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General Awareness for MBA : 29 July – 4 August

Aug 4, 2014 16:00 IST

    Economy

    1. The Reserve Bank of India (RBI) on 28 July 2014 cancelled the certificate of registration of six non-banking financial company (NBFCs). With this cancellation, these six NBFCs based in Delhi would not be able to conduct business of non-banking financial institution.
    2. The Cabinet Committee on Economic Affairs (CCEA) on 24 July 2014 approved the sale of 10 million tonnes of wheat from the FCI stock in the open market in order to boost domestic supply and check prices. The CCEA was headed by Prime Minister Narendra Modi.
    3. The Reserve Bank of India (RBI) on 14 July 2014 cancelled the licence of The Vasai Co-operative Urban Bank Ltd., Hyderabad (Telangana). The order came into effect with the notification. 

    News

    1. Muzaffar Ali, a noted filmmaker of India was selected for Rajiv Gandhi National Sadbhavana Award on 31 July 2014. His name was selected for his outstanding contribution towards the promotion of Communal harmony, peace and goodwill. 
    2. Bachendri Pal, the first Indian woman mountaineer to scale Mount Everest was conferred with Bharat Gaurav, the highest honour of merit of East Bengal Club.
    3. Deputy National Security Adviser Nehchal Sandhu resigned on 30 July 2014. His resignation was accepted by Prime Minister Narendra Modi on 31 July 2014.
    4. One Life is Not Enough: An Autobiography written by Kunwar Natwar Singh was published on 1 August 2014. The book is an autobiography of the former External Affairs Minister and senior Congress Party leader Natwar Singh.  
    5. Subhash Sheoratan Mundra on 31 July 2014 took charge as the fourth Deputy Governor of the Reserve Bank of India (RBI) for three years from the date of assuming charge of the office. 
    6. Lt. General Dalbir Singh Suhag took over as Chief of Army Staff on 31 July 2014. He succeeded General Bikram Singh to become the 28th Army Chief and will serve as Army chief for 29 months till 31 December 2016.
    7. Chief of Air Staff, Air Chief Marshal Arup Raha on 30 July 2014 took over as the Chairman of the Chief of Staff Committee (COSC). He received the baton of Chairman, COSC from outgoing Chief of Army Staff, General Bikram Singh at a brief ceremony in the South Block, New Delhi.
    8. The Lives of Others authored by Neel Mukherjee was shortlisted for Man Booker Prize 2014 in the fourth week of July 2014. Neel Mukherjee is a Kolkata-born British Indian writer and this is his second novel.
    9. The World on 29 July 2014 observed the International Tiger Day. The day is celebrated as an awareness day.
    10. Amitabh Bachchan, the Indian Megastar on 28 July 2014 was appointed as the horticulture ambassador of Maharashtra. With this appointment, he will start promoting the horticulture sector in Maharashtra.
    11. The World on 26 July 2014 observed first International Gaucher Day (IGD). The day was observed to mark the 160th birthday of Philippe Gaucher. Slogan of the day was Rare but Not Alone. 

     Corporate

    1. Sundaram Mutual is set to launch a scheme, probably for the investors in India that will seek to invest in stocks of world’s leading brands. It is being planned to be launched in October month of current fiscal year.
    2. Facebook is testing a new feature designed to let users buy products directly from ads and posts on its news feed. The “Buy” option will be available for specific products on the site and mobile app.
    3. Telecom operators such as Airtel, Vodafone, Idea, RCom, Aircel, Tata Tele and BSNL have not paid penalties totalling Rs 2,116.95 crore levied on them for non-compliance of subscriber verification rules.

    International

    1. Muhammad Fuad Masum of Patriotic Union of Kurdistan (PUK) party was elected as the seventh President of Iraq on 24 July 2014. He was elected with overwhelming majority by the Council of Representatives of Iraq (Iraqi Parliament) in Baghdad. He won 211 votes as against 17 votes won by Judge Hussein al-Musawi in the second round of voting. 
    2. Jakarta Governor Joko Widodo won the Indonesian presidential elections on 22 July 2014. He won the election with 53 percent of the vote casted in favour of him.

    National

    1. Union Government of India on 28 July 2014 launched the Rashtriya Gokul Mission (a nationwide scheme) to promote conservation and developments of indigenous breeds of cows in a focused and scientific manner. The Mission is a focused project under National Programme for Bovine Breeding and Dairy Development.
    2. Union Finance Ministry on 28 July 2014 gave its nod to the proposal to set up rape crisis centres in all district of the country. The proposal was made by the Union Ministry of Women and Children Development. 
    3. Union Minister of State for Civil Aviation, G.M. Siddeshwara on 22 July 2014 proposed to set up three new low-cost airports in Bihar at Muzaffarpur, Raxaul and Gaya. While Gaya will is an operational custom airport, Raxaul will be a non-operational airport.

    Sports

    1. Vikas Gowda of Karnataka on 31 July 2014 won a gold medal in discus throw in Men's Track events at 2014 Common Wealth Games at Glascow, Scotland. 
    2. Dipa Karmakar on 31 July 2014 became the first Indian woman gymnast and second person of the country to win a medal at the Commonwealth Games. She bagged a bronze in the vault event and scripted history for and in India. 
    3. Jacques Kallis, the South African all-rounder on 30 July 2014 announced his retirement from all-formats of International cricket, viz., One Day Internationals and T20s.
    4. Olympic Gold medalist Abhinav Bindra on 25 July 2014 won the Gold medal in Men’s 10-m Air Rifle event at the 2014 Commonwealth Games in Glasgow, Scotland   He shot 205.3 points to win the Gold.

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