Current Affairs, News & Facts of 02 Nov 2015

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  • Shaktikanta Das nominated on RBI Central Board


    Shaktikanta Das nominated on RBI Central Board


    • The Union Govt. has appointed Economic Affairs Secretary Shaktikanta Das to the Central Board of Directors of the Reserve Bank.The nomination of Das is effective October 30, 2015 and until further orders. Das is a 1980 batch IAS officer of Tamil Nadu cadre officer.
    • The affairs of  RBI are governed by the central board of directors, appointed by the government in keeping with the Reserve Bank of India Act are governed by the central board of directors, appointed by the government in keeping with the Reserve Bank of India Act.

     Facts to know about RBI :-

    • The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934.
    • The Central Office of the Reserve Bank was initially established in Calcutta but was permanently moved to Mumbai in 1937. The Central Office is where the Governor sits and where policies are formulated.
    • Though originally privately owned, since nationalisation in 1949, the Reserve Bank is fully owned by the Government of India. The RBI plays an important part in the Development Strategy of the Government of India. 

    Facts to know about Central Board of Directors of RBI :-

    The superintendence and direction of the RBI is entrusted with the 21-member Central Board of Directors.

    Composition :-

    1. The Governor 
    2. 4 Deputy Governors
    3. 2 Finance Ministry representatives
    4. 10 government-nominated directors
    5. 4 directors to represent local boards headquartered at Mumbai, Kolkata, Chennai and New Delhi.
  • Najib Shah appointed as the chairman of CBEC 


    Najib Shah appointed as the chairman of CBEC


    • Senior IRS officer Najib Shah has been appointed as Chairman of Central Board of Excise and Customs (CBEC), apex body on Indirect Taxes. 
    • The appointment of Najib Shah as the Chairman of CBEC was approved by The Appointments Committee of Cabinet (ACC) headed by Prime Minister Narendra Modi. Shah will have tenure till March 11, 2017, when he attains the age of superannuation 60 years. 
    • Shah was serving as acting Chairman of the board after retirement of Kaushal Srivastava in July 2015. Shah had also been Director General of Directorate of Revenue Intelligence (DRI) .
    • Shah, is a 1979 batch officer of Indian Revenue Service (Customs and Central Excise), has been working as Member in the board since May this year.

    About  Central Board of Excise and Customs :-

    • The Customs & Central Excise department was established in the year 1855 by the then British Governor General of India, to administer customs laws in India and collection of import duties / land revenue. It is one of the oldest government departments of India.
    • The Central Board of Excise and Custom  is the nodal national agency responsible for administering Customs, Central Excise, Service Tax & Narcotics in India. Customs and Excise department comes under the Department of Revenue, Ministry of Finance.
    • The CBEC consists of a chairperson and maximum of six members. At present, Shah's wife Neerja, VS Krishnan, Vanaja N Sarna, Ram Tirath and Ananya Ray are working as other members.
  • Renowned Archaeologist VN Misra passes away


    Renowned Archaeologist VN Misra passes away


    • Eminent Archaeologist and pre-historian Professor Virendra Nath Misra passed away recently due to old-age related problems. He was 80.
    • Hailing from Uttar Pradesh, Misra joined Deccan College after completing his studies from Lucknow. After studying Sanskrit and Anthropology, he received guidance in archaeology from Prof HD Sankalia, who is considered to have pioneered archaeological excavation techniques in India. 

    Achievements :-

    • Among his notable achievements  are excavations at the world heritage site of Bhimbetka in Madhya Pradesh and the 6,000-year-old site of Balathal in Rajasthan, considered the turning points in history of ancient India. 
    • He had also founded a dedicated society for pre-historic studies in 1977 and started an international research journal – Man and Environment, which he edited from it’s inception till his death. 
    • He also had served as Director of Deccan College in 2000 and had retired as Professor of Prehistoric Archaeology in 1995.

    Awards and honours :-

    Misra was the recipient of the prestigious VS Wakankar Award by the Madhya Pradesh government with for his contribution to pre-history. 

  • Sania-Hingis duo wins Singapore BNP Paribas WTA Finals


    Sania-Hingis duo wins Singapore BNP Paribas WTA Finals


    • Indian tennis ace Sania Mirza and her Swiss partner Martina Hingis has won the 2015 BNP Paribas WTA Finals Women’s double category.
    • In the final match which was played in Singapore the Indo-Swiss duo defeated Spanish pair of Garbine Muguruza and Carla Suarez Navarro by 6-0, 6-3 score.
    • The Indo-Swiss pair have earlier won eight women's doubles titles this year, including two Grand Slam titles at Wimbledon and the US Open, since joining forces in March.The Indo-Swiss pair have also secured 2015’s WTA Year-End world number one ranking in Women’s double category.
    • The partnership between Hingis and Mirza began at the 2015 BNP Paribas Open at Indian Wells in March, where they clinched their first title as a team.

    Martina Hingis :-

    • Hingis, 35, has been inducted into the International Tennis Hall of Fame due to her 94 WTA titles over the past 20 years, which include 49 doubles titles. In 1997, Hingis became the youngest women's player to be ranked World No.1 in singles (16 years old) and the youngest-ever doubles No.1 in 1998 (17 years old).

    Sania Mirza :-

    • Mirza, 28, has also made history by becoming the first Indian woman to achieve the No.1 ranking. The Indian star has clinched 32 WTA doubles titles including two Grand Slam titles, achieved this year. In August, Sania was presented with the prestigious Rajiv Gandhi Khel Ratna award, India's highest sporting honor.
  •  Facebook to help BSNL set up 100 wi-fi hotspots in rural India


    Facebook to help BSNL set up 100 wi-fi hotspots in rural India


    Social media giant Facebook has come forward to facilitate state-run BSNL in setting up 100 Wi-Fi sites in rural areas of western and southern India. Facebook will spend Rs 5 crore per annum for sponsoring these 100 Wi-Fi hotspots in the country. The hotspots are being set up by BSNL-selected vendor Quad Zen.The sponsored Wi-Fi spots are being set-up in addition to 2,500 Wi-Fi spots that BSNL is setting up in partnership with Quad Zen and Trimax.

    • BSNL has also received interest from Member of Parliaments for setting up Wi-Fi hotspots in villages which they have adopted under Saansad Adarsh Gram Yojana (SAGY) to make it a model village by 2016.
    • BSNL have already set up 25 hotspots under the agreement. Facebook is only sponsoring them and not taking any revenue share. Quad Zen will set up these hotspots and handle sales. There is revenue share model between BSNL and Quad Zen.
    • With Facebook and MPs coming forward BSNL is being able to set up Wi-Fi hotspots in area where it is not commercially feasible to run them. We are quickly extending optical fibre connectivity to these hotspots.
    • Under commercial model, Quad Zen will set up 2,000 Wi-Fi hotspots in West and Southern part of the country and Trimax will set up 500 hotspots in North India.
  • Turkey's AK Party wins 2015 general election of Turkey


    Turkey's AK Party wins 2015 general election of Turkey


    • The ruling Justice and Development Party (AKP) of Turkey has won 2015 Parliamentary Election of Turkey.  AKP had won 49.4 per cent of the vote, with the main opposition CHP on 25.4 per cent. 
    • AKP won 316 seats of total 550 members while CHP won 134 seats, HDP won 59 seats and MHP won 41 seats. In Turkey The Political Parties need to secure 276 seats to govern the country alone.

    2015 Parliamentary Election of Turkey :-

    • The Turkish general election of 2015 first took place on 7 June 2015 in all 85 electoral districts of Turkey to elect 550 members to the Grand National Assembly. This was the 24th general election in the history of the Turkish Republic, electing the country's 25th Parliament. 
    • The result was the first hung parliament since the 1999 general election, with unsuccessful attempts to form a coalition government resulting in a snap general election being called for November 2015.
    • The election resulted in the Justice and Development Party (AKP) regaining a Parliamentary majority, having lost it five months earlier in the June 2015 general election.
  • New Zealand wins 2015 Rugby World Cup


    New Zealand wins 2015 Rugby World Cup


    • New Zealand has won the 2015 Rugby World becoming becoming the first team to retain their title, and win for a third time. In the final match played at Twickenham, England the New Zealand team defeated Australian team by 34-17 score.
    • The 2015 Rugby World Cup was the eighth Rugby World Cup, the quadrennial rugby union world championship. The tournament was hosted by England  from 18 September to 31 October. 

    Facts to know about Rugby World Cup :-

    • The Rugby World Cup is a men's rugby union tournament which is contested every four years between the top international teams. The tournament was first held in 1987, when the tournament was co-hosted by New Zealand and Australia.
    • The winners are awarded the William Webb Ellis Cup, named after William Webb Ellis, the Rugby School pupil who — according to a popular legend — invented rugby by picking up the ball during a football game.
    • Four countries have won the trophy since it's inception ; New Zealand have won it three times, two teams have won twice, Australia and South Africa, while England have won it once.

2nd Aug

Exam Date : 02-08-2016

Exam Time : 07:15:00

Ques/Time : 6/5 min


Exam Date : 01-08-2016

Exam Time : 06:00:00

Ques/Time : 8/5 min

Todays test

Exam Date : 22-07-2016

Exam Time : 05:10:00

Ques/Time : 3/5 min