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CURRENT AFFAIRS

LECTURE
(Extract from PPT)

(Ending 4th Jan) of 2015

GNXX CALC X01A EN15

THE NATION
ORDINANCE TO AMEND LAND ACQUISITION ACT
ORIGINAL ACT

Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act 2013. Implemented from
01-01-2014
Problems with the present act

Obtaining consent of 80%

land owners

Social Impact Assessment


was mandatory

Now, the Govt. removed these two aspects by issuing ordinance for the following
five areas.

National Security and Defence

Rural Infrastructure and Electrification

Affordable Housing for Poor

Development of Industrial Corridors

Infrastructure and Social Infrastructure including PPP projects, where


ownership rests with the Government.

Govt. felt that it became difficult to acquire


PRESIDENT GIVES ASSENT FOR SETTING UP OF NJAC

NJAC constitutes
NJAC : National Judicial Appointments Commission

Chief Justice of India


Constitution 121st amendment bill for setting up of NJAC cleared

Two senior most Judges of the


This is about appointment and transfer of Judges for the Supreme Court and High Courts. Supreme Court
Gives executive an equal role in appointments to higher judiciary.

Union Minister for Law & Justice

Two eminent personalities to be


This 121st amendment bill stipulates amendments to articles 124(2) and 217(1)
nominated by the Prime Minister, the Chief
NJAC ends the Supreme Courts collegium system
Justice of India and the Leader of the
Opposition
GOVT SETS UP NITI Aayog ON NEW YEAR DAY

NITI Aayog replaces Planning Commission, which was established by


ORGANISATION
Pt. Jawaharlal Nehru on 15th March 1950

NITI Aayog - National Institution for Transforming India Aayog


At the outset It will be a three tier structure
It is the Think tank at the highest level
For formulating policies and direction to the Government
Bharatiya approach to development
Govt. Should be enabler
Will recommend technical and strategic advice to govt.
Process will be separated from governance.
Govt. should focus on enabling legislation, policy making and regulation.
Co-operative federalism
Think Tank of the Govt.
Bottom-up approach
Formulate policies at village level and scale them up.

CHIARMAN +VICE CHAIRMAN+CEO


+ FOUR UNION MINISTERS
+ FULL TIME MEMBERS
+ PART TIME MEMBERS

GOVERNING COUNCIL
PM+ CMs+ Lt. GOVERNORS

REGIONAL COUNCIL
PM+ CMs OF THE REGION

PAKISTANI FISHING BOAT WITH EXPLOSIVES BLEW ITSELF OFF

As per intelligence reports, a fishing boat from Keti Bunder near Karachi was planning
some illicit transaction.
Coast Guard Dornier aircraft located it and advised Coast Guard Patrol Vessel.
Intercepted the boat at 365 km. West / South-West of Porbandar coast.
The boat blew itself off, sinking with four men.

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Learning Space, Vijayawada

ACROSS THE STATES


Rajasthan
Jammu & Kashmir
Andhra Pradesh
Manipur
Gujarat
Assam
Rajasthan
Delhi

Dec 31 /Jan 1
Midnight
Arabian Sea
Off the Porbandar
coast
Near Maritime
boundary

Minimum Educational Qualification prescribed for local body elections


No Govt. formation in J & K as consensus eludes the political parties for formation of the coalition government
New capital is coming up on the banks of River Krishna near Vijayawada
National Sports University is coming up in Manipur
Akodara digital village in Gujarat
AF(SP)A 1958 extended by another year in Assam
Camel festival held at Bikaner
Govt. of India decided to authorize 2000 unauthorised colonies in Delhi

AROUND THE WORLD


UKRAINIAN PARLIAMENT VOTES IN FAVOUR OF NATO MEMBERSHIP

UKRANIA is a slavic nation


Capital
: Kiev
Currency
: Ukrainian hryvnia
Population : 44,291,413

It gives strong signal of its strategic and military alliance with European
and American forces
President signed the bill. However, the country will hold referendum
Country loses non-aligned status
Russia annexed Crimean peninsula from Ukraine

Pro-Russia insurgency in Eastern Ukraine

BANKING AND ECONOMY


ECONOMY IS IN BETTER POSITION RBIs Financial Stability Report says
FINANCIAL STABILITY REPORT December 2014

Economy is in a better position due to


Fall in Inflation
Political Stability
Recovery in External Sector
Primary capital market activity still in
subdued condition.
Portfolio money may go from emerging
markets.

Banking:

Credit offtake is in subdued


condition

CAR is comfortable at 12.8%

Gross NPAs deteriorated to 4.5%

SPORTS

Economy may grow at 5.5% this fiscal.


M.S. DHONI BIDS GOODBYE TO TESTS

3rd test at Melbourne was his last test

Highest score 224

Best by any wicket keeper captain

Best by an Indian Keeper

Dec 2nd 2005

90 Matches as a player
60 matches as a captain
Home turf

Foreign turf

Overall

Debut against Sri Lanka in Chennai


4876 runs with average 38.09
Played / won
30/21
30/6
60/27

OBITUARY
Saiyid Hamid
94 Educationalist

Reformist, Author
Last surviving ICS officer in
India

Conferred Sir Ross Masood


Lifetime Achievement Award 2014
Former Vice-Chancellor of
AMU
Former Chancellor of Jamia
Millia Islamia
Chancellor of Jamia Hamdard
University

Learning Space, Vijayawada

Boobli George Verghese


88 Journalist

Born in Maymyo, Burma in


1926
Graduation from St. Stephens
Delhi and PG from Trinity college,
Cambridge.
Frist joined the Times of India
Worked as Editor of Hindustan
Times and The Indian Express

Vasant Ranchhod Gowariker


81 Scientist

Famous Space Scientist


Played key role in Indias Space
programme.
Joined ISRO in 1967.
Behind developing Solid Propellants
required for the rocket programme.
Was Director, VSSC
Became Secretary, Dept. of Science.
& Technology