General Awareness for MBA : 30 December to 5 January

Get to know the most important news and happenings of the week (30 December – 5 January). It will help you in your preparation for General Awareness.

Created On: Jan 5, 2015 14:20 IST


  1. The increase in government stake will be through infusion of 60 crore rupees by way of acquisition of preference shares from existing share holders. As a result, India’s oldest financial institution IFCI will now become a government owned company.
  2. Reserve Bank of India (RBI) on 29 December 2014 liberalised norms for Indian companies investing abroad. The liberalization of norms was part of series of amendment done by RBI from time to time in the Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Amendment) Regulations, 2004.
  3. Foreign Exchange Reserves of India reached 320 billion US dollars on the back of a massive jump in foreign currency assets. This was revealed by Reserve Bank of India (RBI) data on Foreign Exchange released on 26 December 2014.
  4. Four Public Sector Undertakings (PSUs) on 23 December 2014 signed joint venture agreements to set up an integrated coal gasification-cum-fertiliser and ammonium nitrate complex in Talcher, Odisha.
  5. Know-Your-Customers (KYC) rules for Non-Banking Financial Companies (NBFCs) were relaxed by the Reserve Bank of India (RBI) on 2 January 2015.
  6. The Department of Financial Services (DFS) under the Union Ministry of Finance on 31 December 2014 appointed the Managing Directors (MD) and Chief Executive Officers (CEO) of four Nationalised Banks.


  1. The former International Olympic Committee (IOC) member and Vice President He Zhenliang died on 4 January 2015 in Beijing following a brief illness.
  2. Veteran Gujarati actor Upendra Jethalal Trivedi passed away on 4 January 2015 in Mumbai following respiratory arrest. He was 79.
  3. Kiran Bhai Vadodaria on 2 January 2015 was elected as President of the Indian Newspaper Society (INS) for 2014-15. He is the Chairman and Managing Director of Gujarati newspaper Sambhaav Metro.
  4. Senior Scientist and former Chairman of ISRO Vasant Ranchhod Gowarikar died after a brief illness in Pune, India on 2 January 2015. He was 82.
  5. R. Koteeswaran on 2 January 2015 took charge as new Chairman and Managing Director (CMD) of public sector Indian Overseas Bank (IOB).
  6. Little Jimmy Dickens, an American country music singer famous for his humorous novelty songs died on 2 January 2015 at Nashville. He was 94.
  7. Queen’s New Year Honours for the year 2015 were given on 1 January 2015. The honours were conferred on more than thousand persons, which included several persons of Indian-Origin from various field.
  8. Union Government on 31 December 2014 appointed M Sathiyavathy as Director General of Civil Aviation (DGCA). With this appointment, Sathiyavathy, a 1982 batch Union Territories cadre IAS officer became the first women DGCA and will hold the post till 28 January 2017.
  9. Koppillil Radhakrishnan retired as the Chairman of Indian Space Research Organisation (ISRO) on 31 December 2014. He was appointed as the Chairman of the organization in October 2009 as successor of G. Madhavan Nair.
  10. A.K. Mittal was appointed as the Chairman of Railway Board on 31 December 2014. He succeeded Arunendra Kumar who superannuated from Railway Services on 31 December 2014.
  11. Jangmi, a tropical storm made landfall in northeastern Mindanao Island of Philippines on 28 December 2014. The storm that caused
    heavy rains and triggered flash floods and landslides in the country killed at least 30 people.
  12. Java Sea was in news on 30 December 2014 after Indonesian officials claimed that they have located wreckage of AirAsia Flight QZ8501 at the bottom of the Java Sea.


  1. Bharat Forge Limited (BFL) on 2 January 2015 acquired France-based Company Mecanique Generale Langroise (MGL) for nearly 90 crore rupees.
  2. Technology giant Microsoft sued an Indian company C-Cubed Solution on 30 December 2014 along with several other entities for fraud.
  3. Reliance Industries (RIL) and Mitsui OSK Lines of Japan on 25 December 2014 signed a long-term agreement for transportation of liquefied ethane from North America to India.
  4. Drug firm Lupin on 30 December 2014 received the approval from the United States Food and Drugs Administration (USFDA) to market its generic drug Prezista tablets in the US. The tablets with chemical name Darunavir Ethanolate will be used to treat HIV-1 infection.
  5. on 30 December 2014 launched pre-owned vehicles category to its offering. is a search and comparison site by Amazon.
  6. Suven Life Sciences on 30 December 2014 announced that it has been granted product patents for its drugs used in the treatment of neurodegenerative diseases like Alzheimer's disease, Schizophrenia and Parkinson's disease.
  7. Sanjiv Sarin was on 29 December 2014 appointed as the Managing Director (MD) and Chief Executive Officer (CEO) of the Tata Coffee Limited with effect from 8 January 2015.
  8. Larsen & Toubro (L&T) Hydrocarbon on 29 December 2014 won offshore contract from Oil & Natural Gas Corporation (ONGC) worth 894 crore rupees for additional development of the Vasai East project.
  9. The Industrial Credit and Investment Corporation of India (ICICI) Bank on 2 January 2015 launched Digital Village Project in Akodara Village of Gujarat.


  1. 18 kilometer long Jaffna-Kankasanthurai rail track in North Sri Lanka was inaugurated on 2 January 2015 by Sri Lanka’s Transport Minister Kumara Welgama. To mark the inauguration, famous Yal Devi Express was flagged off.
  2. Beji Caid Essebsi on 31 December 2014 was sworn in as the President of Tunisia. He became the first freely elected leader of Tunisia since it gained independence from France in 1956.
  3. Venezuela on 30 December 2014 entered recession with economic growth shrinking in the first three quarters of 2014. It was announced by the Central bank of Venezuela.
  4. The United Nations Security Council (UNSC) on 30 December 2014 rejected a resolution demanding an end to the Israeli occupation of the Palestinian territories within three years, i.e. 2017.


  1. Union Government on 2 January 2014 accepted the recommendations of the Bezbaruah committee. Union Home Minister Rajnath Singh said that the recommendations will be implemented in next 6 months.
  2. Union Government on 1 January 2015 set up the National Institution for Transforming India (NITI) Aayog. NITI Aayog that replaced the 65 year old Planning Commission will be headed by Prime Minister. It will have a governing council comprising Chief Ministers of all the states and Lt. Governors of Union Territories.
  3. The President Pranab Mukherjee on 31 December 2014 signed National Judicial Appointments Commission Bill, 2014. With this, National Judicial Appointments Commission Act, 2014 has come into effect.
  4. Insurance Regulatory and Development Authority (IRDA) was renamed as Insurance Regulatory and Development Authority of India on 30 December 2014.
  5. The President of India Pranab Mukherjee on 30 December 2014 appointed the Governors of Mizoram, Uttarakhand and Meghalaya.


  1. Andy Murray won the ATP World Tennis Championship at Zayed Sports City in Abu Dhabi on 4 January 2015. He won the title after the world number one Novak Djokovic withdrew from the final match citing illness.
  2. Union Ministry of Youth Affairs and Sports on 2 January 2015 recognised Boxing India (BI) as the governing body for representing boxing in India.
  3. Mahendra Singh Dhoni on 30 December 2014 announced retirement from International Test Cricket with immediate effect.
  4. Ankita Raina on 29 December 2014 won the International Tennis Association (ITF) singles title of the World Tennis Association circuit held in Pune. This was her first maiden 25000 US dollars ITF singles title.
  5. The BCCI (Board of Control for Cricket in India) on 28 December 2014 banned left-arm spinner Pragyan Ojha from bowling in competitive matches. He was banned after his bowling action was found illegal.
  6. India won Gold in World Youth Under-16 Chess Olympiad on 22 December 2014. India won against Turkey 3.0-1.0 in the final round at the FIDE (Federation Internationale des Echecs) tournament held at Gyor, Hungary.
  7. Shiva Keshavan on 21 December 2014 won Silver at the 17th Asian Luge Championships. He clocked 49.934 seconds to cover the 1326 metre long ice track in the men's luge competition at the Spiral Olympic Sliding Centre in Nagano, Japan.


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