Current Affairs Update – 13th Feb, 2015


3. India
4. World
7. Awards
8. Days

1. Banking/RBI/GDP/Insurance
News –
IRDAI slaps Rs. 10
lakh penalty on LIC of India
  • The Insurance Regulatory and Development Authority of India
    (IRDAI) has imposed a penalty of Rs. 10 lakh on Life Insurance Corporation
    (LIC) of India.
  • In an order, the authority said the filled in proposal forms
    were altered by LIC without necessary authentication from the proposers. The
    policies were also split and more than one policy was issued under a single
  • They stated – Tampering with the proposal forms without the
    consent of the policyholders may affect the policyholders’ interest adversely.

2. Business News –

ITC to acquire
Johnson & Johnson’s Savlon and Shower To Shower brands
  • FMCG major ITC has entered into an agreement with Johnson
    & Johnson to acquire its brands, ’Savlon’ and ‘Shower To Shower’, in India.
  • This acquisition will be ITC’s first purchase in the
    personal care segment.
  • Savlon is an antiseptic brand while Shower To Shower is a
    personal care product brand.
  • These agreements are subject to customary closing conditions
    and regulatory permissions as may be necessary, it added.

3. India News –

Union Government
constituted SIT to reinvestigate 1984 anti-Sikh riot cases
  • Union Ministry of Home Affairs on 12 February 2015
    constituted a three-member Special Investigation Team (SIT) for
    re-investigation of the 1984 anti-Sikh riot cases. The newly-constituted SIT
    has been empowered to examine fresh evidence in the cases that had even been
  • The three-member SIT will be headed by Pramod Asthana, an
    IPS officer of 1986 batch. Other two members of SIT are retired district and
    sessions judge Rakesh Kapoor and Additional Deputy Commissioner of Police in
    Delhi Police Kumar Gyanesh.
  • The SIT will submit its report in six months and it will
    look into all serious criminal cases related to the riots, examine evidence and
    even re-open cases and file charge sheets in the courts concerned.

4. International News –

IMF, World Bank agree
for $19.5-bn financial aid to Ukraine
  • The IMF and the World Bank have agreed to provide massive
    financial assistance to strife-torn Ukraine — $19.5 billion in all — to bail it
    out of an economic crisis.
  • The International Monetary Fund (IMF) and Ukraine had
    yesterday agreed on a $17.5-million bailout package with the World Bank
    announcing another $two million financial assistance.
  • The World Bank’s statement came after IMF Managing Director
    Christine Lagarde announced having reached an agreement on a $17.5 billion
    bailout package for Ukraine.

SpaceX successfully
launched Falcon 9 rocket from Florida

  • Experimental aerospace firm SpaceX on 12 February 2015
    successfully launched the Falcon 9 rocket from the Cape Canaveral Air Force
    Station, Florida on its third attempt.
  • The rocket carried an unmanned Deep Space Climate
    Observatory (DSCOVR) satellite. This satellite will be used by the United
    States National Oceanic and Atmospheric Administration (NOAA) to monitor the
  • The satellite will collect the information on solar storms
    and will monitor changes in solar wind and provide warnings on hazardous outbursts
    from earth to warn forecasters. It will also help forecasters to predict
    changes which affect satellites, power grids and communication systems.

5. Appointments/Resignations

US Senate confirms
Ashton Carter as Defence Secretary

  • The US Senate has confirmed Ashton Carter as the next
    Secretary of Defence after he was elected to the top Pentagon post with an
    overwhelming 93 to five votes.
  • Carter, 60, will be the 25th US Secretary of Defence,
    replacing Chuck Hagel who quit from the post in November amid reports of
    differences with President Barack Obama.
  • Obama lauded Carter’s election to the top post yesterday
    even as he hoped that the new secretary will work with the Congress and find a
    “more responsible” approach to Defence spendings.

Odisha Chief Information Commissioner Tarun Kanti
Mishra resigned
  • The Chief Information Commissioner (CIC) of Odisha Tarun
    Kanti Mishra on 12 February 2015 resigned from his position.
  • A 1975-batch IAS officer, Mishra is also is associated with
    several cultural activities besides discharging his duties and responsibilities
    as an administrative officer. Mishra retired from the government service in
    August 2010.

6. Books & Authors –
Editor Unplugged:
Media, Magnates, Netas and Me authored by Vinod Mehta

  • Book titled Editor Unplugged: Media, Magnates, Netas and Me
    written by Vinod Mehta was in news in the first week of February 2015. The book
    was published on 15 December 2014 by Penguins India. 
  • Vinod Mehta is a veteran journalist and was Editor-in-Chief
    of Outlook weekly magazine until February 2012.
  • The author’s new book takes forward the story of Lucknow
    Boy, recounting his experiences in the corridors of power in Delhi.

7. Awards & Honors –
AIFF National
Football Awards 2014

  • National men’s team captain Sunil Chhetri was on Friday
    presented with All India Football Federation’s 2014 Player of the Year award on
  • Chhetri was voted the winner by I-League coaches and this
    was the fourth time he received the award having earlier won it in 2007, 2011
    and 2013. In the process he surpassed the legendary IM Vijayan who won the award
  • National women’s team striker Bala Devi, who scored 47 goals
    in 2014, including 18 in international matches, was presented with 2014 AIFF Women’s
    Footballer of the Year.
  • Sandesh Jhingan, the 2014 Emerging Player of the Year, also
    could not be present due to his club commitments with Sporting Clube de Goa in
    the ongoing edition of the I-League.
  • FIFA Referee Santosh Kumar from Kerala, a veteran of over
    150 domestic and 20 international matches, was awarded the 2014 AIFF Award for
    Best Referee.
  • The AIFF Award for long time contribution was presented to

Gurpreet Singh presented with National Science Foundation CAREER award
  • Indian-origin scientist Gurpreet Singh was on 27 January
    2015 presented with the prestigious National Science Foundation CAREER award.
    The award includes the prize money of 500000 US dollars.
  • He was honoured for his research on Scalable liquid
    exfoliation processing of ultrathin two-dimensional metal dichalcogenides
    nanosheets for energy storage devices.

8. Days –
World Radio Day
observed on 13 February

  • World Radio Day was observed globally on 13 February 2015 with
    the theme Youth and Radio.
  • The day is a global celebration of radio as a forum for
    entertainment and information, as a bridge of communication for remote
    communities and its role in empowering people.
  • United Nations Educational, Scientific, and Cultural
    Organization (UNESCO) annually celebrate the World Radio Day by planning
    activities with broadcasters, organizations and communities around the world.

9. Report/Index –
RWB released the
World Press Freedom Index 2015: India ranked at 136th position
  • The Reporters Without Borders (RWB) on 12 February 2015
    released the World Press Freedom Index (WPFI) 2015. In the WPFI 2015, India was
    placed at 136th position out of 180 nations that were surveyed worldwide in
    terms of press freedom.
  • In the top of the list were three Scandinavian countries:
    Finland on the 1st position followed by Norway and Denmark. At the other end of
    the scale, Turkmenistan, North Korea and Eritrea were the worst performers
    securing the last places in the index.
  • The 2015 World Press Freedom Index highlights the worldwide
    deterioration in freedom of information in 2014.
  • In WPFI 2015, India has shown improvement from its rank of
    140 in 2014. However, India’s overall score declined from 40.34 to 40.49. In
    2014, India stood at 140th position.

10. Obituaries –
Telugu novelist
Kesava Reddy passed away
  • Veteran Telugu novelist Kesava Reddy passed away on 13
    February 2015 in Nizamabad district of Telangana following a prolonged illness.
    He was 68.
  • Kesava Reddy was born on 10 March 1946 in Thalapula Palli
    village of Chittoor District in Andhra Pradesh. He was a doctor by profession
    and had obtained MBBS degree from Pandichheri medical college.

PAS spiritual leader
Nik Abdul Aziz Nik Mat died at 84
  • Nik Abdul Aziz Nik Mat, the spiritual leader of Malaysia’s
    opposition Pan-Malaysian Islamic Party (PAS) died at his house in Pulau Melaka,
    Kota Baharu on 12 February 2015. He was 84. He is survived by his wife Sabariah
    Tuan Ishak and 10 children.
  • Aziz Nik, a revered leader in PAS and popularly known as Tok
    Guru, had served as Kelantan Menteri Besar (Chief Minister) from 1990 to 2013.