Sep 9, 2013

Vocab : Sep 2013

Ultracrepidarian



  • beyond the limit


Resuscitate



  • to revive or raise


Anguished



  •  extreme unhappiness caused by physical or mental suffering

  • मनोवेदना से भरा


Deferred



  • to delay something until a later time

  • टालना


Envy



  •  to wish that you had something that another person has

  • ईर्ष्या करना


Nonchalant



  • behaving in a calm manner, often in a way that suggests you are not interestedor do not care:

  • उदासीन

Pension Fund Regulatory and Development Authority (PFRDA) Bill, 2011


  • The Pension Fund Regulatory and Development Authority (PFRDA) Bill, 2011, was passed in the Rajya Sabha and also passed in Lok Sabha on Sep 2013.

  • The bill would make the Pension Fund Regulatory and Development Authority a statutory authority, unlike its present non-statutory status.

  • The bill provides subscribers a wide choice to invest their funds including for assured returns by opting for Government Bonds as well as in other funds depending on their capacity to take risk.

  • It pegs the FDI in pension sector at 26 per cent or such percentage as may be approved for the insurance sector, which ever is higher.

  • The New Pension System (NPS) aims to promote “saving while you earn” especially for retirement and is mainly for those who have a regular income, Mr. Chidambaram said.

Sep 8, 2013

Acid Attack

Regulation on sale of ACID



  • The Home Ministry has asked the State governments to ban over-the-counter sale of acids as directed by the Supreme Court in its July order to curb growing incidents of attacks on women.

  • Sale of acid now comes under The Poisons Possession And Sales Rules, 2013, thereby including at least a dozen acids in the list of poisons to curb their sale.

  • Atleast a dozen of acids namely : acetic acid, phosphoric acid, hydrofluoric acid, perchloric acid, formic acid, oxalic acid, perchloride of mercury (corrosive sublimate), sulphuric acid, hydrochloric acid, hydrocyanic acid, nitric acid, potassium hydroxide and sodium hydroxide, that would have restricted sale.

  • The Ministry has asked the States to impose a fine of Rs.50,000 on sellers who do not maintain a register on personal information about buyers.

Russia-China Ties



  • Since March 2013, Xi Jinping has traveled overseas three times. His first visit after taking office was to Russia. On the same trip, he took in three African countries and attended the BRICS Summit in South Africa.

  • In June 2013 , Xi visited three Latin American countries and held a summit with U.S. President Barack Obama in California. For this forthcoming G20 and SCO trip, Xi will again meet with Putin in St. Petersburg and Bishkek.

  • The third trip (for G20 and SCO summit in Russia) will also be Xi’s second visit to Russia in six months, itself rare enough in the neighborhood diplomacy of top Chinese leaders in recent years and not especially common for leaders of other countries either.

  • Russia is a diplomatic priority for Beijing. Some Chinese scholars see close links between China and Russia as a counterweight to the U.S.-Japan alliance, offsetting the pressure of the United States and Japan on the Senkaku/Diaoyu Islands issue. For Russia, ties with China can also balance U.S. policy.

  • It is worth noting that coinciding with Xi's first visit to Russia, Beijing and Moscow signed the largest weapons procurement contract in the past decade, in which China is to buy 24 Su-35 fighters and four Lada-class submarines (although some reports have denied this deal actually going through). Since then, China and Russia have held a "routine" military exercise, again showing the growing sophistication of military cooperation between the two countries.

Sep 7, 2013

News : 1-7 Sep 2013


  • Google said the next version of Android will be called 'KitKat' in keeping with its penchant for giving tasty names to its software for powering mobile devices.

  • India's advanced multi-band communication satellite GSAT-7, launched from French Guiana by European space consortium Arianespace's Ariane 5 rocket on August 30, has been successfully placed in the geosynchronous orbit with an altitude of about 36,000 km above earth surface.

  • After Ymail and Flicker revamp, Yahoo Inc. now unveils new logo.Yahoo’s $1.1 billion purchase of Tumblr, an Internet blogging service.

Sep 1, 2013

India-Afghanistan Realtions



  • Union approved revised cost for completion of Salma Dam Project (3X14 MW) in Afghanistan by M/s WAPCOS Ltd.( a central PSU under the Ministry of Water Resources. ) towards civil, hydro-mechanical, electro-mechanical and other components of the dam till completion of the dam in December 2014.