Daily Current Affairs Update of 14 March 2015 | General Knowledge

Daily Current Affairs Update of 14 March 2015 | General Knowledge

1. In a boost to banks which are facing rising asset quality issues, the Reserve Bank allowed such lenders to reverse the excess provision on sale of bad loans to their profit and loss account provided the transaction took place before February 26, 2014. The move is aimed at incentivising banks to recover appropriate value in respect of NPAs (non-performing assets).

2. Uruguay's most-capped player Diego Forlan, so often his country's talisman, announced his retirement from international football. The 35-year-old striker played 112 games for Uruguay and scored 36 goals, representing the South Americans at three World Cups and helping them lift the Copa America in 2011.

3. Riding on her stupendous performance at the prestigious All England Championship, India's ace shuttler Saina Nehwal regained the world number two spot in the latest rankings released by the Badminton World Federation.

Daily Current Affairs Update of 14 March 2015 | General Knowledge
Daily Current Affairs Update of 14 March 2015 | General Knowledge

4. On the second day of his visit to Mauritius, Prime Minister Narendra Modi has launched the construction of the World Hindi Secretariat building in Port Luis. The Secretariat is an apex body to propagate Hindi at the world stage. Under an agreement, India has designed the World Hindi Secretariat building and is also financing its construction.

5. Budapest will host the 2017 world swimming championships in place of Guadalajara, Mexico, which withdrew due to financial problems. Hungarian Prime Minister Viktor Orban said the championships will be the largest sports event hosted in the capital.

6. Riding on Karun Nair's triple hundred (328) and a magnificent all-round performance from captain R. Vinay Kumar, Karnataka crushed Tamil Nadu by an innings and 217 runs to successfully defend their Ranji Trophy title, in Mumbai.

7. IPS officer M. Akhaya has been appointed as the Chief Vigilance Officer in the Department of Telecommunications. The appointment of the CVO, who acts as distant arm of the Central Vigilance Commission to check corruption, comes at a time when bidding for spectrum by telecom companies is underway. Akhaya, a 1988-batch IPS officer of Odisha cadre, has been appointed for an initial period of three years.

8. The NDA govt. led by Narendra Modi was able to pass its first major reform bill in the form of the Insurance Laws (Amendment) Bill, 2015 when it was passed by the Rajya Sabha. The lower house (Lok Sabha) had already passed this bill.  It sought to raise the FDI cap in insurance sector from 26% to 49% among several other provisions.

9. The Union Govt. has formulated a new programme, Himalayan Meteorology Programme, for better understanding of weather in the mountainous States. This programme has been formulated especially in view of severe floods in Jammu & Kashmir and cloudburst in Uttarakhand. Himalayan Meteorology Programme (HMP) has been designed by Earth System Science Organisation-India Meteorological Department.

10. India’s formal entry into the global market for warships was marked with the commissioning of an India-built naval patrol vessel ‘Barracuda’ for Mauritius by Prime Minister. ‘Barracuda’ is a 1,300-tonne patrol vessel made by Kolkata-based Garden Reach Shipbuilders and Engineers Ltd (GRSE) for the Mauritian National Coast Guard. It was handed over to Mauritius in December 2014 but was commissioned by Indian Prime Narendra Modi on his state visit to Mauritius.
(Source :- Mahendras)
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