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Current Affairs

  • Cabinet Ministers
  • Union Home Ministry on 19 December 2014 issued guidelines to step up security in Schools in the wake of attack on an Army-run school in Peshawar.
  • Jakarta Governor Joko Widodo won the Indonesian presidential elections on 22 July 2014.
  • The Indian Contingent won five medals in 45th International Physics Olympiad (IPHO2014) held in Astana, Kazakhstan
  • Germany was ranked number One in the latest release of the FIFA's world rankings released on 17 July 2014.
  • 7th India-Brazil-South Africa (IBSA) summit will be held in New Delhi, India in 2015
  • Narendra Modi visited Brazil to attend the 6th BRICS Summit held in Fortaleza, Brazil form 15 July to 16 July 2014.
  • Om Prakash Kohli was sworn in as the Governor of Gujarat. He succeeds Kamla Beniwal who was transferred to Mizoram by the President of India.
  • Chief Minister of Tamil Nadu, Jayalalithaa launched Amma Salt, a product of Tamil Nadu Salt Corporation limited under the State Industries Department.
  • Narendra Modi dedicated India’s largest warship INS Vikramaditya to the nation. The ship was procured from Russia.
  • Maharashtra Assembly approved the Bill to amend the Dance Bar Prohibition Act. The amendment has prohibited dance bars across the state.
  • Lt Gen Amit Sharma was appointed as Commander-in-Chief of Strategic Forces Command
  • BHEL on 13 June 2014 commissioned 68 MW Unit at the Rampur Hydro Electric Project in Himachal Pradesh.
  • NCA gave approval to raise the height of Sardar Sarovar Dam on Narmada River in Kevadia to 138.68 meters and install of gates on it.
  • Reuven Ruby Rivlin on 10 June 2014 was elected as 10th president of Israel.
  • The National Bank for Agriculture and Rural Development (NABARD) on 9 June 2014 reduced the rate of interest by 20 basis points (bps)
  • KYC norms for opening bank account have been eased by RBI. Now single documentary proof of address can be used to open a bank account.
  • Former army chief Abdel Fattah el-Sisi was sworn-in as the President of Egypt in Cairo.
  • Petro Poroshenko was sworn-in as the President of Ukraine in Kiev.
  • Nara Chandrababu Naidu was sworn-in as the first Chief Minister of Andhra Pradesh after bifurcation.
  • 40th G-7 summit 2014 was held at Justus Lipsius building, Brussels at the Council of the European Union on 4 June 2014 – 5 June 2014.
  • Madhya Pradesh Government appointed Madhuri Dixit as the brand ambassador of maternal and child health campaign, Mamta Abhiyan.
  • Lithuania to become 19th country to adopt Euro as currency from 1 January 2015.
  • Canada’s Quebec became first province of the country to adopt legislation Right-to-Die. It allows doctor-assisted death to terminally ill patients.
  • Sanjay Kapoor was on 5 June 2014 appointed as Micromax Chairman.
  • Sumitra Mahajan was unanimously elected as Speaker of the 16th Lok Sabha.
  • Mukul Rahtogi becomes New Attorney General of India
  • U.K. Sinha becomes New Chariman of SEBI
  • Sanjay Kapoor was on 5 June 2014 appointed as Micromax Chairman.
  • Union Ministry of Environment and Forest launched the online environment clearances for industrial and infrastructure projects.
  • Queen of Britain on 5 June 2014 announced to introduce a new legislation bill Recall of Member of Parliament (M.P.) Bill.
  • President Bashar al-Assad of Syria won the Presidential election for the third time for seven-year term
  • India became the 2nd largest exporter of global textiles after China.
  • Union Rural Development Minister Gopinath Munde died in a road accident in Delhi
  • Wrestlers Yogeshwar Dutt and Sushil Kumar won Gold and Silver respectively in International Competition
  • Telangana became the 29th State of India with Hyderabad as its capital on 2 June 2014. Chandrashekhar Rao was sworn-in as the First Chief Minister of Telengana
  • Mahindra Group Chairman Anand G Mahindra on 29 May 2014 became the first Indian to receive the prestigious Harvard Medal.
  • Narendra Modi becomes 15th PM of India on 26 May,2014. India witnesses the largest oath ceremony at Rashtripati Bhawan comprising more than 4,000 people.
  • Singapore became the top source of foreign direct investment (FDI) into India.
  • TR Zeliang sworn-in as the new Chief Minister of Nagaland as the successor of Neiphiu Rio on 24 May 2014.
  • RBI allowed banks to provide loans with tenures of up to 10 years to exporters to help them ensure capital flows to fulfill long-term contracts
  • Indian Stock Market entered trillion dollar club on 20 May 2014.
  • RBI directed all new ATMs to be installed by commercial banks from July 2014 onwards would provide audible instructions and Braille keypads to customers.
  • Anandiben Patel was sworn-in as the first woman Chief Minister of Gujarat on 22 May 2014.
  • Snooker champion Chitra Magimairaj nominated for Arjuna awards announced by the Billiards and Snooker Association of India (BSFI).
  • Narendra Kumar Verma was selected as Managing Director of ONGC Videsh Ltd (OVL) by Public Enterprises Selection Board (PESB).
  • Bharatiya Mahila Bank included in the Second Schedule to the Reserve Bank of India Act, 1934 and became eligible for loans from RBI on bank rate.
  • Indian rupee becomes the best performing currency in Asia-Pacific region against US dollar so far in 2014.
  • President appointed Narendra Modi as Prime Minister. He will Oath on May 26.
  • Naveen Patnaik was sworn-in as Chief Minister of Odisha at the Raj Bhavan, Bhubaneswar
  • Pawan Chamling of SDF sworn-in as the Chief Minister of Sikkim for a record fifth consecutive time.
  • Montek Singh Ahluwalia resigned as the Deputy Chairman of Planning Commission of India on 17 May 2014.
  • India on May 8, launched its own payment gateway 'RuPay', equivalent of Visa and Mastercard, which will work on ATMs and mechant outlets and help in reducing cash transactions.
  • Union Cabinet of India Approved to Classify Malayalam as the Classical Language
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Banking Awareness

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  • GEP report of World Bank has revised down the economic growth forecast of developing world in 2014 to 4.8 percent from 5.3 percent
  • Reserve Bank has authorised three non-banking entities for setting up white label ATMs with a view to increase financial inclusion.
  • Canara Bank opened its seventh overseas branch in New York, USA after London, Leicester (UK), Hong Kong, Shanghai, Bahrain and Johannesburg.
  • Certificates of authorisation has been issued to BTI Payments Pvt Ltd, Srei Infrastructure Finance Ltd, and RiddiSiddhi Bullions Ltd.This is in addition to the four entities already authorised to operate as WLAs namely Tata Communications Payment Solutions, Prizm Payment Services Pvt. Ltd, Muthoot Finance Limited and Vakrangee Ltd.
  • One can invest into foreign stocks from 75,000 Us Dollar to 1.25 Lakh US Dollar
  • Bandhan Financial Services and IDFC have been given Banking License
  • According to RBI guidlines, a new bank must open at least 25% of its branches in rural areas.
  • Bhartiya Mahila Bank has been included in second schedule to RBI Act 1935
  • All new ATM’s installed from July 1, 2014 should be “talking ATMs” with Braille keypads
  • Raghuram Govind Rajan is the 23rd Governor of the Reserve Bank of India(RBI)
  • The RBI's directive came on its prior advice to banks to make bank branches and ATMs accessible to people with disabilities and make at least one-third of the new ATMs installed as talking ATMs with Braille keypads.
  • SBI Chairperson Arundhati Bhattacharya said that the RBI would issue guidelines allowing minors over 10 years to operate bank savings accounts independently and use facilities such as ATMs and cheque books.
  • The Reserve Bank of India constituted on 9 December 1991, a Committee under the Chairmanship of Shri P.R. Nayank, Deputy Governor to examine the difficulties confronting the small scale industries (SSI) in the country in the matter of securing finance.
  • RBI allowed banks to provide loans with tenures of up to 10 years to exporters to help them ensure capital flows to fulfill long-term contracts
  • The government should cut its stakes in state banks to below 50 per cent and establish "fully empowered" bank boards, the committee chaired by former Axis Bank Chief Executive P. J. Nayak propose.
  • Bandhan to start banking operations with 600 branches
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