Thursday, April 30, 2015

Current Affairs Update – 30th April, 2015

Hello and welcome to ExamPundit. Here are the Important Current Affairs of 30th April, 2015.


Finance/Banking –

Core sector growth drops to 15-month low of 0.1% in March


  • Eight core industries registered a negative growth of 0.1 per cent in March, the lowest performance in 15 months, due to a steep decline in production of steel, cement and refinery products.
  • The output had expanded by 4 per cent in March 2014. The previous low logged by the core industries was in October 2013 at (-) 0.6 per cent.
  • The growth of eight core industries - coal, crude oil, natural gas, refinery products, fertiliser, electricity, steel and cement - was 1.4 per cent in February 2015.
  • For the full 2014-15 fiscal, the production growth of eight sectors also slowed down to 3.5 per cent, from 4.2 per cent in previous financial year ended in March, 2014.
  • The eight sectors contribute 38 per cent to the overall industrial production, a parameter that the Reserve Bank takes into account while framing its monetary policy.
  • In March 2015, production of steel declined by 4.4 per cent and of cement by 4.2 per cent. Refinery products’ output contracted 1.3 per cent while natural gas by 1.5 per cent, according to the data released by the Commerce and Industry Ministry.
  • However, coal production rose by 6 per cent, crude oil by 1.7 per cent and fertiliser output by 5.2 per cent in the last month of 2014-15 fiscal.
  • Electricity generation grew by 1.7 per cent in March 2015 compared to 5.4 per cent in the same month last year.



PM to Launch Insurance, Pension Schemes on May 9

  • Prime Minister Narendra Modi will launch the flagship social security schemes, including Rs 2 lakh accident cover at a premium of just Re 1 per month, in Kolkata on May 9.
  • These schemes, to be launched by Modi, are aimed at providing affordable universal access to essential social security protection in a convenient manner linked to auto-debit facility from the bank account of a subscriber, a Finance Ministry statement said.
  • These schemes were announced in the Budget by Finance Minister Arun Jaitley on February 28.
  • The two insurance schemes -- Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) -- would provide insurance cover in the unfortunate event of death by any cause, death or disability due to an accident, whereas the pension scheme -- Atal Pension Yojana (APY) - would address old age income security needs, it said.
  • The convenient delivery mechanism of the schemes is expected to address the situation of very low coverage of life or accident insurance and old age income security products in the country.



India, Japan sign action plan to double investments in 5-years


  • India and Japan today signed an action plan that will see doubling of Japanese investments into Indian companies in the next five years and boost two-way trade.
  • The agenda, India-Japan investment and trade promotion and Asia-Pacific economic integration, was signed between minister of state (independent charge) for commerce and industry Nirmala Sitharaman and Japan's minister for economy, trade and industry Yoichi Miyazawa, here today.
  • The action plan was categorised into five broad areas - development of selected townships in India as Japanese industrial townships, promotion of investment and infrastructure development, further development and cooperation in information technology, enhancing cooperation in strategic sectors and Asia-Pacific economic integration.
  • According to Sitharaman, the agenda was in line with PM's Make in India plan that will further investments from Japan into the country's manufacturing sector.
  • Last year, the Department of Industrial Policy and Promotion under the ministry of commerce and industry had set up a mechanism to fast-track Japanese investments named 'Japan Plus.'
  • Under the Tokyo Declaration for Japan-India Special Strategic and Global Partnership, Modi and Abe have set a target of doubling Japanese FDI and the number of Japanese firms in India by 2019.



Govt withdraws PDMA, RBI Bill provisions from Finance Bill


  • Finance Minister Arun Jaitley, on Thursday, withdrew the clauses from the Finance Bill pertaining to setting up of the proposed Public Debt Management Agency (PDMA) and the amendments to the Reserve Bank of India Act which would have taken away Mint Road's powers to regulate government securities.
  • The minister said however that the government, in consultation with the Reserve Bank, will prepare a roadmap to pursue a separate debt management agency later in line with the global practice.
  • The House is expected to approve the Bill later in the day, giving effect to the tax proposals.
  • Sources said that the entire chapter on PDMA (Chapter VII) in the Finance Bill is being dropped, in addition to the changes proposed in sections 45U and 45W of the RBI Act. There will also be no changes in the RBI Act as of now.
  • While section 45U deals with definitions of terms such as securities, money market instruments, derivatives, repo and reverse repo, section 45W deals with RBI's power to regulate such instruments and decide on repurchase rates for them.
  • The continuation of RBI as a debt manager of the government limits the liquidity and fragments the functioning of bond market, he said, adding that the existing structure also creates a conflict of interest as the RBI has to perform the twin role of controlling inflation and keeping the cost of government borrowing low.



Robosoft develops ICICI Bank app for Apple Watch


  • The Udupi-based Robosoft Technologies, a mobility solutions partner, has developed a proprietary banking solution for the Apple Watch. Robosoft partnered with ICICI Bank to integrate with this solution thereby creating one of India’s premiere banking apps for the Apple Watch.
  • The proprietary solution on the Apple Watch can help banks offer banking solutions on the device within two weeks as it integrates easily with their back-end systems.
  • The ICICI Bank app for the Apple Watch seamlessly connects a user’s device with his or her ICICI Bank account. The app integrates with ICICI’s existing back-end systems and has features specific to the minimal Apple Watch interface.



Rajya Sabha passed Regional Rural Banks (Amendment) Bill, 2014

  • Rajya Sabha on 28 April 2015 passed the Regional Rural Banks (Amendment) Bill, 2014. With this, the bill has been passed by both houses of the Parliament. It was passed by the Lok Sabha on 18 December 2014.
  • The Regional Rural Banks (Amendment) Bill, 2014 that seeks to amend the Regional Rural Banks (RRB) Act, 1976 was introduced by the Union Minister of Finance, Arun Jaitley.

Main highlights of the Bill
  • It seeks to amend the RRB Act, 1976 which mainly provides for the incorporation, regulation and winding up of Regional Rural Banks (RRBs).
  • It removes the five year limit cap that was put on the sponsor banks to assist the upcoming RRBs under the RRB Act, 1976. As per the Act, sponsor banks were liable to train personnel and provide managerial and financial assistance for the first five years.
  • It raises the amount of authorized capital to 2000 crore rupees and it is not to be reduced below one crore rupees. In the 1976 Act the authorised capital of each RRB was five crore rupees which was not permitted to be reduced below 25 lakh rupees.
  • It allows Union government to specify that the capital issued by a RRB should be at least one crore rupees. Under the Act, a RRB was to issue capital between 25 lakh rupees and one crore rupees.
  • The bill allows RRBs to raise their capital from sources other than the central and state governments, and sponsor banks as was mandated under the RRB Act. As per the Act, 50% of capital issued was held by Union government, 15% by concerned state government and 35% by the sponsor banks.



India –

NRSC, DoLR signed MoU for development of Web Geo Portal Shrishti and Mobile App Drishti

  • The Department of Space and Department of Land Resources (DoLR) on 29 April 2015 signed a MoU with National Remote Sensing Centre (NRSC) for the development of Web Geo Portal Shrishti and Mobile App Drishti for monitoring the IWMP watersheds.
  • The MoU was signed by Sandeep Dave, Joint Secretary of DoLR and VK Dadhwal, Director of NRSC. The Department of Land Resources (DoLR) works under Union Ministry of Rural Development while National Remote Sensing Centre (NRSC) works under Indian Space Research Organisation (ISRO).
  • As per the MoU, the NRSC, ISRO in partnership with DoLR will design and develop the required technological interventions for monitoring and evaluation of Integrated Watershed Management Programme (IWMP) watersheds through the Bhuvan Geo-Web portal - Shrishti.
  • The Mobile Application Drishti will integrate field level activities and their monitoring with Bhuvan portal.



Mamata Banerjee declares Nadia first 'open defecation-free' district in India


  • West Bengal Chief Minister Mamata Banerjee on Thursday declared Nadia as the first Open Defecation Free (ODF) district in the country.
  • Thanking UNICEF and the World Bank for helping the district achieve this feat, Ms. Banerjee declared April 30 as the “Nirmal Bangla Diwas” to be observed in the years to come.
  • UNICEF India representative David Mcloughlin congratulated the people of the district for achieving the goal and said, “It’s a commendable job done by you people. It shows that ODF is absolutely achievable. Your achievement will inspire others to make their places ODF.”



India Ranks 13th in Generating Power From Nuclear Source

  • India stands at the 13th place world-wide in generating electricity from nuclear source and expects to increase the installed nuclear power capacity from 5,780 MW to 10,080 MW by 2019, government today said.
  • According to the data published in 2014 by Power Reactor Information System of International Atomic Energy Agency, "India ranked 13th position in terms of generation. However, it stood at 7th position in terms of number of reactors in operation country-wise globally," Minister of State in the PMO Jitendra Singh said in a written reply in Rajya Sabha.
  • Noting that the government has accorded sanctions for two more projects with a total capacity of 3,400 MW, he said, "More nuclear power projects based on indigenous technologies and with international cooperation are planned in future."
  • Singh said the total requirement of nuclear fuel over the next five years is estimated to be about 5,940 tons of natural uranium.



Awards & Honors –

Ananda Kumar, Pramod Patil won Whitley Awards for wildlife conservation


  • Two Indians namely Dr Ananda Kumar and Dr Pramod Patil on 29 April 2015 won the prestigious Whitley Awards (also known as Green Oscar) for their contribution to wildlife conservation.
  • The awards were presented at a ceremony in Royal Geographical Society, London. The winners of the award received a Whitley prize worth 35000 pound.
  • Kumar was honoured for his work of using innovative communication systems to enable human-elephant co-existence in Southern India. Patil, on the other hand, was honoured for his work to protect the iconic great Indian bustard in the Thar Desert, Rajasthan.



Indian-American Tejal K Gandhi Among Top 25 Women in US Healthcare


  • An Indian-American Harvard Professor has been named as one of the Top 25 Women in Healthcare in the US by Modern Healthcare magazine.
  • Tejal K Gandhi, president and chief executive officer of the National Patient Safety Foundation (NPSF) has been named as one of the country's Top 25 Women in Healthcare in the sixth biennial list of women leaders compiled by the magazine.
  • Gandhi was one of 200 women nominated for the list through an open call for nominations last December. The list was published in the April issue of the magazine.
  • A review board composed of senior editors of Modern Healthcare selected the finalists by judging the candidates on a broad range of criteria, including their willingness to share their expertise with others in the field, to serve as role models or mentors to others, and their ability and power to effect change.
  • Gandhi also holds an appointment as associate professor of medicine at Harvard Medical School.
  • This is the first time she has appeared on the Top 25 Women in Healthcare list.
  • Earlier this year, she was included in Modern Healthcare's list of 50 Most Influential Physician Executives and Leaders.


Days –

International Jazz Day being celebrated on 30 April


  • The 2015 International Jazz Day celebration will take place Paris, France, which has been designated the 2015 Global Host City.
  • France is often recognized as the second birthplace of jazz after the United States, and since World War I, Paris has been one of the main centers for the creation and diffusion of jazz worldwide. Thanks to the energy of knowledgeable jazz fans and supporters, the music has not only been listened to and followed, but also analyzed and preserved for its artistic value.
  • The presence of American musicians influenced the development of multiple generations of French jazz musicians, who in turn enriched the genre with their own contributions.
  • International Jazz Day celebrates the historical, cultural, and educational contribution of this popular genre of music. The day aims to spread international awareness about this unique musical style; and to promote the cultural, and social values that Jazz stands for.




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Data Interpretation Quiz 2015 - Set 12


Hello and welcome to ExamPundit. Here is a set of Data Interpretation Quiz.



Statewise Details of Adult Population of a Country

Pie Chart 1: Graduate and Above 24 Lakhs

Pie Chart 2: Upto Std. XII pass 32 Lakhs




                               Male : Female Ratio

State
Graduate and Above
Std. XII Pass


A
B
C
D
E
F
Male : Female
Male : Female
7 : 5
5 : 3
5 : 4
9 : 8
9 : 7
4 : 3
7 : 9
3 : 5
4 : 5
5 : 7
9 : 10
3 : 2

1. What is the difference between Graduate male population and XII Std. male population from State A?
(a) 24000
(b) 14000
(c) 28000
(d) 36000
(e) None of these




2. What is the ratio between Graduate female population of State E and Std. XII female population of State D respectively?
(a) 7 : 5
(b) 5 : 7
(c) 16 : 15
(d) 15 : 16
(e) None of these




3. Graduate female population of State C is what percent of the Sid. XII female population of that State?
(a) 40
(b) 62.5
(c) 50
(d) 52.5
(e) None of these




4. Class XII male population of State C is what percent of the total Std. XII population of all the states together?
(a) 8%
(b) 12%
(c) 11%
(d) 9%
(e) None of these




5. What is the ratio between Graduate male population of State E and Std. XII female population of that State respectively?
(a) 28:35
(b) 35 : 28
(c) 32:45
(d) 45 : 32
(e) None of these




6. Total graduate population of State F is what percent of the total Std. XII population of State A?
(a) 56
(b) 72
(c) 68
(d) 76
(e) None of them




7. Std. XII male population of State E is what percent of the Std. XII male population of Slate F?
(a) 70
(b) 75
(c) 68
(d) 72
(e) None of these




8. What is the ratio between total Graduate and Std. XII male population of State A and total Graduate and Std. XII female population of that State respectively?
(a) 215 : 216
(b) 214 : 215
(c) 217 : 215
(d) 215 : 217
(e) None of these




9. What is the ratio between total Graduate population of State D and total Std. XII population of that Stale respectively?
(a) 17 : 16
(b) 16 : 17
(c) 64 : 51
(d) 51 : 64
(e) None of these




10. Graduate female population of State B is what percent of the Graduate female population of Stale E? (Rounded off to nearest integer)
(a) 129
(b) 82
(c) 77
(d) 107
(e) None of these



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SBI PO 2015-16 - Last Date of Apply Changed


Hello and welcome to ExamPundit. SBI has changed the Last date of Apply to 7th May, 2015.

Kindly visit their website :: here :: to view the notice.

Make sure you save your necessary documents in Drive.Google.Com

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Largest Production by Countries 2015 - PDF


Hello and welcome to ExamPundit. Here is a Important PDF containing Largest Producing countries list of various items. From Silk, Cotton, Wool to Oil, Diamond, Gold every important thing.

These are the questions usually coming in the banking and insurance exams in 2015.

:: Download PDF ::



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Quantitative Aptitude Quiz 2015 - Set 5


Hello and welcome to ExamPundit. Here is a set of Quantitative Aptitude quiz.


1. An error of 3% in excess is made while measuring the side of a square, what is the percentage of error in the calculated area of the square ?
(a) 9%
(b) 9.09%
(c) 6.09%
(d) 6.00%
(e) 5.09%


2. A door, when repaired, lost 15% of its length and 12% of its breadth. What is the percentage of decrease in area ?
(a) 25%
(b) 25.2%
(c) 27%
(d) 27.8%
(e) 13.5%



3. The breadth of a rectangular field is 45% of its length. If the perimeter of the field is 1160m, find out the area of the field?
(a) 66500m2
(b) 64000m2
(c) 72000m2
(d) 84000m2
(e) 96500m2



4. A room 8m. 40cm. long and 4m. 8cm. broad needs to be paved with square tiles, what will be the least number of square tiles required to cover the floor ?
(a) 384
(b) 595
(c) 604
(d) 712
(e) 800



5. The ratio between the length and the breadth of a rectangular field is 5:3. If a man cycling along boundary of the field at the speed of 15 km/hr. completes one round in 9.6 minutes, then what is the area of the field in m2 ?
(a) 244000 m2
(b) 275500 m2
(c) 327500 m2
(d) 337500 m2
(e) 375000 m2



6. An article was sold for certain price and there was a gain of 50%. If it would have been sold for Rs80 Less, there would be neither gain nor loss. Find the C.P.?
(a) Rs 100
(b) Rs 130
(c) Rs 160
(d) Rs 150
(e) Can't be determined



7. A man is walking around a rectangular park at a speed of 7 km/h. and completes one round in 20 minute. What is the perimeter of the park?(Approximately)
(a) 110 km.
(b) 140 m.
(c) 2.33 km.
(d) 1.35 km.
(e) Data Insufficient



8. In how may ways 'RECEPTION' can be written so that vowel and consonant come alternately?
(a) 120
(b) 60
(c) 420
(d) 1400
(e) 2880



9. The perimeter of the square is same that of a rectangle. If side of square is 14 m, what is the length of rectangle?
(a) 14 m.
(b) 28 m.
(c) 7 m.
(d) 14 cm.
(e) Can 't be determined


10. The radius of a circular garden is 13 m. there is a path 2 m. wide outside it. Find the area of the path outside-
(a) 707 m2
(b) 531 m2
(c) 100 m2
(d) 176 m2
(e) 150 m2



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English Quiz - April, 2015 - Set 10


Hello and welcome to ExamPundit. Here is a set of Sentence Rearrangements.


Rearrange the following six sentences (A), (B), (C), (D), (E) and (F) in the proper sequence to form a meaningful paragraph and then answer the questions given below.
(A) The ultimate goals of a bank are to increase its market share, become more diversified, reduce the risk of entering a new business and redefine the competitive edge through acquiring different streams of business.
(B) The strategic factors for existing banks competing with private and international players would be the size, quality of service and low-cost finance by achieving ‘critical mass’.
(C) Consolidation will provide banks with new capabilities, technologies and products, help to overcome entry barriers, ensure immediate entry into new markets and lower operating costs through consolidation of resources.
(D) In the liberalised era, banks in India will have to be competitive in order to face the challenges and leverage the opportunities.
(E) Consolidation may also take place through strategic alliance or partnerships covering specific areas of business such as small-to medium-sized enterprise (SME) lending, credit cards and insurance.
(F) In contrast to the earlier experience of mergers being initiated by the regulator to protect the interest of depositors of weak banks, the trend of market-led mergers between private banks and private banks with public sector banks may gain momentum.


1. Which of the following should be the FIRST sentence after rearrangement?
(a) C
(b) D
(c) E
(d) F
(e) A




2. Which of the following should be the SECOND sentence after rearrangement?
(a) B
(b) C
(c) D
(d) A
(e) E




3. Which of the following should be the THIRD sentence after rearrangement?
(a) C
(b) F
(c) A
(d) B
(e) D




4. Which of the following should be the FOURTH sentence after rearrangement?
(a) F
(b) A
(c) C
(d) E
(e) B




5. Which of the following should be the SIXTH (LAST) sentence after rearrangement?
(a) A
(b) B
(c) E
(d) C
(e) F


Solutions :

DACBFE


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Reasoning Quiz - April, 2015 - Set 14


Hello and welcome to ExamPundit. Here is a set of Reasoning Quiz with Mixed problems.



Directions (Q. 1-5) : Read the following information carefully and answer the following questions:
1. Which of the following symbols should replace the question mark (?) in the given expression in order to make the expressions A ≤ C as well as E > A definitely true?
A ≤ B ? C < D = E
(a) <
(b) =
(c) >
(d) ≥
(e) None of these




2. Which of the following expressions will be true if the expression A > B = C < D = E ≤ F = G is definitely true?
(a) F > B
(b) B = D
(c) E ≥ A
(d) C ≥ D
(e) None of these



3. Which of the following symbols should be placed in the blank spaces respectively (in the same order from left to right) to complete the given expression in such a manner that the expressions Z ≤ X and Y < W are definitely true?
W_X_V_Y_Z
(a) =, >, =, >
(b) >, =, =, ≥
(c) ≤, <, =, ≤
(d) >, ≥, <, =
(e) None of these



4. Which of the following expressions will be false if the expression P ≥ Q > R = S ≤ T < U is definitely true?
(a) P > R
(b) U > S
(c) S ≤ U
(d) R < U
(e) None of these



5. Which of the following letters should be placed in the blank spaces respectively (in the same order from left to right) to complete the given expression in such a manner that makes the expression L > N definitely false?
_ ≤ _ < _ > _
(a) N, M, L, O
(b) M, N, L, O
(c) O, M, L, N
(d) L, M, N, O
(e) None of these




(6-10) In a certain code language ‘market retail price’ is written as ‘cut nut but’, ‘gross domestic price’ is written as ‘nut hut kat’, ‘market wholesale price’ is written as ‘sat nut cut’, and ‘net gross demand’ is written as ‘hut put vat’.



6. What is the code for ‘market’ in the given code language?
(a) cut
(b) but
(c) sat
(d) nut
(e) None of these



7. What is the code for ‘wholesale’ in the given code language?
(a) hut
(b) sat
(c) nut
(d) kat
(e) None of these




8. What may be the possible code for ‘gross demand market’?
(a) cut but sat
(b) hut put cut
(c) vat sat hut
(d) Can’t be determined
(e) None of these




9. What may be the possible code for ‘net price demand’ is the given code language?
(a) put vat hut
(b) nut put sat
(c) vat put nut
(d) Can’t be determined
(e) None of these




10. What does ‘put’ stand for?
(a) wholesale
(b) price
(c) net
(d) Can’t be determined
(e) None of these



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Wednesday, April 29, 2015

Current Affairs Update – 29th April, 2015

Hello and welcome to ExamPundit. Here are the Important Current Affairs for 29th April, 2015.

Finance/Banking/Insurance –

IRDA launches motor insurance awareness campaign


  • The Insurance Regulatory and Development Authority of India (IRDAI) has launched an awareness campaign on motor third-party insurance jointly with Cyberabad Police.
  • Speaking at the launch of the campaign here on Wednesday, R Raghavan, Chief Executive Officer, Insurance Information Bureau (IIB), an arm of the insurance regulator, said 55 per cent of the vehicles plying on the roads in the country did not have the mandatory motor third-party insurance.
  • In number terms, this would translate into seven crore vehicles! ``India ranks among the top five countries in the world in the number of accidents which makes insurance vital. Today is just a beginning. We will roll out a national campaign soon,’’ he added.
  • Lack of the third-party insurance will not only lead to severe social security perils for the victims but also losses to the insurers, he added.
  • Lack of third-party insurance will attract a Rs. 1,000 fine or three months’ imprisonment or both in line with the Motor Vehicles Act.



Govt approves Rs. 1,000 minimum monthly pension through EPFO

  • Government on Wednesday decided to continue its Rs 1,000 per minimum monthly pension scheme in perpetuity, a move which would benefit over 20 lakh pensioners under social security scheme run by EPFO. The scheme was initially effective only till last month.
  • “The Union Cabinet, chaired by Prime Minister Narendra Modi, today gave its approval for continuation of the minimum pension of Rs 1,000 per month to the pensioners of Employees’ Pension Scheme, 1995 (EPS) beyond 2014-15 on perpetual basis.
  • Currently, it is effective only up to March, 2015,” an official press release said.
  • Retirement fund body EPFO had suspended the Rs 1,000 minimum monthly pension scheme from April 1.
  • The Employees’ Provident Fund Organisation (EPFO) had to suspend the scheme in the absence of any direction from the government to continue with this benefit beyond March 31.
  • The scheme was launched with effect from September 2014, hiking the pension amount to a flat Rs 1,000 per month for those who were getting lower amount earlier.
  • The Cabinet also approved corresponding grant of continuous annual budgetary support for implementing the minimum pension, which will be to the tune of Rs 850 crore per year on a tapering basis.



Bajaj Allianz Eases Insurance Claim Norms for Quake Victims

  • Bajaj Allianz Life Insurance today said it has simplified its claim settlement norms for the victims of devastating earthquake in Nepal and northern and eastern parts of India.
  • "In the massive earthquake in Nepal, Indian states of Uttar Pradesh, Bihar, West Bengal, Assam, Sikkim, Delhi, NCR, Uttarakhand, Rajasthan and Jharkhand many lost their near and dear ones and some are still missing," a company release said.
  • Considering the situation, Bajaj Allianz Life Insurance has reduced the documentation for claim applications for the earthquake victims.
  • While the requirement for documents has been already minimised, procedure for investigation conducted by the insurer may be waived if prima-facie documents establish the life assured's death is due to earthquake, it added.
  • The company would make the best efforts to settle a majority of the claims coming out of this natural disaster within 72 hours.



KYC norms breach: RBI imposes fine on three banks


  • Bank of Maharashtra, Dena Bank and Oriental Bank of Commerce have been imposed with a monetary penalty of Rs. 15 crore each by the Reserve Bank of India (RBI) for violation of Know Your Customer (KYC)/ Anti Money Laundering (AML) norms.
  • “Failure on the part of these banks to take timely remedial measures had aggravated the seriousness of the contraventions and its impact,” RBI said in a release.
  • The RBI also cautioned eight other banks -- Central Bank of India, Bank of India, Punjab and Sind Bank, Punjab National Bank, State Bank of Bikaner & Jaipur, UCO Bank, Union Bank of India and Vijaya Bank – “to put in place appropriate measures and review them from time to time to ensure strict compliance of KYC requirements in future.
  • RBI said it received a complaint from a private organisation, on the basis of which a scrutiny of fixed accounts opened in its name in Mumbai based branches of certain public sector banks was undertaken in July 2014.



ED freezes over Rs. 9,000 cr worth property in 2014-15


  • In a major action against black money hoarders and money launderers, the Enforcement Directorate (ED) has attached assets to the tune of Rs. 9,003 crore and filed 173 chargesheets in the financial year 2014-15.
  • The agency, as part of its efforts to crack down on illicit funds in India and abroad, in the last year registered a mammoth 400 per cent rise in the numbers of assets attached, over 500 per cent increase in the number of criminal FIRs lodged, over 600 per cent more numbers of arrests made of people suspected to be involved in laundering crimes and more than 200 per cent jump in the filing of prosecution complaints or charge sheets as compared to the 2013-14 fiscal.
  • The agency which probes financial crimes under two prime laws of the Prevention of Money Laundering Act (PMLA) and the Foreign Exchange Management Act (FEMA) along with some old cases pending under the repealed Foreign Exchange Regulation Act (FERA) has broken all records of lodging complaints and prosecuting the accused of financial frauds, hawala and money laundering.



India –

Cabinet paves way for moving amendments in Prevention of Corruption Act

  • The Union Cabinet has approved official amendments in the Prevention of Corruption Act to help the bureaucracy take faster decisions besides making more stringent provisions against corrupt persons. The bill to amend the act is currently pending in the Rajya Sabha.
  • The amendments, as approved by the Cabinet on Wednesday, prescribe extending the protection of prior sanction for prosecution to public servants who cease to hold office due to retirement, resignation, etc. Further, prior sanction for inquiry and investigation shall be required from the Lokpal or Lokayukta, as the case may be, for investigation of offences relatable to recommendations made or decisions taken by a public servant in the discharge of official functions or duties, a Government statement said.
  • However, intentional enriching by public servants will be construed as criminal misconduct and possession of disproportionate assets as proof of such illicit enrichment. Besides this, non-monetary gratification has been covered within the definition of the word gratification.
  • Meanwhile, the amendments have provided more stringent punishment for the offence of bribery, both for the bribe giver and the bribe taker. “Penal provisions being enhanced from minimum 6 months to 3 years and from maximum 5 years to 7 years (The seven-year imprisonment brings corruption to the heinous crime category),” the statement said.



Govt Approves 10 New Sites for Nuke Projects

  • Government has accorded 'in principle' approval to 10 sites for setting up nuclear power projects, Lok Sabha was informed today. The ten sites are located in nine states.
  • In reply to a question, Minister of State in the Prime Minister's Office Jitendra Singh said indigenous reactors would be established at Gorakhpur in Haryana, Chutka and Bhimpur in Madhya Pradesh, Kaiga at Karnataka and Mahi Banswara in Rajasthan.
  • Reactors with foreign cooperation would be set up in Kudankulam in Tamil Nadu, Jaitapur at Maharashtra, Chhaya Mithi Virdhi in Gujarat, Kovvada at Andhra Pradesh and Haripur in West Bengal.
  • Singh also said that BHAVINI, a Public Sector Undertaking of Department of Atomic Energy (DAE) is presently constructing a Prototype Fast Breeder Reaction (PFBR) of 500 MWe capacity at Kalpakkam in Tamil Nadu. In addition, two Fast Breeder Reactors of 600 MW are also proposed to be constructed at Kalpakkam, he added.
  • Responding to another question, he said that PFBR is under advanced stage of commissioning. The physical progress achieved as on 31-03-2014 is 97.64 per cent.



Cabinet nod for Smart City Project, Atal rejuvenation mission

  • Union Cabinet on Wednesday gave its nod to NDA government’s flagship 100 smart cities project and the new urban renewal mission with a total outlay of about Rs one lakh crore.
  • A meeting chaired by Prime Minister Narendra Modi approved Smart Cities Mission for development of 100 smart cities and Atal Mission for Rejuvenation and Urban Transformation (AMRUT) of 500 cities with outlays of Rs 48,000 crore and Rs 50,000 crore respectively, according to a statement issued by the Urban Development Ministry.
  • Smart City is Prime Minister Narendra Modi’s pet project aimed at recasting the urban landscape of the country by making cities more livable and inclusive besides driving the economic growth. Each selected city under the ambitious scheme would get central assistance of Rs 100 crore per year for five years.
  • AMRUT is the new avatar of the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) and has been named after former Prime Minister Atal Bihari Vajpayee.
  • The Cabinet also approved central funding under AMRUT to the projects sanctioned under JNNURM and not completed. JNNURM projects sanctioned during 2005-2012 and which have achieved physical progress of 50 per cent availing 50 per cent of central assistance released and those sanctioned during 2012-2014 will be supported till March 2017.



ISRO successfully tested indigenous cryogenic engine CE-20 with four-tonne capacity

  • The Indian Space Research Organisation (ISRO) on 28 April 2015 successfully tested an indigenous cryogenic engine CE-20 at Mahendragiri, Tamil Nadu. This engine will enable scientists to put satellites of up to the capacity of four tonnes in geostationary orbit.
  • The engine will also give boost to India’s interplanetary probes and manned space missions. So far India's GSLVs were being powered by cryogenic engines given by Russia. But this development marks a milestone in the country's effort to develop a big cryogenic engine to fly satellites of up to five tonnes.



Delhi government approved farmer compensation scheme named after Gajender Singh

  • Government of Delhi on 28 April 2015 gave its approval for setting up of a farmer compensation scheme named after Gajendra Singh. Gajendra Singh is the person who allegedly committed suicide during an AAP (Aam Aadmi Party) rally on 22 April 2015 by hanging himself with a tree.
  • The decision on name of the scheme was taken during a Cabinet meet chaired by Chief Minister Arvind Kejriwal. As per reports, the state government will distribute compensation to rain-hit farmers from first week of May 2015.
  • Besides, the government also decided to give job to a member of Gajendra's family and martyr status for him, as demanded by the farmer's kin.



Days –

Logo for International Day of Yoga Launched


  • The logo for International Day of Yoga was launched here today by External Affairs Minister Sushma Swaraj and Minister of State for AYUSH Shripad Yesso Naik.
  • The United Nations General Assembly had on December 11 adopted an India-led resolution declaring June 21 as the 'International Day of Yoga'. This came less than three months after Prime Minister Narendra Modi proposed the idea.
  • The theme for 2015 International Yoga Day is “Yoga for Harmony and Peace”.
  • Folding of both hands in the logo symbolises Yoga, which reflects the union of individual consciousness with that of universal consciousness, a perfect harmony between mind and body, man and nature, the holistic approach to health and well being, a senior government official said.
  • The brown leaves in the logo symbolise the earth element, the green leaves the nature, blue the fire element while the sun symbolises the source of energy and inspiration, the official said.



World Dance Day observed globally

  • World Dance Day or International Dance Day was observed globally on 29 April 2015. It is observed with an aim to attract the attention of the wider public to the art of dance.
  • As part of celebrations, the President of the CID annually sends the official message for Dance Day which circulates in every country around the world.
  • International Dance Day was introduced in 1982 by the International Dance Council (CID) at United Nations Educational, Scientific and Cultural Organization (UNESCO) headquarters in Paris, France. CID is the official organization for all forms of dance in all countries of the world.



Awards & Honors –

Margarita, with a Straw won Best Feature Film Award at Washington Film festival


  • Margarita, with a Straw directed by Shonali Bose of India in the fourth week of April 2015 won the Audience Award for Best Feature Film at the Washington DC International Film festival.
  • Kalki Koechlin-starrer film is a disability drama. In the film, Kalki has played the role of a cerebral palsy patient named Laila. The film also stars Revathi and Sayani Gupta in prominent roles.
  • The film, through layers of discovery and revelation has explored and challenged Indian culture and society in so many ways. The director Bose through the film has tried to weave a story in form of a specific culture along with simply human story.
  • The film, before its release on 17 April 2015 made its world premiere at the 2014 Toronto International Film Festival (TIFF). Later, it was screened at Tallinn Black Nights Film Festival in Estonia, BFI London Film Festival, Busan International Film Festival (BIFF) and the Santa Barbara International Film Festival.


Business MoU & Deals –

Flipkart acquires Appiterate to strengthen mobile tech presence


  • Flipkart, India’s largest online marketplace, has acquired New Delhi-based mobile engagement and marketing automation company Appiterate, to strengthen its mobile technology presence. The financial terms of the deal were not disclosed.
  • Appiterate started out testing products for mobile apps, which later on expanded into a full-fledged mobile marketing automation platform. The company, in the past, has helped leading e-commerce companies combine the power of mobile apps and big data to allow them to do one-on-one targeting of their users through push notifications and in-app messages.



Sports –

Harika bags silver, Humpy wins bronze in World Chess Team Championship


  • D Harika and Koneru Humpy came up with fine individual performances to win a silver and a bronze, respectively, even as the Indian eves finished fourth in the women’s world team chess championship here.
  • Harika’s silver and Humpy’s bronze though were a big consolation for the team, overall it was a disappointing show by the Indian girls given the missed opportunities. The medal for the team was always within reach, but it failed to finish off well.
  • Considering that the Indian team entered the tournament as a wild card, a fourth-place finish can be justified as a pretty decent show. However, the medal was within the grasp as the team finished just one point shy of China, which bagged the bronze.



Railways won 5th Senior Men’s National Hockey championship

  • Railway Sports Promotion Board (RSPB) on 28 April 2015 won 5th Senior Men’s National Hockey championship 2015. In the final match played in Pune, Maharashtra, Railways defeated Uttar Pradesh Hockey (UPH) by 5-3.
  • In the Position match, Air India Sports Promotion Board (AISPB) defeated Hockey Gangpur-Odisha by 5-3 to finish at 3rd position in the tournament.



Narine banned from bowling off-spinners


  • In another setback for Sunil Narine, the West Indies player has been barred from bowling off-spinners in all matches organised by the BCCI, including the ongoing IPL.
  • Kolkata Knight Riders’ ace spinner Narine underwent a biomechanical analysis in Chennai after being reported for a suspected illegal action again during the IPL tie against SunRisers Hyderabad in Visakhapatnam on April 22.
  • After reviewing the footage of the game and analysis in Chennai, the BCCI has decided to ban his off-spinners.



China won the World Team Chess Championship in Tsaghkadzor

  • China won the World Team Chess Championship which was held at Tsaghkadzor, Armenia from 18 April 2015 to 29 April 2015.
  • China emerged champion, with 15 points. Ukraine finished runner-up with 12 points, while host Armenia was third with 11.
  • India finished the championship at ninth position with seven points, losing the final round match 3-1 to China.



Georgia won Women’s World Team Chess Championship held at Chengdu

  • Georgia on 29 April 2015 won the Women’s World Team Chess Championship. The championship was held at Chengdu, China from 18 April 2015 to 29 April 2015 under the aegis of FIDE.
  • Georgia won the gold with 17 match points by defeating China. Russia won the silver medal, with 15 match points while China was placed third with 11 match points, claiming the bronze.
  • Mariya Muzychuk was declared as the 2015 Women's World Champion.



Appointments –

Mukesh Khanna Appointed Chairperson of CFSI


  • Veteran actor Mukesh Khanna, who made his way into the hearts of children with his popular superhero TV series "Shaktimaan", has been appointed as the new chairperson of the Children Film Society of India (CFSI).
  • The 56-year-old actor has taken over the charge from actor-director Amole Gupte, who resigned in June 2014.
  • Khanna made his debut on the small screen with B R Chopra's "Mahabharat" where he gained much fame after he played Bhisham Pitamah in the epic. He was last seen in daily soap "Pyaar Ka Dard Hai Meetha Meetha Pyaara Pyaara".
  • Kumar said the organisation expects Khanna to give his creative leadership in making good content for children's programmes and bring in his experience and expertise.
  • With a catalogue of 250 films in 10 different languages, CFSI remains the prime producer of children's films in South Asia.



Obituaries –

Oscar-winning cinematographer Andrew Lesnie passed away

  • The Oscar-winning cinematographer Andrew Lesnie passed away on 27 April 2015 following a fatal heart attack. He was 59.
  • Lesnie was famously known for his cinematography in movies Lord of the Rings series and The Hobbit. He also shot the remake of King Kong (2005), The Lovely Bones (2009) and Rise of the Planet of the Apes (2011) during his career.
  • Lesnie won the Oscar (Academy Award) as a cinematographer in 2002 for the first part of Lord of the Rings film- The Fellowship of the Ring. He was also inducted into the Australian Cinematographers Society Hall of Fame in 2002.



Regards



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English Quiz - April, 2015 - Set 9


Hello and welcome to ExamPundit. Here is a Easy level Cloze test.


Nepal, which is one of the (1) nations, needs international support to deal with the crisis. India has already promised (2) aid to the neighbouring nation with which it has cultural and political ties dating back to centuries. Man is yet to develop a (3) system of earthquake prediction, though he has identified areas that are prone to such disasters. The area, which has (4) the most, forms part of the seismic belt. While earthquake prediction is not immediately possible, a lot can be done to minimise the damage a quake can cause. Japan, which (5) suffers from earthquake, has developed a very dependable technology that can (6) quakes. Most deaths occur when the debris of buildings falls on people. So the (7) way to fight quake is to have buildings that can withstand tremors.

India (8) this the hard way when earthquake hit Latur in Maharashtra. Later, when Gujarat suffered a devastating quake, realisation dawned on the government and the people that buildings (9) were not built using earthquake-resistant technology were the ones that collapsed like castles (10) of playing cards.


1. (a) critical (b) poorest (c) simple (d) admired (e) royal


2. (a) philanthropic (b) justified (c) upstanding (d) convenient (e) humanitarian


3. (a) dependable (b) strong (c) improved (d) advanced (e) huge


4. (a) suffered (b) tolerated (c) brooded (d) struggled (e) viewed


5. (a) frequently (b) always (c) do (d) even (e) sometimes


6. (a) outrun (b) withstand (c) oppose (d) yield (e) offer


7. (a) proposed  (b) advanced (c) basic (d) best (e) offered


8. (a) learnt (b) suffered (c) saw (d) viewed (e) accepted


9. (a) if  (b) which (c) they (d) who (e) for which


10. (a) are  (b) settled (c) made (d) make (e) stored




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