Saturday, 31 May 2014
Friday, 30 May 2014
Friday, 16 May 2014
Tuesday, 13 May 2014
Friday, 9 May 2014
Thursday, 8 May 2014
Jignesh Shah arrested in NSEL scam
(i) Jignesh Shah, former director of the scam-ridden National Spot Exchange Limited (NSEL), was arrested by the Mumbai police in connection with the nearly Rs.5,600-crore payment crisis.
(ii) The Economic Offences Wing (EOW) of the Mumbai police also arrested the Chief Financial Officer of Financial Technologies India Ltd. (FTIL), Srikant Javlekar.
(iii) On September 30, an investor had filed an FIR against the directors and key functionaries of NSEL for cheating, forgery, criminal breach of trust and conspiracy
(iv) According to the police, Mr. Shah masterminded the entire scam and engaged in a criminal conspiracy with the co-accused to turn NSEL into a non-banking institution. So far, 11 persons have been arrested in the case.
(v) In January, a charge-sheet had been filed against the NSEL CEO, Anjani Sinha, two vice-presidents — Amit Mukherjee and Jay Bahukhundi — and two borrowers of the beleaguered exchange — Nilesh Patel, managing director of NK Proteins and Arun Sharma, film financier and chairman of Lotus Refineries.
Read more: http://www.bankersadda.com/2014/05/daily-gk-update-8th-may.html#ixzz31Bu0sPJd
Delhi the most polluted city in the world: WHO
(i) As per a new study conducted by the World Health Organisation (WHO), the air in the national capital is laden with dangerous small particles of pollution, leapfrogging Beijing - the city which was once considered one of the most polluted.
(ii) As per various studies conducted, air pollution is the fifth largest killer in India
(iii) The international organisation has measured that Delhi has the highest concentration of PM2.5 — particulate matters less than 2.5 microns— form of air pollution, which is considered most serious.
(iv) Thirteen of the dirtiest 20 cities were Indian, which included New Delhi, Patna, Gwalior and Raipur in the top four spots, while the Indian capital had an annual average of 153 micrograms of small particulates, known as PM2.5, per cubic metre.
(v) Beijing was in 77th place with a PM2.5 reading of 56, little over one-third of Delhi's pollution level, while at the cleaner end of the table, 32 cities reported a PM2.5 reading of less than 5 and three-quarters of those included Vancouver, Hafnarfjordur in Iceland and the other seven were American.
(vi) The database covers the period from 2008 to 2013, with the majority of values for the years 2011 and 2012.
Read more: http://www.bankersadda.com/2014/05/daily-gk-update-8th-may.html#ixzz31BtG6OHU
President of India dedicates ‘RUPAY’ to the nation
(i) The President of India, Shri Pranab Mukherjee dedicated ‘RuPay’ India’s own card payment network to the nation today (May 8, 2014) at function at Rashtrapati Bhavan.
(ii) Speaking on the occasion, the President congratulated the Reserve Bank of India for having envisioned the need for such an indigenously managed service in 2005 and for entrusting this task to the National Payments Corporation soon after its operationalization in 2010.
(iii) An indigenous system like RuPay will not only reduce the dependence on cash and cheque modes of settlement but will also make it easier to offer products based on specific requirements of diverse user sets within the country.
(iv) The President felicitated Shri A. P. Hota, Managing Director and Chief Executive Officer of NPCI. He also presented appreciation plaques to 17 banks for their contribution in connection with RuPay card.
Read more: http://www.bankersadda.com/2014/05/daily-gk-update-8th-may.html#ixzz31BsR0GEp
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