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February 19, 2014

17th February 2014 - Current Affairs Updates


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International Affairs
  • King of Bahrain Hamad bin Isa Al Khalifa is paying a state visit to India February 18-20, during which he will hold talks with Prime Minister Manmohan Singh on bilateral, regional and global issues.
  • Tehran's interior minister has warned Pakistan that Iranian forces may enter Pakistani and Afghan territory to released border guards seized by a rebel group.
Economy & Business
  • Finance Minister P Chidambaram presented Interim Budget 2014 in Lok Sabha on Monday (17th February 2014), expressing concerns confronting the economy and how his government has navigated so far to address the challenges. Read and download the highlights of Budget 2014-15 from here.
  • Vineet Nayar, former CEO of HCL Technologies tells that the industry he helped build risks is losing its relevance and no one is getting it right, while referring to the coming digital revolution and the state of preparedness of the Indian IT companies.
  • The government has cancelled 10 coal blocks allocated to various firms, including Jindal Steel & Power, Tatas and Adani Power, and will de-allocate another 21 soon.
  • India has upped the ante against Switzerland to share banking information on tax evaders as part of its crackdown against black money in offshore accounts.
  • Software services and IT enabled services exports are estimated to have increased by 37 per cent to around Rs 3.41 lakh crore in 2012-13, a survey by the Reserve Bank.
  • German car makers Audi and Mercedes-Benz cut prices by up to Rs 3.82 lakh, while Tata Motors and Mahindra & Mahindra announced their intent to follow suit after Finance Minister P Chidambaram reduced excise on automobiles in the Interim Budget for 2014-15.
  • India's gold demand remained buoyant in 2013 and rose by 13% to 975 tonnes compared to 2012, despite government putting in several restrictions to curb imports, according to a World Gold Council report.

National Affairs
  • The Tamil Nadu government's transport department has set a new Guinness world record by organising a mega blood donation camp involving 53,129 persons at multiple venues ahead of Chief Minister Jayalalithaa's birthday.
  • Rubbishing the last budget of the UPA government, BSP supremo Mayawati said the interim budget has nothing new in it and has only listed UPA government's achievements in the last 10 years.
  • Rahul Gandhi, who had given a push to the 'one-rank, one-pension' demand of ex-servicemen, hailed as "historic" the government's decision to accept the long-standing plea with P Chidambaram making an announcement on the issue in the interim budget.
  • The population of migratory water birds has been decreasing in India every year and their migratory pattern has also seen a change due to global climate changes, a census has revealed.
  • Inviting Indian companies for the first time to explore hydrocarbon in its territory, Bangladesh awarded state-run Oil India Ltd (OIL) and ONGC two offshore blocks in Bay of Bengal.
  • The Union tourism ministry has selected Tirupati as the best heritage city for 2012-13.
  • Noted singer Jaspinder Narula, who won the Filmfare Best Female playback award in 1999 for the superhit song "Pyar To Hona Hi Tha", joined the Aam Aadmi Party (AAP).
Science & Technology
  • Telecom Minister Kapil Sibal said low-cost tablet PC Aakash 4 will be available in the market in around one and a half months for Rs 3,999.
  • Samsung has launched a mid-range Android smartphone, the Galaxy Core Advance, in South Korea at 410,300 won. Galaxy Core Advance features a 4.7-inch TFT screen with a resolution of 480 X 800pixels.
  • Scientists have for the first time identified a process by which the older muscle stem cell populations can be rejuvenated to function like younger cells.
  • New Zealand extends their lead with a double century from Brendon McCullum against India in the second innings of the Wellington Cricket Test.
  • The Indian flag was unfurled at the Winter Olympics Village at Sochi in a special ceremony, after the International Olympic Committee, IOC revoked a 14-month suspension on the country.
Mounika Rao

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  1. Admin y u r giving so late daily GK

    1. Busy with other posts friend. From today onwards you will get regular daily updates :)

    2. Its OK shivani ma'am no problem
      Thanku so much

  2. Replies
    1. Whose bday shivani ma'am or someone else?


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