CURRENT AFFAIR PART 3

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  • Carpet Export Promotion Council (CEPC) will hold 30th India Carpet Expo in October 2015 in Varanasi (Uttar Pradesh).
  • Central Statistics Office (CSO) released provisional estimates (PE) of national income for 2014-15 at constant (2011-12) and current prices -
  • At 125.4 lakh crore rupees, India is now the 10th Largest economy after crossing the 2 trillion USD Mark. However, 10.3 trillion USD China's economy is way ahead from India. USA is still at the top with 17.4 trillion USD Economy.
  • Gross Domestic Product (GDP) at constant prices in 2014-15 will grow at 7.3 % while at current prices it will grow at 10.5 %
  • In fourth quarter (Jan - Mar) 2014-15, GDP will grow at 7.5 % and at current prices it will grow at 7.7 %.
  • Gross national income will rise by 7.3 % in 2014-15 as compared to 6.8 % in 2013-14.
  • Per capita income (Constant Prices) in 2014-15 is 74104 rupees as against 69959 rupees in FY 2013-14.
  • Per capita income (current prices) in 2014-15 is 87748 rupees as compared to 80388 rupees in 2013-14.
  • Consumer price index has rises of 6.4 % during 2014-15.
  • Gross Fixed Capital Formation (GFCF) at current and constant prices during 2014-15 are 28.7 and 30.0 % , respectively as compared to 29.7 and 30.7 % in 2013-14.
  • Sector-wise
  • Over 7.0 % Growth in trade, hotels, transport, communication and broadcasting and related fields.
  • Agriculture, forestry and fishing, mining and quarrying, construction grew at 0.2 %, 2.4 % and 4.8 %
  • Third advance estimates of crop production show decline of 2.3 % in food grain production to 251.12 million tonnes (MT) as compared to second advance estimates.
  • China's National Development and Reform Commission (NDRC) released new action plan One Belt, One Road meant to establish new routes linking Asia, Europe and Africa.
  • It has two parts, a new Silk Road Economic Belt (SREB) linking China to Europe that cuts through mountainous regions in Central Asia and the Maritime Silk Road (MSR) to link China's port facilities with the African coast and push through Suez Canal into the Mediterranean Sea.
  • Chithirai Thiruvizha Festival is celebrated in Madurai (Tamil Nadu) during Tamil month of Chitirai in April. It is one of the longest celebrations of the world that lasts for one month. First 15 days of the festival is celebrated for Meenakshi, and next 15 days are celebrated for Alagar.
  • Committee headed by Vijay Kelkar for Revisiting & Revitalizing the PPP Model of Infrastructure Development submitted its Report.
  • Communication and IT Minister Ravi Shankar Prasad launched India Post's E-Commerce Centre in Delhi to cater the e-commerce business enterprises capable of handling 30000 parcels in a day.
  • Contribution of manufacturing MSME (Micro Small and medium enterprises) sector to GDP during 2008-09, 2009-10, 2010-11, 2011-12 & 2012-13 has been 7.52, 7.45, 7.39, 7.27 & 7.04 % of GDP respectively, as per GDP Data published by Central Statistics Office (CSO) of MOSPI (Ministry of Statistics and Programme Implementation).
  • Taking into account contribution of MSME services sector, which is approx 30.50% during 2012-13, share of MSME sector in GDP during 2012-13 has been total 37.54 % of GDP.
  • Cyriac Joseph appointed as interim chairperson of National Human Rights Commission (NHRC) replacing K.G. Balakrishnan (sixth and longest serving chairman of NHRC).
  • David Cameron has been re-elected as prime minister of Britain. His Conservative Party won 331 out of total 650 Seats.
  • David Granger appointed as eighth President of Guyana (Country in Caribbean coast of South America). He is Former Army Brigadier of Guyana.
  • Defence Minister of Vietnam, Phung Quang Thanh Visited India.
  • Delhi Government made Global Positioning System (GPS) mandatory in all public transport vehicles keeping in view security and safety of commuters, especially women.
  • Delhi Government tied up with Rotary Club for revamping government schools by upgrading sanitation and basic infrastructure facilities of drinking water and toilets.
  • Delhi government decided to launch Pay & Play Scheme to promote sports for all age groups in delhi.
  • Department of Telecommunications extended date of implementation of the full Mobile Number Portability (MNP) by two months (till 3 July 2015) on the basis of request made by the Cellular Operators Association of India (COAI).
  • Dharmendra Pradhan( Minister of State (Independent Charge) for Petroleum & Natural Gas) visited Mexico and Columbia for enhancing mutual cooperation in hydrocarbons.
  • Dilip Babasaheb Bhosale is appointed as Chief Justice of Hyderabad High court (Andhra Pradesh and Telangana) upon retirement of Kalyan Jyoti Sengupta.
  • Draupadi Murmu appointed as First Woman Governor of Jharkhand.
  • E-commerce firm Snapdeal acquired Hyderabad-based mobile technology startup MartMobi to strengthen its mobility platform.
  • Ecologists found a new species of fish called Pathia striata in Tunga River in Kudremukh National Park(Karnataka).
  • Eminent historian and social scientist Amalendu Guha passed away.
  • Eminent journalist Shri Amitabha Chowdhury Passed Away.
  • European Union (EU) approved empowering its naval forces to combat smugglers from Libya and tackle illegal migration.
  • External Affairs Minister Sushma Swaraj launched website of 10th World Hindi Conference (vishwahindisammelan.gov.in) to be held from Sep 10 - 12, 2015 in Bhopal (Madhya Pradesh). Theme of Conference will be Hindi Jagat: Vistar avm sambhavna. Previous conference was 9th World Hindi Conference held in Johannesburg, South Africa in September 2012.
  • Faure Essozimna Gnassingbe has been re-elected as President of Togo (West African). He has been president of Togo Since 2005.
  • Finance Ministry appointed committee under chairmanship of Justice Ajit Prakash Shah (head of 20th Law Commission of India) to look into issue of Minimum Alternate Tax (MAT) on Foreign Institutional Investors (FIIs) to resolve the contentious issue of MAT between the tax authorities and the foreign investors.
  • As per Finance Act 2015, 20 % MAT on Capital Gains made by FIIs is waived off from the financial year 2015-16.
  • However, the issue of imposing MAT for past years (till 2014-15) has become controversial as the FIIs raised objections to 68 notices (for 602 crores rupees) by International Taxation Wing of the Income Tax Department.
  • Finance Ministry made Permanent Account Number (PAN) mandatory for private firms seeking Central Excise Registration.
  • Finance minister Arun Jaitley Launched DD News mobile app as an agenda of Prasar Bharati, Doordarshan (DD) and All India Radio (AIR) to have more coverage and give facts.
  • Financial Indicators of 2014-15 (Based on Provisional Accounts for year ended on 31st March, 2015 )
  • Fiscal Deficit for 2014-15 is 4.0 % as against Target of 4.1 % of GDP (Rs. 5,01,880 crore )
  • Revenue Deficit for 2014-15 is 2.8% as Against Target of 2.9% of GDP (Rs.3,58,306 crore)
  • Gross Tax Collections During 2014-15 are Rs. 12,45,037 Crore (Growth of 9% as Compared to last year)
  • Tax Collections are 9.8% of GDP.
  • Devolution of tax collections
  • States - Rs.3,37,808 crores(higher than Rs.19,578 crore over previous year)
  • Non Tax Revenue - Rs.1,96,959 crore
  • Non Debt Capital Receipts including disinvestment - Rs.43,439 crore
  • Expenditure - Plan Expenditure is Rs.4,35,621 crore and Non-Plan Expenditure is Rs.11,91,140 crore
  • First Business Session of 48TH Annual Meeting of the Asian Development Bank (ADB) held in Baku(Capital of Azerbaijan). Finance Minister Arun Jaitley attended on India's Behalf.
  • First cow-urine refinery inaugurated at Pathmeda village in Jalore district of Rajasthan for research on the cow products.
  • Football Club Chelsea won Barclays Premier League 2014-15 defeating Crystal Palace.
  • Forbes list of World’s 100 Most Powerful Women of 2015 -
  • Top 10 powerful women -
  • 1 Angela Merkel (Germany)
  • 2 Hillary Clinton (USA)
  • 3 Melinda Gates (USA)
  • 4 Janet Yellen (USA)
  • 5 Mary Barra (USA)
  • 6 Christine Lagarde (France)
  • 7 Dilma Rousseff (Brazil)
  • 8 Sheryl Sandberg (USA)
  • 9 Susan Wojcicki (USA)
  • 10 Michelle Obama (USA)
  • Indian Women in the List - Arundhati Bhattacharya (30th - Chairperson of State Bank of India), Chanda Kochhar (35th - MD and CEO of ICICI Bank), Kiran Mazumdar-Shaw (85th - CMD of Biocon Limited), Shobhana Bhartia( 93rd - Editorial Director of Hindustan Times).
  • Forbes released Global 2000 Companies list of the world’s powerful companies as measured by revenues, profits and market value.
  • These 2000 companies are from 61 countries with combined revenues of 39 trillion USD, profits of 3 trillion USD, assets worth 162 trillion USD and market value of 48 trillion US dollar.
  • At the top is Industrial and Commercial Bank of China for third consecutive year. Bank of China jumped 5 spots to the 4th Place. For the first time, China’s four biggest banks own the top four spots.
  • Berkshire Hathaway is at 5th place, making Warren Buffet’s company largest in USA.
  • China and USA occupy top 10 spots for a second year in a row.
  • USA has most (579) companies in the top 2000 List. China second (232 ), Japan third (218) and UK fourth (95) companies
  • Among Continents, Asia at top with 691 Copanies, North America has 645 companies Europe 486 companies.
  • Two countries debut on the list this year: Argentina and Cyprus.
  • India added two companies this year.
  • At top of Indian Companies is Reliance Industries (142th) with market value of 42.9 billion USD. Followed by State Bank of India (152th) with 33 billion USD Market Value.
  • The other Indian companies on the list are Oil and Natural Gas (183), Tata Motors (263), ICICI Bank (283), Indian Oil (349), HDFC Bank (376), NTPC (431), Tata Consultancy Services (485), Bharti Airtel (506), Axis Bank (558), Infosys (672), Bharat Petroleum (757), Wipro (811), Tata Steel (903) and Adani Enterprises (944).
  • Former Afghan President Hamid Karzai Visited India.
  • Forum for Human Rights and Justice (FHRJ) organised a Marathon named Ajanmi Beti Ke liye Daud (Protecting the Unborn Girl) in Shimla (Himachal Pradesh) in view of declining sex ratio in the state (906 females per 1000 males).
  • Four Indians will be conferred with the Spring Imperial Decorations of Japan among the 85 foreign recipients to be conferred by Emperor of Japan Akihito.
  • Order of the Rising Sun, Gold and Silver Star - Thottuvelil Krishna Pillai Ayyappan Kutty Nair, Chintamani Nagesa Ramachandra Rao
  • Order of the Rising Sun, Gold and Silver Rays - Nikunj Parekh
  • Orders of the Sacred Treasure, Gold and Silver Rays - Top Gay Bhutia
  • Fourth Anti Submarine Warfare (ASW) Corvette of Project-28 christened Kavaratti launched at Garden Reach Shipbuilders and Engineers Ltd (GRSE), Kolkata.
  • France agreed to provide 25% discount on deal for purchase of 36 Rafale MMRCA (medium multi-role combat aircraft) aircrafts by India. India will gain a lot in this deal as Qatar will pay about 290 Million USD for purchasing 24 of same aircrafts from France while India would pay about 200 Million USD per aircraft.
  • France's Parliament approved a surveillance law to strengthens intelligence services to prevent terrorist attacks.
  • French Defence Minister Le Drian visited India.
  • French magazine Charlie Hebdo has been presented with Freedom of Expression Courage Award 2015 by PEN American Centre at the American Museum of Natural History.
  • G Mohan Kumar is appointed as new Defence Secretary of India replacing Radha Krishna Mathur.
  • G Satheesh Reddy is appointed as Scientific Advisor to the Defence Minister

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