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General Awareness for MBA : 5 August – 11 August

Aug 11, 2014 15:25 IST

    Economy

    1. The Reserve Bank of India (RBI) on 7 August 2014 issued draft guidelines for implementation of Bharat Bill Payment System (BPPS), an anytime anywhere bill payment system. The proposed guidelines describe the basic requirements of operating the BBPS.
    2. Union Cabinet on 6 August 2014 raised the Foreign Direct Investment (FDI) limit in Defence sector from 26 percent to 49 percent.
    3. Container Corporation of India Limited (CONCOR) on 23 July 2014 was accorded Navratna Status by the Department of Public Enterprises under Union Ministry of Heavy Industry and Public Enterprises. CONCOR is the 17th Central Public Sector Enterprise (CPSE) to achieve Navratna Status.

    News

    1. A book Strictly Personal, Manmohan and Gursharan written by Daman Singh was published on 5 August 2014. The book is the untold story of Manmohan Singh, India’s thirteenth Prime Minister, and his wife.
    2. Robert Frederick Panara, the poineer of deaf studies died in Rochester, US on 20 July 2104 due to heart ailments. He was 94.
    3. The geneticist Prof Sir Alec Jeffreys who discovered DNA fingerprinting in 1984, was awarded with Copley Medal 2014 by Royal Society of London. He received the award for his great work in variation and mutation of human genome.
    4. Pran Kumar Sharma, the eminent cartoonist who created the comic book character like Chacha Chaudhary and Sabu died on 6 August 2014. He was 75. He died due to cancer of the intestine in a hospital in Gurgaon.
    5. Bharatiya Mahila Bank Ltd bagged the Core Banking System Initiative Award for the year 2014 at the Asian Banking and Finance - Retail Banking Awards 2014. The award ceremony was held in Singapore on 31 July 2014.
    6. The prestigious Ramon Magsaysay Awards for year 2014 was announced on 31 July 2014. The list of awardees included six winners among five individuals and one organization from Pakistan. The Ramon Magsaysay Award is Asia’s highest honor and is widely regarded as the region’s equivalent of the Nobel Prize.  
    7. The World Health Organization (WHO) has declared Ebola as Global Health Emergency. The decision was taken after a two-day emergency session held in Geneva. During the two-day session, WHO appealed for global aid to help afflicted countries.
    8. A book entitled “Munger through the Ages” authored by late Devendra Prasad Yadav was released on 7 August 2014 at the Rashtrapati Bhavan in New Delhi.

    Corporate

    1. World's most popular free email providers Gmail and Yahoo have made telephone number compulsory for creation of new email addresses in a bid to check spam. Phone numbers will be used for verification.
    2. The Gannett Company, a USA based media group, announced on 5 August 2014 to spin off its print operations including USA Today from its digital and broadcasting business.
    3. Syndicate Bank Chairman-cum-Managing Director (CMD) SK Jain was suspended by Union government on 4 August 2014 after he was arrested by Central Bureau of Investigation (CBI) on 2 August 2014 for accepting bribe.
    4. Tata Sons, Flipkart, Raymond Group and Gujarat Industrial Power Company have signed agreements with the labour ministry to help design training programmes for the Industrial Training Institutes, or ITIs, in line with specific industry needs.
    5. A company run by the Jindal family is about to finalize a deal to buy insolvent Italian steelmaker Lucchini, Italy's Prime Minister Matteo Renzi said.

    International

    1. Two F/A-18 aircraft of US on 8 August 2014 dropped 500-pound laser-guided bombs on mobile artillery near Erbil in northern Iraq. This artillery was being used by the militants against Kurdish forces of Iraq who were defending the city of Erbil. 
    2. Liberian President Ellen Johnson Sirleaf on 6 August 2014 declared a state of emergency over the outbreak of Ebola Virus. 
    3. Russian President Vladimir Putin on 6 August 2014 signed a decree that bans imports of agricultural products from all countries that have imposed sanctions on Russia over the crisis in Ukraine. Major sanctions were made by the US and EU. 
    4. Egyptian President Abdel Fattah al-Sisi on 6 August 2014 inaugurated the work on a new Suez Canal alongside the 145 years old historic Suez Canal. The project has been launched with an aim to speed up the traffic along the existing waterway and boost the battered economy of Egypt.
    5. Prasar Bharati, India’s Public Service Broadcaster on 5 August 2014 signed a Memorandum of Understanding (MoU) with Deutsche Welle, the German public service broadcaster for distribution of Doordarshan’s overseas India channel, DD India on a DTH platform. 

    National

    1. The Union cabinet on 6 August 2014 approved the Juvenile Justice (Care and Protection of Children) Bill, 2014 to amend the Juvenile Justice (JJ) Act, 2000. The Union government plans to introduce the bill in the Monsoon session of Parliament. 
    2. Defence procurements from the Italian company Finmeccanica and its affiliate firms were put on hold by the Union Government on 5 August 2014. The action was taken in wake of the alleged chopper scam. 

    Sports

    1. Didier Drogba, the striker of Ivory Coast announced retirement from international football on 8 August 2014. The 36-year-old Drogba played in three World Cups for his country and made 104 appearances and scored 65 goals, over a 12-year period. 
    2. Three-time Olympian and former Hockey Captain Ajitpal Singh was selected as the Chairman of the Dronacharya Award Selection Committee on 7 August 2014.
    3. Former Indian cricketer Kapil Dev Nikhanj was selected as the Chairperson of the Arjuna Awards Selection Committee on 7 August 2014.
    4. The Wrestling Federation of India (WFI) on 4 August 2014 suspended international wrestling referee Virender Malik. He was suspended after he was arrested in Glasgow during the 2014 Commonwealth Games on charges of sexual assault.
    5. Parupalli Kashyap on 3 August 2014 became the third Indian to win Gold medal in Badminton at Commonwealth Games (CWG). 
    6. England on the concluding day 3 August 2014 topped the medal table at 20th Commonwealth Games in Glasgow, Scotland. 

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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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