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This document consists of all important news and events of last 6 months which can come in SBI Associate
Assistant Exam.
Current RBI Policy & Reserve Rates:
Repo Rate
Reverse Repo
Bank Rate

7.75% (Changed)
6.75% (Changed)
4% (Unchanged)
22% (Unchanged)
8.75% (Changed)
8.75% (Changed)

Note: As on 30, Sept, 2014, RBI (Reserve Bank of India) in its fourth bimonthly monetary policy statement kept the
key policy rate unchanged.
News related to RBI
1. RBI issued guidelines for setting up a trading platform for trade receivables and bills of exchanges of Micro and Small and
Medium Enterprises - MSME. The Trade Receivables Discounting System - TReDS should have a minimum paid up
equity capital of 25 crore rupees and non-promoters would not hold over 10 per cent of the equity capital of TReDS.
2. RBI relaxed norms for Pre-paid Payment Instruments (PPIs) and doubled the limit to one lakh rupees from 50000
Highlights of RBI norms on PPI
i. The maximum validity of gift cards has been enhanced from one year to three years. Other provisions of PPI guidelines
with respect to gift cards will continue.
ii. RBI also allowed issue of multiple PPIs by banks from fully-KYC compliant bank accounts for dependent or family
members. Only one card can be issued to one beneficiary. The central bank also permitted banks to issue rupee
denominated PPIs for visiting foreign nationals and NRIs.
3. RBI keeps interest rate unchanged
i. RBI in its fifth bi-monthly monetary policy statement kept the policy rates unchanged.
ii. The headline inflation has been receding steadily, and current readings are below the January 2015 target of 8 per cent
as well as the January 2016 target of 6 per cent,'' the RBI said.
4. RBI eased gold imports and scrapped 20:80 schemes. The decision to withdraw the 20:80 schemes will cut smuggling of
gold and raise legal shipments into India.
5. Government needs to infuse as much as Rs 2.4 lakh crore ($38.78 billion) into state-owned banks by end-March 2019 to
meet different kinds of capital requirements including Basel III, provisioning for asset quality, and additional risks, said a
central bank Deputy Governor SS Mundra.
6. RBI tightens norms for NBFCs: Tightening norms for non-banking financial companies (NBFCs), the Reserve Bank of
India raised the capital adequacy requirement and the net owned fund limit, among others, with an objective to mitigate
risks in the sector.
Note: i. At present, the net owned fund (NOF) requirement is at Rs.25 lakh. In a phased manner, the NBFCs would be
required to raise it to Rs.1 crore by March, 2016, and to further double it to Rs.2 crore by 2017.
iii. Also, NBFCs primarily engaged in lending against gold jewellery, will have to maintain a minimum Tier I capital (or
equity capital) of 12 per cent with effective from April 1 as against existing requirement of 10 per cent.
iv. For deposit and non-deposit taking NBFCs, Capital to Risk (Weighted) Assets Ratio or CRAR, which includes Tier I
capital of 7.5 per cent, which have to be raise the Tier I capital to 8.5 per cent by end of March 2016 and 10 per cent by
March, 31, 2017.
7. The Reserve Bank has signed a pact with Central Bank of Kenya for exchange of information and supervisory
8. RBI Draft Guidelines for Licensing of New Banks in the Private Sector
Key points:
i. Minimum capital requirement will be Rs 500 crore.
ii. Aggregate foreign shareholding in the new bank should not exceed 49 per cent for the first five years.
iii. The new bank should open at least 25 per cent of its branches in unbanked rural centres.
9. Non-Banking Financial Company (NBFC): A Non-Banking Financial Company (NBFC) is a company registered under the
Companies Act, 1956 are financial institutions that provide banking services without meeting the legal definition of a bank,
i.e. one that does not hold abanking license.

Difference between banks & NBFCs:

i. NBFC cannot accept demand deposits;
ii. NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on itself;
iii. deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of
NBFCs, unlike in case of banks.
Key Points
i. Minimum capital requirement will be Rs 500 crore.
ii. Aggregate foreign shareholding in the new bank should not exceed 49 per cent for the first five years.
iii. The NBFCs are allowed to accept/renew public deposits for a minimum period of 12 months and maximum period
of 60 months. They cannot accept deposits repayable on demand.
iv. NBFCs cannot offer interest rates higher than the ceiling rate prescribed by RBI from time to time. The present ceiling is
12.5 per cent per annum.
v. The deposits with NBFCs are not insured.
10. RBI Draft Guidelines for Licensing of Foreign Banks - Foreign banks that want to set up operations in India will have to
do so through an independent subsidiary. This means they cannot operate as a branch of the parent bank.
Key Points:
i. The initial minimum capital for a WoS will be Rs. 500 crore.
ii. RBI said that the WoS (wholly-owned subsidiary) will be required to meet Basel-III requirements (9 per cent Tier-I
capital) right from Day One. For the first three years, the WoS will have to maintain Tier-I capital at 10 per cent.
iii. The Priority Sector Lending (PSL) requirement will be 40 per cent for WoSs, such as domestic scheduled commercial
iv. The new bank should open at least 25 per cent of its branches in
unbanked rural centres.
11. Reserve Bank of India reduced free usage of other bank automated teller machines (ATMs) to 3 per month from
5: Frequent withdrawal of money from ATMs will become expensive from November, with the RBI imposing a limit of 3
transactions per month from ATMs of other banks and 5 from the same bank in six metropolitan cities.
Note: A customer will be required to pay a fee of up to Rs 20 for using Automated Teller Machines (ATMs) beyond the
permitted numbers of transactions in Delhi, Mumbai, Chennai, Bangalore, Kolkata and Hyderabad.
12. RBI issued two new categories of banksSmall and Payments which can improve financial inclusion.
Important Points:
i. The idea of small and payments banks was first proposed by the Nachiket Mor committee on financial inclusion.
ii. The minimum paid-up capital requirement of both small banks and payments banks is Rs. 100 crore.
iii. The payments bank will have to invest in government securities with a maturity of up to one year.
iv. Small banks will offer both deposits as well as loan products.
ii. Payments banks will be used only for transaction and deposits purposes. Unlike small banks, payments banks
cant lend money to people.
iii. Payments Banks cannot set up subsidiaries to undertake NBFC business.
iv. Hence, payments banks will offer only a limited range of products such as acceptance of demand deposits and
remittance of funds.
v. Those eligible to set up a small bank include resident individuals with 10 years of experience in banking and
finance, companies and societies, NBFCs, microfinance institutions and local area banks.
v. Of the minimum capital, the guidelines said, the promoters' initial minimum contribution will be at least 40 per cent, to
be locked in for a period of 5 years.
vi. The Reserve Bank of India has issued final norms for payment banks and small finance banks that would allow mobile
firms and supermarket chains, to enter the banking arena to cater to individuals and small businesses.
vii. The move aims at deepening financial inclusion and boost saving habits. Shriram Capital, Janalakshmi Financial
Services, Magma Fincorp and Muthoot Finance, among others, are expected to throw their hats into the ring to set up
small banks.
viii. The Department of Posts, Bharti Airtel, Vodafone India, Tata Teleservices, Western Union and online digital
payment players such as Paytm, Oxigen and MobiKwik have expressed interest in floating payment banks. Companies
will have to apply by January 16, 2015, for licences in both categories.
Key activities
i. The small bank will primarily undertake basic banking activities of acceptance of deposits and lending to un-served
and under-served sections, including small business units, small and marginal farmers, micro and small industries and
unorganised sector entities.

ii. Small banks will be required to maintain a minimum capital adequacy ratio of 15 per cent of the loans on a continuous
iii. In the draft guidelines, the RBI had suggested that small banks would have a restricted area of operations (possibly
contiguous districts in a homogenous States). However, in the final guidelines, these restrictions have been removed. The
small bank will be required to extend 75 per cent of its credit to the priority sector
Payment Banks:
i. Payments banks can accept deposits current and savings bank from individuals, small businesses and other
entities but cannot provide loans. However, they cannot
accept non-resident Indian deposits.
ii. The payment bank will initially be restricted to holding a maximum balance of Rs1 lakh per individual customer.
iii. While the bank can issue ATM/debit cards, it cannot issue credit cards.It can contract outside liabilities (deposits) but
not exceeding 33.33 times (against 20 times in the draft guidelines) its net worth.
13. RBI issues guidelines for NBFCs on lending against shares.
Note: According to the guidelines applicable to NBFCs with asset size of Rs. 100 crore and above, the NBFCs have
to maintain a loan-to-value (of shares pledged) of 50 per cent and accept only Group 1 securities as collateral for
loans of a value more than Rs. 5 lakh.
14. RBI notified the increase in deposit money under Public Provident Fund, PPF to 1.5 lakh rupees from 1 lakh rupees.
15. The Reserve Bank of India (RBI) issued draft guidelines for implementation of Bharat Bill Payment System (BPPS),
an 'anytime anywhere' bill payment system:
Note: i. Bharat Bill Payment System is intended for the implementation of a unified bill payment system across the
This integrated bill payment system will comprise of two entities:
i. Entity operating at Bharat Bill Payment System (BBPS) will be setting up the standards related to payments, clearance
and settlement process
ii. Second entity would be Bharat Bill Payment Operating Units (BBPOUs). It will be carrying out the operations in
adherence to the standards fixed by BBPS.
iii. Authorised entities such as agents, banks, service providers, payment gateways would be the participants at the Bharat
Bill Payment System.
16. Raghuram Rajan, the Governor of the Reserve Bank of India (RBI) announced that plastic currency notes will be launched
in 2015 after field trials.
17. Reserve Bank of India (RBI) issued the guidelines to allow the minors of age above 10 years to independently open and
operate savings bank accounts and use other facilities like ATM and cheque books. 20. RBI panel headed by ex-Chairman
of Axis Bank, P. J. Nayak recommend for diluting govt stake in public sector banks to below 50 %. The government should
cut its holding in public sector banks to under 50 per cent.
18. Reserve Bank of India granted banking licences to infrastructure financing firm IDFC and microfinance institution
Note: The in-principle approval will be valid for a period of 18 months during which the applicants have to comply with

the requirements under the guidelines and fulfil the other conditions as may be stipulated by the RBI.
Chandra Shekhar Ghosh: CMD of Bandhan financial services
Dr. Rajiv B. Lall: Chairman of IDFC Infrastructure Finance Company.
19. Reserve Bank of India (RBI) issued the guidelines to allow the minors of age above 10 years to independently open and
operate savings bank accounts and use other facilities like ATM and cheque books.
20. RBI extended the timeline for full implementation of Basel III norms 31 March 2019 instead of 31 March 2018.
21. The Reserve Bank of India has inked a memorandum of understanding (MoU) with the Monetary Authority of Hong
Kong for exchange of supervisory information.
22. RBI permits NBFCs to work as Business Correspondents of banks: With a view to achieve financial inclusion, the
Reserve Bank of India has allowed Non-Banking Finance Companies to operate as Business Correspondents (BCs) of banks,
permitting them to offer limited services. Banks will be allowed to work with non-deposit taking NBFCs as BCs. Note:
The RBI took into account recommendations of Nachiket Mor Committee while reviewing the existing guidelines on
the appointment of BCs
23. The Reserve Bank of India said banks should make all new ATMs installed from July 1, 2014 as talking ATMs with
Braille keypads.
SBI in news SBI to raise Rs.4,000 cr for BPCL's petrochemical plan
i. State-run Bharat Petroleum Corporation Ltd (BPCL) is planning to raise Rs.4,000crore for the expansion of its Kochi
refinery and to fund its petrochemicals venture, said three banking sources aware of the development.
ii. BPCL is planning to diversify into downstream petrochemicals with an investment of Rs.4,588crore by using propylene.
State Bank of India to launch Islamic equity fund
i. State-owned bank will launch an Islamic equity fund next month aimed primarily at the country's 170 million

Muslims.SEBI recently allowed the government-owned State Bank of India BSE 0.41 % and three mutual funds to launch
Sharia funds. Note:India is only the second country outside the Islamic world where a state-owned bank is offering a
Sharia-compliant fund. The U.K. issued sovereign Islamic bonds in June.
SBI launches first homegrown economic indicator the SBI Monthly Composite Index and the SBI Yearly Composite
Index that will primarily track manufacturing activity and offer a forward-looking economic trends.
SBI Online were among the three most searched words on the internet search engine in 2014.
SBI signed 500 million dollar Line of Credit with Export-Import Bank of Korea (Korea Eximbank).
SBI, celebrated 150 years of its operations in Sri Lanka on 13/Sept/2014.
SBI launches mPassBook facility on its smartphone application anywhere' mobile application, for its retail banking users.
SBI lend $ 1 billion to Adani Group to build Australian coal mine which it aims to build by end-2017. Founder of Adani
Group Gautam Adani.
SBI Cards ties up with Future Group company Fashion at Big Bazaar (FBB) to offer a co-branded CREDIT CARD,
Modern Banking Facts:

ICICI Bank was the first Indian Bank to provide internet banking
ICICI Bank was the first Bank to provide Mobile ATM.
Bank of Baroda has the maximum number of overseas branches.
SBI (State Bank of India) has the total number of maximum branches
and holds 2nd position in the world.
India's first "talking" Automated Teller Machine (ATM) launched by Union Bank of India (UBI) for visually impaired
was launched in Ahmedabad (Gujarat).
RBI to issue Rs 10 plastic currency notes in 5 cities: Kochi, Mysore, Jaipur, Bhubhaneswar and Shimla.
Note: First plastic notes issued by Australia in 1988.
RuPay is an Indian domestic card scheme conceived and launched by the National Payments Corporation of India (NPCI).
RuPay facilitates electronic payment at all Indian banks and financial institutions, and competes with MasterCard and Visa
in India.
India's first non-bank owned ATM (White Label ATMs) opens in Maharashtra: Tata Communications Payments
Solutions Ltd, a wholly owned subsidiary of Tata Communications Ltd, opened first White Label ATM at Chandrapada in
Thane district, in Maharashtra.
Banking topics in news
NPAs (Non Pe rf ormi ng Asse ts):
i. A mortgage in default would be considered non-performing, after a prolonged period of non-payment(90 days).
ii. The lender will force the borrower to liquidate any assets that were pledged as part of the debt agreement. If no assets were
pledged, the lenders might write-off the asset as a bad debt and then sell it at a discount to a collections agency.
Debt recovery tribunal (DRT- A court for such cases) A person whose account is declared as NPA
SARFAESI ACT - In 2002, Govt. gave banks a lifeline called as SARFAESI Act (Securitization and Reconstruction of
Financial Assets and Enforcement of security interest Act)
i. With this Act bank has the power to take possession of the owners mortgaged property or can transfer this to some
other ownership.
What bank will do with the acquired property?
i. Bank can use this for their own purpose like , opening a new branch on it, installing of ATMs etc.
ii. Bank can advertise in newspapers for the auction of the property acquired and could auction them on any pre decided day.
iii.Bank can sell the property to ARC (Asset Reconstruction Company), these are registered companies under RBI, they buy
such assets from banks and sell them at higher prices to gain profits.
Goods and Services Tax i. It is an indirect tax that will lead to the abolition of all other taxes such as, central sales tax, state-level sales tax, excise duty,
service tax, and value-added tax (VAT). Both the state and the central governments will impose GST on almost all goods and
services produced in India or imported into the country.
ii. Exports will not be subject to GST. Direct taxes, such as income tax, corporate tax and capital gains tax will not be affected.
It will simplify India's tax structure, broaden the tax base, and create a common market across states. This will lead to
increased compliance and increase India's tax-to-gross domestic product ratio.
iii. The highest rate of taxation under GST will be around 15 per cent in the first year, and eventually come down to 12 per cent
in the second year. By comparison, the current rate of the various indirect taxes levied in India amounts to roughly 20 per cent.
Goods deemed necessary or of basic importance will be taxed at a lower rate.

iv. The GST can be implemented only through a Constitutional Amendment Bill, which means it needs to be approved by not
less than two-thirds of the members present and voting in each House of Parliament. The GST must also be ratified by the
legislatures of at least one-half of the states.
v. States will get one-year time to implement the provisions of Goods and Services Tax (GST) after introduction of the new
indirect tax regime from 1st April 2016.
Types of Bank Accounts in India (Deposit Accounts)
Traditionally banks in India have four types of deposit accounts, namely Saving Banking Accounts, Current Accounts,
Recurring Deposits and, Fixed Deposits.
1. Saving Account - Saving accounts are opened to encourage the people to save money and collect their savings. The saving
account holder is allowed to withdraw money from the account as and when required. The interest on Saving Bank
Accounts was fixed by RBI and it was fixed at 4.00% on daily balance basis. RBI has deregulated Saving Fund account
interest rates and now banks are free to decide the same within certain conditions imposed by RBI.
Features of Saving Accounts
1. There is no restriction on the number and amount of deposits. However, in India, mandatory PAN (Permanent Account
Number) details are required to be furnished for doing cash transactions exceeding 50,000.
2. Withdrawals are allowed subject to certain restrictions.
3. A minimum amount has to be kept on saving account to keep it functioning.
2. Current Account - Current Accounts are basically meant for businessmen and are never used for the purpose of investment
or savings.
Features of Current Accounts
(1) The main objective of Current Account holders in opening these account is to enable them (mostly businessmen) to
conduct their business transactions smoothly.
(2) There are no restrictions on the number of times deposit in cash / cheque can be made or the amount of such deposits;
(3) Usually banks do not pay any interest on such current accounts.
(4) The current accounts do not have any fixed maturity as these are on continuous basis accounts.
(5) Cheque book facility is provided and the account holder can deposit all types of the cheques and drafts in their name or
endorsed in their favour by third parties.
3. Recurring Desposit Account: Recurring Deposit is a special kind of Term Deposit offered by banks in India popularly
known as RD accounts which help people with regular incomes to deposit a fixed amount every month into their Recurring
Deposit account and earn interest at the rate applicable to Fixed Deposits.
Features of RD Accounts
1. Recurring Deposit accounts are normally allowed for maturities ranging from 6 months to 120 months
2. These accounts can be opened in single or joint names. Nomination facility is also available.
3. Rate of Interest offered is similar to that in Fixed Deposits.
4. Interest is compounded on quarterly basis in recurring deposits.
4. Fixed Deposit Account (FD) - The account which is opened for a particular fixed period (time) by depositing particular
amount (money) is known as Fixed (Term) Deposit Account. The term 'fixed deposit' means that the deposit is fixed and is
repayable only after a specific period is over. Under fixed deposit account, money is deposited for a fixed period say six
months, one year, five years or even ten years. The money deposited in this account can not be withdrawn before the expiry of
Features of FD Accounts
1. The main purpose of fixed deposit account is to enable the individuals to earn a higher rate of interest on their surplus
funds (extra money).
2. The amount can be deposited only once. For further such deposits, separate accounts need to be opened.
3. Fixed Deposit Account may be opened for a minimum period of 7 days and maximum period of 10 years.
4. The minimum amount required to open a Fixed Deposit is Rs.1000.
5. Withdrawals are not allowed. However, in case of emergency, banks allow to close the fixed account prior to maturity date.
In such cases, the bank deducts 1% (deduction percentage many vary) from the interest payable as on that date.

About (BASIC SAVING BANK DEPOSIT ACCOUNT): Under the guidelines issued on August 10, 2012 by RBI: Any
individual, including poor or those from weaker section of the society, can open zero balance account in any bank. BSBDA
guidelines are applicable to "all scheduled commercial banks in India, including foreign banks having branches in India". ii.
The aim of introducing 'Basic Savings Bank Deposit Account' is very much part of the efforts of RBI for furthering Financial
Inclusion objectives.

Main Points of BSBDA-Small Accounts:

i. In BSBDA, banks are required to provide free of charge minimum 4 withdrawals, through ATMs
ii. Total credits in such accounts should not exceed 1 lakh rupees in a year.
iii. Maximum balance in the account should not exceed 50,000 Rs at any time
iv. The total of debits by way of cash withdrawals and transfers will not exceed 10,000 rupees in a month
v. Foreign remittances cannot be credited to Small Accounts without completing normal KYC formalities
v. Small accounts are valid for a period of 12 months initially which may be extended by another 12 months if the person
provides proof of having applied for an Officially Valid Document.

ATMs: (Automated Teller Machine): The ATM debit cards, credit cards and prepaid cards (that permit cash withdrawal)
issued by banks can be used at ATMs for various transactions.

Use of ATMs of Other Banks:

i. 5 free transactions are permitted per month (inclusive of financial and/or non-financial) at other bank ATMs for
Savings Bank Account holders.
ii. For transaction beyond this minimum number of transactions, banks charge maximum of Rs 20/ - per transaction.
iii. Reserve Bank of India reduced free usage of other bank automated teller machines (ATMs) to 3 per month from 5
from November, in six metropolitan cities - Delhi, Mumbai, Chennai, Bangalore, Kolkata and Hyderabad.

WHITE Label ATMs: ATMs which are owned and operated by non-banking companies are called White Label ATMs.
Note: RBI authorised four entities to operate as WLAs namely Tata Communications Payment Solutions, Prizm Payment
Services Pvt. Ltd, Muthoot Finance Limited and Vakrangee Ltd.
Personal Identification Number (PIN) : A Personal Identification Number is a secret numeric password shared between
user and a system that can be use to authenticate the user to the system.

IFSC (Indian Financial System Code):

Indian Financial System Code is an alpha-numeric code that uniquely identifies a bank-branch participating in the NEFT
ii. This is an 11 digit code with the first 4 alpha characters representing the bank, The 5th character is 0 (zero).and
the last 6 characters representing the bank branch.
iii. IFSC is used by the NEFT system to identify the originating / destination banks / branches and also to route the
messages appropriately to the concerned banks / branches.
For ex: SBIN0015986 : i. First 4 character SBIN refers to State Bank of India.
ii. 0 is a control number.
iii. last six characters (015986) represents the SBI branch Jail Road, Hari Nagar New Delhi.

MICR (Magnetic Ink Character Recognition): MICR stands for Magnetic Ink Character Recognition. MICR Code is a 9
numeric digit code which uniquely identifies a bank branch participating in the ECS Credit scheme. MICR code consists of 9
digits e.g 400229128
i. First 3 digits represent the city (400)
ii. Next 3 digits represent the bank (229)
iii. Last 3 digits represent the branch (128)
Note: The MICR Code allotted to a bank branch is printed on the MICR band of cheque leaves issued by bank branches.

Cheque Truncation:
i. Truncation is the process of stopping the flow of the physical cheque issued by a drawer at some point with the
presenting bank en-route to the drawee bank branch.
ii. In its place an electronic image of the cheque is transmitted to the drawee branch by the clearing house, along with
relevant information like data on the MICR band, date of presentation, presenting bank, etc.
iii. Cheque Truncation speeds up the process of collection of cheques resulting in better service to customers, reduces the
scope for clearing-related frauds or loss of instruments in transit, lowers the cost of collection of cheques, and removes
reconciliation-related and logistics-related problems, thus benefitting the system as a whole.

Bancassurance: The sale of insurance and other similar products through a bank. This can help the consumer in some
situations; for example, when a bank requires life insurance for those receiving a mortgage loan the consumer
could purchase the insurance directly from the bank.

Banking Ombudsman Scheme 2006:

i. The Banking Ombudsman Scheme enables an expeditious and inexpensive forum to bank customers for resolution of
complaints relating to certain services rendered by banks.
ii. The Banking Ombudsman is a senior official appointed by the Reserve Bank of India to redress customer complaints
against deficiency in certain banking services.
iii. All Scheduled Commercial Banks, Regional Rural Banks and Scheduled Primary Co-operative Banks are covered under
the Scheme.
Other Important Points:
The Banking Ombudsman does not charge any fee for filing and resolving customers complaints.
The amount, if any, to be paid by the bank to the complainant by way of compensation for any loss suffered by the
complainant is limited to the amount arising directly out of the act or omission of the bank or Rs 10 lakhs, whichever is
The Banking Ombudsman may award compensation not exceeding Rs 1 lakh to the complainant only in the case of
complaints relating to credit card operations for mental agony and harassment.
If a complaint is not settled by an agreement within a period of one month, the Banking Ombudsman proceeds further to
pass an award. Before passing an award, the Banking Ombudsman provides reasonable opportunity to the complainant
and the bank, to present their case.
If one is not satisfied with the decision passed by the Banking Ombudsman, one can approach the appellate authority
against the Banking Ombudsmens decision. Appellate Authority is vested with a Deputy Governor of the RBI.
If one is aggrieved by the decision, one may, within 30 days of the date of receipt of the award, appeal against the award
before the appellate authority.
Deposit insurance and credit guarantee corporation (DICGC)

All commercial banks including branches of foreign banks functioning in India, local area banks and regional rural banks are
insured by the DICGC. Note: Primary cooperative societies are not insured by the DICGC.
Maximum deposit amount insured by the DICGC - Each depositor in a bank is insured upto a maximum of Rs.1,00,000
(Rupees One Lakh).
Credit Information Bureau (India) Limited: is Indias first Credit Information Company (CIC) founded in August 2000.
CIBIL collects and maintains records of an individuals payments pertaining to loans and credit cards.
Headquarter Mumbai
Coins in India
Coins: The Government of India has the sole right to mint coins.
Denominations: Coins in India are presently being issued in denominations of one rupee, two rupees, five rupees and ten
Currency in India
Currency: Banknotes in India are currently being issued in the denomination of Rs 10, Rs 20, Rs 50, Rs 100, Rs500,
and Rs1000. These notes are called banknotes as they are issued by the Reserve Bank of India (Reserve Bank).
Bank Notes in India
Contemporary Currency notes have 15 languages on the panel
which appear on the reverse of the note.
Soiled Notes: Soiled notes are those which have become dirty and slightly cut.
Mutilated Notes: Notes which are in pieces and/or of which the essential portions are missing can also be exchanged.
Imperfect banknotes: Imperfect banknote means any banknote, which is wholly or partially, obliterated, shrunk, washed,
altered or indecipherable but does not include a mutilated banknote.
The deadline for exchanging pre-2005 currency notes of various denominations, including Rs 500 and Rs 1,000, has been
extended by another six months till June, 30, 2015.
i. The Reserve Bank of India has stated that the public can do so till June 30, 2015. Earlier in March 2014, it had set the last
date for public to exchange these notes was January 1, 2015.
ii. Post-2005 notes have added security features and help in curbing the menace of fake currency.
Security Features of Indian Banknotes
Security Thread
Latent Image
Identification Mark
See through Register
Legal provisions against counterfeiting

Optically Variable Ink

Important Banking Terminology:

1. Basis points: It is the increase in interest rates in percentage terms. For instance, if the interest rate increases by 50 basis
points (bsp), then it means that interest rate has been increase by 0.50%. One percentage point is broken down into 100
basis points. Therefore, an increase from 2% to 3% is an increase of one percentage point or 100 basis points.
2. Bank Rate: Bank Rate is the rate at which central bank of the country (in India it is RBI) allows finance to commercial
banks. Bank Rate is a tool, which central bank uses for short-term purposes. Any upward revision in Bank Rate by central
bank is an indication that banks should also increase deposit rates as well as Base Rate / Benchmark Prime Lending Rate.
Thus any revision in the Bank rate indicates that it is likely that interest rates on your deposits are likely to either go up or
go down, and it can also indicate an increase or decrease in your EMI.
3. Liquidity adjustment facility (LAF) is a monetary policy tool which allows banks to borrow money through repurchase
agreements. LAF is used to aid banks in adjusting the day to day mismatches in liquidity. LAF consists of repo and reverse
repo operations.
4. Repo Rate: Whenever the banks have any shortage of funds they can borrow it form RBI. Repo rate is the rate at which
commercial banks borrows rupees from RBI. A reduction in the repo rate will help banks to get money at cheaper rate.
When the repo rate increases borrowing form RBI becomes more expensive.
5. Reverse Repo Rate: Reverse Repo rate is the rate at which RBI borrows money from commercial banks. Banks are always
happy to lend money to RBI since their money is in the safe hands with a good interest. An increase in reverse repo rate
can cause the banks to transfer more funds to RBI due to this attractive interest rates. One factor which encourages an
organisation to enter into reverse repo is that it earns some extra income on its otherwise idle cash.
6. CRR (Cash Reverse Ratio): CRR is the amount of funds that the banks have to keep with RBI. If RBI increases CRR, the
available amount with the banks comes down. RBI is using this method (increase of CRR), to drain out the excessive
money from the banks.
7. SLR (Statutory Liquidity Ratio): SLR is the amount a commercial banks needs to maintain in the form of cash, or gold,
or govt. approved securities (Bonds) before providing credit to its customers. SLR rate is determined and maintained by
RBI in order to control the expansion of the bank credit.
Need of SLR: With the SLR, the RBI can ensure the solvency of a commercial banks. It is also helpful to control the
expansion of the Bank credits. By changing SLR rates, RBI can increase or decrease bank credit expansion. Also through
SLR, RBI compels the commercial banks to invest in the government securities like govt. bonds.
Main use of SLR: SLR is used to control inflation and propel growth. Through SLR rate the money supply in the system
can be controlled effectively.
8. Marginal Standing Facility (MSF): MSF rate is the rate at which banks borrow funds overnight from the Reserve Bank of
India (RBI) against
approved government securities.
9. NEFT (National Electronic Fund Transfer): NEFT enables funds transfer from one bank to another but works a bit
differently than RTGS. NEFT is slower than RTGS. The transfer is not direct and RBI acts as the service provider to
transfer the money from one account to another. You can transfer any amount through NEFT, even a rupee.
Note: Rs 50,000 is a limit in a NEFT to NEPAL in a single day.
10. RTGS (Real time gross settlement ): RTGS system is funds transfer systems where transfer of money or securities takes
place from one bank to another on a "real time" and on "gross" basis.
Settlement in "real time" means payment transaction is not subjected to any waiting period. The transactions are settled as
soon as they are processed. Minimum & Maximum Limit of RTGS: 2 lakh and no upper limit.
11. Fiscal Deficit: A deficit in the government budget of a country and represents the excess of expenditure over income. So
this is the amount of borrowed funds require by the government to meet its expenditures completely.
12. Direct Tax: A direct tax is that which is paid directly by someone to taxing authority. Income tax and property tax are an
examples of direct tax. They are not shifted to somebody else.
13. Indirect Tax: This type of tax is not paid by someone to the authorities and it is actually passed on to the other in the form
of increased cost. They are levied on goods and services produced or purchased. Excise Tax, Sales Tax, Vat, Entertainment
tax are indirect taxes.
14. Foreign Exchange Market : Foreign exchange market is the place where the financial institutions of different countries
come and exchange the currencies in a defined manner and set rates. In forex market the deals of currencies are done and
in turn it defines the value of one currency in comparison to the other. A foreign investor (FII or FDI) is a major source of
foreign currency in India.
15. NOSTRO Account: A Nostro account is maintained by an Indian Bank in the foreign countries.
16. VOSTRO Account: A Vostro account is maintained by a foreign bank in India with their corresponding bank.
17. SDR (Special Drawing Rights): SDR are new form of International reserve assets, created by the International Monetary
Fund in 1967. The value of SDR is based on the portfolio of widely used countries and they are maintained as accounting
entries and not as hard currency or physical assets like Gold.

18. BOND: Publicly traded ling term debt securities issued by corporations and governments, whereby the issuer agrees to
pay a fixed amount of interest over a specified period of time and to repay a fixed amount of principal maturity.
19. CRAR(Capital to Risk Weighted Assets Ratio): Capital to risk weighted assets ratio is arrived at by dividing the capital of
the bank with aggregated risk weighted assets for credit risk, market risk and operational risk.
20. Non Performing Assets (NPA): An asset (loan), including a leased asset, becomes non performing when it stops generatig
income for the bank. Note: Once the borrower has failed to make interest or principle payments for 90 days the loan is
considered to be a non-performing asset.
21. Inflation: inflation is a rise in the general level of prices of goods and services in an economy over a period of time. When
the general price level rises, each unit of currency buys fewer goods and services. Consequently, inflation reflects a
reduction in the purchasing power per unit of money a loss of real value in the medium of exchange and unit of account
within the economy.
22. GDP - An estimated value of the total worth of a countrys production and services, within its boundary, by its nationals
and foreigners, calculated over the course on one year.
Note: GDP = consumption + investment + (government spending) + (exports imports). Total value of products & Services
produced within the territorial boundary of a country.
23. GNP - An estimated value of the total worth of production and services, by citizens of a country, on its land or on foreign
land, calculated over the course on one year.
Note: GNP = GDP + NR (Net income inflow from assets abroad or Net Income Receipts) - NP (Net payment outflow to
foreign assets). Total value of Goods and Services produced by all nationals of a country (whether within or outside the
Credit Rating Agency in India & World
Indian credit rating industry mainly comprises of CRISIL, ICRA, CARE, ONICRA, FITCH (India Ratings & Research) & SMERA.
CRISIL - Credit Rating Information Services of India Limited, Headquarter Mumbai
ICRA - Investment information and credit rating agency Headquarter - Gurgaon, India
CARE - Credit Analysis and Research Headquarters Mumbai
ONICRA - Headquarter - Gurgaon, India
SMERA - Headquarters Mumbai
Fitch (India Ratings & Research) - Headquarters Mumbai
Note: CRISIL is the largest credit rating agency in India, with a market share of greater than 60%.
Leading Credit Rating Agency in World
1. Standard & Poor's (S&P) Headquarter New York, US
2. Moody's Headquarter - New York, US
3. Fitch - Headquarter - New York, US
Regulators in India:
Reserve Bank of India (RBI)

Financial system and monetary policy, Money Market

U.K. Sinha


Securities and Exchange Board of

India (SEBI)

Security & Capital Market, stock broking & Merchant

Banking, Nidhis, Chit Fund Companies

Insurance Regulatory and

Development Authority (IRDA)

Insurance industry

T. S. Vijayan


Telecom Regulatory Authority of

India (TRAI)
Forward Markets Commission

Telecommunication Industry

Rahul Khullar

New Delhi

Commodity Market


Pension Fund Regulatory and

Development Authority (PFRDA)

Pension sector


Money Market in


New Delhi

Money Market: Money Market is the part of financial market where instruments with high liquidity and very short-term
maturities are traded. It's the place where large financial institutions, dealers and government participate and meet out
their short-term cash needs. Due to highly liquid nature of securities and their short-term maturities, money market is
treated as safe place.

Role of Reserve Bank of India:The Reserve Bank of India (RBI) plays a key role of regulator and controller of
money market. The intervention of RBI is varied curbing crisis situations by reducing key policy rates or curbing
inflationary situations by rising key policy rates such as Repo, Reverse Repo, CRR etc.

Short Term Deposit: In deposit terminology, the term Short Term Deposit refers to an amount of money placed in a
bank or financial institution for a term no longer than one year. A Short Term Deposit will usually earn a fixed rate of
interest. Note: Short Term Deposits are also known as time or term deposits, with perhaps the most popular name
being short term certificates of deposit or CDs.

Call Money: Call Money is the borrowing or lending of funds for 1day.
Notice Money: Money borrowed or lend for period between 2 days and 14 days it is known as Notice Money
Term Money: Term Money refers to borrowing/lending of funds for period exceeding 14 days
Money Market Instruments: Money Market Instruments provide the tools by which one can operate in the money
market. Money market instrument meets short term requirements of the borrowers and provides liquidity to the lenders.
The most common money market instruments are Treasury Bills, Certificate of Deposits, Commercial Papers, Repurchase
Agreements and Banker's Acceptance.
1. Treasury Bills (T-Bills): Treasury Bills are one of the safest money market instruments as they are issued by Central
Government. At present, the Government of India issues three types of treasury bills through auctions, namely, 91-day,
182-day and 364-day. There are no treasury bills issued by State Governments.
Amount: Treasury bills are available for a minimum amount of Rs.25,000 and in multiples of Rs. 25,000. Treasury
bills are issued at a discount and are redeemed at par
2. Commercial Paper (CP) - Commercial Paper (CP) is an unsecured money market instrument issued in the form of a
promissory note.
Who can issue CP - Corporates, primary dealers (PDs) and the All-India Financial Institutions (FIs) are eligible to issue CP.
Minimum and maximum period of maturity for CP: CP can be issued for maturities between a minimum of 7 days and a
maximum of up to one year from the date of issue. However, the maturity date of the CP should not go beyond the date up
to which the credit rating of the issuer is valid.
In what denominations a CP that can be issued: CP can be issued in denominations of Rs.5 lakh or multiples thereof.
Who can invest in CP: Individuals, banking companies, other corporate bodies (registered or incorporated in India) and
unincorporated bodies, Non-Resident Indians (NRIs) and Foreign Institutional Investors (FIIs) etc. can invest in CPs.
3. Certificate of Deposit (CD) is a negotiable money market instrument and issued in dematerialised form or as a Usance
Promissory Note against funds deposited at a bank or other eligible financial institution for a specified time period.
Who can issue CD: CDs can be issued by (i) scheduled commercial banks {excluding Regional Rural Banks and Local Area
Banks}; and (ii) select All-India Financial Institutions (FIs) that have been permitted by RBI to raise short-term resources
within the umbrella limit fixed by RBI.
Minimum and maximum period of maturity for CD: The maturity period of CDs issued by banks should not be less than
7 days and not more than one year, from the date of issue.
Note: The FIs (Financial Institutions) can issue CDs for a period not less than 1 year and not exceeding 3 years from the
date of issue.
Minimum Size of Issue and Denominations: Minimum amount of a CD should be Rs.1 lakh, i.e., the minimum deposit
that could be accepted from a single subscriber should not be less than Rs.1 lakh, and in multiples of Rs. 1 lakh thereafter.
4. Repurchase Agreements (Repo): Repurchase Agreements which are also called as Repo or Reverse Repo are short term
loans that buyers and sellers agree upon for selling and repurchasing. Repo or Reverse Repo transactions can be done only
between the parties approved by RBI and allowed only between RBI-approved securities such as state and central
government securities, T-Bills, PSU bonds and corporate bonds. They are usually used for overnight borrowing.
5. Banker's Acceptance: Banker's Acceptance is like a short term investment plan created by non-financial firm, backed by a
guarantee from the bank. It's like a bill of exchange stating a buyer's promise to pay to the seller a certain specified amount
at a certain date. And, the bank guarantees that the buyer will pay the seller at a future date. Firm with strong credit rating
can draw such bill. These securities come with the maturities between 30 and 180 days and the most common term for
these instruments is 90 days.

Capital Market in India:

Capital market deals with medium term and long term funds. It refers to all facilities and the institutional arrangements for
borrowing and lending term funds (medium term and long term). The demand for long term funds comes from private
business corporations, public corporations and the government. The supply of funds comes largely from individual and
institutional investors, banks and special industrial financial institutions and Government.
Capital market is classified in two ways:
1. Gilt Edged Market refers to the market for government and semi-government securities, which carry fixed rates of
interest. RBI plays an important role in this market.
2. Industrial Securities Market: It deals with equities and debentures in which shares and debentures of existing companies
are traded and shares and debentures of new companies are bought and sold.
3. Development Financial Institutions (DFIs): Development financial institutions were set up to meet the medium and longterm requirements of industry, trade and agriculture. These are IFCI, ICICI, IDBI, SIDBI, IRBI, UTI, LIC, GIC etc. All These
institutions have been called Public Sector Financial Institutions.
4. Financial intermediaries: Financial Intermediaries include merchant banks, Mutual Fund, Leasing companies etc. they
help in mobilizing savings and supplying funds to capital market.
The Second way in which capital market is classified is as follows :1. Primary market: Primary market is the new issue market of shares, preference shares and debentures of non-government
public limited companies and issue of public sector bonds.
2. Secondary market: This refers to old or already issued securities. It is composed of industrial security market or stock
exchange market and gilt-edged market.
Banks and Their Tag Lines 1. SBI 2. State Bank of Hyderabad
3. State Bank of Mysore 4. State Bank of Patiala
5. State Bank of Travancore 6. Allahabad Bank 7. Andhra Bank
8. Bank of Baroda 9. Bank of India 10. Bhartiya Mahila Bank
11. Bank of Maharashtra 12. Canara Bank
13. Central Bank of India
14. Corporation Bank
15. Dena Bank 16. ECGC Bank
17. IDBI Bank
18. Indian Bank
19. Indian Overseas Bank
20. Punjab National Bank 21. Punjab & Sind Bank
22. Oriental Bank of Commerce
23. UCO Bank
24. Union Bank of India
25. United Bank of India
26. Vijaya Bank 27. Axis Bank
28. ICICI Bank
29. HDFC Bank 30. Yes Bank
31. HSBC -

With you all the way, Pure Banking Nothing Else, The Nations banks on us
You can always bank on us.
Working for a better tomorrow
Blending Modernity with Tradition
A long Tradition of Trust
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Where India Banks
Indias International Bank
Relationship beyond banking
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One family one bank
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Central To you Since 1911
A Premier Public Sector Bank
Trusted Family Bank
You focus on exports. We cover the risks
Banking For All, Aao Sochein Bada
Your Tech- Friendly Bank
Good people to grow with
The name you can bank upon
Where service is a way of life
Where every individual is committed
Honours Your Trust
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The Bank that begins with U
A friend you can bank on
Badhti Ka naam Zindagi
Hum Hai Na, Khyal Apka
We understand your world indeed
Experience our Expertise
The worlds local bank

Headquarters of Nationalised & Public Sectors Bank in India

1. SBI
2. State Bank of Bikaner and Jaipur

3. State Bank of Travancore

4. State Bank of Mysore
5. State Bank of Patiala
6. State Bank of Hyderabad
7. Union Bank of India
8. Bank of India
9. Central Bank of India
10. Dena Bank
11. IDBI Bank
12. Allahabad Bank
13. UCO Bank
14. United Bank of India
15. Punjab National Bank
16. Oriental Bank of Commerce
17. Punjab and Sind Bank
18. Bhartiya Mahila Bank
19. Canara Bank
20. Vijaya Bank
21. Indian Bank
22. Indian Overseas Bank
23. Bank of Baroda
24. Syndicate Bank
25. Corporation Bank
26. Andhra Bank
27. Bank of Maharashtra

New Delhi
New Delhi
New Delhi
New Delhi

Note: There are a total of 27 PSBs in India [21 Nationalised banks + 6 State bank group (SBI + 5 associates) ]
ii. At present there are 23 Private Banks functioning in India
iii. At present there are 56 RRBs (Regional Rural Banks ) functioning in India.
iv. At present there are 41 Foreign Banks functioning in India
FDI Limits
List of Limits in Various Sectors (In %)
Print Media
Civil Aviation
Public Sec. Banks
Private Sec. Banks
Multi Brand
Single Brand
Indi as GDP F ore cast:

India's economic growth has declined to 5.3 per cent during July to September, from the previous quarter's 5.7 per cent.
Fitch expects real GDP growth to pick up to 5.6 per cent in FY15 and 6.5 per cent in FY16
Domestic ratings agency India Ratings revised down its economic growth estimate for 2014-15 fiscal to 5.6 per cent.
Organisation for Economic Co-operation and Development, OECD has projected 5.4 percent growth for the Indian
economy for 2014 -15 year.
RBI pegged 2014-15 GDP growth at a central estimate of 5.5 % will improve to 6.3 per cent in 2015-16.
World Bank estimates 5.6% growth for current fiscal i.e. 2014-15 and 6.4 per cent in 2015-16 and 7 per cent in 2016-17.
IMF projected GDP growth for India in 2014-15 at - 5.6 % & 6.4 % in 2015
ADB pegs India GDP growth rate for 2014-15 at 5.5 % & 6.3 % in 2015
JP Morgan cut India 2014-15 growth forecast to 5.1 percent from 5.3 percent
Economic and Social Commission for Asia and the Pacific,(ESCAP) - Indian economy to grow at 5.5 percent in current

Moody (Credit Rating Agency) projected India growth rate expected to accelerate to 5.2 % in 2014 and 6.5 % by end of
FICCIs Economic Outlook Survey estimated Indias GDP growth rate at 5.6 percent in 2014-15
According to a UN report Indian economy expected to grow by 5.5% in current fiscal.
According to United Nations Conference on Trade and Development (UNCTAD) Indian economy will grow at a rate of
5.6 per cent in 2014
India ranking in different Indexes:
1. Transparency International India (TII) Corruption Index India ranked 85th among 175(Denmark topped)
2. World Bank - Ease of Doing Business" report - India ranked 142 among the 189 countries (Singapore top)
3. Political empowerment sub index 15 (Iceland top the list, US ranked 20)
4. World Economic
5. Forum's 2014 Gender gap index 114 (Iceland top the list followed by Finland & Norway)
6. Global Hunger Index Report 2014: 55 (Mauritius top followed by Thailand and Albania)
7. Human Development Index 2014 135 (Norway top followed by Australia).
8. Global Environment Performance Index 2014 155 (Switzerland followed by Luxembourg, Australia)
9. Intellectual property (IP) environment 2014 25 (US ranked on the top followed by UK and France)
10. World Press Freedom Index 2014 - 140 in the list of 180 countries
11. World's best countries for doing business 2014 134
12. Global Peace Index 2014 143 (Iceland top the list while Syria the most violent place)
13. Global Innovation Index 2014 - 76
14. Global Competitiveness Index 2014 -71 (Switzerland is the most competitive economy, followed by Singapore).
Index/Reports Issued by different organizations in World:
1. World Economic Outlook is published by: International Monetary Fund (IMF).
2. Global Hunger Index is issued by: International Food Policy Research Institute
3. Global Peace Index is issued by: Institute for Economics and Peace
4. Global Corruption Index is issued by: Transparency International
5. Global Competitiveness Index is issued by: World Economic Forum
6. Human Development Report is issued by: United Nations Development Programme (UNDP)
7. Gender Inequality Index is issued by: United Nations Development Programme (UNDP)
News Related to Banking & Finance
1. Anil Ambani led Reliance Group has sold its multiplex business to South India-based Carnival Group in the largest ever
deal in this space.
2. Wholesale inflation hits zero, lowest in over 5 years.The Wholesale Price Index (WPI) based inflation was at 1.77 per
cent in October and 7.52 per cent in November 2013.
3. Indias Forex reserves down $1.64 billion.The value of special drawing rights (SDRs) was lower by $21.6 million at
$4.20 billion.Gold reserves for the week under review were down by $753.2 million at $18.98 billion.
4. ONGC declares interim dividend, notifies 3 discoveries in Krishan Godavari Basin and Mumbai offshore and it will pay
its shareholders an interim dividend of 100 per cent.
5. Delhi HC banned Xiaomi to sell phones in India over patent issue with Ericcson.
6. Tata Power acquired 540 MW thermal power plant for 3000 crore rupees in Maharashtra.With this deal, Tata Power
aimed to increase its total capacity to 8885 MW.
7. India forex reserves up $ 1.432 billion to $ 316.311 billion
8. i. India's forex reserves surged by 1.432 billion US dollar to 316.311 billion dollar in the week ended 28th November.The
country's gold reserves remained unchanged at 19.738 billion dollar. The Special Drawing Rights increased by 6.4 million
dollar to 4.229 billion dollar, while the country's reserve position with the IMF also rose by 2.5 million dollar to 1.521
billion dollar during the week.
9. Mandatory for PSUs from 1st April, 2015 to procure 20 percent of products manufactured by MSME: Govt.
10. Kotak Mahindra Bank launches savings bank account for customers of 55 years and above. According to the release,
customers will earn 6 per cent pa on savings balance of over Rs 1 lakh and 5 per cent on balances up to Rs 1 lakh.To
earn higher return on their balances, they can sign up for the Kotak ActivMoney facility, which converts savings account
balance above a certain amount into term deposits.
11. ICICI Bank ties up with price comparison app Zopper for offline and online.
12. ICICI Bank sells Russian subsidiary - ICICI Bank Eurasia to Sovcombank.
13. PSU bank ATMs will be able to print in Hindi soon.
14. Central Bank to raise Rs. 626.23 cr from preferential issue to LIC.The capital raising committee of the board approved

raising of additional equity capital by issuance of up to 8.28 crore shares at Rs. 75.55 a equity, Central Bank of India said in
a statement.
15. Punjab National Bank (PNB) on Wednesday said it will continue giving free transactions to all saving bank account
cardholders using PNB ATMs, irrespective of the number of transactions.
16. Canara Bank has signed a memorandum of understanding with Micro Energy Credits Corporation to finance bank
customers buying energy efficient green products such as cook stoves, solar home systems, biogas digestors and water
purifiers.The partnership has identified Chitradurga district in Karnataka to promote such green products on a pilot basis.
17. Kotak Mahindra Bank is the first bank to fully own an insurance business
i. Kotak Mahindra Bank BSE 0.07 % on Tuesday became the first bank to get the Reserve Bank of India's (RBI's)
permission to set up a wholly-owned non-life insurance company.
ii. The bank is already the promoter of a life insurance company in partnership with Old Mutual of South Africa.
Note: i. RBI guidelines allow a bank to hold max 50 per cent in insurance joint venture. However, RBI allowed some
exceptions, like SBI and ICICI Bank. In both these partnerships, the banks hold 74 per cent.ii. Kotak General Insurance will
be the 29th non-life company in the country. The last non-life insurer to get permission from the regulator was Cigna TTK
a health insurance company.ii. The last company to set up a full-fledged general insurance business was Liberty
Videocon General Insurance.
18. China beats India in November FII inflows: HSBC
i. According to the global financial services major, after two consecutive months of sell-offs, FIIs have warmed up to Asian
equities and all markets have received positive flows in November as the region recorded net inflows of $5.3 billion, out of
which India attracted $1.4 billion.
ii. Among Asian economies, China regained the top position as the most loved market, pushing India down to second
position in the region, while Thailand was placed at the third spot.
19. GMR Infrastructure has received the Securities and Exchange Board of India approval to raise up to Rs. 1,500 crore
through rights issue.
Note - In a rights issue, shares are issued to existing investors as per their holding at a pre-determined price and ratio.
20. E-retailing firm launched the online Agri store offering agricultural products to the farmers. The store was
launched on the occasion of National Farmer's Day (24th December).
i. The Agri Store aims to offer wide variety of farm items from seeds to fertilisers, farming tools and irrigation tools. This
online store is also accessible through mobile phones, making it convenient for farmers to shop.A Hindi version of the
store will also be launched soon to aid farmers in making an informed decision.
21. Government approved promulgation of an Ordinance to hike Foreign Direct Investment (FDI) cap in the insurance sector
to 49 per cent from 26 per cent.
i. The Insurance Bill, which has been pending since 2008 in the Rajya Sabha, seeks to increase the composite foreign
investment limit in insurance companies to 49 per cent from current level of 26 per cent.
ii. The proposed hike in foreign investment limit to 49 per cent in the insurance sector has potential to attract up to USD 78 billion (about Rs 50,000 crore) from overseas investors, giving a major boost to the segment.
iii. The 49 per cent cap would include both FDI and foreign portfolio investments.
22. Rajya Sabha refers two bills to Select Committees. The Payment and Settlement Systems (Amendment) Bill, 2014 and The
Repealing and Amending Bill, 2014 were passed by Lok Sabha in the Winter session of Parliament.
i.The Select Committee for Payment and Settlement Systems (Amendment) Bill, 2014 consists of 13 members.
ii. The other bill sent to the Select Committee is the Repealing and Amending Bill, 2014, which seeks to repeal 90
Amendment Acts which have become redundant.
23. Private sector lender Yes Bank has raised $200 million in an unsecured loan from Asian Development Bank for onlending
to small farm households and rural womens self help groups (SHG).
24. The Foreign Investment Promotion Board(FIPB) clears HDFC Bank's proposal to raise Rs 10,000 crore .
25. SEBI bars 260 entities for suspected tax evasion and laundering of black money through stock trading platforms, the
Securities and Exchange Board of India barred 260 entities, including individuals and companies, from the securities
markets.While 152 entities have been barred in one case relating to an entity, named First Financial Services Ltd, another
108 entities have faced the action in a case related to Radford Global Limited.
26. Flipkart files application with Singapore based companies regulator ACRA to become a public company after raising USD
700 million for long term strategic investments in India following which its number of investors exceeded 50.
27. Instagram worth $35 bn, surpasses Twitter. This beats Twitters market cap of $23 billion by a wide margin,
28. Adani Group's Australian subsidiary has signed an MOU with a South Korean steel giant POSCO for the construction of a
new strategic terminal at Abbot Point coal port to export high-quality coal globally at competitive rates.
29. Kotak Mahindra acquired ING Vysya Bank deal at around Rs 15,000 crore.
i. Kotak Mahindra Bank announced it was acquiring Bengalaru-headquartered ING Vysya Bank in an all-stock deal. ING
shareholders will get 725 Kotak Bank shares for every 1,000 shares they hold.
Note: ING Vysyas CEO-designate Uday Sareen will be inducted into the top management of Kotak; that is, operating

management committee, reporting directly to Kotak Mahindra Bank Executive Vice-Chairman & Managing Director Uday
Kotak. All ING branches and employees would become Kotak branches and employees.
ii. After the merger, the ING group, with a 6.4 per cent stake, will become the second-largest shareholder in the bank.
According to regulations, RBIs approval is required for an entity other than the promoter to have more than five per cent
stake in a bank.
30. Tech Mahindra Ltd., Indias fifth largest software services exporter, acquired US-based Lightbridge Communications
Corporation (LCC) for $240 million.
31. Mozilla Firefox replaces default Google search engine with Yahoo. Yahoo replace Googles search engine on Firefoxs Web
browser in the U.S.
32. Kisan Vikas Patra (KVP) relaunched; money to double in 100 months: The KVP, relaunched by Finance Minister Arun
Jaitley, will be available in the denomination of Rs 1,000; 5,000; 10,000 and 50,000. There will be no upper ceiling on
investment. Earlier, it was launched by the Government on April 1, 1988.
Key Points of KVP:
i. No PAN requirement for investment in Kisan Vikas Patra
ii. There will also not be any upper limit on investment.
iii. It will be available to the investors in the denomination of Rs. 1000, Rs. 5,000, Rs. 10,000 and Rs. 50,000, with no upper
ceiling on investment.
iv. The certificates can be issued in single or joint names and can be transferred from one person to any other person /
persons, multiple times.
v. The facility of transfer from one post office to another anywhere in India and of nomination will be available.
vi. With a maturity period of 8 years 4 months (100 months), the collections under the scheme will be available with the
Government for a fairly long period to be utilized in financing developmental plans of the Centre and State Governments
and will also help in enhancing domestic household financial savings.
33. ADB (Asian Development Bank) approves $350 mn for upgradation of roads in Madhya Pradesh.
34. Indian Renewable Energy Development Agency, IREDA and US-Exim Bank signed a Memorandum of Understanding,
MoU on cooperation on clean energy investment.
Note: US Exim Bank will provide USD one billion for medium and long-term loans to finance US technologies, products and
services utilized during commercial development activities within the clean energy sector by IREDA.
35. India to replace Bilateral Investment Promotion and Protection Agreement (BIPA) with a new pact to protect
investments: The government plans to replace bilateral investment protection treaties with a new pact Bilateral
Investment Treaty (BIT) that seeks to plug loopholes and enhance legal protection of foreign investors in India as well as
Indian investments abroad.
36. United Bank of India (UBI) decided to continue with five free ATM transactions per month (including non financial
ones) at other bank ATMs for all savings account holders in both metros and non-metros.
Note: As per the new guidelines of the Reserve Bank of India (RBI), banks in six metros New Delhi, Mumbai, Chennai,
Kolkata, Hyderabad and Bangalore are free to charge other bank customers beyond 3 ATM transactions per month.
Banks have also been allowed to restrict free transactions to 5 for customers at its own ATM network.
37. Financial inclusion: Kerala became the first state in the country to have bank accounts for all families under Pradhan
Mantri Jan Dhan Yojna (PMJDY).
Note: In addition, Goa, Chandigarh, Puducherry and Lakshadweep and three districts of Gujarat- Porbandar, Mehasana,
Gandhi Nagar, have also covered all households under PMJDY with at least one bank account.
38. Axis Bank, Indias third largest private sector bank, has launched a smart self-service terminal that enables customers to
deposit as well as withdraw cash from the same machine.
39. Andhra Bank launches saving schemes for children, teenagers 'AB Little Stars'
40. HDFC became the first listed Indian company among the 30 SENSEX firms to have more than 75 percent shareholding by
Foreign Institutional Investors (FIIs).
41. Private sector lender Axis Bank has signed a pact with NongHyup Bank (NH Bank) to enhance cooperation in treasury,
trade and other business between India and South Korea.
42. China UnionPay (CUP), the payments company which was created to rival Visa and MasterCard in the Middle Kingdom, is
setting up shop in India.
Note: i. CUP cards are accepted in over 140 countries across the world and the payments giant is keen on enabling
acceptance in India.
ii. Through the Discover network, RuPay cards can be used in China and CUP cards can be used in India.
43. Trade deficit narrows to $13 bn in Oct: Due to decline in oil import, India's trade deficit for the month October has
narrowed to 13 billion dollars as compare to the previous month of 14.25 billion dollars
44. Black money: I-T probe to be completed by March 2015
i. With the Centre submitting a list of 627 account holders in foreign banks to Supreme Court in the black money case,
Attorney General Mukul Rohatgi said that the deadline for investigation under the Income Tax Act into these accounts is
31st March 2015.

45. The World Bank offer financial help to create new infrastructure for Micro, Small and Medium Enterprises ( MSMEs) and
improve the condition of existing ones in Uttar Pradesh.
46. Collateral management firm Origo Commodities has tied up with NABARD to provide 'warehouse receipt financing' to
farmers in Andhra Pradesh and Telangana.
47. India set to become USD 2 trillion economy this year: IMF
Note: India is on the edge to become a USD two trillion economy this year, while its GDP size would cross another
milestone of USD three trillion after five years in 2019, according to IMF's latest world economic outlook.
ii. The United States would remain the world's largest economy in 2019 with a size of USD 22.15 trillion, followed by China
(USD 15.52 trillion) and Japan (USD 5.43 trillion).
48. Foreign direct investment in the services sector dipped by 9 per cent to USD 1.08 billion during the April-August period
of the ongoing fiscal. Note: The services sector contributes over 60 per cent to Indias GDP.
49. Karur Vysya Bank has bagged the Best Bank Award for Business Intelligence Initiatives among small banks.
50. Kerala-based Federal Bank was adjudged as the best bank for use of Technology for Financial Inclusion, Social Media
and Mobile Banking, Business Intelligence Initiatives and for Best IT Team, becoming the bank to have won the maximum
number of awards for 2013-14.
51. Corporation Bank launches e-Mandate service: To provide robust platform for large volume of repetitive payments,
Corporation Bank has launched the e-Mandate (digital mandate) service. The e-Mandate service will be beneficial to the
utility companies for monthly subscriptions/bill payments; insurance companies for premium payment by policy holders;
52. Kotak Mahindra Bank launched Facebook-based funds transfer platform KayPay
Note: KayPay is a bank agnostic payment product for Facebook users to send money to each other.
iii. KayPay is built on top of the mobile based Immediate Payment System (IMPS) that was launched by the National
Payment Corporation of India. Users have to register their bank accounts once to start using the service.
53. Asia Index launches new indices announced the launch of two more indices for investors in Indian market. S&P BSE
Sensex Futures Index and the S&P BSE CPSE Index
54. Retail inflation drops to 6.46 % in Sept this year
55. The Union Finance Ministry has allocated 520 crore rupees to NABARD to create warehousing infrastructure for
agricultural commodities in West Bengal.
56. Railways revenue earnings have gone up by over 12 per cent during first six months of this fiscal.
57. The upcoming Bandhan Bank has appointed FIS International, one of the largest banking and payments technology
solutions provider globally, to develop its core banking software solutions.
58. Govt. launch Jan Dhan scheme to promote financial inclusion: Prime Minister Narendra Modi launched 'Pradhan
Mantri Jan Dhan Yojana' to help the poor open bank accounts.
The slogan for the Pradhan Mantri Jan Dhan mission is Me r a Kh ata Bh agy a Vidh aata.
Benefits :
i. Every individual who opens a bank account will become eligible to receive an accident insurance cover of up-to Rs. 1
ii. HDFC Ergo General Insurance will provide the accident cover under the scheme.
iii. An additional Rs. 30,000 life insurance cover will be provided for those opening bank accounts before January 26,
iv. LIC (Life Insurance Corporation) will provide the life insurance cover of Rs 30,000 under the scheme
v. Rs 5,000 overdraft facility for Aadhar-linked accounts, Ru Pay Debit Card with and minimum monthly remuneration of
Rs 5,000 to business correspondents who will provide the last link between the account holders and the bank.
59. ICICI Bank offers Card less Cash Withdrawal at ATMs. Now, withdraw without a debit card at an ICICI Bank ATM, as the
bank facilitates cardless cash withdrawal service with the help of a mobile number.
60. IndusInd Bank launched a new customer service called Video Branch to enable customers to do a video conference with
the bank staff at convenience.
61. Employees Provident Fund Organization (EPFO) retains interest rate on provident fund at 8.75 percent for the current
62. Government notified minimum monthly pension of 1,000 rupees and a higher wage upper limit improvement to15,000
from 6,500 rupees for social security schemes run by retirement fund manager Employees Provident Fund Organisation.
63. Govt. to implement GST (Goods & Services Tax) new indirect tax regime from 1st April 2016. GST will replace VAT.
64. IndiGo has signed a $2.6 billion deal with Industrial and Commercial Bank of China Ltd (ICBC) for the lender to finance
more than 30 new aircraft
65. Asian Development Bank (ADB) has provided $63.3-million loan for improving urban services and strengthening
municipal and project management capacity in North Karnataka towns.
66. Supreme Court quashed allocation of 214 out of 218 coal blocks which were allotted to various companies since 1993
and in which it was claimed that around Rs 2 lakh crores were invested.
Note: A bench, headed by Chief Justice R M Lodha, saved only four blocks--one belonging to NTPC and SAIL each and two
allocated to Ultra Mega Power Projects--from being cancelled.

67. India to contribute USD 12 million to UN to tackle Ebola

68. Bangladesh to join BRICS Bank: Bangladesh has decided to join the newly formed BRICS Bank, an initiative of the world's
five emerging economies - Brazil, Russia, India, China and South Africa.
69. ICICI Bank offers EMI on debit cards: ICICI Bank, the countrys largest private sector bank, has launched EMI (equated
monthly installments) facility on debit cards to enable its customers to convert their high value transactions into easy
Note: ICICI bank is the first in the country to introduce this facility,
70. Inflation at 5-month low of 5.19 per cent in July
71. The Securities and Exchange Board of India, SEBI has imposed a penalty of 13 crore rupees on Reliance Industries
Limited for alleged irregularities in issuance of warrants by the company to its promoters.
72. India Ratings & Research revised its FY15 gross domestic product (GDP) growth forecast to 5.7 per cent from its April
2014 forecast of 5.6 per cent.
73. World Bank to give $153 mn loan for Odisha project: India has inked a loan agreement with World Bank for assistance of
$153 million (about Rs 920 crore) for the Odisha Disaster Recovery Project.
74. Exim Bank has extended USD 46 million line of credit to Mauritius for financing goods and defence related vehicles
75. World Bank has signed an agreement with the government to provide a loan assistance of USD 1,006.20 million for Sarva
Shiksha Abhiyan III, which is the largest ongoing "Education for All" programme in the world.
76. FICCI and IDBI signed an MoU for easy access to organised finance facility at competitive interest rates for micro, small
and medium enterprise (MSME).
Important Committees in News:
1. Union Finance Ministry constituted High Level Committee to interact with trade and industry to give
recommendations to the Central Board of Direct Taxes (CBDT) and the Central Board of Excise and Customs (CBEC) for
issuance of appropriate clarifications by way of circulars, on tax-related issues on a regular basis. The high level committee
will be headed by former Chief Economic Advisor (CEA) Ashok Lahiri.
2. TSR Subramaniam Committee: to review the processes, laws and Acts of the Ministry of Environment, Forests and
Climate Change
3. Pratyush Sinha committee: to assess compensation for coal blocks.
4. The former Union Minister Jairam Ramesh designated as the head of Future Earth Engagement Committee, a global
research platform panel on sustainable development.
5. T.K. Vishwanathan committee: to provide Bankruptcy code for small and medium enterprises (SMEs).
Note: The committee will prepare a report on corporate bankruptcy framework for SMEs by February 2015.
6. Justice Prabha Sridevan committee: to function as a think-tank to help draft a new National Intellectual Property Rights
Policy (National IPR Policy)
7. K.V. Kamath panel: to examine the financial architecture for Micro, Small and Medium Enterprises (MSME) sector.
8. Gopalakrishna Committee: on Capacity Building in Banks and non-Banks
9. G N Bajpai Committee: to review the investment guidelines for national pension system (NPS) schemes in private sector.
10. Scientist Raghunath Anant Mashelkar panel: to recommend best technologies for Prime Minister Narendra Modi's "Swachh
Bharat" national sanitation campaign.
Note: The terms of reference include achieving Prime Minister Modi's "Swachh Bharat" goals by 2019,
11. T S R Subramanian Committee: to review five key green laws concerning protection and conservation of environment,
forest, wildlife, water and air among others.
12. H R Khan Committee: to examine the un-claimed amount in PPF, Post Office and Savings Schemes.
13. H Devaraj Committee: reported that most of the deemed universities are not fit for being a university.
14. Sivaramakrishnan Committee: to suggest the place to build the capital city of Andhra Pradesh
15. Former RBI Governor Bimal Jalan to head the Expenditure Management Commission. The purpose of setting up the
commission is to cut-off the spending and review government expenditure to get maximum output.
16. Justice CS Dharmadhikari Committee: recommended complete ban on dance bars in hotels and restaurants .
17. R. Ramanujam Committee - to review, identify and recommend amendment in obsolete laws to further smoothen and
simplify the governance.
18. R.K. Singh Committee: to review parliament security
19. Hari Gautam Committee: to review present status of University Grant Commission
20. G. Padmanabhan Committee: implementation of Bharat Bill Payment System (BPPS)
21. Nachiket Mor committee: for small and payments bank
22. Nachiket Mor Committee: to permits NBFCs to work as Business Correspondents of banks.
23. Deepak Mohanty Committee: on Data and Information Management in the Reserve Bank of India
24. PJ Nayak: to review Governance of Boards of Banks in India.

25. Nachiket Mor - committee on comprehensive financial services for small businesses and low-income households.
26. Parthasarathi Shome. for Tax Administration Reform Commission (TARC)
27. Arvind Mayaram Panel: report on the alleged irregularities at the National Spot Exchange Ltd (NSEL)
28. Arvind Mayaram Committee for giving clear definitions to Foreign Direct Investment (FDI) and Foreign Institutional
Investment (FII)
Important News (India & World):
1. US President Barack Obama to be the Chief Guest of Indias Republic Day 2015.
Note: He will be the first US President to attend the Republic Day Parade of India.
ii. Obama will be the first US President to travel to India twice. Earlier, he had visited India at the invitation of then Prime
Minister Manmohan Singh in 2010.
2. Rahman and Jal for Oscars:rehman his third Oscar nomination in the best original score category after making it to the
list of 114 probables.while Hindi film Jal also features in the long list of best picture Oscar hopefuls.Jal features in the best
picture list as an independent submission, while India will officially be represented at the Academy awards in the best
foreign feature category by Liars Dice.
3. Central Sydney under Siege:Terrified hostages cowered inside a cafe in central Sydney with an Islamic flag displayed
against a window at the Lindt chocolate caf.
4. Lima talks: New draft text introduced without consultation.190 countries gathered at the U.N. Climate Change
Conference in Lima, Peru to work on drafts for a global climate deal that is supposed to be adopted next year in
Paris.Developing countries have been opposing the mitigation centric approach of the developed countries which are not
ready to commit to financial targets or technology transfer.
5. Russian President Vladimir Putin, offered the Ruias-promoted Essar Group a $1-billion credit line and an $8-billion
crude supply contract.The steel-to-oil Indian conglomerate signed two separate agreements with St Petersburg-based
Vneshtorgbank (VTB) and Moscow-based Rosneft.
6. Bhutan became 181st member of Multilateral Investment Guarantee Agency (MIGA). A, agency of World Bank.MIGA is
the political risk insurance and credit enhancement arm of the World Bank Group.
Benefits of becoming a member
i. The move will allow the private sector and corporations of a country to explore external commercial borrowing
(ECB).Once a member of MIGA, the private sector and corporations in the country will have the option of directly applying
to MIGA for issuance of guarantee to attract Foreign Direct Investment (FDI).
7. Russia agrees with India to construct 12 nuclear reactors India over 20 years, under an agreement aimed at boosting
nuclear energy cooperation signed by the two countries.
8. A US-based intelligence think tank has placed Pakistan eighth in the list of the most dangerous countries in the world
which is led by Iraq.Afghanistan, the only other South Asian country in the list, is placed fourth in the Country Threat
9. BHEL commissioned 28 MW Nyaborongo Hydro Electric Project in Rwanda on turnkey basis.
10. Ministry of Railways inaugurated Wi-Fi broadband services at New Delhi railway station
11. Indias second most up and coming destination for expats after China : HSBC
12. Human Rights Day observed globally on 10 December- theme for the 2014 Human Rights Day is Human Rights 365.
13. US based Uber taxis banned in Delhi, company blacklisted.
14. Air India, NBCC National Buildings Construction Corporation Limited sign MoU for development of land parcels of Air
India at various locations on joint venture basis.
15. Private entity cannot hold more than 26% stake in public-private joint ventures for coal block allocations. However, if it
is more than one private sector entity, the structure should be such that its stake does not exceed 49 per cent.A total of 92
blocks are being offered under the first round.
16. India, Japan to cooperate in the fields of Cyber security and Green Information and Communication Technology, ICT.
17. India celebrates 43rd Navy Day; President, PM salute devotion of Navy personnel.
18. Former Prime Minister Atal Behari Vajpayee's birthday on 25th December observed as national 'Good Governance Day'.
19. Egypt court declared Islamic State of Iraq and Syria a terrorist group.
20. The new natural gas price of USD 5.61, which is already among the lowest in Asia Pacific, is likely to drop to around USD 5
per unit in three years due to the variables included in the formula, Goldman Sachs has said.
21. Mumbai, Kolkata most vulnerable to loss of life, properties due to coastal flood: un
22. United Nations Framework Convention on Climate Change (UNFCCC).
23. Country's biggest oil company Indian Oil Corporation is looking at setting up a greenfield refinery on the West coast as
part of its expansion plans.Indian Oil Corporation Chairman B Ashok said there is a need for green field refinery by 202122. After setting up of Paradip Refinery in East coast, focus is now on setting up of a refinery in West coast region.
24. Dubai to invest $32-billion to build worlds largest airport.The Dubai International Airport is the worlds second

busiest airport after the London Heathrow.

25. Former Union Minister GK Vasan, who split from the Congress, has revived the Tamil Maanila Congress.
26. India and Nepal launched the first ever bus service between the two countries.To begin with daily buses will ply between
Delhi and Kathmandu. Later, there will be similar buses which will ply on two other routes - Delhi-Pokhara and VaranasiKathmandu.
27. Beijing banned smoking in all indoor public spaces like workplaces and public transport vehicles and it will be effective
from 1 June 2015.
28. European Union lawmakers overwhelmingly backed a motion urging anti-trust regulators to break up Google.
29. India today signed a Memorandum of Understanding, MoU, with Mozambique for cooperation in the field of oil and gas.
The MoU was signed in the presence of Minister of State for Petroleum and Natural Gas, Dharmendra Pradhan in New
30. Sanskrit to be 3rd language in Classes 6-8 in KV: Centre to SC
31. SAARC countries today signed a framework agreement on cooperation in power sector but failed to finalize the muchawaited motor vehicle and railway pacts for greater people-to-people contact and movement of goods due to opposition
from Pakistan. A time period of three months have been set for approval to the Motor Vehicle and Railway pacts.
32. Modi proposes SAARC business traveller card
i. Prime Minister Narendra Modi on Wednesday proposed a Saarc business traveller card 3-5 years for making it easier for
traders and merchants in the region to travel and access one anothers markets.
33. International Day for the Elimination of Violence Against Women observed across the world on 25 November 2014.i. The
campaign called Orange Your Neighbourhood to raise awareness against Gender-Based Violence will be held from 25
November to 10 December 2014.
ii. The campaign is part of Secretary-General Ban Ki-moon's campaign UNiTE to End violence against Women.
34. Three global organizations, the World Toilet Organisation (WTO), WASTE and the Financial Inclusion Improves
Sanitation and Health (FINISH), signed a memorandum of understanding (MoU) to end open defecation in India. The
agreement is for three years.
They share the common goal of making sanitation accessible and affordable to all citizens.
35. An Indian Railways team is in China to chalk out plans for conducting feasibility study to build the 1,754 km-long DelhiChennai high-speed train corridor, world's second largest bullet train line.i.The proposed corridor could be the second
largest in the world after China's 2,298 km-long Beijing-Guangzhou line which was launched last year. Running at a speed
of 300 km per hour, it covers the distance in about eight hours.
Note: India is currently considering two corridors for high speed trains. While Japan is conducting feasibility study for the
Bullet train project in Mumbai-Ahemdabad corridor, China will do the same for the Delhi-Chennai route which
expected to begin by early next year.
36. Nepal has given an Indian company permission to build a 900 megawatt hydropower plant. i. The two countries will sign
an agreement for the $1.04 billion project, which provides Nepal with free electricity and India energy for its powerhungry economy.
ii. The project, which will be built by Satluj Jal Vidyut Nigam (SJVN) Limited, was originally cleared in 2008 but never
implemented after Kathmandu lobbied for greater benefits.
37. Adani Group-owned Dhamra Port Company Limited (DCPL) would invest around Rs 7000 crore for expansion of cargo
handling facility.
i.Gujarat-based Adani group bought out L&T and Tata Steel's shares in the company in March 2014 at an enterprise value
of Rs 5500 crore.
ii . Following the acquisition, the second phase of development was to be initiated within 90 days and completion targeted
in 30 months.
iii. This continued expansion will allow Dhamra port to exceed 100 million tonnes of cargo capacity by the year 2020.
Note: The port, situated between Haldia in West Bengal and Paradip in Odisha, was mostly handling cargo like coal and
38. The Cabinet on Wednesday approved re-promulgation of an Ordinance to facilitate e-auction of coal blocks for private
companies for captive use and allot mines directly to state and central PSUs.
i. The re-promulgation of the Ordinance will enable the Coal Ministry to go ahead with its decision to give a total 101
mines, including 65 through auction, in the first phase.
ii. As many as 36 blocks will be directly allotted to state-owned companies. The government had increased the number of
coal mines to be auctioned or allotted in the first tranche to 101, from 92.
ii. Of the 101 blocks to be allotted and auctioned in the first lot, 63 mines would be given to the power sector, while the
rest would be for sectors like steel and cement.
39. Pakistan, Russia sign $1.7 billion energy deal to lay a gas pipeline from Karachi to Lahore, a move that may lead to further
improvement in their ties. the pipeline would be used to transport imported LNG from Karachi to Punjab province.The
energy agreement was signed during the day-long visit of Sergei Shoigu last month, the first visit by a Russian Defence
Minister to Pakistan in 45 years.

40. India observed National Mathematics Day to commemorate birth anniversary of Srinivasa Ramanujan on 22
December 2014.
41. US retail major Walmart to open new store in India after 2-year gap in Agra as it returns focus on India.The company,
which opened its last store in Bhopal towards the end of 2012.
42. US released three Cuban spies of Wasp Network. These spies were released as part of announcement restoring diplomatic
relations between the US and Cuba after more than 50 years of enmity.The Wasp Network is a spy ring of Cuba that
included five members of a 14 member espionage team called La Red Avipsa.
43. Carbon-dioxide emissions at all-time high of 35.3 billion tonnes in 2013. Brazil (6.2 per cent), India (4.4 per cent), China
(4.2 per cent) and Indonesia (2.3 per cent) reported a sharp rise in emissions of the greenhouse gas that year.China, the
United States and the European Union remain the top three emitters of carbon dioxide, accounting for 29 per cent, 15 per
cent and 11 per cent, respectively, of the worlds total.
44. SC directed Union government to complete fencing along Indo-Bangladesh border in 3 months.
45. LeT operations commander Zakiur Rehman Lakhvi, one the seven Pakistani nationals accused of planning and abetting
the 2008 Mumbai terror attacks, was granted bail on Thursday by the Anti-Terrorism Court.
46. Taliban militants detonated a suicide bomb and stormed a bank in southern Afghanistan .killing at least six people.
47. IRCTC tops 2014 Google search in India. E-commerce website Flipkart, PSU lender SBI Online, e-tailer Snapdeal and PNR
status were other most searched words.
48. India third on black money list. An international think-tank has ranked the country third globally with an estimated USD
94.76 billion (nearly Rs 6 lakh crore) illicit wealth outflows in 2012.
49. On 16 December 2014,seven members of the Tehrik-i-Taliban Pakistan (TTP) conducted a terrorist attack on the Army
Public School in the Pakistani city of Peshawar They entered the school and opened fire on school staff and children, killing
145 people, including 132 schoolchildren.
50. HRD ministry is planning to come up with a 'Think in India' drive to encourage students and researchers to come up with
innovations and new ideas and to keep the talent back home from leaving abroad.
51. Japan slips into recession: Japan's economy shrank for the second consecutive quarter, marking a technical recession in
the world's third largest economy.
52. IBM launches new e-mail service Verse: Tech giant IBM has launched a new e-mail application Verse for enterprises
that integrates social media, file sharing and analytics to help increase productivity.
53. The Oxford English Dictionary named "vape" the word used for the act of drawing on an electronic cigarette instead of
a burning stick of tobacco as its 2014 word of the year.
54. Mumbai top investment destinations among UAE based Indians: India's commercial capital Mumbai has once again
emerged as the most popular and attractive property investment hotspot among the UAE-based Indian expats.
Note: Bangalore grabbed the 2nd spot with 24.13 per cent votes going for it as the most favorite city for NRI property
55. Amul to set up Rs 200 crore unit in West Bengal.
56. PM Narendra Modi adopts Jayapur village (Varanasi), in his Lok Sabha constituency under Sansad Adarsh Gram Yojana.
57. Sachin Tendulkar adopted a village Puttamrajuvari Kandrika, a village in Gudur mandal of Nellore district in Andhra Pradesh under
Prime Minister Modis Sansad Adarsh Gram Yojana.
58. Union Home Minister and Lucknow MP Rajnath Singh has adopted Beti village in the district under the Pradhan Mantri
Adarsh Gram Yojna.
59. DD National to be re-launched with tagline Desh Ka Apna Channel
60. US President Barack Obama announces $3 billion contribution to Green Climate Fund to help poor countries cope with
the effects of climate change.
61. CRY launches project to end child labour : With an aim to end child labour and encourage children to go to school, Child
Rights and You has launched 'Project Unlearn' on the eve of Children's Day.
62. India has worlds largest youth population: UN report
Note: i. With 356 million 10-24-year-olds, India has the worlds largest youth population
ii. China is second with 269 million young people, followed by Indonesia (67 million), the US (65 million) and Pakistan
(59 million), Nigeria with 57 million, Brazil with 51 million, and Bangladesh with 48 million, the United Nations Population
Funds (UNFPA) State of the Worlds Population report said.
63. named Kangana Ranaut as its brand ambassador
64. Assam Zoo set to become the first zoo in world to have the critically endangered pig Pygmy Hog (Porcula salvania).
Pygmy Hog is the rarest and smallest wild pig in the world.
65. International students in US at record high, China tops list, India on 2nd : The number of international students
studying in the United States is at a record high with nearly one-third of them coming from China, followed by India that
sent over over lakh students to the country in 2013-14.
66. European aerospace giant Airbus is poised to sign a deal to deliver 50 long-haul carriers to US Delta Airlines in a contract
worth $14 billion at catalogue prices.
67. Scientists for the first time developed antibiotic-free drug named Staphefekt as an alternative to antibiotics.

Note: This new drug will aid in the fight against the antibiotics-resistant superbugs such as MRSA (Methicillin-resistant
Staphylococcus aureus).
ii. Staphefekt is based on a naturally occurring enzyme called endolysins produced by viruses and attacks infections
differently to antibiotics. Unlike antibiotics, it does not destroy the harmless bacteria that live in the body.
68. Suzlon Energy installed worlds tallest hybrid wind generator turbine in Kutch, Gujarat
69. Forbes list of World's Most Powerful People 2014.
Note: i. Russian President Vladimir Putin is on the top followed by Barack Obama and XI Jinping.
ii. Indian Prime Minister Narendra Modi ranked 15th on the Forbes list. The next Indian on the list is Mukesh Ambani at
36th rank.
Top 5 on the list
1. Vladimir Putin
2. Barack Obama 3. Xi Jinping
4. Pope Francis
5. Angela Markel
70. Burger King partnered with eBay to launch its burgers online.
71. Mumbai recorded the largest number of Internet users (16.4 million internet users) in India in 2014, a study conducted
by the Internet & Mobile Association of India (IAMAI).
Note: Delhi was second with a user base of 12.1 million followed by Kolkata recorded 6.27 million internet users.
72. India is working on the inclusion of Mauritius in the group of countries to be listed in its Visa on Arrival scheme.
73. United Nations (UN) chief Ban Ki-moon launched a global campaign in Kenya to end the deadly practice of female genital
Note: i. More than 125 million girls and women have been cut in 29 countries in Africa and the Middle East. If current
trends continue, 86 million young girls are likely to undergo same form of the practice by 2030.
74. India re-elected to UN Economic and Social Council
Note: The 193-member UN General Assembly elected 18 members of the UN Economic and Social Council (ECOSOC) to
serve a three-year term beginning January 1, 2015.
ii. The other 17 members to be elected to ECOSOC apart from India were Argentina, Austria, Brazil, Burkina Faso, Estonia,
France, Germany, Ghana, Greece, Honduras, Japan, Mauritania, Pakistan, Portugal, Trinidad and Tobago, Uganda and
75. 11 cities across Karnataka renamed Now Bangalore will be called Bengaluru, Mangalore (Mangaluru), Mysore (Mysuru), Bellary (Ballari),
Belgaum (Belagavi), Hubli (Hubballi), Tumkur (Tumakuru), Bijapur (Vijayapura), Chikmagalur (Chikkamagaluru),
Gulbarga (Kalaburagi), Hospet (Hosapete) and Shimoga (Shivamogga).
76. SunEdison signed MoU with Rajasthan Government to set up 5000MW solar projects.
77. Sweden became the first European Union (EU) country to officially recognise the State of Palestine.
78. India is home to the second largest proportion of high-earning expatriates in the world after China and ahead of countries
such as Switzerland, Russia and Hong Kong - according to the seventh Expat Explorer survey by HSBC Expat.
79. Japanese telecom giant SoftBank will invest USD 627 million (about Rs 3,762 crore) in the online marketplace company
80. European Union leaders struck a deal on a new target to cut carbon emissions out to 2030.
Note: In the meeting held in Brussels EU leaders agreed for the 28-nation bloc to cut its emissions of carbon in 2030 by at
least 40 percent from levels in the benchmark year of 1990. An existing goal of a 20-percent cut by 2020 has already
been nearly met.
81. The European Union has nearly doubled its assistance to combat the raging Ebola virus in West Africa to 1 billion euros.
82. According to World Steel Association (WSA) data, India is worlds 4th largest steel maker. With 62.41 million tonnes
output, India remains the worlds fourth largest steel producer in the first nine (Jan- Sept) months of the current year,
preceded by China, Japan and the US.
83. Switzerland is the worlds favourite destination among expats, followed by Singapore and China, a poll on quality of life
by HSBC Bank. Other top-ranked countries were Germany, seen as stable and safe, followed by Bahrain, New Zealand,
Thailand, Taiwan, India and Hong Kong.
84. India wins UNHRC re-election. India was re-elected to the UN Human Rights Council (UNHRC) from 2015-17, receiving
the highest number of votes in the Asia-Pacific group.
Note: India is currently a member of the 47-nation UN Human Rights Council (UNHRC) and its first term is due to end on
December 31, 2014.
85. Stamp on Sri lankan Buddhist monk Anagarika Dharmapala released
86. To ensure speedy recovery of dues for investors and others hit by 5,600-crore rupees fraud at the National Spot Exchange
Ltd, Govt orders merger of National Spot Exchange Ltd (NSEL) with its holding company Financial Technologies India Ltd
87. A five-year-old Indian boy, Harshit Saumitra, is the youngest to reach Everest Base Camp
88. WHO declares Nigeria free of Ebola.
89. According to WHO - Pakistan, along with Afghanistan and Nigeria, are the only three countries in the world where polio

remains endemic.
90. Union Cabinet approved inter-governmental MoU to upgrade Chabahar port of Iran. Chabahar port is located in the
Sistan-Baluchistan Province on south-eastern coast of Iran, which lies outside the Persian Gulf and it is easily accessed
from western coast of India.
Note: Two Indian companies Jawaharlal Nehru Port Trust (JNPT) and Kandla Port Trust (KPT) will comprise this
91. Venezuela, Angola, Malaysia, New Zealand and Spain were elected as non-permanent members of United Nations Security
Council (UNSC) for two-year terms beginning on 1 January 2015.
Note: The five permanent Council members, which each wield the power of veto, are China, France, Russia, the United
Kingdom and the United States.
ii. Along with Lithuania, the non-permanent members that will remain on the Council until the end of 2015 are Chad, Chile,
Jordan, and Nigeria.
92. Powerful typhoon Vongfong struck Japan.
93. Hurricane Gonzalo struck Bermuda
94. The United Nations owes India USD 110 million, the second highest outstanding payment to any country, for costs
relating to peacekeeping operations and troops.
Note: Apart from India, Ethiopia was owed the largest amount at USD 137 million, Pakistan at USD 109 million and
Bangladesh at USD 108 million.
95. India among five nations to build world's largest telescope (Thirty meter Telescope TMT).
Note: India along with Japan, the US, China and Canada will start work on the worlds biggest telescope on Mauna Kea
Hawaii Island
ii. The 30-meter telescope will be established near the summit of the Mauna Kea volcano with a cost of $1.4 billion.
iii. Japan is expected to cover about a quarter of the construction costs.
96. India ranks 18th on list of most desirable places to work.
Note: The US has been ranked on the top, followed by the UK, Canada, Germany and Switzerland, making them the five
most desirable countries to work on the list compiled by the Boston Consulting Group, total, and The Network.
97. Nokia to shut down its Chennai factory from Nov. 1, 2014.
98. Sebi bars DLF and its chief KP Singh from securities market for 3 years after finding the company guilty of "active and
deliberate suppression" of material information at the time of its public offer.
99. Amazon founder Jeff Bezos visited India. Amazon said it will invest USD 2 billion (over Rs 12,000 crore) in India to
expand business, a day after its largest Indian rival Flipkart announced USD 1 billion in funding
100. Union Government declared 25 September as Antyodya Diwas. Antyodya diwas was observed to mark the 98th birth
anniversary of Pandit Deendayal Upadhyay.
101. Chinas e-commerce giant Alibaba gets approval to set up private bank in China
102. Alibaba Group Holding Ltd's initial public offering (IPO) now ranks as the world's biggest in history at $25 billion, after
the e-commerce giant and some of its shareholders sold additional shares. Jack Ma is the founder of Alibaba
Note: The IPO surpassed the previous global record set by Agricultural Bank of China Ltd in 2010 when the bank raised
$22.1 billion.
103. Bamiyan has been selected to be the SAARC cultural capital for a year beginning April 2015. Dhaka will be the SAARC
cultural capital in 2016-17. The year 2016-17 will also be declared the SAARC Year of Cultural Heritage.
104. Forbes India released The 100 Richest Indian List 2014: According to the Forbes India List, the Top 10 Richest people
of India:1. Mukesh Ambani; 2. Dilip Shanghvi; 3. Azim Premji; 4. Pallonji Mistry; 5. Lakshmi Mittal; 6. Hinduja brothers;
7. Shiv Nadar; 8. Godrej family; 9. Kumar Birla; 10. Sunil Mittal
Note: Mukesh Ambani topped the list for the eighth consecutive year with a net worth of 23.6 billion US dollars.
105. Prime Minister Narendra Modi to be conferred with honorary doctorate degree by the Dr Nelson Mandela School of
Public Policy of the university.
106. NASAs MAVEN spacecraft enters Mars orbit to study how the Red Planets climate changed over time from warm and
wet to cold and dry.
107. India may become fifth largest exporter by 2030: HSBC report
Note: The report says, UAE is likely to remain top export destination for India till 2030, and China is forecast to emerge as
the second largest export market, displacing the US by 2030.
108. Supreme Court ruled 3 percent quota for disabled persons in all government jobs
109. The Asian Development Bank has agreed to give $150-million loan to the Government of India to help build
transmission lines for renewable energy in Rajasthan.
110. Tata Nano to be revamped and launched as a 'Smart City Car' next year.
111. United Bank of India declared Kingfisher Airlines and its owner Vijay Mallya as willful defaulter
Note: Wilful Default: A wilful default occurs when either a borrower has not repaid when he can do so, or when sanctioned
funds have been used for other purposes or when the borrower disposes off the assets assured for availing of the loan
without the banks knowledge.

112. Asia's first Ballistic Research Centre to open in Gujarat: India will have Asia's first Ballistic Research Centre which will
help it in achieving self- reliance in testing of armored vehicles.
113. 2015-16 to be observed as Water Conservation Year.
Important News - States

The United States (US) became the partner country for Vibrant Gujarat Global Investor Summit 2015.
Note: US will be the eighth country to partner the event. Other partner countries include UK, Netherlands, Canada,
Australia, Singapore, South Africa and Japan.
2. Gujarat to host 13th edition of Pravasi Bharatiya Divas.2015 happens to be the 100th year of Mahatma Gandhis return
to India from South Africa. To reflect this, the event will showcase his work and achievements.Theme Bharat ko jano and
Bharat ko mano.
3. BJP emerged as single largest party in Jharkhand for the 81-member assembly. Out of 81 seats BJP won 37 While JMM
won 19 seats.CONG-6,JVM-8.
4. PDP emerged as the largest party in the assmbly elections in Jammu and Kashmir won 28 seats. Out of 87 seats BJP won
25 seats.NC-15 CONG-12
5. 22 states, UTs support bill to prevent 'honour killings'.
6. Andhra Pradesh Government signed MoU with Singapore for development of its new capital that is set to come up
near Vijawayada region.
7. World Bank, ADB to assist AP in Hudhud cyclone relief works.The World Bank Country Director is Omno Rahl and
Country Director of Asian Development Bank (ADB) is Theresakho.
8. Focusing on improving connectivity to the Northeast, Prime Minister Narendra Modi said the Centre would provide Rs
28,000 crore for laying new railway lines in the region and develop the untapped tourism potential of the area.Prime
Minister said that the Centre has sanctioned Rs 5000 crore to provide 2G mobile coverage in this area for comprehensive
telecom development plan of the northeast region.The Prime Minister said his government has decided to set up
a National Sports University in Manipur and the people of the region will be great beneficiaries.
9. Prime Minister Narendra Modi on Monday dedicated to the nation the second unit of the 726 MW gas-based power plant
at Palatana in Tripura. A host of dignitaries from India and Bangladesh, which facilitated transportation of heavy
machineries to the plant, were present on the occasion.
10. Prime Minister Narendra Modi flagged off the first train from Mendipathar in Meghalaya to Guwahati.
11. Namsai officially became the 18th district of Arunachal Pradesh. The Chief Minister of Arunachal Pradesh Nabam Tuki
made the declaration.
12. Haryana government reversed the retirement age of government employees from 60 to 58 years. It also reversed the
retirement age of Class IV, visually impaired and handicapped employees from 62 to 60 years.
13. The Lok Sabha passed the National Capital Territory (NCT) of Delhi Laws (Special Provisions) Amendment Bill, 2014. The
bill was presented in Lok Sabha by the Union Urban Development Minister Venkaiah Naidu.
14. Gujarat announces Rs. 1,100-crore relief package for farmers.The package includes Rs. 600 crore worth of subsidy on
interest for agriculture loans and Rs. 500 crore on power bills.
15. Go green: Railways to set up 26 MW windmill to be built in Jaisalmer (Rajasthan) at a cost of Rs 150 crore
16. Prime Minister Narendra Modi announced Rs.745 crore relief for rebuilding damaged homes and hospitals in floodravaged Jammu and Kashmir. Rs.570 crore for rebuilding of damaged homes and Rs.175 crore for similarly affected
hospitals in the state.
17. Madhya Pradesh will celebrate 2015 as Tourism Year
18. BJP emerged as the largest party in the 2014 Assembly Elections of Maharashtra by winning 122 seats. The elections
were held for 288 seats
19. Bharatiya Janta Party (BJP) won the state assembly elections of Haryana. BJP by securing 47 seats emerged as the largest
party, with clear majority. The elections were held for total 90 seats
20. Gujarat government set up a Special Purpose Vehicle (SPV) to promote Vadodara as the state's cultural capital and
encourage tourism in the city.
21. First-ever Offshore Wind Power Project (100 MW capacity) in India will be set up at - Gujarat coast
22. Cyclonic Storm Hudhud was the strongest tropical cyclone of 2014 hit in Odisha and Andhra Pradesh
23. Cyclone Nilofar bring heavy rainfall in Kutch region
24. West Bengal government constituted task force to probe into Burdwan blast. Task force will be headed the Director
General of Police GM P Reddy
25. Bihar is the fastest growing State while Tamil Nadu is the worst performer, the latest data released by the Central
Statistics Office (CSO) has revealed.
Note: i. Bihars Gross State Domestic Product (GSDP) grew 10.73 per cent during 2012-13. The second-best performing
State is Madhya Pradesh, which grew at 9.89 per cent. Delhi is third with a growth rate of 9.33 per cent.
ii. All major industrial States lag behind Bihar. Growing at 7.96 per cent, Gujarat is ranked sixth and Maharashtra ninth
with 6.18 per cent.

26. Rajasthan becomes first state to start olive refinery. The refinery will be set up with a cost of Rs. 3.75 crore in
Lunkaransar area in the district of Bikaner.
27. Delhi Metro has been ranked second among 18 international Metro systems in terms of overall customer satisfaction in
an online customer survey.
Note: London DLR, Delhi Metro and Bangkok respectively were the best three performers in the Net Promoters Score
(NPS) category.
28. Indias first Skill development centre has come up in Udaipur, Rajasthan. The centre has been set up under the
Livelihood Skill Project.
29. Chhattisgarh will set up a Marine Fossil Park in Koriya district where fossils of Permian geological period were found.
The marine fossils of sea shells were discovered on rocks on the bank of Hasdeo river near Manendragarh in Koriya
district a couple of years back.
30. PM Narendra Modi inaugurated India Food Park in Tumkur in Karnataka.
Note: i. The food park is an initiative of Future Group chief Kishore Biyani.
ii. Moreover, Food Processing Ministry will approve 17 such food parks across the country over the next few months
31. Tamil Nadu government announced Price Stabilization fund for green tea leaf with a corpus of 12 crore rupees
32. Andhra Pradesh Govt. signed the Memorandum of Understanding (MoU) agreement with Google India for Digital AP
project. Google India will work with the AP government to get women and small and medium businesses online and help
them gain from the internet economy.
33. Alliance Air, the wholly owned subsidiary of Air India, signed a Memorandum of Understanding with the North East
Council for flight operations in the North East.
34. Punjab, tops in CPSE investments: Punjab, Maharashtra, Bihar and Odisha are the only four states amid top 20 major
states in India that have seen a surge in employment generated by the Central Public Sector Enterprises (CPSEs) while rest
of the states have recorded a fall ranging between 3-22 per cent
Note: Gujarat has rank 12th recorded a decline of over 14 per cent in employment generated by the Central Public Sector
Enterprises (CPSEs) between 2008-09 and 2012-13
35. The Uttar Pradesh government decided to open Nirbhaya Centers in all districts of the state.
36. MP to host Global Investors Summit at Indore to attract foreign investment
37. Goa became a permanent venue for the International Film Festival of India (IFFI).
38. DMRC observed World Green Building Week from 22 September 2014 to 27 September 2014. The Delhi Metro has decided
to design all its phase-III stations as green buildings.
39. Delhi Police to launch its first e-police station to deal with vehicle thefts
40. West Bengal cabinet cleared farmer-friendly project Sech-Bandhu Prakalpa to boost irrigation
41. Bihar government recognised transgender as third gender
42. Uttarakhand Government declared 9 September as Himalaya Diwas
43. Union Cabinet approved Telecom Development Plan for the North-Eastern Region. The proposal entails an estimated cost
of over Rs 5,336 crore.
44. Andhra gets new capital, to be located in Vijayawada region.
Note: Andhra Pradesh was bifurcated to create a new state of Telangana earlier this year in June. Hyderabad will serve as
the shared capital of Telangana and Andhra Pradesh for another 10 years until 2024. After that, Hyderabad will belong to
the new state of Telangana.
45. The country's first First kisan mandi outside is to set up at Alipur in north Delhi.
Note: This first such mandi, termed a 'kisan mandi', is being set up by the Small Farmers' Agri-Business Consortium
(SFAC), a body under the Union ministry of agriculture.
46. Karnataka became first state in India to launch Health Adalat.
Note: It was launched to address health issues at the grassroots level and ensure that all health facilities extended by the
government reached all sections of society.
47. Ancient Nalanda University, was formally inaugurated in its modern avatar by External Affairs Minister Sushma Swaraj
in Rajgir.
Note: Nalanda University Vice-Chancellor - Gopa Sabharwal
Chairman of the Governing Body of the university - Economist Amartya Sen
iii. Centre allocates over Rs. 2700 cr for Nalanda University
Council Ministers and their Constituency
1. Narendra Modi - Varanasi
2. Rajnath Singh - Lucknow
3. Sushma Swaraj - Vidisha (Madhya Pradesh)
4. Arun Jaitley - Rajya Sabha (Gujarat)
5. M. Venkaiah Naidu - Rajya Sabha (Karnataka)
6. Nitin Jairam Gadkari - Nagpur (Maharashtra)

7. Manohar Parrikar Rajya Sabha (U.P.)

8. Suresh Prabhu - Rajya Sabha (Haryana)
9. D.V. Sadananda Gowda - Bangalore North (Karnataka)
10. Uma Bharati - Jhansi (Uttar Pradesh)
11. Dr. Najma A. Heptulla - Rajya Sabha (Madhya Pradesh)
12. Ramvilas Paswan - Hajipur (Bihar)
13. Kalraj Mishra - Deoria (Uttar Pradesh)
14. Maneka Sanjay Gandhi - Pilibhit (Uttar Pradesh)
15. Ananth Kumar - Bangalore (South)
16. Ashok Gajapathi Raju Pusapati - Vizianagaram (Andhra Pradesh)
17. Anant Geete - Raigad (Maharashtra)
18. Harsimrat Kaur Badal - Bathinda (Punjab)
19. Narendra Singh Tomar - Gwalior (Madhya Pradesh)
20. Jual Oram - Sundargarh (Odisha)
21. Radha Mohan Singh - Purvi Champaran (Bihar)
22. Thaawar Chand Gehlot - Rajya Sabha (Madhya Pradesh)
23. Smriti Zubin Irani - Rajya Sabha (Gujarat)
24. Dr. Harsh Vardhan - Chandni Chowk (Delhi)
25. Ch. Birender Singh Rajya Sabha (Haryana)
26. J.P. Nadda Rajya Sabha (Himachal Pradesh)
New Minister Appointed : New Appointment in India
1. Manohar Parrikar Defence Minister
2. Suresh Prabhu - Railway Minister
3. D V Sadananda Gowda - Law and Justice Minister
4. Ravi Shankar Prasad: Communications and Information Technology
5. Jagat Prakash Nadda: Health & Family Welfare
6. Birender Singh - Minister for Rural Development, Panchayati Raj and Drinking Water and Sanitation
7. Dr. Harsh Vardhan: Science and Technology, Earth Sciences
8. Dr. Mahesh Sharma New Tourism Minister
Others Appoinment
1. Aziz Qureshi appointed as New Governor of Mizoram.
2. KK Paul is given the additional charge as the Governor of Uttarakhand.
3. Rajinder Khanna to be New Chief of RAW for a period of two years from December 31 after incumbent Alok Joshi
4. Jyotsna Suri elected as the President of the (FICCI) the Federation of Indian Chambers of Commerce & Industry
(FICCI).She succeeded Sidharth Birla.
5. Prakash Mishra takes over as DG of country's largest paramilitary and lead anti-Naxal operations force CRPF.Mishra
was an ex-Odisha police DGP and 1977-batch IPS officerv
6. Dineshwar Sharma has been appointed as the next chief of Intelligence Bureau(IB). he will succeed Syed Asif
Ibrahim whose tenure ends on December 31.
7. Randhir Singh appointed as honorary member of International Olympic Committee (IOC) in Monaco.
8. Anurag Jain appointed as joint Secretary in Prime Minister's Office (PMO) of India.
9. Govt appoints Dinesh Kumar as CEO of Polavaram Project.
10. Arun Duggal appointed as non-executive Chairman of Credit rating agency ICRA. He will replace Pranab Kumar
Choudhury who will resign from ICRA Limited and all other affiliated entities on 29 January 2015.
11. Anil Sinha takes over as new CBI Chief. Mr. Sinha is the third consecutive chief of the agency from Bihar following Ranjit
Sinha and A.P. Singh
12. Former Uttar Pradesh chief secretary Anoop Mishra was appointed as new Secretary General of the Lok Sabha. He was
appointed by Lok Sabha Speaker Sumitra Mahajan.
13. West Bengal Governor Keshari Nath Tripathi was appointed as Governor of Bihar.
14. Former Supreme Court judge CK Prasad is set to be appointed as the next Chairperson of the Press Council of India.
Prasad will succeed Justice Markenday Katju as the Chairman of the PCI
15. Deepak Gupta: appointed new Chairman of UPSC. He replaced Rajni Razdan.
16. Hasmukh Adhia: appointed Director of Central Board of Directors of the RBI.
17. Laxmikant Parsekar new Goa CM
18. Jawed Usmani appointed as State Chief Information Commissioner in UP
19. Mannan Kumar Mishra appointed Chairman of Bar Council of India

20. Hasmukh Adhia appointed Financial Services Secretary. He replaces GS Sandhu

21. Mallikarjun Kharge inducted into the three-member Chief Information Commissioner (CIC) selection committee
Note: The other two members of the committee are Prime Minister Narendra Modi (as head) and Union Finance
and Defence Minister Arun Jaitely.
ii. The Right to Information (RTI) Act, 2005 says that CIC selection can be done by a three-member panel comprising the
Prime Minister, who shall be the Chairperson of the committee, Leader of Opposition in Lok Sabha and a cabinet minister
nominated by the Prime Minister.
22. Anita Kapur appointed new Central Board of Direct Taxes (CBDT) Chairperson. He replace K V Chowdary
23. Tribal leader Ganpat Vasava new Gujarat Speaker
24. Surya Prakash appointed as Chairman of Prasar Bharti Board. He succeeded Mrinal Pande
25. Devendra Fadnavis : New Chief Minister of Maharashtra
26. Manohar Lal Khattar: New Chief Minister of Haryana
Note: Khattar won the Assembly polls from Karnal seat.
27. Arvind Subramanian appointed new Chief Economic Advisor.
28. Rajiv Mehrishi appointed new finance secretary. He replace Arvind Mayaram
29. Atul Kumar Jain: New Chief of staff for Southern Naval Command
30. Narinder Batra elected President of the Hockey India.
31. Murali Lanka: Chief Executive Officer (CEO) of WalMart India
32. Kaushal Srivastava: Chairman of the Central Board of Excise and Custom (CBEC)
33. Syed Muazzem Ali new Bangladesh Envoy to India. He replace Tariq A. Karim
34. Rajiv appointed acting Central Vigilance Commissioner (CVC). He replace Pradeep Kumar
35. Hemant Contractor New Chairman of Pension Fund Regulatory Fund and Development Authority (PFRDA).
36. O. Panneerselvam: new chief minister of Tamil Nadu. He replace J. Jayalalithaa
Note: He is 28th Chief Minister of Tamil Nadu.
37. Justice HL Dattu: new Chief Justice of India. He replace CJI RM Lodha
38. Le Yucheng appointed China's New Ambassador to India. He replace replaced Wei Wei
39. P Sathasivam appointed new Governor of Kerala. He replace Sheila Dikshit
40. Lalitha Kumaramangalam appointed new chief of the National Commission for Women (NCW). She replaces Mamta
41. BJP veteran L.K. Advani appointed as the chairman of the prestigious Ethics Committee of Lok Sabha.
42. Shah Rukh Khan appointed Ambassador of Interpols initiative Turn Back Crime campaign, aimed at promoting greater
awareness on how to prevent crime.
43. Adil Zainulbhai appointed as the Chairman of Quality Council of India (QCI).
44. Amit Mathew elected as chairman of Audit Bureau of Circulations
45. Suresh Prabhu appointed as PM Narendra Modis Sherpa for the Group of 20 annual Summit 2014.
Note: The G-20 annual summit will be held in Brisbane from 15 November to 16 November 2014.
ii. Suresh Prabhu will attend the G20 Sherpas meeting that is going to be held in Canberra, Australia from 30 September to
1 October 2014.
iii. Sherpa is a senior official responsible for preparing the agenda for leaders to consider during the summit.
46. India TV chairman and editor-in-chief Rajat Sharma appointed as the president of News Broadcasting Association
47. Former Union Home Secretary GK Pillai appointed Vice Chairman of Tata Steel
48. Hardeep Singh Puri appointed as Secretary General of Independent Commission on Multilateralism (ICM)
49. RN Ravi appointed as new chief of Joint Intelligence Committee.
Note: Intelligence Committee is a body tasked to assess intelligence gathered by various intelligence agencies including IB
and RAW.
50. T M Bhasin: New Chairman of Indian Banks Association. He replaces KR Kamath.
51. K V Thomas: new Chairman of Parliaments Public Accounts Committee.
52. K.V. Chowdary appointed as new Chairman of Central Board of Direct Taxes (CBDT). He succeed R K Tewari
53. Arvind Gupta appointed Deputy National Security Advisor
54. Aditya Vardhan Agarwal, new Vice-President of Indian Chamber of Commerce
55. Justice Dr. Chellur sworn in as Chief Justice of Calcutta High Court
56. Former India cricket captain Kapil Dev will head the Arjuna Awards selection committee for choosing this year's
outstanding sportspersons of the country
57. Former Hockey Captain Ajitpal Singh to head Dronacharya Award Selection Committee
58. Ravi Shankar joined infrastructure finance company IDFC as the head of Bharat Banking.
Note: IDFC, which recently bagged a commercial banking licence, plans to start bank operations by October next year.
The list of Cabinet Ministers:
59. Rajnath Singh: Home Minster
60. Sushma Swaraj: External Affairs & Overseas Indian Affairs

61. Arun Jaitley: Finance Corporate Affairs

62. M. Venkaiah Naidu: Urban Development Housing and Urban Poverty Alleviation & Parliamentary Affairs
63. Nitin Jairam Gadkari: Road Transport and Highways Shipping.
64. Uma Bharati: Water Resources, River Development and Ganga Rejuvenation
65. Dr. Najma A. Heptulla: Minority Affairs
66. Ramvilas Paswan: Consumer Affairs, Food and Public Distribution
67. Kalraj Mishra: Micro, Small and Medium Enterprises
68. Maneka Gandhi: Women and Child Development
69. Ananthkumar: Chemicals and Fertilizers
70. Ashok Gajapathi Raju: Civil Aviation
71. Anant Geete: Heavy Industries and Public Enterprises
72. Harsimrat Kaur Badal: Food Processing Industries
73. Narendra Singh Tomar: Mines & Steel Labour and Employment
74. Jual Oram: Tribal Affairs
75. Radha Mohan Singh: Agriculture
76. Thaawar Chand Gehlot: Social Justice and Empowerment
77. Smriti Zubin Irani: Human Resource Development
New Appointment in World
1. Tabare Ramon Vazquez Rosas won Uruguay Presidential Election 2014.Vazquez belongs to the leftist Broad Front
coalition party of Uruguay.replaed Jose Mujica who was barred by law from running for a second consecutive term.
2. Anerood Jugnauth appointed as Mauritius Prime Minister by the President Purryag by replacing Prime Minister
Navinchandra Ramgoolam.
3. Richard Rahul Verma -US Ambassador to India replaced Kathleen Stephens.
4. Ashton Carter new US defense secretary to replace Chuck Hagel as US Defence Secretary.
5. National Rifle Association of India ,NRAI, chief Raninder becomes first elected Indian in ISSF International Shooting
Sport Federation committee.
6. India's S Ravi in ICC panel of umpires for World Cup.
7. Richard Rahul Verma sworn in as US Ambassador to India by Secretary of State John Kerry.He will replace Nancy Powell,
who resigned in March after a damaging row over the treatment of diplomat Devyani Khobragade over visa fraud charges.
8. Japanese Prime Minister Shinzo re-elected for another four year term
9. US senate confirms Vivek Murthy as 19th Surgeon General of America.He is youngest person and first person of Indianorigin to hold the post.
10. Michel Kafando: New interim president of Burkina Faso
11. Klaus Werner Iohannis elected new President of Romania. He replace Traian Basescu.
12. Farhan Akhtar appointed as UN Women Goodwill Ambassador for South Asia.
13. Tata Sons Chairman Ratan Tata has been appointed to the board of Interpol Foundation to contribute to its two new
global initiatives aimed at combating organised crime and terrorist activities by the international police organisation.
14. Dilma Rousseff re-elected as Brazilian President for 2nd term
15. Joko Widodo: New President of Indonesia
16. Khaled Bahah: new Prime Minister of Yemen
17. Leah Kalanguka crowned as Miss Uganda 2014
18. Ron Klain : President Barack Obama appointed a former chief of staff Ron Klain as Ebola "czar."
19. Pratima Dharm - Georgetown University appoints Pratima Dharm as first Hindu priest
20. John Key re-elected as the Prime Minister of New Zealand for a third term
21. Ashraf Ghani sworn in as Afghanistan President. He replaced Hamid Karzai
22. Voreqe Bainimarama new Prime Minister of Fiji
23. Lieutenant General Rizwan Akhtar appointed Inter-Services Intelligence (ISI) chief
24. Leonardo DiCaprio appointed as UN Messenger of Peace
25. Kaushik Basu: International Economic Association appointed as President- Elect
Note: Amartya Sen became the first Indian to join IEA.
26. Subhash Chandra Garg appointed as Executive Director (ED) in World Bank.
27. Sergio Marchionne new Ferrari chairman. He replace Luca Cordero di Montezemolo
28. TCS re-appoints N Chandrasekaran as CEO
29. Recep Tayyip Erdogan: Turkey's new president
30. Haider al-Abadi : New Iraqi Prime Minister
31. Chief Prayuth Chan-ocha elected new PM of Thailand

1. Lima Climate Change Conference - December 2014
i. Officials from over 190 nations, including India converged in Lima at the UN climate summit to negotiate on a new
ambitious and binding deal to cut global carbon emissions.
ii. During the 12-day summit in the Peruvian capital, countries will put forward what they plan to contribute to the
2015 pact in the form of Intended Nationally Determined Contributions (INDCs) by the first quarter of 2015, well in
advance of the Paris conference in December.
iii. Environment Minister Prakash Javadekar leads India's 17- member delegation to negotiate terms for the final
agreement to be signed in Paris, which will take effect in 2020.

SAARC Summit: 18th SAARC 2014- Kathmandu (Nepal)

South Asian Association for Regional Cooperation (SAARC)
Headquarter - Kathmandu (Nepal)
Members 8 India, Nepal, Bhutan, Bangladesh, Afghanistan, Maldives, Pakistan, Sri Lanka (MBA IN BSP)
Note: i. This is the third time Nepal will host the SAARC Summit after 1997 and 2002.
ii. The 17th SAARC summit was held in November 10, 2011 in the South Province of Maldives
Theme of 18th SAARC Summit - Deeper Integration for
Peace, Progress and Prosperity

3. G 20 Summit:
G20 Leaders Summit (2014) held in Brisbane,
Queensland (Australia).
G-20 meeting (2014) of Finance ministers and central bank
governors held in Cairns (Australia).
G-20 Labour and Employment Ministerial meet held in Melbourne (Australia)
15th G-20 Summit 2015 Turkey
16th G-20 Summit 2016 China
About G-20i. The G20 is the premier forum for international economic cooperation and decision-making, with members from 19
countries plus the European Union.
iii. G20 members account for 85 percent of the world economy, 80 percent of global trade and two-thirds of the
world's population.
iv. The G20 represents all geographic regions of the world, but remains small enough to be an effective decision-making
v. The members are: Argentina, Australia, Brazil, Canada, China, European Union, France, Germany, Indonesia, India,
Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, United Kingdom and the United
4. NATO Summit 2014- Wales (Britain)
Note: This is the first NATO summit since Chicago in 2012,
ii. Britain last hosted the summit in 1990, when Margret Thatcher was Prime Minister
About NATO (North Atlantic Treaty Organisation) - NATOs essential purpose is to safeguard the freedom and
security of its members through political and military means.
Chief Jens Stoltenberg
Members 28 countries members.
Headquarter Brussels, Belgium
5.Nuclear security summit
i. 3rd Summit 2014 : Hague, Netherland
ii. 4th Summit 2016: United States
6.BRICS summit 6th BRICS Summit 2014: Fortaleza, Brazil Theme "Inclusive Growth: Sustainable Solutions.
Next 7th BRICS Summit to be held in Ufa, Russia
Note: Ufa is the capital city of the Republic of Bashkortostan, Russia, and the industrial, economic, scientific and cultural
centre of the republic.
The New Development Bank (NDB), is operated by the BRICS states (Brazil, Russia, India, China and South Africa) as an
alternative to the existing World Bank and International Monetary Fund.
The New Development Bank headquarter will be in Shanghai, China.

The Bank will have a rotating chair and its first President will come from India for the first six years.
7. IBSA Summit: India will host the next summit of IBSA (India, Brazil, South Africa) in New Delhi in 2015.
8.G 8 Summit:
G-8 Countries: Canada, France, Germany, Italy, Japan, Russia, Britain and the US
40th G-7 summit 2014 held at Brussels.
Note: It was the first time that the EU hosted a G7 summit. The summit is jointly represented by the European
Council President Herman van Rompuy and the European Commission President.
International Buddhist Conference 2014 held in Nepal
9th East Asia Summit held in Nay Pyi Taw, Myanmar
45th International Film Festival of India begins in Goa.
The International Renewable Energy Agency, IRENA hold its eighth Council meeting in Abu Dhabi.
The World Economic Forum summit held in New Delhi
India-Arab League officials meeting held in New Delhi
Sixth World Ayurveda Congress held in New Delhi.
Note: Theme of the sixth WAC was "Health Challenges and Ayurveda
10. The 10th edition of World Islamic Economic Forum, WIEF held in Dubai.
11. G-4 foreign minister meeting held in New York to discuss Security Council reform
Note: G -4 countries include- India, Brazil, Germany and Japan
12. UN Climate Change Summit 2014 held in New York
13. 13th edition of the Pravasi Bharatiya Divas (PBD) will be held for the first time in Gandhinagar, Gujarat.

India deal with China

India signs pact with China to better trade ties of $20bn: India signed a 5-year trade and economic cooperation
agreement with China with a view to improve the trade balance.
Important Points
1. India, China sign 3 MoUs including setting up Industrial Park in Gujarat
The agreements include
i. Sister city pact between Guangzhou in China and Ahmedabad
ii. Setting up of an industrial park in Vadodara district (Gujarat)
iii. The third is between the governments of Gujarat and a Chinese province.
2. New road to Kailash Mansarovar via Nathu La
3. Mumbai and Shanghai will be twin cities.
4. China will set up two industrial parks in India, one each in Gujarat and Maharashtra.
India deal with Japan
Important Points
1. Japan promise to give USD 35 to India thorugh public & private funding over the next five years for developmental
projects, including building of smart cities and next generation infrastructure as also cleaning of the Ganges.
2. Both sides signed 5 pacts covering defence exchanges, cooperation in clean energy, roads & hishways, healthcare
and women.
3. India, Japan sign MoU to develop Varanasi into smart city: by using the experience of Kyoto, the smart city of Japan,
under a pact signed b/w India & Japan.
4. Japan to work with India in finding sickle cell anemia remedy. Modi met Shinya Yamanaka, Japan's stem cell pioneer
and 2012 Nobel Prize winner for medicine, at Kyoto
University and discussed treatment of the disease.
MOUs-Deal between India & Other Countries
1. India extends $80-mn line of credit to Fiji: India announced a $75-million line of credit for Fiji for a co-generation
power plant and upgrading the sugar industry and also a $5-million fund to develop its villages even as the two
countries agreed to expand their defence and security cooperation.
Note : PM of Fiji - Frank Bainimarama, Capital of Fiji Suva, Currency - Dollar
2. China and Australia signed a memorandum of understanding (MoU) on bilateral Antarctic cooperation.

3. India and Australia signed five pacts on social security, transfer of sentenced prisoners, combating narcotics trade,
tourism, and Arts and Culture. Australian Prime Minister Tony Abbott and his Indian Counterpart Narendra Modi agreed
to have a Free Trade deal by 2015 end.
4. The government has allocated Rs 5,000 crore rupees under AYUSH Mission for promoting traditional methods of
treatment in the country.
5. India and Bhutan signed a Memorandum of Understanding (MoU) to develop Nalanda University in Bihar as an
international centre of excellence.
6. India and Republic of Korea signed an a Memorandum of Understanding (MoU) to facilitate technical cooperation in
Railway sector between the two countries.
7. Nepal, India agree to form task force to install petro pipeline.
8. Government is planning to cover the entire country under Indira Gandhi Maatritva Sahyog Yojana by 2016.
ii. The scheme envisages providing cash directly to pregnant and lactating mothers during pregnancy and lactation to
improve health and nutrition.
9. India, Vietnam decide to step up security, defence ties. India offers USD 300mn credit line to Vietnam for trade
10. India signed the Minamata Convention on Mercury with Japan.
Note: The Minamata Convention gives five years time to India to control and reduce emissions from new power plants and
10 years time for the already existing power plants.
11. India and Nepal have inked the Power Trade Agreement (PTA), allowing exchange of electricity and opening up new
vistas of cooperation in the hydro-power sector.
12. India and United Kingdom (UK) signed a Memorandum of Understanding (MoU) on Culture Cooperation over next five
13. India's low-cost carrier IndiGo signed a Memorandum of Understanding (MoU) to buy 250 A320neo Family aircraft worth
25.5 billion US dollars from Airbus Group. This agreement is Airbus single largest order by number of aircraft.
14. India and Norway signed 13 agreements to promote bilateral relations. These include agreement between Defence sector
of two countries and an agreement on exemption of visa requirement for holders of diplomatic and official passports.
15. ONGC Videsh Ltd, signed an agreement with Petroleos Mexicanos (Pemex) for cooperation in the Latin American nation.
Note: Mexico is the largest crude oil producing country in Latin America.
16. Nepal seeks technical cooperation from India for extending Provident Fund (PF)
17. India and Vietnam inked seven pacts, including one to enhance cooperation in the strategic oil sector, as they called for
freedom of navigation in the South China Sea,
18. Hero MotoCorp Limited has entered into an agreement with the Andhra Pradesh Government for setting up a Greenfield
two-wheeler manufacturing plant in Chittoor district
19. Latin American nation Peru has plans to sign a free trade agreement with India.
Note: Peru is the sixth largest gold producer, mining 5 million ounces every year. Peru is also the second largest producer
of silver and the third biggest producer of copper, tin, zinc and lead.
20. Bangladesh and India have signed a memorandum of understanding (MoU) for enhanced cooperation in the fields of
traditional medicine like Ayurveda and Unani,
21. United Arab Emirates has signed three agreements with the United Nations World Food Program, WFP, offering 31
million US dollars worth of humanitarian aid for the Syrian refugees.
22. Wildlife Trust of India (WTI) and Tata Chemicals Limited (TCL) signed MoU to setup Indias first Coral Garden in Gujarat.
This Coral Garden will be set up at Mithapur coastal region of Devbhoomi-Swarka district of Gujarat.
23. India and Germany agreed to prepare a roadmap for cooperation in skill development, solid waste management and
cleaning of rivers.
24. India signed loan agreement with World Bank for Mizoram State Roads Project (MSRP II). As per the agreement, soft
loan window of World Bank, International Development Agency (IDA) will provide assistance of 107 million US dollars
for the Project.
25. India and Czech Republic signed MoU on technical cooperation in Railway.
26. India to give grant of $1 million for construction of cricket stadium in Afghanistan. The stadium is set to come up in
Aino Mina, a northern suburb of Kandahar city on land donated to the Afghanistan Cricket Board in 2012.
Villages adopted by MPs in Sansad Adarsh Gram Yojana, SAGY
1. Narendra Modi has adopted Jayapur village from his constituency Varanasi in Uttar Pradesh
2. Union Home Minister and Lucknow MP Rajnath Singh has adopted Beti village in the Lucknow District
3. Sonia Gandhi adopted Udwa village in her constituency Rae Bareli in Uttar Pradesh.
4. Rahul Gandhi adopted Deeh village in his constituency Amethi in Uttar Pradesh

5. Sachin Tendulkar adopts Andhra village of Puttamrajuvari Kandrika

6. Union Minister V K Singh adopted Mirpur Hindu in Ghaziabad, Uttar Pradesh
7. Assam's first time Congress MP and Chief Minister Tarun Gogoi's son, Gaurav Gogoi adopts Gondhokoroi village in
8. BJP MP from Pauri BC Khanduri adopts Devli Bhanigram village in Uttarakhand
9. Hema Malini adopts Raval village in Uttar Pradesh
10. Arunachal MP Ninong Ering adopts Takilalung village in East Siang district
11. BJP MP from Haridwar Ramesh Pokhariyal Nishank to develop Govardhanpur under MP Model village scheme
12. Chiranjeevi adopts a village named Perupalam in West Godavari district
13. LS Speaker Sumitra Mahajan adopts Patlod in Indore District in Madhya Pradesh
14. Kirron Kher, member of Parliament (MP), Chandigarh, has adopted Sarangpur village in Chandigarh
Scheme & Plan Launched by Union & State Government:
1. Union Ministry of Health and Family Welfare launched Mission Indradhanush
Under Mission Indradhanush, four special vaccination campaigns will be conducted between January and June 2015 with
intensive planning and monitoring of these campaigns.
201 districts will be covered in the first phase of the mission, 297 districts will be targeted for the second phase in the year
Out of the 201 districts, 82 districts are in just four states of UP, Bihar, Madhya Pradesh and Rajasthan and nearly 25
percent of the unvaccinated or partially vaccinated children of India are in these 82 districts of 4 states.
The Ministry will be technically supported by WHO, UNICEF, Rotary International and other donor partners.
Mass media, interpersonal communication, and sturdy mechanisms of monitoring and evaluating the scheme are crucial
components of Mission.
2. Govt launches Digital India initiatives on Good Governance Day
To mark the Good Governance Day, Telecom Minister Ravi Shankar Prasad announced 21 schemes including one-month
rental free MTNL broadband and landline combo plans on new bookings.
Key projects include time stamping of digital signature, Integrated Indian Languages Virtual Keyboard for Android, PARAM
Shavak (Super computer in box solution), .bharat domain in Gujarati and Bangla, e-launch of Support International Patent
Protection in Electronics & IT scheme (SIP-EIT).
Another launch was that of C-DOT's solution MAX-NG, a cost effective and smooth migration path to Internet Protocol
Multimedia Systems (IMS).
Department of Electronics and IT (DeitY) also launched Gyansetu, which is an Internet based real time ICT system to
provide eServices to the rural population and e-Governance Competency Framework (e-GCF). DeitY has also taken various
initiatives like MyGov, Aadhaar-enabled Biometric attendance system, Jeevan Pramaan, eGreetings, eSampark, National
Digital Literacy Mission, eGovernance Competency Framework to promote good governance.
More about Gyan Setu Project
Electronics Corporation of India Limited (ECIL) has signed a Memorandum of Understanding with the Centre for
Development of Telematics (C-DOT) .
GYAN SETU helps the rural masses with low literacy level and has exposure only to local language, in getting connected
to the internet through a power optimized rugged platform for highly visual based e-services.
3. Union Government launched Madan Mohan Malviya National Mission on Teachers and Teaching
i . Union Government launched Madan Mohan Malviya National Mission on Teachers and Teaching on 25 December 2014.
ii. Prime Minister Narendra Modi launched the mission at Banaras Hindu University, Varanasi.
iii. The mission was launched the mission with an outlay of 900 crores rupees during 12th five year plan.
iv. It envisages to addressing comprehensively all issues related to teachers, teaching, teacher preparation, professional
development, Curriculum Design, Designing and Developing Assessment & Evaluation methodology, Research in Pedagogy and
developing effective Pedagogy.
Udaan programme for girls
i. Union Human Resource Development (HRD) Minister Smriti Irani launched Udaan programme for girls.
ii. The Udaan programme for girls is designed to provide a comprehensive platform to girl students to pursue higher education
in engineering and assist them in preparing for the IIT-JEE while studying in Classes XI and XII.
iii. There is no financial burden as the entire programme is free for the beneficiaries.
4. Union Ministry of Tribal Affairs launched Vanbandhu Kalyan Yojana
I. Union Ministry of Tribal Affairs launched Vanbandhu Kalyan Yojana (VKY) for welfare of Tribal people and particularly
to lift human development indices of tribal people.
II. It was launched on pilot basis in one block each of the States of Andhra Pradesh, Madhya Pradesh, Himachal
Pradesh, Telangana, Orissa, Jharkhand, Chhattisgarh, Rajasthan, Maharashtra and Gujarat.




Highlights of the Vanbandhu Kalyan Yojana (VKY)

i. Under the scheme, Union Government will provide 10 crore rupees for each block for the development of various
facilities for the Tribal people.
ii. These blocks have been selected on the recommendations of the concerned States and have very low literacy rate.
Initially the blocks having at least 33 percent of tribal population in comparison to total population of the block will be
targeted under the scheme.
Deendayal Upadhyaya Gram Jyoti Yojana: Government approved Rs 43,033-crore rural electrification scheme
Deendayal Upadhyaya Gram Jyoti Yojana.
Note: The scheme will replace the existing Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY).
ii. The scheme is likely to work towards improvement in hours of power supply in rural areas, reduction in peak load,
improvement in billed energy based on metered consumption and providing access to electricity to rural households.
Union Government launched the nationwide Bal Swachhta Mission:
About Bal Swachhta Mission
i. The Bal Swachhta Mission is a part of the nationwide sanitation initiative of Swachh Bharat Mission that was launched by
the Prime Minister on 2 October 2014.
The nationwide Bal Swachhta Mission will have the following six themes:
1. Clean Anganwadis
2. Clean Surroundings like Playgrounds
3. Clean Self (Personal Hygiene/Child Health)
4. Clean Food
5. Clean Drinking Water
6. Clean Toilets
PM launches Jeevan Pramaan - Digital Life Certificate for Pensioners an "Aadhar-based Digital Life Certificate" for
PM launches Pt Deendayal Upadhyay Shramev Jayate programme to ensure labour reforms and also to ensure
transparency in the labour sector.
Under the scheme, the following new initiatives are provided:
Labours will be provided Unique Labour Identification number, Local Interconnect Network, to facilitate their online
Unified Labour Portal (Shram Suvidha) and a Transparent & Accountable Labour Inspection Scheme to facilitate ease of
compliance to facilitate ease of compliance especially for four Central Government
Organizations i.e. ESIC, EPFO, DGMS and CLC.
Demand Responsive Vocational Training
Apprentice Protsahan Yojana
Portability through Universal Account Number for Employees Provident Fund Account Holders
Implementation of Revamped Rashtriya Swasthya Bima Yojana (RSBY) for the workers in the unorganized sector
Note: Launching another initiative called Labour Inspection Scheme to abolish inspector raj, the Prime Minister said, a
computerized list of inspections will be generated randomly for labour inspectors. It will be mandatory for them to upload
inspection reports within 72 hours.

9. Prime Minister launches Saansad Adarsh Gram Yojana an ambitious village development project under which each MP
will take the responsibility of developing physical and institutional infrastructure in three villages by 2019.
Note: Under this yojana around 2,500 villages to be developed as Adarsh Gram
10. Union Government launched Jammu Kashmir Arogya Gram Yojna in J&K
i. The scheme aims to encourage farmers in J&K to cultivate scientifically tested and commercially beneficial aromatic and
medicinal plants in the state.
ii. The scheme is a part of the grand plan of the Government to convert the hilly areas of the country as exclusive zones of
high-value organic farm products.
iii. The Union Government will initially spend over 25 crore rupees on this scheme.
About the Scheme
i. Under the scheme, Council for Scientific and Industrial Research (CSIR), will help the farmers with expert guidance and
provide them saplings of as many as nine varieties of medicinal and aromatic plants. CSIR is the Research and
Development body of the government.
ii. The plant varieties, selected for J&K, include five different varieties of lemon grass (Cymbopogon), Rose (Rosa), Mint
(Mentha), Ashwagandha (Withaniasomnifera) and Phalsa fruit plant.
iii. Initially, 1000 villages of Kathua, Jammu and Udhampur in the state will be covered under the scheme. Similar
schemes will be launched in other states, keeping in mind soil condition, suitable plant varieties and size and type of land
11. Swachh Bharat Mission (Ek Kadam Swachhata Ki Aur)
launched on Oct 2: The concept of Swachh Bharat is to pave access for every person to sanitation facilities including

toilets, solid and liquid waste disposal systems, village cleanliness and safe and adequate drinking water supply.
Important Points:
1. The Mission aims at fulfilling the dream of clean India of Mahatma Gandhi by his 150th birth anniversary in 2019.
2. Logo created by Shri Anant Khasbardar of Kolhapur, Maharashtra has won the Logo design contest
3. The Tagline Ek Kadam Swachhata Ki Aur was given by Ms.Bhagyasri Sheth of Rajkot, Gujarat emerged successful
in the contest for Tagline for the Logo.
4. PM Narendra Modi appointed bollywood actor Aamri Khan as the Brand Ambassador of the Swachh Bharat Mission
5. Prime Minister roped 9 celebrities including cricket icon Sachin Tendulkar, Congress leader Shashi Tharoor,
industrialist Anil Ambani, Salman Khan, Priyanka Chopra and Kamal Haasan, Goa governor Mridula Sinha, yoga guru
Ramdev and the team of TV serial "Tarak Mehta Ka Ulta Chashma".
12. Prime Minister launches 'Make in India' global initiative with an aim to boost India`s manufacturing sector.
13. Union Government launched Deen Dayal Upadhyaya Antyodaya Yojana for urban and rural poor
Note: i. Deen Dayal Upadhyaya Antyodaya Yojana has two components one for urban India and other for rural India.
ii. The Urban component will be implemented by the Union Ministry of Housing & Urban Poverty Alleviation
iii. Rural component named as Deen Dayal Upadhyaya Grameen Kaushalya Yojana will be implemented by the Union
Ministry of Rural Development.
Main Highlights of the Urban Scheme
i. Imparting skills with an expenditure of 15000 rupees to 18000 rupees on each urban poor
ii. Enabling urban poor form Self-Help Groups for meeting financial and social needs with a support of 10000 rupees per
each group who would in turn would be helped with bank linkages.
Main Poins of the Rural Scheme
i. The Yojana aims at training 10 lakh (1 million) rural youths for jobs in three years, that is, by 2017.
ii. The minimum age for entry under the Yojana is 15 years compared to 18 years under the Aajeevika Skills Programme.
iii. The skills imparted under the Yojana will now be benchmarked against international standards and will complement
the Prime Ministers Make In India campaign.
14. Union Ministry of Science & Technology announces KIRAN( Knowledge, Involvement, Research, Advancement through
Nurturing) scheme for Women Scientists
Objectives:i. To increase the number of women researchers in India.
ii. Provide Research grants particularly to those female researchers and technologists who had to take a break in career
owing to household reasons.
iii. Bring about, as far as achievable, gender parity in the field of science and technology.
15. Government will soon launch Universal Health Assurance Mission to provide affordable health services to people.
Under the mission about 50 essential drugs with a diagnostic package and 30 AYUSH drugs will be made available to all
citizens at government hospitals and health centers across the country.
16. Bhamashah Financial Empowerment Scheme Government of
The Government of Rajasthan has embarked upon Bhamashah Financial Empowerment Scheme, (BFES) whereby the
Government will deposit Rs.1500/- into the savings accounts of 50 lakh rural families belonging to Below Poverty Line
17. Rashtriya Swasthya Bima Yojana: RSBY started rolling from 1st April 2008.
Note: i. RSBY has been launched by Ministry of Labour and Employment, Government of India to provide health
insurance coverage for Below Poverty Line (BPL) families.
ii. The objective of RSBY is to provide protection to BPL households from financial liabilities arising out of health shocks
that involve hospitalization.
iii. Beneficiaries under RSBY are entitled to hospitalization coverage up to Rs. 30,000/- for most of the diseases that
require hospitalization.
18. National Pension System -: Government of India established Pension Fund Regulatory and Development Authority
(PFRDA)- External website that opens in a new window on 10th October, 2003 to develop and regulate pension sector in
the country.
The National Pension System (NPS) was launched on 1st January, 2004 with the objective of providing retirement
income to all the citizens.
Note: i. Under Swavalamban Scheme- External website that opens in a new window, the government will contribute a
sum of Rs.1,000 to each
eligible NPS subscriber who contributes a minimum of Rs.1,000 and maximum Rs.12,000 per annum. This scheme is
presently applicable upto F.Y.2016-17.
ii. The subscriber will be allotted a unique Permanent Retirement Account Number (PRAN). This unique account number
will remain the same for the rest of subscriber's life. This unique PRAN can be used from any location in India.
19. Aajeevika - National Rural Livelihoods Mission (NRLM) was launched by the Ministry of Rural Development (MoRD),

Government of India in June 2011. The basic idea behind this programme is to organize the poor into SHG (Self Help
Groups) groups and make them capable for self-employment.
20. Indira Awas Yojan: It is one of the major flagship programs of the Rural Development Ministry to construct houses for
BPL population in the villages
Note: i. The financial assistance provided for new construction in the form of full grant is Rs.70,000/- per unit for plain
areas & Rs.75,000/- for hilly/difficult areas.
ii. Further, an IAY beneficiary can avail top-up loan upto Rs 20,000/- under the Differential Rate of Interest (DRI Scheme)
from any Nationalized Bank at an interest rate of 4% per annum.
21. Pradhan Mantri Krishi Seenchayi Yojana: Pradhan Mantri Krishi Seenchayi Yojana was announced by Prime Minister
Narendra Modi . The Yojna has been announced to meet the irrigation needs of all farmers across the country. Sum of 1000
crore rupees has been allocated for implementation of the scheme.
22. Karnataka, Kerala sign MoU for rural livelihood mission: As per the MoU, Kerala Governements Kudumbashree and
Karnataka State Rural Livelihood Mission are to help train and hand-hold rural Self Help Groups (SHGs) in Karnataka.
23. Govt re-launches Varishtha Pension Bima Yojana: The government has re-launched the Varishtha Pension Bima Yojana,
for the benefit of citizens aged 60 years and above.
Note: It will provide monthly pension ranging from 500 to 5,000 rupees per month to senior citizens of the country.
ii. The Scheme will be administrated by the Life Insurance Corporation, LIC.
24. National rural scheme on PPP model launched: Rural Development Minister Nitin Gadkari launched the Shyama Prasad
Mukherjee National Rural Mission on PPP model with an allocation of 100 crore rupees.
Note: The scheme will be initially available in three districts of the country on pilot basis. The districts are Warangal in
Andhra Pradesh and two districts in Maharashtra.
ii. The scheme is intended to stop migration from rural areas to cities. The government wants to create infrastructure in
villages so that people can get employment there and do not migrate to cities.
25. Padho Pardesh scheme for minority community:
Government has launched a scheme titled, Padho Pardesh, for providing interest subsidy on educational loans for
overseas studies for students belonging to the notified minority communities like Muslims, Christians, Sikhs,
Buddhists, Jains and Parsis.
"Niti Ayog"
India's Planning Commission will be renamed "Niti Ayog" (National Institution for Transforming India) as part of a plan to
restructure the institution that the government believes has run its course.
The name, replacing "Yojana (planning)" with "Niti (policy)" will be announced in an amended resolution for the new plan
The Planning Commission had suggested to a group chaired by Prime Minister Narendra Modi that its replacement body
should be structured to meet the need of changing economic paradigm and comprise sectoral experts and states'
representative. The restructured plan panel could be a combination of three or four divisions.
The NITI Aayog will comprise the following:
Prime Minister of India as the Chairperson
Governing Council comprising the Chief Ministers of all the States and Lt. Governors of Union Territories
Regional Councils will be formed to address specific issues and contingencies impacting more than one state or a region.
These will be formed for a specified tenure. The Regional Councils will be convened by the Prime Minister and will
comprise of the Chief Ministers of States and Lt. Governors of Union Territories in the region. These will be chaired by the
Chairperson of the NITI Aayog or his nominee.
Experts, specialists and practitioners with relevant domain knowledge as special invitees nominated by the Prime Minister
The full-time organizational framework will comprise of, in addition to the Prime Minister as the Chairperson:
i. Vice-Chairperson: To be appointed by the Prime Minister
ii. Members: Full-time
iii. Part-time members: Maximum of 2 from leading universities research organizations and other relevant institutions in an
ex-officio capacity. Part time members will be on a rotational basis.
iv. Ex Officio members: Maximum of 4 members of the Union Council of Ministers to be nominated by the Prime Minister.
v. Chief Executive Officer : To be appointed by the Prime Minister for a fixed tenure, in the rank of Secretary to the Government
of India.
vi. Secretariat as deemed necessary.
Awards & Honours
1. The President's Office announced the Bharat Ratna award to Pandit Madan Mohan Malaviya (posthumously) and former
Prime Minister Atal Bihari Vajpayee on the eve of Mr. Vajpayee's 90th birthday and the 153rd birth anniversary of Pandit

Malviya.In 2013, the award was conferred to cricketer Sachin Tendulkar and scientist C.N.R Rao.
2. Miss World 2014: Aishwarya Rai Bachchan felicitated by the Miss World Organisation at the 64th edition of the
international beauty pageant for her commitment to beauty with a purpose since winning the crown two decades ago.
3. Miss South Africa Rolene Strauss crowned Miss World 2014 at the final of the beauty pageant held in London, UK. Miss
Hungary, Edina Kulcsar, was the runner-up and Miss United States, Elizabeth Safrit, came third in the 64th annual
competition, contested by women from 121 countries.
4. Asha Bhosle awarded DIFF Lifetime Achievement Award 2014 at the 11th Dubai International Film Festival (DIFF)
held in Dubai.Along with her, another Egyptian actor Nour El-Sherif was also received the DIFF Lifetime Achievement
Award for his work on over 100 films.
5. Ruhi Singh won Miss Universal Peace & Humanity 2014. at Beirut, Lebanon among the 145 other countries.
6. Ebola fighters named Time's 2014 'Person of the Year'
7. Azim Premji awarded Swiss Ambassador's Award in Mumbai for inspirational and socially responsible leadership.
8. Warren buffet became second richest person of World He replaced Carlos Slim, business magnate of Mexico. Bill
Gates is the world richest person.
9. Gwladys Nocera of France won Hero Women's Indian Golf Open 2014 at the Delhi Golf Club. She received the prize
money of 300000 US dollars.
10. Satyarthi, Malala received Nobel awards.
i. Child rights activists Indias Kailash Satyarthi and Pakistans Malala Yousafzai, along with 11 others will receive this
years Nobel Prizes.The Nobel Laureates take centrestage in Swedens capital Stockholm and Norwegian Oslo, where they
will receive the Nobel medals, Nobel diplomas and documents confirming the Nobel Prize amount.
iii. Satyarthi, 60, and Yousafzai, 17, will share the $1.1-million Peace Prize at Oslo, while all the other awards will be
presented in Stockholms
11. Modi wins TIME readers poll for Person of the Year.
12. Modi, Mukesh Ambani most searched personalities in 2014: Yahoo.
13. India sets new world record for largest human flag formed by over 50,000 volunteers, beating the previous record held
by Pakistan.
14. Narndra Modi named 'Asian of the Year' by Singapore's Straits Time.
15. Canara Bank has been conferred with the Niryat Bandhu Silver Trophy in the in the banks category for its support
services rendered for promotion of exports.
16. Film artist of Ireland Duncan Campbell Turner Prize 2014 for a video called It For Others. The video reflects on African art
and includes a dance sequence inspired by Karl Marx. He received the prize of 25000 pounds at Tate Britain in London.
17. Former Indian football captain Baichung Bhutia has been conferred with the Asian Football Confederation (AFC) Hall of
Fame Award.He received the award in Manila, Philippines on the occasion of afc's 60th anniversary. FIFA President Sepp
Blatter presented the award to Baichung, the only Indian in the AFC's Hall of Fame.All India Football Federation President
Praful Patel was present on the occasion.
18. Entrepreneur of the Year - Dhiraj Rajaram and Chandra Shekhar Ghosh
The award was sponsored by Standard Chartered Bank. Since 2012, Standard Chartered Bank has been the presenting
sponsor of The Economic Times Awards for Corporate Excellence.
19. The Economic Times Awards for Corporate Excellence announced
The awards were announced in the following category:
Business Leader of the Year Dilip Shanghvi
Company of the Year Tata Consultancy Services
Emerging Company of the Year Adani Ports & SEZ
Global Indian of the Year Satya Nadella
Startup of the Year Zomato
Business Reformer of the Year UK Sinha
Corporate Citizen of the Year Tata Steel
Lifetime Achievement Yusuf Hamied
20. Russian film Leviathan by Andrey Zvyagintsev won the best film award comprising Golden Peacock and Rs.40 lakh at the
45th International film Festival of India.
ii. Mr. Alexey Serebryakov from the Leviathan also shared the best male actor award in the Cimena of the World
21. Trilochan Sastry, Professor in Quantitative Methods and Information Systems, Indian Institute of Management Bangalore
(IIMB), has been awarded the 11th Bharat Asmita, an honour instituted by the Pune-based MIT group of institutions.
22. Boxer Manoj Kumar today received the prestigious Arjuna Award from Sports Minister
23. Sarbananda Sonowal.the 2010 Commonwealth Games gold-medalist, was bestowed with the honour in a function
organised in the National capital.
24. United Nations (UN) Women announced the appointment of Indian tennis superstar and youth icon, Sania Mirza, as its

Goodwill Ambassador for South Asia. The organisation is dedicated to gender equality and womens empowerment.She
became the first South Asian woman to be appointed as a Goodwill Ambassador.The other Goodwill Ambassadors include
British actor Emma Watson, Academy Award winner Nicole Kidman, HRH Princess Bajrakitiyabha Mahidol of Thailand,
and Indian actor-filmmaker-singer Farhan Akhtar.
25. Aaranyak, an Assam-based NGO working for the conservation of nature and a Kathmandu-based International Centre for
Integrated Mountain Development (ICIMOD) won United Nations Lighthouse Activities award for the year 2014.They won
the award under the focus area of information and communication technology (ICT) solutions.They won the award for its
community-based flood early warning system that has benefited 40 villages in flood-prone Dhemaji and Lakhimpur
districts. Since 2010-11, the system has directly or indirectly benefitted more than 20000 people living in the catchment
areas of two rivers, Jiadhal in Dhemaji and Singora in Lakhimpur districts.
26. Lahore-based author Bilal Tanweer on 24 November 2014 won the 2014 Shakti Bhatt First Book Prize for his novel The
Scatter Here Is Too Great (Random House India).
27. TVS Chairman Venu Srinivasan conferred honorary citizenship of Busan, Korea for his efforts to enhance friendship and
cooperation between India and Republic of Korea.
28. Veteran Pakistan-born poetess Imtiaz Dharker awarded with the Queens Gold Medal for Poetry 2014 for her latest poetry
collection Over the Moon.
29. The Lunchbox honoured by Toronto film critics at 18th annual Toronto Film Critics Association (TFCA) awards in
30. Tata Steel chosen among 100 most valuable brands in 2014 by World Consulting & Research Corporation (WCRC).
31. PETA India names ex-SC judge KS Radhakrishnan Man of the Year. And Bollywood actress Jacqueline Fernandez named as
Woman of the Year. Justice Radhakrishnan headed a bench that passed a landmark judgement in favour of PETA India
and the Animal Welfare Board of India, clarifying that bulls must not be used in jallikattu, bull races.
32. Xu Youyu ,Pro-democracy activist, of China won Olof Palme Human Rights Prize for the year 2014 for his strong-principled
work for democracy, social justice, human rights and freedom of speech which has universal meaning.The award given
annually by the Stockholm-based Olof Palme Memorial Fund of Sweden.
Nobel Prize 2014 33. Nobel prize in Literature Patrick Modiano (France) - "for the art of memory with which he has evoked the most
ungraspable human destinies and uncovered the life-world of the occupation".
34. Nobel prize in Economics - Jean Tirole (France) for research on market power and regulation.
35. Nobel prize in Peace - Kailash Satyarthi (India) and Malala Yousufzai (Pakistan) - "for their struggle against the
suppression of children and young people and for the right of all children to education"
Note: Kailash Satyarthi is Second Indian to win Nobel Peace Prize. The winner before him was Mother Teresa, who lived
out most of her life in India but was born in Albania.
ii. Pakistans Malala Yousafzai (17), is the youngest recipient of the prize.
iii. Child rights activist Satyarthi, runs NGO Bachpan Bachao Aandolan (Save Childhood Movement).
36. Nobel prize in Medicine for their discoveries of cells that constitute a positioning system in the brain" [Brain GPS]
1. John O'Keefe (British-American researcher)
2. Edvard Moser (Norway)
3. May-Britt Moser (Norway)
37. Nobel prize in Physics for Invention of blue LEDs
1. Isamu Akasaki (Akasaki is a Japanese citizen and works at Meijo University and Nagoya University)
2. Hiroshi Amano (Amano is a Japanese citizen and works at Nagoya University)
3. Shuji Nakamura (Nakamura is a US citizen and works at University of California, Santa Barbara)
38. Nobel Prize in Chemistry "for the development of superresolved fluorescence microscopy".
1. Eric Betzig (American)
2. William E Moerner (American)
3. Stefan W Hell (German, Heidelberg University)
Others Awards
39. Indira Gandhi prize for peace, disarmament for 2014: Indian space agency ISRO conferred the Indira Gandhi Prize for
Peace, Disarmament and Development for 2014 in recognition of its contribution in strengthening international
cooperation in peaceful use of outer space.
40. Polly Umrigar Award 2013-14: Pacer Bhuvneshwar Kumar is selected for Polly Umrigar Award for the 2013-14
41. C.K. Nayudu Lifetime Achievement Award2014 - Former India captain Dilip Vengsarkar conferred with the C.K.
Nayudu Lifetime Achievement Award.
42. Pope Francis conferred sainthood on two Indians -Father Kuriakose Elias Chavara and Sister Euphrasia. Pope Francis

pronounced them as saint at a special mass St Peter's Square at Vatican. Father Kuriakose Elias Chavara is popularly
known as Chavara Achen and Sister Euphrasia is popularly known as Evuprasiamma both were from Kerala.
43. Deutsche Bank won Channel Islands Custodian of the Year 2014 .
44. Hanumappa Sudarshan of Karuna Trust won 10th India Social Entrepreneur of the Year 2014 Award
45. Rubber Board wins Indira Gandhi Rajbhasha Award: The Department of Official Language under Ministry of Home
Affairs has selected Rubber Board for the Indira Gandhi Rajbhasha Award (First Prize) for excellence in the
implementation of the official language policy for the year 2013-14.
46. Indian-American Neha Gupta won International Childrens Peace Prize 2014
Note: Neha, an 18-year-old Indian American from Philadelphia was awarded for her work to help orphans in India and
other vulnerable children. Neha became the first ever American to be awarded with the prize.
47. Veteran classical vocalist Pandit Jasraj conferred with the Sumitra Charat Ram Award 2014 for Lifetime Achievement.
Sumitra Charat Ram Award: The award was instituted in 2011 to honour stalwarts in art and was named after Sumitra
Charat Ram who founded the Shriram Bharatiya Kala Kendra in 1952.
48. Manmohan Singh chosen for Japan national award: Former Prime Minister Manmohan Singh has been chosen for one
of Japans top national awards for his contribution to India-Japan ties, becoming the first Indian to receive the rare honour.
49. Saiyid Hamid conferred with Sir Ross Masood Lifetime Achievement Award 2014
50. Malala Yousafzai won 2014 Worlds Children prize
51. Radio Kashmir Jammu won Gandhian Philosophy and Public Service Broadcasting award 2014
Note: Jeevan Rekha is a programme based on the live broadcasts done in the wake of flood situation in Jammu and
Kashmir by Radio Kashmir Jammu.
52. Steel Authority of India (SAIL) Chairman CS Verma received IIM- JRD Tata Award for Excellence in Corporate leadership
53. Assam government presented 1st state bravery award to Gunjan Sarma
54. Indian-origin British politician Nigel Keith Anthony Standish Vaz known as Keith Vaz named as the Labour MP of the year
55. The Centre has named actor Rajinikanth as winner of the Centenary Award for Indian Film Personality of the Year.
56. 2014 Man Booker Prize - Australian author Richard Flanagan won 2014 Man Booker Prize for his novel The Narrow
Road to the Deep North
57. Malala Yousafzai conferred 2014 Liberty Medal
58. Veteran actress Maggie Smith was made a member of the Order of the Companions of Honour, one of Britians highest
honours by Queen Elizabeth.
59. Indian-American student Sahil Doshi won Americas Top Young Scientist award for his innovative design of an ecofriendly device that seeks to reduce carbon footprint, while offering power for household usage.
60. Tamil poet Iqbal named for Singapore's highest cultural award, Cultural Medallion
61. Raghuram Rajan conferred Euromoney's Central Bank Governor of Year Award
62. Ashwika Kapur became the first Indian woman to win prestigious Wildscreen Panda Award.
Note: She won the coveted wildlife photography award in best newcomer category for her film, Sirocco - how a dud
became a stud.
ii. Panda award also known as Green Oscar of the natural history and wildlife film industry was announced at the
annual Wildscreen Film Festival held at Bristol, UK.
63. Indian cop Shakti Devi of the Jammu and Kashmir Police, currently deployed in the UN Assistance Mission in Afghanistan
(UNAMA), has been awarded the International Female Police Peacekeeper Award 2014.
64. Anoop Jain wins prestigious global citizen award for his work to build community sanitation facilities
Note: Anoop Jain was recipient of the 2014 Waislitz Global Citizen Award for his "exemplified values of a Global Citizen"
through his work in founding Humanure Power (HP) in Bihar in 2011 that builds community sanitation facilities in rural
65. Lyricist Sameer honoured with Kishore Kumar Award for 2012-13
66. Shanti Swarup Bhatnagar Prize for Science and Technology (SSB) is a science award in India given annually by the
Council of Scientific and Industrial Research (CSIR) for notable and outstanding research, applied or fundamental, in
biology, chemistry,environmental science, engineering, mathematics, medicine and Physics.
10 scientists get Shanti Swarup Bhatnagar Prize :
The selected awardees in different fields are
Biological Sciences: Dr. Roop Mallik of Tata Institute of
Fundamental Research, Mumbai
Chemical Sciences: Dr. Kavirayani Ramakrishna Prasad of Indian
Institute of Science, Bengaluru and Dr. Souvik Maiti of Institute of
Genomics and Integrative Biology (CSIR-IGIB), New Delhi
Earth, Atmosphere, Ocean and Planetary Sciences: Dr. Sachchida
Nand Tripathi of Indian Institute of Technology, Kanpur
Engineering Sciences: Dr. S Venkata Mohan of Indian Institute of

Chemical Technology (CSIR-IICT), Hyderabad and Dr. Soumen

Chakrabarti of Indian Institute of Technology, Mumbai
Mathematical Sciences: Dr. Kaushal Kumar Verma of Indian
Institute of Science, Bengaluru
Medical Sciences: Dr. Anurag Agrawal of Institute of Genomics and
Integrative Biology (CSIR-IGIB), New Delhi
Physical Sciences: Dr. Pratap Raychaudhuri, Tata Institute of
Fundamental Research of Mumbai and Dr. Sadiqali Abbas
Rangwala of Raman Research Institute, Bengaluru
67. Hindi film 'Liar's Dice has been selected as India's official entry to the
best foreign film category at the Oscar 2015 awards. Note: Director Geethu Mohandas
68. Noted writer and filmmaker MT Vasudevan Nair was selected for the JC
Daniel Award for lifetime achievement for the year 2013. Note: The
award given by the Kerala govt. recognizes the overall contribution of
Nair to the Malayalam film industry.
69. Former U.S. spy agency contractor Edward Snowden and Alan Rusbridger, editor of The Guardian on won Right
Livelihood Award.
Note: The Right Livelihood Award is also known as Alternative Nobel prize of Sweden.
70. Leading NRI businessmen G P Hinduja and S P Hinduja have been honoured with a Lifetime Achievement Award in
Business at a ceremony in the House of Lords.
71. Kolkata-born British author Neel Mukherjees latest novel The Lives of Others has been shortlisted for the prestigious
Booker Prize 2014.
72. Indian scientist Kamal Bawa has won the 2014 Midori Prize in Biodiversity for his research, including in climate change
in the Himalayas.
Note: Kamal Bawa, is the founder president of the Ashoka Trust for Research in Ecology and the Environment (ATREE) in
ii. The Midori Prize is regarded a major element "at the service of the objectives of the United Nations Decade on
Biodiversity 2011-2020".
73. Indian tennis star Rohan Bopanna to receive Davis Cup Commitment Award
74. Indira Gandhi Rajbhasa award: Rashtriya Ispat Nigam Limited (RINL) CMD Madhusudan honoured with the prestigious
Indira Gandhi Rajbhasha Shield for the Best Hindi Implementation in the organisation.
Person in News
1. The Prime Minister of Taiwan Jiang Yi-huah on 29 November 2014 resigned after election loss. He lost his first election since
protests erupted over a controversial TRADE deal with mainland China.
2. Pakistani actress Veena Malik sentenced to 26 years in jail for blasphemy.
3. Sachin Tendulkar named ambassador for 2015 ICC World Cup.
4. AIBA (International Boxing Association)bans Sarita Devi from October 1, 2014 to October 1, 2015 for refusing to accept
her bronze medal at the Asian Games.

5. Former Olympic wrestling champion Steeve Guenot suspended for one year by the French anti-doping agency for missing
doping tests.
6. By scaling Mount Vinson, Antarcticas highest mountain at 4,892 metres, Tashi Malik and Nungshi Malik from Dehradun
have become the worlds first twins and siblings to climb the highest peaks on the seven continents.Both accomplished
their Mission 2 for 7.
7. Priyanka Chopra inks deal with American ABC TV
8. Rampal Singh Jatin arrested by Haryana Police from his ashram in Hisar. He is famous as Sant Rampal and is a
self-styled Godman
9. Congress leader G.K. Vasan quits Congress
10. Bangladesh Jamaat-e-Islami Chief Motiur Rahman Nizami to death penalty for crimes against humanity during 1971
Bangladesh Liberation War.
11. Oscar Pistorius: Oscar Pistorius sentenced to five years in prison for killing her girl friend Reeva Steenkamp. Oscar
Pistorius is a South African sprint runner.
1. Isro chairperson K Radhakrishnan retires - Spearheading Indian Space Research Organisation triumphantly through
several milestones.
2. Former Arsenal and French star Thierry Henry retires, ending a 20-year career.
3. Indian Hockey coach Terry Walsh quits
4. Leela Samson resigned as Sangeet Natak Akademi chairperson
5. B Muthuraman, Vice-Chairman of Tata Steel retired from the Board of the company
6. Maharashtra chief minister Prithviraj Chavan has resigned
7. Pankaj Advani announced to retire from professional snooker
8. Li Na: 2-time Grand Slam winner China player Li Na retires from tour
Note: she won the 2011 French Open, and Australian
Open title
9. Vinod Kumar Duggal: Vinod Kumar Duggal resigned as Manipur Governor
10. Sheila Dikshit: Kerala governor resigned
11. K Sankaranarayanan: Maharashtra governor resigned
12. Kamla Beniwal: Mizoram Governor removed
13. Dipa Karmakar became first Indian woman gymnast to win medal in Commonwealth Games
14. Nehchal Sandhu: Deputy National Security Adviser
Books & Their Authors
1. PM Narendra Modi launched Born Again on the Mountain by Arunima Sinha
2. Prince of Gujarat: The Extraordinary Story of Prince Gopaldas Desai released authored by Rajmohan Gandhi.
3. Rajdeep Sardesai penned the book titled 2014: The Election That Changed.
4. Book titled Letters for a Nation written by Jawaharlal Nehru & Madhav Khosla was published by Allen Lane an imprint
of Penguin Books .
5. Next China-India War- World's First Water War authored by General S. Padmanabhan released.
6. The book titled Black Tornado: The Three Sieges of Mumbai 26/11 authored by Sandeep Unnithan.
7. President of India Pranab Mukherjee penned a book titled The Dramatic Decade: The Indira Gandhi Years.published
by Rupa.
8. Biography My Name is Abu Salem released written by S Hussain Zaidi and published by Penguin.
9. 'Playing it My Way': Author - Sachin Tendulkar & Boria Majumdar Note: Playing It My Way is the autobiography of
former Indian cricketer Sachin Tendulkar.
10. Book Truth Always Prevails written by Sadruddin Hashwani
11. Hlaf Girlfriend - written by Chetan Bhagat
12. The Narrow Road to the Deep North authored by Richard Flanagan
13. Untold Story of Indian Public Sector - authored by Dr UD Choubey,
14. Final Test: Exit Sachin Tendulkar authored by Dilip DSouza
15. A Man and a Motorcycle, How Hamid Karzai Came to Power: written by Bette Dam
16. Not Just an Accountant authored by former CAG Vinod Rai
17. Book The Vijay Mallya Story written by K Giriprakash

18. And Then One Day: Naseeruddin Shah's autobiography

19. God of Antarctica written by Yashwardhan Shukla:
20. One Life is Not Enough : written by Kunwar Natwar Singh
Note: The book is an autobiography of the former External Affairs Minister and senior Congress Party leader Natwar Singh.
21. A book Munger through the Ages authored by late Devendra Prasad Yadav
22. The Lives of Others a novel written by: Neel Mukherjee
Note: Novel is short listed for the prestigious Man Booker Prize 2014.
23. The Substance and the Shadow: written by Uday Tara Nayar, a former journalist.
Note: The Substance and the Shadow, the biography of 91-year-old actor Dilip Kumar.
24. Warrior State written by T V Paul
25. Blood Feud written by Edward Klein
26. A Bad Character: authored by Deepti Kapoor.
27. The Good, the Bad and the Ridiculous - Khuswant Singh
28. Train To Pakistan - Khuswant Singh
29. An Uncertain Glory: India and its Contradictions - Jean Dreze and Amartya Sen.
30. A Brush with Life- Satish Gujral
31. A Bend in the river- V.S. Naipaul
32. God of Small things- Arundhati Rai
33. Inheritance of Loss- Kiran Desai.
34. Joseph Anton- Sulman Rushdie (Autobiography)
35. Khushwantnama-The Lessons of My Life Khushwant singh
36. Lajja- Taslima Nasrim.
37. My Unforgettable Memories-Mamata Banerjee
38. My Years with Rajiv and Sonia written by R.D.Pradhan
39. ModiNomics: Inclusive Economics, Inclusive Governance: authored by Sameer Kochhar.
40. Crusader or Conspirator? Coalgate and other Truths authored by PC Parakh
41. The Accidental Prime Minister: The Making and Unmaking of Manmohan Singh authored by Dr. Sanjaya Baru
Leader s visited India/World
1. Bangladesh President Abdul Hamid arrives in Kolkata on a six-day official visit during which he held talks with the
Indian leadership with an aim to further strengthen the already close bilateral relations between the two countries.
2. Nguyen Tan Dung: Vietnam Prime Minister visited India
3. Mark Zuckerberg: Facebook founder visited India
4. Amazon founder Jeff Bezos visited India.
5. Frank Walter: Foreign Minister of Germany visited India
6. Australian PM Tony Abbott to visited India
7. Chinese President Xi Jinping visited India
8. President of India Pranab Mukherjee visited Vietnam
9. Sushma Swaraj visited Bahrain
10. Sushma Swaraj visited Nepal
11. Prime Minister of India Narendra Modi visited Nepal
12. Prime Minister of India Narendra Modi made his first foreign tour to Bhutan
13. Prime Minister of India Narendra Modi visited Japan
14. Prime Minister of India Narendra Modi visited US
15. Chuck Hagel: US Defence Secretary visited India
16. Jim Yong Kim: World Bank President visited India.
17. Bill Clinton: Former US President visited in Lucknow
18. William Hague: UK Foreign Minister visited India
19. Laurent Fabius: French Foreign Minister to visited India.
20. G L Peiris: Foreign Minister of Sri Lanka visited India
21. Wang Yi: Chinese Foreign Minister visited India
1. Pioneer of home video game console Ralph Henry Baer died
2. Veteran Journalist Piratla Venkateswarlu passed away
3. Hockey Olympian Grihanandan Singh died

4. Carnatic vocalist Nedanuri Krishnamurthy died

5. Justice Krishna Iyer passes away.
6. Bollywood actor Deven Varma passes away. He shot to fame with his performance in 1975 film Chori Mera Kaam, which
bagged him his first Filmfare Award for Best Comedian.
7. Veteran music critic SV Krishnamurthy passed away.
8. Senior Congress leader, former Maharashtra Chief Minister, A R Antulay passed.
9. Former Arunachal Pradesh CM Jarbom Gamlin passes away.
10. Israeli cricket umpire Hillel Oscar dies after being struck by ball.
11. Theatre personality Veenapani Chawla passes away.
12. Crime novelist PD James died at the age of 94.
13. Historian Tapan Raychaudhuri died.
14. Kathak queen Sitara Devi died. She was 94. She was honoured with the Legends of India Lifetime Achievement Award 2011
for her contribution to the classical dance genre for over six decades.
15. Filmmaker Kailasam Balachander passed away. He was honoured with the Padma Shri in 1987and is a recipient of
the ANR National Award and Dadasaheb Phalke Award, India's highest award in cinema in 2010.
16. Legendary Kathak danseuse Sitara Devi died
17. Bollywood actor-comedian Deven Verma died at 78
18. Australian cricketer Phillip Hughes passed away
19. Murli Deora - Former Union Minister, senior Congress leader passed away.
20. Ravi Chopra, director of famous TV show Mahabharata, passed away.
21. Warren Anderson, wanted in Bhopal gas tragedy, dies
22. Sadashiv Amrapurkar: Veteran Bollywood actor died
23. Michael Sata - Zambian President dies in London
24. Senzo Meyiwa: South African footballer (National Team Captain) died
25. M V Kamath - Veteran journalist passes away. He is the former chairman of Prasar Bharti and recipient of Padma
26. SS Rajendran: veteran Tamil actor, passes away
27. Jagdish Sharan Pande: Noted freedom fighter died
28. Oscar de la Renta: Fashion designer died.
29. Lynda Bellingham: British actress and presenter died
30. Turaga Janaki Rani: Telugu writer died
31. Elizabeth Pena: American actress died
32. Uppalapu Srinivas: Renowned Mandolin exponent passed away
Note: Srinivas (45), popularly known as 'Mandolin Srinivas', is a renowned mandolin player of South Indian Carnatic music.
33. Maya Rao: Renowned Kathak dancer died.
34. Bipin Chandra: Noted historian passes away
35. Norman Gordon: South African fast bowler oldest surviving Test cricketer at 103 years old, passed away
36. Sattiraju Lakshminarayana, , the artist, filmmaker, humourist popularly known as Bapu, passed away in
37. Richard Attenborough: Gandhi' filmmaker dies at 90
38. UR Anantha Murthy: Eminent Kannada writer passes away. Anantha Murthy, a writer and critic, was considered one of the
pioneers of the Navya movement in Kannada literature.
39. BKS Iyengar: World-renowned yoga guru and founder of the Iyengar School of Yoga BKS Iyengar passed away
Sports News
Prolific Indian Sports stars -

Rajat Chauhan,
Sandeep Kumar
Abhishek Verma
Abhishek Verma
Trisha Deb
Purvasha Shende
Jyothi Vennam,
Trisha Deb
Priyanka Pawar (Running)
Tintu Luka(Running)
Mandeep Kaur (Running)
Poovamma Machettira (Running)
Seema Punia (Women's Discus Throw)
Khushbir Kaur (Women's 20km Race
Vikas Gowda (Men's Discus Throw)
Tintu Luka Women's 800m
Manju Bala (Women's Hammer Throw)
Rajiv Arokia (Men's 400m )
Poovamma Maachettira ( Women's
Lalita Babar ( Women's 3000m
OP Jaisha (Women's 1500m)
Naveen Kumar (Men's 3000m
Inderjeet Singh (Men's Shot Put)
Annu Rani (Women's Javelin Throw)
Ashwini Ponnappa
PC Thulasi
Tanvi Uday
Pradnya Gadre,
Saina Nehwal
PV Sindhu
Sikki Reddy
MC Mary Kom - Women's Fly (48-51kg)
Vikas Krishan - Men's Middle (75kg)
Satish Kumar - Men's Super Heavy
L Sarita Devi - Women's Light (57-60kg)
Pooja Rani - Women's Middle (69-75kg)
Swarn Singh -Men's Single Sculls
Dushyaht Dushiant -Lightweight Men's
Single Sculls
Varsha Gautham and Aishwarya
Nedunchezhiyan - Women's Two
Person Dinghy
Jitu Rai - Men's 50m Pistol
Pemba Tamang-(Men's 25m Centre Fire
Pistol )
Gurpreet Singh -(Men's 25m Centre Fire

Pistol )
Vijay Kumar -(Men's 25m Centre Fire Pistol )
Shweta Chaudhry in Women's 10m Air Pistol
Rahi Sarnobat (Women's 25m Pistol Team)
Anisa Sayyed (Women's 25m Pistol Team)
Heena Sidhu (Women's 25m Pistol Team)
Shagun Chowdhary (Women's Double Trap Team)
Shreyasi Singh (Women's Double Trap Team)
Vasha Varman (Women's Double Trap Team)
Abhinav Bindra - Men's 10m Air Rifle
Chain Singh - Men's 50m Rifle 3 Positions
Ravi Kumar ( Men's 10m Air Rifle Team)
Sanjeev Rajput ( Men's 10m Air Rifle Team)
Samaresh Jung ( Men's 10m Air Pistol )
Prakash Nanjappa ( Men's 10m Air Pistol )
Saurav Ghosal
Harinder Pal Singh Sandhu
Mahesh Mangaonkar
Kush Kumar
Dipika Pallikal
Joshana Chinappa,
Anaka Alankamony
Aparajitha Balamurukan
Sania Mirza
Saketh Myneni
Sanam Singh
Yuki Bhambri
Divij Sharan
Ankita Raina
Rohan Bopanna
Sushil Kumar Mens 66 kg freestyle
Yogeshwar Dutt - Men's Freestyle 65kg
Bajrang - Men's Freestyle 61kg
Vinesh - Women's Freestyle 48kg
Geetika Jakhar - Women's Freestyle 63kg
Narsingh Yadav in Men's Freestyle 74kg
Narender Grewal - Men's Sanda -60kg
Santhoi Devi - Women's Sanda -52kg

Indian Soccer League

1. Atltico de Kolkata players were felicitated by West Bengal Chief Minister Ms. Mamata Banerjee and other officials from
the state government and the Kolkata Municipal Corporation, at a ceremony held at the Netaji Indoor Stadium in Kolkata.
2. Atletico de Kolkata defeated FC Kerala by 1-0 in the finals .
3. Mohammed Rafique nodded home the most important goal in the Indian Super League final to make Kolkata the first
champion of the inaugural ISL season.
4. Chennaiyin FCs Elano Blumer -- Golden Boot (eight goals in 11 matches)
5. FC Goas goalkeeper Jan Seda (FC Goa) -- Golden Glove awards. Elano scored.
Atletico de Kolkata is co - owned by Saurav Ganguly while Sachin Tendulkar is the co - owner of Kerala F.C.
IPTL - International Premiere Tennis League is a tennis championship league that is set to launch in November
2014, and will be held across four cities: Manila, Dubai, Delhi and Singapore. The tournament was the idea of Mahesh
Bhupathi and is styled on the Indian Premier League. Number of Teams: 4 team from 4 countries
Teams are 1. Manila Mavericks 2. UAE Royals 3. Indian Aces
4. Singapore Slammers
Note: Rafael Nadal withdrew from the league due to health problems. He is replaced by Roger Federer in the Indian team
National Sports Awards:
Arjuna award: Abhishek Verma (archery), Tintu Luka (athletics), H.N. Girisha (para-athletics), V. Diju (badminton),
Geethu Anna Jose (basketball), Jai Bhagwan (boxing), R. Ashwin (cricket), Anirban Lahiri (golf), Mamta Pujari
(kabaddi), Saji Thomas (rowing), Heena Sidhu (shooting), Anaka Alankamony (squash), Tom Joseph (volleyball),
Renubala Chanu (weightlifting), Sunil Kumar Rana (wrestling).
Dronacharya award: Mahabir Prasad (wrestling); Lifetime achievement: N. Lingappa (athletics), G. Manoharan
(boxing), Gurcharan Singh Gogi (judo), Jose Jacob (rowing).
Dhyan Chand award: Gurmail Singh (hockey), K.P. Thakkar (swimming-diving), Zeeshan Ali (tennis).
Tenzing Norgay Awards: Land adventure: Subedar Jagat Singh, Passang Tenzing Sherpa; Air adventure: MWO
Surender Singh; Lifetime achievement: Wg. Cdr. (retd) Amit Chowdhury.
Maulana Abul Kalam Azad Trophy: Punjabi University, Patiala.
Rashtriya Khel Protsahan Puraskar: Oil and Natural Gas Corporation, Jindal Steel Works Guru Hanuman Akhara,
Note: i. No sportsperson was selected for Rajiv Gandhi Khel Ratna Award this year.

Chess Magnus Carlsen beats Viswanathan Anand in Game 11, retains World Chess Championship title.
Davis Cup 2014 - Switzerland defeated France to win 1st-ever Davis Cup of Tennis
Note: Switzerland is the fourteenth nation to win the Davis Cup.
Women's Tennis Association (WTA)
Womens single - Serena Williams defeated Simona Halep of Romania
WTA Finals doubles title: Sania Mirza and Zimbabwean partner Cara Black won the title by defeating Su-Wei Hseih of
Chinese Taipei and Shuai Peng of China
Shanghai Masters - Roger Federer defeated Gilles Simon
China Open 2014
Womens Single - Russian Maria Sharapova beat Czech Petra
Kvitova to win the title.
M ens Single - Novak Djokovic beats Tomas Berdych to
win fifth China Open title
US Open 2014:
1. Me ns Single - Croatia's Marin Cilic defeated Kei Nishikori of Japan in straight sets to clinch the title
Note: World No.14 Cilic claimed his first Grand Slam title with the win in his first appearance in a Grand Slam final.
2.Womens Single - Serena Williams defeated Caroline Wozniazki of Denmark to won 3rd consecutive US Open Title
Note: With this win Williams joined the Tennis greats Chris Evert and Martina Navratilova on 18 Grand Slam titles.
3. Men's doubles title - Mike and Bob Bryan won fifth U.S. Tennis Open men's doubles title
4. Mixed Doubles - Sania Mirza - Bruno Soares win mixed doubles title by defeated American-Mexican team of Abigail
Spears and Santiago Gonzalez

Hockey World Cup 2014:

1. Mens Title: Australia defeated Netherland in the final.
Note: Australia won the title for the second time,
2. W omens Title : Netherland defeated Australia in the final.
Note: Netherland won the title for the seventh time,
Note: Indian men's hockey team rank 9th in latest word hockey rankings.
Hockey World Cup 2018 Venue:
1. Mens Hockey World Cup India
2. Womens Hockey World Cup - England
ICC World Cup Cricket Venue:
ODI: (One day International):
1. Australia & New Zealand: 2015.
2. England - 2019
3. India - 2023
1. Bangladesh -2014. Sri Lanka defeat India to win the maiden title.
2. India -2016.
3. Australia - 2020.
1. England 2017 (for first time).
2. India - 2021.
FIFA (Football) World Cup venue: - RQ
1. 2018 : Russia
2. 2022: Qatar
Commonwealth Games venues:
1. 2014 Glasgow (Scotland).
2. 2018 Gold Coast (Australia).
Olympics Games venues:
1. 2014 winter: Sochi (Russia) Russia tops in the medal tally in 2014 winter Olympic games.
2. 2016 Summer: Rio de Janeiro (Brazil)
3. 2018 winter: Pyeongchang (South Korea)
4. 2020 summer: Tokyo (Japan)
1. India won the Men and Women title of 5th Kabaddi World Cup 2014.In Men, India defeated Pakistan while in women, India
defeated New Zealand to win the title for the fourth consecutive time at Guru Gobind Singh Multipurpose Stadium in
Jalandhar, Punjab, India.
2. Germany beat Pakistan 2-0 to win Champions was Germany's 10th Champions Trophy title.
3. World Hockey Body Suspends Two Pakistani Players Following Obscene Gestures..Muhammad Tousiq and reserve
goalkeeper Ali Amjad were handed a one-match ban that sidelined them from the final.
4. Kumar Sangakkara became fourth batsman to complete 13000 ODI runs
5. Amos Meindi of Kenya won 29th Pune International full Marathon.
6. Indian Blind Cricket Team lifts World Cup after defeating Pakistan in Cape Town, South Africa .
7. Dev Shah becomes world champion in Under-7 category in World Schools Chess Championships at Juiz de Fora in
8. East Zone lifts Deodhar Trophy cricket tournament, beating West Zone by 24 runs at the Wankhede Stadium in Mumbai .
9. Mascot for the 2016 European football championship named Super Victor.The name for the cartoon character boy
dressed as a footballer in blue and white with a red cape and number 16 jersey was preferred to Driblou and Goalix. Euro
2016 will take place in France from 10 June 2016 to 10 July 2016.
10. UAE captain Khurram Khan became the oldest player to score a century in ODI
against Afghanistan in Dubai.

11. ICC names SAP SE as analytics and cloud partner for 2015 World Cup.
12. PV Sindhu today bagged the Macau Open Grand Prix Gold Badminton title for the second consecutive time defeated Korean
Kim Hyo Min .
13. Ms Deborah, a tribal girl from Andaman and Nicobar Islands has created history in National Level by winning four Gold
Medals in the Track Asia Cup Cycling Championship 2014 which concluded at Indira Gandhi Stadium, New Delhi.
14. Michael Phelps was crowned Male Athlete of the Year at the 2014 USA Swimming Golden Goggle Awards. He was crowned
with the title for a fifth time.Earlier, he won the title in 2004, 2007, 2008 and 2012. He was awarded with the title despite
being suspended from competition for six months after a drunken driving arrest in September 2014.
15. International Olympic Committee (IOA) President Thomas Bach has welcomed the U.S. decision to bid for the 2024 Games.
16. Five-time chess world champion Viswanathan Anand won London Classic title after defeating British Grandmaster Michael
Adams in the fifth and final round.
17. Cricket World Cup 2015 Ambassadors: Virat Kohli, Mitchell Johnson, Shane Watson, Brendon McCullum and Kumar
Sangakkara have been appointed ambassadors for 2015 World Cup.
18. Polly Umrigar Award 2013-14: Pacer Bhuvneshwar Kumar is selected for Polly Umrigar Award for the 2013-14 season.
19. Former India captain Dilip Vengsarkar will receive the C.K. Nayudu Lifetime Achievement Award for 2014.
20. Lewis Hamilton has won the Abu Dhabi Grand Prix as well as the Formula 1 racing championship title of the year
21. World Tour Golf Championship held in Dubai.
22. China open singles titles: Ace shuttlers Saina Nehwal defeated Akane Yamaguchi of Japan to win the title
23. China open singles titles: K Srikanth defeated Lin Dan of China to win the title
24. India cricket team won the 5-match ODI series against Sri Lanka by 5-0
25. Johnson named ICC Cricketer of the Year: Australian fast bowler Mitchell Johnson declared ICC Cricketer of the Year as
well as the ICC Test cricketer of the Year award.
26. Rohit Sharma creates history, slams record 264 runs to become highest ODI scorer against Sri Lanka.
Note: i. Rohit Sharma become the first man ever to smash two double centuries in ODIs.
ii. His first (209) came against Australia in Bangalore on November 3, 2013
27. World Chess Championship 2014 held in Russia.
Note: The championship is being held under the auspices of the World Chess Federation (FIDE).
28. Indian cricketer Virat Kohli became the quickest cricketer to reach 6,000 runs in ODIs, bettering legendary West Indian
Vivian Richards record during his 53-run knock in Indias third ODI against Sri Lanka.
29. Novak Djokovic defeated Milos Raonic to retain Paris Masters title
30. MS Dhoni named as captain of ICC ODI Team of the Year 2014. He has been selected in the ICC ODI team of the year for the
eight time (seventh year in a row), while fifth year as a captain of the team.
31. Angelo Mathews named as captain of the ICC Test Team of the Year 2014, which includes two more Sri Lankans palyer
Kumar Sangakkara and Rangana Herath in the test team.
32. Novak Djokovic wins ATP (Association of Tennis Professionals) Finals
33. Former England international player Mark Ramprakash hired as England batting coach
34. Cristiano Ronaldo received 2013-14 European Golden Boot award
35. Nico Rosberg wins Brazilian Grand Prix
36. Lewis Hamilton wins United States Grand Prix
37. Pankaj Advani defeated Robert Hall of UK to won IBSF World Billiards Championship
38. Duleep Trophy 2014. : Central Zone defeated South Zone to won the title
39. India( juniors) defeated Great Britain to retain Sultan of Johor Cup title (Hockey). Final was held in Malaysia.
40. Indian golfer Anirban Lahiri won Venetian Macau Golf Open
41. Pankaj Advani won World Billiards Point Format Championship defeated Singapores Peter Gilchrist
42. India cricket captain Mahendra Singh Dhoni and Sahara Adventure Sports Limited are coowners of new Ranchi
franchise ( Ranchi Rhinos) of Hockey Indian League (HIL)
43. ICC awarded global broadcast rights from 2015 to 2023 to Star India and Star Middle East
Note: i. Star India is one of Indias largest media and entertainment companies and is a fully owned subsidiary of 21st
Century Fox, INC.
ii. About Star Middle East: Star Middle East is a wholly owned subsidiary of 21st Century Fox, INC. in the Middle East.
44. India to host first leg of Asia Cup Archery Tournament in Delhi in January 2015
45. Mary Kom voted as India's Most Valuable Player in Asian Games 2014
46. Ajay Jayaram won Dutch Open Grand Prix badminton tournament
47. Oliver Wilson defeated world number one Rory McIlroy to win first European golf title.

News Related To Defence & Technology

1. Indias communication satellite GSAT-16 launched from Kourou in French Guiana functioning normally. GSAT 16 has
highest number of 48 transponders that will be used for television, telephone and internet applications.
2. Orion spacecraft marks dawn of new chapter in space exploration: US
3. NASAs unmanned spacecraft completed its first test flight.Orion is expected to take up its first crew in 2021.
4. Russia launched new generation GLONASS-K navigation satellite from the Plesetsk space centre in Russias
northwestern Arkhangelsk region.This is the fifth launch of a Global Navigation Satellite System satellite (GLONASS) from
the Plesetsk space centre.
5. India successfully test-fired its nuclear-capable strategicballistic missile Agni-IV, with a strike range of about 4,000 km,
from a test range off the Odisha coast.This was the fourth trial of Agni-IV missile. The last trial was carried out successfully
on January 20 this year from the same test range off Odisha coastaid.
6. NASA celebrated the 50th anniversary of its first mission to Mars, Mariner 4 mission on 28 November 2014. Mariner 4
mission launched on 28 November 1964 was the NASAs first successful journey to Mars.
7. Imaging and information technology solutions provider Ricoh India on Tuesday said that it has got a deal worth Rs. 1,370
crore from Department of Posts to modernise post offices through automation.
i. Under the project, Ricoh India will supply, install and maintain services of hardware, peripheral devices and operating
ii.The primary goal of the Rural ICT project is to improve the quality of service, provide more value added services and
achieve financial inclusion of un-banked rural population. Note: India Post is an iconic organisation in India, the largest
such network in the world and playing a crucial role in the socio economic development of rural India, touching the lives of
common man.
8. NASAs Kepler mission discovers super-Earth located 180 light-years from Earth.This led to the discovery of a planet, HIP
116454b, which is 2.5 times the diameter of Earth and follows a close, nine-day orbit around a star that is smaller and
cooler than our Sun, making the planet too hot for life as we know it.
9. ISRO successfully launches GSLV Mark-III. ISRO successfully carries out human crew module experiment; module safely
splashes down into Bay of Bengal off Andaman and Nicobar Islands.Also known as LVM3/CARE, this suborbital
experimental mission was intended to test the vehicle performance during the critical atmospheric phase of its flight and
this carried passive (non functional) cryogenic upper stage.
India's Mars mission successful on 1st attempt: India's first Mars orbiter successfully began a 400 million-km long journey
to Mars, making it the first Asian country and the fourth in the world to undertake a mission to the red planet.
Important Points.
Dr. K. Radhakrishnan ISRO Chairman
Mylswamy Annadurai is the Director of Mars Mission.
India's MOM is the cheapest inter-planetary mission, costing of Rs 450 Crore ($671 million) entered the Martian orbit on
24 September 2014.
The Mars Orbiter Mission (MOM), also called Mangalyaan, is Indias first interplanetary mission to the planet Mars.
India becomes the first country in the world to insert a spacecraft into the Martian orbit in its very first attempt.
Mars Orbiter Spacecraft, India's first interplanetary probe, was launched by PSLV-C25 on November 5, 2013 from Satish
Dhawan Space Centre, Sriharikota.
Indian Space Research Organisation (ISRO) becomes the fourth space agency to reach Mars after Roscosmos (Russia),
NASA (USA) and ESA (European).
The first Chinese mission to Mars, called Yinghuo-1, failed in 2011.
The project was approved by the government of India on 3 August 2012 and costs Rs. 450 crores.
MOM is the cheapest and lowest-cost inter-planetary mission ever to be undertaken in the world. It cost us all a mere Rs 4
per person
The mission successfully completed its 100 days in space on February 12, 2014.
The satellite has carried a compact science experiment instruments, totaling a mass of 15kg to study the Martian surface,
atmosphere and mineralogy.
Missiles in use of Indian Army:
Prithvi I - 150km - Surface to Surface short range ballistic missile.
Prithvi II - 350km
Prithvi III - 350km - 600km

Agni I - 700km -1250km Surface to Surface short range ballistic missile.

Agni II - 2000km -3500km
Agni III - 3500km -5000km
Agni IV - 3000km -4000km
Agni V - 5500km -5800km
Agni VI - 8000km -3500km
Akash- 30 km

1. India's first aircraft carrier INS Vikrant, now

decommissioned but which saw action during the 1971 Indo-Pakistan war, is finally being broken up.
2. India, China joint military exercise Hand-in-Hand held in Pune
3. Indo-Israel joint project LR-SAM tested successfully in Israel. Long Range Surface-to-Air Missile LR-SAM is a joint project
of Israeli Aerospace Industry, Indian Navy and DRDO.
4. India-Sri Lanka started joint military exercise, Mithra Shakti
5. Pak test-fires nuclear capable ballistic missile intermediate-range missile ShaheenII, also called Hatf VI.
6. India's indigenously developed nuclear capable sub-sonic cruise missile 'Nirbhay', which can strike targets more than 700
kms away, test-fired from a test range at Chandipur near in Balasore (Odisha).
7. Indian Space Research Organization (ISRO) on 16 October 2014 successfully launched third navigation satellite Indian
Regional Navigation Satellite System (IRNSS) 1C.
Note: i. IRNSS 1C is the third member of the seven satellite constellation of the IRNSS. The first two satellites in the series
were IRNSS 1A and IRNSS 1B.
ii. The fourth navigational satellite of the IRNSS segment will be launched in December 2014 and the project will be fully
operational in 2015.
8. NTPC Vidyut Vyapar Nigam Limited and Solar Energy Corporation of India Limited are set to enter into separate
agreements with Andhra Pradesh for setting up of large solar power generation parks of about 1000 MW each.
9. NTPC enter into an agreement with the Andhra Pradesh State for its long pending 4000 MW thermal power project
proposed at Pudimadaka, located close to Visakhapatnam district in Andhra Pradesh.
10. Rays Power Experts announced to set up 50 mw Solar Power Generation Park in Andhra Pradesh.
Note: Rays Power Experts is a third largest company in solar power executed in India.
India successfully test-fires nuclear-capable surface-to-surface Agni-I missile. The ballistic missile has a striking range of
700 to 1250 km
11. Iran unveiled a new surface-to-air Talash-3 (Effort-3, in Persian) missile and two radar systems Arash-2 and Kayhan
12. Avia Indra-2014 exercie: Indo-Russia maiden aerial exercise held in Caspian Sea in Russia.
13. Indo-US joint military Yudh Abhyas exercise underway in Uttarakhand
14. Indo-Nepal joint military exercise Surya Kiran-VII concluded at Pithoragarh
15. Pakistan test fired short range nuclear capable missile Hatf IX short range surface-to-surface missile. It is a nuclear capable
ballistic missile with a maximum range of 60 kilometer
Headquarter of International Organisation
International Organizations
UNO (United Nations Org)
UNCTAD (United Nations Conference
on Trade & Development)
WHO (World Health Org)
ILO (International Labour Org)
WMO (World Meteorological Org)
World Intellectual Property Org
International Standards Org.
IMF (International Monetary Fund)
World Bank
UNESCO (United Nations
Educational Scientific and Cultural
OECD (Org. for Economic
Cooperation and Dev.)
UNIDO (United Nations Industrial

New York
New York
Washington DC
Washington DC

Dev. Org)
IAEA (International Atomic Energy
OPEC (Organization of Petroleum
Exporting Countries)
Amnesty International
Commonwealth of Nations
IMO (International Maritime
ICJ (International Court of Justice)
FAO (Food and Agricultural
NATO (North Atlantic Treaty
Transparency International
SAARC (South Asian Association for
Regional Coop.)
ASEAN (Association of South East

The Hague

Asian Nations)
APEC (Asia Pacific Economic Forum)

Organization of Islamic Cooperation



Thermal Power plants (TPS) in India:

Anpara TPS Uttar Pradesh
Mundra TPS, Kutch, Gujarat
Vindhyachal TPS, Singrauli, Madhya Pradesh
Barauni TPP Bihar
Talcher Super TPS, Angul, Odisha
Bellary TPP Karnataka
Sipat TPS, Bilaspur , Chhattisgarh
Durgapur TPP West Bengal
Korba Super TPS, Chattisgarh
Sikka TPS Gujarat
Rihand TPS, Sonebhadra, Uttar Pradesh
Satpura TPS Madhya Pradesh
Jharsuguda TPS, Odisha
Singrauli Super Thermal Power Station UP
Tiroda TPS, Maharashtra
Wanakbori TPS - Gujarat

Nuclear power plants in India:

Kaiga atomic power plant - Karnataka
Narora atomic power plant - Narora, UP
Rajasthan atomic power plant: Rawatbhatta, Rajasthan
Kundankullam : in Tirunelveli district, Tamil Nadu (India
(India & Candada)
& Russia)
Tarapur atomic power plant Maharashtra (India & US)
Jaitapur Nuclear Power Plant - Ratnagiri district in
Maharashtra (India & France)
Kakarpar atomic power plant - Gujarat
Madras atomic power plant - Tamilnadu
Largest Dams in India:

Tehri Dam: on Bhagirathi River, Uttarakhand

Lakhwar Dam on Yamuna river, Uttrakhand
Iduuki Arch Dam on Periyar river, Kerala
Koyna Dam on Koyana river, Maharshtra
Bhakra nangal Dam: on Sutlej River, Punjab and Himachal
Sardar Sarovar Dam: on Narmada River, Gujarat
Srisailam dam: on Krishna River, Andhra Pradesh
Ranjit Sagar Dam: on Rav river, Punjab
Baglihar Dam: on Chenab river , J& K

Changu: Odissa and Andhra Pradesh

Gair: Rajasthan.
Garba, Dandiya Rass: Gujarat
Ghoomar: Rajasthan.
Karagam: Tamil Nadu.
Dumhal: Kashmir.

Kathak: Uttar Pradesh.

Bihu: Assam
Bharat Natyam: Tamil Nadu
Kuchipudi: Andhra Pradesh.

Cheruthoni (Eb) Dam: on Cheruthoni, Kerala

Hirakud Dam: on Mahanadi River, Orissa
Nagarjuna sagar Dam: on Krishna River, Andhra Pradesh
Indira SagarDam: on Narmada River, Madhya Pradesh
Ukai Dam: on Tapi river, Gujarat
Maithon Dam: on Barakar river, Jharkhand
Krishnarajsagar Dam: on kaveri river, Karnataka
Mettur Dam: on Kaveri River, Salem district in Tamil
TungaBhadra Dam on Tungabhadra rive, Karnataka

Folk dances in India

Lavani: Maharashtra
Odissi: Orissa
Rauf Jammu & Kashmir
Nautanki, Thora, Chappeli, Raslila, Kajri - UP
Classical dances in India
Kathakali: Kerala.
Chhau: Orissa, Bihar and West Bengal
Bhangra: Punjab.
Khantumm Mizora
Important Wildlife Sanctuary in India:

Kaziranga Wildlife Sanctuary - Assam

Manas Wildlife Sanctuary - Assam
Gir National Park & Wildlife Sanctuary- Gujarat
Sundarbans National Park - West Bengal
Periyar National Park and Wildlife Sanctuary Kerala
Kanha National Park - Madhya Pradesh
Bandhavgarh National Park - Madhya Pradesh

Ranthambore National Park & Wildlife Sanctuary Rajasthan

Bharatpur Bird Sanctuary - Rajasthan
Tal Chappar Wildlife Sanctuary - Rajasthan
Sariska Wildlife Sanctuary - Rajasthan
Chilka Lake Bird Sanctuary Odissa
Nandankanan Zoo Odissa
Corbett National Park - Uttrakhand

List of Chief Ministers of States in India

State & Union Territory : [Capital]

Chief Minister

Andhra Pradesh : [Hyderanbad]

N. Chandrababu Naidu

Arunachal Pradesh : [Itanagar]


Assam : [Dispur]

Tarun Gogoi

Bihar : [Patna]

Jitan Ram Manjhi

Chhattisgarh : [Raipur]

Raman Singh

Delhi : [New Delhi]

New Capital Vijaywada propsed

Presidential Rule

Goa : [Panaji]

Laxmikant Parsekar

Replaced ManoharParrikar

Gujarat : [Gandhinagar]

Anandiben Patel

First Female CM in Gujrat

Haryana : [Chandigarh]

Manohar Lal Khattar

Himachal Pradesh : [Shimla]

Virbhadra Singh

Jammu and Kashmir : [Srinagar (S)/Jammu (W)]

Jharkhand : [Ranchi]

Raghuvar Das

Karnataka : [Bengaluru]


Kerala : [Thiruvananthpuram]


Madhya Pradesh : [Bhopal]

Maharashtra : [Mumbai]

Shivraj Singh Chouhan


Manipur : [Imphal]

OkramIbobi Singh

Meghalaya : [Shillong]


Mizoram : [Aizawl]

Lal Thanhawla

Nagaland : [Kohima]

T. R. Zeliang

Odisha : [Bhubaneshwar]

Naveen Patnaik

Puducherry : [Puducherry]

N. Rangaswamy

Punjab : [Chandigarh]

Parkash Singh Badal

Rajasthan : [Jaipur]


Sikkim : [Gangtok]

Pawan Kumar Chamling

Tamil Nadu : [Chennai]

O. Panneerselvam

Telangana : [Hyderabad]

K. Chandrashekar Rao

Tripura : Agartala]

Manik Sarkar

Uttar Pradesh : [Lucknow]

Akhilesh Yadav

Uttarakhand : [Dehradun]

Harish Rawat

West Bengal : [Kolkata]

Mamata Banerjee

Vitamin A
Vitamin B1
Vitamin B2
Vitamin B3
Vitamin B5

List of Vitamin Deficiency

Night-blindness, Hyperkeratosis, and
Vitamin B6
Vitamin B7
Beriberi, Wernicke-Korsakoff
Vitamin B9
Ariboflavinosis, Glossitis, Angular
Vitamin B12
Vitamin C
Vitamin D

New Governor Aziz Qureshi

New Governor KK Paul

Anemia peripheral neuropathy.

Dermatitis, enteritis
Megaloblastic anemia and Deficiency
during pregnancy is associated with
birth defects, such as neural tube
Megaloblastic anemia
Rickets and Osteomalacia

Vitamin E

Deficiency is very rare; sterility in

males and abortions in females, mild
hemolytic anemia in newborn infants.

Vitamin K

Bleeding diathesis

Lines b/w Different Countries in the World

1. Durand Line: Pakistan and Afghanistan
2. Mc. Mohan Line: India(Arunachal Pradesh Region) and
3. Radcliff Line: India and Pakistan
4. Line of Control :It divides Kashmir between India and
5. Hidden berg Line: Germany and Poland
6. Maginot Line: France and Germany
7. Older Neisse Line: Germany and Poland

8. Mannerheim Line :Russia and Finland border.

9. Siegfried Line : Germany and France.
10. 17th Parallel: North Vietnam and South Vietnam
11. 24th Parallel : India and Pakistan.
12. 26th Parallel : Australia & South Africa
13. 38th Parallel: North Korea and South Korea
14. 49th Parallel: Canada and USA

Stock Exchanges and their Index:

1. BSE ( Bombay Stock Exchange) - SENSEX ( Sensitive
- BSE is oldest stock exchange in Asia located at Dalai
Street in Mumbai
- Sensex Consists of 30 companies
2. NSE (National Stock Exchange) - Nifty-50
-NSE is the largest stock exchange in India
-Nifty consists of 50 companies
3. NYSE ( Newyork Stock Exchange) - DJ ( Dow Jones)
- NYSE world's first and largest stock market
4. NASDAQ ( National association of securities dealers
Automated Quotation System)- NASD-100
- NASDAQ is the first electronic stock market in the
world located in New York.


Tokyo Stock Exhange ( Japan) - Nikkei-225

Korea Stock Exchange( Seoul, South korea) Kospi
Shenghai Stock Exchange( China)- Composite Index
Shenzen Stock Exchange( China)- Composite Index
German Stock Exchange- DAX( Deutscher Aktein
10. Hong Kong Stock Exchange- Hang Seng
11. . SGX(Singapore Exchange)- STI( Straits Times Index)
12. LSE( London Stock exchange) or UK stock exchangeFootsie or FTSE-100 ( Financial Times and London
Stock Exchange)
13. France Stock Exchange - CAC-40 ( Cotation Assistee
en Continuo)



Bandar Seri
Phnom Penh
New Delhi
Tele Aviv

Bahraini Dinar
Brunei Dollar






Kuwait City

Cypriot Pound
Indian Rupee
Iraqi Dinar
Jordanian Dinar




Kuala Lumpur



Kuwaiti Dinar
Nepalese Rupee
Pakistani Rupee




Saudi Arabia


Sri Lanka




United Arab


Qatari Riyal
Sri Lankan
Syrian Pound
New Taiwan
Tajik Rouble
UAE Dirham





Bosnia &




Kuna and
Croatian Dinar
Cyprus Pound



Czech Koruna










Danish Krone
Markka, now
French Franc,
now Euro
Deutsche Mark,
now Euro
Drachma, now
Icelandic Krona
Lire, now Euro

Abu Dhabi

Schilling, now
Belgian Franc,
now Euro



Swiss Franc




Franc, now
French Franc,
now Euro



The Hague









Dutch Guilder,
now Euro
New Zloty
Escudo, now
Romanian Leu
Pound Sterling
Peseta, now
Swedish Kroner
Swiss Franc
Tajik Rouble
Pound Sterling

Vatican City
Burkina Faso

Vatican City

Italian Lire
New Dinar
Pound Sterling
Algerian Dinar
Burkina Faso
Burundi Franc
Egyptian Pound
Guinea Franc
Kenyan Shilling
Liberian Dollar
Libyan Dinar
Malagasy Franc
Malian Franc

Cte d'Ivoire

Addis Ababa




Port Louis


Dzaoudzi and








West African

French Franc

Sierre Leone
South Africa

Cape Town





Costa Rica

San Jos

El Salvador

St. Domingo
San Salvador


St. George's






Mexico City



Somali Shilling
Barbados Dollar
Belize Dollar
Canadian Dollar
East Caribbean

St. Kitts and

St. Lucia


Trinidad and
United States
of America

Port of Spain
Buenos Aires


La Paz



El Salvadorian
East Caribbean





Jamaican Dollar
Mexican New

New Zealand


Papua New

Port Moresby

East Caribbean
East Caribbean
Trinidad and
Tobago Dollar
US Dollar
Austral, Neuvo
Chilean Peso
Colombian Peso
New Sol
Uruguayan New
Fiji Dollar
New Zealand

i. The euro is the currency used by the Institutions of the European Union and is the official currency of the eurozone, which
consists of 18 of the 28 member states of the European Union:
ii. Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Luxembourg, Malta, the
Netherlands, Portugal, Slovakia, Slovenia, and Spain.
iii. The 10 Countries which are the members of the European Union but do not use EURO as a Currency are 1. United Kingdom
2. Bulgaria
3. Croatia
4. Czech Republic
5. Denmark
6. Hungary
7. Lithuania 8. Poland
9. Romania
10. Sweden
iv. Lithuania is adopting the euro as its official currency in place of the lithuanian litas on 1 January 2015
v. 4 countries who are not the members of EU but they use Euro currency and made formal agreements with the EU and
changed their currency to the euro.
1. Andora
2. Monaco
3. San Marino
4. Vatican City
Important Days





15th January
24th Jan
25th January


30th January

National Youth day (Birthday

of Vivekananda).
Army day.
National Girl Child Day.
National tourism day/ Voters
National Martyrs day & World




28th Feb
8th March
9th March
15th March
20th March


21st March

anti Leprosy Day

World Cancer Day.
National science day
International women day
World Kidney day
World Consumer rights day ,
World Sparrow Day &
International Happiness Day.
World Forestry day


22nd March
23rd March
24th March
2 April
7th April
21st April
22nd April
24th April
1st May
3rd May
11th May
21st May


31st May


5th June
1st July
11th July
6th August
9th August
12th August
29th August

World water day

World Meteorological day
World T.B. day
World Autism Awareness Day
World Health day
Civil service day
World Earth day
Panchayat Divas
International Labour day
World Press Freedom Day
National Technology day
Anti Terrorism day (Death day
of Rajiv Gandhi)
Anti Tobacco day (No smoking
World Environment day
Doctors day
World population day
Hiroshima day
Nagasaki day
International youth day
National Sports day (Birthday


5th Sept
8th Sept
14th Sept
15th Sept
16th Sept
2nd Oct
8th Oct
9th Oct
24th Oct
17th Nov
18th Nov
19th Nov
27th Nov
1st Dec
14th Dec


24 Dec

of Dhyan Chand)
Teachers day
World Literacy day
Hindi Divas
Engineers day
Ozone day
International Non-violence day
Air force day
World post day
United nation day
Students day
Adults day
Citizens day
National law day
AIDS day
Navy day
Human Rights day
National Energy Conservation
National Consumers Rights


OLTAS - On-line Tax Accounting System (OLTAS)

for Direct Taxes
TIN - Tax Information Network (TIN)
IMPS - Interbank Mobile Payment Service (IMPS).
CDR- Corporate Debt Restructuring
CAD- Capital Account Deficit
REITs: Real Estate Investment Trusts
InvITs: Infrastructure Investment Trusts
ALM- Asset Liability Management
AML Anti Money Laundering
KYC know Your Customer
ASBA: Application Supported by Blocked Amount
BSBDA - Basic Savings Bank Deposit Account
IFSC Indian Financial System Code
CBS: Core Banking Solution
RTGS - Real Time Gross Settlement
SLR-Statutory Liquidity Ratio
CAR Cash Adequacy Ratio
MSF-Marginal Standing Facility
NBFC-Non Banking Finance Companies
PIN: Personal Identification Number
CCEA Cabinet Committee on Economic Affairs
CECA - Comprehensive Economic Cooperation
CEPA Comprehensive Economic Partnership
DTAA Double Taxation Avoidance Agreement
ECBs - External Commercial Borrowings
EEFC - Exchange Earner's Foreign Currency
EFSF European Financial Stability Facility


FEMA- Foreign Exchange Management Act

FII Foreign Institutional Investor.
FINO- Financial Inclusion Network Operation
FIPB Foreign Investment Promotion board
FSLRC Financial Sector Legislative Reforms
CRAR: Capital to Risk-weighted Assets Ratio
SWIFT: Society for Worldwide Interbank Financial
DEAF: Depositor Education and Awareness Fund
NEFT - National Electronic Funds Transfer
DICGC : Deposit insurance and credit guarantee
FCNR(B) - Foreign Currency Non-Resident Bank
LCR: Liquidity Coverage Ratio
IMPS: Interbank Mobile Payment Service
TARC - Tax Administration Reform Commission
LRMT: Liquidity risk monitoring tools
ECB - External Commercial Borrowings
MIBOR: Mumbai Inter-Bank Offer Rate
LIBOR: London Inter-Bank Offer Rate
LAF Liquidity Adjustment Facility
GIRO - Government Internal Revenue Order
FRBMA: Fiscal Responsibility and Budget


Management Act
AMFI- Association of Mutual Fund in India.
TIEA Tax Information exchange Agreement
FTA- Free trade agreement
GAAR - General anti avoidance rule
GSLV - Geo-Synchronous Launch Vehicle
NCTC - National Counter-Terrorism Centre
NSG Nuclear Suppliers Group

56. PPP Public Private Partnership & Purchasing


Power parity
PSLV Polar Satellite Launch vehicle
TAPI - Turkmenistan-Afghanistan-Pakistan-India.
QFI -Qualified Foreign Investors
REER: Real Effective Exchange Rate