News September 1 to 11

Sep-14

1st

2nd

2nd

News Heading

Explanation

United Bank of India

declared Vijay Mallya as
wilful defaulter. Who is a
wilful defauler?

United Bank of India declared debt-ridden

Kingfisher Airlines and its
owner Vijay Mallya as wilful defaulters.
Three Kingfisher Airlines Ltd directors A.K.
Ganguly, Subhash Gupte and
Ravi Nedungadi were also declared as wilful
defaulters. RBI has given
a detailed definition which is given a separate
article. However, as a
layman you should know that a wilful default
occurs when a borrower
has not repaid the amount borrowed from a bank
inspite of the fact he
can return the same. A borrower who has used
the sanctioned funds for
a purpose other than for what these were
allowed, can also be declared
as willful defaulter. OR when the borrower
disposes off the assets
created from bank funds without the banks
knowledge.

Karnataka becomes the

first state to launch
Health Adalat

Karnataka State became the first State in the

country to launch a
Health Adalat.
During Health Adalat the department will interact
with public
representatives and general citizen and
understand their problems and
concern, grievance about the health services and
efforts would be made
to provide solution then and there.

RBI curbs banking

operations of
Choundeshwari Sahakari
Bank

The RBI has curbed the operations of The

Choundeshwari Sahakari Bank
Ltd of Kolhapur, Maharashtra Now this bank
requires prior approval of

RBI for its banking business.In particular,

depositors of the bank will

Justice HL Dattu named

as the next Chief Justice
of India

Justice HL Dattu has been named as the next

Chief Justice of India.. CJI
RM Lodha retires on the 27th September 2014,
after which Justice Dattu
will have tenure till December 2015.

India slips to 71st rank in

global competitiveness
list

India has slipped to 71st position, in an annual

global competitiveness
list, where Switzerland remains on top. As per
the list, released by the
Geneva-based World Economic Forum, India
comes the lowest among BRICS
countries. The Global Competitiveness Report
2014-15, says Switzerland
is the most competitive economy, followed by
Singapore and United
States. China, has improved its position by one
place to 28th spot and
thus leads e BRICS grouping

3rd

TCS re-appoints N
Chandrasekaran as CEO

Tata Consultancy Services (TCS) has extended

tenure of its Chief
Executive Officer and MD N Chandrasekaran by
five years ie upto October
2019.

4th

Former CJI P Sathasivam

appointed as Governor of
Kerala

Sathasivam has been appointed as the new

Governor of Kerala.

3rd

3rd

4th

Govt. sets up panel on

unclaimed PPF, small
savings deposits

The government has set-up a Committee to

examine the un-claimed amount
in PPF, Post Office and Savings Schemes. The
committee will examine and
recommend how this amount can be used to

protect and further financial

interest of the senior citizens. The seven
member committee is being
headed by the Deputy
Governor H R Khan of

4th

4th

Andhra to get its new

capital near Vijayawada

INS Sumitra
commissioned by Navy
chief

The new capital of Andhra Pradesh will be

located in the Vijayawada
region,. Andhra Pradesh was bifurcated to
create a new state of
Telangana earlier this year in June. Hyderabad
will serve as the shared
capital of Telangana and Andhra Pradesh for
another 10 years until 2024.
After that, Hyderabad will belong to the new
state of Telangana. Nearly
a decade ago, Naidu turned Hyderabad into some
sort of Silicon Valley.
It became an exceptionally prosperous IT hub. He
now says he has
ambitious plans to transform Andhra Pradesh
into a "bustling" state and
model it on Singapore.

The Chief of Naval Staff Admiral R.K. Dhowan

dedicated to the nation,
INS Sumitra, one of the biggest surveillance
ships of the Indian Naval
Force at Chennai, the Admiral told that it was
important for the Navy to
maintain vigil at the coasts as ninety per cent of
trade activities are
being carried through seas.

The Naval Chief told that the blue print for the
future of the Indian
Navy was firmly anchored on self-reliance and
presently 41 submarines
are being built in the Country.

5th

Indo-Nepal joint military

exercise Surya Kiran-VII
concluded at
Pithoragarh

Indo-Nepal joint military exercise Surya Kiran-VII

concluded at
Pithoragarh. The exercise was seventh in the
series. The
14-day exercise was based on to practice counter
insurgency, jungle
warfare and disaster management under the
aegis of the Indian Armys
GARUD division. Surya
Kiran aimed to create a greater understanding
between the Indian and
Nepalese armies and develop expertise in jungle
warfare and
counter-terrorism operations in mountainous
terrains.

The 2014 Wales Summit of the North Atlantic

Treaty Organization (NATO)
was a meeting of the heads of state and heads of
government of the
North Atlantic Treaty Organization, held in
Newport, Wales on 4 and 5
September 2014.
5th

NATO Summit- Wales

2014

The summit was hosted by British Prime

Minister David Cameron.
Attendees include U.S. President Barack Obama,
German Chancellor Angela
Merkel, French President Franois Hollande, and
Italian Prime Minister
Matteo Renzi, along with leaders and senior
ministers from around 60
other countries. There were another 180 VIPs,
and 4,000 delegates and
officials..

th

6th

Health Minister launches

Indias first National
Anti-Tuberculosis Drug
Resistance Survey

India signs civil nuclear

agreement with Australia

Health
Minister Harsh Vardhan today launched Indias
first National
Anti-Tuberculosis Drug Resistance Survey in New
Delhi. The
survey will be conducted on 5,214 patients
across the country. It will
provide information on the prevalence of antituberculosis drug
resistance among new and patients already
undergoing treatment. The
number of multi-drug resistant TB cases in the
country had increased by
five times between 2011 and 2013.

After agreement with Australian PM, India will

now be in a position to
secure uranium from Australia to meet its energy
requirements, with the
two countries signing a bilateral civil nuclear
agreement. Australia
would provide supply of uranium, production of
radio isotopes, nuclear
safety and other areas of cooperation to India.

Interestingly, Australia has about a third

of the worlds recoverable uranium resources
and it exports nearly seven thousand tonnes of
uranium in a year. This
was Australias first nuclear deal with a NonNuclear, Non-Proliferation
Treaty (NPT) signatory country.

6th

6th

Chandrakala Padia
appointed as first women
chairperson of IIAS

She has been appointed as first women

chairperson of Indian Institute of
Advanced Study (IIAS).

Axis Bank again features

in Forbes Asias FAB 50
list

Axis Bank which is Indias third largest private

bank has once again
been featured in Forbes Asias FAB 50 list of

2014. The FAB 50

comprises of the best of Asia-Pacifics biggest
publicly traded
companies.

7th

SBI launches multicurrency international

debit card

State Bank of India (SBI) in tie-up with

MasterCard recently launched
its first multi-currency international debit card
which allow customers
to use a single card to pay in multiple currencies.
To begin with, the
prepaid debit card will enable customers to load
four currencies US dollar, Euro, Great Britain
Pound and Singapore
Dollar.

7th

8th

WTI and TCL signed

MoU to setup Indias
first Coral Garden in
Gujarat

Wildlife Trust of India (WTI) and Tata Chemicals

Limited (TCL) have
signed an MOU to set up Indias first of its kind
Coral Garden in
Gujarat. This Coral Garden will be set up at
Mithapur coastal region of
Devbhoomi-Swarka district of Gujarat. As per the
plan, the coral garden
will be helpful in conserving several coral species
at one place and
will also boost tourism in the State.

India, Germany to
cooperate in skill
development, river
cleaning

India and Germany agreed to prepare a roadmap

for cooperation in skill
development, solid waste management and
cleaning of rivers as visiting
Foreign Minister Frank Walter Steamier met PM
Narendra Modi who
described the two nations as "made
for each other".

9th

RBI has decided to fix the maximum age for

Managing Directors and Chief
Executive Officers in private sector banks at 70.
As per Companies
RBI sets 70 years as upper Act, 2013 "no company shall appoint or continue
the employment of any
age limit for MD, CEO of
person
as
Managing Director, Whole Time
pvt banks
Director or Manager who is below
the age of 21 years or has attained the age of 70
years. RBI has
extended the same rules to private banks too.

9th

Indian scientist Kamal Bawa, a distinguished

professor of biology at the
University of Massachusetts in Boston, has won
the 2014 Midori Prize in
Biodiversity for his research, including in climate
change in the
Himalayas.

10th

10th

11th

Scientist Kamal Bawa

gets 2014 Midori Prize in
Biodiversity

ICICI
Bank, has announced its Cardless Cash Withdrawal
service which will
allows its customers to transfer money from their
account to anyone in
ICICI Bank offers Card
India with a mobile number. Then the recipient will
less Cash Withdrawal at
be allowed to
ATMs
withdraw money round the clock without using a debit
card from over
10,000 ATMs of ICICI Bank across the country.

4. First
kisan mandi outside
APMC coming up in
Delhi

Meghalaya Governor
to take additional
charge of Manipur,
Mizoram

Indias
first Mandi for trading in fruit and vegetables outside
the
jurisdiction of an Agriculture Produce Marketing
Committee (APMC) will
be set up in Delhi. It is likely to function from the end
of November.
Meghalaya
Governor Dr. Krishan Kant Paul has been asked to
discharge the the
functions of the Governor of Manipur and Mizoram, in
addition to his own
duties. Thus now Mr Paul is discharging the duties

of Governorship in
three States.
Earlier
President Pranab Mukherjee today accepted the
resignation of Vinod Kumar
Duggal, as the Governor of Manipur and Mizoram

11th

11th

Govt sets up panel to

review environment
laws

Subhash Chandra Garg

appointed as World
Bank ED

The
four-member panel, headed by former Cabinet
Secretary T S R Subramanian,
has been asked to review five key green laws
concerning protection and
conservation of environment, forest, wildlife, water
and air among
others
Senior
IAS officer Subhash Chandra Garg was today
appointed as Executive
Director (ED) in World Bank.