28 Oct-14 : Current Affairs

• Govt names three industrialists on black money.
  • Pradip burman-former director of dabur group.
  • Pankaj chimanlal lodhiya-owner of shreeji trading company.
  • Radha s. timblo-director, timblo pvt ltd.
  Economics

  
  
 
• Dilma rousseff elected for 2nd term as the president of brazil.
  • She won narrowly with 51.64% votes.
  • She is the 1st women president of the world 7th largest economy.
  National

  
  
 
• Japans Softbank a telecom giant to invest $10 b in india.
  • Its area of investment would be in india’s IT and communication spaces.
  • It will also look for opportunities in telecom and the fast growing e-commerce sector in india.
  • The deal was committed after PM Narendra modi’s visit to japan.
  International Relations

  
  
 
• World banks predicts 5.6% growth this fiscal year for India
  • It also predicted that for the fiscal year 2015-16 and 2016-17 growth will be 6.4% and 7% respectively.
  • It also said that implementing GST will transform india into a common market, eliminate Inefficient tax cascading and will boost manufacturing sector.
  • It said Systematic dismantling of inter-state check post, can dramatically boost competitiveness.
  • Long term growth potential in india remains high on favourable demographics, high savings and recent govt. policy to improve skills and education.
  National

  
  
 
• According to scientists gangotri rapidly disintegrating.
  • The team observed that the disintegration on the right side of the snout of gangotri is taking place at a rapid rate.
  • Rapid melting of the Raktvarn, Chaturangi, and Thelu — tributary glaciers of the Gangotri, which are placed at a higher altitude than the Gangotri and are towards its right — as the reason behind the heavy disintegration.
  Science and Technology

  
  
 
• Govt.to clear about 30 bills in winter session.
  • Which includes important bills like insurance amendment bill, the constitutional amendment bill of GST, and LBA (land border agreement) with Bangladesh.
  • The key issue for constitutional amendment bills are that NDA is well short of majority in the rajya sabha.
  Constitution/Indian polity