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BANK EXAM CAPSULE DEC 2013 VOL:-2

51. 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.

52. Iran has invited U.N. inspectors to visit its Arak heavy-water plant, in tune with the spirit of the Geneva agreement signed which promises a détente between Tehran and the West. During the Geneva talks, Iran’s interlocutors — United States, Russia, China, Britain, France and Germany — wanted Tehran to halt all work on the facility related to the production of plutonium that can be used to develop an atomic bomb.

53. NASA is planning to grow plants and vegetables — such as turnip and basil — on the Moon, by 2015, to understand whether humans can live and work on the Earth’s natural satellite.

54. The Argentinian government has dramatically increased the pressure on British companies
drilling for oil off the disputed Falkland Islands by passing laws that could impose 15-year jail sentences on their executives.

55. The Securities and Exchange Board of India (SEBI) relaxed norms for long-term foreign investors eligible to put money into Infrastructure Debt Fund (IDF), as part of efforts to attract more overseas investments into the country.

56. Tehelka editor-in-chief Tarun Tejpal was arrested on charges of sexually assaulting a young colleague.

57. China’s official Xinhua news agency reiterated Beijing’s territorial claims on Arunachal Pradesh, coinciding with President Pranab Mukherjee’s two-day visit to the State.

58. In the wake of the collapse of the Ponzi scheme run by the Saradha Group in West Bengal, the Chhattisgarh government is setting up a registration authority to control non-banking financial companies (NBFCs).

59. India is once again among a small list of nations that qualifies for an exception from unilateral sanctions imposed by Washington on nations importing oil from Iran, U.S. Secretary of State John Kerry said.

60. The U.S. will destroy the most dangerous of Syria’s chemical weapon stockpile on a ship at sea, said the world’s chemical weapons watchdog Organisation for the Prohibition of Chemical Weapons (OPCW).

61. Debit card holders will from 1 December be required to punch in their PIN numbers every time they use the card

62. The Current Account Deficit (CAD) of the country has narrowed down sharply to $5.2 billion, or 1.2 per cent of the Gross Domestic Product (GDP), for the second quarter — July to September — in the current financial year.

63. The West Bengal Assembly passed a resolution demanding withdrawal of the Union Petroleum Ministry’s decision to link subsidies on LPG cylinders to Aadhaar cards.

64. Chaloka Beyani, U.N. special envoy on human rights of internally displaced persons arrived in Sri
Lanka to examine the status of people rendered homeless by the country’s three-decade civil war.

65. French nuclear energy conglomerate Areva SA, which is the technology provider for the proposed nuclear power plant at Jaitapur in Maharashtra, said it was working with Nuclear Energy Corporation of India (NPCIL) and Department of Atomic Energy (DAE) to bring down the cost of the project so that power could be supplied at cheaper rates.

66. The Supreme Court directed all States to put in place by March 31, 2014 draft rules for regulating sale of acids and other corrosive substances.

67. The the Army successfully test-fired the surface-to-surface Prithvi-II missile from the Integrated Test Range near Balasore, Odisha. The missile, which can travel 250 km-350 km, can carry a nuclear warhead weighing 350 kg.

68. India, an aspirant to next month’s international conference on Syria in Geneva, has offered the services of its experts to help in destruction of Damascus’ chemical weapons arsenal. In addition, it has offered to contribute $1 million towards this effort by the Organisation for the Prohibition of Chemical Weapons (OPCW).

69. All the three Service chiefs have agreed to having a permanent chairman of the Chiefs of Staff Committee (CoSC) as per the recommendations of the 14-member Naresh Chandra Task Force on undertaking reforms in the defence management.

70. China’s yuan currency overtook the euro in October, becoming the second-most used currency in trade finance, global transaction services organisation SWIFT said. The market share of yuan grew to 8.66 per cent in October. The yuan now ranks behind the U.S. dollar, which remains the leading currency with a share of 81.08 per cent.

71. Federal Bank said it had appointed Abraham Koshy as its part-time Chairman.

72. Telecom operators will not be penalised for up to 50 complaints received against them in a week for pesky calls and SMSes originating from their networks.

73. Breaking all previous records, Delhi registered more than 65 per cent polling on 4th December.

74. Union Finance Minister P. Chidambaram said that the ongoing amnesty scheme voluntary compliance encouragement scheme (VCES) for service tax evaders, which ends on December 31, would be the ‘last chance’ for them to comply with tax regulations.

75. Cyprus has said the Indian government had agreed to withdraw a notification that suspended tax benefits on investments from the island nation.

76. Over one million people will benefit from the Asian Development Bank (ADB)-supported flood control programme along the Brahmaputra river, the first tranche of which is likely to be completed by May 2014.

77. The Union Cabinet night approved a bill for the creation of a Telangana. Some of the highlights of the bill are: Telangana will have 10 districts and the rest of Andhra Pradesh will have 13 districts; Greater Hyderabad Municipal Corporation area will remain the common capital for both states for a period not exceeding 10 years.

78. Group of Ministers (GoM) headed by Agriculture Minister Sharad Pawar recommended a financial package to Sugar millers, which includes an interest-free loan of Rs. 7,500 crore to pay off arrears. The loan can be repaid in five years with a moratorium of two years.

79. Andhra Pradesh Chief Minister N. Kiran Kumar Reddy openly defied the Congress high command again when he vowed to oppose every aspect of the A. P. State Reorganisation Bill in the Assembly.

80. While in Chhattisgarh, 3.07 per cent of the valid votes went to NOTA — the highest among the four States for which results were declared in Delhi, it was 0.63 per cent.

81. Bharti Airtel and Relaince Jio Infocomm announced a comprehensive arrangement under which they will share their telecom infrastructure.

82. In a major setback to gay rights activists, the Supreme Court held that homosexuality or unnatural sex between two consenting adults under Section 377 of the Indian Penal Code is illegal and will continue to be an offence.

83. Pope Francis has been named Person of the Year 2013 by Time magazine for changing the
perception of the Catholic Church within just nine months.

84. The Supreme Court pulled up the Sahara group for issuing public advertisements accusing SEBI of being a sarkari gunda (a government goon) for not refunding Rs. 20,000 crore to duped investors.

85. The Supreme Court has directed all the States to drastically restrict the number of VIPs using the red beacon in their cars, and give the facility only to heads of the executive, the legislature and the judiciary and those holding constitutional posts.

86. The Securities and Exchange Board of India(SEBI) panel, headed by former chief justice of India N. K. Sodhi, has suggested that trades by promoters, employees, directors and their immediate relatives would need to be disclosed internally to the company.

87. The Reserve Bank of India said it would infuse an additional Rs.10,000 crore into the system to ease the tight liquidity situation, ahead of commencement of advance tax payments.

88. In ‘Operation Falcon Claw’ Investigative website Cobrapost claimed to have exposed 11 Members of Parliament from different political parties who allegedly showed willingness to issue recommendation letters and lobby with the Union Ministry for Petroleum for a fictitious foreign oil company seeking exploration and digging rights in the northeast.

89. The Supreme Court expressed serious concern at media reports of death of over 50 children in relief camps for victims of the Muzaffarnagar riots, and directed the Uttar Pradesh government to provide them with relief.

90. President Vladimir Putin has ordered the military to step up its presence in the Arctic after Canada signalled it planned to claim the North Pole and surrounding waters.

91. South Korea and Japan have carried out a naval drill in the East China Sea, deploying destroyers and maritime helicopters in a region where both countries are involved in a dispute with China. A biennial naval drill took place in a part of the sea that lies within China’s newly established Air Defence Identification Zone (ADIZ).

92. On the back of rising food prices, the Consumer Price Index (CPI) grew at the rate of 11.24 per cent in November.

93. Doha Bank has been granted licence to commence banking operations in India, and has been permitted to open a branch in Mumbai to provide full-scale banking services.

94. India has indicated its disagreement with American pressure on Afghanistan to sign the bilateral security agreement (BSA), which will limit the number of western troops in the war-torn country after 2014.

95. In a relief to Rashtriya Janata Dal president Lalu Prasad, the Supreme Court granted him bail in the fodder scam case in which he was sentenced to undergo imprisonment for five years by a trial court in Jharkhand.

96. The Union Cabinet approved the Rights of Persons with Disabilities Bill. It will replace the Persons with Disabilities Act of 1995. The Bill provides for five per cent reservation in public sector jobs and makes the private sector more accountable for creating a disabled-friendly environment.

97. C. V. R. Rajendran took charge of Andhra Bank Chairman and Managing Director.

98. A Bill to set up an independent coal sector regulator Coal Regulatory Authority Bill, 2013 with the task of conserving resources and charting methodology for price fixing was introduced in the Lok Sabha.

99. U.S. retail giant Walmart announced the appointment of Krish Iyer as the President and CEO of its India unit.

100. India and Afghanistan have agreed to deepen defence and security cooperation to increase the operational capabilities and mobility of the Afghanistan National Security and Defence Forces (ANSDF).


BANK EXAM CAPSULE DEC 2013 VOL:-1

1. Arvind Kejriwal, the convener of the newly launched Aam Aadmi Party sworn in as the seventh (as a person) Chief Minister of Delhi at a function in Ramlila Maidan. He has sworn in as the youngest Chief Minister of Delhi.

2. The BJP leader, Shivraj Singh Chouhan, was sworn-in as the Chief Minister of Madhya Pradesh.

3. Lal Thanhawla of Congress party has sworn in as the Chief Minister of Mizoram for the second successive term.

4. BJP leader Vasundhara Raje was sworn in as the Chief Minister of Rajasthan for the second time.

5. Ashraf Jehan a female judge sworn-in at Pakistan’s national sharia court which hears cases under the Islamic legislation.

6. J.N.Chaudhary was appointed as new head of NSG (National Security Guard). He will take his charge from incumbent Arvind Ranjan.

7. Arvind Ranjan was appointed the full time chief of the Central Industrial Security Force (CISF).

8. The ministry of civil aviation appointed Ashok Lavasa as new Civil Aviation Secretary.

9. Marpadi Veerappa Moily, the petroleum and natural gas Minister took an additional charge of the Environment and Forests Ministry after the exit of Jayanthi Natarajan.

10. Sidharth Birla, Chairman of Xpro India Limited took the charge as the President of Federation of Indian Chambers of Commerce and Industry (FICCI). Sidharth Birla succeeded the HSBC India Country Head Naina Lal Kidwai.

11. Vinod Kumar Duggal, the former Home Secretary has been appointed the new Governor of Manipur. He will replace the present Governor of the state, Ashwani Kumar, who was given an additional charge of Manipur, while being a Governor of Nagaland.

12. Subrahmanyam Jaishankar became the Ambassador of US. He is the successor of Nirupama Rao and his position in Beijing will be taken by Ashok k. kantha.

13. Usha Sangwan was appointed as the first woman managing director of the Life Insurance Corporation of India (LIC) by the Government.

14. S.B. Nayar was appointed as chairman and managing director (CMD) of India Infrastructure Finance Co. Ltd (IIFCL).

15. The Union Government appointed Harsh Kumar Bhanwala as the Chairman of the National Bank for Agriculture and Rural Development (NABARD) for a
This GK Capsule has been prepared by 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 Dec 2013. period of five years. Prior to this appointment, Bhanwala was an Executive Director at India Infrastructure Finance Company Ltd (IIFCL). Bhanwala succeeds Prakash Bakshi.

16. CVR Rajendran was appointed as the Chairman and Managing Director of Andhra Bank.

17. Krishna Iyer was appointed President and CEO of Wal-Mart India.

18. D Shivakumar was appointed as the Chairman and CEO of PepsiCo India.

19. Ambassador Ahmet Uzumcu was re-appointed as the OPCW Director General at the 18th Session of the Conference of State Parties.

20. Ms. Sushma Singh has been appointed as the next Chief Information Commissioner (CIC) of India and will succeed Ms. Deepak Sandhu.

21. Sashi Tharoor, the Union Minister of State for Human Resource Development was named as the Person of the Year by the animal rights body PETA – India for taking steps to advance animal protection.

22. India’s deputy consul in New York, Devyani Khobragade was transferred to India’s Permanent Mission in United Nations in New York. This was done by India to boost her diplomatic immunity. Earlier, Devyani Khobragade was charged with criminal offences by US.

23. Angela Merkel was elected as the German Chancellor for third term by the German Parliament.

24. Pope Francis was named as the Person of the Year 2013 by Time Magazine.

25. Ranjan Mathai took over as the India's High Commissioner to the UK. He has succeeded Jaimini Bhagwati.

26. Miss Venezuela Alyz Henrich was crowned with the pageant of Miss Earth 2013 at the Versailles Palace, Philippines.

27. Rajiv Gandhi International Airport (RGIA), Hyderabad awarded the Sword of Honour for safety management in London in the second week of December 2013.

28. IRCON International Limited has been awarded the prestigious India Pride Awards for Excellence in Central PSUs in India Image Enhancement.

29. Eminent historian Bipan Chandra was awarded Itihas Ratna from Asiatic Society Bihar.

30. 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). Ritesh Batra, the Writer-Director of the film The Lunchbox, got a special mention for screenplay for the film in the same category.

31. Wipro Chairman Azim Premji won the Economic Times Lifetime Achievement Award 2013 for his role in creating India's third-largest software exporter.

32. East Timor film ‘Beatriz’s War’ bagged Golden Peacock award for Best Film at the 44th International Film Festival of India at Panaji, Goa. The film, directed by Bety Reis and Luigi Acquisto. Indian Director Kaushik Ganguli bags the award for Best Director for his Bengali film ‘Apur Panchali’. Best Actor (Male) award went to Alon Moni Aboutboul for his performance in Israeli movie ‘A Place in Heaven’. Best Actor (Female) award was presented to Boczarska Magdalena for her excellent performance in Polish film ‘In Hiding’.

33. Sheila Dikshit, the Chief Minister of Delhi resigned from her post after Congress party faced a defeat in the Delhi Assembly polls. Sheila Dikshit was defeated in her constituency in New Delhi from Arvind Kejriwal of Aam Aadmi Party by over 25,000 votes. She has been the Chief Minister of Delhi three times.

34. Shoma Chaudhury, managing editor of Tehelka, announced her resignation from the Tehelka, an investigative magazine.

35. Veteran Bollywood actor Farooq Sheikh died due to heart attack in Dubai.

36. Mikhail Kalashnikov, who invented the AK47 weapon died at the age of 94 due to ill-health on

23 December 2013 in Izhevsk, Udmurtia province of Russian Republic.

37. Pran Chopra, the veteran journalist and first editor of The Statesman died.

38. Dr. Michiaki Takahashi who developed a vaccine for the chicken pox virus died due to heart failure on
23 December 2013 in Osaka, Japan.

39. Nelson Mandela, the anti-apartheid revolutionary of South Africa died on 5 November 2013.

40. US actor Paul Walker died in a car accident in Southern California.

41. The business magazine Fortune’s Indian edition released its annual list of Fortune 500 Indian companies for 2012. Indian Oil Corporation was the biggest company followed by the Mukesh Ambani‘s Reliance Industries.

42. 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. Afghanistan, North Korea and Somalia this year make up the worst performers.

43. The 9th WTO Ministerial Conference was concluded on 6 December 2013 at Bali, Indonesia. The Ministerial Conference has agreed on the revised draft of Bali Package.

44. International Petroleum Conference 2014 (PETROTECH-2014) will be held in New Delhi from 12th – 15th January 2014.

45. 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).

46. The fourth generation Light Combat Aircraft (LCA) Tejas received its second operational clearance on 20 December 2013 in Bangalore. Initial Operational Clearance (IOC) II of Tejas is to replace the Mig21 fleet of IAF, which was decommissioned on 11 December 2013.

47. India successfully test-fired the indigenously developed Pinaka from a base at Chandipur, off the Odisha coast. Pinaka is a multi-barrel rocket launcher (MBRL). Pinaka is an area weapon system with a range of 40 km.

48. The Union Government launched e-inclusion project to make people e-literate. The project is an initiative to make at least one individual in every household e-literate. IT training will be provided to the economically weaker sections of the society including rural SC, ST and women under this project.

49. Lokpal and Lokayukta Bill, 2013 was passed by the Lok Sabha on 18 December 2013. Earlier, the Bill was passed by the Rajya Sabha. The Bill seeks to establish an anti-corruption watchdog that will have in its purview even the office of Prime Minister. The Lokpal consists of a Chairperson and a maximum of eight members of which 50% shall be judicial members.

50. The Ministry of Health and Welfare has planned to set up “birth waiting homes” close to healthcare centres to enable pregnant women in remote areas to gain access to prenatal care as their due date nears.


BANK EXAM CAPSULE AUGUST 2013 VOL:-3

101. Most of the national and regional political parties have opposed the intervention of the Election Commission, the judiciary, or any other authority in their announcing freebies in election manifestos.

102. Petroleum and Natural Gas Ministry decided to extend it to 35 more districts from September 1, taking the total coverage to 55 districts. The scheme was launched in 1 June 20 districts.

103. Britain is considering legal action against Spain over border checks imposed at the border with Gibraltar. While Spain was considering taking its row over the disputed territory of Gibraltar to global bodies such as the United Nations (U.N.) and International Court of Justice (ICJ) at The Hague.

104. The government tabled a bill in the Lok Sabha to replace the ordinance to provide more powers to capital market regulator Securities and Exchange Board of India (SEBI).

105. Retail inflation, as measured by the Consumer Price Index (CPI), eased a tad to 9.64% in July from 9.87% in the previous month.

106. Parties across the political spectrum have agreed to amend the Representation of the People Act to overturn a Supreme Court verdict barring people in police or judicial custody from contesting elections.

107. National Assembly of Pakistan passed a resolution, accusing Indian troops of “unprovoked aggression” on the Line of Control and extending support to the “struggle” of Kashmiri people.

108. Indian-Americans are set to roll out the red-carpet for anti-corruption crusader Anna Hazare during his two-week visit to the US. During his stay, Mr. Hazare will lead India’s Independence Day parade in New York, ring the bell at NASDAQ.

109. Rocked by a series of deafening explosions, the Navy’s kilo-class submarine INS Sindhurakshak sank at the naval dockyard.

110. Chandrayaan 2, the second mission to moon, would be an all-Indian programme, without any tie-up with Russia.

111. The eurozone climbed out of recession at last with surprisingly strong growth of 0.3% in the second quarter led by Germany and France, the European Union said.

112. India’s higher educational institutions have once again failed to find a respectable place in the world’s top 500 universities. Bangalore-based Indian Institute of Science (IISc) is the only institution that figures in this list. American universities have captured 17 positions of the top 20 slots. Harvard University has been described as the world’s best university.

113. Rajasthan Government started the free diagnostic test facility at all primary health centres situated across the State to mark the Independence Day.

114. For the first time in 14 years since the 1999 Kargil war, Pakistan violated ceasefire in the higher reaches of Ladakh, with its troops opening fire with small and automatic weapons on Indian posts in the Drass and Kaksar areas of the Kargil sector.

115. The Election Commission will, for the first time, deploy Electronic Voting Machines with Voter Verifiable Paper Trail in the September 4 by-poll to the Noksen Assembly constituency in Nagaland.

116. West Bengal and Tripura are the only States to remain out of the National Pension Scheme (NPS), Pension Fund Regulatory Development Authority Chairman Yogesh Agarwal said.

117. Cheraman Financial Services Ltd (CFSL), established with equity participation of Kerala State Industrial Development Corporation and private investors, mostly Gulf-based NRIs, to promote interest-free financing, has received certificate of registration from the Reserve Bank of India to function as a non-deposit-taking Non-Banking Finance Company (NBFC). The RBI had all along maintained a stand that the Banking Regulation Act did not permit Islamic banking in the country.

118. In the worst tragedy of its kind, 28 people, including 14 women, were crushed to death by a speeding train at Dhamara Ghat station in Bihar’s Khagaria district.

119. To contain the widening current account deficit (CAD), the government announced its decision to ban the duty-free import of high-end flat screen (LCD/LED) plasma television sets with effect from August 26. ‘Non-essential’ imports will not be permitted duty free to air travellers as baggage allowance. Instead, these luxury entertainment commodities will attract a total levy of 36.05%.

120. The Indian Space Research Organisation (ISRO) will now go back to the drawing board to plug imperfections in its indigenous cryogenic upper-stage Geosynchronous Satellite Launch Vehicle (GSLV) programme, after the GSLV-D5 mission to launch into orbit the advanced communication satellite GSAT-14, was aborted due to a fuel leak .

121. Anti-superstition activist and Maharashtra’s most vocal rationalist Dr. Narendra Dabholkar (65) was shot dead in Pune.

122. The Fifth India-China Strategic Dialogue held in New Delhi.

123. Syria has rejected allegations that it has used chemical weapons on the outskirts of Damascus.

124. Cabinet approved the bill which entails replacing the collegium system with a Judicial Appointments Commission. Under the proposal, the government seeks to set up a panel headed by the Chief Justice of India (CJI) to appoint and transfer senior judges.

125. Aadhaar card is not mandatory to get subsidies under government schemes, including on
domestic cooking gas, the Central government said in the Rajya Sabha.

126. The Union Ministry of Minority Affairs has approved the setting up of a central university in Ajmer.

127. Veteran leader Robert Mugabe was sworn in Zimbabwe’s President for another five-year term.

128. The Reserve Bank of India imposed a fine of Rs.6.50 crore on six public sector banks, including
IDBI Bank, Dena Bank and Indian Bank, for violating customer identification or KYC norms and anti-money laundering guidelines.

129. New Delhi and Beijing have decided to hold military exercises from November 4 to 14 in the Chengdu region in China after a gap of nearly five years. The first edition was held in Kunming in China in 2007.

130. Tourism Minister K. Chiranjeevi launched the ‘Clean India Campaign’ at world heritage site, Taj Mahal.


EXAM BANK EXAM CAPSULE AUGUST 2013 VOL:-2

51. Government said the Unique Identification Authority of India (UIDAI) has issued more than 40.29 crore Aadhaar numbers till date and the body will achieve the target 60 crore enrollments by 2014.

52. Wholesale Price Index hiked to 5.79% in July.

53. Retail inflation marginally declined to 9.64% in July.

54. The e-filing of income tax returns has crossed the one crore mark with the maximum of such filings done by the salaried class of taxpayers.

55. The government proposes to develop seven large industrial hubs on the entire stretch of the proposed 2,000-km Amritsar-Kolkata industrial corridor project.

56. The Cabinet cleared the formation of an independent rail tariff authority paving the way for de-politicisation of fare determination by the national transporter.

57. The Reserve Bank of India (RBI) will soon issue Rs 5 coins to commemorate the 150th birth anniversary of Swami Vivekananda. Central bank will soon issue Rs 10 coins to commemorate the occasion of silver jubilee of Shri Mata Vaishno Devi Shrine Board.

58. The Reserve Bank of India announced it will launch inflation-linked bonds every month, starting June 4, to attract household savings of up to Rs 15,000 crore this fiscal so as to discourage investments in gold.

59. Private sector lender Axis Bank requested the foreign investment promotion board (FIPB) to increase the limit of foreign shareholding in the bank from the current 49%.

60. The World Bank has signed an agreement with the Indian government to provide a USD 100 million loan to help low-income families secure housing loans.

61. IRDA has allowed banks to act as brokers and sell products of more than one insurer so as to increase the penetration of the sector across the country. There is no capital requirement for insurance broking business carried out by banks.

62. Ratnakar Bank has bought parts of the Indian retail business of Royal Bank of Scotland (RBS), subject to regulatory approvals, the Indian bank said.

63. RBI has transferred Rs 33,010 crore as surplus profit to the government for the year ended June 2013. This is more than a 100% jump over Rs 16,010 crore that the RBI transferred in the previous year.

64. India’s second aircraft carrier, the 45,000-tonne INS Vikramaditya — a retrofitted Russian carrier formerly named Admiral Gorshkov — has successfully completed sea trial of achieving top speed of 32 knots. Navy is likely to receive it by this year-end.

65. Jet Airways won a conditional nod to sell 24% stake to Etihad Airways for Rs. 2,058-crore after the Abu Dhabi-based carrier made significant concessions, diluting its control.

66. Planning Commission Deputy Chairman Montek Singh Ahluwalia admitted that the method of tabulating the number of poor is “abstract” and said it is being reworked. According to current figures based on Suresh Tendulkar Committee report, poverty declined to 21.9% in 2011-12 from 37.2% in 2004-05.

67. The Supreme Court issued notice to the Centre, Petroleum Minister M. Veerappa Moily and Reliance Industries Limited (RIL) on a public interest litigation petition challenging the government’s decision to double the price to $8.4 per million British thermal unit (mmBtu) for gas produced from the KG basin.

68. Nagaland Governor D. Ashwani Kumar took additional charge of Manipur.

69. In a blow to Formula One enthusiasts in India, the 2014 Indian Grand Prix was dropped. Jaypee Sports International Ltd. said the extravaganza would come back to the country in March 2015.

70. India will restore the supply of subsidised gas to Bhutan from August 1, a month after it was halted.

71. Senior IPS officer Sharad Kumar was appointed the new chief of the National Investigation Agency.

72. Government raised the rate of interest subsidy for exporters to 3%, and promised to clear pending claims expeditiously.

73. The Union Cabinet has approved draft amendments to the Right to Information Act that would nullify an order of the Central Information Commission bringing the six national political parties under the orbit of the Act.

74. U.S. whistleblower Edward Snowden has been granted asylum in Russia.

75. A major crisis erupted at National Spot Exchange Ltd. (NSEL) after it suspended most trades on its platform, prompting the government to order an enquiry by commodity regulator Forward Market Commission (FMC) even as the Securities and Exchange Board of India (SEBI) began a separate probe amid a crash in shares of the two listed group companies.

76. The Cabinet Committee on Economic Affairs approved the proposal for sale of 10% government stake in Indian Oil Corporation (IOC).

77. The Centre rejected in the Supreme Court the CBI’s demand for complete autonomy.

78. The Cabinet Committee on Economic Affairs approved the “dilution” of certain safeguards, including relaxing the 30% sourcing norm and dropping the mandatory 50% condition for backend infrastructure investment, which were approved by Parliament while allowing 49% foreign direct investment (FDI) in multibrand retail announced last year. The Cabinet also approved increasing the number of cities to be covered under the MBRT policy by amending the clause of permitting cities or States with less than 10 lakh population to open front end stores with the permission of the States or Union Territories.

79. China’s tallest building — the 632-metre Shanghai Tower is set to become the world’s second tallest, surpassed only by the 830-metre Burj Khalifa in Dubai.

80. IAS officer Durga Shakti Nagpal Sub-Divisional Magistrate (Sadar) in Gautam Budh Nagar district was suspended on July 27 on charges of ordering the demolition of the wall of an under-construction mosque at Kadalpur village.

81. Russia and China flagged off their regular anti-terrorist war games “Peace Mission 2013” in Russia’s Urals region seen by experts as preparations for a local military conflict in Central Asia.

82. The 4,411-metre-high Daocheng Yading airport, being built in Garze, a predominantly Tibetan area of China’s southwestern Sichuan province, will become the world’s highest civilian airport when put into operation later this year.

83. The National Green Tribunal ordered a nationwide stay on sand mining on river beds without Environment Ministry clearance.

84. The World Bank and the Asian Development Bank (ADB) agreed to provide $ 400 million for
reconstruction and rehabilitation in the disaster-hit areas in Uttarakhand.

85. Chief Economic Adviser Raghuram Govind Rajan was appointed as Governor of the Reserve Bank of India (RBI) for three years. He will take over from D. Subbarao who demits office on September 4.

86. The National Spot Exchange Limited (NSEL) has suspended trading of contracts in e-series with effect from August 6, 2013, till further notice.

87. Antony Committee will decide to carve out Telangana State from Andhra Pradesh. The Committee’s other members are – Digvijay Singh, Veerappa Moily and Ahmed Patel.

88. The Sub-Committee of the Financial Stability and Development Council (FSDC) decided to set up a forum for inter-agency coordination and exchange of information about collective investment schemes (CIS) and discussed the need for a nationwide awareness campaign in this respect.

89. The Reserve Bank of India has imposed a penalty of Rs.5,62,555 on State Bank of India for violating the norms for opening and maintaining currency chests. The penalty has been levied in connection with the deficiencies / lapses observed in the operation and maintenance of the currency chest at SBI, Secunderabad branch.

90. The government said it had issued a notification giving more teeth to regulator Forward Markets Commission (FMC) to ensure that the NSEL settled Rs.5,600 crore in dues to investors. NSEL is facing the problem of settlement after it suspended trade in one-day forward contracts on July 31 following the government direction.

91. Doctors of several hospitals, including AIIMS, protested against the government’s decision to make one year rural posting compulsory for medicos applying for post-graduation entrance exams.

92. Finance Minister P. Chidambaram exhorted service tax defaulters to take advantage of the voluntary compliance encouragement scheme (VCES) and come clean on their tax dues with “no penalty, no interest” or else, face punishment.

93. Reserve Bank of India Governor-designate Raghuram Rajan will work as Officer on Special Duty (OSD) in the central bank for three weeks before taking over as head of the institution.

94. The Securities and Exchange Board of India notified buyback norms under which it would be mandatory for companies to repurchase at least 50% of their offers. The companies will now have to complete their buyback offers within six months, from 12 months now. Those not able to meet the target will be barred from launching another offer for a period of one year.

95. Environmental activists in Gujarat are protesting against the proposed Rs. 6,000-crore Mithi Virdi nuclear power plant in Saurashtra region’s Bhavnagar district.

96. Finance Ministry has agreed to provide a cash subsidy of Rs.8,000 crore to help make up for a part of the losses incurred by oil marketing companies in selling diesel, kerosene and domestic cooking gas at prices much below cost.

97. The three-member committee of the Union Ministry of Environment and Forests has found mining rampant in Gautam Budh Nagar district of Uttar Pradesh.

98. Against the backdrop of recent incursions by Chinese troops into Indian territory, the two countries are working on a border defence agreement. They intend to sign it when Prime Minister Manmohan Singh visits Beijing, possibly in October.

99. Subramanian Swamy announced Janata Party merger with the BJP.

100. More than one lakh people have applied for a one-way trip to Mars. The mission will cost $6 billion, Bas Lansdorp, Mars One CEO and co-founder said. Mars One is to select a multi-continental group of 40 astronauts this year. Four of them — two men and two women — are set to leave for Mars in September 2022, landing in April 2023.


BANK EXAM CAPSULE AUGUST 2013 VOL:-1

1. Former Law Minister Ashwani Kumar has been appointed by Prime Minister Manmohan Singh as his Special Envoy to visit Japan in the rank of a Cabinet Minister.

2. Justice Nuthalapati Venkata Ramana appointed as the new Chief Justice of the Delhi High Court.

3. Nishi Vasudeva became the first woman to be selected as the head of Hindustan Petroleum Corp Ltd.
4. Ratan Thiyam was appointed as the Chairperson of the National School of Drama Society.

5. Senior IPS officer Dilip Trivedi was appointed the Director General of CRPF by the Union Ministry of Home Affairs, Government of India.

6. D.Bala Venkatesh Varma was appointed as the next Ambassador and Permanent Representative of India to the UN Conference on Disarmament, Geneva.

7. Rakesh Sethi took charge as the Executive Director of the Union Bank of India.

8. Raghuram Govind Rajan, the Chief Economic Adviser was appointed as the Governor of the Reserve Bank of India (RBI) for a time period of three years.

9. Arundhati Bhattacharya was appointed the managing director and chief financial officer of the State Bank of India.

10. Rajeev Rishi took over as the Chairman and Managing Director of Central Bank of India.

11. The former South African President Nelson Mandela was honoured with the first Lifetime Campaigner for Peace and Freedom of the Mahathir award for Global Peace while former Malaysian Prime Minister Tun Dr Mahathir received the Lifetime Campaigner for Gloabal Peace award from the Mahathir Global Peace Foundation.

12. Tata Steel was adjudged the Best Performing Integrated Steel Plant in the country for the year 2011-12.

13. Harshwanti Bisht was selected to receive the Sir Edmund Hillary Mountain Legacy Medal.

14. Vijay Singh was named a recipient of the 2013 Lifetime Achievement Award by the American
Society of Civil Engineers Environmental and Water Resources Institute.

15. Andhra Pradesh Greyhounds inspector Prasad Babu was named for the highest peace time gallantry award, the Ashok Chakra, posthumously on 15 August 2013. Greyhounds is an elite commando force of Andhra Pradesh created to combat left-wing extremists.

16. Barack Obama, the US President would confer the Presidential Medal of Freedom on former US President, Bill Clinton and talk show queen, Oprah Winfrey. Clinton and Winfrey are among the 16 recipients of the Presidential Medal of Freedom for the year 2013.

17. Sugathakumari, the Malayalam poetess won the prestigious Saraswati Samman 2012 for Manalezhuthu (the Writings on the Sand), a collection of poems in Malayalam. The award was instituted by KK Birla Foundation.

18. Yasin Bhatkal, the primary conspirator in various bomb blasts in India as well as the co-founder of the Indian Mujahideen (IM), was arrested from the India-Nepal border in Bihar’s Raxaul town on 29
August 2013.

19. Malala Yousafzai won the International Children’s Peace Prize 2013. She will receive the award from
2011 Nobel Peace Prize winner and women's rights campaigner Tawakkol Karman at a ceremony in The Hague on 6 September 2013.

20. Bollywood actor and UNICEF Goodwill Ambassador Amitabh Bachchan joined the UN and its
humanitarian partners to promote The World Needs More global campaign.

21. Robert Mugabe, the incumbent President of Zimbabwe sworn in for his seventh term as the President of the country.

22. Former Pakistani military ruler Pervez Musharraf was indicted by an anti-terrorism court in the 2007
assassination of ex-premier Benazir Bhutto.

23. The Delhi Police arrested one of India's 20 most wanted terrorists, Abdul Karim Tunda, from Indo-
Nepal border.

24. Ibrahim Boubacar Keita won Mali's Presidential elections.

25. Hassan Rouhani took oath as the new President of Iran in the ceremony held at the Iranian Parliament in Tehran. He succeeded Mahmoud Ahmadinejad as the President.

26. Rajiv Gandhi Khel Ratna Award was given to Ronjon Sodhi for shooting.

27. Egypt’s Vice President Mohamed Elbaradei resigned in protest over the attacks on pro Mohamed Morsi supporters in Cairo.

28. The Vice President of the Islamic Republic of Afghanistan Mohammad Karim Khalili, was on an Official Visit to India.

29. Prime Minister of Iraq Nouri al-Maliki visited India as a part of four day state visit.

30. The 3rd meeting of the Working Mechanism for Consultation and Coordination on India-China Border Affairs was held in New Delhi on 23-24 July 2013.

31. ComScore stated in its report that India is the world’s third largest Internet user after China and USA. At present, India has almost 74 million Internet users which is a 31 percent increase over March 2012. Significantly, three-fourths of its online population is under 35.

32. Union Ministry for Petroleum & Natural Gas and Delhi state government launched IGL Suraksha
Yojana, a group accident insurance scheme for nearly 2.5 lakh drivers of CNG run public transport vehicles in Delhi. Under the scheme, a sum of 1.5 Lakh rupees would be paid to the nominee in case of  Death of a Driver.

33. Nasa’s Curiosity rover celebrated its first anniversary on Mars on 6 August 2013.

34. The three member committee that was constituted by the Union Ministry of Environment & Forests to enquire into the Adverse Environmental impact of the alleged illegal sand mining in Gautam Budh Nagar of Uttar Pradesh submitted its report to the Government. This committee was headed by Dr. Saroj.

35. GSAT–7, the first Indian exclusive defence satellite was successfully launched on 29 August 2013 by
the European space consortium Arianespace’s Ariane 5 Rocket from the Kourou Spaceport of French Guiana. This launch will push ahead India’s maritime security.

36. The government announced to release a national e-mail policy to protect privacy of email users in India. In the proposed policy all government departments and Indian embassies are being asked to use NIC server for their email correspondence. NIC server is located in India and it cannot be accessed by any foreign agency.

37. The Indian Air Force landed its C-130J Super Hercules Transport Plane at the recently-activated airstrip of Daulat Beg Oldie Sector in Ladakh. Daulat Beg Oldie lies in the area across the Line of Actual Control (LAC), where Indian and Chinese army troops faced a stand-off of about 21 days in April 2013.

38. India successfully test-fired indigenously-developed nuclear-capable surface-to-surface 350 Km range Prithvi-II missile from Integrated Test Range at Chandipur-on-sea in Balasore district off Odisha coast.

39. India successfully test-fired two rounds of indigenously developed Pinaka rockets from a multi-barrel rocket launcher (MBRL) from a base at Chandipur-on-sea near Balasore, off the Odisha coast. Pinaka is an area weapon system with a range of 40 km.

40. The Director of Agni Missile Project Tessy Thomas announced that the Agni V missile would become operational by 2015, with two or three successful test firings.

41. Economic growth in India in the April-June quarter of this fiscal slipped to 4.4%, the slowest pace in at least four years, dragged down by a contraction in manufacturing and mining sectors.

42. Rating agency Moody's said Food Bill is credit negative for the Indian government because it will raise government spending on food subsidies to about 1.2% of GDP per year from an estimated
0.8% currently. Moody's currently assigns 'Baa3' rating on India, with a stable outlook. The annual financial burden after its implementation is estimated to be about Rs 1.30 lakh crore at current cost.

43. Land Acquisition Bill that aims to give a fair deal to farmers for their land for industrial use was passed by the Lok Sabha. The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Bill, 2012"
stipulates mandatory consent of at least 70% for acquiring land for Public Private Partnership (PPP) projects and 80% for acquiring land for private companies.

44. As the Indian rupee fell below the 68-mark and global agencies painted a gloomy outlook for the economy, the government sought to reassure investors by saying there was no need for panic as the decline in the domestic currency was a reflection of "irrational sentiment."

45. Cabinet Committee on Investment cleared 36 projects worth R1.83 lakh crore across sectors such as power, roads, railways, petroleum and
natural gas. The projects approved by the CCI include 18 power projects with an investment of Rs 83,772 crore.

46. Housing prices in 22 major cities, including Delhi and Mumbai, are witnessing downward trend in April-June period compared to the previous quarter due to slowdown in demand, National Housing Bank said.

47. Railway freight traiff will go up from October 1 due to the increase in fuel cost but passenger fares will remain untouched.

48. The government set up seven member Tax Administration Reform Commission under chairmanship of Parthasarathi Shome to review tax laws and suggest ways for a stable and non-adversarial tax administration.

49. The per capita income in the country increased by 6.7% per annum during 2004-05 to 2011-12, while the percentage of poor declined by 2.2% over the period.

50. Among various religious groups, Muslims have the lowest and Sikh have highest living standard with an average per capita spending of just R32.66 and Rs 55.30 per day in a day, says an NSSO study titled “Employment and Unemployment Situation Among Major Religious Groups in India”.