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RBI in News
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How SLR determined? - SLR is determined as the percentage of total demand and percentage of time liabilities. Time
Liabilities are the liabilities a commercial bank liable to pay to the customers on their anytime demand. .
What is the need of SLR? - With the SLR (Statutory Liquidity Ratio), the RBI can ensure the solvency a commercial
bank. It is also helpful to control the expansion of Bank Credits. By changing the SLR rates, RBI can increase or
decrease bank credit expansion.
Current Rates:
1. Repo Rate
2. Reverse Repo
8%
7%
3. CRR
4. SLR
5. MSF
6. Bank Rate
4%
22%
9%
9%
(Unchanged)
(Unchanged)
(Unchanged)
(Unchanged)
(Unchanged)
(Unchanged)
The Reserve Bank of India (RBI) extended the deadline for exchanging pre-2005 of various denominations by another six
months till 30 June 2015.
The Reserve Bank of India (RBI) relaxed the norms for Pre-paid Payment Instruments (PPI) and doubled the limit of PPI
from 50000 rupees to 1 lakh rupees. The move would help in achieving the objective of limiting cash transactions in the
system.
Key Facts Maximum validity enhanced from 1 year to 3 years.
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.
RBI permitted banks to issue rupee denominated PPIs for visiting foreign nationals and NRIs.
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20. PIO
21. FRBMA
22. DTAA
23. TIEA
24. PPP
25. ASBA
26. NBFC
27. EEFC
28. RTGS
29. MSF
30. CBS
31. FSLRC
34. SWIFT
35. GIRO
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Objective
to examine the possibility of constitution of a Special Investigation Team (SIT) for
reinvestigation of the 1984 anti-Sikh riot cases.
2. T S R Subramanian Committee
to leverage the post office/ to transform the Post Office Network in keeping with
changing market trends and competition.
Indias GDP Growth projected by different Org. for current fiscal i.e. 2014-15
Name of Org.
1. RBI
2. World Bank
3. IMF
4. ADB (Asian Develop. Bank)
5. Fitch
6. Moodys
7. United Nations Conference on Trade
and Development (UNCTAD)
Note: Global economy to grow over 3% in 2015 & 2016: United Nations
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Summits/Conferences around the World 1. 13th Pravasi Bharatiya Divas (PBD) 2015 Gandhinagar, Gujarat
Note: i. Guyana President Donald Ramotar is the chief guest of the 13th Pravasi Bharatiya Divas.
ii. The event is being held in Gandhinagar to mark the centenary of the return of the " Sarva Sreshtha Pravasi Bhartiyaor
foremost Indian diaspora member, Mahatma Gandhi to India from South Africa.
iii. 12th edition of Pravasi Bharatiya Divas was held in New Delhi.
Note: i. On January 9, 1915 Mahatma Gandhi (Sarva Sreshtha Pravasi Bhartiya) return to India from South Africa and
led India to independence and transformed the lives of Indians endlessly.
ii. The government of India choses January 9 to celebrate Pravasi Divas which is organized by Ministry of Overseas
Indian Affairs (MOIA), from 7th-9th January every year since 2003.
iii. The decision to celebrate Pravasi Bharatiya Divas was suggested by L. M. Singhvi Committee, a High Level
Committee (HLC) on the Indian Diaspora which was set up by the Govt. of India.
iv. After receiving the report of the L. M. Singhvi Committee, Prime Minister of India, Shri Atal Bihari Bajpayee
announced on January 8, 2002, to celebrate Pravasi Bharatiya Divas"(PBD) on 9 January from 2003.
Important Summits/Conference
Summits / Conference
Venue
New Delhi
South Korea
Lima, Peru
Kathmandu (Nepal)
Islamabad, Pakistan
Brisbane, Queensland (Australia)
Cairns (Australia)
Turkey
China
Wales (Britain)
Hague, Netherland
United States
Fortaleza, Brazil
Ufa, Russia
New Delhi, India
Brussels
Nay Pyi Taw (Myanmar)
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Nepal
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Financial/Banking - News
1. Lok Sabha passes Regional Rural Banks (Amendment) Bill, 2014 This bill
amends Regional Rural Banks Act, 1976 and aims to strengthen the Regional
Rural Banks and deepen their financial inclusion.
Important Points
Approved capital: This amendment bill increases the authorized capital of
each Regional Rural Bank (RRB) from Rs 5 crore to Rs 2000 crore divided into
Rs 200 crore of fully paid share of Rs 10 each. As per the parent Act the Rs 5
crore share capitals of RRBs is split into 5 lakh shares of Rs 100 each.
Allotted capital: It also provides that the authorized capital issued by any
RRBs shall not be reduced below Rs 1 crore and shares in all cases to be fully
paid up shares of Rs 10 each.
Term of directors: The bill raises the tenure of directors to 3 years from
existing 2 years. The Bill also states that no director can hold office for a total
period exceeding six years.
ICICI Bank in News
Country's first contact-less debit & credit cards launched by ICICI Bank i. The first 'contact-less' debit and credit cards to enable electronic payments
without swiping was launched by ICICI Bank.
ii. The cards, which are based on near field communication (NFC) mechanism,
will allow customers to manage their accounts without having to insert or
swipe the cards.
Note: Customers need not swipe the card at the point of sale terminal. The card
is similar to the Metro card used in Metro trains. You can simply tap it on the
terminal and pay for your purchases.
ICICI Bank has launched its own version of Digital Village Project by adopting
entire Akodara Village in Sabarkantha district of Gujarat.
ICICI Bank launched a savings account for minors above 10 years of age which is known as Smart Star accounts.
ICICI Bank offers Card less Cash Withdrawal at ATMs. Now customer can withdrawal cash without a debit card at an
ICICI Bank ATM.
Note: Bank of India is the first bank to launch this facility.
SBI (State Bank of India) in News
SBI Cards has tied up with Future Group company Fashion at Big Bazaar (FBB) to offer a co-branded CREDIT CARD,
Styleup.
Note: i. The new Styleup card offers a lifetime flat 10 per cent discount on fashion apparel, fashion accessories and
footwear at all FBB and Big Bazaar stores and the customers will also get 10 times the rewards on all Big Bazaar purchases
besides other discounts and rewards.
ii. SBI Cards is the only free-standing CREDIT CARD company in the country.
State Bank of India to launch Islamic equity fund: State-owned bank will launch an Islamic equity fund next month
aimed mainly at the country's 170 million Muslims.
Note: i. India's stock exchanges have between 600 and 700 companies that are Sharia-compliant.
ii. 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 mPassBook facility on its smartphone application anywhere' mobile application, for its retail banking users.
Note: mPassBook was an electronic application of a physical passbook for savings bank and current accounts.
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.
State Bank of India (SBI) launched a savings account for minors above 10 years of age which is known as Pehla Kadam
and Pehli Udaan
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.
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Kotak Mahindra Bank in News
Kotak Mahindra Bank is the first bank to fully own an insurance business
i. Kotak Mahindra Bank became the first bank to get the Reserve Bank of India's (RBI's) permission to set up a whollyowned 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.
Kotak Mahindra acquired ING Vysya Bank deal at around Rs 15,000 crore.
i. Kotak Mahindra Bank announced it was acquiring Bengaluru-headquartered ING Vysya Bank in an all-stock deal.
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.
Other Financial/Banking/ News
1. 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.
2. China beats India in November FII inflows: HSBC
Note: 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, it said.
3. Union Cabinet approved hike of government stake in IFCI to 51 percent - The increase in government stake will be through
infusion of 60 crore rupees by way of acquisition of preference shares from existing shareholders. As a result, Indias
oldest financial institution IFCI will now become a government owned company.
Note: The current shareholding of Union government in IFCI after inclusion of the preference share capital was 47.93
percent. Therefore, IFCI was not a Government Company under section 2(45) of the Companies Act, 2013.
4. ADB give $200 Million Loan to YES Bank to Helps Rural Women, Small Holder Farmers - The Asian Development Bank
(ADB) has signed a loan of up to $200 million with YES Bank Ltd which will provide financing assistance to low income
women borrowers and small-scale farmers in rural India.
5. India's LIC International and Abu Dhabi -based First Gulf Bank are planning to introduce a unique co-branded credit card
in the United Arab Emirates to address concerns of insurance policy holders.
6. 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.
7. ADB (Asian Development Bank) approves $350 mn for up gradation of roads in Madhya Pradesh.
8. Employees Provident Fund Organization (EPFO) retains interest rate on provident fund at 8.75 percent for the current
fiscal.
9. Union Government signed a loan agreement with the Asian Development Bank (ADB) for 75 million dollar and 1.8 million
dollar grant for Karnataka Integrated Urban Water Management Investment Program (KIUWMIP).
10. Federal Bank Limited launched a savings account for minors above 10 years of age which is known as Young Champ.
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Key Facts:
Slogan of the Scheme - Mera Khata Bhagya Vidhaata.
Aims to open 15 Crore Bank accounts by 15 Aug. 2015.
Every person will eligible insurance to receive an accident insurance cover of up-to Rs. 1 Lakh.
An additional Rs. 30,000 life insurance cover will be provided for those opening bank accounts before January 26, 2015.
HDFC Ergo General Insurance will provide the accident cover under the scheme.
LIC (Life Insurance Corporation) will provide the life insurance cover of Rs 30,000 under the scheme
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.
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Foreign Investment
Foreign Investment - Investment' is generally assumed as financial aid to the capital of an enterprise or purchase of
shares in the enterprise. 'Foreign investment' is investment in an enterprise by a Non-Resident irrespective of whether
this involves new capital or reinvestment of earnings.
Foreign investment is of two kinds:
1. Foreign Direct Investment (FDI) FDI' means investment by non-resident entity/person resident outside India in the
capital of the Indian company under Schedule 1 of FEMA (Transfer or Issue of Security by a Person Resident Outside India)
Regulations 2000. .
Note: FDI, in various sectors, is allowed, up to the different limits, varying from 20% to 100%, subject to applicable laws/
regulations; security and other conditionality.
2. Foreign Portfolio Investment: Foreign portfolio investment is the entry of funds into a country where foreigners make
purchases in the countrys stock and bond markets, sometimes for assumption.
What is the procedure for receiving Foreign Direct Investment in an Indian company: An Indian Company may
receive Foreign Direct Investment under the two routes as given under:
1. Automatic Route: FDI is allowed under the automatic route without prior approval either of the Government or the
Reserve Bank of India in all activities/sectors as specified in the consolidated FDI Policy, issued by the Government of
India from time to time.
2. Government/ Approval Route: All Foreign Direct Investment proposals requires prior approval of the Government
which are considered by Foreign Investment Promotion Board (FIPB), Department of Economic Affairs, Ministry of
Finance.
1. Defence
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2. Insurance
20%
74%
5. Pension Sector
6. Multi Brand
7. Single Brand
8. Tourism
9. Print Media
10. Civial Aviation
11. Pharmaceutical industry
12. Education Industry
49%
51%
100%
100%
26%
49%
100%
100%
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New Ambassador appointed New US Ambassador to India Richard Rahul Verma. He replaces Nancy Powell.
New China Ambassador to India - Le Yucheng. He replaces replaced Wei Wei
New Bangladesh Ambassador to India - Syed Muazzem Ali. He replaced Tariq A
Karim
Myntra.com named Kangana Ranaut as its brand ambassador.
Amitabh Bachchan named brand Ambassador of Andhra Pradesh health sector.
Events Chief Guest
Chief Guest of Indias Republic Day 2015 - Barack Obama (US President)
Note: He will be the first US President to attend the Republic Day Parade of
India.
Chief guest of the 13th Pravasi Bharatiya Divas - Donald Ramotar (Guyana
President)
New Union Minister Appointed:
New Defence Minister - Manohar Parrikar
New Railway Minister - Suresh Prabhu
New Tourism Minister Dr. Mahesh Sharma
New Law and Justice Minister - D V Sadananda Gowda
New Communications and Information Technology Minister - Ravi Shankar
Prasad
New Health & Family Welfare Minister - Jagat Prakash Nadda:
New Minister for Rural Development, Panchayati Raj, Drinking Water &
Sanitation - Birender Singh
New Science and Technology, Earth Sciences Minister - Dr. Harsh Vardhan
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New Ambassador Appointed
UN Women Goodwill Ambassador for South Asia - Sania Mirza
Note: She became the first South Asian woman to be appointed as a Goodwill Ambassador.
iii. 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.
Brand ambassador for 2015 ICC World Cup - Sachin Tendulkar
Others Appointment 1. New US defense secretary - Ashton Carter. He replaced Chuck Hagel
2. New Inter-Services Intelligence (ISI) chief - Lieutenant General Rizwan Akhtar
3. New UN Messenger of Peace - Leonardo DiCaprio
4. New International Economic Association President: Kaushik Basu:
5. New Executive Director (ED) in World Bank: Subhash Chandra Garg
Books/Authors
Book Titled 1. The Dramatic Decade: The Indira Gandhi Years
2. Born Again on the Mountain
3. My Name is Abu Salem
4. Black Tornado: The Three Sieges of Mumbai 26/11
5. Your Dreams Are Mine Now: She Showed him What Love
6. Next China-India War - World's First Water War 2029
Rajdeep Sardesai
Sachin Tendulkar & Boria Majumdar
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Sadruddin Hashwani
Dilip DSouza
Naseeruddin Shah's autobiography
Neel Mukherjee
Kunwar Natwar Singh
Richard Flanagan
Chetan Bhagat
K Giriprakash
Yashwardhan Shukla
Uday Tara Nayar
PC Parakh
Dr. Sanjaya Baru
R.D.Pradhan
Vinod Rai
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Obituary
India
Person died
1. K. Balachander
2. Piratla Venkateswarlu
3. Grihanandan Singh
4. Nedunuri Krishnamurthy
5. V. R. Krishna Iyer
6. Nand Chaturvedi
7. GS Gangaram Laxman Taleka
8. Narayanan Lakshmi Balakrishnan
9. Upendra Jethalal Trivedi
10. V R Gowarikar
11. Boobli George Verghese
12. Deven Varma
13. Jarbom Gamlin
14. SV Krishnamurthy
15. Veenapani Chawla
16. Tapan Raychaudhuri
17. Ravi Chopra
18. Murli Deora
19. Sitara Devi
20. Qimat Rai Gupta
21. Sadashiv Amrapurkar
22. Pran Kumar Sharma
WORLD
Person died
1. Luise Rainer
2. Geoff Pullar
3. Phil Hughes
4. Phyllis Dorothy James
5. Hillel Oscar
6. Kottarapattu Chattu Kuttan
7. Michael Sata
8. Senzo Meyiwa
9. Mohammad Ghouse
10. Richard Attenborough
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World
1. Chuck Hagel
Why in News Nominated for Oscar Awards 2015 . He was nominated for the films
Million Dollar Arm, The Hundred-Foot Journey and Indian film
Kochadaiiyaan.
TVS chairman was conferred with Honorary Citizen of Busan, Korea
Won Mayoral election from Raigarh (Chhattisgarh) Municipal Corporation.
She scripted history by becoming the first transgender to get elected as
mayor in the state.
became longest serving Chief Minister of India
2. Venu Srinivasan
3. Madhu Kinnar (Transgender)
4. Pawan Chamling
World
1. Larry Page ( CEO and co-founder of Google)
2. Rolene Strauss
3. Barack Obama
Awards & Honours 1. Business person of the year for 2014 - According to Fortune magazine Chief Executive Officer (CEO) and co-founder of
Google, Larry Page has emerged as the 'business person of the year' for 2014.
2. Bharat Ratna Award 2014 Madan Mohan Malviya (posthumously) Atal Bihari Vajpayee (Former Prime Minister of
India) conferred with Bharat Ratna Award 2014.
Note: i. Madan Mohan Malaviya was an Indian educationist and politician notable for his role in the Indian independence
movement and as the four time president of Indian National Congress.
ii. Banaras Hindu University (BHU) is a public central university located in Varanasi, Uttar Pradesh. Established in 1916 by
Pandit Madan Mohan Malviya.
iii. Bharat Ratna Award 2013 conferred to Sachin Tendulkar & Prof. CNR Rao
3. Miss World 2014 conferred to- Rolene Strauss of South Africa crowned Miss World 2014.
4. Time magazines "Person of the Year 2014"- Ebola fighters
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Note: The uncountable doctors, nurses and caregivers at the forefront of battling one of the worst ever outbreaks of the
deadly Ebola virus, were collectively named as Time magazine's 2014 'Person of the Year'.
5. Time magazines reader poll "Person of the Year 2014" - Narendra Modi (PM of India),
6. Asian of the Year' award - Narendra Modi (PM of India), award was given by Singapore leading daily newspaper "The
Straits Times".
7. Olof Palme Human Rights 2014 - Xu Youyu of China won the Olof Palme Human Rights Prize for the year 2014. The
award given annually by the Stockholm-based Olof Palme Memorial Fund of Sweden.
8. Yash Chopra Memorial Award conferred to - Amitabh Bachchan
9. Europe's best football player of the year award - Cristiano Ronaldo
10. Miss Universal Peace & Humanity 2014 conferred to - Ruhi Singh
11. PETA Indias People of the Year award 2014 conferred to - Bollywood actress Jacqueline Fernandez and former Supreme
Court judge KS Radhakrishnan.
12. Queens Gold Medal award 2014 conferred to - Imtiaz Dharker (Noted Pakistan poetess)for her latest poetry collection
Over the Moon.
13. Lifetime Achievement Award conferred to - Playback singer Asha Bhosle awarded Lifetime Achievement Award at the
11th Dubai International Film Festival (DIFF) held in Dubai.
14. Turner Prize 2014 conferred to - Duncan Campbell (Film artist of Ireland)
15. Asian Football Confederation (AFC) Hall of Fame Award conferred to - Baichung Bhutia (Former Indian football captain)
16. Bharat Asmita award conferred to - Trilochan Sastry, Professor in Quantitative Methods and Information Systems,
Indian Institute of Management Bangalore (IIMB),
17. Russian film Leviathan directed by Andrey Zvyagintsev won the best film award comprising Golden Peacock at the
45th International film Festival of India held in Goa.
18. Polly Umrigar Award 2013-14 conferred to: Pacer Bhuvneshwar Kumar
19. C.K. Nayudu Lifetime Achievement Award2014 conferred to- Former India captain Dilip Vengsarkar
20. Japan national award conferred to: Former Prime Minister Manmohan Singh
21. International Childrens Peace Prize 2014 - Indian-American Neha Gupta
22. Sumitra Charat Ram Award 2014 - Veteran classical vocalist Pandit Jasraj conferred with award
23. Sir Ross Masood Lifetime Achievement Award 2014 - Saiyid Hamid conferred
24. 2014 Worlds Children prize - Malala Yousafzai
25. 2014 Man Booker Prize - Australian author Richard Flanagan won 2014 Man Booker Prize for his novel The Narrow Road
to the Deep North
26. 2014 Liberty Medal - Malala Yousafzai
27. Euromoney's Central Bank Governor of Year Award - Raghuram Rajan
28. 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.
29. Assam NGO Aaranyak won UN Lighthouse Activities award
i. Aaranyak, an Assam-based NGO working for the conservation of nature and a Kathmandu-based International Centre for
Integrated Mountain Development (ICIMOD) on 25 November 2014 won United Nations Lighthouse Activities award for
the year 2014.
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Winner
Kailash Satyarthi (India) & Malala Yousufzai
(Pakistan)
Work
For their struggle against the dominance of
children & for the right of all children to
education.
Note: i. Pakistans Malala Yousafzai (17), is the youngest recipient of the prize.
ii. Child rights activist Satyarthi, runs NGO Bachpan Bachao Aandolan (Save Childhood Movement).
iii. Kailash Satyarthi is the second Indian to win Nobel Peace Prize. The winner before him was Mother Teresa.
2. Nobel prize in
Literature
3. Nobel prize in
Economics
4. Nobel prize in
Medicine
6. Nobel Prize in
Chemistry
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New Power plants installed Prime Minister Narendra Modi dedicated to the nation the second unit of the 726 MW gas-based power plants at Palatana
in Tripura.
Suzlon Energy installed worlds tallest hybrid wind generator turbine in Kutch, Gujarat.
SunEdison signed MoU with Rajasthan Government to set up 5000MW solar projects.
BHEL will set up first Supercritical Thermal Power Plant in Telangana state.
Stamp/Coins released by government
Memorial coin in honour of Jamsetji Tata released by govt.
Stamp on Sri lankan Buddhist monk Anagarika Dharmapala released by govt.
Other Important Facts 1. Tashi Malik and Nungshi Malik from Dehradun, Uttarakhand became the worlds first twin and sibling to climb the highest
peaks of the seven continents.
2. United Nations Childrens Fund (UNICEF) has decided to prepare a Tea Atlas in Indias North Eastern State Assam. This
atlas seeks to create a comprehensive database of the tea gardens and socio-economic condition of its workers in state.
3. Congress celebrated its 130th Foundation Day on 29th December 2014.
4. Delhi govt ban on Uber taxi service, after a 27-year-old MNC executive, who used its mobile app to book a cab, was raped
allegedly by the driver.
5. Private entity cannot hold more than 26% in coal venture
Note: i. According to Coal Ministry - A private sector entity cannot own more than 26 per cent stake in public-private joint
ventures for coal block allocations.
ii. However, if it is more than one private sector entity, the structure should be such that its stake does not exceed 49 per
cent.
6. India celebrates 43rd Navy Day on 4th December
7. Former Prime Minister Atal Behari Vajpayee's birthday on 25th December would be observed as National 'Good
Governance Day'.
8. IBM launches new e-mail service Verse.
Rank
135 (Norway on the top)
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First in India -
First-ever Offshore Wind Power Project (100 MW capacity) in India will be set
up at - Gujarat coast
First Mega International Food Park was inaugurated at Dabwala Kalan, in
Fazilka District Punjab under the aegis of Mega Food Park Scheme.
First Olive refinery will be set up in Bikaner, Rajasthan.
First Skill development centre opens in Udaipur, Rajasthan.
First Mega Food Park opens in Tumkur in Karnataka.
First kisan mandi is set up at Alipur in north Delhi
First Health Adalat launched in Karnataka.
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.
Fits first e-police station launched by Delhi Police.
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India Deals /Agreement / MoU (Memorandum of understanding) with Other Countries
1. India and Japan to Cooperate in the Fields of Cyber Security and Green ICT (Information and Communication Technology).
2. Pakistan and Russia have signed an energy deal worth $1.7 billion to lay a gas pipeline from Karachi to Lahore.
3. India signed a MoU with Mozambique for cooperation in the field of oil and gas.
Note: Mozambique is a country in Southeast Africa bordered by the Indian Ocean to the east.
4. 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.
5. China and Australia signed a memorandum of understanding (MoU) on bilateral Antarctic cooperation.
6. India and Bhutan signed a Memorandum of Understanding (MoU) to develop Nalanda University in Bihar as an
international centre of excellence.
7. India and Republic of Korea signed an a Memorandum of Understanding (MoU) to facilitate technical cooperation in
Railway sector between the two countries.
8. Government is planning to cover the entire country under Indira Gandhi Maatritva Sahyog Yojana by 2016.The scheme
envisages providing cash directly to pregnant and lactating mothers during pregnancy and lactation to improve health and
nutrition.
Defence/Science News 1.
2.
3.
4.
5.
Warship/Aircraft carrier
1. INS Kolkata
2. INS Vikrant
3. INS Arihant
4. INS Vikramaditya
5. INS Kamorta
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Objective
Rural electrification scheme
Important News around the World 1. Worlds largest cruise ship terminal opens in Dubai
2. A gold chain hand-made in Dubai has entered Guinness World Records as the world's longest chain. The chain, which set
the record with a total length of 5.522 kilometers, has more than 4 million links and is made of 22 carat gold. It weighs 256
kg.
3. Bhutan became the 181st member of Multilateral Investment Guarantee Agency (MIGA).
Note: MIGA is the political risk insurance and credit enhancement agency of the World Bank Group.
4. Bharat Heavy Electricals Limited (BHEL) successfully commissioned a 28 MW Nyaborongo Hydro Electric Project in
Rwanda on turnkey basis.
5. According to the Bloomberg Billionaires Index - Bill Gates is the world richest person, Warren buffet became second
richest person in the World. He replaced Carlos Slim, business magnate of Mexico
6. United Nations declared year 2014 as the International Year of Family Farming.
7. Sweden is the first European Union (EU) country to officially recognise the State of Palestine.
8. Nigeria is now free of Ebola - WHO
9. According to WHO - Pakistan, Afghanistan and Nigeria, are the only three countries in the world where polio remains
endemic.
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10. 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.
Forbes List
3. Xi Jinping
4. Pope Francis
5. Angela Markel
Note: Indian Prime Minister Narendra Modi ranked 15th on the Forbes list.
The next Indian on the list is Mukesh Ambani at 36th rank.
Sports ScanCricket News 1. Sachin Tendulkar appointed as ambassador of Cricket World Cup 2015
2. India won the Blind Cricket World Cup by defeating Pakistan in the final.
3. Deodhar Trophy 2014 East Zone defeated West Zone to win title.
4. Duleep Trophy 2014: Central Zone defeated South Zone to won the title
5. Virat Kohli is named the new captain of the Indian Test team.
6. MRF Tyres of India announces association as Global Partner for ICC Cricket World Cup 2015.
7. Sri Lanka batsman Kumar Sangakkara became fastest to score 12000 Test runs.
8. United Arab Emirates (UAE) captain Khurram Khan became the oldest player to score a century in the One-Day
International (ODI). He scored the winning century against Afghanistan in Dubai on 30 November 2014
9. Pacer Bhuvneshwar Kumar is selected for Polly Umrigar Award for the 2013-14 season.
10. Former India captain Dilip Vengsarkar conferred with C.K. Nayudu Lifetime Achievement Award for 2014
11. 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.
12. 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.
13. 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.
14. Angelo Mathews named as captain of the ICC Test Team of the Year 2014.
15. Cricketer Sachin Tendulkar and Steve Waugh of Australia selected as Bradman Honouree 2014
16. BCCI signs five-year agreement with MRF Pace Foundation
Note: Glenn McGrath, director of the foundation and former Australian pace bowler, will train the players. McGrath who
played for Australia for 14 years was himself trained in the foundation under Dennis Lillee in 1992.
17. Marvan Atapattu's is new Sri Lanka Coach.
18. 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
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2. India
2021
T20- World Cup Cricket
1. India
2016
2. Australia
2020
Note: Bangladesh -2014. Sri Lanka defeat India
to win the maiden title.
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Football News 1. Winner of Indian Super League (Football) - Atletico de Kolkata defeated Kerala Blasters FC to won the title.
Note: Indian Super League, officially known as the Hero Indian Super League for sponsorship reasons, is a professional
football league in India. Total Number of Teams - 8
Atletico de Kolkata team owner Sourav Ganguly,
Kerala Blasters FC team owner Sachin Tendulkar
2. Super Victor is the mascot named for 2016 European football championship.
Note: Euro football championship 2016 will be held in France.
3. Cristiano Ronaldo received 2013-14 European Golden Boot award
FIFA (Football) World Cup venue
Venue
Year
1. Russia
2018
2. Qatar
2022
Note: Germany defeat Argentina by 1-0 to lift 2014 FIFA World Cup title.
Hockey News 1. Hockey Champions Trophy 2014 - Germany beat Pakistan to win the title.
2. Sultan of Johor Cup title (Hockey) 2014 India ( juniors) defeated Great Britain to retain the title.
3. India (Mens) wins Gold medal in Asian Games 2014. India defeated Pakistan in the final.
4. India (Womens) wins Bronze medal in Asian Games 2014.
5. Sardar Singh, captain of the mens hockey team is the Indian contingents flag bearer at 17th Asian Games
Venue
1. India (Mens)
2018
2. England (Womens)
2018
Note: Hockey World Cup 2014 Mens Title Australia defeated Netherland.
Hockey World Cup 2014 Womens Title - Netherland defeated Australia.
Tennis News 1. Roger Federer wins Brisbane International Title 2014. He beat Pat Rafter Arena to clinch his 83rd career title.
Note: Roger Federer becomes the third man, after Jimmy Connors and Ivan Lendl, to secure 1,000 ATP wins.
2. Maria Sharapova wins Brisbane International Title 2014. She defeats Ana Ivanovic to clinch her 34th career title.
3. Stan Wawrinka wins Chennai Open Title 2014. He defeated Aljaz Bedene in the final.
4. Novak Djokovic wins ATP (Association of Tennis Professionals) Finals
5. Roger Federer defeated Gilles Simon to win Shanghai Masters.
6. 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.
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Category
Mens Single
Womens Single
Category
Womens Single
Doubles Title
Runner-up
Tomas Berdych (China)
Petra Kvitova
US Open 2014
Category
Winner
Runner-up
Mens Single
Womens Single
Mens Doubles
Mixed Doubles
Category
Mens Single
Womens Single
Wimbledon 2014
Winner
Novak Djokovic (Serbia)
Petro Kvitova (Czech
Republic)
Runner-up
Roger Federer (Swiz)
Eugenie Bouchard
Badminton News 1. PV Sindhu won the Macau Open Grand Prix Gold Badminton title for the
second consecutive time. She defeated Korean Kim Hyo Min
2. China open singles titles: Ace shuttlers Saina Nehwal defeated Akane
Yamaguchi of Japan to win the title
3. China open singles titles: K Srikanth defeated Lin Dan of China to win the
title
4. Ajay Jayaram won Dutch Open Grand Prix badminton tournament
Chess News 1. Magnus Carlsen beats Viswanathan Anand to win World Chess Championship title 2014.
2. Viswanathan Anand won London Classic title.
3. Seven-year-old Dev Shah of Mumbai has become the youngest rated chess player from India.
4. World Chess Championship 2014 held in Russia.
Golf News
1. Hero Women's Indian Golf Open 2014 - Gwladys Nocera of France won the title
2. World Tour Golf Championship held in Dubai.
3. Oliver Wilson defeated world number one Rory McIlroy to win first European golf title.
4. Indian golfer Anirban Lahiri won Venetian Macau Golf Open
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5. Europe retains Golf's Ryder Cup by defeating United States
Grand Prix (Formula-1) News 1. Lewis Hamilton has won the Abu Dhabi Grand Prix
2. Nico Rosberg wins Brazilian Grand Prix.
3. Lewis Hamilton wins United States Grand Prix
Other Sports News 1. Kabbadi World Cup 2014 Indian Mens & Women won the title of Kabbadi World Cup 2014.
Note: In Men, India defeated Pakistan in the final and in Women, India defeated New Zealand.
2. S Shrikrishna defeated Ishpreet Singh Chadha to win the National Sub-Junior Billiards title 2015.
3. Honorary member of the International Olympic Committee (IOC) - Randhir Singh
4. Michael Phelps was crowned Male Athlete of the Year at the 2014 USA Swimming Golden Goggle Awards on 24 November
2014. He was crowned with the title for a fifth time.
5. 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.
2014
2016
2018
2020
Asian Games 2014 held in Incheon (South Korea). This is the (17th edition) of Asiad games.
Mascot - Harbour Seal Siblings - Barame, Chumuro and Vichuon.
Theme - Meet Asias Future.
Note: 2018 Asian Games will be held in Jakarta, Indonesia.
Asian Games 2014 -Medal Tally
Country + Ranking
Gold
Silver
Bronze
1. China
151
108
83
2. South Korea
79
71
84
3. Japan
47
76
77
4. Kazakahistan
28
23
33
8. India
11
10
36
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Total
342
234
200
84
57
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Male Sports Player in News
Name
Field
1. Abhinav Bindra
Shooting
2. Jitu Rai
Shooting
3. Saurav Ghosal
Squash
4. Yuki Bhambri
Tennis
5. Pankaj Advani
Billiards
6. Magnus Carlsen
Chess
7. Swarn Singh
Rowing
8. K. Srikanth
Badminton
9. Vikas Krishan
Boxing
10. Anirban Lahiri
Golf
11. Ajay Jayaram
Badminton
12. Rory McIlroy
Golf
13. Michael Phelps
Swimmer
14. Lewis Hamilton
Formula 1
15. Nico Rosberg
Formula 1
16. Marin Cilic
Tennis
17. Kei Nishikori
Tennis
18. Gurmail Singh
Hockey
19. Yogeshwar Dutt
Wrestling
20. Bajrang
Wrestling
21. Jai Bhagwan
Boxer
22. Manoj Kumar
Boxer
23. Mark Selby
Snooker
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