Skip to main content

Daily GK Buzz - 12th March 2015

1. Modi's visit to Mauritius

i. MoUs were signed in Port Luis, Mauritius during Prime Minister Narendra Modi’s visit to island nation as part of three-nation tour of Seychelles, Mauritius and Sri Lanka for cementing strategic partnership with these island courtiers.

 Following MoUs were signed

  • MoU in the field of Ocean Economy
  • Programme for Cultural Cooperation between both nations for the year 2015-18
  • Protocol between both countries for the importation of fresh mango from India
  • MoU for the Improvement in Air and Sea Transportation Facilities at Agalega Island of Mauritius
  • MoU on Cooperation in the field of Traditional System of Medicine and Homeopathy

2. Union Government appointed Nine Executive Directors in Public Sector Banks

i. The Union Government appointed nine Executive Directors (EDs) in Public Sector Banks (PSBs). The appointment of these EDs was approved by the Appointments Committee of the Cabinet.
ii. These appointments were made on the basis of recommendation of selection panel headed by the Reserve Bank of India Governor Raghuram Rajan.
List of appointments:
  • Charan Singh – Executive Director of UCO Bank
  • K Venkata Rama Moorthy –Executive Director of Bank of Baroda
  • RP Marathe – Executive Director of Bank of India 
  • Harideesh Kumar B – Executive Director, Canara Bank
  • NK Sahoo – Executive Director of Allahabad Bank 
  • Pawan Kumar Bajaj - Executive Director of Indian Overseas Bank
  • Ravi Shankar Pandey - Executive Director of Syndicate Bank 
  • Kishore Piraji Kharat - Executive Director of Union Bank of India
  • RC Lodha - Executive Director of Central Bank of India

3. Govt asks PSU banks increase lending to minorities

i. The Union government has advised PSU banks to step up lending to minorities with a view to ensuring that they get loans in proportion to their population.
ii. It was decided to increase the percentage share of lending to each minority community in proportion to their respective share in minority population.
iii. In term of population, Muslims constitute the largest community, followed by Christians. Third largest minority group is that of the Sikhs.
iv. As per the RBI directive, banks have set up a special cell to ensure smooth flow of credit to minority communities.
v. The cell is headed by an officer holding the rank of Deputy General Manager or Assistant General Manager (AGM) or any other similar rank who should function as a ‘Nodal Officer’. 

4. India’s literacy rate rose to 72.98 % in 2011: Union Government

i. Union government has announced that India’s literacy rate has risen to 72.98%. 
ii. It was informed by Union Minister Human Resource Development (HRD) Smriti Irani while replying to the supplementaries in the Lok Sabha.
iii. Country’s literacy rate has risen to 72.98 per cent in 2011 compared to 64.84 per cent in 2001.
iv.  The literacy rate in the country has risen after launching of flagship schemes like Sarva Shiksha Abhiyan in 2001-02, enforcement of the Right of children to Free and Compulsory Education (RTE) Act 2009 and Saakshar Bharat programme.

5. EPFO trustees okay raising age limit under pension scheme to 60

i. Retirement fund body EPFO 's trustees decided to raise the age limit from 58 to 60 years for vesting of pension.
ii. The Employees' Provident Fund Organisation's apex decision making body, th
e Central Board of Trustees (CBT), which is headed by the Labour Minister, took the decisions.
iii. After the amendment to the pension scheme, a formal sector worker can choose to contribute towards it till 60 years of age. This will provide him a benefit of 4 per cent enhanced pension per year.
iv. The CBT also decided to appoint SBI as it new fund manager for a three year term beginning April 1.

6. Google CFO Patrick Pichette announced his retirement

i. Google's Chief Financial Officer (CFO) Patrick Pichette announced his retirement from the office citing personal reasons. The effective date of his retirement is not yet finalised.


ii. However, Pichette will stay at Google till the company finds a replacement. Pichette joined Google as CFO since August 2008 when Google was roiled by the economic downturn caused by the financial crisis. 
iii. Before joining Google, he worked at McKinsey & Company and Bell Canada (2001–2008). He is also on the advisory board of Engineers Without Borders (Canada).

Labels:

Popular posts from this blog

Easy way to understand Direct and Indirect speech rules

Introduction. There two ways to convey a message of a person, or the words spoken by a person to other person. 1.       Direct speech 2.       Indirect speech Suppose your friend whose name is Vipul tells you in College , “I will give you a pen”. You come to home and you want to tell your brother what your friend told you. There are two ways to tell him. Direct speech:   Vipul said, “I will give you a pen”. Indirect Speech:  Vipul said that he would give me a pen. In direct speech   the original words of person are narrated (no change is made) and are enclosed in quotation mark. While in indirect speech some changes are made in original words of the person because these words have been spoken in past so the tense will change accordingly and pronoun may also be changed accordingly. In indirect speech  the statement of the person is not enclosed in quotation marks, the word “ that ” may be used before the statement to show that it is indirect sp
3 comments
Read more

English Error Spotting - Previous Year Questions of SSC CGL

Competition Zenith brings you a post on Error Spotting to boost your English for competitive exams. We are providing you the specifically chosen questions from previous year papers of SSC CGL with the best possible explanation in simplest of the language. Below are some questions with explanation: Questions 1. Have trust on(a)/God and everything(b) /will be right.(c) /(d) No error 2. The cattles (a) /are grazing (b) /in the fields.(c) /(d) No error 3. He is one of (a)/ the best novelists (b) /that has ever lived. Do you agree? (c)/no error (d) 4. On a rainy day (a) /I enjoy to watch TV (b) / with a hot cup of tea.(c ) /no error(d) 5. No sooner did (a)/I reach (b)/ Patna railway station than the train departed(c)/no error (d) 6. There is no agreement (a) / between you and I (b) /so we are free to go our way(c) /no error (d) 7. A variety of books (a) / is available in the market (b) / to help the students qualify the competitive examinations.(c) /no error 8.
4 comments
Read more

Spotting Error Quiz IV - With Explanation For SSC Exam 2015

  Hello Readers, As you know that Spotting Error types question is an important part of competitive examinations and seldom any book provide you the detailed solution. So we have decided to provide you the previous year questions of  spotting error along with the Explanation . If you like it let us know, you can also ask for detailed solutions of questions that are bothering you. 1.     I found (a)/ the two first chapters of the book (b)/ particularly interesting. (c)/ No error (d) Answer    (b) Explanation : It should be   ‘the first two chapters’ . 2.     Bacon, the father of the English easy (a) / had a thirst (b) / of knowledge (c) / No error (d) Answer    (a) Explanation : The English means the citizen of England.   Article is not used before language
4 comments
Read more