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Monthly GK

For All Exams (Specially For Banking Exams)

July 2015
Banking Awareness
By- Varun Prakash

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Daily GK Update - 1st July 2015
1. Digital India huge opportunity for i. State-owned power equipment maker iii. It also includes partnership with SME &
health, education: Anil Agarwal Bhel today said it has commissioned Acquiring Business -- MMT suppliers, such
i. Prime Minister Narendra Modi's 'Digital Sudan's largest power plant. as 2-3 star hotels, franchisees, Trade &
India' drive will open up huge Travel partners will ge t access to SBI
opportunities in health and e ducation fo r products, loans, bank guarantees, PoS
rural areas, creating a large number of payment instruments at preferential rate s
jobs. and partnership with cards for promoting
card usage which will help in pushing the
agenda of a less cash economy.
iv. MakeMyTrip constitutes about 46% of
the bookings in the online space and a lot
of product work is being done in the $22-
23 billion travel industry ecosystem.

ii. Bhel has executed this project on 5. Shimla Rs 643 Cr water scheme
ii. The initiative aims to digitally deliver Engineering, Procurement and cleared for World Bank funding
all the essential services to citizens and Construction (EPC) basis. It has designed, i. Chief Minister Virbhadra Singh here
transform India into a digitally manufactured, supplied and installed the disclosed that a Rs 643 crore project fo r
empowered society and knowledge complete power project (4 units of 125 augmenting the water supply to the
economy by leveraging IT. MW each) including associated civil growing hill city had been approved by
iii. Agarwal, who heads the mining giant works. the union government.
Vedanta Resources Plc, is the Non- iii. The project uses crude oil from South ii. The project got the union finance
Executive Chairman of Sterlite Sudan as fuel, for which Bhel has ministry nod yesterday (29.6.2015) and
Technologies Ltd which is involved majorly designed special boilers. All the major it would be placed before World Bank
in laying the optical fibre network to equipment for the project -- boilers, for funding purposes, said a government
connect 2.5 lakh gram panchyats. steam-turbines, generators, Controls & spokesman. PC Dhiman, additional chief
iv. It is undertaking Fibe r-to-the-Home Instrumentation (C&I), transformers -- secretary, on behalf of the state
(FTTH) deployment in India to enable high have been manufactured in-house. attended the meeting.
speed broadband connectivity and is iv. The company has also constructed a iii. The loan component would be Rs 514
developing several transmission canal from the White Nile River to supply crore and the state government would be
infrastructure projects spanning over water for the project. The project is contributing Rs 129 crore for funding the
5,000 Circuit Kms across India. funded by the India's Line of Credit of project.
USD 350 million. iv. The new project involves lifting wate r
2. World Bank approves $650 mn loan v. The Kosti plant is Bhel's largest oil-fired from Kol Dam reservoir on River Satluj
for Eas tern Freight Corridor thermal power pl ant in the overseas and it would meet the wate r needs of
i. The World Bank said on Wednesday it market. It is also Bhel's first crude oil fired Shimla municipal corporation as well
had cleared a $650 million loan for a thermal power plant in Africa and comes suburban are as under the special
huge Indian freight rail corridor that will on the heels of the successful completion planning area.
span 1,840 kms (1,140 miles) across the of Bhel's 28 MW Nyaborango Hydro
northern heartland of the country. project in Rwanda. 6. Railway Minister Suresh Prabhu
Inaugurates Integrated Security Sys tem
4. SBI partners with MakeMyTrip for in Mumbai
travel biz i. Union Railway Minister Suresh Prabhu
i. In its series o f digital initiatives and tie- inaugurated the Integrated Security
ups, State Bank of India, countrys largest System (ISS) at 6 railway stations in
bank, partnered with online travel Mumbai, Maharashtra. The system was
company to capitalise inaugurated Chhatrapati Shivaji Terminus
on the business opportunities of the (CST), Dadar, Kurla and Lokmanya Tilak
ii. Construction of the Easte rn Dedicated booming e-commerce and m-commerce Terminus (LTT), Kalyan and Thane.
Freight Corridor will help speed up the ecosystem.
carrying of goods between Ludhiana in
the western region and Kolkata in the
east, and is part of a series of new
freight lines the World Bank says India
needs to ease congestion on its network.
iii. The loan is the third from the World
Bank to help fund the freight corridor.
Last year the bank approved a $1.1
billion outlay and in 2011 $975 million. ii. The ISS is advanced security systems
iv. Prime Minister Narendra Modi's that aim s at improving security on
government, banking on big investment in Railway premises and also ensure safety
infrastructure to boost the economy, ii. The alliance includes partnership with of the people and avert terror attacks in
approved a $137 billion investment plan personal banking unit for consumer facing extreme case. The system has a total of
for the railways in February. propositions including EMIs on purchase 118 CCTV cameras. They will beam the
of holidays & international travel, live images of railway stations under its
3. BHEL commissions Sudan's larges t customized travel products like Forex coverage on six monitors.
power project cards and travel products that inspire SBI
customers to travel.
iii. In the first of the project which was ii. He was 63. In 1984, he had pioneered ii. He won the gold medal after settling
completed in June 2015 it covered four the idea of sending messages via mobile for a quick draw with his opponent
stations CST, Dadar, Kurla and LTT. networks but failed to patent it was Arghyadip Das in the ninth and final
iv. The second phase is expected to be merely idea and was not actual round played at Mumbai, Maharashtra.
completed by December 2016. Apart implementation. iii. In this Chess Championship, Arghyadip
from this, he also inaugurated a modified iii. Matti Makkonen was bo rn on 16 April Das came second winning the silver medal
foot over bridge (FOB) to facilitate 1952 in Suomussalmi, Finland. He had and M R Lalith Babu won the bronze
passenger movement at Diva. graduated as an electrical engineer from medal in mens section.
the Oulu technical college in 1976. iv. In the womens section, Padmini Rout
7. Matti Makkonen, Father of SMS iv. He had served as vice president of PTL won the gold medal. While S
technology passes away and was actively involved in the Vijayalakshmi and S Meenakshi won
development of the GSM-technology silver and bronze medal respectively. In
from 1984 to 1988. In 1989, he was this championship both Vijayalakshmi and
appointed as President of the mobile Meenakshi had won the last six games.
communication unit which was later
renamed as Telecom Finland.
v. he was awarded The Economists
Innovation Award in the computing and
telecommunications category.

8. Abhijeet Gupta wins 19th

Commonwealth Chess Championship
i. Finnish telecom engineer and father o f i. Former world junior champion and
messaging service (SMS) technology Matti Grandm aster Abhijeet Gupta won the
Makkonen passed aw ay following serious 19th Commonwealth Chess Championship.

Daily GK Update - 2nd July 2015

1. Union Government hiked national
floor-level minimum wage to 160
rupees per day
i. The Union Government in June 2015
increased the national floor-level
minimum wage (NFLMW) to 160 rupees
per day from 137 rupees per day. The
new rate will be effective from 1 July
ii. The deadline for debt payment was
missed by Greece after Eurozone Finance i. Prof. Sanjeev Galande has been
Ministers refused to extend its bailout. selected for the prestigious G D Birla
They had refused the bailout afte r award for Scientific Research 2014. He
Greece rejected the proposal given has been selected for his significant
International Monetary Fund (IMF), contribution and his pioneering research
European Central Bank (ECB) and the in the field of Epigenetics and Molecular
European Commission (EC). Apart from Cell Biology.
ii. If states revise their minimum wages as this, ECB also has frozen its liquidity ii. Presently, he is a professor at the
lifeline to Greek banks. Indian Institute of Science Education and
per the new NFLMW, the decision is
expected to benefit millions of workers in iii. It should be noted that Greece is now Research (IISER), Pune and also leading a
the scheduled employments in the formally in arrears and there are fears team of scientists in studying various
respective state jurisdictions. that this could put Greece at risk of aspects of gene
iii. It was im plemented for the first time in shifting back to its old currency Drachm a iii. Galande had obtained doctorate in
1996 on the basis of the by leaving the Euro. This may increase in biochemistry from Indian Institute o f
recommendations of the National the cost of impo rts of Greece leading to Science (IISc), Bangalore in 1996. He is
Commission on Rural Labour (NCRL) under increase inflation further worsening its also a postdoctoral fellow at the
the Minimum Wages Act, 1948. economic crisis. Lawrence Berkeley National Laboratory
iv. It is a non-statutory measure and afte r iv. The Greece crisis may depreciate the in the US. He is pioneer for establishing
every revision, the State Governments value Euro which may led investors to the Centre of Excellence in Epigenetics at
are persuaded to fix minimum wages invest in Gold and Dollar to be on the IISER.
such that in none of the scheduled safer side. In this case it may appreciate
employments, the minimum wage is less value of dollar and make it stronger as 4. Cuba becomes first nation to
than NFLMW. compared to Indian rupees. eliminate mother-to-child HIV and
syphilis: WHO
2. Greece becomes first developed 3. Prof. Sanjeev Galande selected for G i. Cuba has become the first country in the
nation to default IMF debt D Birla Award for Scientific Research world to eliminate mother-to-child
i. Greece has become the first developed 2014 transmission of HIV and syphilis. It was
announced by the World Health
nation to default on International
Monetary Fund (IMF) debt. It has Organisation (WHO).
defaulted on a 1.7 billion dollars
payment to IMF.
ii. Announcing the scheme here, Haryana served the Central and Karnataka
Chief Minister Manohar Lal Khattar said Government in various capacities.
the state has become first in the country iv. Shri Balvender Kumar took over the
to launch such an "innovative" scheme. charge from Dr. Anup K Pujari IAS (KN:
iii. Explaining the scheme, the Chief 1980) who is now the Secretary Ministry
ii. Cuba was able to achieve this Minister said at present rural consumers of Micro Small and Medium Enterprises.
milestone with the help and efforts of were being supplied electricity for only
WHO and the Pan American Health 12 hours daily. 7. NASA unveils prototype of plane to
Organisation (PAHO). iv. The consumers in these 310 village s fly on Mars
iii. Since 2010, WHO/PAHO are working falling under these 83 feeders would now i. NASA has unveiled a boomerang-
with partners in Cuba and o ther American be urged to install their meters outside shaped aircraft that could be the first to
countries to implement a regional their houses and ge t their old electricity take flight on Mars to look for potential
initiative to eliminate mother-to-child wires replaced with insulated wires, the landing sites for future m anned mission to
transmission of HIV and syphilis. chief minister said. the red planet.
iv. Services under this initiative were ii. The Prandtlm will be released at
provided as part of an equitable, 6. Dr Anup K Pujari joins as Secretary, about at 100,000 feet altitude, which will
accessible and universal health system. It MSME simulate the flight conditions of the
included services like maternal and child i. Dr Anup K Pujari has been appointed Martian atmosphere, said Al Bowers,
health programs and integrated Secretary of Ministry of Small and NASA Armstrong chief scientist and
programs for HIV and sexually Medium Enterprise s (MSME) here on Prandtlm programme manager.
transmitted infections. Wednesday. iii. The tests could validate how the
aircraft works, leading to modifications
5. 'Mhara Gaon - Jagmag Gaon' that will allow it to fold and de ploy from
scheme launched in Haryana a 3U CubeSat in the aeroshell of a future
i. Haryana government today announced Mars rover.
to launch a voluntary scheme 'Mhara
Gaon - Jagm ag Gaon', aimed at
providing 24-hour uninterrupted power
supply to rural domestic consumers and
improving electricity bill collections in
order to reduce "huge" accumulated
ii. He succeeds Shri Madhav Lal who
losses of power utilities. superannuated on June 30, 2015. Before
joining the Ministry of MSME, Pujari was
holding the charge of Secretary, Mines.
iii. Born in 1956, Pujari is a post-
graduate from the University of Boston,
and a Doctorate in Economics. He has

Daily GK Update - 3rd July 2015

1. Govt releases socio -economic and development minister Chaudhary plan and is sure to benefit millions of
caste census for better policy -making Birendra Singh. people across the country.
i. The socio-economic and caste census iv. According to the census, there are a iii. Earlier, the deadline to rollout full
(SECC) 2011 on Friday painted a grim total number of 24.39 crore households in MNP was May 2, 2015. This was,
picture of rural India, indicating that one the country, of which 17.91 crore live in however, extended by two months afte r
out of three families living in villages is villages. Of these, 10.69 crore the Cellular Operato rs Association of
landless and de pends on manual labour households are considered as deprived. India asked for an extension from the
for livelihood. telecom department.
2. Nationwide Mobile Number iv. With about 3 million intra-circle MNP
Portability goes live requests every month, more than 157
million subscribers have ported to other
operators as of April, according to Trai

3. Airbus to build military choppers in

India with Mahindra
ii. The SECC 2011, also the first i. Europe's Airbus Group and India's
paperless census conducted on hand-held Mahindra Group have struck a deal to
electronic devices by the government, build helicopters jointly as they bid to win
said 23.52% rural families have no i. The countrywide Mobile Number an expected w ave of orders from the
literate adult above 25 years, suggesting Portability (MNP) has become a reality country's armed forces, the companies
a poor state of education among rural today. This means mobile subscribers can said in a statement on Friday.
masses. now keep their existing mobile phone
iii. The census, carried out in 640 districts numbers even while shifting between
under the aegis o f the rural development states and circles.
ministry, was released jointly by finance ii. The move lays the first stone for the
minister Arun Jaitley and rural government's 'One nation, One number'
ii. The two groups will form a joint venture Americas success through their passion
in the coming months, aiming to become for Math and Science.
the first private manufacturer of iii. Presently Darshan Jain is director o f
helicopters in India, the statement said. It mathematics at Adlai E. Stevenson High
did not say how much the two will invest. School in Lincolnshire, Illinois. Previously,
iii. India is in the midst of a huge upgrade he had taught mathematics at this institute
of its armed forces analysts forecast it for eight years.
will spend $250 billion over the next iv. US Presidential Award is aw arded
decade and P rime Minister Narendra annually to outstanding science and
Modi wants to encourage more i. R Paul Singh, Indian-American professo r mathematics teachers from across US
indigenous manufacturing to end India's has been selected for 2015 World from K-12 (kindergarten through 12th
position as the world's largest arm s Agriculture Prize laureate. grades). The award carries monetary
importer. ii. The award w as announced at the prize of US 10000 dollars.
iv. Airbus Helicopters, part of Airbus annual Global Confederation for Higher
Group, is joining forces with Mahindra Education Associations for Agriculture and 7. Union Government launches web
afte r talking to several Indian companies Life Sciences (GCHERA) conference held portal for issuing green clearance
that are investing hundreds of millions of at the Holy Spirit University of Kaslik, Category B projects
dollars to capitali se on the government's Lebanon. i. Union Government has launched a web
push to build arms at home. iii. Singh is known for niche research portal for online submission of
areas of agricultural sector such as applications for environment clearance
4. SBI launches initiative to speed up freezing preservation, energy by State Environment Impact Assessment
home loan applications conservation, post-harvest technology and Authorities (SEIAA) for Category B
mass transfer in food processing. projects.
iv. He had earned a bachelors degree in ii. It was launched by Union Minister o f
agricultural engineering fo rm Punjab State for Environment, Forest and Climate
Agricultural University. He had comple ted Change Prakash Javadekar in New Delhi
his docto rate from Michigan State on the occasion of Digital India Week.
University, US. Soon after the launch of the web portal,
nineteen states instantly have joined it.
6. Indian-American teacher Darshan iii. The environment clearance web portal
i. Country's largest lender State Bank of
India today launched an initiative to Jain receives US Pres idential Award raises the levels of transparency and
accountability as the clearances will be
provide doorstep se rvices and expedite
home loans application process. monitored and carried out effectively on
a real time basis. It will also help to
ii. The initiative known as 'Project Tatkal'
will help get the loan within 10 days reduce pendency for maintaining the
rigours of Environment Clearance process.
afte r receipt of application form and
relevant supporting documents, the bank iv. It should be noted that applications fo r
Environment Clearances under Category
said in a release.
iii. The implementation will be done at B projects unde r EIA notification, 2006
comes under State government for
large centres with sizable home loan
business. approval purpose.
iv. The bank has also recently introduced
an online customer acquisition solution i. Darshan Jain, an Indian-American
(OCAS) for instant e-approval of home teacher has been selected for prestigious
loan applications. Presidential Aw ard for Excellence in
Mathematics and Science Teaching.
5. Indian-American professor R Paul ii. He was named for the award by
Singh named for 2015 World President Barack Obam a along with 107
Agriculture Prize laureate Mathematics and Science teachers across
US. All of them were chosen for shaping

Daily GK Update - 4th July 2015

1. Guinness Book R ecognises Madhya iv. This record broke the earlier the world 2. President of India receives first copy
Pradeshs World Record in Washing record which was jointly held by of book 'Uniki'
Hands Argentina, Peru and Mexico. The joint i. The President of India, Shri Pranab
i. The Guinness Book of World Records record in three countries was created on Mukherjee received the first copy of the
has recognised a record created in October 14, 2011 in which 7,40,870 book 'Uniki' in Hyderabad today (July 3,
Madhya Pradesh on World Hand 2015). The book has been written by Shri
washing Day in 2014. Ch Vidyasagar Rao, Governor of
ii. The mega hand washing event was Maharashtra. The President received the
held on 15 Octobe r 2014 to create book from Shri K Chandrashekar Rao,
awareness about hygiene by washing Chief Minister of Telangana who formally
hands with soap. released it.
iii. It was organised in all the 51 districts
of Madhya Pradesh in over 13 thousand people had washed their hands
places. In it more than 12 lakh 78 simultaneously at different locations.
thousand students had washed their hand
the LCA and the proposed Advanced Madhulika Sikka: Vice President and
Medium Combat Aircraft AMCA. Executive Editor of .Mic.
Abraham Verghese: Physician, Professor
4. BSNL rolls out pre-paid card linked and Author.
mobile wallet
i. BSNL launched a pre-paid card linked 6. Solar Impulse completes epic flight to
mobile wallet service on Friday which Hawaii
allows customers to transfer cash, pay fo r i. Solar Impulse, the aeroplane that is
services as well as withdraw cash of up to powered only by the sun, has landed in
ii. Speaking on the occasion, the President Rs 1 lakh. Hawaii after making a historic 7,200km
appealed to the people of both the flight across the Pacific from Japan.
states of Andhra Prade sh and Telangana
to work in close harmony, so as to ensure
sustainable development and bette rment
of the people of the country and help it
earn its rightful place in the comity of
nations. He said that we all belong to
iii. He stated that we need to remember
that we can choose our friends but cannot ii. The distance covered and the time
choose our neighbours. Therefore, it is us ii. The wallet service, Speed Pay, allows spent in the air - 118 hours - are records
for decide whether we should live in a customer to load money even if he does for manned, solar-powered flight. The
harmony and peace with our neighbours. not have a bank account. The money duration is also an absolute record for a
iv. He stated that the title, 'Uniki', which loaded in the wallet can be transferred solo, un-refuelled journey.
means Existence, evokes a philosophical to an account and even withdrawn at iii. Mr Borschberg's time betters that of
view of the issues and events that have branches or at BSNL outlets. the American adventurer Steve Fossett
been written about in this book. iii. Loading money into a mobile wallet who spent 76 hours aloft in a single-
from a bank account is an option. BSNL seater jet in 2006.
3. C D Balaji took charge as Director of customers who don't have bank accounts iv. Solar Impulse's slow speed, light
the Aeronautical Development Agency can also load money at any BSNL retail weight and 72m wingspan put significant
i. Commodore C D Balaji (Retd) on 3 July outlet and ask the retailer to recharge constraints on the type of weather the
2015 took charge as the Director of the their mobile wallet account and pay for
vehicle can handle, and that first sortie
Aeronautical Development Agency (ADA) various services. was aborted after just one day in the air
and Programme Directo r of the Light iv. There will be one-per cent transaction
because of a fast developing cold front
Combat Aircraft (LCA). charge if money from the wallet is ahead of it.
ii. He succeeded P S Subramanyam, transferred to other bank accounts or a
7. Former CJI Y K Sabharwal passes
Distinguished Scientist, who there is cash withdrawal. away
superannuated on 30 June 2015.
i. Former Chief Justice of India Y K
5. 4 Indian-Americans honoured with Sabharwal passed aw ay here last
Great Immigrants award 2015 in United
evening. 73-year-old Justice Sabharw al
States is survived by two sons Chetan and Nitin.
i. Four Indian-Americans have been
The cremation will take place today.
honoured withprestigious Great ii. Justice Sabharwal was CJI from
Immigrants, The Pride of America award
November 1, 2005 to January 13, 2007.
2015. They are among 38 distinguished iii. He was elevated as an additional
iii. Prior to this appointment, Balaji, an personalities from more than 30 countries
judge of the Delhi High Court in 1986
outsatnding scientists, was Project Directo r around the world who have been and became its permanent judge in April
of the LCAs naval version. He was honoured with this years award. 1987.
commissioned into the Indian Navy's iv. From Delhi High Court, he went to
engineering branch in September 1978 Bombay High Court as chief justice
and since then, he has specialised in the before being appointed as a judge of
Naval Aviation Arm. the SC on January 28, 2001.
iv. He served as an Air Engineer Office r v. Justice Sabharwal delivered several
of INAS 310 (Alize aircraft) for about 3 important judgements including the
years embarking the Aircraft Carrier verdict in January 2006, that held the
Vikrant. He joined ADA on deputation in ii. The award is given by New York- dissolution of Bihar Assembly as illegal
2002 to work on the development of a based Carnegie Corporation on the and unconstitutional.
naval version of the light fighter. In occasion of Independence Day of United
December 2006, he left the Navy and States i.e. 4th July.
fully moved to ADA. Preet Bharara: US Attorney, Southern
v. Based in Bengaluru, ADA is the premier District of New York.
multi-agency body spearheading the Rakesh Khurana: Dean of Harvard
development of combat aircraft for the College and Marvin Bower Professor o f
Air Force and the Navy- among them is
Leadership and Development.
Daily GK Update - 5th and 6th July 2015
1. C-DO T launches solar powered, long i. Having all but booked a berth in next
distance WiFi hotspots years Rio Olympics, Indian womens
i. As part o f the 'Digital India Week', hockey team arrived in New Delhi early
Centre for Development of Telematics (C - morning to a grand welcome amidst
DOT) on Monday launched four new beating of drum s and loud cheers.
products including solar powered Wi -Fi
and long distance Wi-Fi.
ii. The solar powered Wi-Fi ho tspo ts can i. Last week, the finance ministry
be used for smart cities, rural schools or announced the commencement of the
panchayats, extending broadband electronic filing of income tax returns fo r
connectivity remote/ unconnected places. 2015-16. The department had notified
It can also be used in ship to ship the revised forms two weeks back, afte r
communications in deep seas. the earlier forms were criticised fo r
seeking unwieldy additional details on
ii. India womens teams lone Olympic taxpayers' fo reign travel and dormant
appearance was at Moscow in 1980. bank accounts.
Effectively, Indias fifth spot should secure ii. starting this time, the ITR forms now
them an Olympic Games ticket when the have a space for Aadhaar card holders
countdown to allocate spots takes place. to provide their Unique Identification
iii. Indian womens team skipper Ritu Rani Numbers.
said they will begin their preparations fo r iii. The tax department has also
iii. The state-of-the-art telecommunication the Olympics instantly even though they introduced the new three-page simplified
technology developer that launched long- still aw ait an official confirmation from form called ITR-2A for those who may
distance Wi-Fi, said such technology can the International Hockey Federation (FIH) own more than one residential property ,
be used for operator sharing, support to iv. Three teams The Netherlands, South but do not have any capital gains.
link redundancy in case of failure of one Korea and Australia have secured their iv. Most of these sites have a freemium
radio/ link. Rio de Janeiro tickets, but South Korea model, where the basic ITR-1 filing is
iv. Apart from these, C -DOT also have already earned an Olympic slot by free. However, for the more complicated
launched Next Generation Network winning the Asian Games gold medal. filings such as for small businesses and
solution that will address the needs of the personal CA assistance, you'll have to
changing telecom scenario and would 4. Tata Teleservices appoints Anuraag pay.
enable smooth transition from Time Srivastava as CFO
Division Multiplexing (TDM) to Voice over 6. Lewis Hamilton wins 2015 Birtish
Internet Protocol (VoIP). Grand Prix of F1
i. Mercedes driver Lewis Hamilton of
2. Uttar Pradesh first to have vehicle Britain won 2015 Birtish Grand Prix of
tracking system Formula One (F1). This was his fourth
i. Uttar Pradesh S tate Road Transport victory of the season and his second of
Corporation (UPSRTC) has become the Birtish Grand Prix.
first State transport corpo ration to have a
vehicle tracking system for inter-city
buses, which has led to a reduction in
accidents and deaths as drivers are wary
of crossing the speed limits. i. Telecom service provider Tata
Teleservices today announced the
appointment of Anuraag Srivastava as its
Chief Financial Officer with immediate ii.
effect. Prior to taking up the new role, With this victory Hamilton became second
Srivastava served Indus Towers as Senior British F1 driver to win Birtish Grand Prix
Vice-President of Internal Audit and two times after David Coulthard.
Assurance. iii. The drivers ranking after B ritish Grand
ii. He brings with him over 20 years o f Prix 2015
experience as a finance professional with Lewis Hamilton (Britain) of Mercedes.
ii. In a passenger-friendly IT initiative, leadership roles in finance and consumer
Nico Rosberg (Germany) of
UPSRTC is also in talks with Delhi goods and telecom businesses across
Transport Corporation and State multiple geographies, including India, the
transport undertakings in Haryana, US and South Asia. Sebastian Vettel (Germany) of
Rajasthan and Himachal to have a iii. Tata Teleservices has established itself Ferrari.
common bus travel card, apart from Delhi as a trusted and one of the most relied Felipe Massa (Brazil) of Williams.
Metro Rail Corporation. upon innovative telecom brands in the
iii. This is to ensure that the smart cards country and is rapidly scaling its 7. US wins Womens FIFA World Cup
used by UPSRTC passengers (issued by businesses across the markets, Srivastava for 3rd time
State Bank of India and ICICI Bank) said.
become interoperable with these Metro
rail systems and buses, said Meshram at 5. E-filing of ITR: Aadhaar can be linked
a PHDCCI event here. for eas ier processing

3. India womens hockey team arrive to

grand welcome
i. United S tates (US) won the 2015 FIFA Golden Glove Award: Hope Solo (US). Argentina team only Lionel Messi scored
Womens World Cup. It is overall third goal in the penalty shoot.
world cup title of US. In the World Cup 8. Chile wins Copa America title 2015 iii. The Copa America (means America
final match played at Vancouver, of football for first time Cup in Spanish and Portuguese) title is an
Canada US defeated Japan by 5-2 i. Chile won South Americas most annual international football
goals score. prestigious football trophy, the Copa competition.It is played between the
ii. US captain and skipper Carli Lloyd America title 2015 for the first time. It is mens national football teams of South
scored three goals. Lauren Holiday and Chiles first ever international trophy in American Football Confederation
Tobin Heath scored one goal each. Football. In the final match played at (CONMEBOL).
iii. The important awards in women world Santiago de Chile, the hosts defeated 14
cup : times champion Argentina by 4-1 goals in
Golden Ball Award: Carli Lloyd (US), the penalty shootout as regular match
Amandine Henry (France), Aya Miyama had ended in a goal-less draw.
(Japan). ii. In the penalty shootout Matas
Golden Boot Award: Celia Sasic Fernndez, Arturo Vidal, Alexis Sanchez
(Germany), Carli Lloyd (US), Anja Mittag and Charles Arnguiz of Chilean team
(Germany). scored 1 goal each. While from

Daily GK Update - 7th July 2015

1. ICRISAT unveils $300 phablet for agencies. He described Rani Durgavati as
farmers "another arrow in the quiver of the Coast
i. Farmers now can have customised tips Guard.
on their phablet on the kind of iii. Rani Durgavati, the third in a series o f
agricultural inputs they might require fo r five inshore patrol vessels of the Coast
their field. Guard, is named after the legendary
ii. Based on the specific soil health of their Gond Queen who defeated the army of
small chunks of lands, scientists at the Baz Bahadur of the Mughal Army.
International Crops Research Institute for iv. Hindustan Shipyard Ltd which had built
Semi-Arid Tropics (ICRISAT) and 174 ships and repaired 2,000 vessels
Government of Telangana would send ii. Aiming to learn more about the state's across the range, including submarines.
timely messages to the farmers through water conservation programme, a
the phablet. delegation from Rajasthan, comprising a 4. Pres ident Pranab Mukherjee
minister and senior bureaucrats are on Inaugurates 'Nakshatra Vatika'
Maharashtra tour and will visit a few site s i. President Pranab Mukherjee today
where the project is currently underway. inaugurated a 'Nakshatra Vatika' in the
iii. "Jalyukta Shivar Abhiyan is an gardens of Rashtrapati Nilayam in
ambitious program o f Chief Ministe r Hyderabad, one of the Presidential
Devendra Fadnavis and he has toured Retreats. He took a round of the garden
almost each and every district to visit the and wate red a plant representing 'Surya'
project site s," Pankaja Munde, minister for or the Sun God.
iii. The Hyderabad-headquartered water conservation said.
ICRISAT launched the Green Phablet, iv. Meanwhile, after successfully involving
priced at $300 (about Rs. 18,600), for people in implementing the scheme,
farmers in Telangana. The institute would Munde is considering to organise a
maintain servers to safe keep the 'Jalchetana Yatra' across the state from
information. And even if a user loses his 2nd October.
device, he would be able to get back the
information in no time. 3. Inshore patrol vessel Rani Durgavati
iv. ICRISAT Director-General David joins Indian Coast Guard
Bergvinson signed a tripartite agreement i. Inshore patrol vessel Rani Durgavati ii. He was accompanied by Governor of
on Tuesday with the Departments o f was inducted into the Coast Guard here Telangana and Andhra Pradesh E S L
Agriculture and Information Technology to on Friday at a ceremony where the Flag Narasimhan and Telangana De puty Chief
collaborate in transforming agriculture Officer Commanding-in-Chief of the Minister Mohammad Ali, an official
using digital technologies. Eastern Naval Command, Vice-Admiral release said.
v. Addressing a gathering later, Satish Soni, was the chief guest. iii. The garden will be open to public
Telangana IT Minister KT Rama Rao said along with other gardens of the Nilayam
that there was a need to bring down the in the first week of January 2016. The
cost of the device to Rs. 10,000 to make layout of 'Nakshatra Vatika' has been
it affo rdable for farmers. developed in various geometrical
combinations corresponding to the Sree
2. Rajasthan might emulate Chakra of Vedic astrology on a 0.91
Maharashtra's 'Jal Yukt Shivar acre plot.
Abhiyan' iv. Each square is planted with a
i. Impressed with the progress of ii. Vice-Admiral Soni said coastal security particular tree or plant variety that
Maharashtra's 'Jal Yukt Shivar Abhiyan,' had undergone a sea change afte r represents the respective planet and is
Rajashtan may also adopt the state's 26/11, and added that all agencies placed as per the astronomical direction.
flagship water conservation and were important partners in preparedness. The first inner circular band is divided in
Integrated wate r management scheme. However, the Coast Guard was the most 12 small circles at parts of 30A each
important one in coordinating with various corresponding to the 12 Rashi (zodiac
sign). Each has a plant that represents the for re financing of loans given to sm all master's degree in English Literature from
particular zodiac sign. enterprise s. the Beijing Foreign Studies University and
ii. As per the agreement, the Bank will was a Hubert Humphrey Fellow in Boston
5. India skipper Mithali Raj completes offer credit facilities up to Rs 10 lakh to University's economics graduate
5000 runs in women's ODIs micro enterprises, at a compe titive programme.
interest rate under Pradhan Mantri iv. The nominations for the post o f
Mudra Yojana (PMMY) and Mudra will president can be sent by the regional
be providing refinance assistance to the members by 31 July 2015 and the name
bank for eligible sanctioned loan cases. of the president-designate will be
iii. The refinance scheme will be finalised at the 6th Chief Nego tiato rs'
implemented through all the branches of Meeting of the AIIB founding members in
the lender. August 2015.
iv. Last week, Bank of Maharashtra had
also signed an agreement with Mudra 8. Renowned Urdu novelist Abdullah
Bank for refinancing of loans given to Hussain passed away
i. Skipper Mithali Raj scripte d a new new entrepreneurs and small businesses. i. Renowned Urdu novelist from Pakistan
chapter in the history of Indian women's Abdullah Hussain died on 4 July 2015 in
cricket as she became the first from the 7. China nominated Jin Liqun, former Lahore after battling with blood cancer.
country and overall second to reach the Chinese Finance Minster, for the post of He was 84.He is survived by his wife, a
5000-run milestone in one-day AIIB President son and a daughter.
internationals. i. Former Finance Minster of China Jin ii. He authored the bestseller and
ii. Her stylish unbeaten knock of 81 in Liqun was in news as on 6 July 2015 he critically acclaimed novel Udas N aslain, it
Bengaluru on Monday guided the team to was nominated by China to be the first is considered as a masterpiece of Urdu
an eight-wicket victory over New president of the Beijing-backed Asian literature. His other famous novels are
Zealand, thereby leveling the five-match Infrastructure Investment Bank (AIIB). Baagh, Nadaar Loag and short sto ries
series 2-2. Faraib and Nashaib. Hussain was also
iii. With the help of her pivotal innings, awarded with the Prime Ministe r's
India chased down the target of 220 only Lifetime Achievement Award in 2015 fo r
in 44.2 overs. Before Mithali, only English his work.
woman Charlotte Edw ards had iii. Hussai w as born as Mohammad Khan
completed 5000 runs in ODIs. on 14 August 1931 in Gujrat, Punjab
iv. Mithali fabulous innings was decorated Province of Pakistan. He did his schooling
with 10 well-timed boundaries. However, and graduation from Zameendar College
Harmanpreet Kaur's fireworks of 32 runs of Pakistan.
in 25 balls, with the help of four ii. At present, Jin (65) is Secretary
boundaries and two giant sixes, also General of AIIB 's interim secretariat.
entertained the crowd. Harmanpreet Earlier, he has held positions at the
ended the match with a straight six off World Bank and was the first Chinese
spinner Leigh Kasperek. national to serve as a vice president at
the Japan-controlled Asian Development
6. IDBI signs refinance agreement with Bank (ADB).
Mudra Bank iii. Before joining AIIB in 2014, Jin was
i. State -run IDBI Bank today said it has chairman of China International Capital
signed an agreement with Mudra Bank Corporation, one of the mainland's
largest investment banks. He holds a

Daily GK update: 8 July 2015

1. According to World Bank Report iii) Mid-day meal scheme (under Ministry i) UGC has approved for financial
"MGNREGA" worlds largest public of Human Resource Development) has assistance to 19 colleges for conserving
works programme been classified as biggest school feeding campuses and specialised courses related
i) World Bank has ranked the Mahatma programme. It benefits around 105 to heritage
Gandhi National Rural Employment million beneficiaries.
Gurantee Act (MGNREGA) as the worlds iv) Janani Suraksha Yojna (Under Ministry
largest public works pro gramme. of Health and Family Welfare) is top -
ii) It was revealed in recently released most social security programme with
World Bank Groups report titled The conditional cash transfers. It has 78
State of Social Safety Nets 2015. million beneficiaries.
Report Highlights MGNREGA (under v) Indira Gandhi National Old Age
Ministry of Rural Development) provides Pension Scheme (under Ministry of Rural
social security net to 182 million Development) is the second-largest
beneficiaries i.e. almost 15 per cent of unconditional cash transfer social security
the Indias population. progamme in the world. Five middle-
income countries running the worlds
largest social safe ty net programmes are
India, China, South Africa and Ethiopia.
ii) The colleges which have been granted
2. UGC grants heritage status to 19 the status include St.Xaviers College,
colleges Mumbai; CMS College Kottayam; St
Joseph College, Trichy; Khalsa College,
Amritsar; St Bedes College, Shimla, Christ
Church College in Kanpur, Old Agra 4. BRICS Central Banks Sign Forex of India. Dr. Ashok Haldia has diversified
College, Agra; Meerut College, Meerut Reserves Pool Pact. experience of project financing and
and Langat Singh College in Bihars i) The five major emerging national industrial financing policy, public sector
Muzaffarpur. economies, known by the acronym BRICS, policy reforms, evaluation and
iii) Others which have figured in the list were a step closer to setting up a $100 management, power sector reform,
are Govt.Brennan College, Kerala; billion pool of mutual reserves by signing restructuring and financing.
University College in Mangalore, Cotton an operational agreement
College in Guwahati, Midnapo re college 6. K7 Computing signs pact with ICT
in West Bengal, Govt Medical Science in Academy
Jabalpur, Deccan Education Societys i) K7 Computing Pvt. Ltd, a Chennai-
Fergusson College in Pune, Hislop college based provider of safe and secure
in Nagpur, Govt. Gandhi Memorial computing experience, has signed a
Science College in Jammu, Kanya memorandum with ICT Academy of Tamil
Mahavidyalya in Jalandhar and S t ii) The pool would be drawn on by the Nadu to jointly conduct 12 power
Xaviers College in Kolkata. central banks of Brazil, Russia, India, seminars across the state and ICT
China and South Africa whenever they awareness week in six cities.
3. Infosys signs multi-year agreement suffered a shortage of dollar liquidity, ii) The seminar will be held in Chennai,
with Deutsche Bank. helping them maintain financial stability, Coimbatore, Madurai, Tiruchirapalli,
i) Infosys, Indias second largest IT Russias central bank said. Salem and Tirunelveli and will highlight
services exporter, on Wednesday iii) The Bank of Russia in Moscow. The the importance of cyber security and the
announced that it has signed a multi-year central banks of Brazil, Russia, India, latest developments within that spectrum,
agreement with Deutsche Bank. China and South Africa have signed an says a pre ss release from K7.
operational pact to se t up a pool of iii) The academy, a Government of India,
foreign exchange reserves. Government of Tamil Nadu and Industry
iv) Financial stability has been Moscows initiative, has introduced a platfo rm for
sore point over the past year as the all the stakeholders to discuss improving
Russian economy has slipped into the industry-institute interaction on the key
recession, while the country has lost access issues.
to global capital markets, due to
Western sanctions, and has had to drain 7. India, Kazakhstan launch firs t
billions of dollars from its reserves. drilling at Satpayev oil block of O VL
ii) Under the terms of the deal, Infosys i) India and Kazakhstan launched the first
will provide services like development, 5. Ashok Haldia appointed MD and exploratory drilling at Satpayev oil block
application maintenance, digital and CEO of PTC India Financial Services owned by Indias ONGC Videsh Limited
mobility, package implementation and i) PTC India Financial Services said on (OVL) and Kazakhstan company
testing services across the Deutsche Bank Wednesday that Ashok Haldia was KazMunaiGaz. It was jointly launched by
Group, Infosys press release said. appointed the companys new Managing Prime Minister Narendra Modi and
iii) Deutsche Bank is committed to Director and Chief Executive Officer. Kazakhstan premier Karim Massimov in
applying innovative technology to ii) Haldia has been a part of the Astana, Kazakh capital.
enhance its efficiency and service to companys board as a whole-time ii) Satpayev oil block is an offshore field
clients. Working with Infosys will help the director for the last seven years. Prior to located in the Northern Caspian Sea. It
bank to achieve these go als, Kim joining PTC India Financial Services, has potential reserves estim ated at 1.8
Hammonds, Global Chief Inform ation Haldia served as a Secretary in the billion barrels crude oil and natural gas.
Officer, Deutsche Bank said.of the Institute of Chartered Accounts of India.
company unless it is required by law. He has also been a member of several
iv) Deutsche Banks Supplier Partnership Central Government committees.
Program was successfully launched in iii) Dr. Ashok Haldia is Whole Time
June 2014 to concentrate the most Director of PTC India Financial Services
strate gic vendors based on business Limited. A member of the Institute of
impact across all categories of the bank. Chartered Accountants of India, Institute
of Company Secretaries of India and the
Institute of Cost and Works Accountants
Daily GK Update - 9th July 2015
1. eMudhra launches eSign Services iii. As part of the Digital India Vision, i. Credit Information Bureau India Ltd
i. eMudhra Limited, a leading certifying Prime Minister launched eSign services in (CIBIL), Indias leader in credit
firm in the country for digital signature s the country on July 1st. information, has appointed Satish Pillai as
launched first of its kind eSign services in iv. ESign can "revolutionise" the way its new Managing Director and Chief
the country as part of the Digital India business and governance is conducted in Executive Officer on Thursday.
Vision. the country and pave the way for a
ii. ESign is an online electronic signature digital transformation into a paperless
service which can facilitate an Aadhaar environment, eMudhra said in a
holder to digitally sign a document within statement.
seconds. The signatures generated by v. By using eMlocker along with eSign,
eSign are legally valid and secure under one can store documents such as PAN
the Information Technology Act, 2000 cards, Aadhaar cards, electricity bills or
any other documents electronically.
ii. Pillai succeeds Arun Thukral who retire s
2. Satish Pillai, new MD & CEO of CIBIL this year after a decade. Satish Pillai has
been serving CIBIL in the capacity of
Chief Operating Officer for more than
four years where he was responsible fo r ii. With this he became the first person afte r continuous tussle between the LG
product development and bureau from private sector to be appointed as and the Arvind Kejriwal-led government.
operations. head of a public sector financial iv. Pal was removed by the AAP
iii. Earlier, Pillai led TransUnions institution. government after he signed a notification
operations in India overlooking the iii. Presently, Kalyanaram an is director - appointing Joint Commissioner of Delhi
creation of the solutions team that business development Equifax Credit Police M K Meena as new chief of Anti -
supported generic and custom analytics Information Services. Prior to joining Corruption Branch (ACB) following Jung's
and decisioning technologies, including Equifax, he was Director, Business Clients order.
the launch of the CIBIL TransUnion Score- and Asset Products at Deutsche Bank
Indias first generic sco ring model, CIBIL India. 7. Essar Oil signs pact to sell 49% stake
said in a statement. iv. NHB is apex regulator for housing to Russia's Rosneft
iv. CIBIL, Indias largest credit inform ation finance sector and a wholly owned i. Russian oil firm Rosneft will buy 49 per
bureau, maintains credit information on subsidiary of Reserve Bank of India (RBI). cent stake in Essar Oil, the firm that owns
more than 406 million consumer accounts India's second biggest oil refinery, for an
and 22 million business accounts and has 5. Indian Railways launches Mobile undisclosed amount, the Ruia-owned firm
a membership base of over 1400 banks ticketing app for suburban commuters said on Thursday.
and credit institutions. in Mumbai
i. Indian Railways launched a mobile
3. Lord Kamlesh Patel becomes firs t ticketing application for unre served
British-Asian appointee to ECB Director tickets for commuters in Western Railway.
It was launched by Union Railway
Minister Suresh Prabhu. This mobile
ticketing service will cover 35 stations
between the 123 km long Churchgate -
Dhauroad and facilitate a hassle free ii. The proposed transaction is conditional
travel for lakhs of daily passengers in upon various factors such as due
Mumbai. diligence, determination of the
transaction price, execution of definitive
transaction documents and receipt of
i. Professor Lord Kamlesh Patel has
requisite approvals
become the first British Asian to be
iii. Also, a Long Term Crude Oil Supply
appointed as Director of England and
Agreement by the two firms in was signed
Wales Cricket Board (ECB).
in Ufa, Russia for import of 10 million
ii. He succeeds Lord Mo rris o f
tonnes a year of crude oil for a period of
Handsworth, who had stepped down
10 years.
afte r 11 years as an ECB Director. Lord
iv. This contract has been signed in
Patel was born to Indian parents in
ii. The app is based for both Android and pursuance to the Key Terms executed
Nairobi, Kenya. He later had moved to
Windows platforms and it can be between the two companies in December
United Kingdom. He hails from Bradford
downloaded from Google Play Store or 2014 at New Delhi.
and is a leading voice on health, social
Windows Store by the user.
care and community cohesion in UK.
iii. The app provides necessary on-screen 8. Indian athletes win more than 150
iii. Presently, he is Labour Peer in the
alerts to guide the passenger during the medals at World Police & Fire Games
House of Lords and professor at the
booking process. Payment for booking i. Indian athletes put up an impressive
University of East London. He is also Chair
the ticket can be done through railway show at the 2015 World Police & Fire
of the Bradford Teaching Hospitals NHS
wallet feature in the App. Passenger will Games which concluded here on Sunday,
Foundations Trust and is a fo rmer
get ticke t confirmation screen afte r winning more than 150 medals.
Chairman of the Mental Health Act
booking the ticket. ii. Hosts United States won by far the
most medals, 1,777, including nearly 700
iv. He had played cricket for number o f
6. Sanjeev Nandan Sahai appointed as golds. Canada finished second with
local clubs and was allrounder. He had
Delhi's new Home Secretary nearly 430 medals.
retired in 1998 from cricket afte r taking
i. Senior IAS officer Sanjeev Nandan iii. The Indian athletess tally included 89
all 10 wickets in a league game. He
Sahai was today appointed as the new golds and 50 silvers. They competed in
formerly had worked for the Yorkshire
Home Secretary of Delhi, ending a bitter only seven sporting categories: athletics,
Cricket Academy as a part-time coach.
tussle between Lieutenant Governor wrestling, boxing, judo, archery,
Najeeb Jung and the AAP government. swimming and shooting.
4. Union Government appoints Sriram
ii. The order appointing Sahai, a 1986 iv. Kaur, an assistant sub inspector with
Kalyanaraman as MD and CEO of NHB
batch Union Territory cadre officer, was Punjab Police, earned 5 gold medals in
i. Union government has appointed
issued by Union Home Ministry, official the track and field events, winning every
Sriram Kalyanaraman as the Managing
sources said. event she competed in. CRPFs Mishra,
Director (MD) and Chief Executive Officer
who was taking part in her fifth Police &
(CEO) of National Housing Bank (NHB)
Fire Games, won an impressive 6 golds
for a period of five years.
and 2 silvers in swimming events.

iii. Sahai's name was zeroed in as a

compromise candidate for the high post
Daily GK Update: 10th July 2015
1. India gets full membership of has se t a Guinness World Record fo r Zone. Apart from it, Jammu and Kashmir,
Shanghai Cooperation Organisation spending longest time in space with a Himachal Pradesh, Rann of Kutch
i. India today bagged the full total of 804 days as on July 2015. With (Gujarat), Northern Bihar and Andam an
membership of the Shanghai Cooperation this he broke the previous record of 803 & Nicobar Islands also fall under this
Organisation (SCO) along with Pakistan. days, nine hours and 41 minute s set by seismic zone.
ii. Prime Minister Narendra Modi Russian cosmonaut Sergei Krikalev (now
congratulated P akistan on joining the retired) across six missions from 1998 to 5. State Bank of Travancore (SBT) has
SCO. 2005. launched the SBT NRI Family Card'
Modi is on a three-day visit to Russia to i. State Bank of Travancore (SBT) has
attend the BRICS and SCO summits launched the SBT NRI Family Card, a
iii. Indian PM Narendra Modi has prepaid card for resident Indians
accepted an invitation from his Pakistani family member/dependent/acquaintance
counterpart Nawaz Sharif to attend a of NRIs.
regional summit in Islamabad next year.

ii. Gennady Padalka was selected as a ii. The prepaid card can be used for cash
cosmonaut candidate at the Gagarin withdraw als through ATM, online
Cosmonaut Training Center in 1989. payments and POS (point of sale)
iii. Currently, he is the commander of the payments at merchant establishments.
International Space Station (ISS) which is Jeevandas Narayan, Managing Director,
orbiting the Earth. He is associated with launched the card at a function held at
2. Bharat Electronics-made Akash ISS from 2000 and had taken part in the NRI Premium Banking Branch of the
inducted into Indian Air Force various space expeditions. bank here.
i) Defence PSU Bharat Electronics made iv. Padalka is going to return to Earth in iii. A card holder in India can now easily
Akash inducted into Indian Air Force. September 2015. When he will return to receive remittances from an NRI by way
ii) BEL, the nodal agency and supplies Earth, he would have spent record total of periodic recharge through the NRIs
major sub-systems, today at a ceremony 877 days or around 2.5 years in space. internet banking account.
held at Air Force Station, Gwalior,
handed over the missile system. 6. Exim Bank, BRICS member
4. Uttarakhand gets Indias firs t development banks ink MoU with New
earthquake early warning system Development Bank
i. Uttarakhand became first Indian state i. Export-Import Bank of India (Exim Bank)
to install a system to detect earthquakes today said it has signed a multilateral
and disseminate warnings. The first agreement to cooperate with New
system has been installed in its capital Development Bank (NDB) along with
Dehradun which will issue warnings 1 -40 other member development banks o f
seconds before earthquakes of BRICS nations.
magnitude 5 or more occur. ii. New Development Bank (NDB) is
promoted by the BRICS nations -- B razil,
iii) Akash is a great success story of the Russia, India, China, and South Africa. The
Make in India initiative and Bharat agreement was signed between Exim
Electronics Limited is proud to be a part Bank Chairman and Managing Directo r
of it. Barring a few electronic Yaduvendra Mathur and Chairpersons or
components, every bit of Akash has the Presidents of other member development
Made in India' tag. Almost 92 pe r cent banks of BRICS in Ufa, Russia during the
of the total cost of inputs is source d within BRICS Summit 2015, a bank release said.
India. iii. Exim Bank also signed a cooperation
iv)The induction of Akash into the Indian agreement with Brazilian Development
Air Force was marked by the symbolic Bank (BNDES).This MoU is aimed at
handing over of the key of the weapon ii. The system is designed and sharing of knowledge, information and
system by S K Sharma, Chairm an and manufactured by Italian firm, Space best practices; capacity building of
Managing Director, BEL, to the Defence Dynamics which already has installed it in personnel, including project development
Minister, Manohar Parrikar, who in turn Japan, Italy and US. skills; promotion of joint events, research
handed over the key to Air Chief Marshal iii. The system is incorporated with sensors and programmes; development of
Arup Raha, Chief of the Air Staff. S which are capable to detect P (Primary) effective and sustainable financing
Christopher, Director General, DRDO, and S (Secondary) waves generated solutions for projects of mutual interest,
was present. The ceremony was also during an earthquake. It is capable to
attended by senior dignitaries of the detect the harmless P w ave, which travels 7. PM Modi proposes Das Kadam: Ten
Ministry of Defence, Indian Air Force, faster than the S wave for advance Steps for the Future for BRICS nations
DRDO and Defence PSUs. warning. The 10 steps (10 kadam) suggested by
iv. The second system will be established PM Modi are:
3. Russian cosmonaut Gennady at Pithoragarh in the Kumaon region of 1. Trade fair
Padalka sets record for spending Uttarakhand. According to the Bureau of 2. Railway Research Centre
longest time in space Indian Standards (BIS), Uttarakhand falls 3. Cooperation among supreme audit
i. Russian co smonaut Gennady Padalka under seismic zone V i.e. High-Risk Seismic institutions
4. Digital Initiative 10. BRICS film festival India will be
5. Agricultural Research Centre hosting the 8th BRICS summit in 2016.
6. State/Local Government's Forum
7. Cooperation amongst cities in field o f
8. BRICS Sports Council
9. Annual Sports Meet

Daily GK update: 11th July 2015

1. Isro's PSLV rocket powers five British 2028, as per official estim ates. But the
satellites into orbit government also says that population
i. India ferried five British satellites into growth rate of the country has declined
orbit on its space warhorse PSLV-C28 significantly from 21.54 percent for the
that blasted off from Isros Satish Dhawan decade of 1991-2000 to 17.64 percent
Space Centre at Srikarihota in Andhra during 2001-11.
Pradesh on Friday night. iv. Out o f 36 states and Union te rritories,
ii. The rocket blasted off sharp at 9:58pm 24 have reached population stabilisation.
from the first launch pad with five
satellite s together weighing around 3. Nationwide model science labs
1,440kg, marking the space agency's programme launched by Dr A P J Abdul
heaviest commercial mission so far. Kalam ii. MPEDA is a nodal agency for
iii. The five international satellites were i. To inculcate scientific temperament promotion of marine exports from India
launched as part of the arrangement among students, government has under Union Ministry of Commerce and
entered into between DMC International proposed to set up model science labs Industry.
Imaging (DMCii), a wholly owned across the country, beginning with the iii. With this application, MPEDA will
subsidiary of SSTL, UK and Antrix North East region. The labs aim to ignite provide price related m arket inform ation
Corporation Limited. passion and nurture spirit of enquiry and of Vannamei shrimp and BT shrimp to
creativity for mathematics and science in farmers over SMS on a missed call to a
students between 6-18 years of age. predetermined number. On receipt of the
missed call, information on price o f
Vannamei shrimp and BT shrimp for
different grades in major markets like
Japan, USA and EU will be provided by
iv. The authority also launched a mobile
applications named mKRISHI that will
iv. These satellites can image any target provide an easy tool for book keeping,
on the Earth's surface every day. Major advisory services and weather
application areas include surveying the informations. It is an Android mobile
resources on earth and its environment, ii. The initiative would be launched application which has been developed by
managing urban infrastructure and through the Department of Science and MPEDA and TCS Innovation Lab, Mumbai
monitoring disasters. Technology, HRD Minister Smriti Irani said (as part of its CSR initiative).
v. The last such major launch by Isro was while addressing a gathering of students
on June 30, 2014 when France's SPOT 7 through video- conferencing during the 5. Prince Saud al-Faisal, Worlds longes t
satellite weighing 714kg w as carried by launch the Rashtriya Avishkar Abhiyan serving Foreign Minister passes away
a PSLV rocket. programme in New Delhi. Let us begin i. Prince Saud al-Faisal, former foreign
with North East by setting up one model minister of Saudi Arabia passed aw ay in
2. On World Population Day, Indians lab for school children. United States. He was 75. He was the
number 1,274,234,538 iii. Former President APJ Abdul Kalam Saudi kingdoms foreign minister for 4
i. On World Population Day, Indians launched the programme in the presence decades (from 1975 to 2015). He had
numbered 1,274,234,538 at 2.30 p.m. of Minister of State of HRD Ram Shankar retired in April 2015 and w as succeeded
on Saturday, constituting an estimated Katharia, Minister of State fo r by Adel al-Jubeir.
17.23 percent of the overall global Development of North Eastern Region
inhabitation of humans, as per data and Department of Space Jitendra Singh,
available with an independent socio- Science and Technology Minister Harsh
economic statistical organisation. Vardhan.

4. MPEDA launched mobile-based

applications to help farmers capture
data through mobile
i. The Marine Products Export ii. He had served under four Saudi kings
Development Authority (MPEDA) on 9 July and had advanced the kingdoms foreign
ii. According to, which 2015 launched two mobile based
compiled secondary level socio-economic policy, especially after the 9/11 attacks
applications to help farmers get prices on in US. It should be noted that he was
statistical information on India based on shrimp and capture data on aquaculture
official figures, the numbers were based worlds longest-serving foreign minister.
through mobile. Moreover, MPEDA also iii. Saud al-Faisal was son of King Faisal
on data from the National Commission on revamped its website and launched an
Population and the US Census Bureau. and was born on 2 January 1940 in Taif
online registration portal for exporters. near Mecca. In the 1960s, he started his
iii. India has been forecast to overtake
China as the most populous country by career as consultant for Petroleum
Ministry of Saudi Kingdom.
iii. Sharif was one of the few Arab actors a rain-soaked pitch at the Sher-e-Bangla
6. Famous Hollywood actor Umer Sharif who succeed to make it to Hollywood. He National Stadium.
passed away won international fame and an Oscar- iii. Rabada, selected ahead of
i. Actor Omar Sharif, famous for his title nomination for best supporting actor fo r experienced Morne Morkel, struck in the
role as Doctor Zhivago in the Oscar- his role in the 1962 film Lawrence of third ball of his second over when he sent
winning film, has died at the age of 83. Arabia with Peter OToole. the off-stump of opener Tamim Iqbal
Egyptian state television reported. cartwheeling.
7. Record-breaking Rabada helps
Proteas crush Bangladesh
i. Kagiso Rabada became only the
second man in history to claim a hat trick
on debut as South Africa thrashed
Bangladesh by eight wickets in a rain-hit
first one-day international in Dhaka on
ii. Rabada finished with 6-16, the best
ii. Sharifs agent also confirmed his death ever one-day haul by a debutante, as
revealing that the actor, who played a Bangladesh were folded 160 in 36.3
wide range of dashing and dignified overs after the hosts opted to bat first on
characters, had been suffering from
Alzheimers disease.
Daily GK update: 12-13th July 2015
1. India, Kyrgyzstan ink 4 pacts during 2. India, Turkmenistan ink 7 pacts to 3. Tata Steels West Bokaro Division
Prime Minister Narendra Modis visit enhance regional cooperation & conferred with Golden Peacock
i. India and Ky rgyzstan have signed 4 connectivity Environment Management Award 2015
pacts/ agreements to enhance bilateral i. India and Turkmenistan have signed 7 i. Tata Steel's West Bokaro Division was
cooperation between the two nations. pacts/ agreements to enhance bilateral on 11 July 2015 conferred with the
These agreements were inked during the cooperation between the two nations. Golden Peacock Environment
two-day visit of Prime Minister Narendra These agreements were inked during the Management Aw ard (GPEMA) 2015 in
Modi to Kyrgystan as part of his official two-day visit of Prime Minister Narendra New Delhi. It was pre sented by the Union
visit to 5 Central Asian countries and Modi to Turkmenistan as part of his Environment, Forest and Climate Change
Russia. official visit to 5 Central Asian countries Minister Prakash Javadekar to Sanjay
and Russia. Rajoria, General Manager of West
Bokaro, Tata Steel of Jharkand.

ii.Following are the list of agreements :

ii. Agreement on Defence Cooperation: It MoU on Supply of Chemical Products: It
was signed to deepen cooperation was signed be tween the Indias Rashtriya
between both countries in matters relating Chemicals and Fertilizers Limited and the ii .Tata Steel won the coveted award for
to security, defence, military education Turkmenistans Turkmenhimiya. its responsible environmental practice s
and training. It also covers provisions to MoU on Foreign Service Institute s of both and resource management while
conduct of joint military exercises, nations and it was signed between upgrading the skills of employees through
exchange of military instructors, Foreign Service Institute of the Ministry of training as new technologies evolve.
exchange of experience and information External Affairs of India and Institute of iii. GMR Hyderabad International Airport
and observers etc. International Relations of the Ministry of Ltd has been declared as the winner of
iii. MoU and Cooperation in the field of Foreign Affairs of Turkmenistan. Golden Peacock Environment
Elections: It was signed to deepen Agreement on Cooperation in the field o f Management Aw ard (GPEMA) for the
cooperation in matters relating to Sports: It was signed between Union year 2015 for achievements in the field
legislation on elections and referendums. Ministry of Youth Affairs And Sports of of environment management at Rajiv
It also covered rights of elections process India and State Committee for Sport o f Gandhi International Airport.
stakeholders, modern systems and Turkmenistan. iv. Golden Peacock Environment
technologies as well as other issues of Programme of Cooperation In Science Management Award is annual award
election administration. And Technology: It was signed between and presented for attaining significant
iv. MoU on cooperation in the sphere of both governments for the period of two achievements in the field of Environment
Standards: Seeks to strengthen and years viz. 2015-2017. Management during the previous year. It
enhance technical cooperation in the MoU on Cooperation in Yoga and is awarded to manufacturing as well as
fields of conformity assessment, Traditional Medicine: It was signed service organizations both in the Public
standardization and sharing of expertise between respective entities of bo th and Private domain located in India.
on mutual trade. governments. MoU on Cooperation in the v. Krishnapatnam Port , recognized as
v. Agreement on Cooperation in Culture: Field Of Tourism: It was signed between one of India's largest ports and ranked
To deepen cultural cooperation between respective entities of both governments. amongst world's finest po rts connecting
both countries in are as such as Agreement in the field of Defence: It was the eastern and western parts of the
preservation of cultural heritage, theatre, signed between respective entities o f world, has been bestowed with the
youth festivals and organisation of folk both governments. Golden Peacock Environment
Management Award.
vi. Yes Bank received the 2014 award. Nevada Brittany McGowan, and fourth 8. Isro's Gagan Satellite-Based
runner-up Miss Maryland Mam Adjei. Navigation System Launched
4. SBI partners with i. India on Monday launched its satellite -
i. State Bank of India (SBI), the largest 6. Green Signals: Ecology, Growth, and based air navigation services, thereby
bank in India, has partnered online Democracy in India written by Jairam joining a select league comprising the US,
financial product aggregato r Ramesh Europe Union (EU) and Japan which have along with the banks similar systems. Civil Aviation Ministe r
subsidiary SBI CAP Securities. Ashok Gajapati Raju dedicated the
services to the nation in a ceremony in
New Delhi.

ii. Under this arrangement, the bank will

be able to display its home loan products
on, generate leads and
provide door-step delivery, thus
improving the response time. ii. The system - known as Gagan or offers end to end i. The book Green Signals: Ecology, global positioning system (GPS) aided
solutions to the home loan seekers from Growth, and Democracy in India was in geo-augmented navigation system - is
getting the customised quotes, comparison news in the second week of July 2015. It intended to provide accurate navigation
of the offers and submission of online was written by former Union Environment services over the Bay of Bengal, South
application to SBI and Forest Minister (Independent Charge) East Asia, Indian Ocean, Middle East, and
iii. This partnership will help the bank to Jairam Ramesh. African regions.
provide yet ano ther online platform to ii. It unveils the story of environmental iii. Gagan works by augmenting and
the prospective tech savvy home loan policy making in India from the relaying data from GPS satellites with
borrowers to apply for SBI Home Loans perspective of a pivotal decision maker. the help of two augmentation satellite s
online. iv. The tie up with iii. It chronicles India's environmental and 15 earth-based refe rence stations. also highlights SBIs decision-making since the 1991 iv. Gagan also fills a vital gap between
strate gy to augment its Home Loan movement, telling the story of how, for EU's "European Geostationary Navigation
portfolio by leveraging digital channels the first time, the doors of the Overlay Service" (EGNOS) and Japan's
and increasing its presence in the environment ministry were opened to "Multi-functional Satellite Augmentation
digital/online space, it added. voices, hitherto unheard, into the policy- System" (MSAS) coverage areas.
making process.
5. Miss USA 2015: Miss Oklahoma iv. At present, Jairam Ramesh is Chair of 9. Mumbai Ranji cricketer Hiken Shah
Olivia Jordan Wins the Crown! the Future Earth Engagement Committee, suspended by BCCI
i. Miss Oklahoma, Olivia Jo rdan, won big a research platform on global i. Mumbai Ranji cricketer Hiken Shah has
at the 2015 Miss USA pageant on sustainability. He is also a member of the been suspended by the BCCI with
Sunday, July 12, beating out 50 women Rajya Sabha from Andhra Prade sh. immediate effect after being found guilty
to win the crown. of breaching BCCIs Anti -Corruption
7. Indigenously developed Nag anti - Code. His involvement in any form of
tank missile tested from helicopter cricket, affiliated with the BCCI stands
platform suspended till the time the disciplinary
i. In fresh trials, India has te st-fired its committee of the BCCI passe s
indigenously developed Nag anti-tank appropriate orders.
guided missile, which can hit a targe t ii. The BCCI press release says that Hiken
upto seven km, from a helicopter at a Shah made a corrupt approach to one of
firing range in Jaisalmer in Rajasthan. his colleagues - Pravin Tambe of IPL
ii. Jordan, 26, made it through the fierce franchise Rajasthan Royals befo re the
rounds of the competition, sliding into the 2015 edition of the IPL.
Top 15 after preliminary events and iii. Tambe had immediately informed the
captivating viewers as she worked it in incident to his franchise team. Rajasthan
the live show's bikini and evening gown Royals followed the process of info rming
rounds. the incident to the Anti Corruption Unit of
iii. The Oklahoma native impressed the BCCI. Based on the information, BCCI
during the question portion of the President, Mr. Jagmohan Dalmiya,
ii. Three-round trial of helicopter-
competition, which was held in Baton instructed ACU to conduct an immediate
Rouge, La. She spoke first on the issue of launched Nag (HeliNa) missile were
conducted yesterday at the Chandhan inquiry into the matter.
race relations in the United States, iv. Hiken Shah has played 37 First-class
stre ssing the need for improved dynamics, firing range.
iii. HeliNa is a helicopter-launched version matches in which he has scored 2160 runs
and later went on to name Oprah and at 42.35 with six hundreds and eight
Harrie t Tubman as two women she would of Nag and has been developed by the
Defence Research and Development fifties. He has played six ODIs and T20Is
like to see on the $10 bill. each and averages 15 and 32.40
iv. Jordan was followed in the top five by Organisation (DRDO) under the
Integrated Guided Missile Development respectively. Last year, he lost his place in
first runner-up Miss Texas Ylianna the Mumbai Ranji side and earlier this
Guerra, second runner-up Miss Rhode Programme (IGMDP).
iv. The missile was aimed at hitting year in January, he was unhappy with his
Island Anea Garcia, third runner-up Miss omission.
targets at varied distances of upto 7 km.
Wimbledon Open 2015
The 2015 Wimbledon Championships was a tennis tournament which took place at the All England Lawn Tennis and
Croquet Club in Wimbledon, London, United Kingdom, from 29 June to 12 July 2015.
It was the 129th edition of the cham pionships, the 48th in the Open Era and the third Grand Slam tournament of the year, play ed
on grass courts and part o f the ATP World Tour, the WTA Tour, the ITF Junior Tour and the NEC Tou r. They were organised by the
All England Lawn Tennis Club and the International Tennis Federation.
Novak Djokovic of Serbia won his third Wimbledon title in men's singles, defending his championship from 2014. Petra Kvitov of
the Czech Republic was the defending champion in women's singles, but she lost to Jelena Jankovi in the third round.
Serena Williams won her sixth Wimbledon and 21st major title, defeating first-time finalist Garbie Muguruza in the final, 64, 6
4. She also achieved her second non-calendar year Grand Slam after winning the 2014 US Open, 2015 Australian Open and
2015 French Open. With this win, Williams also became the oldest woman to win a Grand Slam title in the Open Era at 33 ye ars
and 289 days old, beating Martina Navratilova, who won the 1990 Wimbledon Championships at 33 years and 263 days old.
One of the most interesting tournament and The Grand Slam i.e. "Wimbledon 2015"
wrapped up yesterday. This time the compete tion was more fierce and everyone was
fighting for the honour. There were many contenders for the final but the one who
performed best at that point of time won the tournament. It clearly indicates that pressure
can consume any big name and the one who maintain their composure can ge t through

Novak Djokovic defeated Roger Federer 7-6, 6-7, 6-4, 6-3 winning his third Wimbledon
singles title in a match that re ached sublime heights before ending on a somewhat anti -
climatic note. Tackling the Federer serve with ferocious and intimidating deep returns,
and relying on his own serve to pull him out of trouble time and again, Djokovic looked
the much stronger player after two breathtaking first sets, where the two were locked
eyeball to eyeball in a contest where there was little to choose between one or the

Serena Williams kept her calendar year Grand Slam alive on Centre Court with a
straight sets 6-4, 6-4 win over Spains Garbine Muguruza for her sixth Wimbledon
title.The world number one has now won all three Grand Slam s events in Australia, Paris
and London and as she won the last Grand Slam of 2014, the US Open, she holds all
four titles. Muguruza, playing in her first Grand Slam final, only occasionally raised her
game throughout to fo rce the American into rallies with her heavy ground strokes. It was
Williamss inconsistency that largely allowed her opponent into the match.But as the
Williamss famous serve warmed the games came more easily. She broke Muguruza in
the first se t to level at 4-4 and again in the 10th game to take the set 6-4. From that
stage the points and games and almost the second set fell to Williams as Muguruza all
but imploded as the Centre Court hushed for what appeared to be another culling.The
33-year-old snapped out of her head funk and easily broke her opponents serve in th e
next game, a wide forehand from Murguruza on match point floating wide.

In another interesting match, Indias Sania Mirza and Switzerlands Martina Hingis had
won their first m ajor as a pairing in womens doubles, somehow overcoming a 5-2 hole in
the deciding third set to beat Russian duo Ekate rina Makarova and Elena Vesnina 5-7,
7-6, 7-5. After a disappointing French Open campaign, the number one seeds had won
at Wim bledon, tennis most iconic event. The deciding set was an epic struggle, with
Mirza and Hingis trailing for much of the match and struggling to dictate against the
worlds number two ranked pair. They fought back with resilience and eventually their
class told during an incredible last five games when the pairs shot-m aking simultaneously
caught fire and magical strokes continually ensued.

This wimbledon was a success from India's prospective with three Indians being the part
of final winners. And the win becomes more important fo r Sumit Nagal, who won boys
doubles. He can be the rising star and we can expect more tremendous performence in
future. 17-year-old N agal and his eighth seed Vietnamese partner overcame the fourth
seeds Reilly Opelka and Akira Santillan 7-6(4), 6-4 in the title clash that lasted 63
minutes. Yuki Bhambri was the last Indian to taste success at the top level in j
unior tennis when he won the Australian Open boys singles title in 2009.

This was not it. A vintage Leander Paes clinched his 16th Grand Slam trophy, winning the
mixed doubles event of the Wimbledon Championship with legendary Martina Hingis
afte r a dominating win over Alexander Peya and Timea Babos. Seventh seed Indo -Swiss
pair drubbed the fifth seed Austrian-Hungarian team 6-1 6-1 in the lop-sided summit
clash which was over in just 40 minutes. For Hingis, it was second title in as many days,
having won the women's doubles with Sania. Overall it was 18th Major title for the Swiss
and third in mixed doubles.
Some interesting facts about Wimbledon
Wimbledon is the only Grand Slam that is played on grass courts.
Wimbledon began in the year 1877, at the All England Club, in the London suburb of Wimbledon.
Wimbledon starts on the Monday falling between 20 and 30 June, which is six weeks before the first Monday in August.
Martina Hingis became the youngest player to win a Wimbledon title, at the age of 15 years, 282 days, by winning doubles
championship in 1996.
Wimbledon logo consists of green and purple color circular symbols, with two rackets crossed over them.

Important wins in Wimbledon 2015

Match Winner Runner Up

LADIES' SINGLES Serena Williams G. Muguruza

LADIES' DOUBLES Sania Mirza and Martina Hingis E.Makarova and E.Vesnina

GENTLEMEN'S SINGLES Novac Djokovic Roger Federer

MIXED DO UBLES L.Paes and M.Hingis A.Peya and T.Babos

BOYS' DO UBLES N.Ly and S.Nagal R.Opelka and A.Santillan

Vyapam (Scam) - Description for SBI PO Mains

Dear Readers,
You all must be hearing about a word "VYAPAM" on all the news channels and might be seeing it on the cover pages of the
newspapers as well. You don't need to wonder at all. You might get this topic in the upcoming descriptive exam like SBI PO Mains.
Being recently in news, it is one hot topic fo r discussion. It's seriousness got elevated once the unseen page s of VYAPAM got turned
by special Task Force constituted by Court Authority. Now the first question that might arise in your mind is "What is Vyapam?"
The answer is, the Madhya Pradesh Professional Examination Board (MPPBP), the government body responsible for conducting
several entrance te sts in the State, is popularly known as Vyapam (Hindi acronym for Vyavsayik Pareeksha Mandal). These
entrance tests are used for recruitment to government jobs and admissions to educational institutes in the State.
The scam, which has been in the news recently, is an admission and recruitment scam involving politicians, senior government
officials, business-persons and others in Madhya Pradesh. In it, undeserving candidates bribed politicians and MPPEB officials,
through middlemen, to get high ranks in the entrance tests or secure jobs. Many of those who discovered these sordid facts
whistleblowers and journalists responsible fo r unearthing the details have died in a spate of suspicious incidents. The three main
whistleblowers social activists Dr Anand Rai and Ashish Chaturvedi, and IT consultant Prashant Pandey have been receiving
death threats.
According to varied reports from whistleblowers , the following tricks were used by those involved in the scam:
i. All the information of the candidate remained the same, except the photograph. The candidates photograph was replaced by
that of the impersonator and afte r the exam, it was changed back to the o riginal. Obviously, the im personators were brilliant
students and they received huge sums to keep their mouths shut.
ii. A person was strategically made to sit in front of the candidate in question. The person let them copy from his sheet or
exchanged the sheet with them at the end of the exam.
iii. The candidates in question were asked to leave their answer sheets blank and were given high marks in the exam. Or they were
supplied with solved OMR sheets before they took the exam.
While complaints against irregularities came trickling in from the mid-2000s, the Vyapam issue turned murkier from 2007 -08
onwards. However, it was only in 2013 that the lid was blown.

The Opposition claims that over 77 lakh candidates have paid bribes to secure s eats and jobs. Heres how it all began:
2007: This was the year when the scent of a scam was sniffed. The MP Local Fund Audit office found financial and administrative
irregularities in Vyapam.
2009: Activist and doctor from Indore Anand Rai filed a public interest litigation (PIL) with the MP High Court, alleging foul play in
the recruitments and admissions.
2011: Chief Minister Shivraj Singh Chauhan set up an enquiry committee to look into the matter.
2013: Anand Rai made startling revelations that led to a series of arrests. On the intervening night o f July 6 and 7, the police
arrested 20 pe rsons who were to impersonate candidate s scheduled to appear on July 7 for the MPPEB. On July 12-13, the
kingpin of the racket, Jagdish Sagar, was arrested. A list confiscated from him revealed the names of 317 candidates. MPPEBs
exam controller, Pankaj Trivedi, who vouched for students who had fraudulently answered the exam, sending letters to institution
heads to accept them, was later arrested and removed from his post. A Special Task Force of the MP Police began handling the
investigation. The Congress requested the High Court to conduct a CBI probe.
2014: The MP High Court rejecte d the demand for a CBI Inquiry by the Congress and other parties. In April, 27, students from
MGM Institute of Health Sciences were expelled for fraudulently clearing the medical test back in 2012.
2015: Accused, witnesses and investigators have been dropping like flies this year. So far, around 1,900 are in jail. According to
latest developments, though the State Government of Madhya Pradesh w anted to hand over investigation to the CBI, the MP High
Court quashed the request, stating it will not take a decision till the Supreme Court weighs in on the matter.
Now after all of this, the matter is still under investigation and the final decision is still to be taken. It has to go a lo ng way and
many pages of this book is still unturned. We have to w ait and w atch untill some concrete steps is to be taken by the authority . In
this country where unemployment is one of the burning issues, such kind of incident will not only demotivate the young genera tion
but will adversely affect the output.

REVERSE MORTGAGE LOAN: A Helping Hand for Senior Citizens

Today we are providing you some small but important concepts of reverse mortgage loan. This is one of the important topics. S o
below are the details.
The scheme of reverse mortgage has been introduced for the benefit of senior citizens owning a house but having inadequate
income to meet their needs. Some important
Features of reverse mortgage are:
a) A homeowner who is above 60 years of age is eligible for reverse mortgage l oan. It allows him to turn the e quity in his ho me
into one lump sum or periodic payments mutually agreed by the borrower and the banker.
b) NO REPAYMENT is required as long as the borrower lives, Borrower should pay all taxes lating to the house and mainta in the
property as his primary residence.
c) The amount of loan is based on several factors : borrowers age, value of the property, current interest rates and the specific
plan chosen. The valuation of the residential property is done at periodic intervals and it shall be clearly specified to the borrow ers
upfront. The banks shall have the option to revise the periodic / lump sum amount at such frequency or intervals based on
revaluation of property.
Settlement - The loan shall become due and payable only when the last surviving borrower dies or would like to sell the home, or
permanently moves out. On death of the home owner, the legal heirs have the choice of keeping or selling the house. If they d ecide
to sell the house, the proceeds of the sale would be used to repay the mortgage, with the remainder going to the heirs.
As per the scheme formulated by National Housing Bank (NHB), the m aximum period of the loan period is 15 years. The residual
life of the property should be at least 20 years. Where the bo rrower lives longer than 15 years, periodic payments will not be
made by lender. However, the borrower can continue to occupy.

Greece Debt's Crisis

When Greece joined the euro in 2001, confidence in the Greek
economy grew and a big economic boom followed. But after
the 2008 financial crisis, everything changed. Every country in
Europe entered a recession, but because Greece was one of the
poorest and most indebted countries, it suffered the most. The
unemployment rate reached 28 percent in 2013, worse than the
United State s suffere d during the Great Depression.

For the last five years, Greece has been negotiating with
European Commission, the European Central Bank, and the
International Monetary Fund (dubbed "the Troika") for financial
assistance with its debt burden. Since 2010, the Troika has been
providing Greece with loans in exchange for tax hikes and
spending cuts.
Rich European nations such as Germany believe they're simply
If Greece wasn't in the euro, it could have boosted its economy insisting that Greece live within its means. But the austere terms
by printing more of its currency, the drachma. This would have of the bailouts have caused resentment among Greeks and
lowered the value of the drachma in international markets, contributed to crisis-level unemployment and poverty. In
making Greek exports more competitive. It would also lower January, they elected a new left-wing prime minister, Alexis
domestic interest rates, encouraging domestic investment and Tsipras, who promised to reject the previous bailout deal and
making it easier for Greek debtors to service their debts. secure a more favorable agreement.
But Greece share s its monetary policy with the re st of Europe.
And the German-dominated European Central Bank has given But he has very little leverage. In 2010, Greek debt was widely
Europe a monetary policy that's about right for Germany, but held by private banks, so a Greek default could trigger a
so tight that it has thrust Greece into a depression. financial panic. But since then, this debt has been consolidated in
So Greece is squeezed between a crushing debt burden 177 the hands of rich European governments, greatly reducing the
percent of GDP, about twice the level in the United S tates risk of a financial crisis if Greece defaults.
and a deep depression that m akes it difficult to raise the money So Greece faces a hard choice: it can accept the Troika's
it needs to make its debt payments. demands for further austerity. Or it can defy the Troika, which
would likely lead to a defaul t on Greek debt and possibly a
Greek exit from the euro. The Greek government is holding a
referendum on July 5 to let voters choose between these bad

In the meantime, the Greek economy is melting down. Knowing

that Greek euro deposits could soon be transfo rmed into
devalued drachma deposits, Greek people have been rushing
to ATMs to withdraw as much cash as they can. That has forced
the Greek government to close the banks and limit withdrawals
to 60 per day.

Winners of French Open 2015

The 2015 French Open was the 114th edition of the French Open and was held at Stade Roland Garros in Paris.
The tournament is an event run by the International Tennis Federation (ITF) and is part o f the 2015 ATP World Tour and the 20 15
WTA Tour calendars under the Grand Slam category. The tournament consists of both men's and women's singles and doubles
draw s as well as a mixed doubles event.
There is a singles and doubles events for both boys and girls (players under 18), which is part of the Gra de A category of
tournaments, and singles and doubles events for men's and women's wheelchair tennis players as part of the UNIQLO tour under
the Grand Slam category. The tournament was played on clay courts and took place over a series of 22 courts, including the three
main showcourts, Court Philippe Chatrier, Court Suzanne Lenglen and Court 1.
Winners of Roland Garros that is played on clay court. French open commonly known as Roland Garros is held over two weeks
between late May and early June at the Stade Roland Garros in Paris, France.
The French Open 2015 began on Sunday, May 24 and ended on Sunday, June 7

Womens Lucie Safarova of

Doubles Czechoslovakia and
Mattek-Sands of

Mixed Mike Bryan and

Doubles Bethanie
Winners of French Open 2015 Mattek-Sands of
Mens Stan Wawrinka of USA
Singles Switzerland

Womens Serena Williams of

Singles USA

Mens Ivan Dodig of

Doubles Croatia and
Marcelo Melo of

Daily GK update : 14th July 2015

1. IPL scam: Apex court suspends ii. The committee on Tuesday also committee's findings and held Mr.
Rajasthan Royals, C SK for two years. imposed sanctions on Gurunath Meiyappan and Mr. Kundra guilty of
i. The Supreme Court-appointed Justice Meiyappan, and Raj Kundra who were betting.
R.M. Lodha Committee on Tuesday the face of these IPL franchises
suspended Indian Premier League (IPL) respectively and were found to have 2. Legendary music composer MS
teams Chennai Super Kings (CSK)and indulged in be tting activities. It declared Viswanathan passes away.
Rajasthan Royals (RR) from the League them ineligible for participation from
for two years. cricket activities for life.
iii. The committee has stressed that the
betting activities of these individuals had
brought the game of cricket, BCCI and IPL
into disrepute.
iv. The Lodha committee was formed by
the Supreme Court in its judgment in the i. Legendary music director MS
IPL betting case on January 22. This Viswanathan, who had scored music for
judgment confirmed the Supreme Court- over 1,000 film s, passed aw ay at his
appointed Justice Mukul Mudgal
residence early this morning following c) Production and distribution of materials
illness. pertaining to electoral systems, voting
ii. 88-year-old Viswanathan w as being technology, voters education and
treated at a private hospital here for awareness
geriatric problems. The music director is d) Participation of women and minorities
survived by four sons and three in electoral process.
iii. Born in Palakkad in Kerala, 5. IT department launched OTP to e-file
Viswanathan had scored music for over Income Tax
1,000 films, some of them in association i) The Income Tax (IT) Department on 13 i) Lieutenant General Man Mohan Singh
with his partner Ramamurthy. Later they July 2015 launched One Time Password Rai was on 13 July 2014 appointed as
parted ways. (OTP) based e-filing verification system the Vice-Chief of the Indian Army. Rai will
for taxpayers. This OTP will help in succeed Lt Gen Philip Campose, who will
3. Noted artist Sayed Haider Raza ending the practice of sending pape r superannuate the office on 31 July 2015.
conferred with Frances de la Lgion acknowledgement, called ITR-V, through ii) Presently, Rai is working as the Eastern
dHonneur. post to the I-T Central Processing Centre Army Commander. He is from the Corps
(CPC) based in Bengaluru. of Engineers and is an alumnus o f
National Defence Academy,
Khadakwasla. He was commissioned from
the Indian Military Academy (IMA),
Dehradun, on 15 December 1976.

8. Former BSFI president Pashupatinath

i. Noted artist Sayed Haider Raza was
Roy died.
conferred with highest French Civilian ii) The facility can be accessed using
Award Commandeur de la Lgion internet banking, Aadhaar number, ATM
dHonneur (the Legion of Honour). and email.Central Board of Direct Taxes
ii. Raza was bestowed with this award (CBDT) in its notification said that any
for his peerless achievements in taxpayer, whose income is 5 lakh rupees
transcending all boundaries, forging ties or below per annum and has no refund
between France and India and for claims, can straightaw ay generate the
continuing artistic quest straddling nations, 'Electronic Verification Code' (EVC) for e-
religions, cultures and philosophies. filing and validating their Income Tax
iii. Born in 1922 in Madhya Pradesh. He Return (ITR) through their registe red i)Former Billiards and Snooker Federation
starte d his artistic career at the age of mobile number and e-mail id with the of India (BSFI) President Pashupatinath
12. department. Roy died on 13 July 2015 following a
iv. la Lgion dHonneur (the Legion of iii) Once logged in on the banking portal, cardiac arrest at a private hospital in
Honour) is the highest civilian award the taxpayer will be sent the EVC to his Kolkata. He was 76.
given by the French Government. mobile number provided in the official e - ii) Roy was also the president of West
filing web portal of the department which Bengal Badminton Association for more
4. India and Georgia signed MoU for they will put in their ITR for final than five decades afte r he toook over
cooperation in field of Election submission. charge from his father B K Roy in late
Management 1960's.
6. MoD and MSDE signed MoU to iii) He also served BSFI in various
increase employability of ex - capacities. He was the secre tary and
servicemen. advisor at BSFI for some time and later
i)The Union Ministry of Defence (MoD) went on to join the Asian body of the
and Union Ministry of Skill Development game as Secretary and President.
and Entrepreneurship (MSDE) on 13 July
2015 signed a Memorandum of 9. Operation Talaash for missing
Understanding (MoU) to facilitate Dornier ends.
strate gic partnership on skill development i) Thirty-five days after a Coast Guard
i)India and Georgia on 13 July 2015 and entrepreneurship.
signed a Memorandum of Understanding aircraft on a surveillance sortie
ii) The MoU was signed by the Defence disappeared o ff the Chennai coast with
(MoU) for cooperation in the field of Secretary Shri G Mohan Kumar and his
election management and administration. three crew, the search operation has
counterpart from MSDE Shri Sunil Arora. been terminated after recovery of
The MoU was signed by Chief Election The MoU will provide impetus to use the
Commissioner of India Nasim Zaidi and human remains, parts of the plane and
skills of servicemen for the country when personal effects.
Tamar Zhvania, Chairperson, Central they retire from the Armed Forces.
Election Commission, Georgia. iii) The MoU will be a harbinger of skill
ii) Till now, Election Commission of India development in the country that will align
has signed twenty MoUs with Election the Armed Forces and the civilian field.
Management Bodies and international
organizations across the world. 7. Lt General Man Mohan Singh Rai
iii) Major purpose of the MoU between appointed as Vice-Chief of Indian Army
India and Georgia:
a) Promotion of exchanges of knowledge
and experience in electoral processes
b) Exchange of information, materials, ii)Eighty per cent of the aircrafts parts
expertise and training of personnel have been retrieved, beside s human
bones and wrist watches from the sea
bed, I G Coast Guard S P Sharma said iii) The authorities have called the families collecting the remains and personal
here today, adding the search operation of the crew for carrying out DNA tests fo r effects.
was terminated last night. identification of the deceased and

Recent Banking and Financial Developments in India

Here are some recent developments in the financial and The Union Finance Ministry announced that it was able
banking realms. to contain the fiscal deficit for 2014-15 at 4% of GDP against
K.V. Kamath noted banker of India was on 11 May 4.1% set to be achieved in the Union Budget.
2015 appointed as the first President of the $100 -billion New The revenue deficit was estimated at 2.8% of the as
Development Bank (NDB) of the BRICS countries, to be based in against the revised estimate of 2.9% of GDP, marking a sharp
Chinas financial hub Shanghai. improvement over 3.2% for 2013-14.
The Companies (Amendment) Bill, 2014 was passed by
the Rajya Sabha on 13 May. The amendments to the
Companies Act, 2013, which came into effect from 1 April
2015, are designed to address some issues raised by
Indias large st banking entity State Bank of India (SBI)
has launched Online Customer Acquisition Solution (OCAS),
Lok Sabha on 13 May 2015 passed The Negotiable an online platform to apply for loans.
Instruments (Amendment) Bill, 2015 by a voice vote. The Bills Indias largest private sector lender Industrial Credit
amends the Negotiable Instruments Act, 1881 in order to make and Investment Corporation of India (ICICI) Bank has
cheque-bounce filing of cases more convenient for check payees launched voice password facility for users.
(person who receives the cheque). Indias largest public sector lender, State Bank of
According to the data released by the Reserve Bank of India (SBI) has signed memorandum of understanding (MoU)
India (RBI), the number of outstanding credit cards at the end of with e-commerce giant Amazon. The MoU seeks to identify and
December was 20.29 million. tap the potential areas of collaboration for payments and
Mangaluru -headquartered Corporation Bank recently commerce solutions between both signatory parties.
dropped plans to take over the assets and liabilities of a ICICI Banks first branch in China was inaugurated in
Maharashtra-based cooperative bank namedRupee co- Shanghai, a major global financial hub. It was inaugurated by
operative bank license was cancelled by the RBI in 2013. Prime Minister Narendra Modi in the presence of ICICI Banks
Private-sector Federal Bank on 18 May 2015 MD and CEO Chanda Kochhar. Earlier in 2003, ICICI Bank had
ventured into credit card segment with the launch of a co - opened a representative office in China.
branded credit card with SBI. Indias largest lender, State Bank of India (SBI) has
The new Gold Monetisation Scheme (GMS) was launched contact-less credit and debit cards sbiINTOUC H.
announced in the Union Budget 2015 -16 with the aim of sbiINTOUCH is based upon latest near-field technology (NFC)
replacing both the pre sent Gold Deposit and Gold Metal Loan that enables customer to transact using the card by just tapping
Schemes. The new scheme will allow the depositors of gold to or waving it against the reader of the POS. SBI is also proving
earn interest in their metal accounts and the jewellers to obtain a fraud liability cover of 1 lakh rupees on these cards.
loans in their metal account. According to a latest repo rt of the World Bank, 43 %
of Indias bank accounts were lying dormant in 2014.

Daily GK Update: 15th July 2015

1. PM Modi launches 'Skill India' Wednesday to create skilled manpower
campaign at grass-root level by providing them
i) Prime Minister Narendra Modi on vocational, technical and skill
Wednesday launched the 'Skill India development education.
Mission' in the national capital. The Prime iii)These include a redesigned Model Skill
Minister will form ally launch the National Loan Scheme, Skill Card fo r persons
Skill Development Mission, unveil the new certified under Pradhan Mantri Kaushal
National Policy for Skill Development and Vikas Yojana and the new National
Entrepreneurship 2015 and roll out on Policy for Skill Development.
all-India flagship scheme.
2.Boeing, Tata Advanced Systems ink
aerospace partnership deal.
i) A collaboration in aerospace and
defence manufacturing and potential ii) The framework agreement was signed
integrated systems development by Shelley Lavender, President of Boeing
opportunities has been inked between Military Aircraft, and Sukaran Singh,
Tata Advanced Systems Ltd (TASL) and Managing Director and Chief Executive
Boeing. The deal will include unmanned Officer of TASL.
aerial vehicles. iii) Tata Advanced Systems is a wholly-
owned subsidiary of Tata Sons, focused
ii) Narendra Modis ambitious Skill India on providing integrated solutions fo r
Mission targe ts 40.2 cro re workers by aerospace, defence, and homeland
2022 .Pushing ahead with its ambitious security.
Skill India mission, Prime Ministe r iv) TAL has also provided ground support
Narendra Modi will launch 'Pradhan equipment for the C-17 Globemaster III
Mantri Kaushal Vikas Yojana' on strate gic airlifter.
In case of failure in delivery in the apnapaisa brings would drive the growth
3. Indias first railway-line built under stipulated time, the government employee of Andromeda
PPP model inaugurated in Gujarat will be penalized for default, which
i) Minister of Railways Suresh Prabhu on ranges between 500 rupees to 5000 7. Krishnapatnam Port receives Golden
14 July 2015 inaugurated the broad - rupees. Peacock award for environment
gauge railway-line between iii) It provides for three-tier Appellate management
Gandhidham and Tuna-Tekra Port in Authorities with first two being i)Krishnapatnam Port in Andhra Pradesh
Gujarat by flagging off a goods train. Government Officials or Designated has been aw arded Golden Peacock
Officers and third will be a Right to environment management award for its
Service Commission. achievements and initiatives in the field of
environment. The award was presented
5. Skill Development Ministry inks pact during the 17th World Congress on
for using Railway infra for training. Environment Management to C Sasidhar,
i)Ahead of the Prime Ministers launch of Managing Director of Krishnapatnam Port
the Skill India Mission on Wednesday, the by Union Minister of State for
Railways has tied up with the Ministry of Environment Prakash Javadekar in New
Skill Development to offer sparable Delhi.
space for training in its infrastructure, such ii) Green initiatives of Krishnapatnam Port
ii) The rail line is Indias first railway-line as wayside stations, railway training are Plantation of over 20 lakhs trees
built with private secto r participation centres, railway schools and institutes. within the po rt and more than 50,000
under Non-Government Railway (NGR) trees in the surrounding villages,
Policy 2012 of Indian Railways. The rail Installation of solar lights in the port and
line has been built at a cost of approx solar water heaters in the employee
185 crore rupees for M/s Kandla Port colony, Establishing gas connections for
Trust (KPT) to bring about better and villagers so as to discourage them from
faster rail connectivity to Port of Tuna & cutting of mangroves as fuel wood.
iii) The rail-line between Gandhidham, a 8. Iconic musician Joan Sebastian
town in Kutch district o f Gujarat, and passed away
Tuna-Tekra Port, a port 20-km west of i) Iconic Mexican musician Joan Sebastian
Kandla in Gulf of Kutch, w as funded by ii)An agreement in this regard was signed passed aw ay on 13 July 2015 afte r
M/s Kandla Port Trust (KPT) and Western here on Tuesday between the Railway battling bone cancer for more than 15
Railway Zone of Indian Railways Ministry and the Skill Development years in Juliantla, Mexico. He was 64. He
coordinated and pioneered it. Ministry. Our schools can be made was also known as El Rey del Jaripeo (the
available and our employees can teach King of Mexican Rodeo).
4. Maharashtra assembly passed as part of their social duties, said
Guarantee of Public Services Bill, 2015 Railway Minister Suresh Prabhu, adding
i)Maharashtra legislative assembly on 14 that the Railways otherwise will have a
July 2015 passed the Maharashtra limited role to play.
Guarantee of Public Services Bill, 2015. iii) The Railways already has 300
The bill was unanimously passed by the training centres and 150 schools, of which
assembly in the absence of Congress and about 70 per cent have optical fibre
NCP members. cable network connections ii) Born as Jose Manuel Figueroa, he was
best known for his sentimental love songs
6. Andromeda acquires
such as Secreto de Amor and Tatuajes On
in stock and cash deal.
Billbords Regional Mexican Albums chart,
i) Andromeda, one of the country's
he placed 10 hit albums at No 1 position,
largest loan distributors, has acquired the
second only to Vicente Fernandez with 15, an online loan solutions
hit album s. He was also honoured by
space in a stock and cash deal, the
Billboard multiple times, first with Hall of
ii)Features of the Bill company said.
Fame honors at the 2006 Billboard Latin
It empowers citizens to avail their rights
Music Awards and then Voice Award at
in stipulated time with less effo rts and
the 2013 Billboard Mexican Music
cost. ii), promoted by Harsh Awards.
It will pave way for curbing corruption, Roongta, a personal finance professional, iii)He won seven Latin Grammy Awards
bringing transparency and empowering has worked with several financial lending and five Grammy Awards, m aking him
citizens. institutions. the most aw arded Mexican performer in
It ensures essential services are iii) Andromeda's acquisition of apnapaisa Grammy's history.
delivered in a time-bound manner and at is in line with the increasing trend o f
nominal charges. digitization and the tech-edge that

Daily GK update: 16th July 2015

1. RBI constitutes Deepak Mohanty unbanked population. The committee will
Committee to frame action plan on be headed by RBI executive director
financial inclusion Deepak Mohanty and comprise total o f
i. Reserve Bank of India (RBI) has 14 members
constituted a committee to prepare a 5
year action plan to spread the reach o f
financial services acro ss country to
joined the global bandw agon of ii. The Participatory Guarantee System
UNESCO "Cities of Music" under the portal will help small and m arginal
Creative Cities Network. farmers engaged in organic farming to
ii. It has been chosen in the music secure certification after checks fo r
category under UNESCO's "field o f compliance to standards are carried out.
excellence" plan. The fields of excellence iii. The Soil Health Card portal has been
are classified into catego ries of literature, developed to register soil samples and
film, music, craft and folk art, de sign, record tests results along with fertilise r
media arts and gastronomy recommendations to create a national
ii. It will review the existing policy of database on soil health for future use in
financial inclusion, including customer research.
protection framework and suppo rtive iv. The Fertiliser Quality Control System
payment system. In this regard it will take portal will collate results of drawn
into account the recommendations made samples of imported fertilise rs helping
by various committees set up earlier. both consumers and importers with
iii. Suggest a monitorable medium-term analysis reports.
action plan for financial inclusion. It will
cover various components including iii. The inclusion in the network has also 6. Net neutrality report: Fate of Airtel's
payments, cre dit, de posit, social security paved way for repre senting the cultural zero rating plan left to TRAI
transfers, pension and insurance. heritage of the holy city on the world i. Airtel had launched Airtel Zero under
Articulate the underlying institutional and stage through the UNESCO project. It will which it offered a platform for content
policy framework for financial inclusion. not only provide a fillip to tourism, but owners, e-commerce players, and start-
Cover financial literacy and consumer will also give a chance to local artists and ups to offer free data access to users.
protection, as well as delivery mechanism musicians to visit countries that are a part This was seen to be against the principles
of financial inclusion. of this network of net neutrality by some sections as it
iv. For this the committee will encompass iv. Nine cities Glasgow in the UK, allowed free access to only those
both households and small businesses, Hanover and Mannheim in Germany, companies which had resources to partner
with more emphasis on rural inclusion Ghent in Belgium, Hamamatsu in Japan, with Airtel.
including group-based credit delivery Brazzaville in the Republic of Congo, ii. The Committee, after consideration of
mechanisms. Bogota in Columbia, Seville in Spain and all opinions expressed by Net Neutrality
Bologna in Italy are a part of proponents and network o perators, feels
2. Kumbh Mela Begins in Nashik, UNESCO "Cities of Music". that there are a multitude of possibilities
Thousands Take Holy Dip in designing tariff plans and it would not
i. Simhastha Kumbh Mela, the largest 4. FM Arun Jaitley tries to improve BJP- be possible to either pre-think all
congregation of faith in the world, began SAD ties , launches HRIDAY for 12 cities possibilities or determine its validity with
today with the traditional ceremony of in Amritsar respect to Net Neutrality principle s.
hoisting of flags and thousands of people i. Jaitley choose Amritsar to launch the iii. The Committee proposed that tariff
taking a holy dip in Kushawart and "National Heritage City Development plans (including zero rating plans) be
Ramkund in Godavari river in the two and Augmentation Yojana " ( HRIDAY) for dealt with in the following ways: (i) Ex-
towns. 12 cities in the country. ante determination Before a licensee
launches any tariff plan, the same would
need to be filed before TRAI within a
reasonable period prior to the launch of
the plan. TRAI would examine each such
tariff filing carefully to see if it conform s
ii. Government of India has sanctioned ` . to the principles of Net Neutrality and
ii. The festival, known as the largest 69.31 crore as 100% grant for Am ritsar that it is not anti-competitive by distorting
peaceful gathering, occurs once in 12 city. consumer markets.
years as per Hindu calendar and is iii. The Union Finance Minister said that iv. Such a filing requirement would
marked by participation of 'sadhus' from Punjab, being a cradle of Indian include a deemed approval clause, if the
different denominations (akhadas), and civilization, was all set to lead the country regulator does not decide within a
lakhs of devotees. Kumbh is also known in the arena of agriculture and defense reasonable period. This would ensure
for the religious pomp and colourful for which it was aptly known as the sword balance of interests, pro tecting the liberty
processions. arm and granary of the nation. of service providers to design specific
iii. The festival will last for 58 days till iv. Making a strong case for the farmers, tariff plans attuned to specific customer
August 11. On the occasion of flag - Chief Minister Parkash Singh Badal said demands and at the same time ensure
hoisting at Trim bakeshwar, a Naval that it w as the high time to redress the that the principles of Net Neutrality are
chopper showered rose pe tals on the sea grievances of beleaguered peasantry, not breached.
of humanity that has gathered for the which was on cross roads due to the
mega event. apathy of the previous Congress
iv. After the ceremony, thousands o f governments at the Centre.
people who have come to Nashik from
different parts of the country took a dip 5. Agri Ministry launches 3 portals
at Kushavart teerth (pond) located near i. The Centre launched three new websites
the temple of Lord Shiva. for farmers here on Wednesday aimed
at making organic farming certification,
3. Varanasi chosen as 'city of music' by fertiliser quality checks and disbursal o f
UNESCO soil health cards easier. The portals,
i. In a development set to tremendously developed by National Informatics
boost its age -old traditions, Varanasi has Centre, are part of the existing schemes.
Daily GK Update: 17th July 2015
1. India and Canada s ign MoU in the 10-month program was open to improve public services, livelihoods and
field of Civil Aviation. organisations across the country and environmental facilities in targe ted
i. The Union Cabinet, chaired by the trained a select group of women with at communities of Andhra Pradesh.
Prime Minister Shri NarendraModi, has least 12 years of work experience, IBM iii. It also seeks to increase the capacity
approved the signing of Memorandum o f said in a press statement. of the state to promptly and effectively
Understanding (MoU) betweenIndia and iii.This course helps prepare women for respond to crisis or emergency.
Canada in the field of Civil Aviation. leadership in the Indian business iv. It includes approximately 3 million
ii. MoU will help in deepening the community and offers a common platform populations in 4 heavily impacted districts
bilateral cooperation and enhancing to network with industry leaders. of state viz. Srikakulam, Visakhapatnam,
theexperience and technical knowledge Vizianagaram and East Godavari.
in the field of Civil Aviation between 3. Brand ambassador Parineeti Chopra
Indiaand Canada. divides Haryana government. 5. Union Cabinet gives nod to
redevelop 400 major railway stations.
i. Union Cabinet meeting chaired by
Prime Minister Narendra Modi approved
the redevelopment of 400 major railway

iii. The two countries shall have a

cooperation programme in the areas o f i. A day after Haryana named Parineeti
safe tyof aircraft operations and related Chopra as its brand am bassador fo r
issues that will provide more up-to - Prime Minister Narendra Modi's pet 'Beti
dateknowledge to the Directorate Bachao-Beti Padhao' campaign to
General of Civil Aviation to make it promote the cause of girl child.
familiar withbest international practice s ii. Beti Bachao-Beti Padhao' campaign, ii. This approval will enable the Union
and latest International Civil aimed at ensuring survival, protection and Ministry of Railways to accelerate the
AviationOrganisations safety oversight empowerment of the girl child, was redevelopment of A-1 and A category
programme requirements. launched by Prime Minister Modi from railway stations across the country. These
Haryana's Panipat in January this year. stations generally are located in m ajor
2. IBM, IIM-B, Catalys t complete The state has one of the worst sex ratios cities, metro s, pilgrimage centres and
womens leadership development in the country. important tourist destinations.
programme. iii. These major railway stations will be
i. IBM on Friday today announced the 4. India inks $250-million loan pact redeveloped under a new a unique
graduation of the first group of students with World Bank for Andhra Pradesh method which is form of public
from Tanmatra, an innovative, cross- Disaster Recovery project. procurement of ide as called the Swiss
industry women's leadership development i. India has inked a financing agreement Challenge. It will also encourage
program conducted in collaboration with with World Bank (WB) to raise US 250 innovative ideas from interested parties
The Indian Institute of Management, million dollars financial assistance fo r without any additional extra cost from
Bangalore ( IIM-B) and Catalyst India Andhra Prade sh Disaster Recovery the Railways.
WRC. Project (APDRP). iv. Under this initiative, major stations will
be redeveloped by leveraging real
estate development of land and air
space in and around the stations. It also
includes permitting commercial
development of real estate by the Zonal

ii. Thirty high-potential women from 6. ICC ODI Rankings: India retain 2nd
industrie s including IT, banking, pharma, spot after clean sweep over Zimbabwe
and manufacturing completed Tanmatra ii. The motive of this project is Objective:
(which means potential in Sanskrit). The To restore, enhance re silience and
i. India have retained their 2nd position in iii. Australia retained the top notch in ICC
the latest ICC ODI Rankings which were ODI Rankings.
released today.
7. Neeraj Kumar appointed chief
security advisor for ICC World T20
i. Former Delhi Police Commissioner
Neeraj Kumar was appointed as the
Chief Advisor of Security and anti ii. Kumar was already roped in by the
corruption unit (ACSU) of BCCI for next BCCI for a one-year period in the anti-
years T20 World Cup to be hosted by corruption unit during the IPL.
India. iii. The Board of Control for Cricket in
India announced the names of the
ii. its 3-0 se ries victory over Zimbabwe, organising committee for the mega event
India has maintained its second place with Dr M V Sridhar as the General
ranking and still remains 14 points adrift Manager for Cricket Operations, the
of Australia who leads the field on 129 BCCI said in a statement.

Daily GK update: 18th July 2015

1. India and Myanmar to strengthen
defence ties
i. India and Myanmar have announced
plans to strengthen their defence
cooperation during a joint consultative
commission (JCC) meeting held in New
Delhi. This meeting was chaired by Union
External Affairs Minister Sushma Swaraj
and Myanmars Foreign Minister Wunna
Maung Lwin. ii. It should be noted that, this special
i. European Union (EU) has approved a arrangement was signed in addition to
short-term loan of 7.16 billion euros to the existing Framework on Currency
Greece after it was backed by the 28 Swap Arrangement for the SAARC
member states. This loan will allow member countries.
Greece to pay its huge debt to European iii. Earlier in March 2015, RBI had signed
Central Bank (ECB) and the International similar Currency Swap Agreement with
Monetary Fund (IMF) till new bailout plan Sri Lankan bank for 400 million dollars
is ratified. under the SAARC Currency Swap
ii. Both countries to work together on ii. The loan will be given through the Framework within the overall limit of 2
effective border management especially European Financial Stabilisation billion dollars.
on the issue of cross-border insurgency Mechanism (EFSM) which is a rescue fund iv. This Currency Swap Framework is
and terro rism. India has reaffirmed to set up during the first time bailout of signed between SAARC member
provide defence assistance program as Greece in 2010. But presently it covers countries. It seeks to provide a backstop
part of its Goodwill Diplomacy to the whole of the 28 EU member nations line of funding to member countries in
Myanmar in order to modernise their and not just the 19 eurozone members. order to meet any balance of payments
Armed Forces. iii. This loan fund will be officially fo r and liquidity crise s.
iii. Investments of Indian companies in three months, but looking at present debt
sectors like power, ports, agro-industries, crisis of Greece it can be sustained until 4. India's first private air freight station
mining, forest products, construction 20 August 2015. all set to open in Chennai
industry, highways, consumer goods, oil i. Indias first air freight station in the
and gas, manufacturing, plantation, 3. RBI, Central Bank of Sri Lanka ink private sector has come up at
hospitality and ICT will be encouraged. currency s wap agreement Irungattukottai near Chennai. The first
iv. Recently, defence cooperation i. Reserve Bank of India has signed a AFS in the country was set up in 2007
between both neighbours has grown afte r special currency swap agreement with the inside Central Warehousing Corporation
changes in political reform s of Myanmar Central Bank of S ri Lanka (CBS). Under in the city.
under President Thein Sein, which has this agreement, Sri Lankan bank can
made them less reliant on China. draw up to 1.1 billion dollars for a
maximum period of 6 months. It was
2. EU approves 7 Billion Euro Short- signed with an intention to mitigate the
Term Loan to Greece possible currency volatility in the spirit of
strengthening bilateral relations and
economic ties of India with Sri Lanka.

ii. Set up by the city-based Indev Logistics

at a co st of Rs.50 crore, the AFS will
reduce congestion at the gateway
airports and the carrier operators can
choose the AFS as a final destination for Vayase Oka Poolathota in Vichitra cartelization by four public secto r
cargo delivery. Bandham (1972). He was also has sang insurance companies in relation to a
iii. The major advantages of the AFS number of popular devotional songs. tender issued by the Government of
include faster evacuation of cargo from iii. His famous songs are in Andala Kerala for the implementation of RSBY
the major gateway airports; an Ramudu, Mutyala Muggu and Alluri and CHIS schemes.
integrated supply chain, minimised Sitaram a Raju films. His songs in N T
transaction logistics cost; and tracking o f Rama Raos film, Pothuluri 7. Jules Bianchi: F1 driver dies from
the mobility and movement of the cargo. Veerabrahmendra Swamy Charitra were Suzuka crash injuries
iv. All activitie s, including Custom a runaway success. i. French Formula 1 driver Jules Bianchi
documentation and examination, cargo has died, nine months afte r suffering
acceptance check, security checks, cargo 6. CCI imposes Rs 671 crore penalty on severe head injuries in a crash at the
palletisation and warehousing will be four state-run insurance companies 2014 Japanese Grand Prix.
carried out at the AFS, said Xavier Britto, i. The Competition Commission of India ii. Bianchi, 25, had been in a coma since
Chairman, Indev Group, at the soft launch (CCI) has imposed a penalty of Rs 671 crashing his Marussia into a recovery
of the AFS on Friday. crore on four public sector insurance vehicle at October's rain-hit race.
companies-National Insurance Co, New iii. He is the first F1 driver to die from
5. Veteran Telugu playback singer V India Insurance Co, Oriental Insurance Co injuries sustained in a Grand Prix since
Ramakrishna passes away and United India insurance company for Brazilian triple world cham pion Ayrton
i. Veteran Telugu playback singe r indulging in anti-competitive practices. Senna was killed at Italy's Imola circuit in
Vissam raju Ramakrishna passed away 1994.
due to cance r. He was 68. He had sung iv. Bianchi made his F1 debut with
many memorable songs for legendary Marussia in 2013 and was also a
south Indian actor turned politician N T member of the Ferrari young driver
Rama Rao and other top stars. academy after previously working as a
test driver for the team.

ii. The competition regulator these

insurance companies guilty of rigging a
tender floated by the Government of
Kerala in 2009 for selecting insurance
service provider for implementation of
the 'Rashtriya Swasthya Bima Yojna'.
ii. He had sung about 5,000 songs in his iii. The case was taken up by the
nearly 4 decades long career. His debut Commission suo moto pursuant to an
movie song as playback singer was anonymous information alleging

Daily GK update: 19th and 20th July 2015

1. Kerala Tourisms Muziris Heritage reinstate the historical and cultural honoured with the award at Preston
Project wins 2015 PATA Award significance Muziris. It was started in Guildhall by The University of Central
i. Kerala Tourism has won 2015 Pacific 2006 and also covers various other Lancashire (UCLan) for his contribution to
Asia Travel Association (PATA) award in historically significant sites and medical services.
the Heritage & Culture category for its monuments in central Kerala. iv. In 1989 for his community work Pande
Muziris Heritage Project. was presented with a Member of the
ii. The award bestowed in recognition 2. Indian-origin doctor Shiv Pande Order of the British Empire (MBE) by the
project efforts which aim at restoring and receives honorary fellowship in UK Queen Elizabeth II.
conservation of historical and cultural i. Shiv Pande, an Indian origin doctor has
significance of the ancient town and its been award with honorary fellowship by 3. India, Russia sign customs pact to
uniqueness and impact on local community prestigious University of Central boost trade
located in stretches from Ernakulam to Lancashire of United Kingdom. He was i. India and Russia have signed a customs
Kodungalloor in Thrissur district of Kerala. award with this fellowship in recognition and liberalize business visas agreement
iii. Muziris was an ancient seaport and of his contribution to the community as a to boost trade be tween both countries to
urban centre which dates from at least general practitioner and medical remove the hindrances and boost
the 1st century BC and located at the educator. commerce. This pact will help to rapid
clearances of impo rted goods at the land
and sea ports and addresses the issues
related to the non-tariff barriers.

mouth of the Periyar River in present ii.

south Indian state of Kerala. It was a key Pande was born and educated in India
centre for trade in ancient times between and had obtained his MBBS and Ms
southern India on one side and Egyptians, (General Surgery) degrees. Later in
Phoenicians, Greeks and Roman Empire 1971 he had move to the UK in 1971.
on the other side. iii. Till 1974, he had worked in cardio- ii. Both countries also have fixed a targe t
iv. Muziris Heritage Project is an thoracic surgery at London Chest of US 30 billion dollars to be achieved
ambitious tourism venture of Tourism Hospital, Fazakerley Hospital and Broad by 2025. This agreement will play
Department of Kerala in order to Green Hospital, Liverpool. Earlier, he was important role proposed International
North-South freight corridor (INSTC) for i. Nelson Mandela International Day was i. Alcides Edgardo Ghiggia, the
trade from India to Russia to central Asia observed across the world on 18 July Uruguayan soccer legend, died on 16
through Iran. 2015 to honour the former South African July 2015 following a heart attack. He
iii. Presently, bilateral trade between President and Nobel Peace Prize was 88. Coincidentally, 16 July 2015
both nations is extremely low and it was laureate Nelson Mandela (1918-2013). marked the 65th anniversary of the
just 9.51 billion dollars. In Ufa, Russia ii. The overarching objective of the Maracanazo match in which Ghiggia won
prior to BRICS ministerial meeting Prime Mandela Day is to inspire individuals to the goal in a stunning 2-1 victory over
Minister N arendra Modi and his Russian take action to help change the world fo r Brazil in the final game of the 1950 FIFA
counterpart President Vladimir Putin had the bette r, and in doing so build a global World Cup.
discussed ways to increase bilateral movement for good.
iv. Both countries also had reached an
agreement on setting up a Joint S tudy
Group which will recommend contours o f
a Free Trade Agreement (FTA) between
India and Eurasian Economic Union (EEU)
comprising Russia, Kazakhstan, Belarus
and Armenia.
iii. For the first time the day was ii.
4. Indo-Bangla joint survey in LBA celebrated on 18 July 2010 as per a UN Ghiggia gave Uruguay its second World
enclaves over nationality preference General Assembly resolution of Cup title in the Maracanazo match when
concludes November 2009. The UN created the Brazilians were expected to win but the
i. The official nationality preference Mandela Day to recognize his loss is still known in Brazil. He was the last
survey in recently swapped 162 enclaves contribution to end the discriminatory surviving Uruguayan player from the
on India- Bangladesh border under the apartheid system in South Africa. match.
Land Boundary Agreement (LBA) has iv. the day also presents an occasion to iii. Ghiggia started his professional
ended. The survey was conducted by the remember his contribution to the struggle career with the famous Uruguay club
Enclaves Exchange Co-ordination for democracy inte rnationally and the Penarol. He played for both Uruguay
Committee (EECC) of both countries fo r promotion of a culture of peace and Italy's national team s in his career.
ascertaining the nationality preference of throughout the world. He played 12 international matches fo r
over 50,000 enclave-residents. Uruguay and sco red four goals, all o f
6. Godfather actor Alex Rocco dies at which came in the 1950 tournament.
8. Amelie Mauresmo inducted into the
International Tennis Hall of Fame
i. Amelie Mauresmo, the two-time Grand
Slam winner and former number one
tennis player of France, was on 18 July
2015 inducted into the International
Tennis Hall of Fame.
ii. Mauresmo was unable to travel to the
ii. On Bangladeshs side it is found that
ceremony on Bill Talbert Center Court at
1,027 out of around 37,369 had opted
the Hall of Fame because she 's in her
for Indian nationality from the recently
third trimeste r of pregnancy.
swapped 111 Indian enclaves now
iii. The Frenchwoman is one of 21 players
located in Bangladesh. In case of Indias
in the history of the WTA to rise to No.1,
side, over 14,000 residents in 51
spending a total of 39 weeks there in the
Bangladeshi enclaves transferred to India i. Alex Rocco, the US actor best known for 2004 and 2006 seasons. She won two
have opted to relocate to Bangladesh. his role in crime drama The Godfather, Grand Slam titles in 2006 season, first at
iii. The nationality preference survey was has died of cancer aged 79. the Australian Open and then at
conducted by 75 joint-teams of EECC ii. Rocco played Moe Greene, the casino Wimbledon (beating Justine Henin in both
under the modalities of the LAB. The boss who angrily resisted a takeover finals). She won 25 singles titles and was
agreement came in to effect after Prime attempt from rising mafia boss Michael a silver medalist at the 2004 Athens
Minister N arendra Modis visit to Corleone and paid for it with a bullet Olympics.
Bangladesh in June 2015. through his eye. iv. At present, she coaches Scottish
iv. India had swapped around 111 iii. In a career spanning half a century, professional tennis player Andy Murray.
enclaves to Bangladesh, while the Rocco won an Emmy for his role in 1990s She is also the first woman to coach a top
counterpart had had swapped 51 sitcom The Famous Teddy Z. He also male tennis player.
enclaves. As per LBA, all 162 enclaves voiced the studio boss behind Itchy and
will stand transferred to the two Scratchy in The Simpsons.
respective countries on midnight of 3 1 iv. Rocco made his debut in cult director
July, 2015. Russ Meyer's 1965 film Mo tor Psycho. Six
years late r, he won a part in what was to
5. Nelson Mandela International Day become regarded as one of the best
was observed across the world on 18 films ever made.
July 2015 to honour the former South
African President and Nobel Peace 7. Uruguayan soccer legend Alcides
Prize laureate Nelson Mandela (1918 - Edgardo Ghiggia died
Daily GK update : 21th July 2015
1. BRICS bank launched in China as Food Safety and Standards Authority o f 5. VICE PRESIDENT RELEASES THE
alternative to World Bank, IMF India (FSSAI). BOOK 'LOCALE, EVERY DAY ISLAM
i. A new USD 100 billion bank floated by AND MODERNITY'
BRICS nations, including India, as an
alternative to the World Bank and IMF to
boost infrastructure funding in the
emerging economies and offer them
tailor-m ade services w as launched here

ii. Presently, he is Health and Family

Welfare Secretary was given additional i. The Vice President of India Shri M.
charge of FSSAI for three months. Sharma Hamid Ansari released a book entitled
is an IAS officer of 1981 batch from Locale, Everyday Islam and Mode rnity
Bihar cadre. authored by Shri M. Raisur Rahman at a
iii. FSSAI is a nodal statutory agency function here today.
ii. The opening ceremony of the New responsible for protecting and promoting ii. Dissolving the distinctions between
Development Bank (NDB) was held here public health in India through the centre and periphery, this book presents
in Chinas financial capital. Chinese regulation and supervision of food safety. the Qasbahs of colonial India as vital and
Finance Minister Lou Jiwei, Shanghai FSSAI was established under the Food vibrant centres of intense intellectual and
Mayor Yang Xiong and the banks Safety and Standards Act, 2006 and cultural activity.
President K V Kamath attended the operates under aegis of Union Ministry of iii. The book demonstrates that the
opening ceremony. Health & Family Welfare. emergence of modernity among Muslims
iii. Kamath, 67, who will be the banks iv. FSSAI has been established to lay was a process during their colonial
President for the first five years, said he down science based standards for various encounter in which Qasbah residents were
was confident to deliver peoples food products in order ensure availability active agents, and the Islam that
expectation of the new bank. of safe and wholesome food for human emerged was that of everyday living.
iv. BRICS economies Brazil, Russia, India, consumption. It also regulates the
China and South Africa launched the manufacture, storage, distribution, sale 6. Now an exclusive mobile app for
multi-billion dollar development bank at and import of food products fo r human Vat, GST and Service Tax
the 7th BRICS summit held in the Russian consumption.
city of UFA on July 8 amid efforts to
finance infrastructure projects, m ainly in 4. Indian Railways and Odisha
member countries.
Government signed MoU for Dasappla -
Bolangir Railway Line
2. Union Government launches
i. The Union Railways Ministry and the
National Career Counselling portal Odisha Government on 20 July 2015
i. Union Government has launched
signed Memorandum of Understanding
National Career Counselling Portal in a (MOU) for implementation of Dasapalla -
bid to modernize all government-run
Bolangir segment of Khurda Road -
employment exchanges. Bolangir New Broad Gauge Railway Line i. The rapidly changing indirect tax ation
on cost sharing basis. system in India has made it essential fo r
every businessman or professional to be
conversant in the basics of the indirect
taxation. In the current high tech era,
everyone is a tech savvy so it is more
ii. It was launched by Prime Ministe r
convenient to use a smart phone and
Narendra Modi under the aegis o f
browse the info rmation rather than
National Career Service (NCS) project o f
searching the information from the pile of
Union Ministry of Skill Development and
ii. The agreement was signed by Ved ii. Keeping in mind the above, CA Atul
iii. The web portal will be a one-stop
platform for both job providers and job Parkash Dudeja, Executive Directo r Kumar Gupta along with his team has
(Works) Ministry of Railways and Sanjay made an endeavor to acquaint the
seekers where registration can be done
online. It will provide basic platform fo r Rastogi, Commissioner-cum-Secretary, common man apart from the
Commerce & Transport Department, professionals, regarding the dynamic
searching and applying for jobs on the
portal. Odisha Government. indirect taxation system, through mobile
iii. The project will be completed in three application TAXO.
iv. It will also provide candidates career-
related counseling either by its helpline years of time after handing over of the iii. The idea behind TAXO is to update
land by the state. This Railway line and educate not just the tax ation
numbers or visiting these centres along
with other facilities like job posting, running across the state from east to west professionals but every one on ongoing
will usher the six districts- Khurda, Puri, basis by providing prompt and live
aptitude assessment, job matching,
training providers, skill courses and Nayagarh, Boudh, Subarnapur and access to the changing business
Bolangir into a new era of development. environment in India.
guidance on self-employment and
entrepreneurship. iv. The signing of MoU by Odisha iv. TAXO is a platform where the general
Government will help in accelerating the public can get an insight into the basic
3. Bhanu Pratap Sharma appointed as development in the districts falling on fundamentals of Indirect Taxation.
Chairperson of FSSAI Khurda-Bolangir line and will help create
i. Union Government has appointed job opportunities in this nax al-affected 7. At 50, model-actor Milind Soman
state. wins Ironman title in toughest
Bhanu Pratap Sharma as Chairperson
triathlon in Zurich
i. Model-actor Milind Soman, who turns in 16 hours by participants for an iv. The event saw seven-time reigning
50 in November this year, has won the Ironman title. champion Ronnie Schildknect taking his
Ironman title at a triathlon held in Zurich iii. Of the seven Indians who participated eighth title and declared the overall
in Switzerland on July 19 in which over in the race this year, five completed the winner.
2,000 participants this year included race. Successfully leading the contingent
seven Indians. was 11-time winner of Ironman title,
ii. The triathlon, organised by World Punes Dr Kaustubh Radkar, who
Triathalon Corporation, includes a 3.8-km completed the race in 12 hours and 32
swim, 180.2-km cycle ride and 42.2-km minutes. This is Dr Radkars 12th Ironman
run and is widely regarded as the worlds title which now qualifies him for the
toughest race, which has to be comple ted Hawaii Ironman World Championship to
be held in 2017.

Greek debt crisis: Essay

Essay on GREEK DEBT CRISIS which is burning topic of this hour across the world. There is much anticipation of this topic to be
in the exam. This topic is crucial from the point of view as an Essay as well as General Awareness.
Since, Greece is the current interesting issue in the world and the downfall of its economy h as been discussed. The financial crisis
affected the entire economy, thus the topics are interrelated to each other. Hence the crisis affects all the sectors in the country.
Thus the reasons for the crisis and its impact have been outlined in this article.

Greece became the tenth member of the European Union in 1981 which ushered the period of remarkable sustainable growth in
the country. The country aimed to raise their standard of living to unprecedented levels which would be achieved by widesprea d
investments in industries, growing revenues from tourism and shipping. The country then adopted the Euro in 2001. In 2004
Greece hosted the Olympics games.
The roots of Greece's crisis are simple. Before Greece joined the Eurozone, investors treated it as a mi ddle-income country with
poor governance which is to say, a credit risk. After Greece joined the Eurozone, investors thought that Greece was no longer a
credit risk they figured, if push came to shove, other Eurozone members like Germany would bail Gre ece out. They were
wrong. After joining of Greece as the Eurozone member, investors began lending to Greece at about the same rates as they lend to
Germany. Faced with this sudden availability of cheap money, Greece began borrowing like crazy. And then, wh en it couldn't pay
back its debts, it turned out financial markers were wrong: Germany and other Eurozone nations weren't willing to simply bail
Greece out. That led the market to panic around 2010, and you can see interest rates on Greek debt spike once again. Those high
interest rates make it basically impossible for Greece to borrow, and that makes it impossible for Greece to pay its debts.
The result: Greece is insolvent and the Eurozone isn't as tight a union as the financial markets and maybe the Eurozone's
member states believed. That's the crisis.
Greece's debt-to-GDP ratio is an insane 172%, It's much higher than any other country in the Eurozone. But making matters worse
is the fact that the financial markets no longer see Greece as debt-worthy. No one wants to lend to Greece at reasonable rates, and
so Greece can't keep paying to service its current debts while carrying out basic government functions.
The latest round of the Greek crisis began when Greece rejected its two main political parties in favor of the far-left Syriza. The
main reason? Syriza promised to free Greece from the grinding austerity that was leading to such widespread human misery. The
only problem? Syriza had no actual plan for freeing Greece from austerity; they tried to ren egotiate the terms of the Eurozone's
support for Greece and came away basically empty handed. And so Syriza is asking the Greek people to vote on whether to accept
the Eurozone's terms and, by proxy, to remain in the Eurozone. The vote is basically a fin al, desperate ploy for leverage, and
one that's likely to fail. Either the Greek people endorse more of the same, which Syriza doesn't want, or they reject the Eu rozone's
offer, and basically have to leave the Eurozone, which would also be a disaster.
Over the past six years, Greece has experienced an economic depression on the scale of that experienced by the United States in
the 1930s. Its economy has contracted by around 25 percent, its unemployment rate has exceeded 25 percent, and its youth
unemployment has risen to over 50 percent.
At the same time, despite five years of budget austerity and a major write -down of its privately owned sovereign debt, Greece's
public debt to GDP ratio has risen to 180 percent. At the heart of Greece's economic collapse has been the application of draconian
budget austerity within a Euro straitjacket. That straitjacket has precluded exchange rate depreciation or the use of an independent
monetary policy as a policy offset to the adverse impact of budget belt-tightening on aggregate demand.
In other words, the debt crisis destroyed Greece's economy, which in turn destroyed Greece's ability to pay back its creditors or
employ its people, which in turn forced Greece to beg the Eurozone and IMF for help and the austerity measures they demanded
destroyed Greece's economy even more.
The Greek government now faces the challenge in the economy of restructuring the reforms and to ensure that the economic
policies continue to enhance economic growth and increase Greece standard of livi ng and development in the economy.
Pursuing a strong fiscal policy which is combined with public-sector borrowing and the lowering of interest rates has been the
challenge for Greece. The Central bank of Greece is also making efforts to increase borrowings at low interest rest in order to
stabilize the economy.
The Government should reduce its expenditure and hence domestic products need to be encouraged. As the excess of exports
would enable finance the deficit in the economy. Also it will lead to rise in GDP thereby leading to decline in rate on unemployment.

In the recent days, we are hearing a lot about a new type of chronological order of the block chain are enforced with
currency, "Bitcoin". It is basically a "virtual currency", which is cryptography.
making quite hype in market today. There are various myths Transactions - private keys - A transaction is a transfer of value
and speculations surrounding this currency. So, here we are between Bitcoin wallets that gets included in the block chain.
presenting to you the brief about "Bitcoins". Hope you like the Bitcoin wallets keep a secret piece of data called a private key
post!!! or seed, which is used to sign transactions, providing a
mathematical proof that they have come from the owner of the
What is Bitcoin? wallet. The signature also prevents the transaction from being
Bitcoin is a distributed peer-to-peer digital currency that can be altered by anybody once it has been issued. All transactions
transferred instantly and securely between any two people in are broadcast between users and usually begin to be
the world. It's like electronic cash that you can use to pay confirmed by the network in the following 10 minutes, through a
friends or merchants. process called mining.
Processing - mining - Mining is a distributed consensus system
Who created bitcoins? that is used to confirm waiting transactions by including them in
According to various newspaper article, a 64-year-old the block chain. It enforces a chronological order in the block
Japanese-American physicist Satoshi Nakamoto is speculated chain, protects the neutrality of the network, and allows
as the creater of Bitcoin. different computers to agree on the state of the system. To be
confirmed, transactions must be packed in a block that fits very
strict cryptographic rules that will be verified by the network.
These rules prevent previous blocks from being modified
because doing so would invalidate all following blocks. Mining
also creates the equivalent of a competitive lottery that
prevents any individual from easily adding new blocks
consecutively in the block chain. This way, no individuals can
control what is included in the block chain or replace parts of
the block chain to roll back their own spends.

How do we do business? Using bitcoins!

You offer to pay me for my services via bitcoins and I accept
What are bitcoins? the same. Why bitcoins? Because bitcoins are anonymous and
Bitcoins are the unit of currency of the Bitcoin system. A are not traceable by anyone. They are the perfect way for
commonly used shorthand for this is BTC to refer to a price or people to do business with each other without revealing
amount (e.g. 100 BTC). There are such things as physical identities. They don't leave any digital footprints like credit card
bitcoins, but ultimately, a bitcoin is jus t a number associated records, bank transactions, etc.
with a Bitcoin Address. A physical bitcoin is simply an object, So let's say that we agree to a 'deal' and you agree to send me
such as a coin, with the number carefully embedded inside. bitcoins in advance to pay me for my job. I set the price at 3
See also an easy intro to Bitcoin. bitcoins for my work. The current rate is about Rs 38,000 per
bitcoin. So, you are paying me about Rs 1.15 lakh for this
How can I get bitcoins? covert operation.
The entire bitcoins currency is generated by algorithms, it is
very easy to make sure that once the 21 million mark is Why are bitcoins so valuable?
reached there are no more bitcoins to be issued. Bitcoins, their The absolute brilliance of bitcoins is that only 21 million bitcoins
issue and their maximum circulation have been predetermined will ever be made available in the market. (So far 13 million are
from the beginning and therein lies its innate value. in circulation and 8 million more will be gradually released into
the system by the end of 2140). Given that the entire bitcoins
You can obtain Bitcoins by purchasing them from someone currency is generated by algorithms, it is very easy to make
else using regular currency or by earning them through a sure that once the 21 million mark is reached there are no more
system called Bitcoin Mining. Bitcoins are stored in Bitcoin bitcoins to be issued.
wallets which also manage addresses from which you can send
and receive payments. New and different addresses can be Does Bitcoin guarantee an influx of free money?
generated for different transactions and can be done as many Since Bitcoin is a new technology, what it is and how it works
times as required. may be initially unclear. Bitcoin is sometimes presented as
being one of three things:
How does it work? A. Some sort of online 'get-rich-quick' scam.
As a new user, you can get started with Bitcoin without B. A loophole in the market economy, the installation of which
understanding the technical details. Once you have installed a guarantees a steady influx of cash.
Bitcoin wallet on your computer or mobile phone, it will C. A sure investment that will almost certainly yield a profit.
generate your first Bitcoin address and you can create more In fact, none of the above is true.
whenever you need one. You can disclose your addresses to
your friends so that they can pay you or vice versa. In fact, this Is Bitcoin a 'get-rich-quick' scheme?
is pretty similar to how email works, except that Bitcoin If you've spent much time on the Internet, you've probably seen
addresses should only be used once. ads for many 'get-rich-quick' schemes. These ads usually
promise huge profits for small amounts of easy work. Bitcoin is
Balances - block chains - The block chain is a shared public in no way similar to these schemes. Bitcoin doesn't promise
ledger on which the entire Bitcoin network relies. All confirmed windfall profits. There is no way for the developers to make
transactions are included in the block chain. This way, Bitcoin money from your involvement or to take money from you.
wallets can calculate their spendable balance and new Bitcoin is an experimental, virtual currency that may succeed or
transactions can be verified to be spending bitcoins that are may fail.
actually owned by the spender. The integrity and the
As an investment, is Bitcoin a sure thing? In a Ponzi Scheme, the founders persuade investors that theyll
Bitcoin is a new and interesting electronic currency, the value profit. Bitcoin does not make such a guarantee. There is no
of which is not backed by any single government or central entity, just individuals building an economy.
organization. Like other currencies, it is worth something partly
because people are willing to trade it for goods and services. A ponzi scheme is a zero sum game. Early adopters can only
Its exchange rate fluctuates continuously, and sometimes profit at the expense of late adopters. Bitcoin has possible win-
wildly. It lacks wide acceptance and is vulnerable to win outcomes. Early adopters profit from the rise in value. Late
manipulation by parties with modest funding. Anyone who puts adopters, and indeed, society as a whole, benefit from the
money into Bitcoin should understand the risk they are taking usefulness of a stable, fast, inexpensive, and widely accepted
and consider it a high-risk currency. p2p currency.

How are new bitcoins created? Facts about Bitcoin

New bitcoins are generated by the network through the process - Bitcoin is a real currency that fluctuates in price and which
of "mining". In a process that is similar to a continuous raffle can be exchanged to conduct real business.
draw, mining nodes on the network are awarded bitcoins each - The business of transacting bitcoins and earning bitcoins in
time they find the solution to a certain mathematical problem return is really the nerve centre of this esoteric currency, and
(and thereby create a new block). Creating a block is a proof of this is what makes it unique.
work with a difficulty that varies with the overall strength of the - Bitcoin is a work of not one but many geniuses. Satoshi
network. The reward for solving a block is automatically Nakamoto may have been the chief blueprint architect whose
adjusted so that, ideally, e very four years of operation of the master design many other super clever architects used to build
Bitcoin network, half the amount of bitcoins created in the prior on.
4 years are created. - Bitcoins will get harder and harder to earn. Hence they will
Blocks are mined every 10 minutes, on average and for the first only keep growing in value as the years roll by.
four years (210,000 blocks) each block included 50 new - Bitcoin is vulnerable despite being proclaimed as a digital
bitcoins. As the amount of processing power directed at mining currency with a permanent trace. But its theft only points to the
changes, the difficulty of creating new bitcoins changes. fact that it is potentially very valuable.
- Bitcoin is here to stay. It may have its share of troubles, but its
Is Bitcoin a Ponzi scheme? acceptability is growing leaps and bounds.

Daily GK update : 22nd July 2015

1. Union Government launched i. In what is claimed to be his most
Surakshit Khadya Abhiyan expensive endorsement ever, Bollywood
i. Union Minister of Consumer Affairs, star Amitabh Bachchan was roped in by
Food and Public Distribution Ram Vilas Doordarshan officials to endorse Prime
Paswan on 21 July 2015 launched the Minister Narendra Modis pet project DD
Surakshit Khadya Abhiyan, a countrywide Kisan for a whopping Rs 6.31 crore.
campaign, to create mass awareness and
capacity building for safe and hygienic
ii. The initiative complements the widely
popular multi-media campaign Jago
Grahak Jago which empowers the
consumers of its rights and demands. This
campaign, planned by CII and Consumer
Organization VOICE, and National ii. While RBI has communicated to PFRDA
Association of Street Vendors of India about NRIs being eligible to make such
(NASVI), is an effort towards building a ii. The channel was launched by Modi on investments, the government will shortly
culture of food safety in the country. 26 May at a time when debt-ridden come out with a clarification on Foreign
farmers were committing suicide. Exchange Management Act (FEMA)
Bollywood stars like Ajay Devgan, Kajol guidelines to facilitate non-resident
and Salman Khan were considered as Indians to invest in National Pension
endorsers, Hindu reported. Bachchan is System (NPS).
already the brand ambassador of iii. Highlighting the importance of NPS
Gujarat. scheme for Non-Resident Indians (NRIs),
iii. E-mails and documents with The Hindu he said such residents especially living in
show how Lintas India Pvt Ltd, an agency the Middle-East are not having any
empanelled with Doordarshan, drove a mandato ry social security benefit.
iii. Under the campaign, nationwide hard bargain with the channels officials iv. The Pension Fund Regulatory and
sensitisation sessions on cleaning, hygiene to have Bachchan endorse the channel for Development Authority (PFRDA) is in talks
& sanitation for safe food, Walkathons Rs 6.31 crore after initially agreeing to a with lenders such as SBI, HDFC Bank,
and Media dissemination programmes fo r sum of Rs 4.02 crore (Rs 40.2 million) Canara Bank, Indian Bank and several
Consumers, Street Food Industrie s will be towards the to tal co st of celebrity other south India-based banks to tap
organized across the country. endorsement. potential of NRIs.
iv. The ministry also launched a website
and a logo of the campaign and also 3. NRIs can invest in NPS: PFRDA 4. United Nations Security Council
signed a pledge for adopting safe food i. Non-resident Indians (NRIs) can invest in adopts resolution endorsing Iran
practices. National Pension System (NPS) to get a nuclear deal
social security cover. i. The United Nations Security Council
2. DD Kisan ropes in Amitabh Bachchan (UNSC) unanimously adopted a resolution
for Rs 6.31 crore for endorsing the historic deal on Irans
nuclear program. It was supported by all
15 representatives of countries on the without restriction to sex, race, ethnic ii. He will succeed Myntras co-founder
Security Council and opened path to lift background or genre. The aw ards do no t Mukesh Bansal who is presently serving as
nuclear-related economic sanctions on have any individual categories and since the head of Flipkart's commerce platfo rm.
Iran. 2000, Lifetime Achievement award is also iii. Prior to this appointment, he was
given. leading McKinseys product development
in Asia and its Automotive Practice in
6. Pipavav Defence inks pact with India. He has worked with McKinsey for
Russian firm Zvyozdochka to refit 15 years across four office s, namely
submarines Chicago, Shanghai, Taipei and Chennai.
i. Anil Ambani-led Reliance Groups iv. The acquisition of Myntra by Flipkart
Pipavav Defence and Offshore for more than 300 million US dollars in
Engineering (PDOE) inked a multi-crore May 2015, the company in June 2015
ii. It also paved the way for establishing agreement with Russian firm also roped in Google Chromecast head
a monitoring system for Irans nuclear Zvyozdochka, JSC Ship Repairing Centre. Ambarish Kenghe as Senior Vice
programme. UNSCs passed resolution ii. The agreement was signed in lines with President and Head of Product.
marks the endorsement of the Joint Make in India initiative for the Medium
Comprehensive Plan of Action (JCPOA) Refits and Life Certification of 877 EKM 8. India and Singapore signed
which had find out the final histo ric Submarines in India. With this, Reliance agreement to enhance maritime
diplomatic solution for Iranian nuclear Group became the first private secto r cooperation
issue in Vienna, Austria on 14 July 2015. Indian company to refit of submarines in i. India and Singapore on 21 July 2015
iii. There was a decade long deadlock India. signed Technical Agreement (TA) on
between Iran and Western countries over iii. Both entities will execute the sharing white-shipping inform ation to
the issue of Irans Nuclear Programme programme under a joint venture (JV) enhance maritime cooperation between
and safety concerns of uranium company with an indicative value of the two navies. The agreement was
enrichment. Western Countries especially 11,000 crore rupees in which PDOR will signed during the visit of Navy chief
US, had alleged that Irans Nuclear have 51 per cent stake. Admiral R K Dhowan to Singapore.
Programme may be used by them to iv. As per the agreement, Zvyozdochka ii. The White-shipping refe rs to
produce enriched uranium to develop will provide complete technical support commercial shipping information about
nuclear warheads. and assistance to the JV Company. It will movement of cargo ships.
also provide the enhancement of iii. The Singapore Navy and the Indian
5. Naomi Klein wins 2015 American infrastructure at the PDOC facilities in Navy conduct the Singapore-India
Book Award Gujarat and training of engineers. Maritime Bilateral Exercise (SIMBEX)
i. Noted Canadian author Naomi Klein together annually. In 2015, the SIMBEX
has won the 36th edition of American 7. Ananth Narayanan appointed as was held in May, this was the 22nd in the
Book Award 2015. She has won this Chief Executive Officer of Myntra series.
award for her environmental work This i. Former McKinsey director Ananth iv. Both navies also interact regularly
Changes Everything: Capitalism vs. the Narayanan on 21 July 2015 was through high-level visits, dialogues, joint
Climate published in 2014. appointed as the Chief Executive Officer military training, courses and other
(CEO) of the Flipkart-owned fashion store professional exchanges.
Myntra. He will assume the charge on 1
October 2015.

ii. Apart from her, 14 others also have

won the award. Some of them are
Marlon James (A Brief History of Seven
Killings), Carlos Santana (The Universal
Tone) etc. Poet Anne Waldman was
honoured with lifetime achievement
award in this edition of prize.
iii. American Book Award honours persons
for their excellence in American literature
Daily GK Update: 23rd July 2015
1. Puducherry city firs t to get Smart city process of first stage intra-state
nomination competition.
i. Puducherry city has emerged as the first Since 2011, Puducherry Municipal
nomination to be received by the Urban Corporation (PM) has achieved 18 pe r
Development Ministry for a Smart City cent improvement in provision of
Mission. In this regard, Government of household sanitary latrines. Internal
Union Territory of Puducherry has revenue generation has continuously
nominated its capital city for inclusion in increased by 14 pe r cent over the past
the Union Governments flagship 100 iii. The nomination was forwarde d based three year period of 2012-13 to 2014-
Smart Cities Mission. on the recommendations of the High 15.
ii. It also has forwarded the nomination Powered Steering Committee (HPSC)
along with all the forms and documents as constituted as pe r the guidelines of 2. 14 States, UTs achieve literacy rate of
required in the Stage-1 of City mission. It was headed by Chief 80%: Government
Challenge competition. Secretary of UT and had overseen the i. Union Government has announced that
14 States and Union Territo ries (UTs)
have achieved or exceeded the literacy UIDAI, transport database and National
rate of 80 percent. It was announced by Population Register.
Union Human Resource Development iv. By computerising the functioning of
Minister Smriti Irani in a w ritten reply to police stations, prosecution directo rates,
the Lok Sabha. prisons and fo rensic laboratories. It will
ii. 14 States and UTs are: Kerala, also ensure smooth data exchange
Lakshadweep, Mizoram, Goa, Tripura, among these various systems along with
Daman and Diu, Andaman and Nicobar e-court sy stems which are already
Islands, NCR of Delhi, Chandigarh, functioning throughout the country.
i. Conakry, the capital of the Republic of
Puducherry, Himachal Pradesh,
Maharashtra, Sikkim and Tamil Nadu. Guinea, was on 21 July 2015 named as 6. World University Games no-show:
the World Book Capital for 2017 by
iii. Union Governments flagship scheme AIU hands three-year ban to archers
of Sarva Shiksha Abhiyan has helped to United Nations Organization for and coach, wants money back
Education, Science and Culture
improve literacy rate. For implementing
the scheme, Centre has helped the States (UNESCO). The decision was made by an
international committee of experts on 30
and UTs. The literacy of adults has been
covered under the Saakshar Bharat June 2015 during a meeting.
Programme. ii. The selection committee singled out
iv. It was also announced that 10 State s Conakry for the quality and diversity o f
and UTs have also been able to reduce its programme, in particular for its focus
gender gap to 10 per cent or less. These on community involvement as well as for
states are Punjab, Chandigarh, its well-structure d budget and clear i. Cracking the whip on the three archers
Nagaland, Mizoram, Tripura, development goals with a strong who missed the bronze medal play-off
Meghalaya, Goa, Lakshadweep, Kerala emphasis on youth and literacy. during the recently-concluded World
and Andaman and Nicobar Islands. iii. The World Book Capital is selected University Games, the Association of
every year by the international Indian Universities has banned them and
3. National Broadcasting Day observed organizations that represent the three their coach for three years, beside s
across the country major sectors of the book industry: asking them to return the money spent on
The International Publishers them.
Association (IPA) ii. The compound team trio did not turn up
The International Booksellers at the bronze medal play-off against
Federation (IBF) Italy in the July 3-14 World University
The International Federation of Games at Gwangju in South Korea,
Library Associations and Institutions thereby forfeiting the match.
(IFLA) iii. The inquiry report was examined, it
The year for awarding World Book was found/observed that athle tes and
Capital starts on 23 April, which is official of the Indian contingent failed to
i. National Broadcasting Day was celebrated as World Book and turn up for participation in the prestigious
observed on 23 July 2015 across the Copyright Day. event.
country. It is on this day in 1927, the iv. the AIU did not furnish the reason why
Indian Broadcasting Company started the athletes could not reach the archery
5. CCEA extends CCTNS deadline to competition venue on time. The AIU had
radio broadcasting from Bombay station.
March 2017 also asked for a report from R K Sharm a
ii. To mark the day, All India Radio (AIR)
i. Cabinet Committee on Economic Affairs who had accompanied the Indian
organized a symposium on the subject
(CCEA) has extended the deadline for contingent to Korea.
Creation of New India and B roadcasting
implementation of Crime and Criminals
Medium in New Delhi.
Tracking network and Systems (CCTNS) 7. Finger lickin' train food: KFC partners
iii. Colonel Rajyavardhan Singh Rathore,
the Minister o f State for Information and project till March 2017. with IRCTC to start delivery system for
Broadcasting, speaking at the symposium, passengers
highlighted the role of Prasar Bharati in i. The fast food chain has tied up with the
taking news of public inte rest to the IRCTC to start a delivery system fo r
length and breadth of the country and passengers. From 20 July onwards, a
said that government is committed to the person travelling on train can order KFC
autonomy of Prasar Bharati. meal, while booking ticket through IRCTC,
iv. Broadcasting in India began in July under e-catering service initiatives, KFC
1923 with programmes by the Radio said in a statement.
Club of Mumbai. According to an ii. Decision in this regard was taken by
agreement of 23 July 1927, the private CCEA meeting chaired by Prime Ministe r
Indian Broadcasting Company LTD (IBC) Narendra on the proposal forwarded by
was authorized to operate two radio Union Ministry of Home Affairs. CCEA
stations; the Mumbai station began on 23 also approved additional five years
July 1927, and the Calcutta station phase for operation and maintenance of
followed on 26 August 1927. the CCTNS up to March 2022.
iii. It is an ambitious online system and ii. this facility is available only on 12
4. Conakry named as World Book central citizen portal that will link all trains passing through New Delhi railway
Capital for 2017 by UNESCO state-level citizen websites under single station. However, it will be expanded to
platform which will provide a number o f Vishakhapatnam, Hyderabad
citizen friendly services. The services will (Kacheguda) and Bangalore
include reporting a crime, police (Yeshwantpur) stations over the next 10
verification for passports, linkages with days, the statement added.
iii. Consumers will have to visit the IRCTC his son Lito Bujanda-Moore told The i. Book titled R.D. Burman: The Prince of
website or call on 18001034139 (Toll Associated Press yesterday. Music authored by Khagesh Dev Burman
Free) to place their order. A password was released on 27 June 2015, the day
will then be sent by KFC to the consumers when the music world celebrated the 76th
mobile phone which will have to be birth anniversary of Rahul Dev Burman.
mentioned at the time of delivery. ii. The author through the book has tried
iv. IRCTC is looking to expand its culinary to look into almost every aspect of R.D
network by attempting to get joints such Burman like his childhood in Kolkata, his
as Cafe Coffee Day, Barista and even failure in studies, his beginning as an
Subway in the fold. IRCTC in its effort to assistant to his father SD Burman as well
offer be tter fare at stations is talking to iii. Moore drew Archie Andrews and his as his rise as a musician. It also looks into
Cafe Coffee Day, Pizza Hut, Barista friends on and off from 1953 until he his downfall due to ill-health and some
Coffee, Subway and Jumboking retired in the late 1980s. Annual sales o f bad decisions.
Vadapav, urging them to open eate ries the comic regularly surpassed half a iii. The book also reveals the fact about
at stations. million during the 1960s, according to the number of songs and tunes of Burman,
El Paso Times. which remained unused. It says that there
8. Archie Comics cartoonist Tom Moore iv. After retiring, Moore kept tabs on are songs which remained unreleased o r
dies at 86 Archie, and disagreed when the comic shelved films, like two songs in unreleased
i. Tom Moore, the cartoonist who brought book company decided to kill off the film Raj and two songs of the unreleased
to life the escapades of Riverdale character. The El Paso Museum of Art Abhi Abhi remained shelved.
residents in Archie comics has passed displayed some of Moore's work and his
away. He was 86. vast comic collection about 20 years ago.
ii. Moore, who began drawing cartoons
while in the US Navy during the Korean 9. R.D. Burman: The Prince of Music
War, died early Monday morning while written by Khagesh Dev Burman
in ospice care in his hometown of El Paso,

Daily GK Update: 24th July 2015

1. Earth 2.0: What we know about development of villages in the buffer Government. The two companies have
Kepler 452b, the most Earth-like planet zones of tiger reserves and around them. agreed to form a joint venture (JV) firm
ever discovered with Reliance having 51 percent stake as
i. Nasa scientists have announced the per Governments policy.
discovery of Kepler 452b, also known as iii. The joint venture will be involved in
'Earth 2.0', an earth -like planet in our development, production, sales,
galaxy. modification and life suppo rt for different
ii. Over the course of years of data- sizes of Aerostats and Airships. This JV
gathering by the Kepler space telescope will address the requirements of domestic
and even more analysis and work here on ii. Its objectives are to reduce the man - market and also addressable
Earth, scientists confirmed the existence of animal conflict and achieve sustainable regional/global markets.
the distant exoplanet, which is the most development of these villages. The iv. The Aerostat radars are deployed
earth-like plane t ever discovered. scheme also aim s at reducing the extensively in the surveillance,
dependence of villagers on the forest. reconnaissance and communication roles
iii. The scheme will seek to boost the by the army. These are also useful in
supplementary businesses to farming detecting low-flying fighter aircraft.
activities and create alternative
employment possibilities in these areas. 4. CSC, HCL form joint venture to
iii. A year on the newly-discovered planet The scheme will be launched on project provide technology services, solutions
- the time it takes to orbit its star, Kepler basis from 2015-16 to 2019-2020. to banks
452 - lasts for 385 days, only 20 days i. IT companies CSC and HCL
longer than a year here on Earth. 3. Reliance Group, Augur Overseas Technologies have signed an agreement
iv. Kepler 452b has been the perfect Operation signed MoU to manufacture to form a banking software and se rvices
distance from its star for many billions of Aerostats and Airships company to provide technology services
years. According to Jon Jenkins, the i. Anil Ambani-led Reliance Group and solutions to the banking industry.
Kepler data analysis lead at NASA's through its entity Reliance Unmanned ii. The joint venture will invest in platform
Ames Research Centre, this means it's Systems on 23 July 2015 signed a modernisation and product functionality
possible that it hosts life on its surface, o r Memorandum of Understanding (MoU) enhancement and will capitalise on the
at least could have at some point in its with Augur Overseas Operation of proven capabilities of both companies in
history. Singapore to m anufacture Aero stats and addressing the multi-billion-dollar, global
Airships in India. core banking software market.
2. Maharashtra cabinet approved
scheme for development of villages
around Tiger reserves
i. Maharashtra Cabinet on 23 July 2015
iii. CSC, which serves over 100 premier
approved Shyamaprasad Mukherjee Jan banking and financial services clients in
Van Vikas Scheme. The scheme proposed
15 countries, will provide its core
by Forest Minister Sudhir Mungantiw ar in ii. As per the MoU, both the parties will banking, cards, payments and default
the states annual budget 2015-16 aim s
collaborate on new technologies for the management industry talent, so ftware
at creation of comprehensive civil and military market as part of the and product development expertise.
Make in India initiative of Union
iv. HCL will provide capital investment, its state-owned aluminium company, almost food safe ty authority in court. (Reporting
experience in product engineering and three months after the previous incumbent by Nivedita Bhattacharjee; Editing by
application implementation services, as Ansuman Das superannuated on April 30, Clara Ferreira Marques and Susan
well as banking sales and client 2015. Fenton)
engagement expertise.
6. Suresh Narayanan appointed new 7. Shubham Jaglan won IJGA World
5. T K Chand appointed as CMD of Nestle India MD after Maggi scare Stars of Junior Golf event 2015
National Aluminium Company i. 10-year old Shubham Jaglan on 22
July 2015 won the IJGA World Stars o f
Junior Golf event in Las Vegas. Jaglan is
the son of a milkman from rural Haryana,
ii. He shot a three round score of 106
winning by a five-stroke margin, ahead
of two Americans Justin Dang and Sihan
Sandhu and Thailand's Pongsapak
Laopakdee for the Boys 9-10 years
i. Swiss food group Nestle has replaced category title.
i. T K Chand has been appointed as the the head of its Indian operations as the iii. He also scripted a scintillating one-
company battles its worst ever public stroke win at the Junior Wo rld Golf
new chairman-cum-managing directo r
(CMD) of National Aluminium relations crisis in the country, following a Championships that was held at Welk
food scare that forced it to withdraw its Resort Fountain Course in California.
Company(Nalco). Chand who has been
Director (Commercial) of Rashtriya Ispat popular instant noodles.
ii. Nestle has been at the centre of Indias
Nigam Limited (RINL), will take up his new
position on Monday, July 27, 2015. worst food scare in a decade, after a
regulator in the northern state of Uttar
ii. The Public Enterprises Selection Board
recommended his name for appointment Pradesh in May found excess lead in a
sample of its hugely popular Maggi
as CMD of the Nalco in November last
year afte r short-listing 11 candidates. noodles.
iii. Criticised for its slow response to
The Department of Personnel issued the
appointment order earlier this week. consumer worries over safety, the
company withdrew the noodles from the
iii. His appointment fills in a key
shelves of Indian stores last month. It has
leadership role at the country's largest
since challenged the findings of Indias
Daily GK Update: 25th July 2015
1. WTO slashes tariffs on IT goods but
implementation held up.
i. The World Trade Organization
finalised a list of 201 inform ation
technology products to be freed from
import tariffs in a $1.3 trillion deal on
Friday, but said it was still short of the
critical mass of countries needed to put it
into force. i. Ajay Mathur, the newly designated ii. 86-year-old Higgs received the
director general of TERI, is not as visible Copley Medal for his fundamental
as R K Pachauri but no less illustrious. The contribution to particle physics with his
current head of the Bureau of Energy theory explaining the origin of mass in
Efficiency, a government body under the elementary particles, confirmed by the
Ministry of Power, is a technocrat who has experiments at the Large Hadron
been active on the climate change circuit Collider.
for several years now. iii. The Copley medal was first aw arded
ii. A chemical engineer from Roorkee, by the Royal Society in 1731, 170 years
ii. Valued at $1.3 trillion in annual trade, Mathur is the man behind the energy before the first Nobel Prize.
the products include new generation semi- efficiency programme of the government. iv. It is awarded for outstanding
conductors, GPS navigation, medical iii. Incidentally, he had started his career achievements in scientific research and
equipment, as well as machine tools fo r at TERI in 1986 and was last associated has most recently been awarded to
manufacturing printed circuits, with it in 1999. eminent scientists such as theoretical
telecommunications satellites and touch physicist Stephen Hawking, DNA
screens, Xinhua news agency reported. 3. Peter Higgs receives Copley Medal, fingerprinting pioneer Alec Jeffreys and
iii. Eliminating tariffs on trade of this worlds oldest scientific prize. Andre Geim, for his discovery of
magnitude will have a huge impact. It will i. Nobel prize winner Peter Higgs has graphene.
support lower price s, including in many joined the ranks of Charles Darwin and v. In 1964, Higgs propo sed a theory
other sectors that use IT products as Albert Einstein by winning the worlds about the existence of a particle that
inputs, it will create jobs and it will help oldest scientific prize, the Royal Societys explains why these other particles have a
to boost GDP growth around the world," Copley Medal, for his pioneering work on mass.
Azevedo said. the theory of the Higgs boson, which was
discovered in 2012. 4. PM launches new scheme for power
2. Ajay Mathur appointed as Director - reforms in rural areas .
General of TERI. i. Prime Minister Narendra Modi today
launched the Deen Dayal Upadhyaya
Gram Jyoti Yojana for power secto r Kerala. Presently, he teaches economics in iii. This acquisition will help the Indian
reforms in rural areas with a view to various academic institutes in India as company to expand and deepen its
ensuring round the clock electricity supply well as abroad. presence in US and enter into niche
to farmers and rural households. iii. George Baker: He hails from West generics areas such as de rmatology and
Bengal and is actor by profession. Since controlled substance s along with o ther
1970s, he has acted in several Assamese high-value areas.
and Bengali movies.
iv. His notable film was Chameli 7. Indian-American Amitoj Chhabra
Memsaab which had won national film wins junior title at US Powerlifting
award in 1975. Championships .
v. Presently, he is member of Bhartiya i. 20 year old Indian-American Amitoj
Janta Party (BJP). He had unsuccessfully Chhabra has won the Junior Title at the
contested for 2014 Lok Sabha election on US Powerlifting Association National
ii. The new power scheme focuses on
feeder separation (rural households and BJP ticket from Howrah in West Bengal Championships 2015.
afte r he had joined BJP in 2014. ii. He won this title after he lifted a total
agricultural) and strengthening of sub-
transmission and distribution of 1,383 pounds in the junior title
6. Lupin acquires US pharmaceutical Championship which was held at the
infrastructure, including metering at all
levels in rural areas. firm Gavis. Golden Nugget Casino in Las Vegas.
iii. He is son of a Punjabi father and a
iii. The scheme is one of the flagship
programmes of the Power Ministry and Nepali mother. He had started
powerlifting in 2013 and began
will facilitate 24x7 supply of electricity.
iv. The scheme has an outlay of Rs. competing at various championships in
May 2014. Presently, he is undergoing
76,000 crore for implementation of the
projects under which the Centre shall Adam Lauritzen of Silverback Strength
and Conditioning in Reno.
provide grant of Rs. 63,000 crore.
i. Indian pharmaceutical major Lupin has
5. President nominates 2 members of acquired US based Gavis
Anglo-Indian Community to Lok Sabha. Pharmaceuticals in cash-free and de bt-
i. President Pranab Mukherjee has free transaction fo r 880 million dollars
appointed 2 members of Anglo-Indian (around 5,606 crore rupees).
Community to Lok Sabha as per the ii. In this regard, Lupin has entered into
provisions of Article 331 of Indian definite agreement with Gavis
Constitution. Pharmaceuticals LLC and its subsidiary
ii. Professor Richard Hay: He hails from Novel Laboratories Inc.

Daily GK Update: 26-27th July 2015

1. PM launches new scheme for power v. The scheme has an outlay of Rs. 2012 and then Froome, a cooler, calmer,
reforms in rural areas. 76,000 crore for implementation of the more understated but no less de termined
i. Prime Minister Narendra Modi today projects under which the Centre shall character than his Sky teammate with
launched the Deen Dayal Upadhyaya provide grant of Rs. 63,000 crore. A famous sideburns.
Gram Jyoti Yojana for power secto r total of Rs. 14,680 crore worth projects iv. Froome rode into Paris in style- Riders
reforms in rural areas with a view to have already been approved out o f pedaled up to him to offer
ensuring round the clock electricity supply which projects amounting to Rs. 5,827 congratulations; he sipped from a flute of
to farmers and rural households. crore have been approved for Bihar champagne; a Tour organizer stuck an
ii. The new power scheme focuses on state. arm from his car window to shake
feeder separation (rural households and Froomes hand. He dedicated his victory
agricultural) and strengthening of sub- 2. Chris topher Froome rides to victory to his late mother, Jane, who died in
transmission and distribution in 100th Tour de France. 2008.
infrastructure, including metering at all i. Chris Froome became the first Briton to
levels in rural areas. win the Tour de France twice when he 3. Vettel wins classic Hungarian GP,
safely reached the finish line in Paris at Lewis Hamilton sixth.
the end of the three-week race.

iii. The scheme is one of the flagship

programmes of the Power Ministry and
will facilitate 24x7 supply of electricity. ii. Exceptionally, the 100th Tour treated
i. German driver Sebastian Vettel
iv. The earlier scheme for rural itself to a nighttime finish on the
delivered an emotional high-speed
electrification, Rajiv Gandhi Grameen ChampsElysees. The famous avenue
tribute to his late colleague Jules Bianchi
Vidyutikaran Yojana (RGGVY), which and the Arc de Triomphe at the top of it
on Sunday when he stormed to victory for
was launched by previous UPA were bathed in yellow light emphasizing
Ferrari in a dramatic and incident-filled
government, has been subsumed in the the canary yellow of Froomes famous
Hungarian Grand Prix.
new scheme as its rural electrification jersey.
ii. The four-time world cham pion claimed
component. iii. In two years, Britain has now had two
his second victory of the season and 41st
different winners- Bradley Wiggins in
of his career -- drawing him level with the
late Brazilian legend Ayrton Senna in urban and rural branch network to criteria and would be developed through
equal third on the all-time list -- afte r deliver agriculture credit, the city - the joint funding from Centre and State
leading from the start to dominate a headquartered lender said in a Government.
thrilling and unpredictable contest. statement. iv. To meet the increasing demand fo r
iii. The Red Bull pair of Russian Daniil iii. Axis Bank treasury and transaction power Maharashtra government has
Kvyat and Australian Daniel Ricciardo banking head Sidharth Rath said "this targeted to add 14,400 MW through
finished in second and third respectively.. commitment from ADB will strengthen our renewable energy source. Out of this
rural lending and microfinance initiatives, target nearly 7,500 MW will be added
4. Nation commemorates valour of which we regard as an integral through solar energy projects, over 5,000
Indian soldiers in Kargil War. component of its overall strategy." MW will be added through wind and rest
i. The sixteenth anniversary of the Indian from other sources like industrial and
victory in the 1999 Kargil war was 6. ONGC to inves t $8.8 billion in KG oil domestic waste.
celebrated across the country on 26th and gas discoveries.
July. i. State-owned Oil and Natural Gas Corp 8. CSC and HCL forms joint venture to
(ONGC) plans to invest over USD 8.8 provide technology services, solutions
billion in bringing to production its much - to banks.
touted KG-basin oil and gas discoveries i. Computer Science Corporation (CSC)
by 2018-19. and Hindustan Computer Limited (HCL) to
big IT companies have signed an
agreement to form a new company to
provide technology services and solutions
to the banking industry.
ii. In the joint statement the partners said
that their main focus will be on platform
modernisation, product functionality
ii. Functions are being held in all army enhancement and to capitalise their
cantonments and by citizen groups across capabilities in addressing global core
the country. The primary function, banking softw are market.
however, is being held in Dras under the ii. ONGC has divided 12 oil and gas iii. According to the agreement CSC that
aegis of 8 Division that bore the finds in the block KG-DWN-98/2 or KG- serves in 15 countries with 100 premier
maximum brunt of the war. D5 and gas discovery in an adjacent G-4 banking and financial services clients, will
block the Bay of Bengal into three clusters provide its core banking expertise fo r
iii. July 26, 1999, was a fateful day to quickly bring them to production, a software and product development.
when the Indian Army put paid to yet senior company official said. iv. Whereas, HCL will provide funds, its
another audacious misadventure by iii. The 7,294.6 sq km deepsea KG-D5 banking sales and client engagement
Pakistan in the unforgiving heights of the block has been broadly categorised into expertise and also its experience in
Kargil and the Batalik sectors. Northern Discovery Area (NDA - 3,800.6 product engineering and application
iii. July 26, 1999, was a fateful day sq km) and Southern Discovery Area (SDA implementation services in o rder to
when the Indian Army put paid to yet - 3,494 sq km). modernise the banking industries.
another audacious misadventure by iv. ONGC plans to develop the
Pakistan in the unforgiving heights of the discoveries in the block in three clusters -- 9. BEL bags Dun Bradstreets Indias Top
Kargil and the Batalik sectors. 14.5 million standard cubic meters pe r PSUs Awards 2015.
iv. The Kargil war, that witnessed fighting day of gas for 15 years from Cluster-1 i. The Defence PSU Bharat Electronics Ltd
in heights up to 18,000 feet with comprising of D&E finds of NDA in KG - (BEL) became the front runner in the Dun
extremely low temperatures, culminated D5 block and G-4 find in the a & Bradstreets Indias Top PSUs Awards
with the comple te routing of the enemy neighbouring area. 2015 in the category of electrical and
and physical re-possession of the ground electronic equipment sector.
that had been occupied by steal th and 7. Maharashtra govt to develop six ii. The award was received by Chairman
deceit. solar cities targeting solar capacity of and Managing Director of BEL Mr. S K
7,500 MW. Sharma along with Anandi Ramalingam
5. Axis Bank signs $200-mn loan i. Maharashtra government has placed a the General Manage r-National
agreement with ADB. comprehensive plan to develop six solar Marketing fo r BEL.
i. Axis Bank today signed a USD 200- cities in orde r to add solar capacity of iii. This award sponsored by The Dun &
million, seven-year bilateral loan 7,500 MW in the state. Bradstreet an US public company to
agreement with the Asian Development acknowledge the critical role played by
Bank. the PSUs in the development of the Indian
iv. BEL was declared winner in electrical
and electronic equipment category fo r
providing electrical equipment and
electronic services to the Indian Defence
Services. It has provided night vision,
ii. To enhance solar capacity in country critical communication systems, and
Centre has planned to develop 55 solar electronic warfare and radar systems to
cities acro ss the country among them six the Indian Defence services for last 60
are from Maharashtra these are years.
ii. The loan will help bolster Bank's effo rts Nagpur, Thane, Aurangabad, Kalyan -
to improve farm efficiency by extending Dombivli, Shirdi and Nanded. 10. Anand Krishnamurthy appointed
customised and affordable agriculture iii. The selection of these cities was done CEO and MD of CSB bank.
credit, that will help leverage its semi- on basis of the population and other
i. Anand Krishnamurthy is now the new Tournament (also known as Cup of the i. Jewellery company Rajesh Exports Ltd
MD and CEO of Catholic Syrian Bank President of Republic of Kazakhstan). on Monday said that it has bought
(CSB) replacing Rakesh Bhatia who had Valcambi, the worlds largest gold
quit due to personal reason. refining company, in an all-cash deal
ii. This appointment was done by the worth $400 million ( Rs 2560 crore).
board of directors of CSB among the
three named sent to RBI.
iii. Mr. Anand has previously worked with
HSBC for 22 years and also headed the
Wholesale Banking and Treasury of CSB
for last one year. He was responsible fo r ii. The eight-member team bagged a
corporate banking, integrated treasury silver medal at the July 23-26 event held
operations of the Bank and SME business in Kazakhstans capital Astana. Team
for CSB. members who won the match are Vinesh
iv. The Catholic Syrian Bank is 94 year (48kg), Lalita Sehrawat (55kg) and Anita ii. The company was selected after a
old private sector bank founded on 26th (63kg) in their respective weight global search by Valcambis existing
November 1920. It has its strong base in categories. Sakshi Malik lost just one fight owners led by Newmont Mining Corp, the
Kerala along with significant presence in in 58kg division which resulted with silver worlds largest gold jewellery maker
Karnataka, Tamil Nadu and medal for Indian team. said.
Maharashtra. Recently it has filed for an iii. For this victory, Indian team received a
IPO for 400 crore rupees. prize money of US 10,000 dollars along iii. The deal will help it secure raw
with a trophy and medals. Ho st country material supplies and will add to
11. Indian women wrestling team wins Kazakhstan won the gold medal, while earnings per share, the company said.
silver medal in the Kazakhstan Mangolia won the bronze medal. iv. India is the worlds biggest consumer
Presidential Cup. of gold, with annual demand hovering
i. Indian womens wrestling team has won 12. Rajesh Exports buys world's larges t around 900 tonnes per year.
the silver medal after finishing second in gold refining company Valcambi for Rs
the fifth Senior International Wrestling 2,560 cr.

Daily GK Update: 28th July 2015

1. Former President A.P.J. Abdul Kalam systems and the Pokhran-II nuclear tests in economically lagging regions, said Tarun
passes away. collaboration with Department of Atomic Bajaj, Joint Secretary in the Ministry.
i. Former President A.P.J. Abdul Kalam, Energy.
widely acclaimed as the peoples vi. One of his pet themes was PURA or 3. Centre approves Rs 1,000 cr for
President, passed away after collapsing the Provision of Urban Amenities in Rural India-Bangladesh rail link.
during a lecture at the Indian Institute of Areas a theme he referred to often in i. The Indian government has sanctioned
Management in Shillong. his travels abroad. around Rs.1,000 crore for a 15-km India-
Bangladesh railway project, an official
2. ADB to give $ 300 m loan to India. said on Sunday.
i. The Asian Development Bank (ADB) will ii. The union government on Saturday
extend a loan of $ 300 million to India communicated to Tripura that it had
for improving road connectivity and sanctioned Rs.580 crore to lay the rail
increasing the domestic and regional tracks and acquire required land in
trade along the North BengalNorth Tripura, Transport Secretary Samarjit
Eastern Region (NER). Bhowmik said.
iii. Bhowmik told IANS: "The alignment
and other technicalities of laying the
ii. Mr. Kalam (83), who was President
15.06 km track to link Agartala with
between 2002 and 2007, took the lead
Bangladesh's Akhaura railway station has
in the conduct of Indias nuclear te sts in
been changed by top engineers and
May 1998 and was later fielded as the
railway officials."
National Democratic Alliance candidate
iv. The 1,650-km distance between
by then Prime Minister A.B. Vajpayee.
Agartala and Kolkata would be reduced
iii. Mr. Kalam, the countrys 11th
to 515 km once the rail track is
President, was one of Indias most eminent ii. The loan is the first tranche under $ constructed through Bangladesh.
scientists, and had the unique honour of 500 million multi tranche South Asian
receiving honorary doctorate s from 30 Subregional Economic Cooperation 4. Physicis t P. Hariharan passes away.
universities and institutions. (SASEC) Road Connectivity Investment i. Eminent physicist P. Hariharan died on
Programme. Under this programme, Sunday in Berkeley, California. He was
iv. He has been awarded the coveted about 500 km of roads will be 89.
civilian awards - Padm a Bhushan (1981) constructed. ii. Dr. Hariharan was the son o f Prof. H.
and Padm a Vibhushan (1990) and the iii. The project will improve road Parameswaran (H. P. W aran) of
highest civilian award Bharat Ratna connectivity and efficiency of the Presidency College and the son-in-law of
(1997). He is a recipient of several o ther international trade corridors by Alladi Krishnaswamy Iyer. He was born
awards and Fellow of many professional expanding roads in NER of the country. on December 24, 1926.
institutions. iv. The investment on the last mile
v. As scientific adviso r to the Defence connectivity will contribute to achieve the
Minister from July 1992 to December objective of regionally balanced and
1999, the former President led the inclusive growth of remote and
weaponisation of strategic missile
i. Information Technology Secretary Ram i. Andres Guardado became the first
Sevak Sharma on Monday was player to score in three Gold Cup finals
appointed chairm an of the Telecom and Mexico defeated Jamaica 3-1 on
Regulatory Authority of India (Trai). Sunday, stre tching their record trophy
ii. Sharma was set to retire in September total to seven.
as secretary of department of electronics
and information technology. A 1978 - ii. Andres Guardado was the star of the
batch IAS officer of the Jharkhand cadre, match once again as he scored the
he was a probable choice because of his opener for Mexico.
familiarity with the telecom and IT sector. iii. But the "Reggae Boyz" could not stop
iii. He worked at the National Physical the Mexicans from capturing their third
Laboratory (NPL), New Delhi from 1949 title in the past four attempts at the
to 1951 and then at the National biennial North American regional football
Research Council, Ottawa from 19 51- tournament.
1954. On returning to NPL, Dr. Hariharan
received a PhD for his work on 7. Renault India Ropes in Ranbir
photographic resolving power. Kapoor as Brand Ambassador.
Subsequently, he held key posts at i. Automobile manufacturer Renault India
iii. Sharma holds a Masters degree in on Monday announced that it has roped
several scientific institutes and mathematics from Indian Institute of
organisations and was also an honorary in actor Ranbir Kapoor as its brand
Technology, Kanpur, and a Masters in ambassador.
visiting professor at the University o f computer science from the University of
Sydney. California, USA, according to his profile
on the department of electronics and IT
iv. Dr. Hariharan's research contributions website.
include the design of a new three-beam iv. Among the other candidates short-
interferometer, the double-passed Fabry - listed for Trai chairman were Power
Perot interferometer, and the first Secretary P K Sinha, Information and
practical radial -shear interferometer. He Broadcasting Secre tary Bimal Julka,
was also the first to apply digital phase - Commerce Secretary Rajeev Kher, former ii. Renault is celebrating its fourth year
shifting techniques to holographic telecom secretary M F Farooqui, and anniversary in India this July and is
interferometry for measurements o f former Reserve Bank of India deputy progressing towards a new and dynamic
vector displacements and strains. Dr. governor Subir Gokarn. phase of growth. This association will
Hariharan has published more than 200 leverage the versatility and legacy of
papers and has authored four books. Dr. 6. Mexico Defeat Jamaica 3-1 in Gold both Renault and Ranbir, as he represents
Hariharan was a recipient of several Cup Final. the underlying brand promise of Renault -
awards, including the Joseph Fraunhofer - 'Passion For Life'.
Medal of the Optical Society of America, iii. Sumit Sawhney, country CEO and
the Thomas Young Medal of the Institute managing director, Renault India
of Physics, London and the Walter Boas Operations, said Ranbir is the perfect
Medal of the Australian Institute o f match because he "ideally portrays.

5. IT Secretary R S Sharma appointed as

TRAI chairman.

Daily GK Update: 29th July 2015

1. Sanjeev Chaturvedi, Anshu Gupta his enterprising leadership in treating
win Ramon Magsaysay Award. iii. According to the foundation, Mr. cloth as a sustainable development
i. Whistleblower bureaucrat Sanjeev Chaturvedi has been awarded for his resource for the poor, and in reminding
Chaturvedi and human rights activist exemplary integrity, courage and the world that true giving always respects
Anshu Gupta are among five persons tenacity in uncompromisingly exposing and preserves human dignity.
from India, Laos, Myanmar, and the and painstakingly investigating corruption
Philippines who will receive Asias in public office, and his resolute crafting v. Goonj is a non-governmental
coveted Ramon Magsaysay Award. of program and system improvements to organisation based in Delhi, which works
ensure that government honorably serves in 21 states across India in disaster relief,
the people of India. humanitarian aid and community
development. It has converted 1,000
tonnes of used clothes, household goods
and other urban discards into usable
resources for the poor.
vi. The other awardees are Kommaly
Chanthavong, from Laos who is being
recognised for her efforts to develop the
ii. The 2002-batch Indian Forest Service ancient Laotian art of silk weaving,
officer, who is currently embattled in a Ligaya Fernando-Amilbangsa from the
protracted battle with the Centre over iv. Anshu Gupta, the founder of NGO Philippines for her single -minded
alleged harassment for his tough stance Goonj, the statement said, is being crusade in preserving the endangered
on graft, was the former Chief Vigilance recognised for his creative vision in artistic heritage of southern Philippines".
Officer (CVO) at the AIIMS in New Delhi. transforming the culture of giving in India,
influence real change in disease
2. Dr. Suniti Solomon, Pioneering Indian prevention, testing and treatment. 6. Former South African cricketer Clive
HIV/AIDS Res earcher, Dies at 76. Rice passes away.
i. Indias foremost HIV/AIDS researcher
Dr. Suniti Solomon, who documented the
nations first HIV case before se tting up
the first voluntary testing and counseling
center for the disease, died Tuesday at
her home in the southern city of Chennai.

ii. The theme highlights the fact that

infection through transmission can be
prevented through proven and effective
interventions. It is important for everyone
to be aware of hepatitis and to learn i. Former South African all-rounder
how they can protect themselves from cricketer Clive Rice passed away in
being infected. Johannerburg, South Africa. He was 66
ii. Indias foremost HIV/AIDS researcher iii. The observance of the day in 2015 and was suffering from brain tumour.
Dr. Suniti Solomon, who documented the focuses particularly on Hepatitis B and C.
nations first HIV case before se tting up These two combined cause ii. He was one of the best all-rounders o f
the first voluntary testing and counseling approximately 80 percent of all liver his era alongside Kapil Dev, Imran Khan,
center for the disease, died Tuesday at cancer deaths and kill close to 1.4 million Ian Botham and his county team-mate
her home in the southern city of Chennai. people every year. Richard Hadlee.
iii. In 1986, her discovery of the infection iv. In 2015, WHOs flagship event to
in six blood samples collected from mark the day will take place in Egypt, iii. Rice had started his cricket career in
female sex workers in southern India which has one of the worlds highest 1969 with Transvaal (first-class cricke t
generated headlines internationally. hepatitis burdens. It is estimated that 10 team). He had played most of his cricke t
iv. Trained in the U.K., the U.S. and percent of the Egypts population during South Africas 2 decade long
Australia, Solomon won a string of isolation from the international games. He
between 15 and 5 9 years is chronically
awards for her HIV/AIDS work. mostly had played for Nottingham shire
infected with hepatitis C. County Cricket Club from 1975 to 1987
3. Gujarat makes voting compulsory in and was captain of the club from 1979
5. World Tiger Day infographic: India to 1987.
local body polls.
home to 70% of world's tigers .
i. Gujarat became the first state to have
i. World Tiger Day is an annual 7. GM to invest $1 bn in India; to
a provision for compulsory voting with the
celebration to raise awareness fo r tige r
state government on Monday putting out launch 10 Made-in-India vehicles over
conservation, held every year on 29 July. 5 years.
a notification in this regard.
It is a day to promote a global system
for protecting the natural habitats o f
tigers and to raise public awareness and
support for tiger conservation issues.

ii. Besides making vo ting mandatory in i. General Motors, as part of Chevrolet's

the local body polls, the communiqu, global growth strategy, on Wednesday
dated July 17, announced the reservation said it will invest Rs. 6,400 crore ($1
of 50 per cent seats for women in ii. The tiger population in the country is billion) in India to strengthen its marke t
municipal corporations, municipalities, and estimated to be around 2,226, which here over the next five years.
village panchayats. represents a rise of over 30 percent since
the last count in 2010, according to the ii. The India investment is part of the
iii. With the government notifying the latest census report released in January. announcement made yesterday by the
Gujarat Local Authorities Act(Amendment) company to make investment of $5 billion
2009, a voter in the state would now iii. The total number of tigers was to strengthen its business in global growth
invite punitive action in case he or she estimated to be around 1,706 in 2010, markets.
fails to vote in the local body elections afte r dipping to an alarming 1,411 in iii. Through such investments, the company
without any acceptable reason. 2006, but it has improved since then, will develop all-new vehicle family that
reported PTI. will meet rapidly changing demands of
4. World Hepatitis Day observed with iv. India is now home to more than 70 customers in Brazil, China, Mexico and
theme Prevent hepatitis. Act now'. percent of the world's tiger population. India, Mary Barra, Chief Executive
i. World Hepatitis Day was observed Releasing the countrywide tige r Officer, GM, told reporters here.
across the world on 28 July 2015 with assessment report for 2014, Environment
the theme Prevent hepatitis. Act now. The Minister Prakash Javadekar termed it as
day acts as a significant global platform a "success story" and noted that while the
for raising awareness about hepatitis and tiger population is falling in the world, it
is rising in India.
Daily GK Update: 30th July 2015
1. Kalam buried with full state honours. services to customers in the remotest
regions of India.

ii. The worlds largest household products

maker P&G has appointed new CEO in
i. The mortal remains of former President wake of sluggish sale s in developed
APJ Abdul Kalam, who passed away on countries. And recently has also ii. The Android-based app is specifically
Monday, was laid to rest with full state announced to sell off its 40 brands to the designed to provide banking service to
honours, including a 21-gun salute at his customers in the under-banked and un -
perfume maker Coty Inc for USD 12.5
native island town, Rameswaram, in Tamil iii. David Taylor is with the P&G for last banked regions with provision to use
Nadu on Thursday afternoon. service in their preferred language.
35 years, who had joined in 1980. He
ii. Prime Minister Narendra Modi, Tamil has been the group president for global iii. Initially the service will be provided in
Nadu Governor K. Rosaiah, Chief Hindi and English language and would
health & grooming business since 2013
Ministers of neighbouring States, Union and has served the company as in also be available in Marathi, Gujarati,
Ministers, and State Ministers were Tamil and Kannada in few months.
managerial role across the globe.
among thousands who took part in the iv. Customers can manage their
funeral. savings/current accounts and credit cards
4. Kalyani Group partners with Israels
iii. After a guard of honour given by the Rafael to make Spike Missile. through this app. Initially will be launch in
tri-forces, the Prime Minister laid a prominent Hindi belt centre starting from
i. Indias Kalyani Group and Israels
wreath and paid his last respects to the Rafael have partnered to produce Spike Lucknow and will spread its service in
11th President of the country. He was other state in few months.
Anti-Tank Guided Missiles (ATGM) in
followed by Mr. Rosaiah, Union Ministers India. v. The app is compatible on SMS banking
Venkaiah Naidu, Manohar Parikkar and keyword process platform where
MoS Pon. Radhakrishnan. customers could download the app on
their registered mobile number without
2. Anuradha Roys 'Sleeping on Jupiter' any separate registration process.
shortlis ted for Man Booker Prize.
i. Indian writer Anuradha Roy's latest 6. Gates Foundation worlds wealthies t
work on the malaise of sexual abuse in private charitable organisation.
India has been shortlisted for the Man i. The Bill & Melinda Gates Foundation
Booker Prize 2015. has toppe d the list of the worlds
wealthiest private foundations
ii. In this regard both the entities have established by living ultra high net worth
formed a manufacturing Joint Venture (UHNW) individuals, according to a
(JV) and this move is considered to Wealth-X report.
deepen India-Israel strate gic
iii. The manufacturing JV will be as pe r
the Foreign Direct Investment (FDI)
guidelines which means that the 51%
ii. Her book 'Sleeping on Jupiter' that tells ownership stake in JV will hold by the
the story of Nomi and is set in Jarmuli - a Kalyani Group.
city of temples and a centre of healing on iv. The FDI proposal in this regard was
the edge of the ocean has m ade it cleared by Defence Acquisition Council ii. With total assets of USD 43.4 billion,
among the 13 books selected for the (DAC) in October 2014 which was the Gates Foundation accounts for more
50,000 literary prize. chaired by then Defence Minister Arun than half of the combined asse ts of the
iii. Announced by a panel of five judge s Jaitley. The FDI deal was worth 3,200 10 charitable foundations on the list, the
who picked 13 books from over 150, the crore rupees and comprises order of 300 global wealth intelligence and
longlist also features Man Booker Prize- plus launchers and 8,000 plus Spike prospecting firm has said.
winning Irish author Anne Enright and the ATGM missiles. iii. Li Ka Shing Foundation, founded in
Pulitzer Prize-winning American author v. Spike Anti-Tank Guided Missiles 1980 by Hong Kong business magnate Li
Anne Tyler, among others. The shortlist of (ATGM): It is a 3rd generation, man - Ka-Shing, ranked second with USD 8.1
six books will be revealed on September portable, fire-and-forge t, anti-tank billion in assets followed by Gordon and
15 and the final winner on October 13. missile. Designed and developed by Betty Moore Foundation (USD 6.4 billion)
Israeli company Rafael Advanced and Bloomberg Philanthropies (USD 5.4
3. Procter & Gamble (P&G) appoints Defense Systems. billion) in the third and fourth place,
David Taylor as its new CEO. respectively.
i. Procter & Gamble (P&G) has 5. Kotak bank launches Kotak Bharat iv. Collectively, the 10 foundations have
appointed its company veteran David mobile banking app for un-banked total asse ts of USD 83.1 billion,
Taylor as the new CEO by replacing A G regions. equivalent to 29.7 per cent of combined
Lafley on 29 July 2015. i. Kotak Mahindra Bank (KMB) launched a net worth of the UHNW individuals who
mobile banking app Kotak Bharat established them.
aiming to provide mobile banking
7. Flipkart launches India Art House iii. With over 10,000 hand-made and ii. Shankar Nath, Senior Vice-President,
for handicraft lovers. traditional handicrafts products in the Paytm told Business Line that the
i. E-commerce major Flipkart on July 30 store, customers will now be able to sponsorship rights were acquired for all
launched India Art House, an exclusive browse and shop for skilled crafts from the 84 series India will play till 2019.
online store offering sellers a platform to specific regions of their choice. Paytm will pay Rs. 2.42 crore for every
promote regional products. international match hoste d by BCCI. The
8. Paytm bags BCCI sponsorship rights . first home series will be against South
i. Mobile marketplace and payments site Africa starting September.
Paytm has bagged the title sponsorship iii. The Alibaba-backed company, owned
rights of BCCI (Board of Control for by One97 communications and founded
Cricket in India) for Rs. 203 crore. by Vijay Shekhar Sharma, won the bid
against home-grown mobile handset
maker Micromax, which paid Rs. 2.02
ii. With over seven million artisans, India
crore per match.
is globally known for its unique artifacts
and traditional products. India Art House
aims at bringing products from artisans
under one roof and offer them access to
a wide set o f customers across
Daily GK Update: 31st July 2015
1. Centre to put Rs 20,000 crore more School of Business (ISB) with effect from utility of Kazakhstan having a m ajor
as capital infusion in public sector January 1, 2016. share in the Kazakh power sector.
banks this year.
i. The government has decided to infuse iii. BHEL will work with KUS in the energy
capital to the tune of Rs 20,000 crore in sector for design and construction of
public sector banks, Financial Services power plants. KUS is one of the largest
Secretary Hasmukh Adhia said. 50%, or utility companies in the Kazakh power
Rs 10,000 crore of this money will find its sector specifically work in power
way to "weak" banks. generation; transmission and sale of heat
and electricity. It is owned by the $ 9
billion assets Ordabassy Group.
iv. BHEL will work with Kaznex Invest for
ii. This was announced by Adi Godrej, co-operation in executing projects in
Chairman of the ISB Board, here on Kazakhstan. Kaznex Invest works unde r
Friday. Srivastava will succeed Ajit the Ministry of Investments and
Rangnekar, the outgoing Dean, who has Development of Kazakhstan, it is national
ii. This money is likely to strengthen held this position since January 2009.
balance sheets of banks reeling with high export and investment agency of
non-performing assets and bad loans. In Kazakhstan.
iii. This was announced by Adi Godrej,
his union budget for the fiscal presented Chairman of the ISB Board, here on
in February, Finance Minister Arun Jaitley 4. Indias 10 companies in Forbes As ia
Friday. Srivastava will succeed Ajit Fabulous 50 list.
had said that the government has Rangnekar, the outgoing Dean, who has
earmarked slightly under Rs 8000 crore i. Forbes Asia Fabulous 50 list released
held this position since January 2009. on the eve of its 10th Anniversary has
for capital infusion purposes for the iv. Prior to SMU, he held distinguished
current year. listed 10 Indian companies which stands
research chairs and senior management second after China in terms of number of
iii. The finance ministry is setting up a positions at the University of Texas at
rating system for public sector banks companies listed.
Austin and Emory University in Atlanta. He ii. This years list was also dominated by
where their performance will be has an MBA and PhD (Business
measured. Still in the planning stage, Chinese companies, over 25 Chinese
Administration) from the University of companies made to the list against 16
some of the criteria that are under Pittsburgh, an MS in Industrial Engineering
discussion for the rating are the number last year.
from the University of Rhode Island, and
of Jan Dhan accounts and financial a B.Tech (Mechanical Engineering) from
inclusion programmes that banks have the Indian Institute of Technology, Kanpur.
implemented, and the quantum of retail
advances undertaken by them against 3. BHEL signs three MoU in Kazakhstan
their corporate advances. for power projects.
iv. Under this method, a higher rated i. Bharat Heavy Electronics Limited (BHEL)
bank will enjoy equity support from the has signed three strategic agreements
government unlike the practice earlier with Kazakhstan companies in o rder to
when government used to support the deepen its roots in Central Asia.
weaker banks with equity erosion.

2. Rajendra Srivastava of Singapore iii. Chinas Tencent continued to be at the

Management Univ to be next dean of top on chart, which now worth $ 176.5
ISB. bn. South Korea has third highest number
i. Rajendra Srivastava, the Provost and of companies with four firms after China
Deputy President and Professor of and India, whereas Malaysia, Singapore,
Marketing at Singapore Management ii. BHEL will work with JSU on projects of and Philippines have two firm s each and
University, will be the next Dean of Indian mutual interest; JSU is the national power Japan, Indonesia have one firm each on
the list.
iv. Indian companies that made to the list expand its education business. Pearson nodes in first phase they are;
are: HDFC Bank, Tata Consultancy owned FT for nearly 60 years. Krishnapatnam (Andhra Pradesh), Tumkur(
Services, HCL Technologies, Aurobindo Karnataka) and Ponneri ( Tamil Nadu).
Pharma, Lupin, Sun Pharma Industries, 6. DIPP accepts ADB, JICA plans on
Motherson Sumi Systems, Tech Mahindra, industrial corridors.
Tata Moto rs and Titan. i. Department of Industrial Policy and 7. India to surpass Chinas population
v. Among the fifty companies HDFC Bank Promotion (DIPP) has given nod to Asian by 2022: UN Report.
was named as Asia Fab 50s brightest Development Banks (ADB) and Japan i. India is going to become the most
star as it has made to the list nine times International Cooperation Agency (JICA) populous nation in the world by
that is more than any other company in for their conceptual development plan surpassing China in 2022.
the list. (CDP) report on Vizag Chennai Industrial
vi. Forbes selects The Fab 50 companies Corridor (VCIC) and Chennai-Bengaluru
from the pool of 1,116 firms that have at Industrial Corridor (CBIC) respectively.
least $ 3 billion in annual revenue or
market cap.

5. Japans Nikkei buys Financial Times

in $1.3-bn deal.
ii. It was revealed in recently released
United Nations report titled World
Population Prospects: The 2015 Revision
indicating Indias population growth
within next seven years.
ii. On 22 April 2015, Andhra Pradesh iii. India will become most populous
government approved to take loan nation, six years earlier than it was
assistance from ADB for the development previously forecasted and will retain the
of proposed Visakhapatnam-Chennai top spot till year 2100.
i. The two leading financial news Industrial Corridor (VCIC) project. The iv. At present, China which is worlds
conceptual development plan report was populous country with approximately
operations from Europe and Asia are
now together, as Nikkei Japanese media in pipeline to receive nod from DIPP to 1.38 billion population while, India has
carry forw ard its on ground 1.31 billion.
group is going to buy the Financial Times
from Britains Pearson in a $1.3 billion. development. v. Indias population around and afte r
ii. Financial Times acquisition is a triumph 2022, is projected to grow for several
for Nikkei as this is the biggest acquisition iii. VCIC is envisaged from Kolkata to decades. It will be around to 1.5 billion in
Tuticorin (in Tamil Nadu) also known as 2030 and 1.7 billion in 2050.
ever by any Japanese media
organisation. East Coast Economic Corridor (ECEC).
ECEC in its first phase focuse s on the
iii. This acquisition has brought an
opportunity to Nikkei newspaper to Vizag-Chennai section which runs from
Vishakhapatnam (Vizag), Andhra Pradesh
expand its readers outside its home
market. to Chennai, Tamil Nadu.
iv. The recent report sanctioned by DIPP
iv. Pearson a 171-year-old international
media company sold FT as it wanted to includes development of three industrial
Digital India: Key Features
Prime Minister Narendra Modi inaugurated the Digital India Bharat Net programe as a high -speed digital highway to
week on Wednesday in the pre sence of senior ministerial connect all 250,000 gram panchayats of country -- the
colleagues and top industry honchos, a move that aims to give a world's largest rural broadband project using optical fibre.
digital push to governance and jobs. Right from his first day in BSNL's Next Generation Network to replace 30-year old
office, the Prime Minister has alw ays exhibited interest in a telephone exchanges to manage all types of services like
digitizing campaign for India, something which he feels would voice, data, multimedia and o ther types of communication
bridge the gap between government initiatives and its services.
beneficiaries. With increasing internet penetration in India, a BSNL's large scale deployment of Wi-Fi hotspots throughout
digital India campaign is the need of the hour. the country.
"Broadband Highway s' as one of the pillars of Digital India
to address the connectivity issue while enabling and
providing technologies to facilitate delivery of services to
Outsourcing Policy to create such centres in different
northeastern states and in smaller towns across the country.
Electronics Development Fund to promote innovation,
research and product development to create a resource
Digital locker system to minimize usage of physical pool within the country as also a self-sustaining eco-system
documents and enable their e-sharing via registered of venture funds.
repositories. National Centre for Flexible Electronics to promote as an an online platform to engage citizens in research and innovation in the emerging area of flexible
governance through a "Discuss, Do and Disseminate" electronics.
Centre of Excellence on Internet on Things (IoT) as a joint
Swachh Bharat Mission Mobile app to achieve the goals set initiative of the government agencies and private institutions
by this mission. such as Nasscom.
e-Sign framework to allow citizens to digitally sign Digital India promises to transform India into a connected
documents online using Aadhaar.
knowledge economy offering world-class services at the click of
e-Hospital system for important healthcare services such as a mouse and will be implemented in a phased manner.The
online registration, fee payment, fixing doctors' government feels that open access to "broadband highw ays"
appointments, online diagnostics and checking blood across cities, towns and village s would give a fillip to trade
availability online. across the country. "The other important benefit we see is surge
National Scholarship Portal for beneficiaries from in e-commerce. The intention is to bring down net electronics
submission of application to verification, sanction and imports to zero by 2020, from about $100 billion now, a move
disbursal. which will help the country control its current-account deficit. As
Digitize India Platform for large-scale digitization of things stand, net annual electronics imports could rise to $400
records in the country to facilitate efficient delivery of billion by 2020, outgrowing oil imports.
services to the citizens.
Narendra Modis Prime Ministerial Visits (Central Asian Countries)
Since we all are acquainted with the recent visits of our Hon'ble Prime Minister Shri N arendra Modi to the five Central
Asian states in July this year. This visit which is reminiscent of former Prime Minister Jaw aharlal Nehrus 1955 ground -breaking trip,
Prime Minister Narendra Modi visited Russia and five Central Asian states this year. Since several Banking Exams are in the stre ak,
hence from exam point of view this visit is very crucial, we can find at least 2 -3 questions from this topic. This Compilation of the
visit is prepared by one of our fervent readers Pradosh . We wish you luck for all your future endeavours.

1. Uzbekistan (6 July) Agreements Signed (7):

President Islam Karimov 1. Economic and Strate gic ties : Enhance strategic, economic and energy ties along with
PM Shavkat Mirjyoyev reviewing key regional issues including the situation in Afghanistan.
Capital Tashkent 2. Joint Working Group on Counter Terrorism : To intensify security cooperation and
Currency Uzbekistan Som exchanges for combating terrorism, promoting regional integration and advancing
stability in the region.
3. Defence and cyber security : Enhance cooperation in the fields of defence and cyber
4. Uranium supply contract: Implement the contract which was signed in 2014 for supply of
2,000 metric tonnes of the Uranium from mineral rich Uzbekistan to India.
5. Strengthening cooperation : In the areas of information technology, agriculture and
6. International North South Transport Corridor (INSTC): India asked Uzbekistan to be part
of INSTC similar to Ashgabat Agreement which is s a transit pact between Uzbekistan,
Iran, Turkmenistan and Oman established in 2011.
7. It should be noted that INSTC is a ship, road and rail route fo r moving freight be tween
India, Iran, Russia, Europe and Central Asia.

2. Kazakhstan (7th July): PM: Karim Massimov

President: Nursultan Nazarbayev Capital: Astana
Currency: Tenge Agreements Signed (5) :
1. Agreement on Defence and Military : Both nations will form join t working group (JWG)
on counter terrorism, defence training, exercise and production of defence equipment.
2. MoU on Cooperation on Physical Cultural and Sports : It was signed be tween Indias
Ministry of Youth Affairs and Sports and Kazakhstans Ministry of Culture and Sports.
3. MoU on Technical Cooperation in the field of Railways : It was signed between Indias
Ministry of Railways and Kazakhstan Temir Zholy.
4. Agreement on Transfer of Sentenced Persons : It will facilitate sw apping to prisoners
from both countries to serve their remaining sentence in home country.
5. Agreement on supply of Uranium to India : Kazakhstan the worlds largest producer of
uranium will supply a total of 5,000 tonnes of the natural uranium to India during the
# Apart from signing these agreements, India has also shown interest in :
1. Fertilizer sector in Kazakhstan due to abundance availability of Natural Gas.
2. Hydro carbon secto rs of Kazakhstan for drilling and production of crude oil

3. Turkmenistan (10-11 July) Agreements Signed (7) :

President: Gurbanguly 1. MoU on Supply of Chemical Products : It was signed be tween the Indias Rashtriya
Berdimuhamedow Chemicals and Fertilizers Limited and the Turkmenistans Turkmenhimiya.
PM: Akja Nurberdiyewa 2. MoU Foreign Service Institutes o f both nations: It w as signed between Foreign Service
Capital: Ashgabat Institute of the Ministry of External Affairs of India and Institute of International Relations
Currency: Turkmen New Manat of the Ministry of Foreign Affairs of Turkmenistan.
3. Agreement on Cooperation in the field of Sports: It was signed be tween Union Ministry
of Youth Affairs And Sports of India and State Committee for Sport of Turkmenistan.
4. Programme of Cooperation In Science And Technology: It was signed between both
governments for the period of two years viz. 2015-2017.
5. MoU on Cooperation in Yoga and Traditional Medicine: It w as signed be tween
respective entities of both governments.
6. MoU on Cooperation in the Field Of Tourism: It w as signed between respective entities
of both governments.
7. Agreement in the field of Defence: It w as signed between respective entities of both

4. Tajikistan (12 July): Agreements Signed (2) :

President: Emomalli Rahmon 1. Programme of Cooperation (POC) in the field of Culture : It was signed between
PM: Kokhir Rasulzoda Ministrie s of Culture of India and Tajikistan for the years 2016-18. It envisages
Capital: Dushanbe cooperation in the field of culture between both nations through exchange of expertise for
Currency: Somni protection, preservation and promotion of cultural heritage. It also seeks to exchange of
information and experts and organization of cultural days for greater cultural
understanding between the countries.
2. Exchange of Note Verbale (NV) on setting up of Compute r Labs : It conveys the
intention of India to set up computer labs in 37 schools in Tajikistan. With this initiative
Indias seeks to support Tajikistan in human resource and skill development efforts.

#Besides signing these pacts, bo th leaders Prime Minister N arendra Modi and his
counterpart Emomali Rahmon, President of Tajikistan agreed to promote the International
North South transport corridor (INSTC). Both nations also pledged to further deepen their
cooperation to fight the menace of radical terrorism and agreed to step up defence ties
besides boosting trade and investment

5. Kyrgyzstan (12 July): Agreements Signed (4) :

President: Almazbek Atambayev 1. Agreement on Defence Cooperation: It w as signed to deepen cooperation be tween
PM: Temir Sariyev both countries in matters relating to security, defence, military education and training.
Capital: Bishkek . It also covers provisions to conduct of joint military exercises, exchange of mi litary
Currency: Som instructors, exchange of experience and information and observers etc.
2. MoU and Cooperation in the field of Elections: It was signed to deepen cooperation in
matte rs relating to legislation on elections and referendums. It also covered rights of
elections process stakeholders, modern systems and technologies as well as other issues of
election administration.
3. MoU on cooperation in the sphere of Standards: Seeks to strengthen and enhance
technical cooperation in the fields of conformity assessment, standardization and sharing
of expertise on mutual trade.
It also aims at exchanging necessary inform ation and expertise in this regard be tween
the two parties. Signatory parties are Ministry of Economy of Kyrgyzstan and Bureau of
Indian Standards (BIS).
4. Agreement on Cooperation in Culture: To deepen cultural cooperation between both
countries in areas such as preservation of cultural heritage, theatre, youth festivals and
organisation of folk arts.
It also seeks to boost cooperation in literature, culture, sports and physical exchange of archival materials, geography, history
of publishing and translation of etc.

Bit coins
In the recent days, we are hearing a lot about a new type of Transactions - private keys - A transaction is a transfer o f value
currency, "Bitcoin". It is basically a "virtual currency", which is between Bitcoin wallets that gets included in the block chain.
making quite hype in market today. There are various myths Bitcoin wallets keep a secret piece of data called a private key
and speculations surrounding this currency. So, here we are or seed, which is used to sign transactions, providing a
presenting to you the brief about "Bitcoins". Hope you like the mathematical proof that they have come from the owner of the
post!!! wallet. The signature also prevents the transaction from being
altered by anybody once it has been issued. All transactions
What is Bitcoin? are broadcast between users and usually begin to be confirmed
Bitcoin is a distributed peer-to-peer digital currency that can be by the network in the following 10 minutes, through a process
transferred instantly and securely between any two people in called mining.
the world. It's like electronic cash that you can use to pay friends Processing - mining - Mining is a distributed consensus
or merchants. system that is used to confirm waiting transactions by including
them in the block chain. It enforces a chronological order in the
Who created bitcoins? block chain, protects the neutrality of the network, and allows
According to various newspaper article, a 64 -year-old different computers to agree on the state of the system. To be
Japanese-American physicist Satoshi Nakamoto is speculated as confirmed, transactions must be packed in a block that fits very
the creater of Bitcoin. strict cryptographic rules that will be verified by the network.
These rules prevent previous blocks from being modified
What are bitcoins? because doing so would invalidate all following blocks. Mining
Bitcoins are the unit of currency of the Bitcoin system. A also creates the equivalent of a competitive lottery that
commonly used shorthand for this is BTC to refer to a price or prevents any individual from easily adding new blocks
amount (e.g. 100 BTC). There are such things as physical consecutively in the block chain. This way, no individuals can
bitcoins, but ultimately, a bitcoin is just a number associated with control what is included in the block chain or replace parts of
a Bitcoin Address. A physical bitcoin is simply an o bject, such as the block chain to roll back their own spends.
a coin, with the number carefully embedded inside. See also an
easy intro to Bitcoin. How do we do business? Using bitcoins!
You offer to pay me for my services via bitcoins and I accept
How can I get bitcoins? the same. Why bitcoins? Because bitcoins are anonymous and
The entire bitcoins currency is generated by algorithms, it is very are not traceable by anyone. They are the perfect way for
easy to make sure that once the 21 million mark is reached people to do business with each other without revealing
there are no more bitcoins to be issued. Bitcoins, their issue and identities. They don't leave any digital footprints like credit card
their maximum circulation have been prede termine d from the records, bank transactions, etc.
beginning and therein lies its innate value. So let's say that we agree to a 'deal' and you agree
You can obtain Bitcoins by purchasing them from to send me bitcoins in advance to pay me for my job. I set the
someone else using regular currency or by earning them through price at 3 bitcoins for my work. The current rate is about Rs
a system called Bitcoin Mining. Bitcoins are stored in Bitcoin 38,000 per bitcoin. So, you are paying me about Rs 1.15 lakh
wallets which also manage addresses from which you can send for this covert operation.
and receive payments. New and different addre sses can be
generated for different transactions and can be done as many Why are bitcoins so valuable?
times as required. The absolute brilliance of bitcoins is that only 21 million bitcoins
will ever be made available in the market. (So far 13 million
How does it work? are in circulation and 8 million more will be gradually released
As a new user, you can get started with Bitcoin without into the system by the end of 2140). Given that the entire
understanding the technical details. Once you have installed a bitcoins currency is generated by algo rithms, it is very easy to
Bitcoin wallet on your computer or mobile phone, it will make sure that once the 21 million mark is reached there are no
generate your first Bitcoin address and you can create more more bitcoins to be issued.
whenever you need one. You can disclose your addresses to
your friends so that they can pay you or vice versa. In fact, this Does Bitcoin guarantee an influx of free money?
is pre tty similar to how email works, except that Bitcoin Since Bitcoin is a new technology, what it is and how it works
addresses should only be used once. may be initially unclear. Bitcoin is sometimes presente d as being
one of three things:
Balances - block chains - The block chain is a shared public A. Some sort of online 'get-rich-quick' scam.
ledger on which the entire Bitcoin network relies. All confirmed B. A loophole in the market economy, the installation of which
transactions are included in the block chain. This way, Bitcoin guarantees a steady influx of cash.
wallets can calculate their spendable balance and new C. A sure investment that will almost certainly yield a profit.
transactions can be verified to be spending bitcoins that are In fact, none of the above is true.
actually owned by the spender. The integrity and the
chronological order of the block chain are enforced with Is Bitcoin a 'get-rich-quick' s cheme?
cryptography. If you've spent much time on the Internet, you've probably seen
ads for many 'get-rich-quick' schemes. These ads usually promise
huge profits for sm all amounts of easy work. Bitcoin is in no way
similar to these schemes. Bitcoin doesn't promise windfall pro fits.
There is no way for the developers to make money from your
involvement or to take money from you. Bitcoin is an
experimental, virtual currency that may succeed or may fail.
As an investment, is Bitcoin a sure thing? In a Ponzi Scheme, the founders persuade investors that theyll
Bitcoin is a new and interesting electronic currency, the value of profit. Bitcoin does not make such a guarantee. There is no
which is not backed by any single government or organization. central entity, just individuals building an economy.
Like other currencies, it is worth something partly because A ponzi scheme is a zero sum game. Early adopters
people are willing to trade it for goods and services. Its can only profit at the expense of late adopters. Bitcoin has
exchange rate fluctuates continuously, and sometimes wildly. It possible win-win outcomes. Early adopters profit from the rise in
lacks wide acceptance and is vulnerable to manipulation by value. Late adopters, and indeed, society as a whole, benefit
parties with modest funding. Anyone who puts money into Bitcoin from the usefulness of a stable, fast, inexpensive, and widely
should understand the risk they are taking and consider it a accepted p2p currency.
high-risk currency.
Facts about Bitcoin
How are new bitcoins created? - Bitcoin is a real currency that fluctuates in price and which can
New bitcoins are generated by the network through the process be exchanged to conduct real business.
of "mining". In a process that is similar to a continuous raffle - The business of transacting bitcoins and earning bitcoins in
draw, mining nodes on the network are awarded bitcoins each return is really the nerve centre of this esoteric currency, and this
time they find the solution to a certain mathematical problem is what makes it unique.
(and thereby create a new block). Creating a block is a proof - Bitcoin is a work of not one but many geniuses. Satoshi
of work with a difficulty that varies with the overall strength of Nakamoto may have been the chief blueprint architect whose
the network. The reward fo r solving a block is automatically master design many other super clever architects used to build
adjusted so that, ideally, every four years o f operation of the on.
Bitcoin network, half the amount of bitcoins created in the prior - Bitcoins will get harder and harder to earn. Hence they will
4 years are created. only keep growing in value as the years roll by.
Blocks are mined every 10 minutes, on average and for the first - Bitcoin is vulnerable despite being proclaimed as a digital
four years (210,000 blocks) each block included 50 new currency with a permanent trace. But its theft only points to the
bitcoins. As the amount of processing power directed at mining fact that it is potentially very valuable.
changes, the difficulty of creating new bitcoins changes. - Bitcoin is here to stay. It may have its share of troubles, but its
acceptability is growing leaps and bounds.
Is Bitcoin a Ponzi scheme?

Important Five Year Plans in India

First Plan (1951-1956)

The first Indian P rime Minister, Pandit Jaw aharlal Nehru net domestic product went up by 15%. The monsoon was good
presented the First Five-Year Plan to the Parliament of India and there were relatively high crop yields, boosting exchange
and needed urgent attention. The First Five-year Plan was reserves and the per capita income, which increased by 8%.
launched in 1951 which mainly focused in development of the National income increased more than the per capita income due
primary sector. The First Five-Year Plan was based on the to rapid population growth. Many irrigation projects were
HarrodDomar model with few modifications. initiated during this pe riod, including the Bhakra Dam and
The total planned budget of Rs.2069 crore(2378 crore later) Hirakud Dam. The World Health Organization (WHO), with the
was allocated to seven broad areas: irrigation and energy Indian government, addressed children's health and reduced
(27.2%), agriculture and community development infant mortality, indirectly contributing to population growth.
(17.4%),transport and communications (24%), industry (8.4%), At the end of the plan pe riod in 1956, five Indian Institutes of
social services (16.64%), land rehabilitation (4.1%), and for Technology (IITs) were started as m ajor technical institutions. The
other sectors and services (2.5%). The most important feature of University Grants Commission (UGC) was set up to take care of
this phase was active role of state in all economic sectors. Such funding and take measures to strengthen the higher education in
a role was justified at that time because immediately after the country. Contracts were signed to start five steel plants,
independence, India was facing basic problems deficiency of which came into existence in the middle of the Second Five -Year
capital and low capacity to save. Plan. The plan was quasi succe ssful for the government.
The targe t growth rate was 2.1% annual gross domestic
product (GDP) grow th; the achieved growth rate was 3.6% the

Second Plan (1956-1961)

The Second Plan was particularly in the development of the Hydroelectric power projects and five steel plants at Bhilai,
public sector. The plan followed the Mahalanobis model, an Durgapur, and Rourkela were established. Coal production was
economic development model developed by the Indian increased. More railway lines were added in the north east.
statistician Prasanta Chandra Mahalanobis in 1953. The plan The Tata Institute of Fundamental Research was established as a
attempted to dete rmine the optimal allocation of investment research institute. In 1957 a talent search and scholarship
between productive sectors in order to maximise long-run program was begun to find talented young students to train for
economic growth. It used the prevalent state of art techniques of work in nuclear power.
operations research and optimization as well as the novel The total amount allocated under the Second Five-Year Plan in
applications of statistical models developed at theIndian India was Rs.48 billion. This amount was allocated among
Statistical Institute. The plan assumed a closed economy in which various sectors: power and irrigation, social service s,
the main trading activity would be centred on importing capital communications and transport, and miscellaneous.
goods. The target growth rate was 4.5% and the actual growth rate
was 4.27%. 1956-industrial policy.
Third Plan (19611966)
The Third Five-year Plan stre ssed agriculture and improvement State electricity boards and state secondary education boards
in the production of wheat, but the brief Sino-Indian War of were formed. States were made responsible for secondary and
1962 exposed weaknesses in the economy and shifted the focus higher education. State road transportation corporations were
towards the defence industry and the Indian Army. In 1965 formed and local road building became a state responsibility.
1966, India fought a War with Pakistan. There was also a The target growth rate was 5.6%, but the actual growth rate
severe drought in 1965. The war led to inflation and the was 2.4%.
priority was shifted to price stabilisation. The construction of Due to miserable failure of the Third Plan the government was
dams continued. Many cement and fertilizer plants were also forced to declare "plan holidays" (from 196667, 196768,
built. Punjab began producing an abundance of wheat. and 1968 69). Three annual plans were drawn during this
Many primary schools were started in rural areas. In an effort intervening period. During 1966-67 there was again the
to bring democracy to the grass-root level, Panchayat elections problem of drought. Equal priority was given to agriculture, its
were started and the states were given more development allied activities, and industrial sector. The main reasons for plan
responsibilities. holidays were the war, lack of resources, and increase in

Fourth Plan (19691974)

At this time Indira Gandhi was the Prime Minister. The Indira 1974, partially in response to the United States deployment of
Gandhi government nationalised 14 major Indian banks and the the Seventh Fleet in the Bay of Bengal. The fleet had been
Green Revolution in India advanced agriculture. In addition, the deployed to warn India against attacking West Pakistan and
situation in East Pakistan (now Bangladesh) was becoming dire extending the war.
as the Indo-Pakistan War of 1971 and Banglade sh Liberation The target growth rate was 5.6%, but the actual growth rate
War took funds earmarked for industrial development. India was 3.3%.
also performed the Smiling Buddha underground nuclear te st in

Fifth Plan (19741979)

The Fifth Five-Year Plan laid stress on employment, poverty The Indian national highway system was introduced and many
alleviation (Garibi Hatao), and justice. The plan also focused on roads were widened to accommodate the increasing traffic.
self-reliance in agricultural production and defence. In 1978 the Tourism also expanded. It was followed from 1974 to 1979.
newly elected Morarji Desai government rejected the plan. The The target growth rate was 4.4% and the actual growth rate
Electricity Supply Act was amended in 1975, which enabled the was 5.0%.
central government to enter into power generation and

Rolling Plan (19781980)

The Janata Party government rejected the Fifth Five-Year Plan the commencement and termination of the plan in the rolling
and introduced a new Sixth Five-Year Plan (1978-1980). This plans. The main advantage of the rolling plans is that they are
plan was again rejected by the Indian National Congress flexible and are able to overcome the rigidity of fixed five
government in 1980 and a new Sixth Plan was made.The year plans by mending targets,the object of the exercise,
Rolling Plan consists of three kind of plans that were proposed. projections and allocations as per the changing conditions in the
The First Plan is for the present year which comprises the annual countrys economy. The main disadvantage o f this plan is that if
budget and Second is a plan for a fixed number of years, the targets are revised each year, it becomes very difficult to
which may be 3, 4 or 5 years. Plan number two is kept achieve them which are laid down in the five-year period and it
changing as pe r the requirements of the Indian economy. The turned out to be a complex plan. Frequent revisions make them
Third Plan is a perspective plan which is for long term s i.e. for resulted in instability of the economy which are essential for its
10, 15 or 20 years. Hence there is no fixation of dates in for balanced development and progre ss.

Sixth Plan (19801985)

The Sixth Five-Year Plan marked the beginning of economic More prosperous areas of India adopted family planning more
liberalisation. Price controls were eliminated and ration shops rapidly than less prospe rous areas, which continued to have a
were closed. This led to an increase in food prices and an high birth rate.
increase in the cost of living. This was the end of Nehruvian The Sixth Five-Year Plan was a great success to the Indian
socialism. economy. The target growth rate was 5.2% and the actual
Family planning was also expanded in o rder to prevent growth rate was 5.4%. The only Five-Year Plan which was done
overpopulation. In contrast to China's strict and binding one - twice.
child policy, Indian policy did not rely on the threat of force.

Seventh Plan (19851990)

The Seventh Five-Year Plan m arked the comeback of As an outcome of the Sixth Five-Year Plan, there had been
the Congress Party to power. The plan laid stre ss on improving steady growth in agriculture, controls on the rate of inflation,
the productivity level of industries by upgrading of technology. and favourable balance of payments which had provided a
The main objectives of the Seventh Five-Year Plan were to strong base for the Seventh Five-Year Plan to build on the need
establish grow th in areas of increasing economic productivity, for further economic growth. The Seventh Plan had strived
production of food grains, and generating employment. towards socialism and energy production at large. The thrust
areas of the Seventh Five-Year Plan were: social justice,
removal of oppression of the weak, using modern technology, Trade Balance 210 billion (US$3.3 billion)
agricultural development, anti-poverty programmes, full supply Merchandise exports (estimates):
of food, clothing, and shelter, increasing productivity of small- 606.53 billion (US$9.6 billion)
and large-scale farmers, and making India an independent Merchandise imports (estimates):
economy. 954.37 billion (US$15.1 billion)
Based on a 15-year period of striving towards steady grow th, Projections for balance of payments : Export
the Seventh Plan was focused on achieving the prerequisites of 607 billion (US$9.6 billion),
self-sustaining growth by the year 2000. The plan expected the Imports 954 billion (US$15.1 billion),
labour force to grow by 39 million people and employment was
Trade Balance- 347 billion (US$5.5 billion)
expected to grow at the rate of 4% per year. Under the Seventh Five-Year Plan, India strove to bring about a
Some of the expected outcomes of the Seventh Five -Year Plan
self-sustained economy in the country with valuable contributions
India are given below: from voluntary agencies and the general populace.
Balance of payments (estimates):
The target growth rate was 5.0% and the actual growth rate
Export 330 billion (US$5.2 billion), was 6.01%.
Imports 540 billion (US$8.6 billion),

Annual Plans (1990-1992)

The Eighth Plan could not take off in 1990 due to the fast was finally launched in 1992 after the initiation of structural
changing political situation at the centre and the years 1990 -91 adjustment policies.
and 1991-92 were treated as Annual Plans. The Eighth Plan

Eighth Plan (19921997)

198991 was a period of economic instability in India and Trade Organization on 1 January 1995. This plan can be
hence no five-year plan was implemented. Between 1990 and termed as, the Rao and Manmohan model of economic
1992, there were only Annual Plans. In 1991, India faced a development. The major objectives included, controlling
crisis in foreign exchange (forex) reserves, left with reserves of population growth, poverty reduction, employment generation,
only about US$1 billion. Thus, under pressure, the country took strengthening the infrastructure, institutional building, tourism
the risk of reforming the socialist economy. P.V. Narasimha Rao management, human resource development, involvement of
was the tenth Prime Minister of the Republic of India and head Panchayati rajs, N agar Palikas, NGOs, decentralisation and
of Congress Party, and led one of the most important people's participation.
administrations in India's modern history, overseeing a major Energy was given priority with 26.6% of the outlay. An
economic transformation and several incidents affecting national average annual growth rate of 6.78% against the target
security. At that time Dr. Manmohan Singh (later Prime Minister 5.6%[6] was achieved.
of India) launched India's free market reforms that brought the To achieve the target of an average of 5.6% per annum,
nearly bankrupt nation back from the edge. It was the investment of 23.2% of the gross domestic product was
beginning of privatisation and liberalization in India. required. The incremental capital ratio is 4.1. The saving for
Modernization of industries was a major highlight of the Eighth investment was to come from domestic sources and foreign
Plan. Under this plan, the gradual opening of the Indian sources, with the rate of domestic saving at 21.6% of gross
economy was undertaken to correct the burgeoning deficit and domestic production and o f fo reign saving at 1.6% of gross
foreign debt. Meanwhile India became a member of the World domestic production.

Ninth Plan (1997-2002)

The Ninth Five-Year Plan came after 50 years of Indian Plan. In the total outlay, the share of the centre was
Independence. Atal Bihari Vajpayee was the Prime Minister of approximately 57% while it was 43% for the states and the
India during the Ninth Five-Year Plan. The Ninth Five-Year Plan union territories.
tried primarily to use the latent and unexplored economic The Ninth Five-Year Plan focused on the relationship between
potential of the country to promote economic and social grow th. the rapid economic growth and the quality of life for the
It offered strong support to the social spheres of the country in people of the country. The prime focus of this plan w as to
an effort to achieve the complete elimination of poverty. The increase grow th in the country with an emphasis on social justice
satisfactory implementation of the Eighth Five-Year Plan also and equity. The Ninth Five-Year Plan placed considerable
ensured the states' ability to proceed on the path of faster importance on combining growth oriented policies with the
development. The Ninth Five-Year Plan also saw joint efforts mission of achieving the desired objective of improving policies
from the public and the private sectors in ensuring economic which would work towards the improvement of the poor in the
development of the country. In addition, the Ninth Five -Year country. The Ninth Five-Year Plan also aimed at correcting the
Plan saw contributions towards development from the general historical inequalities which were still prevalent in the society.
public as well as governmental agencies in both the rural and Objectives
urban areas of the country. New implementation measures in the The main objective of the Ninth Five-Year Plan w as to co rrect
form of Special Action Plans (SAPs) were evolved during the historical inequalitie s and increase the economic growth in the
Ninth Five-Year Plan to fulfil targets within the stipulated time country. Other aspects which constituted the Ninth Five-Year
with adequate resources. The SAPs covered the areas of social Plan were:
infrastructure, agriculture, info rmation technology and Water Population control.
policy. Generating employment by giving priority to agriculture
Budget and rural development.
The Ninth Five-Year Plan had a total public sector plan outlay Reduction of poverty.
of 8,59,200 cro res. The Ninth Five-Year Plan also saw a
Ensuring proper availability of food and water for the
hike of 48% in te rms of plan expenditure and 33% in te rms of poor.
the plan outlay in comparison to that o f the Eighth Five-Year
Availability of primary health care facilities and other Involvement and participation of Panchayati Raj
basic necessities. institutions/bodies and N agar Palikas in the development
Primary education to all children in the country. process.
Empowering the socially disadvantaged classe s like Performance
Scheduled castes, Scheduled tribes and other backward The Ninth Five-Year Plan achieved a GDP growth rate of
classes. 5.4% against a target of 6.5%
Developing self-reliance in terms of agriculture. The agriculture industry grew at a rate of 2.1% against the
Acceleration in the growth rate of the economy with the target of 4.2%
help of stable prices. The industrial growth in the country was 4.5% which was
Strategies higher than that of the target of 3%
Structural transformations and developments in the Indian The service industry had a growth rate of 7.8%.
economy. An average annual growth rate of 6.7% was reached.
New initiatives and initiation of corrective steps to meet the The Ninth Five-Year Plan looks through the past
challenges in the economy of the country. weaknesses in orde r to frame the new measures for the overall
Efficient use of scarce resource s to ensure rapid growth. socio-economic development of the country. However, for a
Combination of public and private support to increase well-planned economy of any country, there should be a
employment. combined participation of the governmental agencies along with
the general population of that nation. A combined effort of
Enhancing high rates of export to achieve self-reliance. public, private, and all levels of government is essential for
Providing services like electricity, telecommunication, ensuring the growth of India's economy.
railways etc. The target growth was 7.1% and the actual growth was 6.8%.
Special plans to empower the socially disadvantaged
classes of the country.

Tenth Plan (20022007)

The main objectives of the Tenth Five-Year Plan were: Reduction in gender gaps in literacy and wage rates by at
Attain 8% GDP growth per year. least 50% by 2007.
Reduction of poverty rate by 5% by 2007. 20-point program was introduced.
Providing gainful and high-quality employment at least to Target growth: 8.1% - growth achieved: 7.7%
the addition to the labour force. Expenditure of 43,825 crores for tenth five years
(Out of total plan outlay Rs 921,291 crore (57.9%) was for central government and R s 691,009 crore (42.1%) was for state s and
union territories.)

Eleventh Plan (2007-2012)

Rapid and inclusive growth.(Poverty reduction) To increase the growth rate in agriculture,industry and
Emphasis on social sector and delivery of service therein. services to 4%,10% and 9% respectively.
Empowerment through education and skill development. Reduce Total Fertility Rate to 2.1
Reduction of gender inequality. Provide clean drinking water for all by 2009.
Environmental sustainability. increase agriculture growth to 4%.

Twelfth Plan (20122017)

The Twelfth Five-Year Plan of the Government of India has think given that the world economy deteriorated very sharply
decided for the growth rate at 8.2% but the National over the last year...the growth rate in the first year of the 12th
Development Council (NDC) on 27 Dec 2012 approved 8% Plan (2012-13) is 6.5 to 7 percent.
growth rate for 12th five-year plan. He also indicated that soon he would share his views with other
With the de teriorating global situation, the Deputy Chairman of members of the Commission to choose a final number (economic
the Planning Commission Mr Montek Singh Ahluwalia has said growth targe t) to put before the countrys NDC for its approval.
that achieving an average growth rate of 9 pe rcent in the next The government intends to reduce poverty by 10% during the
five years is not possible. The Final growth targe t has been set 12th Five-Year Plan. Mr Ahluwalia said, We aim to reduce
at 8% by the endorsement of plan at the National Development poverty estimates by 9% annually on a sustainable basis during
Council meeting held in New Delhi. the Plan period. Earlier, addressing a conference of State
"It is not possible to think of an average of 9% (in 12th P lan). I Planning Boards and Planning departments, he said the rate of
think somewhere between 8 and 8.5 percent is feasible, Mr decline in poverty doubled during the 11th Plan. The commission
Ahluwalia said on the sidelines of a conference of State had said, while using the Tendulkar poverty line, the rate of
Planning Boards and departments. The approached pape r for reduction in the five years between 200405 and 200910,
the 12th Plan, approved last year, talked about an annual was about 1.5%points each year, which was twice that when
average growth rate of 9%. compared to the period between 1993 -95 to 2004-05.
When I say feasible... that will require major effort. If you
dont do that, there is no God given right to grow at 8 percent. I
International Organizations - Headquarters and their Chiefs
Important (51)
Organization Name Headquarters Name of Chief
United Nations
John Ashe (Antigua and
UN General Assembly
UN Security Council Gary Quinla n (USA)
New York
Martin Sajdik
UN Economic and Social Council

UN Secretariat Ban Ki-moon (South Korea)

International Court of Justice Ther Hague (Netherlands) Peter Tomka (Slovakia)
Food and Agriculture Organization Rome (Italy) Jose Graziano da Silv a
International Labour Organization Geneva (Switzerland) Guy Ryder
International Maritime Organization London (UK) Koji Sekimizu
United Nations Children's Fund (UNICEF) New York (USA) Anthony Lake
United Nations Educational, Scientific and Cultural
Paris (France) Irina Bokova
Organization (UNESCO)
United Nations Environment Programme (UNEP) Nairobi (Kenya) Achim Steiner
World Health Organization Geneva (Switzerland) Margaret Chan
World Intellectual Property Organization Geneva (Switzerland) Francis Gurry
World Food Programme Rome (Italy) Ertharin Cousin
World Tourism Organization Madrid (Spain) Taleb Rifai
United Nations Development Programme New York (USA) Helen Clark
United Nations Capital Development Fund New York (USA) Marc Bichler
United Nations Industrial Development Organization Vienna (Austria) Li Yong
Julia Marton-Lefvre (Director
International Union for Conservation of Nature Gland, Switzerland General), Zhang Xinsheng
Arms Control
Organisation for the Prohibition of Chemical Weapons The Hague, Netherlands Ahmet Uzumcu
International Energy Agenc y Paris (France) Maria van der Hoeven
Masdar City (United Arab
International Renewable Energy Agenc y Adnan Amin
Nuclear Energy Agenc y Paris (France) William D. Magwood, IV
International Atomic Energy Agenc y Vienna (Austria) Yukiya Amano
Economic Institutions
Washington, D.C.( United
International Monetary Fund Christine Lagarde
Asian Development Bank Manila (Philippines) Takehiko Nakao
International Fund for Agricultural Development Rome (Italy) Kanayo F. Nwanze
African De velopment Bank Ivory Coast Donald Kaberuka
Bank for International Settlements Basel, Switzerland Jaime Caruana
Organisation for Economic Co-operation and
Paris (France) Jose Angel Gurria
Development (OECD)
President - Diezani Alison-
Organization of the Petroleum Exporting Countries (OPEC) Vienna (Austria) Madueke,Secretary General -
Abdalla h el-Badri
World Bank Group
International Bank for Reconstruction and De velopment Jim Yong Kim
International Development Association Washington, D.C. (United Jim Yong Kim
International Finance Corporation States) Jin-Yong Cai
Multilateral Investment Guarantee Agenc y Keiko Honda
International Centre for Settlement of Investment Disputes Meg Kinnear
World Customs Organization Brussels (Belgium) Kunio Mikuriya
World Trade Organization Geneva (Switzerland) Roberto Azev do
International Criminal Court The Hague (Netherlands) Song Sang-Hyun
European Commission Jean-Claude Juncker
European Parliament Martin Schulz
European Council Herman Van Rompuy
Council of Europe Strasbourg (France) Thorbjorn Jagla nd
European Organization for Nuclear Research (CERN) Meyrin (Switzerland) Rolf-Dieter Heuer
European Space Agenc y Paris (France) Jean-Jacques Dordain
Association of Southeast Asian Nations (ASEAN) Jakarta (Indonesia) Le Luong Minh
South Asian Association for Regional Cooperation (SAARC) Kathmandu (Nepal) Arjun Bahadur Thapa
North Atlantic Treaty Organization (NATO) Brussels (Belgium) Jens Stoltenberg
Asia-Pacific Economic Cooperation Singapore Alan Bollard
African Union Commission Nkosazana Dlamini-Zuma
African Union Mohamed Ould Abdel Aziz

Semi-Important (34)
Organization Name Headquarters Name of Chief
United Nations
United Nations Development Fund for Women New York (USA) Ins Alberdi
United Nations High Commissioner for Refugees Geneva ( Switzerland) Antnio Guterres
Joint United Nations Programme on HIV/AIDS Geneva ( Switzerland) Michel Sid ib
United Nations Population Fund New York (USA) Babatunde Osotimehin
United Nations Human Settlements Programme Nairobi (Kenya) Joan Clos
United Nations Volunteers Bonn (Germany) Richard Dictus
United Nations Entity for Gender Equality and the New York (USA) Phumzile Mla mbo-Ngcuka
Empowerment of Women
United Nations University Japan David M. Malone
World Wide Fund For Nature Gland, Switzerland Yolanda Kakabadse (President)
Marco Lambertini (Director
Intergovernmental Panel on Climate Change Rajendra K. Pachauri
Global Environment Facility Washington (USA) Naoko Ishii
International Organization for Migration Geneva, Switzerland William Lacy Swing
International Hydrographic Organization Monaco
Arms Control
Nuclear Suppliers Group Czech Republic (Current
Chair), Argentina will be next
chair in 2014-2015
Organization for Security and Co-operation in Europe Vienna (Austria) Lamberto Zannier
Comprehensive Nuclear-Test-Ban Treaty Organization Vienna, Austria
International Whaling Commission Impington (England)
International Seabed Authority Kingston (Jamaica)
Economic Institutions
International Bureau of Weights and Measures Sevres (France) M.J.T. Milton
African De velopment Bank Ivory Coast Donald Kaberuka
Bank for International Settlements Basel, Switzerland Jaime Caruana
Organisation for Economic Co-operation and Paris (France) Jose Angel Gurria
Development (OECD)
Organization of the Petroleum Exporting Countries (OPEC) Vienna (Austria) President - Diezani Alison-
Madueke,Secretary General -
Abdalla h el-Badri
Nordic Investment Bank Helsinki (Finland)
Islamic Development Bank and Orga nisation of Islamic Jeddah(Saudi Arabia) Ahmad Mohamed Ali Al-
Cooperation Madani
Energy Community Vienna (Austria) Janez Kopac
European Science Foundation Strasbourg, France Marja Makarow
European Southern Observatory Garching (Germany) Tim de Zeeuw
Collective Security Treaty Organization Moscow (Russia) Nikolai Bordyuzha
Economic Cooperation Organization Tehran (Iran) Shamil Aleskerov
Union of South American Nations (UNASUR) President - Desi
Bouterse, Secretary General -
Ernesto Samper
Central American Parliament Guatemala
Commonwealth of Nations UK SG - Kamalesh Sharma,
Chairperson-in-Office -
Mahinda Rajapaksa
Arab League Cairo (Egypt) Nabil Elaraby

Regular (21)
Organization Name Headquarters Name of Chief
International Centre for Migration Polic y Development Vienna (Austria) Peter Widermann
Antarctic Treaty Secretariat Buenos Aires, Argentina
International Council for the Exploration of the Sea Copenhagen, Denmark
Asia-Pacific Fishery Commission Thailand
Indian Ocean Tuna Commission Victoria (Seychelles)
Inter-American Tropical Tuna Commission California (USA)
Northwest Atlantic Fisheries Organization Canada
North Atlantic Salmon Conservation Organization UK
Pacific Salmon Commission Columbia Susan Farlinger
Southeast Asian Fisheries Development Center Thailand
Western and Central Pacific Fisheries Commission USA Charles Karnella
Energy / Nuclear Energy
International Institute for Applied Systems Analysis Vienna (Austria)
European Free Trade Association Geneva (Switzerland) Kristinn F. Arnason
European Patent Organisation Munich (Germany)
Council of the Baltic Sea States Stockholm (Sweden) Jan Lundin
Southern African De velopment Community Gaborone (Botswana)
Economic Community of West African States John Dramani Mahama
Organization of American States Washington, D.C. Jos Miguel Insulza
Caribbean Community Georgetown (Guyana) Secretary-General - Irwin
LaRocque, Chairman
Gaston Browne
Association of Caribbean States Port-of-Spain (Trinidad) Alfonso Munera Cavadia
Organisation of Eastern Caribbean States Saint Lucia Chairman - Roosevelt
Skerrit, Director General -
Didacus Jules
Awards and Honours in India 2015
Awards and Honours in India for the year 2015 :-

Miami Open 2015

Mens Single
Novak Djokovic(Serbia)
Womens Single
Serena Williams(USA)

Mens Double
American Bob Bryan (USA) and Mike Bryan (USA)
Womens Double
Sania Mirza (India) and Switzerlands Martina Hingis

French Open 2015

Mens Single
Stan Wawrinka (Switzerland),
Runner Up Novak Djokovic (Serbia)
Womens Single
Serena Williams (USA),
Runner Up Lucie afov (Czech Republic)

Rome Master 2015

Mens Single
N. Djokovic
Womens Single
Maria Sharapova
Womens Double
Timea Babos and Kristina Mladenovic
Mens Double
P. Cuevas and D. Marrero

Olympics Games 2014 (winter)

Host City
Sochi (Russia)
Winner in Medal Telly
2016 Summer: Rio de Janeiro (Brazil)
2018 winter: Pyeongchang (South Korea)
2020 summer: Tokyo (Japan)

Wimbledon Open 2015

Mens Single
Novak Djokovic(Serbia)
Womens Single
Serena Williams(USA)
Mens Double
Jean Jullien Rojer of Netherlands and HoriaTecau of Romania
Womens Double
Sania Mirza (India) and Switzerlands Martina Hingis
Mixed Doubles
Leander Paes of India and Martina Hingis of Switzerland

Cricket World Cup 2015

Runners up
Most Runs
Martin Guptill (New Zealand) 547 runs.
Man of the finals
James Faulkner (Australia)
Most wickets
Mitchell Starc (Australia) 22 wickets and Trent Boult (Newzealand) 22 wickets.
Man of the tournament
Mitchell Starc (Australia) Melbourne, Australia
Final Match played at

IPL 2015
Winning Tea, & Runner Up
Mumbai Indians
Runner Up Chennai Super Kings
Orange Cap
David Warner
Emerging Player
Shreyas Iyer
Most Number of Sixes
Chris Gayle
Highes t Individual Score
AB De Villiars
Purple Cap
Dwayne Bravo

IIFA 2015 Winner

Best Actor
Shahid Kapoor for Haider
Best Actress
Kangna Ranaut for Queen
Best Director
Rajkumar Hirani for PK
Best Movie

62nd Nation Film Awards

Best Actor
Sanchari Vijay for Nanu Avanalla Avalu
Best Actress
Kangna Ranaut for Queen
Best Director
Srijit Mukherji
Best Feature Film in Hindi
Best Feature Film
Dada Saheb Phalke Award
Shashi Kapoor

Schemes Launched by Narendar Modi

Housing For All Digital Locker
Smart City E- Basta
Jan Dhan Yojana Pradhan Mantri Kaushal Vikas Yojana (PMKVY)
Digital India Skill India
Pradhan Mantri Jeevan Jyoti Bima Yojana Beti Bachao, Beti Padhao
Pradhan Mantri Suraksha Bima Yojana One Rank One Pension
Atal Pension Yojana Sukanya Samriddhi
UPA's (JNNURM) Jawaharlal Nehru National Urban Renewal Mission renamed as AMRUT '
Atal Mission for Rejuvenation and Urban Transformation. The Govt. has sanctioned
Rs.50000 Cr. for constructing 2 Crore houses in all the 40411 statuto ry towns and cities .It
will provide basic infrastructure like water & electricity supply, sewerage, transport and
green space park .
Ensure basic infrastructure and sanitation
Focus on water supply and sewerage
Promoting Public Transport
Enabling walking, cycling, greenery and open spaces
Improving Urban governance through reforms
Capacity Building

Housing for All

Affordable House for Urban Poor Household
2 Crore houses to be built for Urban Poor
Central assistance ranging from Rs.1 Lakh to Rs.2.30 Lakh per house
Promote slum free cities
Promote slum free cities
House in the name of woman or with jointly with husband

Smart Cities Mission

The govt. has planned to invest Rs.48000 for 100 Smart cities which will going to choose
through 'City Challenge Compe tition' followed by 'Intra State' and 'Inter S tate'
Competition. 20 cities that meet the criteria will be going to fund for the first year of
implementation, followed by 40 each over the next two years.
High quality core infrastructure
Application of smart solution for better services
Enhanced quality of living
Drives economics growth benefiting all section
Promotes clean and sustainable environment
Selection of cities through competition

Pradhan Mantri Jan Dhan Yojna (PMJDY) - Scheme Details

Prime Minister Shri Narendra Modi on 15-august 2014 announced a financial inclusion
scheme known as Pradhan Mantri Jan-Dhan Yojna (PMJDY).This scheme was formally
launched on 28-Aug- 2014, through this scheme financial inclusion is taken as mission
In order to achieve financial inclusion various initiatives were taken by previous
governments and RBI like expansion of bank branches network, opening of no frills
account,mandatory financial inclusion plans by banks ,adoption of business correspondent
model (BC) but still vast section of our country out of reach of financial services, So to
provide basic financial services like saving account, Remittance, Credit, Insurance ,Pension
in an affordable manner to common man PMJDY was launched.

How PMJDY is different from previous Financial Inclusion schemes

PMJDY focus on opening bank account in every family where as previous scheme focus on
providing Banking services with population more than 2000.
PMJDY focus on rural and urban area as same where as previous scheme concentrate
more on rural areas.
Thrust of this scheme is on providing not just account opening but also addition services like
insurance ,overdraft facility, remittance s, RuPay debit card. USSD based mobile banking
to be utilized where as in previous scheme there is not use of mobile banking .
Financial literacy is focus in PMJDHY where as in previous scheme financial literacy was
In PMJDY, KYC needed to open bank account was made simpler.

PMJDY envisages provis ion of affordable financial services within

reasonable distance. It comprises of the following s ix pillars
1. Universal access to banking services-It aim s at providing banking services to all
inhabitants with in reasonable distance of 5 k.m. by 14th-Aug-2015.
2. Providing Basic Banking Accounts, RuPay debit card and overdraft facility to all
3. Financial Literacy Programme of PMJDY will be implemented ,this include
Financial literacy is integral part of Universal access to banking facilities
PMJDY. By providing financial Providing basic bank account with RuPay debit card with inbuilt accidental insurance
literacy people will be able to judge cover of 1lakh.
right financial product for them. Financial literacy programmes
4. Creation of Credit Guarantee fund Phase II
It propose the creation of credit (from 15th-Aug-2015 to 14th -Aug-2018)-In this last three pillars of PMJDY will be
guarantee fund to cover the defaults implemented this include:
in overdraft accounts.
Creation of credit guarantee fund
5. Micro insurance To provide micro
insurance to all willing and eligible Micro Insurance
persons by August2018 Overdraft facility
6. Unorganised sector Pension Unorganized sector Pension Schemes like swavalamban.
Schemes like Swavalamban but PMJDY is highly successful. Provision of social security by pension and insurance cover is a
August-2018. significant policy intervention. RuPay enable debit card provides transaction security and
overdraft facility , subsidies transfer to bank account will provide economic security.
PMJDY will be implemented in two Enthused by the success the target for opening basic account target has been revised form
phases 7.5 Crore to 10 Crore by January 26 and this target is also met and banks have issued
Phase I 7.28 Crore RuPay debits cards. So will combine efforts of GOI,RBI ands Banks, PMJDY will
(from 15-August-2014 to 14-August able to provide financial inclusion to every section of our society.
2015)- In this phase first three pillars

Digital India - The blue print of a Futuristic India

Project proposed to be completed by 2019. It is a top priority
Every Indian to have a smartphone by 2019 I hear ya!
Slogan going around these days IT + IT = IT; which means
India Today + Information
Technology = India Tomorrow.
Expected to generate more than 5 crore jobs!
The projects estimated cost minimum is 1 lakh crores !
The three Ds digital services, digital infrastructure and
Tell me what on earth is Digi India? shouts my digital literacy.
exhasperated sister, appearing from under the mountains of her
CLAT books, Is Modi coming up with these things just to make A little elaboration is warranted here
the life of examinees tough?! Every week there is something! The aim of this ginormous project is to bring the whole of India
I hear you lil sister, as do I hear the collective groan of hundred under the IT umbrella and provide all government services
others obsessing over current affairs does it feel like the new through the internet for which there will be massive need for
Government is giving us extra homework with all these schemes an IT infrastructure covering the whole of India (rural India
Well anyway this brings us to our new-est currently- being the most important area for immediate development) and
making-news topic : encouraging the masses to utilize and embrace these changes
by educating them about the technology, its benefits, the
DIGITAL INDIA processes etc.
Prime Minister Modis vision The Department of Electronics
and Information Technology of the Government of Indias pet Services/ USPs can be listed as follows:
project Old Generations bane and the Next 1. High Speed Internet to all and everywhere which means
Generations boon we present to you Deegee Indiah! (I rural India too.
hope that was dramatic enoughdrumrolls and all!) As put in 2. All Banking services by all banks via the internet.
words by the Ministry, Digi India is a programme to transfo rm 3. All Government serves by all Government Departments
India into a digitally empowered society and knowledge via the cyber space less paperwork no queues or lesser of
economy. When we think of Digi India key words like those anyways!
broadband, digital, e-Courts, mobile, banking, e-Police etc 4. All citizen documents details apart from the usual PAN/
should come to mind these are the unique selling points of the AADHAR etc. to be available online.
whole thing! So,
Nine Pillars of Digital India movement:
What is Digi India? (1) Broadband Highways rural, urban by 2017.
We know the basic premises of Digital India India finally (2) Universal Access to Phones mainly to get the rural
going 21st Century with informations technology (IT). people on the loop 42300 villages are still uncovered est
It is nothing but Indias coming of age where IT will be in the time of completion 2018 integration of State Wide Area
daily lives of common people and not only of the IT people of Networks (SWANs) and National Knowledge Networks (NKNs)
Silicon Valley (Bangalore!). Imagine everything online!
Everything happening at the touch of your keypad and click of (3) Public Internet Access Programme National Rural Internet
you mouse with broadband speed imagine government Mission with Post Offices becoming multi-services centres.
services being rendered to you like that and (4) E-Governance all Government services routed through the
that de ar friends is the vision of Digital India. internet no or lesser paperwork all processes within the
Government automated records will be held in databases and
Laying down all the specs:- not in physical dusty files! easy and simple user interface to
Very important for the current affairs so high speed government portals etc.
specifications coming up take note
(5) E-Kranti delivery of services electronically if you are Fourth one is bio-metric attendance counter fo r all
patient you can ge t your health reports and insurance coverage Government employees you know finger print access
informations online if you are a farmer you can get your running of the card keys before entering offices all very high
queries, market prices and trends online, payment m aking, tech!
ordering of inputs etc all online for students free wifi in ALL Fifth is to get the Univers ities and Colleges to have WiFis I
schools (ermok!) also we have e-Police, e-Courts, e- ask where was Modi in my time?!
Prosecution and e-Jails in perfect e-orde r! Sixth is public Wifi hotspots seriously where was Modi in my
(6) Information for all two way communication between time?!
government and people and like it says information far all.
Seventh is to have all school books converted into PDFs! That
(7) Electronics manufacturing in India Make in India +
empowerment of domestic manufaturing units = zero imports by is to have e-books, so that any student from anywhere can
access any book.
2020! (Team India all the way!)
(8) Jobs = jobs = jobs = India really needs this one! Eigth is to have e-weather reports and national natural
(9) Early harvest programmes huh? this one is actually calamities alert messages.
well it means ge tting some 9 -10 particular programmes/ Ninth is to have an online portal for lost and found
initiatives quickly done and delivered to the people early children this I vehemently support!
harvest! (Mentioned below) Phew! This is a lot to take in one article and in one day even I
cant. What Ive put u p here in this article is just the facts of the
Services required for Digital India Digi India Programme that anyone ought to know of the top of
First one is get the mass messaging application ready and their head.
working, so that the Government can reach people via emails. This topic should be on your finger tips But there are a lo t more
information to cover on this one and Ill follow it up with another
Second one is to ready the e-Greeting templates done
Governemnts personalise greeting cards to the common man! article s giving the numbers and some more facts and some
current developments etc. All the computer hardware and
Third is secured inter-Government, inter-Government software companies Intel, Microsoft, Adobe and Google are
Department e-mailsystem designing of common Government going to play a big role to make "Digital India" a reality.
template this is important too.

Social Security Schemes launched by Narendra Modi Summary

On his first visit to West Bengal after
becoming Prime Minister of India,
Narendra Modi surprised financial
analysts by declaring three social
security schemes for 1.25 billion
people. Now accidental insurance is
available at mere Rs.12 fo r a
coverage of Rs.200,000. Read
summary of schemes :-

Pradhan Mantri Suraksha Bima Yojna Policy cost and coverage

Eligibility Rs.12 per subscriber for a coverage of Rs.2,00,000
18 to 70 years of age
Having a savings account with a public sector bank Maturity
Insurer allows auto withdrawal for the payment of annual Death due to accident or total physical disability due to
premium accident
Pradhan Mantri Jeevan Jyoti Yojana
Eligibility Policy cost and coverage
18 to 50 years of age Rs.330 per subscriber for a coverage of Rs.2,00,000
Having a savings account with a public sector bank
Insurer allows auto withdrawal for the payment of annual Maturity
premium Death due to any reason

Atal Pension Yojana

Subscriber should have saving account

Eligible age for entering into scheme - 18 to 40 years
Provides subscribers a fixed minimum pension of Rs.1,000, Rs.2,000, Rs.3,000, Rs.4,000
or Rs.5,000 per month starting at the age of 60 years
Period of contribution by subscriber should be equal to or more than 20 years
Central government will contribute 50% of the contribution by subscriber or Rs.1000 per
annum, whichever is lower for 5 years.

Mudra Bank Yojana

supporting them particularly those members who belongs from
scheduled caste s and scheduled tribes.
MUDRA Bank will also register MFIs(Micro Finance
Institutions) and will be responsible for accreditation and
rating of MFI.
It will also make proper last mile practices to be followed by
MFI to provide proper client protection and to prevent from

The finance ministry said measures to be taken up by the
MUDRA are targeted m ainly on young, educated or skilled
workers and entrepreneurs including women entrepreneurs.
Basically small entrepreneurs and small businessm an are often
cut from banking system because of limited branch presence, so
MUDRA bank will partner with local coordinators and provide
finance to small and micro businesses.


The bank will be se t up with the initial corpus of Rs.20000 Cr
and a credit guarantee corpus of Rs.3000 Cr.
What is Mudra Bank? The bank have categorized the amount o f loan to be given in
three different categories-
MUDRA means Micro Units Development and Refinance
SHISHU- This is the first stage and in it the loan will be given
Agency(known as the MUDRA bank)
for upto 50000 Rs.
Mudra bank is being set up through a statutory enactment and
KISHOR- In the second stage a loan amount will be ranging
will be responsible for developing and refinancing through a
from 50,000 to Rs.5 lakh.
PradhanMantri Mudra Yojna.
TARUN- This is last category which will provide upto Rs 10
It is first set up as a subsidiary of the Small Industries
Develpoment Bank of India(SIDBI). It will later be converted
into full-fledged bank through an act of the parliament. The bank will cater to 5.77 Crore small business units that
spread all across India who currently find it difficult to access
MUDRA Bank is a public sector financial institution in India, It
credit from the regular banking system.
provides loan at low rates to small entrepreneurs.
According to Mr. NARENDRA MODI the bank would help over
OBJECTIVE - 6 Cr families out of which 65% of them belongs to scheduled
caste and scheduled tribe s.
It was launched in 8th April 2015 with the objective of
regulating micro and small enterprise financing business, and
Digital Locker
My Requester: The re questers names and the documents
requested by the requesters are available here.
Directories : Complete list o f registered issuers and requesters
along with their URIs are available here.

Signing Up Process: How Does it Work?

In the text box Enter Aadhaar Number, type your Aadhaar
number. For user authentication, there are two options to choose:
Use OTP (One Time Password) and Use Fingerprint.

If you choose OTP, the password will be sent to the mobile
number and email-id registered with your Aadhaar. Once the
Digi Locker is yet another Digital India initiative launched by the
OTP is entered, click on Validate OTP button. Once the OTP is
Government of India in February 2015. Released by the
validated, the user can complete sign up by setting his username
Department of Electronics & Information Technology (DEITY),
and password.
Ministry of Communications & IT, Digi Locker is actually an e -
locker to save your official and other documents.
A secured personal online storage space where you can store If you choose fingerprint, you will have to put the thumb print on
your documents.
the finger print device. If it is valid, your identification is
A service open to all Indian citizens with Aadhaar cards authenticated and you can set your own username and
You will be allotted a storage space o f 1 GB linked with his or
password to complete the sign up. Using Social Media You can
her Aadhaar number. also sign in using your Gmail ID or Facebook ID.
You can not only sto re your official documents like mark sheets,
Pan cards, Passports, Using Social Media
certificates, voter id cards, etc. but also store Uniform Resource
Advantages of Digi Locker System
Identifier (URI) link of the edocuments
issued by various departments. Empowers the citizens digitally.
You can digitally sign e-documents with the e-sign facility Ensures easy availability of documents online.
provided by this system. Reduces the use of physical documents and fake documents.
Offers authenticity of the e-documents.
Section within the Digital Locker Provides a secured acce ss to documents issued by the
My Certificates : government.
(a) Digital Documents: This contains the URIs of the documents Reduces administrative costs of government departments and
issued to the user by the various government departments or agencies.
other agencies.
Provides fast access to documents anytime and from
(b) Uploaded Documents: This subsection contains all the anywhere.
documents uploaded by the user. Each file should not be more
than 1 MB in size. Only pdf, jpg, jpeg, bmp, gif, png file types Enables easy sharing of documents acro ss departments and
can be uploaded. agencies.
My Profile: The users complete profile is seen here. Ensures complete privacy of residents data.
My Issuer: The issuers names and the documents issued to the
user are available here.

e-Basta: New Portal for Students to Download School Books

The school/teachers customise the contents of the eBasta for the
The publishers upload the content as pe r the requirement of the
The students, with the help of the app, can acce ss the portal and
download content of interest.

Features of eBas ta
Basta in Hindi means a school bag. As the name suggests,
eBasta is literally a digital schoolbag with the digital version of
school books and study material. The various features of eBasta
are as follows:
This programme will make all school books available in the
e-Basta digital format and can be accessed on laptops and table ts.
The Government of India has now extended a helping hand to Resources available in the digital form include text, simulation,
the students of India in the form of the eBasta platform. This is a animations, audio books, and videos among many other
collaborative platform where students, teachers and book features.
retailers can come together and help each other. Web based applications will be available to access and
navigate the framework of eBasta.
How it works?
Teachers or the school can log on to the portal and customise
The stakeholders of eBasta are the students, teachers, eBasta
the eBasta contents according to the requirement, standard, and
app, and the publishers.
syllabus of their students.
The eBasta app has to be installed to get access to the portal.
Students can access the content included by the teachers or the The publishers and the students both benefit because
school on the same portal. They can use eBasta application by feedback on the online material available online comes directly
downloading them on their computers or android phones. and thus, any action required concerning the content will also be
The android app is like a eBook reader. Once the student has more prompt.
access he/she will haventhe content as required by the teachers. Thanks to DRM (Digital Rights Management), the publishers do
The content is easily transferable. not have to worry about piracy of the content that they upload.
eBasta is also beneficial for the publishers. It will be easier for Even though this platform has been newly launched, there are
them to penetrate into schools and students in every nook and many eBooks available on the portal. With an increase in
corner of India and sell books in the digital fo rmat. All they demand and popularity, this initiation of the Government is
need to do is register on to the eBasta portal. surely going to achieve success, and thus benefit the future
Benefits of eBasta for Students and Publishers generation of India.

Pradhan Mantri Kaushal Vikas Yojana : Skill Development Scheme

The specific skills trainings to be imparted have been assessed
by the National Skill Development Corporation (NSDC) on the
basis of demand in recent skills gap by a study for 2013-17
Central ministries and state governments departments were
consulted and the inputs of various industry and business heads
were also considered. Skills needed to implement various other
flagship schemes such as Digital India were also assesse d.
Currently, about 428 job roles are being catere d to by the skills
training imparted under the scheme.

Enrollment Process
The government has partnered with various telecom operators
to create awareness about the PMKVY. After the nationwide
launch telecom operators are likely to send out mass SMS about
the scheme and will provide po tential candidates a number to
call. Candidates need to give a missed call to this toll free
number, following which they shall receive an automated call
back connecting them to an IVR. The potential candidate will, at
this stage, need to input his/her details into the system. These
details will be recorded, and screened. Candidates eligible to
enroll for the training programmes will be provided details of
the nearest training centre and will be asked to report on the
training dates.

Implementation of the Pradhan Mantri Kaushal Vikas Yojana

In keeping with the draft plan, the scheme was launched (in
What is Pradhan Mantri Kaushal Vikas Yojana Bihar) and the NSDC partnered with about 24 sector skill
a key measure to impart skills-based training to young men councils.
and women, making them capable of earning and supporting As of 1 July 2015, about 1,17,564 people from all parts of the
the nations anti-poverty endeavours. country have already enrolled for skills training. Training has
Indian society which has the worlds largest youth population commenced for some 1,07,080 trainees already. The schemes
implementation is being undertaken by NSDCs training
that require s employable skills (356 million population between
10 and 24 years of age The Hindu, Nov 2014). partners. The NSDC has some 187 listed training partners with
2300 training centres spread out in almost all the state s of
Earlier this year, on 20 March 2015, the government of India India. While the scheme is on a pilot mode in select state s, a
implement the Pradhan Mantri Kaushal Vikas Yojana (PMKVY) nation-wide launch is expected by mid-July. The to tal outlay
through the National Skill Development Corporation. planned for the scheme is over INR 1,500 crore, of which INR
With a total outlay of about INR 1,500 Crore, the PMKVY is 1120 crore is likely to be allocated towards the skill training of
likely to impart skills training to 24 lakh youth of the country, some 14 lakh youth. Additionally, INR 220 crore will be spent
focusing on the Class X/XII dropouts and lower income groups. towards the recognition of prior learning. The scheme budget
The scheme was developed over a pe riod of almost three includes INR 67 crore that shall be spent on spreading
months and its implementation started in select states (primarily awareness and encouraging enrolment. This includes
Bihar) by early June 2015. implementation of the website and running awareness
The scheme will be launched in all states of the country on 15 campaigns. In this effort to create awareness about the PMKVY,
July National Skills Day. Indias unemployment rate averaged the NSDC will partner with state governments and municipal
about 4.9 percent by early 2014. This scheme should bring that organisations and use the administrative machinery extensively
number down by a reasonable measure. to mobilise candidates from the grassroots level. The NSDC has
also partnered with various business houses and corporates in
Skills Needs Assessment an effort to garner mentorship for the candidates and to secure
One of the key objectives of the scheme was to cover the skills placements once their training is completed.
training of about 24 lakh people. The government has allocated INR 67 Crore towards this. The
The specific skills imparted would be decided based on the scheme has the youth of the North Eastern region of India in
National Skill Qualification Framework (NSQF) and on the basis special focus. This region has been traditionally neglected and
of feedback from the various industries that would potentially hence a separate allocation of INR 150 Crore has been made
employ the trainees. towards the training of youth in this region.
Apart from training, the candidates shall also go through an training partners. These partner institutions have been studied
assessment at the end of the training schedule. A certificate of and assessed before enrolment. Digital training facilities and
merit shall also be issued to candidates at the end of this able instructors are highly valued by the NSDC for the training
training period based on the assessment. Third party sessions. The curriculum developed is highly relevant and
assessment bodies have been roped in by the NSDC to assess efficient in practical employability. Training sessions and the
the candidates on the skills acquired and a monetary incentive training institutes will be constantly monitored by state
or reward is given to exemplary candidates. The average government agencies and by the sector skill councils. Feedback
monetary reward that each successful candidate is likely to get from the candidates themselves will also be sought.
is about INR 8000. The scheme has placed much focus on the

Skill India : A New Programme to be Launched in March 2015

youth of our country by 2020, covering each and every village.
Various schemes are also proposed to achieve this objective.

The emphasis is to skill the youths in such a way so that they
get employment and also improve entrepreneurship.
Provides training, support and guidance for all occupations
that were of traditional type like carpenters, cobblers, welders,
blacksmiths, masons, nurses, tailors, weavers etc.
More emphasis will be given on new areas like real estate,
construction, transportation, textile, gem industry, jewellery
After Digital India and Make in India, the NaMo Government designing, banking, tourism and various other sectors, where skill
is to launch yet another programme. This one is a revised development is inadequate or nil.
version of programmes launched earlier under the skill The training programmes would be on the lines of
development policy. This new programme, called Skill India, is international level so that the youths of our country can not only
supposed to be a multi -skill programme. It will be launched in meet the domestic demands but also of other countries like the
March 2015. Like all other programmes, Skill India too is a US, Japan, China, Germany, Russia and those in the West Asia.
dream project of Narendra Modi and the work to launch this Another remarkable feature o f the Skill India programme
programme has already been initiated. would be to create a hallmark called Rural India Skill, so as to
standardise and certify the training process.
Objective Tailor-made, need-based programmes would be initiated for
The main goal is to create opportunities, space and scope for specific age groups which can be like language and
the development of the talents of the Indian youth and to communication skills, life and po sitive thinking skills, personality
develop more of those sectors which have already been put development skills, management skills, behavioural skills,
under skill development for the last so many years and also to including job and employability skills.
identify new sectors for skill development. The new programme
The course methodology of Skill India would be innovative,
aims at providing training and skill development to 500 million which would include games, group discussions, brainstorming
sessions, practical experiences, case studies etc.

Beti Bachao, Beti Padhao Scheme To Ensure the Rights of the Girl Child

After the successful implementation of innovative schemes like initial corpus of Rs 100 crore, the scheme has been launched in
the Jan Dhan Yojana, Make in India and Swachh Bharat a hundred districts across the country. In Haryana where the
Abhiyan, Prime Minister Narendra Modi now launched one more child sex ratio (CSR) has been dismally low, 12 districts have
scheme, Beti Bachao, Beti Padhao (save the girl child, educate been chosen: Rewari, Mahendergarh, Bhiwani, Jhajjar, Ambala,
the girl child), on January 22 in Panipat in Haryana. With an Kurukshetra, Sonepat, Rohtak, Karnal, Kaithal, Panipat and
Yamuna Nagar. The scheme aims at making girls independent Beti Bachao, Beti Padhao, and administered the Beti Bachao,
both socially as also financially through education. This Beti Padhao pledge on the occasion. Today the society as a
approach of the Government can facilitate in generating whole needs to change the attitude towards the girl child to end
awareness and improving the efficiency of delivery of welfare female foeticide. The practice is prevalent among every strata
services meant for the women. of the society. Although there was a healthy sex ratio in the
north-eastern region and tribal areas, in many parts of the
Why the scheme? country the incidence of female foeticide is high. The
The latest census of 2011 reveals a declining trend in CSR in the Government has initiated this innovative scheme to save the lots
age group of 0 to 6 years, the figure for girls having gone of the girl children.
down to 919 per 1,000 boys, from what it was in the 2001
census 927. The practice of aborting female foetus has Scheme is boon not only for girls but also for society
become more rampant with the availability of modern In this scheme, the Ministry of Women and Child Development is
diagnostic tools for sex determination of the unborn. With the functioning in collaboration with various other Ministries like
social biases favouring the male child on consideration of Education Ministry and Health Ministry. It can be a boon not just
economic advantages and the deep-rooted attitude of labelling for the girl children but also for the whole society. Moreover,
the girl child as more of a liability, the sex ratio in the country Beti Bachao, Beti Padhao yojana comes at a time when the
has been skewed. The process of elimination continues even nation is confronted with problems associated with womens
afte r birth in various form s of discrimination in matters of health, safe ty like rape and other forms of assault. The Government
nutritional and educational needs of the girl child. also projected Rs.150 Crore to be spent by the Ministry of
Therefore, it has been rightly stated that womens Home Affairs on a scheme to extend the security of women in
disempowerment begins even before birth. Concomitantly, the large cities. The Union budget has also allocated to the Ministry
fact remains that empowerment of women leads to allround of Road Transport and Highways R s.50 Crore for pilot schemes
progress and emancipation from backwardness of beliefs and to safeguard the safe ty of women on public road transport.
unscientific practices in the society. And towards driving this That may be a welcome step as this can facilitate to restore
home among the rural folks confined to superstitious beliefs and womens faith in the system. The formidable project can
practices, the new media and communication methods need to embrace a number of the most effective practices for be tter
be fully utilised. The BetiBachao, BetiPadhao, campaign has initiation and implementation. For example,
been launched to achieve this objective, of bringing about the West Bengal has a system for enabling money transfers at
awareness and the change. periodic intervals for the childs education.
In Punjab, pregnant girls are registered in their first trimester
What Modi said in order that the authoritie s may follow up and monitor cases of
Lamenting that we have an 18th century mindset, the Prime foeticide.
Minister called for an end to the discrimination between sons Another example is Tamil Nadus Amma Baby Care Kit.
and daughte rs. He said this is the key to ending female However, the initiative although sensible has been for the most
foeticide. part criticized by many people. Its not enough to allot funds
Modi reminded the medical fraternity which also contributed to and fo rmulate schemes, it is said. There is need to amend the
female foeticide, that their medical education had been for the laws and penalise those who harm the girl children. Theres also
purpose of saving lives, and not killing daughters. The Prime need to educate the grass roots about the rights of the girl child
Minister also launched the Sukanya Samriddhi Account for the to exist.
benefit of the girl child. He released a stamp on the theme of

One Rank One Pension

important step taken by the ruling government before the
national assembly elections come calling a few months later.

Recent Developments
According to government sources, the long-pending OROP
scheme is likely to be rolled out ahead of the Bihar assembly
On 15 June 2015, a group of about 55 ex-servicemen who
belong to Jalandhar district began their relay-hunger strike at
Jantar Mantar in New Delhi, demanding the government to
announce a date to introduce the OROP policy.
The Indian government has come up with the One Rank One On 10 June 2015, a group of ex-servicemen met Finance
Pension (OROP) in what is being seen as a final effort to get the Minister Arun Jaitley and expressed their concerns regarding
attention of the defence community of the country at the the delay in the OROP scheme which is likely to
present moment there are 14 lakh soldiers and officers serving benefit as many as 22 lakh retired defence personnel.
in various capacities in different wings of the national armed On 3 June 2015, a group of ex-servicemen led by Maj Gen
forces. There are also in excess of 25 lakh military officers in Satbir Singh (re td) met Dalbir Singh Suhag and discussed about
India who have retired. Incidentally, this has been demanded the early implementation of one rank one pension scheme.
for a long time now and has also been promised but till now it
had not been implemented. This is also being regarded as an
Sukanya Samriddhi Account : New Scheme for a Girl Child in India
depositor (guardian) will be an individual, who deposits amount
in the account on behalf of the minor girl child.
One Girl One Account: Only one account can be opened per
girl child.
Where to open Account: Sukanya Samriddhi account can be
opened in Post Office s or authorised Banks (State Bank of India,
Bank of Baroda, Punjab National Bank, Bank of India, Canara
Bank, Andhra Bank, UCO Bank, and Allahabad Bank, to name
the few).

More Information on Sukanya Samriddhi Account

Account Transferability: The account can be opened with an
amount of Rs.1000. It can be transferred from the original
location to anywhere in India as the girl child relocates.
Minimum Contribution: A minimum contribution of Rs.1000 per
account has to be deposited per year. A maximum of Rs.1,
50,000 per account can be deposited. There is no limit in the
number of deposits in a financial year. The money can be
deposited through cash, cheque or draft.
Penalty: A penalty of Rs.50 will be imposed if the account is not
Save for every girl child in India. Reinforcing this idea, Prime credited with the minimum amount.
Minister N arendra Modi launched Sukanya Samriddhi Account Rate of Interes t: The scheme is offering an interest rate of 9.1%
Scheme, a small savings scheme as a part of the Beti Bachao per year. However, it will be revised in April every year and
Beti Padhao campaign. It is also considered a part of the the change will be communicated subsequently. The interest will
governments initiative to increase the percentage of domestic be compounded yearly and directly credited to the account.
savings, which has reduced from 38% of the GDP in 2008 to Term Period: The guardian is expected to deposit amount in the
30% in 2013. This scheme will encourage parents to save for account only till the completion of 14 years. No deposits after
the education and future of their girl child. that is required till the maturity of the account.
Withdrawal: A premature withdrawal (at the end of the
How to Open the SukanyaSamriddhiAccount ? previous financial year) of 50% of the accumulated amo unt is
Guardian to open the account: The account can be opened allowed after the girl child turns 18.
only by parents or legal guardians fo r upto two girl children. In Closure of Account: The account can be closed only after the
case of twins or triplets, an exemption will be made on child turns 21. If the money is not withdrawn even after that, it
production of a certificate from authorised medical institutions. will continue to earn the interest
Age Eligibility: A Sukanya Samriddhi account can be opened Taxation: As per Section 80C o f Income Tax Act, the investment
for a girl child till she attains theage of 10. The scheme started (up to Rs.1.5 lakhs) under the scheme, all the payments including
from 2 December, 2014. An initial grace period of one year the interest payment and the total maturity amount will be fully
has been announced for convenience. A girl child, who is bo rn exempted from taxation.
between 2 December, 2003 and 1 December, 2004, can open
account by 1 December, 2015. What are the Documents Required Opening Account
Account in the name of the beneficiary: Sukanya Samriddhi Birth Certificate of the girl child. Address and photo identity
Scheme can only be opened in the name of the girl child. The proof (PAN Card, Voter ID, Aadhar Card) of the guardian..

REVERSE MORTGAGE LOAN: A Helping Hand For Senior Citizens

specific plan chosen. The valuation of the residential prope rty is
done at periodic intervals and it shall be clearly specified to the
borrowers upfront. The banks shall have the option to revise the
periodic / lump sum amount at such frequency or intervals
based on revaluation of property.

Settlement - The loan shall become due and payable only when
the last surviving borrower dies or would like to sell the home,
or permanently moves out. On death of the home owner, the
legal heirs have the choice of keeping or selling the house. If
Features of reverse mortgage are:
they decide to sell the house, the proceeds of the sale would be
a) A homeowner who is above 60 years of age is eligible for
used to repay the mortgage, with the remainde r going to the
reverse mortgage loan. It allows him to turn the equity in his
home into one lump sum or periodic payments mutually agreed
As per the scheme formulated by National Housing Bank (NHB),
by the borrower and the banker.
the maximum period of the loan period is 15 years. The
b) NO REPAYMENT is required as long as the borrower lives,
residual life of the property should be at least 20 years. Where
Borrower should pay all taxes lating to the house and maintain
the borrower lives longer than 15 years, periodic payments will
the property as his primary residence.
not be made by lender. However, the borrower can continue to
c) The amount of loan is based on several factors : borrowers
age, value of the property, current intere st rate s and the
Reserve Bank of India - Facts you need to know
RBI is the central Bank of India.It established on 1st April 1935 CRR (Cash Reserve Ratio)
under RBI Act 1934with the recommendation of Hilton Young Every Bank need to maintain in the form cash
Commission . 4 % of NDTL ( Net Demand & Time Liability )
RBI Governor : Raghu Ram Rajan ( 5th Sept,2013 - 4 SLR (Statutory Liquidity Ratio)
21.50 % of NDTL
Deputy Governors : 4 In the form of Gold, Govt. Securities which are easily
1. H. R . Khan converted into cash.
2. K. C. Chakrabarty
3. Dr. Urjit Patel Repo Rate
4. R Gandhi When bank lends money from RBI certain interest has to
pay by bank.
Facts about RBI 7.25%
1. Indias central banking institution/authority For Short Term\more than 2 days upto 90 days
2. Controls Monetary policy of the Indian rupee There will be always minimum difference between Repo
3. Est. 1 Apr,1935 during the British Raj under RBI ACT 1934 Rate & Reverse Repo Rate is 1%
4. Nationalized in 1st Jan,1949
5. Member bank of the Asian Clearing Union Reverse Repo Rate
6. Providing license to New Banks When bank deposit surplus amount with RBI certain interest
7. It regulate, control & inspects the bank in India has to paid by RBI.
8. Share capital fully paid initially owned by private 6.25%
9. It plays an important part in the development strategy of Marginal Standing Facility (MSF)
the govt. of India Same as Repo Rate ( Scheduled Bank borrow funds
10. Consist of 21 members overnight from RBI)
1 Governor Short term upto 90 days
4 Deputy Governor upto 2 % of NDTL
2 Finance Ministry Representative
10 Govt. nominated directo rs to represent important Bank Rate
elements from India's economy long term
4 Directors to represent local boards Same as Repo Rate
Base Rate
Public Sector Bank Fixed by RBI
Those Bank in which Govt. share is 51% or above that is Below it No loan can provided by any Bank
called Public Sector Bank. PLR(Prime Lending Rate)
Example : SBI, Allahabad Bank, Bank Of Baroda, Bank of India Fixed by Bank
Loan provided by banks to his customers
Private Sector Bank
In which private Individual or Group of Private individual's
share is 51% or above.
Example : ICICI

Foreign Bank
Head office locate outside and Branches comes in India.
Example: FB, BOA , Catholic Bank

Types of foreign currency accounts

Public Sector Bank (PSB)
1969 's 14 Bank nationalised
1981 's again 6 Bank nationalised
1993 2 merge bank Bank of India & PNB
19 + IDBI + SBI + 5 Associate Of SBI + Bhartiya Mahila
Subsidiary of RBI
Fully owned by Govt.
national Housing Bank (NHB)
Insurance Credit & Depository
(NBARD) National Bank of Agric. & Rural Development

Monetary Policy
made by RBI
Main function of RBI
Monetary Policy review after 45 days
List of Committees in India 2015
List of important Committees in India during 201 4 and 2015.
1. Ajay Shankar Committee : To review functioning of PPP 22. T.K. Vishwanathan committee: To provide Bankruptcy
Cell code for small and medium enterprises (SMEs).
2. Prof. NR Madhava Menon Panel : Reported guidelines 23. K.V. Kamath panel: to examine the financial architecture
for regulating expenditure and content of advertisement for Micro, Small and Medium Enterprises (MSME) sector.
in govt. adds 24. Gopalakrishna Committee: on Capacity Building in
3. H Devaraj Commitee : Reported most deemed university Banks and non-Banks
4. H R Khan Panel : To evaluate unclaimed PPF and Post 25. G N Bajpai Committee: Guidelines for national pension
Office Savings system (NPS) schemes in private sector.
5. V V Daga Committee : To conduct forensic audit of NSEL 26. Scientist Raghunath Anant Mashelkar panel: To
6. Sivaramakrishnan committee : Submit Report to build recommend best technologies for Prime Minister
the capital city for Andhra Pradesh Narendra Modi's "Swachh Bharat" national sanitation
7. Ramanujam committee : To avoid obsolete laws campaign.
8. Bimal Jalan : To head the Expenditure Management 27. T S R Subramanian Committee: To review five key
Commission green laws concerning protection and conservation of
9. Hari Gautam Committee : To review the status of UGC environment, forest, wildlife, water and air among others.
10. Justice SB Sinha (One Member Commission):To Probe
2006 Meerut Fire Tragedy Various Committees in News :~
11. Suresh Prabhu Committee: To review gas pricing ~~~~~~~~~~~~~~~~~~~~~~~
formula 1. Bibek debroy - restructuring of Indian Railway.
12. R S Sharma Expert Committee : To review the Company 2. Anil Baijal - suggesting a framework to assess CSR activities
(Cost Records and Cost Audits) Rules 2014 done by corporates under companies law.
13. Justice MB Shah : On Black Money 3. TSR subramanium - review laws and acts of the Ministry of
Environment, Forests, and climate change.
14. Deepak Mohanty Committee : Data and Information
4. Pratyush Sinha - coal blocks allocation.
Management in the RBI
5. TK Vishawanathan - to provide bankruptcy's code for SME.
15. Arvind Mayaram Committee : To clear definition to the
6. KV Kamath - to financial architecture to MSME.
7. Gopalakrishnan - capacity building in banks and non banks.
16. Nachiket Mor Co mmittee : To permit NBFC's to work as 8. GN bajapai - to review national payment system in private
Business correspondence sectors.
17. P J Nayak Committee : Governance of Boards of Bank 9. Scientist Raghunath Anand Mashelkar - to recommend best
in India technologies in PM "Swach Bharat" mission.
18. Bibek Debroy : for Restructuring the railway 10. H Devaraj - reported that most of the deemed universities
19. Justice CS Dharmadhikari Committee: recommended are not fit for being a university.
complete ban on dance bars in hotels and restaurants. 11. Bimal Jalan - head the expenditure management
20. Pratyush Sinha : To asse ss compensation for coal blocks. commission.
21. Jairam Ramesh : On sustainable development
Important Books and Authors 2015

Two Years Eight Months and Twenty -Eight

Nights Neither a Hawk nor a Dove -
1st Indian to receive the Booker prize (British The R ed Sari - Javier Moro Khurshid M Kasuri ( Pakistans Ex-
citizen) Foreign Minister )

Indian Parliamentary Diplomacy :

Faces and Places - Prof Deepak Nayyar Editor Unplugged : Media, Magnates, Speakers Perspective - Meira Kumar
Netas and Me - Vinod Mehta

Farishta - Kapil Isapuri

( Published : 2013, In News : Jan,2015) China : Confucius in the Shadows -
Super Economies - Raghav Bahl
Poonam Surie

Flora of Guntur City Andhra Pradesh Kiran Bedi : Kaise Bani Top Cop
(Comic Book) - Kiran Bedi
Delhi to Islamabad- Bhim Singh
Fragile Frontiers: The Secret History of Go Set a Watchman - Harper Lee
Family Life - Akhil Sharma
Mumbai Terror Attacks - Saroj Kumar Rath

Gods Bankers: A History of Money and

Power at the Vatican - Gerald Posner Education of Muslims: Islamic
Lucknow Boy: A Memoir - Late Vinod Perspective of Knowledge and
Mehta Education - J.S. Rajput

Ahmedabad : A city in the world :

Amrita Shah
Flood of Fire - Amitav Ghosh


Half Girlfriend - Chetan Bhagat

The Narrow Road To the Deep North - The 3 mistake of my Life
Richard Flangan The L ives of Others - Neel Mukherjee 2 States
(Winner of Man Booker Prize 2014) ( short - listed for Booker 2014 ) Revolution 2020
One Night @ the Call Center
Playing It My Way - Sachin Tendulkar
Final Test: Exit Sachin Tendulkar
Unbreakable - M.C. Mary Kom
And Then One Day : Naseerudin Shah

The Substance and the Shadow

I am Malala (Autobiography) - Malala
(Biography of Dilip Kumar ) - Uday
Yousafzai Born Again On the Mountain - Arunima
Tara Nayar

Crusader or Conspirator - P.C. Parakh

Hard Choices (Autobiography) - Hillary The Accidental Prime Minister - The
(Former Coal Secretary ) making and unmaking of Manmohan

Not Just an Accountant - Vinod Rai The Making of the Great Indian Election
(CAG) 2014 The Election that changed India - : Y Quraishi , Ex- Election
Rajdeep Sardesai Commissioner

A Bad Character - Deepti Kapoor Getting India Back on Track : Bibek

Debroy A Stamp is Born - C.R. Pakrashi

The God of Small Thing - Arundhati Roy Strictly Personal Manmohan Singh and
The Test of My Life - Yuvraj Singh 1st Indian woman (and also first Indian Gursharan Kaur - Daman Singh
citizen) to receive the Booker prize

The Dramatic Decade - Pranab My Journey: Transforming Dreams into

The Lowland - Jhumpa Lahiri
Mukherjee(President of India ) Actions - APG Abdul kalam
Wings of Fire ( Shortlisted for Man Booker Prize 2013 )
Turning Points

One Life is Not Enough - E. Natwar

Playing to Win - Saina Nehwal
Singh Train to Pakistan - Khushwant Singh

My Unforgettable Memories - Mamata

Banerjee Inheritance of Loss - Kiran Desai Narendra Modi : A Political Biography -
Andy Marino
An Uncertain Glory: India and its Warrior State Pakis tan in the
Contradictions - Amartya Sen My Years with Rajiv and Soniya - R D Contemporary World - TV Paul

Munger Through the Ages - Late

Davendra Prasad Yadav
India at Risk - Jaswant Singh Half a Rupee Stories - Gulzar

Upcoming Sports Events

Cricket Football
2015 Mens Cricket World Cup Australia and New Zealand 2018 FIFA World Cup Russia
2019 Mens Cricket World Cup - England and Wales 2022 FIFA World Cup Qatar
2023 Mens Cricket World Cup India 2015 FIFA U-20 World Cup New Zealand
2017 Womens Cricket World Ireland 2017 FIFA U-20 World Cup South Korea
2017 Mens ICC Test Championship England and Wales 2015 FIFA U-17 World Cup Chile
2021 Mens ICC Test Championship India 2017 FIFA U-17 World Cup India
2016 ICC Mens World Twenty20 India 2017 FIFA Confederations Cup Russia
2020 ICC Mens World Twenty20 Australia 2015 FIFA Women's World Cup Canada
2016 ICC Womens World Twenty20 India 2015 AFC Asian Cup Australia
2019 AFC Asian Cup UAE
Olympics 2015 Copa America Chile
2016 Summer Olympics & Paralympics Rio de Janeiro, 2019 Copa America Brazil
Brazil 2023 Copa America - Ecuador
2020 Summer Olympics & Paralympics Tokyo, Japan 2016 Copa America Centenarian (100 years) USA
2018 Winter Olympics & Paralympics Pyeongchang, South UEFA Euro 2016 France
Korea UEFA Euro 2020 Pan Europe
2015 Special Olympics World Summer Games Los
Angeles, USA
2014 Summer Youth Olympics Nanjing, China Hockey
2018 Summer Youth Olympics - Buenos Aires, Argentina 2018 Men's Hockey World Cup Bhubaneswar, India
2016 Winter Youth Olympics - Lillehammer, Norway 2018 Women's Hockey World Cup London, England
2016 Men's Hockey Champions Trophy Argentina
Asian_ Games 2018 Men's Hockey Champions Trophy Netherlands
2018 Asian Games Jakarta, Indonesia 2016 Women's Hockey Champions Trophy United kingdom
2017 Asian Winter Games Sapporo, Japan 2018 Women's Hockey Champions Trophy Argentina.

2018 Commonwealth Games Gold Cost, Queensland,
2022 Commonwealth Games Durban, South Africa (Yet to
be confirmed)