This GK Capsule has been prepared by Mr Sumit Yadav - Senior GK Faculty at Career Power Institute Delhi

(Formerly Known as Bank Power). This has been prepared on the basis of news and events appeared in The
Hindu Newspaper in the month of September 2013.

1. Raghuram Rajan, in his maiden policy review as 10. Deepak Sandhu became the first woman Chief
Governor of RBI hiked the repo rate by 25 basis Information Commissioner. She replaced
points to 7.50 per cent. RBI also rolled back the Satyananda Mishra.
marginal standing facility rate by 75 basis points
from 10. 25 per cent to 9.50 per cent. Minimum
daily maintenance of the cash reserve ratio (CRR)
was rolled back from 99 per cent to 95 per cent.
New Rates are :-
a. Bank Rate – 9.5 % (Decreased 0.75%)
b. Cash Reserve Ratio – 4 % (Unchanged)
c. Statutory Liquidity Ratio – 23 % (Unchanged)
d. Repo Rate – 7.5 % (Increased 0.25%)
e. Reverse Repo Rate – 6.5 % (Increased 0.25%)
f. Marginal Standing Rate - 9.5 % (Decreased
0.75%)
2. Former Foreign Secretary Ranjan Mathai was
appointed as India's High Commissioner to the
United Kingdom.
3. Ranjib Biswal was appointed as chairman of the IPL
during the Annual General Meeting of the Board of
Control for Cricket in India (BCCI) at Chennai. Ranjib
Biswal was replaced Rajeev Shukla.
4. Ruchira Kamboj was appointed as the Permanent
Representative of India to UNESCO, Paris with the
rank of Ambassador.
5. Ravindra Kumar, Editor of The Statesman was
elected as President of The Indian Newspaper
Society for the year 2013-14.
6. Sri Srinivasan was sworn in as a first Indian-
American judge of the US Courts of Appeal for the
District of Columbia Circuit.
7. The Association of Mutual Funds in India (AMFI)
appointed Sundeep Sikka, Reliance MF President
and Chief Executive, as its Chairman. 11. Prime Minister Manmohan Singh appointed Rakesh
8. Government of India appointed Justice Vangala Sood as his new Special envoy for Disarmament and
Eswaraiah, former Acting Chief Justice of Andhra Non-Proliferation.
Pradesh High Court as the Chairperson of the 12. Ravi Shankar Narsimhan was presented with
National Commission for Backward Classes. Friendship award by China - the highest honor given
9. The National Spot Exchange Limited appointed Saji to foreigners.
Cherian as the new Managing Director and Chief
Executive Officer of the company.
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13. Malala Yousafzai presented with the 2013 Peter J.
Gomes Humanitarian Award (Harvard Humanitarian
of the year) by Harvard University.
14. Pond's Femina Miss India World 2013 Navneet Kaur
Dhillon won the Multimedia Award at the Miss
World 2013 in Indonesia.
15. The University of British Columbia’s Faculty of Law
presented Anna Hazare with the inaugural Allard
Prize for International Integrity at Vancouver,
Canada.
16. Former South African President Nelson Mandela
presented with a humanitarian achievement award
for his contribution to South-South cooperation and
sustainable development.
17. India environmentalist Bunker Roy and Pakistan's
teenage education activist Malala Yousafzai
declared as winners of the Clinton Global Citizens
Awards for the year 2013.
18. Bollywood superstar Aamir Khan selected for a US
award for his television show Satyamev
25. The Lowland, the book of Jhumpa Lahiri was
shortlisted among the six books for the Man Booker
Prize 2013.
26. Haraprasad Das was conferred the Moortidevi
Award for 2012 for Vamsha. Vamsa is a poetic
recreation of the Mahabharata in contemporary
idiom.
27. Rajnath Singh, the Bharatiya Janata Party President
became the campaign committee chief for the 2014
Lok Sabha polls.
28. The Ministry of Health and Family Welfare
announced former Indian cricket team captain
Rahul Dravid as brand ambassador for its National
Tobacco Control Campaign.
29. Megan Young of Philippines was crowned Miss
World 2013 in Bali, Indonesia. Miss France, Marine
Lorphelin finished as the first runner-up.
30. India's Navneet Kaur Dhillon finished among the top
20 finalists but couldn’t reach final ten. She won the
title of Miss Multimedia.
31. UN-backed special court in The Hague upheld war
crimes convictions of Liberian President Charles
Taylor. He was sentenced in May 2012 for helping
39. The Prime Minister of Bhutan, Lyonchhen Tshering
Tobgay visited India. During this visit, India
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Jayate along with eminent American
director Kathryn Bigelow and the International
Center on Nonviolent Conflict (ICNC).
19. The President of India Pranab Mukherjee presented
the National Communal Harmony Award for the
year 2011 to Janab Haji Abdul Bari and Khamliana
and for the year of 2012 to Foundation for Amity
and National Solidarity.
20. Miss Nigeria, Obabiyi Aishah Ajibola won the Miss
Muslimah World contest which was organised by
the World Muslimah Foundation in Jakartha,
Indonesia.
21. Indian freedom fighter Jawaharlal Darda was
posthumously conferred a Lifetime Achievement
Award at UK's House of Commons.
22. Malala Yousafzai and Harry Belafonte were jointly
awarded with Amnesty International's Ambassador
of Conscience Award for 2013.
23. National Thermal Power Corporation (NTPC) was
awarded Indira Gandhi Official Language Award for
propagation of Rajbhasha.
24. Ellen Johnson Sirleaf, the Liberian President was
conferred with the Indira Gandhi Prize for Peace,
Disarmament and Development 2012 by the
President of India.
rebels who committed atrocities in Sierra Leone
during its civil war.
32. Indian cricketer Virat Kohli was appointed as the
brand ambassador of the Border Security Force.
33. Indian-origin American, Nina Davuluri became the
first Indian-origin contestant to win the Miss
America pageant in Atlantic City, New Jersey.
34. Anjana Padmanabhan from Bangalore became the
first winner of the Sony TV's singing reality show
Indian Idol Junior.
35. Aga Khan, a Swiss-Born Philanthropist and Muslim
Spiritual Leader visited India.
36. External Affairs Minister of India Salman Khurshid
paid an official visit to Kyrgyz Republic and
Uzbekistan.
37. 13th Shanghai Cooperation Organization (SCO)
Council of Heads of State Summit held in Bishkek,
Kyrgyzstan. Salman Khurshid attended it. India has
been an Observer at the SCO since 2005.
38. The President of the Republic of Liberia, Ellen
Johnson Sirleaf paid an official visit to India since 9
September 2013 to 13 September 2013 at the
invitation of the President of India.
announced 5000 Crore Aid for Bhutan's
Development Work.
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40. Freedom fighter Ranjit Singh died. He was close
associate of Netaji Subhas Chandra Bose.
41. Mohan Singh, the veteran Samajwadi Party
politician died.
42. Ken Norton, the former heavyweight champion died
in USA.
43. British broadcaster and writer David Frost died in
England.
44. Jiyo Parsi, the Central Sector Scheme for containing
population decline of Parsis in India launched by the
Ministry of Minority Affairs, Government of India.
45. UPA Chairperson Sonia Gandhi launched Ahimsa
Messenger Programme - an initiative to curb
violence against women at New Delhi.
46. A high-level panel headed by Arvind Mayaram that
looked into alleged irregularities at the National
Spot Exchange Limited (NSEL) submitted its report
to Government.
47. U.N. chemical investigators confirmed the use of
Sarin nerve agent in 21 August 2013 poison gas
attack outside the Syrian capital Damascus. The
investigation team headed by Ake Sellstrom of
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Sweden submitted its report to UN Secretary-
General Ban Ki-moon.
48. India's first ever Naval and Maritime Exposition and
Conference, NAMEXPO 2013 concluded on 27
September 2013 at Cochin, Kerala.
49. The Indo-Japan Monorail and Light Rail Transit (LRT)
seminar was held at New Delhi.
50. Nuclear capable Intercontinental ballistic missile
with range 5000 Km, Agni-5 was successfully test
fired from Chandipur Test Range in Balasore district
Wheeler Island.
51. Tony Abbott will be sworn in as the 28th prime
minister of Australia after clinching an historic
victory and ending six years of Labor rule.
52. The Reserve Bank of India will issue inflation-
indexed savings certificates which will be linked to
Consumer Price Index (CPI) by November 2013 as a
means to protect households against inflation.
53. Reserve Bank of India allowed the Non-Resident
Investors including NRIs to purchase shares of
Indian entities Under FDI Scheme.
54. Tata Communications Payment Solutions (TCPS) is
the first company to launched first white label ATM
(WLA) at Chandrapada near Mumbai. It has been
branded 'Indicash' by the company.
55. The International Olympic Committee has asked the
Indian Olympic Association to drop charge-sheeted
members by October 31 to enable its return to the
Olympic family. The international body wants IOA to
hold fresh elections by December 15.
56. India and Japan have decided to more than triple
their bilateral currency swap arrangement from
USD 15 to USD 50 billion.
57. India has slipped to 60th position in terms of its
competitiveness globally, while Switzerland has
retained its top rank according to Global
Competitiveness Report 2013-2014.
58. Zubin Mehta was conferred the prestigious Tagore
Award for Cultural Harmony by President Pranab
Mukherjee in New Delhi. He is the second recipient
after Sitar maestro late Pandit Ravi Shankar.
59. Indian writer Sushmita Banerjee was shot dead in
Afghanistan by militants.
60. Angelina Jolie is to receive an Honorary Oscar in
recognition of her humanitarian work, the Academy
of Motion Picture Arts and Science. Jolie was
appointed as a special envoy to the United Nations’
High Commissioner for Refugees in 2012.
61. G-20 held at St. Peters burg in Russia. Indian Prime
Minister Manmohan singh attended it.
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62. Ronald Coase, the British-born US economist who
was awarded the Nobel prize in 1991, died in
Chicago.
63. India and Japan agreed to "intensify" their
negotiations on the civil nuclear pact towards an
early conclusion at a high-level official meeting in
Tokyo.
64. Tommy Morrison, the former heavy weight
champion, who was diagnosed positive for HIV died.
65. Microsoft said it will acquire Nokia's handset
business for 5.44 billion euros (USD 7.17 billion) in
cash, in an effort to strengthen its position in the
smartphone market.
66. The 3rd India-Republic of Korea (ROK) Foreign Policy
and Security Dialogue (FPSD) was held in Seoul on 2
September 2013. It was agreed that the 4th India-
ROK Foreign Policy and Security Dialogue will be
held at New Delhi in 2014.
67. Diana Nyad American long-distance swimmer
became the first person to cross Florida Straits from
Cuba without any shark cage.
68. Pakistan and China are conducting a joint exercise
of their Air forces. The joint drill is being conducted
in Xinjiang Uygur Autonomous Region. The exercise
has been code-named Shaheen-2.
69. Rajya Sabha member and Congress leader, Rasheed
Masood, was sentenced to four years in jail by a
Delhi court in a corruption case, becoming the first
MP to lose his seat after a recent Supreme Court
judgement had removed the immunity for
convicted lawmakers.
70. Rashtriya Janata Dal chief Lalu Prasad was held
guilty in a fodder scam case by a Special CBI court
and renders him ineligible for contesting elections
for at least six years.
71. Economic Offence Wing of Mumbai filed an FIR
against Jignesh Shah-led Financial Technologies for
irregularities in National Spot Exchange (NSEL).
72. Leaders of the BRICS announced to set up a 100
billion US dollar fund to steady currency markets.
Brazil, India and Russia committed 18 billion dollars
each while China announced 41 billion US dollars.
South Africa announced 5 billion US dollars.
73. Narayanaswamy Srinivasan was re-elected as the
President of the Board of Control for Cricket in India
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(BCCI) for a third term at its annual general meeting
held at Chennai.
74. India and the USA clinched the first commercial
agreement on civilian nuclear power cooperation.
75. Asian Development Bank will lend $500 million to
set up a transmission network that will carry power
from clean energy projects in Rajasthan. Rajasthan
Renewable Energy Corporation is developing the
Bhadla solar park.
76. Japan will promote "womenomics" -- a theory
which asserts that the advancement of women in
society is directly correlated with its growth rate --
and give over $3 billion of official development
assistance (ODA) in the next three years.
77. India's financial capital Mumbai has been named
the world's second-most honest city out of 16 cities
worldwide. Finland capital Helsinki bagged the top
spot, while Lisbon, the capital of Portugal, proved to
be the least honest. This is survey by Reader's
Digest magazine.
78. The Reserve Bank of India has set up a committee
headed by Nachiket Mor on comprehensive
financial services for small businesses and low-
income households.
79. The Bombay Bullion Association would host the
first-ever India International Bullion Summit, IIBS in
Mumbai on October 5th.
80. Vijay Keshav Gokhale has been appointed as India's
next Ambassador to Germany.
81. Hun Sen who has been in power for 28 years, was
sworn as Cambodian prime minister for another
five-year term.
82. Joint military exercises in general combat and
mountain warfare between India and Nepal began
in Pithoragarh in Uttrakhand.
83. All new credit card swipe machines and automated
teller machines (ATMs) will be required to have a
mechanism for Aadhaar authentication using
biometrics.
84. 7th India Russia meeting on trade and investment
was held at St. Petersburg , Russia.
85. Union Ministry of Minority Affairs, Government of
India on 23 September 2013 launched scheme
seekho-aur-kamao for Skill Development of
Minorities.
86. Tata Sons have signed an agreement with Singapore
Airlines to set up a new airline in India. Tata Sons
will control the majority 51 percent stake, while
Singapore Airlines will own 49 percent.
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87. Pakistan prime minister Nawaz Sharif and Indian
prime minister Manmohan Singh met on the
sidelines of the UN General Assembly.
88. Even as the Ministry of Information and
Broadcasting has made repeated public appeals to
the TRAI to reconsider limiting ad time to 12
minutes per hour on television, the regulator is firm
on enforcing the rule from 1 October.
89. RBI has decided to open a forex swap window to
meet the entire daily dollar requirements of three
public sector oil marketing companies — IOC, HPCL
and BPCL.
90. Following the success of the direct benefit transfer
(DBT) scheme in 20 districts, the government has
decided to go for a massive rollout in 269 more
districts from September 1, in a phased manner to
cover LPG consumers for cash subsidy payment.
91. GDP growth decelerated further to 4.4 per cent in
the first quarter (April-June) quarter of the current
fiscal.
92. MCX Chairman Venkat Chary quit following the
implementation of new guidelines. R.M.
Premkumar appointed as interim Chairman of MCX.
93. The Environment and Forests Ministry has slapped a
Rs. 200 crore penalty on Gautam Adani’s Mundra
multi-purpose projects for violating green laws.
94. The government is considering giving the Union
Territory status to Hyderabad — the proposed joint
capital of Andhra Pradesh and Telangana for 10
years. The high-level committee, headed by
Defence Minister A.K. Antony was still deliberating
on the contentious issue.
95. INS Vikramaditya, previously known as Gorshkov in
Russian Navy, will be handed over to the Indian
Navy on November 15 at a formal ceremony in the
Russian.
96. Venezuela’s main power distribution network failed
on 3rd September, depriving 70 per cent of the
country of electricity and creating traffic chaos in
much of Caracas.
97. The 7th International Earth Science Olympiad (IESO)
commenced on the Infosys campus in Mysore on
September 11.
98. Kenyan lawmakers backed a motion to pull out of
the International Criminal Court.
99. Moody’s Investors Service downgraded
subordinated debt ratings of 11 Indian banks,
including SBI, ICICI Bank and HDFC Bank.
100. Final G-20 declaration took care of key concern that
the central banks of the developed world have
agreed to calibrate and communicate their
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monetary policies to the developing economies to
minimise volatility in capital flows and currencies.
101. The Lok Sabha approved the Rajiv Gandhi National
Aviation University Bill, 2013 to set up the country’s
first aviation university in Congress president Sonia
Gandhi’s Rae Bareli Lok Sabha constituency in Uttar
Pradesh.
102. A Bill seeking to prohibit employment of individuals
as manual scavengers by prescribing stringent
punishment, including imprisonment up to five
years, was passed by Parliament.
103. Tokyo won the right to host the Olympic Games for
the second time in 2020.
104. Iran plans to send its second monkey into space
onboard home-made rocket Pishgam (Pioneer) II
within 45 days.
105. Akhilesh Yadav government appointed a one-man
inquiry commission headed by retired High Court
judge Vishnu Sahay to probe the causes behind
Muzaffarnagar riots.
106. The Forward Markets Commission will be overseen
by the Ministry of Finance instead of the
Department of Consumer Affairs under the Ministry
of Food.
107. The Indian Election Observers team came at the
invitation of the Elections Commission of Maldives
to observe the presidential elections on September
7.
108. Mr. Gopalaswami was in Sri Lanka as an observer of
SAARC team in the Sri Lanka’s Northern Province.
109. Mamnoon Hussain was sworn in as Pakistan’s 12th
President. He replaced Asif Ali Zardari. Mr. Hussain
was born in Agra in 1940.
110. Bangladesh decided to take legal action against Dr.
Muhammad Yunus. Government also decided to
bring Nobel Prize winning Grameen Bank under the
central bank’s jurisdiction amid controversy.
111. German Thomas Bach was elected president of the
International Olympic Committee (IOC). He
succeeds Belgium’s Jacques Rogge.
112. After three days of intensive talks in Geneva, Russia
and the United States have reached an agreement
on a timetable for the swift elimination of Syria’s
stockpiles of chemical weapons.
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113. Russia has taken a “principled” decision to sell Iran
an improved version of the S-300 air defence
missiles and to build a second nuclear reactor at
Bushehr.
114. The Union Cabinet approved a second vehicle
assembly building at the Satish Dhawan Space
Centre at Sriharikota.
115. Union Ministry of Women & Child Welfare has
drawn up a national plan Titled “Shubh” under the
Nirbhaya Fund to provide protection to vulnerable
women.
116. BJP named Narendra Modi as its prime ministerial
candidate for the 2014 Lok Sabha election.
117. Prime Minister’s Economic Advisory Council scaled
down its GDP growth projection for the current
fiscal to a more realistic 5.3 per cent from 6.4 per
cent estimated earlier. The PMEAC expects
agriculture and industry to grow by 4.8 per cent and
2.7 per cent, respectively while the growth of the
services sector is pegged lower at 6.6 per cent for
this fiscal.
118. The Defence Ministry gave its nod for purchase of
six more C-130J “Super Hercules” aircraft from the
United States in a deal worth over Rs. 4,000 crore.
119. Ministry of Environment and Forests will counter
pressure from the USA to phase out the use of the
refrigerant gas — Hydrofluorocarbons (HFCs) — in
refrigerators and air-conditioners on grounds that
there is no “environment-friendly, technically
proven and economically viable” alternative 123. The Republic of Latvia will start its embassy in New
available. U.S. is exerting pressure on India to enter Delhi from January 1, the day when the nation will
into a pact under the Montreal Protocol to phase enter the Euro zone. Latvian currency ‘lats’ would
out HFCs. disappear and be replaced by euro coins on January
120. India’s prestigious 500 MWe Prototype Fast Breeder 1, 2014. Latvia will be the 18th out of 28 European
Reactor (PFBR) under development at Kalpakkam in Union countries to have euro.
Tamil Nadu is all set to ‘go critical’ in a year’s time. 124. The duty on import of gold and silver jewellery has
121. The 15-day-old Jal Satyagraha by villagers affected been raised to 15 per cent from 10 per cent in order
by the Indira Sagar Dam was called off in the to protect the domestic industry.
Khandwa, Dewas and Harda in Madhya Pradesh 125. The Reserve Bank of India asked banks to close the
after 40 protestors were admitted to hospitals with accounts of customers using credit or debit card for
fever, rashes and peeling skin. online forex trading transactions, which are
122. The Karnataka State government has proposed to prohibited.
link Bangalore and Mysore with a bullet train with 126. The government-appointed panel, headed by M
Japanese technology. Damodaran, has recommended a string of legal,
administrative and regulatory reforms to make the
country a better and easier place for doing
business.
127. Social scientist Yogendra Yadav was sacked from the
UGC for being a member of Arvind Kejriwal-led Aam
Aadmi Party (AAP).

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128. U.S. Federal Reserve chose to hold firm to its
$85bn-a-month monetary stimulus policy of
quantitative easing (QE) despite speculation that it
may trim down this bond-purchase programme by
$10bn.
129. India appointed M.K. Lokesh as ambassador to
Switzerland.
130. Government departments have been banned from
holding meetings in 5-star hotels and officials
barred from executive class air travel as part of
measures to cut non-plan expenditure by 10 per
cent and. Aiming to restrict the fiscal deficit to 4.8
per cent of GDP in 2013-14, the Finance Ministry
has ordered all ministries and departments not to
buy new vehicles, create new jobs or fill posts lying
vacant for over one year.
131. The Bihar Cabinet approved a proposal of the
Disaster Management department to declare 33 of
the State’s 38 districts drought-hit.
132. In a strong message, Brazilian President Dilma
Rousseff called off her trip to Washington to protest
the electronic surveillance conducted against her
and her government by the U.S. National Security
Agency (NSA).
133. Nepalese Army Chief General Gaurav Shamsher J.B.
Rana will undertake a week-long visit to India from
September 29 to strengthen military-to-military
ties.
134. Fitch Ratings has scaled down its projections on
India’s growth to 4.8 per cent for the current fiscal
from the earlier estimate of 5.7 per cent made in
June.
135. Shareholders of the Bangalore Stock Exchange
unanimously approved the ‘voluntary dissolution’ of
the 50-year-old institution.
136. Russia has offered to set up manufacturing facilities
in the country for joint production of defence
hardware and also reached an understanding for
setting up two major projects in a joint venture for
producing civil choppers and aircraft. This was
decided during the meeting between Commerce
and Industry Minister Anand Sharma and Deputy
Prime Minister of Russia Dmitry Rogozin and
Russia’s Industry and Trade Minister Denis
Manturov in St. Petersburg.
137. Gyan Correa’s debut Gujarati movie The Good Road
was nominated as India’s official entry to next
year’s Oscars in the Best Foreign Film category.
138. A Pakistani delegation led by Mirza Asif Baig arrived
for the 109th meeting of the Permanent Indus
Commission.
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139. India will build 4,000 MW solar project, the world’s
largest, in Rajasthan. The project would be built in
two phases in an area close to Sambhar Lake, about
75 km from Jaipur.
140. A Parliamentary Committee has sought people’s
suggestions on the Right to Information
(Amendment) Bill, 2013, aimed at keeping political
parties out of the purview of the transparency law.
141. BlackBerry said it has signed a letter of intent with a
consortium led by Fairfax Financial Holdings Limited
to buy BlackBerry for $ 4.7 billion.
142. BSE signed a memorandum of understanding with
Indian Institute of Corporate Affairs to collaborate
and develop a CSR index and increase awareness
about corporate social responsibility (CSR). The new
Companies Act 2013 has mandated eligible
companies to spend 2 per cent of their profits on
CSR activities.
143. Supreme Court said the Aadhaar card was not
mandatory for one to avail oneself of government
services.
144. The Central Bank has instructed banks to stop
offering zero interest EMI (equated monthly
instalment) schemes for the purchase of consumer
goods.
145. The government announced the constitution of the
Seventh Pay Commission to revise salary and
pension. Its recommendations are likely to be
implemented with effect from January 1, 2016.
146. The United Nations High Commissioner for Human
Rights Navi Pillay set a March 2014 deadline for the
Sri Lankan government to engage in a credible
national inquiry into reported cases of human rights
violation.
147. TRAI recommended implementation of mobile
number portability across the country within six
months.
148. A panel headed by Raghuram Rajan has
recommended a new index of backwardness in
States. The new methodology ranks Odisha as
India’s most backward State, Bihar as the second
most backward. Goa is India’s most developed
State. The committee has proposed an index of
backwardness composed of 10 equally weighted
indicators. The 10 States that score above 0.6 (out
of 1) on the composite index have been classified as
the “least developed,” the 11 States that scored
from 0.4 to 0.6 are “less developed” and the seven
that scored less than 0.4 are “relatively developed.”
149. The Election Commission welcomed the Supreme
Court order directing it to add “None of the Above”
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 (NOTA) button in the EVM. The button will give
voters the option of not voting for any candidate.
150. The draft report of the JPC on 2G spectrum
allocation exonerated Prime Minister Manmohan
Singh and Finance Minister P. Chidambaram of any
wrongdoing and blamed then Communications
Minister A. Raja. Mr. Raja was accused of
“misleading” the Prime Minister.
151. According to the list of total 122 countries released
by the Geneva-based World Economic Forum (WEF)
India has been placed at a low 78th slot on a
global Human Capital Index, which ranks countries
on the basis of economic potential of their labour
force, while Switzerland has topped the ranking.
152. Planning Commission is likely to cut the annual
average economic growth rate target of 8 per cent
for the 12th Plan (2012-17) to around 6 to 6.5 per
cent in its mid-term review of the five year policy
document.
153. India will build its first strategic oil storage by
January at Visakhapatnam in Andhra Pradesh and
Mangalore and Padur in Karnataka to store about
5.33 million tonnes of crude oil. This is enough to
meet nation's oil requirement for 13-14 days.
154. GAAR will come into effect from April 1, 2016, a
government notification said. The provision of
General Anti Avoidance Rules will apply to entities
availing tax benefit of at least Rs 3 crore.
155. Small destinations in the country will have air
connectivity with a network of more than 100
airports planned to meet the expected passenger
load capacity of 30 crore by 2020, Prime Minister
Manmohan Singh said. The first such airport will
come up in Kishangarh town in Rajasthan's Ajmer
district.
156. India's unemployment rate rose to 4.7% in 2012-13
from 3.8% in 2011-12 due to a sharp slowdown in
the industry and infrastructure sectors.
157. The per capita annual income in Delhi has increased
to Rs 2.01 lakh in 2012-13 compared to Rs 1.73 lakh
in the previous fiscal, which is three times the
national average and highest in the country. The
national average has been worked out at around Rs
61,564.
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158. The Indian economy is likely to grow at 5.2 per cent
in 2013 calendar year, says a report by UN agency
UNCTAD.
159. International Monetary Fund's projection of GDP
growth is 5.6 per cent for this year.
160. One third of the food produced worldwide is
wasted, costing the global economy around $750
billion a year, a new report by Food and Agriculture
Organisation said.
161. Crisil cut India GDP growth forecast to 4.8 per cent
for the current fiscal.
162. Parliament passed the Pension Bill 2013 that aims
to create Pension Fund Regulatory and
Development Authority a statutory authority and
allows at least 26 per cent FDI.
163. The Reserve Bank is likely to complete initial
scrutiny of 26 applications for new bank licences in
a month. Thereafter, shortlisted names will go to
the High Level Advisory Committee chaired by
former RBI Governor Bimal Jalan.
164. Banks will have to bear the cost of fraudulent card
transaction through point of sales (PoS) at merchant
establishments that do not have security features
prescribed by the Reserve Bank of India (RBI).
165. Reserve Bank of India governor Raghuram Rajan has
been awarded the Fifth Deutsche Bank Prize for
Financial Economics 2013, in recognition of his
ground-breaking research work which influenced
financial and macro-economic policies around the
world.
166. Bharatiya Mahila Bank proposes to complete the
first six branches at Mumbai, Delhi, Kolkata,
Chennai, Indore and Guwahati by October 15. The
proposed bank, to be headquartered at Delhi, is
likely to be operational by November this year.
167. People belonging to weaker sections in the country
can also open zero balance accounts in foreign
banks. The Reserve Bank said its 'Basic Savings Bank
Deposit Account (BSBDA) guidelines are applicable
to "all scheduled commercial banks in India.
However, holders of 'Basic Savings Bank Deposit
Account' will not be eligible for opening any other
savings account in that bank.
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