Ads by Google

Showing posts with label CURRENT GK. Show all posts
Showing posts with label CURRENT GK. Show all posts

Sunday, July 2, 2017

Goods and Services Tax (GST)

GST is a unified taxation system which would end multiple taxation across the states and create a level playing field for businesses throughout the country, much like the developed nations. It is a multi-stage destination-based tax which will be collected at every stage, starting from procuring the raw material to selling the final product. The credit of taxes paid at the previous stage(s) will be available for set-off at the next stage of supply. Being destination or a consumption based, the GST will also end multiple taxes levied by Centre and the State Governments like Central Excise, Service Tax, VAT, Central Sales Tax, Octroi, Entry Tax, Luxury Tax and Entertainment Tax etc.  This will lower the overall tax burden on the consumer and will benefit the industry through better cash flows and working capital management. Currently, 17 State and Central levies are being applied on goods as they move from one State to the other.


Different estimates peg the net advantage to the Gross Domestic Product, up to two percentage points.  The GST regime is also expected to result in better tax compliance, thereby increasing its revenue and narrowing the Budget deficit. All the imported goods will be charged Integrated Goods & Services Tax (IGST) which is equivalent to the Central GST + State GST. This will bring equality with taxation on local products.

Mainly, there will be three types of taxes under the GST regime: Central Goods and Services Tax (CGST), State (or Union Territory) Goods and Services Tax (SGST) and Integrated Goods and Services Tax (IGST). Tax levied by the Centre on intra-State supply of goods or services would be called the CGST and that to be levied by the States and Union Territories(UTs) would be called the SGST respectively. The IGST would be levied and collected by the Centre on inter-State supply of goods and services. Four supplementary legislations approving these taxes, namely the Central GST Bill, the Integrated GST Bill, The GST (Compensation to States) Bill, and the Union Territory GST Bill were passed by the Lok Sabha in May this year, making the realisation of 1st July, 2017 deadline a reality.

All the matters related to the GST are dealt upon by the GST Council headed by the Union Finance Minister while all the State Finance Ministers are its Members. The GST Council also has a provision to adjudicate disputes arising out of its recommendation or implementation thereof.


The GST Council has fixed four broad tax slabs under the new GST system - 5 per cent, 12 per cent, 18 per cent and 28 per cent. On top of the highest slab, there is a cess on luxury and demerit goods to compensate the States for revenue loss in the first five years of GST implementation. Most of the goods and services have been listed under the four slabs, but a few like gold and rough diamonds have exclusive tax rates. Also, some items have been exempted from taxation. The essential items have been kept in the lowest tax bracket, whereas luxury goods and tobacco products will invite higher tax.


Many countries in the world switched to a unified taxation system very early. France was the first country to do so in 1954 and many others followed, some by implementing GST and others by using a different form of Value Added Tax (VAT). In India, the discussion on GST started in the year 2000, in the NDA Government led by the former Prime Minister, Shri Atal Bihari Vajpayee. Finally, after 17 years of consensus building, 101st Constitution Amendment Bill was passed by Parliament in 2016. The States had apprehension of reduction in their revenue and their desire to keep some lucrative goods out of the GST baskets like alcohol, petroleum and real estate among others.


From agarbattis (incense sticks) to luxury cars - all these goods will be taxed under different slabs. Movie tickets costing less than Rs 100 have been kept in the 18% GST slab while those over Rs 100 will attract 28% tax under GST. Tobacco products have been kept under a higher tax bracket. Industries such as textiles and, gems and jewellery are subject to a GST rate of 5%

The Government has shown its strong determination and stuck to implementing the GST with effect from 1st July, 2017. The road ahead would require a lot of resolve by the implementing agencies like the Goods and Services Network, states and the industry.    To sail through initial hiccups and successfully steer the ship of the economy, the Government needs to show the same determination and courage. A bold initiative like GST taken for the welfare of the country must lead to a grand success.

Sunday, March 12, 2017

National Testing Agency (NTA)

The Union Human Resource Development Ministry has announced to set up a National Testing Agency (NTA) department to conduct examinations for higher and secondary.
Initially, examinations like IIT, NIT and even university exams will be conducted by the NTA. An open web-based platform 'SWAYAM' will be launched by next month. The two thousand courses will be run for students across the country through SWAYAM.

Digital Payment of Salaries

The Lok Sabha has passed the Payment of Wages (Amendment) Bill, 2017 on 7th Feb 2017, which allows for digital payment of salaries or through cheque. The bill will now go to Rajya Sabha and following its passage in the upper House, the amendments will be notified.
The move will enable employers to pay wages of less than Rs.18,000 a month by cheque or digitally to bank accounts, besides in cash, by doing away with the requirement of employees' written consent for the same.

Namami Gange programme

Centre has formed a committee to expedite the implementation of its ambitious Namami Gange programme under which it plans to free the Ganga River of waste by 2018.
More than 2700 villages have been declared as open-defecation free out of 4 291 marked villages along the main stem of the river.

TAMRA Portal

The Union Govt has launched TAMRA (Transparency, Auction Monitoring and Resource Augmentation) portal and Mobile Application on 10th February, 2017 with an objective to enhance transparency and accountability as a part of the Ease of Doing Business in the Mining sector.

BHIM app

The Bharat Interface for Money (BHIM) app has been launched on the iOS platform after its successful launch on android platform.  On iOS it is currently supporting over 35 banks and is currently available in Hindi and English
BHIM app on iOS also has a limit of Rs 10, 000 per transaction and Rs20, 000 in a day for transfers through the bank account.

Monday, March 7, 2016

Republic Day chief guests

Name of the Guest
2016President, Francois HollandeFrance
2015President, Barack Obama
(First U.S. President to be invited)
2014Prime Minister, Shinzo AbeJapan
2013King, Jigme Khesar Namgyel WangchuckBhutan
2012Prime minister, Yingluck ShinawatraThailand
2011President, Susilo Bambang YudhoyonoIndonesia
2010President, Lee Myung BakRepublic of Korea
2009President, Nursultan NazarbayevKazakhstan
2008President, Nicolas SarkozyFrance
2007President, Vladimir PutinRussia
2006King, Abdullah bin Abdulaziz al-SaudSaudi Arabia
2005King, Jigme Singye WangchuckBhutan
2004President, Luiz Inacio Lula da SilvaBrazil
2003President, Mohammed KhatamiIran
2002President, Cassam UteemMauritius
2001President, Abdelaziz BouteflikaAlgeria
2000President, Olusegun ObasanjoNigeria
1999King, Birendra Bir Bikram Shah DevNepal
1998President, Jacques ChiracFrance
1997Prime Minister, Basdeo PandayTrinidad and Tobago
1996President, Dr. Fernando Henrique CardosoBrazil
1995President, Nelson MandelaSouth Africa
1994Prime Minister, Goh Chok TongSingapore
1993Prime Minister, John MajorUnited Kingdom
1992President, Mário SoaresPortugal
1991President, Maumoon Abdul GayoomMaldives
1990Prime Minister, Anerood JugnauthMauritius
1989General Secretary, Nguyen Van LinhVietnam
1988President, Junius JayewardeneSri Lanka
1987President, Alan GarciaPeru
1986Prime Minister, Andreas PapandreouGreece
1985President, Raúl AlfonsínArgentina
1984King, Jigme Singye WangchuckBhutan
1983President, Shehu ShagariNigeria
1982King, Juan Carlos ISpain
1981President, Jose Lopez PortilloMexico
1980President, Valéry Giscard d’EstaingFrance
1979Prime Minister, Malcolm FraserAustralia
1978President, Patrick HilleryIreland
1977First Secretary, Edward GierekPoland
1976Prime Minister, Jacques ChiracFrance
1975President, Kenneth KaundaZambia
1974President, Josip Broz TitoYugoslavia
Prime Minister, Sirimavo Ratwatte Dias BandaranaikeSri Lanka
1973President, Mobutu Sese SekoZaire
1972Prime Minister, Seewoosagur RamgoolamMauritius
1971President, Julius NyerereTanzania
1969Prime Minister, Todor ZhivkovBulgaria
1968Prime Minister, Alexei KosyginSoviet Union
President, Josip Broz TitoYugoslavia
1965Food and Agriculture Minister, Rana Abdul HamidPakistan
1963King, Norodom SihanoukCambodia
1961Queen, Elizabeth IIUnited Kingdom
1960President, Kliment VoroshilovSoviet Union
1958Marshall Ye JianyingPeople’s Republic of China
1955Governor General, Malik Ghulam Muhammad
(First guest for parade at Rajpath)
1954King, Jigme Dorji WangchuckBhutan
1950President, SukarnoIndonesia


Union Government has declared the names of latest 98 cities for its ambitious Smart Cities Project.
RanksSmart CitiesState
7JabalpurMadhya Pradesh
8VisakhapatnamAndhra Pradesh
11IndoreMadhya Pradesh
12New Delhi Municipal CorporationNew Delhi
13CoimbatoreTamil Nadu
14KakinadaAndhra Pradesh
18ChennaiTamil Nadu
20BhopalMadhya Pradesh
Facts on Smart Cities:
  • Thirteen of them are in the WHO list of the 20 most polluted cities in the world.
  • None of the cities are from Uttar Pradesh, Bihar and West Bengal. On the other hand, some states have two or more nominees – Madhya Pradesh, Rajasthan, Karnataka, Gujarat, Tamil Nadu, Maharashtra and Andhra Pradesh.
  • The cities not named today will be asked to get their act together, focus on deficiencies and prepare for Round 2 of announcements in April.
  • The prime minister had described Smart Cities as those with “very high quality of life comparable with any developed European city”.

Sunday, January 25, 2015

Current Affairs 2014 at a glance

❖ Latvia adopted the Euro currency on January 1, 2014 and became the 18th member of the Eurozone.

❖ Corey Anderson of New Zealand scored the fastest century in One Day International cricket history on January 1, 2014. He scored a hundred in just 36 deliveries against the West Indies. He beat the previous record of 100 off 37 balls set by Shahid Afridi of Pakistan in 1996.

❖ Sheikh Hasina was sworn in on January 12, 2014 for the third time as Bangladesh's Prime Minister. Her party is Awami League.

❖ India's first monorail service was started in Mumbai on February 2, 2014.

❖ Cricket legend Sachin Tendulkar and eminent scientist CNR Rao were conferred the Bharat Ratna, the highest civilian award of India on February 4, 2014. The award was announced on November 16, 2013.

❖ Harish Rawat was sworn in as the Chief Minister of Uttarakhand on February 1, 2014.

❖ 'Chronicles of a Corpse Bearer' is a book written by Cyrus Mistry, which won the DSC Prize for
South Asian Literature at the Jaipur Literary Festival 2014. This award in 2013 was won by Jeet Thayil for his novel 'Narcopolis'.

❖ Stanislas Wawrinka of Switzerland beat Spain's Rafael Nadal to win the 2014 Australian Open men's singles tennis title. Li Na of China won the women's singles title by defeating Dominika Cibulkova of Slovakia.

❖ The prestigious Padma Awards for 2014 were announced which includes Padma Vibhushan for two individuals, Padma Bhushan for 24 and Padma Shri for 101 people. Out of 127 awardees 27 are women. Padma Vibhushan awardees are Raghunath Mashelkar (Science & Engineering) and yoga guru B.K.S. Iyengar.

❖ Shinzo Abe became the first Japanese Prime Minister to be the chief guest at India's 65th Republic Day celebrations on January 26, 2014.

❖ Janet Yellen is the first woman ever to head the United States central bank Federal Reserve.

❖ Sub-Inspector K. Prasad Babu was conferred the Ashok Chakra posthumously on the 65th Republic Day by the President Pranab Mukherjee. K. Prasad Babu was from Andhra Pradesh. He was given this award for an anti-Maoist operation near Andhra Pradesh- Chhattisgarh border. Ashok Chakra is India's highest peacetime gallantry award.

❖ Matteo Renzi became the youngest Italian Prime Minister in February 2014. He is 39 years old.

❖ Sushil Koirala assumed office as the Prime Minister of Nepal on February 11, 2014. He is also the President of the Nepali Congress Party.

❖ N.Ramachandran was elected the new President of the Indian Olympic Association (IOA) in February 2014. He is also the World Squash Federation President.

❖ Satya Nadella, an Indian American, was appointed the Chief Executive Officer of Microsoft on
February 4, 2014. He succeeded Steve Ballmer.

❖ Former Supreme Court judge Ashok Kumar Mathur has been appointed the Chairman of the
7th Pay Commission.

❖ Eminent Gandhian and environmentalist Chandi Prasad Bhatt was selected for the 2013 Gandhi Peace Prize. He is one of the pioneers of the Chipko movement. He was awarded the Ramon
Magsaysay Award in 1982.

❖ Famous Hindi writer Vishwanath Tripathi has been selected for the prestigious Vyas Samman for the year 2013 for his memoir 'Vyomkesh Darvesh'. Vyas Samman is a literary award given by
the K.K. Birla Foundation.

❖ Odia became the sixth language to get classical language status after Sanskrit, Tamil, Telugu,
Kannada and Malayalam.

❖ The Expert Committee to Revise and Strengthen the Monetary Policy Framework, headed by RBI Deputy Governor Urjit Patel suggested the central bank to adopt the new consumer price index for anchoring the monetary policy.

❖ Facebook announced its acquisition of WhatsApp Inc. for $19 billion. WhatsApp was founded in 2009 by Brian Acton and John Koum. It is an instant messaging app for smartphones.

❖ The Winter Olympics were held in Sochi, Russia in February 2014. Russia topped the medals table with13 gold, 11 silver and 9 bronze. It won a total of 33 medals. India did not win any medal. Next Winter Olympics will be held in Pyeongchang in South Korea in 2018.

❖ Michelle Bachelet was sworn in as the President of Chile on March 11, 2014. She already served as the President once from 2006 to 2010.

❖ The third edition of the Nuclear Security Summit (NSS) was held in The Hague, Netherlands in March 2014. The NSS aims to prevent nuclear terrorism by reducing the amount of dangerous
nuclear material in the world.

❖ Renowned Hindi author Govind Mishra was selected for the Saraswati Samman for the year 2013 for his book "Dhool Paudho Par". He is the second Hindi author to receive the honor after the late Harivansh Rai Bachchan in 1991.

❖ ESPN cricinfo presented the Cricketer of the Generation award to Sachin Tendulkar.

❖ The International Women of Courage Award 2014 was presented by the US first lady Michelle Obama to Laxmi, a Delhi acid attack survivor.

❖ Mortal remains of about 282 Indian soldiers of 1857 mutiny were exhumed from a well at Ajnala
in Amritsar district of Punjab in March 2014.

❖ The Reserve Bank of India had extended the deadline for Indian banks to meet capital requirements under the Basel III norms by a year to March 31, 2019.

❖ Mizoram defeated Railways to win the 68th Santosh Trophy Football championship in Siliguri in
March 2014. It is the maiden Santosh Trophy title for Mizoram.

❖ Viswanathan Anand won the World Candidates chess tournament title at Khanty Mansisyk, Russia.

❖ Khushwant Singh, a renowned author, passed away on March 20, 2014. He authored books such as 'Train to Pakistan', 'With Malice towards One and All', 'The Sunset Club', 'Truth, Love and a Little Malice', etc.

❖ Eminent film lyricist Gulzar was chosen for the coveted Dadasaheb Phalke Award for 2013. This award is the highest film award in India.

❖ The people of Crimea voted to become part of Russia in a referendum in March 2014. The leaders of Group of Eight (G8) countries suspended Russia from the group on the issue of annexation of Crimea by Russia. Crimea was separated from Ukraine.

❖ The third Bay of Bengal Initiative for Multi Sectoral, Technical and Economic Cooperation (BIMSTEC) Summit was held in Nay Pyi Taw, Myanmar in March 2014. India, Bangladesh, Bhutan, Nepal, Sri Lanka, Myanmar and Thailand are the seven members of this group. Sumith Nakandala of Sri Lanka is the Secretary General. The Secretariat of BIMSTEC is established in Dhaka, Bangladesh.

❖ Assam is the first State in India to observe Child Protection Day to secure the future of children
on March 4, 2014.

❖ The armies of Nepal and India held a joint military exercise named Surya Kiran VI in Nepal.

❖ Admiral Robin K. Dhowan assumed office as the Chief of Naval Staff on April 17, 2014. He succeeded Admiral D.K. Joshi.

❖ R. Gandhi has been appointed as a Deputy Governor of Reserve Bank of India. RBI has four deputy governors.

❖ The 2014 Goldman Environmental Prize was awarded to Ramesh Agrawal of Chhattisgarh.

❖ Koyal Rana won the Miss India 2014 crown.

❖ India - born poet Vijay Seshadri won the 2014 Pulitzer Prize in the poetry category for his collection of poems "3 Sections".

❖ Ex-coal secretary P.C. Parakh released his book titled "Crusader or Conspirator? Coalgate and Other Truths".

❖ Gabriel Garcia Marquez, the Colombian novelist, died on April 17, 2014. He won the Nobel Prize in Literature in 1982. His major books include One Hundred Years of Solitude, Autumn of the Patriarch, Chronicle of a Death Foretold and Love in the Time of Cholera.

❖ Renowned cinematographer V.- K. Murthy passed away. He won the Dadasaheb Phalke Award for the year 2008. He shot India's first cinemascope movie 'Kagaz ke Phool'.

❖ RBI gave approvals to IDFC Ltd and Bandhan Financial Services Private Limited to start new banks. IDFC is an infrastructure finance company based in Mumbai and Bandhan is a micro lender based in Kolkata.

❖ Sun Pharmaceuticals will buy Ranbaxy Laboratories.

❖ Sri Lanka won the World Twenty 20 title for the first time defeating India by six wickets in Mirpur, Bangladesh in April 2014.

❖ Australian women cricket team won the Women's World Twenty 20 Cup 2014 by defeating England in the final in Mirpur, Bangladesh. This is the third successive Women's World Twenty20 title for Australia.

❖ Narendra Damodardas Modi was sworn in as the 15th Prime Minister of India on May 26, 2014.
The swearing in ceremony at Rashtrapati Bhavan was attended by the heads/ representatives of eight SAARC nations. Along with Modi 44 Ministers also took oath.

❖ The Bharatiya Janata Party (BJP) became the first party in 30 years to win a majority on its
own in the Lok Sabha. In the 16th Lok Sabha elections it won 282 seats. Indian National Congress won 44 seats.

❖ Anandiben Patel became the first woman Chief Minister of Gujarat in May 2014. Sikkim Democratic Front leader Pawan Chamling was sworn in as the CM of Sikkim for a record fifth consecutive term. Biju Janata Dal president Naveen Patnaik was sworn in as the CM of Odisha for the fourth consecutive term. Congress leader Nabam Tuki became the CM of Arunachal Pradesh for the second consecutive time.

❖ Jitan Ram Manjhi succeeded Nitish Kumar as the new CM of Bihar. TR Zeliang succeeded Neiphiu Rio as the CM of Nagaland.

❖ 13 - year-old Malavath Purna became the youngest female climber to scale the Mount Everest on May 25, 2014.

❖ Dalia Grybauskaite was re-elected as the President of Lithuania in May 2014. She is the first female President of Lithuania.

❖ Salvador Sanchez Ceren took office as the President of El Salvador on June 1, 2014. Luis Guillermo Solis became the President of Costa Rica on May 8, 2014. Juan Carlos Varela assumed office as the President of Panama on July 1, 2014.

❖ Peter Mutharika assumed office as the President of Malawi on May 31, 2014.

❖ Major General Kristin Lund of Norway is the first-ever woman to serve as the head of a UN peacekeeping operation.

❖ Nripendra Mishra was appointed as Principal Secretary to Prime Minister Narendra Modi. He is
the former Chairman of the Telecom Regulatory Authority of India (TRAI).

❖ Former United States Secretary of the State Hillary Rodham Clinton launched her book 'Hard Choices'.

❖ 'RuPay', India's own card payment network, was launched by the President Pranab Mukherjee. It was developed by the National Payment Corporation of India (NPCI). The RuPay card is accepted at all ATMs.

❖ Justice B. S. Chauhan was appointed the Chairman of the Cauvery Water Disputes Tribunal.

❖ Bharatiya Mahila Bank (BMB) has been included in the second schedule to the RBI Act, 1934.
Now BMB becomes eligible for loans from RBI on bank rate.

❖ RBI made it mandatory for banks to install talking ATMs with Braille keypads from July 2014
onwards. It is for the benefit of persons with disabilities.

❖ P.J. Nayak Committee appointed by the RBI recommended the reduction of government stake in public sector banks to less than 50 percent.

❖ Japan won the Thomas Cup men's badminton title for the first time. Japan defeated Malaysia in the final in New Delhi in May 2014. China won the Uber Cup women's badminton title for the
13th time by defeating Japan in the final in New Delhi. India won a bronze medal for the first time in Uber Cup.

❖ Kolkata Knight Riders (KKR) won the Indian Premier League- 7 title by defeating Kings XI Punjab at the M. Chinnaswamy Stadium in Bengaluru on June 1, 2014. It is KKR's second IPL trophy.

❖ Telangana Rashtra Samiti chief K. Chandrasekar Rao was sworn in as the first Chief Minister of Telangana, the 29th State of India, on June 2, 2014. Telugu Desham Party president N. Chandrababu Naidu took over as the first Chief Minister of bifurcated Andhra Pradesh on June 8, 2014.

❖ The Supreme Court appointed Justice Mukul Mudgal Committee to probe the 2013 IPL spot fixing allegations.

❖ Manuel Santos won the Presidential elections of Colombia for the second time in June 2014.

❖ Reuven Rivlin succeeded Shimon Peres as the new President of Israel in June 2014.

❖ Former army chief Abdel Fattah el Sisi was sworn in as the President of Egypt in June 2014.

❖ Mukul Rohatgi was appointed the Attorney General of India in June 2014. Ranjit Kumar is the new Solicitor General.

❖ N. Srinivasan is the first Chairman of the International Cricket Council (ICC).

❖ Petro Poroshenko was sworn in as the President of Ukraine.

❖ Syrian President Bashar al-Assad won a third term in office in June 2014.

❖ Sumitra Mahajan became the Speaker of the 16th Lok Sabha in June 2014. She represents Indore Lok Sabha constituency in Madhya Pradesh.

❖ Former Intelligence Bureau chief Ajit Doval was appointed the National Security Adviser (NSA). He is the first police officer to be decorated with Kirti Chakra, a gallantry award given during peacetime.

❖ Kedarnath Singh was chosen for the prestigious Jnanpith award for 2013. He is the 10th Hindi writer to receive the honor and is the 49th recipient of Jnanpith award.

❖ The 2013 Moortidevi award was given to Malayalam writer C. Radhakrishnan. He is a scientist
turned writer.

❖ France announced to honor Shah Rukh Khan with Officer of the Legion of Honour for his contribution to cinema.

❖ Former Norwegian Prime Minister Gro Harlem Brundtland is the first recipient of the Tang Prize
for sustainable development. She is the former Director General of the World Health Organization (WHO).

❖ India-born plant scientist Sanjay Rajaram was chosen for the World Food Prize for 2014. He is a renowned wheat scientist.

❖ Irish author Eimear McBride won the 2014 Bailey's Women's Prize for Fiction for her debut
novel 'A Girl is a Half-formed Thing'. This prize was earlier known as Orange Prize.

❖ The autobiography of Hindi actor Dilip Kumar 'The Substance and The Shadow' was launched.

❖ The supersonic cruise missile BrahMos was test-fired. It is an Indo-Russian missile with a range of 290 km.

❖ Okavango Delta in Botswana became the 1000th site to be included in the UNESCO World Heritage Site List.

❖ Rani-ki-Vav, an 11th century stepwell in the Patan area of Gujarat and the Great Himalayan National Park (GHNP) in Himachal Pradesh were accorded the UNESCO World Heritage Site status.

❖ The government has accepted the report of Arvind Mayaram Committee on rationalizing definitions of Foreign Direct Investment (FDI) and Foreign Institutional Investors (FIIs).

❖ Salman Rushdie, the India born UK author was named the winner of 2014 Pen Pinter Prize.

❖ Saina Nehwal won the Australian Open Super Series badminton title defeating Spain's Carolina Marin.

❖ Magnus Carlsen of Norway won the World Rapid Chess Championship and also the World Blitz
Chess Championship, both in Dubai in June 2014.

❖ Australia retained the men's Hockey World Cup title by outplaying Netherlands in the final in
The Hague, Netherlands in June 2014. Netherlands defeated Australia to win the women's title.

❖ Rafael Nadal of Spain clinched the 2014 French Open tennis men's singles title beating Novak Djokovic of Serbia in the final. It is Nadal's 9th French open title. Maria Sharapova of Russia won
her second French Open women's singles title by defeating Simona Halep of Romania.

❖ Two Indian Americans Sriram Hathwar and Ansun Sujoe became the co-champions of the Scripps National Spelling Bee contest held in USA.

● Two Indian Americans Sriram Hathwar and Ansun Sujoe became the co-champions of the
Scripps National Spelling Bee contest held in USA.

● The Tax Administration Reform Commission (TARC) headed by Parthasarathi Shome suggested
abolition of the post of Revenue Secretary and merger of CBDT and CBEC.

● The 40th G7 Summit was held in Brussels, Belgium in June 2014. This Summit was held without Russia.

● Indian Vice President Hamid Ansari visited China to celebrate the 60th anniversary of signing of the Panchsheel in June 2014.

● Indian-origin V.K. Rajah was appointed the Attorney-General of Singapore.

● General Dalbir Singh Suhag succeeded General Bikram Singh as the 26th Chief of Indian Army on July 31, 2014. Chief of Air Staff Air Chief Marshal Arup Raha took over as the Chairman of the
Chiefs of Staff Committee (COSC) on July 30, 2014.

● Shashi Kant Sharma, the Comptroller and Auditor General of India (CAG) became a Member
of the United Nations Board of Auditors for a term of six years.

● The President appointed new Governors for six States in July 2014. They are: Kaptan Singh
Solanki - Haryana, Balramji Das Tandon- Chhaatisgarh, Keshari Nath Tripath- West Bengal, Ram
Naik- Uttar Pradesh, Padmanabha Acharya - Nagaland and Om Prakash Kohli - Gujarat.

● S.S. Mundra is the fourth Deputy Governor of the Reserve Bank of India. He will have tenure of 3 years.

● Former External Affairs Minister and a senior Congress Party leader K.Natwar Singh released his
autobiography 'One Life is Not Enough'.

● Out of 187 countries, India is ranked 135th in the 2014 UNDP Human Development Index. Norway is the topper

● Germany won the 2014 FIFA World Cup. It beat Argentina in the final played at the Maracana Stadium in Rio de Janeiro, Brazil on July 13, 2014. It is Germany's 4th World Cup Football title.

● Novak Djokovic of Serbia defeated Roger Federer of Switzerland in Wimbledon men's singles tennis final. In the Wimbledon women's singles final Petra Kvitova of Czech Republic beat Eugenie Bouchard of Canada.

● The 6th BRICS Summit was held in July 2014 in Fortaleza, Brazil. The leaders signed a document to create the $100 billion New Development Bank. Its headquarters will be in Shanghai, China and the first President will be from India for a six year term. It is Indian Prime Minister Narendra Modi's first Summit.

● Sadananda Gowda presented the Railway Budget on July 8, 2014. Union Finance Minister Arun
Jaitley tabled the Economic Survey 2013-14 in Parliament on July 9, 2014 and presented his maiden Budget on July 10, 2014.

● Harry Potter fame actress Emma Watson was appointed Goodwill Ambassador by UN Women. Tennis player Sania Mirza is the brand ambassador for Telangana State.

● Recep Tayyip Erdogan is the new President of Turkey and Ahmet Davutoglu is the new Prime Minister of Turkey.

● General Prayuth Chan-ocha took over as the Prime Minister of Thailand in August 2014.

● In August 2014 four more States got new Governors. Rajasthan - Kalyan Singh, Maharashtra - Ch. Vidyasagar Rao, Karnataka- Vajubhai Vala and Goa- Mridula

● Congress leader K.V. Thomas is the Chairman of the Public Accounts Committee of the Parliament.

● Former Chief Justice of India Justice P. Sathasivam was appointed the Governor of Kerala in September 2014.

● Daman Singh, the daughter of the former Prime Minister of India Dr. Manmohan Singh, has written a book "Strictly Personal: Manmohan and Gursharan".

● Narendra Modi launched Pradhan Mantri Jan Dhan Yojana (PMJDY) on August 28, 2014. The aim of the scheme is the financial inclusion of all Indians.

● Manjul Bhargava, a mathematician of Indian origin won the Field Medal. He was conferred
the award at the International Congress of Mathematicians held
in Seoul, South Korea in August.

● Former RBI Governor Bimal Jalan was appointed the Chairman of the Expenditure Management Commission.

● Jaipur Pink Panthers beat U Mumba to emerge champion of the inaugural STAR ProKabaddi League in Mumbai on August 31.

● The 2014 Summer Youth Olympics were held from August 16 to 28, 2014 in Nanjing, China.
China topped the medals tally with 65 medals, including 38 Gold. India got two medals. Weightlifter Ragala Venkata Rahul bagged a silver medal and Atul Verma won a bronze in Archery.

● Shah Rukh Khan was appointed the ambassador of 'Turn Back Crime' campaign of Interpol. Amitabh Bachchan is Maharashtra's horticulture ambassador.

● India and Australia signed a civil nuclear agreement on September 5, 2014. The deal was signed during the visit of the Australian
Prime Minister Tony Abbott.

● The 20th edition of the Commonwealth Games was held from July 23 to August 3, 2014 in Glasgow, Scotland. England topped the medal chart with 174 medals. India bagged 64 medals
and finished fifth.

● Marin Cilic of Croatia defeated Kei Nishikori of Japan to win the 2014 US Open men's singles tennis title. Serena Williams of USA won women's singles title beating Caroline Wozniacki of Denmark in the final. The mixed doubles title was won by India's Sania Mirza and Brazil's Bruno Soares.

● The 17th Asian Games were held in Incheon, South Korea from September 19 to October 4, 2014. China topped the medals tally with 342 medals. India won 57 medals and took the 8th position.

● Chennai Super Kings won the Champions League T20 title, defeating Kolkata Knight Riders
in the final in Bangalore on October 4, 2014.

● Narendra Modi launched the Swachh Bharat Mission on the birth anniversary of Mahatma
Gandhi on October 2, 2014. The Mission aims to make India clean by October 2, 2019, Mahatma Gandhi's 150th birth anniversary.

● Ancient Nalanda University was inaugurated after 800 years on September 19, 2014 by External
Affairs Minister Sushma Swaraj in Bihar. The Chancellor is Amartya Sen and the Vice Chancellor is Gopa Sabharwal.

● The Union Government launched Deen Dayal Upadhyaya Antyodaya Yojana for urban and rural poor on September 25, 2014.

● The North Atlantic Treaty Organization (NATO) Summit was held in Wales, UK on September 4-5, 2014.

● Ashraf Ghani was sworn in as the new President of Afghanistan on September 29, 2014.

● John Key was re-elected the Prime Minister of New Zealand.

● O.Pannerselvam became the Chief Minister of Tamil Nadu succeeding Jayalalithaa.

● Justice H.L. Dattu became the 42nd Chief Justice of India on September 28, 2014.

● Lal Bahadur Shastri National Award 2014 was presented to A. Sivathanu Pillai, an eminent missile scientist.

● October 31 was celebrated as National Unity Day. It is the birth anniversary of Sardar Vallabhbhai Patel, India's first Home Minister.

● Devendra Fadnavis became the Chief Minister of Maharashtra and Manohar Lal Khattar was sworn in as the Chief Minister of Haryana in October 2014. Both are from BJP. Laxmikant Parsekar of BJP is the new Goa Chief Minister.

● India was reelected to the United Nations Human Rights Council (UNHRC) for the period of 2015 to 2017.

● Dilma Rousseff was re-elected for her second four-year term as the President of Brazil.

● Australian author Richard Flanagan won the 2014 Man Booker Prize for his novel "The Narrow Road to the Deep North".

● Pakistani girls' rights activist Malala Yousafzai shared the 2014 Nobel Peace Prize with India's Kailash Satyarthi. She also won the World's Children's Prize given by Sweden and America's Liberty Medal.

● Former Prime Minister of Norway Jens Stoltenberg became the 13th Secretary General of North Atlantic Treaty Organization (NATO) on October 1, 2014.

● Arvind Subramanian is the new Chief Economic Adviser and Rajiv Mehrishi is the new Finance Secretary of India.

● Indian Prime Minister attended the 9th G20 Summit in Brisbane, Australia in November 2014.

● The 18th SAARC Summit was held in November 2014 in Kathmandu, Nepal.

● Anil Kumar Sinha is the new Director of the Central Bureau of Investigation (CBI). Rajinder
Khanna is the new Chief of Research and Analysis Wing (RAW). Prakash Mishra is the
new Director General of Central Reserve Police Force (CRPF).

● The Indira Gandhi Prize for Peace, Disarmament and Development for 2014 is given to the Indian Space Research Organization (ISRO).

● Rolene Strauss of South Africa was crowned Miss World 2014 in London on December 14, 2014.