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General Awareness for MBA : 10 March to 17 March

Get to know the most important news and happenings of the week (10 March – 17 March). It will help you in your preparation for General Awareness.

Mar 17, 2015 14:25 IST
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Economy

  1. The Cabinet Committee on Economic Affairs (CCEA) on 4 March 2015 gave its nod to extend the PDS Kerosene and Domestic LPG Subsidy Scheme 2002 for a period of one year that is up to 31 March 2015.
  2. The Reserve Bank of India (RBI) on 5 March 2015 eased the norms for Housing Loans. In its notification on Housing Loans, RBI brought changes in two instruction related to Housing loans. These pertain to
    • Housing Loans by Commercial Banks - Loan to Value (LTV) Ratio; and
    • Housing Sector: Innovative Housing Loan Products – Upfront disbursal of housing loans.

News

  1. Pioneer of Israeli Cinema Lia van Leer died on 13 March 2015 in Jerusalem, Israel. She was 90. She was a pioneer in the field of art film programming and film archiving in Israel.
  2. Powerful cyclone Pam on 14 March 2015 hit the south Pacific archipelago of Vanuatu. The cyclone Pam, a category five tropical storm, brought destructive 270 kilometre-per-hour winds and torrential rain along with it.
  3. Google's Chief Financial Officer (CFO) Patrick Pichette on 11 March 2015 announced his retirement from the office citing personal reasons. The effective date of his retirement was not yet finalised.
  4. 1998 Asian Games gold-medallist Dingko Singh on 10 March 2015 was included in National Boxing Selection panel. The goal of the panel will be to pick a bunch that can deliver medals at the Olympics.
  5. Former Union Minister and senior Congress leader M. Veerappa Moily on 9 March 2015 was selected for the prestigious Saraswati Samman for 2014 for his Kannada poem Ramayana Mahanveshanam.
  6. Eighth India-Nepal combined exercise named Surya Kiran VIII concluded on 7 March 2015 at Salijhandi, Nepal. The exercise was conducted under the aegis of Nepalese Army and it had started on 23 February 2015. 
  7. The first Indo-Nepal Friendship Motor Rally concluded on 8 March 2015 at India Gate in New Delhi. The rally aimed at strengthening bilateral relations between India and Nepal and spreading the message of road safety.

Corporate

  1. Social networking giant Facebook on 14 March 2015 acquired the shopping search engine TheFind. With the acquisition, Facebook has moved into the e-commerce.
  2. Aditya Birla Retail on 10 March 2015 acquired Total Hypermarket. Total Hypermarkets is owned by Jubilant Retail. This is the second acquisition for Aditya Birla, the first being its 2007 buyout of Trinethra Super Retail.
  3. Blackstone on 10 March 2015 appointed former Chief Operating Officer (COO) of Unilever Harish Manwani as Global Executive Adviser.
  4. Ashwin Mittal was on 7 March 2015 appointed as the Chief Financial Officer (CFO) of Walmart India Private Limited. He will succeed Jill Anderson as he will be repatriated back to Walmart in United States.

National

  1. The Supreme Court (SC) on 15 March 2015 upheld the decision of Allahabad High Court (HC) that the development officers working in Life Insurance Corporation of India (LIC) are not workmen under the Section 2(s) of the Industrial Disputes Act (IDA), 1947.
  2. Supreme Court on 13 March 2015 asked the Union Government to provide information on the number of prisoners languishing in jails even for petty criminal cases which are bailable offence. These prisoners have been in jail for not paying the bail or surety bond amount.
  3. The Union Minister of Chemicals & Fertilizers Ananth Kumar on 12 March 2015 launched the Pharma Jan Samadhan scheme. It is a web enabled system for redressal of consumers’ grievances relating to pricing and availability of medicines.
  4. The Supreme Court of India on 11 March 2015 held that High Courts (HCs) are barred from entertaining pleas under writ jurisdiction against the verdicts of the Armed Forces Tribunal (AFT) in disputes pertaining to Armed Forces. 
  5. Indian Railways on 11 March 2015 signed Memorandum of Understanding (MoU) with Life Insurance Corporation of India (LIC) to augment its resources for speedier execution of projects. The MoU was signed by Rajalakshmi Ravikumar, Financial Commissioner (Railways) and SK Roy, Chairman of LIC.
  6. Union Ministry of Corporate Affairs on 10 March 2015 released data of top ten Corporate of 2014. The pack of top ten corporate comprises of eight public sector undertakings and two private sector undertakings.

International

  1. The World Consumer Rights Day (WCRD) 2015 was observed on 15 March 2015. The theme for the WCRD 2015 is Helping consumers choose healthy diets.
  2. Ganasen Reddy, an Indian-origin South African educator, was on 12 March 2015 awarded with KwaZulu-Natal 2015 National Teachers Awards at the annual National Teaching Awards held in Johannesburg.
  3. The Times Higher Education on 13 March 2015 released theWorld Reputation Rankings 2015. This year rankings show that the United Kingdom boasts 12 of the 100 most renowned higher education institutions in the world.
  4. The British Irish Visa Scheme came into force in India on 10 February 2015. The information related to this was revealed by Minister of State for External Affairs, VK Singh while answering the unstarred questions in Rajya Sabha on 12 March 2015.
  5. India and Mauritius inked 5 Memorandum of Understandings (MoUs) on 11 March 2015 to give new impetus to bilateral co-operation between the two nations.  The MoUs were signed in Port Luis in presence of Prime Minister Narendra Modi and his Mauritian counterpart Sir Anerood Jugnuth. 
  6. India on 11 March 2015 signed four agreements with the Indian Ocean island nation Seychelles to boost security and maritime partnership. The agreements were signed during the visit of Prime Minister Narendra Modi to Seychelles.
  7. China on 28 February 2015 launched a massive Silk Road Infrastructure project worth 79.8 billion US dollars in the northwest province of Gansu. The project was launched as a part of China’s ambitious Silk Route plan.

Sports

  1. Services on 15 March 2015 won the 69th edition of Santosh Trophy of football which is also called Senior National football championship. In the final played at Guru Nanak Stadium in Ludhiana, Punjab, it defeated hosts Punjab 5-4 via tie-breaker.
  2. The 22-year-old Indian shuttler Kidambi Srikanth on 15 March 2015 won the Swiss Open Grand Prix Gold title of Badminton. The final was held at Basel in Switzerland.
  3. Defending champions Karnataka on 12 March 2015 won their eighth Ranji Trophy title of cricket. In the title clash played at the Wankhede stadium in Mumbai, Karnataka defeated Tamil Nadu by an innings and 217 runs.
  4. Sri Lanka’s batsman Kumar Sangakkara on 11 March 2015 entered the record books by scoring four consecutive centuries in a Cricket World Cup. He achieved the feat when he scored 124 runs against Scotland in the Pool A match of the 2015 Cricket World Cup in Hobart, New Zealand.

 

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