Tuesday 14 January 2014

14 January 2014 – Current Affairs

Read this in Hindi
SBI-ATM
1) Which major bank during January 2014 came out with plans to outsource the management of some of its ATMs by taking calls from vendors? – State Bank of India (SBI called for a Request for Proposal (RFP) from vendors to manage about 7,843 cash dispensers (ATMs).  Vendors will be expected to have all capabilities to remotely capture and initiate appropriate action in the event of any problems at these cash dispensers. They will be expected to ensure that the downtime of these ATMs in metro and urban areas is less than 3%, while it is less than 6% in rural areas. SBI had 32,777 ATMs as of 30 September 2013. It has expanded its network steadily in the past few years, adding about a third of its network (about 11,000 ATMs) in the past 18 months. ATM operations have however not been profitable)
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2) Retirement fund-body the Employees’ Provident Fund Organisation (EPFO) on 13 January 2014 decided to increase the rate of interest on Provident Fund deposits to 8.75 per cent for 2013-14, a move that will benefit about 5 crore subscribers. What was the present rate of interest for EPFO subscribers? – 8.5% (The Central Board of Trustees, which is the apex decision-making body of the Employees’ Provident Fund Organisation (EPFO), met on 13 January and approved the interest rate. The EPFO’s recommendation will now be vetted by the Finance Ministry. Once the ministry approves the decision, the interest would be credited to the accounts of subscribers. The EPFO is estimated to have an income of Rs 20,796.96 crore in the current financial year)
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3) According to announcement made by Union Finance Minister P. Chidambaram on 12 January 2014 the Centre has revised its target upwards to opening 10,000 new bank branches a year. This has been part of Centre’s initiative of taking banking services to rural areas. What was the earlier target? – 7,000 branches (From the coming financial year, it has been revised to open 10,000 branches a year and through this, an additional 55,000 new jobs are expected to be created)
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4) The Government on 12 January 2014 unveiled 46 oil and gas blocks, which are expected to be auctioned soon under the tenth round of the Government’s New Exploration and Licensing Policy (NELP X). These blocks were unveiled at the 4-day biennial international oil and gas conference which started at New Delhi. What is the name of this conference? – Petrotech 2014 (Petrotech 2014 has being jointly organised by the Oil and Natural Gas Corporation (ONGC) and the PETROTECH Society. Nearly 11 energy ministers from across the world are expected to fly down to the four-day event. Companies from more than 15 countries participated in the event. In this conference, all regulators, national oil companies, private operators, services and ancillary firms, form a combined platform to demonstrate India as an E&P (exploration and production) destination)
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5) The seven-time Grand Slam winner Venus Williams of the United States became the first major casualty of Australian Open 2014, which started on 13 January 2014 at Melbourne. She was defeated by which Russian player? – Ekaterina Makarova (he No. 22-seeded Makarova defeated Venus Williams by 2-6, 6-4, 6-4. Australian Open is the first of the four Grand Slam tennis events of the year)
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6) The United Stock Exchange (USE) on 13 January 2014 announced a five-year contract with a leading IT services company for deploying and managing a new online trading system as part of its quest to turn profitable next fiscal. Which IT company is this? – Tata Consultancy Services – TCS (Under the contract, TCS will replace the erstwhile technology platform at the currency derivatives exchange with a system that is more cost efficient but scalable enough to accommodate its future expansion plans, multiple sources close to the development. Once the solution is up and running, USE expects a reduction in its operating costs, thereby helping the exchange’s balance sheet return to black in the next fiscal)
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7) A 61,000 cubic meters balloon indigenously developed in India at the Balloon Facility, Tata Institute of Fundamental Research (TIFR), Hyderabad penetrated into the mesosphere for the first time in India. So far only two countries have accomplished this feat. Which are these two countries? – The USA and Japan (The 61K cubic meter balloon weighing 31.0 kilograms was manufactured at Balloon Facility using the indigenously developed ultra-thin polyethylene film of thickness 3.8 micro meters. The balloon was launched at 0402 hours on 7 January 2014 from Balloon Facility campus and it reached the maximum altitude of 51.661 kilometers in around 2 hours and created the record. The flight was terminated at 0704 hours IST using Tele-Command. This is for the first time that a regular stratospheric balloon has penetrated the mesosphere in India)

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