Thursday 9 January 2014

9 January 2014 – Current Affairs


Pravasi-Bhartiya-Divas-2014
1) The three day 12th Pravasi Bharatiya Divas (PBD) started from 7 January 2014 at Vigyan Bhawan, New Delhi. What is the theme of this year’s PBD? – Engaging Diaspora: Connecting Across Generations (PBD is celebrated on 9th January every year to mark the contribution of Overseas Indian community in the development of India. January 9 was chosen as the day to celebrate this occasion since it was on this day in 1915 that Mahatma Gandhi, the greatest Pravasi (non-resident citizen), returned to India from South Africa, led India’s freedom struggle and changed the lives of Indians forever)
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2) The Government has introduced a programme for young persons of overseas Indians (POIs) with a view to provide them an exposure to the country of their origin so that they can understand it better and more intimately. This programme was launched on the occasion of the 12th Pravasi Bharatiya Divas (PBD) organized in Delhi. What is the name given to this programme? – ‘Know India Programme’ (Under the Programme, 20 young persons of Indian origin in the age group of 18 to 24 from different countries visit India extensively every year, which will provide them an opportunity to have a deeper insight into Indian people and society)
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3) Which corporate group was the top donor to both the key national political parties – Congress and BJP, as declared by the parties to the Election Commission? – Aditya Birla group (Gujarat-based Torrent Power was second largest donor to political parties. Among the national parties, BJP got the maximum corporate donations of Rs 192.47 crore from 1,334 entities, followed by Congress, which got Rs 172.25 crore from 418 corporate/business donors. In fact, business donations constituted 87% of the total contribution to political parties from known sources, establishing the growing link between corporate money and politics)
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4) Which bank recently became the first Indian domestic private sector bank to have a branch presence in China? – Axis Bank (Axis Bank recently opened its branch in Shanghai after receiving permission from the China Banking Regulatory Commission (CBRC). The branch will engage in foreign currency businesses that includes all business approved by the banking supervision and regulatory authorities of the China. With opening of Shanghai branch, Axis Bank’s overseas presence has grown to eight – one each in Singapore, Hong Kong, Dubai, Colombo, and Shanghai, two representative offices at Dubai and Abu Dhabi and an overseas subsidiary in London)
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5) Which private asset management company (AMC) recently became the first private sector fund house to launch an inflation indexed fund that aims to provide inflation-adjusted returns to investors? – Deutsche Asset Management India – DAMI (DAMI’s scheme, ‘DWS Inflation—Indexed Bond Fund’ is an open—ended debt fund and will open for subscription on 16 January 2014, and close on 27 January. Inflation indexed bonds (IIBs) are instruments where interest payment and principal are linked to whole sale price index (WPI) inflation and these bonds are currently available at an attractive yield of 3.6% above WPI. Government has been issuing IIBs on a monthly basis since June, 2013 and the current outstanding issuance stands at Rs 6,500 crore as of now)
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6) Facebook Inc. on 7 January 2014 announced its first deal in India in which it will purchase an Indian startup that builds performance analysis and monitoring tools for mobile Android applications. What is the name of this startup? – Little Eyes Labs (With this deal Bangalore-based Little Eyes Labs will move to Facebook’s headquarters in Menlo Park, California. It was founded around a year ago by 4 Bangalore-based technology professionals)
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7) Nine persons were killed and over ten were injured after a sleeper coach of a Dehradun-bound train caught fire early on 8 January 2014 between Gholwad and Dahanu Road station in Maharashtra’s Thane district. What is the name of the train involved in this accident? – Bandra-Dehradun Express (The fire broke in one of the sleeper coaches and then spread to three boogies of the train (S3, S4 and S5) around 2.30 am.)
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