Professional Documents
Culture Documents
August 1: Betting big on the governments reforms agenda, overseas investors have poured in more than USD 5 billion in
the Indian market so far this month taking the total inflow to over USD 25 billion since January 2014.
August 1: The soon-to-be-turned private bank IDFC will be headed by its current Executive Chairman Rajiv Lall. Subject to
RBI approval, Rajiv Lall will be the Managing Director and Chief Executive Officer of IDFC Bank, which is expected to be
formed by October 2015.
August 1: Large public companies can now appoint an individual as the Chairperson as well as Managing Director or chief
executive officer at the same time.
Note: This dispensation will be available for public companies with a paid-up capital of Rs. 100 crore or more and an annual
turnover of Rs. 1000 crore or more, the corporate affairs ministry has said.
August 1: The Federal Reserve is cutting its monthly purchases of Government-linked bonds to $25 billion, down from the
$35 billion level set at the central banks last meeting in June.
August 1: Drugmaker Cipla has entered into a commercial collaboration with BioQuiddity Inc for BioQuidditys OneDose
ReadyfusOR anaesthetic applications for post-surgical pain management.
Note: The agreement covers the European Union and other countries in the region, Cipla said.
August 2: SBI Caps (the investment banking arm of State Bank of India) has been asked by the Finance Ministry to
undertake a study on the merger and recapitalisation of banks
August 3: The Central Bureau of Investigation has registered a case of alleged bribery against the Chairman & Managing
Director of Syndicate Bank Sudhir Kumar Jain.
August 8: Vidyo, Inc., a visual communications solutions provider has been selected by IndusInd Bank, one of the fastest
growing new-generation private sector banks in India for Video Branch, a mobile and desktop-based banking service being
deployed across the country.
August 9: The Reserve Bank of India has said that the proposed Bharat Bill Payment System (BBPS) will function as a
tiered structure for operating the countrys bill payment system. It will have a single brand image providing convenience of
anytime anywhere payment to customers.
August 11: The RBI said that it will transfer the surplus amount of Rs. 52,679 crore to the Government. The year before, the
central bank said that it had transferred Rs. 33,010 crore to the Government.
August 16: Coca-Cola has announced it will pay $2.15 billion for a 16.7 per cent stake in Monster Beverage, cementing a
distribution-based link between the two that had added significantly to Cokes profits.
August 20: Google confirmed it has bought the startup behind a Jetpac mobile application that creates insightful travel
guides by analyzing pictures from social networks such as Instagram.Financial terms of the deal were not disclosed.
August 22: Five Indian companies, including Hindustan Unilever and Tata Consultancy Services, are among Forbes list of
the worlds 100 most innovative companies that investors think are most likely to generate big, new growth ideas.
August 22: People can now deposit up to Rs 1.5 lakh annually in their Public Provident Fund (PPF) with the government
notifying changes in the popular savings scheme. The government has issued a notification raising the limit from annual PPF
deposit limit from Rs 1 lakh to Rs 1.5 lakh in pursuance of the announcement made by Finance Minister Arun Jaitley.
August 22: Non-Banking Financial Companies (NBFC) with asset size of Rs. 100 crore and above have been forbidden to
give more than 50 per cent of the value of shares pledged with them (capping the loan to value ratio at 50 per cent). This
would be applicable only to loans of Rs. 5 lakh and above.This has been done to minimise volatility in the market.
August 22: To provide a one-stop virtual shop for all social welfare spending needs of companies, the Government plans
to have a corporate social responsibility portal along with data analytics platform.
August 30: The Department of Economic Affairs, Ministry of Finance is bringing out the twentieth issue of the annual
publication Indias External Debt: A Status Report 2013-14. The Report presents a detailed analysis of Indias external debt
position at end-March 2014, based on the data released by the Reserve Bank of India on June 30, 2014.
August 30: State-owned United Bank of India (UBI) has filed a caveat in the Supreme Court against Kingfisher Airlines
(KFA) shortly after Calcutta High Court division benchs judgement was delivered.
August 3: The board of directors of Indias largest milk federation, the Gujarat Cooperative Milk Marketing Federation
(GCMMF), has unanimously elected Jethabhai Patel, a cooperative leader from North Gujarat as the new Chairman.
GCMMF sells milk products under the Amul brand.
August 3: The Modi Government will give a decisive push to make the Ganga-Hooghly waterway navigable for freight
movement by tying up for a World Bank loan that could be as much as $1 billion.
August 4: Prime Minister Narendra Modi met Nepal's Prime Minister Sushil Koirala and the three agreements signed
between the two sides. This includes the 6.90 crore Nepali Rupees agreement to overcome the deficiency of iodine and to
supply iodized salt to Nepal.
August 4: Inspired by Gujarat government, the Centre has urged all the states to provide 33 per cent reservation for women
in their police forces to effectively deal with cases of sexual violence and crime against women
August 4: The Union Defence Ministry allowed armed forces to do business related to essential requirements with the Rolls
Royce.
August 4: Union Ministry of HRD has set up Hari Gautam Committee to review the status of UGC.
August 4: 100 years of the outbreak of First World War (WW-1) was observed across the globe on 4 August 2014.
August 5: Shri Jogen Chowdhary to be the first artist in-residence in Rashtrapati Bhavan.
August 6: According to the Andhra Pradesh Reorganisation Act, 2014, the Government of India has to establish the National
Institute of Disaster Management (NIDM) in the Successor State of Andhra Pradesh within a period of 10 years.
August 7: Union Minister for the Ministry of Tribal Affairs, Shri Jual Oram said that the Union Government in the current
financial year 2014-15, has introduced Van Bandhu Kalyan Yojna (VKY) as Central Sector Scheme with an allocation of Rs.
100 crore with special focus on the qualitative and sustainable employment for tribal families; bridging infrastructure gaps
with focus on quality; improving the quality of education and health and improving the quality of life in tribal areas.
August 7: India and Bhutan agree to strengthen the strategic cooperation in the field of Agriculture & allied sectors between
the two countries.
August 8: The Tamil Nadu Government has introduced the Tamil Nadu Entry into Public Places (Removal of restriction of
dress) Act, 2014, seeking to remove the ban on wearing dhoti and other traditional Indian attire imposed by recreational clubs
and others. The Bill provides for cancellation of licence and punishment of one year imprisonment for any violation of the
legislation.
August 9: The Union Home Minister Shri Rajnath Singh launched the Web application of Delhi Police for issuing Police
Clearance Certificate (PCC) to the people of Delhi who require the PCC for emigration, employment etc.
August 9: Tamil Nadu Chief Minister J Jayalalithaa has announced a series of integrated drinking water schemes and also
proposed a Tamil Nadu Innovative Initiative to promote innovation in the State.
August 10: 12th India-ASEAN meeting was held in Naypyitaw (Myanmar).
August 10: The second and final report of justice MB Shah Commission of inquiry into illegal mining in Orissa has strongly
recommended the Centre to order a CBI probe against 14 mining leaseholders including Aditya Birla-owned Essel Mining
because of the involvement of state and Central government officials in the matter.
August 10: The Ministry of Rural Development launched its flagship Shyama Prasad Mukherji Rurban Mission, which is
aimed at providing urban amenities in rural areas.
August 13: Prime Minister, Narendra Modi, laid the foundation stone for Leh-Kargil-Srinagar transmission system. He also
dedicated the 45 MW Nimoo Bazgo Hydroelectric Project to the nation.
August 13: India successfully conducted trials of its indigenously developed surface-to-air Akash missile, which has a
strike range of 25 kms, as part of a user trial by the Air Force from the Integrated Test Range at Chandipur.
August 16: The Lok Sabha passed the National Judicial Appointments Commission Bill and Constitution (121st
Amendment) Bill meant to replace the collegium system with a commission, where the executive too would have a say in
selection of judges to the higher judiciary.
August 17: The Prime Minister Shri Narendra Modi laid the foundation of a Port- Based Multi-product Special Economic
Zone (SEZ) at the prestigious Jawaharlal Nehru Port Trust (JNPT) at Sheva, Navi Mumbai.
August 17: The Honble Prime Minister of India, Shri Narendra Modi, commissioned INS Kolkata into the Indian Navy.
August 17: Andhra Pradesh Government decided to make Vijayawada its ad hoc capital. Vijayawada will be an ad hoc
capital until the needed infrastructure and other projects for the new capital are completed.
August 17: India ranked fifth amongst top ten wind power producers in the world by adding 1,700 MW capacity in 2013, a
report said. China was the leading wind power producer by adding 16,100 MW capacity in 2013, followed by USA,
Germany and Spain, Renewables 2014 Global Status Report said.
August 18: In a function at Solapur, the Prime Minister dedicated to the nation 765 kV Solapur - Raichur transmission lines,
and four laning of Pune - Solapur section of NH-9.
August 19: Assuring financial independence to the poorest of the poor, Prime Minister Narendra Modi launched the
Pradhan Mantri Jan Dhan Yojana to provide bank accounts along with a debit card and an insurance cover of Rs 1 lakh to
all.
August 20: The CBI arrested Rakesh Kumar, CEO of Central Board of Film Certification (CBFC), three days after it arrested
two persons associated with the board and seized from them Rs 70,000 which was to be paid to Kumar allegedly as a bribe to
clear a regional movie.
August 20: A sessions court in Manipur ordered the immediate release of civil rights activist Irom Sharmila, who has been
on an indefinite hunger strike demanding repeal of the Armed Forces Special Powers Act for the past 13 years.
August 21- Prime Minister Shri Narendra Modi, dedicated the 1000MW ( 2X500 MW) stage I of Mouda Super Thermal
Power Project to the nation in Mouda in Nagpur district of Maharashtra.
August 21: A Hindu temple, claimed to be the worlds first eco-temple featuring solar panels and a rainwater harvesting
system, has been opened in northwest London in the UK. The ornate 20 million pounds Shree Swaminarayan Mandir temple
in Kingsbury combines traditional Indian architecture and carvings with green technology.
August 21: The year 2015-2016 will be observed as water conservation year. A public movement will launched throughout
the country for this purpose and at least one official of the Union Water Resources Ministry will be present in every district
of the country during this period.
August 22: The Minister for Information and Broadcasting, Shri Prakash Javadekar inaugurated the 13th International ABU
Asia-Pacific Robot Contest (ABU-ROBOCON) on 24th August, 2014. ABU-ROBOCON 2014 is being organized by
Doordarshan at the Badminton Hall, Balewadi Sports Complex, Pune from 22-26th August, 2014.
August 23: Minister for Information and Broadcasting Prakash Javadekar opened the first edition of northeast film festival in
the capital and said the government is committed to mainstream new initiatives in the region.
August 24: The first indigenously built stealth anti-submarine warfare corvette INS Kamorta was commissioned by
Defence Minister Arun Jaitley at the Naval dockyard, Vishakapatnam.
August 26: With the aim to bolster ties between the Indian Air Force and Russian Federation Air Force (RFAF), Ex Avia
Indra-2014 commenced at Astrakhan region, near the Caspian Sea in Russia. The Exercise will go on till 05 September
2014.
August 26: Ministry of Textiles announced that Ministry through DC (Handlooms) has signed a Memorandum of
Understanding (MoU) with Flipkart India Pvt. Ltd. to provide online marketing platform to handloom weavers to boost the
handloom sector, empower the weavers and boost manufacturing in the country.
August 26: India and Vietnam agreed to deepen cooperation in defence and oil sectors among others as External Affairs
Minister Sushma Swaraj reviewed the entire gamut of bilateral ties with the strategically-important country.
August 27: The Union Minister for Tourism Shri Shripad Naik launched the Comprehensive Sustainable Tourism Criteria
for India (STCI) for Accommodation, Tour Operators and Beaches, Backwaters, Lakes & Rivers Sectors.
August 28: Prime Minister has approved the constitution of a Committee to carry out a review to identify obsolete laws. The
Committee will be chaired by Shri R. Ramanujam, Secretary PMO. Shri V.K. Bhasin, former Secretary, Legislative
Department, will be its other member.
August 28: The Union Minister of Communications & Information Technology and Law & Justice, Shri Ravi Shankar
Prasad chaired a conference of IT Ministers and IT Secretaries of States / UTs to discuss the Digital India programme.
August 29: The Union Ministry of Road Transport & Highways has signed Memorandum of Understanding for two more
pilot projects for Cashless Treatment Road Accident Victims one on Vadodara-Mumbai stretch of NH-8 and the other on
Ranchi-Rargaon-Mahulia (Jamshedpur) stretch of NH-33.
August 30: A Credit Agreement for World Bank (IDA) assistance of US$ 107 million for Second Mizoram State Roads
Project (MSRP II) has been signed between the Government of India and the World Bank.
August 30: Beginning September 1, 2014 the doors of 20 Central Government Health Scheme (CGHS) wellness centres in
Delhi will be thrown open to senior citizens from among the public for free consultation. Dr Harsh Vardhan, Union Health
Minister, unveiled a pilot project with wide ramifications for the future of public health care.
August 12: As per the original provisions under the Special Economic Zones (SEZs) Act, 2005 and Rules, 2006, exemption
from Minimum Alternate Tax (MAT) in the case of SEZ Developers and Units as also the exemption from Dividend
Distribution Tax (DDT) for SEZ Developers were granted.
August 16: Reserve Bank will issue Rs 1,000 new bank notes under the Mahatma Gandhi Series-2005 with the rupee mark
'R' in inset.
August 16: Rapid financial inclusion envisaged by the Government under the Jan Dhan Yojana will lead to a decline in the
usage of cash in India in line with developed countries, according to State Bank of India Chairman Arundhati Bhattacharya.
August 19: India and Singapore decided to scale up ties in key areas of investment and trade which has witnessed a huge
surge from $4.2 billion to about $19.4 billion in the last one decade.
August 20: Days after Prime Minister Narendra Modis call to corporate houses to join the cause of rural sanitation, software
major Tata Consultancy Services (TCS) and Bharti Foundation, the development arm of Bharti Enterprises, announced that
they will both earmark Rs. 100 crore each to be spent on building toilets in rural India.
August 22: The Ministry of Environment and Forests has given environment clearance to Cairn India to raise crude oil
production from its prolific Rajasthan block by 50 per cent to 300,000 barrels per day.
August 22: Falling prices of crude oil, thermal coal and liquefied natural gas (LNG) are huge positive for India as energy
imports account for 36 per cent of its total imports last fiscal, research firm Crisil Research said.
August 22: Construction major Larsen & Toubro (L&T) said it has bagged new orders worth Rs 1,283 crore in water
infrastructure and renewable energy sectors in the country in July and August. The orders were bagged by Water and
Renewable Energy business segment of L&T Construction.
August 23: In order to comply with the insurance regulators norm on dematerialisation digitisation of life insurance
policies, Life Insurance Corporation (LIC) tied up with all five insurance repositories.
August 26: The government will spend Rs 20,000 crore to provide mobile connectivity in 55,000 villages, which are still
untouched by wireless telephony, in the next five years, Telecom Secretary Rakesh Garg said.
August 27: Tata Value Homes has partnered with e-commerce major Snapdeal to sell houses through the online marketplace
model. Home buyers can now register with the e-commerce portal and look for options from 1,000 apartments spread across
seven cities Mumbai, Talegaon, Pune, Ahmedabad, Bangalore, Chennai and Kolkata for a booking amount of Rs
30,000.
August 28: Rating agency Moodys expects the GDP to grow at 5.1 per cent in the first quarter (April-June) of current fiscal,
better than 4.7 per cent clocked a year ago.
August 29: The Economic Offences Wing (EOW) of the Mumbai Police filed 10 first information reports (FIRs) against
several officials of state-run banks and individuals for an alleged fixed deposit fraud of more than Rs 1,000 crore.
August 29: The retirement fund body also has also fixed the minimum monthly pension for EPFO schemes at Rs. 1,000. This
move will immediately benefit 28 lakh pensioners who get less than this amount at present. Mr Jaitley in the Budget had
allocated Rs. 250 crore in the current financial year for this purpose.
August 29: Odisha government launched Rs. 3,200 crore economic corridor between Jagdalpur and Rourkela.
August 30: While probing manipulators in the capital markets space, some officials at regulator SEBI have got a specific job
that they do very seriously that is reading media reports to get leads on possible irregularities.
region.
August 20: PriceWaterhouseCoopers will pay $25 million and face a two-year suspension from consulting for new bank
clients under an agreement with New York regulators following an investigation that showed the company improperly altered
a report about Bank of Tokyo Mitsubishi laundering money.
August 21: The first Director General levels talks between Narcotics Control Bureau (NCB), India and Police Narcotics
Bureau (PNB), Sri Lanka was held at New Delhi.
August 23: An Indian-origin student, who scored a perfect five in his main subjects with 100 per cent marks across the
board, is being hailed as the brightest student in Britain. Asanish Kalyanasundaram achieved the highest possible grades in
maths, physics, chemistry, biology and critical thinking as part of the five main subjects required at A Levels in Britain.
August 28: The three-day talks between India and Pakistan here over designs of Kishan Ganga Dam and four other
hydroelectric power projects at the Jhelum and the Chenab rivers respectively has ended inconclusively.
August 29: The US government has designated a Lahore based money exchange firm Asma Money Exchanges and its owner
Muhammad Iqbal as global terrorists for providing financial support to Lashkar-e-Toiba.
August 30: The Ambassador of Israel to India Mr. Daniel Carmon called on the Union Home Minister Shri Rajnath. The two
sides have Agreement on Homeland and Public Security, Agreement on Protection of Classified Materials & Information and
Mutual Legal Assistance Treaty in Criminal Matters in the field of bilateral cooperation.
August 30: Libyas toothless interim government, led by prime minister Abdullah al-Thani, announced it had tendered its
resignation to the elected parliament, days after a rival Islamist administration was created. The interim government,
operating in the east of the country to avoid the Islamist militias which have a strong presence in Tripoli.
August 19: Former captain Mahela Jaya wardene was given a fairytale sendoff in his last test match as Sri
Lanka eased to a 105-run victory that completed a 2 -0 series sweep over Pakistan.
August 26: Mr. Recep Ta yyip Erdogan, the Prime Minister of Republic of Turkey , now has been elected
as the President of the Republic of Turkey.
August 26: French Prime Minister Manuel Valls present ed his governments resignation.
August 26: Thailand's army chief Gen Prayuth Chan -ocha, who seized power in a military coup three
months ago, became the country's prime minister, the first serving army officer to assume the top office
in 22 years.
August 27: UPA appointed Governor Sheila Dikshit resigned.
August 27: Modern -era Don Shah Rukh Khan has become the first Indian actor to be roped in as
Ambassador of Interpols initiative Turn Back Crime campaign, aimed at promoting greater awareness
on how to prevent crime. The Turn Back Crime campaign is aimed at raising public awareness that
organised crime is often involved in seemingly unrelated crimes.
August 23: Seven books of stories, six of poetry, one of novel, one of essays and eight writers for their total contribution to
children literature have won the Bal Sahitya Puraskar this year.
August 27: Shri Ram Vilas Paswan, Minister for Consumer Affairs, Food and Public Distribution has announced the annual
awards and commendation certificates for the nineteenth prestigious Rajiv Gandhi National Quality Awards for the year
2012. The Best of All Award has been won by Rail Wheel factory (Ministry of Railways), Bangalore.
August 23: Jnanpith award winning litterateur UR Ananthamurthy has passed away in a Bangalore hospital. He was 81.
August 26: Acclaimed actor and Oscar-winning director Richard Attenborough, whose film career on both sides of the
camera spanned 60 years, has died. He was 90.
August 28: Famed violinist Kumar Dinesh passed away. Ailing for the last one month, the 86-year-old violinist from the
Chhotanagpur Raj Gharana passed away at a hospital in Delhi.
the Taiyuan Satellite Launch Center in north Chinas Shanxi Province, which could clearly show small objects with clarity in
colour.
August 23: The government has set up a four-member panel of secretaries from different ministries to work out a new gas
pricing mechanism.
August 24: An Indian, who has invented a machine that can be used to make cheap sanitary pads, hopes that the device
would be available in 70 developing countries by next year.
August 25: The President of India, Shri Pranab Mukherjee inaugurated the first Indian Institute of Engineering Science and
Technology (IIEST) of the country at Shibpur, Howrah, West Bengal.
August 26: Air Marshal HB Rajaram, Air Officer-in-charge Administration, Air HQs flagged in the all women cycle
expedition team on their successful completion of the mission Kshitij-Se-Pare.
August 27: The government has planned 20 new advanced cancer treatment facilities across the country (one in each state)
over the next few years to meet the rising burden of the disease. For Madhya Pradesh, the Centre has planned a new State
Cancer Institute (SCI), along with two Tertiary Care Cancer Centres (TCCC).
August 30: Notwithstanding a better gender balance in the southern part of the country, child marriage has been found to be
on the rise in Kerala in recent years, according to UNICEF.
BANCASSURANCE: It is the term used to describe the partnership or relationship between a bank and an insurance
company whereby the insurance company uses the bank sales channel in order to sell insurance products.
MARGINAL STANDING FACILITY: Under this scheme, banks will be able to borrow upto 1% of their respective net
demand and time liabilities. The rate of interest on the amount accessed from this facility will be 100 basis points (i.e. 1%)
above the repo rate. This scheme is likely to reduce volatility in the overnight rates and improve monetary transmission.
FINANCIAL INCLUSION: financial inclusion or inclusive financing is the delivery of financial services at affordable costs
to sections of disadvantaged and low-income segments of society, in contrast tofinancial exclusion where those services are
not available or affordable.
STATUTORY LIQUIDITY RATIO (SLR): Statutory liquidity ratio is the liquid assets commercial banks maintain with
the RBI in the form of cash (book value), gold (current market value) and balances in unencumbered approved securities. The
maximum limit of SLR is 40% and minimum limit of SLR is 23% In India. RBI can change SLR from time to time. Both
CRR and SLR reduce or increase the capacity to expand credit to business and industry. Thus both of these are antiinflationary.
PRIORITY SECTOR LENDING: Priority sector refers to those sectors of the economy which may not get timely and
adequate credit in the absence of this special dispensation. Typically, these are small value loans to farmers for agriculture
and allied activities, micro and small enterprises, poor people for housing, students for education and other low income
groups and weaker sections.
ABBREVIATIONS THIS MONTH
REER: Real Effective Exchange Rate
NEER: Nominal Effective Exchange Rate
LIBOR: London Inter Bank Offer Rate
MIBOR: Mumbai Inter Bank Offer Rate
EFT: Electronic Fund Transfer
NEFT: National Electronic Funds Transfer
RTGS: Real Time Gross Settlement
ATM: Automated Teller Machine
CBS: Core Banking Solution
NEFT: National Electronic Fund Transfer
Nation
Gold
Silver
Bronze Total
England
58
59
57
174
Australia
49
42
46
137
Canada
32
16
34
82
Scotland
19
15
19
53
India
15
30
19
64
The 21st Commonwealth Games will be held in Gold Coast in Australia in 2018.
Ramon Magsaysay Award 2014
The list of Awardees for the prestigious Ramon Magsaysay Awards for year 2014 has been announced.
THE AWARDEES ARE:
1.
Hu Shuli: An investigative journalist from China whose work was instrumental in the dismissal of corrupt officials. She is
the founder and former editor of Caijing a business magazine widely-known for its groundbreaking investigative reporting
that has made a significant impact on China.
2.
Saur Marlina Manurung: The Award recognizes her outstanding efforts to protect and improve the lives of Indonesias
forest people, and her kinetic leadership of volunteers in SOKOLAs customized educationprogram.
3.
Omara Khan Masoudi: The award has been conferred upon him in recognition of his courage, labor, and leadership in
preserving Afghan cultural heritage. At great risk to his life, the deputy director of the National Museum of Afghanistan in
Kabul led his colleagues in moving some of the museums most precious objects to safety during the Talibans attack on his
countrys cultural treasures in the 1990s.
4.
The Citizens Foundation from Pakistan: It is an NGO in Pakistan founded by six business leaders. It built 1,000 schools
over hundreds of cities and towns in the country which is home to the worlds second highest number of children who are out
of school.
5.
Wang Canfa: He is a Chinese Professor who founded the Center forLegal Assistance to Pollution Victims, which has
provided free legal services to thousands of people and imparted environmental law training to lawyers and others.
6.
Randy Halasan: The award is in recognition of his extraordinary leadership and service to the indigenous Matigsalug tribe.
He made huge efforts in teaching the children of the Matigsalug tribe in one of the remotest mountain villages in Mindanao,
Philippines.
RAMON MAGSAYSAY AWARD:
The Ramon Magsaysay Award is Asias highest honor and is also regarded as the regions equivalent of the Nobel Prize. It
commemorates the leadership example of the third Philippine president after whom the award is named. The award is
conferred every year to individuals or organizations in Asia who manifest the same altruistic and philanthropic service that
dominated the life of the late and highly respected Filipino leader.
Unveiling the scheme within 100 days of forming the new government, Modi said, it will cover 7.5 crore people by
January 26, 2015.
FIVE IMPORTANT FEATURES OF THE PM JAN DHAN YOJNA:
Under the scheme, account holders will be provided zero-balance bank account with RuPay debit card, in addition to
accidental insurance cover of Rs. 1 lakh.
Those who open accounts by January 26, 2015 over and above the Rs1 lakh accident, they will be given life insurance cover
of Rs 30,000.
Six months of opening of the bank account, holders can avail Rs 5,000 loan from the bank.
With the introduction of new technology introduced by National Payments Corporation of India (NPCI), a person can transfer
funds, check balance through a normal phone which was earlier limited only to smart phones so far.
Mobile banking for the poor would be available through National Unified USSD Platform (NUUP) for which all banks and
mobile companies have come together.
EBOLA VIRUS DISEASE (EVD)
Ebola virus disease (EVD), formerly known as Ebola haemorrhagic fever, is a severe, often fatal illness in humans. Four
West African countries Liberia, Sierra Leone, Nigeria and Guinea are struggling with the worst Ebola outbreak in history,
one that has begun to spread to other nations.
KEY FACTS
EVD outbreaks have a case fatality rate of up to 90%.
EVD outbreaks occur primarily in remote villages in Central and West Africa, near tropical rainforests.
The virus is transmitted to people from wild animals and spreads in the human population through human-to-human
transmission.
Fruit bats of the Pteropodidae family are considered to be the natural host of the Ebola virus.
Severely ill patients require intensive supportive care. No licensed specific treatment or vaccine is available for use in people
or animals.