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Atletico
de Kolkata wins first edition of Indian Super League
Sports
> Football >20th Dec
Atletico de Kolkata
beat Kerala Blasters 1-0 to win the inaugural edition of the Indian
Super League (ISL) football tournament. Although Kerala had more
chances on goal than Kolkata, both teams remained goalless for more
than 90 minutes. A header by Kolkata’s Mohammad Rafique in the 94rd
minute helped Kolkata lift the cup.
Indian
men’s and women’s hockey teams win Kabaddi World Cup
Sports
> Kabaddi > 20th Dec
The Indian men’s
hockey team continued their winning streak by clinching the fifth
Kabaddi World Cup title defeating Pakistan 45-42 for the fourth time.
The Indian women’s hockey team also won their fourth consecutive
title beating New Zealand 36-27 for the second time in a row. Both
teams in the men and women sections had clashed during the finals of
Fourth Kabaddi World Cup at Ludhiana last year and in both the
matches, India had emerged victorious.
PDP
emerges largest party in J&K polls, BJP follows close; in
Jharkhand BJP wins majority
Politics
and Government > J&K
and Jharkhand assembly polls > 23rd Dec
The regional People's
Democratic Party (PDP) emerged as the largest party in Jammu &
Kashmir winning 28 seats in the 87-member assembly. The Bharatiya
Janata Party (BJP) once again underlined its popularity among the
electorate with strong performances in the Jammu & Kashmir and
Jharkhand assembly elections. The BJP won 25 of 87 seats in Kashmir,
its best performance ever in the Muslim-majority state, but fell
short of a simple majority to form the government. Outgoing Prime
Minister Omar Abdullah’s National Conference party won 15 seats.
In Jharkhand, the BJP
is all set to form a majority government as it has won 43 seats, more
than the 41 needed to form a majority government in the 81-member
Jharkhand assembly. The ruling Jharkhand Mukti Morcha (JMM) has
improved its performance winning 20 seats. The Congress has only
managed to win 6 seats.
Others
Jagran
Prakashan buys FM channel Radio City’s parent company from India
Value Fund Advisors for Rs. 350-400 crore
Corporate
> FM
Channel Radio City – Jagran Prakashan >20th Dec
India Value Fund
Advisors, India's biggest homegrown private equity fund, has sold its
entire stake in Music Broadcast Pvt. Ltd., the company that owns FM
radio channel Radio City to the Jagran Prakashan Group for Rs 350-400
crore. India Value had brought Music Broadcast Pvt. Ltd. from the
Star Group in 2007 for Rs. 75-80 crore and has made at least four
times returns on investments by selling it. Radio City, one of the
leading FM players in India, operates in 20 cities including major
metros such as Mumbai, Bengaluru, Chennai and Delhi. Jagran
Prakashan, publisher of Hindi daily Dainik Jagran, is one of the
largest regional media houses in India.
RBI
imposes fines on ICICI Bank and Bank of Baroda for violating KYC
norms
Bank
specific > Penalties
on banks >20th Dec
The Reserve Bank of
India has imposed penalties on ICICI Bank and Bank of Baroda for
violating 'Know Your Customer' (KYC) as well as anti-money-laundering
norms (ALM). ICICI Bank was fined Rs 50 lakh and BoB Rs 25 lakh. RBI
also cautioned State Bank of India, Axis Bank and State Bank of
Patiala that they should review and comply with KYC norms.
Minorities
Rights Day observed throughout the world on 18th December
World
> Others >20th Dec
18th
December was observed as the World Minorities Day throughout the
world in order to create awareness about the rights of minorities. On
this day, various NGOs and organisations keep a tab on the recent
developments and events pertaining to minority rights in India and
the world over. The National Commission of Minorities is the body
which observes the day in India.
On
the aforementioned date in 1992, the United Nations promulgated the
Declaration on the Rights of Persons belonging to National or Ethnic,
Religious and Linguistic Minorities, to strengthen the cause of the
minorities.
ISRO
successfully launches its heaviest rocket – GSLV Mark III
India
> ISRO >21th Dec
The
Indian Space Research Organisation (ISRO) exhibited its growing
expertise yet again when it launched the Geostationary Launch Vehicle
(GSLV) Mark III at the Satish Dhawan Space Centre in Tamil Nadu on
Thursday, 18th
December, 2014. ISRO aims to put 4 tonne class satellites into the
geostationary orbit through the vehicle. The vehicle has been under
development from the past ten years, and its path through the
atmosphere was a critical aspect during the launch. The GSLV can help
the government in saving a lot of foreign reserve as heavy
communication satellites are launched with the help of foreign space
agencies, the government can also earn foreign exchange by helping
other countries launch their satellites.
Rajinder
Khanna and Prakash Mishra appointed as RAW and CRPF chiefs
respectively
India
> Others >21th Dec
The
NDA government on Tuesday appointed Rajinder Khanna as the new chief
of India's secret agency, Research & Analysis Wing (RAW) and
Prakash Mishra as the Director General of the Central Reserve Police
Force (CRPF). The appointments were made by a cabinet committee
headed by PM Narendra Modi. The appointments committee cleared
Khanna, a 1978 batch RAS cadre, for the post of RAW chief for a
period of two years from 31 December and Mishra, a 1977-batch IPS
officer from Odisha cadre, was made chief of CRPF.
SpiceJet
resumes operations
India
> Aviation >23rd Dec
Budget
carrier SpiceJet, the operations of which were hit due to non-payment
of dues to oil companies and regulatory issues regained normalcy in
operations on Sunday, 21st
of December. The airline had already operated 124 flights by Sunday
afternoon and was due to operate its full quota of 230 flights by the
end of the day.
In
the second week of December the debt ridden airline was struggling to
deal with a sudden cut in jet fuel supply by oil companies. Many of
its flights were cancelled or delayed, which resulted in an 8% drop
in the company shares.
India's
Shiva Kesavan wins silver medal at the Asian Luge Championship
India
> Sports >23rd Dec
Indian
luge player Shiva Kesavan bagged a silver medal at the Asian Luge
Championship in Nagano, Japan. He clocked 49.934 seconds to cover the
1326 metre long ice track in the men's luge competition at the Spiral
Olympic Sliding Centre. The gold was won by Japan's Hidenari Kanayama
who won 49.791. The 33 year old Indian athlete failed to capitalise
on his fabulous start of 3.191 seconds, which also happens to be an
Asian start record.
Government
introduces code to stop medical companies from gifting freebies to
doctors
India
> Unethical
marketing of medicines >23rd Dec
Concerned with the
rising unethical marketing practices and prescription drug promotions
by medical companies, the government has introduced a uniform code of
conduct for the pharmaceutical industry. The code bans gifts,
freebies, hospitality, medical samples and grants from pharmaceutical
firms or their agents to doctors. The code will be voluntary to start
with and will be effective from 1st January. It will be
reviewed after six months and if the government finds that the code
has not been implemented "effectively", the government will
"consider"' making it mandatory. There already exists a
self-regulatory code in the industry which bans unethical sales
promotion and marketing expenses. However, industry experts say that
such a code exists only on paper as industry experts try to influence
prescriptions through several ways.
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