BestGuru e Magazine May 2014

8/11/2019 BestGuru e Magazine May 2014

1/28

Always Visit: BestGuru.com & AllBankingSolutions.com


2/28

Abbreviations

Awards

BooksandAuthorsinNews

Persons

in

News

PlacesinNews

ImportantDaysCelebrated

Sports

DefenseUpdates

Snippets

BankingandEconomicNews

by


Rajesh Goyal


3/28

Links for Latest Updates

Test Papers Current Affairs May 2014 (Part 1) Test Papers Current Affairs May 2014 (Part 2)

Latest Who's Who of India List of Cabinet and State Ministers(as on 27th May 2014)

Important Heads of International Organizations(Latest) Important Heads of National Organizations (Latest)

Financial Awareness Exercise No. 001 on Current Policy

Rates


Financial Awareness Exercise No. 002 on Whos Who ofFinancial Sector
http://www.bestguru.com/test-papers-current-affairs-may-2014-part-1/http://www.bestguru.com/test-papers-current-affairs-may-2014-part-2/http://www.bestguru.com/latest-whos-india/http://www.bestguru.com/list-cabinet-state-ministers/http://www.bestguru.com/important-heads-international-organizations/http://www.bestguru.com/important-heads-national-organizations-2/http://www.bestguru.com/latest-policy-rates/http://www.bestguru.com/latest-policy-rates/http://www.bestguru.com/latest-whos-who-quiz/http://www.bestguru.com/latest-whos-who-quiz/http://www.bestguru.com/latest-whos-who-quiz/http://www.bestguru.com/latest-whos-who-quiz/http://www.bestguru.com/latest-policy-rates/http://www.bestguru.com/latest-policy-rates/http://www.bestguru.com/important-heads-national-organizations-2/http://www.bestguru.com/important-heads-national-organizations-2/http://www.bestguru.com/important-heads-international-organizations/http://www.bestguru.com/list-cabinet-state-ministers/http://www.bestguru.com/latest-whos-india/http://www.bestguru.com/test-papers-current-affairs-may-2014-part-2/http://www.bestguru.com/test-papers-current-affairs-may-2014-part-1/


4/28

Abbreviations


Abbreviation

FullForm

of

Abbreviation

AAA AmericanAssociationofAnatomists

AAPI AsianAmericanandPacificIslanders

ACM AssociationforComputingMachinery

ASBA ApplicationSupportedbyBlockedAmounts

ASEAN AssociationofSoutheastAsianNations

BBPS

BharatBill

Payment

Services

BHAVINI BhartiyaNabhikiyaVidyutNigamLimited

BRICS Brazil,Russia,India,China,SouthAfrica

BTIA BoardbasedTradeandInvestmentAgreement

BVR BeyondVisualRange

BWA BroadbandWirelessAccess

CASA CurrentAccounts&SavingAccounts

CICA ConfrenceonInteractionandConfidenceBuildingMeasuresinAsia

CPIL CentralforPublicInternetLitigation

DGAD DirectorateGeneralofAntidumpingandAlliedDuties

DGCEI DirectorateGeneralofCentralExciseIntelligence

DSPEA DelhiSpecialPoliceEstablishmentAct

DTA DoubleTaxationAgreement

EEC ExclusiveEconomicZone

ETIM EastTurkestanIslamicMovement

FCCB ForeignCurrencyConvertibleBonds

FIA FederationofIndianAirlines

FII ForeignInstitutionalInvestors


5/28

FPI ForeignPortfolioInvestors

FTIL FinancialTechnologiesIndiaLimited

GDR GlobalDepositoryReceipt

GIRO

General

Interbank

Recurring

Order

IARC InternationalAgencyforResearchonCancer

IBMA IndianBullion,MarketsAssociation

IBSA India,Brazil,SouthAfrica

ICSI InstituteofCompaniesSecretariesofIndia

IIA

Indian

Institute

of

Astrophysics

IIFA InternationalIndianFilmAcademy

IISER IndianInstituteofScienceEducationandResearch

IUCN InternationalUnionforConservationofNature

MERS MiddleeastRespiratorySyndrome

MGPSY MahatmaGandhiPravasiSurakshaYojana

NIAID NationalInstituteofAllergyandInfectiousDiseases

NPCI NationalPaymentsCorporationofIndia

NPCI

NationalPayments

Corporation

of

India

OECD Organisationfor EconomicCooperationandDevelopment

PCA PreventionofCorruptionAct

PHEIC PublicHealthEmergencyofInternationalConcern

PPO PensionPaymentOrder

SAARC SouthAsianAssociationforRegionalCooperation

SACU SouthAfricaCustomsUnion

SIAM SocietyofIndianAutomobileManufacturers

SIMBE SingaporeIndianMaritimeBilateralExercise

SOD SuperOxideDismutase



6/28

AWARDS

(The below is the list of all the main awards given since January, 2014. In case

list of the awards is long, we have given a link which can be used to view the full

list of the awardees)


AcademyAwards/Oscar

AwardsSeeOscarAwards SeeOscarAwards

AsianAwards 2014MahendraSinghDhoniwontheAsianAwardfor

outstandingachievementinsportsinUK.

BAFTAawards 67th Clickheretoviewfulllist

BharatRatnaAwards Awardedin2014

Govt.announcedawardingofBharatRatnato

SachinTendulkar(Crickter);Prof.C.N.R.Rao

(Scientist)inNovember2013.Thesamewere

presented

to

both

of

them

in

February

2014.

BraveryAwards Awardedin2014 SeebelowNationalBraveryAwards

DadasahebPhalkeAward 2013Gulzar(Realname SampoornaSingh)hasbeen

choosenfortheaward.Heisaveteranpoetand

filmlyricist.

FeminaMissIndia 2014KoyalRanafromJaipurwontheMissIndia

crownatthe51steditionofthebeautypageant

GDBirlaAward 2013/23rdAward Dr.RajeshGopakumar,atheoraticalphysicist

GallantryAwards(These

includeParamVirChakra,

MahavirChakraVirChakra,

AshokChakraKirti

Chakra,etc.)

Awardedin2014 Clickheretoviewfulllist
http://www.bestguru.com/oscar-awards-academy-awards-2014/http://www.bestguru.com/oscar-awards-academy-awards-2014/http://www.bestguru.com/oscar-awards-academy-awards-2014/http://www.bestguru.com/oscar-awards-academy-awards-2014/http://www.bestguru.com/oscar-awards-academy-awards-2014/http://www.bestguru.com/67th-bafta-awards-2014/http://www.bestguru.com/67th-bafta-awards-2014/http://www.bestguru.com/67th-bafta-awards-2014/http://www.bestguru.com/67th-bafta-awards-2014/http://www.bestguru.com/67th-bafta-awards-2014/http://www.bestguru.com/67th-bafta-awards-2014/http://www.bestguru.com/67th-bafta-awards-2014/http://www.bestguru.com/67th-bafta-awards-2014/http://www.bestguru.com/67th-bafta-awards-2014/http://www.bestguru.com/67th-bafta-awards-2014/http://www.bestguru.com/67th-bafta-awards-2014/http://www.bestguru.com/national-bravery-awards-2014/http://www.bestguru.com/national-bravery-awards-2014/http://www.bestguru.com/national-bravery-awards-2014/http://www.bestguru.com/national-bravery-awards-2014/http://www.bestguru.com/national-bravery-awards-2014/http://www.bestguru.com/national-bravery-awards-2014/http://www.bestguru.com/national-bravery-awards-2014/http://www.bestguru.com/national-bravery-awards-2014/http://www.bestguru.com/national-bravery-awards-2014/http://www.bestguru.com/gallantry-awards-announced-65th-republic-day-2014/http://www.bestguru.com/gallantry-awards-announced-65th-republic-day-2014/http://www.bestguru.com/gallantry-awards-announced-65th-republic-day-2014/http://www.bestguru.com/gallantry-awards-announced-65th-republic-day-2014/http://www.bestguru.com/gallantry-awards-announced-65th-republic-day-2014/http://www.bestguru.com/gallantry-awards-announced-65th-republic-day-2014/http://www.bestguru.com/gallantry-awards-announced-65th-republic-day-2014/http://www.bestguru.com/gallantry-awards-announced-65th-republic-day-2014/http://www.bestguru.com/gallantry-awards-announced-65th-republic-day-2014/http://www.bestguru.com/gallantry-awards-announced-65th-republic-day-2014/http://www.bestguru.com/gallantry-awards-announced-65th-republic-day-2014/http://www.bestguru.com/gallantry-awards-announced-65th-republic-day-2014/http://www.bestguru.com/national-bravery-awards-2014/http://www.bestguru.com/67th-bafta-awards-2014/http://www.bestguru.com/oscar-awards-academy-awards-2014/


7/28


GandhiPeacePrize/

InternationalGandhiPeace

Prize

2013 ChandiPrasadBhatt,aGandhianand

environmentalistwhoisalsoapoineerofChipko

Movement.

GoldmanEnvironmentalPrize 2014 RameshAgrawal

GreenNobel 2014 Mr.RameshAgarwal,wontheprestigiousGoldmanEnvironmentalPrize,popularlyknown

asGreenNobel,onApril28,2014forscappinga

proposedcoalmineinChhattisgarh.

IIFAAwards

(International

IndianFilmAcademy

Awards)

15th

Best Picture - Bhaag Milkha Bhaag

Best Direction - Rakeysh Omprakash Mehra

(For Bhaag Milkha Bhaag)

Best Actor - Farhan Akhtar (for Bhaag

Milkha Bhaag)

Best Actress - Deepika Padukone (for

Chennai Express)


8/28


InternationalGandhi

Award

2013 (1)Dr.VijayakumarVinayakDongre(2)Prof.

GuochengZhang(PranabMukherjeeon15

February,2014 presentedtheInternational

GandhiAwardfortheyear2013)

InternationalWomenof

CourageAward

2014 Laxmi,avictimofacidattackandstandard

bearerforthemovementtoendacidattacks.

KirtiChakra

Awarded

in

2014

Click

here

to

view

full

list

M.S.SubbulakshmiAward 2014Ms.MathangiSathyamurthy,Karnataka

musicianwasselected forM.S.Subbulakshmi

Award

MahatmaGandhi

InternationalAwardfor

PeaceandReconciliation

(MAGI)

2012 Dr.KennethKaunda

MoortideviAward Awardedin2014 Clickheretoviewfulllist

MostEfficientNavratna

Award20132013

HindustanAeronauticsLtd(HAL)receivedthe

MostEfficientNavratnaAward fortheyear

2013atthefifthDalaiStreetInvestmentJournal

AwardsnightheldinNewDelhionApril2,2014.

Theawardswerepresentedto thevarious PSUs

indifferentcategoriesinrecognitionoftheir

performanceandcontributiontotheIndian

economy.

NationalBraveryAwards Awardedin2014 Clickheretoviewfulllist

NationalCommunal

HarmanyAward2013

(a)TheCenterforStudyofSocietyand

Secularism,Mumbai,

was

on

25

January,

2014,

selectedfortheNationalCommunalHarmony

Award2013intheorganisationcategory.(b)

MohinderSinghofDelhi. (C)N.Radhakrishanof

Keralahavebeenselectedfortheawardinthe

individualcategory.
http://www.bestguru.com/gallantry-awards-announced-65th-republic-day-2014/http://www.bestguru.com/gallantry-awards-announced-65th-republic-day-2014/http://www.bestguru.com/gallantry-awards-announced-65th-republic-day-2014/http://www.bestguru.com/gallantry-awards-announced-65th-republic-day-2014/http://www.bestguru.com/gallantry-awards-announced-65th-republic-day-2014/http://www.bestguru.com/gallantry-awards-announced-65th-republic-day-2014/http://www.bestguru.com/gallantry-awards-announced-65th-republic-day-2014/http://www.bestguru.com/gallantry-awards-announced-65th-republic-day-2014/http://www.bestguru.com/gallantry-awards-announced-65th-republic-day-2014/http://www.bestguru.com/gallantry-awards-announced-65th-republic-day-2014/http://www.bestguru.com/gallantry-awards-announced-65th-republic-day-2014/http://www.bestguru.com/moorti-devi-award/http://www.bestguru.com/moorti-devi-award/http://www.bestguru.com/moorti-devi-award/http://www.bestguru.com/moorti-devi-award/http://www.bestguru.com/moorti-devi-award/http://www.bestguru.com/moorti-devi-award/http://www.bestguru.com/moorti-devi-award/http://www.bestguru.com/moorti-devi-award/http://www.bestguru.com/moorti-devi-award/http://www.bestguru.com/moorti-devi-award/http://www.bestguru.com/moorti-devi-award/http://www.bestguru.com/national-bravery-awards-2014/http://www.bestguru.com/national-bravery-awards-2014/http://www.bestguru.com/national-bravery-awards-2014/http://www.bestguru.com/national-bravery-awards-2014/http://www.bestguru.com/national-bravery-awards-2014/http://www.bestguru.com/national-bravery-awards-2014/http://www.bestguru.com/national-bravery-awards-2014/http://www.bestguru.com/national-bravery-awards-2014/http://www.bestguru.com/national-bravery-awards-2014/http://www.bestguru.com/national-bravery-awards-2014/http://www.bestguru.com/national-bravery-awards-2014/http://www.bestguru.com/national-bravery-awards-2014/http://www.bestguru.com/moorti-devi-award/http://www.bestguru.com/gallantry-awards-announced-65th-republic-day-2014/


9/28

NationalFilmAwards 61st(2013) Clickheretoviewfulllist

NationalFilmfareAwards59th(awardedin

2014)Clickheretoviewfulllist

OscarAwards/Academy

Awards86th(2014) Clickheretoviewfulllist

PadamBhusan Awardedin2014 Clickheretoviewfulllist

PadamShri Awardedin2014 Clickheretoviewfulllist

PadmaVibhushan Awardedin2014 Clickheretoviewfulllist

PulitzerPrize 2014IndiabornpoetVijaySeshadrihaswonthe

PulitzerPrizefor3Sections,acollectionof

poems.

SahityaAkademiAwards 2013 Clickheretoviewfulllist

SangeetNatakAkademi

Award

for

theatre

personality

2013

AkademiRatna,theFellowship,wasconferred

onDr.KanakRele,R.Sathyanarayana,and

MaheshElkunchwar.

(Click

here

to

view

full

list)

SaraswatiSamman 2013Mr.GovindMishra,HindiAuthorforhisbook

DhoolPaudhoPar.

VyasSamman

presented

2013

EminentHindiwriterVishwanathTripathiwas

on5February,

2014

selected

for

the

prestigious

VyasSammanfortheyear2013.

YaleLiteraryAward 2014 PankajMishraalongwithsevenotherwriters

havewonthisawardfortheirliterary

achievements

http://www.bestguru.com/61st-national-film-awards/http://www.bestguru.com/61st-national-film-awards/http://www.bestguru.com/61st-national-film-awards/http://www.bestguru.com/61st-national-film-awards/http://www.bestguru.com/61st-national-film-awards/http://www.bestguru.com/61st-national-film-awards/http://www.bestguru.com/61st-national-film-awards/http://www.bestguru.com/61st-national-film-awards/http://www.bestguru.com/61st-national-film-awards/http://www.bestguru.com/61st-national-film-awards/http://www.bestguru.com/61st-national-film-awards/http://www.bestguru.com/59th-filmfare-awards/http://www.bestguru.com/59th-filmfare-awards/http://www.bestguru.com/59th-filmfare-awards/http://www.bestguru.com/59th-filmfare-awards/http://www.bestguru.com/59th-filmfare-awards/http://www.bestguru.com/59th-filmfare-awards/http://www.bestguru.com/59th-filmfare-awards/http://www.bestguru.com/59th-filmfare-awards/http://www.bestguru.com/59th-filmfare-awards/http://www.bestguru.com/59th-filmfare-awards/http://www.bestguru.com/59th-filmfare-awards/http://www.bestguru.com/oscar-awards-academy-awards-2014/http://www.bestguru.com/oscar-awards-academy-awards-2014/http://www.bestguru.com/oscar-awards-academy-awards-2014/http://www.bestguru.com/oscar-awards-academy-awards-2014/http://www.bestguru.com/oscar-awards-academy-awards-2014/http://www.bestguru.com/oscar-awards-academy-awards-2014/http://www.bestguru.com/oscar-awards-academy-awards-2014/http://www.bestguru.com/oscar-awards-academy-awards-2014/http://www.bestguru.com/oscar-awards-academy-awards-2014/http://www.bestguru.com/oscar-awards-academy-awards-2014/http://www.bestguru.com/oscar-awards-academy-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/sahitya-akademi-awards-2013/http://www.bestguru.com/sahitya-akademi-awards-2013/http://www.bestguru.com/sahitya-akademi-awards-2013/http://www.bestguru.com/sahitya-akademi-awards-2013/http://www.bestguru.com/sahitya-akademi-awards-2013/http://www.bestguru.com/sahitya-akademi-awards-2013/http://www.bestguru.com/sahitya-akademi-awards-2013/http://www.bestguru.com/sahitya-akademi-awards-2013/http://www.bestguru.com/sahitya-akademi-awards-2013/http://www.bestguru.com/sahitya-akademi-awards-2013/http://www.bestguru.com/sahitya-akademi-awards-2013/http://www.bestguru.com/sahitya-akademi-awards-2013/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/padma-awards-2014/http://www.bestguru.com/oscar-awards-academy-awards-2014/http://www.bestguru.com/59th-filmfare-awards/http://www.bestguru.com/61st-national-film-awards/


10/28

Books and Authors in News in May 2014


NameoftheBooks AuthorsName

100ThingstoKnowandDebate

BeforeYou

Vote

HindolSegupta

AStampisBorn CRPakrashi

Aavarana TheVeil SIBhyrappa

Ambedkar AwakeningIndia's

SocialConscience

NarendraJadhav

AnUndocumnetedWonder:

TheMakingoftheGreatIndian

Election

SYQuraishi

AnticipatingIndia

the

Best

of

NationalInterest

ShekharGupta

ArcticSummer DamanGalgut

ArcticSummer DamonGalgut

CapitalintheTwenty First

Century

ThomasPiketty

CentralTime RanjitHoskote

Centrestage

Insidethe

NarendraModiModelof

Governance

UdayMahurkar

EMailRevolution VAShivaAyyadurai

FamilyLife AkhilSharma

HardChoices HillaryRodhamCliton

MyYearswithRajivandSonia RDPradhan

RedesigningtheAeroplane

WhileFlying

:Reforming

Institutions

ArunMaira

Shivaji:TheRealHero BrijeshMogre

Smash&Grab Annexationof

Sikkim

SunandaKDatta Ray


11/28

TheAccidentalPrimeMinister

TheMakingandUnmakingof

ManmohanSingh

SanjayaBaru

Thecandidate AnirudhBhattacharyya

TheDisrupter ArvindKejriwal

andtheAudaciousRiseofthe

AamAadmi

GautamChikermanewithSoma

Banerjee

TheFictionofFactFinding

ModiandGodhra

ManojMitta

TheGoldfinch DonnaTartt

TheHimalayanFace Off ShishirGupta

TheLast

Word

Hanif

Qureishi



12/28

PERSONS IN NEWS


Nameoftheperson Whyinnews

AnandibenPatel Shehasbeenappointedasthe15thChiefMinisterofGujarat.

SheisthefirstwomanC.M.oftheState.

Dr.KVijayRaghavan TheSecretaryoftheDepartmentBiotechnology(DBT),

governmentofIndia,Dr.KrishnaswamyVijayRaghavanelecteda

foreignassociateoftheUSNationbalAcademyofSciences

(USNAS)inMay2014.

EhudOlmert ForthefirsttimeinIsrael'shistory,acourtsentencedtheformer

PrimeMinistertosixyearsinprisonforcorruptpracticesina

realestateprojoct.Hewasalsofined3lakh USDollarbyaTel

AvivCourt. In1973,hebecametheyoungestpersonever

electedtoIsrael'sParliamentandservedasPrimeMinisterfrom

2006to2009.

HosniMubarak FormerPresidentHosniMubarakhasbeensentencedtothree

yearsin

prison

after

finding

him

guilty

of

embezzling

public

funds. His twosons, AlaaandGamal,werealsoconvictedand

givenfouryearterms.

JitanRamManjhi HehasbeenappointedasthenewChiefMinisterofBihar.

JusticeB.S.Chauhan HehasbeenappointedtheChairmanoftheCauveryWater

DisputesTribunal.

KristinLund MajorGeneralKristinLund,ofNorway,inMay,2014becamethe

firstwomanevertoserveasForceCommanderinaUnited

Nationspeacekeeping

operation.

She

will

lead

the

UN

PeacekeepingForceinCyprus.

Lt.Gen.DalbirSingh

Suhag

HehasbeenappointedasthenextArmyChiefafterGeneral

BikramSingh retiresinJuly,2014.


13/28


ManmohanSingh DrManmohanSinghinMay,2014tenderedhisresignationwith

arequesttodissolvethe15th LokSabha.PresidentPranab

Mukharjeeacceptedhisresignationtopavewayforthe

formationofnewgovernmentledbyNarendraModi.

Mr. AhmedMaiteeq HehasbeenappointedastheyoungestPrimeMinisterofLibya.

Mr.PeterMutharika HehasbeenappointedasthePresidentofMalawiinMay2014.

NabamTuki HehasbeensworninastheeighthChiefMinisterofArunanchal

PradeshforthesecondconsecutiveterminMay,2014.

NarendraModi HehasbeenappointedasPrimeMinisterofIndia usheringina

neweraofanonCongressgovernmentwithanabsolute

majorityonits own.

NaveenPatnaik HehasbeenappointedastheChiefMinisterofOdishaforthe

fourthconsecutiveterminMay,2014

NitishKumar BiharChiefMinisterNitishKumarresigned, afterhisparty

JD(U)'spoorshowintheLok Sabhaelections.The partyhas

managedtogetjust2seatsoutof40LokSabhaseatsinthe

state.

NripendraMishra HehasbeenappointedasthePrincipalSecretarytoPrime

MinisterMr.NarendraModiinMay2014,soonhonable

PresidentpromulgatedanordinanceamendingtheTelecom

RegulatoryAuthorityAct1997,toenable the formerChairman

ofthe regulatorybodytotakeupemploymentwiththe

government.

PawanChamling HehasbeensworninasSikkimChiefMinisterfortherecordfifth

consecutivetime.

In

power

since

December

12,

1994.

RajivMathur HehasbeenappointedastheChiefInformationCommissioner

(CIC)byPresidentPranabMukherjeeinMay,2014.


14/28

RussiMody RustomjiHormusji(Russi)Mody,fondlycalledGrandOldManof

Steel,passedawayinMay2014inKolkata.

YingluckShinawatra AThaicourthasorderedPrimeMinisterYingluckShinawatraand

severalCabinetMinisterstostepdowninMay2014.The

country'sConstitutional

Court

found

Yingluck

violated

the

constitutionwhenshedismissedtheNationalSecurityCouncil

Chiefin2011.



15/28

Places in News


NameofthePlace WhereLocated Whyplacewasinnews

Badakhshan Afghanistan HundredsofpeopleofAabeBarikvillageinBadakhshanprovinceofAfghanistanwere

killedinadevastatinglandslide.Nearly300

housesalongwiththeirinhabitantswere

buriedalivethemudandrubblewhena

wholemountainsidecollapsedoverthe

village.

Chibok Nigeria Thecountry'sBokoHarmanIslamicmilitantsabducted223schoolgirlsfrom

theirboardingschoolinApril2014inthe

townofChibokinnortheasternBorno

state.TheAfricanleaders,summitinParis

has agreedtowageawaragainstBoko

HarmanIslamicmilitantsandhasagreedto

shareintelligenceandtocoordinateaction

againstthegroup.AnAmericanspecialist

teamhasalsoarrivedinNigeriatohelpfind

andfree

school

girls.

Donetsk Ukraine Theselfproclaimedheadofthe"People'srepublicofDonetsk"ineasternUkraine,

DenisPushilin,hasdeclaredtheregiona

sovereignstateandaskedRussiato

consider allowingittoaccede.Pushilinwas

speakingafterheclaimed89percentofthe

peopleintheregionsupported

independenceintherecentreferendum,

whichwasslammedasillegalandasafarce

byboth

the

West

and

Kiev.


16/28


Galapagos Ecuador Ecuadorhasdeclaredanemergency intheislandafterapetroltankerranaground

there,whichposesathreattothe

archipelago'sfragileecosystem. Theship's

cargowasemptied,buttheauthoritiessaid

pollutants,likemotoroil,insidethevessel

couldspillandcauseenvironmentdamage.

TheGalapagosarehometouniqueanimal

speciessuchasthegianttortoise,marine

iguanaandflightlesscormorant.In1978,

thechainofvolcanicislandsweredeclared

aWorldHeritageSitebytheUNESCO.

Herat Afghanistan TheIndianConsulateinthisprovinceofthisproAfghanistanwasattackedbyheavily

armedgunmen,who werealso carrying

rocket

propelled

grenades.

Brave

ITBP

(Indo

TibetanBorderPolic)personalandAfghan

soldiersrebutattackers.Allthe Indiastaff

aresafe.Indiahasinvestedinsomemajor

infrastructureprojectsinAfghanistanlike

SalmahydroelectricdaminHeratprovince

andtheAfghanparliamentbuildingin

Kabul.India'sdevelopmentassistance

programmeforAfghanistancurrentlystands

atUSD2bn,makingittheleadingdonar

nationamongallregionalcountries.

Johannesburg SouthAfrica Thefirstfullfledgedgurudwaraistobebuiltherefollowinganeightyearbattle

withmainlywhiteSouthAfricanresidents

ofanupmarketsuburb.Thegurudwarahas

beenrunonatemporarybasissofar.But

nowcityofJohannesburghasagreedto

rezonethepropertytoallowconstructionof

aplaceofworship.

TamilNadu

India

Sixworkers

were

injured

when

hot

water

spilledfromavalveatKudankulamnuclear

powerplant,situatedinTamilNadu,inMay

2014.


17/28

Turkey Asia Thecountrydeclaredrescueoperationsover,followingthe devastatingcoalmine

blast,thecountry'sworsteverindustrial

disaster,afterretrievingthebodiedoftwo

lasttrappedminers,bringingthefinaldeath

toll

301.

A

total

of

485

miners

were

rescued

alive.Apreliminaryexpertreportonthe

accidentpointedtoseveralsafetyviolations

inthemine,includingashortageofcarbon

monooxidedetectorsandceilingsofwood

insteadofmetal.

Vietnam Vietnam Inthecountry,thousandsofantichinaprotestershavegoneontherampagein

southernpartofthecountry,damagingand

settingfiretfactories.Theywereprotesting

at

China's

deployment

of

an

oil

rig

in

an

areaofSouthChinaclaimedbyboth

VietnameseenvoystoTaipeitoexpress

seriesconcern.



18/28

Important Days Celebrated In May 2014

Date CelebratedAs

1May InternationalLabour/WorkersDay

3May PressFreedomDay/WorldAsthmaDay

4May CoalMinersDay

8May WorldRedCrossDay

9May WorldThalassaemiaDay

10May,11May WorldMigratoryBirdDay

11May NationalTechnologyDay

12May InternationalNursesDay

15May InternationalDayoftheFamily

17May WorldTelecommunicationDay

18May WorldMuseumDay

19May BhashaShahidDiwas(India)

24May CommonwealthDay

31May AntiTobaccoDay

2ndSunday

of

May

World

Mother's

Day

(in

2014

it

will

celebrating

on

11

05

2014)

SecondSundayof

February

WorldMarriageDay(In2014itwascelebratedon09022014)

21May AntiTerrorismDay/WorldDayforCulturalDiversityfor

Dialogue&Development



19/28

Sports

(The below is given the winners of all the major sports events since January 2014)

NameofTrophy Month/Year WinnerNameof

SportWhereheld

AsianGrandPrixArchery

Championship

Mar14 Indiawonthe

threegoldthree

silversandthree

Bronzemedals,

therebytopping

thetally.

Archery Bangkok

AustarlianOpen 2014 Men'sSingles

StanislasWawrinka

(Switzerland);

Women'ssingle Li

Na(China)

Tennis Melbourne

(Australia)

NationalBasketball

Championship

March2014

(64th)

Tamilnaduwonthe

Menstitlewhere

asChhatisgardh

wonthewomens

title.

Basketball NewDelhi

NationalSnooker

Championship

Mar14 PankajAdwaniand

VidyaPillaiwon

theMens

and

Womenstitle

respectively.

Snooker Lucknow

RanjiTrophy 2014 KarnatakaState.

Manofthematch

titlewasgivento

K.H.Rahul.

Cricket Hyderabad

SnookerWorld

Championships

May2014 MarkSelby(U.K) Snooker Sheffield,

England

ThomasCup May2014 Japan Badminton NewDelhi

UberCup

May

2014

China

Badminton

New

Delhi

WorldTwenty20(Mens) 2014 SriLanka Cricket Bangladesh

WorldTwenty20

(Womens)

2014 Australia Cricket Bangladesh



20/28

Defense Updates

Topic Headline Newsdetails

Astra

Missile

Indiasuccessfullytestfired

Astraairtoairmissile

IndiainMay,2014successfullytestfired

itsfirstindigenouslydevelopedairtoair

missileAstrafromaSU30combataircraft

overa firingrangeinthewesternsector.

Itis developedbyDRDOandisanall

weatherweaponssystem.

Akash

Akash

Successfully

Test

Fired

AgainLaunching

the

same

missile

for

the

second

consecutiveday,IndiainMay2014

successfullytestfired indigeneously

developedsurfacetoairAkashmissileas

partofausertrialfrom Integratedtest

Range(ITR)atChandipur,Odisha.



21/28

SNIPPETS

ThailandsarmyChiefannouncesmilitarycoup:

ThailandsarmyChiefGen.PrayuthChanochaannouncedamilitary

takeoverofthegovernmentinMay2014,sayingthatthecoupwas

necessarytorestorestabilityandorderaftersixmonthsofpolitical

deadlockandturmoil.

Chinasigns

30

year

deal

for

Russian

natural

gas:

Chinasignedalandmark$400billiondealinMay2014tobuynaturalgas

fromRussia. ThisbringsMoscowmoreclosetoBeijingatatimewhen

PresidentVladimirPutinsrelationswiththewesthavedeteriorated.

PresidentofChinaalsocalledforanAsiansecurityarrangementthatwould

includeRussiaandIranandexcludetheUnitedStates.

Swissvotersrejectworldshighestminimumwage:

InMay2014,Swissvotersrejectedtheproposalstointroducetheworlds

highestminimumwage.

PakistantestfiresnuclearcapablemissileHatfIII:

On8thMay,2014,Pakistansuccessfullytestfiredshortrangesurfaceto

surfaceballisticmissileHatfIII. Themissileiscapableofcarryingnuclear

andconventionalwarheadsuptoarangeof290kilometersthatcould

coverparts

of

India.


Worlds highestrailwaytunnelopensinChina:

TheworldhighesttunnelforhighspeedtrainsinnorthwestChinabecame

operationalon1May,2014atanaltitudeof3,607.4meters.


22/28

SCappointsMudgaltoprobeIPLscandal:

The

Supreme

Court

on

16

May,

2014

appointed

Justice

Mukul

Mudgal

to

probethespotfixingandbettingallegationsagainst13people,including

somecricketerswhoplayedtheIndianPremierLeague(IPL)2013,and

inactionbyBoardPresidentN.Srinivasan

SCallows raisingofwaterlevelinMullaperiyardam:

TheSupremeCourtallowedtheraisingofwaterlevelinMullaperiyardam

upto142feet. SCquashedthelawpassedbytheKeralaassemblyonthe

Mullaperiyardam.

The

SC

restrained

the

Kerala

government

from

implementingthelegislationandobstructingTamilNadufromincreasing

Waterlevel. SCalsosetupa3membercommitteeheadedbya Central

WaterCommissionmembertoensureproperrepairoftheMullaperiyar

dam.

SCbansJallikattuandbullockcartracing:

Inamajor

step

towards

protecting

animals

from

human

cruelty,

Supreme

Courtbannedthe popularpostharvestJallikattuorbullfightsinTamil

NaduandbullockcartracinginMaharastra,Punjabandother statesonthe

groundsthattheyviolatedprovisionsofthe50yearsoldPreventionof

CrueltytoAnimalsAct.

HarappangranaryfoundatRakhigarhiinHaryana:

Ateamofresearchershasfoundagranary,withwallsofmudbricks,which

arestill

in

remarkably

good

condition,

at

Rakhigarhi

village,

aHarappan

civilizationsite,inHaryana.


FundtoboostChinasmaritimeSilkRoaddevelopment:


23/28

ChinainMay,2014setupa10billionYuan($1.6billion)fundtotake

forwarditsambitiousMaritimeSilkRoadPlantobuildportsandboost

maritimeconnectivitywithSoutheastAsianandOceanLittoralcountries.

The10billionYuan(aroundRs.10,000crore)fundwillsupport

infrastructureprojects

under

the

umbrella

of

the

Silk

Road

plan.

NetherlandstopsPressFreedomIndex2014,India78

Globalpressfreedomhasfallentoitslowestlevelinoveradecade,

accordingtoPressFreedomIndex2014,releasedbyAmericanNGO

FreedomHouse. TheNetherlands,NorwayandSwedenretaintheirplaces

atthe

top

of

the

list

for

protecting

press

freedom.

China

maintains

the

worldsmostsophisticatedcensorshipapparatus.Indiaalsosawadeclinein

2013toreflectinterferenceincontentbymediaownersintherunupto

the2014elections.

BrazilissuesstampstohonorIndianCinema:

Brazil

in

May,

2014

paid

tribute

to

the

Indian

film

industry

on

its

centenary

byreleasingtwopostage stampsdesignedbyanIndian graphicdesignerat

acommemorativefestivalinBrasilia.Indiancinemacompleted100yearsin

2013.


16th

LokSabhaelections:

TheBhartiyaJanataParty(BJP)on16May,2014createdanelectoralrecord

bybecomingthefirstpartyin30yearstowinamajorityonitsowninthe

LokSabha. Thepartywon282seats,comfortabilityabovethehalfway

markof272inthe545membersLokSabha. TheallianceitleadsNational

Democraticalliance(NDA)has336seatsinthelowerhouseofthe

Parliament.


24/28

CBIcanprobewithoutCentresnod

Inalandmark

judgment,

Supreme

Court

gave

the

CBI

afree

hand

to

inquireintocorruptionchargesagainsttopbureaucratsbystrikingdowna

lawthatmandatedtheagencytoseektheCentrenodbeforeinvestigating

officersoftherankofjoinsecretaryandabove.

PresidentlaunchesIndiasowncardpaymentnetwork

RuPay:

PresidentPranabMukhaerjeeinMay,2014launchedIndiaownpayment

gatewayRuPayequivalentofVisaandMasterCard,whichwillworkon

ATMsandmerchantoutletsandhelpinreducingcashtransactions.

RuPayisthecoinageoftwotermsRupeeandPayment. RuPay,which

worksonthreechannelsATMs,PointofSales(POS)andonlinesales,is

theseventhsuchpaymentgatewayintheworld.

Worldto

have

3billion

Internet

users

by

years

end:

UN

TheUnitedNationsInternationalTelecommunicationsUnion(ITU) has

reportedthattherewillbenearlythreebillionInternetusers (twothirdof

themfromthedevelopingworld).Thiswillaccountsforabout40percentof

theworldspopulation.


Miners

Trapped

:

OnMay2013,hundredsofminersweretrappednearlyamile

undergroundsafteranexplosionandfirecutoff electricitytothedepthsof

acoalmine inSoma,Turkey.Theresultingdisasterhasnowbecomethe


25/28

worstinTurkishhistory,claimingthelivesof301workerswithnearly

another500escapingorbeingrescued.

Govt.Constitutes

SIT

to

Go

After

Black

Money:

ThenewUniongovernmentannouncedthesettingupofahighlevel

SpecialInvestigationTeam(SIT)tohelpunearthblackmoneystashedaway

abroadatthefirstmeetingoftheCabinet,presidedoverbyPrimeMinister

NarendraModi. TheSITwouldbeheadedbyformerSupremeCourtjudge

JusticeM.B.ShahandanotherretiredSupremeCourtjudgeArijitPasayat

wouldbeitsvicechairman.

TheSITwillhavehighprofilegovernmentofficialslikeRevenue

Secretary,DeputyGovernorofReserveBankofIndia,Director of

IntelligenceBureau,Directorof EnforcementDirectorate,Director,

CentralBureauofInvestigation,ResearchandAnalysisWingchief,

DirectorGeneralofRevenueIntelligence,ChairmanoftheCentralBoard

ofDirectTaxesandDirectorofFinancialIntelligence

TopTen

Priorities

of

the

Modi

Government

ThenewgovernmentledbyNarendraModihassetthefollowingtentop

priorities. Thefocusisongoodgovernancethroughtimebounddelivery.

Buildconfidenceinbureaucracy.

Welcomeinnovativeideasgivefreedomtobureaucratstowork.

Transparencyingovernment;eauctionwillbepromoted.

Education,health,water,energyandroadsarepriority.

Peopleorientedpolicyispriority.

Infrastructureandinvestmentreforms.

Systemtobeinplaceforinterministerialissues.

Economysconcernstobeaddressed.


Policiestobeimplementedintimeboundmanner


26/28

Stabilityandsustainabilityingovernmentpolicies.


IBExChiefAjitDovalisIndiasNewNSAFormerIntelligenceBureauChiefAjitDoval hasbeenappointedastheNationalSecurity

Adviser.


27/28

Banking and Economic News (May 2014)


Headlines DetailsSingapore

replaced

Mauritius

astop

sourcesof

FDIinIndia

NowSingaporehasreplacedMauritiusasthetopsourcesoffor

ForeignDirectInvestment(FDI)intoIndia. About25percentofFDI

inflowsin201314.Duringthelastfinancialyear,Indiaattracted$5.98

billioninFDIfromSingapore,whereasitwas$4.85billionfrom

Mauritius,asperthedataoftheDepartmentofIndustrialPolicyand

Promotion(DIPP).

RBIextends

loan

tenuresfor

exporters

to10years

ReserveBank

of

India

has

allowed

banks

to

provide

loans

of

tenures

upto10yearstoexporters. Existingnormsallowbankstogiveloans

foruptooneyearsonly.Thisfacilityisavailablewithcertain

conditions,includinganinterestratelimitof200basispointsabove

Libor,aglobalbenchmark. Besides,exportersreceivingloansof$100

millionorabove,needtoreportthetranslationimmediatelytothe

RBI.

Bhartiya

Mahila

Bank

includedin

second

scheduled

toRBIAct

BhartiyaMahilaBank,thecountrysfirstallwomenbank,was

includedin

the

Second

Schedule

of

the

RBI

Act.

Post

inclusion

in

the

secondscheduleorcommercialbankcategory,thelenderbecomes

eligibleforloansfromRBIonbankrateandalsoacquiresmembership

ofclearinghouses. BMBisInexistencesinceNovember2013and

startedwithaseedcapitalofRs.1,000crore. Oneofthekey

objectivesofthelenderistofocusonthebankingneedsofwomen

andpromoteeconomicempowerment.

RBIasks

bankstoinstall

disabled

friendly

ATMs

ReserveBankofIndiaforthebenefitofpersonswithdisabilities,made

itmandatoryinMay,2014forbankstoinstalltalkingATMswithBraillekeyboard. AllnewATMstobeinstalledbycommercialbanks

fromJuly2014onwardswouldhavetoprovideaudibleinstructions

andBraillekeyboardtocustomers.

RBIto RBIhasreportedthatplasticcurrencynoteswouldbelaunchedinthe


28/28

launch

plastic

notesnext

year

countryin2015afterfieldtrials.

RBIrestricts

useofECB

torepay

rupeeloans

ReserveBank

of

India

(RBI)

in

May,

2014

barred

local

companies

from

repayingrupeeloansusingdollarloansraisedoverseas. RBIsaid

companieswillnotbeallowedtoraiseExternalCommercial

BorrowingsfromoverseasbranchesandsubsidiariesofIndiabanksfor

thepurposeofrefinanceandrepaymentofrupeeloansincaseof

takeoutfinancing,infrastructurefinancingandspectrumallocation

andotherrepayments. Earlier,RBIrestrictedbanksfromissuing

guaranteestooffshorejointventuresandsubsidiariesofIndia

companiestoavailofforeigncurrencyloanstorepayrupeecredit.

RBIallows

minors

above 10

yearsto

openand

operate

banka/c

Toboost

financial

inclusion

RBI

issued

guidelines

whereby

banks

are

nowatlibertytoallowminorsabove10yearstoindependentlyopen

andoperatebankaccountsonlyalongwithaparentoraguardian. All

childrenandteenagersbelowtheageof18areconsideredminors

undercurrentrules.

BestGuru e Magazine May 2014

Documents

Transcript of BestGuru e Magazine May 2014