Current Affairs Update (25 Oct 2014) 1) What is the name of the China-backed Asian infrastructure bank that was launched on 24 October 2014 and is seen as a challenge to the World Bank (WB) and Asian Development Bank (ADB)? – Asian Infrastructure Investment Bank (AIIB) Explanation: The AIIB was launched in Beijing at a ceremony attended by Chinese Finance Minister Lou Jiwei and delegates from 21 countries including India, Thailand and Malaysia. The MOU for the proposed bank was signed on this occasion. China is set to be its largest shareholder with a stake of up to 50%. However, three major countries, Australia, Indonesia and South Korea, were absent from this launch ceremony. AIIB, which is expected to start its operation from 2015, is being seen as the new rival to Western-dominated multilateral lenders. The main objective of AIIB will be to give project loans to developing nations. ………………………………………………………………………….. 2) In an important developed the 28-nation European Union (EU) on 24 October 2013 struck a deal on a new target to cut carbon emissions. What is this new agreed target that was reached at Brussels after long stretch of discussions? – To cut carbon emissions in year 2030 by at least 40% from levels in the benchmark year of 1990 Explanation: It is worth noting that an existing goal of a 20% cut by year 2020 has already been nearly met. The EU accounts for about a tenth of world greenhouse gas emissions and has generally done more than other major industrial powers to curb the gases blamed for global warming. But environmentalists have been complaining that the deal could still leave the EU struggling to make the at least 80% cut by 2050 that its own experts say is needed to limit the rise in global average temperatures to two degrees Celsius. ………………………………………………………………………….. 3) The Union Government on 24 October 2014 constituted a committee to function as a think-tank to help draft a new National Intellectual Property Rights Policy (National IPR Policy). Who is heading this think-tank? – Justice Prabha Sridevan Explanation: The main task of this committee will be to fine tune country’s IPR policy and advice it on issues related to intellectual property. It will also highlight anomalies in the present IPR legislations and advice the Department of Industrial Policy and Promotion (DIPP) on possible solutions. The committee was constituted by the DIPP, which will co-ordinate with it to identify areas in intellectual property where study needs to be conducted. Other members of the committee include Narendra K Sabarwal, former Deputy Director General of World Intellectual Property Organisation, Rajeev Srinivasan, Director, Asian School of Business, Advocate Pratibha Singh, Advocate Punita Bhargava and Cadila Pharma’s Unnat Pandit. ………………………………………………………………………….. 4) Which surfacing of 3 more cases of Polio in Pakistan, the number of polio victims in the country during 2014 went up to 220. Pakistan is one of the three countries where polio remains endemic. Which are the other two countries? – Afghanistan and Nigeria Explanation: The World Health Organization (WHO) announced the surfacing of 3 more polio victims in Pakistan on 24 October 2014, a day when many nations observed World Polio Day to create awareness about polio. Most of the polio cases in Pakistan were detected in the county’s northwest, where Pakistani Taliban has banned immunizations and attacked polio vaccination teams in recent years. ………………………………………………………………………….. 5) Who was appointed as the Chief Executive Officer (CEO) of WalMart India on 24 October 2014? – Murali Lanka Explanation: WalMart India is the fully owned Indian subsidiary of the world’s biggest retailer Wal-Mart Stores Inc. Murali Lanka will lead store operations, sales and business development, membership and marketing and asset protection functions for the Best Price Modern Wholesale stores. ………………………………………………………………………….. 6) S.S. Rajendran, who passed away on 24 October 2014 at Chennai at the age of 85, was associated with which field? – Films Explanation: S.S. Rajendran was a Tamil actor of yesteryears and was the contemporary of legendary actor Shivaji Ganeshan. Some of his famous movies were ‘Ratha Kanner’, ‘Rangoon Radha’ and ‘Sivagangai Seemai’. He was also involved in Tamil politics for some time. ………………………………………………………………………….. For more Information visit on link:
Posted on: Tue, 28 Oct 2014 04:22:36 +0000
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