Current Affairs Update – 23 Sept, 2014

Finance
1. RBI approved the
appointment of V.G. Mathew as MD and CEO of South Indian Bank

  • ·
    The Reserve Bank of India (RBI) on 22
    September 2014 approved the appointment of V.G. Mathew as Managing Director
    (MD) and Chief Executive Officer (CEO) of Kerala-based South Indian Bank Ltd.
  • ·
    V.G. Mathew is appointed for a period of
    three years with effect from 1 October 2014. He will replace V.A. Joseph who
    will retire on 30 September 2014 after serving the bank for 12 years.
  • ·
    His appointment was made under the Section
    35B of the Banking Regulation Act 1949.
  • ·
    V. G. Mathew served as an Executive Vice President
    of The South Indian Bank Ltd since 2 January 2014.
  • ·
    Before joining the South Indian Bank Ltd,
    Mathew served as Chief General Manager of Corporate Accounts Group at State
    Bank of India.

2. ICICI Bank launches
new product ‘NRI Advantage’ , for NRIs

  • ·
    ICICI Bank today launched a new product to
    serve the Indian diaspora and cater to their non- financial needs.
  • ·
    The top private lender said ‘NRI Advantage’
    entitles customers to avail of exclusive discounts/special offers. It is
    targeted at NRI Premia, NRI Pro and NRI savings account holders.
  • ·
    The product delivers a host of discounts for
    healthcare requirements, gifting family & friends, assistance for service
    needs and India-based shopping wants of NRIs, among others.


3. Amit Mathew elected
as chairman of Audit Bureau of Circulations
  • ·
    Amit Mathew on 22 September 2014 was
    unanimously elected as Chairman of Audit Bureau of Circulations (ABC) for the
    year 2014-15. He is the resident editor and director of Malyala Manorama.
  • ·
    In addition to Mathews, Shashidhar Sinha was
    elected as the deputy chairman of the ABC for the 2014-15. Shashidhar Sinha is
    the CEO (India) of IPG Mediabrands and represents the advertising agencies of the
    Council.
  • ·
    The other members of the Bureau’s Council of
    Management for the year 2014-2015 are: Shailesh Gupta (Jagran Prakashan Ltd),
    Aritra Sarkar (ABP Pvt. Ltd), I Venkat (Ushodaya Enterprises Ltd.), Hormusji N
    Cama (The Bombay Samachar Pvt Ltd), Devendra V Darda (Lokmat Media Pvt Ltd),
    Sanjeev Vohra (Bennett, Coleman & Co Ltd) and Benoy Roychowdhury (HT Media
    Ltd).
  • ·
    Also, Hormuzd Masani would be the Secretary
    General of the ABC.
  • ·
    The Audit Bureau of Circulations (ABC) of
    India is a non-profit circulation-auditing organization. The ABC is a not for
    profit organization. It was founded in 1948.

India
4. Google launches new
social campaign

  • ·
    Internet search major Google, on Tuesday,
    launched a new social campaign to increase the internet literacy among women in
    India. Google has tied up MARD, an initiative started by Bollywood
    actor-cum-director Farhan Akhtar. MARD has tied up with Google’s digital
    literacy initiative for women ‘Helping Women get online’ (HWGO).
  • ·
    HWGO was launched by Google India in
    collaboration with Axis Bank, Intel and Hindustan Unilever about a year ago, a
    statement from Google India said. The campaign will look to generate awareness
    around the need to get women online as well as encourage existing users to help
    get more women online and spread awareness of gender equality and women
    empowerment.

5. Amazon India launches
Release Day Delivery

  • ·
    Amazon.in today announced the launch of
    Release Day Delivery (RDD), a service committed to delivering new product
    offerings to customers on the day of their launch.
  • ·
    With the launch of RDD, Amazon.in customers
    can now pre- order and receive some of the most eagerly awaited new products at
    their doorstep on the day of release, the company said.

6. Ex-Ambassador of
India to UN Hardeep Singh Puri appointed as Secretary General of ICM
  • ·
    Hardeep Singh Puri was appointed as Secretary
    General of Independent Commission on Multilateralism (ICM) on 23 September
    2014. He is a former Ambassador and Permanent Representative of India to the
    United Nations.
  • ·
    Under the direction of the Secretary General,
    and in close cooperation with the chair and co-chairs, the final report of the
    ICM will be finalized.
  • ·
    Independent Commission on Multilateralism
    (ICM) launched by International Peace Institute (IPI) is aimed at identifying
    policy proposals to enhance the multilateral system’s ability to respond to
    evolving global challenges.
  • ·
    ICM will be chaired by former Australian
    Prime Minister Kevin Rudd and co-chaired by Foreign Minister of Norway Borge
    Brende and Canadian Foreign Minister John Baird.

7. DMRC observed World
Green Building Week
  • ·
    Delhi Metro Rail Corporation (DMRC) observed
    World Green Building Week from 22 September 2014 to 27 September 2014. The week
    is simultaneously being observed in over 100 countries.
  • ·
    The theme of the week is Get up, Green Up.
    The week aimed to promote construction of environment-friendly buildings.
  • ·
    The DMRC has partnered with the Indian Green
    Building Council (IGBC) of the Confederation of Indian Industry (CII).
  • ·
    The Delhi Metro has decided to design all its
    phase-III stations as green buildings.

International
8. London turns world’s
most expensive city, overtakes Hong Kong

  • ·
    London has overtaken Hong Kong as the world’s
    most expensive city to live and work in, as a new study has suggested it has
    turned nearly twice as pricey as Sydney and four times more expensive than Rio
    de Janeiro. India’s Mumbai was found to be at the bottom of the 12 most
    expensive cities report.
  • ·
    The combined typical cost of renting
    accommodation and leasing an office to work for a year in London had risen to
    almost 74,000 pounds per employee. That puts the British capital city well
    ahead of other global hubs such as New York, Paris and Tokyo, the Guardian
    Tuesday quoted estate agent Savills as saying.

9. Alibaba’s Jack Ma is
second richest Asian, overtakes Mukesh Ambani

  • ·
    Alibaba, the Chinese e-commerce giant, has
    not only created history with the largest IPO ever at $25 billion but also made
    its founder and CEO, Jack Ma, the second richest man in Asia. The record for
    the largest IPO was held by Agriculture Bank of China, which raised $22.1
    billion in 2010.
  • ·
    Ma (50) has overtaken Mukesh Ambani and Hong
    Kong’s Lee Shau Kee to become China’s richest and Asia’s second wealthiest with
    a personal wealth of $26.5 billion. Ma trails HK’s Li Ka-Shing among Asia’s richest, according to the Bloomberg
    Billionaires Index.
  • ·
    Jack Ma , a former English teacher, wants
    Alibaba to be bigger than Walmart in the coming years.

Sports

10. Union Ministry of
Sports inaugurated National Academies for Athletics & Golf in
Thiruvananthapuram


·
Union Ministry of Sports inaugurated National
Academy for Athletics and National Golf Academy at Thiruvananthapuram, Kerala.
It was inaugurated by the Union Minister of State for Skill Development,
Entrepreneurship, Youth Affairs and Sports, Sarbananda Sonowal on 22 September
2014.
·
The National Academy for Athletics will give
training for sub junior, junior and senior athletes selected across the country
by the expert coaches including foreign ones.
·
The Academy has been established as the first
Academy in Sports in the country under Public-Private Partnership with M/s.
JSW.
·
Initially 20 children selected in the age
group of 8 to 14 from various schools in Kerala for National Gold Academy. This
will be the first batch of Golfers in the Academy.
·
In India, golf has become an Olympic
discipline and India will participate in next Olympics in Rio in Brazil from
2016 onwards.
11. Veteran cricket
statistician Anandji Dossa passes away

·
Veteran cricket historian and statistician
Anandji Dossa has passed away at the age of 98 in New York.
·
Considered the most well-respected in his
chosen field, Dossa breathed his last on Monday.
·
Dossa, along with his wife, had moved to the
United States of America last year to be with their daughters.
·
A former cricketer who was mostly a reserve
in Mumbai’s Ranji Trophy squad, made his presence felt in Indian cricket by
introducing the culture of scoring and stats.
·
He did live scoring for all major cricket
tournaments for the All India Radio for the first three decades of independent
India.
·
Dossa can also be credited with grooming
cricket statisticians and scorers. Dossa also authored many books, including
Duleep — the Man and his Game (co-authored with Vasant Raiji), Cricket Ties:
India-Pakistan and Art of Scoring (in Gujarati).
·
Once he donated most of his collection to the
Cricket Club of India, former CCI and BCCI president Raj Singh Dungarpur
preserved it by starting the Anandji Dossa Library on the premises of the club.
12. Abhinav Bindra bags
bronze in men’s 10m Air Rifle

·
Ace Indian shooter Abhinav Bindra claimed his
first Asian Games individual medal by winning bronze in the men’s 10 metre Air
Rifle event at the Ongnyeon International Shooting Range on Tuesday.
·
Chinese pair Haoran Yang (209.6) and Yifei
Cao (208.9) proved too strong for the 31-year-old Indian, who had a final score
of 187.1.
·
The 2008 Olympic gold medallist had won his
first Asian Games medal earlier in the day by taking third place in the men’s
team 10m Air Rifle event along with compatriots Sanjeev Rajput and Ravi Kumar.
13. Tendulkar to be
inducted as Bradman honouree

·
Cricket icon Sachin Tendulkar’s tryst with
Australia and ‘The Don’ continues as the legendary batsman will be inducted as
a Bradman honouree along with former Test captain Steve Waugh at a gala dinner
in Sydney on October 29.
·
Tendulkar, who had the honour of meeting
Bradman on his 90th birthday at his Adelaide home, was later listed in an
all-time XI prepared by the batting genius himself.
·
The Don, in fact, went on record to say that
he felt he was looking at a ‘mirror-image’ of himself when he watched Tendulkar
play.
·
Tendulkar, 41, also enjoyed a good run at the
Sydney Cricket Ground (SCG) during his 200 Tests and 24-year-long career,
scoring three centuries in five Tests.
·
His unbeaten 241 not out in the 2003-04
series against the Aussies is widely regarded as one of the finest innings seen
at the venue.

  • And,
    hence, Tendulkar’s appearance at the annual Bradman Foundation dinner is
    fitting as the late Aussie great once famously said in an interview that he
    believed Sachin’s technique, like no other modern batsman, reminded him of his
    own.

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This post was last modified on November 27, 2017 9:04 am