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General Awareness for MBA : 12 August – 19 August

Aug 20, 2014 10:45 IST

    Economy

    1. The Union Government on 14 August 2014 re-launched the Varishtha Pension Bima Yojana (VPBY) for the benefit of citizens aged 60 years and above. This re-launched scheme would provide financial security to almost half a million people by ensuring regular income during their advancing year.
    2. Securities and Exchange Board of India (SEBI) on 11 August 2014 issued SEBI KYC (Know-your-Client) Registration Agency (Second Amendment) Regulations, 2014. SEBI by exercising the power conferred to it by Section 30 of the SEBI Act, 1992 amended the SEBI KYC (Know-your-Client) Registration Agency Regulations 2011.

    News

    1. Eduardo Campos, the Brazilian presidential candidate, died on 13 August 2014 after his private jet crashed in São Paulo, Brazil. He was 49. Campos, a former governor of the north-eastern state of Pernambuco, was the leader of the Brazilian Socialist Party (PSB).
    2. Rajni Razdan on 16 August 2014 became the new Chairperson of the Union Public Service Commission (UPSC). She replaced Prof. D P Agrawal.
    3. Maryam Mirzakhani, an Iranian born mathematician, became the first woman to win coveted Fields Medal on 13 August 2014 in Seoul, South Korea. The award recognized her contributions to the field of geometry.
    4. The Fields Medal for the year 2014 was awarded on 13 August 2014 in Seoul, South Korea. The award recognized contributions of four medallists:
      • Artur Avila of the Institute of Mathematics of Jussieu, for his contributions in Dynamical Systems Theory
      • Manjul Bhargava of Princeton University, for developing new approach in the geometry of numbers
      • Martin Hairer of the University of Warwick, for his contributions to the Theory of Stochastic Partial Differential Equations
      • Maryam Mirzakhani, an Iranian born mathematician, awarded for her contributions to the field of geometry particularly in studying the symmetry of curved surfaces such as spheres.
    5. Delhi University professor Dr. Sunil Kumar on 13 August 2014 received Global South Award given by International Political Science Association (IPSA). The award was given at the 23rd world congress of political science held in Montreal, Canada.
    6. The Union Government decided to appoint former RBI governor Bimal Jalan as the head of the Expenditure Management Commission on 12 August 2014.
    7. President Pranab Mukherjee on 12 August 2014 conferred the Outstanding Parliamentarian Awards on Arun Jaitley, Dr Karan Singh and Sharad Yadav. The awards were given for their invaluable contribution in discharge of their parliamentary duties.
    8. World Elephant Day was observed across the world on 12 August 2014. It is an international annual event and is dedicated towards the preservation and protection of the world’s elephants.
    9. Senior IRS officer K V Chowdary appointed as new Chairman of Central Board of Direct Taxes (CBDT). He was apoointed on 1 August 2014.  CBDT is the apex authority of the Income Tax department.
    10. A book titled Gujarat’s success story in Water Management was released on 9 August 2014 by the Prime Minister of India, Narendra Modi and the Party National President Amit Shah. This book was written by BJP’s National Convener of Water Management Cell, Sriram Vedire. 

    Corporate

    1. The Telecom Regulatory Authority of India (TRAI) has rejected the proposal to initiate a carriers fee on internet apps like WhatsApp, Viber etc. as it feels that operators are able to offset their losses through growth in data revenue.
    2. Indian Institute of Management Calcutta (IIM-C) has become the first IIM in the country to receive accreditation from AACSB (Association to Advance Collegiate Schools of Business) International.
    3. Lanco Infratech Ltd said it has sold a 1,200-megawatt (MW) thermal power plant in the southern state of Karnataka to Adani Power Ltd for about 20 billion rupees

    International

    1. The fresh 72-hour ceasefire agreement between Israel and Hamas came into effect in Gaza one minute after midnight on 11 August 2014. The ceasefire will pave the way for talks in Egypt aimed at a durable end to a month-long conflict.
    2. Iraqi President Mohammed Fuad Masum named Haider al-Abadi as the new Iraqi Prime Minister on 11 August 2014. Masum has given thirty days to Haider al-Abadi to form the next government and present it for the approval of parliament. 
    3. Switzerland amended Federal Act on International Administrative Assistance in Tax Matters and made key changes in its local laws on information exchange with foreign countries. The amendment will assist foreign countries including India in their pursuit of black money allegedly stashed in Swiss Banks.
    4. China on 3 August 2014 unveiled its next generation Intercontinental Ballistic Missile (ICBM) Dongfeng – 41 (DF-41). The missile with an operation range varying between 12000 km to 15000 km is amongst the world’s longest range missiles.

    National

    1. The Supreme Court of India on 14 August 2014 issued notice to the Union Government and the States to ban cigarettes and bidis in the country. The notice was issued on a PIL (public interest litigation) that sought ban on cigarettes and bidis in India.
    2. Supreme Court of India on 13 August 2014 asked the Union Government to come up with a road-map to make river Ganga pollution free. It asked the government to submit its road-map within two-week. The road-map was asked by the Supreme Court bench headed by Justice TS Thakur.
    3. The Union Law Minister Ravi Shankar Prasad on 11 August 2014 introduced The National Judicial Appointments Commission Bill, 2014, and the 121st Constitution Amendment Bill in the Lok Sabha.

    Sports

    1. The Board of Cricket Control India (BCCI) appointed Ravishankar Jayadritha Shastri as the Director of Indian Cricket Team on 19 August 2014. The decision came after seeing defeat of Indian Cricket Team in Test series against England.
    2. Adille Sumariwala, President of Athletics Federation of India (AFI), was appointed as the Chef-de-Mission for Asian Games on 18 August 2014. He was appointed by Indian Olympic Association to represent India in the Asian Games 2014.
    3. Mahela Jayawardene, the Sri Lankan batsman and a former captain of the Sri Lankan cricket team, retired from the Test Cricket on 18 August 2014. He ended his seventeen year career in Test Cricket after Sri Lanka won the second and final test match against Pakistan.
    4. Kush Kumar on 13 August 2014 became the first Indian player to reach the semi-final of World Junior Squash Championship. The championship is being held in Windhoek, Namibia.
    5. Jo Pavey of Great Britain became the oldest-ever woman to win a Gold medal in European Championships. She achieved this feat when she won Gold medal in 10000 meter running at European Championship 2014 in Zurich, Switzerland on 12 August 2014.
    6. European champions and Spanish giant Real Madrid football club on 13 August 2014 lifted the UEFA Football Super Cup, the first European trophy of the season.
    7. The selection committee headed by Kapil Dev gave no nominations for the Rajiv Gandhi Khel Ratna Award 2014 on 12 August 2014. The committee did not find anyone suitable for the country’s highest sports award.
    8. Indian Women’s Recurve team on 10 August 2014 won gold medal at theArchery World Cup Stage IV in Wroclaw, Poland. The second seeded Indian team led by Deepika Kumari and included Bombayala Devi Lashram and Lakshmi Rani Manji defeated the Mexican team 6-0.
    9. World number three tennis player, Roger Federer of Switzerland on 17 August 2014 won Cincinnati Tennis Open, also called Western & Southern Open. He defeated David Ferrer of Spain.

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    DISCLAIMER: JPL and its affiliates shall have no liability for any views, thoughts and comments expressed on this article.

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