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About Poliy Rates
1. Basis points: It is the increase in interest rates in percentage terms. For instance, if the interest rate increases by 50
basis points (bsp), then it means that interest rate has been increase by 50%. One percentage point is broken
down into 100 basis points. Therefore, an increase from 2% to 3% is an increase of one percentage point or 100 basis
2. CRR: Cash reserve Ratio (CRR) is the amount of funds that the banks have to keep with RBI. If RBI decides to
increase the percent of this, the available amount with the banks comes down. RBI is using this method (increase of
CRR rate), to drain out the excessive money from the banks. The current rate is 4%, which means for a cash deposit
of Rs. 100, the bank has to park 4 rupee with the central bank.
3. Repo rate: Repo rate is the policy rate and is part of RBIs Liquidity Adjustment Facility (LAF). It is the rate at
which commercial banks borrow from the RBI by selling their securities or financial assets to the RBI for a
shortperiod of time. It comes with an agreement that the sold securities will be repurchased by the commercial
banks from the RBI at a future date at predetermined price. The repo rate is used by the central bank to increase
liquidity in the system.
4. Reverse repo rate: Reverse Repo Rate is also a part of LAF. It is the rate of interest at which the central bank
funds from other banks for a short duration. The banks deposit their short term excess funds with the central bank
and earn interest on it. This rate is used by the central bank to absorb liquidity from the economy. Generally it is one
percentage less than the Repo rate.
5. Bank rate: The only way the bank rate is different from the repo rate is that the bank rate is the rate at which
banks borrow money from the central bank without any sale of securities. It is generally for a longer period of time

6. Marginal Standing Facility: The Reserve Bank of India in its monetary policy for 201112 introduced the marginal
standing facility under which banks could borrow funds from RBI when there is a considerable shortfall of liquidity.
This measure has been introduced by RBI to regulate shortterm asset liability mismatches more effectively. Under
this facility, banks can borrow up to 1% of their net demand.

7. Liquidity Adjustment Facility: Under this facility, banks borrow from the central bank by pledging government EduGaps /Page No.[2]

8. Statutory Liquidity Ratio: This is the percentage of deposits that banks must mandatorily hold in the form of
government bonds. SLR bonds are liquid assets that can be sold at a short notice to meet any unexpected demand
from depositors.

News related to RBI:

1. RBI, has decided that Indian companies will not be permitted to raise External Commercial Borrowings from overseas
branches or subsidiaries of Indian banks for refinance or repayment of the Rupee loans raised from domestic banking
2. Raghuram Rajan, the Governor of the Reserve Bank of India (RBI) announced that plastic currency notes will be
launched in 2015 after field trials.
3. RBI panel headed by ex.Chairman of Axis Bank, P. J. Nayak recommend for diluting govt stake in public sector
banks to below 50 %. The government should cut its holding in public sector banks to under 50 per cent, a Reserve
Bank of India (RBI) panel report on Tuesday said, criticising the way in which the lenders are now being governed.
4. Reserve Bank of India granted banking licences to infrastructure financing firm IDFC and microfinance institution
Bandhan from among 25 applicants that included corporate heavyweights ADAG Group, Aditya Birla Group and Bajaj
Note: The inprinciple approval granted (to the two entities) will be valid for a period of 18 months during which the
applicants have to comply with the requirements under the guidelines and fulfil the other conditions as may be
stipulated by the RBI. Chandra Shekhar Ghosh: CMD of Bandhan financial services Dr. Rajiv B. Lall: Chairman of
IDFC Infrastructure Finance Company.
5. Reserve Bank of India (RBI) issued the guidelines to allow the minors of age above 10 years to independently open and
operate savings bank accounts and use other facilities like ATM and cheque books.
6. RBI extended the timeline for full implementation of Basel III norms 31 March 2019 instead of 31 March 2018.
7. RBI in consultation with Union Government on 1 April 2014 capped the Ways and Means Advances (WMA) limits for
the first half of the new financial year 201415 (April 2014Sep 2014) at 35000 crore rupees.

Note: The interest rate on WMA/overdraft will be based on: a) WMA: Repo Rate. b) Overdraft: Two percent
above the Repo Rate
8. RBI extends date of exchanging pre2005 notes to Jan 1, 2015
Note: The Reserve Bank has further clarified that the public can continue to freely use these notes for any EduGaps /Page No.[3]
transaction. RBI has said that people can unhesitatingly receive these notes in payment, as all such notes continue to
remain legal tender.
9. Reserve Bank of India (RBI) hiked the trade related remittance limit from 2 lakh rupees to 5 lakh rupees per
transaction with immediate effect. It also increased the number of transaction handled by exchange houses.
10.KC Chakrabarty, Deputy Governor, Reserve Bank of India, has quit three months ahead of completion of his term.
11.RBI pegged 201415 GDP growth at a central estimate of 5.5 percent.
12.Economic growth for 201415 expected at 5.5 pc.
13. CAD expected to come down to 2 pc of GDP in 201415.
14. Retail inflation expected to be under 6 pc in 2014.
15. RBI panel headed by RBI Deputy Governor Anand Sinha has recommended bringing a benchmark floating interest
especially for home loans. Panel also suggested Indian Banks Base Rate (IBBR).
16.The deadline for switching to new format bank cheques under the Cheque Truncation System (CTS) ended on 30 April
17.RBI scraps 26% cap on interest rate for MFIs: (RBI) removed 26 per cent cap on the interest rate that can be
charged by a microfinance company to its borrowers. MFI is allowed to charge interest rate equal to 2.75 times the
average of the base rates of the top five commercial banks.
18.RBI permits 4 non-bank entities to set up white label ATMs: The Reserve Bank has issued certificate of
authorisation to four nonbank entities:
(1) Tata Communications Payment Solutions
(2) Muthoot Finance,
(3) Prizm Payment Services and
(4) Vakrangee Ltd. , to set up White Label ATMs (WLAs) in the country.
Note: Most of the ATMs belong to banks, but the cash dispensing machines which are owned and operated by nonbanking
companies are called White Label ATMs.
19.RBI permits Srei to roll out white label ATMs: Srei Infrastructure Finance is planning to start rollout of its while
label ATMs (WLAs) between July and September starting with a pilot of 200 TierIII towns in Uttar Pradesh and
20.The expert committee headed by Urjit R. Patel, Deputy Governor of the Reserve Bank of India examine the current
monetary policy framework of the Reserve Bank of India (RBI) has suggested that the apex bank should adopt the
new CPI (consumer price index) as the measure of the nominal anchor for policy communication. The nominal anchor or
the target for inflation should be set at 4 per cent with a band of +/ 2 per cent around it.
21.Ex-Chairman of Axis Bank, P. J. Nayak is the head of the expert panel to review bank boards governance. The
panel will review the RBI's regulatory guidelines on ownership of banks and representation in their boards, among EduGaps /Page No.[4]

other things.
22.The Reserve Bank of India has raised the Foreign Institutional Investors, FIIs investment limit in the Power Grid
Corporation to 30 per cent of its paid up capital, under the Portfolio Investment Scheme.
23.The Reserve Bank of India (RBI) has doubled the sublimit for foreign investment in government securities, to USD
10 billion by longterm investors. RBI's move is aimed to attract more foreign funds. Investors like sovereign wealth
funds (SWFs), multilateral agencies, insurance funds, pension funds and foreign central banks are considered as long
term investors.
24. RBI relaxes gold loan norms: The Reserve Bank of India has allowed NonBanking Financial Companies, NBFCs to
lend up to 75 per cent of the value of gold. It was 60 per cent earlier.
25. RBI panel (headed by banker Nachiket Mor) has suggested setting up of specialised banks to cater to low income
households to ensure that all citizens have bank accounts by 2016.
26.The RBI appointed committee on financial inclusion has recommended that the central bank should set up specialised
banks called Payments Bank to provide payment services and deposit products to small businesses and lowincome
households. The committee, headed by Nachiket Mor, said that since the new bank will be dealing with poor
customers, such a bank must be allowed to accept a maximum deposit of not more than Rs 50,000.
27.The Reserve Bank of India (RBI) had set up a panel under executive director Deepak Mohanty to review the current
system of data collection, dissemination and data management processes in the central bank and improve the
existing mechanism.
28.RBI tightens norms for credit card holders: RBI advised banks to treat a credit card account as a nonperforming
asset if the customer fails to pay the minimum due amount within a stipulated 90day period.

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

Fiscal deficit for current fiscal to be 4.6%
Revenue deficit estimated at 3% for current fiscal
Excise duty on SUVs cut from 30 to 24%, in large and midsegment cars from 2724% to 2420%
No changes in tax laws in interim budget
Excise duty cut from 12 to 10 per cent in capital goods sector to stimulate growth
Excise duty on mobile handset to be 6% on CENVAT credit to encourage domestic production
Rs 500crore estimated requirement for implementing onerankonepay scheme for armed forces in 201415
Rs 6000crore to rural housing fund, Rs 2000 crore for urban housing fund
Rs 3711 crore for minority affairs; housing and urban poverty alleviation gets Rs 6000 crore
Fiscal deficit target of 3% to be achieved by 2017
CAD will be $45 billion in 201314 EduGaps /Page No.[5]
Foreign exchange reserves up by $15 billion
Foodgrain production estimated at 263 million tons in 201314
3 more industrial corridors ChennaiBangalore, BangaloreMumbai, AmritsarKolkata under various stages of
GDP growth rate in Q3 and Q4 of 201314 will be at least 5.2%

FDI Limits
Sr no. List of Limits in Various Sectors (In %)
1. Defence 26
2. Pension 49
3. Insurance 49
4. Print Media 26
5. Civil Aviation 49
6. Public Sec.Banks 20
7. Private Sec.Banks 74
8. Multi Brand 51
9. Single Brand 100
10. Tourism 100

India GDP Forecast:
RBI pegged 201415 GDP growth at a central estimate of 5.5 %
WorldBank lowers Indias GDP growth forecast for 201415 at 5.7 %
ADB pegs India GDP growth rate for 201415 at 5.5%
IMF projectedGDP growth for India in 201415 at5.4%
India ranking in different Indexes for 2013 14:
1. Global Environment PerformanceIndex 2014 155
2. Intellectual property (IP) environment 2014 25 (US ranked on the top followed by UK and France)
3. World Press Freedom Index 2014 140 in the list of 180 countries.
4. Nuclear material security index 2014 23
out of 25 countries
5. World's best countries for doing business 2014 98
(Irelandtopped the list).
6. Social Progress Index 2014: 102 out of 132
7. Global Hunger Index 2013 63
8. World Prosperity Index 2013 106. Norway tops the list.
9. Global Gender Gap Report 2013 101. Iceland tops the list.
10. Global Peace Index 2013 141
11. Human Development Report 2013 136
12. Global Corruption Index 2013 94
13. Global Competitiveness Index 2013 60 for 2013 (Switzerland top in this report)
14. Gender Inequality Index 2013 132nd (UN Human Development (Index) Report) EduGaps /Page No.[6]

Some Important Economic Terms:
1. Bond: A certificate of debt (usually interestbearing or discounted) that is issued by a government or corporation in
Order to raise money; the bond issuer is required to pay a fixed sum annually until maturity and then a fixed
sum to repay the principal.
2. Balance sheet: Record of the financial situation of an institution on a particular date by listing its assets and the claims
against those assets.
3. Balance of trade The part of a nation's balance of payments that deals with merchandise (or visible) imports or
4. Closed economy: A closed economy is one in which there are no foreign trade transactions or any other form of economic
contacts with the rest of the world.
5. Deflation: Deflation is the continuous decrease in prices of goods and services. Deflation occurs when the inflation rate
becomes negative (below zero) and stays there for a longer period.
6. Debenture: Debenture is a loan issued by a firm, involving g a fixed repayment schedule, in terms of both time and
7. Debit: Money paid out from an account either from a withdrawal or a transaction that result in decreasing the cash
8. Equity: Equity is a one financial instrument by which company invite the public to invest their money in the company and
investor can become a partner of the company. Generally, when the company have insufficient money to expand its
business it comes with equity shares.
9. Economic growth An increase in the total output of a nation over time. Economic growth is usually measured as the
annual rate of increase in a nation's real GDP
10.Excise Tax Taxes imposed on specific goods and services, such as cigarettes and gasoline.
11.Exports Goods or services produced in one nation but sold to buyers in another nation.
12.Fiscal policy: Fiscal policy defines the use of government spending and revenue collection to influence the economy.
13.Foreign Direct Investment (FDI): Investment of foreign assets directly into a domestic company's structures,
equipment, and organizations. It does not include foreign investment into the stock markets
14.Foreign Exchange (FOREX): Foreign Exchange (FOREX) is the arena where a nation's currency is exchanged for
that of another.
15. GDP: GDP stands for Gross Domestic Product. It is a method of measuring the size of economy of a country. We can
define as the total market value of all the goods and services produced in a given period of time in a country.
16.GNP: The total value in money of all finished good and services produced in an economy in one full year, and all net
property income from abroad. The GNP growth rate is an important economic indicator for countrys economic
17. Imports: commodities (goods or services) bought from a foreign country. EduGaps /Page No.[7]
18. Inflation: Inflation is as an increase in the price of bunch of Goods and services that projects the Indian economy.
An increase in inflation figures occurs when there is more demand and less supply of the goods.
19. Mutual Fund: There are accumulation and collection of many different types of shares. It is when investors
together want to buy securities as a group, this fund can be called a mutual fund. Each and every investor of this
group has a proportional stake in the shares based on the amount he has contributed.
20. Monetary policy: It is the process by which the central bank, or monetary authority of a country controls (i) the
supply of money, (ii) availability of money, and (iii) cost of money or rate of interest.
21. National income The amount of aggregate income earned by suppliers of resources employed to produce GNP; net
national product plus government subsidies minus indirect business taxes.
22. Per Capita Income: The total national income divided by the number of people in the nation, It means the share of
each individual when the income from the productive activities is divided equally among the citizens.
23. Sales tax Taxes paid on the goods and services people buy.
24. Stock A certificate reflecting ownership of a corporation.
25. Tax: A fee charged by a government on a product, income, or activity. If tax is levied directly on personal or
corporate income, then it is a direct tax. If tax is levied on the price of a good or service, then it is called an
indirect tax.
26. VAT: VAT is the indirect tax on the consumption of the goods, paid by its original producers upon the change in
goods or upon the transfer of the goods to its ultimate consumers. It is based on the value of the goods, added by
the transferor. It is the tax in relation to the difference of the value added by the transferor and not just a profit.
All over the world, VAT is payable on the goods and services as they form a part of national GDP.
27. Wholesale Price Index (WPI): The Wholesale Price Index (WPI) takes into account the wholesale prices of
identified commodities for calculating rate of inflation.

Important Committees in News:

1. PJ Nayak: to review Governance of Boards of Banks in India. The committee was constituted under the
chairmanship of P. J. Nayak. He is a former Chairman and CEO of Axis Bank.
2. M P Bezbaruah: to suggest suitable remedial measures to address concerns regarding security of people from North
3. B. Sambamurthy: panel favours single mobile banking app on all SIMs. Panel recommended that customers should not
be required to visit the bank branch for mobile number registration.
4. BCCI suggests threeman committee to SC to probe IPL scandal. Ravi Shastri, former Calcutta High Court Chief
Justice J N Patel and exCBI Director R K Raghavan as members of the probe committee.
5. Vijay Kelkar Committee was appointed by the Petroleum and Natural Gas Ministry to prepare a road map to make EduGaps /Page No.[8]
India self sufficient in oil and natural gas by 2030.
6. Vishnu Sahay committee: look probe into the Muzaffarnagar communal violence.
7. Urjit Patel Committee to examine the current monetary policy framework
8. Mukul Mudgal member panel to probe IPL spotfixing
9. Nachiket Mor committee on comprehensive financial services for small businesses and lowincome households.
10. Justice A.P. Shah committee : to head panel on road safety
11. Anil Kaushal committee: to examine the recommendations made by the TRAI on pricing of Spectrum.
12. Bimal Jalan panel : to scrutinize applications for new bank licenses.
13. Parthasarathi Shome. for Tax Administration Reform Commission (TARC), Suggest a system to enforce better tax
14. Kirit Parikh panel : on fuel pricing has suggested that the diesel prices should be increased by Rs 11.50 a litre every
month as against the 4550 paise monthly hike followed currently.
15. K U.B. Rao : the idea of setting up Bullion Bank or Bullion Corporation of India
16. C Rangarajan Panel recommended the pricing of natural gas by a complex methodology of arriving at an average of
International gas hub prices.
17. Arvind Mayaram Panel: report on the alleged irregularities at the National Spot Exchange Ltd (NSEL)
18. Arvind Mayaram Committee for giving clear definitions to Foreign Direct Investment (FDI) and Foreign
Institutional Investment (FII)
19. Suma Verma Committee to update, and revise the Banking Ombudsman Scheme, 2006
20. Damodran Committee: on improvement of customer services in banks
21. Shri M. Narasimham Committee: on Banking Sector Reforms
22. Shri Raghuram Rajan Committee: on Financial Sector Reforms,
23. Shri B. Mahapatra Committee: to review the existing prudential guidelines on restructuring of advances by
banks/financial institutions
24. Shri Aditya Puri Committee: Dissemination of Credit Information
25. Shri K.U.B. Rao Committee: recommended aligning gold import regulations
26. K M Chandrasekhar committee : for rationalization of foreign investment norms
27. Shri Pulak Kumar Sinha Committee: to study the feasibility of Aadhaar as an additional factor for authentication of
card present transactions
28. Mukul Mudgal Committee: looking into US giant Walmart's lobbying activities to enter India
29. MBN Rao Committee: to prepare the blueprint of Indias first womens bank
30. JS Mathur committee : to revise Newspaper Advertisement Rates.
31. K. Ratna Prabha : Committee on indecent depiction of women in media

News Related to Banking & Finance

1. India recently launched its own payment gateway 'RuPay', equivalent of Visa and Mastercard, which will work on EduGaps /Page No.[9]
ATMs and merchant outlets and help in reducing cash transactions.
Note: i. RuPay, which works on three channels ATMs, Point of Sales (POS) and online sales, is the seventh such
payment gateway in the world.
ii. The RuPay platform developed by National Payments Corporation of India (NPCI) is being used by certain
banks like ICICI, State Bank of India, Punjab National Bank, among others, for clearing and settlement.
2. India became third largest economy in 2011 from 10th in 2005: World Bank.
3. Note: India emerged as the worlds thirdlargest economy in 2011 from being the 10th largest in 2005, moving ahead
of Japan, while the US remained the largest economy closely followed by China, latest figures have revealed.
4. Govt accepts Sahoo panel report on review of depository receipts scheme. The key recommendations of the
committee include allowing issuance of depository receipts against any underlying securities equity or debt, by any
issuer listed or unlisted. Note: Depository receipts are receipts denominated in foreign currency created by a
depository in the country of listing. There are two popular types of depository receipts global depository receipts
and American depository receipts.
5. ING Vysya Life Insurance Company Ltd has become Exide Life Insurance Company. The insurance company will
continue to honour its commitments and obligations under the insurance policies issued to customers in the name of
ING Vysya Insurance Company Ltd.
6. Switzerland and Norway are the world's most expensive economies, followed by Bermuda, Australia and Denmark,
according to a new ranking by the World Bank
7. SBI launches 3 Digital banking facilities for its customers
i. Tab Banking for Saving A/C Opening Savings a/c at Customers door step using tablet PC provided to the Banks Sales Staff (who visit
the Customers home).
ii. TAB Banking for Home Loan Inprinciple approval for the home loan at customers door step using tablet PC provided to the Banks
Home Loan Sales Team which will capture on the tablet KYC details and details.
iii. eKYC Generates eKYC (Know Your Customer) identity document.
8. The Bombay Stock Exchange (BSE) launched an Institutional Trading Platform (ITP) to help Small and Medium
Enterprises (SMEs) and startup companies to list on the bourses without an Initial Public Offer (IPO).
9. Basel Committee issued Final standards to curb exposures of banks to customers. The Basel Committee on Banking
Supervision on 15 April 2014 issued Final standards for measuring and controlling large exposures of banks to
customers. These standards will take effect from 1 January 2019
10. Bank of India (BOI) has become the first Indian bank to extend a bridge loan of $200 million to Air India to
finance the
purchase of two Boeing 787 Dreamliner aircraft.
11. India leads global remittances with USD 70 bn in 2013. India's neighbour China follows second with USD 60 billion,
said the World Bank report
12. World Trade Organisation (WTO) projected that the world trade will grow by 4.7 percent in 2014.
13. The World Bank give loan Pakistan 12 billion dollars over the next five years to help lift its economy,
14. Qatar based Doha Bank announced its First branch in Mumbai. The branch in Mumbai will be opened as a fullfledged
bank in May 2014. Note: Bank of Bahrain & Kuwait, Abu Dhabi Bank are the two other banks from Arab countries to EduGaps /Page No.[10]
have operations in India before Doha bank.
15. Bank of India (BOI) launched Instant Money Transfer (IMT) scheme in Mumbai.
Note: IMT scheme allows customers to withdraw cash without using either debt card or credit card at BoI's
IMTenabled ATMs. This is the firstofitskind initiative launched by a public sector bank.
16. Kotak Mahindra launches accounts integrated with Facebook, Twitter.
17. ICICI Prudential Mutual Fund has bagged Morningstar Indias best fund house award in the debt, equity and
multiasset category.
18. ADB pegs India GDP growth rate for 201415 at 5.5 pc
19. Inflation based on Wholesale Price Index (WPI) reached a 3month high of 5.7% in March 2014.
20. Wholesale Inflation falls to 9month low of 4.68 per cent in Feb
21. Kotak Mahindra Bank announced the launch of Jifi, a firstofitskind fully integrated social bank account that
transcends normal digital banking by seamlessly incorporating social networking platforms like Twitter and
Facebook with mainstream banking.
22. ExportImport Bank of India extended a Line of Credit of $89.90 million to the Government of Republic of Congo,
for development of transportation system in the Republic of Congo.
23. Central Bank of India has sold its entire stake in credit information provider CIBIL to Transunion International Inc.
Central Bank had a 5 per cent stake in CIBIL while Transunion is the majority shareholder in CIBIL at 27.5 per cent.
24. Canara Bank names cricketer Shikhar Dhawan as its brand ambassador.
25. Housing Development Finance Corporation (HDFC) Bank set World record for Blood collection in a single day. The
blood donation camp organised by HDFC Bank on 6 December 2013 was recorded in the Guinness Book of Records.
26. The World Bank has said it would provide up to $3 billion in aid for Ukraine in 2014 to help the country deliver
muchneeded economic reforms.
27. Max Life Insurance has tied up with Toyota Financial Services India Ltd to provide insurance cover to car loan
28. Bihar emerges as fastest growing state (15.05 per cent) in 201213: CSO Report.
Note: According to the CSO data, Gujarat ranked 6th with growth rate at 7.96 per cent, behind Bihar and Madhya
Pradesh with 9.89 per cent, Goa 8.47 per cent, Kerala 8.24 per cent and Odisha 8.09 per cent. The allIndia growth
rate in 201213 was 4.47 per cent.
29. Indian Bank has bagged national award for excellence in lending to micro enterprises for 20122013, for the
consecutive second year.
30. Corporation Bank has bagged the awards for lending to MSE (micro and small enterprises) and to micro enterprises
from the Union Ministry of Micro, Small and Medium Enterprises (MSME) for 201213.
31. The Bank of Bahrain and Kuwait, BBK, plans to expand its operations in India by opening its fourth branch in the
country in New Delhi.
32. Interest rate on Post Office FDs increased by up to 0.2 per cent from 8.2 percent to 8.4 percent.
33. Indias 1st post office savings bank ATM inaugurated in Thyagaraya Nagar, Chennai.
34. SEBI approved the new Corporate Governance norms. The new corporate governance norms would become
applicable for all listed companies with effect from 1 October 2014. EduGaps /Page No.[11]

35. Wholesale inflation eased to a sevenmonth low of 5.05 per cent in January, on decline in the rate of price rise in
food articles, mainly vegetables.
36. Retirement fund body EPFO decided to increase the rate of interest on Provident Fund deposits to 8.75 percent
from 8.5 percent.
37. The National Bank for Agriculture and Rural Development has sanctioned Rs 348.63 crore to Karnataka under Rural
Infrastructure Development Fund (RIDF).
38. Asian Development Bank (ADB) has provided $400 million first tranche line of credit to India Infrastructure
Finance Company Ltd (IIFCL) to help accelerate infrastructure growth through increased private sector investment.
39. Asian Development Bank will provide USD 275 million loan for improving rural road connectivity in five states
including Assam, Chhattisgarh, Madhya Pradesh, Odisha and West Bengal in the country.
40. Bharatiya Mahila Bank (BMB) and SBI Cards have joined hands for rollout of credit cards to customers of Indias
first womenfocused commercial bank
41. Bharatiya Mahila Bank (BMB), the first allwomen bank, tied with New India Assurance to launch health insurance
products for women account holders of the bank.
42. The Bank of Japan (BOJ) and RBI concluded an agreement that expands the maximum amount of the bilateral swap
arrangement (BSA) between the two countries to USD 50 billion.
Note: BOJ Governor is Haruhiko Kuroda and RBI Governor Raghuram Rajan
43. National Bank for Agriculture and Rural Development (NABARD) has reduced refinance rate for banks and other
lending agencies by 0.20 per cent to promote rural credit and rural infrastructure.
Note: The revised rate of interest on refinance for a period of five years for commercial, state cooperative,
regional rural and primary urban cooperative banks will be 9.70 per cent, down from 9.90 per cent.
44. SEBI grants new status to three clearing corporations to National Securities Clearing Corporation, Indian
Clearing Corporation and MCXSX Clearing Corporation.
45. IMF projected 5.4 percent economic growth for India in 201415
46. WB (World Bank) projected economic growth rate of 5.7% for India in 201415 fiscal
47. World Bank will provide $250 million loan to construct disaster resilient houses and roads in disasterhit
48. World Bank will provide $500 million loan for water supply and sanitation projects in the rural areas of Assam,
Bihar, Jharkhand and Uttar Pradesh.
49. World Bank will provide 50 million dollar assistance to Afghanistan to support the government's efforts to
improve access to credit for micro, small and medium enterprises.
50. LIC has relaunched its Jeevan Anand plan, a participating nonlinked plan which offers an attractive combination
of protection and savings.
51. Govt launches inflation indexed saving bonds which offer protection to retail investors from price rise. The
minimum limit for investment is Rs 5,000 and the maximum is Rs 5 lakh per applicant per annum. Interest rate would
be linked to Consumer Price Index (CPI).
52. The worlds first Bitcoin storage service that insures deposits of the digital currency against hackers and
accidental loss has opened in London. EduGaps /Page No.[12]
53. Economic growth in India projected at 5.35% in 2014, says UN report
54. UN projected the global economy to grow at a pace of 3 per cent in 2014 and 3.3 per cent in 2015.
55. Indian Overseas Bank launched Connect Card, a new ATM cum Debit card in association with VISA that can be
used for ecommerce across five lakh merchant outlets.
56. The Competition Commission of India (CCI) approved American retail giant Walmart Stores Inc's proposal to acquire
Bharti Group's nearly 50 per cent stake in their Indian wholesale stores joint venture.
57. The National Bank for Agriculture and Rural Development (NABARD) projected a credit potential of Rs 12726.83
crore in the state focus paper (SFP) for the year 201415 in Uttarakhand under the priority sector.

Important News (India & World):

1. Bharatiya Janata Party wins 282 seats as the NDA bags 334 in General Elections 2014. The BJP led NDA is set to
form the new Government at the Centre with a massive win in the Lok Sabha elections. The saffron party has
secured an absolute majority on its own by winning 282 seats.
2. BJP wins 71 seats in UP. In Uttar Pradesh results of all 80 constituencies have been declared. Bharatiya Janata
Party has 71 seats. Ruling Samajwadi Party has won 5 seats and twoseats each has been won by the Congress and
the BJP ally Apana Dal.
3. India will become the worlds third largest oil consumer by 2025 according to the US Energy Information
Administration (EIA). The US Energy Information Administration (EIA) released its annual Energy Outlook on 7
May 2014. At present, India is the fourth largest oil consumer in the world behind the US, China and Japan.
4. Actorfilmmaker Kamal Haasan led the Indian delegation at the 67th Cannes International Film Festival inaugurated
in Cannes, France on 14 May 2014.
5. The United Nations and the International Olympic Committee has signed a historic agreement to use the power of
sports to promote peace and economic development.
Note: IOC President: Thomas Bach
6. European Union bans Indian Alphonso mangoes, veggies from May 1. The 28member European Union has
temporarily banned the import of Alphonso mangoes, the king of fruits, and four vegetables from India from May 1,
sparking protests from the Indian community, lawmakers and traders.
Note: The recent decision by the grouping's Standing Committee on Plant Health came after 207 consignments of
fruits and vegetables from India imported into the EU in 2013 were found to be contaminated by pests such as
fruit flies and other quarantine pests.
7. Microsoft acquires Nokia's mobile phone business for $7.5bn.The Finnish company will now focus on networks,
mapping services and technology development and licences.
Note: Former Nokia chief executive Stephen Elop has become executive vice president of the Microsoft devices
8. The Supreme Court of India appointed former judge of the High Court of Australia, Michael Hudson McHugh as the
third arbitrator to resolve the dispute between the Central government and Mukesh Ambaniled Reliance Industries
Ltd (RIL) on KG basin. EduGaps /Page No.[13]
9. SC recognizes transgender as third category of sex. In a landmark judgement, the Supreme Court on Monday
recognised transgenders or eunuchs as third category of gender and directed Centre and states to grant them all
facilities including voters ID, passport and driving licence.
10. WHO certifies India as a poliofree nation.
11. World Meteorological Organization (WMO) panel announced that Cherrapunji in India regained the world record for
highest rainfall in 48 hours with 2493 millimeters.
12. Russia suspended from G8 group: The G7 group of top economic powers have kicked out Russia from the powerful
G8 over its annexation of Crimea and threatened to impose far-reaching sanctions if Moscow continued its
incursion into Ukraine.
ii. The US and six other economic powers also scrapped the G8 summit to be hosted by Russia in Sochi in June to
build pressure on Russian President Vladimir Putin against his military action in Ukraine.
About Crimea
i. The Autonomous Republic of Crimea is an autonomous parliamentary republic within Ukraine and is governed by the
Constitution of Crimea in accordance with the laws of Ukraine.
ii. The capital is the city of Simferopol, located in the center of the peninsula. Crimea's area is 26,200 square
iii. The Crimean peninsula, the main flashpoint in Ukraine's crisis, is a pro-Russia part of Ukraine, separated from the
rest of the country geographically, historically and politically. It also hosts Russia's Black Sea Fleet. Ukraine has
accused Russia of invading it.
13. IFFCO gets approval to set up $ 1.6 bn urea plant in Canada.
14. Global pharma major Novartis acquire GlaxoSmithKline plc's (GSK).
15. Andhra Pradesh has recorded highest growth in terms of milk production at over 41 per cent and percapita milk
availability about 36 per cent, during the period 200610.
16. A US jury ordered Samsung Electronics Co Ltd to pay $119.6 million to Apple Inc, a big loss for the iPhone maker
in the latest round of their globespanning mobile patent litigation.
17. Cadbury India Limited announced to change its name to Mondelez India Foods Limited. Cadbury India Limited is a
subsidiary of Mondelez International Inc.
18. Vietnam (Hanoi) decided not to host the 2019 Asian Games for financial reasons, and was exploring procedures to
withdraw from staging the region's largest sporting event.
19. Sun Pharmaceutical Industries (SPL) announced that it will acquire 100 per cent of Ranbaxy Laboratories in a $ 4
billion allshare transaction.
20. Deadly Heartbleed virus arrives in Indian cyberspace.
21. Jammu and Kashmir became the first state in the country to declare all election booths in the coming Lok Sabha
polls as no smoking zones.
22. IRV 2020 programme has been launched by WHO India, with an aim to protect and increase the population of the
onehorned rhinoceros (Rhinoceros unicornis).
23. Workdays for tribals under MNREGA raised from 100 to 150. Those tribals who have received land rights under
the Forest Rights Act, 2006 will be eligible for additional 50 days of wage employment under the rural job scheme. EduGaps /Page No.[14]
24. India nominated RanikiVav located in Patan, Gujarat and the Great Himalayan National Park (GHNP) in Himachal
Pradesh for UNESCOs World Heritage Site Status for 2014.
25. Vandana Foundation launched AQUATM in Mumbai: The AQUATM is a water vending machine from which water can
be purchased. This water wending machine will release 1 liter water at a price of 1 rupee.
26. Air India is all set to join the world's largest airline grouping, Star Alliance, this July, making it the first airline
from India to be part of a global chain of carriers.
27. Gujarat state has been ranked number one in a list of India's 20 largest states in terms of economic freedom.
28. Google partners with Rayban for Google Glass.
29. India is Dubais largest non oil trading partner in 201314
30. In the biggestever deal signed at the India Aviation Show, SpiceJet has inked an agreement with Boeing for
purchase of 42 737 MAX 8 aircraft costing Rs. 26,000 crore ($ 4.4 billion).
31. Kelloggs ropes in Deepika Padukone as brand ambassador for Special K
32. Mauritius President Rajkeswar Puryaag is the chief guest at Global Ayurveda Fest in Kerala
33. National Waqf Development Corp. Limited is a new Central Public Sector Enterprise in New Delhi.
Note: It will be remain under the Ministry of Minority Affairs. National Waqf Development Corporation (NAWADCO)
has been established with an authorized share capital of Rs.500 Crore.
ii. The corporation has been establishment as a followup of the recommendation of Sachar Committee.
34. Social media giant Facebook will acquire mobile messaging company WhatsApp for 19 billion dollars in a cash and
stock deal, the largest acquisition by the Mark Zuckerbergled firm. Under the agreement, WhatsApp cofounder
and CEO Jan Koum will join Facebook Board of Directors.
Note: WhatsApp, headquarters is in California's Mountain View.
35. Odia declared as classical language. So far, Sanskrit, Tamil, Telugu, Kannada and Malayalam have been declared as
classical languages.
36. Google and Archaeological Survey of India (ASI) jointly launched 360degree panoramic imagery of 30 out of 100
"nationally important monuments" including Taj Mahal, Red Fort, Humayun's Tomb, Jantar Mantar and Qutub Minar
among others, viewable to onethird of the world's population.
37. Cheteshwar Pujara, the middle order batsman of Indian cricket team appointed as the brand ambassador of the
Gujarat State Election Commission.
38. Countrys first Minority Cyber Village opened in Chandoli in Alwar district of Rajasthan.
39. Sikkim achieves over 100 percent sanitation. Sikkim has become the only state in the country to achieve more than
100 percent sanitation in rural and urban households, schools, sanitary complexes and Aanganwadi centres.
40. Indias first monorail service launched in Mumbai. The first phase covers 8.9 km long WadalaChembur section.
41. Belgium became second country to allow Mercy Killing for Children. Parliament of Belgium on 14 February 2014
legalised death to terminally ill children of any age.
Note: Other European countries that allows active euthanasia are: 1. Luxembourg, which permits active euthanasia
for over 18 years in age. 2. Switzerland lets doctors to help adult patients to commit suicide
42. India is the worlds largest arms importer: SIPRI. The new data has ranked China and Pakistan second and third
respectively as the largest arms importer. The report published by as Swedish Think Tank, Stockholm International EduGaps /Page No.[15]
Peace Research Institute (SIPRI) has claimed that India continues to be the largest buyer of arms in the world.
43. India became third largest crude oil importer in the World.
Worlds Top Five OilImporting Countries are: 1.China, 2.U.S.A:, 3. India 4. Japan 5.Germany
44. Facebook with more than 1.2 billion users worldwide is celebrating its 10th birthday on 3
Feb 2014.
45. Six Public Sector Units (PSUs) have signed a Memorandum of Understanding (MoU) to set up the Worlds largest
4000 MW ultra solar power project in Rajasthan. The project will be the largest single location solar plant spread
across 19000 acres at Sambhar in Rajasthan.
46. The Ministry of Railways and the Government of Karnataka signed a memorandum of understanding (MoU) for the
setting up of a rail coach factory at Kolar in Karnataka.
47. Cabinet approves quota hike of subsidised LPG cylinders from 9 to 12.
48. Kerala wins UN award: Kerala Tourism has been conferred the United Nations Award for creating innovative
initiatives for sustainable tourism, the first time India has ever won the recognition.
49. Odisha's Chilika lagoon, hotspot for biodiversity, has been named 'destination flyways' by United Nations World
Tourism Organization (UNWTO) following its inclusion in a list of eight such sites worldwide.
Note: Chilika is the only site to be selected from Asia by the UNWTO.
50. Japanese PM (Shinzo Abe) is the Chief Guest at Indias 65
Republic Day celebrations on 26
January 2014.
51. The Jain community was accorded minority status by the central government, which will enable them to avail of
benefits in government schemes and programmes. The Jains became the sixth community to have minority status
after Muslims, Christians, Sikhs, Buddhists and Parsis.
52. Amul launches Indias first milk ATM in Gujarat.
53. Sourav Ganguly conferred Doctor of Letters degree by the prestigious Bengal Engineering and Science University
(BESU), Shibpur, for his great contribution to Indian cricket.
54. Delhi became first state to withdraw FDI in Multibrand Retail.
55. India has been ranked 98th in the Forbes list of world's best countries for doing business that has cited poverty,
corruption and discrimination against girls among the challenges facing the country. Ireland topped the list.
56. The US Green Building Council (USGBC) has ranked India as No 3 among the list of top 10 countries for LEED
outside of the United States.
57. Prince Harry has become the first British royal to reach the South Pole after a threeweek charity trek with
injured military veterans from Britain, the U.S., Canada and Australia.
58. Cricket icon Sachin Tendulkar has been named the regional brand ambassador by the UNICEF to promote its Total
Sanitation Campaign in India, Pakistan, Sri Lanka, Bangladesh and Nepal.
59. The Petroleum Conservation Research Association under the Ministry of Petroleum and Natural Gas has selected
Andhra Pradesh for the award of best performing State amongst the big states for the oil and gas conservation
60. Gorakhpur railway station entered Limca Book of Records as worlds longest platform
Note: Before the platform number one of Gorakhpur, the platform of Kharagpur railway station of West Bengal had
the distinction of being worlds largest platform with length of 1072.5 meters. EduGaps /Page No.[16]
61. India ranks 140 in the list of 180 countries in the World Press Freedom Index 2014, whereas China and Pakistan
were placed at 175th and 158th position respectively.
62. India was ranked 94th out of 177 countries on Global Corruption Perception Index 2013, which was released by
Transparency International. Denmark and New Zealand tied for first place.
63. India has been ranked 23rd out of 25 countries in nuclear material security index. China has been ranked at 20th
spot, while Pakistan stands at 22nd place.
64. India ranked 155th in Global Environment Performance Index
65. India ranks at the bottom of the list of 25 countries in terms of its intellectual property (IP) environment. US
ranked on the top followed by UK and France.
66. Cumbria University of UK became the first public university to accept fees in digital currency, Bitcoin. A system
for processing the payments is already operational.
67. Dhoom 3 has become Bollywoods highest revenue grosser of all times in just a fortnight after its panIndia
68. Chile took its seat at the United Nations Security Council(UNSC) as a nonpermanent member of the international
body till Dec 31, 2015.
69. Nepal and India have agreed in principle to allow circulation of Rs.500 and Rs.1,000 denomination Indian bank notes
within Nepalese territory, ending a ban in place for over a decade.
Note: The decision to scrap the 2010 deal was taken nearly a year after reports surfaced that two top officials of the
company had allegedly paid bribes to bag the contract. Former IAF chief S P Tyagi is one of the accused in the case,
which is being probed by CBI.
70. India cancels 3,600 crore rupee VVIP choppers deal with AngloItalian firm Agusta WestLand.
71. Europe launched Gaia satellite, one of the most ambitious space missions in history.
72. Alstom bagged 125 million euro contract from BHEL for Neyveli New Thermal Power Project. The contract is to
supply components and services for the 1000 MW Neyveli New Thermal Power Project (NNTPP) of Neyveli Lignite
Corporation located in Tamil Nadu.
Note: Alstom is a global leader in the world of power generation, power transmission and rail infrastructure. It has set a
benchmark for innovative and environmentally friendly technologies.
ii. Alstom builds the fastest train and the highest capacity automated metro in the world.
73. China built a new research station in Antarctica called Taishan. It was Chinas fourth research station in the
southern pole.
Note: Antarctica is the fifthlargest continent in area after Asia, Africa, North America, and South America.
74. China's first lunar rover named Jade Rabbit landed on Moon. The lunar rover has been named Jade Rabbit (called
Yutu in Chinese).
Note: In past three decades, China is the first country to do so. Earlier, Luna 24 Probe of Soviet Union was the last
space mission to land on moon in August 1976
75. Chile is the worlds top copper exporter, and its fastgrowing economy, low unemployment and stable democracy are
the envy of Latin America. EduGaps /Page No.[17]

New Appointment in India

1. R.M.Lodha: New Chief Justice of India. He is the 41st Chief Justice of India. He succeeds Justice P.
2. Lt Gen Dalbir Singh Suhag: appointed new Army Chief. He succeed Gen Bikram Singh.
3. R Gandhi appointed Deputy Governor of RBI. He replace Anand Sinha
4. Robin K Dhowan: appointed New Navy Chief.
5. Arup Raha new Air Chief Marshal. He succeeded NAK Browne.
6. Arvind Mayaram: appointed new Finance Secretary. He replace Sumit Bose
7. Saurabh Chandra: new Oil Secretary.
8. Rajiv Takru: appointed Revenue Secretary
9. Sudhir Gupta: appointed new TRAI Secretary
10. Rajeev Kher: appointed new Commerce Secretary. He replace S R Rao
11. Ashok Lavasa: appointed Civil Aviation Secretary. He replace K N Srivastava.
12. Justice G. Rohini: become the first woman Chief Justice of the Delhi High Court.
13. Ila Patnaik: appointed as Principal Economic Advisor
14. Retired Air Chief N A K. Browne appointed new Indian envoy to Norway.
15. Rahul Kulshreshth appointed new Indian envoy to Turkey
16. Sunil Gavaskar: interim President of BCCI
17. G. Gopalakrishna: joined as director of Centre for Advanced Financial Research and Learning (CAFRAL).

18. Suresh Kumar Reddy appointed as the First ambassador to ASEAN
19. Ms. Lakshmi Swaminathan became the first Indian to become president of Administrative Tribunal of the Asian
Development Bank (ADB)
20. Lalit Modi elected president of Rajasthan Cricket Association.
21. Arundhati Bhattacharya: SBI's first woman Chairman
22. Akhilesh Gupta: elected as President of the Indian Meteorological Society
23. Tom Albanese: New CEO of Mining conglomerate Vedanta Resources:
24. Soma Mondal appointed first Women director of National Aluminium Company Ltd (NALCO).
25. Amitabh Kant, CEO and Managing Director of the Delhi Mumbai Industrial Corridor Development Corporation, take
charge as Secretary, Department of Industrial Policy and Promotion.
26. Thomas Mathew: New Chairman of MCX Stock Exchange
27. D K Pathak: new Director General of the Border Security Force (BSF).
28. Sheila Dikshit: New Governor of Kerala.
29. Dinesh Sarraf: appointed as Chairman and Managing Director (CMD) of Oil and Natural Gas Corporation (ONGC). He
replaced Sudhir Vasudeva.
30. Gautam Bambawale: new Indian ambassador to Bhutan
31. Jude Felix: appointed coach of the National mens hockey team. EduGaps /Page No.[18]
32. Yaduvendra Mathur : appointed as Chairman and Managing Director of ExportImport Bank of India (Exim Bank)
33. Rakesh Maria: appointed as a new Police Commissioner of Mumbai. He replace Satyapal Singh.
34. A L Banerjee. New DGP of UP (Uttar Pradesh): He succeeds Rizwan Ahmad.
35. Aditi Khanna became first women President of Indian Journalist's Association
36. Mukul Mudgal: appointed as the new chairperson of Broadcasting Content Complaints Council (BCCC)
37. R.K.Tiwari: appointed as the new chairman of Central Board of Direct Taxes (CBDT). He succeed Chairperson
Sudha Sharma.
38. N. Srinivasan to be new Chairman of ICC from July 2014 onwards
39. Poonam Khetrapal Singh: appointed as Regional Director of World Health Organisation (WHO) SouthEast Asia
Note: i. SEARO is one of the six regions of World Health and its headquarters is in New Delhi.
ii. SERO has 11 countries namely India, Nepal, Bhutan, Bangladesh, Myanmar, Thailand, Indonesia, Sri Lanka,
Maldives, Timor Leste and DPR Korea.
40. Justice Ashok Kumar Mathur: appointed Chairman of the 7th Pay Commission
41. T. Nanda Kumar: new Chairman of the National Dairy Development Board (NDDB), replace Amrita Patel
42. Akhilesh Das Gupta reelected president of the Badminton Association of India (BAI)
43. P. Madhusudan: appointed Chairman and Managing Director (CMD) of Rashtriya Ispat Nigam Ltd (RINL)
44. N Ramachandran: New President of Indian Olympic Association (IOA)
45. Ratan Tata appointed member of Chinabacked Board of Boao Forum for Asia (BFA)
46. Arvind Ranjan :appointed new Chief of Central Industrial Security Force (CISF)
47. J N Choudhury : appointed new Chief of National Security Guard (NSG).
48. Vinod Kumar Duggal: appointed as the Governor of Manipur. He replace Ashwani Kumar.
49. Siddarth Birla: New President of FICCI (Federation of Indian Chambers of Commerce and Industry). He succeeded
Naina Lal Kidwai.
50. Usha Sangwan appointed first woman managing director of Life Insurance Corporation of India (LIC)
51. Sushma Singh New CIC (Chief Information Commissoner). She is the second woman to become CIC after Deepak
52. Harsh Bhanwala: New Nabard Chairman. Bhanwala succeeded Prakash Bakshi.
53. Krish Iyer named CEO of Walmart India. He replace Ramnik Narsey.
54. P.H. Parekh elected as the President of Supreme Court Bar Association.
55. Devendra Kumar Pathak: appointed as the Special DG, Border Security Force (BSF)
56. Justice B.S. Chauhan, a Judge of the Supreme Court appointed as the Chairman of the Cauvery Water Disputes
Tribunal. He succeed Justice NP Singh.
57. Harish Rawat: New Chief Minister of Uttarakhand

New Appointment in World EduGaps /Page No.[19]
1. Maj. Gen. Kristin Lund appointed first woman to lead UN force. She replace Chinese Maj. Gen. Chao Liu.
2. New interim PM of Thailand: Niwatthamrong Boonsongpaisan.
Note: Ms. Yingluck shinawatra and nine Cabinet members were forced to step down by the Constitutional Court,
which found her guilty of abuse of power.
3. New PM of Libya: Ahmed Maiteeg
4. New President of Panama: Juan Carlos
5. New Nokia CEO & President: Rajeev Suri
6. New President of Algeria: Abdelaziz Bouteflika
7. New reelected PM of Hungary: Viktor Orban
8. New Prime Minister Of France: Manuel Valls
9. New President of Malta: MarieLousie Coleiro Preca
10. PM of Malta: Joseph Muscat
11. New Prime Minister of Egypt: Ibrahim Mahlab:. Ibrahim Mahlab replace Hazem elBeblawi .
12. New President of Chile: Michelle Bachelet
13. New CEO of Ford: Mark Fields . He succeed Alan Mulally
14. New Italy's youngest PM: Matteo Renzi. He is the 39yearold leader of the CentreLeft Democratic Party,
15. New Prime minister of Ukraine: Arseniy Yatsenyuk
16. Interim President of Ukraine: Oleksandr Turchynov
17. New PM of Nepal: Sushil Koirala. He replaced KhilRaj Regmi.
18. New Chairman of Microsoft: John Thompson. He succeeded Bill Gates
19. New CEO of Microsoft: Satya Nadella. He replaced Steve Ballmer and he takes over as the third CEO of the
Microsoft firm.
20. Marco Lambertini appointed as directorgeneral of WWF (World Wide Fund for Nature) International
21. New Secretary General of North Atlantic Treaty Organisation (NATO): Jens Stoltenberg. He replace the
incumbent Secretary General Anders Fogh Rasmussen.
22. New PM of Bangladesh: Sheikh Hasina She belongs to Awami League party.
23. New chairman of the Federal Reserve: Janet Yellen. She succeeds Chairman Ben Bernanke.
Janet Yellen, the first woman to chair the Federal Reserve in its 100year history. Federal Reserve is the name of
the Central Bank of US.
24. New Pakistani envoy to India: Abdul Basit. He replace Salman Bashir.
25. New Foreign Secretary of Pakistan: Aizaz Chaudhry
26. New Pakistani Ambassador to US: Jalil Abbas Jilani
27. First Secretary General of BIMSTEC: Sumith Nakandala
28. Shahnaz Shaikh: appointed Pakistan Coach of National Hockey team.
29. Teresa Kho is ADB's new Country Director for India. She replaces Hun Kim
30. Angela Merkel: begins third innings as German chancellor.
31. Abdiweli Sheikh Ahmed: New Prime Minister of Somalia. (Mogadishu is the Capital Somalia).
32. Ashraf Jehan: First female judge in Paks National Sharia Court EduGaps /Page No.[20] EduGaps /Page No.[21]

G 20 Summit:
G20 meeting (2014) of Finance ministers and central bank governors held in Sydney (Australia).
G20 Leaders Summit (2014) will be held in Brisbane, Queensland (Australia, in November 2014.

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

G 8 Summit:
Summit 2013: United Kingdom. (Northern Ireland)
Note: The 40th G8 summit was due to be held in Russia in 2014. The meeting was planned for 45 June 2014 at the Black Sea
resort of Sochi.

However, the other seven countries decided on 24 March that a summit would be held without Russia,
in Brussels, Belgium.

G7 countries refuse to attend planned G8 summit in Russia.

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

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

Nuclear security summit
Summit 2012 Seoul (South Korea),
Summit 2014(Next) : Netherland
Summit 2016: United States

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

NAM Summit:
Summit 2013: Tehran, Iran EduGaps /Page No.[22]
Summit2015 Caracas (Venezuela)
Note: Two nations, namely Azerbaijan Republic and Fiji, were accepted as the new members of the organization.
New Member
1. United Nation South Sudan new member country . Total 193 members
2. WTO Tajikistan new member country. Total 159 members.
3. World Bank & IMF South Sudan new member country. Total 188 members
4. European Union Croatia new member country. Total 28

1. World Economic Forum 2014: held in Abuja (Nigeria). Bharti Enterprises founder and Chairman Sunil Bharti Mittal co chair
this years edition of the World Economic Forum on Africa.
2. India, Sri Lanka and Maldives held National Security Advisorlevel meeting on maritime security cooperation in New Delhi.
3. World Telecommunications Development Conference held in Dubai.
4. The Green Economy Summit held in Dubai.
5. Arab Summit 2014: Kuwait host the Arab summit for the first time
6. International Petroleum Conference 2014 (PETROTECH2014) held in New Delhi from 12th 15th January 2014.
7. The 9th WTO Ministerial Conference was concluded on 6 December 2013 at Bali, Indonesia.
8. 12
Pravasi Bharatiya Divas 2014 held in New Delhi. This year's theme is "Engaging Diaspora: Connecting Across
Generations" Datuk Seri G Palanival is the Chief Guest of 12
Pravasi Bharatiya Divas EduGaps /Page No.[23]

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

MOUs Deal between India & Other Countries

Points To Remember: EduGaps /Page No.[24]
1. India has committed 8.5 billion rupees to Bhutan for Small Development Project for the countrys the 11th Five Year Plan.
2. Iran and Japan signed a Memorandum of Understanding (MoU) for bilateral cooperation on environmental issues in Tokyo.
3. India, Azerbaijan: to explore opportunities in energy sector
4. India and Canada have signed three MoUs for cooperation in health sector, audiovisual coproduction and skill development.
5. India, Poland agree to form Joint Working Group for cooperation in films sector.
6. India and Fiji have signed a Double Taxation Avoidance Agreement, DTAA for the avoidance of double taxation and for the
prevention of fiscal evasion with respect to taxes on income.
7. India and Saudi Arabia have decided to enhance their bilateral trade and economic cooperation over next 5 years.
8. India and Bhutan have signed an agreement on development of hydropower projects.
9. India and Germany could sign an agreement for 1 billion for Greenfield projects
10.India and Pakistan signed MoU on electricity trade: India has expressed its intent to export electricity to the tune of 500
MW to Pakistan immediately if infrastructure for transmission of power is made available.
11.India and Maldives ink several pacts and have agreed to jointly patrol and conduct surveillance to strengthen maritime
security in the Indian Ocean Region.
12.India has signed a Rs 4,000crore deal with the US for procuring six more C130J Super Hercules Special Operations aircraft
for the Indian Air Force.
13.Election Commission signs MoU with Yemen. India has offered its expertise to Yemen in election management and electoral
roll preparations.
14. India and Macedonia have signed a new double taxation avoidance agreement (DTAA) that provides for among other things
exchange of banking information for tax administration purposes.
As per the new agreement, dividend, interest and royalty will be taxed in the source country and the rate of taxation will not
exceed 10 percent.

Scheme & Plan Launched by Union & State Government:

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

About Mahatma Gandhi Pravasi Suraksha Yojana (MGPSY)
i. Mahatma Gandhi Pravasi Suraksha Yojana (MGPSY) Scheme is a pension and life insurance scheme and is recognised by the
Indian government.
ii. Mahatma Gandhi Pravasi Suraksha Yojana (MGPSY) is a special social security scheme for overseas Indian workers on
temporary work permit in 17 Emigration Check Required (ECR) countries.
2. Govt. launch Maulana Azad Sehat Scheme' scheme for minority students. Under this scheme, students in the age group of
514 years will be provided with a health card which will entitle them to free checkups twice a year at the place where they
are studying.
3. North Delhi Municipal Corporation (NDMC) launched a new health scheme Stri Swasthya Suraksha Yojna for women on
6 March 2014. EduGaps /Page No.[25]
4. Uttar Pradesh government launched Samajwadi pension scheme on 28 January 2014. The scheme will benefit over 40 lakh
families. Under the scheme pension from 500 rupees to 700 rupees will be given to beneficiaries.
5. Tamil Nadu launches free CFL bulb scheme: Under the scheme state Govt will provide free compact fluorescent light bulbs
to over 14 lakh hutdwellers in the State, an energy saving measure aimed at saving 40 MW of power.

6. Centre launches einclusion project to spread eliteracy. The project is an initiative to make at least one individual in every
household eliterate, under the project, economically weaker sections of the society including rural SC, ST and women will
receive IT training.
7. Project Uddan: The project, an initiative of the Prime Minister, the National Skills Development Corporation and the Ministry
of Home Affairs and industry, was started with the aim of providing skills to 40,000 youth over a period of five years.
8. The Cabinet Committee on Economic Affairs (CCEA) approved implementation of various schemes related to agriculture,
including continuation of Rashtriya Krishi Vikas Yojana (RKVY), in the 12th Plan with a combined outlay of over Rs 80,000 crore.
Note: The RKVY is a State plan scheme that provides 'considerable flexibility' and autonomy to states in planning and
executing programmes for incentivising investment in agriculture and allied sectors.
9. Rani Laxmi Bai Pension Scheme: 'special pension' to Muzaffarnagar riot victims by U.P. Govt. The pension, which would be
anywhere between Rs 400 and Rs 500, would be given under this scheme.
10.Bhagat Puran Singh Sehat Beema Yojna (BPSSBY) Health care scheme for BPL families launched in Punjab
11.'Roshini' Scheme: Centre launched skill development and job placement scheme 'Roshini' for rural youth and women in maoist
affected 24 districts in 9 states.
12. Rajiv Gandhi Jeevandayee Arogya Yojana (health insurance scheme) was launched in Maharashtra.
13. The Vikram Udyogpuri (DelhiMumbai Industrial Corridor) project launched in Madhya Pradesh.
14. Golden Girl (Bangaru Talli) Scheme: A unique scheme, launched in Andhra Pradesh, to protect girl child and ensure her
15. Anna Bhagya programme launched in Karnataka. The programme entitles distribution of 30 kg rice at one rupee per Kg to
over 98 lakh BPL and Antyodaya card holders in the state.

Awards & Honours

1. Goldman Prize for environmental activist Ramesh Agrawal. He received the prize for helping villagers fight coal mining
in Chhattisgarh.
2. Caparo Group founded by leading NRI industrialist Lord Swraj Paul has won the International Business of the Year award
3. Golden Peacock Awards 2014: Technopark Technology Business Incubator (TTBI) was chosen for the Special Commendation
at the Golden Peacock National Training Awards 2014.
4. Bharat Ratna Award: Sachin Tendulkar and CN Rao conferred Bharat Ratna Award 2013.
Note: Tendulkar is the first sportsman and the youngest recipient of the the Bharat Ratna
ii. Prof Rao is a well recognized international authority on solid state and materials chemistry is the third scientist to received
award after CV Raman and former President A.P.J Abdul Kalam. EduGaps /Page No.[26]
iii. The Bharat Ratna was announced after a gap of four years with Hindustani music doyen Bhimsen Joshi being the last
recipient in 2009.
5. Dadasaheb Phalke Award 2013: Veteran poet and film lyricist Gulzar has been chosen for the coveted Dadasaheb Phalke
Award for 2013. He is the 45th winner of the Dadasaheb Phalke Award.
6. Pulitzer Prize 2014: Indiaborn poet Vijay Seshadri has won the prestigious 2014 Pulitzer Prize in the poetry category for his
work '3 Sections'.
7. Donna Tartt wins fiction Pulitzer Prize 2014 for novel 'Goldfinch'
8. Miss India 2014: Koyal Rana new Miss India.
9. Gandhi Peace Prize for 2013: Eminent Gandhian and environmentalist Chandi Prasad Bhat selected for the award.
Note: A pioneer of the Chipko Movement for which he was also awarded the Magsaysay Award in 1982, Mr. Bhatt was given the
Padma Bhushan by UPAI in 2005.
10.Saraswati Samman 2013: Govind Mishra selected for for his book Dhool Paudho Par.
11.Pritzker Prize 2014: Japanese architect Shigeru Ban won the Pritzker Architecture Prize 2014. He won the award for his
creative and inexpensive designs for disaster relief shelters.
12.Abel Prize 2014: Russian mathematician Yakov Grigorevich Sinai won the award.
13. Laxmi, an acid attack victim gets International Women of Courage Award (US honour).
14. Vyas Samman 2013: Vishwanath Tripathi been selected for the prestigious Vyas Samman for the year 2013.
Note: Tripathi has been chosen for the coveted annual literary award instituted in 1991 by the K K Birla Foundation for his
memoir 'Vyomkesh Darvesh', a biolgraphy of noted Hindi scholar Acharya Hazari Prasad Dwivedi.
15. G D Birla Award 2013: Rajesh Gopakumar was selected for the 23rd G D Birla Award for scientific research for the year
16. M S Subbulakshmi Award 2014: Mathangi Sathyamurthy, Karnataka musician was selected for the award.
17. Britain's highest awards: Ratan Tata, former chairman of the Tata Group honoured by Queen Elizabeth with a GBE (Knight
Grand Cross), which is one of the highest civilian honours in Britain.
18. Narayana Murthy awarded with Global Indian Award in Canada.
19. Luis Suarez named as Professional Footballers' Association Player of the Year.
20. Jeev Milkha Singh nominated for Asian Tours Player of the Decade award
21. MS Dhoni won United Kingdoms 2014 Asian award for outstanding achievement in Sports.
22. Shikhar Dhawan named one of Wisden's Five Cricketers of the Year award.
23. Sachin Tendulkar won Cricketer of generation award
24. Tomas Halik, the Czech priest won the Templeton Prize for 2014.
25. India and Singapore won the 2014 edition of the UNWater Water for Life Best Practices Award for their sustainable
practices of water resources.
26. Hindustan Aeronautics Ltd (HAL) received the Most Efficient Navratna Award for the year 2013.
27. Megastar Amitabh Bachchan was conferred India's Global Icon of the Year award
28. Indianorigin Gopal Rao won UK Twitter Prize.
29. Turkish investigative journalist Ahmet Sik won 2014 UNESCO Guillermo Cano World Press Freedom Prize.
30. Anand Kumar, the founder of Super30 got 2014 Ramanujan Mathematics award EduGaps /Page No.[27]
31. Indian Writer Pankaj Mishra won Windham Campbell Literature Prize 2014
32. President Paul Kagame of Rwanda, President Park Geunhye of South Korea and Mexican billionnaire Carlos Slim won the
World Telecommunication and Information Society (WTIS) Award 2014.
33. President Pranab Mukherjee got the Rotary's highest award for his leadership in the country's victory over polio.
34. Arogya Swami Joseph Paulraj has been awarded the prestigious 2014
Marconi Society Prize. Paulraj is the only Indiaborn scientist to receive both the Marconi Prize and the Bell Medal, two top
global IT technology awards.
35. Madan Babu, an Indianborn scientist, won the Protein Science Young Investigator Award for 2014
36. Australian pacer Mitchell Johnson won the coveted Allan Border medal.
37. Abhishikta S Shetty of Karnataka won Miss South India Pageant Title
38. Cyrus Mistry wins DSC Prize 2014 for South Asian literature for his book Chronicles of a Corpse Bearer.
39. Taiwanese poet Yushi was awarded the Thiruvalluvar award by the Tamil Nadu government in Chennai. Yushi is the first
foreign scholar to receive Thiruvalluvar award.
40. Germany goalkeeper Nadine Angerer has been named the best women's football player in the world for 2013.
41. FIFA named Portuguese attacker Cristiano Ronaldo world's best soccer player for the 2012/2013 season.
42. Sunil Gangopadhyay Memorial Award of 2012 and 2013: two eminent Bengali poets, namely Nirendranath Chakraborty
and Sankha Ghosh, respectively.
43. 12 Years a Slave' wins Golden Globe for best dramatic film. 12 Years a Slave,' directed by British filmmaker Steve
44. 'American Hustle' won the Golden Globe award for the best comedy or musical film. 'American Hustle,' directed by David O
Russell and starring Christian Bale
45. Leonardo DiCaprio has won the Golden Globe for best actor in a comedy or musical for 'The Wolf of Wall Street.
46. Irrfan Khan won the best actor award for his brilliant performance in his film The Lunchbox at the 10th edition of Dubai
International Film Festival (DIFF).
47. C.K. Nayudu award: Former India captain Kapil Dev received the Col. C.K. Nayudu Lifetime Achievement Award for 2013.
48. The Union Ministry of Power has selected the Poovar Island Resort for the National Energy Conservation Award 2013
49. Sahitya Akademi Awards 2013 :Javed Akhtar has been chosen for "Lava", his compilation of 55 Urdu poems.
50. Eminent historian Bipan Chandra: was awarded Itihas Ratna from Asiatic Society Bihar. Bipan Chandra is the fourth
historian to be honoured with the Itihas Ratna by the society.
Note: i. The Rise and Growth of Economic Nationalism, is one of his known and one of the earliest book.
ii. He has been a Chairperson of the centre for historical studies at Jawaharlal Nehru University in New Delhi.
51. Rajiv Gandhi International Airport of Hyderabad received Sword of Honour award.

Note: i. Rajiv Gandhi International Airport Ltd is operated by GMR Hyderabad International Airport Ltd (GHIAL) and it is
first airport in India to receive this award.
ii. The Sword of Honour is considered to be Oscar of the Safety World
52. Lingaiah Nagarapu, Principal Scientist at the CSIRIndian Institute of Chemical Technology has been honoured
with the best scientist award of ScienceTech Foundation (STF) EduGaps /Page No.[28]

Padma Awards 2014:

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

Padma Bhushan
Gulam Mohammed Sheikh, ArtPainting, Gujarat Begum Parveen Sultana, ArtClassical Singing, Maharashtra T.H. Vinayakram,
ArtGhatam Artist, Tamil Nadu
Kamal Haasan, ArtCinema, Tamil Nadu Justice Dalveer Bhandari, Public Affairs, Delhi
Ruskin Bond, Literature and Education, Uttarakhand Pullela Gopichand, SportsBadminton, Andhra Pradesh
Leander Paes, SportsTennis, Maharashtra Prof Lloyd I Rudolph, Literature and Education, USA

Padma Shri
Mohammad Ali Baig, ArtTheatre, Andhra Pradesh Nayana Apte Joshi, Art, Maharashtra
Vidya Balan, ArtCinema, Maharashtra Anjum Chopra, SportsCricket, Delhi Sunil Dabas, SportsKabbadi, Haryana Love Raj Singh
Dharmshaktu, SportsMountaineering, Delhi Dipika Rebecca Pallikal, SportsSquash, Tamil Nadu
H Boniface Prabhu, SportsWheelchair Tennis, Karnataka
Yuvraj Singh, SportsCricket, Haryana
Mamta Sodha SportsMountaineering, Haryana
Oscar Award 2014:
Best Film 12 Years a Slave Directed by Steve McQueen Best Actor Matthew McConaughey for: Dallas Buyers Club Best
Actress Cate
Blanchett for: Blue Jasmine
Best Director Alfonso Cuarn for Gravity
Best Actor in a Supporting Role Jared Leto for: Dallas Buyers Club Best Actress in a Supporting Role Lupita Nyong'o for 12
Years a Slave Best Foreign Language Film The Great Beauty (Italy)
Note: "Gravity" pulled in 7 Oscars, including best director, at the 86th Academy Awards on March 2, 2014.
61st National Film Awards:
Best Film: 'Ship of Theseus' Director Anand Gandhi
Best Actor: Rajkumar Rao for 'Shahid' and Suraj Venjaramudu and Venajaramoodu for Malayalam movie 'Perariyathavar'
Best Actress: Geetanjali Thapa for Liars Dice
Best Director Award: Pranjal Dua for 'Chidiya Ud' (Hindi)
Best Popular Film providing Wholesome Entertainment: 'Bhaag Milkha Bhaag'
Best Film on Social Issues: 'Tojia Dharm Kauncha'
Best Non Feature Film: 'Rangbhoomi'
Best Supporting Actor: Saurabh Shukla, 'Jolly LLB' EduGaps /Page No.[29]
Note: 'Cinema Ka Cinema' got the Best Book on Cinema, while the Best
Film Critic award went to Alka Sahania Director of Film 'Shahid' Hansal Mehta Director of Film 'Jolly LLB' Subhash Kapoor
Director of Film Liars Dice Geetu Mohandas

The IIFA 2014 Awards Winners List
Best Actor (Male): Farhan Akhtar for Bhaag Milka Bhaag Best Actress (Female): Deepika Padukone for Chennai Express
Lifetime Achievement Award 2014: Shatrughan Sinha
Best Entertainer of the Year: Deepika Padukone Best Film: Bhaag Milka Bhaag
Best Director: Rakeysh Om Mehra for Bhaag Milkha Bhaag. Best Debutant Award map: Dhanush for Raanjhanaa
Best Story Award: Prashoon Joshi for Bhaag Milkha Bhaag Best Lyric Writer: Mithoon for Tum Hi Ho from Aashiqui 2 Best Male
Playback Singer Award: Arijit Singh for Tum Hi Ho from Aashiqui 2
Best Female Playback Singer Award: Shreya Goshal for Sun Raha Hai Na Tu from Aashiqui 2
John Travolta honoured the Most Popular All Time International Star in India at IIFA awards

Filmfare Awards 2014:
1. Best Actress: Deepika Padukone Goliyon Ki Rasleela RamLeela
2. Best Actor: Farhan Akhtar Bhaag Milkha Bhaag
3. Best Film : Bhaag Milkha Bhaag
4. Best Director: Rakeysh Omprakash Mehra Bhaag Milkha Bhaag
5. Best Lyrics: Prasoon Joshi Zinda (Bhaag Milkha Bhaag)
6. Best Debut (Director): Ritesh Batra The Lunchbox
7. Best Debut (Male): Dhanush Raanjhanaa
8. Best Debut (Female): Vaani Kapoor Shuddh Desi Romance
9. Best Story: Subhash Kapoor Jolly LLB
10. Best Actor in a Supporting Role: Nawazuddin Siddiqui The Lunchbox
11. Best Actress in a Suporting Role: Supriya Pathak RamLeela
12. Lifetime Achievement Award: Tanuja

Person in News:
1. Dr. Manmohan Singh resigns. as Prime Minister of India.
2. Nitish Kumar resigns as Bihar CM
3. Lakhdar Brahimi: UN Envoy on Syria resigned
4. Alenka Bratusek Slovenias Prime Minister resigned.
5. Dilip Shanghvi named among Asias richest selfmade billionaires.
6. Manoj Vaish, Managing Director & CEO of Multi Commodity Exchange of India Ltd (MCX), resigned.
7. P Elango interim CEO & Whole time Director, quit from Cairn India.
8. Aamir Khan Election Commissions National Icon for Lok Sabha Elections 2014
9. Arjun Kapoor Named National Ambassador for Earth Hour 2014 EduGaps /Page No.[30]
10. Vivek Gundotra, chief of Googles social networking venture Google+ resigned.
11.Nancy Powell resigned as the US Ambassador to India
12.Prime Minister of Kazakhstan Serik Akhmetov has resigned
13.South Korea's Prime Minister Chung HongWon give resign over the sinking of a passenger ferry that left more than 300
people dead or missing.
14. Justice KT Thomas quits as head of Lokpal search committee
15. Hazem ElBeblawi : Egyptian PM resigns.
16. Archana Bhargava: Chairman and Managing Director of the United Bank of India, has resigned.
17. Zaka Ashraf : Prime Minister Nawaz Sharif sacked Zaka Ashraf as the Chairman of the PCB
18. SubInspector K Prasad Babu was honoured posthumous Ashok Chakra for an antiNaxal operation .
19. Jamila Bayaz, first women to be appointed police chief of Kabul province. She is the first woman in Afghanistan to
be appointed as police chief of an entire district.
20. Enrico Letta : Italy Prime Minister resigned.
21. Arvind Kejriwal: resign from the post of Chief Minister of Delhi.
22. Pope Francis was named as the Person of the Year 2013 by Time Magazine.
23. Wipro Chairman Azim Premji won the Economic Times Lifetime Achievement Award 2013 for his role in creating
India's third largest software exporter.
24. Ali Larayedh: Prime Minister of Tunisia resigned
25. Indianorigin academician Rakesh Khurana has been appointed dean of the prestigious Harvard College. He
succeeds Evelynn Hammonds.
26. Parveen Amanullah: Bihar First Woman Muslim Minister Resigns
27. Teesta Setalvad, accused for misusing foreign funds meant for helping the victims of the 2002 Gulbarg society
28. Michael Ferreira: Billiards champion was accused in 425crore rupees scam in multi level marketing firm QNet.
29. Justice A.K. Ganguly: West Bengal Human Rights Commission chairman Justice A.K. Ganguly resigned from the
post of honorary professor of the National University of Juridical Sciences
30. V Balakrishnan: Former Infosys CFO joins AAP
31. Hardeep Singh Puri: who retired as Indias Permanent Representative to the United Nations, today joined BJP.
32. Chandra Kant Birla Chairman of Hindustan Motors Limited resigned from the board.
33. Michael Schumacher, is in a coma and remains in a "critical" condition after striking his head in a ski accident
34. Devyani Khobragade: Khobragade, India's deputy consul general in New York, was accused by Manhattan's
Indian American US Attorney Preet Bharara of visa fraud and exploiting her babysitter and housekeeper.
35. Shashi Tharoor PETA's 'person of the year' by animal rights campaigner PETA (People for the Ethical Treatment
of Animals) for initiating steps for animal protection.
36. Shoma Chaudhury, managing editor of Tehelka, announced her resignation from the Tehelka, an investigative
37. Tarun Tejpal: Tehelka editorinchief was arrested on charges of sexually assaulting a young colleague.
38. Mathew Martoma: Indianorigin hedge fund portfolio manager Mathew Martoma convicted for his role in the $275 EduGaps /Page No.[31]
million insider trading scheme, the most lucrative in U.S. history.

Books & Their Authors

1. Book My Years with Rajiv and Sonia written by R.D.Pradhan
2. Book ModiNomics: Inclusive Economics, Inclusive Governance: authored by Sameer Kochhar.
Some other books of Sameer Kochhar:
1. Growth & Finance
2. Speeding Financial Inclusion.
3. Policymaking for Indian Planning
4. Building from the Bottom: Infrastructure and Poverty Alleviation
3. Book: Crusader or Conspirator? Coalgate and other Truths authored by PC Parakh
4. Book: The Accidental Prime Minister: The Making and Unmaking of Manmohan Singh authored by Dr. Sanjaya Baru
5. Book: Lal Bahadur Shastri: Lessons in Leadership written by Pavan Choudary .
6. Book: Rationalised Roman for Kashmiri written by Dr. R L Bhat
7. Book: Narendra Modi: A Political Biography written by Andy Marino.
8. Book: Public Issues Before Parliament written by Vijay Darda
9. Book: The Political Economy of Energy and Growth authored by Sh.
Najeeb Jung
10. Book: India at Risk: authored by Jaswant Singh.
11. Book ModiNomics: Inclusive Economics, Inclusive Governance: authored by Sameer Kochhar.
12. Book: Water, Peace and War Confronting the Global Water Crisis written by Brahma Chellaney.
13. Hard Choices authored by Hillary Rodham Clinton
14. Book: Greater than Bradman: celebrating Sachin, the greatest batsman in Test history authored by : Rudolph Lambert
Fernandez, a Chennaibased author.
15. Book: Unbreakable An Autobiography by Mary Kom
16. The Luminaries by: Eleanor Catton. She won the Man Booker Prize 2013.
17. Walking With Giants: authored by former Finance Secretary G. Ramachandran.
18. "I am Malal : authored by Christina Lamb.
19. Momentous Times on the 175 years of Times of India. The book is an effort of the Times of India Group.
20. "Victory India A Key to Quality Military Leadership" authored by Colonel Vinay B Dalvi (Retd)
21. The Da Vinci Code: Dan Brown

Some books authored by RBI Governor: Raghuram Rajan
Aid and Growth
Fault Lines
India's Pattern of Development EduGaps /Page No.[32]
The Real Effect of Banking Crises
Controlled Capital Account Liberalization
Saving Capitalism from the Capitalists


1. Omans Foreign Minister Yousuf bin Alawi bin Abdullah visited India.
2. King of Bahrain Hamad bin Isa Al Khalifa visited India on February 1820, 2014.
3. President of Zanzibar, Dr. Ali Mohamed Shein visited India from 1 to 9 February 2014. Zanzibar is a semiautonomous
part of Tanzania, in East Africa.
4. German President Joachim Guack visited India on 4
Feb 2014
5. French First Lady Valerie Trierweiler visited Inida on 25
Jan 2014.
6. King of Bhutan, Jigme Khesar Namgyel Wangchuck and Queen Jetsun Pema Wangchuck visited India
7. South Korean President Park Geunhye visited India.


1. Russy Mody: Management guru Russy Mody who was known for his man management while he headed Tata Steel and
was awarded Padma Bushan died
2. Capt. C. P. Krishnan Nair, Founder Chairman of The Leela Palaces, Hotels and Resorts, passed away
3. N Janardhan Reddy: Former Andhra Pradesh Chief Minister died.
4. Elena Baltacha: Extennis player dies of cancer
5. Khaled Chowdhury: Noted theatre personality died
6. Bob Hoskins: British actor dies
7. Tito Vilanova, Former Barcelona coach Vilanova dies.
8. Pulitzer Prize winning journalist Anja Niedringhaus shot dead in Afghanistan.
9. Khushwant Singh: Famous writer and journalist passed away
10.Former President of Guinea Kumba Yala died
11.Nanda: Veteran Bollywood actress passes away.
12. DK Jain : Luxor Group Chairman passes away
13. Gabriel Garcia Marquez, the Nobel laureate whose intoxicating novels and short stories exposed millions outside
Latin America passes away.
14. Former Sierra Leone President, Ahmad Tejan Kabbah died
15. British socialist stalwart Tony Benn dies
16. Noted economist and academician G.K. Chadha passed away
17. P Ramdas : Malayalam director passes away
18. K. Suryanarayana Raja, former international basketball player passed away. EduGaps /Page No.[33]
19. Joe McGinniss, author of Fatal Vision died
20. William Clay Ford passes away
21. Jagat Singh Mehta : Former Foreign Secretary died
22. J.S. Sarma: Former TRAI Chairman passes away
23. Hanumath Shastry, the eminent Telugu litterateur died
24. Bangaru Laxman : Former BJP president dies.
25. Legendary Guitarist: Paco de Lucia passed away
26. Prokash Karmakar: Eminent painter died
27. Balu Mahendra : Veteran filmmaker passed away.
28. Karl Slym: MD of Tata Motors died after falling from hotel building in Bangkok
29. Sudhir Mahato: the former Deputy Chief Minister of Jharkhand died
30. Akkineni Nageswara Rao: Padma Vibhushan and Dada Saheb Phalke awardee passed away. ANR is fondly called the Tragedy
King of Telugu cinema.
31. Suchitra Sen: Legendary Bengali actor passed away
32. Namdeo Dhasal Renowned Marathi poet and activist passed away
33. Syedna Mohammed Burhanuddi: The spiritual leader of the Dawoodi Bohra community passed away
34. Silverine Swer, Meghalaya's first Padma Shri Awardee died
35. Adhip Chaudhuri, an international economist who taught at Georgetown University, died in Vienna,
36. Ariel Sharon: Former Israeli Prime Minister Dies
37. IIa Pathak social activist died
38. Vishwanath Bondre: Former Mumbai Ranji Trophy cricketer died
39. Farooq Sheikh: veteran Hindi actor died
40. Mikhail Kalashnikov: the designer of fabled AK47 automatic rifle, died in Russia. AK47's name stands for "Kalashnikov's
Automatic" and the year it was designed, 1947.
41. Ishrat Ali Siddiqui: Freedom fighter, veteran Journalist and Padm Shree awardee died
42. Anjali Devi: Veteran South Indian film actress died
43. Michiaki Takahashi: developed Chickenpox vaccine died in Japan.
44. Pran Chopra : Veteran journalist died
45. G.S. Shivarudrappa: Distinguished Kannada poet, writer and researcher G.S. Shivarudrappa (87) passed away. The writer,
was awarded with the title of Rashtrakavi by the Government of Karnataka in 2006.
46. Sis Ram Ola dead Union Labour and Employment Minister Sis Ram Ola died at a Gurgaon hospital after a prolonged illness.
47. Joan Fontaine: Oscarwinning actor has died at the age of 96
48. Babul Phukan: Former footballer died in Guwahati
49. Nelson Mandela, the antiapartheid revolutionary of South Africa died
50. Sandeep Acharya: Indian Idol winner passes away.
51. Ronnie Biggs: known for his role in the 1963 Great Train Robbery, died.
52. Narayan Sahu: Former Odisha MLA and freedom fighter passes away
53. Philip Seymour: Oscarwinning actor Hoffman died. EduGaps /Page No.[34]
Sports News
Australian Open 2014:
1. Mens Single: Switzerland's Stanislas Wawrinka claimed his first Grand Slam title by defeating Rafael Nadal
2. Womens Single: Li Na (China) defeat Dominika Cibulkova. Li Na becomes first Chinese woman to clinch title.
3. Womens Doubles: Errani and Roberta Vinci beat Russia's Ekaterina Makarova and Elena Vesnina

Madrid Title 2014: Rafael Nadal defeat Kei Nishikori in the final to win the title.

Monte Carlo Masters Tennis 2014: Stanislas Wawrinka beat Roger Federer.

Miami (Sony)Open 2014:
1. Mens Single: Novak Djokovic dominates Rafael Nadal to win fourth Miami title.
2. Womens Single: Serena Williams beat Li Na to win seventh Miami Title

Note: Manila will host the first leg of the newly launched International Premier Tennis League

List of Top 5 Countries Medal Standings of Sochi (Russia) 2014 Winter Olympics:

Rank Country Gold Silver Bronze Total
1 Russian Fed. 13 11 9 33
2 Norway 11 5 10 26
3 Canada 10 10 5 25
4 United States 9 7 12 28
5 Netherlands 8 7 9 24

Note: Fifteenyearold Russian skater Yulia Lipnitskaya has become the youngest athlete in the world to win a Gold
medal at the Winter Olympics

ICC World Cup Cricket Venue:
ODI: (One day International):
1. Australia & New Zealand: 2015 Cricket World Cup.
2. England will host 2019 Cricket World Cup.
3. India will host 2023World Cup for the fourth time.

1. Bangladesh host the: World T20 Cup 2014. (For Men & women)
2. India will host the: World T20 Cup 2016. (For Men & women)
3. Australia to host World T20 in 2020. (For Men & women)
4. West Indies to host Women's World T20 in 2018 and Under19 Cricket World Cup in 2022.
Note: ICC Womens World Cup 2013 Australia defeated West Indies at Brabourne Stadium in Mumbai. EduGaps /Page No.[35]
The 2013 World Twenty20 Qualifier are scheduled to be played in November 2013 in the United Arab Emirates.

1. England to host Cricket World Test Champions in 2017 (for first time).
2. India will host World Test Championship in 2021.

Note: ICC U19 World Cup 2014 held in UAE. South Africa won the title.
FIFA (Football) World CUP hosts:
1. 2014: Brazil (Mascot: Smiling Armadillo to be the official Mascot of 2014 FIFA World Cup Brazil).
2. 2018 : Russia
3. 2022: Qatar

FIFA ranking: 2014
1. Spain
2. Germany
3. Portugal
4. Brazil
India drop two places to 147 in Fifa ranking.

Olympics Games host cities:
1. 2014 winter: Sochi (Russia)
2. 2016 Summer: Rio de Janeiro (Brazil)
3. 2018 winter: Pyeongchang (South Korea)
4. 2020 summer: Tokyo (Japan)

Asian Games host cities:
1. 2014: Incheon (South Korea) (Note: 2010 Asain Games held in Guangzhou, China).
Note: Vietnam (Hanoi) decided not to host the 2019 Asian Games for financial reasons, and was exploring procedures to
withdraw from staging the region's largest sporting event.

ICC Rankings For Tests, ODIs and Twenty20
Test ODI Twenty20
Australia Australia India
South Africa India Sri Lanka
England Sri Lanka Pakistan EduGaps /Page No.[36]
Pakistan England South Africa
India South Africa Australia

1. Mens T20 World Cup 2014: Sri Lanka defeat India to win the maiden title.
2. Womens World T20 2014: Australia defeat England in the final to win the title for the third time in a row.
3. Asia Cup Title 2014: Sri Lanka defeat Pakistan to win the title.
Note: It is their fifth Asia Cup success, equaling the record of India.
4. ICC U19 World Cup 2014: South Africa beats Pakistan to lift the title.
5. Ranji Trophy 2014. Karnataka beat Maharashtra to lift the title. Karnataka have won the trophy for seventh
6. Irani Trophy 2014: Karnataka won by defeating Rest of India.
7. India claim U19 Asia Cup title by defeating Pakistan in final
8. Vijay Hazare Trophy 2014: Karnataka won the title by defeating Railways
9. Grant Flower named as Pakistan batting coach.
10. 68th Santosh Trophy : Mizoram defeat Railways to win the title.

Note: This is the maiden Santosh Trophy for Mizoram also this was the first appearance for them in the final match.
11. Pankaj Advani won CCI Biliards title. He defeated twotime world runnerup Dhruv Sitwala
12. National Women's Football champions 2014: Manipur defeated Orissa in the final.
13. Deodhar Trophy 2014: West Zone lifted the trophy after defeating North Zone in the final
14. Malaysian Grand Prix 2014: Britain's Lewis Hamilton won the title.
15. Syed Mushtaq Ali T20 trophy: Baroda beat Uttar Pradesh to win the trophy.
16. World Snooker title 2014: Mark Selby of England won maiden title.
17. Virat Kohli is number 1 ODI batsman in latest ICC rankings
18. Saeed Ajmal top bowlers in ODI ranking. He is followed by Dale Steyn and Sunil Narin while Ravindra Jadeja is at
19. Waqar Younis appointed as new Pakistan coach.
20. Martin Kilzan won the Munich ATP tournament to claim second title of his career. In the final match, he defeated
Fabio Fognini
21. Chitra Magimairaj Wins World Women's Senior snooker title
22. The IndoZimbabwean tennis pair of Sania Mirza and Cara Black has won the WTA Portugal Open women's doubles
23. Kamal Chawla has settled for a bronze medal in the Asian Snooker Championship being held in the United Arab
24. Punjab won Junior National Hockey Title 2014 by defeating Odisha in the final.
25. Novak Djokovic won Indian Wells final by defeating Roger Federer.
26. India's Heena Sidhu clinched World's No. 1 spot in 10 mts air pistol event.
27. George Bailey lead Kings XI Punjab in the seventh edition of the Indian Premier League EduGaps /Page No.[37]
28. Australian allrounder Shane Watson will captain Rajasthan Royals in the Indian Premier League (IPL).
29. Sunil Gavaskar appoints (HDFC chairman) Deepak Parekh as his special advisor for 7th edition of IPL
30. US sprint star Tyson Gay has received a oneyear doping ban from the US AntiDoping Association.
31. Triple jumper Renjith Maheswary, who has been stopped from receiving Arjuna Award under controversial
circumstances on charges of dope violation last year, has again been recommended by the Athletics Federation of
India (AFI) for the coveted honour this year.
32. Darren Sammy retires from test cricket but remains T20 captain.
33. Ronnie OSullivan named as Snookers Player of the Year.
34. Lasith Malinga, new captain of Sri Lanka T20 team
35. New Zealand's Kiwi Kathy Cross became the first woman to be inducted in an ICC umpires' panel
36. Dipika Pallikal ranked No 10 in Womens Squash Association (WSA) rankings
37. Saina Nehwal won Syed Modi International India Grand Prix Gold badminton crown by defeating PV Sindhu in
38. BCCI recommends Ravichandran Ashwin ( Offspinner) for Arjuna Award.
39. Anirban Lahiri won Indonesian Masters golf title.
40. Grand Master Adhiban won silver medal at the Asian Continental Chess Championship
41. Delhi Waveriders beat Jaypee Punjab Warriors to lifts 2nd edition of Hockey India League cup.
42. Rafael Nadal remains top of the mens ATP tennis rankings.
43. Serena Williams (USA) remains top of the WTA tennis rankings
44. Chennai to host World Bridge Championships next year .
45. Shaik Abdul Hameed of India won the 2014 Thailand Tour title of Asian Bowling Federation (ABF).
46. Chain Singh and Heena Sidhu claimed gold medals in the seventh Asian Air Gun Championship in Kuwait
47. Swimmer Supriya Mondal has qualified for the 2014 Youth Olympics by winning a gold medal in the 200m butterfly
event at the Dubai International Aquatic Championships in Hamdan.
48. Manavjit Singh Sandhu, the Indian veteran trap shooter jumped to the third spot in the world rankings.
49. Pooja Ghatkar clinches gold in womens air rifle in the seventh Asian air gun championship
50. Former Australia test batsman Marcus North retires.
51. Spain's Real Madrid retained the title of the world's richest soccer club
52. Netherlands beat New Zealand to win maiden Hero Hockey World League title
53. Jimmy Walker of the US won the Sony Open golf tournament held in Hawaii
54. Veteran Indian shuttler Arvind Bhat lifts German Open title
55. Aditya Joshi is world No.1 junior shuttler.
56. Serena Williams beat Victoria Azarenka to win Brisbane International Title.
57. ATP Open Tennis tournament held in Chennai.
58. Jacques Kallis overtakes Rahul Dravid to become 3rd highest Test rungetter
59. Dubai tennis championship: Roger Federer defeat defeating Tomas Berdych .
60. Graeme Smith, the South African cricket team Captain announced retirement from international cricket.
61. South Africa's legendary allrounder Jacques Kallis announced retirement from Test cricket. EduGaps /Page No.[38]
62. Veteran Sri Lankan batsman Mahela Jayawardene has become the sixthhighest runscorer in the history of Test
63. Kumar Sangakkara, the cricketer of Sri Lankan national team became the second person in the history of Cricket
to score a triple century and a century in the same test match, he joined Graham Gooch, the former skipper of
England team.
64. Veteran Indian player Joshna Chinappa lifted her maiden WSA World Tour title with the Winnipeg Winter Club
Open trophy after beating Egypt's Heba El Torky .
65. Vernon Philander of South Africa topped Test bowler ranking of ICC
66. England's spinner Graeme Swann announced retirement from International Cricket.
67. Zaheer khan became the fourth Indian bowler to claim 300 wickets in Test cricket. Jacques Kallis was his
300th wicket in international test cricket. Bowlers of India, who has taken 300 wickets namely Kapil Dev
(434 wickets), Anil Kumble (619 wickets) and Harbhajan Singh (413 wickets).
68. India defeat Pakistan to lift Kabaddi World Cup 2013 title. Defending champion India retained the title fourth
consecutive term
69. India win Women's Kabaddi World Cup 2013 for the third time in a row, defeating debutant New Zealand 4921 in
the summit clash played at Guru Gobind Singh sports complex in Jalandhar (Pinjab).
70. Junior Hockey World Cup 2013: Germany beat France, register record sixth world title.
71. Rising Test batsman Cheteshwar Pujara has bagged the 'Emerging Cricketer of the Year' 2013 trophy .
72. The International Cricket Council (ICC) has suspended West Indies offspinner Shane Shillingford from bowling in
international matches because of illegal action.
73. Andy Murray crowned BBC 'Sports Personality of the year'2013.
74. Ethiopian Runner Atsedu Tsegay won Delhi Half Marathon 2013.
75. Australia beat England to seal 50 Ashes title
76. Hockey World League Final kicked off in New Delhi
77. 75th Senior National Table Tennis Cship held in Patna
78. The first high altitude cricket stadium in South India, inaugurated at Krishnagiri in Wynad district of Kerala.
79. World and European champions Spain top the final FIFA world rankings of the year for the sixth time in a row.
80. Mahesh Mangaonkar became the first Indian squash player to win the IMET Open by defeating Greg Lobban, in the
Slovakian capital of Bratislava.
81. John Isner beat Lu Yenhsun of Taiwan to win Auckland title

News Related To Defence & Technology

1. Bolivia launched countrys first telecommunications Satellite Tupak Katari
Note: Capital of Bolivia : Sucre, President: Evo Morales
2. IRNSS1A , IRNSS1B India's navigation satellite.
3. Pakistan successfully test fires HaftIII (Ghaznavi) Short Range Surface to Surface Ballistic Missile . Range 290km
4. IndoNepal joint military exercise ExSurya Kiran Drills VI held at Saljhandi in Rupandehi district.
5. The largest 130MW Solar Power Plant of India Welspun Solar MP Project was launched at Bhagwanpur in Neemuch,
Madhya Pradesh
6. NTPC signed a Memorandum of Understanding (MoU) with Bihar State Power Generation Company Limited (BSPGCL) and
Lakhisarai Bijlee Company Private Limited (LBCPL) to develop a 1320 MW (2 X 660 MW) Thermal Power Project at Kajra in
Lakhisarai district of Bihar.
7. Nathpa Jhakri Hydro Power Station awarded a gold shield on 4 February 2014 for its meritorious performance in 2013
14.Nathpa Hydro power Station consecutively third time received the award.
Note: The Nathpa Jhakri Dam is a concrete gravity dam on the Satluj River in Himachal Pradesh.
8. INS Vikramaditya enters Indian Navy's area of operation. INS Vikramaditya (R33) is a Project which entered into service
with the Indian Navy in 2013. The ship has been renamed in honour of Vikramaditya, a legendary 1st century BC emperor of
Ujjain, India.
9. Fast Patrol Vessel Abhinav, the Indian Coast Guard Ship commissioned in Kochi
10. GSLVD5 launch places India in elite league of the U.S., Russia, France, Japan and China The GSLV is designed to inject its
passenger spacecraft into the intended Geosynchronous Transfer Orbit with a combination of solid, earthstorable liquid and
cryogenic propellants in its first, second and third stages, respectively.
11. Indian mission to Mars blasts off successfully. The Mars Orbiter Mission, known as "Mangalyaan" .
Note: i. Only the United States, Russia and the European Space Agency have been successful in this mission.
ii. The United States is the only nation that has successfully sent robotic explorers to land on Mars, the most recent being
Curiosity which touched down in August 2012.
iii. Indian Space Research Organisation (ISRO) chairman K.
iv. The satellite is scheduled to reach the Mars orbit in September
2014 and is designed to circle the Red Planet in an elliptical orbit of
366 km X 80000 km.
v. Primary objectives of the Mars mission are to demonstrate Indias technological capability to send a satellite to orbit around
Mars and conduct meaningful experiments such as looking for signs of life, take pictures of the red planet and study Martian
12. IRNSS1A, India's first ever dedicated Navigation satellite launched
blasted off from the Satish Dhawan Space Centre in Sriharikota.
13. INS Vikramaditya set to join Indian Navy . INS Vikramaditya is a Kiev class aircraft carrier which was commissioned by
Russian Navy in 1987 under the name Baku.

14. Missiles:
1. Nuclearcapable 'AgniV' tested for second time. 'AgniV' longrange
ballistic missile. strike range of more than 5000 km
Note: In the Agni (Surface to Surface missile) series, India at present has Agni1 with 700 km range, Agni2 with 2000 km range,
Agni3 and Agni4 with 2500 km to more than 3500 range. Agni V more than
5000 km
1. Prithvi I 150km 2. Prithvi II 350km 3. Prithvi III 350km 600km

Important Days of March/April & May
March 4 World Day of the Fight Against Sexual Exploitation
March 8 International Womens Day
March 13 World Kidney Day
March 15 World Disabled Day
March 15 World Consumer Rights Day
March 21 World Forestry Day
March 21 International Day for the Elimination of Racial Discrimination
March 22 World Water Day
March 23 World Meteorological Day
March 24 World TB Day

5th April National Maritime Day
7th April World Health Day
10th April World Homoeopathy Day (Birth day of Samuel Hanimen)
14th April World Aeronautics and Cosmology Day
14th April Ambedkars Birth Anniversary

17th April World Hemophilia Day
18th April World Heritage Day
21st April Indian Civil Service Day
22nd April Earth Day
23rd April World Books and Copyright Day
24th April Panchayat Divas

May 1: International Labour Day/ Maharashtra Day
May 3: World Press Freedom Day/ International Energy

May 8: World Red Cross Day/ World Thalessemia Day
May9: Victory day
May 11: World Technology Day
May12: International Nurses Day
May 13: National Solidarity Day
May 14:World Migratory Day
May17: World Telecommunication Day
May21 : Anti-Terrorism Day
May 24: Common Wealth Day
May29: Mount Everest Day
May 31: Anti-Tobacco Day


1. DICGC : Deposit insurance and credit guarantee


OLTAS : Online Tax Accounting System is used for Direct
TIN: Tax Information Network
31. CEPA Comprehensive Economic Partnership Agreement

32. DTAA Double Taxation Avoidance Agreement

3. TIN: Tax Information Network
33. ECBs External Commercial Borrowings

4. IMPS: Interbank Mobile Payment Service 34. EEFC Exchange Earner's Foreign Currency
5. BSBDA Basic Savings Bank Deposit Account
35. EFSF European Financial Stability Facility
FCNR(B) Foreign Currency NonResident Bank 36. FEMA Foreign Exchange Management Act
TARC Tax Administration Reform Commission 37. FII Foreign Institutional Investor.
ITEs: IntraGroup Transactions and Exposures 38. FINO Financial Inclusion Network Operation
LCR: Liquidity Coverage Ratio 39. FIPB Foreign Investment Promotion board
NSFR: Net Stable Funding Ratio 40. FSLRC Financial Sector Legislative Reforms
REER: Real Effective Exchange Rate

LRMT: Liquidity risk monitoring tools 41. FTA Free trade agreement
CBS: Core Banking Solution 42. GAAR General anti avoidance rule
DEAF: Depositor Education and Awareness Fund 43. GSLV GeoSynchronous Launch Vehicle
CRAR: Capital to Riskweighted Assets Ratio 44. MSFMarginal Standing Facility
External Commercial Borrowings (ECB) 45. NBFCNon Banking Finance Companies
SWIFT: Society for Worldwide Interbank Financial 46. NCTC National CounterTerrorism Centre

Telecommunication 47. NEFT National Electronic Funds Transfer
FSLRC: Financial Sector Legislative Reforms Commission 48. NSG Nuclear Suppliers Group
MIBOR: Mumbai InterBank Offer Rate 49. PPP Public Private Partnership & Purchasing Power
LIBOR: London InterBank Offer Rate

LAF Liquidity Adjustment Facility 50. PSLV Polar Satellite Launch vehicle
GIRO Government Internal Revenue Order 51. RTGS Real Time Gross Settlement
EEFC Exchange Earner's Foreign Currency 52. SLRStatutory Liquidity Ratio
FRBMA: Fiscal Responsibility and Budget 53. TAPI TurkmenistanAfghanistanPakistanIndia.

Management Act 54. QFI Qualified Foreign Investors
ALM Asset Liability Management 55. VVPAT 'Voter Verifiable Paper Audit Trail'
AMFI Association of Mutual Fund in India. 56. Tax Information Exchange Agreement (TIEA)
TIEA Tax Information exchange Agreement

CAR Cash Adequacy Ratio

29. CCEA Cabinet Committee on Economic Affairs

30. CECA Comprehensive Economic Cooperation Agreement

Highlights of General Elections 2014

Worlds biggest democratic exercise Indias 16
Lok Sabha (Lower House) elections which ran from April, 7 to May 12,
2014 are over and its verdict is out. Of the total 543 seats for which elections were contested, BJP led NDA achieved a
thumping victory on 336 seats, whereas, Congress led UPA has faced thorough defeat in 6 key states winning just 59
seats, and the Congress, 44 seats.

TheAam Aadmi Party (AAP) which contested on 424 seats has faced debacle as it could win just 4 seats. AAP leader and
former Chief Minister of Delhi, Arvind Kejrival, who contested against the Narendra Modi from Varanasi, defeated by a
huge margin of more than 3 lakh votes.

With this NDA victory, BJPs Prime Ministerial candidate Narendra Modi is all set to be the head of the newly elected
Indian Government.
BJP registered its biggest win in Uttar Pradesh winning 71 seats despite a big coalition partner, the best performance

by a single
party in the state since 1984 when the Congress won 83 of 85 seats.

Results Lok Sabha Polls 2014:

Vote Share:

Alliance Vote Share (%)
NDA 35
UPA 23
Others 34

NDA (BJP + Allies) 335

UPA (Congress + Allies) 59

SP 5
JD(U) 2




TOTAL 543/543