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Wednesday, 15 January 2014

0 GK Updates - 14 Jan

President presented Sunil Gangopadhyay Award 2012 & 2013



President of India, Pranab Mukherjee presented the Sunil Gangopadhyay Memorial Award of 2012 and 2013 on 11 January 2014 to two eminent Bengali poets, namely Nirendranath Chakraborty and Sankha Ghosh, respectively. The awards were given at a function at Raj Bhawan in Kolkata.

About Sunil Gangopadhyay Memorial Award
The Sunil Gangopadhyay Memorial Award was instituted by a cultural organisation The Bengal in 2012 following his death. Gangopadhyay had a talent of bringing in the historical research works into his writings.

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Delhi became first state to withdraw FDI in Multibrand Retail

The Aam Aadmi Party (AAP) Government in Delhi has written to the Department of Industrial Policy and Promotion (DIPP) formally disapproving the setting up of Foreign Direct Investment-funded multi-brand retail stores in the State. Delhi is now set to become the first State to withdraw its approval.

This means that global retailers such as Tesco and Walmart will not be allowed to set up shop in Delhi even after they get all the required clearances from the Centre.

The Centre has allowed 51 per cent FDI in multi-brand retail.

“The DIPP is processing the application for withdrawal of approval for FDI in retail given by the Delhi Government,” a DIPP official told Business Line.

Opposing FDI in retail was part of the AAP’s 18-point agenda that it submitted to the Congress before agreeing to take its support for forming the Government in Delhi.

The previous Delhi Government led by the Congress had approved FDI in multi-brand retail.

Losing Delhi as a potential market for retail outlets would be a big blow to foreign retailers as metros offer tremendous opportunities to the segment

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Gopalakrishnan is MD & CEO of Aegon Religare

K.S. Gopalakrishnan

Aegon Religare Life Insurance has announced the appointment of KS Gopalakrishnan as the Managing Director & Chief Executive Officer of the company.

Prior to this elevation, he was the Executive Director of the company and earlier to this, he was the Appointed Actuary and the Chief Financial Officer at ARLI.

Gopalakrishnan has over twenty five years of experience in the life insurance industry across markets such as India, Canada and Hong Kong.

He has been associated with different start-up life insurance projects in India and abroad.

His work experience spans finance, business planning and strategy, product development and pricing, corporate actuarial, operations, compliance and underwriting.

Gopalakrishnan is a fellow member of the actuarial bodies of India, Canada and the UK. He is also an associate member of the Society of Actuaries (USA) and fellow member of the Insurance Institute of India.

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Corp Bank's scheme for small units

Corporation Bank will launch ‘Corp Micro Plus’, a special campaign for micro enterprises from January 17 to March 31. According to a press statement by the bank, the rate of interest will be at base rate (10.25 per cent currently). There will be no processing charges during the campaign period, it said.

S. R. Bansal, Chairman and Managing Director of the bank, inaugurated a fully furnished SME (small and medium enterprise) loan centre at Ahmedabad on Monday, which will cater to the financial requirements of the MSME sector in Ahmedabad, Kadi, Rajkot, Gandhidham and Jamnagar, it said. The bank is planning to open SME loan centres at Pune, Ludhiana and Chennai before February 15.

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Tata AIA Life launches 'Money Maxima'

Tata AIA Life Insurance today launched a product, Money Maxima, a long-term plan which is compliant with new IRDA guidelines.

“Money Maxima is a long term plan that stretches to fit the dreams of our customers through flexibility of plan duration. The plan offers the dual benefits of both guaranteed and non-guaranteed returns and, hence, is good value for money,” Tata AIA Life Deputy CEO and CDO, Mukesh Dhawan said in a release.

Tata AIA Life has launched a bouquet of solutions, compliant with new IRDA guidelines applicable from this month.

These new offerings also provide additional benefits such as guaranteed returns, liquidity and flexibility of plan duration.

Tata AIA Life is a joint venture between Tata Sons and AIA Group, an independent publicly listed pan-Asian life insurance group.

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FIFA awards Cristiano Ronaldo prestigious Ballon d'Or prize

"If I manage to win this trophy once again, it will mean the world to me," Cristiano Ronaldo said before the winner was announced.

Well, after 90 minutes of tension being cut into pieces, the envelope was opened by Pele and the world was indeed Ronaldo's - the Portuguese and Real Madrid superstar winning back the FIFA Ballon d'Or title from Lionel Messi after four years of dominance from the Argentine.

Year 2013 was Ronaldo's when it came to individual performances, with the ridiculous hat-trick against Sweden only underlining the great man's prowess, and deservedly helping him to one of the titles he covets the most - the prestigious FIFA Ballon d'Or.

Ronaldo was over the moon, and then some, with Messi and Franck Ribery having to wait at least one more year to have a go at the award yet again.

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Nadine Angerer named player of year

Germany goalkeeper Nadine Angerer has been voted the best women's football player in the world for 2013.

Angerer, the current European player of the year, defeated United States forward Abby Wambach, last year's winner, and five-time champion Marta of Brazil.

Angerer helped Germany win the European Championship last year

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Anju B George gets gold medal in world athletics


Anju Bobby George has given India their first world athletics title although nine years after the event was held in Monaco.

The long jumper, who won the silver at the World Athletics Final in 2005, was elevated to the top spot by the International Association of Athletics Federations on Monday, after gold medal winner Russia’s Tatyana Kotova was disqualified for doping.

Kotova has been slapped with a suspension till January 2015 for testing positive for formestane and Anju who finished with silver then, has now been conferred the gold.

Anju’s fifth place finish at the 2005 Helsinki World Championship’s long jump event was also upgraded to fourth.

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South Korean Prez to arrive tomorrow

S Korean Prez arrives in New Delhi on official visit to India

South Korean President Park Geun-hye has arrived in New Delhi on an official visit to India on Wednesday evening. She will hold delegation-level talks with Prime Minister Manmohan Singh and discuss bilateral, regional and global issues tomorrow.


The two countries are expected to sign some agreements after the talks. The visiting dignitary is scheduled to meet the President, the Vice-President, the External Affairs Minister and the Leader of the Opposition in the Lok Sabha during her four-day stay in the country.

The South Korean President will be accompanied by a delegation which includes the Foreign Minister, the Minister for Science and the Minister for Trade and Industry.

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Vijay Zol selected captain of India to lead U-19 Cricket World Cup

Vijay Zol has been named as India captain for the ICC Under 19 World Cup starting in the United Arab Emirates on February 15.

Zol also led India to junior Asia Cup title recently. The Maharashtra batsman was also part of the Unmukt Chand-led team that lifted the cup last time.

The All-India Junior Selection Committee met here to select the Indian team for the big event.

Vijay Zol to lead India at ICC U-19 World Cup

Sanju Samson, the Kerala wicketkeeper batsman, has also been selected in the 15-man squad.



Sanju Samson, the Kerala wicketkeeper batsman, has also been selected in the 15-man squad.

The three-time champions, India have been clubbed with Pakistan, Scotland and Papua New Guinea in Group A. India will open their campaign against arch-rivals Pakistan on February 15 at the Dubai International Cricket Stadium .





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