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. We are giving here Current Affairs for CLAT exam for the month of April.
Abdelaziz Bouteflika won fourth time as the President of Algeria
i. Abdelaziz Bouteflika won the Presidency for the fourth time consecutively in Algeria on 18 April 2014. He belongs to National Liberation Front party.
ii. He won the presidential election with a huge 81 percent of the vote. In 2008, he won the elections with 90 percent of the vote.
iii. Ali Benflis, main opponent, received 12.18 percent of the total votes casted. Other opponents Abdelaziz Belaid and Louisa Hanoune received 3.03 percent and 1.37 percent of the votes respectively.
iv. Voters turnout stood at 51.3 percent of the registered voters which went down from the 75 percent in 2009.
v. In 1999, Bouteflika took office when Algeria was still in a civil war between the military and Islamist militants and restored some economic stability. In 2012, he surpassed Houari Boumedienne as the longest-serving President of Algeria.
vi. The president is elected for five years term by the people in Algeria. The presidentship was limited to two terms in the original constitution. However, the constitution was amended in 2008 to remove the term limits.
SEBI issues detailed corporate governance norms
i. SEBI came out with detailed corporate governance norms for listed companies providing for stricter disclosures and protection of investor rights, including equitable treatment for minority and foreign shareholders.
ii. The new rules, which would be effective from 1st October, require companies to get shareholders' approval for related party transactions, establish whistle blower mechanism, elaborate disclosures on pay packages and have at least a woman director on their boards.
iii. Sebi's norms issued on Thursday are aligned with the new Companies Act and is aimed to encourage companies to "adopt best practices on corporate governance".
iv. The capital market regulator has amended clauses -- 35B and 49 -- of the listing agreement.
i. Now, under changed 35B norms, listed companies are required to provide the option of facility of e-voting to shareholders on all resolutions proposed to be passed at general meetings.
ii. Under clause 49, pertaining to corporate governance, listed entities have to get shareholders' nod for related party transactions. It would be effective prospectively from 1st October onwards.
iii. "All existing material related party contracts or arrangements as on the date of this circular which are likely to continue beyond March 31, 2015 shall be placed for approval of the shareholders in the first general meeting subsequent to October 1, 2014," SEBI said in the circular on Thursday.
iv. The new norms also restrict the total tenure of an independent director to two terms of five years.
v. If a person has already served as an independent director for five years or more in a listed company till the date new norms come into effect, he would be eligible for appointment for one more term of five years only.
Doha Bank to purchase HSBC Bank Oman's business in India
i. Qatar-based Doha Bank has entered into an agreement with HSBC Bank Oman to purchase the latter’s banking business in India.
ii. HSBC Bank Oman is an indirect 51 per cent owned subsidiary of HSBC Holdings plc.
iii. Chairman of the Board of Directors of Doha Bank, Sheikh Fahad Bin Mohamed Bin Jabor Al Thani, said that all staff of this operation (the business) will be transferred to Doha Bank as a part of the purchase.
iv. Doha Bank was incorporated in 1978 and commenced its banking business (including its International Banking services) in Doha, Qatar on March 15, 1979.
David Ferrer beat Rafael Nadal at Monte Carlo Masters tennis tournament
i. At the Monte Carlo Masters tennis tournament, David Ferrer of Spain produced a major upset by defeating eight-time champion Rafael Nadal in the quarterfinals.
ii. The sixth seeded Ferrer beat the top seeded compatriot in straight sets 7-6, 6-4 on Friday. Ferrer will face Australian Open winner Stanislas Wawrinka today.
Ila Patnaik appointed as Principal Economic Advisor
i. Centre has appointed columnist and RBI Chair Professor at the National Institute of Public Finance and Policy, Ila Patnaik, as Principal Economic Advisor, a post that had been vacant since November 2013.
ii. The appointment assumes significance as Dr. Patnaik has in her columns by-and-large concurred with Reserve Bank Governor Raghuram Rajan’s policy stances. “
iii. The most important factor that favours success this time is Governor Raghuram Rajan,” Dr. Patnaik wrote days after Dr. Rajan’s appointment in a column on an RBI proposal about interest rate futures.
iv. More recently, in April she wrote: “His strategy of an aggressive attack on inflation, despite the scepticism often voiced in the Indian monetary policy debate about the effectiveness of monetary policy, was the right strategy and is yielding results.”
v. Ms. Patnaik did her Ph.D. in Economics from the University of Surrey, Guildford, U.K.
Note: The post of the Principal Economic Advisor was last held by Dipak Dasgupta, a former Lead Economist for India and South Asia at the World Bank.
Justice G Rohini becomes first woman Chief Justice of Delhi HC
i. Justice G Rohini has taken over as the first woman Chief Justice of Delhi High Court.
ii. She was administered the oath of office by Lieutenant Governor Najeeb Jung in New Delhi today.
iii. Before being elevated as Chief Justice, Justice Rohini was the senior most judge of the Andhra Pradesh High Court. With her joining, the strength of women judges at the Delhi High Court has increased to 10.
iv. Born in 1955, Justice Rohini studied at Osmania University in Hyderabad and then at the College of Law under Andhra University in Visakhapatnam.
v. She was enrolled as an advocate in December 1980 and later became chairman of the Andhra Pradesh State Bar Council.
vi. She was appointed a government pleader in the Andhra Pradesh High Court in 1995 and became additional judge in 2001 and permanent judge in 2002.
BCCI suggests three-man committee to SC to probe IPL scandal
i. Faced with a credibility crisis arising out of the IPL spot-fixing and betting scandal, the BCCI on Sunday suggested to the Supreme Court a three-member committee made up of eminent persons to probe the corruption case on the directives of the apex court.
ii. The all-powerful Working Committee of the Board in its emergent meeting in Mumbai decided to suggest names of former India all-rounder Ravi Shastri, former Calcutta High Court Chief Justice J N Patel and ex-CBI Director R K Raghavan as members of the probe committee.
iii. The SC has directed the BCCI in the last hearing of the case on April 16 to suggest names of persons who will conduct a "fair probe" into the IPL VI spot-fixing and betting scandal.
iv. On April 16, the Supreme Court had said that the BCCI should conduct a probe against N Srinivasan and 12 others in the betting and spot fixing scandal to maintain its institutional autonomy as the court cannot "close its eyes" to the allegations made by the Justice Mukul Mudgal committee.
Gopalakrishna takes charge as CAFRAL director
i. Reserve Bank of India (RBI) executive director G. Gopalakrishna has voluntarily retired from the service and joined as director of Centre for Advanced Financial Research and Learning (CAFRAL).
ii. CAFRAL, a not-for-profit organisation, is an independent body fully funded by the RBI.
iii. Mr. Gopalakrishna’s name was in the reckoning for Deputy Governor in place of Anand Sinha who retired in January. He was the senior most among nine executive directors who appeared before the search panel headed by RBI Governor Raghuram Rajan. However, R. Gandhi was selected for the post of Deputy Governor earlier this month.
iv. He was appointed as Executive Director on October 26, 2007, and looked after banking supervision, financial stability and communication before seeking retirement from the RBI. He also had a stint as the Executive Director of the Deposit Insurance & Credit Guarantee Corporation.
HDFC Bank set World Record for Blood collection in a single day
i. Housing Development Finance Corporation (HDFC) Bank set World record for Blood collection in a single day. The blood donation camp organised by HDFC Bank on 6 December 2013 was recorded in the Guinness Book of Records.
ii. The camp involved 61902 participants with 1115 blood donation camps held across 709 locations in the country. The camp has found a place in Guinness Book of Records as the largest such drive on a single day.
iii. With this HDFC became the first corporate firm to hold such recognition.
iv. Earlier in 2010 Shiv Sena, a political party of Maharashtra, was entered into the Guinness Book of Records for organizing the blood donation camps.
Note: According to the World Health Organisation (WHO), a country needs a minimum stock of blood equal to 1% of its population. This means India needs 12 million units of blood.
Stanislas Wawrinka beat Roger Federer to bag Monte Carlo Masters Tennis title
i. Stanislas Wawrinka has defeated former world number one Roger Federer to bag the Monte Carlo Masters Tennis title.
ii. In the all Swiss finals last evening, third seed Wawrinka beat Federer, 4-6, 7-6, 6-2 to win his maiden Monte Carlo title.
iii. America's top seeded Bryan brothers, Bob and Mike, won the Doubles trophy, beating the third seeded Croatian-Brazilian team of Ivan Dodig and Marcelo Melo, 6-3, 3-6, 10-8.
Shaik Abdul Hameed won the 2014 Thailand Tour title of Asian Bowling Federation
i. Shaik Abdul Hameed of India won the 2014 Thailand Tour title of Asian Bowling Federation (ABF) on 19 April 2014 at Blu-O Rhythm & Bowl Ratchayothinon in Bangkok, Thailand.
ii. With this Hameed became the first Indian to win the title of ABF. Hameed defeated Mahamood Al Attar of UAE 242-183 in the final.
The Unsung Hero of the NASA’s Apollo Program John C. Houbolt Died
i. The unsung hero of the NASA’s Apollo Program John C. Houbolt died on 20 April 2014 after the complications from Parkinson's disease. He was 95.
ii. He was an engineer in the Apollo Program. His contributions to the US space program were vital to NASA's successful Moon landing in 1969.
iii. Houbolt was the catalyst in securing US commitment to the science and engineering theory that eventually carried the Apollo crew to the moon and back safely.
iv. His efforts in the early 1960s are largely credited with convincing NASA to focus on the launch of a module carrying a crew from lunar orbit, rather than a rocket from Earth or a spacecraft while orbiting the planet.