
provide
loans
of
tenures
upto10yearstoexporters. Existingnormsallowbankstogiveloans
foruptooneyearsonly.Thisfacilityisavailablewithcertain
conditions,includinganinterestratelimitof200basispointsabove
Libor,aglobalbenchmark. Besides,exportersreceivingloansof$100
millionorabove,needtoreportthetranslationimmediatelytothe
RBI.
Bhartiya
Mahila
Bank
includedin
second
scheduled
toRBIAct
BhartiyaMahilaBank,thecountrysfirstallwomenbank,was
includedin
the
Second
Schedule
of
the
RBI
Act.
Post
inclusion
in
the
secondscheduleorcommercialbankcategory,thelenderbecomes
eligibleforloansfromRBIonbankrateandalsoacquiresmembership
ofclearinghouses. BMBisInexistencesinceNovember2013and
startedwithaseedcapitalofRs.1,000crore. Oneofthekey
objectivesofthelenderistofocusonthebankingneedsofwomen
andpromoteeconomicempowerment.
RBIasks
bankstoinstall
disabled
friendly
ATMs
ReserveBankofIndiaforthebenefitofpersonswithdisabilities,made
itmandatoryinMay,2014forbankstoinstalltalkingATMswithBraillekeyboard. AllnewATMstobeinstalledbycommercialbanks
fromJuly2014onwardswouldhavetoprovideaudibleinstructions
andBraillekeyboardtocustomers.
RBIto RBIhasreportedthatplasticcurrencynoteswouldbelaunchedinthe
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launch
plastic
notesnext
year
countryin2015afterfieldtrials.
RBIrestricts
useofECB
torepay
rupeeloans
ReserveBank
of
India
(RBI)
in
May,
2014
barred
local
companies
from
repayingrupeeloansusingdollarloansraisedoverseas. RBIsaid
companieswillnotbeallowedtoraiseExternalCommercial
BorrowingsfromoverseasbranchesandsubsidiariesofIndiabanksfor
thepurposeofrefinanceandrepaymentofrupeeloansincaseof
takeoutfinancing,infrastructurefinancingandspectrumallocation
andotherrepayments. Earlier,RBIrestrictedbanksfromissuing
guaranteestooffshorejointventuresandsubsidiariesofIndia
companiestoavailofforeigncurrencyloanstorepayrupeecredit.
RBIallows
minors
above 10
yearsto
openand
operate
banka/c
Toboost
financial
inclusion
RBI
issued
guidelines
whereby
banks
are
nowatlibertytoallowminorsabove10yearstoindependentlyopen
andoperatebankaccountsonlyalongwithaparentoraguardian. All
childrenandteenagersbelowtheageof18areconsideredminors
undercurrentrules.