Page-17 of Current Affairs - May, 2014

SC upholds constitutional validity of Right to Education Act

May 10, 2014

The constitutional validity of Right to Education Act (RTE Act) has been upheld by the Supreme Court. RTE Act mandates that 25% seats in all schools be reserved for the economically disadvantaged children. As per the Supreme Court decision: The 93rd ..

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El Nino effect may shrink India's GDP by 1.75%: Assocham

May 10, 2014

As per a report by the Associated Chambers of Commerce and Industry of India (ASSOCHAM), the 5% deficiency in rains due to possible El Nino factor in this monsoon could impact India’s Gross Domestic Product (GDP) by 1.75% in the ..

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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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