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General Awareness for MBA : 9 December to 15 December

Dec 15, 2014 14:28 IST

    Economy

    1. The Cabinet Committee on Economic Affairs (CCEA) on 10 December 2014 approved the implementation of the Tea Development and Promotion Scheme of the Tea Board for the 12th Five Year Plan.
    2. Union Cabinet on 10 December 2014 approved to set up of 500 crore rupees Credit Guarantee Fund for factoring of Micro, Small and Medium Enterprises (MSME) units with an aim to promote factoring without recourse.
    3. The Union Government on 5 December 2014 divested its 5 percent stake in Steel Authority of India Ltd (SAIL). The government divested 20.65 crores shares of SAIL through offer for sale (OFS) through stock exchanges as per SEBI Rules and Regulation.
    4. The State Bank of India (SBI) on 9 December 2014 launched two indices namely the SBI Monthly Composite Index and the SBI Yearly Composite Index. These indices will primarily track manufacturing and services activity to determine contraction and expansion of the Indian economy.
    5. The Reserve Bank of India on 8 December 2014 notified revised Foreign Direct Investment (FDI) policy in Railways Infrastructure and Defence sectors.

    News

    1. Ruhi Singh of India was in news because she won Miss Universal Peace & Humanity 2014 at Beirut, Lebanon on 10 December 2014.She is the first person to win this pageant from India and she won the pageant among the 145 other countries.
    2. Randhir Singh was appointed as an honorary member of the International Olympic Committee (IOC). He was appointed as the honorary member during the IOC session in Monaco held from 8 December 2014 to 9 December 2014.
    3. US based think tank IntelCenter on 9 December 2014 released Country Threat Index (CTI) ranking 45 countries in terms of terrorist and rebel threat to a country.
    4. The pioneer of home video game console Ralph Henry Baer died on 6 December 2014 in Manchester following a brief illness. He was 92.

    Corporate

    1. ICCI Bank on 12 December 2014 launched India’s first credit card with a unique transparent design and a distinctive look. The credit card named ICICI Bank Coral American Express Credit Card. The card is a part of Gemstone Collection of ICCI Bank in association with American Express.
    2. Reliance Industries (RIL) on 11 December 2014 named former UK Judge Sir Bernard Rix as its arbitrator in the KG-D6 cost recovery dispute case with the Government of India (GOI).
    3. Tata Power on 10 December 2014 acquired 540-megawatt (MW) thermal power plant in Maharashtra for 3000 crore rupees.
    4. Tata Power on 10 December 2014 acquired 540-megawatt (MW) thermal power plant in Maharashtra for 3000 crore rupees.
    5. Delhi High Court on 10 December 2014 banned Xiaomi to sell phones in India over patent issue with Ericsson.
    6. Essar Group of India and Rosneft, crude oil producer of Russia on 11 December 2014 signed a 10 billion US dollars contract to import crude oil over ten years from Russia. The agreement was signed during the visit of President Vladimir Putin to India.
    7. German drug regulator Federal Institute for Drugs and Medical Devices (BfArM) on 10 December 2014 banned the sale of 80 generic drugs with immediate effect on the grounds that their clinical trials were insufficient.
    8. Samsung Electronics Ltd on 10 December 2014 announced the appointment of HyunChil Hong as President of Southwest Asia Headquarters.
    9. Mukesh Ambani-led Reliance Industries (RIL) on 9 December 2014 announced to sell 49 percent stake in the textiles business to Chinese textile firm Shandong Ruyi Science and Technology Group for an undisclosed sum.
    10. The US-based Uber taxi service was in news on 8 December 2014 as Delhi Government banned its services in the national capital. The company was blacklisted from providing any transport service in the NCT (National Capital Territory) in future.
    11. HCL Infosystems Managing Director (MD) and CEO Harshavardhan Madhav Chitale resigned on 8 December 2014 from the company. He will remain with the company till 31st December 2014.
    12. Bharat Heavy Electricals Limited (BHEL) on 8 December 2014 successfully commissioned a 28 MW Nyaborongo Hydro Electric Project in Rwanda on turnkey basis.
    13. According to the Bloomberg Billionaires Index, Warren buffet became second richest person in the World. He replaced Carlos Slim, business magnate of Mexico. Bill Gates is the world richest person.
    14. Samsung on 7 December 2014 appointed Pranav Mistry as Global Vice-President. He is currently working as the Vice-President of Samsung’s U.S. research unit in the Silicon Valley and heads the Think Tank team of Samsung.
    15. Ritu Mallya on 4 December 2014 was appointed as Director of Mangalore Chemicals and Fertilisers (MCF) board. She succeeded Vijay Mallya.

    International

    1. 15th Indio-Russian Bilateral Annual Summit was held in Delhi 11 December 2014. President Vladimir Putin of Russia visited India to hold the summit on the invitation of Prime Minister Narendra Modi.
    2. Ismail Ould Cheikh Ahmed of Mauritania was on 11 December 2014 appointed as the new head of the UN Mission for Ebola Emergency Response (UNMEER). His appointment was confirmed by UN Secretary-General Ban Ki-moon.
    3. Former Cuban Leader Fidel Alejandro Castro Ruz was on 9 December 2014 awarded the Confucius Peace Prize 2014 for his important contributions in eliminating nuclear war after his retirement.
    4. Child rights campaigner of India Kailash Satyarthi and Education activist of Pakistan Malala Yousafzai received the Nobel Peace Prize for the year 2014. Both the recipients received medals and prize money 1.4 million US dollars from the Norwegian Nobel Committee at Oslo, Norway on 10 December 2014.
    5. The Web Index 2014 was released on 10 December 2014 was World Wide Web Foundation to measure the internet's contribution to social, economic and political progress in the world.

    National

    1. Nation remembered and paid homage to martyrs of Parliament attack on 13th anniversary of Parliament attack on 13 December 2014.
    2. Playback singer Asha Bhosle on 10 December 2014 was awarded the Lifetime Achievement Award at the 11th Dubai International Film Festival (DIFF) held in Dubai. She received the award for her decades of dedication to Indian Film Industry.
    3. Senior IAS officer Anurag Jain was on 10 December 2014 appointed as the Joint Secretary in Prime Minister's Office (PMO) of India.
    4. The Indian Air Force (IAF) on 11 December 2014 launched the second phase of its 3D mobile air combat game, Guardians of the Skies (GOTS). The game will be available on all three popular mobile platforms - Android, iOS and Windows.

    Sports

    1. Australian Cricketer David Warner on 12 December 2014 completed 1000 Test runs in 2014. With this, he became the first opener to achieve the feat in one calendar year since England skipper Alastair Cook in 2012.
    2. Boxer Sarita Devi on 10 December 2014 accepted the Asian Games Bronze Medal. The medal was presented to her by the Indian Olympic Association (IOA) secretary-general Rajeev Mehta.
    3. Gwladys Nocera of France on 6 December 2014 won the Hero Women's Indian Golf Open 2014 at the Delhi Golf Club. She received the prize money of 300000 US dollars.
    4. Amos Meindi of Kenya won 29th Pune International full Marathon in Men’s category on 7 December 2014. He finished the race by completing 41.175 km in 2 hours 18 minutes and 36 seconds.

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

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