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August 25, 2014

25th August 2014 - Daily Current Affairs updates


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National Affairs
  • The ‘Pradhan Mantri Jan Dhan Yojana’, an ambitious financial inclusion scheme under which the government intends to provide every household with a bank account and insurance cover, will be launched on 28 August by Prime Minister Narendra Modi.
  • The Supreme Court today declared that all coal mining rights distributed between 1993 and 2010 were assigned illegally by the government in a process that lacked transparency in the absence of a competitive bidding system.
  • The Supreme Court today declined to entertain petitions challenging the 121st constitutional amendment and the National Judicial Appointment Commission (NJAC) bill, saying they are "premature" but allowed the petitioners to approach the court at a later stage.
  • Government will soon notify new rules for modifying mandate of Lokpal search committee, tasked with recommending names for appointment of chairperson and members of the anti-corruption body.
  • After bagging four National Awards this year, Bengali film “Jaatishwar” is set to compete with eight other films for India’s official entry at the Oscars.
International Affairs
  • External Affairs Minister Sushma Swaraj met the Vietnam President Truong Tan Sang today. She discussed many subjects with Sang, including defense relations, commercial activities and cultural programmes.
    • India and Vietnam decide to deepen cooperation in defense, trade and security.
    • India tells Vietnam that it is looking to expand its cooperation in the country's oil sector.
  • UK Deputy Prime Minister  Nick Clegg today met Modi and discussed a wide range of issues, including energy and WTO talks.In this meeting he conveyed the Britain's desire.
    • Britain expressed desire to work with India in realising the new government's goal of economic and social transformation as Prime Minister Narendra Modi favoured greater collaboration in areas like clean energy, infrastructure development and cleaning of rivers.
New Appointments
  • Thailand's army chief Gen Prayuth Chan-ocha, who seized power in a military coup three months ago, became the country's prime minister today.
    • Important Point to Note : He is the first serving army officer to assume the top office in 22 years.
Business & Economy
  • The Finance Ministry today said it is considering bifurcation of the post of chairman and managing director (CMD) in public sector (PSU) banks to strengthen corporate governance in the light of recent cases of corruption.
    • Important Points to Note :
      • Financial services secretary - G.S. Sandhu
      • Finance Minister - Arun Jaitley
  • for unfair business practices in the spare parts market. These companies include Maruti, Competition Commission slaps Rs 2,545 crore penalty on 14 car makers Ford, Tata Motors, M&M, Nissan, Hindustan Motors, BMW and Mercedes-Benz.
Books and Authors
  • "Men on my Mind”, "More Men on My Mind" written by Radha Thomas

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