Page-14 of Current Affairs - May, 2014

Maintain status quo on INS Vikrant: Supreme Court

May 8, 2014

The Supreme court has ordered maintenance of status quo on India’s first aircraft carrier INS Vikrant, which is on the brink of being converted into scrap. The court has issued notices to Ministry of Defence and other authorities concerned on the ..

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RBI allows minors over 10 years to operate bank accounts

May 8, 2014

As per the guidelines issued by the RBI, minors above 10 years of age have been allowed to open and operate independently savings bank account and use other facilities like ATM and cheque books. The central bank has taken this ..

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Don’t levy penalty if minimum balance is not maintained in bank account: RBI to banks

May 8, 2014

The RBI has asked banks not to impose penalties on customers who don’t maintain a minimum balance in any dormant account as part of a consumer protection initiative. A number of banks, including the State Bank of India, do not levy ..

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Rising NPAs is making public sector banks unfit for private Provident Fund deposits

May 8, 2014

Surging Non-Performing Assets (NPAs) have rendered public sector banks such as State of India (SBI), Punjab National Bank (PNB) and Canara Bank unfit to take deposits from non-government Provident Funds (PF). As per the current rules governing investments by PFs, ..

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Govt's nod not required to investigate corruption charges on senior bureaucrats: Supreme Court

May 8, 2014

As per the Supreme Court, the legal provision which makes approval of competent authority mandatory for CBI to investigate a corruption case against an officer of joint secretary-rank or above is invalid and unconstitutional and has the propensity of protecting ..

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Excavation suspended at Kerala’s Padmanabhaswamy Temple

May 6, 2014

Excavation activities which were being conducted by the Kerala Archeology Department to study the underground granite pavements, paths and artifacts at the Vadakke Nada (north entrance) of the treasure rich Padmanabhaswamy Temple at Thiruvananthapuram have been suspended by the five-member temple ..

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Finance Ministry: Withdrawal of fiscal stimulus programme in US will not affect much the foreign investments into India

May 6, 2014

The Finance Ministry has tried to lessen fears that the withdrawal of fiscal stimulus programme in the US will affect foreign investments into India. A report by the Finance Ministry alleviates the fears saying India is an attractive destination with its ..

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Gary Becker, economist and winner of Nobel Prize passed away

May 6, 2014

Gary Becker (83), a professor in University of Chicago who was conferred the Nobel Prize in economic sciences in 1992, passed away. He is credited for his path-breaking approach to economics as the study of human behavior. Becker applied his economic ..

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“Sarvada Vijay”: Indian Army’s desert exercise conducted to tests its fighting skills

May 6, 2014

Indian Army conducted “Sarvada Vijay” combat drill in West Rajasthan as part of regular training aimed at honing war-fighting skills in temperatures as high as 45 degree Celsius. Composite infantry and mechanized forces practised swift manoeuvres as part of the ..

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NASA to grow plants on International Space Station (ISS)

May 6, 2014

The US space agency NASA plans to grow plants on the International Space Station (ISS) by the end of year 2014. Astronauts on board will be able to grow plants with the help of the Veggie “plant pillows” taken to the ISS ..

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