Josh magazine-current-affairs-magazine-august-2012-1
Upcoming SlideShare
Loading in...5
×

Like this? Share it with your network

Share

Josh magazine-current-affairs-magazine-august-2012-1

  • 1,311 views
Uploaded on

 

  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Be the first to comment
    Be the first to like this
No Downloads

Views

Total Views
1,311
On Slideshare
1,311
From Embeds
0
Number of Embeds
0

Actions

Shares
Downloads
23
Comments
0
Likes
0

Embeds 0

No embeds

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
    No notes for slide

Transcript

  • 1. Current Affairs PDF August 2012 Page 1 CURRENT AFFAIRS PDFWWW.JAGRANJOSH.COM AUGUST 2012 www.jagranjosh.com Current Affairs PDF August 2012 Page 1
  • 2. Current Affairs PDF August 2012 Page 2 Table of ContentsPick of the Month ......................................................................................................................... 12 NASA’s Curiosity Rover took its First Drive on the Surface of Mars ..................................... 12 NASA’s New Robot Rover Curiosity touched the Surface of Mars ....................................... 12 India’s NSE became the World’s Largest Bourse in Equity Segment as per WFE’s Global Ranking.................................................................................................................................. 13 CAG pegged Public Exchequer’s Loss at 1.86 Lakh Crore in Coal Blocks Allocation Scam ... 13 Russia formally became a Member of the World Trade Organisation ................................. 14 Antony Jenkins appointed as the New Group Chief Executive of Barclays .......................... 14 India successfully test-fired Medium Range Ballistic Missile Agni – II ................................. 14 Power Tripped in Northern, Eastern and North Eastern Grids: India’s Biggest Power Blackout ................................................................................................................................ 15International ................................................................................................................................. 16 US and Pakistan inked NATO Supply Agreement ................................................................. 16 Election Commissions of India and South Korea signed MoU to Strengthen Democracy ... 16 India allowed FDI (Foreign Direct Investment) from Pakistan.............................................. 16 US Imposed Sanctions on Banks Handling Iranian Oil Transactions ..................................... 17 India signed Tax Information Exchange Agreement (TIEA) with Monaco ............................ 17 US Senate passed Bill to label Haqqani Network as a Foreign Terrorist Organization ........ 18 India and Israel signed Collaborative Academic Research Programme Agreement ............ 19 India and Belgium signed Agreement for the Modernisation of Indian Railways ................ 19 Pakistan Supreme Court annulled New Law Protecting the Prime Minister ........................ 20 United Nations General Assembly adopted Resolution on Syria ......................................... 21 Sudan signed a Deal with South Sudan over Oil Payments .................................................. 21 Pakistan’s Supreme Court summoned Prime Minister over Corruption Cases against President ............................................................................................................................... 22 Libyas NTC Handed Power to Newly Appointed National Assembly ................................... 22www.jagranjosh.com Current Affairs PDF August 2012 Page 2
  • 3. Current Affairs PDF August 2012 Page 3 China signed Economic Agreements with North Korea which includes the Development of SEZs ....................................................................................................................................... 23 Organisation of Islamic Cooperation suspended Syria’s Membership ................................. 23 Joint Statement on the First India-CELAC Troika Foreign Ministers Meeting Held in New Delhi ...................................................................................................................................... 24 UN Security Council decided not to extend the UN Observer’s Mission in Syria ................. 25 Ecuador Granted Wikileaks Founder Julian Assange Political Asylum ................................. 26 Lakhdar Brahimi appointed New Joint Special Representative of UN and Arab League for Syria....................................................................................................................................... 26 India to cut Import Duties on 234 Items from Pakistan ....................................................... 27 Myanmar abolished Censorship of the Countrys Media ..................................................... 27 India, Iran and Afghanistan agreed for Transit Co-operation through Chabahar port ........ 28 Supreme Court of Pakistan granted Three-week Time to Prime Minister ........................... 28 India China agreed to set up Joint Working Group on Trade and Investments ................... 28 India, Afghanistan and Iran to set up Joint Working Group to spur Trade .......................... 29 India and Iran decided to expand Trade and Economic Cooperation .................................. 29 International Atomic Energy Agency set up Special Task Force for Iran .............................. 30National ......................................................................................................................................... 31 Special Court convicted 32 People in Naroda Patiya Riot Case ............................................ 31 Supreme Court of India upheld the death sentence of Mumbai Terror Attack Convict Ajmal Amir Kasab ............................................................................................................................ 31 The Government approved a Complete Ban on Employment of Children .......................... 32 Government of India enacted Prohibition of Child Marriage Act 2006 ............................... 32 Supreme Court of India ordered Better Healthcare for Bhopal Gas Tragedy Victims ......... 32 BCCC asked TV Channels to be Extra-cautious while Showing Violence against Women.... 33 Bimal Gurung sworn in as the Head of Gorkhaland Territorial Administration ................... 33 Union Cabinet approved the Launch of Satellite to study Mars .......................................... 34 Special Tribunal approved MHA Move to declare SIMI as an Unlawful Organization ......... 34www.jagranjosh.com Current Affairs PDF August 2012 Page 3
  • 4. Current Affairs PDF August 2012 Page 4 Union Government approved Relaxation in Policies Related to Transfer of Government Land ....................................................................................................................................... 35 Power Tripped in Northern, Eastern and North Eastern Grids: India’s Biggest Power Blackout ................................................................................................................................ 35Economy........................................................................................................................................ 36 Growth of Eight Core Sectors slipped to 3.6 percent in June 2012 against 5.6 percent in June 2011 .............................................................................................................................. 36 EGoM approved 50% Diesel Subsidy to farmers in Drought Hit Areas to save Kahrif Crop . 37 RBI signed MoU with Financial Regulators of 9 Countries to promote Sharing of Information ........................................................................................................................... 38 India’s Fiscal Deficit reached 37 Percent of the Budget Estimate ........................................ 39 RBI directed NBFCs to maintain Net-owned Funds (NOF) at Rs 3 crore by 31 March 2013 39 Union Cabinet sets Base Price for Auction of 2G Spectrum at 14000 Crore Rupees ........... 40 India’s NSE became the World’s Largest Bourse in Equity Segment as per WFE’s Global Ranking.................................................................................................................................. 40 RBI permitted Banks to lend to Telecom Companies for the Upcoming Auction for Spectrum ............................................................................................................................... 41 Fitch Ratings revised the Indian Retail Sector Outlook for the second half 2012-13 to Negative ................................................................................................................................ 42 India’s Industrial Output declined to 1.8 Percent in June 2012 ........................................... 43 Moody’s cut India’s Growth Forecast to 5.5 Percent ........................................................... 43 India’s FDI Inflow plunged 53 Percent in April-June Quarter of Fiscal 2012-13 ................... 44 India’s Exports declined to 22.4 Billion Dollar in July 2012 .................................................. 44 India’s Headline Inflation eased to 6.87 Percent in July 2012 .............................................. 45 Inter-ministerial group recommended Linking Patented Drug Prices to Per-capita Income 45 PMEAC pegged India’s Growth at 6.7 Percent in the Fiscal Year 2012-13 ........................... 46 India’s Retail Inflation declined to 9.86 percent in July 2012 ............................................... 47 Regulator SEBI permitted seven Alternative Investment Funds (AIFs) to start Operation in India ...................................................................................................................................... 47www.jagranjosh.com Current Affairs PDF August 2012 Page 4
  • 5. Current Affairs PDF August 2012 Page 5 Union Finance Ministry approved 49 Percent FDI in Insurance and Pension Sector ........... 48 India eased External Overseas Borrowing Rules to enable Easier Access to Cheap Dollar Funds ..................................................................................................................................... 49 Public Accounts Committee (PAC) called for Deterrent Penal Provisions against Units in SEZs ....................................................................................................................................... 50 Reserve Bank of India (RBI) transferred a Surplus of Rs 16010 crore to the Union Government .......................................................................................................................... 51 SEBI allowed Partial Flexibility in IDRs for Investors ............................................................. 51State .............................................................................................................................................. 52 Uttarakhand announced a Substantial hike in Land Compensation to Victims ................... 52 Orissa is the first state to commence e-payment facility for government employees ........ 52 The Chief Minister of Odisha reshuffled his Cabinet Ministry ............................................. 52 EGoM decided to invest Rs. 425 crore for Gujarat Drought Relief....................................... 53 Annual Plan Size for Jharkhand finalised at 16300 Crore Rupees ........................................ 53 State Government of Goa Launched Ladli Laxmi Scheme .................................................... 54 Andhra Pradesh Government decided to put a Cap on the Tuition Fee Reimbursement ... 55 Union Cabinet Approved Three New Extension Lines in Delhi Metro .................................. 55 Union Government allocated 150 Crore Rupees to Uttarakhand for Flood Relief .............. 55 The House Sparrow was declared as State Bird of Delhi ...................................................... 56 UP Roadways introduced Bus Service from Noida to Agra via Yamuna Expressway ........... 56 SC: It will not allow resumption of Mining Activities of Iron Ore in Karnataka .................... 56 Gujarat state Government announced a Comprehensive Ban on Gutka ............................. 56 Uttarakhand Cabinet raised Maximum Age limit to 40 Years for Government Jobs ........... 57 Punjab Government set up an anti-ragging Cell to Curb the Menace of Ragging................ 57 Sikkim Lokayukta Bill received Presidential Assent .............................................................. 57Indian Diary ................................................................................................................................... 58Corporate ...................................................................................................................................... 61www.jagranjosh.com Current Affairs PDF August 2012 Page 5
  • 6. Current Affairs PDF August 2012 Page 6 SBI reduced Interest Rate on Home and Car Loans by Up to 0.5 Percent ............................ 61 Toshiba launched its new Thinking LED range RZ1 of TV sets .............................................. 62 The Sahara Group acquired landmark Plaza Hotel of New York .......................................... 63 NDTV filed Lawsuit against Audience Measurement Company TAM India .......................... 63 Hero MotoCorp invested 20 million dollar in US based Erik Buell for R&D ......................... 64 SBI reduced the interest rate on the deposits of more than 5 years ................................... 64 Gilead Sciences signed with 3 Indian companies for low-cost HIV drugs ............................ 64 National Housing Bank cut Interest Rate by up to 1 percent for Urban Low Income Group65 Court restrained sale of Videocon’s Pebble washing machine on Whirlpool appeal .......... 65 Micro Technologies India introduced Micro Call Blocker for unsolicited Calls & SMS......... 65 Geojit BNP launched Android OS Flip Me; first mobile trading solution on NSE & BSE ....... 66 German logistics Deutsche Bahn tied up with Moser Baer for Clean Energy Project .......... 66 KNR Constructions bagged the Tollway Road Project .......................................................... 67 Siemens India Bagged 290 Million Euro NMDC Deal ............................................................ 67 Jet Airways Tied Up With HDFC Bank and Launched Credit Cards ....................................... 68 Keshub Mahindra stepped down as the Chairman of Mahindra & Mahindra ..................... 68 Hoppr launched its Service in Chennai to allow Users explore Rewards and Offers ........... 68 M&M signed MoU with Oriental Bank for Personal and Commercial Vehicle Financing .... 69 ESPN signed Hero MotoCorp, Tata Docomo and Airtel Digital as the Sponsors .................. 69 Bollywood actress Anushka Sharma was signed as the Brand Ambassador of Unicharm’s Sofy........................................................................................................................................ 69 Samsung unveiled New Tablet called Galaxy Note 10.1 Tablet in US, Britain and South Korea ..................................................................................................................................... 70 Philippe Divry appointed as the Managing Director of Volvo India ..................................... 70 Arvind Saxena appointed the Managing Director of Volkswagen India ............................... 70 Relaxo Footwear signed Bollywood actress Katrina Kaif as its Brand .................................. 71 Bharti Group sold its Stake in Centum Learning to Everonn Education ............................... 71www.jagranjosh.com Current Affairs PDF August 2012 Page 6
  • 7. Current Affairs PDF August 2012 Page 7 SpiceJet announced launch of Two Daily Flights to Jabalpur from Delhi and Mumbai ....... 71 The Bhilai Steel Plant won the Prime Minister’s Trophy for the 10th Time ......................... 72 IDBI Bank Ltd entered into a MoU with SMERA to evaluate its MSME ................................ 72 Antony Jenkins appointed as the New Group Chief Executive of Barclays .......................... 72 McNally Bharat won 122 crore Rupees Contract from SAIL ................................................. 73 HSBC sold its Entire Stake in Federal Bank for 341 Crore Rupees ........................................ 73 Jammu and Kashmir Bank was Awarded Best Banker Prize ................................................. 73 GAIL signed pact with French Energy Giant GDF Suez to import LNG.................................. 73 Apple won Patent Infringement Case against Samsung ....................................................... 74Sports ............................................................................................................................................ 74 London Olympics 2012 concluded as US topped the Medal Tally ....................................... 74 Medal Tally – London Olympics 2012 ................................................................................... 77 Michel Phelps became the Most Successful Athlete in the Olympic History ....................... 79 Vijay Kumar bagged Silver in Olympics 25 Metre Rapid Fire Pistol Event ............................ 79 Saina Nehwal clinched Bronze in Women’s Singles Badminton Event at London Olympics 2012 ...................................................................................................................................... 80 Jamaican Sprinter Usain Bolt won Gold in Men’s 100 Meter Race, set Olympic Record ..... 81 Mary Kom bagged Bronze in Women Flyweight Boxing at London Olympics 2012 ............ 81 India bagged Record Six Medals in London Olympics 2012 as Sushil Kumar settled for Silver ............................................................................................................................................... 82 VVS Laxman announced Retirement from International Cricket ......................................... 83 Rory Mcllroy won the US PGA Golf Championship ............................................................... 83 IOA set up Three-Member Committee to resolve Issues in Indian Hockey ......................... 83 Rajyavardhan Singh Rathore appointed as the head of Rajiv Gandhi Khel Ratna Awards Committee ............................................................................................................................ 83 Roger Federer and Li Na won Cincinnati Masters ................................................................ 84 South Africa replaced England as the World’s Number One Cricket Team ......................... 84www.jagranjosh.com Current Affairs PDF August 2012 Page 7
  • 8. Current Affairs PDF August 2012 Page 8 Vijay Kumar and Yogeshwar Dutt chosen for Rajiv Gandhi Khel Ratna Award 2012 ........... 85 Ankur Mittal won the Bronze Medal in the Fourth International Junior Shotgun Cup ........ 86 India defeated Australia to win ICC Under-19 Cricket World Cup........................................ 86 Delhi won the 23rd Federation Cup National Throwball Championship ............................. 87 Queen Elizabeth officially opened the London Paralympic Games ...................................... 87 England’s test team captain Andrew Strauss retired from International Cricket ................ 88 Hashim Amla became the Fastest Player to reach Landmark 3000 One-Day International Runs....................................................................................................................................... 88 DLF announced to end its Association with Indian Premiere League .................................. 88Environment Ecology .................................................................................................................... 89 Indian Project won the World Environment Day Challenge ................................................. 89 NASA’s Scientists warned Earth might face More Heat Waves............................................ 89 Parliamentary Panel on Agriculture recommended to ban GM Food Crops ....................... 90 Ministry of Environment and Forest issued Advisory to reduce the Impact of Communication Towers ........................................................................................................ 90 Supreme Court extended the ban on Tourism Activities in Tiger Reserves ......................... 91Science & Technology ................................................................................................................... 91 Study found Tumor Stem Cells multiply and Fuel Cancer .................................................... 91 A Web-based System developed for advising Farmers on Fertilizers .................................. 91 Scientists Unveiled the Origin of the Singing Mice ............................................................... 91 A New Strain of Rice developed by the Scientists that could boost Crop Yields .................. 92One Liners ..................................................................................................................................... 92News Capsule ................................................................................................................................ 94 Kaushik Basu Ended Tenure as the Chief Economic Advisor in New Delhi .......................... 94 9 physicists worldwide received the Fundamental Physics Prize ......................................... 94 UP Government inaugurated State Service Delivery Gateway in Lucknow ......................... 95 Indian Scientist Ashoke Sen was honoured with Fundamental Physics Prize ...................... 95www.jagranjosh.com Current Affairs PDF August 2012 Page 8
  • 9. Current Affairs PDF August 2012 Page 9 Kofi Annan quit as the UN special envoy to Syria ................................................................. 95 Pather Panchali secured 42 rank in Sight and Sound Poll .................................................... 96 Rakesh Singh appointed as the 55th President of ICAI......................................................... 97 Bimal Gurung Appointed as Chief Executive Officer of GTA ................................................ 97 Typhoon Damrey hit the Chinese Provinces Liaoning and Hebei ......................................... 97 Prime Minister of Fiji, Laisenia Qarase was punished for One year Prison .......................... 97 Securities and Exchange Board of India inaugurated their local office in Jaipur ................. 98 New Species of Spider named after Naturalist David Attenborough ................................... 98 Former Chief Minister of Gujarat, Keshubhai Patel launched Gujarat Parivartan Party...... 98 Gunman killed 6 at Sikh Temple in Oak Creek in Wisconsin................................................. 99 Naresh Chandra Committee submitted its Report on National Security ............................. 99 Syed Nasim Ahmed Zaidi appointed New Election Commissioner ...................................... 99 First Meeting of the India-CELAC Troika Foreign Ministers was held in New Delhi ........... 100 India successfully test-fired Medium Range Ballistic Missile Agni – II ............................... 100 Typhoon Haikui slammed into the East Coast of China ...................................................... 101 The Re-Designed Website of the President of India was Launched ................................... 101 Scientist identified a new Oxidant in the Atmosphere ....................................................... 101 Raghuram Rajan appointed the New Chief Economic Advisor in the Finance Ministry .... 102 Pak Government Honoured Saadat Hasan Manto with the Nisan-i-Imtiaz........................ 102 Scientists found a Stem Cell Therapy to prevent Osteoarthritis ........................................ 103 The Belgian Deputy Prime Minister Didier Reynders visited India ..................................... 103 The Fiji Government gave Methodist Church Permission to held its Annual Meeting ...... 103 Time, CNN suspended Fareed Zakaria for Plagiarism ......................................................... 103 Pakistan Government honoured Gopi Chand Narang with Sitara-i-Imtiaz ........................ 104 Prime Minister Shram Awards for year 2011 announced .................................................. 104 Rogelio Sierra Diaz, Vice Minister of Foreign Affairs of Cuba visited India ........................ 104www.jagranjosh.com Current Affairs PDF August 2012 Page 9
  • 10. Current Affairs PDF August 2012 Page 10 Noted Indian Cinematographer Ashok Mehta passed away .............................................. 105 Wikileaks Founder Julian Assange would be Granted Political Asylum by Ecuador .......... 105 Lakhdar Brahimi was appointed the New UN Arab League Envoy for Syria ...................... 105 PJ Kurien elected the Deputy Chairman of Rajya Sabha .................................................... 106 Maharashtra recorded the Maximum Number of Deaths due to SAEs during Drug Trials 106 Vayalar Ravi assumed Charge as Union Minister for Science and Technology .................. 107 Poonam Kishore Saxena appointed as Chairman of Central Board of Direct Taxes .......... 107 First Type of Tea prepared 1000 Years Ago by Native Americans...................................... 107 Charles L Bennett received the Gruber Cosmology Prize 2012 .......................................... 108 Six Top Sporting Coaches to receive Dronacharya Award for 2012 ................................... 108 The Castle Naggar in Himachal Pradesh was given Heritage Status................................... 108 Sonia Gandhi ranked Sixth in the Forbes’ List of 100 Most Powerful Women in the World ............................................................................................................................................. 109 NASA’s Curiosity Rover took its First Drive on the Surface of Mars ................................... 109 Twitter banned Six Accounts Similar in Appearance to PMO Account .............................. 110 Indian American Karl Mehta was selected to Work on Five High-Impact Projects ............ 110 Species of Rat that doesn’t Chew discovered in Indonesia ................................................ 110 Air Force Version of Pilot-less Target Aircraft Lakshya-1 was successfully Test-flown ...... 111 Senkaku Islands became the Bone of Contention between China and Japan ................... 111 Veteran Actor AK Hangal passed away in Mumbai ............................................................ 111 US Astronaut Neil Alden Armstrong passed away .............................................................. 112 Delhi Government presented Lifetime Achievement Awards ............................................ 112 The CII held the Eleventh Energy Efficiency Summit in Hyderabad ................................... 113 PM Nair appointed the Director General of National Disaster Response Force & Civil Defence ............................................................................................................................... 113 The NCR Planning Board approved the Controversial Greater Noida Master Plan 2021 .. 113 The Book Challenged Official Story of Osama bin Laden Killing ......................................... 114www.jagranjosh.com Current Affairs PDF August 2012 Page 10
  • 11. Current Affairs PDF August 2012 Page 11 Archaeologists discovered 2000-Year Old Sculpture in Mexico ......................................... 114 Raghuram Rajan took over as the Chief Economic Advisor of in Union Finance Ministry . 114 Ordnance Factory Board signed a MoU for a Joint Venture with Rosoboronexport, Russia ............................................................................................................................................. 115 Aditi Mukherjee won the prestigious Norman Borlaug Award .......................................... 115 G Ashok Kumar took over as the Southern Naval Command Chief ................................... 115Current Affairs Quizzes ............................................................................................................... 116 Economy Current Affairs Quiz............................................................................................. 116 Science Current Affairs Quiz ............................................................................................... 124 Corporate Current Affairs Quiz ........................................................................................... 128 Sports Current Affairs Quiz ................................................................................................. 131Questions of the Month.............................................................................................................. 135General knowledge Quizzes ........................................................................................................ 136 Indian Independence Quiz .................................................................................................. 137 Olympic Quiz ....................................................................................................................... 139www.jagranjosh.com Current Affairs PDF August 2012 Page 11
  • 12. Current Affairs PDF August 2012 Page 12PICK OF THE MONTHNASA’S CURIOSITY ROVER TOOK ITS FIRST DRIVE ON THE SURFACE OFMARSNASA’s Curiosity rover took its first drive on the surface of Mars on 23 August 2012. The roverin its first drive moved around six metres from its original landing site. After more tests on itssystems, NASA intends to move the Curiosity rover some 400 metres to the southeast tocontinue its exploration of the red planet.NASA also released images of the tracks left by the rover, to show the success of the mission.The space agency also announced that the original landing site of the Curiosity rover would benamed after the late science fiction author Ray Bradbury who died on 5 June 2012. The site willbe known as the Bradbury Landing.Curiosity was launched from Cape Canaveral on 26 November 2011 aboard the MSL spacecraftand successfully landed on Aeolis Palus in Gale Crater on Mars on 6 August 2012. The roversgoals include investigation of the climate and geology on the red planet. The rover would alsoexplore if the Mars was ever hospitable to life. Besides it will also investigate the role of waterand planetary habitability, and preparing for human exploration.NASA’S NEW ROBOT ROVER CURIOSITY TOUCHED THE SURFACE OFMARSThe US space agency NASA landed Curiosity, a huge new robot rover on Mars on 5 August 2012.The one-tonne vehicle touched the surface of Mars after a 345-million-mile expedition. Therobot rover will now conduct a study to find out whether the planet was ever hospitable to life. SPECIFIC TECHNOLOGICAL FEATURES OF CURIOSITY  The 900 kg rover has the top speed of about 4cm/s  Plutonium generators installed on the rover will deliver heat and electricity for at least 14 years  75kg science payload more than 10 times as massive as those of earlier US Mars rovers  Equipped with tools to brush and drill into rocks, to scoop up, sort and sieve samples  Variety of analytical techniques to discern chemistry in rocks, soil and atmosphere  Even carries a laser to zap rocks; beam will identify atomic elements in rocks  Equipped with 17 cameras, which will identify particular targets, and a laser will zap those rocks to probe their chemistry  Findings of the mission will be delivered to Earth through antennas on the rover deckwww.jagranjosh.com Current Affairs PDF August 2012 Page 12
  • 13. Current Affairs PDF August 2012 Page 13The robot rover, which epitomizes the technological wizardry of mankind, is set to spend nearlytwo years for the mission.NASA undertook the mission with an objective to determine whether Mars has ever had theconditions to support life. The ambitious project costed the US government about 2.5 billiondollar.INDIA’S NSE BECAME THE WORLD’S LARGEST BOURSE IN EQUITYSEGMENT AS PER WFE’S GLOBAL RANKINGAs per the latest global ranking compiled and published by the World Federation of Exchanges(WFE) in August 2012, the National Stock Exchange of India (NSE) become the world’s largestbourse in terms of the number of trades in equity segment for the first six months of 2012. Atotal of 735474 trades took place in the equity segment of NSE in the January-June period of2012, making it the world’s largest exchange on this parameter. NSE was followed by NYSEEuronext and Nasdaq OMX at the second and the third positions.Industry experts attributed the recent position of NSE acquired by the bourse to growinginvestor base, use of latest technology and new products. NSEs platform is connected to twolakh trading terminals in more than 2000 towns and cities across the country.NSE is the second largest exchange globally after Korea Exchange for index options. Eurex wasthe third largest exchange worldwide in terms of total number of index options traded duringthe first six months of 2012.BSE recorded a total of 187824 trades during this period in its equity segment. The totalnumber of listed companies is much larger in case of the BSE, the exchange however lagsbehind NSE significantly in terms of volume and value of trades.The latest data published by WFE indicated that investors from tier-three cities contributedmore than 45 per cent of total cash market retail turnover in the financial year 2011- 12. Thetier-three cities account for more than half of the total retail investor base on NSE platform.CAG PEGGED PUBLIC EXCHEQUER’S LOSS AT 1.86 LAKH CRORE IN COALBLOCKS ALLOCATION SCAMThe Comptroller and Auditor General (CAG) of India in its incisive audit report noted that India’sexchequer suffered a massive loss of 1.86 lakh crore due to the distribution of coal blockswithout bidding. The CAG report was tabled in the parliament on 17 August 2012.The CAG in its report stated that 57 coal blocks that were allocated to private companies during2004-2009, extended them a windfall gain of 1.86 lakh crore rupees. The CAG report has alsobrought Prime Minister Manmohan Singh under scrutiny as he was holding the charge of CoalMinistry from 2006 to 2009. Besides, the CAG report also raised serious allegations against thewww.jagranjosh.com Current Affairs PDF August 2012 Page 13
  • 14. Current Affairs PDF August 2012 Page 14PMO which delayed the fair bidding process for coal blocks despite the clearance from Law andJustice Ministry.Tata Group, Reliance Power, Jindal Power and Steel, Abhijit Group, Bhushan Group, ElectroSteel, OP Jindal Group were some of the major beneficiaries of the coal blocks distribution.The government has distributed about 150 coal blocks over the past eight years. During thisperiod Prime Minister Manmohan Singh, Shibu Soren and Prakash Jaiswal has been at the helmof the Coal Ministry. The 1.86 lakh rupees scam is the biggest in the history of India as itsurpassed the 1.7 lakh crore 2G spectrum scam.RUSSIA FORMALLY BECAME A MEMBER OF THE WORLD TRADEORGANISATIONRussia formally became a member of the World Trade Organisation(WTO) on 22 August 2012after 18 years of negotiations. Russia agreed to reduce import tariffs on goods, including foodand cars and to relax controls on overseas companies entering its financial and telecom sectors.Russia will be the 156th member of the WTO.WTO requires that any country that seeks to benefit from it must apply the same trade rules toall member countries. Russia negotiated for membership for 18 years, beginning when the WTOwas called the General Agreement on Tariffs and Trade.ANTONY JENKINS APPOINTED AS THE NEW GROUP CHIEF EXECUTIVE OFBARCLAYSBarclays, the British banking giant, appointed Antony Jenkins as its new Group Chief Executiveon 30 August 2012. Jenkins replaced Barclays’ former chief executive officer Bob Diamond whostepped down following the interest rate manipulationscandal.Jenkins currently leads Barclays Retail and BusinessBanking (RBB) business. He has been a member of theGroup Executive Committee of Barclays since 2009.The US and the UK authorities had slapped a 290-millionpound penalty on Barclays to settle the charges ofmanipulating global benchmark lending rates such asLibor, and Euribor, which influence many other interest rates.INDIA SUCCESSFULLY TEST-FIRED MEDIUM RANGE BALLISTIC MISSILEAGNI – IIIndia on 9 August 2012 successfully test-fired domestically built surface-to-surface two stageAgni-II ballistic missile. The missile was launched from a test range at Wheeler Island off Odishawww.jagranjosh.com Current Affairs PDF August 2012 Page 14
  • 15. Current Affairs PDF August 2012 Page 15coast. The nuclear capable missile with a strike range of 2000 km was first test fired on 11 April1999. The missile was inducted in the Army on 17 May 2010.The missile was launched by the strategic force command of Indian Army as a routine users’trial. The objective of the launch was to train the user team to launch the missile. Agni-II is 20metres long and capable of carrying a nuclear warhead weighing one ton.Agni-II was developed under the joint work of advanced systems laboratory, the missiledevelopment laboratory of the DRDO, Defence Research Development Laboratory andResearch Centre Imarat, while it was integrated by Bharat Dynamics Limited, Hyderabad.The Agni-II missile belongs to the genre of medium range ballistic missiles developed by Indiaunder the Integrated Guided Missile Development Program. The missile was made operationalby the Indian Army in March 2010.POWER TRIPPED IN NORTHERN, EASTERN AND NORTH EASTERN GRIDS:INDIA’S BIGGEST POWER BLACKOUTIndia witnessed its biggest ever power blackout on 31 July 2012. Post the collapse of thenorthern power grid twenty states in India were left with no electricity till late evening. This isthe second time that the country saw a power failure of a huge margin, interestingly both thefailures happened in a time frame of over twenty four hours.The collapse happened at around one o clock in the noon, when the northern grid tripped,which then immediately led to a similar effect on the eastern and north-eastern grids, as thetwo are connected as a common grid. The problem was compounded as several states hadremoved the under frequency relays that island their systems when grid disruptions occur.Apparently, the failure of the three power grids despite a stable electricity supply was due tothe mounting demand for electricity as monsoon rains remained deficient, outdated powertransmission equipments and utter lack of discipline by state utilities in drawing power. Amongthe states affected were Delhi, Uttar Pradesh, Haryana, West Bengal, Punjab, Jammu &Kashmir, Orissa, Bihar, Rajasthan, Jharkhand and Assam, meaning that the power trip coveredmore than half of the country’s population.Amongst the worst hit were the two hundred coal miners trapped in West Bengal andJharkhand as their shafts remained closed. Amongst the railways, almost three hundred trainsremained stranded , also the Delhi Metro, which is a life line to many came to a stop leaving thetraffic situation in the state a tizzy. During the peak hour the supply stood less than 40,000 MWagainst the demand of 130,000 MW.The situation came back to control later by evening on 31 July 2012, forty percent of the systemwas operating normally again and power was eventually restored over the states. The firstpower cut of this kind happened just few hours back on the night of 30 July 2012.www.jagranjosh.com Current Affairs PDF August 2012 Page 15
  • 16. Current Affairs PDF August 2012 Page 16INTERNATIONALUS AND PAKISTAN INKED NATO SUPPLY AGREEMENTAfter a week long negotiations, Pakistan and the US on 31 July 2012 finally signed an agreementon transporting supplies for NATO troops in Afghanistan through Pakistan, until the end of2015. The agreement was signed by Additional Defence Secretary Rear Admiral Farrukh Ahmedand US Charge d Affaires Richard Hoagland.Under the agreement, the US will provide 1.1 billion dollar aid to Pakistan for fighting terroristswithin its borders. The agreement will cease to exist by the end of 2015, though, it can berenewed for one-year intervals beyond that. The agreement is set to replace the existingarrangements, which is not an official agreement and largely based on a verbal understanding.MAJOR POINTS OF THE AGREEMENT ARE AS FOLLOWS: The agreement bars transportation of arms and ammunition for NATO/ISAF in Afghanistan via Pakistan Arms shipments and equipments for training of Afghan security forces allowed Routes from Khyber Pakhtunkhwa and Balochistan are to be used by NATO tankers No tax or duty to be levied on the containers though commercial carriers will have to pay a fee. Pakistan to ensure the security and quick transfer of cargo while keeping the US authority in loop Containers travelling to Afghanistan will be bound to return via Pakistan The Defence Ministry which will act as a central coordination authority will review daily operations and other matters related to the supply routes Two monitoring offices for NATO supplies to be set up at the Defence Ministry and the US embassyELECTION COMMISSIONS OF INDIA AND SOUTH KOREA SIGNED MOU TOSTRENGTHEN DEMOCRACYThe Election Commission of India and South Korean Election Commission on 1 August 2012signed an MoU (Memorandum of Understanding) to strengthen institutions and processes fordemocracy. This was 13th MoU that India signed with Electoral Bodies. It will also strengthenIndia-South Korea bilateral cooperation.Both the nations will work together for the cause of the Asian electoral community and thelarger global electoral fraternity.INDIA ALLOWED FDI (FOREIGN DIRECT INVESTMENT) FROM PAKISTANwww.jagranjosh.com Current Affairs PDF August 2012 Page 16
  • 17. Current Affairs PDF August 2012 Page 17Indian government on 1 August 2012 decided to allow investment from Pakistan with theobjective of boosting bilateral economic relations. However, India kept out strategic sectors ofdefence, space and atomic energy from Pakistan. Pakistan can explore sectors like cement,textiles and sports for investments in India. Besides, the FDI proposals from Pakistan need to becleared from the Foreign Investment Promotion Board (FIPB). It is important to note that Indiahad granted the MFN status to Pakistan in 1996. Although Pakistan had notified granting theMFN status to India in March 2012, it is yet to implement it fully.However, Pakistan had partially liberalised its trade regime with India in March 2012 by shiftingfrom positive list rules to negative. It means that barring 1209 items Pakistan will allow importof all other Indian goods. can explore sectors like cement, textiles and sports for investments inthe country.US IMPOSED SANCTIONS ON BANKS HANDLING IRANIAN OILTRANSACTIONSUnited States announced fresh sanctions against foreign banks that helps Iran sell its oil on 1August 2012.The U.S government signed an executive order of new sanctions which will targetanyone buying Iranian petrochemicals or facilitating payments to Iran, including an Iraqi and aChinese Bank. The government stated that the measure would increase pressure on Tehran forfailing to meet its international nuclear obligations. The sanctions are targeting the foreignbanks that handle transactions for Iranian oil or handle large transactions from the NationalIranian Oil Company (NIOC) or Naftiran Intertrade Company (NICO).The order given by Obama also targeted the Chinas Bank of Kunlun and Iraqs Elaf Islamic Bankfor providing services to Iranian banks. On this order, China reacted quite angrily , saying thatthe effort is being used to put pressure on Iran over its nuclear program.China, a big importer of Iranian oil decided to lodge an official protest with U.S.A after therecent development. The new order provides waiver to countries that have cut the purchasesof Iranian oil significantly. Oil and Petrochemical industry account almost eighty percent ofIran’s revenues.INDIA SIGNED TAX INFORMATION EXCHANGE AGREEMENT (TIEA) WITHMONACOIndia signed Tax Information Exchange Agreement (TIEA) with Monaco on 31 July 2012 in NewDelhi. It will allow the two countries to check tax evasion and money laundering. This was theninth TIEA signed by India.KEY FEATURES OF THE AGREEMENT ARE AS FOLLOWING  It is based on international standard of transparency and exchange of information.www.jagranjosh.com Current Affairs PDF August 2012 Page 17
  • 18. Current Affairs PDF August 2012 Page 18  Information must be foreseeably relevant to the administration and enforcement of the domestic laws of the Contracting Parties concerning taxes and tax matters covered by the agreement.  The requesting State has to provide some minimum details about the information requested in order to justify the foreseeably relevance criteria.  Information is to be treated as secret and can be disclosed to only specified person or authorities, which are tax authorities or the authorities concerned with the determination of tax appeal.  It also provides for disclosure of information to any other person or entity or authority or any other jurisdiction (including foreign Governments) with the written consent of the competent authority of the requested Party.  There is a specific provision that the requested Party shall provide upon request the information even though that Party may not need such information for its own tax purposes.  There is a specific provision for providing banking and ownership information.  There is a specific provision for Tax Examination Abroad where authorities of one State can present in the tax examination of taxpayer in the other State.  Upon entry into force, the Agreement allows exchange of information forthwith.US SENATE PASSED BILL TO LABEL HAQQANI NETWORK AS A FOREIGNTERRORIST ORGANIZATIONThe US Senate on 27 July 2012 unanimouslypassed a resolution to label the Haqqaninetwork as a foreign terrorist group. Theresolution came following the US House ofRepresentatives passed Haqqani NetworkTerrorist Designation Act of 2012 early July2012. The bill was already passed in 2011but had to be passed by the Senate againgiven the changes made in it by the House.As the final step to become a legislation,the bill now move to the White House forthe approval of President Barack Obama.www.jagranjosh.com Current Affairs PDF August 2012 Page 18
  • 19. Current Affairs PDF August 2012 Page 19 WHAT IS HAQQANI NETWORK? The Haqqani Network is a group of Islamic fanatics which have been fighting against US-led NATO forces and the government of Afghanistan to reacquire control over the trouble-torn nation. The insurgent group, which came into existence in mid 1970s, was largely used by the US as a tool against Soviet Russia during the cold war days. Haqqani Network is widely believed to have the support of Pakistani administration as well as the ISI, Pakistans top spy agency. The Network is led by Maulvi Jalaluddin Haqqani and his son Sirajuddin Haqqani. The group, which believed to have its base in Pakistan, operates across the Afghanistan- Pakistan border. The dreaded terror group consistently remains one of the most formidable threats to the US led NATO forces and the Afghan Government given its striking capabilities and the influence it enjoys among the conservative Islamic groups existing across the border. The network has drawn extreme reactions from the leaders in US and western countries, which consider it as the most resilient enemy network.INDIA AND ISRAEL SIGNED COLLABORATIVE ACADEMIC RESEARCHPROGRAMME AGREEMENTIndia and Israel signed a memorandum ofunderstanding (MoU) on 2 August 2012 forstarting a collaborative academic researchprogramme. Under the Research programme boththe countries will together work in areas such asmedical, information technology, social sciences,humanities and arts.The MoU was signed by Professor BenjaminGeiger, Chairman of the Israel Science Foundationand Ved Prakash, Chairman of University GrantsCommission. The agreement will exist for next fiveyears, providing support up to 100000 dollar aresearch project for three yearsThe idea of collaborative academic research programme came into being during a recent visit ofMinister for Human Resource Development Kapil Sibal to Israel. Sibal during the course of hervisit had conducted dialogue with Israel’s Finance Minister Yuval Steinitz, Education MinisterGideon Sa’ar and Chairman of Planning and Budgeting Committee Manuel Trajtenberg.INDIA AND BELGIUM SIGNED AGREEMENT FOR THE MODERNISATION OFINDIAN RAILWAYSwww.jagranjosh.com Current Affairs PDF August 2012 Page 19
  • 20. Current Affairs PDF August 2012 Page 20India on 1 August 2012 signed anagreement with Belgium for themodernisation of the Indian Railwaysand make some of the major railwaystations in the country of globalstandard. Under the agreement the twocountries would share design andcurrent practices in railwayinfrastructure and deputation ofexperts in areas of mutual interest. Thecountries will also explore the newavenues of co-operation in the Railwaysector.Belgian state run companies such as Euro Station and Euro Immostar have vast experience indeveloping stations. The companies have extensive expertise in transforming historical railwaystations into the modern international terminals.Numerous Belgium or Belgium-based companies are already operating in India and have beeninvolved in activities such as fastening and coating of rails to delivery of parts for trainconstruction and software for safety and network management.PAKISTAN SUPREME COURT ANNULLED NEW LAW PROTECTING THEPRIME MINISTERSupreme Court of Pakistan on 3 August 2012annulled the new law called CONTEMPT OF COURTACT 2012 (COCA 2012) seeking to protect thePrime Minister from disqualification. A five-member bench of the Court headed by ChiefJustice Iftikhar Chaudhry ruled that the new law isunconstitutional and void with effect from the dayit was enforced. The court found Section 2(a),Section 3, Section 4(4), Section 6(2&3), Section 8(1,3 &5), Section 10(b), Section 11(3, 4 & 5), Section12 and Section 13 of COCA 2012 as ultra vires theconstitution of Pakistan.The Court also noted that under Article 204 read with Entry 55 of the Fourth Schedule to theconstitution, the high courts and the Supreme Court have powers to punish any person who isfound guilty of contempt of court, falling within the definition of contempt of court given inClause (2) of Article 204 of the constitution of Pakistan.www.jagranjosh.com Current Affairs PDF August 2012 Page 20
  • 21. Current Affairs PDF August 2012 Page 21COCA 2012 was promulgated under Clause 3 of Article 204 of the constitution, which conferspower on the legislature to make law to regulate the exercise of power by the Courts, and notto incorporate any substantive provision or defences as it has been done in the proviso.The court ruling said that powers of the courts were reduced by incorporating expression bySCANDALISING A JUDGE IN RELATION TO HIS OFFICE whereas in Article 204(2) the wordCOURT has been used. The court further observed that incorporation of Article 248(1) inproviso (i) to Section 3 is tantamount to amending the constitution, which could not be donewithout following the procedure given in in articles 238 and 239 of the constitution.UNITED NATIONS GENERAL ASSEMBLY ADOPTED RESOLUTION ON SYRIAThe United Nations General Assembly on 3 August 2012adopted a non-binding resolution that condemns Syriasuse of heavy weapons in the fight against rebel forces.The resolution, drafted by Saudi Arabia, deplored theunrelenting bloodshed in Syria and demanded apeaceful political transition in the country.The resolution got 133 votes in favour in the 193-member body, while 12 voted against the resolution. 31nations including India chose to remain absent duringthe voting. The fresh resolution is largely in line with the League of Arab States’ resolutionwhich demanded Syrian President Bashar-al-Assad to step down from power and urged worldcommunity to severe diplomatic relations and ties with Syria.Syrian government, however, deemed the resolution as an attempt to jeopardize the regionalpeace and stability. Those who opposed the UN resolution including China, Iran, North Korea,Belarus, Cuba argued that putting pressure only on one party would not help resolve the Syrianissue and would instead derail the issue from the track of a political settlement.India abstained from voting after it found some of the provisions of the resolution contrary toits long held stance on the Syrian crisis. Provisions such as forced regime change and sanctionsagainst the country India found particularly objectionable. Before deciding to abstain from thevoting Indian Ambassador to the UN Hardeep Singh Puri had held several rounds of dialoguewith his Saudi and Qatari counterparts to remove these provisions.SUDAN SIGNED A DEAL WITH SOUTH SUDAN OVER OIL PAYMENTSIn pursuit of its goal to debilitate Iran’s oil exporting economy, the US government on 2 August2012 announced to impose some fresh sanctions on Iran. Sanctions, imposed underComprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (CISADA), putpunitive regulation on those who continued to maintain ties with Iran.www.jagranjosh.com Current Affairs PDF August 2012 Page 21
  • 22. Current Affairs PDF August 2012 Page 22Under the sanction Bank of Kunlun in China and Elaf Islamic Bank in Iraq faced cut off fromtransactions with US institutions. The two banks were punished for facilitating transactionsworth millions of dollars on behalf of sanctioned Iranian banks. The new sanctions categoricallytarget the Iranian energy and petrochemical sectors.The sanctions are aimed at preventing Iran from establishing payment mechanisms for thepurchase of Iranian oil to circumvent existing sanctions, and utilises the existing structure of oursanctions law, including exceptions for significant reductions in the purchase of Iranian oil.Earlier this year India, China and a host of other nations had opposed US’ dictate to cut downtheir oil imports from Iran. US and European Union have come down heavily on Iran’s nuclearprogramme seeking all possible diplomatic methods to stop the belligerent nation to carry onits nuclear programme. Though the heavy sanctions imposed by the US and EU over Iran havenot yielded them the desired result as Iran has thus far not gave up its plan to build nucleararmaments.PAKISTAN’S SUPREME COURT SUMMONED PRIME MINISTER OVERCORRUPTION CASES AGAINST PRESIDENTIn a step towards contempt hearing, Pakistan’s Supreme Court on 8 August 2012 ordered thePrime Minister Raja Pervez Ashraf to appear before judges for he failed to write Swissauthorities to reopen corruption cases against the president Asif Ali Zardari. The court askedthe PM to appear before judges on 27 August 2012 to explain his actions.Earlier on 3 August 2012 the apex court had nullified a legislation which sought to protectelected legislators from contempt charges. It was believed that the legislation was meant toprevent court from disqualifying current Prime Minister from the office under contemptcharges.The Supreme Court of Pakistan had removed Yousuf Raza Gilani from his post on 19 June 2012after he failed to follow court’s order to write a letter to Swiss authorities asking them toreopen corruption case against President Asif Ali Zardari. Gilanis’ lawyers had argued thatPresident enjoyed immunity from prosecution in foreign courts while in office, making anapproach to Swiss authorities impossible.The ruling coalition, led by the Pakistan Peoples Party, is aiming to become the first electedadministration in Pakistan’s history to serve a full five-year term. But the current controversy,which could see Raja Parvez Ashraf also witnessing the same fate as that of his predecessor,might push the country for an early election. Elections in Pakistan are scheduled to take place in2013, when the present government is set to complete its five-year term.LIBYAS NTC HANDED POWER TO NEWLY APPOINTED NATIONALASSEMBLYwww.jagranjosh.com Current Affairs PDF August 2012 Page 22
  • 23. Current Affairs PDF August 2012 Page 23The ruling National Transitional Council (NTC) handed overpower to the newly elected National Assembly on 8 August2012 in a night ceremony in Tripoli, Libya. NTC Chairman,Mustafa Abdel Jalil passed on the responsibility to theoldest member of the new two hundred member assembly,Mohammed Ali Salim.Later, the congress members took an oath led byMohammed Ali Salim. The new assembly will appoint anew interim Prime Minister to form the government and asixty member panel to draft the new constitution of Libya. The NTC Chairman Mustafa AbdulJalil and the oldest member of the body, Mohammed Ali Salim, also signed documents duringthe event.The ceremony marked the first peaceful government transition of the country post Gadhafiseized power in Libya. The event was held on the twentieth day of Ramadan.Though the handover of power came in as good news, Libya still struggles with its securityconcerns. Unknown individuals attacked the residence of the International Committee of theRed Cross in Misrata on 5 August 2012. None of the staff members inside the building at thetime of the attack were registered hurt, but the building suffered extensive damage.NTC was announced in the city of Benghazi, Libya on 27 February 2011 to act as the politicalface of the revolution.CHINA SIGNED ECONOMIC AGREEMENTS WITH NORTH KOREA WHICHINCLUDES THE DEVELOPMENT OF SEZSChina in the second week of August 2012 signed agreementswith North Korea to increase the bilateral economic co-operation. The agreements were signed during a visit of seniorNorth Korean official.The agreements included the development of two specialeconomic zones in North Korea. One is in Rason, on NorthKorea’s east coast and the other is in Hwanggumphyong on theborder with China. Moreover, China and North Korea also signed agreements on agricultural co-operation and electricity supply.ORGANISATION OF ISLAMIC COOPERATION SUSPENDED SYRIA’SMEMBERSHIPOrganisation of Islamic Cooperation, the 57-member body of Islamic countries, suspended Syriafrom the organization. The decision to suspend Syria was taken despite Irans vociferousopposition, during the OIC summit meeting in the Saudi city of Mecca on 16 August 2012.www.jagranjosh.com Current Affairs PDF August 2012 Page 23
  • 24. Current Affairs PDF August 2012 Page 24The OIC move is aimed at pressurizing SyrianPresident embattled regime to cease violenceagainst its own citizens. More than 20000people have been killed so far in one of thebloodiest civil war in the history of Arabnations. In an statement issued at the end ofthe summit, OIC Secretary GeneralEkmeleddin Ihsanoglu said that the OICdecision is a strong message of IslamicOrgainsation to the trouble-torn nation.The summit of the worlds largest Islamic bloc, which represents nearly 1.6 billion muslimpopulation globally started on 14 August 2012 with the suspension proposal put forward by apreparatory meeting of foreign ministers. Saudi King Abdullah presided over the meeting,attended by Iranian President Mahmoud Ahmadinejad whose country has openly criticised thepush to suspend Syria.Earlier, Syria had faced suspension from Arab League in 2011 for supporting violence followingthe massive uprising against the current regime. Syrian President Bashar-al-Assad had howevertermed the move as a plot of western countries against Syria. ORGANISATION OF ISLAMIC COOPERATION (OIC) Oragnisation of Islamic Cooperation, which was earlier known as Organisation of Islamic Conference came into existence on 25 September 1969. The 57-member body is headquartered Jeddah, Saudi Arabia. The bloc claims to be the representative of nearly 1.6 billion muslim population across the world. Arabic, English and French are the official language of the organization. Despite the fact that India represents about 10 percent of muslim population in the world, it has not been given the membership of the organization.JOINT STATEMENT ON THE FIRST INDIA-CELAC TROIKA FOREIGNMINISTERS MEETING HELD IN NEW DELHIThe first meeting of the India-CELAC Troika Foreign Ministers was heldon 7 August 2012 in New Delhi. The Indian delegation was led by theExternal Affairs Minister of India, Shri S.M Krishna, whilst the CELACTroika was led by the Minister of Foreign Affairs of Chile Mr. AlfredoMoreno Charme, the pro-tempore President of CELAC. Apart fromboth the nations, the Foreign Minister of Venezuela Mr. Nicolas Maduro and the Vice ForeignMinister of Cuba, Mr. Rogelio Sierra participated in the meeting as members of the Troika.www.jagranjosh.com Current Affairs PDF August 2012 Page 24
  • 25. Current Affairs PDF August 2012 Page 25OBJECTIVE OF THE MEET  To discuss the regional and multilateral issues of mutual interest, to strengthen the multifaceted bilateral cooperation between India and CELAC.  To co ordinate responses to regional issues and address international challenges including the UN reform, the international financial crisis, climate change and international terrorism.  To enhance the exchange of visits at all levels including at the Summit level leading towards a Strategic Partnership between India and CELAC.  To expand relations between India and countries in the Latin America and the Caribbean region and make it possible for them to work together bearing in mind each sides respective development priorities based on the common shared values of democracy, freedom, equality and justice.COLLECTIVE DISCUSSIONS  The two nations expressed satisfaction over the growth of commercial, economic and investment relations between India and CELAC, that has crossed US$ 25 billion in 2012.  The nations agreed to set up an Energy Forum to discuss energy security issues.  Both the countries agreed to work towards providing value addition in the exchange of commodities through direct trading and by setting up of manufacturing units.  Both sides agreed to work towards providing for food security for their people  Both the countries agreed to initiate various projects related to tele-education, e- governance and tele-medicine that would cover the entire Latin America and Caribbean region.The Foreign Ministers of India and the CELAC Troika ended the First Meeting of the India-CELACTroika Foreign Ministerial Dialogue at a good note after the commencement of CELAC inDecember 2011. The pro-Tempore President and Troika Foreign Ministers of CELAC will presentthis Joint Statement in next meeting of the Foreign Ministers of the Community that will beheld in September 2012 in New York.UN SECURITY COUNCIL DECIDED NOTTO EXTEND THE UN OBSERVER’SMISSION IN SYRIAThe United Nations Security Council decided not toextend the mandate of UN Observer’s Mission inSyria. However, it has supported the idea ofmaintaining a political office in Damascus. TheFrench Ambassador to the UN said in New York that the conditions to continue were notfulfilled. The mission will come to an end on 19 August 2012.www.jagranjosh.com Current Affairs PDF August 2012 Page 25
  • 26. Current Affairs PDF August 2012 Page 26The UN Security council had set two conditions for extending the mission of the unarmedobservers beyond 20 August 2012. These included a halt to the Syrian Governments use ofheavy weapons and a significant reduction in the violence. UN stated neither condition hadbeen met nor Syria now risks a descent into a full-scale civil war. It virtually sealed the fate ofUN Observer mission in Syria. Due to escalation in violence and risk to the lives of observers,the mission had to suspend its operations Mid way in June 2012.ECUADOR GRANTED WIKILEAKS FOUNDER JULIAN ASSANGE POLITICALASYLUMThe foreign ministry of Ecuador announced thatEcuador would be granting Wikileaks co-founderJulian Assange a political asylum on 16 August 2012.This decision will help Assange shield from beingextradited from Britain to Sweden, where he isfacing charges of rape and sexual molestation.Ecuador officially the Republic of Ecuador is aRepresentative democratic republic in SouthAmerica, it is bordered by Colombia on the north,Peru on the east and south, and by the PacificOcean to the west.In June 2012, Assange sought shelter in the Ecuadorian embassy in Britain after filing a petitionseeking asylum from being extradited to Sweden. Assange claims that the accusations are adevice of getting him to the US authorities so he could be indicted for divulging State secretes.Following this, Ecuador requested the British government to grant the embassy permission tofly Assange to Ecuador, but the British authorities have declined any such permission as of now.This decision taken by the British government hasn’t gone down well with Ecuador and both thenations have started a war of words on the social networking site called Twitter.Assange shot to fame in the year 2010 after he leaked a number of US diplomatic cables andvideos regarding the war in Iraq and Afghanistan through Wikileaks. Following the incident, USAand other countries whose secrets were divulged jumped into considerable action. Assange andhis team argue that the alleged sex crimes allegations and these accusations are untrue andfalsely built up.LAKHDAR BRAHIMI APPOINTED NEW JOINT SPECIAL REPRESENTATIVEOF UN AND ARAB LEAGUE FOR SYRIAVeteran Algerian diplomat Lakhdar Brahimi was appointed the new joint special representativeof the UN and the League of Arab States for Syria on 17 August 2012. Brahimi, the formerAlgerian Foreign Minister, will replace Kofi Annan, who had stepped down as UN and ArabLeague joint special envoy to Syria on 2 August 2012.www.jagranjosh.com Current Affairs PDF August 2012 Page 26
  • 27. Current Affairs PDF August 2012 Page 27Brahimi, who served as Algeria’s foreign minister from 1991 to1993, joined UN in 1994 and served various high profile positionsuntil he retired in 2005. Brahimi also has a vast experience ofworking with Arab nations. He served as under-secretary-generalof the Arab League from 1984 to 1991.He also served as the ArabLeagues special envoy to Lebanon from 1989 to 1991, mediatingthe end of a civil war in that country.Brahimis appointment to the high profile poition came a day after the UN Security Councildecided to set up a new political liaison center in Damascus, the Syrian capital.The UN General Assembly adopted a resolution on 16 February demanding the heads of the UNand the Arab League to appoint a special envoy for Syria, a country which has been troubled byprolonged tension and violence between anti-government protesters and rebels and the forcesloyal to President Bashar al-Assad.Former UN Secretary General Kofi Annan was appointed the UN and Arab League’s joint specialenvoy to Syria on 23 February 2012.INDIA TO CUT IMPORT DUTIES ON 234 ITEMS FROM PAKISTANThe Union Cabinet on 17 August 2012 approved the Commerce Ministry’s proposal to cut downthe list of sensitive items under South Asian Free Trade Agreement (SAFTA) for Pakistan by 30percent. Besides, India will also cut import duties on about 234 items from Pakistan under thebilateral trade normalisation programme. The cabinet, however, made it clear that the Indiawill follow these measures only when Pakistan reciprocates with the same gesture and allowsgoods to be traded through the land routesPakistan permits only 137 items to be imported through the Attari land route, while the restgoods are imported through sea route, making exports largely unviable for Indian traders.Indian authorities have been consistently demanding Pakistan to allow all goods to be tradedthrough land, but the demand has not received any positive response as yet.India and Pakistan initiated the trade normalisation programme in early 2011 whichsubsequently paved the way for fastpaced liberalisation of trade and investments. The process,however, slackened over the past few months due to the political turmoil in Pakistan.MYANMAR ABOLISHED CENSORSHIP OF THE COUNTRYS MEDIAMyanmar government on 20 August 2012 abolished censorship of the countrys media. Thereporters would no longer have to submit their work to state censors before publication.Burma had begun censorship on media on 6 August 1964.The journalists were given permission to print without prior censorship and restrictions werelifted on 30000 internet sites, allowing users unrestricted access to political content for the firsttime.www.jagranjosh.com Current Affairs PDF August 2012 Page 27
  • 28. Current Affairs PDF August 2012 Page 28INDIA, IRAN AND AFGHANISTAN AGREED FOR TRANSIT CO-OPERATIONTHROUGH CHABAHAR PORTIndia, Iran and Afghanistan agreed to work for expandingtrade and transit co-operation through Chabahar port inIran. The representatives of the three countries will meet inSeptember 2012 to expedite the process. The move wasfinalized at a trilateral meeting of the top officials from thethree nations. India was represented by Foreign SecretaryRanjan Mathai.Located in South East Iran, Chabahar port offers great opportunities in trade and commerce forIndia in Afghanistan and Central Asia.SUPREME COURT OF PAKISTAN GRANTED THREE-WEEK TIME TO PRIMEMINISTERThe Supreme Court of Pakistan on 27 August 2012 granted three-week time to the PrimeMinister Raja Parvez Ashraf in the show-cause notice for contempt of court regarding theimplementation of National Reconciliation Ordinance (NRO).The Supreme Court, on 8 August 2012, issued a contempt notice to Prime Minister Ashraf fornot implementing its order of writing a letter to the Swiss authorities to reopen a graft caseagainst President Asif Ali Zardari.A five-judge special bench of Apex Court comprising Justice Asif Saeed Khan Khosa, Justice EjazAfzal Khan, Justice Ijaz Ahmed Chaudhry, Justice Gulzar Ahmed and Justice Muhammad AtherSaeed heard the case.If the Prime Minister fails to implement the Supreme court’s order to write the letter to theSwiss authorities to reopen the graft case against President Asif Ali Zardari then he might alsoface the same fate like his predecessor Yusuf Raja Gilani. The apex court on 19 June 2012 haddisqualified and ousted Yusuf Raza Gillani from holding the prime minister office in thecontempt charge.INDIA CHINA AGREED TO SET UP JOINT WORKING GROUP ON TRADEAND INVESTMENTSIndia and China agreed to set up a joint working group (JWG) to look into issues related to tradeand investments. The decision to set up the JWG was taken at the meeting of India-China JointGroup on Economic Relations, Trade, Science and Technology in New Delhi on 27 August 2012.Besides, the two nations also agreed to adopt a five-year plan on economic cooperation. Theministerial level meeting was attended by Indian Commerce Minister Anand Sharma and hisChinese counterpart Chen Deaming.www.jagranjosh.com Current Affairs PDF August 2012 Page 28
  • 29. Current Affairs PDF August 2012 Page 29 The working group will submit its report within threemonths. The working group is set up even as Indiahas expressed serious concerns over the wideningtrade deficit with its neighbour and sought acorrection. On its part, China expressed seriousconcern over the imposition of duty on import ofpower equipment by New Delhi.The total bilateral trade between India and China for2011-12, stood at 75457.42 million dollar ascompared with 59000.36 million dollar in 2010-11. During 2011-12, the exports were 17902.98million dollar while the imports stood at 57554.44 million dollar. The provisional trade deficitfor 2011-12 was 39651.46 million dollar.The Joint Group on Economic Relations, Trade, Science & Technology was formed in 1988 whenthen Prime Minister Rajiv Gandhi visited Beijing.INDIA, AFGHANISTAN AND IRAN TO SET UP JOINT WORKING GROUP TOSPUR TRADEIran, India and Afghanistan discussed options forinvestment in the Chabahar Port, located in southeastIran. In a crucial trilateral meeting held on 26 August2012 ahead of the Non-Aligned Movement (NAM)summit, the three nations agreed to set up a jointworking group to spur trade and transit through theIranian port of Chabahar. Foreign Secretary Ranjan Mathai held dialogues with deputy foreign ministers of Iran andAfghanistan in Tehran to explore ways to expand trade and transit cooperation, includinginvestment, among the three countries, starting with the Chabahar Port.In a joint statement released after trilateral dialogue the three countries committed to meetwithin next three months at Chabahar to take the discussions forward.In another significant development Indian External Affairs Minister SM Krishna held bilateraldialogues with his Iranian counterpart Ali Akbar Salehi on 27 August 2012. The two leadersdiscussed issues related to trade and economy during the meeting. The two nations hoped totake their economic ties to a new level through increased cooperation in the economic sector.Iran is hosting the 16th Nan-Aligned Movement Summit in capital Tehran from 26 August to 31August 2012.INDIA AND IRAN DECIDED TO EXPAND TRADE AND ECONOMICCOOPERATIONwww.jagranjosh.com Current Affairs PDF August 2012 Page 29
  • 30. Current Affairs PDF August 2012 Page 30India and Iran 28 August 2012 decided to expand Trade and Economic Cooperation. The twonations agreed to expand trade and economic cooperation through the Chahbahar port. Theport will act as an important trade and transit point for Afghanistan and central Asia. On thenuclear issue, India expressed hope that progress will be on the P5 plus one dialogue in theinterest of peace and stability in the region. Both the nations agreed to set up an Indian culturalcentre in Tehran.India also discussed the issue of global governance confronting the developing world.INTERNATIONAL ATOMIC ENERGY AGENCY SET UP SPECIAL TASK FORCEFOR IRANInternational Atomic Energy Agency (IAEA), the internationalagency for the monitoring of nuclear energy, on 29 August2012 set up a special Task Force to handle inspections andother issues related to the Irans disputed nuclear programme.The Vienna based agency is aiming at handling the sensitiveIran issue by deploying the experts and other resources underone unit. IAEA, which regularly inspects Irans nuclear sites, hasvoiced growing concern over the lrans nuclear program.Tehran, however, has argued that its nuclear programme isentirely peaceful and there is no any military dimension to it.Iran has been at the target of western nations for carrying out its nuclear plan. The westernnations including US and European Union have been persuading Iran to stop its nucleardevelopment programme to yield to vital result. Iran has been facing tough economic sanctionsimposed by US and European Union. The Islamic state has dubbed the allegations made by USand its allies as ridiculous and maintained that the country has no military ambition behind itsnuclear programme.www.jagranjosh.com Current Affairs PDF August 2012 Page 30
  • 31. Current Affairs PDF August 2012 Page 31NATIONALSPECIAL COURT CONVICTED 32 PEOPLE IN NARODA PATIYA RIOT CASE A special court on 29 August 2012 convicted 32 people, including former Gujarat Minister Maya Kodnani and Bajrang Dal leader Babu Bajrangi in the 2002 Naroda Patiya riots case. The communal riot in Naroda Patiya in Gujarat had claimed the lives of 97 people from the minority community. Kodnani, a three-time BJP MLA from Naroda area and Bajrangi were held guilty under sections 120 (B) (criminal conspiracy), 302 (murder) and 307 (attempt to murder) ofIPC in the post-Godhra riots case.The court acquitted 29 other accused in the same case as it didn’t find any solid evidenceagainst them. The court will award the punishment to all the convicts on 31 August 2012. Thetrial in the case began in August 2009 and charges were framed against 62 accused.The massacre in the Naroda Patiya area had taken place a day after the Godhra train burningincident of 27 February 2002. On February 28, 2002 when a bandh call was given by the VishwaHindu Parishad (VHP), a large crowd gathered in the Naroda Patiya area and attacked peoplebelonging to minority community that resulted in the death of 97 people while 33 others wereinjured in the violence.SUPREME COURT OF INDIA UPHELD THE DEATH SENTENCE OF MUMBAITERROR ATTACK CONVICT AJMAL AMIR KASABSupreme Court of India on 29 August 2012 upheld the death sentence of Mumbai terror attackconvict Ajmal Amir Kasab. Upholding the death sentence of Kasab the Supreme Court bench ofJustice Aftab Alam and Justice CK Prasad held that waging war against the country was theprimary and foremost offence committed by the Pakistani terrorist.Kasab along with nine other Pakistani terrorists had executed the country’s one of the deadliestterror attack on 26 November 2008. They had travelled from Karachi by sea and had gone on ashooting spree at various city landmarks including Taj palace hotel, in which 166 people werekilled. While Kasab was captured alive, the other eight terrorists in his group were killed bysecurity forces during the counter-terror operations.The Apex Court’s order came after hearing to a petition filed by Kasab against the Bombay HighCourt’s decision to uphold his death sentence awarded by a special court. Since no advocatewas ready to take the case, Raju Ramchandran, senior Supreme Court lawyer, was appointedthe Amicus Curiea by the court.www.jagranjosh.com Current Affairs PDF August 2012 Page 31
  • 32. Current Affairs PDF August 2012 Page 32Kasab was awarded the death sentence by a special anti-terror court on 6 May 2010 on chargesof criminal conspiracy, waging war against the nation and various other provisions of the IndianPenal Code and the anti-terror law, Unlawful Activities (Prevention) Act. Later on 21 February2011, the Bombay High Court had upheld the special court’s verdict on 19 different chargesunder the IPC, the Arms Act, the Explosives Act, the Explosive Substances Act, the ForeignersAct, the Passport Act and the Railway Act.With the Supreme Court dismissed his mercy petition, Kasab can move to the President of Indiaseeking mercy. President of India holds the authority to pardon a death convict. As theSupreme Court confirmed his death sentence, became the 309th prisoner on death row inIndia. If executed, he will be the 52nd person to be hanged after India got independence.THE GOVERNMENT APPROVED A COMPLETE BAN ON EMPLOYMENT OFCHILDRENThe Union Government on 28 August 2012 cleared a proposal to put a complete ban onemployment of children up to the age of 14 both in hazardous and non-hazardous work byamending an anti-child labour Act. The Union Cabinet, approved bringing amendment to theChild Labour (Prohibition and Regulation) Act, 1986, which has also penal provisions for noncompliance.As per the existing Act, children below 14 years of age are allowed to work in industries notconsidered to be hazardous. Children between 14-18 years will also be defined as adolescentsin the amended Act. The amendment will also fulfill the mandate of Right to Education to freeand compulsory education for children in the age group of 6-15 years. It will also bring labourlaws in the country in line with International Labour Organisation norms.The Union Cabinet also referred the Land Acquisition Bill, to a Group of Ministers (GoM).GOVERNMENT OF INDIA ENACTED PROHIBITION OF CHILD MARRIAGEACT 2006The Government of India enacted the Prohibition of Child Marriage Act (PCMA) 2006, which willhave under its ambit all the States and Union Territories of India except the State of Jammu &Kashmir. The Act also applies to all citizens of India without and beyond India.Under the PCMA 2006, every child marriage is voidable at the option of the contracting partywho was a child at the time of the marriage, within two years of the child attaining majority.PCMA 2006 replaced Child Marriage Restraint Act (CMRA) of 1929. PCMA was notified in theGazette of India on 11 January, 2007 and has been enforced 1 November, 2007.SUPREME COURT OF INDIA ORDERED BETTER HEALTHCARE FOR BHOPALGAS TRAGEDY VICTIMSwww.jagranjosh.com Current Affairs PDF August 2012 Page 32
  • 33. Current Affairs PDF August 2012 Page 33In an order passed on 9 August 2012, the Supreme Court of India directed the government tomake all the medical records of Bhopal Gas victims computerised and issue health booklets andsmart cards to each victim. The court’s directive came as it seek to ensure better healthcareand proper implementation of relief and rehabilitation programme for thousands of victims ofworld’s worst industrial disaster.The Apex Court Bench of Chief Justice SH Kapadia and Justices AK Patnaik and Swatanter Kumarpassed the order on a petition filed by the Bhopal Gas Peedith Mahila Udyog Sanghathan.An Empowered Monitoring Committee will be set up to carry out the court’s order. Thecommittee will undertake the tasks such as making medical surveillance operational,computerisation of medical information, publication of ‘health booklets,’ etc. It will also ensurethat ‘health booklets’ and ‘smart cards’ are provided to each victim irrespective of where suchvictim is being treated.”BCCC ASKED TV CHANNELS TO BE EXTRA-CAUTIOUS WHILE SHOWINGVIOLENCE AGAINST WOMENThe Broadcasting Content Complaints Council (BCCC) in its report submitted to the Informationand Broadcasting Ministry, asked TV channels to be extra-cautious while showing violenceagainst women. BCCC received almost half of the complaints related to obscene scenes duringits first year of functioning.BCCC stated that during the period from 20th of June 2011 till the 2nd July 2012, out of the 717specific complaints received, 47 per cent were on obscenity and nudity while 16 per cent wereregarding depiction of violence.The BCCC directed some channels that since these programmes were not suitable for telecastduring general viewing hours, they should suitably modify the content and air suchprogrammes during restricted viewing hours. The main concern was use of vulgar language byparticipants and the alleged obscene acts performed by them during the shows.BCCC is the non-news television industry’s self-regulatory body. It was formed in July 2011.BIMAL GURUNG SWORN IN AS THE HEAD OF GORKHALANDTERRITORIAL ADMINISTRATIONThe Gorkhaland Territorial Administration (GTA), a semi-autonomous body for trouble-tornDarjeeling hills in West Bengal, sworn in on 4 August 2012. The 50-member body wasadministered oath by West Bengal Governor MK Narayanan in presence of Home MinisterSushil Shinde, West Bengal Chief Minister Mamata Banerjee and Railway Minister Mukul Roy.Bimal Gurung, President of Gorkha Janmukti Morcha (GJM), will head the first elected body ofthe GTA. The 50-member body will consists of 45 elected candidates and 5 nominatedcandidates.www.jagranjosh.com Current Affairs PDF August 2012 Page 33
  • 34. Current Affairs PDF August 2012 Page 34The Gorkha Janmukti Morcha (GJM) had emerged victorious on all 45 seats in the GorkhaTerritorial Administration (GTA) election. The party won 28 seats out of 45 uncontested while,the voting for remaining 17 GTA seats were held on 29 July 2012 and results were declared on 2August 2012.Gorkhaland Territorial Administration is the successor of Darjeeling Gorkha Hill Council whichcame into existence in 1988. Gorkhaland Territorial Administration was the result of three-yearlong agitation by Bimal Gurung led Gorkha Janmukti Morcha for separate Gorkhaland state. Theagitation which kicked off in 2007 culminated with the formation of GTA in 2011. In 2011, whenMamta Banrjee led Trinmool Congress stormed to power in West Bengal, three sides viz. UnionGovernment, West Bengal Government and GJM inked a tripartite agreement with respect tothe formation of GTA.The West Bengal Legislative Assembly had passed a legislation for the formation of Gorkha Landon 2 September 2011. According to the legislation the GTA will have administrative, executiveand financial powers but no legislative powers.UNION CABINET APPROVED THE LAUNCH OF SATELLITE TO STUDY MARSThe Union Cabinet on 3 August 2012 gave its consent to the launch of satellite to the Marsproposed in 2013. The Cabinet decision came following a meeting chaired by Prime MinisterManmohan Singh.The Department of Space had sent a proposal to the Union Cabinet, in which it had soughtgovernment’s permission to launch a satellite to study Mars, also called Red Planet. The IndianSpace Research Organisation (ISRO) is expected to launch a Mars Orbiter in November 2013with a 25kg scientific payload. The Mars mission will be launched by ISRO’s advanced PolarSatellite Launch Vehicle (PSLV). The objective of the mission is to study the climate, geology,origin, evolution and sustainability of life on the planet. If the ISRO fails to launch the MarsMission next year, other opportunites are available in 2016 and 2018.India has undertaken the massive space project with the help of United States, Russia, Europe,Japan and China. The mission is estimated to cost the government exchequer about 450 crorerupees. An initial allocation of 125 crore rupees was already made in the budget 2012-13.SPECIAL TRIBUNAL APPROVED MHA MOVE TO DECLARE SIMI AS ANUNLAWFUL ORGANIZATIONA special tribunal in its decision pronounced on 1 August 2012 approved the Ministry of HomeAffairs (MHA) move to declare Students Islamic Movement of India (SIMI) as an unlawfulassociation. The tribunal headed by sitting Delhi High Court Judge Justice VK Shali submitted itsreport to the Union Home Ministry. The tribunal was constituted to decide whether there wassufficient cause for declaring the association unlawful.www.jagranjosh.com Current Affairs PDF August 2012 Page 34
  • 35. Current Affairs PDF August 2012 Page 35The Union Home Ministry on 3 February 2012 had extended the ban on SIMI for another twoyears. SIMI was first designated as an unlawful association on 27 September 2001, given itsalleged involvement in the numerous terrorist incidents in the country. The organization alsobelieved to have a close rapport with dreaded terrorist organization like Lashker-e-Taiba.SIMI was founded by Mohammad Ahmadullah Siddiqi on 25 April 1977, in Aligadh, UttarPradesh. The organization was banned under the provisions of the Unlawful Activities(Prevention) Act, 1967. SIMI appealed against the ban in various courts including SpecialUnlawful Activities (Prevention) Act tribunals, but it was not given any respite. Though a specialtribunal in August 2008 had lifted the ban on SIMI, but the ban was soon restored by the thenChief Justice of India KG Balakrishnan, on 6 August, 2008.UNION GOVERNMENT APPROVED RELAXATION IN POLICIES RELATED TOTRANSFER OF GOVERNMENT LANDThe Union Government of India on 2 August 2012 approved relaxation in policies relating totransfer of government land. The objective of the policy is to speed up private-publicpartnership in the country and to fast-track pending infrastructure projects. The decision willensure that infrastructure projects are not held up for procedural delays.A ban was imposed in 2011 on transfer of government-owned land to any entity except in caseswhere land was to be transferred from one government department to another.This banhowever excluded the cases where the land was to be transferred from one governmentdepartment to another. The policy has also been relaxed for all land transfers from ministries tostatutory authorities or PSUs (Public Sector Units).Besides, the government allowed use and development of railway land by Rail LandDevelopment Authority (RLDA), as per the provisions of Railways Amendment Act, 2005.POWER TRIPPED IN NORTHERN, EASTERN AND NORTH EASTERN GRIDS:INDIA’S BIGGEST POWER BLACKOUTIndia witnessed its biggest ever power blackout on 31 July 2012. Post the collapse of thenorthern power grid twenty states in India were left with no electricity till late evening. This isthe second time that the country saw a power failure of a huge margin, interestingly both thefailures happened in a time frame of over twenty four hours.The collapse happened at around one o clock in the noon, when the northern grid tripped,which then immediately led to a similar effect on the eastern and north-eastern grids, as thetwo are connected as a common grid. The problem was compounded as several states hadremoved the under frequency relays that island their systems when grid disruptions occur.Apparently, the failure of the three power grids despite a stable electricity supply was due tothe mounting demand for electricity as monsoon rains remained deficient, outdated powertransmission equipments and utter lack of discipline by state utilities in drawing power.www.jagranjosh.com Current Affairs PDF August 2012 Page 35
  • 36. Current Affairs PDF August 2012 Page 36Among the states affected were Delhi, Uttar Pradesh, Haryana, West Bengal, Punjab, Jammu &Kashmir, Orissa, Bihar, Rajasthan, Jharkhand and Assam, meaning that the power trip coveredmore than half of the country’s population.Amongst the worst hit were the two hundred coal miners trapped in West Bengal andJharkhand as their shafts remained closed. Amongst the railways, almost three hundred trainsremained stranded, also the Delhi Metro, which is a life line to many came to a stop leaving thetraffic situation in the state a tizzy. During the peak hour the supply stood less than 40,000 MWagainst the demand of 130,000 MW.The situation came back to control later by evening on 31 July 2012, forty percent of the systemwas operating normally again and power was eventually restored over the states. The firstpower cut of this kind happened just few hours back on the night of 30 July 2012.ECONOMYGROWTH OF EIGHT CORE SECTORS SLIPPED TO 3.6 PERCENT IN JUNE2012 AGAINST 5.6 PERCENT IN JUNE 2011As per the official figures released on 31 July 2012, growth of eight core sectors slipped to 3.6percent in June 2012 against 5.6 percent in June 2011. During April-June 2012-13, thecumulative growth rate of the Core industries was 3.6 % as against their growth at 5.2% duringthe corresponding period in 2011-12. Core sector growth in May 2012 had moderated to 4percent, from 5.9 percent in May 2011.The Eight core industries that include crude oil, petroleum refinery products, coal, electricity,cement and finished steel have a combined weight of 37.90 per cent in the Index of IndustrialProduction (IIP).Coal: Coal production (weight: 4.38% in IIP) registered a growth of 7.2% in June 2012 comparedto its growth at (-) 3.0% in June 2011. The growth of the coal sector in cumulative termswitnessed a growth of 6.4% during April-June 2012-13 compared to its growth at 0.3% duringthe same period of 2011-12.Crude Oil: Crude Oil production (weight: 5.22% in IIP) registered a growth of (-) 0.8% in June2012 compared to its growth at 7.7% in June 2011. Cumulatively Crude Oil productionregistered a growth of (-) 0.5% during April-June 2012-13 compared to its growth at 9.5%during the same period of 2011-12.Natural Gas: Natural Gas production (weight: 1.71% in IIP) registered a growth of (-) 11.1% inJune 2012 compared to its growth at (-) 11.7% in June 2011. Cumulatively, Natural Gasproduction registered a growth of (-) 11.1% during April-June 2012-13 compared to its growthat (-) 10.2% during the same period of 2011-12.www.jagranjosh.com Current Affairs PDF August 2012 Page 36
  • 37. Current Affairs PDF August 2012 Page 37Petroleum Refinery Products: Petroleum refinery production (weight: 5.94% in IIP) had agrowth of 6.1% in June 2012 compared to its growth at 4.6% in June 2011. In cumulative terms,Petroleum refinery production saw a growth of 3.2% during April-June 2012-13 compared to its5.2% growth during (April-June) period of 2011-12.Fertilizers: Fertilizer production (weight: 1.25% in IIP) registered a growth of (-) 11.7% in June2012 against its growth at (-) 2.4% in June 2011. Cumulatively Fertilizer production had agrowth of (-) 12.2% during April-June 2012-13 corresponding to 1.1% growth during (April-June)period of 2011-12.Steel (Alloy + Non-Alloy): Steel production (weight: 6.68% in IIP) registered a growth rate of (-)0.5% in June 2012 against its 14.5% growth in June 2011. Cumulatively, Steel productionregistered a 3.6% growth during April-June 2012-13 compared to its 8.4% growth during thesame period of 2011-12.Cement: Cement production (weight: 2.41% in IIP) registered a growth of 10.2% in June 2012against its 1.7% growth in June 2011. The cumulative growth of Cement Production was 9.9%during April-June 2012-13 compared to its 0.1% growth during the same period of 2011-12.Electricity: Electricity generation (weight: 10.32% in IIP) had a 8.1% growth in June 2012compared to its 7.9% growth in June 2011. The cumulative growth of Electricity generation was6.4% during April-June 2012-13 compared to 8.2% growth during the same period of 2011-12.Indias economic growth rate dipped to nine-year low, both in the March quarter at 5.3percent, as well as for the 2011-12 fiscal at 6.5 percent on account of global economicslowdown and its own domestic problems thereby prompting the industry to demandimmediate and bold action to arrest slowdown. The data released by the Commerce Ministryon 1 August 2012 India’s exports in June also slipped by 5.45 per cent, year-on- year, to 25billion dollar on account of sluggish global economy.EGOM APPROVED 50% DIESEL SUBSIDY TO FARMERS IN DROUGHT HITAREAS TO SAVE KAHRIF CROPAn Empowered Group of Ministers (EGoM) on drought, headed by agriculture minister SharadPawar in a meeting on 31 July 2012 announced a 50 per cent diesel subsidy scheme for thefarmers to help them save the standing kharif crop through irrigation. The total subsidy burdenwould be around Rs 1,260 crore and is to be borne equally by the state governments and thefarmers. Districts that received 50 per cent deficient rainfalls can avail this facility. The subsidyscheme will be applicable in districts that had more than 50 per cent deficient rains as on 15July 2012The EGoM also approved an increase in the subsidy on the seeds of alternative crops undercontingency plans. A relief package of Rs 1440 crore was also cleared towards watersheddevelopment-related efforts in Karnataka, Maharashtra, Gujarat and Rajasthan where around56 lakh hectares of farmland are estimated to go uncultivated. Around Rs 500 crore waswww.jagranjosh.com Current Affairs PDF August 2012 Page 37
  • 38. Current Affairs PDF August 2012 Page 38approved for meeting drinking water-related challenges in these states. Rs. 453 crore would begiven under the National Rural Drinking Water Programme (NRDWP) to Maharashtra,Karnataka, Rajasthan and Haryana.It was decided in the EGoM meeting that the subsidy amount on seeds of cereals is to beincreased from Rs 500 a quintal to Rs 700 per quintal, while that of pulses and oilseeds wouldbe enhanced from Rs 1200 per quintal to Rs 2000 per quintal. The government has preparedcontingency plans for 320 districts.The Agriculture Ministry also decided to waive the duty on import of certain items to increasethe availability of feed ingredients for animal husbandry sector needs. Duty- free imports ofoilmeal is to be allowed to ensure feed availability to livestock. The withdrawal of customs dutyon oilmeal imports is to be applicable for de-oiled soyameal, sunflower, mustard and canolaoilmeal. Currently, oilmeal imports attract a duty of 15 per cent. DROUGHT-LIKE CONDITIONS The South-West monsoon created a drought-like situation in Karnataka, Maharashtra, Gujarat, Rajasthan, Haryana and Punjab. Of the 36 metrological sub-divisions, 17 have received normal or excess rains, while the remaining 19 had scanty or deficit rainfall. The rainfall deficit for the country was estimated at at 20 per cent as on 30 July 2012. About 400 of the 630 districts have received scanty or deficient rains in the 2012 monsoon. North- West India has witnessed a deficit of 31 per cent, while Central India witnessed 18 per cent shortfall in rains. South India was affected by a rain deficit of 52 per cent, while the shortfall is 10 per cent in East and North East India. Kharif crops have been sown in a total of 668.24 lakh hectares (lh) in 2012 as against 724.17 lh in the corresponding period in 2011. Crops such as rice, coarse cereals and pulses have witnessed a major decline in areas at 8.7 lh, 43.48 lh and 16.83 lh, respectively. However, soyabean has seen a rise of 16.9 lh, while sugarcane and cotton acreage has gone up by 5.89 lh and 3.2 lh this year.RBI SIGNED MOU WITH FINANCIAL REGULATORS OF 9 COUNTRIES TOPROMOTE SHARING OF INFORMATIONThe Reserve Bank of India (RBI) signed three memoranda of understanding – with JerseyFinancial Services Commission (JFSC), Financial Services Authority of UK and FinancialSupervisory Authority of Norway. The Memorandum of Understanding (MoU) was signed withregulators of other countries to promote greater co-operation and sharing of supervisoryinformation between the regulators. RBI signed nine MoUs thus far with financial regulators ofdifferent countries.www.jagranjosh.com Current Affairs PDF August 2012 Page 38
  • 39. Current Affairs PDF August 2012 Page 39The MoU with the Jersey Financial Services authority was signed on 16 July 2012. JerseyFinancial Services Commission (JFSC) is an independent statutory body. The main function ofJFC is the regulation, licensing and supervision of financial services providers for compliancewith prudential norms and conduct of business requirements in Jersey.The MOU with the Financial Services Authority (FSA), UK was signed on 17 July 2012 at FSA, UKHeadquarters, London. The FSA is the United Kingdom’s principal national financial services andmarkets regulator and administers the Financial Services and Markets Act 2000(FSMA) thatprovides for the supervision of firms, financial services, financial products as well the financialmarkets.The MoU with the Financial Supervisory Authority of Norway (Finanstilsynet) was signed on 19July 2012 at FSA, Norway headquarters. Finanstilsynet as the supervisory authority is entrustedwith supervision of banks (insurance companies and investment firms, etc.) in Norway as perthe Financial Supervision Act of 1956.INDIA’S FISCAL DEFICIT REACHED 37 PERCENT OF THE BUDGETESTIMATEAccording to the latest data released by the Controller General of Accounts (CGA) on 1 August2012, Indias fiscal deficit in the first quarter (April-June) of the fiscal year 2012-13 stood at 1.90lakh crore rupees which was 37 percent of the entire budget estimate.The Union Government in the budget 2012 had pegged the fiscal deficit for the financial year2012-13 at 5.13 lakh crore, or 5.1 percent of total GDP. Fiscal deficit during the correspondingperiod of fiscal year 2011-12 was 39 percent of the budget estimates amounting 1.63 lakh crorerupees.The revenue receipts, however, increased in the first three months of fiscal year 2012-13. Therevenue receipt during the given period stood at 1.18 lakh crore rupees, which was 12.7percent of the budget estimates. Total expenditure of the government stood at 3.12 lakh crorerupees, or 21 percent of the budget estimates.RBI DIRECTED NBFCS TO MAINTAIN NET-OWNED FUNDS (NOF) AT RS 3CRORE BY 31 MARCH 2013The Reserve Bank of India (RBI) in a notification issued on 3 August 2012 stated that allregistered non-banking financial companies (NBFCs) which who intend to convert themselvesinto non-banking financial company-micro finance institutions (NBFC-MFIs) would have to seekregistration with immediate effect, not later than 31 October 2012.The central bank also mentioned that the NBFCs have to maintain net-owned funds (NOF) at Rs3 crore by 31 March 2013, and at Rs.5 crore by 31 March 31 2014. If the NBFCs fail maintain theNOF they will have to ensure that lending to the micro finance sector, that is, individuals, SHGsor JLGs, which qualify for loans from MFIs to be restricted to 10 per cent of the total assets.www.jagranjosh.com Current Affairs PDF August 2012 Page 39
  • 40. Current Affairs PDF August 2012 Page 40The NBFCs operating in the north-eastern region are to maintain the minimum NOF at Rs.1crore by 31 March 2012, and at Rs.2 crore by 31 March 2014. OPERATIONAL FLEXIBILITY CAP MARGIN To promote operational flexibility the NBFCs are to The RBI also decided that the cap on ensure that the average interest rate on loans margins as defined by the Malegam during a financial year does not exceed the average Committee are not to exceed 10 per borrowing cost during that financial year plus the cent for large MFIs (loans portfolios margin, within the prescribed cap. The RBI exceeding Rs.100 crore) and 12 per notification also stated that while the rate of cent for others. The measure was interest on individual loans may exceed 26 per initiated to ensure that in a low cost cent, the maximum variance permitted for environment, the ultimate borrower individual loans between the minimum and the will benefit, while in a rising interest maximum interest rate cannot exceed 4 per cent. rate environment and that the lending NBFC-MFIs will have The average interest paid on borrowings and sufficient leeway to operate on charged by the MFI will have to be calculated on viable lines. the average monthly balances of outstanding borrowings and the loan portfolio, respectively.UNION CABINET SETS BASE PRICE FOR AUCTION OF 2G SPECTRUM AT14000 CRORE RUPEESThe Union Cabinet on 4 August 2012 approved the reserve price for auction of 2G spectrum aswell as spectrum usage charges (SUC). The Cabinet set the reserve price of 14000 crore rupeesfor the 5 megahertz pan-India spectrum in the 1800 megahertz band. The price is 22 percentlower than the telecom regulators suggestion. An auctioneer will be soon appointed to conducta fresh auction. The Cabinet also endorsed the EGoMs recommendation that the reserve pricefor the 800 megahertz band, which is used by CDMA operators, be fixed at 1.3 times the pricefor 1800 megahertz band.Telecom Regulatory Authority of India (TRAI) had recommended the base price at 18000 crorerupees, which drew a heavy criticism from telecom companies, who argued that the base pricesuggested by TRAI is irrational.INDIA’S NSE BECAME THE WORLD’S LARGEST BOURSE IN EQUITYSEGMENT AS PER WFE’S GLOBAL RANKINGwww.jagranjosh.com Current Affairs PDF August 2012 Page 40
  • 41. Current Affairs PDF August 2012 Page 41As per the latest global ranking compiled andpublished by the World Federation ofExchanges (WFE) in August 2012, the NationalStock Exchange of India (NSE) become theworld’s largest bourse in terms of the numberof trades in equity segment for the first sixmonths of 2012. A total of 735474 trades tookplace in the equity segment of NSE in theJanuary-June period of 2012, making it theworld’s largest exchange on this parameter.NSE was followed by NYSE Euronext andNasdaq OMX at the second and the thirdpositions.Industry experts attributed the recent position of NSE acquired by the bourse to growinginvestor base, use of latest technology and new products. NSEs platform is connected to twolakh trading terminals in more than 2000 towns and cities across the country.NSE is the second largest exchange globally after Korea Exchange for index options. Eurex wasthe third largest exchange worldwide in terms of total number of index options traded duringthe first six months of 2012.BSE recorded a total of 187824 trades during this period in its equity segment. The totalnumber of listed companies is much larger in case of the BSE, the exchange however lagsbehind NSE significantly in terms of volume and value of trades.The latest data published by WFE indicated that investors from tier-three cities contributedmore than 45 per cent of total cash market retail turnover in the financial year 2011- 12. Thetier-three cities account for more than half of the total retail investor base on NSE platform.RBI PERMITTED BANKS TO LEND TO TELECOM COMPANIES FOR THEUPCOMING AUCTION FOR SPECTRUMThe Reserve Bank of India (RBI) permitted banks to lend to telecom companies for theupcoming auction for spectrum, subject to conditions such as mortgaging the spectrum to thelenders. The RBI had laid down a few pre-conditions for financing of telecom firms for theauction of airwaves to protect banks against potential defaults.The Union cabinet on 3 August 2012 approved a proposal that allows telecom companiesbidding for airwaves to mortgage spectrum to raise funds from banks. The government set areserve or base price of Rs 14000 crore for the auction.That banks were revising their lending rates in specific maturities without lowering the baserate concerned the RBI. This activity of the banks resulted in the transmission of monetarywww.jagranjosh.com Current Affairs PDF August 2012 Page 41
  • 42. Current Affairs PDF August 2012 Page 42policy signals by the central bank to be ineffective. The base rate is supposed to be responsiveto changes in monetary conditions.The RBI had formed a committee to assess the monetary policy transmission mechanism andalso loan products offering fixed interest rate. The RBI want banks to enact changes in lendingrates through their respective benchmark base rates for floating-rate loans.FITCH RATINGS REVISED THE INDIAN RETAIL SECTOR OUTLOOK FOR THESECOND HALF 2012-13 TO NEGATIVEFitch Ratings revised the Fitch Ratings revised the Indian retail sector outlook for the secondhalf of the financial year 2012-13 to negative from stable in the backdrop of a decline in thediscretionary spending ability. Fitch has revised down its real GDP forecasts to 6.5% and 7.0%for 2013 and 2014 respectively from the earlier 7.5% and 8.0%. The downward revision wasattributed to sluggish demand, high construction costs and liquidity pressures. The worseningbusiness conditions are likely to negatively impact credit profiles. The impact on individualretailers however depends on their ability to manage their capital structures.According to the rating agency the Private Final Consumption Expenditure (PFCE) growth rate,which was weakest in the last seven years in the first six months of 2012, cannot be expected toimprove significantly unless consumer price inflation dips and consumers receive a significantraise in real wages.The agency stated that RBIs caution on interest rate cuts and high EMIs continue to be adeterrent for potential home buyers. The general slowdown and subdued job growth in the ITsector, which was at its lowest quarterly level so far is likely to hold back demand forcommercial and retail properties. Real estate companies will continue to face margincompression from high construction costs for both building materials and labour. ASSUMPTIONS Fitch assumes that retailers will combat slowing SSG across format (lifestyle and value) by offering discounts, which in turn would help boost volumes and consequently overall revenue. However, this may lead to an erosion of gross margins. Margin contraction, expansion plans as well as the need for inventory as retailers open up new stores, will increase working capital requirements which will be largely debt-funded. Companies, were however observed to be implementing various strategies to contain the debt, including raising equity and selling certain non-related assets and business segments to help in the maintenance of credit profiles.www.jagranjosh.com Current Affairs PDF August 2012 Page 42
  • 43. Current Affairs PDF August 2012 Page 43INDIA’S INDUSTRIAL OUTPUT DECLINED TO 1.8 PERCENT IN JUNE 2012India’s industrial output plunged to 1.8 per cent in June 2012 compared to 9.5 per cent growthregistered during June 2011. For the first quarter, the index of industrial production (IIP)declined 0.1 per cent against 6.9 per cent growth in the same quarter of fiscal 2011-12. Thefigure released by the Central Statistics Office of the Ministry of Statistics and ProgrammeImplementation on 9 August 2012.Manufacturing sector at -3.2 per cent and mining sector at 0.6 per cent largely hurt the overallIIP growth in June 2012. Manufacturing sector had recorded 11.1 per cent growth and miningsector output declined by 1.4 per cent in June 2011.The capital goods category recorded a decline of 27.9 per cent in output in June 2012, while,the category had seen a 38.9 percent growth in the same month in 2011.Basic goods output grew 4.1 per cent in June against 7.8 per cent growth in the June 2011.Growth of Intermediate goods remained unchanged at 1.6 per cent.Consumer durables witnessed a growth of 9.1 per cent. However, consumer non-durablesdeclined 1 per cent in June against a growth of 4.3 per cent in the same month last year.Power sector registered a marginal 8.8 per cent growth in June 2012, higher than 8 per centgrowth recorded in the same month in 2011.The weak number of IIP could force Reserve Bank of India to cut policy rates at the next mid-quarter monetary policy review meeting slated for mid-September. Thus far the central bankhas been counting on tight monetary policy to keep inflation in check. RBI had left the keypolicy rates unchanged in its mid-quarterly monetary policy review in July 2012. INDEX OF INDUSTRIAL PRODUCTION (IIP) (Index of Industrial Production IIP) is compiled using data received form 16 source agencies including Department of Industrial Policy & Promotion (DIPP); Indian Bureau of Mines; Central Electricity Authority; Joint Plant Committee; Ministry of Petroleum & Natural Gas; Office of Textile Commissioner; Department of Chemicals & Petrochemicals; Directorate of Sugar; Department of Fertilizers; Directorate of Vanaspati, Vegetable Oils & Fats; Tea Board; Office of Jute Commissioner; Office of Coal Controller; Railway Board; Office of Salt Commissioner and Coffee Board.MOODY’S CUT INDIA’S GROWTH FORECAST TO 5.5 PERCENTMoodys Analytics cut Indias growth forecast to 5.5 percent for the fiscal year 2012-13, as itblamed government or RBI of inaction despite slowing economy, as well as a poor monsoon.www.jagranjosh.com Current Affairs PDF August 2012 Page 43
  • 44. Current Affairs PDF August 2012 Page 44The research unit of ratings agency Moodys Investors Service becomes the latest to cut Indiasgrowth forecasts this week.Earlier CLSA and Citigroup had cut their growth outlooks for India to 5.4 percent and 5.5percent, respectively for the fiscal year ending in March 2013. Moody’s noted despite theslowing growth both the government and the Reserve Bank of India had provided little policyresponse. Moodys added weaker-than-average rainfalls during the monsoon period would alsoweigh on Indias growth. The research unit also cut its 2013 growth forecast to 6 percent from6.2 percent.INDIA’S FDI INFLOW PLUNGED 53 PERCENT IN APRIL-JUNE QUARTER OFFISCAL 2012-13According to the FDI data released by Reserve Bank of India (RBI) on 10 August 2012, ForeignDirect Investment (FDI) inflow in India declined to 5.4 billion dollar in the April-June quarter offiscal 2012-13. The figure stood at 12.2 billion dollar during the same period of fiscal 2011-12.On a cumulative basis FDI flows into India registered a fall of 53 percent as it was estimated at7.7 billion dollar in the first quarter of the financial year 2012-13 compared to 16.3 billion dollarduring the corresponding period of previous year.Overall foreign investment, however, remained on positive trajectory with inflows estimated tohave declined nearly 83 percent to 2 billion dollar, compared to 11.6 billion dollar in April-June2011.With poor show on investment front and higher trade deficit, India’s balance of payment islikely to aggravate further. As per the RBI data released on Balance of Payment for the lastquarter of fiscal 2011-12, the trade deficit exceeded 50 billion dollar (10.6 per cent of GDP) andcurrent account deficit rose to 21.7 billion dollar (4.5 per cent of GDP).CURRENT ACCOUNT DEFICIT (CAD)India’s current account deficit (CAD) was at 30-year record high of 4.2 per cent of the GDP in2011-12. CAD occurs when country’s total imports and transfers exceeds its total exports andtransfers. High level of CAD leads to the deterioration in the value of a currency, while it alsohurts the economy.INDIA’S EXPORTS DECLINED TO 22.4 BILLION DOLLAR IN JULY 2012India’s exports for the month of July 2012 stood at 22.4 billion dollar registering a decline of -14.8 percent as compared to 26.3 billion dollar during the same month of 2011. Imports duringJuly 2012 stood at 37.9 billion dollar as compared to 41.1 billion dollar in July 2011. Balance ofTrade stood at 15.5 billion dollar during July 2012 as compared to 14.8 billion dollar in July2011. The trade data were released by the Union Ministry of Commerce and Industry on 14August 2012.www.jagranjosh.com Current Affairs PDF August 2012 Page 44
  • 45. Current Affairs PDF August 2012 Page 45The cumulative figure for exports for the period of April-July 2012 stood at 97.6 billion dollar ascompared to 102.8 billion dollar in April-July 2011; The cumulative figure for imports for April-July 2012 stood at 153.2 billion dollar as compared to 163.8 billion dollar in April-July 2011. Thecumulative figure for the Balance of Trade for the period of April-July 2012 stood at 55.6 billiondollar as compared to 61.0 billion dollar in April-July 2011.INDIA’S HEADLINE INFLATION EASED TO 6.87 PERCENT IN JULY 2012India’s annual headline inflation for the month of July 2012 eased to its three-year low of 6.87percent in July 2012 from 7.25 percent in June 2012 and 9.63 percent in July 2011. The monthlyinflation figure was released by the Union Ministry of Commerce and Industry on 14 August2012. Despite the inflation appears to be on a downward trajectory, RBI is unlikely to take a callon easing the key policy rates as inflation still remain way above its comfort level of 5-6percent.Owing to the meager drop in vegetables price food inflation which has a share of about 15 percent in the Wholesale Price Index basket, fell marginally to 10.06 per cent in July 2012 from10.81 per cent in the previous month.Inflation in manufacturing sector or core inflation rose to 5.58 percent in July 2012 as comparedto 5 percent in June 2012. Rise in core inflation was mainly attributed to higher prices of cottontextiles, paper and paper products, cement and lime.The Apex Bank is scheduled to undertake its mid-quarter monetary policy review on 17September 2012. Notwithstanding the dipping trend in inflation, there are remotest possiblitiesof RBI Governor taking any call on easing policy rates as he has reiterated that inflation is stillabove the RBIs comfort mark of 5-6 percent. There have been vociferous demands fromvarious quarters to relieve the tight monetary policy stance, which is apparently hurting thegrowth of the economy. RBI had left the policy rates unchanged in its quartely monetary policyreview in July 2012.INTER-MINISTERIAL GROUP RECOMMENDED LINKING PATENTED DRUGPRICES TO PER-CAPITA INCOMEAn inter-ministerial group formed in 2007 and entrusted with the responsibility of regulatingprices of patented medicines recommended using a per capita income-linked reference pricingmechanism. The proposal by the group is expected to reduce prices of several patented dugs byup to one-third. However it will hit the profitability of foreign companies.The committee suggested fixing the price of patented drugs by comparing the price at whichthese drugs are procured by governments in the UK, Canada, France, Australia and NewZealand. The committee recommended that the retail price is to be fixed by adjusting it to theper capita income of the country. The new mechanism is to be applicable for patented drugsthat don’t have any therapeutic equivalents in the market.www.jagranjosh.com Current Affairs PDF August 2012 Page 45
  • 46. Current Affairs PDF August 2012 Page 46For patented drugs that have similar alternatives in the market, the price is to be fixed in such amanner that it should not lead to an overall increase in the treatment cost. If the global launchof the patented drug takes place in India, the retail price will have to be based on the cost ofdeveloping the drugs and other factors. Prices of patented drugs are currently unregulated. Patented drugs account for 1% of the $13-billion domestic market. This share is expected to grow to 5% of the estimated $50-60 billion drug HISTORICAL BACKDROP market by 2020. The Indian Pharmaceutical Alliance, the India had adopted a new product patent representative body of big Indian drugmakers, regime in 2005 after it became a supported the reference-based system. The signatory to TRIPS, an international Organisation of Pharmaceutical Producers of intellectual property protection India (OPPI), the lobby body of multinationals agreement, providing 20 years of however stated that the cross-country per capita marketing exclusivity to the patent income-linked proposal is fundamentally flawed. holder. Global innovator companies such as GSK, Bayer AG, Novartis, Merck The Indian government is of the opinion that if & Co and Bristol Myers Squibb who patented drugs are not regulated, these would started launching their drugs in India remain unaffordable for most Indians. A WHO continue to remain jittery about the study stated that as many as 79% of Indian government’s policies aimed at reducing patients pay for their healthcare expenditure healthcare costs. They complain that from their own pockets. However it must also be India’s implementation of intellectual noted that if the government fixes the prices of property rights has been unsatisfactory. these drugs at excessively low levels, companies may stop selling drugs in the market.PMEAC PEGGED INDIA’S GROWTH AT 6.7 PERCENT IN THE FISCAL YEAR2012-13According to the Economic Outlook 2012-13 released by Prime Minister Economic AdvisoryCouncil on 17 August 2012, India’s economy will grow at 6.7 percent in the financial year 2012-13. India economy had registered 6.5 percent growth in the fiscal 2011-12, which was thelowest in the past nine years.The council also raised the projection for inflation to about 6.5 – 7 percent from earlier 5 – 6percent.The government’s fiscal deficit is expected to go up to 6 percent in the financial year 2012-13 ascompared to 5.8 percent in the previous fiscal.The current account deficit of the government pegged at 67. 1 billion dollar (3.6 percent ofGDP).Reserve Bank of India (RBI) had earlier lowered its growth projection for 2012-13 to 6.5 percent from 7.3 per cent estimated earlier. Other global agencies had also cut their growthwww.jagranjosh.com Current Affairs PDF August 2012 Page 46
  • 47. Current Affairs PDF August 2012 Page 47forecast for Indian economy on the account of paralyzed policy reforms, high policy rates andweak monsoon.The PMEAC in its report advised the government to take some concrete measures to reversethe pessimistic economic environment in the country. To accelerate the stalled reform councilChairman C Rangrajan urged the government to open multi-brand retail to foreign investment.It also recommended the government to raise diesel prices in one or more steps to moderatethe widening fiscal deficit.INDIA’S RETAIL INFLATION DECLINED TO 9.86 PERCENT IN JULY 2012According to the retail inflation data released by Central Statistics Office (CSO), on 21 August2012, India’s Consumer Price Index (CPI) based retail inflation came down to 9.86 percent inJuly 2012. The retail inflation number for June 2012 was revised downwards to 9.93 per centfrom the provisional estimate of 10.02 per cent.Prices of vegetables, edible oil, egg, meat, fish, pulses shot up considerably keeping the overallretail inflation high during the month of July.Inflation rates for rural and urban areas stood at 9.76 per cent and 10.10 per cent in July 2012.As per the revised data, the inflation rates for rural and urban areas stood at 9.65 per cent and10.44 per cent in June 2012.The Wholesale Price Index (WPI) based headline inflation also declined to 6.87 percent in July2012. The WPI inflation stood at 7.25 percent in June 2012.REGULATOR SEBI PERMITTED SEVEN ALTERNATIVE INVESTMENT FUNDS(AIFS) TO START OPERATION IN INDIAMarket regulator Securities and Exchange Board of India (SEBI) in August 2012 permitted sevenAlternative Investment Funds (AIFs) to start operation in India under a newly formulated routethat enable pooling of funds for investments in areas such as real estate, private equity andhedge funds. Six AIFs registered with the regulator in August 2012, while one was grantedregistration back on 23 July 2012. SEBI had published its guidelines with regard to AIF in May2012.The seven AIFs that registered with SEBI include IFCI Syncamore India Infrastructure Fund,Utthishta Yekum Fund, Indiaquotient Investment Trust, Forefront Alternate Investment Trust,Excedo Realty Fund, Sabre Partners Trust and KKR India Alternate Credit Opportunities Fund.Funds established or incorporated in India for the purpose of pooling in of capital from Indianand foreign investors for investing would have to follow a pre-decided policy. SEBI decided toallow promoters of listed companies can offload 10 per cent of equity to AIFs such as such aswww.jagranjosh.com Current Affairs PDF August 2012 Page 47
  • 48. Current Affairs PDF August 2012 Page 48SME Funds, Infrastructure Funds, PE funds and Venture Capital Funds registered with themarket regulator to attain minimum 25 per cent public holding.AIFs, as per SEBI guidelines can operate broadly in three categories and it is mandatory forthem to get registered with the regulator. The SEBI rules apply to all AIFs, including thoseoperating as private equity funds, real estate funds and hedge funds, among others. AIF CATEGORIES  The Category I AIFs are those where funds stand a chance of getting certain incentives or concessions from the government, SEBI or other regulators in India and include Social Venture Funds, Infrastructure Funds, Venture Capital Funds and SME Funds.  The Category II AIFs are those funds which can invest anywhere in any combination but are prohibited from raising debt, except for meeting their day-to- day operational requirements. These AIFs include PE funds, debt funds or fund of funds, as also all others falling outside the ambit of Category I and Category III.  The Category III AIFs are those trading with an objective to make short term returns and include hedge funds, among others.UNION FINANCE MINISTRY APPROVED 49 PERCENT FDI IN INSURANCEAND PENSION SECTORIn a move aimed at encouraging investment sentiment in the country, the Union FinanceMinistry on 22 August 2012 approved 49 percent foreign direct investment in insurance andpension sector. Earlier the permitted level of FDI in theinsurance and pension sector was 26 percent.The proposal for 49 percent FDI in insurance and pensionsector was made during Pranab Mukherjee’s tenure at thefinance minister office. However, the decision on the samewas delayed because of resistance from the cronies.With the approval of Union Finance Ministry, the bill will nowbe discussed in the cabinet and will require to be approvedby the parliament. The chances of the bill getting through inthe monsoon session of the parliament are very low asopposition parties have been consistently stalling the house on the issue of coal scam. Themonsoon session is set to end on 27 August 2012.As per the Insurance Regulatory and Development Authority (IRDA) estimates, over the nextfive years, the insurance sector requires a capital infusion of more than 12 billion dollar. Thewww.jagranjosh.com Current Affairs PDF August 2012 Page 48
  • 49. Current Affairs PDF August 2012 Page 49Union Government has been trying hard to introduce the major reforms to revive the ailingeconomy. The measures such as FDI in multi -brand retail and civil avaiation, implementation ofGoods and Services Tax (GST) have, however, faced fierce opposition from different politicalparties.Indian economy is rapidly moving towards the grim economic situation similar faced during therecession. The economy needs some big ticket reforms to reverse the pessimistic economicenvironment. Indias GDP growth fell to 6.5 percent during 2011-12 but the fourth quartergrowth rate dropped to 5.3 percent, the slowest in past nine years. Business confidence amongthe investors and business leaders has touched the historic low as industrial output and tradefigures are constantly going down.The tight monetary policy measures adopted by the central bank to check inflation has actuallyaggravated the situation as high interest rates are hugely impacting the overall growthscenario. Indian industries have been reiterating that there is an urgent need to createconditions for revival of private investment.The FDI in insurance might prove to be a start of the long pending reform but the Union FinanceMinister P Chidambaram will have to work hard on political front to make it possible. Earlier thegovernment had to defer the decision on the bill as it faced opposition from its allies such asTrinammol Congress.INDIA EASED EXTERNAL OVERSEAS BORROWING RULES TO ENABLEEASIER ACCESS TO CHEAP DOLLAR FUNDSThe high-level committee on external commercial borrowings (ECB),chaired by secretary,department of economic affairs Arvind Mayaram on 22 August 2012 decided to furtherliberalise the foreign borrowing norms.India eased overseas borrowing rules to enable easier access to cheap dollar funds to housingfinance companies such as HDFC, small industry financier SIDBI. It was decided to permittednon-resident entities to provide rating enhancement facility to Indian borrower. India’smeasure to ease overseas borrowing is expected to boost capital inflows by permitting lowerrated companies to raise dollar funds. Even a company with low credit rating will be able toraise foreign funds using credit enhancement facility that states that third party is to assure thelender that he will be compensated if the borrower defaulted.The government permitted foreign entities to provide credit enhancement to rupee bonds ofIndian companies which will improve their appeal to investors. The minimum maturity period ofsuch rupee bonds was reduced from seven years to three years.Manufacturing sector too now will enjoy access to cheap dollar funds and they will be thus ableto revive investments plans stuck on account of high costs. Earlier, only infrastructure andinfrastructure finance companies could issue rupee-denominated bonds with guarantees frommultilateral or regional financial institutions.www.jagranjosh.com Current Affairs PDF August 2012 Page 49
  • 50. Current Affairs PDF August 2012 Page 50THE DECISION TAKEN BY THE HIGH-LEVEL COMMITTEE ON 22 AUGUST 2012INCLUDES THE FOLLOWING:  Foreign institutional investors were permitted to invest in these bonds upto US$5 billion within the overall corporate bond limit of US$45 billion.  The minimum maturity period for rupee bonds was reduced to three years  Credit enhancement to provide an enabling mechanism for Indian companies to raise foreign debt  Costly credit observed to be one of the key issue impeding investments.  The panel also decided to increase the maturity of such buyers credit to maximum five years thereby allowing companies flexibility in payment. Extending refinance facility to SPVs will ease debt financing for infra projects.ADVANTAGES FOR LOWER-RATED COMPANIESThe guarantee for domestic companies from offshore entities effectively lifts the credit ratingsof the bonds thereby benefitting lower-rated borrowers. Indian companies have always beenconstrained in their funding options due to high domestic interest rates and difficulties intapping markets overseas.The actions targeting credit guarantees will benefit sectors such as telecoms and energy, whereforeign companies often operate via Indian units, but whose domestic borrowing getconstrained if they had lower ratings than their parent companies.Infrastructure and manufacturing companies can re-finance a higher proportion of their rupeeborrowings via cheaper overseas debt. These infrastructure and manufacturing companies cannow tap overseas loans up to 75% of their average forex earnings over the previous threefinancial years from 50% previously.PUBLIC ACCOUNTS COMMITTEE (PAC) CALLED FOR DETERRENT PENALPROVISIONS AGAINST UNITS IN SEZSParliaments Public Accounts Committee on 23 August 2012 decided to bring the three latestCAG reports on coal allocations, GMR-run Delhi airport and Reliance Power, onto its agenda forthe year 2012.The Public Accounts Committee (PAC) in its meeting on 23 August 2012 called for deterrentpenal provisions against units in Special Economic Zones which default duty payments to theexchequer. PAC in a report adopted in the meeting recommended an oversight mechanismwhich would ensure no misuse of the SEZ policy.The PAC panel based its findings on a sample of 22 SEZ units. The panel found that out of anoverall export of Rs 7149.23 crore made by 22 SEZ units, the actual export content was only Rs1999.27 crore (28%) and the remaining Rs 5149.96 crores (72%) related to Domestic Tariff Areaearnings.www.jagranjosh.com Current Affairs PDF August 2012 Page 50
  • 51. Current Affairs PDF August 2012 Page 51PANEL FINDINGS & RECOMMENDATIONSThe report stated that low figures of actual physical export of goods were typical of most SEZunits. The aim of SEZ Act was to boost exports and earning of foreign exchange by giving theseunits certain duty waivers and incentives. PAC however observed that there is no mandatoryrequirement of undertaking exports in the SEZ legislation. Since the units located in SEZs enjoytax benefits and are expected to fuel economic growth, PAC recommended revisiting thescheme.The committee recommended that all SEZs undertake physical export of at least 51% of theirproduct, and even import tax waivers raw material for goods falling under the Domestic TariffArea (DTA) is to be considered on the credit account of the SEZ firms.It was noted that SEZ units could sell their goods, including by products, and services in DTA onpayment of applicable duty including at nil rate with no requirement to payback the dutyforegone on inputs used in the clearance of products. This policy will put SEZ units at a distinctlyadvantageous position compared to similar units in the DTA.RESERVE BANK OF INDIA (RBI) TRANSFERRED A SURPLUS OF RS 16010CRORE TO THE UNION GOVERNMENTThe Reserve Bank of India in its annual report released on 23 August 2012 mentioned that ittransferred a surplus of Rs 16010 crore to the union government during 2011-12 which is 6.7%more than Rs 15,009 crore transferred in 2010-11.The central bank’s gross income increased by43.4% to Rs 53176 crore in 2011-12. Its expenditure however rose by 17.1% to Rs 10137 core.After transfers to the contingency reserve, the asset development reserve and the fourstatutory funds, Rs 16010 crore was allocated for transfer to the centre.The Reserve Bank recorded a sharp rise in its income from domestic resources as it aggressivelybought bonds through its open market operations. However, the lower interest rates in theadvanced markets led to a dip in income from foreign currency assets for the third consecutiveyear.The earnings from domestic sources increased by Rs 17446 crore to Rs 33366 crore in 2011-12,an increase of 109.6% earned from liquidity adjustment facility (LAF) operations, higher couponreceipts on an increased portfolio of government securities and profit on sale of securities.The Reserve Bank’s earnings from the deployment of foreign currency assets (FCA) and gold fell6.3% to Rs 9810 crore in 2011-12. The rate of earnings on FCA and gold was lower at 1.47% in2011-12, compared with 1.74% in 2010-11 because of the low interest rates in internationalmarkets.SEBI ALLOWED PARTIAL FLEXIBILITY IN IDRS FOR INVESTORSwww.jagranjosh.com Current Affairs PDF August 2012 Page 51
  • 52. Current Affairs PDF August 2012 Page 52India’s market regulator Security and Exchange Board of India (SEBI) on 28 August 2012 allowedpartial flexibility in the conversion of Indian Depository Receipts (IDRs) into equity shares byinvestors. The SEBI move is aimed at retaining domestic liquidity besides, it is also expected toattract foreign entities to enroll their IDRs on India stock exchanges.In another circular released by the RBI, the central bank put an overall cap of 5 billion dollar forraising of capital through IDRs by foreign companies in Indian markets. The RBI measure willhelp Indian investors to convert their depository receipts into equity shares of the issuercompany and vice versa.STATEUTTARAKHAND ANNOUNCED A SUBSTANTIAL HIKE IN LANDCOMPENSATION TO VICTIMSThe state government of Uttarakhand on 28 August 2012 announced a substantial increase inland compensation to victims. The land compensation to victims in hilly areas was increasedfrom 240 rupees per nali (land area) to 2500 rupees per nali.In the plains, such compensation was increased from 12000 rupees per hectare to 1.25 lakhrupees per hectare. Besides, the government decided to have one Secretary who will head boththe departments, horticulture and agriculture. The state government would also modernizemandi samitis and make them hi-tech and introduce contract farming in the state.ORISSA IS THE FIRST STATE TO COMMENCE E-PAYMENT FACILITY FORGOVERNMENT EMPLOYEESOrissa became the First Indian state to commence e-payment facility for governmentemployees from 1 August 2012.Now, the government employees in the state will receivetheir salaries and pensions through the online Portal ofReserve Bank of India. Employees received their salariesand pensions directly to their bank account.Reserve Bank of India took an initiative for e-paymentfacilities.THE CHIEF MINISTER OF ODISHA RESHUFFLED HIS CABINET MINISTRYThe Chief Minister of Odisha reshuffled his Cabinet Ministry on 2 August 2012. Patnaiksuspended MP Priyamohan Mohaptra. He dropped Five Ministers and introduced Three CabinetMembers and Six Ministers in his Cabinet.www.jagranjosh.com Current Affairs PDF August 2012 Page 52
  • 53. Current Affairs PDF August 2012 Page 53The CM of the state dropped five Ministers namely; Ghadai, Prafulla Samal, Atanu SabyasachiNayak, Pushpendra Singhdeo and Pratap Jena.The Six new Ministers appointed by the Chief Minister of the State are:- Pratap Keshari Deb,Subrat Tarai, Rajanikant Singh, Sarojini Hembram, Arun Kumar Sahu and Rabi Narayan Nanda.Damodar Rout and Routray were appointed as the new Cabinet Minister of Health and FamilyWelfare and Forest and Environment department respectively.Debi Prasad Mishra was appointed as the Minister for Agriculture, Fisheries and AnimalResources Development. She was the former Minister of Forest and Environment department.In addition, Rajanikant Singh was appointed as the Minister of Steel and Mines department.Usha Devi became the minister for Women and Child Development department. Arun KumarSahu had given charge for the Energy department.Patnaik has 21 member ministry with only two women ministers Usha Devi and SarojiniHembram, three tribal members (L.B. Himirika, Ramesh Majhi and Sarojini Hembram) andSubrat Tarai is a single member from scheduled caste community.According to the Constitution of India, Odisha can have maximum number of 22 ministers intheir state.EGOM DECIDED TO INVEST RS. 425 CRORE FOR GUJARAT DROUGHTRELIEFThe Union Government decided to invest Rs. 425 crore for Gujarat Drought Relief on 3 August2012. The decision took in the meeting with the Chief Minister of Gujarat. It was headed by theUnion Agriculture Minister and Rural Development Minister.The Empowered Group of Ministers (EGoM) was also agreed to consider the demand of thestate to extend the employment opportunities for the state under Mahatma Gandhi NationalRural Employment Guarantee Act (MNREGA), 2005.The Chief Minister of Gujarat decided to leave 30 percent draught relief funds spent by Stategovernment.ANNUAL PLAN SIZE FOR JHARKHAND FINALISED AT 16300 CRORERUPEESThe Annual Plan for Jharkhand for the fiscal year 2012-13 finalised at 16300 crore rupees. Theplan size was finalised at a meeting between Planning Commission Deputy Chairman MontekSingh Ahluwalia and Chief Minister of Jharkhand, Arjun Munda in New Delhi on 6 August 2012.Discussing the progress made by the state government the Planning commission noted that thetotal literacy rate in Jharkhand has improved from 54.13 percent in 2001 to 67.63 percent inwww.jagranjosh.com Current Affairs PDF August 2012 Page 53
  • 54. Current Affairs PDF August 2012 Page 542011. But it is still lower than the National Literacy Rate of 74.04 percent in 2011. As per census2001 the gender gap in literacy was 28.4 percent. In 2008 this gap was reduced to 27.31percent (As per NSS data).The overall GSDP growth rate of Jharkhand reached at the peak level of 20.5 percent in 2007-08which turned negative at -1.7 percent in 2008-09 and subsequently improved to 5.0 percentand 6.0 percent respectively in 2009-10 and 2010-11. The growth of agriculture sector was 5.6percent in 2007-08 and which significantly improved to 16 percent in 2008-09 but again camedown to 1.8 percent in 2009-10. The growth rate of agriculture sector however improved to 7.7percent in 2010-11. Similarly the growth rate of industry sector was very high at 44.7 percent in2007-08 which suddenly dipped to -2.4 percent in 2008-09 and also remained at low level of 0.8percent in 2009-10 and -0.1 percent in 2010-11. The growth of service sector has been goodcompared to the Primary and Secondary sectors. The growth rate of the services sector was12.3 percent, 8.8 percent, 9.7 percent and 9.9 percent respectively in 2007-08, 2008-09, 2009-10 and 2010-11.The Per Capita income of Jharkhand at 1999-2000 (constant) prices increased from 15303rupees in 2007-08 to 16294 rupees in 2008-09 but was still lower than the all India per capitaincome of 25494 rupees in 2008-09. The Per Capita Net State Domestic Product of Jharkhandwas 22902 rupees in 2011-12 compared to 38005 rupees All India Per Capita NDP.The focus during the 12th plan would be on catching up with the rest of country in humandevelopment indices and continuing efforts to create investment friendly environment. Roadtransport, health care and education would also be given special attention. Besides, the Statewould pursue an ambitious plan of 10 per cent growth in the 12th plan in order to double percapita income by 2016-17. Target for the growth of agri sector pegged at 6.5 percent whilegrowth target for industries pegged at 12.5 percent.STATE GOVERNMENT OF GOA LAUNCHED LADLI LAXMI SCHEMEState Government of Goa launched Ladli Laxmi Scheme on 6July 2012. Women and Child Welfare department initiatedthis scheme. The meeting was headed by the Chief Minister ofGoa. It aims to prevent female foeticide in the state.Under this scheme, girls who are 18 years and above wouldbe provided with Rs. 1 Lakh for their marriage. This scheme isfor those girls who lie between the age group of 18-40 years.This scheme is valid for those girls whose parents are living inGoa for the last 25 years. In addition, the girl should havebeen born and brought up in the state.The State Government had reserved the fund of Rs. 150 crore for this scheme. Five banks wereenrolled with the Women and Child Welfare department. Goa registers 1000 marriages(approx) every year.www.jagranjosh.com Current Affairs PDF August 2012 Page 54
  • 55. Current Affairs PDF August 2012 Page 55ANDHRA PRADESH GOVERNMENT DECIDED TO PUT A CAP ON THETUITION FEE REIMBURSEMENTAndhra Pradesh state Government on 6 August 2012 decided to put in force a cap on thetuition fee reimbursement to 31 thousand 2 hundred rupees per student and introduceeligibility criteria under Tuition Fee Reimbursement Scheme to pursue higher education. Thiswas decided at a meeting of the Cabinet Sub Committee and a panel of experts in Hyderabadfollowing a recent ruling from the Supreme Court to implement Uniform Fee Structure in all theprofessional colleges.Andhra Pradesh Government was reimbursing 100 percent tuition fee for the studentsbelonging to BC, EBC, SC, ST communities and Minority students to pursue higher educationincluding professional courses like engineering and medicine. In the wake of a recent rulingfrom the Supreme Court to implement a Uniform Fee Structure in all the professional colleges,the Government reviewed the present scheme on the basis of recommendations from anexperts committee to ensure continuation of the scheme as well as to see not to bear anyadditional burden. An eligibility criterion also will be enforced to continue fee reimbursementto those students who clear at least 50 percent subjects in the previous year. These changeswill be affecting about 20 lakh students especially the BC, Economically BC and Minoritystudents as they are coming into force from the present academic year.UNION CABINET APPROVED THREE NEW EXTENSION LINES IN DELHIMETROThe union cabinet sub-committee approved three newextension lines in the Delhi Metro on 7 August 2012.With this recent addition in the Delhi Metro, the linesare all set to cover the rural parts of Delhi and Haryana.Despite a financial stress situation, the EmpoweredGroup of Ministers (EGoM) approved proposals by theurban development ministry to extend the Dwarka lineto Najafgarh in west Delhi, Mundka line to Bahadurgarhin Haryana and increase the length of the under-construction Mukundpur-Yamuna Vihar line to ShivVihar.UNION GOVERNMENT ALLOCATED 150 CRORE RUPEES TOUTTARAKHAND FOR FLOOD RELIEFThe Union government allocated 150 crore rupees as interim relief for the flood affectedpeople of Uttarakhand. The Chief Minister of Uttarakhand Vijay Bahuguna also demanded aspecial relief fund from the Centre.www.jagranjosh.com Current Affairs PDF August 2012 Page 55
  • 56. Current Affairs PDF August 2012 Page 56Uttarakhand government has enhanced immediate relief amount to 5400 rupees from earlierannounced 2700 rupees for the people hit by national calamity. Besides, this 20 crore rupeeshas already been sanctioned for relief purpose.THE HOUSE SPARROW WAS DECLARED AS STATE BIRD OF DELHIThe House Sparrow was on 14 August 2012declared as state bird of Delhi by the stategovernment. The new status of the bird islikely to help in its conservation. Stategovernment announced the decision afterlaunching a campaign RISE FOR THESPARROWS. The campaign is aimed atconserving the species.The campaign will tryto reach out to people across the Indiansubcontinent.UP ROADWAYS INTRODUCED BUS SERVICE FROM NOIDA TO AGRA VIAYAMUNA EXPRESSWAYUttar Pradesh Roadways in the second week of August 2012 introduced a bus service viaYamuna Expressway, which would be available from UP Roadways Bus Depot near Metro CityCentre. A total six trips a day are planned. The first bus for Agra will depart at 7 am and theother departure timings are 9 am, 11 am, 1pm, 4 pm and 7 pm. The travel time will be two andhalf hours.If passenger volume is enough to run the fleet, UPSRTC has planned not to pass on the tollburden to passengers. However, if passenger volume is less, then the fare will be hiked in nextfew days.SC: IT WILL NOT ALLOW RESUMPTION OF MINING ACTIVITIES OF IRONORE IN KARNATAKAThe Supreme Court of India on 17 August 2012 ruled that it would not allow resumption ofmining activities of iron ore in Karnataka unless there is a statutory compliance and fullimplementation of reclamation and rehabilitation measures.A special forest bench headed by Justice Aftab Alam accepted all recommendations of August16 report of the apex court-appointed Central Empowered Committee. The Apex Court directedthe authorities in Karnataka to fully cooperate in the implementation of the suggestions.GUJARAT STATE GOVERNMENT ANNOUNCED A COMPREHENSIVE BANON GUTKAwww.jagranjosh.com Current Affairs PDF August 2012 Page 56
  • 57. Current Affairs PDF August 2012 Page 57Gujarat state government on 15 August 2012announced a comprehensive ban on gutka, whichwill come into effect from 11 September 2012.From this date, the production, storage, sale anddistribution of gutka shall be banned in the state.Maharashtra government recently imposed acomprehensive ban on gutka and pan masala.Gutka is also banned in Kerala, Madhya Pradeshand Bihar, while Rajasthan government hadannounced its decision to ban the product in July 2012.UTTARAKHAND CABINET RAISED MAXIMUM AGE LIMIT TO 40 YEARSFOR GOVERNMENT JOBSThe Uttarakhand Cabinet on 21 August 2012 increased the maximum age limit from 35 to 40years for government jobs in the state for general category candidates. The cabinet alsoapproved a policy to carry out projects in partnership with private companies.Moreover, the cabinet decided to provide 50 per cent reservation to women in Van Panchayats.It also approved a beach camping policy and sanctioned ropeways to Purnagiri and Yamunotrihill shrines. The Cabinet also approved opening up of Rajiv Gandhi Navodaya Vidyalayas inUttarkashi, Chamoli, Bageshwar, Rudraprayag and Udhamsingh Nagar districts, earliersanctioned as Shyama Prasad Mukherjee residential schools.These would be operated on the PPP model. Under the scheme, 50 per cent seats would beallocated to government-sponsored students while the remaining would be filled by privateplayers on fee structure to be decided by them.PUNJAB GOVERNMENT SET UP AN ANTI-RAGGING CELL TO CURB THEMENACE OF RAGGINGThe Punjab government on 22 August 2012 set up an anti-ragging cell to curb the menace ofragging in technical educational institutes in the state. The anti-ragging committees had alreadybeen set up in all technical educational institutions.The members of the committees includedteachers and parents of students. Any victim could approach an anti-ragging committee in theconcerned institution or the anti-ragging cell at the Director Technical Education in Chandigarh.The Punjab government had issued strict instructions to all concerned officials to implementanti-ragging guidelines in all educational institutions. Strict action would be taken againstinstitutes which failed to follow the instructions.SIKKIM LOKAYUKTA BILL RECEIVED PRESIDENTIAL ASSENTwww.jagranjosh.com Current Affairs PDF August 2012 Page 57
  • 58. Current Affairs PDF August 2012 Page 58The Sikkim Lokayukta Bill, an act seeking to check corruption in the state, got the approval ofthe President of India on 28 August 2012. The bill was passed by the Sikkim Assembly on 29December 2010, subsequently it was sent to the state governor who forwarded it forpresidential nod on 13 January 2011.The Sikkim Lokayukta Act sets accountability on government authorities and aims at checkingcorruption in the state. The principal objective of the Act is citizens’ grievances redressal,especially those related to corruption in the functioning of public bodies or authorities includingthat of favouritism.As per the Act the Lokayukta is to be appointed by the Governor and be given the responsibilityto conduct enquiry and investigations after consultations with the Chief Justice of the SikkimHigh Court, the Speaker of the Assembly and the Leader of Opposition. It also provides that theLokayukta initiate enquiry on the receipt of complaints and after the approval of a Minister,Chief Secretary or Secretary.INDIAN DIARY1 August 2012  Power supply fully restored in Delhi and north east; 82 per cent restored in north and 65 per cent in eastern region following outages since last afternoon.2 August 2012  High alert sounded in Delhi, Mumbai and Kolkata following bomb blasts in Pune; Union Home Secretary says the terror angle cannot be ruled out in yesterdays blasts3 August 2012  South-west Monsoon rains in the country to be deficient this year due to El Nino effect, says Meteorological Department in its update  Regional Rural Banks allowed to open branches in Tier 2 cities without RBIs permission4 August 2012  Bimal Gurung Appointed as Chief Executive Officer of GTA5 August 2012  EGoM to meet again to decide further relief measures for drought -hit states  High health alert sounded in Assam to avert epidemics in relief camps in violence-hit districts.6 August 2012www.jagranjosh.com Current Affairs PDF August 2012 Page 58
  • 59. Current Affairs PDF August 2012 Page 59  Seven persons including the attacker killed and twenty injured in a shootout at a Gurudwara in Wisconsin in the United States.  Haryana Minister of State for Home Gopal Kanda resigns after being booked for abetment to suicide7 August 2012  Voting today to elect the next Vice President of India  Finance Ministry to review tax provisions with retrospective effect to boost investment8 August 2012  Monsoon Session of Parliament begins today; About 36 pending bills likely to be passed.9 August 2012  Lok Sabha takes up for discussion BJP Adjournment Motion on Assam violence10 August 2012  Raghuram Rajan, former chief economist of International Monetary Fund (IMF) was appointed as the Chief Economic Advisor in the Finance Ministry. The Appointments Committee of Cabinet cleared the appointment of Rajan as the new CEA on 10 August 201211 August 2012  Hamid Ansari sworn in as the Vice President of India12 August 2012  Mumbai situation returns to normal after yesterdays violence in a protest rally against Assam violence; 20 people taken into custody; crime branch starts probe to ascertain any conspiracy angle.13 August 2012  30th Olympic Games conclude in London; India finishes with a record haul of six medals.  Abu Jundal, Key Handler of 26/11 Mumbai terror attack makes confessional statement before a magistrate14 August 2012  Pune Police arrest 11 persons for attacks on the North-East students15 August 2012  In his Independence Day address, Dr. Manmohan Singh, stresses on efforts to bring transparency and accountability to end corruptionwww.jagranjosh.com Current Affairs PDF August 2012 Page 59
  • 60. Current Affairs PDF August 2012 Page 60  Announces new schemes for skill development for jobs, urban housing and improved health services16 August 2012  About 10 terrorists storm Pakistan Air Force base at Kamra in Punjab province in an early morning attack; gun battle with security forces continues  Prime Minister asks Karnataka Chief Minster to ensure safety of students from the North-East17 August 2012  Karnataka government initiates measures to build confidence among people from North East, living in the state18 August 2012  Government bans bulk SMS and MMS for 15 days throughout the country to check spread of rumours; Six arrested in Karnataka for sending threatening text messages to people from the North-East19 August 2012  Rajyavardhan Singh Rathore, the silver medallist of Athens Olympics 2004, was named the head of the 15-member committee, set up to select the Rajiv Gandhi Khel Ratna Awardee and Arjun Award winners. Aslam Sher Khan, the former hockey team skipper, was named the head of the 15-member committee that will select the Dronacharya Awardees.20 August 2012  The Bharatiya Janata Party (BJP) assertively demanded the resignation of Prime Minister Manmohan Singh over the Comptroller and Auditor General (CAG) report on the allocation of coal blocks.21 August 2012  Poonam Kishore Saxena appointed as Chairman of Central Board of Direct Taxes.  Vayalar Ravi assumed Charge as Union Minister for Science and Technology.  Delhi State Government launched kerosene free Delhi scheme.  PJ Kurien elected as the Deputy Chairman of Rajya Sabha.  Maharashtra recorded the Maximum Number of Deaths due to SAEs (Serious Adverse Events) during Drug Trials.  The DEIT (Department of Electronics and Information Technology) issued an ultimatum to social networking site Twitter to block nearly 30 of its WebPages22 August 2012www.jagranjosh.com Current Affairs PDF August 2012 Page 60
  • 61. Current Affairs PDF August 2012 Page 61  The Food Safety and Standards Authority of India (FSSAI) recommended the extension of the ban on import of milk and milk products from China till 23 June 2012 or until further orders.  RBI stipulated the Norms for Securitisation of Loans by NBFCs (Non banking Finance Companies).  Supreme Court extended the ban on Tourism Activities in Tiger Reserves.23 August 2012  Arvind Saxena appointed the Managing Director of Volkswagen India.  Ankur Mittal won the bronze medal in double trap in the fourth International junior shotgun Cup in Orimattila, Finland.  Parliaments Public Accounts Committee decided to bring the three latest CAG reports on coal allocations, GMR-run Delhi airport and Reliance Power, onto its agenda for the year 2012.  Sonia Gandhi ranked number six in the Forbes magazine’s list of the world’s 100 most powerful women24 August 2012  The Bhilai Steel Plant won the Prime Minister’s Trophy for the 10th Time.  Celebrated Sarod exponent Amjad Ali Khan, vocalist Girija Devi and famous writer Ruskin Bond were conferred the Delhi Government’s Lifetime Achievement Awards.  Reliance power entered into a partnership with China Datang Corporation(CDT) for developing and operating Energy products in India and abroad.25 August 2012  India successfully test fired nuclear-capable ‘Prithvi-II ballistic missile from the Integrated Test Range off Odisha coast as part of a user trial by the Army.26 August 2012  India against corruption (IAC) Supporters created uproar on Delhi roads to protest against the allocation of coal blocks.CORPORATESBI REDUCED INTEREST RATE ON HOME AND CAR LOANS BY UP TO 0.5PERCENTIndia’s leading bank State Bank of India (SBI) on 1 August 2012 reduced its interest rate onhome and car loans by up to 0.5 percent. The new interest rate will be effective from 7 August2012. It has reduced the interest rate on home loans of up to 30 lakh rupees from 10.50www.jagranjosh.com Current Affairs PDF August 2012 Page 61
  • 62. Current Affairs PDF August 2012 Page 62percent to 10.25 percent. Whereas, the loan more than 30 lakh to 75 lakh, the interest rate is10.40 percent against 10.75 percent.SBI new car loans are likely to be available at an interest rate of 10.75 percent against previousrate of 11.25 percent for 7 years. It makes customers to pay 1699 rupees EMI for every 1 lakhrupees against 1725 rupees EMI per month earlier. The reduction is likely to save 312 rupeesper year on every one lakh.TOSHIBA LAUNCHED ITS NEW THINKING LED RANGE RZ1 OF TV SETSToshiba on 1 August 2012 launched its new Thinking LED range of TV sets RZ1 for Indianmarkets. It is the first large-screen glasses free 3D TV powered by multi- processor platformREGZA Engine Cevo Duo S. The screen sizes ranges from 19 inches to 55 inches.RZ1 delivers nine parallax images that create multiple angle viewing zones and shares 3Dexperience at a contrast ratio of 9000000:1 that improves the experience for the viewers. With4K Super Resolution+ function that provide 2D experience by converting and mixing 2D contentto 4K levels. It is priced at 12 lakh rupees.Besides, RZ1 Toshiba also introduced RW1 Passive 3D Smart-TV, PX200 Internet TV, PT200 FullHD LED TV, PS 200 Edge LED TV, PU200 Edge LED TV, and PB200 Direct LED TV.RW1 Passive 3D Smart-TVIt uses 3D technology, lightweight passive 3D glasses and gives sharp and clean pictures. It hasDolby® Digital solution and MHL™ powered by Gracenote. The Music Search function thatidentifies the artist, song and album in movies, TV programs and commercials. It is available intwo screen sizes 47-inch and 55-inch. It is priced between 120000 to 170000 rupees.PX200 Internet TVThe Wi-Fi PX200 Internet Smart TV makes viewers to use social networking services and viewcontent online. It is also providing many smart applications and with connectivity optionsincludes 4 HDMI ports, 2 USB ports and 2 composite ports. It has high efficiency speakers withthe option of HD and Full HD. It is available in 32-inch, 40-inch and 46-inch screen sizes, pricedbetween 36990 rupees to 75990 rupees.PT200 Full HD LED TVPT200 has a combination of minimalistic design and unmatched performance. It has the full HDdisplay with good picture quality powered by the REGZA Engine technology. It is available in 32-inch screen size at 35990 rupees.PS 200 Edge LED TVIt has high definition images and high efficiency speakers and Power Bass Booster thatimproves TV viewing experience. It is also powered with the REGZA Engine technology. The 40-www.jagranjosh.com Current Affairs PDF August 2012 Page 62
  • 63. Current Affairs PDF August 2012 Page 63inch screen size Full HD version is priced at 33990 rupees and the 32-inch HD version at 53990rupees.PU200 Edge LED TVIt is likely to play 28 different formats of movies by a USB port. It has Power Bass Booster, AutoSignal Booster, Auto Clean and AutoView. For easy connectivity, it has 2 HDMI ports and an RCAport. It is available in 40-inch and 23-inch screen sizes of 40-inch and 23-inch with full HDexperience and 32-inch with HD display. It is priced between 18990 rupees to 52990 rupees.PB200 Direct LED TVIt provides high resolution images. It has sound bar with the Power Bass Booster that generatessounds at different frequency with the increases the frequency depth and clearness of the bass.It is available in 23-inch and 32-inch with an option of HD and Full HD, priced at 17990 rupees to29990 rupees.THE SAHARA GROUP ACQUIRED LANDMARK PLAZA HOTEL OF NEWYORKThe Sahara Group acquired landmark Plaza Hotel of New York on 30 July 2012 in a deal worth570 Million Dollars. Plaza Hotel was jointly owned by the Israeli Businessman, Yitzhak Tshuvaand Saudi Arabia based firm, Kingdom Holdings Co.Elad Properties sold their 60 percent of their stake to Sahara group. The remaining 40 percentwas received by Kingdom Holdings Co.Five Star Hotel Sahara Star situated in Mumbai is owned by the Sahara Group. The SaharaGroup also owns the Grosvenor House Hotel situated in London.NDTV FILED LAWSUIT AGAINST AUDIENCE MEASUREMENT COMPANYTAM INDIAIndias national news broadcasting channel NDTV sued the country’s only television audiencemeasurement company TAM India and its global parent firms Nielsen and Kantar on 31 July2012. The channel accused officials at TAM of being indulged in fraudulent and manipulating TVratings.NDTV, which filed the lawsuit in Supreme Court of New York, demanded damages of at least810 million dollar for its losses over the last eight years. Besides, it also claimed the 580 milliondollar compensation for losses due to negligence over the last three years.What is TAM?TAM (Television Audience Measurement) the media research company installs PeopleMeters inover 8000 sample homes to monitor viewership patterns. The findings of TAM are instrumentalwww.jagranjosh.com Current Affairs PDF August 2012 Page 63
  • 64. Current Affairs PDF August 2012 Page 64in making the corporate decisions. In its lawsuit, NDTV accused TAM of fraudulent and claimedthat the small sample size gave rise to the rampant corruption in Media industry.NDTVNDTV is one of the India’s top broadcasters which has its presence in both English and Hindimedia. The company also runs a business channel with name NDTV Profit. It was founded byPrannoy Roy, an eminent journalist and current chairman and director of NDTV Group in 1988.HERO MOTOCORP INVESTED 20 MILLION DOLLAR IN US BASED ERIKBUELL FOR R&DThe two-wheeler maker company Hero MotoCorp on 2 August 2012 invested 20 million dollar(110 crore rupees) into US-based Erik Buell Racing (EBR) to maintain its leadership and expandglobally. The investment also helps EBR grow its Milwaukee production capacity and hire morepeople in its own R&D team.The investment was announced to modify MotoCorp available products and on new productsdesign and development. The agreement is likely to ends in June 2014.Hero entered into the agreement with EBR in February 2012. The company also announcedsponsorship of two EBR-powered teams in a US superbike racing championship.The company has already hired 300 engineers for strength its own R& D. The company alsosigned up with Austrian auto engineering firm AVL for engine development.SBI REDUCED THE INTEREST RATE ON THE DEPOSITS OF MORE THAN 5YEARSIndia’s leading bank State Bank of India (SBI) on 2 August 2012 reduced the interest rate on thedeposits of five year and above to 8.5 percent. The new interest rate will be effective from 7August 2012. Currently, SBI is providing 8.75 percent interest on the deposits of 15 lakh orbelow and 9 percent on the deposits from 15 lakh to 1 crore. Recently, SBI on 1 August 2012announced 0.50 percent reduced interest rate on home and car loans.However, India’s third largest bank Punjab National Bank (PNB) raised the interest rate onsingle deposit by 0.25 percent against 8.75 percent for the maturity of less than 1 crore rupeesfor one yearGILEAD SCIENCES SIGNED WITH 3 INDIAN COMPANIES FOR LOW-COSTHIV DRUGSWorld’s biggest HIV drugs maker Gilead Sciences on 2 August 2012 signed deals with threeIndian firms to promote its low-cost generic versions of its HIV medicine EMTRICITABINE indeveloping countries. The three firms are Ranbaxy, Strides Arcolab and Mylan Laboratories.www.jagranjosh.com Current Affairs PDF August 2012 Page 64
  • 65. Current Affairs PDF August 2012 Page 65The partnership is likely to help the Indian firms to produce high volumes of emtricitabine andtenofovir disoproxil fumarate (TDF) based HIV medicines and to maintain price equality toregimen.Gilead Sciences is one of the world’s biggest makers of HIV drugs. The company licensed HIVmedications to 13 Indian companies. There are more than 2.5 million HIV patients in developingcountries who receive a TDF-containing regimen.NATIONAL HOUSING BANK CUT INTEREST RATE BY UP TO 1 PERCENTFOR URBAN LOW INCOME GROUPHousing finance industry regulator National Housing Bank (NHB) on 2 August 2012 reducedinterest rate up to 1 percent on refinance to banks and housing finance companies to supportaffordable finance for urban low income group having income above 15000 rupees per month.NHB is likely to be lower refinance rate by reduction in its lending rates by 0.75 to 1 percentunder this special refinance scheme for urban low income housing (LIH).Refinance (replacing an older loan with a new loan offering better terms) is likely to beextended from 5 and 15 years at fixed rates. The new interest rates on NHB refinance is 9percent against 10 percent up to 2 lakh rupees loan and from 2 to 5 lakh rupees, the rate is 0.75percent lower at 9.25 percent.NHB is also providing long-term fixed rate refinance at reasonable interest rates forconstruction and purchase of houses in urban areas for low income group.COURT RESTRAINED SALE OF VIDEOCON’S PEBBLE WASHING MACHINEON WHIRLPOOL APPEALThe Bombay High Court on 2 August 2012 passed a temporary restriction warning Videoconfrom selling its washing machine PEBBLE. Pebble is similar to Whirlpool’s ACE washing machine.Whirlpool had launched its Ace Washing machine in September 2010 where as Videoconlaunched its Pebble in June 2012. Pebble is a semi-automatic machine as Whirlpool’s ACE. It hasthe similar design of wash area and square spin area at lower price. Whirlpool’s Ace 6.8 kgwashing machine is priced at 10800 rupees each whereas Videocon’s Pebble washing machineis priced at 8300 rupees.As per the order, Whirlpool had already registered the design of Ace in July 2009 and iscompletely permitted to use the design till 2019. The court has ordered Videocon to recall itswashing machines.MICRO TECHNOLOGIES INDIA INTRODUCED MICRO CALL BLOCKER FORUNSOLICITED CALLS & SMSwww.jagranjosh.com Current Affairs PDF August 2012 Page 65
  • 66. Current Affairs PDF August 2012 Page 66Micro Technologies India Ltd on 3 August 2012 introduced an application Micro Call Blocker todetect and block unwanted calls and SMSs. The application is offering to first 10000 users forfree.The new application introduced to put an end to the majority of unwanted calls and SMSs.Micro Technologies is a leading India-based IT company. It offers security solutions. Thecompany’s objective is to display technological innovation with product expansion in number ofsegments of vehicle, premises, mobile, other assets and energy and health.GEOJIT BNP LAUNCHED ANDROID OS FLIP ME; FIRST MOBILE TRADINGSOLUTION ON NSE & BSEGeojit BNP Paribas on 3 August 2012 launched its new version for Android Operating System(OS) Flip Me. It is the first mobile trading solution which offered customers the facility to placeorders on National Stoke Exchange (NSE) as well as on Bombay Stoke Exchange (BSE). Themobile trading was created by Geonit BNP Paribas in the year 2010.The customers with an Android OS in mobiles or tablets can download Flip Me Androidapplication for multiple market watch views, real time updates, active real time charts, arrangeand place orders for all cash and copied segments of the stock exchanges and view the orderand trade book in a security environment. It also has the facility to place orders beyond markethours.It has also added many new features to the previous application that use the improvedcapabilities of the phone hardware and the Android OS like customers can take calls to the tele-trading centre of Geojit BNP Paribas while watching the market. Flip Me also providing viewsand themes, trading ideas to make good trading decisions and multi-view market watch likegraph, MBP and security info in single screen.Flip Me Android OS is available free of cost in all registered customers of Geojit BNP Paribas.Also, the application can be downloaded for free from Google Play.GERMAN LOGISTICS DEUTSCHE BAHN TIED UP WITH MOSER BAER FORCLEAN ENERGY PROJECTGerman Logistics Company Deutsche Bahn (DB) PV plant on 3 August 2012 tied up with Indiancompany Moser Baer to build a solar park that will generate electricity. Moser Baer CleanEnergy had already set up a photovoltaic plant on a railway-owned surface in Wittenberge,Germany.The solar power is likely to be located on former 8-hectare dump site. It has the powergeneration capacity of 3.92 megawatts-peaks (MWp) that will help to meet the needs of 900households annually.www.jagranjosh.com Current Affairs PDF August 2012 Page 66
  • 67. Current Affairs PDF August 2012 Page 67DB has also installed number of PV plants on railway station roofs at Uelzen, Hamelin and theBerlin Central Station from 1997. It has also classified the use of solar energy from late 2010 toidentify surfaces that can be used for renewable energy in Germany. Besides this, 3 millionsquare feet of area was already selected for setting solar plants.KNR CONSTRUCTIONS BAGGED THE TOLLWAY ROAD PROJECTKNR Constructions bagged the Tollway Road Project on 5 August 2012. The Company has tobuild, operate and Transfer (BOT) mode tollway road project from National Highway Authorityof India situated in Kerala. National Highway Authority granted concession worth Rs 264.6crore. The order involves the four-laning of the Walayar-Vadakkancherry section situated inKerala on National Highway 47 between 182 km to 240 km.This Project was handed over to KNR Constructions under the National Highway DevelopmentProgramme–II. It has a concession Period for 20 years. It includes the construction phase of 910days from the appointed date.KNR Constructions is a Hyderabad-based infrastructure company. In the month of July, thiscompany had joint-venture with SLMI Infra Projects.SLMI Infra Projects get the road development project by Hyderabad Growth Corridor Ltd worthRs 49.25 crore. The radial road project was executed with the loan assistance from the JapanInternational Cooperation Agency.SIEMENS INDIA BAGGED 290 MILLION EURO NMDC DEALSiemens India nailed an order worth two ninety million Euros from National MineralDevelopment Corporation (NDMC), which is state run, for developing basic oxygen furnaceconverter for steel marking.The contract has been awarded to a consortium which is led by Siemens Vai MetalsTechnologies, SEW infrastructure and Mukand Engineers. The steel works is scheduled to bebuilt at a place called Nagarnar in Chattisgarh with an annual capacity of around three milliontones steel. The completion of the steel work is scheduled by mid of 2015.While, SEW Infrastructure and Mukand Engineers, would be responsible for the civil works,manufacturing and erection of the steel structures, general erection of equipment, Siemenswould be in charge of the design and turnkey supply of the steel plant, including the two LD(BOF) converters, two 175-tonne de-sulfurisation plants, two ladle furnaces and a degassingplant.The turnkey supply also includes material handling systems, primary and secondary de-dustingsystems, a gas recovery plant and a water treatment plant apart from the other mentioned.NMDC’s steelmaking plant is part of a national programme which is being steered to increasethe steel production capacity in India.www.jagranjosh.com Current Affairs PDF August 2012 Page 67
  • 68. Current Affairs PDF August 2012 Page 68JET AIRWAYS TIED UP WITH HDFC BANK AND LAUNCHED CREDIT CARDSThe Jet Airways tied up with the HDFC bank in order to launch the ‘Jet Privilege-HDFC BankCredit’. This is a range of credit cards which will offer benefits and rewards in the form of JPMiles.This is being regarded as another unique travel option aimed at making air travel foreconomical. The credit card would be offered in world, platinum and titanium variants on theMaster card platform.The Jet Priviledge-HDFC Bank World Credit Card allows members to enjoy several lifestylebenefits, including six JP Miles for every rupees one fifty spent and another ten thousand JPMiles with in the first ninety days.The partnership will enable cardholders to sum up all their spends into one account withrewards in the form of JP Miles. The bank issues nearly ninety thousand cards a month and nowits customer base stands at five point seven million.KESHUB MAHINDRA STEPPED DOWN AS THE CHAIRMAN OF MAHINDRA& MAHINDRAKeshub Mahindra stepped down as the Chairman of 15.4 billion dollar business conglomerateMahindra & Mahindra on 8 August 2012. His nephew and Vice-Chairman and ManagingDirector of the company Anand Mahindra elevated to the position of Chairman, the positionKeshub held for nearly 48 years. He would, however, continue to be Chairman Emeritus of thegroup. During the 48 years of his chairmanship, the Mahindra Group made its presence felt invarious sectors including automobile, IT, real estate, financial services and hospitality.He was instrumental in establishing business ties with global business giants like WillysCorporation, Mitsubishi, International Harvester, United Technologies, British Telecom andmany others. The founder Chairman of HUDCO, he served on many corporate boards, includingSAIL, Tata Steel, Tata Chemicals, Indian Hotels, IFC, ICICI and HDFC. He also held the position ofPresident of Employers Federation of India and the Bombay Chamber of Commerce andIndustry. He was a member of the Sachar Commission on Company Law and Reforms.HOPPR LAUNCHED ITS SERVICE IN CHENNAI TO ALLOW USERS EXPLOREREWARDS AND OFFERSHoppr on 9 August 2012 launched its service in Chennai to allow users explore rewards andoffers available with brands and merchants in a locality. Hoppr is a brand of Y2CF Digital Media,which is funded by Bharti SoftBank. Y2CF has tied up with six mobile service providers - Airtel,Aircel, Idea, Reliance, Tata Docomo and Vodafone – to provide the Hoppr service.www.jagranjosh.com Current Affairs PDF August 2012 Page 68
  • 69. Current Affairs PDF August 2012 Page 69Hoppr on 9 August 2012 launched its service in Chennai to allow users explore rewards andoffers available with brands and merchants in a locality. Hoppr is a brand of Y2CF Digital Media,which is funded by Bharti SoftBank.Y2CF has tied up with six mobile service providers - Airtel, Aircel, Idea, Reliance, Tata Docomoand Vodafone – to provide the Hoppr service.M&M SIGNED MOU WITH ORIENTAL BANK FOR PERSONAL ANDCOMMERCIAL VEHICLE FINANCINGMahindra & Mahindra on 17 August 2012 signed an MoU with the Oriental Bank of Commerce(OBC) for personal and commercial vehicle financing. Customers of Mahindra & Mahindra willbe able to take advantage of these services at any of OBC’s 1808 branches. M&M has 250dealer outlets.The MoU was signed by Arun Malhotra, Senior Vice - President, Sales & Customer Care -Mahindra & Mahindra and Atul Gautam, General Manager, Oriental Bank of Commerce.ESPN SIGNED HERO MOTOCORP, TATA DOCOMO AND AIRTEL DIGITALAS THE SPONSORSESPN signed Hero MotoCorp, Tata Docomo and Airtel Digital as the Sponsors on 21 July 2012for London Olympics 2012. The Olympics will be aired on Star Sports, ESPN and ESPN HD. Thesecompanies sold 80 per cent (approx) on the advertisement inventory to their sponsors.They decided the ad break of ten minutes, eight minutes and five minutes on ESPN, Star Sportsand ESPN HD respectively. Star Sports will air international events such as gymnastics,equestrian and volleyball. And, ESPN HD will air the mixture of ESPN and Star Sports.According to the company, 100 million (approx) viewers will watch London Olympics 2012 onESPN Channels and Doordarshan. In addition, Doordarshan has the rights for terrestrialbroadcast for the event.London Olympics will start from 27 July 2012. ESPN decided to focus on specific events that arerelated to Indians and popular in India. The sports like:- hockey, shooting, boxing, wrestling,tennis and football.BOLLYWOOD ACTRESS ANUSHKA SHARMA WAS SIGNED AS THE BRANDAMBASSADOR OF UNICHARM’S SOFYJapanese FMCG Firm Unicharm on 23 July 2012 signed Bollywood actress Anushka Sharma asbrand ambassador for Sofy. The target audience of the company is youth and Anushka Sharmahas a great fan following among young girls and women in India.www.jagranjosh.com Current Affairs PDF August 2012 Page 69
  • 70. Current Affairs PDF August 2012 Page 70Prachi Desai was the former brand ambassador of Unicharm’s Sofy. Sofy is the brand of sanitarynapkins from the company Unicharm. Unicharm was established in the year 1961.They hadlaunched Mamy Poko Pants in the Indian Market in the year 2009. They actively participate inthe different Corporate Social Responsibilities as well.SAMSUNG UNVEILED NEW TABLET CALLED GALAXY NOTE 10.1 TABLETIN US, BRITAIN AND SOUTH KOREASamsung on 16 August 2012 launched the Galaxy Note 10.1 tablet in the United States, Britainand South Korea. The Galaxy Note 10.1 tablet is named after its screen size, which is slightlylarger than the 9.7-inch iPad, and has impressed with a split-screen feature that allows users tohave two apps active side-by-side.The Galaxy Note 10.1 tablet uses Googles Android software and a quad-core processor with 1.4GHz clock speed. It boasts a 5 megapixel rear camera and 1.9 megapixel front-facing camera,which also detects the users eye movements to prevent the device from going into standbymode.PHILIPPE DIVRY APPOINTED AS THE MANAGING DIRECTOR OF VOLVOINDIAPhilippe Divry was appointed as the new Managing Director of Volvo India and Senior Vice-President of Truck Joint Ventures India, the Indian subsidiary of the Swedish heavy vehiclesmanufacturer Volvo.Divry was also appointed as a Board Member of the Volvo Group’s joint venture company VECommercial Vehicles (VECV), which comprises the entire Eicher Motors truck and busoperations and the distribution of the Volvo Trucks vehicles.As the MD of the Volvo India he will be responsible for the overall performance of the truckbusiness of the company in India. As Senior Vice-President at Group level, he is the highestranking executive of the Volvo Group ever positioned in India.ARVIND SAXENA APPOINTED THE MANAGING DIRECTOR OFVOLKSWAGEN INDIAGerman car maker Volkswagen appointed Arvind Saxena as the Managing Director ofVolkswagen passenger car in India. In this new role Saxena will be heading the Volkswagenbrand with responsibility for sales, after sales and marketing.Prior to joining Volkswagen, Saxena was heading the sales and marketing operations at HyundaiMotor India Limited. Before leaving the company on 19 July 2012, he worked for Hyundai MotoIndia Limited for seven years. In a career spanning over three decades he had also beenassociated with Maruti Suzuki, Bajaj, Fiat India and Escorts.www.jagranjosh.com Current Affairs PDF August 2012 Page 70
  • 71. Current Affairs PDF August 2012 Page 71Volkswagen has invested over 3700 crore rupees in a plant in Chakan near Pune whichmanufactures 110000 vehicles annually. The company is making various cars targeting Indiancustomers. The current car variants that company is selling in Indian market include Polo,Vento, Jetta, Passat, New Beetle, Touareg and the Phaeton.RELAXO FOOTWEAR SIGNED BOLLYWOOD ACTRESS KATRINA KAIF AS ITSBRANDFootwear maker Relaxo Footwear on 22 August2012 signed Bollywood actor Katrina Kaif as brandambassador for its Flite brand. As part of a two-year contract, Kaif will endorse the Flite brand thatis mainly targeting young consumers. Katrina willfeature in TV commercial endorsing the Flitefootwear which would be aired soon, the companyadded.Relaxo manufactures over three lakh pairs offootwear per day at the nine manufacturing units inNorth India. In 2011-12, its annual turnover stoodat 870 crore rupees. Its other brands include Sparx,Schoolmate, Elena, Casual, Mary Jane and Boston.BHARTI GROUP SOLD ITS STAKE IN CENTUM LEARNING TO EVERONNEDUCATIONLeading Indian business house the Bharti group sold its group company Centum Learning toEveronn Education. As per the terms of the transaction the Bharti group will receive acombination of cash and equity shares in Everonn. The deal of the size was, however, notrevealed by the Bharti group. The deal is in line with the company’s stated objective ofconcentrating its energy in core businesses.BSE-listed Everonn is now run by the Dubai-based Varkey Group/GEMS Education afterEveronns former managing director P Kishore was forced to step down on accusations ofbribery by the CBI. The company provides end-to-end training programmes and skilldevelopment solutions. With this acquisition, Everonn will aim to expand its reach in the Indiantraining space by adding corporate training, the flagship product of Centum, as a new vertical.SPICEJET ANNOUNCED LAUNCH OF TWO DAILY FLIGHTS TO JABALPURFROM DELHI AND MUMBAISpiceJet on 22 August 2012 announced launch of two daily flights to Jabalpur from Delhi andMumbai from 7 September 2012.www.jagranjosh.com Current Affairs PDF August 2012 Page 71
  • 72. Current Affairs PDF August 2012 Page 72Jabalpur would be the third destination of the low-cost airline in Madhya Pradesh after Bhopaland Indore. SpiceJet would be deploying its newly acquired Bombardier Q400 NextGenTurboprop aircraft, which can accommodate 78 passengers on these two routes.THE BHILAI STEEL PLANT WON THE PRIME MINISTER’S TROPHY FOR THE10TH TIMEThe Bhilai Steel Plant, on 24 August 2012 won the prestigious Prime Ministers Trophy for the10th time. Bhilai Steel plant is the flagship unit of India’s largest public sector steel maker, SteelAuthority of India Ltd (SAIL). The plant is based in Chhattisgarhs Durg district, some 30 km westof capital Raipur. It has an annual production capacity of over 5 million tonnes.The award includes a cash element of Rs. 2 crore, is given to integrated steel plants (ISPs) onthe basis of an evaluation by a panel of judges appointed every year. The Prime MinistersTrophy is awarded to an ISP based on customer satisfaction index, its overall performance, andobservations by the panel of judges based on plant visits.IDBI BANK LTD ENTERED INTO A MOU WITH SMERA TO EVALUATE ITSMSMEIDBI Bank Ltd entered into a Memorandum of Understanding (MoU) with SME Rating Agency ofIndia Ltd (SMERA) to evaluate its existing as well as potential MSME (Micro, Small and MediumEnterprise) clients. This will make it easier for IDBI to get information and expedite the creditdecision in lending to the prospective MSME customers.IDBI has agreements with rating agencies such as CARE and Crisil to rate its prospective MSMEclients. IDBI Bank’s outstanding MSME lending was estimated at 17000 crore rupees on31March 2012.The net non performing assets (NPAs) for the segment (MSME) increased to 2.29 per cent infinancial year 2012 as compared with 1.83 per cent in financial year 2011.ANTONY JENKINS APPOINTED AS THE NEW GROUP CHIEF EXECUTIVE OFBARCLAYSBarclays, the British banking giant, appointed Antony Jenkins as its new Group Chief Executiveon 30 August 2012. Jenkins replaced Barclays’ former chief executive officer Bob Diamond whostepped down following the interest rate manipulation scandal.Jenkins currently leads Barclays Retail and Business Banking (RBB) business. He has been amember of the Group Executive Committee of Barclays since 2009.The US and the UK authorities had slapped a 290-million pound penalty on Barclays to settlethe charges of manipulating global benchmark lending rates such as Libor, and Euribor, whichinfluence many other interest rates.www.jagranjosh.com Current Affairs PDF August 2012 Page 72
  • 73. Current Affairs PDF August 2012 Page 73MCNALLY BHARAT WON 122 CRORE RUPEES CONTRACT FROM SAILMcNally Bharat Engineering Company on 29 August 2012 won a 122 crore rupees contract fromSteel Authority of Indias Bhilai Steel Plant. This contract is a part of steel mills modernisationand expansion plan. Bhilai Steel Plant is Indias only producer of rails and heavy steel plates.BSPs modernisation is the part of SAILs about 70000 crore rupees expansion plan to takecapacity to approximately 23 million tonne (MT) by 2013 from the present 14 MT.McNally Bharat Engineering Company is engaged in providing solutions in the areas of power,steel, material handling, aluminium, coal washing and mineral beneficiation, among others.HSBC SOLD ITS ENTIRE STAKE IN FEDERAL BANK FOR 341 CRORE RUPEESBanking major HSBC on 28 August 2012 sold its entire stake in Kerala-based private sectorlender Federal Bank. HSBC sold its 5 percent stake in Federal Bank through open markettransaction for 341 crore rupees.HSBC was holding 85.16 lakh shares of Federal Bank, which it sold on an average price of 401.04rupees.Earlier in June 2012, HSBC had sold its total stake in Axis Bank and Yes Bank for 2425 crorerupees. The UK-based bank held 4.75 percent and 4.76 percent in Axis Bank and Yes Bankrespectively.JAMMU AND KASHMIR BANK WAS AWARDED BEST BANKER PRIZEJammu and Kashmir Bank on 20 August 2012 won four national awards - THE SUNDAYSTANDARD FINWIZ-2012 BEST BANKERS’ AWARDS. The Bank was awarded Best Banker inFINANCIAL INCLUSION AND CUSTOMER FRIENDLINESS and declared runner up for BESTBANKER IN PRIORITY SECTOR GROWTH AND AGRICULTURAL CREDIT.The Sunday Standard is a part of the New Indian Express Group which is based in Chennai. Ithad engaged Indicus Analytics- India’s premier economic research agency- to conduct a surveyand find out India’s best bankers.The surveyors highlighted the J&K Bank’s contribution in facilitating the workings of theeconomy and contributing to its growth by promoting entrepreneurs and innovation.GAIL SIGNED PACT WITH FRENCH ENERGY GIANT GDF SUEZ TO IMPORTLNGState-owned gas utility GAIL India on 26 August 2012 signed a contract with French energygiant GDF Suez to import 0.8 million tones of liquefied natural gas (LNG) from 2013 to 2014.GDF would supply six cargoes of LNG in 2013 beginning January and an equal number in 2014. Itwill supply one cargo once in two months, most probably from its Yemen portfolio.www.jagranjosh.com Current Affairs PDF August 2012 Page 73
  • 74. Current Affairs PDF August 2012 Page 74As per the agreement, GDF will supply six cargoes of LNG in 2013 and an equal number in 2014.The LNG could be imported at Dahej terminal of Petronet LNG Ltd in Gujarat or Kochi importfacility in Kerala. The gas in its liquid form could be shipped to the Dabhol terminal inMaharashtra.GDF holds a 10-per cent stake in Petronet LNG Ltd. It had in November 2011 agreed to supply 9cargoes of LNG to Petronet LNG Ltd. GAIL owns and operates over 9,500-km of natural gaspipeline network in India and can manage 175 mmscmd of gas.APPLE WON PATENT INFRINGEMENT CASE AGAINST SAMSUNGUS technology giant Apple on 24 August 2012 won a 1-billion dollar patent case againstSamsung after a California court ruled that the South Korean firm stole a series of Apple’spatents pertaining to software and design of mobile devices such as the iPhone and iPad.The 9-member jury held that Apple’s patents were valid and the company did not violate any ofSamsung’s patents. The jury rejected Samsung’s claim that some of Apple’s patents should bedeclared invalid. The jury also rejected Samsung’s counterclaims, declaring that Apple did notinfringe on Samsung’s patents with the iPhone and the iPod Touch.SPORTSLONDON OLYMPICS 2012 CONCLUDED AS US TOPPED THE MEDAL TALLYThe 30th Summer Olympics (London Olympics 2012) concluded in London on 12 August 2012.The 17-day event was inaugurated at Olympic Stadium at the Olympic Park in East London on27 July 2012. London Olympics witnessed nearly 10500 athletes from 204 National OlympicCommittees participating in as many as 26 sports events.At the end of the game US topped the medal tally with a total of 104 medals (46 Gold+29Silver+ 29 Silver) followed by China, which bagged a total of 88 medals (38 Gold+27 Silver+23Bronze). Great Britain with 65 medals (29 Gold+17 Silver+19 Bronze), Russia with 82 medals (24Gold+26 Silver+32 Bronze) and South Korea with 27 medals (13 Gold+8 Silver+6 Bronze)finished third, fourth and fifth respectively. India with a total of 6 medals (2 Silver+4Bronze)finished 55th on the medal tally.INDIA AT LONDON OLYMPICS 2012India had sent 83-member team to the London Olympics 2012, which is the largest evercontingent sent by Indian Olympic Association in the Olympics. India’s total number of medalsin London Olympics 2012 stood at a record haul of six medals. Shooter Vijay Kumar bagged thesilver medal in the 25 m Rapid Fire event, while MC Mary Kom, five-time world womens boxingchampion, ace shuttler Saina Nehwal and rifle shooter Gagan Narang won India bronze medals.www.jagranjosh.com Current Affairs PDF August 2012 Page 74
  • 75. Current Affairs PDF August 2012 Page 75Gagan Narang opened India’s account at the medal tally after he won bronze in shooting eventon 30 July 2012.India’s mens hockey team badly disappointed those who were expecting them to reclaim thelost glory of Indian hockey. The team in a show of disastrous performance finished 12th and atthe bottom most as they lost all their six matches. It was the worst-ever performance by theIndian hockey team in the history of Olympics. Prior to this the worst ever performance of theIndian Hockey team came in 1996 Atlanta Olympics when it had finished 8th.Besides, major medal hopes for the country such as Beijing Gold medalist Abhinav Bindra inshooting and Deepika in Archery also could not meet with the expectations of the people, asthey squarely failed to deliver a medal winning performance. Beijing bronze medalist VijenderKumar also failed to recreate the magic in the boxing ring as he lost to Uzbekistans AbbosAtoev 17-13 in the quarterfinals.INDIAS HISTORY IN SUMMER OLYMPICSIndia started participating in Summer Olympics from Paris Olympics 1900 after NormanPritchard, an Anglo-Indian, participated in two events and claimed silver in both the events.India first sent its contingent to Summer Olympics in Antwerp Olympics 1920 and has sent itsteam in every Olympics since then. In the last 112 years of modern Olympics India has wonmere nine gold and 8 of them are in hockey and one in individual shooting event. After 6 medalhaul at the London Olympics 2012 total number of medals won by India now stands at 26.MAJOR MEDAL WINNING PERFORMANCES AT LONDON OLYMPICS 2012  Michael Phelps bagged 6 medals (4 Gold + 2 Silver) in swimming, becoming the most decorated Olympian ever with 22 medals. OLYMPIC TORCH  Jamaican sprinter Usain Bolt clinched three gold in three separate events (100 meter race, 200 meter Olympic Torch is the symbol of race and 4X100 meter relay team race). He won Olympic Games which is lit in the 100 meters gold medal with a time of 9.63 Olympia (modern day Greece). seconds, setting a new Olympic record for that The initial editions of Olympics distance. He took 19.32 seconds to clinch 200 were organized without flame. meters gold. With a storming victory in both 100 The tradition of torch was and 200 meters race he became the only sprinter reintroduced in Amsterdam in the history to defend both Olympic titles. Olympics 1928.  Germany beat Netherlands 2-1 to win men’s hockey gold.  Mexico beat Brazil 2-1 to win Soccer gold  United States defeated Spain to win men’s Basketball gold  Andy Murray of Great Britain beat Roger Federer of Switzerland to win tennis men’s singles goldwww.jagranjosh.com Current Affairs PDF August 2012 Page 75
  • 76. Current Affairs PDF August 2012 Page 76  Russia defeated Brazil to win men’s volleyball gold  Dan Lin of China beat Malaysian Chong Wei Lee to clinch Badminton men’s singles goldMASCOT FOR LONDON OLYMPICS 2012Mascots have been a part of Olympic Games since Munich 1972, when Waldi, a dachshund, wasthe symbol of the Munich games. The mascots of London Games were Wenlock andMandeville. While Wenlock is a mascot of Olympics, Mandeville is mascot for Paralympics.These are two ultra-modern one-eyed creatures. OLYMPIC MEDALS  There were 4700 medals (Gold, Silver, Bronze) up for grab at the London Olympics 2012.  The Olympic medals weigh between 375-400 grams, they are eighty-five millimetres in diameter and seven millimetres thick.  The gold medals are not actually made of solid gold.  They are in fact 92.5 percent silver and 1.34 percent gold, while the rest is copper.  Metals used in the medals were mined in Mongolia and Utah in the United States.On every medal there is the image of Nike, the Greek Goddess of victory. 31st Summer Olympics  The 31st edition of Summer Olympics will be held in Reo de Janeiro, Brazil in 2016. The city was made the host of the event in 121st IOC session. The games are scheduled to be held from 5 August to 21 August 2016.www.jagranjosh.com Current Affairs PDF August 2012 Page 76
  • 77. Current Affairs PDF August 2012 Page 77MEDAL TALLY – LONDON OLYMPICS 2012Rank by Country Gold Silver Bronze TotalGold 1 United States of America 46 29 29 104 2 Peoples Republic of China 38 27 23 88 3 Great Britain 29 17 19 65 4 Russian Federation 24 26 32 82 5 Republic of Korea 13 8 7 28 6 Germany 11 19 14 44 7 France 11 11 12 34 8 Italy 8 9 11 28 9 Hungary 8 4 5 17 10 Australia 7 16 12 35 11 Japan 7 14 17 38 12 Kazakhstan 7 1 5 13 13 Netherlands 6 6 8 20 14 Ukraine 6 5 9 20 15 New Zealand 6 2 5 13 16 Cuba 5 3 6 14 17 Islamic Republic of Iran 4 5 3 12 18 Jamaica 4 4 4 12 19 Czech Republic 4 3 3 10 20 Democratic Peoples Republic of Korea 4 0 2 6 21 Spain 3 10 4 17 22 Brazil 3 5 9 17 23 South Africa 3 2 1 6 24 Ethiopia 3 1 3 7 25 Croatia 3 1 2 6 26 Belarus 2 5 5 12 27 Romania 2 5 2 9 28 Kenya 2 4 5 11 29 Denmark 2 4 3 9 30 Azerbaijan 2 2 6 10 30 Poland 2 2 6 10 32 Turkey 2 2 1 5 33 Switzerland 2 2 0 4 34 Lithuania 2 1 2 5 35 Norway 2 1 1 4 36 Canada 1 5 12 18www.jagranjosh.com Current Affairs PDF August 2012 Page 77
  • 78. Current Affairs PDF August 2012 Page 78 37 Sweden 1 4 3 8 38 Colombia 1 3 4 8 39 Georgia 1 3 3 7 39 Mexico 1 3 3 7 41 Ireland 1 1 3 5 42 Argentina 1 1 2 4 42 Slovenia 1 1 2 4 42 Serbia 1 1 2 4 45 Tunisia 1 1 1 3 46 Dominican Republic 1 1 0 2 47 Trinidad and Tobago 1 0 3 4 47 Uzbekistan 1 0 3 4 49 Latvia 1 0 1 2 50 Algeria 1 0 0 1 50 Bahamas 1 0 0 1 50 Grenada 1 0 0 1 50 Uganda 1 0 0 1 50 Venezuela 1 0 0 1 55 India 0 2 4 6 56 Mongolia 0 2 3 5 57 Thailand 0 2 1 3 58 Egypt 0 2 0 2 59 Slovakia 0 1 3 4 60 Armenia 0 1 2 3 60 Belgium 0 1 2 3 60 Finland 0 1 2 3 63 Bulgaria 0 1 1 2 63 Estonia 0 1 1 2 63 Indonesia 0 1 1 2 63 Malaysia 0 1 1 2 63 Puerto Rico 0 1 1 2 63 Taipei (Chinese Taipei) 0 1 1 2 69 Botswana 0 1 0 1 69 Cyprus 0 1 0 1 69 Gabon 0 1 0 1 69 Guatemala 0 1 0 1 69 Montenegro 0 1 0 1 69 Portugal 0 1 0 1 75 Greece 0 0 2 2 75 Republic of Moldova 0 0 2 2 75 Qatar 0 0 2 2www.jagranjosh.com Current Affairs PDF August 2012 Page 78
  • 79. Current Affairs PDF August 2012 Page 79 75 Singapore 0 0 2 2 79 Afghanistan 0 0 1 1 79 Bahrain 0 0 1 1 79 Hong Kong, China 0 0 1 1 79 Saudi Arabia 0 0 1 1 79 Kuwait 0 0 1 1 79 Morocco 0 0 1 1 79 Tajikistan 0 0 1 1MICHEL PHELPS BECAME THE MOST SUCCESSFUL ATHLETE IN THEOLYMPIC HISTORYUS swimmer Michel Phelps became the most successful athlete in the history of Olympic gamesafter he won the gold medal in 4x200 metre freestyle relay in final race at the Aquatic Centre on 31 July 2012. Phelps, who is playing his 4th Olympics, with this victory took his individual Olympic tally to 19 (15 gold, two silver and two bronze), surpassing the 18 won by Soviet gymnast Larisa Latynina between 1956 and 1964. He first swam at the Olympics in 2000 Sydney Olympics, when he was just 15. He became the youngest American male swimmer in 68 years and placed fifth in the 200m butterfly. He also holds the world record in swimming when he swam1:54.92 in the 200m butterfly event in March 2001.Six-time winner of the World Swimmer of the Year Award, Phelps has to his credit the record ofwinning maximum number of gold medals (8) won in a single Olympics, the feat he achievedhduring 2008 Beijing Games surpassing American swimmer Mark Spitzs seven-gold record atMunich in 1972.VIJAY KUMAR BAGGED SILVER IN OLYMPICS 25 METRE RAPID FIREPISTOL EVENTIn a nerve-wracking battle for Olympic medal in theindividual 25 metre rapid fire pistol event, Indian shooterVijay Kumar clinched the silver on 3 August 2012. Kumar hitthe target 30 times out of 40 attempts in the seriescomprising eight rounds of five shots each. Leuris Pupo ofCuba, whi clinced the gold clinched scored 34 out of 40.Chinese marksman Ding Feng bagged the bronze.Born on 19 August 1985 in Hamirpur district of Himachalwww.jagranjosh.com Current Affairs PDF August 2012 Page 79
  • 80. Current Affairs PDF August 2012 Page 80Pradesh is presently a Subedar in the Indian Army’s 16th Dogra Regiment. He booked his placeat the London Olympics when he won a silver medal at the shooting World Cup in Fort Benning,US in 2011. The persevering shooter has more than 20 international medals and 75 nationalmedals to his credit. He had won 3 gold medals and one silver medal in the 2010Commonwealth Games held in Delhi. 2006 Commonwealth Games held in Melbourne saw himwinning two gold medals in two separate shooting events. In one of the major achievements in2009 ISSF World Cup held in Beijing he bagged Silver missing the gold by mere 0.1 point.Acknowledging his excellent track record and medal winning performances, the Indiagovernment awarded him with the Arjuna Award in year 2007.SAINA NEHWAL CLINCHED BRONZE IN WOMEN’S SINGLES BADMINTONEVENT AT LONDON OLYMPICS 2012 Ace Indian shuttler Saina Nehawal won India its third medal at London Olympics 2012 after she clinched a bronze in womens singles badminton event played at Wembley Arena on 4 August 2012. Saina bagged the bronze after her Chinese opponent Xin Wang conceded the match due to a knee injury. Xin Wang was one game point ahead of Saina when she decided to quit the game due to the unbearable pain. Chinese shuttlers Li Xuerui and Wang Yihan won the gold and silver medals respectively.Saina’s bronze marked India’s third medal at London Olympics 2012 and twelfth individualmedal in the history of modern oympics. The previous two medals came in shooting events.While Gagan Narang won India itsfirst bronze in the LondonOlympics on 30 July 2012, VijayKumar clinched silver on 3 August SAINA NEHWAL’S MEDAL TALLY2012. With this victory, Sainabecame the second Indian woman 2008: BWF World Junior Championships (Gold)after Karanam Malleshwari to win 2009: Indonesia Super Series (Gold)a medal in the history of olympics. 2009: Indian Open Grand Prix (Gold)Karnam Malleshwari had earned 2010: Badminton Asia Championships (Bronze)India a bronze in weight lifting 2010: Indian Open Grand Prix (Gold)event in 2000 Sydney Olympics. 2010: Singapore Open Super Series (Gold) 2010: Indonesia Open Super Series (Gold)Born in Hisar, Haryana on 17 2010: Commonwealth Games (Gold)March 1990, Saina Nehwal turned 2010: Hong Kong Super Series (Gold)a professional shuttler in 2006. 2011: Swiss Open Grand Prix Gold (Gold)Year 2008 saw her winning the 2011: Malaysia Open Grand Prix Gold (Silver)World Junior Badminton 2011: Indonesia Open Super Series Premier (Silver)Championships. In 2008 Beijing 2012: Swiss Open Grand Prix Gold (Gold)www.jagranjosh.com Current Affairs PDF August 2012 Page 80
  • 81. Current Affairs PDF August 2012 Page 81Olympics she had reached the quarter-finals round becoming the first Indian woman to reachthe quarter finals in the Olympic Games. In year 2009, she won the Indonesia Open Title,becoming the first Indian to win a BWF Super Series title. Saina’s career best ranking came in2010 when she rose to world number two position.Former Indonesian badminton great Atil Jauhari is the present coach of Saina while, nationalcoach Pullela Gopichand is her mentor.Saina was awarded with the Arjuna Award in 2009 and Rajiv Gandhi Khel Ratna Award, thehighest award given to a sportsperson in the country, in year 2010. The government of Indiaalso conferred Padm Shree, the fourth highest civilian award in India, upon her in 2010.JAMAICAN SPRINTER USAIN BOLT WON GOLD IN MEN’S 100 METERRACE, SET OLYMPIC RECORDJamaican sprinter Usain Bolt won gold in men’s 100 meter race with 9.63 seconds, fastest in thehistory of Olympics. His compatriot Yohan Blake came second as he took 9.75 second tocomplete the race. US’ sprinter Justin Gatlin grabbed bronze with 9.79 seconds.Bolt holds a world record of 9.58 second in 100 meter racing, the record he set at the BerlinWorld Championships in 2009. With it, he now has the three fastest 100 meters in history nextto his name. He is only the second Olympic champion in the 100 meters to defend his title afterUnited States Carl Lewis.MARY KOM BAGGED BRONZE IN WOMEN FLYWEIGHT BOXING ATLONDON OLYMPICS 2012In a bout fought on 8 August 2012 at the Excel Arena, star Indian female Boxer Mary Kom gotIndia its fourth medal in the London Olympics 2012, giving the country its biggest medal haul inthe history of modern Olympics. The ace pugilist, however, knocked out of the Olympic Gamesflyweight (51 kg) semi-finals after she suffered an 11-6 defeat in the hand of Britain’s NicolaAdams.Mangte Chungneijang Mary Kom popularly called Mary Kom or Magnificent Mary got her placesecured at London Olympics 2012 after winning 2012 AIBA Womens World BoxingChampionship held in Qinhuangdao, China from 9 May to 22 May 2012. There too she hadsuffered a defeat to Nicola Adams in the quarter-finals.Kicking off her Olympics campaign on 5 August 2012, Mary Kom had beat Karolina Michalczukof Poland 19-14 in the in the first round. In the quarter-final, the following day, she defeatedMaroua Rahali of Tunisia 15-6, securing one medal for the country. This was the first time whenthe women boxing event was introduced in the Olympic games.Born on 1 March 1983 in Kangathei in Manipur, India, Mary Kom turned professional boxerafter her victory in the Manipur state womens boxing championship in 2000. Mary made herwww.jagranjosh.com Current Affairs PDF August 2012 Page 81
  • 82. Current Affairs PDF August 2012 Page 82international debut at the first AIBA Womens World Boxing Championship held in the UnitedStates, where she bagged a silver medal in the 48 kg weight category. Subsequently she won agold medal in the 45 kg class at the second AIBA Womens WorldBoxing Championship inTurkey in 2002. Kom has total 5 world boxing championship titles in his name.The government of India had awarded her with the Rajiv Gandhi Khel Ratna Award, country’shighest award given to sports persons, in 2009. Besides she was also given the Arjuna Award in2003 and Padma Shree Award in 2006. She was also appointed the International BoxingAssociation’s Ambassador for Women’s Boxing in 2009.INDIA BAGGED RECORD SIX MEDALS IN LONDON OLYMPICS 2012 ASSUSHIL KUMAR SETTLED FOR SILVERSushil Kumar, the star Indian grappler, won India its sixth medalon the very last day in London Olympics 2012. The wrestlerbagged the silver after his Japanese opponent TatsuhiroYonemitsu overpowered him 3-1 in the gold medal bout in the66-kg freestyle category on 12 August 2012.With this victory Susheel Kumar also got his name written in thesports history annals of the country as became the first everIndian sportsperson to win individual medals in two successiveOlympic Games. Kumar had won a bronze at the 2008 BeijingGames.In a separate 60-kg wrestling event, Yogeshwar Dutt, another Indian wrestler won India abronze medal. Dutt defeated North Koreas Ri Jong Myong in the bronze medal bout on 9August 2012.With the two medals in wrestling India took the total number of its medals in London Olympics2012 at a record haul of six medals. Shooter Vijay Kumar bagged the silver medal in the 25 mRapid Fire event, while MC Mary Kom, five-time world womens boxing champion, ace shuttlerSaina Nehwal and rifle shooter Gagan Narang won India bronze medals. Gagan Narang openedIndia’s account at the medal tally after he won bronze in shooting event on 30 July 2012.In a major setback to the country’s Olympic campaign, India’s mens hockey team finished 12thand at the bottom most as they lost all their six matches. It was the worst-ever performance bythe Indian hockey team in the history of Olympics. Prior to this the worst ever performance ofthe Indian Hockey team came in 1996 Atlanta Olympics when it had finished 8th.Besides, major medal hopes for the country such as Beijing Gold medalist Abhinav Bindra inshooting and Deepika in Archery also could not meet with the expectations of the people, asthey squarely failed to deliver a medal winning performance. Beijing bronze medalist VijenderKumar also failed to recreate the magic in the boxing ring as he lost to Uzbekistans AbbosAtoev 17-13 in the quarterfinals.www.jagranjosh.com Current Affairs PDF August 2012 Page 82
  • 83. Current Affairs PDF August 2012 Page 83VVS LAXMAN ANNOUNCED RETIREMENT FROM INTERNATIONALCRICKETV.V.S. Laxman, on 18 August 2012 announced his retirement from international cricket, endinga glorious career spanning 16 years. Laxman played 134 Tests, amassing 8781 runs at anaverage of 45.97. He scored 17 hundreds and 56 half centuries and earned the sobriquet VeryVery Special. Laxman made his Test debut in 1996 against South Africa at Ahmedabad.Laxman, played 86 ODI matches for an aggregate of 2338 at an average of 30.76. But he couldnever become the part of Indian team in any cricket world cup edition.RORY MCLLROY WON THE US PGA GOLF CHAMPIONSHIPRory Mcllroy won the US PGA Golf Championship at Kaiwahisland on 12 August 2012, claiming his second major title witha record-setting eight-shot victory. With this victory Mcllroyalso became world number one player surpassing LukeDonald.23-year Mcllroy, hit a six-uneder 66 to finish 13 under, while,David Lynn and Ian Poulter finished second and thirdrespectively. Tiger Woods, four-time winner of the title,faltered to a level par 72 and two under total.IOA SET UP THREE-MEMBER COMMITTEE TO RESOLVE ISSUES IN INDIANHOCKEYThe Indian Olympic Association set up a three-member committee to resolve the issues inIndian Hockey. Hockey India and the Indian Hockey Federation, the two bodies for Hockey inIndia have been asked to present their stand before the committee on 21 August 2012.The committee has been set up following the directions from the International HockeyFederation in July 2012. The three-member committee will have former Wrestling Federation ofIndia president GS Mander, the Indian Weightlifting Federation president Birendra PrasadBaishya and the Handball Federation of India secretary-general SM Bali as its member. Thecommittee will submit its report on 31 August 2012.In its worst ever performance the Indian Hockey team had finished at the bottom in the LondonOlympics 2012. The team, which had failed to qualify for the Beijing Olympics 2008, suffereddefeat in all the eight matches it played in the London Games.RAJYAVARDHAN SINGH RATHORE APPOINTED AS THE HEAD OF RAJIVGANDHI KHEL RATNA AWARDS COMMITTEEwww.jagranjosh.com Current Affairs PDF August 2012 Page 83
  • 84. Current Affairs PDF August 2012 Page 84Rajyavardhan Singh Rathore, the silver medallist of Athens Olympics 2004, was named the headof the 15-member committee, set up to select the Rajiv Gandhi Khel Ratna Awardee and ArjunAward winners. Aslam Sher Khan, the former hockey team skipper, was named the head of the15-member committee that will select the Dronacharya Awardees.Rajeev Gandhi Khel Ratna Award is the highest sports award in the country. The award consistsof a cash award of 7.5 lakh rupees, a scroll of honour and a medal. Arjuna Awards, the secondhighest awards given to sportspersons, carries a scroll of honour, and a cash award of five lakhrupees. Dronacharya Awards are given to the coaches of different sports for their remarkablecontribution. The Dronacharya Awards are consisted of a plaque, a scroll of honour, ceremonialdress and a cash award of five lakh rupees.ROGER FEDERER AND LI NA WON CINCINNATI MASTERSWorld no. 1 tennis player Roger Federer won a record fifthWestern & Southern Open Title (Cincinnati Masters) atCincinnati on 19 August 2012. Federer beat second seededNovak Djokovic 6-0, 7-6, (9-7). This was the first time whentop-seeded men’s players clashed in the final of CincinnatiMasters.In women’s singles final China’s Li Na beat German Angelique Kerbar to win her first title of theseason. Li Na overcame the terrible first set to record a 1-6, 6-3, 6-1 victory over her rival.To make it to the final, Li defeated American wild card Venus Williams in the semifinals. Kerber,meanwhile defeated Petra Kvitova, the winner over Li in Montreal, in her semifinal match atnight on Center Court. Defending Champion Maria Sharapova withdrew from the tournamentdue to illness.SOUTH AFRICA REPLACED ENGLAND AS THE WORLD’S NUMBER ONECRICKET TEAMSouth Africa replaced England as the World’s Number One TestCricket team. The feat was achieved after its 2-0 victory over South Africa 120 pointsEngland in the three Test-match series, which ended at Lord’s England 117 pointsCricket Ground in London on 21 August 2012. England hadbeen the top team in the Reliance ICC Test Championship table Australia 116 pointssince August 2011 when it dethroned India while South Africa Pakistan 109 pointshas assumed the number one spot for the first time since India 104 pointsNovember 2009. Here is the latest ICC Test Championship table Sri Lanka 98 pointsgiven in the box. West Indies 90 pointsNote: Zimbabwe is presently unranked, as it has playedinsufficient matches.www.jagranjosh.com Current Affairs PDF August 2012 Page 84
  • 85. Current Affairs PDF August 2012 Page 85VIJAY KUMAR AND YOGESHWAR DUTT CHOSEN FOR RAJIV GANDHIKHEL RATNA AWARD 2012London Olympics silver medalist Vijay Kumar and Bronzemedalist Yogeshwar Dutt will be conferred with thecountry’s highest sporting honour Rajiv Gandhi Khel RatnaAward for the year 2012. Besides, 25 sportspersons will bepresented the Arjuna Awards, the second highest sportsaward in the country. The awards were announced by theUnion Sports Ministry on 19 August 2012.Usually the Rajiv Gandhi Khel Ratna award is given to onlyone sportsperson in one calendar year but the rule can berelaxed in special circumstances such as an Olympic medal.Pistol shooter Vijay Kumar bagged a silver in the 25m rapid fire event at the London Olympics,while wrestler Yogeshwar Dutt claimed a bronze in 60kg free style event.LIST OF THE SPORTS PERSONS, CHOSEN FOR ARJUNA AWARDS:A 15-member selection committee headed by Rajyavardhan Singh Rathore, the 2004 SydneyOlympics silver-medalist and comprising noted sportspersons such as Akhil Kumar (boxing),www.jagranjosh.com Current Affairs PDF August 2012 Page 85
  • 86. Current Affairs PDF August 2012 Page 86Khajan Singh (swimming), Baichung Bhutia (football) and Ravi Shastri (cricket) finally approvedthe name of the 27 sportspersons for the coveted award.The awardees will be presented the award by the President of India on National Sports Day on29 August 2012. Rajeev Gandhi Khel Ratna Award: The Rajeev Gandhi Award was instituted in 1991-92. The award carries a medal, a scroll of honour and a cash prize of 7.5 lakh rupees. So far the award has been given to as many as 26 sportspersons. VishvanathanAnand was the first sportsperson to receive the award. Arjuna Award Arjuna Award was instituted in 1961. The award carries a medal, a scroll of honour and a cash prize of 5 lakh rupees.ANKUR MITTAL WON THE BRONZE MEDAL IN THE FOURTHINTERNATIONAL JUNIOR SHOTGUN CUPAnkur Mittal won the bronze medal in double trap in the fourth International junior shotgunCup in Orimattila, Finland. He scored 177 points.Mittal had scored 45, 41 and 45 in qualification and 46 in the final. Shayan Masood, the otherIndian came fourth, one point behind. He had scored 130 in qualification following a series of43, 45 and 42.The results of Men’s double trap: 1. Artem Nekrasov (Rus) 190 (142); 2. Kiril Fokeev (Rus) 183(139); 3. Ankur Mittal 177 (131); 4. Shayan Masood 176 (130).INDIA DEFEATED AUSTRALIA TO WIN ICC UNDER-19 CRICKET WORLDCUPIndia defeated host and defending champion Australia to win ICC Under-19 Cricket World Cup.In the final match played at Townsville in Australia on 26 August 2012, the Indian under -19squad led by Unmukt Chand beat Australian side by 6 wickets. Skipper Unmukt Chand scoredunbeaten 111 runs leading his team to a glorious victory.Batting first the Australian team scored 225 runs with the loss of 8 wickets. Australian captainWilliam Bosisto scored unbeaten 87 runs. India started strongly but lost 4 wickets on just 97runs. Subsequently skipper Chand guided the Indian team to a 6 wickets victory in the 48thover.www.jagranjosh.com Current Affairs PDF August 2012 Page 86
  • 87. Current Affairs PDF August 2012 Page 87William Bosisto, the Australian skipper received the Man of the Tournament award. AnamulHaque of Bangladesh scored 365 runs, highest in the tournament. Reece Topley of Englandclaimed 19 wickets and remained the leading wicket taker of the tournament.This victory marked third under-19 world cup title for India after Mohammad Kaif in 2000 andVirat Kohli in 2008 had led the team to the tournament victory.A total of 16 teams participated in the tournament. The teams were put into four groups A, B, Cand D. India was placed in group C along with Papua New Guinea, West Indies and Zimbabwe.Australia was placed in group A alongside Ireland, England and Nepal.ICC UNDER-19 WORLD CUPThe ICC Under-19 World Cup started as an 8-team event in 1988. The tournament was notstaged after its first edition in 1988 till 1998 and since then has been organised by the ICC as abiennial event. The number of competing teams in the tournament has increased from eight in1988 to the present 16 giving an opportunity for a number of associate and affiliate teams toshowcase its talent.DELHI WON THE 23RD FEDERATION CUP NATIONAL THROWBALLCHAMPIONSHIPDelhi teams, both in male and female categories, lifted 23rd Federation Cup Throw BallChampionship-2012. The Championship which was held on 23-25 August 2012, was organisedby the J&K Throw Ball Association in collaboration with Throw Ball Federation of India at sportsground Government College for Women M A Road Srinagar. As many as 20 teams, both in maleand female categories, from various States and Union Territories of the country participated inthe Championship.Delhi beat Tamil Nadu 15-10, 15-12 in the women’s final of the Federation Cup Nationalthrowball championship which was held in Srinagar. In the men’s final, Delhi beat AndhraPradesh 2-1. Nine State teams took part in the championship.QUEEN ELIZABETH OFFICIALLY OPENED THE LONDON PARALYMPICGAMESQueen Elizabeth officially on 29 August 2012 opened the London Paralympic games, which willbe the biggest in the events 64 year history. The flame was lit at midnight, local time. Theceremony was watched by some 80000 spectators. Britains first Paralympic Games goldmedallist, Margaret Maughan hit the cauldron.The opening ceremony signalled the start of 11 days of competition by 4200 athletes from 164countries, including more than 300 athletes from Britain.www.jagranjosh.com Current Affairs PDF August 2012 Page 87
  • 88. Current Affairs PDF August 2012 Page 88ENGLAND’S TEST TEAM CAPTAIN ANDREW STRAUSS RETIRED FROMINTERNATIONAL CRICKETEngland’s test team captain Andrew Strauss announced his retirement from internationalcricket on 29 August 2012. Under Strauss’ captaincy the England team witnessed back-to-backAshes wins over Australia and reached to the top of the test rankings. He was appointed theskipper of English team in 2009 replacing Kevin Pietersen.A left-hand batsman, Strauss made his first class debut in year 1998 and one-day internationaldebut in 2003 against Sri Lanka. Strauss made his test debut against New Zealand at Lord’s in2004, where he scored 112 and 83 runs in two innings and received Man of the Match award.In a nine-year long international career, Strauss played 100 tests and 127 one-dayinternationals. Strauss has to his credit 7037 and 4205 runs in test and ODIs respectively.HASHIM AMLA BECAME THE FASTEST PLAYER TO REACH LANDMARK3000 ONE-DAY INTERNATIONAL RUNSHashim Amla, the star South AfricanBatsman, became the fastest player to score3000 runs in one-day international on 29August 2012. Amla achieved thetremendous feat during the course of his150 run individual knock that led SouthAfrican squad to a 80-run victory overEngland at the Ageas Bowl in Southampton.Hashim Amla took a total of 57 innings tobecome the fastest player to score 3000runs while his closest competitor VivianRichards took 69 innings. Here is the list of10 players who reached the landmark 3000ODI runs, in quickest time, in terms ofinnings.DLF ANNOUNCED TO END ITS ASSOCIATION WITH INDIAN PREMIERELEAGUEIndia’s largest real estate company DLF decided to end its five-year long association with IndianPremiere League as its title sponsor. The last date of renewal of contract was 28 July 2012, andthe company did not file application for the renewal of its contract. The company spent 250crore rupees in its five-year association with IPL.www.jagranjosh.com Current Affairs PDF August 2012 Page 88
  • 89. Current Affairs PDF August 2012 Page 89DLF has been actively promoting different sports in the country. The company organizes DLFMasters Golf Tournament in Gurgaon every year. It is also one of the sponsors of the Davis Cuptennis tournament 2012, which will be held in Chandigarh.Besides, DLF has associated itself with various other sports over the years. It had supportedHaryana Open Badminton Championship, Delhi Football League and various other sportsevents.ENVIRONMENT ECOLOGYINDIAN PROJECT WON THE WORLD ENVIRONMENT DAY CHALLENGEAn environment project made by Hand in Hand India, a Chennai based developmentorganization was named the winner of World Environment Day Challenge 2012 organised bythe UN. Projects of our other organisations also emerged victorious for their unique andinspiring work.Hand in Hand India created a colourful 10000 square foot rangoli carpet depicting 10environmental themes. The awe inspiring theme came into being after the tireless efforts ofnearly 500 volunteers.The names of a Colombian group Fundacion Ecoprogreso, Kenyan group Maji Mazuri CentreInternational, Asutralias Sunshine Coast Environment Council and a Bangladeshi non-profitorganization, Shidhulai Swanirvar Sangstha also figured in the list of winners.To increase the people’s participation in environmental activities the UN EnvironmentProgramme (UNEP) had come out with the innovative competition on World Environment Day2012. Under the competition people across the world were asked to come out with an uniqueenvironmental project in connection with World Environment Day 2012. The WorldEnvironment Day is observed on 5 June every year.NASA’S SCIENTISTS WARNED EARTH MIGHT FACE MORE HEAT WAVESScientists at NASAs Goddard Institute for Space Studies (GISS) warned that most of Earths landareas might face an extreme summer heat wave than they did between 1951 and 1980.Scientists revealed that over the past 30 years the northern hemisphere has witnessed more"hot" (orange), "very hot" (red) and "extremely hot" (brown) summers.Scientists noted that Earths northern hemisphere, which comprises of 90 percent of theplanets land has become much more likely to experience an extreme summer heat wavecompared to a base period from 1951 to 1980.The researchers described how "extremely hot" summers has become a routine over the past30 years. Since 2006, about 10 percent of land area across the Northern Hemisphere hasexperienced these temperatures each summer. Study show how heat waves in Texas,www.jagranjosh.com Current Affairs PDF August 2012 Page 89
  • 90. Current Affairs PDF August 2012 Page 90Oklahoma and Mexico in 2011, and in the Middle East, Western Asia and Eastern Europe in2010 fall into the new "extremely hot" category.PARLIAMENTARY PANEL ON AGRICULTURE RECOMMENDED TO BAN GMFOOD CROPSIn a major setback to the production of genetically modified (GM) foods in the country, aparliamentary panel on agriculture asked the government to ban all field trials of GM cropsuntil it develops until it develops a better system of monitoring and oversight.In the 389-page report submitted in the parliament on 9 August 2012, the panel also demandeda complete probe into how permission was granted in 2009 for the commercialisation of Btbrinjal (also known as aubergine, or eggplant). Bt Brinjal was developed by Pune-based Mahyco(Maharashtra Hybrid Company) in a joint venture with US seed giant Monsanto.The Genetic Engeneering Appraisal Committee had cleared the commercialization of Bt Brinjalon 14 October 2009, though soon after its clearance it was caught amidst bitter controversiesranging from its environmental impacts to ethical concerns such as corporate control of thefood supply and intellectual property rights. Bt cotton was the only GM crop before Bt Brinjalwhich had got clearance for commercialization.MINISTRY OF ENVIRONMENT AND FOREST ISSUED ADVISORY TOREDUCE THE IMPACT OF COMMUNICATION TOWERSThe Ministry of Environment and Forest (MoEF) on 14 August 2012 issued an advisory to reducethe negative impact of Electro Magnetic Radiations emanating from the communication towers.Acting on the recommendations made by an expert panel, constituted to Study the possibleImpacts of Communication Towers on Wildlife including Birds and Bees, the ministry issuednumerous guidelines.Some of the major directives issued by the MoEF are as follows:1. Regular Electro Magnetic Radiation (EMR) to be conducted in urban localities and ecologicallysensitive regions.2. New mobile towers not to be set up within the 1 km radius of existing towers.3. Any study conducted on impact of EMR radiation on wildlife needs to be shared with ForestDepartment andDepartment of Telecommunications to facilitate appropriate policyformulations.4. The location and frequencies of cell phone towers and other towers emitting EMR, should bemadeavailable in public domain.5. State governments are urged to spread awareness among the people about the negativeimpacts of EMR using different media.www.jagranjosh.com Current Affairs PDF August 2012 Page 90
  • 91. Current Affairs PDF August 2012 Page 91SUPREME COURT EXTENDED THE BAN ON TOURISM ACTIVITIES IN TIGERRESERVESThe Supreme Court of India on 22 August 2012 extended the ban on tourism activities in thecore areas of tiger reserves. A bench of Justices A K Patnaik and Swatanter Kumar asked theUnion government some searching questions as it made a fresh plea for the review of the apexcourts July 24 order banning tourism in the core areas of tiger reserves.The ban extended would remain in place at least till next hearing on 29 August 2012.SCIENCE & TECHNOLOGYSTUDY FOUND TUMOR STEM CELLS MULTIPLY AND FUEL CANCERIn the studies conducted by American, Belgian, British and Dutch researchers it was found thattumors contain their own pool of stem cells that can multiply and keep fueling the cancer,seeding regrowth. Studies were published on 1 August 2012 in the journals Nature and ScienceStem cells in healthy tissues are known for their ability to produce any kind of cell. The newresearch deals with a different kind, cancer stem cells. Some researchers, but not all, believethey lurk as a persisting feature in tumors. The three studies used labeling techniques to tracethe ancestry of cells within mouse tumors.A WEB-BASED SYSTEM DEVELOPED FOR ADVISING FARMERS ONFERTILIZERSThe Indian Institute of Soil Science developed a web-based system for advising farmers the rightquantity of fertilizers that they should use in their soils for a particular type of crop.The software takes into account the soil type in different districts of the country and availablenutrient in the soil. It takes into consideration the crop and cropping season in calculating thenutrient requirement. In some cases, it takes care of even different available varieties of maincrops. Finally, the system converts the nutrient data into the quantities of main fertilizers-urea,MOP and SSP that are required to be used by the farmer.This system is presently available district-wise for these 11 states: Andhra Pradesh, Bihar,Chhattisgarh, Haryana, Himachal Pradesh, Karnataka, Maharashtra, Orissa, Punjab, Tamil Naduand West Bengal.SCIENTISTS UNVEILED THE ORIGIN OF THE SINGING MICEScientists discovered the origin of singing mice that use songs to communicate. The scientistsstated that this can help identify genes that affect language in humans.www.jagranjosh.com Current Affairs PDF August 2012 Page 91
  • 92. Current Affairs PDF August 2012 Page 92The singing mice are brown fur rodents instead of the normal white ones, they are found in thetropical cloud forests in the mountains of Costa Rica. Apparently, the song of the singing mice isa rapid-fire string of high pitched chirps called trills , which are used mostly by males to attractmates.Up to twenty chirps are squeaked out per second, however unlike birds, the mice generallystick to a song made up of only a single note.Steven Phelps the main researcher behind the singing mice is already making news. Phelp’sresearch on the behavior of the mouse has appeared in the journals Hormones and Behaviourand Animal Behaviour.His newest research project is responsible for examining the genetic components that influencesong expression and is a special gene called FOXP2.A NEW STRAIN OF RICE DEVELOPED BY THE SCIENTISTS THAT COULDBOOST CROP YIELDSScientists developed a new strain of rice that could increase crop yields by a fifth for smallfarmers. It grows well in soils lacking the nutrient phosphorus. The gene will be now transferredto modern varieties of rice using classic methods of cross-breeding, not genetic engineering.Many soil types bond tightly to phosphorus, allowing only a small quantity of the preciousmineral to plant roots.To solve this problems, farmers seek help of phosphorus fertilisers. But inpoor countries, this option costs too much, which means the plant is left undernourished.Ultimately, this meagre growth affects yields.In October 2011, the UN Population Fund (UNFPA) said the global population of seven billioncould rise to at least 10 billion by 2100. Therefore, we need more yields. Phosphate fertilisersare typically extracted from layers of rock which were ocean sediments millions of years ago.ONE LINERSThe one liner for the month of August 2012 talks about the most important happenings thathave happened over the world. It helps the student understand what news to be remembered.It is a very good exercise for students sitting for various competitive examinations, as it alsohelps brushing one’s knowledge on current affairs. Students can visit this section to keepabreast with the world happenings.The person who is appointed as Union Finance Minister after a small cabinet reshuffle - PChidambramUS Swimmer who became the Most Successful Athlete in the Olympic History - Michel Phelps.Indian sports personality who bagged Silver in Olympics 25 Metre Rapid Fire Pistol Event - VijayKumar.www.jagranjosh.com Current Affairs PDF August 2012 Page 92
  • 93. Current Affairs PDF August 2012 Page 93Former UN secretary general quit as the UN special envoy to Syria - Kofi Annan.India signed Tax Information Exchange Agreement (TIEA) with which Sovereign city state on 31July 2012 in New Delhi that will allow the two countries to check tax evasion - Monaco.The Indian Scientist who was honoured with Fundamental Physics Prize (FPP) 2012 - AshokeSenJamaican Sprinter who won Gold in Men’s 100 Meter Race and set Olympic Record - Usain BoltThe personality who sworn in as the Head of Gorkhaland Territorial Administration - BimalGurung.The Indian badminton player who clinched Bronze in Women’s Singles Badminton Event atLondon Olympics 2012 - Sania NehwalThe world renowned sports personality won the US PGA Golf Championship – Rory McllroyTHE INDIAN ECONOMIST WHO IS APPOINTED THE NEW CHIEF ECONOMIC ADVISOR IN THEFINANCE MINISTRY- RAGHURAM RAJANThe corporate personality who stepped down as the chairman of Mahindra & Mahindra -Keshub MahindraINDIA successfully test-fired medium range ballistic missile - AGNI-IIFIRST MEETING OF THE INDIA-CELAC troika foreign ministers was held in - NEW DELHITHE BANK WITH WHICH JET AIRWAYS TIED UP AND LAUNCHED CREDIT CARDS - HDFC BankThe person who is appointed as the New Election commissioner - Syed Nasim AhmedDeath of famous Indian cinematographer - Ashok MehtaThe VICE MINISTER OF FOREIGN AFFAIRS OF CUBA WHO VISITED INDIA in August - RogelioSierra DiazThe Indian- American journalist and author suspended by Time, CNN for plagiarism - FareedZakariaThe bird which was declared as state bird of Delhi - The house sparrowThe Union minister of science and technology who passed away - Vilas Rao Deshmukh1975 Batch IRS Officer appointed as chairman of central board of direct taxes (CBDT) - PoonamKishore SaxenaThe person appointed as the new Union Minister of Science and technology-Vayalar Raviwww.jagranjosh.com Current Affairs PDF August 2012 Page 93
  • 94. Current Affairs PDF August 2012 Page 94Two Indian sports personality choosen for Rajiv Gandhi khel ratna award - Vijay Kumar andYogeshwar DuttPerson elected as Deputy chairman of Rajya Sabha - PJ KurienNEWS CAPSULEKAUSHIK BASU ENDED TENURE AS THE CHIEF ECONOMIC ADVISOR INNEW DELHIKaushik Basu ended his tenure as India’s Chief Economic Advisor on 31 July 2012. A professorfrom Cornell University, he held the position for two and a half years at the North-Block, NewDelhi.Prior to his stint as the economic advisor, Basu was the Chairman of the Department ofEconomics in the year 2009 and between 2006-9 he was the Director of the Center for AnalyticEconomics at Cornell. He at present is the fourth President of the Human Development andCapabilities Association, which was founded by Amartya Sen.He has also held advisory posts with the ILO, the World Bank, the Reserve Bank of India andwas, for several years, member of the steering committee of the Expert Group of DevelopmentIssues set up by the Swedish Government. At present, he is a member of the Board of Directorsof the Exim Bank of India.As a Fellow of the Econometric Society, the Ex chief economic advisor published widely in theareas of Development Economics, Industrial Organization, Game Theory and WelfareEconomics. His books include Analytical Development Economics, Prelude to Political Economy:A Study of the Social and Political Foundations of Economics and Of People, Of Places: Sketchesfrom an Economist’s Notebook.In the month of May, 2008 he was awarded, the Padma Bhushan, by the President of India,which is one of India’s highest civilian awards.As a pass out from the St. Stephens College and the London School of Economics, this stalwartsaw various fluctuations in the economic background of this country. Whilst stepping down, hestated that the inflation in India is expected to dip down by September 2012, by seven percent.Basu also stated that India needs to tackle corruption to be able to tackle bigger issues.9 PHYSICISTS WORLDWIDE RECEIVED THE FUNDAMENTAL PHYSICSPRIZE9 physicists worldwide were given the Fundamental Physics Prize on 31 July 2012. The prizeswere given to the physicists for their remarkable contribution to the field of fundamentalphysics. Fundamental Physics Prize has been established by Russian Businessman Yuri Milnerand the most money-spinning academic prize in the world.www.jagranjosh.com Current Affairs PDF August 2012 Page 94
  • 95. Current Affairs PDF August 2012 Page 95Winners of the award include, Ashoke Sen, N J Nima, Arkani-Hamed, Juan Maldacena, NathanSeiberg, Edward Witten, Andrei Linde, Alexei Kitaev, Maxim Kontsevich, Ashoke SenThe winners will receive 3 million dollar as the prize amount. The Nobel Prize currently comeswith an award of 1.2 million dollar, which is generally divided between two or three people.UP GOVERNMENT INAUGURATED STATE SERVICE DELIVERY GATEWAY INLUCKNOWLucknow: The state government inaugurated State Service Delivery Gateway here. Lucknow isthe capital of Uttar Pradesh.Uttar Pradesh government on 1 August 2012 inaugurated State Service Delivery Gateway, inLucknow. In first phase, 26 services of eight departments were included in this scheme. Nowpeople can get certificates etc. from Panchayati Raj, Revenue, Labour, Urban development,social welfare and food and civil supplies departments.INDIAN SCIENTIST ASHOKE SEN WAS HONOURED WITH FUNDAMENTALPHYSICS PRIZEIndian Scientist Ashoke Sen was honoured with Fundamental Physics Prize (FPP) 2012 on 31 July2012. He is 56 years old. Ashoke will get the cash prize of three million dollar which is doublethe cash prize of Nobel Prize. He is the only Indian who was honored with this award.He was the Professor of Physics in Harish Chandra Research Institute, Allahabad. In the year1988, he had joined Tata Institute of Fundamental Research in Mumbai.This Prize was started by the billionaire of Russia Yuri Milner. The prize was given to thephysicists for their remarkable contribution to the field of fundamental physics. The winners ofFundamental Physics Prize were selected by Yuri Milner. Yuri Milner was the researcher inLebedev Physical Institute.Prof. Sen received Padma Shri award and the Indian National Science Academy in the year 2001and 1995 respectively. He had received CSIR’s Shanti Swarup Bhatnagar Prize in the year 1994.He was also elected as the fellow of the Royal Society of London in the year 1998.Sen studied at Presidency College of Kolkata and had successfully completed his masters fromIndian Institute of Technology, Kanpur in the year 1976. He had completed his PhD from StateUniversity of New York, Stony Brook. He also worked with Fermilab and Stanford before comingback to the Country.KOFI ANNAN QUIT AS THE UN SPECIAL ENVOY TO SYRIAFormer UN Secretary-General Kofi Annan on 2 August 2012 stepped down as the UN specialenvoy to Syria. Annan formally informed UN Secretary-General Ban Ki-moon and the Secretary-www.jagranjosh.com Current Affairs PDF August 2012 Page 95
  • 96. Current Affairs PDF August 2012 Page 96General of the League of Arab States, Nabil El Araby about his decision. His appointment for thehigh-profile as the UN peace interlocutor was set to expire on 31 August 2012.Annan was appointed the UN-Arab League special envoy to Syria in February 2012. Aformidable diplomat Annan was assigned with the task to explore for the peaceful solution tothe Syrian crisis and secure a peaceful transition of the regime.Kofi Annan right after taking over the charge as the special envoy to Syria came up with a six-point peace plan to stop violent struggle in the Syria. The peace plan which was submitted toUN Security Council comprised of following points:1. Working with international envoy to secure peaceful political transition in the country bytaking into account of the legitimate aspirations and concerns of Syrian people2. End to violence by all sides; army troops to stop using heavy weapons and withdraw tobarracks3. Permission for humanitarian assistance particularly for the areas worst hit by violence4. Accelerate the pace of release of detainees who were detained arbitrarily by the presentgovernment5. Ensuring freedom of movement for journalists6. Permission to the citizens for peaceful demonstrationsKofi Annan, who was named the special envoy to Syria given his extra ordinary credential as adiplomat, starkly failed to restore peace in the war-torn nation. His failure in making Bashar-al-Assad led Syrian regime fall in line caused major disappointment for the peace initiatives in thecountry. Besides, he also failed miserably in attempt to get all the super powers on oneplatform as Russia and China two veto-wielding nations in UN Security Council vehementlyopposed the western plan of peace in Syria.An estimated 20000 people have already lost their lives in one of the most violent chapter ofArab Spring, which took the entire Arab world by strom in 2011. The unrelenting bloodshed isnow on the verge of morphing into a civil war, which could prove to be more troublesome forthe global community.PATHER PANCHALI SECURED 42 RANK IN SIGHT AND SOUND POLLPather Panchali secured 42 rank in SIGHT AND SOUND POLL with 31 votes on 2 August 2012. Itwas featured in the 50 greatest films of all time List by Sight & Sound Maganzine.Pather Panchali (Song of the Road) was made by the Film maker Satyajit Ray. This Film wasbased on Bengali Novel PATHER PANCHALI written by BIBHUTIBHUSHAN BANDOPADHYAY.This movie was made under the small budhet of Rs. 150 thousand. It was lyrical and the story ofthe film was related to the peasant family in rural India of 1920. Approximately, 846 critics,academics and distributors had given the vote to Pather Panchali for the 50 greatest films.www.jagranjosh.com Current Affairs PDF August 2012 Page 96
  • 97. Current Affairs PDF August 2012 Page 97Pather Panchali was honoured with Best Human Document prize at the Cannes Film Festival inthe year 1956. This is first Indian Film that was the part of the Sight & Sound list. In 2002, thisfilm was ranked 22 in Sight and Sound Poll. SIGHT & SOUND is the reputed Magazine from theFilm Institute of British. Vertiogo secured first rank in Sight and Sound Poll.RAKESH SINGH APPOINTED AS THE 55TH PRESIDENT OF ICAIRakesh Singh was appointed as the 55th President of Institute of Cost Accountants of India(ICAI) on 21 July 2012 for the year 2012-13. He succeeded M. Gopalakrishnan. Rakesh Singh wasthe former Vice-President of ICAI. S.C. Mohanty succeeded Rakesh Singh as the Vice-Presidentof ICAI.Institute of Cost Accountants of India (ICAI) is the Professional Institute. It is a statuary bodyunder an act of Parliament. ICAI serves for the nation, government, industry and the Society.They had received the National Award for Excellence in Cost Management in the year 2011.BIMAL GURUNG APPOINTED AS CHIEF EXECUTIVE OFFICER OF GTAGurung was sworn in as the CEO on 4 August 2012. It was administered by the Governor ofWest Bengal, Union Ministers Sushil Kumar Shinde and Mukul Roy, and Mamata Banerjee.Hewas appointed as Chief Executive Officer (CEO) of Gorkhaland Territorial Administration (GTA)on 3 August 2012. He was the former president of Gorkha Janmukti Morcha (GJM). He has theresponsibility to develop hills of Darjeeling, Terai and Dooars. He has to take care of theAdministration of Gorkhaland.Gorkhaland Territorial Administration (GTA) is a semi-autonomous administrative body forDarjeeling hills in West Bengal, India. GTA has three hill sub-divisions they are: - Darjeeling,Kalimpong, Kurseong and some areas of Siliguri sub-divisions.TYPHOON DAMREY HIT THE CHINESE PROVINCES LIAONING AND HEBEITyphoon Damrey hit the Chinese provinces Liaoning and Hebeiin the first week of August 2012 causing severe damage to life Damrey- A Typhoonand properties. The Typhoon also caused heavy rains and which hit China in thefloods. first week of August 2012Approximately, 1.46 million people of 43 counties and urbandistricts in 10 cities of Liaoning were affected by heavy rains and floods.PRIME MINISTER OF FIJI, LAISENIA QARASE WAS PUNISHED FOR ONEYEAR PRISONPrime Minister of Fiji, Laisenia Qarase was punished for One year Prison on 3 August 2012 bythe Supreme Court of Fiji. He found guilty on corruption charges. He was unable to answer thewww.jagranjosh.com Current Affairs PDF August 2012 Page 97
  • 98. Current Affairs PDF August 2012 Page 98Government about his private investment in three companies to whom he was helpingfinancially from past 20 years. He is not allowed to take part in the Prime Minister’s elections ofFiji in the year 2014.Laisenia served as the Prime Minister for six years. He became the Prime Minister in the year2000. In 2006, he was ejected from a military coup. He was also convicted for nine chargeswhen he was a public servant in the era of 1990.The former Prime Minister of Fiji, Mahendra Chaudhry was also caught in the case ofCorruption. He was blamed with the three charges under the Foreign Exchange Control Act.SECURITIES AND EXCHANGE BOARD OF INDIA INAUGURATED THEIRLOCAL OFFICE IN JAIPURJaipur: Securities and Exchange Board of India (SEBI) inaugurated their local office here. Jaipuris known as the Pink City. It is the largest city in Rajasthan State.Securities and Exchange Board of India (SEBI) inaugurated their local office in Jaipur on 4 August2012. It was inaugurated by Rajeev Kumar Agarwal, the member of SEBI. The office will beresponsible to look after all the regulatory aspects of investor protection, investor educationand all the other responsibilities within Rajasthan state.NEW SPECIES OF SPIDER NAMED AFTER NATURALIST DAVIDATTENBOROUGHA new species of spider found only on one island in Queensland, Australia was named after theBritish naturalist and celebrated TV broadcaster Sir David Attenborough. The prethopalpusattenboroughi spider is just over one millimetre in length and exists only on Horn Island in theTorres Strait in Queensland.The spider was discovered and described by Queensland Museum research fellow BarbaraBaehr and WA Museum head of terrestrial zoology Professor Mark Harvey. Prethopalpus iscommonly known as a goblin spider.It is not the first time a species has been named after Sir David as earlier a fossil of a fish thatexisted 380 million years ago was named Materpiscis attenboroughi.FORMER CHIEF MINISTER OF GUJARAT, KESHUBHAI PATEL LAUNCHEDGUJARAT PARIVARTAN PARTYFormer Chief Minister of Gujarat, Keshubhai Patel launched Gujarat Parivartan (GPP) Party on 6August 2012. Keshubhai Patel and the former union textile minister Kanshiram Rana resignedfrom Bhartiya Janta Party (BJP) on 4 August 2012. This Party would contest all the 182 seats inGujarat assembly elections which will be held by the end of 2012.www.jagranjosh.com Current Affairs PDF August 2012 Page 98
  • 99. Current Affairs PDF August 2012 Page 99GUNMAN KILLED 6 AT SIKH TEMPLE IN OAK CREEK IN WISCONSINOak Creek: Oak Creek is a city in Milwaukee County of Wisconsin state in United StatesWisconsin: Wisconsin is one of the 50 states of United States, located in the north-central partof the country.The place came in spotlight after a gunman killed 6 worshipers at a Sikh temple at Oak Creek inWisconsin on 5 August 2012.The temple in Oak Creek was founded in October 1997 and has acongregation of 350 to 400 people.An estimated 500000 or more Sikhs live in the United States. Since the attacks of September 11,2001 by Islamist militants, Sikhs have sometimes been confused publicly with Muslims becauseof their turban headdress and beards. Sikh is the fifth-largest organized religion in the world,with more than 30 million followers.NARESH CHANDRA COMMITTEE SUBMITTED ITS REPORT ON NATIONALSECURITYNaresh Chandra Committee, a 14-member task force on national security, submitted its reportto the government on 8 August 2012. The committee was set up by the Union government on21 June 2012 to suggest ways to revamp of defence management in the country.Naresh Chandra, a former bureaucrat, headed the committee which members included formermilitary officers, intelligence chiefs, diplomats and strategic analysts. Air Chief Marshal (retired)S. Krishnaswamy, General (retired) VR Raghavan, the former Department of Atomic Energychief Anil Kakodkar, Admiral (retired) Arun Prakash, the former R&AW head KC Verma, theformer Union Home Secretary V.K. Duggal, G Parthasarathy, former diplomat, and seniorjournalist Manoj Joshi were the other members in the committee.The main objective behind the constitution of the committee was to contemporarise the KargilReview Committee’s recommendations, which was tabled in the Parliament on 23 February2000. Besides, the task force was also asked to examine the state of countrys bordermanagement and restructuring system.KARGIL REVIEW COMMITTEEThe Kargil Review Committee (KRC), headed by the late K. Subrahmanyam, had submitted itsreport a decade back. The recommendations made by the committee had paved the way forthe setting up of a Group of Ministers which had suggested massive reforms in the countryssecurity management system. The KRC is considered to be the first major attempt at revampingthe countrys security after Independence.SYED NASIM AHMED ZAIDI APPOINTED NEW ELECTION COMMISSIONERwww.jagranjosh.com Current Affairs PDF August 2012 Page 99
  • 100. Current Affairs PDF August 2012 Page 100Syed Nasim Ahmad Zaidi, a 1976 batch IAS officer of UP cadre, was appointed as an ElectionCommissioner on 7 August 2012. His appointment was approved by President PranabMukherjee. Zaidi had retired as Civil Aviation Secretary on 31 July 2012.Zaidi was appointed to fill the vacancy which was created by the retirement of former ChiefElection Commissioner S Y Quraishi and the elevation of V S Sampath as Chief ElectionCommissioner. H S Brahma is the other Election Commissioner.In a long and illustrious career as a bureaucrat, Syed Nasim Ahmed Zaidi has served various keypositions including Director General of Civil Aviation (DGCA), Permanent Representative of Indiato the Council of International Civil Aviation Organization (ICAO) from and Chairman in AirportAuthority of India.ELECTION COMMISSION OF INDIAArticle 324 of the Indian constitution provides for the institution of Election Commission ofIndia. The commission was set up on 25 January 1950 as a one member body but the numberwas later expanded to 3 on 16 October 1989. However, the tenure of other two members in thebody was very short as they left the office on 1 January 1990. Subsequently, on 1 October 1993two additional Election Commissioners were appointed. The concept of multi-memberCommission has been in operation since then, with decision making power by majority vote.The three-member body is headed by the Chief Election Commissioner who is appointed by thePresident of India.FIRST MEETING OF THE INDIA-CELAC TROIKA FOREIGN MINISTERS WASHELD IN NEW DELHIThe first meeting of the India-CELAC (The Community of Latin American and Caribbean States)Troika foreign ministers was held in New Delhi on 7 August 2012. The CELAC Troika was led bythe Minister of Foreign Affairs of Chile Alfredo Moreno Charme, the pro-tempore President ofCELAC. The Foreign Minister of Venezuela Nicolas Maduro and the Vice Foreign Minister ofCuba, Rogelio Sierra participated in the meeting as members of the Troika. The Indiandelegation was led by the External Affairs Minister of India, SM Krishna. The meeting was heldwith the objective of strengthening India-CELAC relationship.INDIA SUCCESSFULLY TEST-FIRED MEDIUM RANGE BALLISTIC MISSILEAGNI – IIIndia on 9 August 2012 successfully test-fired domestically built surface-to-surface two stageAgni-II ballistic missile. The missile was launched from a test range at Wheeler Island off Odishacoast. The nuclear capable missile with a strike range of 2000 km was first test fired on 11 April1999. The missile was inducted in the Army on 17 May 2010.www.jagranjosh.com Current Affairs PDF August 2012 Page 100
  • 101. Current Affairs PDF August 2012 Page 101The missile was launched by the strategic force command of Indian Army as a routine users’trial. The objective of the launch was to train the user team to launch the missile. Agni-II is 20metres long and capable of carrying a nuclear warhead weighing one ton.Agni-II was developed under the joint work of advanced systems laboratory, the missiledevelopment laboratory of the DRDO, Defence Research Development Laboratory andResearch Centre Imarat, while it was integrated by Bharat Dynamics Limited, Hyderabad.The Agni-II missile belongs to the genre of medium range ballistic missiles developed by Indiaunder the Integrated Guided Missile Development Program. The missile was made operationalby the Indian Army in March 2010.TYPHOON HAIKUI SLAMMED INTO THE EAST COAST OF CHINAHaikui-The Typhoon which hit China on 8 August 2012.Typhoon Haikui slammed into the east coast of China on 8 August 2012. This is the thirdtyphoon to hit Chinas east coast in less than a week. The other two typhoons which hit Chinawere Damrey and Saola.A severe typhoon is considered to have maximum sustained wind speed of between 150 and184 kilometers per hour (93 and 114 mph). A typhoon has maximum sustained winds ofbetween 118 and 149 kilometers per hour (73 and 93 mph).THE RE-DESIGNED WEBSITE OF THE PRESIDENT OF INDIA WASLAUNCHEDThe re-designed website of the President of India was launched at Rashtrapati Bhavan on 3August 2012. While the historical perspectives from the earlier websites have been retained,the re-designed website has some new features, which include direct connectivity from thewebsite to social networking media of the President i.e. Facebook and You-Tube. These twofeatures have been initiated after assumption of charge by the President Pranab Mukherjee.The new website also has a Video Gallery.Citizens can connect to the President directly by clicking the button Write to the President,which will take them directly to the helpline portal. Moreover, visuals have beenconceptualized and made user friendly.Launching the website would be a step forward to bring the President of India closer to thepeople.SCIENTIST IDENTIFIED A NEW OXIDANT IN THE ATMOSPHEREScientists for the first time found evidence of another oxidant named X, which plays animportant role in the formation of gaseous sulphuric acid in the atmosphere. Until now therewww.jagranjosh.com Current Affairs PDF August 2012 Page 101
  • 102. Current Affairs PDF August 2012 Page 102was a misconception that the combination of OH(hydroxyl radical) oxidant with sulphur dioxidewas the reason behind the formation of gaseous sulphuric acid is formed in the atmosphere.The results are published on 9 August 2012 in Nature. The new oxidant is capable of oxidizingsuphur dioxide. Experiments done by Scientists showed that the concentration of ‘X’ also doesnot remain constant during the day.RAGHURAM RAJAN APPOINTED THE NEW CHIEF ECONOMIC ADVISOR INTHE FINANCE MINISTRYRaghuram Rajan, former chief economist of International Monetary Fund (IMF) was appointedas the Chief Economic Advisor in the Finance Ministry. The Appointments Committee of Cabinetcleared the appointment of Rajan as the new CEA on 10 August 2012. The position was lyingvacant since Kaushik Basu demitted the office on 31 July 2012.Raghuram Rajan has already been serving as the ‘Honorary Economic Advisor to the PrimeMinister’, the position he was given in November 2008. He also headed High Level Committeeon Financial Sector Reforms in 2007.Born on 3 February 1963 in Bhopal, Madhya Pradesh, Rajan obtained his bachelors degree inElectrical Engineering from the Indian Institute of Technology, Delhi. Later, he studied at theIndian Institute of Management, Ahmedabad followed by a PhD in Economics from theMassachusetts Institute of Technology (MIT) in 1991 with a thesis entitled "Essays on Banking."A Professor of Finance at the Booth School of Business of University of Chicago, Rajan alsoserved as the "Economic Counselor and Director of Research" (Chief Economist) at theInternational Monetary Fund from September 2003 until January 2007.PAK GOVERNMENT HONOURED SAADAT HASAN MANTO WITH THENISAN-I-IMTIAZAcclaimed Pakistani writer Saadat Hasan Manto on 14 August 2012 was honoured with theNisan-i-Imtiaz, Pakistans highest civilian award. Manto is best known for his Urdu short stories,especially those that explored the impact of the partition of the subcontinent into India andPakistan in 1947. Toba Tek Singh, Bu (Odour), Khol Do (Open It) and Thanda Gosht (Cold Meat)were written by him.Saadat Hasan Manto worked for the Urdu Service of All India Radio in 1941 for several months.Manto ended a career as a scriptwriter in Mumbai to move to Pakistan in 1948. He died at theage of 42 in 1955. His frank style angered conservatives in Pakistan and he faced trial threetimes on charges of obscenity.Besides Manto, renowned singer Mehdi Hassan, Lt.Gen (retired) Khalid Kidwai and MunirAhmed Khan were honoured with civilian awards for their contributions in fields like arts andwww.jagranjosh.com Current Affairs PDF August 2012 Page 102
  • 103. Current Affairs PDF August 2012 Page 103literature, nuclear science, education and sports, healthcare and public service. The awards willbe given away at a ceremony to be held on Pakistan Day on 23 March 2013.SCIENTISTS FOUND A STEM CELL THERAPY TO PREVENTOSTEOARTHRITISScientists in the second week of August 2012 found a stem cell therapy to preventosteoarthritis after a joint injury. Scientists used MSCs (mesenchymal) stem cells in mice withfractures that typically result into developing arthritis.This scientific finding could result into a therapy that will be used after joint injury.Osteoarthritis means painful and stiff joints.THE BELGIAN DEPUTY PRIME MINISTER DIDIER REYNDERS VISITEDINDIAThe Belgian Deputy Prime Minister and minister of Foreign Affairs, Foreign Trade and EuropeanAffairs Didier Reynders visited India from 1-5 August and 8-12 August 2012. During his visit, hediscussed bilateral, regional and international issues of mutual interest.Besides that, A MoU was signed between Ministry of Railways, Government of India and theMinistry of Mobility of Kingdom of Belgium on 2 August 2012.THE FIJI GOVERNMENT GAVE METHODIST CHURCH PERMISSION TOHELD ITS ANNUAL MEETINGThe Military led Government in Fiji on 14 August 2012 gave the influential Methodist Churchpermission to hold its annual meeting for the first time in four years although any discussion ofpolitics has been banned. The government is slowly easing its grip on the country.The church has been critical of the army which overthrew an elected government in 2006. Apromise to restore democracy has prompted Australia and New Zealand to re-establishdiplomatic ties with Fiji.TIME, CNN SUSPENDED FAREED ZAKARIA FOR PLAGIARISMNoted Indian-American journalist Fareed Zakaria was suspended by Time Magazine and CNN astheir columnist and show host after he confessed the charges of plagiarism. Zakaria wasaccused of copying sections of his column THE CASE FOR GUN CONTROL in the 20 August 2012issue of Time.Some passages written by Zakaria in his column on gun control found stark similarity to thosewritten by historian Jill Lepore on the same issue, which appeared in the 23 April 2012 issue ofThe New Yorker. The similarities in the texts were spotted by the conservative Web sitewww.jagranjosh.com Current Affairs PDF August 2012 Page 103
  • 104. Current Affairs PDF August 2012 Page 104NewsBusters, and quickly spread across the Internet after appearing on the media blogJimRomenesko.com.Born on 20 January 1964 in Mumbai, Maharashtra, Fareed Zakaria obtained his Bachelorsdegree in Arts from Yale University. Later he received Doctorate in Political Science fromHarvard University in 1993. In a career spanning more than two decades in journalism, Zakariaworked with numerous global media organizations such as News Week, Time, CNN.PAKISTAN GOVERNMENT HONOURED GOPI CHAND NARANG WITHSITARA-I-IMTIAZPakistan government on 14 August 2012 honoured Urdu author, Gopi Chand Narang withsitara-i-Imtiaz, the third highest civilian honour given by the nation. In the past, former PrimeMinister Morarji Desai and matinee idol Dilip Kumar were bestowed Pakistans highest civilianhonour, Nishan-i-Imtiaz. The award will be given to Gopi Chand Narang in Pakistan on 23March, 2013, Pakistans Republic Day.Gopi Chand Narang was born on 11 February, 1931, in Dukki, Pakistan. He is an Indian scholarof Urdu language and literature, an eminent Urdu writer, scholar, critic and linguist. He isauthor of many books in Urdu, Hindi and English.PRIME MINISTER SHRAM AWARDS FOR YEAR 2011 ANNOUNCEDUnion Ministry of Labour and Employment announced the Prime Minister Shram Awards foryear 2011 on 15 August 2012.This year, no nomination was found suitable for the presitigious Shram Ratna Award. Sixnominations for the Shram Bhushan Award, Thirty Three nominations for Shram Vir/ShramVeerangana and twenty nine nominations for Shram Shree/Shram Devi Awards have beenselected.Even though, the total number of Shram Awards is 33, the number of workers receiving theAwards is 68 (Including six women), as some of the Awards have been shared by workersand/or teams of workers consisting of more than one worker. These include 52 workers fromthe public sector and 16 workers from the private sector.Shram Bhushan awards carry a cash prize of 1 lakh rupees and a Sanad. ShramVeer/Veerangana awards carry a cash prize of 60000 rupees and a Sanad. Shram Shree/DeviAwards comprise of a cash prize of 40000 rupees and a Sanad.Shram Awards were set up by the Government of India in 1985 to recognize the outstandingcontributions of workers in different fields.ROGELIO SIERRA DIAZ, VICE MINISTER OF FOREIGN AFFAIRS OF CUBAVISITED INDIAwww.jagranjosh.com Current Affairs PDF August 2012 Page 104
  • 105. Current Affairs PDF August 2012 Page 105Rogelio Sierra Diaz, vice foreign minister of Cuba visited India on 7 August 2012 to participate inthe First India-CELAC foreign ministers Troika meeting in New Delhi. On the sidelines of themeeting, he met SM Krishna, Minister of External Affairs of India. During this meeting, bothnations discussed ways to improve bilateral relations encompassing the areas dealing withpolitical, commercial and economic; energy; sports; science and technology; education andculture. India and Cuba agreed on the need for the reform of the United Nations Organisation.The Indian side appreciated Cuba’s expression of support to India’s candidature for permanentmembership of the United Nations Security Council.NOTED INDIAN CINEMATOGRAPHER ASHOK MEHTA PASSED AWAYVeteran Cinematographer Ashok Mehta passed away in Mumbai on 15 August 2012. He was 65.Mehta was suffering from lung cancer and was getting treatment at Kokilaben DhirubhaiAmbani Hospital in Mumbai.During his long career in Bollywood Mehta worked with prominent filmmakers like SubhashGhai, Rajiv Rai and MF Husain. He was the director of photography in films like 36 ChowringheeLane, Utsav, Trikal, Khalnayak, Bandit Queen, Chalte Chalte, Gajgamini, Trimurti, Khalnayak,Moksha and Ram Lakhan.WIKILEAKS FOUNDER JULIAN ASSANGE WOULD BE GRANTED POLITICALASYLUM BY ECUADORThe foreign ministry of Ecuador announced that Ecuador would be granting Wikileaks co-founder Julian Assange a political asylum on 16 August 2012.Assange shot to fame in the year 2010 after he leaked a number of US diplomatic cables andvideos regarding the war in Iraq and Afghanistan through Wikileaks. Following the incident, USAand other countries whose secrets were divulged jumped into considerable action. Assange andhis team argue that the alleged sex crimes allegations and these accusations are untrue andfalsely built up.He is best known as the editor-in-chief and co-founder of WikiLeaks, a media website which haspublished information from whistleblowers.LAKHDAR BRAHIMI WAS APPOINTED THE NEW UN ARAB LEAGUE ENVOYFOR SYRIAAlgerian diplomat Lakhdar Brahimi was appointed the new UN-Arab League envoy for Syria on17 August 2012. He will succeed Kofi Annan, who resigned earlier this month after his six-pointpeace plan failed to achieve a meaningful cease-fire. Lakhdar Brahimi will be known as the JointSpecial Representative for Syria.www.jagranjosh.com Current Affairs PDF August 2012 Page 105
  • 106. Current Affairs PDF August 2012 Page 106The 78-year-old Algerian diplomat has served as a U.N. special envoy in Iraq after the U.S.invasion; in Afghanistan, before and after the end of Taliban rule; and in South Africa after theapartheid era. He also brokered an end to the Lebanese civil war as a senior Arab League officialbetween 1984-91. He went on to serve as Algerian foreign minister between 1991-3.Meles Zenavi, the Ethiopian Prime Minister, passed away on 20 August 2012 followingprolonged illness. He was 57. Deputy Prime Minister Hailemariam Desalegn, who is alsoEthiopias foreign minister, will assume the charge as the acting Prime Minister of the country.Born into a middle-class family in Adawa, Tigray, in Ethiopias northern highlands, Meles Zenavijoined the politics when he was still studying in the university. He later dropped out ofuniversity to take full participation in the insurrection against the Syrian military regime.In 1991 when Mengistu Haile Mariam led Military Council was finally thrown out of power,Meles assumed the charge as the president in a transitional government. Later in 1995 he tookover as the prime minister of the country. He went on to lead the African country for nearly 20years and influenced the Ethiopian public life until his death.PJ KURIEN ELECTED THE DEPUTY CHAIRMAN OF RAJYA SABHACongress leader PJ Kurien was unanimously elected the Deputy Chairman of Rajya Sabha. PrimeMinister Manmohan Singh moved the motion for the election of Kurien.Kurien has been the member of national parliament for the last three decades representingIdukki, and Mavelikkara Lok Sabha constituencies. Since 2005 he is a member of the RajyaSabha.The Deputy Chairman is elected in the meeting of the Rajya Sabha as decided by Chairman ofthe Rajya Sabha from amongst the members of the Rajya Sabha. He is supposed to resign fromhis original party because as a Deputy Speaker, he has to remain impartial.Deputy Chaiman of Rajya Sabha acts as the Presiding Officer in case of leave or absence of theChairman of Rajya Sabha, the Vice-President of India.MAHARASHTRA RECORDED THE MAXIMUM NUMBER OF DEATHS DUETO SAES DURING DRUG TRIALSAccording to data disclosed by the Drug Controller-General of India, during the period (January2008- January 2012), India recorded 2061 drug trial-related deaths. Maharashtra recorded themaximum number of 268 deaths due to SAEs (Serious Adverse Events) during drug trials whileMadhya Pradesh recorded the least number of such deaths.It is followed by Andhra Pradesh-153, Delhi/National Capital Region -97, Gujarat -87 andKarnataka -78. The number of deaths in Maharashtra was over 10 times that of MadhyaPradesh.www.jagranjosh.com Current Affairs PDF August 2012 Page 106
  • 107. Current Affairs PDF August 2012 Page 107VAYALAR RAVI ASSUMED CHARGE AS UNION MINISTER FOR SCIENCEAND TECHNOLOGYVayalar Ravi assumed charge as the Union Minister for Science and Technology on 21 August2012. He was allocated the charge by the Prime Minister Manmohan Singh after VilasraoDeshmukh, who was holding the portfolio passed away on 14 August 2012.In three years of UPA – II, Vayalar Ravi is the fifth Science and Technology minister. Earlier,Vilasrao Deshmukh, Pawan Kumar Bansal, Kapil Sibal and Prithviraj Chavan had been in thecharge of the Ministry.Vayalar Ravi is also holding the portfolio of Union Ministry of Overseas Affairs, the charge heassumed in January 2006. Besides he also holds the charge of Ministry of Earth Sciences andMinistry of Micro, Small and Medium Enterprises.POONAM KISHORE SAXENA APPOINTED AS CHAIRMAN OF CENTRALBOARD OF DIRECT TAXESThe Union Finanace Ministry appointed Poonam Kishore Saxena, a 1975 batch IRS officer, asChairman of Central Board of Direct Taxes (CBDT) on 21 August 2012. She was holding theadditional charge of the post after incumbent chairman Laxman Das retired July 2012.Prior to her appointment as CBDT Chairman, Saxena worked as Director General (Investigation)in Jaipur for three years. In her more than three and a half decade long career in IRS, Saxenahas worked in various areas like Administration of Income Tax, Appeals and Recovery.Central Board of Direct Taxes (CBDT)CBDT is responsible for administration of direct tax laws through the Income Tax Departmentand also provides essential inputs for policy and planning of direct taxes.FIRST TYPE OF TEA PREPARED 1000 YEARS AGO BY NATIVE AMERICANSScientists claimed that the first cup of primitive form of tea was brewed by native Americanssome thousand years ago. Inhabitants of Cahokia, a massive pre-Columbus settlement near themeeting point of Missouri and Mississippi rivers in Illinois, consumed a Black Drink fromceramic beakers.The beverage, made from toasted holly leaves and stems, was six times more potent thancoffee. It could have been created for special ceremonies and is the first known evidence of atea-like drink in what is now the US. Cahokia was a city with as many as 100,000 residents in itsheyday - the largest prehistoric North American settlement north of Mexico.The pre-Columbian settlement at Cahokia was the largest city in North America north ofMexico, with as many as 50000 people living there at its peak. Europeans were the first torecord the use of what they called the black drink by Native American men in the southeast.www.jagranjosh.com Current Affairs PDF August 2012 Page 107
  • 108. Current Affairs PDF August 2012 Page 108CHARLES L BENNETT RECEIVED THE GRUBER COSMOLOGY PRIZE 2012Charles L Bennett, a professor of physics and astronomy at Johns Hopkins University, US, wasawarded with the Gruber Cosmology Prize 2012 in Beijing at the opening ceremony of the 28thConference of the International Astronomical Union on 22 August 2012. The 500000 dollaraward was given to him acknowledging his immense contribution to the world of physics.Bennett, a prominent physicist, led a 26-member team that worked on NASAs WilkinsonMicrowave Anisotropy Probe. The findings of the study helped astronomers refine theirunderstanding of the age, shape and makeup of the universe. The Gruber Prize is the second forBennett, who also was a member of a NASA team that won the prize in 2006. As the member ofthe COBE Team he conducted a ground-breaking studies confirming that our universe was bornin a hot Big Bang.SIX TOP SPORTING COACHES TO RECEIVE DRONACHARYA AWARD FOR2012The names of six sporting coaches were recommended for the Dronacharya Awards for the year2012. Wrestling coach Yashvir Singh, Boxing Coach BI Fernandez, Athletics Coach VirenderPoonia, Kabaddi Coach Sunil Davas, Parathletics Coach Dr. Satyapaul and Hockey CoachHarinder Singh are the six coaches who have been selected for the coveted award, given to thecoach of different sports, for their excellent contribution to the sports.Boxing Coach BI Fernandez, who is a Cuban national, became the first foreign coach to berecommended for the Dronacharya Award. Fernandez has been instrumental in India’simpressive performances in Boxing in the international tournaments.The Dronacharya Awards committee was headed by former Indian hockey captain Aslam SherKhan. The other members include Rajkumar Sangwan (boxing), Dhanraj Pillai (hockey), ShinyWilson (athletics), Morad Ali Khan (shooting), Karnam Malleswari (weightlifting), Bahadur Singh(athletics), Bhupender Dhawan (powerlifting,G S Sandhu (boxing), Ramphan Mann (wrestling,Prem Chand Degra (body building).Dronacharya AwardThe Dronacharya Award was instituted by the government of India in 1985. The award has beengiven to 72 people until 2011. The award carries five lakh rupees and a citation and is conferredto coaches of different sports for their noteworthy contribution. The awards will be presentedby President Pranab Mukherjee at Rashtrapati Bhawan on 29 August 2012, the National SportsDay.THE CASTLE NAGGAR IN HIMACHAL PRADESH WAS GIVEN HERITAGESTATUSwww.jagranjosh.com Current Affairs PDF August 2012 Page 108
  • 109. Current Affairs PDF August 2012 Page 109The Castle Naggar, Himachal Pradesh Tourism Development Corporations prime hotel in thepicturesque Kullu valley, was notified under the heritage status by the Union Tourism ministryon 23 August 2012. Naggar was the capital of the erstwhile Kullu state for about 1460 years.The castle was built by Raja Sidhi Singh in the 16th century. The castle has traditionalarchitecture called Kathloonmi, which uses a combination of stones and wooden beams. Thecastle was handed over to state-owned HPTDC in 1978 to be run as a hotel.SONIA GANDHI RANKED SIXTH IN THE FORBES’ LIST OF 100 MOSTPOWERFUL WOMEN IN THE WORLDSonia Gandhi ranked number six in the Forbes magazine’s list of the world’s 100 most powerfulwomen. Sonia Gandhi, the chairperson of the ruling United Progressive Alliance and theCongress party is among the five Indian women who have been named in the world’s 100 mostpowerful women list. The other four Indian women in the list are Indira Nooyi (12), PadmashreeWarrior (58), Chanda Kochar (59) and Kiran Mazzomdar Shaw (80). Gandhi was figured on 7thposition in the list of powerful women in 2011.German Chancellor Angella Markel topped the list for a second successive year. She wasfollowed by US Secretary of State Hillary Clinton and Brazilian President Dilma Rousseff, whohave been ranked number two and three respectively for second year in a row. Melinda Gates,co-chair of the Bill & Melinda Gates Foundation and wife of Microsoft Corp co-founder BillGates, and Jill Abramson, executive editor of the New York Times was ranked fourth and fifthrespectively.Michelle Obama, wife of the US President Barak Obama and IMF director Christine Lagarderanked seventh and eighth respectively in the list. The magazine’s list included women whohave been working in the areas such as policymaking, business, entertainment, technology andnonprofit organizations.NASA’S CURIOSITY ROVER TOOK ITS FIRST DRIVE ON THE SURFACE OFMARSNASA’s Curiosity rover took its first drive on the surface of Mars on 23 August 2012. The roverin its first drive moved around six metres from its original landing site. After more tests on itssystems, NASA intends to move the Curiosity rover some 400 metres to the southeast tocontinue its exploration of the red planet.NASA also released images of the tracks left by the rover, to show the success of the mission.The space agency also announced that the original landing site of the Curiosity rover would benamed after the late science fiction author Ray Bradbury who died on 5 June 2012. The site willbe known as the Bradbury Landing.Curiosity was launched from Cape Canaveral on 26 November 2011 aboard the MSL spacecraftand successfully landed on Aeolis Palus in Gale Crater on Mars on 6 August 2012. The roverswww.jagranjosh.com Current Affairs PDF August 2012 Page 109
  • 110. Current Affairs PDF August 2012 Page 110goals include investigation of the climate and geology on the red planet. The rover would alsoexplore if the Mars was ever hospitable to life. Besides it will also investigate the role of waterand planetary habitability, and preparing for human exploration.TWITTER BANNED SIX ACCOUNTS SIMILAR IN APPEARANCE TO PMOACCOUNTSocial media site Twitter on 23 August 2012 banned six accounts similar in appearance to thePrime Ministers Office account. The move by twitter came after the Department of InformationTechnology served an ultimatum to the social media site for failing to block the offending andinflammatory web pages. Government has already ordered blocking of 310 webpages wheremorphed and inflammatory contents were uploaded with the aim to incite disturbance in thecountry.Earlier, the government issued guidelines for its departments using social media networksasking them not to post confidential information and unverified facts.In the meantime, after checking the use of SMSes to prevent spreading of rumours which hadled to mass exodus of north eastern people from certain states, the government has increasedthe number of SMSes to 20 per day with immediate effect. The other conditions will remain thesame.INDIAN AMERICAN KARL MEHTA WAS SELECTED TO WORK ON FIVEHIGH-IMPACT PROJECTSIndian-American entrepreneur Karl Mehta was selected among the 18 PRESIDENTIALINNOVATION FELLOWS who would work on five HIGH-IMPACT projects in the US capitalWashington DC.Selected from an applicant pool of nearly 700 innovators from across the country, the FELLOWSwould spend six months in Washington DC to work on five high-impact projects aimed atsupporting entrepreneurs, small businesses and the economy, while significantly improvinghow the Federal Government serves the American people.SPECIES OF RAT THAT DOESN’T CHEW DISCOVERED IN INDONESIAA unique species of rat that doesn’t chew was discovered in Indonesia. The animal with a long,pointed snout is the only rodent out of more than 2200 known species that does not havemolars and instead has bicuspid upper incisors.Rats were found in the mountainous rainforest of southern Sulawesi Island on MountLatimojong and 100 km northwest on Mount Gandangdewata. They lives off earthworms.www.jagranjosh.com Current Affairs PDF August 2012 Page 110
  • 111. Current Affairs PDF August 2012 Page 111AIR FORCE VERSION OF PILOT-LESS TARGET AIRCRAFT LAKSHYA-1 WASSUCCESSFULLY TEST-FLOWNThe Air Force version of micro-light pilot-less target aircraft Lakshya-1 was successfully test-flown from the launch complex-2 of the Integrated Test Range (ITR) at Chandipur, Orissa on 23August 2012. The test was carried out with an objective to test the validity of its engine andduration enhancement. Lakshya has been inducted into the Indian Air Force since 2000.The aircraft is remote-controlled from the ground and designed to provide training to bothairborne and air defence pilots. Lakshya-1, fitted with an advanced digitally controlled engineand is a sub-sonic, re-usable aerial target system. It is launched by a solid propellant rocketmotor, and sustained by a turbojet engine in flight. The flight duration of the six-foot-longaircraft is 30 to 35 minutes.The PTA developed by India’s aeronautic development establishment, Bangalore has beendesigned to perform discreet aerial reconnaissance of battlefield as well as target acquisition.SENKAKU ISLANDS BECAME THE BONE OF CONTENTION BETWEENCHINA AND JAPANSenkaku Islands: Ten Japanese on 23 August 2012, made an unauthorized landing on Uotsuri,which is known in Japan as the Senkaku Islands and in China as the Diaoyu Islands. Theuninhabited islands surrounded by rich fishing grounds are controlled by Japan but also claimedby China and Taiwan.The Senkaku Islands dispute engulfs in itself a territorial dispute on a group of uninhabitedislands. Of the ten Japanese people who visited the island, five were apparently conservativelocal assembly members.The Senkaku Islands are located in the East China Sea between Japan, and the Republic ofChina. The archipelago contains five uninhabited islands.VETERAN ACTOR AK HANGAL PASSED AWAY IN MUMBAIVeteran actor Avatar Krishan Hangal, popularly called AK Hangal, passed away in Mumbai on 26August 2012 after prolonged illness. He was 97. In a career spanning nearly 40 years Hangalworked in around 225 films. A devoted artist, he also worked in numerous theatre plays and TVSeries.Born in Sialkot, now in Pakistan, on 1 February 1917, AK Hangal actively participated in theIndian freedom struggle from 1929-1947. An ardent communist, he was also jailed for twoyears from 1947-1949 due to his leftist leanings. Hangal was long associated with IPTA, wherehe worked alongside Balraj Sahani and Kaifi Ajami.www.jagranjosh.com Current Affairs PDF August 2012 Page 111
  • 112. Current Affairs PDF August 2012 Page 112AK Hangal made his debut in the Hindi cinema at the age of 50 with Basu Bhattacharyas TeesriKasam in 1966 and Shagird. Some of his memorable works came in the movies like NamakHaraam, Shaukeen , Sholay, Aaina, Avtaar, Arjun, Aandhi, Tapasya, Kora Kagaz, Bawarchi,Chhupa Rustam, Chitchor, Balika Badhu, Guddi, Naram Garam.Considering his immense contribution to the Indian film industry the government of Indiaawarded him with the Padma Bhushan in 2006.US ASTRONAUT NEIL ALDEN ARMSTRONG PASSED AWAYNeil Alden Armstrong, the US Astronaut, who got his name written in the history of mankindafter he became the first person on the Earth to walk on the surface of moon, passed away on25 August 2012. He was 82.At the age of 38, Armstrong, as the commander of the Apollo 11 mission, became the firsthuman to land on the moon on 20 July 1969. Right after he stepped on the surface of moon,Armstrong uttered that famous sentence "Thats one small step for man, one giant leap formankind."Born on 5 August 1930 in Wapakoneto, Ohio, US, Neil Armstrong was an American astronaut,test pilot, aerospace engineer, university professor and United States Naval Aviator. The Apollo11 mission was his last mission to space. Armstrong was awarded the Presidential Medal ofFreedom by President Richard Nixon along with Collins and Aldrin, the Congressional SpaceMedal of Honor by President Jimmy Carter in 1978, and the Congressional Gold Medal in 2009.Apollo 11 MissionApollo 11 was the space flight which landed Neil Armstrong and Buzz Aldrin, two humans forthe first time on the surface on moon. The landing of Apollo 11, also called mission insignia, onthe lunar surface marked America’s triumph in the Cold War space race that began on 4October 1957, with the launch of the Soviet Union’s Sputnik 1, a satellite that sent shock wavesaround the world.DELHI GOVERNMENT PRESENTED LIFETIME ACHIEVEMENT AWARDSCelebrated Sarod exponent Amjad Ali Khan, vocalist Girija Devi and famous writer Ruskin Bondwere conferred the Delhi governments Lifetime Achievement Awards on 24 August 2012. DelhiChief Minister Sheila Dikshit presented the award acknowledging the outstanding contributionof the awardees to their respective fields at the national and international level. The award wasconsisted of a cash prize of 11 lakh rupees and a citation.The award was instituted by the Delhi governments Sahitya Kala Parishad in 2004 to felicitateon eminent personalities for their outstanding contributions to the fields of music, dance,theatre, visual arts, sports and literature.www.jagranjosh.com Current Affairs PDF August 2012 Page 112
  • 113. Current Affairs PDF August 2012 Page 113Bhimsen Joshi, MS Subbulakshmi, Zohra Sehgal, Kapila Vatsayan, Rahim Fahimuddin Dagar,Ebrahim Alkazi, , Habib Tanvir, Vishwanathan Anand and Ram Kumar are some of the notedrecipients of the award.THE CII HELD THE ELEVENTH ENERGY EFFICIENCY SUMMIT INHYDERABADThe Confederation of Indian Industry (CII) held the eleventh Energy Efficient Sumit in HICC,Novotel Hyderabad. The summit was held between 22 August 2012 and 25 August 2012.The objective of the summit was to facilitate the Indian industry to improve energy efficiencyon a continuous basis and help them in achieving the target set as part of Perform Achieve andTrade under the National Mission on Enhanced Energy Efficiency. Also, to create a platform for all the energy efficient technology suppliers and equipmentmanufacturer who could interact with industry and support them in achieving the target forenergy efficiency improvement. The other objective was also to disseminate information on thelatest trends and energy efficient technologies and facilitate sharing of best practices amongstthe Industries.The conference involved the following four parallel conferences.  EnCon in Electrical systems  EnCon in Thermal systems  Compressors & Compressed air system  Energy efficiency in buildingsAlso while the summit was going on, The Swedish Energy Agency, CII and the CleantechScandinavia entered into a memorandum of understanding (MoU) of understanding forcooperation in the energy sector.PM NAIR APPOINTED THE DIRECTOR GENERAL OF NATIONAL DISASTERRESPONSE FORCE & CIVIL DEFENCEThe Ministry of Home Affairs on 27 August 2012 appointed P M Nair as the Director General,National Disaster Response Force & Civil Defence (NDRF & CD). The appointment will beeffective from the date of his taking over the charge of the post and until his superannuation on31 May 2013 or until further orders, whichever is earlier.A 1978-batch Indian Police Service Officer of Bihar cadre, Nair is presently working as SpecialDirector General, Central Reserve Police Force.THE NCR PLANNING BOARD APPROVED THE CONTROVERSIAL GREATERNOIDA MASTER PLAN 2021www.jagranjosh.com Current Affairs PDF August 2012 Page 113
  • 114. Current Affairs PDF August 2012 Page 114The NCR (National Capital Region) Planning Board on 24 August 2012 approved thecontroversial Greater Noida Master Plan 2021. This will allow builders to restart construction ofaround 2,00,000 apartments in various projects in the Noida Extension area of Greater Noida.NCR planning board comes under the ministry of urban development, Government of India. Theboard was constituted in 1985.THE BOOK CHALLENGED OFFICIAL STORY OF OSAMA BIN LADEN KILLINGThe book No Easy Day: The Firsthand Account of the Mission That Killed Osama bin Ladenwritten by a former Navy SEAL claimed that Osama bin Laden was shot in the head by a SEALbullet when he looked out of his bedroom door into the hallway and not killed inside the room.The book was written under the pseudonym Mark Owen.The US government after the raid in May, 2011 claimed that the SEALs shot Osama bin Ladenonly after they entered his bedroom.ARCHAEOLOGISTS DISCOVERED 2000-YEAR OLD SCULPTURE IN MEXICOMexican archaeologists in the first week of August 2012 discovered a 2000-year-old sculptureof a jaguar in Izapa. The one-tonne piece measures 1.38 meters long by 87 centimeters highand 52 centimeters wide. Izapa, is located about 12 km from the border with Guatemala. It wasan important civic religious center built 2500 years ago by a pre-Mayan culture. The sculpturesof Izapa were made with stones because there were no metals in that period.The jaguar sculpture seems to be only partially completed because the other faces of the stoneare blank. It indicated that it was possibly in the process of being carved when work was haltedon it.RAGHURAM RAJAN TOOK OVER AS THE CHIEF ECONOMIC ADVISOR OFIN UNION FINANCE MINISTRYRaghuram Rajan, former chief economist of International Monetary Fund (IMF) took over as theChief Economic Advisor in the Finance Ministry on 29 August 2012. The AppointmentsCommittee of Cabinet had cleared the appointment of Rajan as the new CEA on 10 August2012. The position was lying vacant since Kaushik Basu demitted the office on 31 July 2012.Raghuram Rajan has already been serving as the ‘Honorary Economic Advisor to the PrimeMinister’, the position he was given in November 2008. He also headed High Level Committeeon Financial Sector Reforms in 2007.Born on 3 February 1963 in Bhopal, Madhya Pradesh, Rajan obtained his bachelors degree inElectrical Engineering from the Indian Institute of Technology, Delhi. Later, he studied at theIndian Institute of Management, Ahmedabad followed by a PhD in Economics from theMassachusetts Institute of Technology (MIT) in 1991 with a thesis entitled "Essays on Banking."www.jagranjosh.com Current Affairs PDF August 2012 Page 114
  • 115. Current Affairs PDF August 2012 Page 115A Professor of Finance at the Booth School of Business of University of Chicago, Rajan alsoserved as the "Economic Counselor and Director of Research" (Chief Economist) at theInternational Monetary Fund from September 2003 until January 2007ORDNANCE FACTORY BOARD SIGNED A MOU FOR A JOINT VENTUREWITH ROSOBORONEXPORT, RUSSIAOrdnance Factory Board on 27 August 2012 signed a Memorandum of Understanding for a JointVenture with M/s Rosoboronexport, Russia and M/s Splav “SPA”, Russia to manufacture fiveversions of Smerch Rockets based on the technology received from Russia. The MoU was signedin New Delhi. The Smerch Rockets are technologically superior having a range of 70-80- kms.With formation of this Joint Venture, the Indo-Russian Friendship will be strengthened.After indigenizing the technology of Smerch Rockets, OFB will attain new heights inmanufacturing of advanced Rocket.ADITI MUKHERJEE WON THE PRESTIGIOUS NORMAN BORLAUG AWARDAditi Mukherjee, a Delhi based scientist, won the prestigious Norman Borlaug Award in FieldResearch and Application. Mukherjee was picked for the award for her work in transformingaccess to water for thousands of farmers in West Bengal. The award will be formally presentedto Mukherji on 17 October 2012 in Des Moines, Iowa, US.Mukherji, 37, is a senior researcher at the Delhi office of the International Water ManagementInstitute (IWMI). As alumnus of Presidency College (Kolkata), JNU (Delhi), she completed herPhD at the University of Cambridge.The international award is conferred by the World Food Prize Foundation, which was started byNorman Borlogue, the father of Green Revolution in India. The award carries 10000 dollar cashprize. The Borlaug Award is restricted to scientists under 40.G ASHOK KUMAR TOOK OVER AS THE SOUTHERN NAVAL COMMANDCHIEFRear Admiral G Ashok Kumar assumed the charge as the Southern Naval Command Chief, Kochion 28 August 2012. Prior to this this, Kumar was serving as the Flag Officer at Sea Training,Kochi, where he was responsible for preparing all major warships for combat readiness. Aspecialist in navigation and direction, he commanded INS Kulish and INS Ranvir.G Ashok Kumar, who hails from Ponnani in Malappuram district in Kerala, joined the Navy in1982. In a career spanning 30 years, Kumar served various top-notch positions such as, thedefence adviser of India in Singapore, Chief Staff Officer (Operations) at the Western NavalCommand and head of Naval Training at the Defence Services Staff College in Wellington. Healso received the Vishisht Seva Medal for his extra ordinary service to the Indian Navy.www.jagranjosh.com Current Affairs PDF August 2012 Page 115
  • 116. Current Affairs PDF August 2012 Page 116CURRENT AFFAIRS QUIZZESECONOMY CURRENT AFFAIRS QUIZ 1. As per the latest global ranking compiled and published by the World Federation of Exchanges (WFE) in August 2012, which became the world’s largest bourse in terms of the number of trades in equity segment for the first six months of 2012? a) National Stock Exchange (NSE) b) Bombay Stock Exchange (BSE) c) MCX-SX d) Ahmadabad Stock Exchange Answer: (a) 2. The Union Cabinet on 4 August 2012 approved the reserve price for auction of 2G spectrum as well as spectrum usage charges (SUC). The Cabinet set what reserve price for the 5 megahertz pan-India spectrum in the 1800 megahertz band? a) 1400 crore rupees b) 14000 crore rupees c) 140 crore rupees d) 14 crore rupees Answer: (b) 3. The Reserve Bank of India (RBI) in a notification issued on 3 August 2012 stated that all registered non-banking financial companies (NBFCs) which who intend to convert themselves into non-banking financial company-micro finance institutions (NBFC-MFIs) would have to seek registration with immediate effect, not later than 31 October 2012. Which of the following statements are not true with respect to this? 1. The central bank also mentioned that the NBFCs have to maintain net-owned funds (NOF) at Rs 3 crore by 31 March 2013, and at Rs.5 crore by 31 March 31 2014 2. NBFCs operating in the north-eastern region are to maintain the minimum NOF at Rs.1 crore by 31 March 2012, and at Rs.2 crore by 31 March 2014 3. The rate of interest on individual loans may exceed 31 per cent, the maximum variance permitted for individual loans between the minimum and the maximum interest rate cannot exceed 4 per cent 4. The cap on margins as defined by the Malegam Committee are not to exceed 10 per cent for large MFIs (loans portfolios exceeding Rs.100 crore) and 12 per cent for others a) 1 & 4www.jagranjosh.com Current Affairs PDF August 2012 Page 116
  • 117. Current Affairs PDF August 2012 Page 117 b) 2 & 4 c) Only 3 d) Only 4 Answer: (c) 4. According to the latest data released by the Controller General of Accounts (CGA) on 1 August 2012, Indias fiscal deficit in the first quarter (April-June) of the fiscal year 2012- 13 stood at 1.90 lakh crore rupees. The amount is what per cent of the entire budget estimate? a) 31% b) 33% c) 35% d) 37% Answer: (d) 5. An Empowered Group of Ministers (EGoM) on drought, headed by agriculture minister Sharad Pawar in a meeting on 31 July 2012 took certain decisions to help farmers in the backdrop of the draught like situations prevailing in certain states. Which of the following is not a part of d decision taken by the EGoM? 1. The EGoM announced a 50 per cent diesel subsidy scheme for the farmers to help them save the standing kharif crop through irrigation 2. A relief package of Rs 1440 crore was also cleared towards watershed development-related efforts in Karnataka, Maharashtra, Gujarat and Rajasthan 3. The subsidy amount on seeds of cereals is to be increased from Rs 500 a quintal to Rs 800 per quintal, while that of pulses and oilseeds would be enhanced from Rs 1200 per quintal to Rs 2200 per quintal 4. Agriculture Ministry also decided to waive the duty on import of certain items to increase the availability of feed ingredients for animal husbandry sector needs. a) Only 3 b) Only 2 c) 1&2 d) Only 4 Answer: (a) 6. Foreign Tourist Arrivals (FTAs) in India during the Month of July 2012 stood at 5.25 lakh as compared to 5.14 lakh in July 2011 and 4.67 lakh in July 2010. The July figure translated into FTAs growth of what percent in July 2012 over July 2011? a) 2.1% b) 12.1%www.jagranjosh.com Current Affairs PDF August 2012 Page 117
  • 118. Current Affairs PDF August 2012 Page 118 c) 5.5% d) 1.33% Answer: (a) 7. With respect to the India’s industrial output figures released by the Central Statistics Office of the Ministry of Statistics and Programme Implementation on 9 August 2012, which of the following statements are not true? 1. India’s industrial output plunged to 1.8 per cent in June 2012 compared to 9.5 per cent growth registered during June 2011 2. For the first (April-June) quarter of 2012-13, the index of industrial production (IIP) declined 0.7 per cent against 6.9 per cent growth in the same quarter of fiscal 2011-12. 3. The capital goods category recorded a decline of 27.9 per cent in output in June 2012 4. Consumer durables witnessed a growth of 9.1 per cent. However, consumer non-durables declined 1 per cent in June 2012 a) 1&3 b) Only 3 c) Only 2 d) 3&4 Answer: (c) 8. According to the FDI data released by Reserve Bank of India (RBI) on 10 August 2012, Foreign Direct Investment (FDI) inflow in India declined to what amount in the April- June quarter of fiscal 2012-13? a) 5 billion dollar b) 5.4 billion dollar c) 6.4 billion dollar d) 7 billion dollar Answer: (b) 9. India’s annual headline inflation for the month of July 2012 eased to its three-year low to what percent in July 2012 from 7.25 percent in June 2012 and 9.63 percent in July 2011? a) 4.1% b) 3.3% c) 5.2% d) 6.87% Answer: (d)www.jagranjosh.com Current Affairs PDF August 2012 Page 118
  • 119. Current Affairs PDF August 2012 Page 119 10. India’s exports for the month of July 2012 stood at 22.4 billion dollar registering a decline of - 14.8 percent as compared to 26.3 billion dollar during the same month of 2011. Imports during July 2012 stood at 37.9 billion dollar as compared to 41.1 billion dollar in July 2011. What was the Balance of Trade figure for July 2012? a) 15.5 billion dollar b) 14.7 billion dollar c) 13.6 billion dollar d) 9.6 billion dollar Answer: (a) 11. According to the data provided by the Marine Products Export Development Authority (MPEDA) in August 2012, Indias marine exports are expected to grow by what per cent year-on-year to USD 4.5 billion in 2012-13 fiscal? a) 28% b) 17.2% c) 13% d) 23% Answer: (a) 12. In a move aimed at encouraging investment sentiment in the country, the Union Finance Ministry approved what per cent of foreign direct investment in insurance and pension sector in August 2012? a) 29% b) 49% c) 39% d) 19% Answer: (b) 13. Extending the guidelines of securitisation of loan from banks to non-banking finance companies (NBFC), India’s Central Bank Reserve Bank of India on 21 August 2012 tightened the securitisation norms for NBFCs. Which of the following facts are not true with regards to the statement? 1. RBI instructed that a non-banking finance company will have to retain at least 5 per cent of the loan being sold to another entity. 2. RBI in its revised guidelines also stipulated that NBFC cannot sell or securitise a loan unless five monthly installments have been paid by the borrower 3. The latest directives from the RBI are aimed at checking unhealthy practices and distributing risk to a wide spectrum of investors 4. These guidelines have to implemented by NBFCs in two phases by the end of October 2012.www.jagranjosh.com Current Affairs PDF August 2012 Page 119
  • 120. Current Affairs PDF August 2012 Page 120 a) 1&3 b) Only 1 c) Only 2 d) Only 4 Answer: (c) 14. As per the data revealed by the Union Aviation Ministry in the Parliament in August 2012, the loss incurred by Air India following its merger with Indian Airlines between 2007-08 and 2011-12 has been pegged at what amount? a) 21146 crore rupees b) 23535 crore rupees c) 32971 crore rupees d) 28046 crore rupees Answer: (d) 15. The high-level committee on external commercial borrowings (ECB),chaired by secretary, department of economic affairs Arvind Mayaram decided to further liberalise the foreign borrowing norms. Which of the following with respect to the liberalization norms are not true? 1. It was decided to permitted non-resident entities to provide rating enhancement facility to Indian borrower 2. The government permitted foreign entities to provide credit enhancement to rupee bonds of Indian companies. The minimum maturity period of such rupee bonds was reduced from seven years to three years. 3. The panel also decided to increase the maturity of such buyers credit to maximum seven years thereby allowing companies flexibility in payment 4. Infrastructure and manufacturing companies can re-finance a higher proportion of their rupee borrowings via cheaper overseas debt. These infrastructure and manufacturing companies can now tap overseas loans up to 75% of their average forex earnings a) Only 2 b) Only 1 c) Only 3 d) 2 & 3 Answer: (c) 16. SEBI, on 16 August 2012, has made it mandatory that all listed companies must have minimum ______ public shareholdings by June 2013. a) 25% b) 30% c) 20%www.jagranjosh.com Current Affairs PDF August 2012 Page 120
  • 121. Current Affairs PDF August 2012 Page 121 d) 10% Answer: (a) 17. On which date, the Union Cabinet approved the Commerce Ministry’s proposal to cut down the list of sensitive items under South Asian Free Trade Agreement (SAFTA) for Pakistan by 30 percent. a) 14 July 2012 b) 15 Feb 2012 c) 17 Aug 2012 d) 30 Apr 2012 Answer: (c) 18. According to the Economic Outlook 2012-13 released by Prime Minister Economic Advisory Council on 17 August 2012, India’s economy will grow at ____ in the financial year 2012-13. a) 6.7% b) 3.5% c) 4.9% d) 5.3% Answer: (a) 19. India’s annual headline inflation for the month of July 2012 eased to its three-year low of ____ in July 2012 from 7.25 percent in June 2012 and 9.63 percent in July 2011. a) 5.15% b) 3.24% c) 9.12% d) 6.87% Answer: (d) 20. According to the retail inflation data released by Central Statistics Office (CSO), on 21 August 2012, India’s Consumer Price Index (CPI) based retail inflation came down to _________ in July 2012. a) 9.86% b) 2.34% c) 7.33% d) 14.88% Answer: (a)www.jagranjosh.com Current Affairs PDF August 2012 Page 121
  • 122. Current Affairs PDF August 2012 Page 122 21. Which market regulator in August 2012 permitted seven Alternative Investment Funds (AIFs) to start operation in India under a newly formulated route that enable pooling of funds for investments in areas such as real estate, private equity and hedge funds. a) RBI b) SEBI c) Ministry of Finance d) Ministry of Corporate Affairs Answer: (b) 22. The high-level committee on external commercial borrowings (ECB),chaired by secretary, department of economic affairs Arvind Mayaram on ____________ decided to further liberalise the foreign borrowing norms. a) 22 Aug 2012 b) 13 Aug 2012 c) 04 Aug 2012 d) 14 Aug 2012 Answer: (a) 23. In a move aimed at encouraging investment sentiment in the country, the Union Finance Ministry on 22 August 2012 approved what percent foreign direct investment in insurance and pension sector. a) 52% b) 33% c) 49% d) 37% Answer: (c) 24. According to the data provided by the Marine Products Export Development Authority (MPEDA) in August 2012, Indias marine exports are likely to grow by over what percent year-on-year to USD 4.5 billion in 2012-13 fiscal. a) 28% b) 40% c) 33% d) 18% Answer: (a) 25. Supreme Court extended the deadline for 2G Spectrum auction. The auction will be now held on________ a) 12 February 2013 b) 10 December 2012www.jagranjosh.com Current Affairs PDF August 2012 Page 122
  • 123. Current Affairs PDF August 2012 Page 123 c) 11 January 2013 d) 13 July 2013 Answer (c) 26. Union Government approved ____________ Crore Rupees Fund to spur Production of Hybrid and Electrical Vehicle in the month of August. a) 12000 b) 13000 c) 14000 d) 25000 Answer (c) 27. India’s market regulator Security and Exchange Board of India (SEBI) on 28 August 2012 allowed partial flexibility in the conversion of Indian Depository Receipts (IDRs) into ___________ by investors. a) Equity shares b) Provident Fund c) Gratuity d) None of these Answer (a) 28. RBI, the central bank put an overall cap of ______________for raising of capital through IDRs by foreign companies in Indian markets. a) 10 billion dollar b) 6 billion dollar c) 4 billion dollar d) 5 billion dollar Answer (d) 29. Japan-based Nissan Motor Co. Ltd’s electric car is the largest-selling car in the world that runs on battery. What is the name of that electric car? a) Leaf b) Buffet car c) Reva d) Green car Answer (a)www.jagranjosh.com Current Affairs PDF August 2012 Page 123
  • 124. Current Affairs PDF August 2012 Page 124SCIENCE CURRENT AFFAIRS QUIZ 1. The Australian Climate Commission warned that the world’s sea levels could increase by _______ by the end of the 21st Century. a) 1.5 Metre. b) 2 Metres. c) 3 Metres. d) 1 Metres. Answer: (d) 1 Metre 2. Isle of Wight rock yielded three fossil footprints of Dinosaurs. In which one of the following countries Isle of Wight is located? a) USA b) UK c) India d) Germany Answer: (b) UK 3. In the studies conducted by American, Belgian, British and Dutch researchers it was found that tumors contain their own pool of stem cells that can multiply and keep fueling the cancer, seeding regrowth. Which one of the following techniques researchers used to trace the ancestry of cells within mouse tumors? a) labeling technique b) Striking technique c) Bubble technique d) None of the above Answer: (a) labeling technique 4. US researchers are using a new tool called___ for detecting illegal nuclear explosions. a) The Earth’s Global Positioning System (GPS) b) Water alarm device c) Seismometer d) Geiger counter Answer: (a) The Earth’s Global Positioning System (GPS) 5. A Rare bird Jerdan’s Baza was found for the first time in Dantepally tank area in Pocharam reserve forest of on 16 June 2012. Consider the given facts regarding Jerdan’s Baza. i. Jerdan’s Baza mainly eats frogs, lizards and large insects.www.jagranjosh.com Current Affairs PDF August 2012 Page 124
  • 125. Current Affairs PDF August 2012 Page 125 ii. The bird id recognized by broad round wings, a long squarish tail, jaunty crest and forest dwelling habits. Choose the right option: a) Only i is correct. b) Only ii is correct. c) Both i and ii are correct. d) Neither i nor ii is correct. Answer: (c) Both i and ii are correct. 6. Prime Minister said India will send a mission to "Mars" to collect scientific information. What is the name of this mission? a) Mars Orbitor Mission b) Mars Yojana c) Mangal Yaan d) India Mars Plan Answer: (a) Mars Orbiter Mission 7. The House Sparrow was on ___________ declared as state bird of Delhi by the state government. The new status of the bird is likely to help in its conservation. a) 14 August 2012 b) 13 Feb 2012 c) 12 March 2012 d) 16 July 2012 Answer: (a) 14 August 2012 8. Which Indian institute developed a web-based system for advising farmers the right quantity of fertilizers that they should use in their soils for a particular type of crop? a) Indian Institute of Management b) Indian Institute of Soil Sciences c) Indian Institute of Foreign Trade d) Indian Institute of Finance Answer: (b) Indian Institute of Soil Sciences 9. On which date in August 2012, the Ring-planet Saturn and Red planet Mars came together in Western Sky after sunset? a) August 12 b) August 05 c) August 15 d) August 11www.jagranjosh.com Current Affairs PDF August 2012 Page 125
  • 126. Current Affairs PDF August 2012 Page 126 Answer: (c) August 15 10. Scientists in the second week of August 2012 found a stem cell therapy to prevent which disease? Scientists used MSCs (mesenchymal) stem cells in mice with fractures that typically result into developing arthritis. a) Osteoarthritis after a joint injury b) Cataract c) Cancer d) Skin Infection Answer: (a) Osteoarthritis after a joint injury 11. Which Indian University signed an agreement for establishing a centre for earthquake and hydrological studies with Hyderabad based NGRI (National Geophysical Research Institute) on August 15, 2012? a) University of Kerala b) University of West Bengal c) University of Kashmir d) University of Assam Answer: (c) University of Kashmir 12. On 25 August 2012, the ballistic missile "Prithvi II" was successfully launched from the test range off Odisha Coast. Which type of missile is Prithvi II? a) Air-to-air missile b) Surface-to-air missile c) Air-to-surface missile d) Surface-to-surface missile Answer: (d) Surface-to-surface missile 13. On 23 August 2012, ______________________ won environmental approval for its $10 billion Alpha coal and rail project in Australias Queensland. a) Jaypee Enterprises b) GMR Infrastructure c) GVK Power and Infrastructure d) Adani Enterprises Answer: (c) GVK Power and Infrastructure 14. Which university scientists developed a mechanical device that measures the mass of individual molecules? a) University of Oxfordwww.jagranjosh.com Current Affairs PDF August 2012 Page 126
  • 127. Current Affairs PDF August 2012 Page 127 b) University of Delhi c) University of China d) California University of Technology Answer: (d) California University of Technology 15. On which date NASAs Mars rover Curiosity has fired its laser for the first time on Mars, using the beam to study a fist-size rock called "Coronation." a) Aug. 10, 2012 b) Aug. 20, 2012 c) Aug. 15, 2012 d) Aug 22, 2012 Answer: (b) Aug. 20, 2012 16. A new strain of rice developed by the scientists, which can enhance the productivity in the soil that lacks a nutrient content. Name the nutrient, lack of which effects crop yield. a) Sulphur b) Oxygen c) Phosphorous d) Carbon Answer: C. Phosphorous 17. Name the two planets that came together in the Western sky on 15 August 2012 after sunset. a) Mars and Saturn b) Earth and Mars c) Jupiter and Saturn d) Venus and Earth Answer: A. Mars and Saturn 18. The identified singing mice that use songs to communicate are found in which region? a) The Himalayan terrain b) The tropical cloud forests in the mountains of Costa Rica c) On the volcanic plates of Pacific d) Greenland Answer: B. The tropical cloud forests in the mountains of Costa Rica 19. Name the NASA’s Robert that has recently touched the surface of Mars a) Rover Curiosity b) Gale Craterwww.jagranjosh.com Current Affairs PDF August 2012 Page 127
  • 128. Current Affairs PDF August 2012 Page 128 c) Martian home d) Calif Answer: A. Rover Curiosity 20. Name the process that will be applied for transferring the gene of the newly developed Stained Rice to the modern variety of rice a) Cross-Breeding b) Genetic Engineering c) Hybridization d) None of these Answer: A. Cross-BreedingCORPORATE CURRENT AFFAIRS QUIZ 1. Andheris newly constructed headquarters of anti-terror force was inaugurated by N. Kumar Reddy on August 13, 2012 in Hyderabad. What is the name of this counter- terrorist commando force? a) Organisation to Counter Terrorist Operations (Octopus) b) Anti Terrorism Agengy (ATA) c) Anti Terrorism squad (ATS) d) Anti terrorism Operations (ATO) Answer: (a) Organisation to Counter Terrorist Operations (Octopus) 2. On which date, Mahindra & Mahindra signed an MoU with the Oriental Bank of Commerce (OBC) for personal and commercial vehicle financing? a) 14 Feb 2012 b) 17 Mar 2012 c) 17 Aug 2012 d) 30 July 2012 Answer: (b) 17 Aug 2012 3. In which Indian State, Hoppr on 9 August 2012 launched its service to allow users explore rewards and offers available with brands and merchants in a locality. Hoppr is a brand of Y2CF Digital Media, which is funded by Bharti SoftBank. a) Uttar Pradesh b) Rajasthan c) Punjab d) Chennai Answer: (d) Chennaiwww.jagranjosh.com Current Affairs PDF August 2012 Page 128
  • 129. Current Affairs PDF August 2012 Page 129 4. The Comptroller and Auditor General (CAG) of India in its incisive audit report noted that India’s exchequer suffered a massive loss of 1.86 lakh crore due to the distribution of coal blocks without bidding. The CAG report was tabled in the parliament on which date? a) 17 Aug 2012 b) 14 May 2012 c) 13 July 2012 d) 14 Jan 2012 Answer: (a) 17 Aug 2012 5. Who was appointed as the Chief Economic Advisor in the Finance Ministry? a) G. K. Vasan b) Raghuram Rajan c) Mukul Roy d) Ajay Maken Answer: (b) Raghuram Rajan 6. In an initiative to make Delhi Kerosene free, the Delhi Government launched a Kerosene-free Delhi scheme on _____________? a) 21 Aug 2012 b) 13 Aug 2012 c) 10 Aug 2012 d) 14 Aug 2012 Answer: (a) 21 Aug 2012 7. Which Indian-American entrepreneur was selected among the 18 Presidential Innovation Fellows who would work on five high-impact projects in the US capital Washington DC? a) Satish K. Tripathi b) Karl Mehta c) Renu Khator d) Beheruz Sethna Answer: (b) Karl Mehta 8. On 23rd Aug 2012, which Social media site banned six accounts similar in appearance to the Prime Ministers Office account? a) Facebook b) Skypewww.jagranjosh.com Current Affairs PDF August 2012 Page 129
  • 130. Current Affairs PDF August 2012 Page 130 c) Linkedin d) Twitter Answer: (d) Twitter 9. Which Leading Indian business house sold its group company Centum Learning to Everonn Education? a) Bharti Group b) LIC c) Reliance d) Toyota Answer: (a) Bharti Group 10. Footwear maker Relaxo Footwear on 22 August 2012 signed which Bollywood actor as brand ambassador for its Flite brand. a) Shahrukh Khan b) Hritik Roshan c) Katrina Kaif d) Imran Hashmi Answer: (c) Katrina Kaif 11. Which Indian company signed a pact with a French Energy company GDF Suez to import LNG (Liquefied Natural Gas)? a) GAIL b) Indian Oil corporation c) ONGC ( oil and natural gas corporation) d) Reliance petroleum limited Answer (a) GAIL 12. Name the Indian telecom service company which had acquired US firm WPCS International. a) Tata teleservices b) MTNL c) Kavveri telecom d) Shyam Telecom Answer (c) Kavveri telecomwww.jagranjosh.com Current Affairs PDF August 2012 Page 130
  • 131. Current Affairs PDF August 2012 Page 131 13. Which personality is appointed as the new Group Chief Executive of Barclay’s? a) Antony Jenkins b) Bob Diamon c) Marcus Agius d) David Walker Answer (a) Antony Jenkins 14. Name the steel plant of India which has won the Prime Minister trophy for the 10 th Time. a) Bhilai steel plant, Chattisgarh b) Bokaro steel plant, Jharkhand c) Durgapur steel plant, West Bengal d) Salem steel plant, Tamil Nadu Answer (a) Bhilai steel plant, Chattisgarh 15. Which company was directed by the Supreme Court to refund an amount of 17400 crore of rupees to their Investors? a) Sahara group of company b) Reliance industries limited c) Maruti Suzuki d) Air India Answer (a) Sahara group of companySPORTS CURRENT AFFAIRS QUIZ 1. Which Indian batsman announced his retirement from International cricket on August 18, 2012? a) Sachin Tendulkar b) VVS Laxman c) Virat Kohli d) Saurav Ganguly The answer is (b) VVS Laxman 2. In London Olympics, Sushil Kumar won a silver medal in Mens wrestling event and silver medal in 2008 Olympics. In which wrestling event he won the medals? a) 66 kg Freestyle wrestlingwww.jagranjosh.com Current Affairs PDF August 2012 Page 131
  • 132. Current Affairs PDF August 2012 Page 132 b) 59 kg Freestyle wrestling c) 73 kg Freestyle category d) 85 kg Freestyle category The answer is (a) 66kg Freestyle wrestling 3. Who was appointed as the head of Rajiv Gandhi Khel Ratna Awards Committee? a) Aslam Sher Khan b) Yogeshwar Dutt c) Rajyavardhan Singh Rathore d) Sushil Kumar The answer is (c) Rajyavardhan Singh Rathore 4. Which association set up a three-member committee to resolve the issues in Indian Hockey? a) Indian Olympic Association b) Indian Oil corporation c) Rajiv Gandhi Khel Ratna Awards Committee d) Indian Sorts Association The answer is (a) Indian Olympic Association 5. London Olympic medalists, shooter _________ and Wrestler Yogeshwar Dutt have been the country’s highest sporting honour “Rajiv Gandhi Kel Ratna”. a) Abhinav Bindra b) Vijay Kumar c) Gagan Narang d) Niccolo Campriani The correct answer is (b) Vijay Kumar 6. South Africa replaced England as the World’s Number One Test Cricket team. The feat was achieved after its 2-0 victory over England in the three Test-match series, which ended at Lord’s Cricket Ground in London on ___________. a) 21 Aug 2012 b) 14 Aug 2012 c) 10 Aug 2012 d) 16 Aug 2012 The correct answer is a) 21 Aug 2012www.jagranjosh.com Current Affairs PDF August 2012 Page 132
  • 133. Current Affairs PDF August 2012 Page 133 7. The names of six sporting coaches were recommended for the Dronacharya Awards for the year 2012.The awards was presented by ________________ at Rashtrapati Bhawan on 29 August 2012, the National Sports Day. a) P Chidambaram b) Pranab Mukherjee c) Manmohan Singh d) Rahul Gandhi The correct answer is b) Pranab Mukherjee 8. How Many Medals did India Win in London Olympics 2012? a) Four b) Eight c) Six d) Nine The correct answer is c) Six 9. On 23rd Aug 2012, which sportsperson has announced that he will not contest against US Anti doping Agency charges of doping? a) Carl Lewis b) Lance Armstrong c) George Hincapie d) Bradley Wiggins The correct answer is b) Lance Armstrong 10. Which country won the highest number of medals in London Olympics 2012? a) USA b) France c) India d) Japan The correct answer is a) USA 11. Name the Captain of India’s Under-19 team under whose captaincy India won the U-19 world cup final 2012 a) Prashant Chopra b) Akshdeep Nath c) Sandipan Das d) Unmukt Chand Answer: d) Unmukt Chandwww.jagranjosh.com Current Affairs PDF August 2012 Page 133
  • 134. Current Affairs PDF August 2012 Page 134 12. Inauguration of the London Paralympic games was done by whom. a) Prince Charles b) Queen Elizabeth c) Barack Hussein Obama d) David Cameron Answer: B. Queen Elizabeth 13. Winner team for 23rd Federation Cup National Throw ball Championship a) J&K b) Manipur c) Andhra Pradesh d) Delhi Answer: D. Delhi 14. England’s Andrew Strauss, who retired recently from International Cricket, was a captain to which format of game a) Twenty-Twenty b) Test c) One-day d) None of these Answer: B.Test 15. Name the player who recently became the fastest player to achieve the landmark of 3000 international runs in one day cricket a) Hasim Amla b) Virat Kohli c) Ricky Pointing d) Virendra Sehwag Answer: A .Hasim Amlawww.jagranjosh.com Current Affairs PDF August 2012 Page 134
  • 135. Current Affairs PDF August 2012 Page 135QUESTIONS OF THE MONTHQ.1) Pakistan successfully test-fired Hatf III Ghaznavi Missile recently. In the wake of thisstatement, comment on the growing armament race in South Asian region.Q.2) Supreme Court of India upheld the death sentence of Mumbai Terror Attack Convict AjmalAmir Kasab. In the light of this statement, do you agree that we need capital punishment inIndia? Support your answer with reasons.Q.3) India and Tajikistan on 3 September 2012 signed six agreements in six different areas.Identify these areas and critically discuss the importance of these agreements.Q.4) Write short notes on the following: a) Aseem Trivedi b) Mamta Banerjee c) Sonia Gandhi d) Tehran e) Sachin PilotQ.5) Write brief notes on the following: a) Chemotherapy b) Web-based system for advising farmers on fertilizers c) New strain of rice to boost crop yields d) Gene Therapy to reduce the sense of smellQ.6) Supreme Court of India in its judgement asked the Centre to prepare revised guidelines fortourist activities in core areas of tiger reserves. Elaborate how tourist activities in tiger reservesharm the tiger population? Suggest additional measures to make tiger conserving moreeffective.Q.7) Cabinet gave a nod to two subsidiaries of Air India: AIESL and AITSL. Air India sufferedheavy losses recently. Do you think the cabinet decision is related to those losses? Support youranswer with reasons.Q.8) Critically evaluate the 16th NAM Summit. Do you think it is relevant today? Support youranswer with reasons.www.jagranjosh.com Current Affairs PDF August 2012 Page 135
  • 136. Current Affairs PDF August 2012 Page 136GENERAL KNOWLEDGE QUIZZES 1. Who became Miss World 2012? 5. Who won Miss World 2011 title? a) Denise Perrier a) Doe Kyung-min b) Marita Lindahl b) Nicoline Artursson c) Yu Wenxia c) Ivian Sarcos d) Azra Akin d) Nicole Huber The Correct Answer is c) Yu The Correct Answer is c) Ivian Wenxia Sarcos 2. How many entrants competed for 6. Who was the first runer up Miss Miss World 2012? World 2011? a) 122 a) Nicoline Artursson b) 116 b) Esonica Veira c) 115 c) Gabriela Pulgar d) 119 d) Gwendoline Ruais The Correct Answer is b) 116 The Correct Answer is d) Gwendoline Ruais 3. Who was the first runner up Miss World 2012? 7. Who was the Second runer up Miss a) Mariana Notarangelo World 2011? b) Shamim Nabil a) Amanda Vilanova c) Evgeniya Klishina b) Tania Bambaci d) Sophie Moulds c) Lourdes Figueroa d) Amber Greasley The Correct Answer is d) Sophie Moulds The Correct Answer is a) Amanda Vilanova 4. Who was the Second runer up Miss World 2012? 8. How many entrants competed for a) Vanya Mishra Miss World 2011? b) Aránzazu Estévez a) 108 c) Jessica Kahawaty b) 119 d) Jeneva Bosko c) 113 d) 104 The Correct Answer is c) Jessica Kahawaty The Correct Answer is c) 113www.jagranjosh.com Current Affairs PDF August 2012 Page 136
  • 137. Current Affairs PDF August 2012 Page 137INDIAN INDEPENDENCE QUIZ 1. Who framed the Constitution of c) S. Radhakrishnan India? d) Lal Bahadur Shastri a) Pandit Jawaharlal Nehru b) Dr. B R Ambedkar The correct answer is a) Rajendra c) Jatin Banerjee Prasad d) Ram Manohar Lohia 5. How many eventual presidents The correct answer is b) Dr. B. R. signed the Declaration of Ambedkar Independence? a) 1 2. When did India adopt its b) 3 Constitution? c) 4 a) August 15, 1947 d) 2 b) January 26, 1950 c) February 20, 1947 The correct answer is d) 2 d) December 9, 1946 6. Until when India remained a The correct answer is b) January 26, Dominion of the Crown? 1950 a) Until 14 Jan 1988 b) Until 26 Jan 1950 3. Writer Urvashi Butalia recently c) Until 22 Feb 1955 published a major work of great d) Until 19 Sep 1940 historical importance to the people of the subcontinent. It is a collection The correct answer is b) Until 26 Jan of the personal experiences as told 1950 by the survivors of Partition, and lifts the silence on this period. What is 7. How many years Britain ruled India? her work called? a) About 200 years a) The Other Side Of Silence b) About 150 years b) Train to Pakistan c) About 100 years c) Lajja d) About 50 years d) Midnights Children The correct answer is a) About 200 The correct answer is a) The other years Side of Silence 8. The famous movement launched by 4. Who was the president of the Gandhi to break salt law was Constituent Assembly that held the a) Civil Disobedience Movement Independence Meeting? b) Non Cooperation Movement a) Rajendra Prasad c) Quit India Movement b) Mahatama Gandhi d) Indian National Movementwww.jagranjosh.com Current Affairs PDF August 2012 Page 137
  • 138. Current Affairs PDF August 2012 Page 138 b) Capt Mohan Singh The correct answer is a) Civil c) Subhash Chandra Bose Disobedience Movement d) Vallabhbhai Patel 9. Who is known as the Nightingale of The correct answer is b) Capt India? Mohan Singh a) Sarojini Naidu b) Annie Besant 13. What does the blue wheel that c) Asha Bhosle appears in the Indian national flag d) Lata Mangeshkar stand for? a) The wheel of law of justice The correct answer is a) Sarojini b) The wheel of religion Naidu c) The wheel of Krishna d) The wheel of fortune 10. The first Indian National Army was founded by The correct answer is a) The wheel a) Capt Mohan Singh of law of justice b) Vallabhbhai Patel c) Bhagat Singh 14. Who gave the slogan “Give me d) Subhash Chandra Bose blood and I shall give you freedom”? a) Vallabhbhai Patel The correct answer is a) Capt b) Chandrashekhar Azad Mohan Singh c) Ramprasad Bismil d) Subhash Chandra Bose 11. Who was assigned the task of partitioning India in 1947? The correct answer is d) Subhash a) Allen Octavian Hume Chandra Bose b) Lord Lytton c) Sir Cyril Radcliffe 15. Who gave the slogan “Swaraj is my d) Robert Clive birthright and I shall have it”? a) Mahatma Gandhi The correct answer is c) Sir Cyril b) Lal Bahadur Shastri Radcliffe c) Bal Gangadhar Tilak d) Pt. Jawaharlal Nehru 12. The first Indian National Army was founded by The correct answer is c) Bal a) Bhagat Singh Gangadhar Tilakwww.jagranjosh.com Current Affairs PDF August 2012 Page 138
  • 139. Current Affairs PDF August 2012 Page 139OLYMPIC QUIZ 1. Who officially opened the first 5. Which Country won the most Olympic Games? number of Gold Medals in the first a) Prince Andrew Olympic Games? b) Constantine I a) United States c) Otto b) Germany d) King George I c) Greece d) Austalia The correct answer is d) King George I The correct answer is a) United States 2. Which venue hosted the athletics events in the first Olympic Games? 6. How many countries participated in a) Kallithea the first Olympic games? b) Panathinaiko Stadium a) 9 c) Neo Phaliron Velodrome b) 14 d) Bay of Zea c) 19 d) 22 The correct answer is b) Panathinaiko Stadium The correct answer is b) 14 3. How many sporting events were 7. How many sports were included in included in the first Olympic games? the first Olympic games? a) 10 a) 7 b) 22 b) 9 c) 43 c) 11 d) 55 d) 13 The correct answer is c) 43 The correct answer is b) 9 4. Which country did not participated 8. How many sporting events were in first Olympic Games? included in the first Olympic games? a) Greece a) 10 b) America b) 22 c) Germany c) 43 d) New Zealand d) 55 The correct answer is d) New The correct answer is c) 43 Zealand 9. In which year, the International Olympic Committee was estabilished?www.jagranjosh.com Current Affairs PDF August 2012 Page 139
  • 140. Current Affairs PDF August 2012 Page 140 a) 1821 The correct answer is c) Pierre de b) 1849 Coubertin medal c) 1875 d) 1894 14. Abbreviate IOC? The correct answer is d) 1894 a) International Olympic Committee b) Indian Olympic Committee 10. How many National Olympic c) International Olympic Comission Committees are under the d) International Olympic International Olympic Committee? Corporation a) 178 b) 184 The correct answer is a) c) 197 International Olympic Committee d) 205 15. The first Winter Olympics organized The correct answer is d) 205 by the International Olympic Committee were held in 11. Until which year, both Summer and a) 1920 Winter Olympics were held in the b) 1924 same year? c) 1928 a) 1920 d) 1932 b) 1968 c) 1992 The correct answer is b) 1924 d) 2000 16. Which IOC President was the only The correct answer is c) 1992 non-European member to hold the post? 12. The first Summer Youth Olympics a) Demetrius Vikelas were in b) Henri de Baillet-Latour a) 1920 c) Pierre de Coubertin b) 1968 d) Avery Brundage c) 1992 d) 2010 The correct answer is d) Avery Brundage The correct answer is d) 2010 17. The Olympic Museum is in which 13. Which is awarded to athletes who country? demonstrate a special spirit of a) Switzerland sportsmanship in Olympic events? b) USA a) Olympic Order c) Germany b) Olympic Trophy d) Japan c) Pierre de Coubertin medal d) Olympic Cup The correct answer is a) Switzerlandwww.jagranjosh.com Current Affairs PDF August 2012 Page 140
  • 141. Current Affairs PDF August 2012 Page 141 18. Who founded the International d) Japan Olympic Committee? a) Pierre de Fortius The correct answer is a) Switzerland b) Pierre de Coubertin c) Citius de Coubertin 23. In which year of Olympics, the torch d) Citius de Fortius was carried under water by divers? a) 2000 The correct answer is b) Pierre de b) 2004 Coubertin c) 2008 d) 2012 19. How many National Olympic Committees are under the The correct answer is a) 2000 International Olympic Committee? a) 178 24. In which year of Olympics, the flame b) 184 was transformed to a radio signal c) 197 and then again ignited by a laser d) 205 beam? a) 1964 The correct answer is d) 205 b) 1968 c) 1972 20. Which IOC President was the d) 1976 Longest serving President? a) Demetrius Vikelas The correct answer is d) 1976 b) Henri de Baillet-Latour c) Pierre de Coubertin 25. Who designed the 2012 London d) Avery Brundage Olympic Games Torch? a) Jule Barber The correct answer is c) Pierre de b) Jape Barber Coubertin c) Edwin Barber d) Edward Barber 21. The IOC Session (general meeting) held in every The correct answer is d) Edward a) 1 Year Barber b) 2 Year c) 3 Year 26. On which day, the Olympic flame is d) 4 Year extinguished in Olympic Games? a) On opening ceremony The correct answer is a) 1 Year b) On closing ceremony c) Decided by the host country 22. The Olympic Museum is in which d) It never extinguished country? a) Switzerland The correct answer is b) On closing b) USA ceremony c) Germanywww.jagranjosh.com Current Affairs PDF August 2012 Page 141
  • 142. Current Affairs PDF August 2012 Page 142 27. In which year of Olympics, the first d) Brupp armaments global torch relay was undertaken? a) 2000 The correct answer is d) Brupp b) 2004 armaments c) 2008 d) 2012 32. When and where the Olympic torch was first lit? The correct answer is b) 2004 a) 1928, Amsterdam b) 1924, Paris c) 1936, Berlin 28. On which day, the Olympic flame is d) 1932, Antwerp extinguished in Olympic Games? a) On opening ceremony The correct answer is a) 1928, b) On closing ceremony Amsterdam c) Decided by the host country d) It never extinguished 33. At which Olympics was the Olympic flag first hoisted? The correct answer is b) On closing a) 1936, Berlin Olympics Ceremony b) 1920, Antwerp Olympics c) 1920, London Olympics 29. In which year of Olympics, the first d) 1948, Melbourne Olympics global torch relay was undertaken? a) 2000 The correct answer is d) 1948, b) 2004 Melbourne Olympics c) 2008 d) 2012 34. Where were the first Olympic games held? The correct answer is b) 2004 a) Olympia b) Barcelona 30. Who introduced the torch relay in c) Antwerp Olympics? d) Athens a) Jon Capp b) Carl Diem The correct answer is d) Athens c) Mark Carl d) Carl Marks 35. The Ancient Olympic Games were made a part of the religious festival The correct answer is b) Carl Diem in the honour of which mythological deity? 31. Which company created the first a) Perseus torch for relay in 1936 Berlin b) Heracles Olympics? c) Zues a) Srupp armaments d) Eros b) Jrupp armaments c) Krupp armaments The correct answer is c) Zueswww.jagranjosh.com Current Affairs PDF August 2012 Page 142
  • 143. Current Affairs PDF August 2012 Page 143 b) 1920 Summer Olympics 36. In which Olympic, the torch relay c) 1924 Summer Olympics was introduced? d) 1928 Summer Olympics a) 1928 Summer Olympics b) 1932 Summer Olympics The correct answer is b) 1920 c) 1936 Summer Olympics Summer Olympics d) 1940 Summer Olympics 41. The 5 rings in Olympic Symbol The correct answer is c) 1936 represents Summer Olympics a) 5 continents b) 5 countries 37. From which Olympic Games, the c) 5 members Olympic Games have had a mascot? d) 5 motto a) 1968 Winter Olympics b) 1972 Winter Olympics The correct answer is a) 5 c) 1976 Winter Olympics continents d) 1980 Winter Olympics 42. Who wrote the Olympic Anthem or The correct answer is a) 1968 Olympic Hymn? Winter Olympics a) Spyridon Samaras b) Demetrius Vikelas 38. In which Olympic Games, the torch c) John Williams relay came in effect? d) Kostis Palamas a) 1928 Summer Olympics b) 1932 Summer Olympics The correct answer is d) Kostis c) 1936 Summer Olympics Palamas d) 1940 Summer Olympics 43. The following mascot is of which The correct answer is c) 1936 Olympic Games? Summer Olympics a) 1988 Seoul Olympics b) 1992 Barcelona Olympics 39. In which year, the Olympic Hymn c) 1996 Atlanta Olympics was declared as official hymn by the d) 2008 Beijing Olympics IOC? a) 1957 The correct answer is c) 1996 b) 1965 Atlanta Olympics c) 1970 d) 1978 44. Who created the Olympic Flag? a) Carl Jung The correct answer is a) 1957 b) Javis Hein c) Louis Fredy 40. In which Olympic Games the d) Pierre De Coubertin Olympic Ring Symbol was debuted? a) 1916 Summer Olympicswww.jagranjosh.com Current Affairs PDF August 2012 Page 143
  • 144. Current Affairs PDF August 2012 Page 144 a) Oscar Pistorius The correct answer is d) Pierre De b) David Weir Coubertin c) Dave Roberts 45. Which city hosted the Paralympics in The correct answer is a) Oscar 2008? Pistorius a) Sydney, Australia b) Athens, Greece 47. The London 2012 Paralympic Games c) Beijing, China will begin on: d) Montreal, Canada a) 27 July 2012 b) 27 August 2012 The correct answer is c) Beijing, c) 29 August 2012 China d) 22 August 2012 46. Who is the Paralympian in the The correct answer is c) 29 August picture at the top of this quiz? 2012Are you thinking to be a bank officer?http://www.jagranjosh.com/bank-examsPlanned to handle the bureaucracy of the nation, want to be IS/PCShttp://www.jagranjosh.com/civil-servicesYour ways ahead to be an officer with any of the departments of government of India can betraced byhttp://www.jagranjosh.com/staff-selection-commission-sscThe future CEO’s and administrators, take a guidancehttp://www.jagranjosh.com/mbaYour willingness to know new things in an analytical mannerhttp://www.jagranjosh.com/current-affairsTo be in touch with the missed out information of the year you can click on the links mentionedbelow:Current Affairs July 2012 - http://epaper.jagranjosh.com/51011/Josh-Magazine/Current-AffairsCurrent Affairs June 2012 - http://epaper.jagranjosh.com/45776/Josh-Magazine/Current-AffairsCurrent Affairs May 2012 - http://epaper.jagranjosh.com/44738/Josh-Magazine/Current-Affairswww.jagranjosh.com Current Affairs PDF August 2012 Page 144
  • 145. Current Affairs PDF August 2012 Page 145Current Affairs April 2012 - http://epaper.jagranjosh.com/45165/Josh-Magazine/Current-AffairsBe in touch with the things necessary with the perspective of IBPS POCurrent Affairs for IBPS PO 2012 - http://epaper.jagranjosh.com/45765/Josh-Magazine/Latest-Current-www.jagranjosh.com Current Affairs PDF August 2012 Page 145