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Top 10 Current Affairs 07 January 2014

current-Affairs1. India has successfully test-fired its indigenously developed nuclear-capable Prithvi-II missile today, which has a strike range of 350 km and is capable of carrying warheads of up to 1000 kg. The launch was part of a user trial by the Army.

2. The Central government is set to create an Equal Opportunity Commission as recommended by the Sachar Committee, Minority Affairs Minister K Rahman Khan said today. The Equal Opportunity Commission draft was with the Union Cabinet and it would be made into a law soon. He also said the Jain community will be added to the list of national minority communities.

3. Pravasi Bharatiya Divas 2014 was kicked off in New Delhi today with focus on engagement with the youth and discussions on healthcare. This year’s theme is “Engaging Diaspora: Connecting Across Generations” and this is the first time that the Youth PBD is being held on the first day of the event.

4. The Centre will soon appoint Justice B.S. Chauhan, a Judge of the Supreme Court, as Chairman of the Cauvery Water Disputes Tribunal to take up pending applications. The tribunal has been without Chairman since April 2012, when Justice N.P. Singh resigned on health grounds. The tribunal gave its final award on February 5, 2007.

5. An RBI panel has suggested setting up of specialised banks to cater to low income households to ensure that all citizens have bank accounts by 2016 today which will pave way for significant changes in Indian banking structures. It also suggested that facility for withdrawal, payment and deposit should be set up within a 15-minutes walking distance anywhere in the country.

6. Future Generali India Life Insurance Company Ltd has appointed Munish Sharda as the new Managing Director & Chief Executive Officer. He has nearly two decades of experience primarily in the financial services sector. Earlier, he was Director of Sales & Distribution in Aviva Life and was also with Citibank India.

7. The US Senate confirmed Janet Yellen as the head of the Federal Reserve, making her the first woman to lead the world’s most powerful central bank in its 100-year history through voting today. She got 56 votes in favor compared to 26 against. She is expected to be sworn in on February 1 and she will replace Ben Bernanke as the Chair of the Federal Reserve.

8. The eurozone’s inflation rate dropped to 0.8% in December compared 0.9% in November which is much lower than the European Central Bank’s (ECB) target of 2%. The ECB cut its benchmark interest rate to a record low of 0.25% in November last year due to softening of Inflation number.

9. The King and Queen of Bhutan Jigme Khesar Namgyel Wangchuck and Jetsun Pema Wangchuck respectively will pay an official Visit to India from 6-10 January 2014.

10. Awami League, the ruling party of Bangladesh secured an absolute majority in the Parliamentary elections. The elections, which was hold on 5 January was marked by violence, low voter turnout and boycott by the opposition party BNP.

11. India has signed a credit agreement of $160 million with World Bank for Rajasthan Road Sector Modernisation Project (RRSMP).

12. Australia‘s Lleyton Hewitt won the Brisbane International by beating top seed Roger Federer of Switzerland. It was Hewitt‘s 29th title on the ATP tour.

13. Ana Ivanovic won the Auckland Classic beat Venus Williams by 6-2, 5-7, 6-4. It is Ana‘s 12th title and second seed but her first success since victory in Bali in 2011.

14. Young shuttler Aditya Joshi from Madhya Pradesh became the first male junior badminton player from India to be ranked top in the world.

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