Current Affairs 27 Oct 2014 **************************** 1.India no more on thefragile five countries list-IMF. I.Morgan Stanley coined the phrase “fragile five†in August 2013 to describe the currencies, which are particularly vulnerable because of their dependence on foreign investment to fund current-account deficits. II.Turkey, Brazil, India, South Africa and Indonesia comes in this list. III.India now is best prepared in emerging markets to deal with the US federal reserves monetary policies. IV.IMF also raised its 2014 india growth forecast to 5.6% as against its 5.4% april projection. V.Fed’s tapering had led Indian rupee to become volatile and there was surge in CAD. VI.Now CAD is down from 4.7% to 1.7 of the GDP, an impressive figure a/c to IMF. -------------------------------------------- 2.After cyclone HUDHUDits cyclone NILOFAR to hit India. I.Nilofar developed in the Arabian sea is expected to hit the north western region of gujrat. II.The state administration is on alert and getting prepared and equipped to meet the emergency. III.It may bring atmospheric changes such as rain and strong winds a/c to IMD. IV.Earlier Hudhud caused extensive damage to the city of Visakhapatnam and the neighboring districts of vizianagaram and srikakulam.Damages were estimated to be around 60,000 crores. --------------------------------------------- 3.Small factories Bill proposedto govern wages and conditions of work in SMEs. I.Reduces no. of compliances forms. II.Removes bar on women operating certain machines. III.Increases permissible overtime hours. IV.Increases laws to exempt factories from maintaining registers, filing returns. V.SMEs account for over 30% industrial production. -------------------------------------------- 4.Manohar lal khattarsworn in as10th CM of Haryana. I.It’s the first ever bjp government in Haryana. II.Mr khattar was an rss prachark. III.He is a first time legislator, who won the karnal seat. ---------------------------------------------- 5.Vietnam,s PM Nguyen tan duangon a two day visit to india. I.This visit will be important for india’s interest in the south china sea. II.India will sign an MoU on prospecting by OVL(ONGC videsh ltd.) in two fields of south china sea. III.Discussions will be held on supplying naval vessels to Vietnam. IV.The agreement will also include oil exploration, economic and cultural cooperation --------------------------------------------- 6.Former union ministerjairam ramesh to chair global research panelon sustainable development-future earth engagement committee. I.Committee is instituted by organizations which includes UNEP,UNESCO and WMO. II.The Engagement Committee is a strategic advisory group of thought-leaders from stakeholder groups including business, policy and civil society, representing the diversity of societal partners needed to address the challenges of global environmental change. III.Jairam Ramesh, was a member of the UN Secretary Generals High-Level Global Sustainability Panel between 2011 and 2012, and played a key role in the UN Climate Change Conferences at Copenhagen (2009) and Cancun (2010), has published widely on economic development, energy, environment, globalisation and India-China relations. ----------------------------------------------- 7.1ST Parliamentry electionsin Tunisia. I.Tunisians threw their dictator in 2011 revolution which started the Arab spring. II.The Arab Spring was a series of anti-government protests, uprisings and armed rebellions that spread across the Middle East in early 2011. III.Elections are also going on in Brazil and Ukraine
Posted on: Tue, 28 Oct 2014 03:20:58 +0000
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