We are giving here Current Affairs for CLAT exam for the month of April. Current Affairs is an important section. The purpose of this section is to check candidate’s knowledge about current events national as well as international. We hope that it will be helpful for you to answer some questions.
Vice Admiral Robin K Dhowan likely to take over as next Navy Chief
i. Vice Admiral Robin K Dhowan is most likely to be the next chief of the Indian Navy with reports on Wednesday suggesting that the Defence Ministry has recommended his name to Prime Minister Manmohan Singh for the coveted post.
ii. The post of Navy chief has been lying vacant for nearly two months since DK Joshi suddenly quit in the wake of a series of mishaps that hit the naval forces recently.
iii. Vice Admiral Dhowan, who has been the acting Navy chief since Joshi's exit, was in contention for the top job along with Western Navy Commander Shekhar Sinha and Eastern Commander Anil Chopra.
iv. Vice Admiral Sinha is the senior-most among the three but he has been edged out of the race, apparently because majority of the 14 mishaps, including two major submarine accidents, took place under his command during the last 10 months.
v. "The Defence Ministry has recommended the name of acting chief Vice Admiral Robin Dhowan for the appointment and the Prime Minister's Office will go through the file before taking a final decision on the matter," top government sources said
‘Ship of Theseus’ named best film at National film awards
i. Anand Gandhi’s debut film Ship of Theseus was on Wednesday named the best feature film while Milkha Singh’s biopic Bhaag Milkha Bhaag was declared the best popular film providing wholesome entertainment at the 61st National Film Awards.
ii. The best actor award was shared by Shahid actor Rajkumar Rao and Suraj Venjaramoodu for Malayalam film Perariyathavar while Hansal Mehta was named the best director for Shahid, again a biopic on slain lawyer-activist Shahid Azmi.
iii. Geetanjali Thapa was named the best actress for Hindi film Liar’s Dice Saurabh Shukla was declared the best supporting actor for court-room drama Jolly LLB which was also named the best Hindi film.
iv. The best supporting actress award is shared by Amruta Subhas and Aida El-Kashef for Astu (Marathi) and Ship of Theseus (English-Hindi).
v. An 11-member jury, headed by noted directed Saeed Akhtar Mirza announced the awards on Wednesday.
vi. The National Film Awards along with Dada Saheb Phalke honour, which will go to lyricist-director Gulzar this year, are likely to be given by President Pranab Mukherjee on May 3.
Basel Committee issued Final standards to curb exposures of banks to customers
i. The Basel Committee on Banking Supervision on 15 April 2014 issued Final standards for measuring and controlling large exposures of banks to customers. These standards will take effect from 1 January 2019
ii. The committee consisted of banking supervisors from nearly 30 countries. The committee framed a new rule limiting how much business a bank can undertake with a single customer.
Highlights of the guidelines
•Guidelines were aimed to minimise the risk of fallout from a counterparty going default without imposing excessive burdens on financial firms.
•The framework was designed so that the maximum possible loss a bank could incur if such a default were to occur would not endanger the bank's survival as a going concern.
•In cases where the bank's counterparty is another bank, large exposure limits will directly contribute towards the reduction of system-wide contagion risk.
•The framework will also contribute to strengthening the oversight and regulation of the shadow banking system by extending the scope of coverage to exposures to funds, securitisation structures and collective investment undertakings.
•The existing rule leaves it to supervisors to impose a 25 percent cap on exposures, meaning each exposure cannot be more than a quarter of the bank's total regulatory capital holdings.
Gupta loses to Iturrizaga in Dubai finale
i. Grandmaster and former world junior champion Abhijeet Gupta missed out on a podium finish after losing to Eduardo Iturrizaga of Venezuela in the 9th and final round of 16th Dubai International open chess tournament that concluded in Dubai.
ii. Having done all the hard work, Gupta fell at the final hurdle and had to be content with a fourth place finish on 6.5 points.
iii. Romain Edouard of France won the tournament defeating top seed Anton Korobov of Ukraine in the final round game.
iv. The French Grandmaster ended on a high scoring eight points out of a possible nine and this was amongst his best performance ever. Edouard, for his efforts, gets the winner’s cheque of $10000.
Mumbai Indians take on Kolkata Knight Riders in IPL 7 opener
i. Fighting for credibility after being left devastated by a spot-fixing scandal, the glamorous but controversial Indian Premier League will roll out its seventh edition from Wednesday with the promise of putting cricket first while keeping the drama and glitz to a bare minimum.
ii. Defending champions Mumbai Indians, captained by Rohit Sharma, will square off against 2012 winners Kolkata Knight Riders, led by veteran opener Gautam Gambhir, in the event-opener at the Sheikh Zayed Stadium in Dubai.
iii. The UAE is hosting the high-profile T20 event's first leg from April 16 to 30 owing to a clash of dates with the Indian general elections and security concerns emanating from that.
iv. The tournament will return to India on May 2 after being assured of security in states where voting would be over by that time.
RK Dhowan takes over as new Navy chief
i. Robin K Dhowan on Thursday took over as chief of the Indian Navy nearly two months after D K Joshi quit the post in the wake of a series of mishaps.
ii. Admiral Dhowan, 59, who has been the acting Navy chief since Joshi's exit, has been appointed the Chief of Navy Staff superseding Western Naval Commander Shekhar Sinha.
iii. He will have a tenure of 25 months, retiring in May 2016. Sinha was the senior-most Vice Admiral but he has been edged out of the race, apparently because majority of the 14 mishaps, including two major submarine accidents, took place under his command during the last 10 months.
iv. Defence Minister A K Antony had recommended the name of Dhowan, who was in contention for the top job along with Western Naval Commander Sinha and Eastern Commander Anil Chopra.
v. A navigation and direction specialist, Dhowan is an alumnus of National Defence Academy, Defence Services Staff College and Naval War College, Rhode Island, USA.
SBI launched Tab banking to facilitate opening of Saving Accounts
i. State Bank of India on 15 April 2014 launched digital banking facilities for the convenience of SBI customers.
ii. SBI has launched the facility of TAB banking for customers opening of Savings Bank accounts and another for Housing Loan applicants.
iii. SBI will offer its valued customers the facility of opening accounts at their door step through Tab Banking. The sales staff of SBI will visit the customers at their home and with the use of the tablets they will get the formalities completed.
iv. These will be loaded on the CBS and the account number will be sent to the customer through SMS/e-mail. This will provide convenience and time saving to the customer for opening accounts with SBI.
v. SBI will also offer TAB banking facility at the place of the Housing Loan applicant, for in-principle approval of home loan.
Cherrapunji regained the World record for highest rainfall in 48 hours
i. World Meteorological Organization (WMO) panel on 4 April 2014 announced that Cherrapunji in India regained the world record for highest rainfall in 48 hours with 2493 millimeters. The previous highest rainfall in Cherrapunji was recorded on 15–16 June 1995.
ii. The previous world record for 48-hour rainfall was held by La Reunion Island in the Indian Ocean. La Reunion Island holds the record with 2467 millimeters from April 1958. L Reunion is a French island with a population of 840974 inhabitants located in the Indian Ocean, southwest of Mauritius
iii. La Reunion is frequently hit by tropic cyclones and received large amounts of rainfall over its mountains. It continued to hold the record for the most rainfall over periods of 12-hours and 24-hours from 1966. The record of highest 72 hours and 96 hours was made in 2007.
iv. Cherrapunji is situated on a plateau in the state of Meghalaya at an average elevation of 1484 metres (4 869 ft), facing the plains of Bangladesh.
ING Vyasa launches m-banking application
i. ING Vyasa on Wednesday officially announced the launch of its mobile banking application, which is believes will help drive higher user engagement.
ii. Besides features such as checking balance, funds transfer and bill payments, the application offers ability to scan and store cheques issued, lets users buy and send gift vouchers from various brands and ATM branch locater.
iii. Customer will require a single channel to access all digital platforms, including mobile and internet banking.
iv. The app has been developed in partnership with technology giant IMB, using latter’s Worklight Platform.
Chennai-Bangalore Industrial Corridor plan by March next
i. The comprehensive integrated master plan for development of Chennai-Bangalore Industrial Corridor (CBIC) will be ready by March 2015, according to Masanori Nakano, Japanese Consul-General.
ii. Venu Srinivasan, IJCCI past president, said that Tamil Nadu would be the greater beneficiary of Indo-Japan co-operation. Japanese firms such as Nissan, Yamaha and Toshiba are likely to set up their units along the proposed Chennai-Bangalore corridor.
iii. Toyota also has some investment plans for Hosur. IJCCI would set up a knowledge bank on Japan to disseminate information about Japan, said its president, N. Krishnaswami.
iv. Japanese firms are also interested in developing infrastructure projects such as Delhi-Mumbai Industrial Corridor and CBIC, among others. We are interested in increasing co-operation between the two countries.”
Shahnaz Shaikh to coach Pak hockey team
i. Pakistan Hockey Federation (PHF) has appointed Olympian Shahnaz Shaikh as the senior teams' coach.
ii. Pakistan failed to qualify for the World Cup to be held in the Netherlands in June -- a humiliating first for the four-time former champions.
iii. Pakistan have also won three Olympic gold medals but fell to seventh position in the 2012 London Olympics.
iv. They were 12th and last in the 2010 World Cup in India.
v. Shaikh, who has had two unsuccessful stints as coach, said his first target would be to defend the Asian Games title which Pakistan won in China in 2010.
Randstad Awards 2014 announced
i. Randstad Awards 2014 was announced on 17 April 2014 to encourage best practices for talent attraction and to identify the best Employer Brand in the country based on perceived attractiveness of a company.
ii. Randstad have awarded the Global software major Microsoft as the most attractive employer in India followed by Sony India as the runner-up. The award was won by Microsoft for the fourth consecutive year.
iii. Special recognition awards were given to Larsen & Toubro as the most attractive employer in the infrastructure industry, State Bank of India in the banking sector, Taj Group in the hospitality and Tata Power in the energy sector.
iv. The Randstad Award was instituted globally by Randstad. Randstad is a leading HR services provider. The Randstad Award is the world’s largest employer branding survey that is conducted with over 200000 respondents across 23 countries in the world.
Nobel laureate Garcia Marquez dies at 87
i. Gabriel Garcia Marquez, the Nobel laureate whose intoxicating novels and short stories exposed millions outside Latin America to its passions, superstition, violence and social inequality, has died at home in Mexico City. He was 87.
ii. Widely considered the most popular Spanish-language writer since Miguel de Cervantes in the 17th century, the Colombian-born Garcia Marquez achieved literary celebrity that spawned comparisons to Mark Twain and Charles Dickens.
iii. His flamboyant and melancholy fictional works - among them "Chronicle of a Death Foretold", "Love in the Time of Cholera" and "Autumn of the Patriarch" - outsold everything published in Spanish except the Bible.
iv. His stories made him literature's best-known practitioner of magical realism, the fictional blending of the everyday with fantastical elements such as a boy born with a pig's tail and a man trailed by a cloud of yellow butterflies.
v. "The world has lost one of its greatest visionary writers - and one of my favorites from the time I was young," US President Barack Obama said.
Airtel names new CTO
i. Bharti Airtel has appointed Abhay Savargaonkar as its Chief Technology Officer for India operations. He will also be on the company's managing board.
ii. Abhay has been at Airtel for over a decade and is currently the Chief of Network Operations. He has held various senior leadership roles covering all network verticals, including leading the 3G planning and deployment, quality, network planning and being the CTO of mobile business when it was a standalone business.
iii. The new CTO comes in a time when telecom companies are looking at deploying multiple technologies to meet the challenges of offering data services.
ICICI Prudential MF launches 'Dividend Yield Equity Fund'
i. ICICI Prudential Mutual Fund is planning to launch a new open-ended 'ICICI Prudential Dividend Yield Equity Fund'.
ii. The new fund offer will open for subscription on April 25 and close on May 9, 2014, a company release said.
iii. Companies with a good track record of paying high dividends yields are seen as better investment options. Investing in such companies is also one of value investing strategies," Nimesh Shah, Managing Director & CEO, ICICI Prudential MF, said.
iv. The fund house also said the scheme will invest mostly in those companies that have dividend yield greater than the dividend yield of CNX Nifty Index at the time of investment.
v. ICICI Prudential MF has an average assets under management of Rs 1.06 lakh crore by the end of last fiscal.
Anand Mahindra, Banmali Agrawala appointed to USIBC Board
i. Anand Mahindra, Ellen Lord and Banmali Agrawal were on Friday appointed as board members of the US India Business Council (USIBC).
ii. While Mahindra is chairman & managing director of Mahindra & Mahindra, Ellen Lord is president & CEO of Extron Systems and Banmali Agrawala is president & CEO, South Asia, General Electric.
iii. Anand Mahindra, Ellen Lord and Banmali Agrawala bring an excellent combination of both business and civic leadership experience to this position," said USIBC chairman and MasterCard President and CEO Ajay Banga.
iv. In 1991, Mahindra was appointed deputy Managing Director of Mahindra & Mahindra, India's leading producer of tractors and off-road vehicles.
v. Agrawala is the president & CEO for GE South Asia and is responsible for all of GE's operations in the region. A veteran in the energy domain, Banmali has over 29 years of global experience.
Vietnam not to host 2019 Asian Games
i. Vietnam said on Friday it had decided against hosting the 2019 Asian Games for financial reasons, and was exploring procedures to withdraw from staging the region's largest sporting event.
ii. There was scant public jubilation when the communist country's capital was chosen in 2012 to host the showpiece competition and public sentiment has hardened against the move, with even tightly-controlled state-run newspapers criticising the move in recent weeks.
iii. Hanoi in November 2012 won the right to host the 2019 Asian Games, beating Indonesia's second city Surabaya after Dubai in the United Arab Emirates pulled out just before the vote.