20-21 December 2014 Current Affairs Article Updated on 21 Dec, 2014 170 Times Read. 1) Which team won the inaugural edition of the Indian Super League (ISL) which concluded on 20 December 2014? – Atletico de Kolkata Explanation: Atletico de Kolkata defeated Kerala Blasters by 1-0 in the final of the inaugural edition of ISL played at Mumbai’s D.Y. Patil Stadium on 20 December. The solitary goal for Kolkata was scored by substitute Mohammad Rafique in the 94th minute, a minute before the second half injury time was slated to end. The final was billed as a clash between cricketing heroes Sachin Tendulkar – co-owner of the Kerala side – and Atletico De Kolkata part-owner Sourav Ganguly. ISL is India’s first real professional football league featuring some top international names. In its inaugural edition, which started on 12 October 2014, eight teams took part – Atlético de Kolkata (Kolkata), Chennaiyin (Chennai), Delhi Dynamos (Delhi), FC Goa (Goa), Kerala Blasters (Kerala), Mumbai City (Mumbai), NorthEast United (Guwahati) and Pune City (Pune). ISL is owned by Reliance Industries Limited (RIL) and International Management Group (IMG). ………………………………………………………………………………. 2) In an important development on 19 December 2014 Indian scientists claimed achieving self-reliance in development of which armament after successfully testing it? – Glide Bomb Explanation: Glide Bomb relies on small control surfaces which direct the weapon towards a target as it progressively loses altitude after being released from an aircraft. Unlike missiles, glide bombs have no onboard motor and are therefore far cheaper to build and maintain than missiles. On 19 December 2014 India tested a one ton indigenously-developed glide bomb in the Bay of Bengal off the coast of Odisha which successfully hit a target 100 kms away. The bomb was dropped by an Indian Air Force aircraft. It was developed by multiple centres linked to the Defence Research and Development Organisation (DRDO). ………………………………………………………………………………. 3) The Mid-Year Economic Review for fiscal year 2014-15 was tabled in the Lok Sabha on 19 December 2014. According to this review the Indian economy is expected to record what growth rate during the year? – 5.5% Explanation: The Mid-Year Economic Review (2014-15) was prepared by Arvind Subramanian, Chief Economic Advisor in the Finance Ministry. In the review it was stated that adhering to the fiscal deficit target of 4.1% of GDP is a major challenge for the government. The Finance Ministry is now betting big on a pick-up in economic activity in the second half of the year. ………………………………………………………………………………. 4) India on 20 December 2014 exported its first warship – CGS Barracuda to Mauritius. Which ship-building company of the country has built this warship? – Garden Reach Shipbuilders and Engineers Limited (GRSE) Explanation: Kolkata-based Garden Reach Shipbuilders and Engineers Limited (GRSE) is a public sector undertaking (PSU) and has so far made 92 warships for the Indian Navy and Coast Guard. Coast Guard Ship Barracuda (CGS Barracuda) is an offshore patrol vessel measuring measures 74.10 m in length. It is capable of moving at a maximum speed of 22 knots with an approximate displacement of 1350 tonnes. The handing over ceremony of the warship was attended by Minister of State for Defence Rao Inderjit Singh. ………………………………………………………………………………. 5) The RBI Deputy Governor H R Khan on 19 December 2014 stated that RBI will come out with norms on easing the two-factor authentication requirement for small value transactions in a couple of months. What is the limit for small value transactions as proposed by the RBI for same? – Rs. 3,000 Explanation: RBI is looking at removing the two-factor authentication requirement for small value transactions up to Rs. 3,000 to facilitate easy transactions especially in the wake of e-commerce transactions gaining traction. ………………………………………………………………………………. 6) E-commerce major Flipkart on 20 December 2014 filed application to become a public company. Flipkart is being based operated through which country from where it is now being incorporated as a public company? – Singapore Explanation: Flipkart announced filing application with Singapore based companies’ regulator ACRA to become a public company after raising $700 million for long term strategic investments in India. Following this latest investment round its number of investors exceeded 50 and public incorporation is a mandatory procedure for all companies where the number of shareholders exceeds 50. Flipkart was founded in 2007 by Sachin Bansal and Binny Bansal. Legally, Flipkart is a Banglore based company but majority of its shareholders and investors are foreigners. It is presently India’s largest e-retail company and is valued over $10 billion. ………………………………………………………………………………. 7) The name of the co-founder of SpiceJet came to news for leading a $240 million rescue effort to pull the airline from the brink of collapse. Who is he? – Ajay Singh Explanation: Ajay Singh was one of the co-founders of SpiceJet and he had helped set up the airline in 2005. SpiceJet is presently India’s second-largest budget airline but it has been struggling for months. When Kalanithi Maran bought 58.4% stake in SpiceJet in 2010, it was the most profitable airline in the Indian skies. But a series of bad decisions including replacing professionals with family and friends to run the airline have put the carrier in deep trouble. Ajay Singh owns roughly 5% of SpiceJet and is leading talks with private equity firms and the government to hammer out the deal to rescue it. ……………………………………………………………………………….
Posted on: Sun, 21 Dec 2014 04:48:41 +0000
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