Current Affairs February 2014

TUSHANT GARG. Email address: gargtushant@gmail.com

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Current Affairs Compendium February 2014
Contents

Chinese New Year 2014 – “Year of the Horse”.............................................................................................5 Chinese scientists invented ‘Water-jet’ printer ............................................................................................6 56th Grammy Awards 2014 ...........................................................................................................................6 National Waqf Development Corporation Limited (NAWADCO) inaugurated by Prime Minister ....... 6 India ranked lowest in US chamber’s global IP index.................................................................................7 Uniform tax rate for foreign portfolio investors .........................................................................................7 MoU signed between Union Ministry of Rural Development and Digital Green ................................... 8 TCS set to replace Genpact as top BPO ........................................................................................................8 India suffered worst ODI series defeat against New Zealand ..................................................................8 Officers of IAS, IPS & IFS to spend minimum of 2 Years at each posting ................................................ 9 IAMAI: India to have 243 million internet users by June 2014 .................................................................. 9 Indian Rupee to be legal tender in Zimbabwe ......................................................................................... 10 Ms. Kiwi Kathy Cross: First woman in ICC umpire’s panel ...................................................................... 10 Hero MotoCorp unveiled diesel concept motorcycle .............................................................................. 10 Founder of Super30 bestowed with the prestigious Ramanujan Mathematics award ..................... 10 Butterfly Bacteria Study revealed certain surprises about Metamorphosis ....................................... 11 Govt. suspended LPG subsidy transfer scheme and hiked cylinder quota ......................................... 11 India became world’s No.3 crude importer .............................................................................................. 11 Agriculture Ministry Issues Detailed Guidelines for NMOOP ................................................................. 12 TUSHANT GARG. Email address: gargtushant@gmail.com India and Fiji inkedd DTAA (Double Taxation Avoidance Agreement) .................................................. 12 India’s first monorail inaugurated in Mumbai .......................................................................................... 12 After Delhi, Rajasthan became 2nd state to withdraw approval for FDI in multi-brand retail ......... 13 US warned China against move to declare new ADIZ over South China Sea ...................................... 13 Saving Asia’s Vultures from Extinction (SAVE) .......................................................................................... 13 New Maharashtra law for recovery of bad loans..................................................................................... 14 Justice B.N.Srikrishna Committee recommendations to be reviewed by a 9-member IRDA panel . 14 Sahara group claims to create 56,000 jobs............................................................................................... 15 FATF released report on Money Laundering & Terrorist Financing ...................................................... 15 Chinese warships hold rare exercises in Indian Ocean .......................................................................... 16 Ms. Silverine Swer: Meghalaya’s first Padma Shri awardee, passed away........................................... 16 National Mission on Libraries(NML) – an initiative of the Ministry of Culture, launched .................. 16 Harish Rawat sworn-in as new CM of Uttrakhand ................................................................................... 17 Kashmir Solidarity Day: Pakistan invited India for dialogue on Kashmir ............................................. 17 Indian-born Mr. Satya Nadella appointed as the new Microsoft CEO .................................................. 18 Bill Gates “Founder and technology advisor”; John Thompson new Chairman of Microsoft ............ 18 101st Indian Science Congress ................................................................................................................... 19 Yahoo email account passwords stolen .................................................................................................... 19 Aishwarya Rai Bachchan voted fourth most beautiful woman of the world ....................................... 19 President Pranab Mukherjee conferred Bharat Ratna on Prof. C N R Rao and Sachin Tendulkar .. 20 Justice Ashok Kumar Mathur Committee: 7th Pay Central Commission constituted ........................ 20 Govt. launched ‘National Cloud’ Under ‘MeghRaj’.................................................................................... 21 RGGVY: Evaluation Studies Show a Positive Impact on Women and Education in Rural India......... 21

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Current Affairs Compendium February 2014
New Criteria for National Sports Awards .................................................................................................. 22 Muthoot Finance launched its first White-Label ATM ............................................................................. 23 Govt. allows FIIs, NRIs to invest in insurance sector................................................................................ 23 ‘NACH-ready payments services’ hub for India, launched by Polaris Financial Technology ............. 24 Apple India re-launched production of iPhone 4 ..................................................................................... 25 K.V. Thomas Committee: ............................................................................................................................. 25 Bezbaruah Committee: To address concerns of Northeastern people ............................................... 25 Indian CEOs leading major companies in the world ............................................................................... 26 Delhi Nagar Swaraj Bill 2014 ....................................................................................................................... 27 India and Germany inked pacts on financial and tech co-operation .................................................... 27 World Children’s Prize (Children’s Nobel Prize) Nominees 2014: Malala, John Wood and Indira Ranamagar..................................................................................................................................................... 28 Chip-and-PIN cards ....................................................................................................................................... 29 National Green Tribunal (NGT) bans on burning tyres in Public Places ............................................... 29 DRDO developing UAVs to track down Maoists ....................................................................................... 30 RBI released draft Report on Enabling PKI in Payment System Applications ...................................... 30 Google doodle celebrated Sarojini Naidu’s 135th birthday or National Women’s Day of India ....... 31 Production of iconic Maruti 800 stopped by Maruti Suzuki India Ltd (MSIL)....................................... 31 DRDO developing UAVs to track down Maoists ....................................................................................... 31 Ms. Arunima Sinha bagged Amazing Indian Award 2014 ....................................................................... 32 Sitaram Yechury committee report: Revisit Aircraft Act 1934 and bring out comprehensive bill .... 32 TUSHANT GARG. Email address: gargtushant@gmail.com CCEA approved National Programme on Prevention & Management of Burn Injuries (NPPMBI)... 32 Dr. Marco Lambertini: New Director-General of WWF International.................................................... 33 Mr. Vishwanath Tripathi honored with the Vyas Samman 2013 ........................................................... 33 Sushil Koirala: Nepal’s new PM ................................................................................................................... 33 “SMSS J031300.36-670839.3”: Oldest known star in the Universe discovered .................................... 34 RBI allowed FIIs to purchase 30% shares in Dabur ................................................................................. 34 “Two additional attempts” for all categories of candidates in UPSC’s Civil Services Exams .............. 35 Sikkim: India’s first state to achieve 100% sanitation coverage ............................................................. 35 Central Government: All public transport vehicles must have GPS by Feb 20, 2014 ......................... 36 Mr. Jatinder Bir Singh: Appointed as a new CMD of Punjab and Sind Bank ........................................ 36 Mukul Mudgal Committee report on IPL spot fixing scandal................................................................. 36 RBI imposed restrictions on intra-group investment by banks ............................................................. 37 Solar mission: US again challenged India’s solar export restrictions in WTO...................................... 37 “Digital Holographic Microscopy” technique: First ever 3D film of a living sperm developed .......... 38 NRIs set up first NaMo tea stall in Silicon valley, USA ............................................................................. 39 OECD issued new standard to combat black money; India to follow new standard for tracking black money .................................................................................................................................................. 39 Union Government launched HIV Salvage Therapy ................................................................................ 40 “Pune Metro Rail Project” approved by Central Government ................................................................ 40 “The Hindus: An Alternative History”: Penguin withdraws Doniger book on Hinduism .................... 41 Assam became the First State to legally ban smokeless tobacco ......................................................... 41 “Sammakkaa Saarakka” or “Jatara”: Largest tribal religious congregation of world began ............... 41 Karnataka clinched the Irani Cup 2014 ..................................................................................................... 41

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.................. 42 China and Taiwan hold first high-level meeting since 1949 . Kiran Kumar Reddy resigned as AP Chief Minister ...... 46 Chinese scientists developed flexible fire resistant paper ............... 47 India hosted third World Congress on Agro-forestry 2014 .................... 60 © 2014 www.................. 53 Interim Union Budget 2014-15 .............. 49 Mount Kelud Volcano Erupts in Indonesia.......................................................................................................................................................................................................................................................................................................................................................................................................................... 53 Chennai and Panaji (India) to host World Bridge Championship 2015 .................................................................................................................................................................................... 45 Delhi: President rule imposed after AAP’s resignation .............................. 51 67th BAFTA Awards 2014......... 45 New Zealand won 2-Cricket Test series against India 1-0 .. 51 International Mother Language Day of Bangladesh 2014............................................................... 48 “Tropex 2014”: Indian Navy started largest combat exercise with dedicated satellite G-SAT 7 .................... India’s first breeding centre for wild dogs (Dhole)............... 42 CSO: India’s Economy to grow by 4. 49 SEBI approved the new Corporate Governance norms ........................................ 50 WTA rankings: Li Na climbs to World No....................................................................... 55 P............................................................................................................. Chacko committee: To recommend punitive measures for the pepper spray incident in the Parliament....... 56 “ModiNomics” – Sameer Kochhar’s book launched......................... 44 Mr....C................................. 47 Odisha Lokayukta Bill 2014 passed by the Assembly of the state ....... 59 India’s First Minority Cyber Village inaugurated in Rajasthan........................................................................................... 43 BSE launched Institutional Trading Platform (ITP) on SME. Guocheng Zhang bagged International Gandhi Award 2013 .................... 55 Vizag Zoo: Soon......................................................................... 58 Cabinet nod for Equal Opportunity Commission & Coal Regulator.................. 52 Football Legend “Sir Tom Finney”: Former Preston and England winger passed away ... 56 Dua’s layer: Dr..... 57 Mr................................................ 55 Purushottam Express will get first Braille signage coach in India .......................com Study: Titled “Climbing behavior in extant crocodiles” .............. 57 “Asteroid 2000 Em26”: Potentially hazardous space rock safely passed by Earth......... Arvind Kejriwal resigned as Delhi CM ............................................................................................. 48 Hillary R Clinton launched a new global review of data on women empowerment ..............2 spot........... 57 MSME Ministry to launch virtual network to link clusters ............................................. 54 Dr............................................................................9% in 2013-14 ............................... 42 “India-China Year of Friendly Exchanges” launched by Vice President of India ............... 50 TUSHANT GARG......................................................................................................................................................................... 54 Avinash Arun’s Marathi film “Killa” won Crystal Bear award at Berlin Fest ....................................................................... VV Dongre and Prof........................................................... 58 Parliament nod to bill to protect rights of street vendors.................. 46 India’s Air Costa signed an agreement to buy 50 Embraer Jets . 46 Union Government okayed two plants to manufacture Semiconductor chips........................................................................ Harminder Singh Dua.......................... 59 Facebook announces purchase of WhatsApp for $19bn.......... 53 Highlights of interim Union Budget 2014-2015 Tax proposal.......................................................... Email address: gargtushant@gmail.............................................................gktoday.......... 43 Acenture study: India ranked 8th in demand for digital governance ...................................in 4|Page ............................................. 50 Belgium became second country to allow Mercy Killing for children .................................................. 48 ‘1093’ – Delhi Police launched a Helpline number for North-Eastern People ............................................................................................................................................................................................. 43 India and ADB signed loan agreement to improve rural roads in 5 States .........................................................Current Affairs Compendium February 2014 Major General Kosnam Himalaya Singh................................. Indian origin UK doctor discovered new layer of cornea .........................................................

..................... 68 CCEA nod to convert 7..... 72 Chinese New Year 2014 – “Year of the Horse” January 31........................................................... 63 Quadricycles to ply from October 1.................................... 69 “Indira Paryavaran Bhawan” inaugurated by Dr.................................................. 70 What is Tizen? – “Samsung launched Tizen-powered smart watches” .............. 2014 ........................................................................................................................................................................................................................................P............200 km of state roads to highways........ 62 Connaught Place: World’s 8th costliest office location in 2013 .................. 60 SC: People from any religious background are free to adopt child ........................................................................................................................................................................................... 72 “Water...........................................Current Affairs Compendium February 2014 Study: Fertilization destabilizes Global Grassland Ecosystems ... 64 IMF projected India’s FY’15 growth at 5................................................. 69 Cricketer Cheteshwar Pujara: Brand ambassador of Gujarat Election Commission................................................ 64 Sikkim: Best State in implementation of rural tourism projects.................................. 62 Goverment directs banks: ‘Don’t publish pics of education loan defaulters’ .................. 68 Ms Lakshmi Swaminathan : First Indian President of Administrative Tribunal of the Asian Development Bank (ADB) ................................................................... 68 Target Accelerator Programme (TAP) launched first accelerator programme for Indian start-ups 69 India and Canada inked 3 pacts to enhance business and cultural ties ................ 67 “e-wallet Scheme” launched by IRCTC ................. 71 Euthanasia Plea issue: Apex Court refers matter to constitution bench ............................ 65 Ashok Kumar Mathur-7th Pay Commission: Cabinet approved merger of 50% DA with Pay and 7th Pay Commission Terms of Reference ..........................................................................................................................................................................................................................to preserve donated organs”....................... Rishang Keishing: India’s oldest Parliamentarian retired after serving seven decades............. 61 “Email Miles”.......................................... 64 “Patna” – World’s Longest Free Wi-Fi Zone in India ..................................................... 61 India and Bahrain signed three pacts to boost bilateral ties . 66 “SOMAH Solution.....in 5|Page .............................................. 63 “Odia”.................................................Mr.................... . 65 Sri Lanka makes graphic warning on cigarette packs mandatory..4% ............................................................................................................................. Brahma Chellaney’s book launched.... 66 Sochi 2014: Russia topped medal table as Winter Olympics came to an end............................................................. Peace and War – Confronting the Global Water Crisis” Mr............................................................................gktoday........................................................................... developed by Indian origin doctor Dr........... 67 ATP Delhi open: Somdev Devvarman wins single’s title .......... 61 “Taj Mahotsav 2014” ... 70 “1322”................................................................................... 66 Mr................................... 2014 © 2014 www.................................................................................American Scientist Sangeeta Bhatia developed cheap paper diagnostic for cancer ....... 67 Whistleblowers Protection Bill 2014: Passed by Parliament ................. 66 TUSHANT GARG......................... Vijay Darda’s book released by Vice President of India ...................com M................ 68 ISRO: Experimental launch of GLSV Mark III in May/June . 60 “Public Issues before Parliament”...........................Tracks how far our email has traveled ........ Manmohan Singh .......... Hemant Thatte........................................... 62 ASI & Google jointly launched the 360 Degree Online View of Indian Heritage Sites ..........................................6th Indian classical language .............security helpline number launched by Northern Railway for passengers ..Bezbaruah Committee: For protection of rights of North Eastern people ........................... 71 Indian............................................................................................ Email address: gargtushant@gmail. 65 Online shopping portal for authentic tribal products launched........

the paper fades back to a plain sheet of white paper. At 70 degree Celsius . As per the Chinese tradition. while at higher temperature. gold and purple. and gregariousness. using a syringe. It begins on the first day of the first lunar month (usually in late January or early February) and ends on the 15th day of the first lunar month (Lantern Festival). Email address: gargtushant@gmail. It is commonly celebrated by Chinese people across the globe. The establishment of NAWADCO is a follow up of ‘Sachar Committee’ recommendations. instead of ink. and this year it fall on January 31. which is said to bring prosperity and wealth. At present. Category Best album of the year Best record of the year Best song of the year Best new artist Children’s Album Best Pop solo performance Best Pop Duo/Group Performance Album Random access memories Get Lucky Royals Throw a Penny in the Wishing Well Royals Get Lucky Artist Daft Punk Daft Punk . is the most important traditional festival in China. The technology does not require changing a printer but only replacing the ink in the cartridge with H20. 2014 The 56th Annual Grammy Awards were held on. the print would fade away in 22 hours. National Waqf Development Corporation Limited (NAWADCO): © 2014 www. Mr. at the Staples Center in Los Angeles. The horse signifies kindness. also known as Chinese New Year. across China. China have invented a printer that uses water to print. The Spring Festival. supervised the work. The Chinese New Year is celebrated on the first day of the Chinese calendar. allowing it to be re-used. the Lunar New Year is an ideal moment visit in temple to pray and put incense sticks in place.in 6|Page .com National Waqf Development Corporation Limited (NAWADCO) inaugurated by Prime Minister February 1. fading the pages instantaneously for re-printing.Current Affairs Compendium February 2014 Chinese people marked the arrival of the “New Lunar Year” generally considered an auspicious time. Though. The scientists are also working on a machine that will heat pre-printed sheets of paper as they are fed into the machine. The “water-jet” technology is capable of reprinting numerous times.grammy. it would fade faster. 2014 Scientists of the Jilin University. • • • • • • Within a day. This year the Grammy Awards weren’t just about the music and they were also about making a statement in the same-sex marriage debate. What technology applies in the water-jet printer? In the water-jet printer. they can only print in one hue at a time.gktoday. the colour disappears within about 30 seconds. The technology is ideal for documents that are printed to be read once and then discarded.blue. Their next step is to improve both the resolution and the duration of the print. Pharrell Williams and Nile Rodgers Lorde Macklemore and Ryan Lewis Jennifer Gasoi Lorde Daft Punk & Pharrell Williams For complete list of Winners and Nominees kindly visit: http://www. Sean Xiao-An Zhang. which is treated with an invisible dye that colours upon exposure to water and later disappears. the used paper fades back to white which makes it reusable. many papers (40% of office Prints) are throwing into the dustbin after the single reading. It is a long-held traditional holiday for the Chinese people. TUSHANT GARG. Manmohan Singh inaugurated National Waqf Development Corporation Limited (NAWADCO). 2014 Prime Minister Dr. After about 22 hours. The NAWADCO is termed as an important institution for the development ofWaqf properties and for the community welfare. blue print in less than one second upon application of water. magenta. This year is the Year of the Horse. Hong Kong and Taiwan. spares people their money and saves trees. Chinese scientists invented ‘Water-jet’ printer February 1. the technology work is the paper.com 56th Grammy Awards 2014 February 1. particularly of Muslims inIndia. there are four water-printed colours . As per the statistics. a new Central Public Sector Enterprise under the Ministry of Minority Affairs. strength. At temperature lesser than 35 degree Celsius. It uses a dye compound called oxazolidine that gives a clear. A chemistry professor.

FPIs. Objective: To facilitate and mobilize financial resources for the development of Waqf properties for community development purposes in a joint venture with the State/ Union Territory Waqf Boards and the Mutawallis. 2013 and made administration of Waqf properties transparent. The Central Board of Direct Taxes notified that the new class of investors. TUSHANT GARG. the Waqf Boards and the Muthawallis were not having the financial resources to develop the properties leading to encroachments. if properly developed. As per their risk profiles. The new class would be given a permanent registration. Global Intellectual Property Centre (GIPC) International IP Index ranked India lowest amongst the countries assessed for protection and enforcement of Intellectual Property Practices. India ranked lowest in US chamber’s global IP index February 1. and other registration procedures would be much simpler for FPIs compared to the current practices. and provide access to the creations and inventions of the 21st century. as the country continues to allow for the deterioration of its IP climate. There are more than 4. As per the new norms:- • • FPIs have been divided into three categories as per their risk profile and the KYC (Know Your Client) requirements. The Act will also provide an enabling environment for development and utilization of Waqf lands for welfare of minorities. promote innovation. the Indian Government enacted the Waqf (Amendment) Act. These donated assets / grants ( known as “Mushrut-ul-Khidmat”) are held by a charitable trust. Qualified Foreign Investors (QFIs).3.5 amongst 25 countries surveyed. etc. with a minimum return of 10%. What is “Waqf” ? as “Waqif/ Wakif”.com None of the 25 countries surveyed received a perfect score of 30. FPIs are divided into three categories. India continued to score lowest. In both the 2012 and 2014 GIPC Index. would be treated as FIIs under the Income Tax Act. their sub-accounts and Qualified Foreign Investors (QFIs). India scored 6. etc. the USreceived the highest score of 28. Till yet. most notably in categories relating to patents. Ranking is based on efforts to protect the copyrights and patents that protect goods and services ranging from pharmaceuticals to software to Hollywood films. Category II – regulated entities such as university funds. These are as follows:- • • • Category I .163 crores. © 2014 www.500 Crore with a paid up capital of Rs.in 7|Page . The tax rate for FPIs would be the same as that extended to FIIs. Global Intellectual Property Centre (GIPC) International IP Index The GIPC Index provides an updated roadmap for economies seeking to create jobs. who were subjected to higher tax rate earlier. 1961.100 crore. The Sachar Committee has estimated that such properties. FPIs brought together all the three investment categories — Foreign Institutional Investors (FIIs). The new system would be especially beneficial for QFIs. university-related endowments and pension funds. National Minority Development and Finance Corporation (NMDFC) have 49% shares in NAWADCO. 2014 For the second consecutive year. ensure safety. Uniform tax rate for foreign portfolio investors February 1. making it the global leader in protecting IP. India finished last in both editions.gktoday. Recently. In the second edition of the chamber’s GIPC index.Current Affairs Compendium February 2014 • • • Established with Authorized Share Capital of Rs. is basically donating (a building/ plot of land/ cash) for Muslim religious/ charitable purposes. 2014 The Union Government stated that Foreign Portfolio Investors (FPIs) will attract uniform tax rate in all categories. would be capable of generating an income of Rs 12.000 crore per annum. The person who makes the grant/ Mushrut-ul-Khidmat is known #Note: India has the largest number of Waqf properties in the world. A waqf/ wakf. copyrights and international treaties.9 lakh registered Auqaf (Waqf properties) and the current annual income from these properties is about Rs. Category III – other entities viz.95 points out of a maximum 30 while US topped with 28.the lowest risk entities comprises foreign government and government-related foreign investors. as against the current practice of granting approvals for one year or five years to the overseas entities seeking to invest in Indian markets. Email address: gargtushant@gmail.

private. Email address: gargtushant@gmail. It’s 5th time that India have not won a match in a five-match (or more) bilateral series. Last time they failed to win even a single match in a bilateral series involving five or more matches. This initiative will be kick-started through self-help groups working with women farmers engaged in traditional agriculture.D Tata. Uses an innovative digital platform for community engagement to improve livelihoods of rural communities across South Asia and subSaharan Africa. The change in BPO market ranking could happen either in the just-concluded December quarter or the ongoing January-March quarter. Objective: To provide strategic direction. peer-to-peer learning processes which seek to empower poor households for increasing productivity and incomes sustainably. Its innovative ICT-based approach focuses on low-cost and effective. tied one and one game was abandoned.com efficient. drug development. About Digital Green • • • • • • An international. was in England in 2011. It builds on and strengthens the existing extension systems of public. retail and consumer packaged goods. replacing long-time leader Genpact. Purpose: To exchange the relevant livelihood practices among rural communities under the National Rural Livelihood Mission (NRLM). Headquarters: Mumbai. Offers: BPO services for the banking. 2014 The Union Ministry of Rural Development signed a Memorandum of Understanding (MoU) with Digital Green (Microsoft Research Project) to document best agricultural practices and disseminates this to all rural agricultural households headed by women. when they lost three matches. © 2014 www. TCS bought the captive BPO arm of Citigroup for $505 million in October 2008. India suffered worst ODI series defeat against New Zealand February 2. one of the largest acquisitions in the IT-BPO space till then. non-profit development organization. and coordination of the development. private. supported byBill and Melinda Gates Foundation. In the new tax regime. media and manufacturing. Founded: 1968 by J. share solutions and highlight success stories. management. Operates in 46 countries and has 199 branches across the world. there would be no deduction of tax at source on income earned by way of capital gains by FPIs (including erstwhile QFIs) but a discharge of tax by QFIs themselves only post which remittances outside India would be permitted. business solutions and consulting company. 2014 Indian cricket team slumped to its worst ODI series defeat in New Zealand. and civil society organizations and strengthens them to be more effective and GARG. Builds on the existing extension systems ofTUSHANT public. India has now gone without a win in seven consecutive ODIs that have ended in a result. • Including this defeat. Mission: to integrate innovative technology with global development efforts to improve human well being.Current Affairs Compendium February 2014 • Such registration would be permanent unless suspended or cancelled by SEBI or surrendered by the FPI. and monitoring of Digital Green’s livelihood-related activities.in 8|Page . Tata Consultancy Services (TCS) • • • • • An Indian multinational information technology (IT) services. successful implementation. New Zealand won the series by 4-0 in Wellington by thrashing India by 87 runs in the fifth and final ODI. telecom. financial and insurance sector.R. Ford Foundation and Government of India. Focus on: Training farmers to make and show short videos where they record their problems. TCS set to replace Genpact as top BPO February 1. 2014 The BPO unit of Tata Consultancy Services (TCS) is set to take the No.gktoday. Maharashtra. and civil society organizations to be more effective and efficient. MoU signed between Union Ministry of Rural Development and Digital Green February 1. non-timber forest produce and livestock projects. It has invested in building domain expertise and made acquisitions to fill gaps in their portfolio. 1 slot in the business category in India.

is the other batsman to achieve this feat. IAMAI: India to have 243 million internet users by June 2014 February 2. President: Dr. Before that. Every state will now have to make appointments of cadre officers on the recommendation of a Civil Services Board constituted by it under chairmanship of the chief secretary. obtain comments or views of the officer proposed to be transferred. IAMAI expects the number of mobile internet users to touch 185 million by June 2014. Purpose: To improve and expand the value added services pertaining to mobiles and several online services. Maharashtra. a growth of about 92% from 68 million in 2012. appointed to any cadre post. A cadre officer. Officers of IAS. The three men ahead of him in the list are famous compatriots Sachin Tendulkar and Sourav Ganguly and the West Indian legend Brian Lara. 2014 As per the Internet and Mobile Association of India (IAMAI). Founded: 2004. Put forward the problems and requirements of the businesses to the consumers. 2. from 150 million in 2012. 2014 In a bid to check political interference. The growth of Internet users has also led to a substantial growth of other digital industries such as e-commerce and digital advertising. Subho Ray. and not recommend premature transfer unless satisfied with the reasons. The new rules aimed at checking interference. the competent authority may reject the recommendation of the board by recording the reasons for the same. Internet and Mobile Association of India (IAMAI) • • • • • • Not-for-profit industry body registered under the Societies Act.political Email address: gargtushant@gmail. accounting for about 76% of the internet user base in the country. Now. Headquarters: Mumbai. investors and the Government of India. The DoPT stated that any exception in the form of transfers or new appointments will only be done upon the recommendation of a civil services board. Under the new rules circulated by Department of Personnel and Training (DoPT). to consider questions of transfer of the said civil services officers.in 9|Page . • The board shall also submit a quarterly report to the Centre giving details of officers recommended to be transferred before the minimum tenure and the reasons thereof. New Zealand player. retired or sent on deputation outside the state or for training exceeding two months. The study projects the online advertising market in India to touch Rs. © 2014 www. mobile internet users accounted for 130 million in 2013. Indian captain Mahendra Singh Dhoni became the fourth fastest batsman to complete 8. shall hold the office for at least two years unless he or she is promoted. 2013. transfers and postings before two years can be done by a Civil Services Board to be constituted by states. the Internet user base in the country stood at 190 million at the end of June. Excerpts from the amended rules for IAS/IPS/IFoS cadre:- • • • • • • The Centre or the state government may transfer a cadre officer before the minimum specified period on the recommendation of the Civil Services Board Though. shareholders. the internet user base grew 42% to 213 million. officers of the three premier services – IAS. Of the total user base. 1986. States have to constitute a civil services board.000 runs in one-day cricket during the fifth and final ODI against New Zealand in Wellington. For the whole year 2013.Current Affairs Compendium February 2014 • • This is only the third time New Zealand have finished unbeaten in a series in which they have played five or more matches.com The Civil Services Board could seek justification from the administrative department of the concerned state for premature transfers. IPS and IFS – will now spend a minimum of two years at each posting. Dhoni has taken 214 innings to touch the landmark. IPS & IFS to spend minimum of 2 Years at each posting February 2.938 crore by March 2014. Pakistan’s Yasir Hameed hit four fifties and a century in a five-match series against New Zealand in 2003-04. which is to be headed by the chief secretary. TUSHANT GARG. Kane Williamson became only the second batsman in ODIs to hit fifty-plus scores in all the matches of a five-match series.gktoday.

Japanese become legal tender. spacious footboards. © 2014 www. Founder of Super30 bestowed with the prestigious Ramanujan Mathematics award February 3. Rider can also shut off the rear drive and move on electric power front wheel-drive in towns and cities. It comes with an electric drive at front wheel for off-road conditions. • • • • • Hero Dash is a Maestro-sized scooter has an 111cc 4-stroke 8.com T20 matches involving Associate and Affiliate Members. It has 12-inch tyres and a 6-litre fuel tank. individuals and corporate can also open accounts denominated in the Australian Dollar (AUD). Kiwi Kathy Cross: First woman in ICC umpire’s panel February 2. Cross and Nigel Morrison have joined Sameer Bandekar. Yen (JPY) and Australian Dollar (AUD) and soon these Indian will currencies The central bank of Zimbabwe advised the exporters and the general transacting public that in addition to open accounts denominated in Botswana Pula. Indian Rupee (INR) and Japanese Yen (JPY). Zimbabwe accepted the US dollar and the South African rand as the main legal tender. Intercontinental Cup matches.4Nm engine. which helped the country to stabilize the economy after world-record inflation threw it into a tailspin. Features: wide. which is powered by an electric battery pack to give the rider a unique two wheel drive option for off road and slushy road conditions. About RNT 150cc diesel motorcycle Has a hub electric motor on the front wheel. The concept unveiled along with four more products – Leap (hybrid scooter) and 250 cc bike HXR250R are completely new products. Renowned atomic scientist Pitamber Patel and famous scientist J J Rawal presented the cash award of Rs 20. Anand Kumar bestowed with the prestigious 2014 Ramanujan Mathematics Award at the 8th National Mathematics Convention organized by a Rajkot-based school. Hero Leap is a petrol-hybrid has a 3-litre fuel tank. David Odhiambo. flat-loading surfaces. as well as Development Events. The umpires on the ICC Associate and Affiliate Panel of International Umpires can be assigned to ODI and TUSHANT GARG. Previously. United States Dollar. Mark Hawthorne. The addition of four Asian currencies to the international currencies stands to nine which are circulating in the country. Richard Smith.gktoday. Pepsi ICC World Cricket League Divisions 3 to 6 and other Associate and Affiliate tournaments. 2014 The Reserve Bank of Zimbabwe approved domestic trading in the Chinese Yuan (CYN). 2014 The two-wheeler maker. Note: Zimbabwe was forced to abandon its own currency in 2009 amid chronic hyper-inflation and a deep economic crisis and introduced a basket of foreign currencies dominated by the US dollar. Till now. British Sterling Pound. Hero MotoCorp unveiled diesel concept motorcycle February 3. The bike boasts of a power take-off shaft which can be used to drive a generator or water pump. while Dash (110cc scooter) and Xtreme Sports (150cc bike) models are based on existing platforms. Ms. Comes with Hero’s Integrated Braking. Buddhi Pradhan. Email address: gargtushant@gmail. 2014 New Zealand’s Kathy Cross (56) became the first woman to be inducted in the International Cricket Council‘s (ICC’s) umpires’ panel. It weighs in at 140kg and will be launched by the next fiscal year. removable secondary LED headlight and a large.in 10 | P a g e .4PS/9. Ms.Current Affairs Compendium February 2014 Indian Rupee to be legal tender in Zimbabwe February 2. she was officiated in the Women’s World Cup in Australia in 2009 and in India in 2013. multi-use folding side racks. Ian Ramage and Courtney Young in the panel for 2014. Wynand Louw. Rupee(INR). 2014 Leading mathematician and founder of Super30 classes Mr. Euro. Chinese Yuan (CYN). which is probably the world’s first and smallest diesel engine for two-wheelers. Drum brakes on both the ends. The panel was named by the Associate and Affiliate SelectionCommittee. comfortable seat. South African Rand.000 to Kumar. Sarika Siva Prasad. ‘RNT’. Hero MotoCorp unveiled a diesel-electric hybrid scooter concept.

This is the first time researchers have ever sequenced the entire microbiome of a butterfly. Thus. for the current fiscal (2013-14) the total number of subsidized cylinders available for each household will be restricted to 11. and their transformation from caterpillar to chrysalis to winged adult is one of the most remarkable phenomena of the natural world. Kumar. Butterfly Bacteria Study revealed certain surprises about Metamorphosis February 3.86 million barrels per day of crude oil imports. The new study that has sequenced internal bacteria makeup of a butterfly has revealed some surprise discoveries about metamorphosis. known to be rich in amino acids.in 11 | P a g e . LPG subsidy. as there are only two more months left. and nobody should be deprived of any such facilities for want of the card. It also rejected the review petition filed by the government on this issue.gktoday. They feed on pollen.com Butterflies are ‘microbial habitats’ for bacteria. Why the red postman butterfly chose by scientists to study bacteria? Typically. Email about address: gargtushant@gmail. etc. vehicle registration. The increase in cap of cylinders will mean that LPG (Liquified Petroleum Gas) will be available at a subsidized rate for 97 % of its total consumer base of 140 million. Objective of study: To help the agriculture industry understands why butterflies and caterpillars can be damaging to crops. parasites and pathogens. is founder of Super30. India became world’s No. scholarships. the Supreme Court ruled that that Aadhaar cards or Unique Identification number (UID) could not be made mandatory for people to get services or benefits under Government schemes viz. etc and was thrice invited jointly by the Mathematical Association of America and the American Mathematical Society to present his papers. The increases quoto will add another Rs 5. 2014 The Cabinet Committee on Economic Affairs (CCEA) increased the quota of subsidized domestic LPG cylinders to 12 from 9 annually per household. the internal bacteria then doubled again when it went from the chrysalis into butterfly adulthood. salaries and provident fund. It has shown that the internal microbial make-up of the red postman butterfly changed dramatically from caterpillar to pupa to adult.Current Affairs Compendium February 2014 • • Mr. Govt. • • • The increased subsidy cap will be effective from February 1. In other words. TUSHANT GARG. Note: In September 2013. expected to be Rs 141. who is a native of Bihar. Objective of the study: The communities of bacteria inhabiting other insects have been shown to affect host nutrition. Also known as the pupil stage. the microbial community simplified and reorganized itself during the transition from caterpillar to pupa.000 crore to the burgeoning subsidy burden on petroleum products. consumers will continue to pay only the subsidized price to their LPG distributors and in turn the public sector oil marketing company will get the subsidy from the Government. However. His papers published in a number of international journals viz. marriage registration. Mathematical Spectrum and Mathematical Gazette of the UK.3 crude importer February 3. which imparts free residential mentoring to 30 selected students from underprivileged families for IIT entrance exam and has achievedinternational recognition for social awakening. The diversity double after the adult butterflies had emerged and began going their business of feeding. As per the study • • • The red postman’s internal bacteria split in half upon transitioning from caterpillar to chrysalis. transfer benefits. Note: The Ramanujan Mathematics Award is given to a person who has at least three papers published in international journals and is involved in teaching mathematics.000 crore this financial year. suspended LPG subsidy transfer scheme and hiked cylinder quota February 3. India has overtaken Japan as the world’s third-biggest crude oil importer in 2013. • • The red postman is a tropical butterfly found commonly in Central and South America. Scientific name: Heliconius erato. 2014 With 3. Though. detoxification and defensefrom predators. food security. 2014 Scientists from the University of Colorado Boulder sequenced the bacteria of the red postman butterfly to learn more about the insect’s three major stages of life. © 2014 www. the red postman butterflies can extract nutrients from the pollen and greatly extend its life. Butterflies are ecologically and scientifically important. digestion. • The Union Government also suspended the direct transfer of LPG subsidy into the consumers’ bank accounts linked to Aadhaar unique identity numbers. butterflies feed on nectar and have very short lifespan.

2014 India and Fiji 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. India and Fiji inkedd DTAA (Double Taxation Avoidance Agreement) February 3. Bharat Petroleum. V.24 million barrels per day India:India imports 3. It takes 40 minutes at present but the monorail will take only about 21 minutes. Average speed: 65 km/hr. 2014 Agriculture Ministry issued detailed guidelines and strategy to be adopted for implementation of the National Mission on Oilseeds and Oil Palm (NMOOP). • It will provide tax stability to the residents of India and Fiji and facilitate mutual economic cooperation. Will be able to carry about 2.com Inter-cropping during gestation period of oil palm and tree borne oilseeds would provide economic return to the farmers when there is no production. Use the fallow land after paddy /potato cultivation. Civil Aviation and Tourism. Sayed-Khaiyum also holds charges of Communications. Inter-cropping of oilseeds with cereals/ pulses/ sugarcane. Expected to reduce the travel time between Wadala and Chembur by almost half. • • • • The first phase of the monorail covered seven stations: Wadala depot.64 million bpd (211.86 million barrels per day Japan:Japan imports 3. and Chembur. technology and services between both countries. India’s first monorail inaugurated in Mumbai February 5.gktoday. Maximum speed: 80 km/hr. Mr. Strategy to implement the proposed NMOOP Mission: • • • • • • • • Increase Seed Replacement Ratio (SRR) with focus on Varietal Replacement. Expand the cultivation of Oil Palm and tree borne oilseeds in watersheds and wastelands. Sanctioned: Rs.710 kilolitres).S. The move will also stimulate the flow of investment. Process tree borne oilseeds. The monorail service that would link the city to major stations began its first phase of 8. The agreement also incorporates provisions for an effective exchange of information and assistance in collection of taxes between tax authorities of the two countries including exchange of banking information. Agriculture Ministry Issues Detailed Guidelines for NMOOP February 3. Public Enterprises. Email address: gargtushant@gmail. Diversification of area from low yielding cereals crops to oilseeds crops. Mysore Colony.30 million barrels per day U. Increase availability of quality planting material enhancing procurement of oilseeds and collection. Chidambaram and Fiji’s Minister of Justice.64 million barrels per day Germany:Germany imports 2.93 km betweenWadala and Chembur in the eastern fringes of the Commercial Capital. © 2014 www. The DTAA signed in New Delhi by the Finance Minister P. BhaktiPark. 5 and Rs. 3507 crore under 12th plan. The fares will be between Rs. Fertiliser Colony.500 passengers (each car will accommodate 568 commuters). 2014 India’s first monorail service started in Mumbai. TUSHANT GARG. Second phase – connecting Wadala with Sant Gadge Maharaj Chowk in South Mumbai will be completed by mid-2015. Purav Marg. and Industry and Trade Aiyaz Sayed-Khaiyum. The Centre and States will bear costs in the ratio of 75:25.67 million barrels per day India’s imports were nearly 6% higher than Japan’s customs-cleared imports of 3.Current Affairs Compendium February 2014 World’s Top Five Oil-Importing Countries: • • • • • China:China imports 6. Increase irrigation coverage under oilseeds from 26% to 36%.N. Objective: To enhance production of traditional oilseed and tree-borne oilseed and also significant area is sought to be brought under oil palm. 11.716.A:USA imports 6.in 12 | P a g e .

while other countries surrounding the sea also have claims to the area and are in dispute with China. 2014 Rajasthan scrapped the approval given by the previous Congress government for Foreign Direct Investment (FDI) in multi-brand retailing.000-sq-km drug-free “safe zone”. Manipur. • China claims the South China Sea in its entirety. 2014 The Saving Asia’s Vultures from Extinction (SAVE) programme declared that it has plans to release up to 25 birds into a 30. Australia and Malaysia that run monorails. do not have a critical enzyme that breaks down diclofenac and die of renal failure after eating carcasses of cattle administered the drug. Note: After the launch of Mumbai monorail. Email address: gargtushant@gmail. Haryana. US warned China against move to declare new ADIZ over South China Sea February 5. The comments were made after the reports of Japanese media that stated that China is preparing to announce another defense zone in the area. Germany. The overall monorail project covers a 19. which have a digestive system robust enough to even digest disease-causing pathogens found in rotting meat of dead. In order to ensure that the species affected do not disappear completely from the wild. which will be the second longest corridor with 17 stations. SAVE identified a number of priorities viz.gktoday. India joined the elite group of countries viz.17 km stretch in the Chembur-Wadala-Jacob Circle corridor. After Delhi. Acharya Atra Nagar. Himachal Pradesh. The project executed by a consortium of engineering major Larsen and Toubro Ltd (L&T) and Malaysian firm Scomi Engineering and owned and operated by Mumbai Metropolitan Region Development Authority (MMRDA). the U. GTB Nagar. which are driven by territorial disputes with the neighboring countries. Mint Colony. Vultures. a painkilling drug administered to cattle. Note: The states that allow global retailers to open supermarket chains (mostly Congress-led) viz.Current Affairs Compendium February 2014 • • • It will cover a distance of 11.com The United States of America (USA) warned China against any move to declare a new Air Defense Identification Zone (ADIZ) over the South China Sea including disputed islands. or the vehicles travelling on such a beam or track. which acts as its sole support and its guideway. © 2014 www. China. etc. China’s new air defense zone over the East China Sea is creating tensions in the world’s most geo-politically sensitive areas that includes the disputed Diaoyu or Senkaku islands in the East China Sea. The term is also used variously to describe the beam of the system. which are controlled by Japan and but claimed by China. Vultures feeding on cattle either die from acute kidney failure within a few days or lose their ability to reproduce. After Delhi. Chembur Naka. Recently. A project hopes to start releasing captive-bred birds into the wild by 2016. Why Asian vulture population is declining? • • • Diclofenac. Fertilizer Company and Bharat Petroleum. Establishment of a captive-breeding programme that would provide the birds to be released back into the wider environment. Mumbai monorail will display three colours — pink. Rajasthan. The areas have a radius of 100km and the consortium has identified six such areas – some of which cross national borders into Nepal. is the main cause of mass extinction of vultures. Saving Asia’s Vultures from Extinction (SAVE) February 5. 2014 TUSHANT GARG. What is Monorail? A monorail is a rail-based transportation system based on a single rail. Maharashtra. Wadala Bridge.. • • To establish a number of vast “safe zones” for the captive-bred birds to be released within. Japan. Rajasthan became the second state. once it was safe to do so. (The longest one is Japan’s Osaka Monorail). green and blue.2 km and include the following 11 stations: Chinchpokli. Pakistan and Bangladesh. Rajasthan became 2nd state to withdraw approval for FDI in multi-brand retail February 5.in 13 | P a g e . and the submerged Leodo reef. Wadala. Antop Hill. Karnataka. Andhra Pradesh. which is under South Korea’s control.S. At present. the Aam Admi Party Government in Delhi had repealed the decision to allow FDI in retail and told the Centre that it would not allow foreign supermarkets in the Capital as they would destroy the local markets and close down neighbourhood shops and kirana stores. The beam in a monorail system is narrower than the vehicle. after experiencing the devastation wrought by a drug on Asian vulture populations. to withdraw approval for FDI in multi-brand retail following a change of government after the assembly elections held in November-December.

the overdue receivables representing positive mark-to-market value of a derivative contract. regional and international organizations. The most common species of vultures in South Asia: • • • • • Long-billed vulture (Gyps indicus). National Trust for Nature Conservation (Nepal). About Financial Sector Legislative Reforms Commission (FSLRC) report: • • Headed by former Justice B. 2006. What are Non performing Assets (NPA)? Any asset. Red-headed vulture (Sarcogyps calvushave). Email address: gargtushant@gmail.in 14 | P a g e . New Maharashtra law for recovery of bad loans February 5. campaigning and fundraising activities to help the plight of south Asia’s vultures.Current Affairs Compendium February 2014 In 2006. TUSHANT GARG.As per RBI guidelines. Net NPA = Gross NPA – (Balance in Interest Suspense account + DICGC/ECGC claims received and held pending adjustment + Part payment received and kept in suspense account + Total provisions held). About SAVE (Saving Asia’s Vultures from Extinction) • • • The consortium of like-minded. The amount of liquidity facility remains outstanding for more than 90 days. including a leased asset. becomes a non performing when it ceases to generate income for the bank are called Non Performing Assets or Bad loans. NPA is defined as under: • • • • • • • • Non performing asset (NPA) is a loan or an advance where: Interest and/ or installment of principal remain overdue for a period of more than 90 days in respect of a term loan. The account remains ‘out of order’ in respect of an Overdraft/Cash Credit (OD/CC). which is toxic to any vulture that feeds on the carcass of recently treated cattle. Suggest changes or modifications to the extant framework in compliance with the 14 NLR. RSPB (UK).Srikrishna Committee recommendations to be reviewed by a 9-member IRDA panel February 5.N. © 2014 www. stated that the drug continues to be sold and used illegally today. created to oversee and co-ordinate conservation. in respect of a securitization transaction undertaken in terms of guidelines on securitization dated February 1. International Union for Conservation of Nature (IUCN) has put vultures on its list of ‘critically endangered’ species. Identify the gaps and possible improvements in the extant framework vis-a-vis the 14 NLR. International Centre for Birds of Prey (UK) and Zoological Society of London. SAVE partners:Bombay Natural History Society. The role of panel is to: • • • Examine the extant legislative and regulatory framework in compliance 14 Non-Legislative Recommendations (NLRs). Objective: To save three critically important species from extinction through a single programme. White-backed vulture (Gyps africanus). 2014 The Insurance Regulatory and Development Authority (IRDA) set up a 9-member panle to review the 14 non-legislative recommendations made by theFinancial Sector Legislative Reforms Commission (FSLRC). The bill remains overdue for a period of more than 90 days in the case of bills purchased and discounted. India banned the use of veterinary drug “Diclofenac”.com Justice B. 2014 Maharashtra government appointed a committee to bring a legislation that will improve the recovery of loans given as part of government schemes. if these remain unpaid for a period of 90 days from the specified due date for payment.Srikrishna Contains 12 key proposals and these do not require legislative changes. but SAVE in its study. The installment of principal or interest there on remains overdue for two crop seasons for short duration crops. Egyptian vulture (Neophron percnopterus). In respect of derivative transactions.gktoday. It will not be applicable to agricultural and other loans. Slender-billed vulture (Gyps tenuirostris). also known as the Indian vulture. The installment of principal or interest there on remains overdue for one crop season for long duration crops. The proposed legislation will create a mechanism for forceful recoveries of loans given under government schemes. Bird Conservation Nepal.N.

Diamond trade. Sahara group claims to create 56. Use of diamonds as currency . This has bearing on the potential to launder large amounts of money through the diamond trade and also on the level of risks of the diamonds trade. as an international phenomenon. education and cruises (Sahara Water Homes). Regulators should also put in place internal manuals on conducting investigations. jewelry manufacturing and jewelry retailers. TUSHANT GARG.Diamonds are difficult to trace and can provide anonymity in transactions. The proposals that called for penalties discourage the future violations as a multiple of the illegitimate gain of violations. of international and multi-jurisdictional nature. In these countries trade accounts of diamond business are being used to launder illegal funds to the tune of millions of dollars.in 15 | P a g e .394 crore. Hong Kong. CSR. needed a complete and global analysis to understand and determine money laundering and terrorist financing threats and vulnerabilities related to this unique trade. food factory. low-cost housing. The investigating officer would be kept different from the officer who would decide the penalty for the crime. Email address: gargtushant@gmail. FATF released report on Money Laundering & Terrorist Financing February 5. In cases of suspicious money laundering instances of diamond trade. • • The businesses for which job applications will be invited are FMCG & retail. Excerpts of the Paris-based FATF report • • China and India are major markets where diamond trade is done on a large scale.000 jobs February 5.400 crore. • • High amounts – the trade in diamonds can reach tens of millions to billions of dollars. Level of awareness – law enforcement and AML / CFT authorities. Objective: To identify the Money Laundering and Terrorist Financing (ML/TF) vulnerabilities and risks of the “diamond pipeline” that covers all sectors in the diamond trade: production.gktoday. Canada and the USA has reported instances where diamond prices were overvalued for purposes of laundering and suspected financing. Belgium. luxury real estate & lifestyle. China is a destination for illicit cash flows related to the diamond trade. It also claimed that the group is committed to creating four lakh salaried positions in next three years. Israel and Switzerlandto the UAE. • The group invited applications for senior positions across businessverticals within and outside the country and stated that these more than 56. © 2014 www. Israel. the funds transfer occurred from India. rough diamond sales. In these specific cases. Trade Based Money Laundering (TBML) – the specific characteristics of diamonds as a commodity and the significant proportion of transactions related to international trade make the diamonds trade vulnerable to the different laundering techniques of TBML in general and over/under valuation in particular. poultry. cutting and polishing.000 new employees this year along with investments to the tune of nearly Rs. • • • • The closed and opaque nature of the diamond markets and the high value of diamonds combined with a lack of expertise in this area on the part of the authorities have left this industry susceptible to abuse by criminals. identified in this report are • • • Global nature of trade – The trade in diamonds is transnational and complex. including Financial Intelligence Units (FIUs). thus convenient for ML/TF transactions that are. dairy. 2014 The Paris-based Financial Action Task Force (FATF) released an internationalreport on money laundering and terrorist financing.com India. have limited awareness of potential ML/TF schemes through the trade in diamonds. 2014 The Sahara group will hire over 56. India reported a relatively large number of sanitized cases (12) in which suspicious transaction reports were received (in connection with diamond trade). in most cases. The group also disclosed specific investment targets for at least four business verticals and these investments total to an amount of Rs 32. 32.000 new jobs need to be filled by the end of 2014.Current Affairs Compendium February 2014 • • • The financial sector regulators will take serious action with high penalties on violators and time bound investigations that would act as deterrents and improve consumer protection. The risks and vulnerabilities of the diamonds trade.

anti-pirate. artists and differently abled persons. 2014 President Pranab Mukherjee launched the National Mission on Libraries (NML) at Rashtrapati Bhavan. joint search and rescue. © 2014 www. Silver Elephant Medal of the Bharat Scout & Guides Award (by President of India Fakhruddin Ali Ahmed in 1976). Ms. etc. children. and then a three. Benefit: designed for the entire spectrum of population – students. Email address: gargtushant@gmail. She received the Padma Shri Award from the then president R. • Fondly known as Kong Sil and was also the oldest voter from Meghalaya.gktoday. RG Buruah Smriti Rakhya Samiti. Silverine Swer • Born: November 12. National Mission on Libraries(NML) – an initiative of the Ministry of Culture. passed away February 5. It was founded at the 1989 OECD Economic Summit as a response by the heads of state of the G-7 nations to the growing problem of money laundering. and damage control drills in the Indian Ocean. The flotilla passed along the LombokStrait. scientists. • Saw four wars: the two World Wars.com • Member of the Good Will Movement of the Moral Rearmament (MRA). Patogan Sangma Award for social service. • Awarded Kaisar-i-Hind medal by the Assam government for her efficiency and integrity while handling the rationing system and for service to the Girl Guide movement in Assam. • Awards & Honors: Padmashree Award. Mission: Launched by the Ministry of Culture to modernize and digitally link public libraries across the country.Current Affairs Compendium February 2014 Note: FATF is a Paris-based multi-disciplinary and inter-governmental body whose purpose is the development and promotion of national and international policies to combat money laundering and terrorist financing. Silverine Swer: Meghalaya’s first Padma Shri awardee. • • The ships conducted 10 exercises viz. New Delhi. Kaisar-i. • Important roles in Meghalaya taken by her: Chairman of the State Social Welfare Advisory Board. Silverine Swer (103) passed away due to illness. Chairperson of the International Year for Women (1979). Meghalaya. professionals. • 1953 -1969: Chief Social Education Organizer in Arunachal Pradeshunder erstwhile NEFA government for 15 years. launched February 5. 2014 The Chinese warships conducted rare exercises in the Indian Ocean. Makassar Strait and the SulawesiSea to enter the West Pacific Ocean. the Sino-Indian War and theBangladesh Liberation War involving India.Hind Medal. logo and website. colleges and co-operative societies. The warships from the Nanhai Fleet are destroyers Wuhan and Haikou and China’s largest amphibious landing craft Changbaishan. The three-ship flotilla consists of an amphibious landing craft and destroyer. • Pioneering Principal of the Teacher Training Institute at Changlang Tirap district and retired from service in 1968. About Ms. State Commissioner (Guides). she involved herself passionately with various women voluntary social welfare organizations and governing bodies of schools. Chinese warships hold rare exercises in Indian Ocean February 5.Changbaishan:China’s largest landing ship by gross tonnage and is equipped with an advanced weapons system. researchers. • 1944-1949: Appointed as the Assistant Controller of Rationing during the World War II under Assam government. 1910 in Christian tribal family.ship flotilla of Chinese warships entered the West Pacific Ocean to start a drill there. He formally inaugurated the NML’s guidelines.in 16 | P a g e . Member of NEHU’s Executive Council and Adviser of many more organizations. TUSHANT GARG. Exercises based on defense and settlement of emergencies:conducted to test the command system’s response and soldiers’ combat skills. Venkataraman in 1990. • First Khasi woman to become the Trainer and Adviser of the Girls Guide Movement – a movement that became her lifelong passion until her last days. 2014 Meghalaya’s first Padma Shri awardee Ms. • After retirement.

Raja Rammohun Roy Library Foundation (RRRLF). the Congress. The National Knowledge Commission (NKC) was set up by the Prime Minister with the challenging mandate to transform India of the 21st century into a knowledge society. Mr. Mr. Deepak Pental. 2014 On the Kashmir Solidarity Day. • • • • • • • Factors of NML: up-gradation of infrastructure. former Vice Chancellor of Delhi University. is supported by the Progressive Democratic Front (PDF) which comprises three BSP MLAs. Bahuguna resigned from the post of CM due to the criticism for the way he had handled the flood situation and relief and rescue work. planning and budgeting purposes.in 17 | P a g e . NML also planned to create a National Virtual Library of India (NVLI) to facilitate a comprehensive database on digital resources. Email address: gargtushant@gmail. a High Level Committee to be called as National Mission on Libraries (NML) has been set up by the Government of India. logistics. For setting up of the model libraries. Quantitative & Qualitative Survey of Libraries and CapacityBuilding for revamping the Public Library System & Services. carry out a census on the resources available in the libraries and conduct a study on the reading habits in different regions of the country. sustained and result-oriented” dialogue with Pakistanto resolve the Kashmir issue. TUSHANT GARG. About the National Mission on Libraries (NML) • • Objective: To create a world class library system. In pursuance of this. existing libraries would be identified in consultation with the state governments to improve infrastructure and upgrade technology used by them. The mountainous region of Kashmir has been a flashpoint between India and Pakistan for more than 60 years. Set up in pursuance of a report of the National Knowledge Commission. three independents. He succeeded Vijay Bahuguna. which has 33 MLAs. The objective of NKC was to advise the PM on matters relating to knowledge creation. a 10-member body headed by Prof. and one Uttarakhand Kranti Dal (UKD) MLA Kashmir Solidarity Day: Pakistan invited India for dialogue on Kashmir February 5. The Prime Minister expressed the confidence that the Indian leadership would realize the sensitivity of the issue and will respond to his invitation of dialogue in a positive manner and give right to self-determination to the people of Kashmir. In the 70-member assembly.gktoday. which recommended a total revamp of the Library and Information Service sector to serve the changing needs and expectations of the users and give a fillip to the library movement in the country. He was administered the oath by the Governor Aziz Qureshi at Raj Bhawan. census of libraries and their development as knowledge centres and transformation of libraries into empowering and inclusive institutions. an autonomous body under the Ministry of Culture will be the central agency for the National Mission on Libraries for administrative. knowledge dissemination and knowledge application within the diversity of the Indian scenario. Future planning: 629 district libraries across the states would be provided network connectivity.com Main component: To initiate need-based training programmes to develop managerial skills and IT competencies of their personnel in tune with demands of the Internet era. digitization and modernization. facilitate research work and provide information to people in a timely and convenient manner which is also universal and equitable. Why is Kashmir disputed? © 2014 www. 2014 Harish Rawat sworn-in as new CM of Uttrakhand The senior congress leader. 35 Central Libraries in states and 35 District Libraries will be developed as model libraries. Implementation of NML: Six libraries under the Culture Ministry. Prime Minister Nawaz Sharif invited India to engage in a “comprehensive. Setting up of National Mission on Libraries Model Libraries. Background: The National Knowledge Commission (NKC) in its Report to the Nation (2006-2009) made ten major recommendations on libraries. foster reading habits. Core areas of Mission: Creation of a National Virtual Library of India.Current Affairs Compendium February 2014 Nodal agency for the implementation of NML: Kolkata-based Raja Rammohun Roy Library Foundation (RRRLF). February 5. Emphasis will on developing these libraries in economically backward districts. Harish Rawat sworn-in as the new Chief Minister of Uttarakhand.

Satya Nadella (46) appointed as the new Chief Executive Officer (CEO) and member of the Board of Directors of the Internet giant Microsoft. Office 365. The Maharaja of Kashmir. Email address: gargtushant@gmail. Steve Ballmer. Indian-born Mr. Kashmir was free to accede to India or Pakistan. Helped Microsoft to bring a cloud version of Microsoft Office to the cloud. Nadella is only the third chief executive in Microsoft’s 39-year history. developer tools and cloud services. Satya Nadella • • • • • Born: 1967 in Hyderabad. Andhra Pradesh. Office and other services. But Pakistan and Kashmiri activists reject this plan because they both want greater control over the region. © 2014 www. to the cloud. with one part administered by India and one by Pakistan. His annual salary would be determined by the company’s Executive Incentive Programme (EIP). TUSHANT GARG. Hari Singh. 2014 Indian-born Mr. Satya Nadella appointed as the new Microsoft CEO February 6. • • • Played a key role in bringing some of Microsoft’s most popular technologies viz. Windows server and developer tools. • • Founded Microsoft in 1975 with his childhood friend Paul Allen and served as Chief Executive Officer (CEO) until 2000. following co-founder Bill Gates and Steve Ballmer. its database. • • In 1999. India would like to formalise this status quo and make it the acceptedinternational boundary. development of one of the largest cloud infrastructures in the world supporting Bing. responsible for a huge. Started career as a member of the technology staff at Sun Microsystems. 2014 Bill Gates assumes role of “Founder and technology advisor” of Microsoft John Thompson appointed as the new Chairman of Microsoft Microsoft co-founder Bill Gates assumed a new role on the Board as Founder and Technology Advisor. the territory has been the spark for two of the three India-Pakistan wars: the first in 1947-8. the second in 1965. Residence:Bellevue.com Played a major role in Microsoft’s transition to the cloud:During his long tenure. • • Under the partition plan provided by the Indian Independence Act of 1947. the Indian-origin CEO of software major Microsoft will be paid his salary on “semimonthly” basis at an annual rate of $1. He succeeded Mr. he was the executive vice president of Microsoft’s cloud and enterprise group. John Thompson new Chairman of Microsoft February 6. Chairman of the Microsoft board until Feb. He will help Satya Nadella (the new CEO of Microsoft) in shaping technology and product direction and will devote more time in making Microsoft Office more interactive and building a cloud platform as examples of ways Microsoft can innovate in the future. India fought a brief but bitter conflict with Pakistani-backed forces who had infiltrated Indian-controlled territory in the Kargil area. Joined Microsoft in1992. 2014. responsible for building and running the company’s computing platforms. US.5 crore). Since then. inventor and philanthropist. Bill Gates “Founder and technology advisor”. wanted to stay independent but eventually decided to accede to India. Previously. Washington. About Mr. Xbox. investor. called Window Azure. He stepped down as chairman of Microsoft in February 2014.in 18 | P a g e . 4. Currently. Microsoft says Office 365 is one of its fastest growing products ever. he lead major strategy and technical shifts across the company’s portfolio of products and services viz. Note: As per Mr. Mr.2 million (Rs 7. Nadella’s new employment agreement. largely invisible part of Microsoft’sbusiness. Currently a boundary – the Line of Control – divides the region in two. programmer. signing over key powers to the Indian government – in return for military aid and a promised referendum.gktoday.Current Affairs Compendium February 2014 The territory of Kashmir was hotly contested even before India and Pakistan won their independence from Britain in August 1947. About Bill Gates An American business magnate.

2014 Former Miss World. Excerpts of Prime Minister Dr. There are 273 million Yahoo mail accounts worldwide. John Thompson appointed as the new Chairman of Microsoft by the Board of Directors at a meeting held in Washington.gktoday. and also because many sites use email to reset passwords. The selected scientists are entitled to a fellowship of $1. broadcasted that usernames and passwords of its email customers have stolen and used to gather personal information for those Yahoo mail users who have recently corresponded with. Manmohan Singh inaugurated the 101st Indian Science Congress at Jammu University. 101st Indian Science Congress February 8. Bill & Melinda Gates Foundation (B&MGF or the Gates Foundation): founded by Bill and Melinda Gates in 1997. A Neutrino-based Observatory is proposed to be established in Tamil Nadu at a cost of about Rs. The company didn’t say how many accounts have been affected. India intends to host the third detector.Current Affairs Compendium February 2014 • • • • As per recent poll conducted by The Times. including 81 million in the US. as an associate member. but from a third-party database. He succeeded Bill Gates who assumed the role of Technology Advisor to the CEO of Microsoft. Note: Mr. The five-day (Feb 3-7. He was also the former chairman and CEO of Symantec Corp.com Supported the scientists to engage more with society and explain socially productive applications of biotechnology and other alternatives. TUSHANT Favored genetically modified crops. GARG. Email address: gargtushant@gmail. Yahoo is resetting passwords on affected accounts and has “implemented additional measures” to block further attacks. Manmohan Singh’s speech • • • • • • India will partner with the international scientific community in establishment of the world’s major R&D projects. US. 2014) event will see deliberations and presentation of papers by the scientific fraternity from across the globe. which can be spent in installments over 3 years. 2014 Yahoo Inc. Yahoo email account passwords stolen February 8. 55 lakh. Singh stated that the country must increase its’ annual expenditure onscience and technology to at least 2% of the Gross Domestic Product (GDP) and the private sector must join hands with the government for an inclusive progress in science and technology. Dr. Known for donating large sums of money to charitable organizations and scientific research and is highly regarded globally. Aishwarya Rai Bachchan voted fourth most beautiful woman of the world February 8. This is because many people reuse passwords across many sites. They will have to do research in an institution here for 12 months. top notch model and a powerhouse performer. who have been selected for the recently instituted Jawaharlal Nehru Fellowships. • • • Danger: access to email accounts could lead to more serious breaches involving banking and shopping sites. where international projects such as the research on ‘God Particle’ was going on. India would soon join. © 2014 www. 2014 Prime Minister Dr.in 19 | P a g e . Mr. Bill Gates is the most admired person on Earth. Announced the names of five eminent scientists. The host institution would also get a grant of Rs. the European Organization for Nuclear Research. Objective of the Bill & Melinda Gates foundation: to enhancehealthcare and reduce extreme poverty. after Google’s Gmail. and to expand educational opportunities and access to information technology.000 and a research grant of Rs. 1450 crore. or members of the United States or French academies of science. Jammu. Note: As per the research firm comScore. It’s not clear why a third-party database would have information on Yahoo accounts. Aishwarya Rai Bachchan (40)has voted the world’s fourth most beautiful woman in a recent poll conducted by online magazine Hollywood Buzz.00. 10 lakh for providing laboratory and other facilities for the research. The company believes that the usernames and passwords weren’t collected from its own systems. Mr. Yahoo is the second-largest email service worldwide. Thompson had joined the Board of Microsoft in 2012. In the Gravitational Wave Experiment. CERN. The Jawaharlal Nehru Fellowship is open to scientists who are either NobelLaureates or Fellows of the Royal Society.

It does not carry any monetary grant. • • • • • • Secretary of the ministry of petroleum and natural gas Mr.com scientist Prof C. 5. The Central Government constitutes Pay Commission almost every ten years to revise the pay scales of its employees and often these are adopted by states after some modification. listed the “Official Top 30 World’s Most Beautiful Women of 2014”. 1996 and fourth from January 1.N.gktoday. 4. who retired from international cricket last year.N. the award cannot be used as a prefix or suffix to the recipient`s name. with a sprinkling of models viz. etc. Irina Shayk andMiranda Kerr. Scarlet Johansson The list of thirty also includes musicians Beyonce. is the first sports-person to be bestowed with the honor.AdrianaLima.N. The recipient receives a Sanad (certificate) signed by the President and a medallion. 8.Srikrishna was approved in July 2006. will be the secretary of the Commission. Katy Perry and Rihanna. He is also the first active sportsperson to become a Rajya Sabha member last year. Over 4 million people across the world participated in the poll and selected the most intelligent. Union Home Ministry’s guidelines about Bharat Ratna: Under the Constitution. • • Prof C. desirability and success. Though the award winner can use mention as ‘Awarded Bharat Ratna by the President’ or ‘Recipient of Bharat Ratna Award’ in their bio-data. 9. The parameters of judging were based on intelligence.AdrianaLima. Justice Ashok Kumar Mathur Committee: 7th Pay Central Commission constituted February 9. desirable and successful women of 2013-14. President Pranab Mukherjee conferred Bharat Ratna on Prof. 2016. Vivek Rae will be a full-time member of the Commission. Monica Bellucci Kate Upton Angelina Jolie Aishwarya Rai Bachchan Irina Shayk Meryem Uzerli Charlize Theron Amber Heard Rihanna 10. C N R Rao and Sachin Tendulkar February 8. Meena Agarwal. to be awarded with the honor. 3. a retired Supreme Courtjudge and retired chairman of Armed Forces Tribunal. Ms. 2014 The Central Government constituted the 7th Central Pay Commission under the chairmanship of Mr. Dr Rathin Roy. 1986.Current Affairs Compendium February 2014 Aishwarya ranked fourth on the list of Top Thirty Most Beautiful Women after Italian actress Monica Belluci and American model-actress Kate Upton.in 20 | P a g e .Rao is the third scientist after C V Raman and former President A P J Abdul Kalam. The 6th Central Pay Commission under the Chairmanship of B. 2. Aishwarya Rai and Deepika Padukone are the only Indian women to feature in the list.The 5th Pay Commission was implemented with effect from January 1. 2014 President Pranab GARG. Irina Shayk and Miranda Kerr. Ms. Ashok Kumar Mathur. The panel will submit its report in two years and the recommendations would be implemented from Jan 1. director of the National Institute of Public Finance and Policy. officer on special duty in the department of expenditure. Mukherjee conferred the country’s highest civilian honor Bharat Ratna on eminent TUSHANT Email address: gargtushant@gmail. Katy Perry andRihanna. Sachin Tendulkar. © 2014 www. The poll conducted in December 2013 by Hollywood Buzz. The list of thirty also includes musicians Beyonce.R. will be a part-time member.R. Rao and cricketmaestro Sachin Tendulkar at Rashtrapati Bhavan in New Delhi. Top Ten stunners that rule the list of the World’s Most Beautiful Women 2014: 1. letter head or visiting cards. Padukone ranked 29th in the list. Objective: To revise the salary structure of Union government employees from both civil and military services. with a sprinkling of models viz. 6. 7. etc. Note: The Bharat Ratna has been conferred after a long gap with classical vocalist Pandit Bhimsen Joshi being the last recipient in 2008.

National Information Centre (NIC) is providing Cloud services under the umbrella of ‘MeghRaj’. accessing information and entertainment (52. In some of the villages. 2014 Govt. built on existing or new (augmented) infrastructure. Positive impact of Rajiv Gandhi Grameen Vidyutikaran Yojana(RGGVY) programme • • 96% of un-electrified villages have been electrified across the country. Villagers are able to get the treatment in the night. the Central Government has embarked upon an ambitious initiative – ‘GI Cloud’ which has been named as ‘MeghRaj’. Multiple Cloud solutions. • • • Benefit of GI Cloud: Helpful for the departments to procure ICT services on demand in the OPEX model rather than investing upfront on the CAPEX. • J&K: Most people feel that security & standard of life has increased. launched the National Cloud under ‘MeghRaj’ initiative. The first commission was based upon the idea of living wages to the employees. Software as a Service (SaaS) and Storage as a Service (STaaS). Madhya Pradesh: 85% of the villagers. Affect of electrification under RGGVY scheme on some states: • • • • Rajasthan: 75% of women are able to work in the fields after electricity reached their homes. Note: The Department of Electronics & Information Technology (DeitY) prepared the two Policy reports viz. Uttar Pradesh: 43% people are surveyed and reported that they have started using mobile phones after electrification since it became possible to charge the mobile sets. launched ‘National Cloud’ Under ‘MeghRaj’ February 9. GI cloud will cover a set of discrete cloud computing environments spread across multiple locations. in particular. women and children feel more secure and protected against wild animals. ‘GI Cloud Strategic Direction Paper’ and ‘GI Cloud Adoption and Implementation Roadmap’. Govt. security (89. It’s an Internet based technology which enables its user to share technological resources. end users are not required to buy software or Devices as they are provided by service providers on a rental basis. What is Cloud Computing? TUSHANT GARG. 2014 Evaluation studies of RGGVY (Rajiv Gandhi Grameen Vidyutikaran Yojana) commissioned by Rural Electrification Corporation have revealed that the programme has empowered the rural women.Current Affairs Compendium February 2014 • The 1st pay commission was constituted under the Chairmanship of Srinivasa Varadachariar in May 1946 and its report was submitted by 1947. Bihar: As detected by the beneficiary households. Characteristics of National Cloud: Self service portal. RGGVY: Evaluation Studies Show a Positive Impact on Women and Education in Rural India February 9.1%).9%). guidelines and standards issued by the Government ofIndia.com Cloud computing is the delivery of computing and storage capacity. Architectural vision of GI Cloud: As per the set of common protocols. which was taken by the Islington Commission.. © 2014 www.4%). the most important use of electricity is for illumination (94. About MeghRaj In order to utilize and harness the benefits of Cloud Computing. Intensive electrification of 80% villages has been completed while free electricity connections have been provided to 77% BPL households under the flagship programme.1%) and comforts by running fans (18.gktoday. Platform as a Service (PaaS). software and digital information from anywhere using a browser. In cloud computing. • • Focus: To accelerate delivery of e-services in the country while optimizing ICT spending of the Government. Secured VPN access and Multi location Cloud. This will ensure optimum utilization of the infrastructure and speed up the development and deployment of eGov applications. Existing Cloud services: Infrastructure as a Service (IaaS). it was found that the villagers use electrical appliances for crop processing. Email address: gargtushant@gmail. and communication through cellular phones (42.9%). venomous reptiles and robbers due to electrified households and street lights.in 21 | P a g e .

etc. Andhra Pradesh (88%). MP(46%). of awards to be given normally in a year 10% 10% 30%** 1 award • ** includes marks for assessment for contribution made for promotion of sports after retirement for active Sports career and for qualities like sportsmanship. sportsmanship. Medal winners in the Olympics and Paralympics will automatically be considered for the Rajiv Gandhi Khel Ratna or Arjuna awards (depending on the type of medal won). Dronacharya and Dhyan Chand awards. Bihar (48%). 3. etc. tailoring. weaving. Winter and Paralympics). Commonwealth Games and World Cup / World Championships held once in 4 years. the selection committee will recommend the number of awards (not exceeding two). Sports journalists. Students in all the states are able to study for longer hours and also save money & time which they had to spend on kerosene lamp. Criteria Rajiv Gandhi Khel Ratna Award for most outstanding performance 90% Dronacharya Award for Outstanding Coaches in Sports 90%* Dhyan chand Award for life time achievement in Sports 70% The salient features of the newly introduced criteria for Sports Awards are as follows :- 1. Winter and Paralympics). and sense of discipline. In these particular cases. • • • S. Email address: gargtushant@gmail. Weightage for the medals won in Olympic Games (Summer. team spirit. Names of not more than 2 Sportspersons ( 1 male and 1 female) and names of not more than 2 coaches in case of Dronacharya award with highest marks will be considered. • • • Except for lifetime achievement awards. 5 3 (out of 5. Weightage to the marks given by the Selection Committee for assessment of the eligible sportsperson / coach keeping in view factors like profile and standard of sports event in which medal has been won No. fair play. leadership. Asian Games. Beneficiaries reported positive impact of education on various states viz. grocery shops. the Union Sports Ministry has approved a set of rules to select candidates for Rajiv Gandhi Khel Ratna. Reserved the right for not recommending the name of any deserving sportsperson as per the given criteria for Rajiv Gandhi Khel Ratna or Dhyan chand Award.in 22 | P a g e . Selection committee will give its recommendations for such two coaches taking into consideration the contribution made by them over a period of 20 years or more in terms of producing outstanding sports-persons. 2 to be given for lifetime contribution in coaching) * medals won by sportspersons trained by the coach under consideration for the award. the committee will have to justify its stance in writing. As per the new criteria for National sports awards: • • 90% weightage to medal winners of various internationalchampionships and sports events of disciplines covered in Olympics ( Summer. 2. leadership. New Criteria for National Sports Awards February 9. 2014 In order to bring more transparency and objectivity in the process for conferring the National Sports Awards.Current Affairs Compendium February 2014 • • People are able to establish small scale activities in homes viz.com For cricket and indigenous games (not included in Olympic / Asian Games / Commonwealth Games disciplines). UP (66%).No: TUSHANT GARG. Asian Games and Commonwealth Games. They also feel more comfortable during summer days due to the fans in the class.gktoday. points for winning medals will be given to each eligible sportsperson for his/her performance during the last four years. experts and commentators are included in the selection committees. 10% weightage will be given to the marks awarded by the selectioncommittee for assessment of the eligible sportspersons keeping in view factors like profile and standard of the sports events in which he or she has won medals and qualities viz. Marking criteria will not apply for the 2 awards to be given for lifetime contribution in coaching. sense of discipline. © 2014 www.

Current Affairs Compendium February 2014
Muthoot Finance launched its first White-Label ATM
February 9, 2014

Indian gold loan company, Muthoot Finance Ltd became the first and only Non-Banking Finance Company(NBFC) to have obtained license for setting-up WLAs in India. The Muthoot Group launched its first White-Label ATM at its corporate office in New Delhiand has plans to invest Rs 300 crore in the next three years. The rollout will be mainly in tier-3 and tier-4 cities.

• • • • • • •

Goal: To set-up 9,000 WLAs over three years – 1,000 in the first year, 2,000 in the second year and 6,000 in the third. Partner of Muthoot Finance to set up WLAs: FIS Payment Solutions Services. Sponsor Bank for WLAs venture: Federal Bank. The ATMs will be user-friendly, even to the differently-abled – equipped with Bio-metric thumb & voice-recognition. The other entities that are offering White label ATMs: Prizm Payment Services, a unit of Hitachi of Japan set up its first White Label ATM “Money Spot ATM” at Chendre village in Alibaug Taluk, Raigad district of Maharashtra on January, 2014; Tata Communications Payment Solutions launched the India’s first ever network of white label ATMs called “Indicash” in June 2013 at Chandrapada in Thane district of Maharashtra.

What are White label ATMs? ATMs set up and run by non-banking entities are called White Label ATMs (WLAs). Customers from any bank can deposit or withdraw money from such ATMs. They will provide ATM services to customers of all banks. In June 2012, the Reserve Bank of India (RBI) has permitted non-banking companies to set up ATMs, referred to as WLAs, to increase the penetration of the facility across the country. Objective of permitting non-banks to operate WLAs: To enhance the penetration of the machines in semi-urban and rural areas, where bank-run ATMs are a few or none. The move is in lineGARG. to theEmail governments objective of achieving financial inclusion. TUSHANT address: gargtushant@gmail.com Excerpts of the RBI’s policy to set up & operate White label ATMs:

• • • • • •
February 9, 2014

Non-bank entities would be permitted to set up WLAs in India, after obtaining authorisation from RBI under the Payment and Settlement Systems (PSS) Act 2007. As per the Payment and Settlement Systems Act 2007, the non bank entities should have a minimum net worth of Rs 100 crore & have to apply to RBI for seeking approval. Every WLA operator is required to tie up with a sponsor bank, which takes care of cash operations, dispute resolution and regulatory reporting aspects. Being non-bank owned ATMs, the guidelines on five free transactions in a month for using other bank ATMs would not be applicable for transactions affected on the WLAs. WLA operators can also earn extra revenue through advertisements and value-added services. Further, it allows autonomy of operators on deciding locations and creating their own brand with fixed annual targets mandated by RBI. White-label ATMs accepts only cards issued by banks and does not accept cash deposits.

Govt. allows FIIs, NRIs to invest in insurance sector
The Union Government has allowed 26% foreign investment in insurance sector in activities related to insurance viz. broking, Third Party Administrators (TPAs) and surveyors and permitted Foreign Institutional Investors (FIIs) and Non-Resident Indians (NRIs) to also invest in insurers within the stipulated cap. The Department of Industrial Policy and Promotion (DIPP) stated that in case of insurance, the 26% cap will include FDI and investments from FIIs and NRIs. (Earlier, only FDI under the automatic route was allowed in insurance companies.) Apart from insurance companies, the relaxation would apply to insurance brokers, third-party administrators (TPAs), surveyors and loss assessors. All of this investment can be made under the automatic route.

Insurance brokers are entities which for remuneration arrange insurance contracts with insurers or reinsurers on behalf of their clients.

© 2014 www.gktoday.in

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Current Affairs Compendium February 2014
• • •
The TPAs help in facilitating health insurance on behalf of insurers. Surveyors and loss assessors provide technical services to the insurance companies. All these entities are required to obtain a licence from the Insurance Regulatory and Development Authority (IRDA) for undertaking specific activities. The Arvind Mayaram Committee on definition of FII and FDI, in its draft report, recommended composite caps whereby FDI, FII and NRI investments would form part of the total cap on foreign investments. Note: The Insurance Act, 1938 does not stipulate any FDI limits for insurance intermediaries or TPAs, but sector regulator IRDA has restricted it to 26%.

‘NACH-ready payments services’ hub for India, launched by Polaris Financial Technology
February 9, 2014

Polaris Financial Technology announced the launch of its NACH-ready Indiapayments solution. With the emergence of NACH, a high rate of adoption is anticipated to make it imperative for banks to have a strategic roadmap for the adoption of NACH. This would include product innovation, operational reconstructs and cutting edge technology adoption. NACH-ready India Payments solution Web-based solution to facilitate inter-bank, high volume electronic transactions that are repetitive and periodic in nature.

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Facilitates centralized mandate management, direct debits and bulk payments processing. Standard features: cross-border transactions and host-to-host connectivity, etc. Compliant with major payment systems in the country viz. National Automated Clearing House (NACH), NextGeneration Real Time Gross Settlement (NGRTGS) and National Electronic Funds Transfer System (NEFT). Capable of achieving Straight Through Processing (STP) rates of over 97% across high volume and high care payments throughbusiness rules driven data validation and enrichment. Operational risks can beTUSHANT reducedGARG. by around using a configurable Exceptions Management Framework which Email 20%-25% address: gargtushant@gmail.com offers complete audit and control.

Polaris Financial Technology Ltd. A Global leader in Financial Technology for Banking, Insurance and other Financial Services. Founded in 1993. Headquarters: Chennai, Tamil Nadu. Its iGTB division is the world’s first complete Global Transaction Banking platform, used by the world’s top transaction banks. Services offered: financial technology products, legacy modernization services and consultant of core banking, corporate banking, wealth & asset management and insurance. National Automated Clearing House (NACH) The National Payments Corporation of India (NPCI) has implemented NACH for banks, financial institutions, corporate and government to facilitate inter-bank, high volume, electronic transactions which are repetitive and periodic in nature.

Web-based solution: A centralized system that will provide a national footprint and is expected to cover the entire core banking enabled bank branches spread across the geography of the country irrespective of the location of the bank branch.

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Objective: To provide a single set of rules (operating and business), open standards and best industry practices for electronic transactions which are common across all the Participants, Service Providers and Users, etc. Provides a robust, secure and scalable platform to the participants with both transaction and file based transaction processing capabilities. Facilitates the member banks to design their own products and also addresses specific needs of the banks & corporates including a refined Mandate Management System (MMS) and an onlineDispute Management System (DMS) coupled with strong information exchange and customized MIS capabilities.

Supports Financial Inclusion measures initiated by Government, Government Agencies and Banks by providing support to Aadhaar based transactions.

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Current Affairs Compendium February 2014

Used for making bulk transactions towards distribution of subsidies, dividends, interest, salary, pension, etc. and also for bulk transactions towards collection of payments pertaining to telephone, electricity, water, loans, investments in mutual funds, insurance premium, etc.

Apple India re-launched production of iPhone 4
February 9, 2014

Apple India re-launched the production of iPhone 4 in India, Indonesia andBrazil. This is the first time that the American technology giant Apple has resumed the production of a discontinued phone. The company prides itself on pushing the design and technology envelope with every release and progressively stops the sale of older models. Why American technology giant Apple restarted the production of iPhone 4? Apple Inc. ceased the selling of iPhone 4 in many countries, owing to the launch of the iPhone 5s and the iPhone 5c. Due to this move, Apple lost the share and growth slowed in the last quarter in the markets of India, Brazil and Indonesia. Thus, to resume the growth Apple re-launched the product iPhone 4 in these countries.

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The lower cost iPhone will help Apple to recoup market share in these countries. This combat market leaders Samsung’s Grand and S4 Mini. Apple’s Foxconn vendor in China has restarted production of the iPhone 4. Note: The entry level iPhone 5s sells for Rs. 53,500 in India, while the entry level iPhone 5c is Rs. 41,900. The reintroduced 8GB iPhone 4 retails for Rs. 22,900.

K.V. Thomas Committee:
February 9, 2014

The Central Consumer Protection Council (CCPC) under the chairmanship of minister K V Thomas set up a sub-committee to draft guidelines to safeguard consumer interest from false advertisements in the country. Objective: To issue guidelines to monitor the advertisements. At present, there is no any legal protection cover available for consumers against false advertisements.
TUSHANT GARG. Email address: gargtushant@gmail.com

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Formed to see how to regulate false statements made in the advertisements in the name of scientific claims. (Maximum false claims are made in health-related fields). Will have the powers to (take) corrective actions and (impose) compensation. Proposal: To hold everyone engaged in the production of advertisement responsible for its contents. This will include the manufacturer, advertising agency, artists, actors and the media platform, be it print or electronic. The committee will submit its recommendations by the end of February 2014. For instance, if the claims made by whitening creams proved unphenomenal as advertised, Consumer should have right to claim compensation not only from the advertisers but also from the celebrities endorsing the product. Note: The immediate push for regulation has come from the Madhya PradeshHigh Court. The court ordered the consumer affairs ministry to set up an ad-monitoring panel as recommended by the Vibha Bhargava Commission. The commission had submitted its report in 2005 and it underlined the urgent need to regulate false claims by advertisers of different products.

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About Central Consumer Protection Council
The apex body is appointed by the Central Government in accordance with provisions of the Act. Objective: To protect and promote the interest of consumersviz. the right to be protected against the marketing of goods and services which are hazardous to life and property; the right to be informed about the quality, quantity, potency, purity, standard and price of goods or services, as the case may be so as to protect the consumer against unfair trade practices, etc.

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Lies under the Union Ministry of Consumer Affairs. The CCPC consists of the minister in charge of the consumer Affairs as chairperson, minister in charge of States, members of parliaments, representative of the government departments, consumer organization, women members, representatives of trade, industries and consumers.

Bezbaruah Committee: To address concerns of Northeastern people
February 9, 2014

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Indian CEOs leading major companies in the world February 9. Northeast. MasterCard. Satya Nadella appointed as the new Chief Executive Officer (CEO) and member of the Board of Directors of the Internet giant Microsoft. one of the largest food and beverage business in the world. the consumer goods giant is listed on London Stock Exchange and is a constituent of the FTSE 100 Index. Indian-born Mr. professionals in India have become global professionals. Rajeev Vasudeva: Egon Zehnder. Nadella is a significant achievement as he joined a circle of India-origin executives manning top global companies. GLOBALFOUNDRIES is the world’s first full-service semiconductor foundry with a truly global manufacturing and technology footprint. © 2014 www. Ajay Banga: President & CEO. 2014 Microsoft has become the biggest company to be headed by an Indian. Mr. Mizoram and Sikkim. one of the world’s largest and most diversified software companies. Piyush Gupta: DBS Group Holdings.com is one of the most influential and powerful figures globally. Rakesh Kapoor – CEO of Reckitt Benckiser. address: gargtushant@gmail. Indians focus on good education and ability to work in difficult situations is aiding to this rising trend and more and more Indians could rise to top positions at global companies in the near future. Banga appointed CEO in July 2010. Sanjay Jha: Appointed as chief executive officer ofGLOBALFOUNDRIES in January 2014. consumer and professional markets. suggest measures to be taken by the government to address these concerns besides suggesting legal remedies for the same. Shantanu Narayen – President and CEO of Adobe Systems. Deutsche Bank. Allen Temshi Jamir. Objective: The Panel will examine the causes behind attacks/violence and discrimination against people from the Northeast. 2011.gktoday. Ivan Menezes: CEO of alcoholic beverages firm Diageo PLC since July 1. The Indian Steel mogul TUSHANT GARG. Anshu Jain: Co-CEO. The appoint of Mr. The technical skills and the behavioural patterns of Indians executives make them very much adaptable to any kind of situation they come across. As per human resource experts. Ms. an American financial services corporation that process payments between the banks of merchants when purchases are made through the brand card. The Bezbaruah Committee: • • • • A six-member panel led by Former IAS officer M P Bezbaruah. He has served as the CEO since July 2007. one each from the other Northeastern states like Tripura. Dinesh Paliwali: CEO of Harman International. Tape Bagra and P Bharat Singh and the Deputy Secretary in Ministry of Home Affairs S Saha as Member Secretary. Members: Retired IAS officers H W T Syeim. 2013. Ajit Jain: Berkshire Hathaway Group. Lakshmi Mittal – Chairman and CEO Email of Arcelor-Mittal. a leading provider of premium audio and infotainment systems for the automotive.in 26 | P a g e . world’s largest steel making company.Current Affairs Compendium February 2014 The Union Government set up a Bezbaruah panel to propose remedial measures to address concerns of people from the Northeast following outrage over the death in Delhi of a 19-year-old student from Arunachal Pradesh. The Chairman of the committee shall co-opt members. Sanjay Mehrotra: CEO of SanDisk since January 1. Some global corporations led by Indian CEOs: • • • • • • • • • • • • • Mr. who is also a member of North-Eastern Council. Indra Nooyi – Chairperson & CEO of PepsiCo. It will deliberate and find ways to stop such attacks on the people from • The panel will submit a report within two months after examining the causes behind the attacks of discrimination against the people from Northeast.

The Umbrella Agreements were signed by Finance Minister P Chidambaram and German Federal Minister for Economic Cooperation and Development Gerd Mueller during their bilateral meeting. the departments concerned will be involved. TUSHANT GARG. Wherever there are inter-ward issues. • The pacts were signed during an official six-day visit of German President Joachim Gauck. and wherever there are government-related issues. Soon. As per the draft Delhi Nagar Swaraj Bill 2014 • • • Every Delhi voter be a decision-maker.in 27 | P a g e .Current Affairs Compendium February 2014 Delhi Nagar Swaraj Bill 2014 February 9. The Umbrella Agreement on Financial Cooperation refers to concessional loans from Germany for nine projects viz. disabled and other vulnerable sections of society. The contours of the mohalla sabha will be defined by the stateelection commission by taking public opinion into account. Green Energy Corridors. 33% must be women while 10% of the registered voters of a mohalla must be present at the meeting. • • • • Mohalla sabhas shall strive for universal education andhealthcare in the mohalla and formulate and implement schemes to eradicate hunger and homelessness and for welfare of senior citizens. New Approaches in Microfinance and Microenterprise Finance (SIDBI) Missing Middle Programme (SIDBI). the draft Delhi Nagar Swaraj Bill 2014 will be brought before the cabinet and then introduced in Delhi assembly soon. This committee will do coordination at the ward level to pave the way for delivery of proposals cleared by the mohalla sabha at monthly meetings by vote. which will be manned by officials. Energy Efficiency in Thermal Power Plants (WBPDCL). and this collective will use its vote to send two representatives to a ward committee. • When mohalla sabha members come together at monthly meetings to cast their vote on issues.gktoday. • • • • • • • • • Himalaya Hydropower Programme (HPPCL). India and Germany inked pacts on financial and tech co-operation February 9. Promotional Programme for Energy Efficient New Residential Housing-II (NHB). the standing committees of the municipal corporations will take a view. The state government’s role will be limited to projects like flyovers and other major development plans for the city. Affordable Housing Programme (NHB). Email address: gargtushant@gmail. 2014 India and Germany signed two umbrella agreements for financial and technical co-operation. • Gives the common man the power to remove the selected representative and also the area councilor mid-term through polling that can be initiated by the state election commission based after ascertaining the genuineness of representations from the mohalla sabha. New Delhi. The members of the sabha will be voters who stay within the boundaries of the mohalla. 2014 The Aam Aadmi Party organized its first “Mohalla Sabha” at Vasundhara Enclave. Decisions are to be largely by consensus but may also be taken by a simple majority vote.com Creates room for an ombudsman and empowers the mohalla sabha to file complaints if anyone is found violating the law. Pave the way for self-rule through mohalla sabhas. Funds will be put at the disposal of the sabhas by the mohalla secretariat. Also gives the sabhas power to get any information from any official of the state government or municipal body regarding issues directly or indirectly related to their mohalla. to ensure execution of the decisions of people. © 2014 www. Madhya Pradesh Urban Sanitation and Environment Programme. under Indo German bilateral Development Cooperation framework. HimachalPradeshForest Ecosystems Climate Proofing Project.

They also educate mothers in prison up to Year 5 level and give them vocational training. They are also given bikes. Indira Ramanagar nominated for her 20-year struggle for prisoners’ children in Nepal.in 28 | P a g e . John quit his job as a manager at the Microsoft company to fulfil his dream: to fight poverty by giving children all over the world the chance to go to school. Environment and Sustainable economic development sectors.000 schools with 29. She has built up an organisation calledPrisoners Assistance Nepal (PA). engaging a growing number of children throughout the world. and more. is supported by 60. arts and crafts. which are a priority sectors under the bilateral development cooperation between the two nations. • Ms. • Run programs allowing children to go to school during the day and stay with their mothers in prison at night.com • Search for relatives and support them to take care of the children. launched in 2000. • Support prisoners who have been released. The annual program concludes with a “Global Vote”. © 2014 www. two schools. John Wood and Indira Ranamagar February 9. The WCP Foundation is regulated by the Svensk Insamlingskontroll (Swedish Fundraising Control). Mission: To catalyze the growth and development of a more humane global community through an integrated global educational program. World Children’s Prize (Children’s Nobel Prize) Nominees 2014: Malala.3 million students in 109 countries and over 600 organisations. which has rescued over a thousand children from cramped. which protects the interests of donors and ensures that the funds raised are used appropriately. Pakistani teenage rights activist Malala Yousafzai. and youth programs on organic agriculture. 2014 For the 2014 World’s Children’s Prize. since they often have a long journey to get to school. The award programme. She started to speak out for girls’ rights at the age of 11. John Wood from the USA and Nepalese child rights worker Indira Ranamagar are nominated for an award also known as the “Children’s NobelPrize”. Vision: A world where the rights of the child are universally respected and where every new generation grows up as humane global citizens.Current Affairs Compendium February 2014 The Umbrella Agreement for technical cooperation refers to 13 projects in Energy. dirty prisons. • Ms. • Indira Ramanagar and Prisoners Assistance: • Run three children‘s homes. so that they can be reunited with their children. John Wood nominated for his 15-year fight for children’s right to education. three Child Rights Heroes are selected by the WCP Child Jury to be candidates for the World’s Children’s Prize for the Rights of the Child. Every year. democracy and global friendship. Email address: gargtushant@gmail. “Global Vote Days” are held in schools around the world like a democratic election.gktoday. when the Taliban banned girls from going to school in the SwatValley in Pakistan. About World’s Children’s Prize (WCP) Also known as the Children’s Nobel Prize The world’s largest annual educational program teaching young people about the rights of the child. where children work together to choose their Child Rights Hero. Malala Yousafzai nominated for her courageous and dangerous fight for girls’ right to education. • Speak out for the weakest in society and fight for prisoners – especially women and their children – to be treated in a fair and humane way. • Make sure that children get a chance to visit their parents in prison. • Support girls in villages to enable them to go to school. • Mr. TUSHANT GARG.

National Green Tribunal (NGT) bans on burning tyres in Public Places February 12. a derivative of benzene. as this leads to health hazards. As per the Western Zone Bench of NGT-Pune ruling: The local police shall take prompt check on burning of tyres and any negligence in the instructions given by NGT-Pune may entail penal aftermaths as specified in section 26 of the National Green tribunal Act. it is very difficult to copy the card due to presence of the embedded microchip. Why burning of tyres is harmful for environment? Burning tyres emit toxic soup of pollutants that contains harmful gases and chemicals viz. and 25% 1. cobalt. Established on October. a customer has to punch in his/her PIN number. carbon monoxide. That will be followed by customers punching their PINs to complete the transaction. extendible to up to Rs 25 crores and/or imprisonment of 3 years. RBI has mandated that Banks must adopt Aadhaar as additional authentication or move to EMV (Euro pay MasterCard Visa) chip and pin technology to ensure security in card-based payment transactions. barium. Objective: For effective and expeditious disposal of cases relating to environmental protection and conservation of forests and other natural resources including enforcement of any legal right relating to environment and giving relief and compensation for damages to persons and property and for matters connected therewith or incidental thereto. This information on the TUSHANT Email for address: gargtushant@gmail. etc. Tyres contain 25 % extender oils derived from benzene. copper.in 29 | P a g e . radionuclide or radiation. About National Green Tribunal • • • A special fast-track court to handle the expeditious disposal of the cases pertaining to environmental issues. It has two chips a) An embedded chip b) A traditional magnetic strip. – both benzene and 1. The apex bank made it mandatory for debit card holders to punch in their PIN numbers every time they use the card. The PIN functions as another layer of security for the debit card which reduces the chances of fraud. manganese and vanadium. whichGARG. 25% styrene.3 butadiene are suspected human carcinogens. areas surrounded by residential buildings and also during protests by political and religious groups. merchants will first swipe the cards at a PIN enabled PoS terminal and punch in the transaction amount. iron. In case the card gets stolen or lost. arsenic. aluminum. zinc. 2014 The National Green Tribunal (NGT) banned the burning of tyres at public places viz. What are Chip-and-Pin cards? A chip-and-PIN card is a plastic card of standard size. Any violation of the order may result in a penalty of up to Rs 10 crore. In order to accomplish a transaction. 2014 With an aim to minimize frauds. chromium. is needed authentication purpose during a transaction. The decision came on a petition filed by the Sahyog Trust and other advocates against the Maharashtra Pollution Control Board (MPCB) and the state of Maharashtra. which are hazardous to the human beings as well as to the environment. What information is stored on the chip? Information is stored on the embedded chip.3 butadiene. carbon dioxide. 2010 under the National Green Tribunal Act 2010. While using it at PoS.com embedded chip is of the same nature as stored in today’s magnetic stripe. Minuscule particles released during the burning can settle deep in the lungs. 2010. © 2014 www. Objective: The overall system of the card designed in order to make it more difficult for criminals to cash in on credit card fraud.Current Affairs Compendium February 2014 Chip-and-PIN cards February 9.gktoday. (A carcinogen is any substance. roads. The chip is safe as there is no personal information about customer’s a/c stored on the embedded chip. that is an agent directly involved in causing cancer).

CBLO. NEFT. 2014 The Defense Research and Development Organization (DRDO) is developing Unmanned Aerial Vehicles (UAVs) for the Central Reserve Police Force (CRPF) to track down maoists in naxal hit states viz. © 2014 www. especially where there would be unacceptable risk to the pilot of a manned aircraft and can be equipped with high resolution still. etc. liquidity risk. New Delhi is the Principal Place of Sitting of the Tribunal and Bhopal. The issuing bank will need to convert the older credit or debit cards with the magstrip into EMV chip and pin enabled ones. • • • Uses: To get aerial video of a remote location. and even infrared cameras. The Nishant. Of the non-PKI enabled payment systems. credit risk. NEFT. RTGS.com RBI released draft Report on Enabling PKI in Payment System Applications February 12.7% share to the total number of payment transactions carried out in the year 2012-13. a multi-mission UAV developed by India’s Aeronautical Development Establishment (ADE). operational risk. Kolkata and Chennai shall be the other four place of sitting of the Tribunal. DRDO developing UAVs to track down Maoists February 12. video. Note: The National Green Tribunal ruling can only be challenged in theSupreme Court. Chattisgarh. a branch of DRDO. The banks may carry out in phases PKI implementation for authentication and transaction verification. or the situation makes using a manned aircraft Impractical. secure. robust and sound payment system in the country. TUSHANT GARG.gktoday.Current Affairs Compendium February 2014 • • Shall not be bound by the procedure laid down under the Code of Civil Procedure. 2014 The Reserve Bank of India (RBI) released draft report on enabling Public KeyInfrastructure (PKI) in payment system applications. digital technology. the report recommends that customers should be informed of risks. 1908. FOREX Clearing. (Nishant consists of an air vehicle supported by ground control station equipment mounted on Tatra vehicles and it can be moved to any location for launching whenever required making it very versatile).in 30 | P a g e . etc. systemic risk. Forex Clearing. Highlights of the draft Report on Enabling Public Key Infrastructure (PKI) in Payment System Applications • • • • • • • • The various PKI-enabled electronic payments systems introduced by RBI viz. with little aerodynamic penalty. The information obtained by the UAV can be streamed back to the control centre in real time. Nishant in Jagdalpur. Jharkhand. Public Key Infrastructure enabled electronic payment systems that has been introduced by the RBI are – RTGS. but shall be guided by principles of natural justice. About Unmanned Aerial Vehicles (UAVs) • Means: Aerial vehicles which operate without a human pilot. In volume terms. Eaves are commonly used in both the military and police forces in situations where the risk of sending a human piloted aircraft is unacceptable. Helicopter type UAVs are well suited to this purpose. Objective: To ensure a safe. And would demonstrate the operational capability of the first such vehicle. • The UAVs being developed for CRPF would be able to help the forces trace and track down the ultra Left operatives in even thick forests. Used to carry and deliver a variety of payloads. existing security measures and also given a choice of different methods of authentication to be able to select a system that matches their security requirements. Email address: gargtushant@gmail. Pune.1% whereas these systems contributed 93. (Payment systems are subjected to various financial risks. had already been inducted by the army.3 % in value terms in the year 2012-13. because payloads can be suspended from the bottom of the airframe. MICR Clearing and non-MICR clearing contributed 37% and 10% in volume terms and 69% and 25% in value terms. In order to ensure a safe. With reference to internet banking applications. Non-PKI enabled payment systems contributed 75% in volume terms but only 6. Government Securities Clearing and Cheque Truncation System (CTS). and Cheque Truncation System (CTS). such as PKI may be used. CBLO. PKI-enabled electronic payments systems contributed 25. viz. efficient. secure payment system in the country and to ensure legal compliance. Government Securities Clearing. legal risk).

Google doodle celebrated Sarojini Naidu’s 135th birthday or National Women’s Day of India February 13. etc. Bangalore. Email address: gargtushant@gmail. The Maruti 800 lost its appeal among urban consumers as car buyers migrated to models such as the Alto and Wagon R from Maruti Suzuki’s stable and the Santro produced by • • • Since 2010. And would demonstrate the operational capability of the first such vehicle. The doodle on the search giant’s homepage displayed a portrait of Ms. 2014 The Defense Research and Development Organization (DRDO) is developing Unmanned Aerial Vehicles (UAVs) for the Central Reserve Police Force (CRPF) to track down maoists in naxal hit states viz. Naidu was also known as the ‘Nightingale of India’ and the first Indian woman to become the president of the Indian National Congress. 50000 only and at the time of closure of production it was priced at Rs. which seemingly depicted Naidu’s writing capabilities. Her birthday observed as a National Woman Day in recognition of the works done by her for upliftment and development of women in India. etc. for all the models which have been phased out till date. RBI has kept suggestions in the report open for public comment till February 28. That’s why. Production of iconic Maruti 800 stopped by Maruti Suzuki India Ltd (MSIL) TUSHANT GARG. Maruti Suzuki stated that it would be too costly to make the hatchback to meet stricter emission standards (as per intention to cutting pollution) on congested roads.Hyderabad. Note: Maruti 800 was launched in India in early 1980s and the time of its launch it was priced Rs. Pune. Ahmedabad. Why Maruti Suzuki stopped the production of iconic Maruti 800? • Hyundai Motor India Ltd. The validity period for the certificates may be increased from 3 to 5 years for the digital signature certificate (DSCs). • • • Ms.35 lakh. Google marked the 135th birth anniversary of freedom fighter and poet Sarojini Naidu with a doodle. Note: The Public Key Infrastructure (PKI) is a set of hardware and software that enables users of internet to securely and privately exchange data and money by using a pair of public and private cryptographic passwords. Jharkhand. In India. Kanpur. Nishant in Jagdalpur. the company halted the sale of car in 13 major cities in India viz.com February 13. • The UAVs being developed for CRPF would be able to help the forces trace and track down the ultra Left operatives in even thick forests. though the car production has stopped. Note: The International Women’s Day is observed and celebrated on March 8 every year. 2. but will continue to sell the spare parts of 800 to its customers for next 8 to 10 years. Naidu in the place of the second ‘O’ in the company’s logo. As per the company’s policy. Surat. 2014 Maruti Suzuki India Ltd (MSIL) stopped production of the iconic Maruti 800 car brand that had been the carrier for millions of Indian middle-class families.in 31 | P a g e . © 2014 www. due to the stricter emissions regulations. 2014. DRDO developing UAVs to track down Maoists February 15.Current Affairs Compendium February 2014 • • “All Banks” Internet banking applications should mandatory create authentication environment for password-based two-factor authentication as well as PKI-based system for authentication and transaction verification in online banking transaction.gktoday. among others. There was also a pen in place of the letter ‘L’ in logo. Agra. Chattisgarh. spare parts will be available for customers for next 8-10 years. in memory of date of birth of India’s first women governor Sarojini Naidu. The British government awarded the Naidu ‘Kaiser-i-Hind medal’ for her work during the plague epidemic in India in 1928. MSIL decided to completely stop the production and rolled out the last of its 800 model. ‘National Women’s Day’ observed on February 13 every year. 2014 The search giant.

Arunima Sinha bagged Amazing Indian Award 2014 February 15. headed by Sitaram Yechury suggested the Civil Aviation Ministry to come out with a comprehensive Bill after revisiting the Aircraft Act. She is a former national volleyball andfootball player from Uttar Pradesh. © 2014 www. 2014 The Cabinet Committee on Economic Affairs (CCEA) approved the proposal to convert and expand the pilot programme of Burn Injuries of the 11th Plan period into a full-fledged National Programme on Prevention & Management of Burn Injuries (NPPMBI) during the remaining part of the 12th Plan Period. About Unmanned Aerial Vehicles (UAVs) • Means: Aerial vehicles which operate without a human pilot. She lost her right leg in 2011 after being thrown off a moving train. with little aerodynamic penalty. Excerpts of the Sitaram Yechury committee report on Transport. Allow professionals and heads of public sector undertakings viz. 4 billion. to head CAA. The information obtained by the UAV can be streamed back to the control centre in real time.in 32 | P a g e . had already been inducted by the army. Note: The Amazing Indian Award was instituted by Times Now channel in September 2012. Ms. Email address: gargtushant@gmail. Mr. a multi-mission UAV developed by India’s Aeronautical Development Establishment (ADE). Eaves are commonly used in both the military and police forces in situations where the risk of sending a human piloted aircraft is unacceptable. The committee stated that the proposal for setting up a new aviation regulator lacks teeth in empowering the authority. Increase the number of experts in the selection committee for the appointment of Chairperson. who have the relevant experience and knowledge but were lower in rank than secretary. TUSHANT GARG. Found fault with the qualifications needed to become the chairman of the CAA in the Bill. saying it would seem that only a former civil aviation secretary would fulfill the requirements to head the CAA. • The panel.com Sitaram Yechury committee report: Revisit Aircraft Act 1934 and bring out comprehensive bill February 15. Two years later she stood on the peak of the Mount Everest with an artificial leg and an indomitable spirit to achieve the unimaginable. CAA members’ term of office should be reduced to three years from the proposed five years as it would block those persons having latest training and knowledge from becoming members. a branch of DRDO. DG and full-time members of the Authority.Current Affairs Compendium February 2014 The Nishant. or the situation makes using a manned aircraft Impractical. Helicopter type UAVs are well suited to this purpose. Hamid Ansari. because payloads can be suspended from the bottom of the airframe. TIMES NOW is India’s No. Airports Authority of India. and even infrared cameras. 2014 Ms Arunima Sinha bagged with Amazing Indian Award by the Vice President ofIndia. Tourism and Culture • • • • • The Chairperson of Civil Aviation Authority of India should be part-time only as there exists possibility of deadlock between a full time Chairperson and the Director General would be imminent. 2013. • • • Uses: To get aerial video of a remote location. infrastructural facilities for burn management and rehabilitation in 67 state Government Medical Colleges will be established in different States. 1934 because it felt that the Act is too old to tackle the emerging problems in the aviation sector. 1 English news channel that is devoted to providing pure and relevant news to its viewers around the clock. especially where there would be unacceptable risk to the pilot of a manned aircraft and can be equipped with high resolution still. • • Ms. Sinha is the first Indian amputee who scales the Mount Everest on May. for scaling Mount Everest despite being physically challenged. Tourism and Culture has rejected the Civil Aviation Authority (CAA) Bill in the present form. particularly when the sector was growing and changing fast. Used to carry and deliver a variety of payloads. 2014 The Parliamentary Standing Committee on Transport.gktoday. • At an estimated cost of Rs. video. CCEA approved National Programme on Prevention & Management of Burn Injuries (NPPMBI) February 15. (Nishant consists of an air vehicle supported by ground control station equipment mounted on Tatra vehicles and it can be moved to any location for launching whenever required making it very versatile).

apart from creating trained personnel for specialized treatment of burn injuries. Had taken over the charge from Mr.K. Holds an experience of 25 years as a global conservation leader. Khil Raj Regmi. 2013. Became the fourth prime minister from his family. Sushil Koirala: Nepal’s new PM February 15. Mr. Vaud. Dr. Surya Prasad Dikshit was the selection committee head of Vyas Samman 2013. Sushil Koirala Received 405 votes while 148 votes were cast against him out of the present 583 legislators that took part in the voting in the Parliament in the Kathmandu a short while ago. Switzerland. 2. following a peace deal with Maoist rebels in 2006.Current Affairs Compendium February 2014 • Additionally. the second largest party. novel and poetry collection. Dr. who was working as acting Prime Minister of Nepal from March 14. Marco Lambertini: New Director-General of WWF International February 15. Vishwanath Tripathi (82) honored by the prestigious Vyas Samman 2013.e. 1961. 2014. Marco Lambertini appointed as the Director General of World Wide Fund for Nature (WWF) International. Focus: On the conservation of three biomes that contain most of the world’s biodiversity: oceans and coasts. Rs. TUSHANT GARG. i. It is one the most prestigious award of India that is given every year to the poet or writer for their out standing contribution in the Hindi language. Bishweshwar Prasad Koirala and Girija Prasad Koirala. and freshwater ecosystems. He has been chosen for his memoir ‘Vyomkesh Darvesh ‘that is a biography of the noted Hindi scholar Acharya Hazari Prasad Dwivedi. 17.in 33 | P a g e . Marco Lambertini • • • • • • • • • February 15. Objective: To improve awareness among the population. Birla Foundation and the award carries a prize of Rs. Mr. Mr. especially the vulnerable groups. both the parties (UML & NC) decided to draft a new constitution and old fresh elections for the president and vice president within a year. Headquarters: Gland. Founded: April 29. 2014 Veteran Nepali Congress President. he is the chief executive of Bird Life International. Vishwanath Tripathi honored with the Vyas Samman 2013 The famous Hindi writer.gktoday. © 2014 www. About World Wide Fund for Nature (WWF) An international non-governmental organization working on issues regarding the conservation.com Mr. forests. Tripathi has around 20 publications by his name that includes memoirs. In a seven-point power-sharing deal.16 crore has also been approved for completing three Burn Units of the 11th Plan Pilot Programme.5 lakh. Also concerned with endangered species. Mr. Coalition form with the Communist Party of Nepal (United Marxist Leninist). research and restoration of theenvironment. 2014 Dr. pollution and climate change. • • • • The Vyas Samman 2012 was given to Hindi litterateur Narendra Kohli for his historical novel “Na Bhooto Na Bhavishyati” based on Swami Vivekananda. Mr. Note: The Vyas Samman award instituted in 1991 by the K. after he secured more than two-thirds of the votes in the Parliament of Nepal. Began his association with WWF as a youth volunteer growing up in his native Italy. He would be the sixth head of government since the country became a Republic in 2008. after Matrika Prasad Koirala. women and children and industrial workers regarding prevention of burn injuries. He will begin his new role with the global conservation organization on May 1. 2014 At present. Email address: gargtushant@gmail. and some other smaller groups. Mission: To stop the degradation of the planet’s natural environment and to build a future in which humans live in harmony with nature. Sushil Koirala (75) elected as Prime Minister of Nepal.

Email address: gargtushant@gmail. 2014 The Reserve Bank of India (RBI) allowed Foreign Institutional Investors (FIIs) to purchase shares in Dabur India up to 30% of the firm’s paid up capital.6 billion years ago. and the Hubble diagram. • • FIIs have been allowed to buy more shares in Dabur India as the company has passed a special resolution to increase the limit for purchase of its equity shares and convertible debentures by FIIs.6 billion years. about 6. • About SMSS J031300.36-670839. the 031300refers to the right ascension of the star on the sky and the 670839. in the Universe. SMSS J031300. primordial stars were thought to have died in violent explosions which polluted space with iron). • The new star beats the previous longevity record of 13. Non-Resident Indians (NRIs).3 star • SMSS stands for SkyMapper Southern Sky Survey. and it is widely accepted within the scientific community. FIIs held 19. • Discovery indicates that the supernovae of first generation stars may not have been as powerful as previously thought. with no traces of iron. About Big Bang Theory The Big Bang is the scientific theory that is most consistent with observations of the past and present states of the universe.36-670839.94% shares in Dabur India as of quarter ended December 2013. TUSHANT GARG.gktoday. the cosmic microwave background. • Though. Note: First generation stars are predominantly tens or hundreds of times more massive than the Sun. Astronomers can measure the star’s composition as well as iron “pollution” due to supernovae. astronomers can study the chemistry of the first stars and can give a clearer idea of what the Universe was like in its infancy.com • The discovery is the first step in understanding ancient stars that formed after the Big Bang.2 billion years set by a star dubbed HD 140283 surveyed by American astronomers. large scale structure.57 billion years old. Our Sun is approximately 4. die young and have not survived to the present day.3refers to the declination. This indicates the primordial star’s supernova explosion was of surprisingly low energy.3”: Oldest known star in the Universe discovered February 16. • Modern cosmological science stated that our universe came into existence as a result of a Big Bang event about 13.in 34 | P a g e . Foreign Institutional Investors (FIIs). • In other words. Though. etc. were consumed by a black hole that formed at the heart of the explosion. the extremely low iron content of ‘J’ (to give it a more manageable pseudonym) indicates that the explosion that formed it was relatively low energy. the second generation stars. sufficient to disintegrate the primordial star. which formed shortly after the Big Bang 13. • Showed the signs of pollution with lighter elements viz.36-670839. • Composition: Mass 60 times bigger than our Sun and is relatively close to us. 2014 The astronomers led by Dr Stefan Keller of the Australian National University (ANU) have discovered the oldest known star. Benefit of the discovery: For the first time.000 light years from the Earth. almost all of the heavy elements such as iron. RBI allowed FIIs to purchase 30% shares in Dabur February 16. carbon.Current Affairs Compendium February 2014 “SMSS J031300. Under the Portfolio Investment Scheme (PIS). They can acquire shares/debentures of Indian companies through the stock exchanges. © 2014 www.7 billion years ago. They live fast. including the abundance of light elements. have massive lifespan of over 13 billion years. magnesium. Persons of Indian Origin (PIOs) are allowed to invest in the primary and secondary capital markets in India. • The ANU SkyMapper telescope at the Sliding Spring Observatory has discovered the oldest known star in the Universe. a little smaller than the Sun.3. It offers a comprehensive explanation for a broad range of observed phenomena. • Age: Approximately 13. (Previously. • Second-generation star due to the low level of iron in the upper limit. As indicated by the data available on the Bombay Stock Exchange (BSE).

As per the existing norms of Civil Services Examination 2013 • The candidates from the open category get four attempts at passing the exam. For defense services personnel disabled during hostilities with a foreign country or in a disturbed area and released as a consequence. Under the Nirmal Bharat Abhiyan scheme. About Nirmal Bharat Abhiyan (NBA) • • • • • • • Community-led total sanitation program initiated by Government of India in 1999. Sikkim chief minister Pawan Chamling launched a community-led total sanitation campaign in 1999 for achieving full sanitation in the 7. and achieved 112. 2014. the relaxation is up to three years. Sikkim became the only state in India to achieve 100% sanitation in rural and urban households. Sikkim also topped the list among all states of the country in net performance indicators. Sikkim has constructed 98. There is also a relaxation in upper age upto a maximum of 10 years in the case of blind. to encourage sanitation activities. while candidates from OBC categories get seven. The fixed age limit for these candidates is 30 and 33 respectively. with consequential age relaxation of maximum age for all categories of candidates. the Himalayan state. 1989. © 2014 www. Objective: Accelerate sanitation coverage in rural areas to achieve the vision of Nirmal Bharat by 2022 with all gram Panchayats in the country attaining Nirmal status.in 35 | P a g e . 2014 The Union Government has decided to give an additional 2 attempts along-with a consequential age relaxation to all categories of candidates for the Civil Services Exam conducted by Union Public Service Commission (UPSC). The examinations are conducted in three stages: Preliminary. deaf-mute and orthopaedically handicapped candidates besides other categories. “Two additional attempts” for all categories of candidates in UPSC’s Civil Services Exams February 16.043 individual household latrines against the target of 87. TUSHANT GARG. if required. The scheme was implemented by the Union Ministry of Drinking Water and Sanitation. • • • • The state has also sensitized people to adopt a holistic approach to improve sanitation and hygiene in a clean environment while accelerating its overall development. Email address: gargtushant@gmail. Indian Police Service (IPS) and Indian Foreign Service (IFS) among others. Mission: To eradicate the practice of open defecation by 2017. sanitary complexes and Aanganwadi centres. Motivate communities and Panchayati Raj Institutions promoting sustainable sanitation facilities through awareness creation andhealth education. • • • The upper age limit is also relaxable upto a maximum of five years if a candidate had ordinarily been domiciled in Jammu & Kashmir during January 1.014 till January. Ambassador: Bollywood Actress Vidya Balan.com Sikkim: India’s first state to achieve 100% sanitation coverage February 16. 2014. the state government has instituted a “Nirmal Gram Puraskar” (Clean Village Award). 1980 to December 31. Govt. The Ministry of Personnel in its order stated that it has approved two additional attempts to all categories of candidates with effect from Civil Services Examination 2014. 2014 As per the report released by the Union Ministry of Drinking water and Sanitation.096 sq km area of the state. And. Candidates from SC/ST communities have no cap on the number of attempts but have an age limit of 35. schools.Current Affairs Compendium February 2014 Note: The ceilings on FIIs/ NRIs)/ PIOs) investments in Indian companies are monitored by RBI on a daily basis. of India launched Nirmal Gram Puraskar (NGP) to encourage the Panchayati Raj Institutions (PRIs) to take up rural sanitation promotion and attain 100% open defecation free Panchayats. the RBI has fixed cut-off points that are 2% points lower than the actual ceilings. Note: The Civil Services Examination (Preliminary).67% of its target. Encourage cost effective and appropriate technologies for ecologically safe and sustainable sanitation. mains and interview. For effective monitoring of foreign investment ceiling limits. is tentatively scheduled for August 24.gktoday. The UPSC conducts the civil service exams to select members of the Indian Administrative Service (IAS).

Email address: gargtushant@gmail. through social mobilization for construction of toilets and also maintain clean environment by way of safe disposal of wastes.Gurunath Meiyappan (the Son-in-Law of BCCI president N Srinivasan) stand proved.com Mukul Mudgal Committee report on IPL spot fixing scandal February 16. if the team. team owner or anyone else associated with the team tries to bring in bad image on the league. He succeeded Mr. Note: Sikkim is India’s least populated and second smallest state in area after Goa. Ankeet Chavan. Recommendations of Mukul Mudgal panel • • • • Senior players should make ensure that younger players are aware about the spot-fixing and other things that tarnish the image of the sport as well as the player or team. Under the Nirbhaya Fund for women safety. the Cabinet Committee on Economic Affairs (CCEA) approved Rs 1. 2014 Mr. The Union government has directed all state governments to follow the guidelines. TUSHANT GARG. 2014. the two teams Chennai Super Kings and Rajasthan Royals may be suspended. BCCI should make a proactive approach against players and bookies instead of wait for the media probe. More investigation is needed against Rajasthan Royals owner Mr. then the team can be suspended immediately. CCTV in public road transport. Jatinder Bir Singh: Appointed as a new CMD of Punjab and Sind Bank February 16. who is facing charges of betting and fixing the match. 2014 February 16. 2013.P.gktoday. Amit Singh and Siddharth Trivedi – on the basis of evidence provided by Delhi Police were facing criminal trial and adequate punishment has been imposed upon them by the BCCI.in 36 | P a g e . official. Mr. 2014 The Justice Mukul Mudgal Committee submitted its report to the Supreme Court after investigating allegations of spot-fixing and betting in the Indian Premier League (IPL). D.3 of the IPL franchise agreement in any case.Current Affairs Compendium February 2014 • Total Sanitation Campaign (TSC) is being implemented in association with Panchayati Raj Institutions (PRIs) at all levels. The project: • • Involves setting up of closed circuit television (CCTVs) and using GPS to ensure safety and security of women and girls in distress. • • Constitution of IPL Governing Council. The allegations of spot-fixing and match fixing against five players – Sreesanth. Will be implemented within two years after allocation of funds to set up a National Level Vehicle Security and Tracking System and City Command and Control Centre with installation of GPS.405-crore project to track and monitor public transport and provide alarm buttons for alerting authorities. Note: Earlier. then the necessary action shall be taken against the defaulters. the Road Ministry set the deadline for passenger vehicle owners to install these devices by September 30. Singh was an Additional Secretary in the Ministry of Water Resources. All the owners of public service vehicles are required to get Global Positioning System (GPS) installed in their vehicles by February 20. Previously. The game should be made more clear and transparent. The ministry of road transport and highways has ordered to all public transport vehicles plying in cities with a population of more than 10 Lakh will have to install GPS (Global Positioning System) devices by February 20. Central Government: All public transport vehicles must have GPS by Feb 20. As per the Clause 11. He is 1983-batch IAS officer of AssamMeghalaya cadre. Ajit Chandila. 2014. Singh. As per the Mukul Mugdal Committee report • • • The allegations of betting and passing of information against Mr. Jatinder Bir Singh appointed new Chairman and Managing Director of Punjab and Sind Bank (PSB). Mr. Raj Kundra. Information should be shared with other agencies by BCCI. © 2014 www. 2014 The Union Ministry of Road Transport and Highways set a deadline for public transport vehicles running in major cities with a population of over 10 lakh to install GPS devices by February 20. Those who fail to install.

the Reserve Bank of India (RBI) imposed curbs on banks investing in their group companies. 2014 On the second phase of the Jawaharlal Nehru National Solar Mission(JNNSM). Note: On March 7. At that time. exceeds prudential limits.in 37 | P a g e . In such situations. the Supreme Court of India will examine the report submitted by the panel.gktoday. the Government of India stated that it hadn’t violated global trading norms under the World Trade Organization (WTO). As per the RBI’s guidelines on management of Intra-Group Transactions and Exposures (ITEs) Banks are allowed to invest 5% of their paid-up capital in the case of non-financial companies and unregulated financial services companies. The limit is 10 % for regulated financial services companies. Note: As per existing norms. meet minimum requirements with respect to group risk management and group-wide oversight. • In February 2013. • • • • • • • Fixed an aggregate group exposure limit for intra-group transactions at 20% for all financial and non-financial entities taken together and limited 10% for non-financial and unregulated entities. Email address: gargtushant@gmail. Though. Objective of ITEs measures: To ensure that banks maintain arm’s length relationship in dealings with their own group entities. • The guidelines will become effective from October 1.Current Affairs Compendium February 2014 • In its recommendation. Banks should submit data on intra-group exposures to the RBI (Department of Banking Supervision. 2014. It alleged that the requirement was discriminatory and against international norms. and affects US solar panel manufacturers. Mukul Mudgal. even as the US filed a second case against India in WTO. If the intra-group exposure. as the case may be) until it is brought down to within the limit. Banks must also ensure transactions in low-quality assets with group entities aren’t carried out to hide losses or window-dress balance sheets. By March 31. The apex bank might impose a penalty for frequent breaches of the prescribed limits. manage and review exposures arising from intragroup transactions. Chairman: Mr. About Mukul Mugdal Committee • • • • • • Formed: By Supreme Court in October 2013. and adhere to prudential limits on intra-group exposures. The panel led by Justice Mudgal made the report after compiling statements of players. officials associated to IPL and Journalists. including World Trade Organization (WTO) laws. 2014. 2014 In a bid to mitigate the financial risk from concentration of business. a bank can take single borrower exposure upto 25% of bank total capital and upto 55% for group exposure. banks will have to reduce their intra-group exposure that exceeds the prescribed limit. 2014. Other members: Additional Solicitor L N Rao and Nilay Dutta. 2016. either at the single entity level or at the aggregate level. Why USA Trade Representative filed a case against India at WTO on the issue of Phase II of JNNSM? The United States of America (USA) challenged the domestic content requirement in Phase II of India’s National Solar Mission (NSM). TUSHANT GARG. monitor. it didn’t pursue that case. RBI imposed restrictions on intra-group investment by banks February 16. the additional exposure would be deducted from the bank’s common equity Tier-I capital. from the quarter ending December 31. the US had filed a similar case related to the first phase of the mission. banks cannot undertake any further intra-group exposure (at the entity or aggregate level. Purpose: To investigate spot-fixing in IPL matches. it has also suggested getting registered agents of the players by BCCI and those agents should not be allowed to travel with the players. What is India’s perspective against the allegations made by USA on the issue of Phase II of JNNSM? © 2014 www. it should be reported at the earliest in the prescribed returns along with the reasons for the breach. which requires solar power developers to use Indian-made equipment. Banks should ensure they have systems and controls in place to identify. Central Office). the Retired Chief Justice of Punjaband Haryana High Court.com Solar mission: US again challenged India’s solar export restrictions in WTO February 16.

TUSHANT GARG. Manmohan Singh in 2010. if the matter is not resolved through consultations within 60 days of the request.gktoday. Scientists have developed the first 3-D movie of living sperm that can help doctors to select most viable sperm to improve odds during In Vitro Fertilization (IVF).200MW (off-grid and on-grid) ended in March 2013. About Jawaharlal Nehru National Solar Mission (JNNSM) • • • • • • • Also known as the National Solar Mission. Thus. the off-grid solar energy target was only 200 MW). 2014 The track of a single sperm cell with a bent tail. Why there is a bone of contention between India and USA over the domestic content requirement in Phase II of India’s solar program? In the Phase II of the solar mission. a complainant first seeks consultations with the target country. solar thin film consists of the majority of US solar product exports to India and these domestic content requirements will probably cause even greater harm to US producers than under Phase I. in two dimensions (left) and three dimensions (right). Phase II (2013–17) and Phase III (2017–22). which typically takes 60 days. Subsequently. Officially launched by Prime Minister of India. At present. Emailand address: gargtushant@gmail.Current Affairs Compendium February 2014 The Government of India dismissed the allegations and stated that its national solar mission programme is WTO-compliant and it would defend its stand in the Geneva-based multilateral body. That’s why. • • India argued that its solar policies are legal under WTO government procurement rules that permit countries to exempt projects from nondiscrimination obligations. a panel of lawyers is constituted and the case is officially registered as a trade dispute. Objective: To establish India as a global leader in solar energy. the Ministry of New and Renewable Energy (MNRE) has freed half the projects from local sourcing conditions. by creating the policy conditions for its diffusion across the country as quickly as possible.in 38 | P a g e .000 MW grid-connected and 800 MW off-grid solar power by 2017. • • • Phase I of policy implementation: MNRE involved developers of solar photovoltaic (“PV”) projects employing crystalline silicon technology to use solar modules manufactured in India.com Part of National Action Plan on Climate Change. Mission: To have 20 GW of grid-connected solar power by 2022 to make it as cheap as electricity from conventional sources. Note: Under WTO dispute-settlement body norms. there is there is a bone of contention between USA and India. Credit: Biomedical Optics Express. The first phase with a target total of 1. The second phase has a target of 9. Ministry of New and Renewable Energy (MNRE) pointed out that many US companies have won contracts in phase II of India’s National Solar Mission. the US states may ask the WTO to establish a dispute settlement panel. © 2014 www. Dr. there should not be such issue of discrimination against them. Under WTO rules. “Digital Holographic Microscopy” technique: First ever 3D film of a living sperm developed February 16. Phase II of policy implementation: MNRE expanded this domestic sourcing requirement to crystalline silicon solar cells and thin film technologies as well. Adopted 3-phase approach: Phase I (2012-13). (In the first phase.

sperm concentration and mobility in semen are assessed either by subjective visual evaluation or a process known as Computer-Assisted Sperm Analysis (CASA). Viewing a progressive series of these holograms in a real-time video. TUSHANT GARG. Narendra Modi’s (BJP’s prime ministerial candidate) election campaign for the Lok Sabha elections due by May. with the second beam.gktoday. Apple. 2014 The Indian-American professionals from many IT companies viz. Email address:– gargtushant@gmail. The resulting image is a hologram containing information relative to the morphologies of the sperm and their positioning in threedimensional space. etc. Generates a progressive series of holograms. India to follow new standard for tracking black money February 16. Note: In vitro fertilization (IVF) is a process by which an egg is fertilized by sperm outside the body. Helpful for doctors: To sort the good sperm cells from the less viable ones. Oracle. scientists can watch sperm move and look for structural anomalies that make them less viable. To make use of latest technology to cut power transmission losses in India. They will compile all the suggestions discussed and send them to a team formed by BJP in India.in 39 | P a g e . such as the “bent tail” that prevents the cells from swimming straight.to visualize live sperm in not only two dimensions (the x and y positions) but also their depth (z position) as well. USA. Microsoft. At present. Cisco. set up the first NaMo tea stall in Silicon valley. It is a major treatment for infertility when other methods of assisted reproductive technology have failed. These professionals met at Indian tea-stall in Ortega Park in Sunnyvale as part of the volunteer group – “I Care for India”. NRIs set up first NaMo tea stall in Silicon valley. First technique for collecting data on sperm cell motility – a key predictor of IVF success – in three dimensions and over time. There they discussed the role of technology in solving Governance issues in India. that takes 3-D movies of living sperm and to show the sperm’s movement and behavior in real time. after magnification through a microscope. USA February 16. About the first 3-D movie of living sperm • • • • Provides detailed 3D imaging of the sperm’s form and structure to detect potential infertility-causing anomalies. 2014 © 2014 www. Objective: To extend their support to BJP’s Prime Ministerial candidate Narendra Modi for the Lok Sabha polls. Such as: • • Use the latest technology to cut power transmission losses in India Fully computerize the process of government tenders and provide technological aid to Indian farmers. • • • The superimposed beams generate an interference pattern that we can record on camera. but with the unprecedented bonus of seeing cause and effect relationships between the two. How the researchers developed the First ever 3D film of a living sperm? Researchers first separated laser light into two beams. They transmitted one beam through a dish containing live. etc. Note: NaMo Tea stalls or ‘Chai pe charcha’ programmes are to interact with the public of India and to take suggestions from the public on the various issues related to the progress of the country viz. using a tracking system. fully computerizing the process of government tenders and providing technological aid to Indian farmers. we can observe how the sperm move and determine if that movement is affected by any abnormalities in their shape and structure. 2014. swimming sperm cells and then recombined it. gives morphology and motility data on sperm consistent with that found in previous studies.Current Affairs Compendium February 2014 The 3-D imaging technique also known as Digital Holographic Microscopy(DHM). researchers combined microscopy and holography the creation of 3-D images . This mega outreach programme is a part of Mr. eBay.com In other words. good governance. All these suggestions would send to a team formed by BJP in India to support BJP’s Prime Ministerial candidate Narendra Modi. OECD issued new standard to combat black money.

in the Rajya Sabha to prevent the spread of HIV/AIDS and to protect the human rights of people living with it. dividends and other investment income to their government. In-principle approval of the Centre will enable the state government to take necessary action required for faster implementation of the project. Highlights of the new tax standards set by the Global economic body O. In other words.000 as a “real game changer” that would deter evasion and help tax authorities identify citizens hiding money offshore.E. Union Health Minister Ghulam Nabi Azad stated that: For receiving free ART. 2014 meeting in Sydney. denial or termination of employment or occupation. India is estimated to have 2. OECD will formally present the standard for the endorsement of G20 finance ministers during a February 22-23. Note: ART consists of the combination of at least three Anti-Retro Viral (ARV) drugs to maximally suppress the HIV virus and stop the progression of HIVdisease. Pune Metro Rail Project • • Objective: To provide a world class state of the art metro rail system on pattern of Delhi Metro. Email address: gargtushant@gmail.39 million people living with HIV/AIDS. • • Governments would automatically share information on taxpayers’ offshore bank and brokerage accounts with foreign tax authorities. The government would then make that information available automatically to any other government that had signed the information-exchanging agreement.Australia. Objective: To smooth the automatic exchange procedures those are used to crack cases of offshore tax evasion and illegal stashing of money. brokers and some insurers and investment funds would have to report residents’ account balances as well as interest. • • Plan: for automatic exchange of information on bank accounts holding more than $250. this new standard on automatic exchange of informationwill build up international tax co-operation and place governments back on a more even footing as they seek to protect the integrity of their tax systems and fight tax evasion. The Union Government has also tabled the Human Immunodeficiency Virus Acquired Immune Deficiency Syndrome (Prevention and Control) Bill. the minimum CD4-count limit reduced from 500 to 350. • • The Bill seeks to prohibit any kind of discrimination against the infected person — for instance.com Anti-Retroviral Therapy (ART) to more of them by revising the eligibility norm. 2014 The Union Ministry of Urban Development gave an “in-principle” approval to the Phase – I of the Pune Metro Rail Project. denial of access to any sector and forcible HIV testing. unfair treatment.gktoday. Will cover a length of 31. • • Financial companies would also be required to identify the ultimate beneficiaries of shell companies. Corridor-1 cover16. Currently. Till now. The highly expensive therapy (Third-Line Therapy) would enhance longevity and improve the quality of life of patients and will also be provided free of charge to patients. Banks. 42 countries including India adopted a new global standard for automatic exchange of information on offshore tax evasion and committed to share tax details.51 km along two corridors viz.59 km from PCMC to Swargate and Corridor-2 cover 14.Current Affairs Compendium February 2014 The Organization for Economic Cooperation and Development (OECD)revealed a new “game-changing” mechanism to combat the menace of offshore tax evasion.C. • • • • • The third-line therapy also known as salvage or rescue therapy is prescribed for people who have limited drug options left.92 km from Vanaz to Ramwadi and improve the public transport system in the city of Pune. 2014 The Union Ministry of Health and Family Welfare launched third-line drug therapy for people living with HIV/AIDS and extended free TUSHANT GARG. © 2014 www. “Pune Metro Rail Project” approved by Central Government February 16. Union Government launched HIV Salvage Therapy February 16.D. At the launch of the National AIDS Control Programme Phase IV (2012-2017). The count is a measure of the viral load. trusts and similar legalarrangements that now can be used to evade taxes. 2014.in 40 | P a g e .

Note: Smokeless tobacco accounts for 90% of oral cancers. to use of psychoanalytical tools while viewing Vedic. till his death in 1970. Jharkhand.com Any forms which contain tobacco are prohibited in the state viz. Odisha. Crores of devotees from far-flung areas viz. Man-of-the-match: R. Assam would be the first to impose the ban through legislature. Mr. Recently. Karnataka last won the Irani Cup in 1998 at the same venue. © 2014 www. 1000 for the first offence and Rs. consumption. TUSHANT GARG. 2014 Karnataka clinched the Irani Cup 2013-14 for the fifth time after defeating Rest of India in the final held at Chinnaswamy Stadium. Assam became the First State to legally ban smokeless tobacco February 16. gutka and pan masala containing tobacco shall be punished with a fine of Rs. For violating the law.gktoday. The issues against the book range from factual errors. trade and business. began at Medaram in Warangal district of the Telangana region. Bangalore. who moved to court alleging distortion aimed at denigrating Hindu traditions. Maharashtra Government has proposed to implement the project through a Special Purpose Vehicle jointly owned by the Centre and the state government. Consumption or possession of zarda. Vinay Kumar. Email address: gargtushant@gmail. Irani. Sammakkaa Saarakka is a 4-day biennial fair which is celebrated to pay tribute to the tribal warrior Sammakka and her daughter Saaralamma Saaralamma who sacrificed their lives while fighting against the army of Kakatiya dynasty to protect their people. 2014 Publisher Penguin India agreed to withdraw American Indologist Wendy Doniger’s book “The Hindus: An Alternative History” from the Indian market. Karnataka and Tamil Nadu participated in the fair. Karnataka beat Rest of India by an innings and 222 runs to win the trophy.183 crore and the targeted year of completion is 2021. As per the settlement between the complainant and Penguin publishers. Penguin will destroy all copies of the book.in 41 | P a g e . “Sammakkaa Saarakka” or “Jatara”: Largest tribal religious congregation of world began February 16. Thus sale. 2014 Assam became the first state to legally ban consumption of all forms of smokeless tobacco. 5 lakh. within six months. including pan masala containing tobacco and nicotine. one shall be punished with imprisonment up to 7 years and fine between Rs. khaini. dubbed “disrespectful of Hinduism”. Provisions of (Ban on Smokeless Tobacco ) Act • • • • Ban on all kind of advertisement. production. Hindu and Indian gods. the largest tribal religious congregation in the world. “Sammakkaa Saarakka” Fair or “Jatara”. manufacturing. Though many states have imposed similar bans under the food safety regulation. “The Hindus: An Alternative History”: Penguin withdraws Doniger book on Hinduism February 16. Maharashtra. distribution. Vinay Kumar became the third Karnataka captain to win both the Ranji Trophy and Irani Cup in the same year. Karnataka clinched the Irani Cup 2014 February 16.Current Affairs Compendium February 2014 • The capital expenditure is expected to be around Rs 10. Karnataka defeated Maharashtra by seven wickets to win 2013-14 Ranji Trophy at the Rajiv Gandhi International Stadium. who was associated with the Board of Control for Cricket in India (BCCI) from its inception in 1928. storage and advertisement of all forms of smokeless tobacco including pan masala have been banned in Assam. trading. Any thing which promotes tobacco consumption is come under this act. etc. promotion.R.1 lakh and Rs. under Venkatesh Prasad. The main contention of all petitioners is that the book insults and offends Hindus and Indians. sale. dates. Hyderabad.Chhattisgarh. pan masala. 2000 for each subsequent offence. gutkha. 2014 In Andhra Pradesh. Irani cup was named after the late Z. maps. The decision made between the publisher and Delhi based complainant organization called“Shiksha Bachao Andolan”.

9% in 2013-14 February 16. Services sector (finance. Gen.in 42 | P a g e .5%. Mining and quarrying: Probably to contract 1. 2014 Major General Konsam Himalaya Singh became the first Lieutenant General in the army from North East States. Major General KM Singh is serving in the military secretary’s branch which is headquartered in New Delhi.2% in this financial year compared with growth of 1.5% in 2012-13.com as against the previous year’s estimate of 2. gas and water production: The growth in these sectors is likely to improve to 6% in 2013-14 from 2.9% as compared to the growth rate of 4. Mr.1% in 2012-13. 2014 As per the advanced estimates released by the Central Statistics Office (CSO). (GFCF is an indicator of investment) The rate of expenditure on valuables at current prices has gone down from 2. Rangarajan described the latest estimate of 4. Electricity.2% this year compared with 10.961 as compared to the first revised estimate for the year 2012-13 of Rs 38. forestry and fishing: Will probably show a growth of 4.5% in this financial year.gktoday.8% TUSHANT GARG. Manufacturing: Expected to contract 0.4%.1%.1% in 2013-14.9% for 201314 as an encouraging indication that economic slowdown is over. Albeit around 2 Indian Air Force Officers from the North Eastern region have risen to 3-star rank. C. Index of Industrial Production (IIP). The rates of Gross Fixed Capital Formation (GFCF) at current and constant (2004-05) prices during 2013-14 are estimated at 28.4%. 2014 The Vice President of India Mr. transport and communication: Probably improve to 3. insurance. Key sectors that have taken into account while estimating the of national income at constant (2004-05) and current prices. Presently. the growth in Gross Domestic Product (GDP) during 2013-14 is estimated at 4.7% from 1. Mohammad Hamid Ansari launched the ‘India-China Year of Friendly Exchanges’ in New Delhi. (Karnataka are the current Ranji champions). • Per capita income in real terms (at 2004-05 prices) during 2013-14 is probably to attain a level of Rs 39. Singh commanded 27 Rajput Regiment and he was awarded Yudh Seva Medal for leading successful operations.5% and 32. Department of Agriculture & Cooperation(DAC). “India-China Year of Friendly Exchanges” launched by Vice President of India February 16. for the financial year 2013-14 • Based on expected level of agricultural production from the Ministry of Agriculture.Current Affairs Compendium February 2014 Note: This victory of Karnataka made it the first ever Ranji Trophy champion in the last eight seasons to win the Irani Cup also. The growth rate in per capita income is estimated at 2. Initiatives taken by India to form closer and stronger relationship with © 2014 www. as against the previous year’s growth rate of 1. monthly accounts of Union Government Expenditure maintained by Controller General of Accounts (CGA) and of State Government expenditure maintained by Comptroller and Auditor general of India (CAG). Community social and personal services growth would be better at 7. Major General Kosnam Himalaya Singh February 16. He was awarded the Ati Vishisht Sewa Medal in 2013. Singh is the senior most serving officer in the army from Manipur.920 as compared to Rs 67. • • • • • • • • • • • • Per capita income at current prices during 2013-14 is estimated to Rs 74.856.839 during 2012-13. Construction: Will probably improve to 1.9% as compared to 2. for the financial year 2013-14 are: Agriculture. shows a rise of 10. Trade. real estate and businessservices sectors): Expected to grow 11. Email address: gargtushant@gmail.1% in the previous year.3% previously.3 per cent in 2012-13.4% as compared to 5.2% decline in production 2012-13. Maj. Note: The Chairman of the Prime Minister’s Economic Advisory Council. The advance estimates of national income at constant (2004-05) and current prices. CSO: India’s Economy to grow by 4.6% in 2012-13 to 2. hotels.6% in its GDP during 2013-14.9% in 2012-13. Kosnam Himalaya Singh is the first from the Army to reach this rank. In Kargil war.

Indiaranked eighth in the list of ten countries in terms of digital governance. schools across the length and breadth of our country. the UAE. The official talks held between Taiwan’s Mainland Affairs Minister Mr. Plan to highlight Indian culture in China through a programme entitled ‘Glimpses of India’. Singapore. Email address: gargtushant@gmail. BSE Ltd set up the BSE SME Platform as per the rules and regulations laid down by SEBI. like Hong Kong. the Kingdom ofSaudi Arabia. 2014 As per new comparative study by Accenture. This will also ensure a more balanced trade between our two sides. followed by Norway and the United Arab Emirates(UAE). These countries are also connected across agency boundaries and have a strong culture of collaboration and data sharing.E. Note: Digital governance means to offer online portals to access public services to employing digital channels and social media to communicate and engage with citizens. (Gave a cumulative score from one to 10). Recently.in 43 | P a g e . also agreed to deepen economic ties and “appropriately deal with” issues on medical care for students in either place. BSE SME Institutional Trading Platform (ITP) © 2014 www. About China-Taiwan relations • • • • China and Taiwan ruled by separate governments since the end of the Chinese civil war in 1949. after a brutal China’s civil war. Acenture study: India ranked 8th in demand for digital governance February 16. Citizen Satisfaction and Service Maturity. big data. two systems” solution. social media. Parameters that are taken into account to measure the countries digital governance: Citizen Service Delivery Experience. 22 Chinese teachers have come to teach at selected C. high-performing digital governments are focusing on their digital strategy.would like to use social media to engage with government.Germany. • • • Countries where survey conducted by Acenture: Brazil. Singapore topped the list. 2014 The Bombay Stock Exchange (BSE) launched an Institutional Trading Platform (ITP) to help Small and Medium Enterprises (SMEs) and start-up companies to list on the bourses without an Initial Public Offer (IPO). Wang Yu-chi and China’s Vice Foreign Minister Mr. Zhang Zhijun (who heads the Taiwan Affairs Office) at Nanjing.gktoday. One of the ideas.com Note: The official talks between the two countries are sensed as an attempt to facilitate wider exchanges and building cross-strait relations and a confidence building exercise. Outcome of the official level talks: Both the countries agreed to set up representative offices “as early as possible” for the two semi-official organizations which deal with ties between the two. As indicated in the report. continuing long-term investment in key information and communication technology (ICT) assets and leveraging the power of new technologies viz.Current Affairs Compendium February 2014 China: • • • To promote Chinese companies to establish production and supply chains which will link our economies. China has offered a “one country.S. India. To introduce Chinese language in the middle schools in India. which is being looked at carefully is of a dedicated ChineseIndustrial Park in India. South Korea. analytics. Norway. Taiwan has never formally renounced its decades-old claim to the whole of China. etc. China and Taiwan hold first high-level meeting since 1949 February 16. And. BSE launched Institutional Trading Platform (ITP) on SME February 16.B. 2014 The Representatives of Taiwanand China hold their first high-level meeting since they split 65 years ago. Jiangsuprovince of China. China’s constitution claims Taiwan as part of its territory. mobility. TUSHANT GARG. the United Kingdom and the United States. Note: The Year 2014 has been designated by the Governments of India and China as the Year of Friendly Exchanges. Citizens’ perception of digital government in the survey: 81% – would like their government to provide more services through digital channels and 64%. cloud computing.

venture capital funds. 2.com The company has not completed a period of more than 10 years after incorporation and its revenues have not exceeded 100 crore rupees in any of the previous financial years At least one of the following criteria: 1. Offers an entrepreneur and investor friendly environment. and West Bengal. © 2014 www. Madhya Pradesh. No regulatory action has been taken against the company. Will provide easier entry and exit options for investor’s viz.gktoday. 4. has invested a minimum amount of 50 lakh rupees in the equity shares of the company through such association/group. Note: SEBI has made the provision in ICDR guideline by introducing Chapter XC whereby listing on the Exchange made possible without bringing Initial Public Offer (IPO). angel investors. 2014 The Government of India (GOI) and Asian Development Bank(ADB) signed a $275 million loan agreement to continue improving rural roads in the states of Assam. India and ADB signed loan agreement to improve rural roads in 5 States February 16. The company has received finance from a scheduled bank for its project financing or working capital requirements and a period of 3 years has elapsed from the date of such financing and the funds so received have been fully utilized. Tax benefits to long term Investors. A registered merchant banker has exercised due diligence and has invested not less than 50 lakh rupees in equity shares of the company which shall be locked in for a period of three years from the date of listing. into a regulated and organized sector. The company. its promoter or director. Will enable SMEs to raise money without having to go through the extensive IPO process. A qualified institutional buyer has invested not less than 50 lakh rupees in the equity shares of the company which shall be locked in for a period of three years from the date of listing.Chhattisgarh. and private equity equity players. which enables the listing of SMEs from the unorganized sector scattered throughout India. Email address: gargtushant@gmail. Reserve Bank of India. venture capital fund or other category of investors/lenders approved by the Board has invested a minimum amount of 50 lakh rupees in equity shares of the company. group companies or subsidiaries have not been referred to the Board for Industrial and Financial Reconstruction within a period of five years prior to the date of application for listing. The Eligibility Criteria for the company desirous of listing are as follows: Regulatory Criteria: • • • • The company. 1956 has invested in the equity capital of the company. 3. group company or director does not appear in the willful defaulters list of Reserve Bank of India as maintained by Credit Information Bureau (India) Limited (CIBIL). At least one alternative investment fund. Over 46 companies are listed in the SME category. 6. The loan represents the second tranche of $800 million financing facility under the Rural Connectivity Investment Program (RCIP). its promoter.Current Affairs Compendium February 2014 • • • • • • • Facilitate capital raising by small and medium enterprises including start-up companies which are in their early stages of growth . There is no winding up petition against the company that has been admitted by a competent court. for the immediately preceding financial year at the time of making listing application. InsuranceRegulatory and Development Authority or Ministry of Corporate Affairs within a period of five years prior to the date of application for listing. The company has at least one full year’s audited financial statements. by the Board. TUSHANT GARG.in 44 | P a g e . A specialized international multilateral agency or domestic agency or a public financial institution as defined under section 4 A of the Companies Act. Financial Criteria: • • • • The paid up capital of the company has not exceeded 25 crore rupees in any of the previous financial years.Odisha. With an advanced trading platform and better services launch of ITP on BSE SME will complete the products which are valuable to investors and companies. At least one angel investor who is a member of an association/group of angel investors which fulfils the criteria laid down by the recognized stock exchange. 5.

(b) Declare that the powers of the Legislature of the State shall be exercisable by or under the authority of Parliament. and West Bengal are charged with overall implementation at the state level for a period of 43 months. Breakdown of a coalition.Current Affairs Compendium February 2014 • • Joint secretary of Department of Economic Affairs. Delhi: President rule imposed after AAP’s resignation February 18. 2014 The Aam Aadmi Party (AAP) leader.800 rural habitations. the Congress party extended its unconditional support to AAP for forming government. the President of India. etc. Mr. Madhya Pradesh. while the state governments of Assam. Congress (8) and one of the Janata Dal (United) and an Independent. assembly has not been dissolved and the house has been kept under suspended animation. the governor heads the state and takes all the power.com youngest chief minister of Delhi on December 28. the President may by Proclamation (a) Assume to himself all or any of the functions of the Government of the State and all or any of the powers vested in or exercisable by the Governor or any body or authority in the State other than the Legislature of the State. Odisha. In reference to the provision of Article 239 and Article 239AA of the Constitution.15% per year. Rural Connectivity Investment Programme (RCIP): A multi-tranche financing facility (MTFF) started by Asian Development Bank (ADB). Mr. After the implementation of president rule. RCIP will construct or upgrade the 9000 km of rural roads to an all-weather standard connecting around 4800 habitations in the States of Assam. on receipt of report from the Governor of the State or otherwise. • • • The loan will construct 3. M. commitment charge of 0.in 45 | P a g e . the assembly is either dissolved or kept in suspended. In practice president’s rule has been imposed under different circumstances viz. Pranab Mukherjeeimposed President’s rule in Delhi and accepted the resignation of Chief Minister Mr. The central government will provide counterpart funds of $81. In the 70-member Assembly.56 million. after failing to introduce and pass the Jan Lokpal Bill in the Delhi Assembly. Arvind Kejriwal resigned as Delhi CM February 18. it didn’t have the majority. Chhattisgarh. Chhattisgarh. © 2014 www. Second phase of project is expected to be completed in June.693 km of all-weather rural roads in the states which will benefit nearly 1. Mr. Nilaya Mitash and Country Director of ADB. With President’s rule imposed in Delhi. As per Article 356(1) in the Constitution of India 1949 (1) If the President. Teresa Kho signed the pact.56 million for a total second tranche project investment cost of $356. the Delhi Jan Lokpal Bill was opposed by 42 MLAs: BJP (32). Mr. 2017. President’s Rule (Article 356 of the Constitution of India) Purpose: To deal with the failure of the Constitutional machinery of an Indian state. thereby impose president rule. Arvind Kejriwal. Email address: gargtushant@gmail. Madhya Pradesh and West Bengal. Kejriwal was sworn in as the secondTUSHANT GARG. The President on the advice of the governor or on his own attains the right to dissolve the state government and its council of ministers. Although. the National Capital Territory of Delhi will be administered by President through Lt. State Legislature is unable to elect a leader as Chief Minister. and interest rate to be determined in accordance with ADB’s LIBOR-based lending facility. Lt-Governor Najeeb Junghas become the direct administrator of the NationalCapitalTerritory. Ministry of Finance. Arvind Kejriwal resigned from the post of Chief Minister of Delhi. Note: The second tranche from the ordinary capital resources of ADB has a 25-year term including a grace period of 5 years. Governor. The parliament must approve the president rule to come into effect. Executing agency of the project: Ministry of Rural Development (MORD) at the central level. • When President’s rule is imposed. Odisha. Mr. 2013. Elections postponed for unavoidable reasons. is satisfied that a situation has arisen in which the government of the State cannot be carried on in accordance with he provisions of this Constitution.gktoday. Note: The AAP formed the government after winning 28 seats out of 70 in the Assembly election in Delhi. along with his council of ministers. • • • • • • • Though. Ms. 2014 On the advice of Union cabinet.

• • The acquisition of aircrafts is a mix of 25 E190-E2s and 25 E195-E2s with an additional purchase rights for 50 aircrafts to bring the total potential order to up to 100 aircraft and can reach $5.com Brendon McCullum became New Zealand’s first triple-centurion in 84 years of Test cricket in the second test match against India in Wellington. Air Costa signed an agreement with Brazilian aircraft manufacturer Embraer to buy 50 E-Jets E2 aircraft worth $2. Article 239AA (Special provisions with respect to Delhi) – deal with the Legislative and executive jurisdiction of Delhi. they will also collect a cheque of $450. A two-Test series loss has resulted in India slipping from 117 ratings points to 112 that means that they are ahead of Australia by just one rating point. About fire resistant paper • Will not catch fire even at 1000 degrees Celsius © 2014 www. Note: At present. the President’s rule imposed due to the resignation of Aam Aadmi Party led Government and no party or coalition came forward with required majority to form Government. Here. India’s Air Costa signed an agreement to buy 50 Embraer Jets February 19. the President may appoint the Governor of a State as the administrator of an adjoining Union territory. Chinese scientists developed flexible fire resistant paper February 19. Australia has a chance to go ahead of India on the table before the April 1.000. South Africa is at the number-one position in the ICC Test team rankings and if they remain at the top in the list till the cut-off date.88 billion if all are exercised. 2014 cut-off date. Outcome of the series: • • • • TUSHANT GARG.000 will go to the third-ranked team. Note: Embraer S. entry 2 with police and entry 18 with land.Current Affairs Compendium February 2014 (c) Make such incidental and consequential provisions as appear to the president to be necessary or desirable for giving effect to the objects of the Proclamation. he shall exercise his functions as such administrator independently of his Council of Ministers. or to suspend in whole or in part the operation of any provision of this Constitution relating to High Courts.000. About Article 239 and Article 239AA Article 239 (Administration of Union territories) • • Every Union Territory shall be administered by the President acting through an administrator to be appointed by him with such designation as he may specify. in Delhi.94 billion. Notwithstanding anything contained in Part VI. India retained their second position in the ICC Test team rankings.A. New Zealand won 2-Cricket Test series against India 1-0 February 18. Man of the Match: Brendon McCullum. Air Costa will be the first customer of the E-Jet E2 in the Indian market when it takes the first delivery in 2018. Wellington ended in a draw. The side that finishes second will pocket $ 350. Entries 1.gktoday. (The resignation of the AAP government came after it failed to introduce the Delhi Jan Lokpal Bill for the consideration of the Legislative Assembly). and where a Governor is so appointed. Email address: gargtushant@gmail. The E195-E2 is scheduled to enter service in 2019. is the world’s largest manufacturer of commercial jets up to 130 seats and is one of Brazil’s leading exporters. including provisions for suspending in whole or in part the operation of any provisions of this constitution relating to any body or authority in the State Provided that nothing in this clause shall authorize the President to assume to himself any of the powers vested in or exercisable by a High Court. while $250. Entry 1 deals with public order. after losing the series by 1-0. 2014 Chinese scientists invented a new kind of fire resistant paper. 2 and 18 of the State List under the Seventh Schedule are not applicable to Delhi.in 46 | P a g e . The paper is first of its own kind and can be use for long time purpose to save the important documents. He scored 302 runs in the second innings. Note: Here. 2014 Vijayawada-based airline. 2014 New Zealand won the two match Test Series against India by 1-0 after the second test at the Basin Reserve.

gktoday. Modified Special Incentive Package. etc. • • • The chairman of the Lokayukta would be appointed by the Governor on the recommendation of the selection committee. the Governor is required to refer the petition signed by at least 25 MLAs to the OrissaHigh Court.Current Affairs Compendium February 2014 • • • • Formed by calcium phosphate compound. scheduled tribe or minority category on rotation basis. Before doing so. the Union Government approved the setting up of two plants to manufacture semiconductor chips inIndia. These are usually very small and complex devices. members of his council of ministers. This inorganic paper is flexible and incombustible. The most common semiconductor materials are Silicon (Si) and Germanium(Ge). speaker of Odisha assembly. Note: Semiconductors are neither a good conductor of electricity (like copper) nor a good insulator (like rubber). secretaries. It can be torn. etc. Excerpts of the provisions of the Odisha Lokayukta Bill 2014 • Members of the anti-corruption watchdog panel: The head of the panel and two members will be from judicial background while three others will be non-judicial members. TUSHANT GARG. transistors. MLAs.in 47 | P a g e . which allows up to Rs 10. ex-Chief Ministers. • • • • Benefits given by Government of India to electronic chip manufacturing units Offered 25% subsidy on capital expenditure. would come under the purview of the Lokayukta. • Penalty for those making false complaint: Imprisonment up to one year with fine which may extend up to Rs 1 lakh. Lokayukta can inquire or direct an inquiry into any corruption related matters in the state. chairpersons of municipalities. other ministers and public servants under the purview of a six-member anti-corruption panel. From among three non-judicial members one would be women or scheduled caste. Note: The research was published in Chemistry—A European Journal. tax breaks and Rs. The companies in the consortia will get all benefits listed under theNational Policy on Electronics viz. hitech defense equipment. outsourcing agencies and nongovernmental organizations receiving public funds. 2014 Odisha Legislative Assembly passed the Odisha Lokayukta Bill 2014. folded. HSMC Technologies (Hindustan Semiconductor Manufacturing Corporation) and Malaysia’s Silterra at Prantij. procurement farms. mobile phones. IBM and Tower Jazz at a cost of Rs 34. and destroyed by strong acid. • Under the Prevention of Corruption Act. Removal and suspension of the chairperson and members of Lokayukta: they can be removed by the order of the Governor on the ground of misbehaviour.com Odisha Lokayukta Bill 2014 passed by the Assembly of the state February 19. 5124 crore to each plant as interest-free loans in a bid to attract chip makers. Union Government okayed two plants to manufacture Semiconductor chips February 19. computers. • • Minimum age of Lokayukta: 50 years. © 2014 www. Chief Justice of Odisha High Court or a judge nominated by him and an eminent jurist nominated by the Governor.399 crore near the Yamuna Expressway in Uttar Pradesh. panchayat samitis. with provision of keeping Chief Minister. Email address: gargtushant@gmail. former chief ministers and ministers. 1988 viz. The Lokayukta will be chosen by a selection committee headed by the Chief Minister and comprising others including the Leader of the Opposition. 2014 In a bid to give boost to local production of electronics.013 crore. They will benefit under section 35 AD of I-T Act and will also be allowed to deduct 100% expenditure made on research and development for development of electronic chips. Gujarat at a cost of Rs 29. The two electronic chip manufacturing units will be set up by: • • India’s Jaiprakash Associates. directors and chairpersons of various government-run boards and corporations. France-based ST Microelectronics. contractors. and can be found in thousands of electronic devices viz. supplying agencies. but still feels like ordinary paper. Present chief minister. Note: Odisha became the first state to enact the law after the Central Act was passed in Parliament in December 2013. Useful for important documents to preserve for long periods of time.000 crore in benefits under the 12th Five Year Plan ending 2017.

companies. Kenya. Role of Agro-forestry: (a) produces food.USA (2004) and Nairobi. 2014 The third World Congress on Agro-forestry 2014 (WCA14) held in New Delhi. Email address: gargtushant@gmail.in 48 | P a g e . Objective: To boost awareness. fuel and fibre. helicopters. Headquarters:Nairobi. shelter. income. Ku and Cband transponders to network all Indian warships. Hillary R Clinton launched a new global review of data on women empowerment February 20. submarines and aircrafts and have a 2000 nautical mile footprint over the critical Indian Ocean region (IOR)). 2014 Ms. Objective: poverty alleviation which requires enhanced food security and health. with both the western and eastern fleets amassing in the Bay of Bengal for intensive combat manoeuvres. submarines and aircraft with operational centres ashore through high-speed encrypted data-links. nutrition. This month long exercise is being held under the gaze of India’s first dedicated Military Satellite G-SAT 7 or “Rukmini”. • • • • • • • • About World Agroforestry Centre (or ICRAF i. This geostationary naval communication and surveillance satellite is beaming signals from its UHF. Build support for agro-forestry within governments. transformative change in landscapes.gktoday. and their implementation. Over 50 Indian warships viz. Kenya (2009). • • • • Theme: “Trees for Life: Accelerating the Impact of Agro-forestry”. improved productivity with lower environmental and social costs. reform of land and tree tenure and holistic education. health. Pranab Mukherjee. Regional offices: Cameroon. that benefit the poor and the environment. Kenya and Peru. aircraft carrier INS Viraat. NGOs and the media. nuclear submarine INS Chakra.com “Tropex 2014”: Indian Navy started largest combat exercise with dedicated satellite G-SAT 7 February 20. Increase the engagement of the private sector. and to use its research to advance policies and practices. engagement and investments in agro-forestry. Benefit: Would shape the next steps in the field of integrative science. Note: Rukmini is capable of surveying and communicate with the network of all Indian warships. Share the current status of knowledge and practice of agro-forestry and consolidate its research base. (b) major source of livelihoods and also help in preventing deforestation and (c) protect water resources and fighting off soil-erosion. and resilience in the face of climate change and other external shocks. energy resources and environmental sustainability of rural area in developing countries. etc. This was the First ever World Agro-forestry Congress in Asia Pacific Region. Indonesia.India and was inaugurated by President Mr. India. the Indian Council of Agricultural Research. Note: First two World Congresses on Agro-forestry held in :Florida. • • • • • The third edition of World Agroforestry Congress organized toExpand global awareness and understanding of agro-forestry. the Indian Society of Agroforestry and Global Initiatives. Hillary Rodham Clinton launched a new global review of data to analyze the advancement of women and girls around the world since the mid-1990s. To improve food security. academia. Co-host: the World Agro-forestry Centre. social cohesion.e International Centre For Research On Agriculture And Forestry) Mission: To generate science-based knowledge about the diverse roles that trees play in agricultural landscapes. would participate in the exercise. S. 2014 Indian Navy started largest combat exercise called “Tropex 2014”. tree improvement. TUSHANT GARG. and debates on global and local sustainability.Current Affairs Compendium February 2014 India hosted third World Congress on Agro-forestry 2014 February 19. © 2014 www. fighters. innovative tree-based value chains. drones.

while the number of directorship a person can hold on company boards would be capped. Proposed the government to allow the Employees’ Provident Fund Organization (EPFO) to invest up to 15% of their corpus in equities and mutual funds. politics and the economy around the world.com Also approved the long-term policy for mutual funds in India where the minimum capital requirement for asset management companies (AMC) has been raised from Rs 10 crore to Rs 50 crore. 2014 The Market regulator. among other things. related-party transactions and appointment and resignations of independent directors. Clinton publicized the new partnership at New YorkUniversity between the Clinton Foundation and the Gates Foundation. among various other measures to safeguard the interest of minority shareholders. • • Objective: To curb the rising cases of racism and crime against people of northeast residing in different parts of Delhi. The project is part of her “No Ceilings” initiative that aims to empower women in the 21st century and will collect and review data on the progress of women since the 1995 United Nations Beijing conference. Future Plan:Delhi police will launch a Facebook page and a Twitter account for people from the northeast where they can post complaints and suggestions. © 2014 www. Beside new corporate governance norms. Companies will have to disclose remuneration policies of CEOs and executive directors. Now.Current Affairs Compendium February 2014 Objective: To promote female participation in education. SEBI approved the new Corporate Governance norms February 20. Ms. spell out whistleblower policies and institute checks on salaries of key managerial persons. TUSHANT GARG.in 49 | P a g e . At least one woman director on the Board of the company. then he can only be on three boards. In case a person is a whole time director in a listed company. Excerpts of new corporate governance norms • • • • • • Restricted independent directors to serve as directors on a maximum of 7 listed companies and limited their total tenure to two terms of 5 years each. SEBI board also: • • • • Approved new KRA (KYC Registration Agency) Regulations that would make it easier for the investors to comply with Know Your Client (KYC) requirements across various segments of the capital markets. then he can get only one extra term of 5 years. 2014 Delhi Police launched a new helpline number 1093 for North Eastern people living in Delhi. Note: The new corporate governance norms will be effective from October 1. Also proposed to allow an income tax exemption under 80C of Rs 2 lakh for investments in select mutual funds but the move would require government approval and an amendment of the Income Tax Act. ‘1093’ – Delhi Police launched a Helpline number for North-Eastern People February 20.gktoday. This helpline number will allow the north eastern people to register all sorts of complaints which may include racism complaints and harassment complaints directly to the police. Email address: gargtushant@gmail. 2014 for all listed companies and are based on recommendations made by the industrialist Adi Godrej committee.. (This step has taken by the Union and Delhi Government after the Nido Tania incident). Securities and Exchange Board of India (SEBI) approved the new corporate governance norms that restrict the number of independent directors on a company board. The companies would also need to adopt a whistle-blower policy for employees. This helpline number has 5 direct lines and all calls are received at the Central Police Control Room (CPCR) situated at Delhi Police headquarters. If somebody has already been independent director for more than five years.

• Crocodiles are known for impressive speed and agility around the water. or when they stop doing something that is keeping the patient alive. Those small and lightweight crocs. or another person. Kelud is among about 130 active volcanoes in Indonesia. • • • • Ashfall occurred in large portion of JavaIsland. There are about 130 active volcanoes in Indonesia. Belgium became the first country to allow euthanasia for terminally ill children of any age. Note: Indonesia lies across a series of geological fault-lines and is prone to frequent earthquakes and volcanic eruptions. a young child will be allowed to end their life with the help of a doctor. They noticed crocodilian species on three continents viz. • • • As per the study titled “Climbing behavior in extant crocodiles” The scientists confirmed that four different crocodile species – found in Australia. as well as Central Java and Yogyakarta. Switzerland. • • • TUSHANT GARG. Jurisdictions where euthanasia or assisted suicide is legal: the Netherlands.000 people have been affected and there is widespread disruption to flights as several airports have been closed due to poor visibility.gktoday. under the title. The 1. Belgium became second country to allow Mercy Killing for children February 20. 2014 Indonesian President Susilo Bambang Yudhoyono declared a state of emergency on the main island of Java because of a major volcanic eruption. © 2014 www.Australia. This action of legalizing death for the children came 12 years after the country legalized euthanasia for adults. The Parliament of Belgium took the decision in spite of opposition from the Church and some paediatricians. USA studied the tree-climbing and basking behavior in reptiles. Estonia. Mount Kelud in the east Java erupted and sends a cloud of ash 30 km into the sky and blanketed villages up to 500 km away. Oregon and Montana. Their abilities also vary by size. Passive euthanasia: when the patient dies because the medical professionals either don’t do something necessary to keep the patient alive.in 50 | P a g e . Belgium. Luxembourg.731-meter Mount Kelud is home to more than a half ofIndonesia’s 240 million people. Africa and the Americas – are all able to climb. Those heavier in weight can be found in lower branches. Kelud’s last major eruption was in 1990. they are also capable of climbing trees. 2014 The researchers from University of Tennessee. These species that are able to climb trees can go as high as 4m. some as high as 4m. 1. Albania. from Malang to the east. Forms of euthanasia: Active and passive euthanasia Active euthanasia: when the medical professionals.com Other European countries that allows active euthanasia are:Luxembourg: Permits active euthanasia for over 18 years in age. Switzerland: Doctors help adult patients to commit suicide. “Climbing behavior in extant crocodiles”. can climb the highest branches. Around 200. About Euthanasia • • • • • Refers to the practice of intentionally ending a life in order to relieve pain and suffering. • • Belgium became the second country after Netherlands to allow mercy-killing for children and the first to lift all age restrictions.Current Affairs Compendium February 2014 Mount Kelud Volcano Erupts in Indonesia February 20. Study: Titled “Climbing behavior in extant crocodiles” February 20. The legislation has not fixed any age limit for minors suffering from a terminal illness to opt for the death by use of a lethal injection. Under the approved legislation by the Parliament. As stated by new study. where they were observed basking in trees. and the US states of Washington. cannot go as high as 1m above water. Africa and North America and examined previous studies and anecdotal observations. when it spewed out searing fumes and lava that killed more than 30 people and injured hundreds. deliberately do something that causes the patient to die. 2014 The Catholic country. Email address: gargtushant@gmail.5m long.

Current Affairs Compendium February 2014 • • • • It was found that crocodiles developed the agility to climb trees to laze under the sun and to survey their surroundings against possible threats or for possible food.2 following her second Grand Slam crown at the Australian Open 2014.2 spot February 20. to promote unity in diversity and international understanding. smaller and juvenile crocodiles in particular were observed climbing vertically while larger ones tended to climb angled trunks and branches. Theme: “Local languages for global citizenship: spotlight on science”. The most commonly observed climbers were the slender-snouted crocodiles of Central Africa. 2014 International Mother Language Day (Bhasha Divas) observed across the world. 2. • • The activists had protested against imposition of Urdu as the national language side-stepping Bengali – their mother tongue. 3. Chinese tennis ace Li Na ranked World No. 3. The Day is observed yearly by UNESCO member states and at its headquarters to promote linguistic and cultural diversity and multilingualism.8 m. 2014. multilingualism and cultural diversity. Li Na became the first Asian to be the second ranked player in the world and her compatriot Peng Shuai became the first Chinese player to ascent to top world spot in doubles after winning the QatarOpen with partner Hsieh Su-wei of Chinese Taipei. through multilingualism and multiculturalism. 2. But the incident calls for celebration too as the protest sowed the seeds of home-grown nationalism that ultimately led to the creation of Bangladesh from the ashes of the Liberation War in 1971. Top five players in the WTA Singles rankings: 1. Researchers believe that the tree climbing and basking are driven by two conditions: thermo-regulation and surveillance of habitat. the team saw crocodiles up to 1 meter long lounging on the aerial roots and low branches of mangrove trees during the day. © 2014 www. 5. Email address: gargtushant@gmail. mostly students and teachers of the DhakaUniversity. Serena Williams (United States). Though. Li Na (China) Agnieszka Radwanska (Poland) Victoria Azarenka (Belarus) Maria Sharapova TUSHANT (Russia) GARG. all of which is a measure of the reptiles’ spectacular agility. the General Assembly proclaimed 2008 as the International Year of Languages. Objective: To promote awareness of linguistic.in 51 | P a g e . by resolution 61/266. this study is the first to thoroughly examine the climbing and basking behavior. In North America. Note: People who spend time around crocodiles have known about the climbing ability for decades. 1. The day assumes special significance in Bangladesh where scores of people. Some African crocodiles roosted as high as 3m above the surface of rivers. WTA rankings: Li Na climbs to World No. Though. On 16 May 2007.com Peng Shuai (China) Hsieh Su-Wei (Chinese Taipei) Vesnina Elena (Russia) Top three players in the WTA doubles ranking: Two-time Grand Slam champion. The Australian freshwater crocodiles can actually climb steep slopes along riverbanks up to 1. were mercilessly shot down by the Pakistani army in 1952 in erstwhile East Pakistan. About International Mother Language Day • • • Observed on February 21 every year. 4. Crocodiles lack the toe and foot structure that would be expected of a climber. 2014 In the latest Women’s Tennis Association (WTA) singles rankings.gktoday. with Bangladesh leading on February 21. International Mother Language Day of Bangladesh 2014 February 21.

Best Adapted Screenplay: Philomena. Best Supporting Actor: Barkhad Abdi (Captain Phillips). Best Cinematography: Emmanuel Lubezki (Gravity). TUSHANT GARG. Importance of International Mother Language Day: It is the greatest weapon to express one’s feeling. Best Animated Film: Frozen. Best Sound: Gravity. Headquarters: London.gktoday. Purpose: To supports. Winners of the 67th Annual BAFTA Awards • • • • • • • • • • • • • • • • • • • • • • • • • • • • • Best Film: 12 Years a Slave Outstanding British Film: Gravity. Best Editing: Rush. Best British Short Film: Room 8. Best Supporting Actress: Jennifer Lawrence (American Hustle). The EE Rising Star Award: Will Poulter. Best Visual Effects: Gravity.in 52 | P a g e . Best Makeup and Hair: American Hustle. Mother Language of one country is the sign of independence of that country. 2014 The 67th BritishAcademy of Film and Television Arts (BAFTA) held at the Royal Opera House in London.Current Affairs Compendium February 2014 • It is commemorated in Bangladesh since 1952 where a number of Dhaka university students were killed by the Pakistani police and army during the Bangla Language Movement. inspiring practitioners and benefiting the public. Most awards: Gravity (6). Best Actress: Cate Blanchett (Blue Jasmine). Best Documentary: The Act of Killing. Best Production Design: The Great Gatsby. Best Original Screenplay: American Hustle. Outstanding British Contribution to Cinema: Peter Greenaway. promotes and develops the art forms of the moving image – film. Best Actor: Chiwetel Ejiofor (12 Years a Slave). Director. television and video games – by identifying and rewarding excellence. © 2014 www. 67th BAFTA Awards 2014 February 21. Best British Short Animation: Sleeping with the Fishes. Best Film Not in the English Language: The Great Beauty. Outstanding Debut by a British Writer. Best Director: Alfonso Cuarón (Gravity). About British Academy of Film and Television Arts (BAFTA) Formed: 1947. Email address: gargtushant@gmail.com Best Costume Design: The Great Gatsby. Best Original Music: Gravity. or Producer: Kieran Evans.

Interim Union Budget 2014-15 February 21. 725 crore for health and family welfare.2%.67. About World Bridge Team Championship • • • • Conducted by World Bridge Federation (WBF) in every two years. • • February 21. About Sir Tom Finney Nickname:Preston Plumber. © 2014 www.33.21.gktoday. FY15 target at 4. Agriculture credit will cross $ 45 billion against $41 billion in 2012-13. Tamil Nadu and Panaji. FY14 Q3 & Q4 GDP growth to be at least 5. Chidambaram presented the Interim Budget2014-15 in the Lok Sabha with an estimated plan expenditure of Rs. Mr. 2014 The Union Finance Minister P.892 crore. About 550 players from 66 countries are expected to be seen in action in this world meet. There is no change in income tax rates. Appointment: Officer of the Order of the British Empire (OBE) (1961).000 crore to Rs 29. 200 crore to promote entrepreneurship among scheduled castes and scheduled tribes.55.6% of GDP. Sir Tom Finney (91) passed away.Current Affairs Compendium February 2014 Football Legend “Sir Tom Finney”: Former Preston and England winger passed away February 21. there are separate trophies for the top women`s team as well as the top senior team (D`Orsi Trophy) globally.322 crore and non-plan expenditure of Rs. Preston North End for which he made 569 first-class appearances. Cities short-listed to host the World Bridge Championship: Chennai. He was famous for his loyalty to his league club. 2014 Former Preston and England winger. two-wheelers.000 crore 2014-15. Fiscal deficit for FY14 to be contained at 4. 200 crore rural development. Goa. Played for Preston from 1946 until he retired. Excise duty on cars. Email address: gargtushant@gmail. India will host the World Bridge Championship for Bermuda Bowl (men) and Venice Cup (women) in 2015. 2014 Knighted in the 1998 Queen’s New Year Honors. Food grain production estimated at 263 million tons in 2013-14 Proposed a venture capital fund with an initial capital of Rs. Scored 210 goals in 473 appearances. Important points of the Union Budget 2014-15 • • • • • • • • • • Focus: On manufacturing and manufacturing exports. Rs. No change has been introduced under the tax laws but a change has been introduced for the indirect taxes. Rs. In addition. Rs. President of Kendal Town. WBF President: Gianrrigo Rona of Italy. Commander of the Order of the British Empire (CBE) in 1992. TUSHANT GARG. Premier tournament in international bridge and sees the top teams from each geographic region competing against one another for the Bermuda Bowl trophy.in 53 | P a g e . Chennai and Panaji (India) to host World Bridge Championship 2015 For the first time. Footballer of the year: In 1954 and 1957 (the first player to receive the honor twice). 000 crore for women and child development. 260 crore drinking water and sanitation.15.07.82. Ministry-wise allocations for flagship schemes: Rs. 12. Rs. 398 crore for human resource development. Finney was one of the England’s greatest footballers and the ultimate one-club man. SUVs and capital goods and consumer durables has been slashed to boost the manufacturing and growth. 5.com Bridge Federation of India (BFI) President: N R Kirubakara Moorthy.1 % FY14 Current Account Deficit seen at $45 bn. Budgetary support to railways increased from Rs 26.

Rs 2. Amritsar-Kolkata – under various stages of implementation.24 lakh crore. For the period up to June 30.600 crore for education loan moratorium. Chidambaram to makeIndia the third largest economy after US and China. motors cycles. SUVs: from 12% to 8% (d) Large & Mid-segment Cars: from 27/24% to 24/20%. the government sanctioned a fund of Rs. P Chidambaram an Interim Budgetfor 2014-15. fertilizer and fuel subsidy.1000 crore that was non-lapsable and another Rs. Pranab Mukherjee presented the InternationalGandhi Award for the year 2013 to Dr. 246397 crore has been allocated. Email address: gargtushant@gmail.com The Union Finance Minister Mr. International Gandhi Award © 2014 www.gktoday. To encourage domestic production of specified road construction machinery. 2014. Rs. Food subsidy will be Rs 1.100 crore.000 crore for implementation of National Food Security Act. Bangalore-Mumbai. Mr. For the Social Justice Ministry. 15. The custom duty structure on non-edible grade industrial oils and its fractions. Proposed to make appropriate reductions in the excise duty on chassis and trailers.Current Affairs Compendium February 2014 • • • • • • • • • • • • • • • February 21. Other Key highlights of Budget 2014-2015 Tax proposal No change in income tax rates. The loading and un-loading. 6730 crore has been sanctioned.7000 crore has been sanctioned. 2014 TUSHANTpresented GARG. the exemption from Counter Vailing Duty (CVD) on similar imported machinery is withdrawn. 2009. To formulate and promote the scheme of community radio station. Highlights of interim Union Budget 2014-2015 Tax proposal Chidambaram reduced excise duty on: • • • • • • • • • • • • February 21. 1000 crore has been granted. fatty acids and fatty alcohols is reduce to 7. New Delhi. packing. 3 more industrial corridors – Chennai-Bangalore. (b) Small cars. Rs. Foreign exchange reserves up by $15 billion. Mr. Guocheng Zhang bagged International Gandhi Award 2013 The President of India. VV Dongre and Prof. For food. committed to Aadhaar-based LPG transfer but scheme on hold temporarily. to benefit 9 lakh borrowers for loans taken before March 31. To strengthen the capacity of Central Armed Police Forces by modernization and providing state-of-the-art equipment and technology. Govt.5% to encourage domestic production of soaps and oleo chemicals. the government has allocated Rs. Vijaykumar Vinayak Dongre and Prof. Rs. scooters and commercial vehicles: from12% to 8%. Excise duty on mobile hand set to be 6% on CENVAT credit to encourage domestic production. Two projects sanctioned under Nirbhaya Fund of which the original was of Rs.in 54 | P a g e . the government has slashed excise duty to 10% from 12%. A ten point agenda has been created by Mr. One -rank-one-pension scheme for defense personnel from 2015. Dr. storage and warehousing of rice are exempted from Service Tax. Guocheng Zhang for making outstanding contributions in the field of leprosy to eradicate the disease through treatment. For the Panchayati Raj Ministry. A concessional custom duty 5 % on capital goods imported by the Bank Note Paper Mill India Private Limited is provided to encourage domestic production of security paper for printing currency notes. To stimulate growth. training and research at Rashtrapati Bhawan. Defense allocation increased by 10% to Rs 2. 2014 (a) Capital goods and consumer non-durables (falling under Chapter 84 and 85 of the Schedule to the Central Excise Tariff Act): from 12 to 10 %. (c) Sports Utility Vehicles. 11009 crore.

000 to make a coach visually-challenged friendly as Braille printing are superimposed on the stickers which can be used by both a person with normal vision as well as a visually impaired person. Presently. etc that are mostly in the form of vinyl stickers or metallic plates and have no Braille characters and cannot be read by visually-impaired passengers. which has powers to recommend punitive measures.Current Affairs Compendium February 2014 • • • • • February 21. P. The senior Congress leader Mr. GMLF introduced the International Gandhi Award in 1986.C. The two awards are given every alternate year to individuals/institutions for making outstanding contribution in the field of leprosy. 2014 Purushottam Express (Train Number 12801/12802) will become the first train in India to be attached with a Braille-embedded AC coach for visually challenged passengersby the end of February 2014. About the P. 40. 2014 The Lok Sabha Speaker. TUSHANT GARG. who is coping with the death of his father and finds it difficult to adapt to a new place he has migrated to. About Marathi film Killa First Indian feature film to win Crystal Bear award. coaches are provided with signages. Note: ‘Killa’ is the third Marathi film to premier and compete at the Berlin film festival. Ms.gktoday. • Purushottam Express (Train Number 12801 UP/12802 DOWN)is a daily train which runs between Puri in Odisha and New Delhi About the first Braille signage coach in India • • • • Manufactured at Integrated Coach Factory in Chennai with the inputs received from Research Designs and Standards Organization (RDSO). The AC coach is equipped with Braille-embedded signages on berths. Meira Kumar referred the pepper spray incident in the Parliament to the Committee of Privileges. toilets. instructions. Email address: gargtushant@gmail. Avinash Arun’s Marathi film “Killa” won Crystal Bear award at Berlin Fest Mr. Jar Pictures and presented by M R Filmworks.com Will be released in May. disfiguring skin sores and nerve damage in the arms and legs. the Marathi feature film“Killa” won the Crystal Bear (Glasernen Bar) for the Best Film awarded by the Children’s Jury in Generation Kplus section at the 64th BerlinInternational Film Festival (also known as the Berlinale). Chacko committee: To recommend punitive measures for the pepper spray incident in the Parliament February 21. Directed by Avinash Arun. Avinash Arun’s directorial debut.in 55 | P a g e . Recognizes the commendable contributions of individuals and institutions in ameliorating the quality of life of people afflicted with leprosy. Produced by Madhukar R Musle. Note: Leprosy is an infectious disease that causes severe. wash basins and doors as well. Chacko committee © 2014 www. Chinu.C. Lucknow and in consultation with blind associations. Ajay G Rai and Alan McAlex under the banner. Deals with the universal conflict of migration and how it impacts the lives of people. Purushottam Express is a super-fast train running between Delhi and Puri. 2014 Instituted by the Gandhi Memorial Leprosy Foundation (GMLF) that was established in 1950 to commemorate Mahatma Gandhi’s service and scientific approach towards leprosy. especially children. PC Chacko is the head of the privilege committee. 2014. Purushottam Express will get first Braille signage coach in India February 21. • • • • The story is about an 11 year old child. Note: It was declared in the Rail Budget of 2013-14 that Braille stickers will be introduced for visually-challenged passengers. seat numbers. Costs about Rs.

Highly social and cooperative animal lives in large clans which occasionally split up into small packs to hunt. Mr. Narendra Modi brought about a sea change through his unique brand of ModiNomics. About Committee of Privileges • • • Examines the cases of breach of privileges of the House and its members and recommends appropriate action. depletion of its prey base. In India. Enjoys power to take punitive measures which include recommending imprisonment and even expulsion among others. Would also consider whether Members of Parliament should be frisked for security purposes before entering the two Houses. Speaks about the vision of Narendra Modi about economic and development strategies. 2014 The Indira Gandhi Zoological Park (IGZP) or Vizag Zoo will be the first zoo in India to have a conservation breeding centre for the endangered wild dog or ‘Dhole. 50 lakh. 1972. which resulted in the hospitalization of three MPs (Member of Parliamentarians) and plunged the House into extreme confusion and disorder. Inclusive Governance” Author: Sameer Kochhar. L Rajagopal was expelled and 16 Seemandhra MPs were suspended. The Lok Sabha committee has 15 members while the Rajya Sabhacommittee has 10 members. Arun Jaitley launched a book titled “ModiNomics: Inclusive Economics. persecution and possibly diseases from domestic and feral dogs. TUSHANT GARG.com About Dhole • • Also called the Asiatic wild dog or Indian wild dog. About the “ModiNomics: Inclusive Economics. where a question of privilege is referred to the Committee by the Speaker. What is the issue behind the forming of the privilege committee? • On the issue of the introduction of Telangana Bill in the Parliament. Project: will be completed in two to three months. “ModiNomics” – Sameer Kochhar’s book launched February 21. Function: Semi judicial in nature. India’s first breeding centre for wild dogs (Dhole) February 21. Scientific Name: Cuon alpinus.in 56 | P a g e . Presents a deep insight of Modi’s idea of both Inclusive Economics as well as Inclusive Governance.Current Affairs Compendium February 2014 • • • • • Consists of 15 members Chairman of the Committee of Privileges of Lok Sabha: Mr. competition from other predators. Focus: On the Gujarat story and tells how BJP’s Prime Ministerial candidate. a pepper spray was used by some MPs in the Parliament. permission is required to kill any individual unless in self-defense or if an individual is a man killer. Classified as an endangered species by the IUCN: Due to ongoing habitat loss. The Lok Sabha Secretariat stated that the decision to refer the matter to the Privileges Committee has been done under Rule 227 of the Rules of Procedure and Conduct of Business in Lok Sabha. © 2014 www. (As per the schedule 2 of the Wild Life (Protection) Act. the Dholes are protected under Schedule 2 of the Wild Life (Protection) Act. by Sameer Kocchar. Order: Carnivora.’ The Central Zoo Authority selected IGZP to have a breeding centre for Dholes. • • Later congress member Mr. P C Chacko Function: To examine every question involving breach of privilege or contempt of the House or of the members of any Committee thereof referred to it by the House or by the Speaker. Inclusive Governance”.gktoday. Cost: Rs. Highest number of wild dogs in captivity in India: 22. in New Delhi. 1972. Email address: gargtushant@gmail. 2014 The Leader of Opposition in Rajya Sabha. Vizag Zoo: Soon.

gktoday. Kiran Kumar Reddy resigned as AP Chief Minister February 23. Scientists believed that the cornea consists of five layers.from front to back— the corneal epithelium. Plays a vital role in the structure of the tissue that controls the flow of fluid from the eye. Defective drainage through the TM is an important cause of glaucoma.000 industrial clusters have been identified for undertaking soft and hard interventions with a view to increase the competitiveness of the enterprises. Will enable small businesses across different sectors to co-exist with their peers on a web-portal. Dua This 15 microns thick new layer also known as Dua’s layer.com Pressure within the eye is maintained by TUSHANT the balance of Email aqueous fluid production by eye tissue called the ciliary body and drainage principally through the TM to the canal of Schlemm. Makes an important contribution to the sieve-like trabecular meshwork called the Trabecular Meshwork (TM) in the periphery of the cornea. • • GARG. address: gargtushant@gmail. 2014 Mr. Mr. Kiran Kumar Reddy resigned from the post of Chief Minister of Andhra Pradesh and also quitted from the membership of the State Assembly and the Congress Party. Harminder Singh Dua. About Virtual Cluster Approach • • • • An initiative of the Ministry of MSME. Bowman’s layer. Why Mr. MSME Ministry to launch virtual network to link clusters February 23. a condition that leads to raised pressure in the eye that can permanently affect sight. the Ministry of MSME helped around 850 clusters through its MSE — Cluster Development Programme. Indian origin UK doctor discovered new layer of cornea February 21. What is Trabecular Meshwork (TM)? TM is a wedge-shaped band of tissue that extends along the circumference of the angle of the anterior chamber of the eye. Benefit of this discovery: It will offer new clues on why the drainage system malfunctions in the eyes of some people. Previously. Till now. The beams branch out randomly to form a ‘meshwork’. the corneal stroma. Purpose: To overcome the limitations of the Physical Approach requiring the location of the units in one geographical area besides substantial resources for creation of infrastructure. Note: Glaucoma is a devastating disease caused by defective drainage of fluid from the eye and is the world’s second leading cause of blindness. 2014 To cure blindness of eye due to glaucoma. small and medium enterprises can connect on a common platform and share information to help them expand their business. a circular channel in the angle of the eye. (He is an Indian origin UK doctor). • The study was published in the British Journal of Ophthalmology. Descemet’s membrane and the corneal endothelium. Around 2. Professor Harminder Singh Dua from the Nottingham University discovered an ultra-thin layer hidden deep in the human cornea that can help treat glaucoma. Reddy resigned from the CM post of Andhra? © 2014 www.Current Affairs Compendium February 2014 Dua’s layer: Dr. About the new layer discovered by Mr. 2014 The Ministry of Micro. Located at the back of the cornea between the corneal stroma and Descemet’s membrane. leading to high pressure. Andhra Pradesh Governor E S L Narasimhan accepted the resignation of Chief Minister N Kiran Kumar Reddy and asked him to continue in office till alternative arrangements are made. Small and Medium Enterprises (MSME) is set to launch a virtual network wherein different clusters of micro. It is made of beams of collagen wrapped in a basement membrane to which trabecular cells and endothelial cells attach.in 57 | P a g e .

as the Telangana Bill passed in both Houses of Parliament. The Rajya Sabha adopted the bill by a voice vote and without discussion. Speed: Approx 12. Email address: gargtushant@gmail. About Near Earth Asteroid (NEA) 2000 EM26 GARG. The Bhadrachalam division will continue to be with Khammam district which will be part of Telangana.000 MW power project in Telangana to solve the electricity problem in the region. the formation of Telangana state waited for the formal nod of President. Note: Telangana will become the 29th state of India after the approval of President of India. without fear of eviction and harassment. • • Legalizes street vending activities to ensure urban street vendors’ safety from police harassment. Hyderabad will remain the joint capital of Telangana and residuary Andhra Pradesh for ten years. Excerpts of the Street Vendors (Protection of Livelihood and Regulation of Street Vending) bill-2014 • Objective: To protect the rights of urban street vendors and regulating street vending activities and to create conducive atmosphere where street vendors will be eligible to carry out theirbusiness in a fair and transparent manner. Parliament nod to bill to protect rights of street vendors February 23. 10. Now. Propose: To set up Town Vending Committees (TVC). Nasa’s Asteroid Redirect Mission (ARM) First-ever mission to identify. Tracked by: Slooh robotic telescope service. A previous-unknown discovered asteroid exploded over Chelyabinsk. PHO). 2014 Parliament passed “Street Vendors (Protection of Livelihood and Regulation of Street Vending) bill-2014” to regulate street vending activities and protect the rights of urban street vendors besides ensuring steps against harassment by police and civic authorities. © 2014 www. Article 371 D will continue for the both states to ensure equitable opportunities for education and public employment. 2013. Highlights of the Telangana Bill: • • • • • Telangana will have 10 districts and the rest of Andhra Pradesh 13 districts. Plans to use capabilities of the new Orion spacecraft and Space Launch System rocket and high-power solar electric propulsion to capture an asteroid in the near future. it is defined as a potentially hazardous Near-Earth Asteroid (NEA) that was large enough to cause significant damage in the event of an impact. known as 2000 EM26. Though. “Asteroid 2000 Em26”: Potentially hazardous space rock safely passed by Earth February 23. NTPC will construct a 4. (the bill was already passed by Lok Sabha). 2014 The space rock. poses no threat and passed the Earth at just under nine times the distance to the moon.in 58 | P a g e . Spain (that provided internet access to automated observatories).gktoday. Minor planet category: Aten asteroid (NEO. • • This was subtle reminder of the dangers of the asteroid impacts just one year after historic event took place on February. Minimum possible close approach distance to Earth: 0. A petroleum university will be constructed in Seemandhra region while seats for Semmandhra students in educational institutes in Telangana will be reserved for ten years. capture and redirect an asteroid.Current Affairs Compendium February 2014 To protest against the Congress and Centre’s decision to divide AP and the way the Andhra Pradesh Reorganization Bill was dealt with in Parliament.713 known near-Earth objects are discovered.37 km/s. which will be responsible for deciding vending zones and the number of vendors that each zone should have.com TUSHANT • • • • • • • Size: As big as three football fields (270m).Russia and injured 1200 people and sent shock waves shattering windows and damaging buildings in Chelyabinsk. Till now.018 AU (27 lakh km).

(Allowances and Privileges) Amendment and National Institutes of Technology. • The whopping acquisition price includes $4 billion in cash. The coal regulator would be • • • Set up through an executive order. women. Facebook announced purchased popular mobile messaging company WhatsApp for a whopping $19 billion. social security of street vendors. and Scheme has to be notified within six months of its commencement. About Equal Opportunity Commission (EOC) • • • • • Exclusively for minorities.Current Affairs Compendium February 2014 • • • • Provides protection of livelihoods rights. To date. California. the Bill provides for a survey of all existing street vendors. About mobile messaging company WhatsApp © 2014 www. Email address: gargtushant@gmail. Also regulate methods for testing for declaration of grades or quality of coal. denial of accommodation or buying rights to minorities in housing societies. US). about $12 billion worth of Facebook shares and $3 billion in restricted stock units to be granted to WhatsApp founders and employees that will vest over four years following the closing of the deal. These two bills were also approved by the Rajya Sabha without discussion after these were adopted by the Lok Sabha.gktoday.com Mandate: To ensure that no minority community is discriminated against on religious grounds by redressing complaints. The Cabinet Committee on Economic Affairs (CCEA) also gave its nod to the proposal to set up coal regulator. specify procedure for automatic coal sampling and adjudicate upon disputes between the parties. The Justice Sachar Committee that went into the socio-economicbackwardness of Muslims had recommended setting up of the Commission. 2014 The Union Cabinet approved the creation of Equal Opportunity Commission (EOC). Deal with grievances viz. the bill provides that the Rules under the Bill have to be notified within one year of its commencement. minorities etc. Note: The Parliament also passed two other bills: Governors Emoluments. The bill for setting up a regulator for the sector is pending before Parliament.in 59 | P a g e . Provides time-bound release of seized goods. with preference to SC. • As per Section 29 of the Bill street vendors will be protected from harassment by police and other authorities and there is a prime clause to ensure they carry on their business without the fear of harassment by the authorities under any other law. to check discrimination of minority communities in jobs and education. regulation of urban street vending in the country and for matters connected therewith or incidental thereto. OBC. Facebook announces purchase of WhatsApp for $19bn February 23. which will give it a stronghold in the market for messaging. Science Education and Research (Amendment). TUSHANT GARG. it is the largest acquisition by the Mark Zuckerberg-led firm. and issue of certificate of vending to all the street vendors identified in the survey. ST. and subsequent survey at-least once in every five years. In order to avoid uncertainty of authorities. 2014 The social media giant. persons with disabilities. Cabinet nod for Equal Opportunity Commission & Coal Regulator February 23. • • To prevent delay in implementation. Has to make binding recommendations that people from minority communities find adequate representation in government employment or educational institutions. Empowered to specify the principles and methodology for determination of price of raw coal and washed coal and any other by-product generated during washing. (Facebook HQ:Menlo Park. for both perishable and non-perishable goods There is a provision for establishment of an independent dispute redressal mechanism under the chairmanship of retired judicial officers to maintain impartiality towards grievance redressal of street vendors.

either intentionally or unintentionally as a side effect of global farming and industry. The experimental network included eco-systems from alpine areas ofChina to Serengeti in Tanzania. Outcome: Found that plant diversity in natural ecosystems creates more stable ecosystems over time because of less synchronized growth of plants. Kishengarhbas and Ramgarh. As part of the deal.com community and planning to come up with 200 new colleges in minority dominated areas and the areas viz. 2014 As per study led by University of Minnesota researchers.in 60 | P a g e . Under this project. theWhatsApp co-founder and CEO Jan Koum would join the Facebook board. In other words. Future plan: Government pondering to open special schools on the pattern of Kendriya Vidyalayas for minority TUSHANT GARG. it is simple. experts will provide training of commuter skills to the people of chandoli. India’s First Minority Cyber Village inaugurated in Rajasthan February 23.gktoday. 2014 First international experiment by using a network of natural grassland research sites around the world known as Nutrient Network (or NutNet). About the study on “Fertilization destabilizes Global Grassland Ecosystems” • • • • • • • • February 23. Hamid Ansari released a book entitled “Public Issues before Parliament” authored by Mr. “Public Issues before Parliament”. Mr. About India’s First Minority Cyber Village • • • • Objective: To provide computer education to the people of 15 to 59 age group. K Rehman Khan inaugurated India’s first Minority Cyber Village in Chandoli in Alwar district of Rajasthan. Laxmangarh. Published in the international journal Nature. Assessed the effect of fertilizer on 41 sites across 5 continents. the balance output of the ecological safety net on addition of fertilizer was upset across diverse grassland as the various organisms in those disappeared. is having a destabilizing effect on global grassland ecosystems. fast and reliable mobile messaging service that is used by over 450 million people on every major mobile platform. Also found that grassland diversity and stability reduces when fertilizers added. • • Benefit: WhatsApp would complement the existing chat and messaging services to provide new tools for Facebook community. Tijara. Study: Fertilization destabilizes Global Grassland Ecosystems February 23.Mr. NutNet is a “grassroots campaign” that is supported by scientists who volunteer their time and resources. Why Facebook bought WhatsApp? The acquisition of WhatsApp by Facebook is to speed up the company’s ability to bring connectivity and utility around the world. In other words. Ministry of Minority Affairs has targeted villages with substantial population of minorities for this project. Email address: gargtushant@gmail. WhatsApp’s core messaging product and Facebook’s existing messenger app will continue to operate as standalone applications. the fertilization of natural grasslands. Minority people will be benefited more from this cyber village concept. Vijay Darda’s book released by Vice President of India The Vice President of India. The acquisition will not impact the WhatsApp’s brand and the company’s headquarters will remain in California’s Mountain View. Chandoli has been selected as the first village for the pilot project as it holds more than 80% of minority population and also because the minorities of the Mewat region is still backward in education.Current Affairs Compendium February 2014 • • A cross-platform mobile app that allows users to exchange messages without having to pay telecom charges. Vijay Darda (MP) in NewDelhi. © 2014 www. 2014 The Minister for Minority Affairs Mr.

if he so desires. the countries. Act does not mandate any compulsive action by any prospective parent leaving such person with the liberty of accessing the provisions of the Act. The ‘High Joint Commission’.gktoday.com India and Bahrain signed three pacts to boost bilateral ties February 23. The SC judgment came on petition filed by activist Ms. will serve as an umbrella framework for all cooperation between the two countries. Darda during his period as Member of Parliament (MP). Darda is the chairman and editor-in-chief of the Marathi newspaper Lokmat. it adds them all and provides the user with a map. Inventor: Jonah Brucker-Cohen The system tracks where a message was sent from and where it was received and calculates the total distance between the two and displays it on the screen alongside a map. 2014 The Supreme Court ruled that people are free to adopt children irrespective of their religious background. On the establishment of a “High-level joint commission” for bilateral cooperation to replace the Joint Committee for Technical and Economic Cooperation established in 1981. Email address: gargtushant@gmail. Shabnam Hashmi who had approached the apex court after being refused permission to adopt. The bench headed by Chief Justice P Sathasivam stated that the • • • • • Law entitles adoption by people belonging to any religion and any person.Tracks how far our email has traveled February 25. This new technology uses Global Positioning System (GPS) and internet tracking to calculate the number of miles an email has travelled before reaching an inbox. Manmohan Singh and Bahrain King Hamad bin Isa Al Khalifa in New Delhi. can adopt a child. Note: Mr. who does not submit himself to personal law. to be chaired by the Foreign Ministers. The move paved the way for adoption of child by persons hailing from Muslim community even though it is not allowed under their personal law. Juvenile Justice (Care and Protection of Children) Act is a small step towards the concept of Uniform Civil Code mentioned in Article 44 of the Constitution of India. continents and miles the email travelled. The pacts were signed in the presence of Prime Minister Dr. • Another MoU signed between the Foreign Service Institute and the Diplomatic Institute of Bahrain’s Ministry of Foreign Affairs to promote cooperation between the two organizations. Mr. It is dedicated to the common who considers Parliament as an embodiment of his hopes and aspirations.in 61 | P a g e . When all of the mileage amounts are tallied. 2014 Email miles is a new GPS based system that tells us how far our email has travelled. The system does all of its time and distance calculations using the internet and a ‘coordinate mapping system’. About the new technology “Email miles” • • • • A free and open source plug-in for standard email software. © 2014 www. 2014 India and oil-rich Gulf nation Bahrain signed three pacts to boost bilateral ties. Act is an enabling legislation that gives a prospective parent the option of adopting an eligible child by following due procedure. Memorandum of Understanding (MoU) between India and Bahrain: • • In the fields of youth and sports: To strengthen bilateral cooperation through institutional exchanges particularly through exchange of youth and sports teams in various disciplines. “Email Miles”. Darda is a politician from Indian National Congress party and is a Member of the Parliament of India representing Maharashtra in theRajya Sabha since 1998. SC: People from any religious background are free to adopt child February 23.Current Affairs Compendium February 2014 • • • The book is the summarization of the significant contributions made by Mr. TUSHANT GARG.

Beijing (China) CBD. • Taj Mahal is the most beautiful historical place of India which tells about incredible India. Moscow (Russia) CBD. Connaught Place in Delhi is the world’s eighth costliest office location in 2013. It fell to the eighth position (from 4th position) due to an appreciation in both the US dollar and euro against the Indian rupee in 2013. Email miles show how indirect the route of emails can be. media. cuisine. The government would provide interest subsidy on outstanding education loans sanctioned before March 2009.in 62 | P a g e . consulting. 2014 In other words.600 crore. Moscow and New Delhi recorded no change in rental values.Current Affairs Compendium February 2014 • February 25. cultures. Bamboo or cane work from North East India. A large section where loans have gone bad is mostly because of unemployment.61 183. Note: Taj Mahotsav started in 1992 and is organized by the Uttar Pradesh Department of Tourism to increase the Indian Tourism. dance and music. including a ranking of the most expensive locations across the world in which to occupy office space.com the public identification of defaulters that the same yardstick cannot be applied to all cases. The USA and Mexico saw the prime rents rise compared to other top ranked cities that saw the fall in prime rents. Connaught Place: World’s 8th costliest office location in 2013 February 25. Paper mash work from South India and Kashmir.48 128. Tokyo (Japan) Connaught Place. The move will cost the exchequer Rs 2. the government declared an interest subsidy scheme on unpaid education loans. BFSI.day annual festival.34 122. London (UK) Central. Goverment directs banks: ‘Don’t publish pics of education loan defaulters’ February 25. then the Government of India (GoI) officially stated on TUSHANT GARG. When the Bombay High Court refused to stop publication of photographs of a defaulter firm. Theme: Paigham-e Mohahabbat or the message of love. trade. the marble and zardozi work from Agra. Excerpts of the & Wakefield report 2014 Rank 1 2 3 4 5 8 Location/City West End. Legendary artisans from different parts of the country would get an opportunity to display their exquisite works of art viz.gktoday. Global office rents increased by 3% overall. The banks have been adopting ‘name-and-shame’ policy to force borrowers to pay up defaulted loans. the economic climate improved as the year progressed. crafts. This 10 days long carnival is actually a vibrant platform that gives us information of India where we can find India’s rich arts.32 139. Email address: gargtushant@gmail. 2014 The Union Government has directed banks not to publish photographs ofeducation loan defaulters in newspapers. It is organized by the Uttar Pradesh Department of Tourism to increase the Indian Tourism. but the step by the government may act as a shield for the youth. Uttar Pradesh.73 • • • • • • Focus: On prime office rental performances and occupancy costs across the globe. etc. The location continues to remain high on priority for sectors viz. Note: The directive comes at a time when in the interim budget. New Delhi Occupancy Cost ($/sq ft/yr) 271. Most students are not wilful defaulters. 2014 As per the global property consultant Cushman & Wakefield report. wood or stone carvings from Tamil Nadu. saying it was in larger public interest and in its ruling prompted banks to even publish names of some education loan defaulters. Hong Kong CBD. “Taj Mahotsav 2014” The 10. About Taj Mahotsav 2014 • • • • Celebrated from February 18 to 27 at Shilpgram near the Eastern gate of “Taj Mahal”. © 2014 www. In Asia Pacific rental growth was largely flat on the back of a slowing economythough. Taj Mahotsav 2014 began in Agra.8 131.

Red Fort.C. and it must have a large and extremely rich body of ancient literature. Hart defined Classical Language as follows: TUSHANT GARG. A committee of linguistic experts followed it up. Bengali. Tamil. Jantar Mantar. And based on above.gktoday. Sanskrit. with 15 cameras on board that capture a 360-degree view of the area around. not as an offshoot of another tradition. Telugu. • In pursuance of the signed agreement with ASI and Union Culture Ministry. The classical language and literature being distinct from the modern.Current Affairs Compendium February 2014 ASI & Google jointly launched the 360 Degree Online View of Indian Heritage Sites February 25. there may also be discontinuity between the classical language and its later forms or offshoots. What is a ‘Classical Language’? A classical language is a language with a literature (art of written work) that is classical.com “It should be ancient. be declared as a classical language. It is mounted on a wearable backpack and the total unit weighs around 20 kg. Benefits of declaring Odiya as classical language • • • Two major annual international awards for scholars of eminence in Odia language. Chinese. Tamil. a certain number of professional chairs for classical languages. for scholars of eminence in Odia language. Humayun’s Tomb. followed by Sanskrit in 2005. U. etc. Hebrew. Note: Street View Trekker Technology is a Street View camera platform. Fort St George. Of these only Chinese and Tamil are used by masses now.in 63 | P a g e . Itimad-ud-Daula. Fatehpuri Sikri. In 2006. to start with at least in Central Universities. the Union Minister for Tourism and Culture announced in the Rajya Sabha the creation of a new category of languages as classical languages based on 4 norms: • • • • High antiquity of its early texts/recorded history over a period of 1500-2000 years. The operator walks through pedestrian routes and is designed to reach places that can be accessed by foot. The literary tradition should be original and not borrowed from another speech community. of an independent nature and not a derivative of any other tradition. Which are the Classical Languages of India? Languages thus far declared to be Classical are: © 2014 www. which is considered a valuable heritage by generations of speakers. Sanskrit. “Odia”. There has been a long-standing demand that Odia. it should be an independent tradition that arose mostly on its own. Thus. A body of ancient literature/texts. Objective: To create a dynamic. etc. Agha Khan Palace. Agra Fort. Nagarjuna Hill.6th Indian classical language February 25. 2014 The Archaeological Survey of India (ASI) and Google jointly launched 360-degree panoramic imagery of 30 out of 100 “nationallyimportant monuments”. Telugu. Chandragiri Fort. Email address: gargtushant@gmail. These two languages (Tamil and Sanskrit) are undoubtedly parental sources for many languages belonging to the Indo-European family and the Dravidian family of linguistic groups. Greek and Latin are considered as the Classical Languages of the World. In India. the definition of classical languages has undergone several changes over the years and the latest criterion too is susceptible to changes.” Classical languages are those which are ancient. Tamil was the first to gain the Classical Language status. A ‘Centre of Excellence for Studies in Classical Languages’ can be set up. Google created a virtual walkthrough application using its Street View Trekker technology for the first time in India. It is the sixth Indian language to get such prestigious tag after Sanskrit. and based on its recommendation classical status was conferred on Telugu and Kannada in 2008.Berkeley linguist George L. Rajagiri Fort. 2014 The Union Cabinet gave its nod for classifying Odia as a classical language to give impetus to scholarships in the language. which is one of the oldest languages and has no resemblance to Hindi. Raigad Fort. Krishnagiri Fort. The University Grants Commission can be requested to create. The images of sites that can be accessed on Google Maps through Street View are the Taj Mahal. Qutub Minar. Kannada and Malayalam. immersive online experience by which people within India and around the world can understand and engage more of India’s diverse cultural heritage.

2014 February 26. rich culture and scenic natural beauty. 3. “Patna” – World’s Longest Free Wi-Fi Zone in India February 27. the department is also negotiating with countries viz. It will have hard top and doors. while the other facilitation centres in small towns and major tourist destinations will be constructed at a cost of Rs. launched an ambitious Rs. 2014. halting points. 2014 Four-wheel vehicle with a small engine. Maximum speed: 70 kmph. About Quadricycles • • • • • • • February 26.com Sikkim: Best State in implementation of rural tourism projects. Sikkim is the perfect destination to experience warm hospitality.40 crores. To boost tourism in Sikkim The Chief Minister Mr. 4.in 64 | P a g e . 2014 © 2014 www. The tourism department of Sikkim had tied up with states viz. A total 20 facilitation centres will be set up in the state for strengthening tourism facilities. and added that capacity building. conferences.140 crore project for developing various tourism convenience facilities.gktoday. which falls under M1 category of vehicles. training. • • • Sanctioned Rs. All facilitation centres will start to function by the year 2015. retiring units and other infrastructural facilities project in the state.Gujarat. Bhutan and Nepal. Karnataka and Goa for tourist flow from these states to Sikkim. The Union Ministry of Tourism declared Sikkim as the best State in the implementation of rural tourism projects. 5. Expected to run 35 km on a litre of fuel.50 lakh each. view points. Pawan Chamling. Shashi Tharoor presented the National Tourism Award 2012-13 to Sikkim’s Tourism Minister Bhim Dhungel in New Delhi. More efficient on security and safety concerns as it had introduced the provision of seatbelts and braking system like that of cars. The Union Minister for Human Resource Development Dr. Tamil (2004) Sanskrit (2005) Kannada (2008) Telugu (2008) Malayalam (2013) Odiya (2014) Quadricycles to ply from October 1.50 crores for setting up facilitation centres in Gangtok and various other important tourist destinations of the state. Objective to permit Quadricycles: To replace the auto-rickshaws because the emission norms of these vehicles are better than autorickshaws. manpower and human resources will be strengthened under these facilitation centres. Kerala. it will be mandatory for such vehicles to have seatbelts for both the occupants in the front and two in the rear seat. • • • • As per the Union Tourism Ministry. marketing. 6. TUSHANT GARG. The main facilitation centre will be set up in Gangtok at a total cost of Rs. Email address: gargtushant@gmail.Current Affairs Compendium February 2014 1. To ensure international tourism flow in the state. The weight of the battery excluded from the vehicle curb weight to promote no carbon emission. 2014 The Quadricycles will be allowed to run in cities across the country from October 1. As a safety measure. Won’t be allowed to ply on highways. Manufactured by Bajaj Auto. 2.

The tight monetary policy would slow the growth recovery. IMF projected India’s FY’15 growth at 5.5% in the previous fiscal. Launched by Union Minister of Tribal Affairs Raj V Kishore Chandra Deo. Detailed write.in 65 | P a g e .com As per India’s official estimates.6% and will pick up to 5. About the e-commerce portal • • • • • • • • This online portal is initially open for only Indian shoppers and forinternational buyers later. The government expects to growth to pick up in the 2014-15 fiscal. the economy probably to expand at 4. metal artifacts and jewellery. Sri Lanka makes graphic warning on cigarette packs mandatory February 27. In a bid to make Patna crime-free. Nitish Kumar unveiled the world’s longest free Wi-Fi zone at the e-Bihar summit in Patna.gktoday.4% in 2014-15 at factor cost. The Tribal Cooperative Marketing Development Federation ofIndia Limited (TRIFED) is making special efforts to promote the sales of handicrafts. Patna. • • • • This new free Wi-Fi zone beats the current world’s longest zone of 3.5 km in China. 2014 The Sri Lankan parliament passed a law that makes it mandatory for putting graphic warning on cigarette packs. the three regulations passed to discourage smoking in the country. Under the National Authority on Tobacco and Alcohol Act. The IMF forecast: • • • • Consumer prices based inflation is expected to remain near double-digits in 2014-15. which would be shared all over the network to nab any criminal. Nagaland and Himachal Pradesh will also be available. Features 69 tribal products viz. Mr. free WiFi zones are next to negligible in the country. A state data centre has also been opened for storing of the ‘data’ collected by these cameras. textiles. Assam.4% economic growth forIndia in 2014-15 and proposed to strengthen the inflation management polices and doing away with supply bottlenecks for better GDP. Such a step has put not just India on the global map but even made Bihar an example to follow for other states. (These projections of India were a conclusion of its annual discussions with India). 2014 The Union Ministry of Tribal Affairs launched an online shopping portal for sale of authentic tribal products that will seek to create a ‘niche’ market for indigenous artisans. Kumar also inaugurated the ‘city surveillance and dial 100’ project. wherein 100s’ of CCTV cameras would be installed all over the city for better safety and security. This project will enable CCTVs to capture vehicle numbers and person’s identity instantly. etc.9% in 2013-14 as against 4. source certification and developing standards for products.Current Affairs Compendium February 2014 The Chief Minister of Bihar. internet connectivity in India is poor and Wi-Fi hubs are rare. Future Plans: The Ministry of Tribal Affairs has plans to launch a new website for the minor forest produce viz. Positive Outcome of Free Wi-Fi zone: Still. Emailis address: gargtushant@gmail. For the fiscal year 2013-14. sheep wool and Pashmina material from states viz. etc. honey and tamarind. Online shopping portal for authentic tribal products launched February 27. Mr. TUSHANT GARG. Paintings from four states and dokra metal artifacts and jewellery from states viz. The free Wi-Fi zone stretched nearly 20 km between the National Institute of Technology (NIT) at the eastern end of the Ashok Rajpath and Danapur at the western end of the state capital.4% February 27. driven by high food inflation that feeds into wages and core inflation. Shawls. Also.ups of the products will also be available. Orissa. As per the regulation © 2014 www. 2014 The International Monetary Fund (IMF) projected 5. Objective: To provide branding. Every vehicle entering or exiting the city would be monitored this way. stoles and mufflers will be in available in Angora. India’s growth will be 4.

the retail inflation for industrial workers between January 1 to December 31. In addition. Smoking causes heart diseases. The biggest advantage of SOMAH is that it can be used at room temperatures. Dearness Allowance (DA) is around 90% of basic pay and another hike of 10% is expected soon. developed by Indian origin doctor Dr.Bezbaruah Committee: For protection of rights of North Eastern people February 27. As per practice. Hemant Thatte developed a 21-chemical solution known as SOMAH Solution that could preserve a donated organ for up to a week before a transplant. Ashok Kumar Mathur-7th Pay Commission: Cabinet approved merger of 50% DA with Pay and 7th Pay Commission Terms of Reference February 27. Email address: gargtushant@gmail. Note: To revise the salary structure of Union government employees from both civil and military services. Top five Countries who topped the list: TUSHANT GARG. 2014 In order to benefit over 50 lakh employees and over 30 lakh pensioners. 2014 © 2014 www. package or carton containing cigarettes covering 80% of the pack. Note: In Sri Lanka. Smoking causes cancer and Smoking causes sexual impotence mandatory. What is SOMAH Solution? SOMAH Solution in Sanskrit means elixir of immortality. Hemant Thatte February 27. 2014 An Indian origin doctor. held in Sochi. the available organs cannot be transported long-distance for transplant and have to be made available locally. DA is calculated on the basis of change in retail inflation. Also made it mandatory to specify health warnings on the packs and includes Smoking makes children ill. a retired Supreme Court judge and retired chairman of Armed Forces Tribunal. Hemant Thatte is a senior cardiovascular surgeon at HarvardUniversity. Presently. The new preservative that is a mixture of 21 chemicals. Dr. A research paper published in the medical journal Circulation in October 2009 showed cells of organs preserved in SOMAH had a lower rate of death than in another preservation solution. the government uses CPI-IW data of the past 12 months to arrive at a quantum for the purpose of any DA hike. Sochi 2014: Russia topped medal table as Winter Olympics came to an end February 27. the Union Cabinet approved terms of reference for seventh pay commission. has the potential to store the heart (and other organs) for up to 7 days. 2013 would be used to take a final call on the matter.to preserve donated organs”.gktoday. This includes merging dearness allowance above 50% with basic pay. M.000 persons. Thus. the numbers of cancer patients are on increase and annual death toll due to smoking amounts to about 20.in 66 | P a g e . package or cartoon. Russia. • • • • • • Dr. the liver within 8 hours and kidneys within a bit more than 24 hours. Ashok Kumar Mathur. At present.Current Affairs Compendium February 2014 • • Pictorial warnings should be printed on the surface of both front and back portions of every cigarette packet. Host nation Russia finished on top of the medal table by winning 33 medals in the tournament.P. the Union Government constituted the 7th Central Pay Commission under the chairmanship of Mr.com Rank 1 2 3 4 5 Country Russia (RUS)* Norway (NOR) Canada (CAN) United States (USA) Netherlands (NED) Gold 13 11 10 9 8 Silver 11 5 10 7 7 Bronze 9 10 5 12 9 “SOMAH Solution. hearts and lungs need to be transplanted within 4-6 hours of being recovered from a brain-dead donor. 2014 The 2014 Winter Olympics. officially known as the XXII Olympic Winter Games.

students’ organizations and other persons from the North Eastern States living in Delhi to seek their suggestions. 2014 © 2014 www. Note: The bill would create a legal framework to investigate and prosecute cases of corruption involving government officials. • Earlier. especially the Metropolitan areas. Rishang Keishing: India’s oldest Parliamentarian retired after serving seven decades February 27. He had served as Chief Minister of Manipur four times. Whistleblowers Protection Bill 2014: Passed by Parliament February 27. Note: After Mr. TUSHANT GARG. About Whistle-blowers Protection Bill 2014 • • • Objective: To provide and protect mechanism. The bill also seeks to provide punishment for false or frivolous complaints. Sets the procedure to inquire into the disclosures and provides adequate safeguards against victimisation of the whistleblower. a six-member panel led by Former IAS officer M P Bezbaruah.Northeast@gmail. Keishing’s retirement.gktoday. was formed to propose remedial measures to address concerns of people from the Northeast following outrage over the death in Delhi of a 19-year-old student from Arunachal Pradesh. he joined the Congress in 1962. Mr. Mr. Keishing started his political career as a socialist and became the member of the first Lok Sabha in 1952 after being elected from Socialist Party. Mr. • Four new members drafted in the committee: Ms. 172-C. To examine the causes behind the attacks/violence and discrimination against the people from the North-Eastern States. Terms of Reference of the Bezbaruah Committee:- • • • • To examine the various kinds of concerns. who are living in different parts of the country. Ram Sundar Das of the Janata Dal-United (JD-U) will be the oldest MP in the Lok Sabha. Will provide an adequate protection to persons reporting corruption or wilful misuse of discretion which causes demonstrable loss to the government or commission of a criminal offence by a public servant. New Delhi. “e-wallet Scheme” launched by IRCTC February 27.com Mr. To suggest measures to be taken by the Government to address these concerns. of the persons hailing from the North Eastern States. 2014 The Parliament of India approved the Whistleblowers Protection Bill 2014 to set up a mechanism to encourage persons for disclosure of information oncorruption or willful misuse of power by public servants. methodologies to encourage the person for reporting any such corruption activities or any misuse of power by a bureaucrats or government officer. Allen Temshi Jamir. Marina Nido(Mother of the Student Nido Tania who died after being allegedly beaten by some shopkeepers in south Delhi’s Lajpat Nagar). The Bezbaruah panel will interact with the students/professionals. Rishang Keishing (94) decided to retire after serving the nation for seven decades. Tape Bagra and P Bharat Singh and the Deputy Secretary in Ministry of Home Affairs S Saha as Member Secretary. Note: Suggestions can also be sent by e-mail atmpbcomm.com and also by post to S Saha. NGOs. Email address: gargtushant@gmail. It will also seek to provide punishment for false or frivolous complaints.in 67 | P a g e . The Lok Sabha had passed the bill in 2011. His term at Rajya Sabha (the Upper House of Parliament) ends on April 9. 2014. To suggest legal remedies to address all the concerns. • Members: Retired IAS officers H W T Syeim. Ministry of Home Affairs. 2014 India’s oldest parliamentarian. including the concerns regarding security.Current Affairs Compendium February 2014 The Union Government expanded Bezbaruah panel to look into the various kinds of concerns of the persons hailing from the North Eastern States. Room No. the Rajya Sabhagave its nod to the bill without any amendment after keeping it pending for more than two years. former IPS officer S T Sangliana and student’s leaders J Mavio and J T Tagam from Nagaland and Arunachal Pradesh. Member Secretary. and to suggest suitable remedial measures which could be taken by the Government. Recently. North Block.

who are all nationals of member countries of ADB. Manufacturer: ISRO. At present. • Also. Debit card or Net banking. Note: National Highways Development Project (NHDP) is the flagship road building programme of Ministry of Road Transport and Highways. Ms Lakshmi Swaminathan : First Indian President of Administrative Tribunal of the Asian Development Bank (ADB) February 27. Email address: gargtushant@gmail. Available for PAN verified users only. About Geosynchronous Satellite Launch Vehicle Mark III (GSLV Mark-III) • • • Function: Mid-Heavy Lift Launch System. as an external mechanism to review personnel decisions by Management. Composition: Consists of five judges. © 2014 www. There is no difference between e-tickets booked through e-wallet scheme or those booked through other payment options available on Click here for e-Wallet User Guide: eWALLET User Guide ATP Delhi open: Somdev Devvarman wins single’s title February 27. Swaminathan is the seventh president of the Tribunal.gktoday. the Cabinet decided to rename “Ennore Port” in Chennai as“Kamarajar Port”. “e-Wallet Scheme“ • • • • the website. Together with this. while booking e-ticket. the due refund will be credited to the e-Wallet account next day. CCEA nod to convert 7. The present length of the National Highways in the country is about 80. The Tribunal elected Judge Ms. 61 in the final in NewDelhi. 2014 The Indian Space Research Organisation(ISRO) would carry out an experimental launch of GSLV Mark III in May/ June. (IRCTC is a public sector undertaking of the Ministry of Railways). during the UPA regime. Lakshmi Swaminathan became the first Indian to become president of Administrative Tribunal of the Asian Development Bank (ADB) for three years.in 68 | P a g e . Names of all passengers booked on a fully wait-listed e-ticket are dropped at the time of preparation of reservation charts and fare is refunded automatically. In case of ticket cancellation. Ms. she is a member of the Panel of Arbitrators of several public sector undertakings and NSE.000 km of the state highways converted into national highways. TUSHANT GARG. approx 17. currently running into seven phases. 2014 India’s top singles star. ISRO: Experimental launch of GLSV Mark III in May/June February 27.in).Current Affairs Compendium February 2014 The Indian Railways Catering and Tourism Corporation (IRCTC) launched e-Wallet Scheme to make payment process fast and to reduce transaction failures due to bank payment related problems.co.000 km.200 km of state roads to highways February 27. through Credit card. lifted the men’s doubles title with Sanam Singh and they put a bow on the Indian swing with doubles titles in the capital city of New Delhi. one has to make the payment for the fare of the ticket. Objective: To launch heavy satellites into geostationary orbit and will allow India to become less dependent on foreign rockets for heavy lifting.irctc. 2014 The Cabinet Committee on Economic Affairs (CCEA) gave its nod to convert 7. Saketh Myneni. 2014 Ms.com About Administrative Tribunal of Asian Development Bank (ADB) • • • Establish: 1991. Somdev Devvarman won his third ATP Challenge Tennis title after beating top seed Aleksandr Nedovyesov by 6-3. Lakshmi Swaminathan as President and Professor Roy Lewis as Vice-President on the occasion of the 35th session held in Manila. ISRO is also set to send its next satellite IRNSS-1B on board rocket PSLV C24 from Satish Dhawan Space Centre at Sriharikota in March/April 2014. A rolling deposit scheme wherein the customers will have an account with the IRCTC and deposit money to be used in future for booking e-tickets from its website (www.200 Kms of states roads into national highways. The national space agency. At present.

MuHive Technologies: A startup that offers a social engagement platform to help organisations simplify their social conversations.Current Affairs Compendium February 2014 • • Three stage vehicle with a first stage consisting of two identical large solid boosters strapped onto the second liquid stage. Runs for four-months in Target India’s Bangalore office and will annually incubate four to five startups in the mobile. the Governor General of Canada. Mr.gktoday. About Target Accelerator Programme (TAP) • • • • • • • • • Objective: Target’s program is designed to help early-stage startups to develop ideas that could improve the retail giant’s business and the broader retail industry. social. Target will provide funding of up to $30. Have an Indian built cryogenic stage with higher capacity than GSLV MK-2 and a passive cryo-stage where no engine will be burnt in the third stage. MoUs signed between India and Canada: The Grand Challenges Canada and Department of Biotechnology will work together to address the global health challenges especially for women and childhealthcare. content. 2014 India’s middle order batsman. providing a new chapter of collaboration. Mr. Stewart Beck (High Commissioner of Canada to India) signed an agreement on the audio visual cooperation. TUSHANT GARG. Five shortlisted startups of the first batch of Target Accelerator Programme (TAP): Turnaround Innovision: A website that helps in rotating 3D images to display products on host websites. 2014 The Indian arm of US retailer Target. data and analytics. Bimal Julka and Mr. National Skill Development Corporation from India and Association of Canadian Community College from Canada will work in skill development segment and to cooperate and share the information and learning on this aspect. Target India launched its Target Accelerator Programme in Bangalore to incubate and provide mentoring to its first batch of five technology start-ups. integrity and sense of duty towards his country as he has been an integral part of India’s cricket team for the several years. Email address: gargtushant@gmail.com India and Canada inked 3 pacts to enhance business and cultural ties February 27.in 69 | P a g e . Target Accelerator Programme (TAP) launched first accelerator programme for Indian start-ups February 27. Pujara is known for his discipline. Unbxd Inc: Enables personalised searches. Konotor: A two way communication channel between a client and their mobile app users. He has a very clean image and has always steered himself clear of controversies. Mr. © 2014 www. audio-visual co-production and skill development. The secretary of information and broadcasting. social media and big data analytics segment. The agreement is expected to deepen the engagement between the critical sectors of the film industries of both countries there by. search. The Target Accelerator Programme is the first such programme launched globally by the Minneapolis head quartered retail behemoth. Currently. Focus: on incubating startups operating in the areas of mobile. He won the Emerging Cricketer of the Year 2013. This MoU will enable Indian and Canadian film producers to utilize a platform for collaboration on various facets of film making. product recommendations and website navigation. The selected startups will also be mentored and provided with business tools and operational support. The third stage is a cryogenic stage. Instaclique: by Nirmantra Technologies helps organisations to integrate social media conversations online to decrease website bounce rates and increase customer engagement. Cricketer Cheteshwar Pujara: Brand ambassador of Gujarat Election Commission February 27. 2014 India and Canada signed 3 pacts for cooperation inhealth sector. David Johnston is on a 9 day visit to India. Cheteshwar Pujara has been appointed as the brand ambassador of the Gujarat stateElection Commission for the upcoming Lok Sabha elections. Objective: To encourage young voters of the region to caste their votes in the upcoming elections.000 in cash and operational expenses to each of its incubated ventures.

regional building materials. three level mechanized basement parking system. use of plants with Low water demand in landscaping. furniture. Manmohan Singh inaugurated Indira Paryavaran Bhawanin New Delhi.in 70 | P a g e . 2014 Prime Minister Dr. What is Tizen? – “Samsung launched Tizen-powered smart watches” February 27. audio and video system in auditoriums and committee rooms.” About second-generation Gear smart watches © 2014 www. The entire building has an access friendly design for differently-abled persons. With an Installed capacity of 930 KW peak power. This is an innovative air conditioning system.Current Affairs Compendium February 2014 “Indira Paryavaran Bhawan” inaugurated by Dr. provision for horticulture and other services including reuse of water by recycling the waste water and Requirements of GRIHA 5-Star and LEEDS Platinum ratings • • • • • Effective Ventilation has been achieved by orientating the building in an East-West direction. materials with high recycled content. and the Gear 2 paves the way for what Samsung calls the “Tizen based wearable platform. the building has the largest roof top Solar system among Multi storied buildings in India. UPVC windows with hermetically sealed double glass. rain water harvesting and use of curing compounds during construction. 2014 Samsung launched second generation Gear smart watches powered by Tizen operating system to break the iOS and Android duopoly in the mobile market. About Indira Paryavaran Bhawan • Project of Ministry of Environment and Forests A Project for Construction of New office Building at Aliganj. recycling of waste water through Sewage Treatment Plant. Reduction in water consumption has been achieved by use of Low discharge water fixtures. solar photo voltaic power generation and its evacuation system. Samsung’s NX300M smart camera was the first device to run on Tizen. India’s first on site Net Zero green building built by the adoption of Solar Passive design and energy efficient building material. TUSHANT GARG. The design is such that 75% of natural daylight is utilized to reduce energy consumption. high reflectance terrace tiles and rock wool Insulation of outer walls. Rapidly renewable Bamboo Jute Composite material has been used for door frames & shutters. New Delhi. Cost: Rs. air-conditioning system supported by geo-thermal cooling. Calcium Silicate ceiling tiles having high recycled content and grass paver blocks in pavements and roads. The building is targeted to achieve LEED India Platinum Rating and GRIHA 5 star rating. Email address: gargtushant@gmail. separating different blocks with connecting corridors and having a large central court yard. which will house the Ministry of Environment and Forests and has a provision to accommodate its 600 officials. where air conditioning is done by convection currents rather than air flow through diffusers and chilled water is circulated right up to the diffuser points unlike the conventional systems.gktoday. also to make the building friendly to physically challenged. IT services. use of Geothermal cooling for HVAC system. Manmohan Singh February 27. include the cost of land.com • • • • Green materials have been used like Fly ash bricks. 209 crore. Total energy savings of about 40% has been achieved by adoption of energy Efficient Chilled Beam system of Air Conditioning. Jor Bagh Road.

Available programming languages: HTML5. Bluetooth 4.com Provides application development tools based on the JavaScript libraries jQuery and jQuery Mobile. The call can be made from a landline or mobile number. etc. and also monitor heart-rate. The security helpline service will be managed by Railway Protection Force (RPF). in-vehicle infotainment devices. smartphones.0-megapixel camera (not included in the Neo). at 10mm vs. Mocha Grey and Wild Orange colors. C. smart cameras. it is rapidly becoming the preferred development environment for mobile apps and services. Both the watches will be available from April. The Gear 2 will be available in Charcoal Black.0 LE. Gear 2 Neo is made of plastic while the Gear 2 has a metal face. Email address: gargtushant@gmail. • • • • • Objective: To offer a consistent user experience across devices. 2. • The Tizen SDK and API allow developers to use HTML5 and related web technologies to write applications that run across multiple device segments. The Super AMOLED display on the Gear 2. netbooks.gktoday. and our movement activity. tablets. applications. Ms. “1322”.63-inch with a 320-by-320 pixels resolution. and silicon suppliers for multiple device categories viz. Moradabad.in 71 | P a g e . based on HTML5.American Scientist Sangeeta Bhatia developed cheap paper diagnostic for cancer February 27. 512MB RAM. Indian.1mm. Both the variants of the Gear 2 are IP67 certified water and dust resistant. 11. Provides a robust and flexible environment for application developers.Current Affairs Compendium February 2014 Available in two models: Gear 2 and the camera-less Gear 2 Neo. About the paper diagnostic test for cancer © 2014 www. smart TVs. The Gear 2 also has 4GB of internal memory.8 gm) and thinner too. Ferozpur. 2014 Northern Railway launched 24 x 7 security helpline No. a unique complaint number will be generated and provided to the complainant to be followed for necessary action. What is Tizen? It is a project within the Linux Foundation and is governed by a Technical Steering Group (TSG) composed of Samsung and Intel among others. C++. measures 1. Gold Brown and Wild Orange colors while the Gear 2 Neo will be available in Charcoal Black. • • Open-source Linux powered operating system. With HTML5 ′s robust capabilities and cross platform flexibility. device manufacturers. Ms. and an IrLED sensor that will help control other electronic devices such as TVs and set-top boxes through the Watch ON Remote app.1322 to provide speedy assistance to passengers in the event of thefts. Weight: Gear 2(68 gm) and Gear 2 Neo (55 gm). and a user experience that consumers can take from device to device. cheap. Standards-based software platform supported by leading mobile operators. Delhi and Lucknow divisions. Once a passenger calls the helpline. the facility will be operational in 731 stations of the Northern zone covering Ambala.security helpline number launched by Northern Railway for passengers February 27. At present. It can accept or ignore calls. Offers an innovative operating system. Sangeeta Bhatiadeveloped a simple. harassment and other criminal incidents on rail premises. TUSHANT GARG. Both the models are lighter than the original Galaxy Gear (73. messages. 2014 The Indian-American scientist. Bhatia is professor at Massachusetts Institute of Technology (MIT) and Howard Hughes Medical Institute. Powered by the Tizen operating system. paper test that could improve cancer diagnosis rates and help people to get treated earlier. Future Plan: To launch “1322” as an all India helpline number for Railway passengers.2014.

Brahma Chellaney.Current Affairs Compendium February 2014 The diagnostic. Albania.com “Water. these particles congregate at tumour sites. The PIL filed by NGO “Common Cause” had contended that a person whose life was ebbing out should be allowed to die. Brahma Chellaney’s book launched February 27. © 2014 www. These nanoparticles. which normally holds cells in place. which then accumulate in the kidneys and are excreted in the patient’s urine. M. The author sketched a bleak picture of water scarcity in Africa. Water stressed conditions are also appearing in developed countries. the researchers were able to accurately identify colon tumours. Spain. Brahma Chellaney. These proteins are known as Matrix Metallo Proteinase (MMP) that help cancer cells to escape from their original locations by cutting through proteins of the extra cellular matrix. The synthetic biomarker technology relies on nano-particles that interact with tumour proteins called proteases. viz. Founds a way on how we can secure humankind’s water future and promised to become the recognized authority on the most precious natural resources of this century. Email address: gargtushant@gmail. the same technology used in pregnancy tests. and the Middle East regions that are not only struggling with unstable governments.gktoday. About the “Water. each of which can trigger release of hundreds of biomarkers that are then easily detectable in a patient’s urine. the apex court stated that the Constitution bench will go into all aspects of the issue and take a final decision on framing guidelines. 2014 The Vice President of India. Peace and War – Confronting the Global Water Crisis” authored by Mr. In a patient’s body. as the continuance of the life with the support system was an unnatural extension of the natural life span. which works much like a pregnancy test. Estonia. Mr. based on a urine sample. the researchers are now working on a nanoparticle formulation that could be implanted under the skin for longer-term monitoring. Euthanasia is the practice of intentionally ending a life in order to relieve pain and suffering. Even the deep-water aquifers that support modern agriculture in North America are dwindling. and South Korea. Hamid Ansarilaunched a book titled “Water. coated with peptides (short protein fragments). Peace and War – Confronting the Global Water Crisis” Mr. could reveal within minutes. Note: As per the current version of the technology. Euthanasia Plea issue: Apex Court refers matter to constitution bench February 27. Peace and War – Confronting the Global Water Crisis” book Focus: On a wide range of research from scientific and policy fields to examine the global linkages between water and peace. as well as blood clots. The Centre had vociferously opposed the plea terming it as “suicide” which could not be allowed in the country. TUSHANT GARG. Switzerland.in 72 | P a g e . • • • Concept of synthetic biomarker technology: To amplify signals from tumor proteins (that would be hard to detect on their own) by injecting special nanoparticles into the body. and then urinate onto the paper test strip. To make the process more convenient. In tests in mice. and the USstates of Washington. Oregon and Montana. • These biomarkers are easily detectable using an approach known as a lateral flow assay. but also rapidly growing populations. where cancer proteases cleave the peptides. whether a person has cancer. can interact with tumour proteins called proteases. Note: Jurisdictions where euthanasia or assisted suicide is legal – theNetherlands. Luxembourg. Author: Mr. patients would first receive an injection of the nanoparticles. Asia. Due to conflicted opinions on euthanasia. Australia. 2014 The Supreme Court of India referred the issue of legalizing euthanasia in the country to a five-judge Constitution bench. Belgium.