Professional Documents
Culture Documents
1. Former Supreme Court judge CK Prasad is set to be appointed as the next Chairperson of the Press Council
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of India. Prasad will succeed Justice Markenday Katju as the Chairman of the PCI.
The fourth largest private bank (post merger with ING Vysya) received approval from RBI to form a
100% subsidiary to enter general insurance industry, which is currently growing at a Rs. 77,000 crore
premium per annum.
The bank already has a tie up with Tata AIG General Insurance Company to sell and distribute its products.
Kotak also has a Life insurance unit called Kotak Mahindra Old Mutual Life Insurance Ltd, a joint venture
between Kotak Mahindra Bank and South Africa-based Old Mutual Public Ltd.
Kathak queen Sitara Devi died. She was 94. She was honored with the Legends of India Lifetime
Achievement Award 2011 for her contribution to the classical dance genre for over six decades.
Adani Group-owned Dhamra Port Company Limited (DCPL) would invest around Rs 7000 crore for
expansion of cargo handling facility.
i. Gujarat-based Adani group bought out L&T and Tata Steel's shares in the company in March 2014 at an
enterprise value of Rs 5500 crore.
ii . Following the acquisition, the second phase of development was to be initiated within 90 days and
completion targeted in 30 months.
iii. This continued expansion will allow Dhamra port to exceed 100 million tonnes of cargo capacity by the
year 2020.
Note:The port, situated between Haldia in West Bengal and Paradip in Odisha, was mostly handling
cargo like coal and limestone.
Nepal has given an Indian company permission to build a 900 megawatt hydropower plant.
i. The two countries will sign an agreement for the $1.04 billion project, which provides Nepal with free
electricity and India energy for its power-hungry economy.
ii. The project, which will be built by Satluj Jal Vidyut Nigam (SJVN) Limited, was originally cleared in
2008 but never implemented after Kathmandu lobbied for greater benefits.
GMR Infrastructure has received the Securities and Exchange Board of India approval to rise up
to Rs. 1,500 crore through rights issue.
i. In a rights issue, shares are issued to existing investors as per their holding at a pre- determined price
and ratio.
An Indian Railways team is in China to chalk out plans for conducting feasibility study to build the 1,754
km-long Delhi-Chennai high-speed train corridor; world's second largest bullet train line.
i.The proposed corridor could be the second largest in the world after China's 2,298 km-long BeijingGuangzhou line which was launched last year. Running at a speed of 300 km per hour, it covers the
distance in about eight hours.
Note: India is currently considering two corridors for high
speed trains. While Japan is conducting feasibility study
for the Bullet train project in Mumbai-Ahmadabad
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17. Kotak Mahindra Bank is the first bank to fully own an insurance business
i. Kotak Mahindra Bank BSE 0.07 % on Tuesday became the first bank to get the Reserve Bank of India's
(RBI's) permission to set up a wholly-owned non-life insurance company.
ii. The bank is already the promoter of a life insurance company in partnership with Old Mutual of South
Africa.
Note: i. RBI guidelines allow a bank to hold max 50 per cent in insurance joint venture. However, RBI
allowed some exceptions, like SBI and ICICI Bank. In both these partnerships, the banks hold 74 per cent.
ii. Kotak General Insurance will be the 29th non-life company in the country. The last non-life insurer to
get permission from the regulator was Cigna TTK a health insurance company.
iii. The last company to set up a full-fledged general insurance business was Liberty Videocon General
Insurance.
18. Canara Bank has signed a memorandum of understanding with Micro Energy Credits Corporation to
finance bank customers buying energy efficient green products such as cook stoves, solar home systems,
biogas digesters and water purifiers. The partnership has identified Chitradurga district in Karnataka to
promote such green products on a pilot basis.
19. The Lok Sabha today passed the Delhi Special Police Establishment (Amendment) Bill, 2014 by voice vote.
As per the new provisions, CBI director will be selected by a panel which will comprise of Prime Minister,
Leader of Opposition in the Lok Sabha or the leader of the Single largest party in the House and
Chief Justice of India or any Supreme Court Judge.
20. Haryana government reversed the retirement age of government employees from 60 to 58 years. It also
reversed the retirement age of Class IV, visually impaired and handicapped employees from 62 to 60
years.
21. United Nations (UN) Women announced the appointment
of Indian tennis superstar and youth icon, Sania Mirza, as
its Goodwill Ambassador for South Asia. The organization
is dedicated to gender equality and womens
empowerment. She became the first South Asian woman to
be appointed as a Goodwill Ambassador. The other
Goodwill Ambassadors include British actor Emma Watson, Academy Award winner Nicole Kidman, HRH
Princess Bajrakitiyabha Mahidol of Thailand, and Indian actor-filmmaker-singer Farhan Akhtar.
22. Boxer Manoj Kumar today received the prestigious Arjuna Award from Sports Minister Sarbananda
Sonowal.the 2010 Commonwealth Games gold-medalist, was bestowed with the honor in a function
organized in the National capital.
23. Michael Phelps was crowned Male Athlete of the Year at the 2014 USA Swimming Golden Goggle Awards.
He was crowned with the title for a fifth time. Earlier, he won the title in 2004, 2007, 2008 and 2012. He
was awarded with the title despite being suspended from competition for six months after a drunken
driving arrest in September 2014.
24. Ms Deborah, a tribal girl from Andaman and Nicobar Islands has created history in National Level by
winning four Gold Medals in the Track Asia Cup Cycling Championship 2014 which concluded at Indira
Gandhi Stadium, New Delhi.
25. The SAARC Framework Agreement on Energy (Electricity) Cooperation was signed among the SAARC
member countries. Chairperson Sushil Koirala also announced that the 19th SAARC Summit will be held at
Islamabad in 2016.
26. SAARC countries today signed a framework agreement on cooperation in power sector but failed to
finalise the much-awaited motor vehicle and railway pacts for greater people-to-people contact and
movement of goods due to opposition from Pakistan. A time period of three months have been set for
approval to the Motor Vehicle and Railway pacts.
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i. Payments banks can accept deposits current and savings bank from individuals, small businesses
and other entities but cannot provide loans.. However, they cannot accept non-resident Indian
deposits.The payment bank will initially be restricted to holding a maximum balance of Rs1 lakh per
individual customer.While the bank can issue ATM/debit cards, it cannot issue credit cards.It can contract
outside liabilities (deposits) but not exceeding 33.33 times (against 20 times in the draft guidelines) its
net worth.
36. Country's economic growth has declined to 5.3 per cent during July to September, from the previous
quarter's 5.7 per cent.the manufacturing sector, which accounts for about 15 per cent of India's gross
domestic product rose by 0.1 per cent during the quarter from the previous period's 3.5 per cent.
Agriculture sector growth declined to 3.2 percent against 3.8 percent.
37. India today signed a Memorandum of Understanding, MoU, with Mozambique for cooperation in the field
of oil and gas. The MoU was signed in the presence of Minister of State for Petroleum and Natural Gas,
Dharmendra Pradhan in New Delhi.
38. Former Uttar Pradesh chief secretary Anoop Mishra was appointed as new Secretary General of the Lok
Sabha. He was appointed by Lok Sabha Speaker Sumitra Mahajan.
39. Historian Tapan Raychaudhuri died
40. Namsai officially became the 18th district of Arunachal Pradesh. The Chief Minister of Arunachal Pradesh
Nabam Tuki made the declaration.
41. European Union lawmakers overwhelmingly backed a motion urging anti-trust regulators to break up
Google.
42. The book titled Your Dreams Are Mine Now: She Showed him What Love was authored by Ravinder Singh
was released.
he book titled Black Tornado: The Three Sieges of Mumbai 26/11 authored by Sandeep Unnithan.
43. Crime novelist PD James died at the age of 94
44. RBI eased gold imports and scrapped 20:80 scheme. The decision to withdraw the 20:80 scheme will cut
smuggling of gold and raise legal shipments into India.
45. Beijing banned smoking in all indoor public spaces like workplaces and public transport vehicles and it
will be effective from 1 June 2015.
46. Next China-India War- World's First Water War authored by General S. Padmanabhan released
47. NASA celebrated the 50th anniversary of its first mission to Mars, Mariner 4 mission on 28 November
2014. Mariner 4 mission launched on 28 November 1964 was the NASAs first successful journey to Mars.
48. India and Nepal launched the first ever bus service between the two countries.To begin with daily buses
will ply between Delhi and Kathmandu. Later, there will be similar buses which will ply on two other
routes - Delhi-Pokhara and Varanasi- Kathmandu.
49. Former Union Minister GK Vasan, who split from the Congress, has revived the Tamil Maanila Congress.
50. Prime Minister Narendra Modi flagged off the first train from Mendipathar in Meghalaya to Guwahati.
51. Theatre personality Veenapani Chawla passes away
52. Russian film Leviathan by Andrey Zvyagintsev won the best film award comprising Golden Peacock and
Rs.40 lakh at the 45th International film Festival of India.
ii. Mr. Alexey Serebryakov from the Leviathan also shared the best male actor award in the Cimena of
the World competition.
53. Book titled Letters for a Nation written by Jawaharlal Nehru & Madhav Khosla was published by
Allen Lane an imprint of Penguin Books .
54. Mumbai, Kolkata most vulnerable to loss of life,
properties due to coastal flood: United Nations
Framework Convention on Climate Change (UNFCCC).
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55. Country's biggest oil company Indian Oil Corporation is looking at setting up a greenfield refinery on the
West coast as part of its expansion plans.Indian Oil Corporation Chairman B Ashok said there is a need for
green field refinery by 2021-22. After setting up of Paradip Refinery in East coast, focus is now on setting
up of a refinery in West coast region.
56. Dubai to invest $32-billion to build worlds largest airport.The Dubai International Airport is the
worlds second busiest airport after the London Heathrow.
57. The new natural gas price of USD 5.61, which is already among the lowest in Asia Pacific, is likely to drop
to around USD 5 per unit in three years due to the variables included in the formula, Goldman Sachs has
said.
58. PV Sindhu today bagged the Macau Open Grand Prix Gold Badminton title for the second consecutive time
defeated Korean Kim Hyo Min
59. Israeli cricket umpire Hillel Oscar dies after being struck by ball
60. Officials from over 190 nations, including India converged in Lima at the UN climate summit to negotiate
on a new ambitious and binding deal to cut global carbon emissions.During the 12-day summit in the
Peruvian capital, countries will put forward what they plan to contribute to the 2015 pact in the form of
Intended Nationally Determined Contributions (INDCs) by the first quarter of 2015, well in advance of the
Paris conference in December. Environment Minister Prakash Javadekar leads India's 17- member
delegation to negotiate terms for the final agreement to be signed in Paris, which will take effect in 2020.
61. Tabare Ramon Vazquez Rosas won Uruguay Presidential Election 2014.Vazquez belongs to the leftist
Broad Front coalition party of Uruguay.replaed Jose Mujica who was barred by law from running for a
second consecutive term.
62. Prime Minister Narendra Modi on Monday dedicated to the nation the second unit of the 726 MW gasbased power plant at Palatana in Tripura. A host of dignitaries from India and Bangladesh, which
facilitated transportation of heavy machineries to the plant, were present on the occasion.
63. Focusing on improving connectivity to the Northeast, Prime
Minister Narendra Modi said the Centre would provide Rs
28,000 crore for laying new railway lines in the region and
develop the untapped tourism potential of the area.Prime
Minister said that the Centre has sanctioned Rs 5000 crore to
provide 2G mobile coverage in this area for comprehensive
telecom development plan of the northeast region.The Prime
Minister said his government has decided to set up
a National Sports University in Manipur and the people of the
region will be great beneficiaries.
64. The Economic Times Awards for Corporate Excellence
announced
i. The Economic Times Awards for Corporate Excellence was
announced.
The awards were announced in the following category:
Business Leader of the Year Dilip Shanghvi
Company of the Year Tata Consultancy Services
Emerging Company of the Year Adani Ports & SEZ
Global Indian of the Year Satya Nadella
Startup of the Year Zomato
Business Reformer of the Year UK Sinha
Corporate Citizen of the Year Tata Steel
Lifetime Achievement Yusuf Hamied
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84. Central Bank to raise Rs. 626.23 cr from preferential issue to LIC. The capital raising committee of the
board approved raising of additional equity capital by issuance of up to 8.28 crore shares at Rs. 75.55 a
equity, Central Bank of India said in a statement.
85. Bank of Bahrain and Kuwait Delhi branch offers full-fledged services
86. India has showed some improvement in addressing corruption this year, ranking 85th among 175
countries as against 94th last year, graft watchdog Transparency International India (TII).Denmark
retained its position as the least corrupt country in 2014 with a score of 92 while North Korea and Somalia
shared the last place, scoring just 8, it said.
Cricket world bids tearful adieu to Phil Hughes at Macksville.
87. Canara Bank has been conferred with the Niryat Bandhu Silver Trophy in the in the banks category for
its support services rendered for promotion of exports.
88. India celebrates 43rd Navy Day; President, PM salute devotion of Navy personne.
89. Union Finance Ministry constituted High Level Committee to interact with trade and industry on taxrelated issues on a regular basis. The high level committee will be headed by former Chief Economic
Advisor (CEA) Ashok Lahiri.The HLC will give recommendations to the Central Board of Direct Taxes
(CBDT) and the Central Board of Excise and Customs (CBEC) for issuance of appropriate clarifications by
way of circulars, instructions on tax issues.
90. Justice Krishna Iyer passes away
91. Prince of Gujarat: The Extraordinary Story of Prince Gopaldas Desai released authored by Rajmohan
Gandhi.
92. India, Japan to cooperate in the fields of Cyber security and Green Information and Communication
Technology, ICT.
93. East Zone lifts Deodhar Trophy cricket tournament, beating West Zone by 24 runs at the Wankhede
Stadium in Mumbai
94. India's S Ravi in ICC panel of umpires for World Cup
95. Narndra Modi named 'Asian of the Year' by Singapore's
Straits Time.
96. RBI relaxed norms for Pre-paid Payment Instruments
(PPIs) and doubled the limit to one lakh rupees from
50000 rupees.
Highlights of RBI norms on PPI
i. The maximum validity of gift cards has been enhanced
from one year to three years. Other provisions of PPI
guidelines with respect to gift cards will continue.
ii. RBI also allowed issue of multiple PPIs by banks from
fully-KYC compliant bank accounts for dependent or family
members.Only one card can be issued to one beneficiary.The
central bank also permitted banks to issue rupee
denominated PPIs for visiting foreign nationals and NRIs.
97. RBI issued guidelines for setting up a trading platform for
trade receivables and bills of exchanges of Micro and Small
and Medium Enterprises - MSME.The Trade Receivables
Discounting System - TReDS should have a minimum paid up
equity capital of 25 crore rupees and non-promoters would
not hold over 10 per cent of the equity capital of TReDS.
98. HDFC Bank rules out a JV for payment bank
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99. National Rifle Association of India ,NRAI, chief Raninder becomes first elected Indian in ISSF
International Shooting Sport Federation committee
100. Private entity cannot hold more than 26% stake in public-private joint ventures for coal block
allocations. However, if it is more than one private sector entity, the structure should be such that its stake
does not exceed 49 per cent.A total of 92 blocks are being offered under the first round.
101. Air India, NBCC National Buildings Construction Corporation Limited sign MoU for development of of
Air India at various locations on joint venture basis.
102. PSU bank ATMs will be able to print in Hindi soon
103. Ashton Carter new US defense secretary to replace Chuck Hagel as US Defence Secretary.
104. Arun Duggal appointed as non-executive Chairman of Credit rating agency ICRA. He will replace
Pranab Kumar Choudhury who will resign from ICRA Limited and all other affiliated entities on 29
January 2015.
105. ICICI Bank ties up with price comparison app Zopper for offline and online.
106. ICICI Bank sells Russian subsidiary Russian subsidiary ICICI Bank Eurasia to Sovcombank
107. Govt appoints Dinesh Kumar as CEO of Polavaram Project
108. Orion spacecraft marks dawn of new chapter in space exploration: US NASAs unmanned spacecraft
completed its first test flight.Orion is expected to take up its first crew in 2021.
109. Fifth World Cup Kabaddi begins at Jalandhar in Punjab. 19 teams from 15 nations are participating in
the tournament. These include 11 Men's and 8 women's teams.Prize worth 5.27 crore rupees are up for
grabs in team and individual events.
110. Kotak Mahindra Bank launches savings bank account for customers of 55 years and above.
According to the release, customers will earn 6 per cent pa on savings balance of over Rs 1 lakh and 5
per cent on balances up to Rs 1 lakh.To earn higher return on their balances, they can sign up for the
Kotak ActivMoney facility, which converts savings account balance above a certain amount into term
deposits.
111. India sets new world record for largest human flag formed by over 50,000 volunteers, beating the
previous record held by Pakistan.
112. Modi, Mukesh Ambani most searched personalities in 2014: Yahoo
113. Dev Shah becomes world champion in Under-7 category in World Schools Chess Championships
at Juiz de Fora in Brazil.
114. Mandatory for PSUs from 1st April, 2015 to procure 20 percent of products manufactured by
MSME: Govt
115. India forex reserves up $ 1.432 billion to $ 316.311 billion
i. India's forex reserves surged by 1.432 billion US dollar to 316.311 billion dollar in the week ended 28th
November.The country's gold reserves remained unchanged at 19.738 billion dollar. The Special
Drawing Rights increased by 6.4 million dollar to 4.229 billion dollar, while the country's reserve
position with the IMF also rose by 2.5 million dollar to 1.521 billion dollar during the week.
116. Indian Blind Cricket Team lifts World Cup after defeating Pakistan in Cape Town, South Africa .
117. Indias communication satellite GSAT-16 launched from Kourou in French Guiana functioning
normally. GSAT 16 has highest number of 48 transponders that will be used for television, telephone
and internet applications.
118. Kumar Sangakkara became fourth batsman to complete 13000 ODI runs
119. Amos Meindi of Kenya won 29th Pune International
full Marathon
120. Carnatic vocalist Nedanuri Krishnamurthy died
121. Uber taxis banned in Delhi, company blacklisted
122. Modi wins TIME readers poll for Person of the Year.
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161. Miss South Africa Rolene Strauss crowned Miss World 2014 at the final of the beauty pageant held in
London, UK. Miss Hungary, Edina Kulcsar, was the runner-up and Miss United States, Elizabeth Safrit,
came third in the 64th annual competition, contested by women from 121 countries.
162. Miss World 2014: Aishwarya Rai Bachchan felicitated by the Miss World Organisation at the 64th
edition of the international beauty pageant for her commitment to beauty with a purpose since
winning the crown two decades ago.
163. Wholesale inflation hits zero, lowest in over 5 years.The Wholesale Price Index (WPI) based inflation
was at 1.77 per cent in October and 7.52 per cent in November 2013.
164. Anil Ambani led Reliance Group has sold its multiplex business to South India-based Carnival Group in
the largest ever deal in this space.
165. World Hockey Body Suspends Two Pakistani Players Following Obscene Gestures..Muhammad
Tousiq and reserve goalkeeper Ali Amjad were handed a one-match ban that sidelined them from the
final.
166. Germany beat Pakistan 2-0 to win Champions Trophy.it was Germany's 10th Champions Trophy
title.
167. Anerood Jugnauth appointed as Mauritius Prime Minister by the President Purryag by replacing
Prime Minister Navinchandra Ramgoolam.
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