Tuesday, December 2, 2014

Starred Articles

Sania Mirza appointed United Nations Goodwill Ambassador
World > UN Goodwill Ambassador > Nov 26
Indian tennis star Sania Mirza has been appointed the United Nations Goodwill Ambassador for the South Asian region by UN Women at an event held to mark the “International Day to end violence against women”. Sania is the first South Asian woman to be appointed the goodwill ambassador in the organisation's history. In her capacity as the goodwill ambassador, Sania said that she will educate women about gender equality.

State Bank of India to launch Islamic Equity Fund
Bank Specific > Islamic Equity Fund > Nov 26
India’s largest lender State Bank of India has launched an Islamic equity fund on 1st December aimed mainly at attracting investments from the country's 170 million Muslims. Banking regulator SEBI has allowed the government-owned State Bank of India and three mutual funds to launch Sharia funds. A large section of the Muslim population remains outside the banking system because Islamic law (Sharia) prohibits interest. Shares of companies linked to alcohol, tobacco, gambling and casinos and financial institutions that earn interest would be excluded from the fund. India is only the second country after the UK and outside the Islamic world where a state-owned bank is offering a Sharia-compliant fund.

WTO adopts first global trade deal in its history after years of delay
World > World Trade Organization > Nov 27
The World Trade Organization (WTO) adopted the first worldwide trade reform in its history on Thursday, after 19 years of delay. As part of this trade reform, WTO will introduce new standards for customs checks and border procedures which will streamline the flow of trade around the world, adding as much as $1 trillion and 21 million jobs to the world economy. The trade deal is just a fraction of the original Doha Round of trade talks which began in 2001. There were disagreements on various aspects of the deal and ultimately the WTO decided to settle for a much smaller deal. Even that was blocked by a four-month standoff caused by India, which had vetoed adoption of the reform package on food security concerns as the original deadline passed at midnight on July 31. A compromise on wording recently reached by the U.S. and Indian governments broke the deadlock.

RBI issues final rules for payment banks and small finance banks
Bank Specific > Payment Banks And Small Finance Banks > Nov 27
The Reserve Bank of India (RBI) has issued final rules for payment banks and small finance banks that would allow mobile firms and supermarket chains, among others, to enter the banking arena to cater to individuals and small businesses. This is a new kind of niche banking being introduced by the central bank aimed at deepening financial inclusion and boosting saving habits. Those seeking to set up these two new categories of banks would need minimum Rs 100 crore of capital and fulfill the necessary 'fit and proper' criteria, among other conditions. Those interested, would need to apply before January 16 for first round of such permits. Among others, existing NBFCs and micro finance lenders would be allowed to set up small finance banks, while large public sector enterprises and big industrial houses would not be allowed to establish such banking entities. For payment banks, which would not be allowed to undertake lending activities, the state-run entities would be eligible to apply.


National Milk Day celebrated on 26th November to commemorate birth anniversary of Dr V. Kurien
India > National Milk Day > Nov 26
Major players of the Indian dairy sector decided to celebrate 26 November as National Milk Day to mark the 93rd birth anniversary of Dr. Verghese Kurien, the father of the Milk Revolution. Indian diary sector majors such as National Dairy Development Board (NDDB), Indian Dairy Association (IDA) and 22 state level milk federations including the Gujarat Co-operative Milk Marketing Federation (GCMMF) that markets brand Amul have joined hands to celebrate the day. As part of the celebrations, 200 lakh milk pouches of Amul will carry the National Milk Day's logo featuring Dr Kurien for a week across the country. On the occasion, Amul has also organized school campaigns, contests, interactions, plant visits etc. across the country.

PM Modi inaugurates India-Nepal bus service, signs more than 10 agreements
World > India-Nepal Relations > Nov 26
Prime Minister Narendra Modi inaugurated the Delhi-Kathmandu bus service and signed more than 10 agreements with Nepal on Tuesday. Modi also said that India expects Nepal to draft an all-inclusive constitution. Modi and his Nepali counterpart Sushil Koirala discussed a number of strategic issues, including defence and security for over nearly 40 minutes. The new India-Nepal motor vehicle agreement envisages regular bus services between the two countries, including allowing private vehicles to cross the border, facilitating hassle-free movement of people and promote tourism. Initially, bus services will work on three routes: Kathmandu-New Delhi, Kathmandu-Varanasi and Pokhara-New Delhi. The two countries also finalized the $1 billion line of credit announced during the PM's visit to Kathmandu in August. This will be utilized for hydropower, irrigation and infrastructural development projects. India will also help to build a police training academy in Nepal to train over 400 police officers annually. Currently, India trains 350 Nepali police officers every year. Agreements were also signed on traditional medicine, tourism and youth affairs and marketing of tourist destinations, which may be complementary. Indians travelling to Nepal will now be able to use Indian currency notes of Rs 500 and 1000 denominations. At present, only Rs 100 denomination notes are allowed for Indian visitors, which hamper tourists and remittances alike.

Assam NGO wins 2014 United Nations Lighthouse Activities award
Awards > United Nations Lighthouse Activities Award > Nov 26
Aaranyak, an Assam-based NGO working for the conservation of nature and a Kathmandu-based International Centre for Integrated Mountain Development (ICIMOD) have won the United Nations Lighthouse Activities award for the year 2014. They won the award under the focus area of information and communication technology (ICT) solutions. They won the award for the community-based flood early warning system that has benefited 40 villages and more than 20000 people living in flood-prone areas.

Sixth anniversary of 26/11 attack
India > 26/11 > Nov 26
India marked the sixth anniversary of the deadly terrorist attack on Mumbai on 26th November, 2008.
During his speech at SARRC Summit, Prime Minister Narendra Modi also remembered 26/11 attack victims and requested the SARRC countries to work and combat terrorism together.
The 26/11 attacks of Mumbai lasted for four days, where a series of coordinated shooting attacks and bombings carried out by the Pakistani terror outfit, Lashker-e-Taiba killed 166 people and injured 304.

Boxer Manoj Kumar receives Arjuna award
Sports > Awards > Nov 26
Manoj Kumar the boxer who won a gold medal at the commonwealth games was awarded with the Arjuna award on Wednesday. The announcement came as a pleasant surprise for the boxer as he was earlier snubbed for the honour in favour of a boxer who had won the bronze at the event.

The president of India writes a book on the emergency era
Books > Politics > Nov 26
A book titled The Dramatic Decade: The Indira Gandhi Years has been written by the president of India Pranab Mukherjee. The book is the first instalment of a trilogy and covers the dramatic decade of 1970, which witnessed a war, economic reforms and mainly the controversial emergency imposed by the Indira Gandhi government. The next two books will cover the period between 1981-88 and 1988-2012 respectively.

25 year old Australian cricketer Phillip Hughes passes away
Sports > Cricket > Nov 27
2 days after Australian batsman Phillip Hughes was struck on the head by a cricket ball, he died in a hospital in Sydney. The mishap occurred in a domestic match between South Australia and New South Wales. He was struck by a bouncer from New South Wales pacer Sean Abott. The incident has come as a big shock to the entire cricketing fraternity.

Black Tornado: The Three Sieges - a book about 26/11 Mumbai attacks released
Books > 26/11 > Nov 28
A book titled “Black Tornado: The Three Sieges”, written by Sandeep Unnithan, was released on the 23rd of November. The book gives a detailed account of the 26/11 terrorist attacks in Mumbai and how the attack was thwarted due to the efforts of Indian security forces, mainly the National Security Guard (NSG).

Biography on underworld gangster Abu Salem released
Books > My Name Is Abu Salem > Nov 27
My name is Abu Salem - a biography on underworld gangster Abu Salem written by S Hussain Zaidi and published by Penguin has been released. Zaidi, a former journalist considered a veteran on the Mumbai Underworld, has tried to present complete unknown details and first accounts of the gangster.

Earth's most abundant mineral named Bridgmanite
World > Bridgmanite > Nov 29
The most abundant mineral on earth that has remained nameless until now will be called Bridgmanite. After a team of American geologists were able to extract a sample large enough to analyze from a meteorite, Bridgmanite was named officially. Bridgmanite makes up about 70 per cent of the earth's lower mantle and 38 percent of the total volume of earth. It is made up of high-density magnesium iron silicate. The new name is in honour of Percy Bridgman, a pioneer in the use of high pressure experiments to better understand how many geological formations come about.

First bio-waste powered bus becomes operational in the UK
World > Bio-Waste Powered Bus > Nov 30
A bus powered entirely by human and food waste has become operational in the United Kingdom. Initially the bus has started services between Bristol and Bath. The 40-seater Bio-Bus, which runs on gas generated through the treatment of sewage and food waste that’s unfit for human consumption, helps to improve urban air quality as it produces fewer emissions than traditional diesel engines. The Bio-Bus can travel up to 300km on a full tank of gas, which takes the annual waste of around five people to produce. The gas is generated at Bristol sewage treatment works — a plant run by the company GENeco, which claims to be the first company to produce enough bio-methane from human and food waste to provide a significant supply of gas to the UK national gas network.

UAE captain Khurram Khan becomes oldest player to score a ODI century
Sports > Oldest Player To Score Century > Nov 30
United Arab Emirates (UAE) captain Khurram Khan became the oldest player to score a century in One-Day Internationals (ODIs). He scored the winning century (132 unbeaten) against Afghanistan in Dubai on 30 November 2014. Khurram achieved the feat at an age of 43 years and 162 days thus breaking the record held in the name of Sanath Jayasuriya of Sri Lanka. Jayasuriya scored 107 against India in 2009 when he was 39 years old.


Post a Comment