January, 2015

Bravo quits Tests

West Indies all-rounder Dwayne Bravo has announced his retirement from Test cricket. The 31-year-old has played 40 Tests but had not suited up for the West Indies since December 2010. Bravo said he had already informed the West Indies Cricket Board (WICB) of his decision to retire from Tests but said he had made clear his desire to continue playing ODIs and Twenty20s. He bagged 86 wickets at an average of nearly 40.

Serena Williams beats Maria Sharapova to win Australian Open

Serena Williams won her 19th Grand Slam title, continued her unbeaten run in six Australian Open finals and extended her decade-long domination of Maria Sharapova with a commanding 6-3, 7-6 (5) win. She is now second only to Steffi Graf (22) on the list of major winners in the Open era.

Krishna Chaudhary appointed as the Director General of ITBP

Krishna Chaudhary is appointed as the Director General (DG) of the Indo-Tibetan Border Police (ITBP). He is an IPS officer of 1979-batch Bihar cadre and will be in office till June 2017.

Uniformity, innovation coming to credit data

In its bid to better the credit information landscape, the Reserve Bank of India (RBI) has directed all credit institutions to become members of credit information companies (CICs). Currently, there are four such companies in India—Credit Information Bureau (India) Ltd (Cibil), Equifax Credit Information Services Pvt. Ltd, Experian Credit Information Co. of India Pvt. Ltd and CRIF High Mark Credit Information Services Pvt. Ltd. According to the RBI’s report on furnishing credit information, India is ranked 28 in “getting credit” and the coverage of CICs accounts for only 19.8% of adult population, as against 100% in several countries.

India tops Credit Suisse Emerging Consumer Scorecard 2015

The formation of a strong government at the centre which triggered a major revival in consumer sentiment in 2014 saw India rank first in the Credit Suisse Emerging Consumer Scorecard 2015. The fifth annual Emerging Consumer Survey by the Credit Suisse Research Institute profiles consumer sentiment and its drivers across the emerging world providing insights regarding consumer sentiment and future consumption patterns. The survey showed India as having the lowest consumption of beer, meat and cigarettes, the lowest ownership of cars and lowest access to the internet.

Base year change pushes 2013-14 GDP growth to 6.9%

The Government, sharply revised India’s 2013-14 GDP growth estimate to 6.9 per cent from 4.7 per cent. The 2012-13 growth estimate was revised to 5.1 per cent from 4.5 per cent. The estimates released also follow a change in the base year for calculating national accounts to 2011-12 from 2004-05 in addition to the routine annual revision. The changes have reduced the gap between the way India calculates GDP and the methodology used by the International Monetary Fund.

Coal India stake sale fetches Rs. 22,600 crore

The Centre raised Rs 22,557.63 crore from the sale of its 10 per cent shareholding in Coal India (CIL). Of the total proceeds raised, Rs 11,360.11 crore came from insurance companies — both private sector and public sector including the Government-owned Life Insurance Corporation. With divestment drive, the Centre’s shareholding in CIL stands at 79.65 per cent.

Agni 5, successfully test-fired

India successfully test-fired its indigenously developed, inter-continental surface-to-surface nuclear capable ballistic missile Agni-5, which has a strike range of over 5000 kms and can carry a nuclear warhead of over one tonne, from Wheeler’s Island off Odisha. The three stage, solid propellant “missile was test-fired from a mobile launcher from the launch complex-4 of the Integrated Test Range (ITR) at about 8.06 hours. M V K Prasad is the director of the project.
About AGNI Series –
India has at present in its armoury of Agni series, Agni-1 with 700 km range, Agni-2 with 2000 km range, Agni-3 and Agni-4 with 2500 km to more than 3500 range. After a few more trials, Agni-5 will be inducted into the services.

Shekhar Sen appointed as Chairman of Sangeet Natak Akademi

Renowned music composer and actor Shekhar Sen is appointed as the Chairman of the Sangeet Natak Akademi (SNA). Shekhar Sen will succeed Leela Samson who resigned from the position on 5 September 2014. The post was lying vacant since October 2014.
Shekhar Sen:
•He is famous for his mono act musical plays Tulsi, Kabeer, Vivekananda, and Soordas.
•Shekhar Sen has received prestigious awards including Padma Shri Award in 2015, Safdar Hashmi Puraskar in 2001 for his contribution in field of theatre and V. Shantaram Lalit Kala Puraskaar in 2008.

India overtakes China as world’s leading gold consumer

India overtook China as the world’s biggest gold consumer in 2014 as global physical demand fell. Chinese gold demand slid by more than a third last year to a four-year low of 866 tonnes. Indian jewellery demand rose 14 percent last year to a record 690 tonnes, putting it back ahead of China as the world’s number one jewellery manufacturer.