RBI/ BANKING/ BUSINESS NEWS THIS MONTH

September 1: State Bank of India (SBI) and Japan Bank for International Cooperation
(JBIC) signed a dual-currency loan agreement to set up an export credit line.
Note: The loan is co-financed with the Bank of Tokyo-Mitsubishi UFJ Ltd (BTMU)
amounting to 13.5 billion Japanese Yen ($135 million) and $21 million approximately.
September 1: Financial sector giant Nippon Life said it will partner Anil Ambani-led
Reliance Group for a proposed Reliance Bank and launched two India-focussed funds
for Japanese investors.
Note: The two funds will direct investments by Japanese retail investors into Indian
equity and bond markets.
September 2: RBI has issued amendments to Basel 3 norms. It has allowed banks to
issue additional Tier 1 capital instruments. The RBI said that banks must have a
provision of Point of Non-Viability (PONV) for every non-equity instrument.
September 2: United Bank of India declared debt-ridden Kingfisher Airlines and its
owner Vijay Mallya as wilful defaulters.
Note: What is a Wilful Default?
A wilful default occurs when either a borrower has not repaid when he can do so, or
when sanctioned funds have been used for other purposes or when the borrower
disposes off the assets assured for availing of the loan without the banks
knowledge.

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September 3: Axis Bank which is India's third largest private bank has been
featured in Forbes Asia's FAB 50 list of 2014.
Note: This is the fourth time that Axis Bank has been featured and is amongst the
only two banks in this renowned list.
September 3: The RBI has issued directions to The Choundeshwari Sahakari Bank
Ltd. of Kolhapur, Maharashtra that will require the bank to seek prior approval for its
banking business.
September 9: The Reserve Bank of India will adopt a common recruitment system
from next year to tap talent for its core functions.
September 9: The Reserve Bank of India decided to fix the maximum age for
Managing Directors and Chief Executive Officers in private sector banks at 70.
September 13: State Bank of India, SBI, celebrated 150 years of its operations in Sri
Lanka
September 19: The Reserve Bank of India (RBI) proposed to segregate the post of
Chairman and Managing Director (CMD) of Public Sector Undertaking (PSU) banks.
Note: i. At present, the post of CMD in PSU banks is vested with one person only.
ii. The only exception among the PSU banks is State Bank of India where the top
position is commanded by the chairman and there are four managing directors with
clearly defined executive roles.
September 20: With the objective of addressing sanitation related health concerns,
the Urban Development Ministry and the Bill & Milinda Gates Foundation have
agreed on a partnership to promote user friendly toilets to ensure universal
sanitation in the country.
September 21: Coca-Cola India has launched its zero sugar soft drink Coca-Cola
Zero in line with its strategy to make India its fifth largest market by 2020.
September 23: Google India announced to launch a nationwide contest to develop a

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mobile app for Prime Ministers office (PMO). The contest will be held in
collaboration with the citizen engagement platform of the government, MyGoV.
September 24: Private sector bank ICICI Bank launched a savings account for minors
above 10 years of age with the name Smart star.
September 26: Global rating agency Moody 2014 released a report titled Indian
Banks Could Need 26-37 billion US dollar in External Capital for Basel III Compliance.
September 26: RBI released Gopalakrishna Committee report on Capacity Building in
banks and non-banks. The committee has recommended a 360-degree feedback for
a transparent and comprehensive performance assessment exercise, one that
ensures adequate performance differentiation between employees.
September 26: State Bank of India (SBI) and Industrial Credit and Investment
Corporation of India (ICICI) allowed kids to operate bank accounts independently.
SBI had launched new accounts Pehla Kadam and Pehli Udaan for kids. Now, ICICI
Bank has launched Smart Stars account and Federal Bank Limited has Young Champ
Account for minors.
September 27: State Bank of India (SBI), the countrys largest lender announced that
it has signed a Line of Credit (LoC) of 500 million dollar with Export-Import Bank of
Korea (Korea Eximbank).
September 28: Seeking to expand Asian operations, Qatar-based Doha Bank will
acquire the Indian operations of the HSBC Bank Oman.
September 29: RBI announced fourth Bi-Monthly Monetary Policy Statement and
keept key rates unchanged.
September 29: The Reserve Bank of India, RBI, relaxed Know Your Customer, KYC
norms by allowing self-certification of documents for opening bank accounts. RBI
has reduced the liquidity provided under the export credit refinance (ECR) facility
from 32 per cent of eligible export credit outstanding to 15 per cent with effect from
October 10.

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September 30: The Reserve Bank of India, RBI, relaxed Know Your Customer, KYC
norms by allowing self-certification of documents for opening bank accounts.

NATION THIS MONTH

September 1: India will get USD 35 bn from Japan over the next five years for
developmental projects, including building of smart cities and next generation
infrastructure

September 2: Congress has secured chairmanship of five Parliamentary Standing

Committees after failing to get the Leader of the Opposition post in the Lok Sabha.
Note: Its members M. Veerappa Moily, Shashi Tharoor and P. Bhattacharya will now
head the important committees on Finance, External Affairs and Home respectively.
September 2: India has slipped to 71st position, in an annual global competitiveness
list, where Switzerland remains on top.
September 3: Indias largest software services firm Tata Consultancy Services (TCS
said the tenure of its Chief Executive Officer and MD N. Chandrasekaran has been
extended by five years to October 2019.
September 3: The government has set-up a seven-member, H.R. Khan Committee to
examine the un-claimed amount in PPF, Post Office and Savings Schemes.
September 4: Karnataka became the first State in the country to launch a Health
Adalat.
September 4: The new capital of Andhra Pradesh will be located in the Vijayawada
region.
Hyderabad will serve as the shared capital of Telangana and Andhra Pradesh for
another 10 years until 2024.

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September 4: The Chief of Naval Staff Admiral R.K. Dhowan dedicated INS Sumitra,
one of the biggest surveillance ship of the Indian Naval Force at Chennai.
September 4: Indo-Nepal 14-day long joint military exercise Surya Kiran-VII
concluded at Pithoragarh. The exercise was seventh in the series.
September 5: The emergency management services provider GVK EMRI has signed a
memorandum of understanding with National Trauma Research Institute, Australia
to improve emergency trauma care services in the country.
September 8: The Government has constituted a four-member high-level committee
under the Chairmanship of former Cabinet Secretary T.S.R. Subramanian to review
various environment laws in order to bring them in line with current requirements.
September 9: The Union Cabinet gave its approval for implementing a
comprehensive Telecom Development Plan for the North-Eastern Region. The
proposal entails an estimated cost of over Rs. 5,336 crore.
September 12: India successfully test-fired indigenously developed nuclear-capable
surface-to-surface Agni-I missile from Wheeler Island off Odisha coast. It has a
striking range of 700 to 1250 km.
September 12: The Supreme Court ruled 3 percent quota for disabled persons in all
government jobs.
September 14: India and Vietnam inked seven pacts, including one to enhance
cooperation in the strategic oil sector, as they called for freedom of navigation in the
South China Sea.
September 15: Government of Kerala will host a Global Agro meet and an exhibition
on hi-tech agriculture and food processing at Kochi on 6th and 7th of November.
September 15: Scientist Raghunath Anant Mashelkar, former director general of the
CSIR has been named the chair of an expert panel to recommend best technologies
for Prime Minister Narendra Modi's "Swachh Bharat" national sanitation campaign.

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September 16: Goa Chief Minister, Mr Manohar Parrikar launched clean Goa
Beautiful Goa campaign on Miramar Beach Panaji.
Note: Dustbins will be placed at every 100 meters interval; garbage will be collected
from all beaches where it will be segregated into different parts such as bio
degradable and non bio-degradable.
September 16: Public service broadcaster Doordarshan is celebrated its 55
years. Doordarshan made a modest beginning in India on 15th September 1959.
September 17: Union Human Resource Development Ministry announced to fund
Swachh Vidyalaya campaign.
September 19: The government launched an electronic toll collection (ETC)
programme in the country under the brand name "FASTag".
Note: The ministry has roped in ICICI bank and Axis bank for the purpose.
September 19: The first Industrial Park under the Memorandum of Understanding
signed between India and China will be set up in Vadodara district.
September 20: A 28-year-old Indian architect has been named young leader of
tomorrow byTime magazine for his pioneering work in designing affordable floodproof houses for slum dwellers.
September 21: Government has sanctioned 2717 crore rupees for a period of 10
years to develop the Nalanda University.
September 21: The Uttar Pradesh government decided to open Nirbhaya Centers in
all districts of the state. These Nirbhaya Centers will provide prompt help to the
victims of crime against women and also facilitate lodging of FIRs.
September 22: Hindi film 'Liar's Dice', a road drama starring Geetanjali Thapa and
Nawazuddin Siddiqui in lead roles, has been selected as India's official entry to the
best foreign film category at the Oscar 2015 awards.
September 23: The 13th edition of the Pravasi Bharatiya Divas, the world's largest

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annual gathering of the Indian diaspora, will be held in Gujarat capital Gandhinagar
in January next year to mark 100 years of Mahatma Gandhi's return to India from
South Africa.
September 23: Search giant Google launched a new social campaign in association
with Bollywood actor-director Farhan Akhtars initiative MARD, to increase internet
literacy among women in the country.
September 24: India created space history by successfully placing its low-cost Mars
spacecraft in orbit around the Red Planet in its very first attempt, catapulting the
country into an elite club of three nations.
September 24: Prime Minister Narendra Modi launched his pet Make in India
campaign to put India prominently on the global manufacturing map and, in turn,
facilitate the inflow of new technology and capital, while creating millions of jobs.
September 25: Prime Minister Narendra Modi in the international community, the
Southern University System of Louisiana in United States has decided to confer an
honorary doctorate degree for his work in the field of inclusive growth.
September 25: Prime Minister Narendra Modi has approved 12 million dollars
assistance to United Nations to fight Ebola virus in Africa.
September 25: Gujarat Cooperative Milk Marketing Federation (GCMMF), which sells
Amul brand of milk products ranked 15th among the top dairy organisations in the
world in the International Farm Comparison Network (IFCN) a global dairy
knowledge organization.
September 26: Union Government Deen Dayal Upadhyaya Antyodaya Yojana for
urban and rural poor. The Yojana aims at alleviating urban and rural poverty through
enhancement of livelihood opportunities through skill development and other
means.
September 28: Nation remembered Shaeed-e-Azam Bhagat Singh on his 107th birth
anniversary.

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September 29: Prime Minister Narendra Modi has invited New Jersey Governor Chris
Christie to visit India with a trade mission.
September 29: The Bombay High Court directed the Union Government to strictly
implement the ban on manufacture of national flags made from plastic.
September 30: Government will soon launch Universal Health Assurance Mission to
provide affordable health services to people. Under the mission about 50 essential
drugs with a diagnostic package and 30 AYUSH drugs will be made available to all
citizens at government hospitals and health centers across the country.
September 30: The 10th edition of annual Indo-US joint military exercise is on at
Ranikhet in Uttarakhand. It is focused on counter-insurgency and counter-terrorism
operations in mountainous terrain in United Nations peace keeping scenario.
September 30: The Andhra Pradesh (AP) Government signed the Memorandum of
Understanding (MoU) agreement with Google India for Digital AP project.

INDIAN ECONOMY THIS MONTH

September 3: India sliped to 62nd spot in effective stock market regulation ranking.
Note: The country, last year, stood at the 27th spot for effective regulation and
supervision of securities exchanges.

September 4: Wildlife Trust of India (WTI) and Tata Chemicals Limited (TCL) signed a
Memorandum of Understanding (MoU) to set up Indias first of its kind Coral Garden
in Gujarat.
September 9: Global business leaders and politicians have gathered in the northern
Chinese city of Tianjin for a meeting of the World Economic Forum.
The Chinese Premier Li Kequiang will open the event.
September 11: Rays Power Experts announced to set up 50 mw Solar Power
Generation Park in Andhra Pradesh. The total cost of the project is 300 crore ruppes
and it will be completed by January 2015.
September 12: Retail inflation moderated slightly to 7.8 per cent in August from

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7.96 per cent in July on the softening of the prices of vegetables and fuels.
September 15: India has welcomed the successful renegotiation of the stalled Tata
Housing development project in Maldives.
September 16: India's export growth slipped to 2.35 percent at 26.95 billion dollars
in August, pushing up trade deficit to 10.83 billion dollars.
September 17: Hero MotoCorp Limited has entered into an agreement with the
Andhra Pradesh Government for setting up a greenfield two-wheeler manufacturing
plant in Chittoor district. Hero is expected to invest about Rs. 1,600 crore on the
project.
September 17: NTPC Limited, NTPC Vidyut Vyapar Nigam Limited and Solar Energy
Corporation of India Limited signed agreement with Andhra Pradesh for setting up of
large solar power generation parks of about 1000 MW each. NTPC will invest Rs
7,000 cr in these parks.
September 19: Mukesh Ambani held on to his position as the richest man in India
with a fortune of Rs. 1.65 lakh crore, up 37 per cent from last year.
September 19: Microsoft Corp acquired the Swedish video game company Mojang
for 2.5 billion US dollars.
September 20: Microsoft Corp acquired the Swedish video game company Mojang
for 2.5 billion US dollars.
September 20: Cognizant Technology Solutions Corp acquired healthcare IT services
provider TriZetto Corp for 2.7 billion US dollars.
September 21: Pension regulator PFRDA has set up an expert committee under
chairmanship of former SEBI chief G.N. Bajpai to review the investment guidelines
for national pension system (NPS) schemes in private sector.
September 22: Alibaba Group Holding Ltd's initial public offering now ranks as the
world's biggest in history at $25 billion, after the e-commerce giant and some of its
shareholders sold additional shares.
Note: Jack Ma founder of Alibaba Group Holding Ltd.
September 23: Punjab, Maharashtra, Bihar and Odisha are the only four states amid
top 20 major states in India that have seen a surge in employment generated by the
CPSEs while rest of the states have recorded a fall ranging between 3-22 per cent.
September 24: Adani Mining took a step closer to the development of Australian

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$2.2 billion ($1.94 billion) coal mining project in Australia after the federal
government approved construction of a rail haulage line.
September 25: Revising Indias GDP upwards by 0.3 per cent to 6.3 per cent in 2015,
Asian Development Bank (ADB) has said the economy shows a new promise of
turnaround after the election brought a stable government in May.
September 26: As negotiations with states on GST enter a critical stage, the Centre is
looking forward to implementation of the new indirect tax regime from 1st April
2016.
September 27: Emami biotech acquired Vanaspati brand Rasoi. Emami biotech is the
edible oil and bio-diesel arm of the Emami Group of Companies. The deal is
estimated to be worth around 20 crore rupees.
September 27: The Forbes India magazine releasedThe 100 Richest Indian List
2014 on 25 September 2014. According to the Forbes India List, the Top 10 Richest
people of India:
1. Mukesh Ambani; 2. Dilip Shanghvi; 3. Azim Premji; 4. Pallonji Mistry; 5. Lakshmi
Mittal; 6. Hinduja brothers; 7. Shiv Nadar; 8. Godrej family; 9. Kumar Birla; 10. Sunil
Mittal
September 28: Finance Ministry has appointed a 15-member committee under the
Chairmanship of ICICI Bank Chairman K V Kamath to examine the financial
architecture for Micro, Small and Medium Enterprises (MSME) sector.
September 29: ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural
Gas Corporation (ONGC), has signed an agreement with Petroleos Mexicanos
(Pemex) for cooperation in the Latin American nation.
September 29: Delhi Metro has been ranked second among 18 international Metro
systems in terms of overall customer satisfaction in an online customer survey.
September 29: Presidents rule has been in poll-bound Maharashtra after Chief
Minister Prithviraj Chavan resigned following the break-up of 15-year-old CongressNCP alliance in the state.
September 30: The Finance Ministry has appointed a 15-member committee under
the Chairmanship of ICICI Bank Chairman K.V. Kamath to examine the financial
architecture for the micro, small and medium enterprises (MSME) sector.
September 30: Hydrocarbon behemoth Oil and Natural Gas Corporation Ltd (ONGC)

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will contribute Rs. 20.75 crore for the beautification and cleanliness of the Taj Mahal.
September 30: Auto Portal Cardekho acquired Gaadi.com. Cardekho is expected to
have paid 11 million US dollar for Gaadi.com.

GLOBE-TROT THIS MONTH

September 1: A two-day international seminar on 'Blue Economy' begins in Dhaka to
discuss better ways to explore the resources of the Bay of Bengal.
Sept 3: Prime Minister Narendra Modi inaugurated the TCS Japan Technology and
Culture Academy in Japan. The TCS Japan Technology and Culture Academy is a Joint
Venture of Tata Consultancy Services and Mitsubishi Corporation and the aim of
establishing this academy is to enhance the technological and cultural knowledge
between Indian and Japanese IT professionals.
September 2: Israel on announced to take over West Bank land. The area will be
named as Gevaot. The land portion is located south of Bethlehem.
September 3: Australian Prime Minister Tony Abbott launched the 'New Colombo
Plan' at the Mumbai University during his two-day India visit.
Note: The New Colombo Plan is a concept of collective inter-governmental efforts to
strengthen the economic and social development of member countries in the AsiaPacific region.
September 5: India and Australia inked three more pacts, which are as follows:
i. MOU on cooperation in Sport
ii. Renewal of MOU on cooperation in the field of Water Resources Management
iii. MoU on Cooperation in Technical Vocational Education and Training (TVET)
September 6: Wales hosted the largest gathering of international leaders ever to
take place in Britain at the NATO summit on 4 to 5 September 2014.
Sept 6: India and Australia signed a pact on civil nuclear energy deal. This inking of
the pact on civil nuclear energy deal has opened decks for the sale of Australian
uranium to India.

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Sept 6: China North Atlantic Treaty Organisation (NATO) Summit 2014 was held in
Wales, UK from 4 to 5 September 2014. This was the first summit held in the United
Kingdom since Margaret Thatcher welcomed NATO leaders to London in 1990.
September 6: External Affairs Minister Sushma Swaraj inaugurated the first ever
India Investment meet in Bahrain capital Manama.
September 6: India and Germany agreed to prepare a roadmap for cooperation in
skill development, solid waste management and cleaning of rivers when Foreign
Minister of Germany Frank Walter Steinmeier visited India.
September 9: International Olympic Committee (IOC) and Interpol (International
Police agency) have increased their collaboration to combat match-fixing and illegal
betting.
September 9: The Bill and Melinda Gates Foundation has pledged 50 million US
dollars to support emergency efforts to contain West Africa's Ebola epidemic.
September 16: Hollywood star Arnold Schwarzenegger arrived amidst tight security
at the Chennai airport to attend the audio launch of Vikram-starrer I.
September 16: The International Day for the preservation of the Ozone Layer was
observed on 16 September 2014. The theme for 2014 is Ozone Layer Protection: The
Mission Goes On.
September 16: The G-20 Labour and Employment Ministerial meet was held at
Melbourne, Australia.
September 19: It has been a tradition with visiting Chinese leaders to meet the
family of Dr. Dwarkanath Kotnis and President Xi Jinping followed it by meeting the
sister of the famed physician and recalling the fine representative who gave his
precious life in China.
September 21: Nepal sought technical cooperation from India for extending
Provident Fund (PF) in organised and unorganised sectors in that country.

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September 22: International Film Festival India 2014 will be held at Goa.
September 26: The G-4 Foreign Ministers of India, Brazil, Germany and Japan met in
New York on the margins of the 69th Session of the United Nations General
Assembly to exchange views on Security Council reform.
September 26: UN Climate Change Summit 2014 was held at UN headquarters in
New York on 23 September 2014 to put the planet on course towards reversing
global warming.
September 27: The US government will pay more than $500 million to the Native
American Navajo tribe in the US southwest, ending decades-old disputes over use of
their land, officials said.
September 28: Former British Prime Minister Tony Blair was named one of the top
"gay icons" of the last thirty years in recognition of his work for gay rights.
September 28: Pakistan test fired the Hatf IX -short range surface-to-surface missile.
September 28: Sri Lanka has won the backing of 22 nations in its battle against the
UN's war crimes probe into the country's human rights record during its brutal civil
war.
September 29: UN High Commissioner for Refugees has said that the number of
people seeking refugee status in developed nations has gone up by 24 percent in the
first half of 2014.
September 30: Volcano Mount Ontake in Japan erupted on 27 September 2014
killing more than 30 people and injuring as many people.

INDIAN LEADERS VISITING ABROAD/ FOREIGN COUNTRY NATIONALS

VISITING INDIA
September 8: Sushma Swaraj, the Union Minister of External Affairs and Minister for
Overseas Indian Affairs visited Bahrain. A range of bilateral, regional and global
issues of mutual interest were discussed during the meet with the leaders.

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September 18: The President Pranab Mukherjee was on a visit to Vietnam from 14 to
17 September 2014.

APPOINTMENTS/ RESIGNATIONS THIS MONTH

September 4: Justice Handyala Lakshminarayanaswamy Dattu appointed as the
42nd Chief Justice of India.
September 4: Former Chief Justice of India, Palaniswamy Sathasivam was appointed
as the new Governor of Kerala
September 5: Ravindra Nath assumed the charge of Chairman and Managing director
(CMD) of National Small Industries Corporation Limited (NSIC). He succeeded H P
Kumar.
September 6: Chandrakala Padia was appointed as first women chairperson of Indian
Institute of Advanced Study (IIAS).She succeeded the former West Bengal Governor
Gopalkrishna Gandhi.
September 11: Senior IAS officer Subhash Chandra Garg was appointed as the
Executive Director (ED) of World Bank.
September 13: Narendra Ambwani on 12 September 2014 elected as Chairman of
the Advertising Standards Council of India (ASCI). He succeeded Partha Rakshit.
September 16: Meghalaya Governor, Dr. Krishan Kant Paul was swornin as the
Governor of Manipur.
September 17: The International Economic Association (IEA) appointed Kaushik Basu
as president-elect of the association beginning September 2014.
September 17: Actor Leonardo DiCaprio was appointed as United Nations Messenger
of Peace with a special focus on climate change.
September 18: Lalitha Kumaramangalam was appointed as chairperson of National
Commission for Women (NCW).
September 19: US President Barack Obama nominated Indian-American Richard
Rahul Verma as the next US Ambassador to India.
September 23: Lieutenant General Rizwan Akhtar was appointed as the new head of
the Pakistans spy agency Inter-Services Intelligence (ISI). He will replace Lt-Gen
Zaheerul Islam.

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September 23: Hardeep Singh Puri was appointed as Secretary General of

Independent Commission on Multilateralism (ICM)
September 25: India TV chairman and editor-in-chief Rajat Sharma was appointed as
the new president of the News Broadcasting Association (NBA) for the year 20142015.
September 25: Suresh Prabhu was appointed as Prime Minister Narendra Modis
Sherpa for the Group of 20 annual Summit 2014.
September 29: The Bangladesh government appointed Syed Muazzem Ali as the new
Bangladesh High Commissioner to India.
September 29: Ashraf Ghani Ahmadzai was sworn in as president of Afghanistan.
September 29: O. Panneerselvam is appointed as new chief minister of Tamil Nadu.
He replace J. Jayalalithaa.

AWARDS/HONOURS/WORLD TITLES/NEW DISCOVERIES THIS MONTH

September 3: Vinod Mehta, eminent journalist and Editorial Chairman of

Outlook group, was selected for G K Reddy Memorial Award 2014. The
award was announced by the TSR Foundation on 2 September 2014 and
the award will be presented in New Delhi in December 2014.
September 3: Mrunalinidevi Puar, Chancellor of Maharaja Sayajirao
University was conferred with the Best Manager award at the Oxford
Summit of Leaders (Science and Education) in UK.
September 9: Dr. Kamal Bawa, an Indian Scientist w on the MIDORI Prize
in Biodiversity 2014.
September 10: Court, an Indian movie written and directed by Indian
writer Chaitanya Tamhane won the Lion of the Future Luigi De
Laurentiis award for a Debut Feature at the 71st Venice Film Festival. The
film that is a multilingual courtroom drama, won the award for its striking
narrative style.

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September 10: The World Health Organisation (WHO) honoured

Bangladesh and Timor-Leste with South East Asia Regional Award for
Excellence in Public Health. The newly insti tuted awards were presented
to Saima Hossain of Bangladesh and National Malaria Control Programme
of Timor-Leste in Dhaka.
September 16: Rashtriya Ispat Nigam Limited (RINL) CMD Madhusudan
was one of the awardees who was honoured with the prestigious Indir a
Gandhi Rajbhasha Shield for the Best Hindi Implementation in the
organisation.
September 24: Govind Mishra, the renowned Hindi author was given the
Saraswati Samman in New Delhi for his novel Dhool Paudhon Par that was
published in 2008.
September 24: Hindi-language feature film Liar's Dice was selected for
Indias official entry in the 2015 Oscars Awards. The film is directed by
Geethu Mohandas.
September 26: Former U.S. spy agency contractor Edward Snowden and
Alan Rusbridger, editor of The Guardian won Right Livelihood Award. The
Right Livelihood Award is also known as Alternative Nobel prize of
Sweden.

SPORTS NEWS THIS MONTH

September 1: Anita Wlodarczyk of Poland set world record in the womens hammer
throw at the Internationales Stadionfest (ISTAF) Berlin Athletics meet at Berlin's
Olympic stadium in Germany.
September 1: In Cricket, hosts Zimbabwe defeated Australia by 3 wickets in the
fourth match of the tri-nation series. This is was Zimbabwe's first victory over
Australia in 31 years.
September 2: Jaipur Pink Panther (JPP) owned by Abhisek Bachchan won the
inaugural title of the Star Sports Pro Kabaddi League by defeating U Mumba at the
NSCI Stadium in Mumbai.

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September 2: Carolina Marin became the first Spaniard to win World Badminton
Championship titles by defeating world number one Li Xuerui of China.
September 2: Chinas Chen Long won the mens singles titles of the World
Badminton Championships.
September 3: World champion India have been confirmed as the number-one
ranked side in the Reliance ICC ODI Team Rankings following Zimbabwes three
wickets victory over Australia in a triangular series match in Harare.
September 3: The Board of Control for Cricket in India (BCCI) will send pace bowlers
to the MRF Pace Foundation in Chennai for training. Both signed a five-year
agreement in this regard.
September 3: India defeated England by 9 wickets in the penultimate ODI at
Birmingham last night, to claim the 5-match series.
September 4: Kei Nishikori became the first man from Japan to reach the U.S. Open
semifinals in 96 years, outlasting third-seeded Stan Wawrinka of Switzerland.
Note: The last Japanese semifinalist at the U.S. Open was Ichiya Kumagae in 1918.
September 5: Ritu Rani will lead a 16-member Indian women's hockey team in the
Asian Games.
September 5: India's Sania Mirza and her Brazilian teammate Bruno Soares have
lifted the Mixed Doubles trophy of the US Open by defeating the American-Mexican
team of Abigail Spears and Santiago Gonzalez.
September 5: Indian Army's Lt Colonel Sudhakar Jayant completed a hat trick of
titles after clinching the gold medal for the third time at the IWF World Masters
Weightlifting Championships in Copenhagen, Denmark.
September 7: World number one Serena Williams on 7 September 2014 won her
third consecutive US Open trophy.
September 9: Croatia's Marin Cilic has won Men's Singles title at the US Open
Tennis. Cilic defeated Kei Nishikori of Japan.
September 9: The International Cricket Council, ICC, suspended Saeed Ajmal,
Pakistan's off spin bowler, for illegal action.
September 12: Chitresh Tatha, 12, is the youngest sailor to represent India at the
2014 Asian Games.
September 16: Sabine Lisicki won her first WTA title in three years by defeating
Karolina Pliskova 7-5, 6-3 in the final of the Hong Kong Open.
September 16: USA won FIBA Basketball World Cup 2014 by defeating Serbia. The
World Cup was held at Madrid, Spain.

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September 17: Young Indian shuttler H.S. Prannoy clinched the maiden title of his
career after winning the Indonesian Masters Grand Prix Gold after defeating local
favourite Firman Abdul Kholik in the finals played at Palembang, Indonesia.
September 17: Meghalaya's Edward Mawthoh has bagged a bronze medal at the
World Kickboxing Championships 2014 held in Italy.
September 18: AIBA Executive Committee Bureau formally recognised Boxing India
as the provisional AIBA National Federation to represent the sport of boxing in India.
September 19: India slipped eights places to be ranked 158th in the latest FIFA
rankings headed by World Champions Germany.
September 19: 17th Asian Games begins at the coastal city of Incheon in South
Korea.
In the athletes march past, Indian hockey captain Sardar Singh led the country's
contingent. Nepal led the march past.
September 20: The Olympic Council of Asia (OCA) executive board approved
Indonesia as hosts for the 2018 Asian Games which faces a growing battle to find
venues because of the cost.
September 21: Li Na, a two-time Grand Slam champion from China who took tennis
in Asia to a new level, has retired due to recurring knee injuries.
September 22: New York-listed World Wrestling Entertainment (WWE), along with
Ten Sports channel, will invest a little over $100 million ( Rs 600 crore) in the Indian
sporting related entertainment market, according to sources.
September 22: Indian tennis ace Sania Mirza and her Zimbabwean partner Cara
Black have bagged the women's doubles title at the WTA Toray Pacific Open
tournament.
September 23: Ace Indian shooter Jitu Rai clinched a historic gold in the 50m Pistol
and Shweta Chaudhry gave India first medal by clinching bronze in the Women 10m
Air Pistol Finals.
September 23: Hockey India (HI) inducted Hockey Village India (HVI) as an Academy
Member to reach out to underprivileged children who are keen to make a career in
the sport.
Note: At present, Hockey India has 26 permanent Members, 23 associate Members,
one Member through State Olympic Associations, eight Academy Members and one
Hoc-Key Member.
September 23: Saurav Ghosal became the first Indian to enter the Asian Games final,
beating 2006 champion Ong Beng Hee.
September 24: The IPTL, brainchild of Mahesh Bhupathi, announced that Swiss great

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Roger Federer will replace Rafael Nadal in the Indian team for the new tennis league
as the Spaniard has pulled out due to injury.
Note: i. The league will kick off on November 28 in Manila and conclude in Dubai on
December 13.
ii. The Delhi leg will be played from December 6-8 at Indira Gandhi Indoor stadium.
September 24: Shooter Abhinav Bindra broke his Asian Games jinx by clinching his
first individual medal a bronze in the mens 10m air rifle and then said it could
be his last major international competition as he has decided to become a hobby
shooter from now on.
September 24: International Cricket Council has announced that ICC World Cricket
League, WCL Division 3 will be held in Malaysian capital Kuala Lumpur from 23rd to
30th October.
September 24: On 5th day of Incheon Asian Games, India has bagged a Bronze in
Rowing. This was India's 10th Bronze of the Incheon Games.
September 25: Marvan Atapattu's appointment as Sri Lanka's first full-time local
coach in 15 years has been confirmed by Sri Lanka Cricket, following a six-week
vetting process, and his three-month tenure as interim coach.
September 25: Indian rowers were the star performers, bagging two bronze medals,
while the unheralded women shooters added another bronze as India maintained
their 15th position in the overall standings with a tally of 15 in the 17th Asian Games
in Incheon.
September 26: Cricketer Sachin Tendulkar and Steve Waugh of Australia were
selected as Bradman Honouree 2014.
September 27: The working committee of the BCCI retained former India all-rounder
Ravi Shastri as the Director of the Indian cricket team till the ICC World Cup next
year.
September 27: Creating a landmark in the history of Indian sports, India beat hosts
and World champions South Korea in the men's compound archery team final at the
Gyeyang Asiad Archery Field for the country's second gold of 17th Asian Games.
September 28: Indian Men's Squash team scripts history as they won the first ever
Gold medal in the Asiad. They defeated Malayasin Team 2-Nil to fetch the gold. This
was fourth medal from squash in this Asian Games.

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September 29: Yogeshwar Dutt ended Indias 28-year-old wait for a wrestling gold
medal in the Asian Games by emerging champion in the mens freestyle 65kg
category at the Dowon Gymnasium in Incheon.
September 29: Khushbir Kaur became the first Indian woman to win a medal in race
walking in the Asian Games as she clinched silver in 20km event on the second day of
the athletics competition.
September 29: Indian pair of Sania Mirza and Prarthana Thombare settled for a
bronze after losing their womens doubles semifinal to Chinese Taipeis Chin Wei
Chan and Su Wei Hsiehin in the Asian Games, in Incheon.
September 30: India's Seema Poonia grabbed gold in the women's discus throw
event. This is India's fifth gold. Seema threw 61.03 meters to bag the gold.
September 30: Veteran Indian star Leander Paes has lifted the ATP Malaysian Open
title with new partner Marcin Matkowski.
September 30: Europe has retained Golf's Ryder Cup, easily defeating the United
States for its eighth victory in the last 10 times in the biennial event.

EULOGIES THIS MONTH

September 1: Renowned Telugu filmmaker Sattiraju Lakshminarayana nicknamed
Bapu died in Chennai. He passed away due to a cardiology-related ailment. He was
80.
September 2: Former foreign secretary and a member of the Indian Foreign Service
AP Venkateshwaran died at 84.
September 3: Former Attorney General of India Goolam Essaji Vahanvati died of a
heart attack in Mumbai at 65.He was the first Muslim to become India's Attorney
General.
September 5: Legendary US comedian and talk-show host Joan Rivers died at 81.
September 9: A former NASA chief scientist Dr. Noel W due to brain tumor at 78.

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He was involved in the scientific exploration of the moon for the Apollo program and
later oversaw projects such as the Mars Surveyor Program.
September 11: Actor Richard Kiel who played steel-toothed villain role in two James
Bond films died at 74.
September 12: Freedom fighter and veteran journalist Jitendra Chandra Paul died.
September 15: Educationist Kireet Joshi died. He was a former education adviser to
the Union government in 1976.
September 15: Yoshiko Yamaguchi, the film actress of Japan died due to heart
failure. She was 94. She was known as Rikoran and Shirley Yamaguchi in the US.
September 19: Dr. Shakeel Auj, a liberal religious scholar and professor and a dean
of Islamic Studies at Karachi University was shot dead.
September 20: Music Maestro Mandolin player Uppalapu Srinivas died.
September 23: The veteran cricket historian and statistician Anandji Dossa died.
September 30: Former International cricket umpire Mohammad Ghouse died.
September 30: Bibi Prakash Kaur, the last surviving real sister of martyr Bhagat Singh
died.
MISCELLANEOUS NEWS THIS MONTH
September 1: India will have Asia's first Ballistic Research Centre which will help it in
achieving self-reliance in testing of armored vehicles.
The research centre will soon be functioning at Gujarat Forensic Science University,
GFSU, in Gandhinagar.
September 2: The revived Nalanda University on 1 September 2014 started its first
session with 15 students in its makeshift campus at the Buddhist pilgrim town of
Rajgir, about 100 km from Patna.

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Note: Nalanda University Vice-Chancellor - Gopa Sabharwal

Chairman of the Governing Body of the university - Economist Amartya Sen
September 2: Japan agreed to work with India in developing a treatment for the
sickle cell anaemia.
September 3: A study by KPMG-FICCI says India ranks among the top three medical
tourism destinations in Asia.
September 3: The Indian Green Building Council announced three rating systems to
cover schools, metro rail projects and new buildings.
September 4: Health Minister Harsh Vardhan launched India's first National AntiTuberculosis Drug Resistance Survey in New Delhi.
September 8: The country's first wholesale centre (mandi) for trading in fruit and
vegetables outside the jurisdiction of an Agriculture Produce Marketing Committee
(APMC) is coming up at Alipur in north Delhi.
September 9: H. Devaraj Committee reported that most of the deemed universities
are not fit for being a university.
September 9: Gujarat Forensic Science Laboratory, which provides services to
various companies for testing of armour panels and bullet-proof jackets, is likely to
soon tie-up with a US-based firm to share best practices in the field of ballistic
testing.
September 15: Naseeruddin Shah's autobiography "And Then One Day", released
recently. Shah started writing about his life in 2002.
September 17: Researchers at the University of Missouri (US)have created a longlasting and more efficient nuclear battery that could be used as a source of reliable
energy in automobiles and space flight.
September 18: Former Director General of Police of Assam, Sanker Baruah
committed suicide, he shot himself down with his. His suicide came after CBI raided

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his residence during the course of investigation of multi-crore Saradha chit fund
case.
September 19: Scotland has rejected independence and decided to stay with United
Kingdom.
September 20: NASAs MAVEN spacecraft began orbiting Mars on a mission to study
how the Red Planets climate changed over time from warm and wet to cold and dry.
September 23: Alliance Air, the wholly owned subsidiary of Air India, signed a
Memorandum of Understanding with the North East Council for flight operations in
the North East.
September 27: Tamil Nadu Chief Minister J Jayalalithaa was convicted under
prevention of corruption act by a special court in Bangalore. She has been given a jail
term of 4 years by the bangalore special court and slapped a fine of 100 crores.
September 29: World Heart Day was observed on 29th September.

RECURRING TERMS IN NEWSPAPER THIS MONTH

BIMSTEC: The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic
Cooperation (BIMSTEC) is an international organisation involving a group of
countries in South Asia and South East Asia. These are: Bangladesh, India, Myanmar,
Sri Lanka, Thailand, Bhutan and Nepal.
BASEL III: Basel III (or the Third Basel Accord) is a global, voluntary regulatory
standard on bank capital adequacy, stress testing and market liquidity risk. It was
agreed upon by the members of the Basel Committee on Banking Supervision in
201011, and was scheduled to be introduced from 2013 until 2015; however,
changes from 1st April 2013 extended implementation until 31 March 2018. The
third installment of the Basel Accords (see Basel I, Basel II) was developed in
response to the deficiencies in financial regulation revealed by the late-2000s
financial crisis. Basel III was supposed to strengthen bank capital requirements by
increasing bank liquidity and decreasing bank leverage.

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Key principles of BASEL III

Capital requirements: The original Basel III rule from 2010 was supposed to require
banks to hold 4.5% of common equity (up from 2% in Basel II) and 6% of Tier I capital
(up from 4% in Basel II) of "risk-weighted assets" (RWA). Basel III introduced
"additional capital buffers", (i) a "mandatory capital conservation buffer" of 2.5%
and (ii) a "discretionary counter-cyclical buffer", which would allow national
regulators to require up to another 2.5% of capital during periods of high credit
growth.
Leverage Ratio: Basel III introduced a minimum "leverage ratio". The leverage ratio
was calculated by dividing Tier 1 capital by the bank's average total consolidated
assets; The banks were expected to maintain a leverage ratio in excess of 3% under
Basel III. InSeptember 2013, the US Federal Reserve Bank announced that the
minimum Basel III leverage ratio would be 6% for 8 Systemically important financial
institution (SIFI) banks and 5% for their insured bank holding companies.
LIQUIDITY REQUIREMENTS: Basel III introduced two required liquidity ratios.[6] The
"Liquidity Coverage Ratio" was supposed to require a bank to hold sufficient highquality liquid assets to cover its total net cash outflows over 30 days; the Net Stable
Funding Ratio was to require the available amount of stable funding to exceed the
required amount of stable funding over a one-year period of extended stress.
Monetary Policy: Monetary policy is the process by which monetary authority of a
country, generally a central bank controls the supply of money in the economy by its
control over interest rates in order to maintain price stability and achieve high
economic growth. In India, the central monetary authority is the Reserve Bank of
India (RBI) is so designed as to maintain the price stability in the economy.
Public Private Partnership : A publicprivate partnership (PPP) is a government
service or private business venture which is funded and operated through a
partnership of government and one or more private sector companies. These
schemes are sometimes referred to as PPP, P3 or P3. PPP involves a contract
between a public sector authority and a private party, in which the private party

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provides a public service or project and assumes substantial financial, technical and
operational risk in the project.
BANCASSURANCE: Bancassurance or Bank Insurance Model refers to the distribution
of the insurance and related financial products by the Banks whose main business is
NOT insurance. So, simply Bancassurance, i.e., banc + assurance, refers to banks
selling the insurance products. Bancassurance term first appeared in France in 1980,
to define the sale of insurance products through banks' distribution channels.
Benefits: It helps both the banks and Insurance Companies as follows: This is a
referral business in which the banks tend to leverage the existing clientele. Insurance
companies get the benefit because they can have distribution relationships with
multiple insurers. Business Model: For Bancassurance, the Banks need to obtain a
prior license from the IrDA or Insurance Regulatory and Development Authority, so
that they can work as "Composite Corporate Agent" or may have "Referral
Arrangement" with the Insurance Companies.
GENERAL ANTI AVOIDANCE RULES (GAAR) : GAAR limits avoidance of taxes. It was
proposed by the then finance minister Mr. Pranab Mukherjee ( now president),
introduced to chapter X-A to the income tax Act 1961. It directly targets the tax
evaders. In Indian law, GAAR is an acronym for General Anti-Avoidance Rules which
are framed to minimize tax avoidance, for example by siphoning off profits to tax
havens.

ABBREVIATIONS THIS MONTH

CCEA :

Cabinet Committee on Economic Affairs

PMJDY:

Pradhan Mantri Jan-Dhan Yojana

ISIS:

Islamic State of Iraq and Syria

MCA:

Model Concession Agreement

MEDA:

Mars Environmental Dynamics Analyzer

CSF :

Commonwealth Shooting Federation

NCDEX :

National Commodity & Derivatives Exchange Ltd.

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CMSA :

Chief Minister's Social Assistance

OECD :

Organisation for Economic Co-operation and Development

SMAP:

Soil Moisture Active Passive

UNSC :

United Nations Security Council

ICHR :

Indian Council of Historical Research

DERC :

Delhi Electricity Regulatory Commission

NCRDBD :

National Centre for Research & Development in Bulk Drugs

NBA :

National Basketball Association

NGRBA :

National Ganga River Basin Authority

RRTS:

Regional Rapid Transit System

ICANN:

Internet Corporation for Assigned Names and Numbers

IPDS:

Integrated Processing Development Scheme

SNIF:

Special National Investment Fund

IMPORTANT DAYS THIS MONTH

5 September: Teachers Day (Birth Day of S. Radhakrishnan)
8 September: World Literacy Day
14 September:

World Fraternity and Apology Day

14 September:

Hindi Diwas ( Day)

15 September:

Engineers Day

16 September:

World Ozone Day

20 September:

Railway Police Force (RPF) Foundation Day

21 September:

Alzheimers Day

24 September:

World Deaf Day and World Heart Day

27 September:

World Tourism Day

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SPECIAL FEATURES OF THE MONTH

Asian Games 2014
The 2014 Asian Games, officially known as the XVII Asiad, was a multi-sport event
celebrated in Incheon, South Korea from September 19 October 4, 2014, with 439
events in 36 sports and disciplines featured in the Games. Next Asian Games 2018
will be held inJakarta, Indonesia. Vietnam had originally been picked to host the
18th Games in 2019, but withdrew blaming fallout from an economic crisis.
Indonesia immediately became favourites to host the 2018 Asian Games.

BACKGROUND
The Asian Games, also known as Asiad, is a Pancontinental multi-sport event held
every four years among athletes from all over Asia. The Games were regulated by
the Asian Games Federation (AGF) from the first Games in New Delhi, India, until
the 1978 Games. Since the 1982 Games they have been organized by the Olympic
Council of Asia (OCA), after the breakup of the Asian Games Federation. The Games
are recognized by the International Olympic Committee (IOC) and are described as
the second largest multi-sport event after the Olympic Games.
Incheon was awarded the right on April 17, 2007, defeating Delhi, India to host the
Games.

Incheon

was

the

third

city

in

South

Korea

after Seoul (1986)

and Busan (2002) to host the Asian Games.

Slogan
Unveiled on September 16, 2010, "Diversity Shines Here" is the official slogan of the
Games. It represents and highlights the significance of Asias wonderful diversity in
history, cultures, and religions.

Theme
The theme of the 2014AsianGames is Meet Asias Future.

Mascot
The Official Mascot of the Asian Games 2014 is the Harbour Seal Siblings - Barame,
Chumuro and Vichuon means wind, dance and light in Korean language. They were
chosen above the famous landmark in South Korea because of they will act as the
peace messengers between South and North Korea.

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DEFENDING CHAMPIONS
China set a new Asian Games record with 416 medals including 199 gold medals.
They have been defending table toppers for the eighth consecutive time with China
leading the final medal tally with South Korea (232) and Japan (216) were placed
third in the medal table.

Events
The number of events in the Asian Games 2014 is 439 in 36 sports and disciplines.
They are Aquatics (Diving, Swimming, Synchronized swimming, Water polo), Archery,
Athletics, Badminton, Baseball (Baseball, Softball), Basketball, Bowling, Boxing,
Canoeing, Sprint, Slalom, Cricket, Cycling (BMX, Mountain bike, Road, Track),
Equestrian (Dressage, Eventing, Jumping), Fencing, Field hockey, Football, Golf,
Gymnastics (Artistic, Rhythmic, Trampoline), Handball, Judo, Kabaddi, Karate,
Modern pentathlon, Rowing, Rugby sevens, Sailing, Sepaktakraw, Shooting, Squash,
Table tennis, Taekwondo, Tennis (Tennis, Soft tennis), Triathlon, Volleyball (Beach
volleyball, Volleyball), Weightlifting, Wrestling, Wushu. In addition, eight nonOlympic sports will be featured: baseball, ten-pin bowling, cricket, kabaddi, karate,
sepak takraw, squash and wushu.
Medal Tally
China led the medal table for the ninth consecutive time. Cambodia won their first
Asian Games gold medal in taekwondo.37 NOCs won at least a one medal and 28
NOCs won at least one gold medal. 8 NOCs failed to win any medal at the Games.
India finished at 8th position in the 2014 Asian Games with 57 medals tally
comprising 11 gold, 10 silver and 36 bronze.
Kosuke Hagino of Japan (Swimmer) is announced as the most valuable player.
Hammer thrower Manju Bala's medal was upgraded from bronze to silver after a
Chinese competitor Zhang Wenxiu who finished ahead of her was caught for doping.

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Zhang Wenxiu is the sixth athlete to be kicked out of the Asian Games in Incheon,
South Korea for doping and the second gold medal-winner after Malaysia's wushu
champion Tai Cheau Xuen.

The top ten ranked NOCs at these Games are listed below. The host nation, South
Korea, is highlighted.

Nation

Gold

Silver

Bronze

Total

China (CHN)

151

108

83

342

South Korea (KOR)

79

71

84

234

Japan (JPN)

47

76

77

200

Kazakhstan (KAZ)

28

23

33

84

Iran (IRI)

21

18

18

57

Thailand (THA)

12

28

47

North Korea (PRK)

11

11

14

36

India (IND)

11

10

36

57

Chinese Taipei (TPE)

10

18

23

51

10

Qatar (QAT)

10

14

439

439

576

1454

Total

India at Asian Games

India competed at the 2014 Asian Games in Incheon, South Korea, from 19
September to 4 October 2014. After 16 years India won the Gold medal in Asian
Games men's hockey tournament, and consequently earned a direct berth to the
2016 Summer Olympics hockey tournament.
Sardar Singh, captain of the mens hockey team is the Indian contingents flag bearer
at 17th Asian Games.

List of India's medal winners:

1. ARCHERY (1 Gold, 1 Silver, 2 Bronze)

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Gold: 1.

Rajat Chauhan, Sandeep Kumar and Abhishek Verma in Compound

Men's Team
Silver: 1. Abhishek Verma in Compound Men's Individual
Bronze:

1. Trisha Deb in Compound Women's Individual

2. Purvasha Shende, Jyothi Vennam, Trisha Deb in Women's
Compound Team

2. ATHLETICS (2 Gold, 3 Silver, 8 Bronze)

Gold:

1. Priyanka Pawar, Tintu Luka, Mandeep Kaur and Poovamma

Machettira in women's 4x400m Relay.
2. Seema Punia in Women's Discus Throw

Silver:

1. Khushbir Kaur in Women's 20km Race Walk

2. Vikas Gowda in Men's Discus Throw
3. Tintu Luka in Women's 800m

4. Manju Bala in Women's

Hammer Throw
Bronze:

1. Rajiv Arokia in Men's 400m

2. Poovamma Maachettira in Women's 400m
3. Lalita Babar in Women's 3000m Steeplechase
4. OP Jaisha in Women's 1500m
5. Naveen Kumar in Men's 3000m Steeplechase
6. Inderjeet Singh in Men's Shot Put
7. Annu Rani in Women's Javelin Throw

3. BADMINTON (1 Bronze)

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Bronze:

1. Ashwini Ponnappa, PC Thulasi, Tanvi Uday, Pradnya Gadre,

Saina Nehwal, PV Sindhu, Sikki Reddy in Women's Team

4. BOXING (1 Gold, 4 Bronze)

Gold: 1. MC Mary Kom in Women's Fly (48-51kg)
Bronze:

1.Vikas Krishan in Men's Middle (75kg)

2. Satish Kumar in Men's Super Heavy (+91kg)
3. L Sarita Devi in Women's Light (57-60kg)
4. Pooja Rani in Women's Middle (69-75kg)

5. HOCKEY (1 Gold, 1 Bronze)

Gold:

Men's Team

Bronze:

Women's Team

6. KABADDI (2 Gold)
Gold: Men's Team, Women's Team
7. ROWING (3 Bronze)
Bronze:

1. Swarn Singh in Men's Single Sculls

2. Kapil Sharma, Ranjit Singh, Bajrang Lal Takhar, Robin
Ulahannan, Sawan Kumar, Mohammad Azad, Maninder Singh,
Davinder Singh, Mohammed Ahmed in Men's Eight
3. Dushyaht Dushiant in Lightweight Men's Single Sculls

8. SAILING (1 Bronze)
Bronze:

1. Varsha Gautham and Aishwarya Nedunchezhiyan in 29er

Women's Two Person Dinghy

9. SHOOTING (1 Gold, 1 Silver, 7 Bronze)

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Gold:

Jitu Rai in Men's 50m Pistol

Silver:

1. Pemba Tamang, Gurpreet Singh and Vijay Kumar in Men's 25m

Centre Fire Pistol Team

Bronze:

1. Shweta Chaudhry in Women's 10m Air Pistol

2. Rahi Sarnobat, Anisa Sayyed and Heena Sidhu in Women's
25m Pistol Team
3. Shagun Chowdhary, Shreyasi Singh and Vasha Varman in
Women's Double Trap Team
4. Abhinav Bindra in Men's 10m Air Rifle
5. Chain Singh in Men's 50m Rifle 3 Positions
6. Abhinav Bindra, Ravi Kumar and Sanjeev Rajput in Men's 10m
Air Rifle Team
7. Jitu Rai, Samaresh Jung and Prakash Nanjappa in Men's 10m
Air Pistol Team

10. SQUASH (1 Gold, 2 Silver, 1 Bronze)

GOLD:

Saurav

Ghosala,

Harinder

Pal

Singh

Sandhu,

Mahesh

Mangaonkar, Kush Kumar

SILVER:

1. Saurav Ghosal in Men's Singles

2. Dipika Pallikal, Joshana Chinappa, Anaka Alankamony and
Aparajitha Balamurukan in Women's Team

BRONZE: Dipika Pallikal in Women's Singles

11. SWIMMING (1 Bronze)
BRONZE: Sandeep Sejwal in Men's 50m Breaststroke
12. TENNIS (1 Gold, 1 Silver, 3 Bronze)

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Gold:

Sania Mirza and Saketh Myneni in Mixed Doubles

Silver:

Saketh Myneni and Sanam Singh in Men's Doubles

Bronze:

1. Yuki Bhambri in Men's Singles

2. Yuki Bhambri and Divij Sharan in Men's Doubles
3. Sania Mirza and Prarthana Thombare in Women's Doubles

13. WRESTLING (1 Gold, 1 Silver, 3 Bronze)

Gold:

Yogeshwar Dutt in Me's Freestyle 65kg

Silver:

Bajrang in Men's Freestyle 61kg

Bronze:

1. Vinesh in Women's Freestyle 48kg

2. Geetika Jakhar in Women's Freestyle 63kg
3. Narsingh Yadav in Men's Freestyle 74kg

14. WUSHU (2 Bronze)

Bronze:

1. Narender Grewal in Men's Sanda -60kg

2. Santhoi Devi in Women's Sanda -52kg

Important Points:
1. Saurav Ghosal became the first Indian to enter the Asian Games final in
Squash
2. Dipika Pallikal won bronze medal the first by an Indian woman squash
player
3. Khushbir Kaur (21-year-old) became the first Indian woman to win a
medal in race walking in the Asian Games
4. Indian boxer L Sarita Devi stunned officials and spectators by refusing to
accept the bronze medal, match held b/w South Korea's Jina Park

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5. M C Mary Kom became the first Indian woman boxer to clinch a gold
medal at the Asian Games

PRADHAN MANTRI JAN DHAN YOJANA

Under the Pradhan Mantri Jan Dhan Yojana, the overdraft facility initially offered
by banks will be less than Rs 5,000, the highest under the scheme. Based on credit
history, lenders might extend the amount at a later stage.
Earlier, the finance ministry had clarified a lower amount might be extended under
the overdraft scheme. Under this, on opening a bank account, holders are eligible for
an overdraft facility of Rs 2,000, which can be extended up to Rs 5,000, based on the
consumers credit and transaction history. Account holders will also get
a RuPay debit card with an accident cover of Rs 1,00,000. Also, those opening
accounts by January 26 will be entitled to an additional life insurance cover of Rs
30,000.
The government plans to open 75 million accounts by January 26, 2015. On the day
the Jan Dhan Yojana was launched, 15 million accounts were opened under the
scheme.
The mission mode objective of the PMJDY consists of 6 pillars. During the 1st year of
implementation under Phase I (15th August, 2014-14th August,2015), three Pillars
namely(1)Universal access to banking facilities (2) Financial Literacy Programme and
(3) Providing Basic Banking Accounts with overdraft facility of Rs.5000 after six
months and RuPay Debit card with inbuilt accident insurance cover of Rs 1 lakh and
RuPay Kisan card, will be implemented.
Phase II, beginning from 15th August 2015 upto15th August,2018 will address
(1) Creation of Credit Guarantee Fund for coverage of defaults in overdraft A/Cs
(2) Micro

Insurance

and

(3) Unorganized

sector

Pension

schemes

like

Swavlamban. In addition, in this phase coverage of households in hilly, tribal and

difficult areas would be carried out. Moreover, this phase would focus on coverage
of remaining adults in the households and students.

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The implementation strategy of the plan is to utilize the existing banking

infrastructure as well as expand the same to cover all households. While the existing
banking network would be fully geared up to open bank accounts of the uncovered
households in both rural and urban areas, the banking sector would also be
expanding itself to set up an additional 50,000 Business correspondents (BCs), more
than 7000 branches and more than 20000 new ATMs in the first phase .A
comprehensive plan is necessary considering the past experience where a large
number of accounts opened remained dormant, resulting in costs incurred for banks
and no benefits to the beneficiaries. The plan, therefore, proposes to channel all
Government benefits (from Centre/State/Local body) to the beneficiaries to such
accounts and pushing the Direct Benefits Transfer (DBT) scheme of the Union
Government including restarting the DBT in LPG scheme. MGNREGS sponsored by
Ministry of Rural Development (MoRD, GoI) is also likely to be included in Direct
Benefit Transfer scheme.
Keeping the stiff targets in mind, in the first phase, the plan would focus on first
three pillars in the first year starting from 15th August, 2014.The target for setting
up additional 50,000 BCs is quite challenging given the constraints of telecom
connectivity. In order to achieve this plan, phase wise and State wise targets for
Banks have been set up for Banks for the period 15th August, 2014 to 14th August,
2015. Roles of various stakeholders like other Departments of the Central
Government, State Governments, RBI, NABARD, NPCI and others have been
indicated. Gram Dak Sewaks in rural areas are proposed as Business Correspondent
of Banks. Department of Telecom has been requested to ensure that problems of
poor and no connectivity are resolved. It is understood that of the 5.93 lakh
inhabited villages in the country (2011 census) only about 50,000 villages are not
covered with Telecom connectivity.
While the film on Financial Inclusion and the Mission Document on Financial
Inclusion scheduled for release at launch, are expected to help in creating
awareness, the account opening kit and the mobile banking facility on the basic
mobile phone (USSD) envisaged on the occasion indicates the concerns of the
government to end financial exclusion and usher in a new chapter in countrys

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governance for the people. In Prime Ministers own words this Pradhan Mantri Jan
Dhan Yojana lies at the core of this governments development philosophy of Sab Ka
Sath Sab Ka Vikas.

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