Current Affair MCQ 3: Jan 7-8, 2014

1. In which of the following years government of India constituted the Cauvery Water Dispute Tribunal? [A]1986 [B]1990 [C]1995 [D]1994  Answer: 1990 [The Cauvery Water Dispute Tribunal was constituted by government of India on 2nd June 1990 to adjudicate the water dispute regarding inter-state river Cauvery and the river valley...

RBI permits firms to issue debt to non-residents as bonus

January 11' 2014 The Reserve Bank of India (RBI) has granted permission to Indian companies to issue non-convertible or redeemable preference shares or debentures to non-resident shareholders from their general reserves as bonus. This facility will also include the depositories that act as trustees for the ADR/GDR holders. The issue of preference shares (excluding non-convertible/redeemable...

Scientists spot rare Indian Pitta after 60 years

Indian Pitta, a bird endemic to the Himalayan foothills and Western Ghats, was spotted at Aravalli Biodiversity Park near Vasant Kunj in Delhi recently. As per ornithologists, Indian Pitta, a small and colourful bird which is mainly seen in closed-canopy forests, was spotted in Delhi...

Current Affair MCQ 2: Jan 3rd 2014 to Jan 6th 2014

1. Who among the following has won men’s Chennai Open Tennis Trophy 2013? [A]Somdev Burman [B]Roger Vasselin [C]Stanislas Wawrika [D]David Federer Answer: Stanislas Wawrika [Top seed Stanislas Wawrika lifted his fifth ATP world tour title and second Chennai open trophy after a convincing straight sets win over Edouard Roger Vasselin...

CAG can audit Telecom firms’ accounts: Delhi HC

As per the ruling of the Delhi High Court, the Comptroller and Auditor-General (CAG) can audit the accounts of mobile companies on a condition that the audit has to be only an audit relating to the receipts (revenues) and nothing else. The Association of Unified Telecom Service Providers of India and Cellular operators had argued in its plea to the court that that...

Addressing judges lord, lordship, your honour not mandatory: Apex Court

The Supreme Court observed that addressing judges “my lord”, “your lordship” or “your honour” in courts is not mandatory. The judge expects to be called only in a respectful and dignified manner. The court was hearing a petition filed advocate Shiv Sagar Tiwari demanding abolishing the use of such terms and ordering the courts that the judges should not be addressed in...

Janet Yellen becomes the first wome chief of Federal Reserve Bank of US

January 8: Janet Yellen (67) has been confirmed as the new chief of the Federal Reserve Bank of the US. With this, she has become the first woman to head the world’s most powerful central bank.  Yellen who was earlier nominated by President Barack Obama was elected with the 56-26 vote in the US senate voting. Yellen will...

Research: “Canine Distemper Virus” killing endangered Tigers, Red Pandas and Lions

January 8: As per researchers at Indian Veterinary Research Institute (IVRI) in Bareilly, the infection caused by the Canine Distemper Virus (CDV) is killing endangered tigers, red pandas and lions in the country. The disease has been detected in Dudhwa Tiger Reserve, Patna Zoo and many areas of West Bengal and Darjeeling. What is Canine Distemper...

Presidential assent to Lokpal and Lokayuktas Bill 2013

January 8: President of India Mr. Pranab Mukherjee has given his assent to the Lokpal and Lokayuktas Bill, 2013. This approval renders the Bill to turn into an Act. The Bill provides for setting up an anti-graft watchdog that will bring within its ambit even the office of the Prime Minister with certain safeguards. As per the Bill, an institution of Lokpal at...

“CRISIL Inclusix”- Financial Inclusion Index rises 2.7 % in 2012

The Credit Rating Information Services of India Limited (CRISIL) stated that financial inclusion gained momentum in India with a significant rise in new savings accounts, increase in agriculture credit accounts and expansion of bank branches in deeper geographies. India’s overall CRISIL Inclusix score has risen by 2.7% in financial year 2012 (the highest...