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Current Affairs of September 2014

Reserve Bank Governor Raghuram Rajan left all


key rates unchanged citing increased risks to
inflation and difficult external situation
especially on the geopolitical front. The RBI
also retained the growth projection for the
current fiscal at 5.5 per cent. The apex bank
sees FY16 growth at 6.3 per cent.

Bank Rate 9 % (Unchanged)

AIADMK Treasurer O Panneerselvam was


sworn-in as Chief Minister of Tamil Nadu.
He replaced the former AIADMK chief J
Jayalalithaa.

5.

Ashraf Ghani Ahmadzai was sworn in as


president of Afghanistan.
6.
The Bangladesh government appointed
Syed Muazzem Ali as the new Bangladesh
High Commissioner to India.

Cash Reserve Ratio 4 % (Unchanged)


7.
Suresh Prabhu was appointed as
Prime Minister Narendra Modis Sherpa
for the Group of 20 annual Summit 2014. The
G-20 annual summit will be held in Brisbane
from 15 November to 16 November 2014.
Sherpa is a senior official responsible for
preparing the agenda for leaders to consider
during the summit.

SLR 22 % (Unchanged)

Repo Rate 8 % (Unchanged)

Reverse Repo Rate 7 % (Unchanged)

Marginal Standing Rate 9 % (Unchanged)

President Pranab Mukherjee authorised


Vigilance Commissioner Rajiv to act as chief
of Central Vigilance Commission (CVC)
until the appointment of the Central Vigilance
Commissioner.

Justice Handyala Lakshminarayanaswamy


Dattu was sworn-in as the 42nd Chief
Justice of India on 28 September 2014. He
succeeded Chief Justice RM Lodha who
demitted office on

September 2014.

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8. India TV chairman and editor-in-chief


Rajat Sharma was appointed as the new
president of the News Broadcasting
Association (NBA) for the year 2014-2015.
9.
Lieutenant General Rizwan Akhtar
was appointed as the new head of the
Pakistans spy agency Inter-Services
Intelligence (ISI).

10. US President Barack Obama nominated


IndianAmerican Richard Rahul Verma
as the next US
Ambassador to India.
11. Lalitha Kumaramangalam was
appointed as chairperson of National
Commission for Women.
12. Chinese President Xi Jinping appointed
Le Yucheng as China's new Ambassador to
India.
13. Actor Leonardo DiCaprio was
appointed as
United Nations
Messenger of Peace with a special
on climate change.

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Current Affairs of September 2014


14. The International Economic Association
appointed
Kaushik Basu as presidentelect of the association beginning
September 2014. However,
he will
continue to serve as Senior Vice President
and Chief Economist of World Bank.
15.
Meghalaya Governor, Dr. Krishan
Kant Paul was swornin as the Governor of
Manipur.

16.
Senior IAS officer Subhash Chandra
Garg was appointed as the Executive
Director (ED) of World Bank.
17.
Former Chief Justice of India,
Palaniswamy Sathasivam was appointed as
the new Governor of Kerala. He will replace
Sheila Dikshit.

18.
Former U.S. spy agency contractor
Edward Snowden and Alan Rusbridger,
editor of The Guardian won Right Livelihood
Award.

19.
Cricketer Sachin Tendulkar and Steve
Waugh of Australia were selected as
Bradman Honouree 2014.

20. Hindi-language feature film Liar's Dice


was selected for Indias official entry in
the 2015
Oscars Awards for the Best
Foreign Language Film
category. The film is
directed by Geethu Mohandas.
The 87th
Oscar Awards event will take place in the
US on 22 February 2015.
21.
Govind Mishra, the renowned Hindi
author was given the Saraswati Samman
in New Delhi. He was given the Samman for his
novel Dhool Paudhon Par that was published in
2008.

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22.
The World Health Organisation honoured
Bangladesh and Timor-Leste with South East
Asia Regional Award for Excellence in Public
Health.
23.
Court, an Indian movie written and
directed by Indian writer Chaitanya
Tamhane won the Lion of the Future Luigi De
Laurentiis award for a Debut Feature at the
71st Venice Film Festival.
24.
J Jayalalithaa, the Chief Minister of
Tamil Nadu was found guilty in the
disproportionate assets case by the Special
Court in Bangalore. The Court pronounced a jail
term of 4 years and fined 100 crore rupees to
her.

25. The 41st Chief Justice of India (CJI),


Rajendra Mal
Lodha retired.
26.
South Africa denied visa to Dalai Lama
for Nobel Summit. He was scheduled to attend
the 14th world summit of Nobel peace
laureates in Cape Town in October 2014.

27. Taslima Nasreen, the controversial


writer of
Bangladesh in first week of
September was given
a one-year long visa
that allows her to stay in India
till
August
2015.
28.
The President Pranab Mukherjee was on
a visit to Vietnam from 14 to 17 September
2014.

29.
Sushma Swaraj, the Union Minister of
External Affairs and Minister for Overseas
Indian Affairs visited Bahrain.

30. Former
International
cricket
umpire
Mohammad
Ghouse died following a
brief illness.

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Current Affairs of September 2014


31.
The British aid worker, David Haines
was in news as he was beheaded by
Islamic State of Iraq and Syria (ISIS) militants.

32.
Freedom fighter and veteran journalist
Jitendra Chandra Paul.

33.
Prominent Bangladeshi Nazrul Sangeet
singer Firoza Begum died in Dhaka due to
heart and kidney problems.

39.
World population will reach 11 billion by
2100 and it was highly unlikely that global
population will stabilize by the end of 2100
according to UN report.

40. KPMG-FICCI study has ranked India among


top three medical tourism destinations in Asia.
The
other two countries within Asia that
receive
maximum medical tourists are
Thailand and Singapore.
41.
The World Bank Group approved 105
million US dollars grant for Ebola Emergency
Response project to fight Ebola in Guinea,
Liberia and Sierra Leone.

34.
Legendary US comedian and talk-show
host Joan Rivers died.

35. The world`s oldest test cricketer Norman


Gordon
died in Johannesburg. He was a
former South
African international fast
bowler.
36.
Former Attorney General of India
Goolam Essaji Vahanvati died of a heart
attack in Mumbai.

37.
People's Liberation Army (PLA) of China
on 20 September 2014 pitched seven tents at
Point 30R Post in Chumar area of Ladakh within
the Indian Territory.

38.
The Forbes India magazine released The
100 Richest Indian List 2014. As per the list,
the top 100 richest tycoons in India are all
billionaires for the first time.. According to the
Forbes India List, the Top 10 Richest people of
India: 1. Mukesh Ambani; 2. Dilip Shanghvi; 3.
Azim Premji; 4. Pallonji Mistry; 5. Lakshmi
Mittal; 6. Hinduja brothers; 7. Shiv Nadar; 8.
Godrej family; 9. Kumar Birla; 10. Sunil Mittal.

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42. UN Climate Change Summit 2014 was held


at UN headquarters in New York on 23
September 2014
to put the planet on course
towards reversing global
warming.
The
purpose of the 2014 Climate
Summit was
to raise political momentum for a meaningful
universal climate agreement in Paris in 2015.
43.
The G-20 Labour and Employment
Ministerial meet was held at Melbourne,
Australia.

44.
The two brothers, Achin and Sarthak
Narula of Delhi became the first ever
contestants to win 7 crore rupees in the
television show, Kaun Banega Crorepati, hosted
by Amitabh Bachchan.

45. Australian Prime Minister Tony Abbott


returned two stolen antique statues of
Hindu deities to Indian Prime Minister
Narendra Modi. One of the idols is a
Nataraja, the dancing Shiva that belongs to
the Chola dynasty of 11th-12th century.
The other sculpture is of Ardhanariswara
which represents Shiva in half-female form.
It belonged to the 10th century.

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Current Affairs of September 2014


46.
The revived Nalanda University
started its first session with 15 students
in its makeshift campus at the Buddhist pilgrim
town of Rajgir, about 100 km from Patna.

47.
Operation Megh Rahat a rescue
operation undertaken by Indian Army during
Jammu and Kashmir floods Indian Army on 19
September 2014 completed rescue Operation
Megh Rahat in Jammu and Kashmir.

48.
SRPF (Special Rhino Protection Force) is
to be setup to protect Rhinos from poaching in
Assam. It will be created in Assam with the
help of Central funds.

49.
Barauni bound Lucknow Barauni
express collided with the coaches of Lucknow
bound Maduadih-Lucknow Krishak Express near
Gorakhpur station at Nandnagar railway
crossing.
50. Bollywood actor Naseeruddin Shah
released his autobiography And then
One Day: A Memoir.
51.
50 years of man in space was
authoured by Garik Israelien, Brian May
and David J Eicher.

52.
The Supreme Court of India formed a
five member committee to evaluate the
damage caused by devastating floods in
Jammu and Kashmir (J&K) in September 2014.

53.
H Devaraj Committee reported that
most of the deemed universities are not fit for
being a university. It said that out of 41 C
category deemed universities only 10
universities are found to be fit for being a
university.

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54.
Union Finance Minister Arun Jaitley
constituted H R Khan panel to assess the
amount of unclaimed deposits in the PPF
accounts and Post Office saving schemes.

55. Bombay High Court set up V V Daga


Committee to conduct forensic audit of
NSEL and liquidate the assets of its
defaulting borrowers in the over 5500
crore rupees payments scam.
56.
Sivaramakrishnan committee
constituted by the Union Government to
suggest the place to build the capital city of
Andhra Pradesh submitted its report.

57.
Union Government declared 25
September as Antyodya Diwas. Antyodya
diwas was observed to mark the 98th
birth anniversary of Pandit Deendayal
Upadhyay.

58.
National Hindi Divas (Hindi Day) was
observed across India on 14 September 2014.

59.
The India-US Combined Military
Training

Exercise Yudh Abhyas 2014 concluded at


Ranikhet in Uttarakhand.
60. Indian Air Force gifted a vintage Dakota
aircraft from its museum to Bangladesh Air
Force.
61.
Strategic Force Command of India
successfully test-fired nuclear weapons capable
ballistic missile Agni-I with a range of 700 Km.
The missile was launched from the Integrated
Test Range (ITR) at Wheeler Island, Balasore off
the Odisha Coast.

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Current Affairs of September 2014


62.
Indias first Air Veteran Rally was held at
the Air Force Auditorium, Subroto Park in New
Delhi.

63.
India's largest naval offshore patrol
vessel INS Sumitra was commissioned into
Indian Navy.

64.
Indo-Nepal joint military exercise Surya
Kiran-VII concluded on 31 August 2014 at
Pithoragarh.

65. The Union Ministry of New and Renewable


Energy announced the organisation of the
first Renewable Energy Global Investors
Meet & Expo (RE-INVEST). The meet is
scheduled to be held on 15 February 2015
in New Delhi.
66.
Prime Minister Narendra Modi launched
the country's biggest-ever cleanliness drive
that is expected to cost over Rs 62,000 crore,
asserting that the "Swachh Bharat" mission is
"beyond politics" and inspired by patriotism.
The Cabinet had last month decided to merge
the 'Nirmal Bharat Abhiyan', a campaign for
rural sanitation with Swachh Bharat Mission.

67. Prime Minister Narendra Modi has directed


the Unique Identification Authority of India
(UIDAI) to ensure universal coverage
under Aadhaar by June 2015. The current
Aadhaar enrolment is about 68 crore,
which means over 50 crore people will
have to be brought under its ambit within
the next eight months. Last month, the
union cabinet set a target of 100 crore
enrolment under Aadhaar by the end of
next year.

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68.
Targeting a five-fold jump in Indo-US
trade to USD 500 billion, Prime Minister
Narendra Modi and US President Barack Obama
pledged to deepen economic cooperation and
will set up a joint program to boost business
investment.

69.
US government welcomes India's offer
for US industry to be the lead partner in
developing smart cities in Ajmer (Rajasthan),
Vishakhapatnam (Andhra Pradesh) and
Allahabad (Uttar Pradesh).

70. US President Barack Obama and Indian


Prime Minister Narendra Modi agreed to
deepen US-Indian cooperation on maritime
security to ensure freedom of navigation in
what amounts to a response to China's
naval muscle-flexing in Asia.
71.
India and the US decided to set up an
inter-agency contact group to address liability
and technical issues hindering installation of
American-origin nuclear reactors in India.

72.
India and US agreed to extend their
defence agreement for another 10 years which
is expected to give a big boost to cooperation
in this key area between the two countries.

73.
The government announced setting up
of four task forces to lay down the roadmap for
developing four new regulatory agencies
Public Debt Management Agency (PDMA),
Financial Sector Appellate Tribunal (FSAT),
Financial Data Management Centre (FDMC) and
Resolution Corporation (RC).

74.
PM Narendra Modi and President Barack
Obama issued an India and the US vision
statement "Chalein Saath Saath: Forward
Together We Go" promising that their "strategic

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Current Affairs of September 2014


partnership" would work to combat terror
threats and prevent the spread of weapons of
mass destruction.
75. The government is planning to introduce a
fresh Bill in the winter session of
Parliament to repeal over a 1,000 archaic
laws in the financial, social, land and
infrastructure sectors.
76.
The next Parvasi diwas will be held in
Ahmedabad in January 8-9 next year. The
Pravasi Diwas will coincide with the 100 years
of coming back of Mahatma Gandhi next year.

77. Standard & Poors improved its rating


outlook for India to stable from negative
even as it retained the credit rating at
BBB-. Among the other major rating
firms, Moodys maintains Baa3 rating for
India with stable outlook while Fitch rates
the countrys creditworthiness at BBB- with
a stable outlook.

78.
Standard and Poor's warned that it could
downgrade rating of crisis ridden Syndicate
Bank if its asset quality deteriorates. It has
raised the rating outlooks on 11 Indian banks
and financial institutions to stable from
negative. These include, Bank of India, HDFC
Bank, ICICI Bank, IDBI Bank, Indian Bank, IDFC,
Kotak Mahindra Bank, Kotak Mahindra Prime,
State Bank of India and Union Bank of India.

79.
Revising India's GDP upwards by 0.3 per
cent to 6.3 per cent in 2015, Asian
Development Bank (ADB) has said the
economy shows a new promise of turnaround
after the election brought a stable government
in May.

80. In a bid to make the country a


manufacturing
hub,
Prime
Minister
Narendra Modi promised easy an effective

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governance to enable ease of doing


business as he launched the 'Make in India'
campaign.
81
Mumbai has emerged as the least
expensive city in the world to live and work in,
according to a latest real estate analysis.
British capital London has overtaken Hong
Kong as the most expensive city to rent living
and working space.

82.
The Union government said the
proposed Goods and Services Tax could
become a reality from April 1, 2016. The
finance ministry is set to introduce the
Constitution (115th Amendment) Bill in the
winter session.

83.
India and China inked 12 pacts in a
range of areas including railways and outer
space as Beijing pledged investments of USD
20 billion over five years in a bid to boost
economic ties and address India's concerns
over trade deficit.

84.
The Indian Railways will get assistance
from its counterpart in China for semi-high
speed corridors, which allow trains to run at a
speed of up to 200 km per hour.

85. India has retained its sixth position in


terms of number of billionaires with 100
such people collectively having USD 175
billion in networth, while globally the
number of uber-rich has reached a record
high of 2,325 persons according to the
Wealth-X and UBS Billionaire Census 2014.
86. PSU oil marketers not only wiped out their
under-recovery on diesel in the fortnight
ended September 15 but also reported a
marginal over-recovery of 35 paise a litre
on its sales. The development, mainly due
to monthly price hikes since January 2013

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Current Affairs of September 2014


and also helped hugely by a relatively low
global crude oil price.
87. Pension Fund Regulatory and Development
Authority has set up a panel of experts,
headed by former Sebi chief GN Bajpai, to
review investment norms for National
Pension System (NPS) schemes for the
private sector.
88.
Industrial and infrastructure project
proposals will get security clearance within 12
weeks as the Home Ministry has streamlined
the process by issuing a detailed guideline in
this regard.

89.
To sort out the liability issue plaguing
Indian nuclear reactors, the Centre has asked
General Insurance Company (GIC) to work on a
model that could be applied to insure such
facilities in the country.

90. A new index Creative Productivity Index


(CPI) ranks Japan as the most efficient
among Asian countries while Myanmar,
Pakistan and Cambodia are least efficient.
India is at 14th rank. The Asian
Development Bank said it developed the
index with the Economist Intelligence Unit
to give policymakers a tool to assess how
best to foster innovation and creativity in
Asian economies.
91.
With the target of providing houses for
all by 2022, a new integrated National Housing
Mission will be launched soon by merging some
of UPA's flagship schemes like JNNURM and
Rajiv Awas Yojana.

92.
Boeing has delivered the fifth maritime
patrol aircraft P-8I to India as part of a deal for
eight aircraft to support the Indian Navy's
maritime patrol requirements.

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93.
Finance minister Arun Jaitley is unlikely
to attend the G-20 finance ministers and
central bank chiefs meeting in Cairns,
Australia, on September 20 and 21, as he is
recovering from a diabetes management
surgery. Minister of state (finance and
commerce) Nirmala Sitharaman will attend the
meeting instead.

94.
The Expenditure Management
Commission headed by Bimal Jalan, will submit
its interim report by January, in time for its
recommendations to be incorporated in the
FY16 Budget.

95. Rating agency Moody's said prospects


have brightened with growth rate expected
to accelerate to 5.2 per cent in 2014 and
6.5 per cent by end of 2015.
96. The Cabinet Committee on Economic
Affairs has cleared sale of government's
11.36 per cent in NHPC. The government
also gave a go- ahead to the much-awaited
10 per cent stake sale in Coal India Ltd,
which could fetch over Rs 23,000 crore to
the exchequer. Government also cleared 5
per- cent disinvestment in oil major ONGC,
which may fetch the exchequer about Rs
18,000 crore.
97.
RBI said guarantors, group firms and
management can also be classified as wilful
defaulters by lenders. If the guarantor refuses
to comply with the demand made by the
banker despite having sufficient means to
make payment of the dues, such guarantor
would also be treated as a wilful defaulter.
98.
The NDA government has decided to
start negotiations for a free-trade agreement
(FTA) with Peru.

99.
India has signed the free trade
agreement (FTA) in services and investments

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Current Affairs of September 2014


with the 10-member Association of Southeast
Asian Nations (Asean).

100. Declaring the Jammu and Kashmir floods


as "national level disaster", Prime Minister
Narendra Modi announced Rs 1,000 crore as

special assistance for rehabilitation.

101.Seven years after the then Australian


Prime Minister John Howard decided to sell
uranium to India. India and Australia signed the
civilian nuclear cooperation agreement.

102.Andhra Pradesh Chief Minister N


Chandrababu Naidu announced that the new
capital of the state would be located "around
Vijayawada".

103. India is among the worst- ranked


countries when it comes to taxation and
inflation burden on economy, as also in
terms of the negative impact of crime,
terrorism and health hazards on business
environment, a WEF report said. Out of 144
countries analysed by the World Economic
Forum, India ranks 133rd in terms of
inflation, 130th for taxes and 131st for
starting a business. Switzerland has
retained its top slot.
104. India will get $35 billion from Japan
over the next five years for development
projects, including building of smart cities and
next generation infrastructure.

105. Japan offered to provide financial,


technical and operational support to India
for introduction of bullet trains. The two
Prime Ministers look forward to the

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completion of the Joint Feasibility Study on


High
Speed
Railway
system
on
AhmedabadMumbai route.
106. Prime Minister Narendra Modi signed
Memorandum of Understanding (MoU) with
Japanese PM Shinzo Abe to turn Varanasi
into a smart city with help from Kyoto.
107. The much-awaited minimum
monthly pension of Rs.1,000 and a higher
wage ceiling of Rs.15,000 for social security
schemes run by retirement fund manager
Employees Provident Fund Organisation (EPFO)
will be implemented from September 1.
108. Ms. Mridula Sinha will be administered
oath of office as the Governor of Goa.
109. Bharatiya Janata Party leader Ch.
Vidyasagar Rao was sworn in as Maharashtra
Governor. His appointment followed the
resignation of UPA appointed K.
Sankaranarayanan.

110. A four-member high-level committee has


been set up under the former Cabinet
Secretary T.S.R. Subramanian to examine
five laws administered by the Union Ministry of
Environment, Forests & Climate Change.
111. Iran unveiled a new surface-to-air
Talash-3 (Effort-3, in Persian) missile and two
radar

systems Arash-2 and Kayhan.

112. The Department of Personnel and


Training has notified amendments giving
autonomy to the Lokpal search committee to
shortlist and recommend names independently
for selection of Chairman and members of the
anti-corruption body.

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Current Affairs of September 2014


113. Mumbais Esplanade House, once the
residence of Jamsetji Tata, founder of the Tata
empire, and the Shri Sakhargad Nivasini Devi
Temple Complex in Satara are among the 14
projects from 10 countries that bagged the
UNESCO Asia-Pacific Heritage Awards that were
announced in Bangkok.
114. India and Bangladesh have reached a
decision on ratification of the Land Boundary
Agreement (LBA) and ensure zero border
killings.

115. China will set up two industrial parks in


India, one each in Gujarat and
Maharashtra.
116. Tata Consultancy Services has
reappointed N Chandrasekaran as Chief
Executive Officer and Managing Director for a
five year term.

117. Bihar is the fastest growing State while


Tamil Nadu is the worst performer, the latest
data released by the Central Statistics Office
(CSO) has revealed. Bihars Gross State
Domestic Product (GSDP) grew 10.73 per cent
during 2012-13. The second-best performing
State is

Madhya Pradesh, which grew at 9.89 per cent.


Delhi is third with a growth rate of 9.33 per
cent.

118.Tezu in Arunachal Pradesh; Kishangarh in


Rajasthan; Jharsuguda in Odisha; and Hubli and
Belgaum in Karnataka will soon get no-frills
airports.

Kolkata-born British author Neel Mukherjees


latest novel The Lives of Others has been

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shortlisted for the prestigious Booker Prize


2014.

120. The Indian economy will grow at a rate of


5.6 per cent in 2014 according to United
Nations Conference on Trade and Development
(UNCTAD) said.
ICICI Bank launched Instant Money
Transfer. In which customer can now
transfer money from their account to
anyone in India with a

mobile number.

122. Meghalaya Governor Krishan Kant Paul


has been given additional charge of
Manipur and Mizoram.

123. The European Union (EU) decided to slap


new economic sanctions on Russia over its
actions in Ukraine.

124. Paypal will start accepting bitcoin


payments through its subsidiary, Braintree, the
company has announced.

125. Haryana and Maharashtra will hold


elections on October 15, with counting of votes
on October 19, as per the schedule announced
by the Election Commission.

126.China will be the focus country for the


45th International Film Festival of India (IFFI)
2014, scheduled to be held in Goa between
November 20 and 30.

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Current Affairs of September 2014


Retail inflation moderated slightly to 7.8 per
cent in August from 7.96 percent in July.
India and Vietnam signed seven agreements,
including one for enhanced cooperation in the
oil sector. ONGC Videsh Limited (OVL) and

Vietnam Oil signed a Letter of Intent (LoI)


for jointly exploring two more blocks.

India has warmed to the idea of the BCIM


(Bangladesh-China-India-Myanmar) corridor
that could prove to be a game-changer in
regional linkages among the four countries.
The BCIM corridor, long promoted by China, is

intended to link Kunming to Kolkata, Mandalay


(Myanmar), Dhaka and Chittagong.

130. Chinese President Xi Jinping made a


special announcement on opening a new route
for pilgrims to Kailash-Mansarovar in the
Tibetan Autonomous Region.
131. The Export-Import Bank of China (China
Exim Bank) and the China Development Bank
Corporation (CDB) signed various agreements
with SBI, ICICI Bank and Axis Bank.

133. The government has set up a high-level


committee headed by Bibek Debroy to
reconfigure the Railway Board as well as to
suggest steps for resource mobilisation for
major projects.

134.The government postponed the decision


on revising natural gas prices till November 15.
NDA government had deferred the
implementation of the Rangarajan formula,
approved by the previous UPA-regime, till
September 30.
135. The Supreme Court cancelled 214 coal
blocks allocated since 1993.
136.Bamiyan has been selected to be the
SAARC cultural capital for a year beginning
April 2015. Dhaka will be the SAARC cultural
capital in 2016-17. The year 2016-17 will also
be declared the SAARC Year of Cultural
Heritage.

Cricket legend Kapil Dev has been honoured


with a Lifetime Achievement award at a
ceremony in the House of Lords in London.

138. Chief Minister Prithviraj Chavan resigned


from his post a day after the Nationalist
Congress Party (NCP) withdrew support to his
government and reduced it to a minority.

Public sector banks (PSBs) in India will need to


raise up to $37 billion over the next 4-5 years
to meet Basel III compliance norms, credit
rating

agency Moodys said.

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