Page-16 of Current Affairs - May, 2014

RuPay, India’s indigenous card payment network launched

May 11, 2014

Rupay, India’s own payment gateway was launched to compete with networks such as Visa and Mastercard. The indigenous network will work on ATMs and merchant outlets and help in bringing down cash transactions. The RuPay is a blend of two ..

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Supreme Court allows Tamil Nadu to raise Mullaperiyar height

May 10, 2014

The Supreme Court has given permission to Tamil Nadu to raise the height of a 116-year-old Mullaperiyar Dam from 136 feet to 142 feet quashing the objections raised by Kerala which opposed the move citing safety concerns of the dam ..

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Supreme Court bans use of bulls in sports

May 10, 2014

The Supreme Court put a ban on the use of bulls and bullocks in sports. These animals have been used in sports like Jallikattu (traditional bull fight of Tamil Nadu) and bullock-cart race (Maharashtra) for centuries. The court banned use ..

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DGCA grants Flying License to AirAsia India

May 10, 2014

India’s aviation regulator DGCA granted flying license or Air Operator’s Permit (AOP) to the new airline AirAsia India. AirAsia India plans to have a 10-aircraft fleet within a year of start of its operations and these planes would be drawn ..

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DGCA directs airlines to track flights in real time

May 10, 2014

The Directorate General of Civil Aviation (DGCA), in its directives, has made it mandatory for airlines and private operators to track their aircraft’s flight on real-time basis and ensure that necessary devices are functional before take-off. As per the instructions ..

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'Do not charge penalty on pre-payment of floating loans': RBI to Banks

May 10, 2014

The RBI gave relief to borrowers as it directed banks not to levy any penalty on individual borrowers for pre-payment of floating loans. The central bank has barred banks from imposing foreclosure charges or pre-payment penalties on all floating rate ..

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Indian Navy operationally deploys INS Vikramaditya

May 10, 2014

As per the announcement made by Chief of the Naval Staff Admiral Robin Kumar Dhowan, the newly inducted aircraft carrier, INS Vikramaditya, is now operationally deployed and its integral MiG-29K fighters have been fully integrated with the carrier. The 44,500-tonne aircraft ..

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Thailand court sacks PM Yingluck Shinawatra

May 10, 2014

The Prime Minister of Thailand, Yingluck Shinawatra and several cabinet ministers have been ordered to resign by the Constitutional Court of the country. The court ordered that Ms Yingluck acted illegally when she transferred her national security chief Thawil Pliensri to another ..

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