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1)
Prime Manmohan Singh on 10 January 2014 inaugurated the new swanky
airport terminal of Chhatrapathi Sivaji International Airport (CSIA)
Mumbai called Terminal 2 (T2). This terminal will now go into operations
from 12 February 2014. Which company led the consortium which built
this huge terminal? – GVK Airport Holdings
(The new terminal will undergo a comprehensive security sweep in
addition to operational readiness and airport transfer tests before the
launch of operations. CSIA’s T2 is a 4.4 million square feet project
which has been inspired by India’s national bird – the peacock)
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2)
The Union Cabinet on 9 January 2014 gave its approval for introduction
of the National Youth Policy-2014 (NYP-2014). The vision of NYP-2014 is
to empower youth to achieve their full potential, and through them
enable India to find its rightful place in the community of nations.
NYP-2014 would replace which National Youth Policy, which was in use
till now? – National Youth Policy, 2013
(NYP-2014 will cover the entire country catering the needs of all youth
in the age-group of 15-29 years, which constitutes 27.5% of the
population according to Census-2011, about 33 crore youths)
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3)
The government Union on 10 January 2014 gave its approval to the plan to
form an Exchange Traded Fund (ETF) comprising scrips of 11 bluechip
state-owned companies, which will be offered in the market with a view
to garnering Rs 3,000 crore this fiscal. Which are the 11 state-owned
companies (PSUs) involved in this ETF plan? – ONGC,
Coal India Limited, GAIL, Power Grid, REC, Oil India Limited, Container
Corporation of India, Power Finance Corporation, Indian Oil Limited,
Engineers India Limited and Bharat Engineering Limited
(ETF is a security that tracks an index, a commodity or a basket of
assets like an index fund, but trades like a stock on an exchange. The
PSU ETF would comprise shares of various profitable state-owned
companies. The composition of ETF and weightage of the shares of
individual PSU in the index has been decided by the EGoM)
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4)
SEBI on 10 January 2014 notified new norms empowering its Chairman to
order search and seizure operations during investigations, while
necessary safeguards have also been put in place to protect rights of
affected persons. This would add extra power to SEBI’s crackdown against
fraudsters. What is the name of the ordinance promulgated by the Union
government in September 2013, which had conferred explicit powers on
SEBI Chairman to authorise investigating authority or any other officer
of SEBI to conduct search and seizure under the SEBI Act? – Securities Laws (Amendment) Second Ordinance, 2013
(The new norms providing SEBI with powers to conduct search and seizure
have been finalised after taking into account suggestions from public
and other stakeholders to draft regulations, which were issued in
November 2013)
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5)
The Government on 10 January 2014 notified the new gas pricing policy
that would be applicable to all domestically produced natural gas for
the next five years. However, Reliance Industries and its foreign
partners BP and Niko Resources in the KG-D6 block would have to submit a
bank guarantee before they can avail themselves of the new price. This
new price mechanism would come into effect from which date? – From 1 April 2014
(The new gas pricing mechanism, as suggested by a panel headed by Prime
Minister’s Economic Advisory Council Chief C. Rangarajan, has been
given the go-ahead by the Cabinet Committee on Economic Affairs (CCEA))
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6)
Election Commission (EC) on 9 January 2014 decided to call off the tie
with Google for registering new voters through online mode and to guide
votes regarding the voting procedures. The Election Commission had
earlier signed an agreement with Google on 2 January 2014. Why the
decision to call off tie with Google in this issue was taken by the
Election Commission? – Due to increased concerns raised over privacy, data security and its commercial use by the Indian security agencies
(EC decided not to share details of around 800 million voters with
internet giant Google. EC may seek the US-based company’s support only
for creating voter awareness)
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