Current Affairs for Bank Exams,SSC,RRB for the date 25.11.14 NATIONAL EVENTS • The Rajya Sabha has passed the Labour Laws Amendment Bill, 2011 to provide for maintenance of registers and returns in computer and computer floppy, will safeguard the interests of labourers and brings about transparency and accountability in their recruitment process and will fulfill the long-standing demand of wage revision of the laborers. • The Delhi Special Police Establishment (Amendment) Bill, 2014 was introduced in the Lok Sabha. • The Cabinet is soon expected to consider a bill that will facilitate merger of the Person of Indian Origin (PIO) and Overseas Citizenship of India (OCI) schemes. • The literacy rate of Mizoram stood at 91.33 per cent making it the third most literate state in the country after Kerala and Lakshadweep. • The country is expected to save at least Rs 86,000 crore annually after electronic toll collection (ETC) system becomes operational pan-India by December. • Global market maker Clearstream is working with Indian authorities and banks to develop an access to further increase Indian securities trading such as Eurobonds across its global markets. • International Finance Corporation (IFC), a member of the World Bank Group, has partnered the realtors apex body CREDAI to promote development of green buildings in the country. • Shares of telecom operator Bharti Airtel closed with gains of over 1 per cent today as the company sold its 4,800 mobile towers in Nigeria to US-based American Towers Company for about USD 1.05 billion. • Countrys largest car maker Maruti Suzuki India (MSI) said one of its best selling s Wagon R has crossed 15 lakh unit sales mark in domestic market. • GMR Infrastructure has received market regulator Sebis approval to raise up to Rs 1,500 crore through rights issue. • Godrej Properties, the real estate development arm of the Godrej Group, has opened its first international representative office here to engage directly with the Indian diaspora across the GCC market. • An Indian Railways team is in China to chalk out plans for conducting feasibility study to build the 1,754 km-long Delhi-Chennai high-speed train corridor. • The RBI is ready to give banks more flexibility in restructuring of stressed loans if it facilitates recovery of stalled projects. • Banks have collected over Rs 6,000 crore by opening 7.9 crore accounts under the Pradhan Mantri Jan Dhan Yojana. • Corporation Bank has opened its ‘Corp Excel’ branch with ‘24 x 7 e-Lobby’ at Kandivili [West] in Mumbai. Corp Excel branches and e-Lobbies are being rolled out by the bank at various centres under ‘Project Sankalp’ – the Business Process Re-engineering exercise of the bank. The public sector bank has opened 55 Corp Excel branches with e-Lobbies and seven standalone e-Lobbies across the country. • Amid concerns about possible misuse of Offshore Derivative Instruments-ODI, or P-Notes, for money laundering and other such purposes, the Securities and Exchange Board of India (SEBI) on Monday directed foreign investors to ensure compliance with all necessary norms before issuing such notes with immediate effect. • P-Notes are mostly used by overseas High Networth Individuals- HNIs, hedge funds and other foreign institutions to invest in Indian markets through registered foreign institutional investors, while saving on time and costs associated with direct registrations. However, there have been often concerns about misuse of this route. The investments through P-Notes rose to nearly seven-year high of over Rs 2.65 lakh crore at the end of October 2014. • Lahore-based author Bilal Tanweer has won the 2014 Shakti Bhatt First Book Prize for his novel The Scatter Here Is Too Great (Random House India). In its seventh year, the prize money has been increased to `2 lakhs with support from Priti Paul and the Apeejay Trust. • IAS officer Kiran Gurrala has been appointed as the Chief Executive Officer of Chennai Metropolitan Development Authority (CMDA). • The government has appointed three new secretaries • Senior IAS officers Rajive Kumar and Sunil Soni have been appointed as Secretary in Shipping and Overseas Indian Affairs Ministry. • Anjuly Chib Duggal, a 1981 batch IAS officer of Punjab cadre, has also been appointed as Secretary in Corporate Affairs Ministry, an order issued by the Department of Personnel and Training (DoPT) said. • Kathak legend Sitara Devi passes away. • US Defence Secretary Chuck Hagel has resigned. • The government today launched the Swachh Bharat Kosh, a fund that will be utilised to build toilets in schools, rural and urban areas to achieve the objective of cleanliness across the country. Prime Minister himself will acknowledge contributions of over Rs 1 crore made by individuals and of over Rs 20 crore by corporates. • Pensions fund regulator, PFRDA expects the funds under management to reach one lakh crore rupees by the end of this fiscal on the back of increase in new subscribers of the Swavalamban Yojana, a low-cost version of new pension scheme and now a part of the ‘Jan Dhan Yojana’. • National Skills Development Corporation (NSDC) has inked an agreement with the University of Delhi to introduce skill-based training programmes as a part of the undergraduate (UG) study programmes. INTERNATIONAL EVENTS • Three SAARC centres-the SAARC Documentation Centre, SDC in New Delhi, SAARC Human Resource Development Centre, SHRDC in Islamabad and SAARC Information Centre, SIC in Kathmandu are to be shut down while four other centres will be merged into a new Centre. A decision to this end was reached yesterday in the 41st session of the SAARC Standing Committee of the foreign secretaries of the member countries in Kathmandu. • 25th November is International Day for the Elimination of Violence against Women . This year, the United Nations Secretary-General’s Campaign UNiTE to End Violence against Womeninvites you to “Orange YOUR Neighbourhood.” Take the UNiTE campaign to local streets, shops and businesses, and organize “Orange Events” in their own neighbourhoods between 25 November and 10 December 2014. The date of 25 November was chosen to commemorate the Mirabal sisters, three political activists from the Dominican Republic, who were brutally assassinated in 1960 during the Rafael Trujillo dictatorship (1930-1961). SPORTS • The newly-built Kalinga Stadium of Bhubaneswar will stage the opening match, while capitals Major Dhyan Chand National Stadium will host the semifinals and final of the third edition of Hero Hockey India League to be held across the country from January 22 to February 22. • India are placed in a strong Group A that comprises of Brazil, Portugal and Ghana for the Expo 2014 Unity World Cup. • Women Boxers Sarjubala Devi and Saweety today won Silver medals in the World Womens Boxing Championships in Korea. • Ms Deborah, a tribal girl from Andaman and Nicobar Islands has created history in National Level by winning four Gold Medals in the Track Asia Cup Cycling Championship 2014 which concluded at Indira Gandhi Stadium, New Delhi. Deborah won both the two gold medals - in the womens elite keirin and sprint finals India also grabbed four silver, including the two they won and added three more bronze medals to their tally to finish with a total of 18 medals, 5 gold, 4 silver and 9 bronze. BANKING AWARENESS FOR YOU Which banks are insured by the DICGC? Commercial Banks: All commercial banks including branches of foreign banks functioning in India, local area banks and regional rural banks are insured by the DICGC. Cooperative Banks: All State, Central and Primary cooperative banks, also called urban cooperative banks, functioning in States / Union Territories which have amended the local Cooperative Societies Act empowering the Reserve Bank of India (RBI) to order the Registrar of Cooperative Societies of the State / Union Territory to wind up a cooperative bank or to supersede its committee of management and requiring the Registrar not to take any action regarding winding up, amalgamation or reconstruction of a co-operative bank without prior sanction in writing from the Reserve Bank are covered under the Deposit Insurance System. At present all co-operative banks other than those from the States of Meghalaya, and the Union Territories of Chandigarh, Lakshadweep and Dadra and Nagar Haveli are covered under the deposit insurance system of DICGC. Primary cooperative societies are not insured by the DICGC. ABOUT MALI CAPITAL: Bamako CURRENCY: West African CFA franc PRESIDENT: Ibrahim Boubacar Keïta PRIME MINISTER: Moussa Mara CONTINENT: Africa PHRASAL VERB “walkout” means “Leave a place angrily” Example: Opposition Congress and BJP today walked out of Odisha Assembly. “Gears up” means “to prepare” Example: Chhattisgarh gears up to hold 2nd Global Investors Meet.
Posted on: Tue, 25 Nov 2014 17:49:19 +0000
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