communication satellite GSAT-8

launched:
India's Iatest communication sateIIite GSAT-8 was
successfuIIy Iaunched by Arianespace from Kourou in
French Guiana to give a boost to direct-to-home
services in the country.
Astra Missile successfully test fired
India conducted a successfuIIy baIIistic fIight test of
indigenousIy deveIoped Astra beyond visuaI range Air-
To-Air MissiIe from the Integrated Test Range at
Chandipur.
Prithvi-II Successfully flight Tested:
NucIear weapon capabIe, surface to surface missiIe on
June 9, 2011 was successfuIIy fIight tested for its fuII
range of 350km by the Strategic Forces Command (SFC)
personneI.
Fast Attack craft INS Kabra
Commissioned
Water jet-propeIIed Fast Attack Craft (FAC) INS Kabra,
eight in a series of 10 Car Nicobar -CIass FAC's
designed and buiIt by the KaoIkata based Garden Reach
ShipbuiIders and Engineers (GRSE) for the navy was
commissioned by Vice-AdmiraI K.N ShushiI FIag Officer
Commanding -in-chief of the Southern navaI Command,
at the navaI base at Kochi .
Crompton Greaves buys US-based QEI
for $30 mn
EIectricaI equipment maker Crompton Greave has
acquired the US-based firm QEI Inc for $30 miIIion
(around Rs 135 crore). QEI, which makes automation
systems and eIectric transmission management
products, is based in New Jersey.
Revision of Base Year of All India Index
of Industrial Production
The Committee of Secretaries (COS) in its meeting
approved the reIease of the new series of Index of
IndustriaI Production (IIP) with 2004-05 as its base year
and directed that the new series of IIP may be reIeased
for the month of ApriI, 2011 onwards.
Reliance Com, Reliance Infra to move
out of sensex
Two AniI Ambani group firms, ReIiance Communications
and ReIiance Infrastructure, wiII move out of Bombay
Stock Exchange's bIue chip index Sensex in August.
WhiIe RCom wouId be repIaced by Sun PharmaceuticaIs,
ReIiance Infrastructure wouId be substituted by CoaI
India on the 30 share index.
India signs pact with ADB
India signed on June 15, 2011 two Ioan agreements
worth $432 miIIion with muItiIateraI funding agency
Asian DeveIopment Bank.

$1 Billion World Loan for cleaning Ganga
India inked a Ioan agreement with the WorId Bank on
June 14, 2011 to bring in funds to cIean the Ganga.
SEBI launches Complaints Redressal
System
The Securities Exchange Board of India has Iaunched a
centraIised web-based compIaints redress system
(SCORES). SCORES has been deveIoped by NationaI
Informatics Centre, GOI.
India could be world's 3rd largest
economy by 2030
GIobaI banking giant Standard Chartered said that India
couId emerge as worId's 3
rd
Iargest economy by 2030,
benefiting from strong domestic demand and favourabIe
demographics.
China becomes World's biggest energy
Consumer
According to StatisticaI review of worId energy 2011
report reIeased by Bharat PetroIeum on June 9, 2011;
China has become the worId's Iargest energy consumer
overtaking US.
India Overtook Spain to become the
11th Largest Insurance Market in the
World
According to the report compiIed by Swiss Re named
WorId Insurance in 2010, and pubIished on 6 JuIy 2011,
India overtook Spain to become the 11th Iargest
insurance market in the worId. Indian insurance market
jumped up 10 pIaces in the Iast decade. India's market
share increased because of the shrinkage in severaI
European markets. USA is the Iargest insurance market
in the worId.
World Bank to fuWorld Bank to fund
$648 Million for the Construction of the
Hydro-Power Plant in Uttrakhandnd
$648 Million for the Construction of the
Hydro-Power Plant in Uttrakhand:
WB to fund a loan assistance of $648 million for the
construction of the Vishnugad Pipalkoti Hydroelectric
Plant on the Alaknanda river in Uttarakhand
Eight Indian Companies featured in
World's 500 Largest Companies compiled
by Fortune Magazine
Eight Indian companies, incIuding Indian OiI Corporation
(IOC) and MukeshAmbani-Ied ReIiance Industries
Limited (RIL) featured in the Iist of the worId's 500
Iargest companies compiIed and reIeased by Fortune
magazine on 11 JuIy 2011. The other Indian companies
on the Iist are: SBI (282), BPCL (307), HPCL (354), Tata
SteeI (410), ONGC (413) and Tata Motors (442).
O Business and PoIity-Dynamics of Changing
ReIationship!-by D.N. Ghosh
O River of Smokey Amitav Ghosh
O India: A Portrait y Patrick French
O The Tradition of Non-Use of NucIear Weapons- y T.V.
Paul
Miscellaneous GK July-August 2011
O The world's longest sea bridge, spanning 36.48 km across
the mouth of the Jiaozhou ay in eastern Shandong
Province, opened to traffic four years after construction
started.
O TCS (Tata Consultancy Service) has become ndia's third
most valued company in terms of market capitalistion as the
software giant replaced ONGC's place.
O ndia will be world's third largest light vehicle market by 2020
after China and the US.
O Free Education to be extended up to class X as decided in
the meeting of Central Advisory oard of Education held in
New Delhi on June 7, 2011.
O ndia is the 4
th
most dangerous country for women in the
world.
O Actor Aamir Khan appointed as the rand Ambassador for
ndia's Ministry of Women and Child Development for
spreading the message of curbing malnutrition among
children.
O Food & Drink Company Nestle acquired Majority Stakes in
Chinese Candymaker Hsu Fu Chi.
O ndian off spinner Harbhajan Singh has become the
11
th
bowler to pick up 400 wickets in Tests.
O The Delhi airport will get tallest Air traffic control tower in the
country. At 100 mtr, the new tower will be taller than the
Qutab Minar (72.5m)
O Mayooka Johny bags bronze in women's triple jump event in
Asian athletics championship.
O ndia was the third largest investor in UK (ritain) during
201011 with 97 new proj ects.
O The nternational Olympic Committee (OC) announced on 6
July 2011 that Pyeongchang (South Korea) won the vote to
be the host city for the 2018 Winter Olympics.
O Jack Nicklaus voted Greatest Golf Player of the last 100
years by Golf Monthly Magazine
New Mother Child Scheme Launched:
The chairperson of United Progressive
Alliance Mrs. Sonia Gandhi launched
ambitious Janani Shishu Suraksha
Karayakram on June 1, 2011 from Mewat,
Haryana. The scheme is sponsored by The
Ministry of Health and Family welfare.
W Vasan flags off India's First Cruise
Liner "M.V. AMET Majesty":
Thiru G.K. Vasan, Honble Minister of
shipping flagged off M.V. AMET MAJESTY,
Indias first cruise liner and onboard
training ship in Chennai. Cruise shipping is
one of the fastest growing segments in the
leisure industry worldwide.
MLAs also to issue Income Certificate for
'Izzat' Scheme of Railway Travel
Ministry of Railways have decided that the
Income Certificate issued by Member of
Legislative Assemblies (MLAs) of various
States and Union Territories will also be
accepted for issue of "Izzat monthly
Season Tickets (MSTs) for the benefit of
persons working in unorganized sectors.
MSP for Kharif Crops of 2011-12:
The Cabinet Committee on Economic Affairs approved the
Minimum Support Prices (MSPs) for kharif crops of 201112
season. The MSP of Paddy (Common) has been fixed at
Rs. 1080 per quintal and of Paddy (Grade A) at Rs. 1110 per
quintal, which represent an increase of Rs. 80 per quintal
over the last year's MSPs.
Per Capita Income in 2010-11 at Rs
54,835:
Per capita income of ndians grew by 17.9 per cent to Rs
54,835 in 201011 from Rs 46,492 in the year ago period,
according to the revised data released by the government.
World's Highest Rail Bridge over Chenab
River:
The world's highest railway bridge, five times the height of
Qutub Minar and 35 metres taller than Eiffel Tower will come
up over the Chenab river on the under construction rail link to
the Kashmir Valley.
India signed a Double Taxation
Avoidance agreement (DTAA) with
Colombia
for avoidance and prevention of fiscal evasion with respect to
taxes on income emanating from either country. The DTAA
signed by Central oard of Direct taxes (CDT) Chairman
Sudhir Chandra and Colombia's Ambassador Alfredeo Pinto
Saavedra.
India to host 2013 Foreign Minister's
meet:
ndia on June 7 will host the meeting of foreign ministers of
the 46 nation Asian Europe (ASEM) forum in 2013.
2nd Africa-India Summit in Ethiopia
Prime Prime Minister Dr. Manmohan Singh was accorded a
red carpet welcome in the Ethiopian Capital Addis Ababa,
where he attended the second Africandia Forum Summit
which aims to cement ndia's ties with the resource rich
continent.
18th ASEAN Summit concludes in
Jakarta
The two day 18
th
ASEAN Summit held in Jakarta, ndonesia.
The countries which are the members of ASEAN are: runei,
Cambodia, ndonesia, Malaysia, Laos, Myanmar, Philippines,
Singapore, Thailand and Vietnam.
G 20 Agriculture Ministers Summit
The Agriculture Ministers of the G20 nations held a summit in
Paris, France on June 2223, 2011.
Global Diversity Meet
Hyderabad has been chosen over Delhi for hosting the
prestigious 11
th
Conference of Parties to the United Nations
Convention on iological Diversity in October 2012. The
conference will be attended by representatives of 194
countries.
SAFTA Ministerial Council
The Fifth Meeting of the SAFTA Ministerial Council was
hosted by Maldives in Male on 13
th
June, 2011. All SAARC
Member States participated in the meeting. The Secretary
General of SAARC inaugurated the meetings of SAFTA
Ministerial Council.
South Sudan Becomes a Nation
After more than 50 years of fighting and struggle, the
Republic of South Sudan declares its independence and
becomes Africa's 54th state. Thousands celebrate in the
streets of South Sudan's capital, Juba. Salva Kiir, South
Sudan's president, signs the interim Constitution.
Naresh Goyal
Jet airways Chairman Naresh Goyal has been reelected to
the oard of Governors of the nternational Air Transport
Association (ATA) for 201113 at the 67
th
annual meeting
held in Singapore.
Prakash Chandra
He took over as chairman of Central oard of Direct Taxes
replacing Sudhir Chandra.
James Bevan
He has been appointed ritish High Commission to ndia.
Nooyi, Sanjay Jha among the highest
paid CEOs in USA
Five ndian Americans, including PepsiCo Chief ndra Nooyi
and Motorola Mobility's Sanjay Jha, are among the highest
paid CEOs in the US.
Ban Ki Moon gets Second Term
The UN General Assembly voted to give an Ki Moon a
second term as General Secretary on June 21, 2011 of the
United Nations in New York.
Nirupama Roy
Foreign Secretary has been appointed as the next
ambassador to the United States, replacing Meera Shankar
at the end of July.
Ranjan Mathai
Ambassador to France has been appointed foreign
secretary. He will replace Nirupama Roy who retires in July.
Christine Lagarde
French Finance Minister is the first woman to be appointed
as new MF Director General.
Zhu Min
The nternational Monetary Fund named Chinese economist
Zhu Min to a new deputy managing director's position.
Sunil Mitra
Revenue Secretary Sunil Mitra on June 2011 took charge as
the Finance Secretary in place of Sushma Nath.
Harun Rashid Khan
He took over as Deputy Governor of the Reserve ank of
ndia on 4 July 2011 succeeding Shyamala Gopinath who
retired in June 2011.
Death
O M.F. Hussianndia's foremost modern painter and
internationally renowned artist passed away in London on
June 9, 2011. He was 97.
O Bhajanlalveteran politician and former Haryana chief
minister died in Hisar on June 3, 2011 following a massive
heart attack.
O Suresh Tendulkareminent economist and former
chairman of the Prime Minister's Economic Advisory Council,
died in pune on June 21, 2011. He was 72.
Deauville:
The 37
th
G8 Summit in which Canada, France, Germany,
taly, Japan, Russia, United Kingdom, United States and
European Union representatives participated was held in the
commune of Deauville in France.
Bhubaneswar
ndia's first bio culture park is proposed to be developed in
hubaneswar. The Ministry of Environment and Forest
proposes to develop a bio cultural park on 10 acres in
hubaneswar.
Hyderabad.
Hyderabad has been chosen for hosting the prestigious
11
th
Conference of the parties to the United Nations
Convention on iological Diversity in October 2012.
Singapore
Singapore will host South Asian Diaspore Convention
Programmed from July 21 to 23, 2011. t will be the first of its
kind anywhere in the world.
Man Booker International Prize
Philip Roth, one of America's most prolific an controversial
novelist, was on named winner of 60,000 Man ooker
nternational Prize awarded every two years for a body of
work published either originally in English or widely available
in English translation.
Indian American Teenager wins U.S
spelling Bee Championship
Sukanya Roy won the crown at the prestigious Spelling ee
Championship in Maryland, U.S on June 2, 2011. The 14
year old is the fourth ndianorigin student to bag top honours
at the event for correctly spelling the tongue twister
'cymotichous'.
World Food Prize 2011
Former President of Ghana, John Agyekum, Kufuor and the
former President f razil, Luiz nacio Lula da Silva, has been
chosen for the World Food Prize 2011 "for their personal
commitment and visionary leadership while serving as the
presidents of Ghana and of razil, respectively, in creating
and implementing government policies to alleviate hunger
and poverty in their countries.
G.D. Birla Award:
Professor Subhasis Chaudhuri of ndia nstitute of
Technology, Mumbai has been selected for the prestigious
G.D. irla Award for scientific Research. He is getting the
award for his 'important contributions' in the area of
electronic communications. The award carries a cash prize
of Rs. 1.50 lakh and is given to the scientists below the age
of 50.
C.K. Nayudu Lifetime Achievement
Award
Salim Durrani became the 18
th
cricketer to be named for the
C.K. Nayudu Lifetime Achievement award by the CC this
year.
Two Indian Companies win Green energy
Awards
Two ndian companies won 20000 pounds prizes each at
Ashden Green energy Awards considered the Green Oscars.
The award winners were Abellon Clean Energy Ltd, Gujarat
and husk Power systems, ihar. The overall Gold Medal
winner was from Ghana.
Novak Djokovic wins Serbia Open
Serbia's Novak Djokovic defeated Spain's Feliciano Lopez at
elgrade in the Serbia Open Tennis Championship. t was
his fifth and 27
th
straight victory for this season.
Novak Djokovic and Petra Kvitova
champion of Madrid Open 2011
World number two novak Djokovic o Serbia won the Mutua
Madrid Open 2011 Men's Singles final after beating top
ranked Rafael Nadal of Spain at Madrid, Spain and in
women's singles Petra Kvitova defeated Victoria Azarenka. t
was her third title of this season.
Mary Kom bags Gold Medal in Asian
Championship
Five times World Champion MC Mary Kom won her first gold
medal this year by finishing on top in the Asian Cup women's
oxing tournament in Haikou, China. she claimed the gold
after beating Asian Champion Kim Myong Sim of North
Korea.
78 Gold at Special Olympics World
Summer Games for India
Team representing ndia won 243 Medals for the Country at
the Special Olympics World Summer Games held in Athens.
The medals include 78 Gold, 73 Silver and 92 ronze. The
team's Athens Rollers Skating bagged the maximum 31
Gold.
World Billiards Meet
Seven time international illiards champion Pankaj Advani,
National Champion Alok Kumar and former world illiard
champion Geet Sethi were selected to represent ndia in the
World illiards meet to be held at Carlow, reland from 23 to
30 August 2011.
Gary Kristen
who guided ndia to CC World Cup title two months ago,
was named coach of his native South Africa on June 2011
Wimbledon Open 2011
O Men's SingIes- Novak Djokovic
O Women's SingIes- Petra kvitova
O Men's DoubIe ob ryan & Mike ryan
O Women's DoubIe Kveta Peschke & Katrina Srebotnik
O Mixed DoubIes Jurgen Melzer & veta enesova
French Open 2011
O Location - Paris, France
O Men's Singles -Rafael Nadal
O Women Singles- Li Na
O Men's Doubles- Max Mirnyi/Daniel
Nestor
O Women'sDoubles-Andrea
Hlavackova/Lucie Hradeckaa
O ixed Doubles - Casey Dellacqua/Scott Lipsk
Jarbom Gamlin
e is the new ChieI Minister oI Arunachal Pradesh
replacing Dorjee Khandu who was killed in a
helicopter crash.
Anup Bagchi
Anup Bagchi will take over as the MD & CEO oI
ICICI Securities on May 1, 2011 Irom
Madhabi Puri Buch.
Yoginder Singh
e is the new Chairman oI DSA (Direct Selling
Association)
Kanishtha Dhankar
Mumbai`s Kanishtha Dhankar is the new Miss
India World 2011.
UK Sinha
SEBI Chairman UK Sinha has been elected as the
Chairman oI the Asia PaciIic Regional
Committee APRC oI the International
Organsiation oI Securities Commission
(IOSCO) which is international standard setter
oI securities market.
K. Hazarika
He has been appointed as acting Chairman of ONGC and
S.V. Narasimhan as interim head of OC.

Rajendra S. Pawar: NASSCOM appointed Rajendra S.
Pawar as the new chairman of its Executive Council.
B. Muthuraman
Tata Steel Vice Chairman B.
Muthuraman has been elected as the
new President of the Confederation
of Indian Industry for 2011-12.
OR K Upadhyay The government today finally
appointed Rakesh Kumar Upadhyay as the
Chairman and Managing Director of telecom giant
BSNL
eSukhadeo Thorat is new ICSSR chairperson:The
Indian Council of Social Science Research
(ICSSR) has nominated Sukhadeo Thorat as its
chairperson for three years.
Mallya is new Chairman of IBA
The Managing Committee oI the Indian Banks
Association selected Mr. M.D. Mallya,
Chairman and Managing Director, Bank oI
Baroda, as the Association's new Chairman.
Mallya succeeds O. P. Bhatt, Chairman, State
Bank oI India.
DEATHS

Arjun Singh Veteran Congress leader & Iormer
Union Minister Arjun Singh died oI heart attack
on March 8
th
2011.
avin ischol Noted Bollywood Actor Navin
Nischol passed away in Mumbai on March
19
th
2011 Iollowing a massive heart attack.
lizabeth Taylor Legendary ollywood actress
and violet eyed beauty Elizabeth Taylor who
captured hearts in National Velvet to launch a
Iilm career spanning Iive decades died on
March 23
rd
2011.
Ranchi
The capital oI Jharkhand where 34
th
National
games oI India were held in which services
combined team oI Indian Armed Forces
retained overall title with 70 gold medals.
Higher ducation Summit 2011igher
Education Summit 2011 was hosted by the
Centre Ior Science & development & Media
studies in the capital.
ajuli IslandThe Government oI India has
proposed to nominate Assam`s river island-
Majuli Ior inclusion in the cultural landscape
category oI the United National Educational
ScientiIic and Cultural
Organisation (UNESCO). World heritage list.
Majuli Island which is located in the middle oI
Brahmaputra river is considered the largest
river Ireshwater lake oI the world.
BelgaumBelgaum the city oI Karnataka where
Vishwa Kannada Sammelan was organised in
March 2011.
AWARDS
Katha Samman Indian novelist Vikas Kumar Jha
has been chosen for the 2011 International Indu
Sharma Katha Samman, for his novel
`McCluskieganj. The award will be presented to
Jha at a function in the House of Commons in
London on June 27.
Wisden Award Wisden regarded as the Bible of
Cricket has named Indian batting maestro Sachin
Tendulkar the leading cricket in world for 2010.
The iconic batsman became the 7th recipient of
the Wisden Award after team mate Virender
Sehwag, Ricky Ponting, Shane Warne, Andrew
Flintoff, Muttiah Muralitharan and Jacques
Kallis.e
irdhar Rathi bags Bihari PuraskarNoted Poet
Girdhar Rathi has been selected Ior the Bihari
Puraskar Ior 2010 Ior his poetry collection. e
was chosen Ior his collection oI poems, Anta
Ke Sanshaya`.
ICCI rames Awards 2011ollywood star
ugh Jackman received the FICCI Frames
Excellence International onour while
Bollywood`s International Face Aishwarya
Rai Bachchan got the Decade oI Global
Achievement onour Ior accomplishments in
indi cinema at the award Iunction held on
March 25th 2011.
Booker Prize 2011Rohinton Mistry, the Indian-
Canadian author oI three acclaimed books, has
been shortlisted Ior the 60000 man Booker
International Prize 2011.
Prestigious eera Award for 1yoti PunjThe
Rajasthan Sahitya Akademi has selected noted
Udaipur based litterateur Jyoti Punj as the
recipient oI its coveted Meera Award Ior this
year in recognition oI his contribution through
his collection oI poems, 'Bolo, Manu !Boltey
Kyon Nahin?
Hall of ame Award 2011V. Kalidas-the
consultant oI the indu was bestowed the hall
oI Iame National Award Ior 2011 Ior his
contribution to the media industry by Punjab
Education Minister Sewa Singh Sekhwan in
Chandigarh.
Vyas SammanNoted indi writer Vishwanath
Prasad Tiwari has been chosen Ior the
prestigious Vyas Samman Ior 2010 Ior his
collection oI poem Phir Bhi Kuch Reh
Jayega`
allantry AwardMajor Mitalimadhumita
became the Iirst Indian Woman to receive a
gallantry award in the army in issar Ior acts
oI bravery and distinguished service.
Carlos Slim occupies Top SlotAccording to
Forbes Richest List, Mexican billionaire
Carlos Slim remained the richest person in the
world with $ 74 billion in assets, while NRI
steel magnate Lakshmi Mittal ranked sixth and
Indian industrialist Mukesh Ambani is placed
ninth in the U.S. magazine Forbes annual list
oI world`s top billionaires.
Pulitzer Prize 2011Indian American
doctor Siddhartha Mukherjee'sbook on
cancer 'The Emperor of All Maladies A
Biography on Cancer' bags 2011 Pulitzer Prize.
Punjabi Rattan Award for Abhinav
BindraIndia`s lone Olympic gold medal winner
shooter Abhinav Bindra awarded the Punjabi
Rattan Award by the World Punjabi organisation
(WPO) in New Delhi.
2011 rammy Award
e Album of the year:The Suburbs, Arcade Fire
e Song of the year:Need You Now`, Lady
Antebellum.
e Jayati Ghosh Gets ILO award Indian labour
Organistaion Decent Work research prize.
SPORTS
ICC Cricket World Cup 2011
e2011 ICC Cricket World Cup was the tenth ICC
Cricket World Cup. It was played in India,
Sri Lanka, and Bangladesh. It was
Bangladesh's first time co-hosting the World
Cup.
eThe Opening Ceremony was held in
Bangladesh. The venue for the opening
ceremony was Bangabandhu National
Stadium in Dhaka, Bangladesh. The event
took place on 17 February 2011, 2 days
prior to the first match of the World Cup.
MascotStumpy, a young elephant, is the
official mascot for the 2011 Cricket World
Cup. He was unveiled at a function in
Colombo, Sri Lanka, on Friday, 2 April 2010.
The official song of the 2011 World Cup "De
Ghuma Ke" was composed by the trio of
Shankar-Ehsaan-Loy, and is sung in Hindi,
Bengali and Sinhala.
The Umpire selection panel selected 18 umpires
excluding a reserve umpire, Enamul Haque
(Bangladesh) to officiate at the World Cup
5 from Australia, 6 from Asia, 3 from
England, 2 from New Zealand and 1 each
from South Africa and West Indies.
The tournament was won by India who
defeated Sri Lanka by 6 wickets in the final.
India became the first nation to win a World
Cup final on home soil. Indian captain
Mahendra Singh Dhoni scored an unbeaten 91
in the final and was adjudged the man of the
match. India's Yuvraj Singh was declared the
man of the tournament.
India Champion of ICC Cricket
World Cup 2011India set up a
memorable win against Sri Lanka in the ICC
World Cup 20111 final played at the
Wankhede Stadium, Mumbai on April 2,
2011. This was Indias second cricket World
Cup victory, coming 28 years after they first
won it in 1983.
ICC Cricket World Cup 2015 Logo
International Cricket Council (ICC) unveils
the logo of Cricket World Cup 2015 on April
2nd 2011. Cricket World Cup 2015 will be
Host in Australia and New Zealand as a part
of symbolic handover from the successful
2011 hosts to their counterparts four years
hence, during the closing of 2011 World
Cup in Wankhede Stadium in Mumbai.
Sania wins Doubles Title Indian
Tennis ace Sania Mirza won the doubles
title in the Indian Wells (California)
Event with Russias Elena Vesnina. They
defeated BethanieMattek-Sands and
Meghann Shaughnessy. Sania recently
won her 10
th
WTA doubles title with
victory of Indian Wells she got back into
the top 100 in singles.
Duncan Fletcher is the New Indian
Cricket CoachDuncan Fletcher is
appointed Indias cricket coach to
replace the highly successful Gary
Kirsten. The 62-year-old Zimbabwean,
coached England with mixed results
from 1999 to 2007, will take over the
job for a two-year period.
Churchill Brothers wins IFA Shield
Defending champion Churchill Brothers
won the 115th edition of the IFA Shield
defeating McDowell Mohun Bagan 2-1 in
the final played at the Salt Lake
Stadium in Kolkata.
Novak Djokovic won the third
edition of Serbia Open by
defeating Feliciano Lopez Novak
Djokovic won the third edition of Serbia
Open on 1 May 2011. Djokovic captured
his fifth title in 2011.
Paes, Bhupathi clinch Miami Open
Men's Doubles title Leander Paes
and Mahesh Bhupathi have clinched the
Miami Open Mens Doubles title in the
United States. With the win, the duo
also became number one in the ATP
World Tour Doubles Team Rankings.
Nadal followed up his victory over
Fedrer in the Monte Carlo Masters final
with a display of brutal hitting and near-
impeccable defence to become the first
player in the Open era to win two
tournaments at least six times.
The Laureus Award for Team of the year
2011- Spain Football Team
eWorld Sportswoman of the year
2011- Lindsey Vonn of America
eWorld Sportsman of the Year 2011-
Rafael Nadal
eWorld breakthrough of the Year
2011- Martin Kaymer
eWorld Comeback of the Year 2011-
Verena Bentele
Winner of Allen Border Medal this year
is Shane Watson
Rashid Khan, an Indian Golfer won
Nepals Master 2011.
ECONOMICS & BUSINESS
The Finance Ministry has introduced 'Sahaj and
Sugam' forms:The Finance Ministry has introduced
simpler income tax return forms `Sahaj and Sugam
aimed at reducing compliance burden on salaried
persons and small businessman.
India recently adopted the New consumer Price index
(CPI) reflecting the actual movement of prices at the
micro level. As per the new series, the CPI has
increased to 106 in January from a dase of 100 in
2010.
Economic Survey for 2010-2011 presented in the Lok
Sabha on Feb 25, 2011 has projected a robust Gross
Domestic Product of 9% for the next fiscal year
2011-2012.
Asian Development Bank (ADB) has decided to
extend $7.4 bn assistance to India for developing the
countrys infrastructure for a period of three years
from 2011 to 2013.
Govt. to set up a National Mission for Electric
MobilityThe Union Cabinet on March 31, 2011
approved a proposal to set up a National Mission for
Electric Mobility (NCEM) to promote electric mobility
and manufacturing of electric vehicles in India. It
would be chaired by the minister of heavy industries
and public enterprises, and will comprise key central
ministries, representatives from the industry and
members from academia.
IMF lowers India's growth forecast to 8.2 % for
2011International Monetary Fund (IMF) has lowered
Indias economic growth rate forecast to 8.2 per cent
for 2011 and warned that boom like conditions could
lead to over-heating of the economy.
$150-m World Bank loan for India service
systemThe World Bank has approved $150 million
loan for India to accelerate implementation of its
National e-Governance Plan (NeGP), which is aimed
at transforming the service delivery system across
the country.
RBI (Reserve Bank of India)
RBI is a Central Bank of India. The Central Bank is
the apex bank in India. It was establishedin April 1,
1935
The central office of the RBI was established in
Calcutta but was permanently moved to Mumbai in
1937
RBI was nationalised in 1949.
Regional Offices-22
Subsidiaries- NHB-National Housing Bank
DICGC-Deposit Insurance & Credit Guarantee
Corporation of India
BRBNMPL- Bhartiya Reserve Bank Note Mudran Pvt.
Ltd.
NABARD-National Housing Bank for Agriculture &
Rural Development.
Governor-Dr. Duvveri Subbarao. RBI Governor is
appointed/nominated for a period of 4 years.
Deputy Governors
Mr. Subir Gokarn
Shri Anand Sinha
Dr. K. C. Chakrabarty
Smt. Shyamala Gopinath.
Main Functions of RBI
Monetary Authority formulates, implement &
monitors the monetary policy.
Issues of currency
Manager of foreign exchange.
Regulator & Supervisor of financial system.
Banker to the govt.
Bankers to Banks
Developmental role.
RBI Rates
Bank Rate-6.0%
Repo Rate-7.25%
Reverse Repo Rate- 6.25%
Reserve Ratio
CRR-6.0%
SLR-24.0
Lending/Deposit Rate
Base Rate- 7.6%-8.50%
Saving Bank Rate-3.5%
Deposit Rate- 7%-8%
SCIENCE & TECHNOLOGY
India`s PSLV C-16 Vehicle LaunchedIndia's
Polar Satellite Launch Vehicle (PSLV) on 20
April 2011 launched India's remote sensing
satellite Resourcesat-2 Irom the spaceport oI
Sriharikota. India's Polar Satellite Launch
Vehicle- C16 placed on a 822-km
sunsynchronous orbit three satellites
Resource Sat 2, an Indo-Russian YouthSat
and mini satellite X Sat Irom Nangyang
Technological University oI Singapore.
The World`s irst Artificial Leaf was Created
by the Scientists A team oI Scientists at
Massachusetts Institute oI Technology created
in the last week oI March 2011, the world`s
Iirst practical artiIicial leaI that can turn
sunlight and water into energy. It could result
into a cheaper source oI power in developing
countries like India.
US Drug maker and India`s 1oint
VentureUS drug maker Merck & Co. has
Iormed a joint venture with India`s Sun
Pharmaceuticals Industries Ltd. To develop &
manuIacture branded generic drugs Ior
emerging markets.
AIL launches integrated gas management
systemGas utility GAIL India said it has
launched Asia`s Iirst integrated gas
management system to track all inIormation
on transmission and distribution oI natural gas
in the country.
0th Anniversary of agarin
SpaceflightCelebrations are being held to
mark the 50th anniversary oI the Iirst human
spaceIlight - a 108-minute orbit oI earth by
Soviet cosmonaut Yuri Gagarin.
BOOKS & AUTHORS
"uest for xceptional Leadership By Ravi Chaudhary.
The ace You were Afraid To SeeEssays on the Indian Economy-
by Amit Bhaduri
All and othingby Raksha Bharadia
'The mperor of All aladies A
Biography on Cancer'by Siddhartha
Mukherjee's
MISCELLANEOUS GK
Prime Minister inaugurates Countrys longest Rail
Bridge connecting Idapalli to Vallarpadam.
Railway Ministry has declared year 2011-2012 as the
year of green energy.
John Willard Milnor is the winner of prestigious Abel
Prize.
Jaguar XJ has been named as the International
Luxury Car of the Year
Diwakar Gupta has been appointed as CFO (Chief
Financial Officer) of SBI.
Brazil runs worlds longest, 28-metre bus on bio-fuel.
India to be among top 3 life insurance markets by
2020.
Pratip Chaudhuri is the new SBI Chairman.
Malaysias Lee Chang Vee won all England Mens
Singles.
Bhaskar Pramanik is the new Chief of Microsoft India.
K V Kamath is the new CEO of Infosys Technologies.
A documentary released on Sorav Ganguly- `The
Warrier Prince.
Cricket world cup winning Captain MS Dhoni is set to
be commissioned in the Territorial Army as an
honorary officer, Army chief general V K Singh made
the offer.
Leela Samson appointed new Chairperson of Board of
Film Certification
Lalit Bhasin appointed new Chairperson of Film
Appellate Tribunal
Union Bank is the first to facilitate payment of IT at
ATMs.
Sridharan named acting chairman of SBI.
Monisha Kaltenborn becomes the 1st female CEO of a
Formula One Team Sauber Motorsport
Satish Chandra has taken additional charge as
Chairman and Managing Director (CMD) of National
Fertilizers Limited (NFL).
The government has decided to issue biometric PAN
cards to taxpayers across the country to weed out
the problem of duplicate and fake ones.
Pawan Hans Helicopters Limited was conferred the
Mini Ratna Category-I status by President Pratibha
Patil.
The government of Sri Lanka will release on May 7, a
postal stamp and first day cover on Nobel Laureate
Rabindranath Tagore, on the occasion of his 150th
birth anniversary celebrations.
K. Balachander, the veteran film maker, has been
conferred the Dadasaheb Phalke Award for the year
2010.
Country\'s second largest private lender HDFC bank
has won the Asian Banker\'s \'Best Retail Bank in
India\' award this year.
4-day Auto Expo 2011 to be held in Surat, Gujarat.


India, Japan Signed Free Trade
Agreement
ndia and Japan on Feb. 16, 2011 signed a comprehensive
market opening pact to boost bilateral trade between the
two countries which currently amounts to $10.36bn p.a.
Union cabinet approved Constitution
amendment Bill
on Mar 15 2011 that will facilitate the
implementation of the proposed Goods
and Services Tax (GST), a new direct
tax regime which will reduce the
cascading effects of indirect taxes.
India emerges no. 1 Arms Importer
According to Stockholm International Peace
Research Institute (SIPRI)India has emerges
as the largest arms importer in the world,
overtaking even China.

India Malaysia Sign Comprehensive
Economic Cooperation Agreement
Union Commerce & Industry Minister Anand
Sharma on Feb. 18, 2011 proposed the
creation oI a dedicated Iund Ior the
construction oI inIrastructure projects in India
with Malaysian collaboration in Kuala
Lumpur.
Indira Gandhi International Airport has
been ranked fourth best in the world
in the 25 million to 40 million passenger
category according to 2010 Airport
Service Quality rankings of Airport
Council International. The IGI Airport is
now among the top 10 airports in the
Asia Pacific region.
5th National conference on Sustainable
development
The 5
th
National conIerence on Sustainable
development in India, perspectives, issues and
opportunities was held at A1 Barkaat Institute oI
management studies Aligarh.
Dhanush, Prithvi-II Fired Successfully
Indian`s Strategic Forces Command Iired the
Dhanush, Prithvi-II missiles within a gap oI an
hour on March 11, 2011 demonstrating the
readiness oI India`s nuclear deterrence system.
The 71st session of the Indian History
Congress (IHC):
It was organised at the Gaur-Banga University in
Malda, West Bengal from February 11 to 13,
2011. The Congress elected Professor B.B.
Chaudhuri general president for the next IHC
session to be held at the Punjabi University in
Patiala from December 10 to 12.
International World Wide Web
conference organised:
The 20th International World Wide Web conIerence was
organised in yderabad Irom March 28 to April 1,
2011. The next conIerence will be organised at Lyons,
France in April 2012
New lighting project launched in
Gurgaon
The All India Citizens Alliance Ior Progress & Development
(AICAPD) launched a new lighting project titled
'Innovation Unique Jhuggi Lighting Project (Ujala).
Assembly Elections May 2011
State New CMs Party
Kerala Oomen Chandy Congress led UDF
Assam Tarun Gogoi Congress
Puducherry Rangasamy ANR Congress
Tamilnadu Jayalalitha AADMK
West engal Mamta anerjee TMC Congress

State Party Assembly Seats won
Kerala Congress led UDF 72/140
Assam Congress 76/126
Puducherry ANR Congress 20/30
Tamilnadu AADMK 203/234
West engal TMC Congress 225/294

International World Wide Web
conference organised

The 20th International World Wide Web
conIerence was organised in yderabad Irom
March 28 to April 1, 2011. The next
conIerence will be organised at Lyons, France
in April 2012
Lakshmi Mittal retains Top Spot
According to the Asian Rich list 2011 by Eastern
eye , a weekly publication brought out by the
Asian media Steel tycoon, Lakshmi Mittal, a
non-resident Indian has retained his position as
the richest Asian in the United Kingdom.
A ferocious Tsunami hits Japan
8.9 oIIshore earthquake unleashes tsunami in
Japan`s city Sendai that slammed Japan`s
eastern coast , killing thousands oI people as it
swept away boats, cars, homes. It was greatest
disaster in Japan`s history.
UN Women's Scheme for widows
To mark the 100
th
anniversary oI International
Women`s on March 8, 2011 , UN women
announced a new regional programme to
address the needs oI widows in India, Nepal
and Sri Lanka.
BRIC Summit
The 2011 BRICS summit took place in Sanya on
the island oI ainan, China, on 14 April 2011.
This was the third BRICS summit since 2009.
The meeting took place between the Iive heads
oI state/heads oI government Irom the BRICS
states Iollowing bilateral meetings in the prior
days. The theme oI the summit was 'Broad
Vision, Shared Prosperity.
Harvard is world's top university
arvard University, the oldest institution oI higher
learning in the US, has been ranked as the
world's top varsity. The Massachusetts
Institute oI Technology made it to number
two, with the University oI CaliIornia
Berkeley coming in at number Iour in the list
oI top 10 most highly regarded universities in
the world.
Abu Dhabi is now the first capital city in
the world to be entirely covered with a
fibre optic network,
UAE telecom giant Etisalat has announced. The
completion of this project has contributed to the
UAE being ranked amongst the top five
countries in the Arab world in the Network
Readiness Index (NRI) and ranked 24th in the
world according to the Global Information
Technology Report 2011 issued by the World
Economic Forum

Vanuatu, Small Island Nation in South
Pacific to become the 154th Member of
WTO:
Vanuatu, a small island nation in the South PaciIic
is set to become the 154th member oI the
World Trade Organisation.
OIL signs MoU with TERI
Oil India Limited (OIL) has signed a
memorandum oI understanding (MoU) with
The Energy and Resources Institute (TERI) Ior
research and collaboration in
petroleum biotechnology and new and
renewable energy sources.
World Theatre Day observed:
World Theatre Day was observed on March 27,
2011. Created in 1961 by the Paris-based
International Theatre Institute (ITI), the World
Theatre Day is celebrated annually on March
27 by the international theatre community.
MISCELLANEOUS 2011

WThe year 2011 is also scheduled for the 6th
Economic Census.
WAmitabh Bachchan has been made the Brand
Ambassador of ICICI Prudential Life Insurance.

WThe third summit of BRIC is scheduled to be
organized in China in April 2011.

WGovt. has decided to stop the circulation of 25 paisa
coins w.e.f. June 30, 2011.

WThe number of winners of Padma Vibhushan Award
this year is 13.

WThe Social Network which is a film about Harvar-
graduate Mark Zuckerbergs ultra popular Facebook
website, swet up four awards at the Golden Globe
awards 2011.

WThe first indigenous light combat aircraft (LCA) the
Tejas, introduced into the Indian Air Force.

W34th national games were held in Ranchi from12-26
February, 2011.

WItalian built fleet tanker, INS Deepak commissioned
in the Navy by Defence Minister A.K. Antony.
BUDGET TERMS
What is the Union Budget?
In India, the Union Budget is also popularly known as
the General Budget. It is presented each year
normally on February 28 in the Lok Sabha. Most of
the taxation proposals would become operative
beginning April 1,the start of India's financial year.

What are the major components?
Budget is the statement on finances of the Union
Government. It has a summary of receipts and
expenditures of the central government for the
previous year and estimates for the following year.
Budget would essentially articulate the Governments
long term economic policy, vision and immediate
taxation proposals.
Ad-Valorem duties: This is a Latin word which
means tax levied on a property or a product after
assessing the value of a property.

Minimum Alternative Tax (MAT): A mechanism
created to ensure that high-income individuals,
corporations, trusts, and estates pay at least some
amount of tax, regardless of deductions, credits or
exemptions. MAT operates by adding certain tax-
preference items back into adjusted gross income
Budgetary deficit:It is the amount by which
government spending exceeds government income
during the financial year.

Budget estimates: These estimates are projections
on spending across various sectors during the
financial year together with an estimate of the
income in the form of tax and non-tax revenues.

Balance of Payments (BOP): This
term is used to summarise the
international transactions over a period
of time including goods and services as
well as gold movement. BOP reflects
the difference in value over a period of
time between the country's imports and
exports.
Bull:An investor with an optimistic market outlook;
an investor who expects prices to rise and so buys
now for resale later.

Bear: An investor with a pessimistic market outlook;
an investor who expects prices to fall and so sells
now in order to buy later at a lower price.

Bank rate: It is defined as the rate of interest at
which the central bank rediscounts the first class
securities of other banks. Whenever central bank
wants to expand credit it lowers the bank rate,
essentially making cost of funds cheaper to banks.

Capital budget:A plan of proposed capital outlays
and the means of financing them for the current
fiscal period. It is usually a part of the current
budget. It is long term in nature. Capital Budget
keeps track of the government's capital receipts and
payments. This accounts for market loans,
borrowings from the Reserve Bank and other
institutions through the sale of Treasury Bills, loans
acquired from foreign governments and recoveries of
loans granted by the Central government to state
governments and Union Territories.

Capital expenditure: Long-term in
nature, these expenses are used to
acquire fixed assets such as land,
building, machinery and equipment.
Other items that also fall under this
category include loans and advances
sanctioned by the centre to the State
governments, union territories and
public sector undertakings.

Capital receipts: Loans raised by the
centre from the market, government
borrowings from the RBI & other parties,
sale of treasury bills and loans received
from foreign governments together form
the capital receipts. It also includes
recovery of loans granted by the centre to
state governments & union territories and
proceeds from the sale of governments
equity holding in Public Sector
Undertakings.
Corporate tax:Corporate tax refers to direct taxes
charged by various jurisdictions on the profits made
by companies or associations.
Current account: It is an overall record of receipts
from the sale of goods and services to foreigners,
payments for goods and services bought from
foreigners, and factor income (such as interest and
profits) and current transfers (such as foreign aid)
received from and paid to foreigners.
Direct taxes:The tax that you pay directly, as
opposed to indirect taxes, such as tariffs and
business taxes. The income tax and corporate tax
are the two major direct taxes which the Finance
Minister takes a call on while presenting the budget.
Disinvestment: Sale of governments shares in the
Public Sector Undertakings.
Fiscal deficit:It is the gap between the
government's total spending and the sum of its
revenue receipts and non-debt capital receipts. It
represents the total amount of borrowed funds
required by the government to completely meet its
expenditure.
Fiscal policy: It is the use of government
expenditure and taxation to try and influence the
level of economic activity.
Indirect tax: A tax that is not assessed on and
collected form those who are intended to bear it.
Such as - value added tax, sales tax, customs and
excise duties. Unlike a direct tax, it cannot take
individual circumstances into account. Although
levied on producers, the burden of an indirect tax
may be 'shift' to consumers. Service tax is the only
levy that is directly collected from the individuals.

Monetised deficit: It is a
measurement that reflects the amount
of support which the Reserve Bank of
India provides to the centres borrowing
programme.

Non-plan expenditure:It covers all expenditure of
government not included in the Plan. It is non-
developmental expenditure. Part of the expenditure
is obligatory in nature. For example, the interest
payments, pension charges, defence and internal
security, transfers to States, etc fall under this
category

Plan expenditure: Money given from
the governments account for the
central plan is called plan expenditure.
This is developmental in nature and is
spent on schemes detailed in the plan.

Primary deficit It is fiscal deficit
minus interest payments. It tells us
how much of the government's
borrowings are going towards meeting
expenses other than interest payments.

Revenue deficit: It shows the shortfall
of governments current receipts over
current expenditure.
Revenue surplus:It is the excess of revenue
receipts over revenue expenditure.
Revised estimates:Budget estimates need not
always be right, and the difference between the
budget estimates and the actual
expenditure/revenues are reflected in the revised
estimates, which is usually presented in the following
budget.
Revenue budget: It consists of revenue receipts of
government (revenues from tax and other sources)
and the expenditure met from these revenues. Tax
revenues are made up of taxes and other duties that
the union government levies. The other receipts
consist mainly of interest and dividend on
investments made by government, fees, and other
receipts for services rendered by government.
Subsidies: It is cash or other incentives given to a
producer of goods that the government would like to
attract to another area or maintain in its established
location.

HEADS OF IMPORTANT OFFICES (International)
Ban Ki-Moon Secretary-General, united
Nations Organisation
Robert Zoellick President, World Bank
Dominic Strauss-Kahn Managing
Director, International Monetary Fund (IMF)
Irina Bokova Director-General , UNESCO
Jacques Rogge President, International
Olympic committee.
Pascal Lamy: Director-General WTO.
IMF raises Global GDP estimates
IMF in its World Economic Outlook report says
that the world economy will grow 4.4%
in 2011, instead of 4.2% as projected in Oct
2010.
India will grow at 8.4% in 2011-IMF
IMF retained its growth forecast for India at
8.4% for the year 2011. In 2012, India is
projected to have 8.0% growth rate.
Global economy to grow 3.3% in 2011-
World bank
The World Banks Global Economic Prospects
Report says the global economy is expected
to grow 3.3% in 2011 and 3.6% in 2012.
India to become World's 4th largest
passenger vehicle market in 3 years
According to the results of the Report of Global
Consultant, Indian passenger vehicle market
will touch 3.5 million units mark in the next
three years.
Hong Kong again rated as World's Freest
Economy
Hong Kong has been rated as the worlds freest
economy for the 17
th
consecutive year by
the US based Heritage Foundation.
BSE launched index-based circuit
breaker system
The Bombay Stock Exchange (BSE) has
introduced an index-based circuit breaker
system in the stock market for the last
quarter of the financial year 2010-11i.e;
Jan-March 2011.
Economic Survey 2010-11 Highlights
.Economy to grow at 8.6 per cent in 2010-11
and 9 per cent in the next fiscal.
WGross Fiscal Deficit stands at 4.8 per cent of
GDP, down from 6.3 per cent last year.
WIndustrial output grows by 8.6 per cent;
manufacturing sector registers 9.1 per cent.
WExports in April-December 2010 up 29.5 per
cent; imports up 19 per cent.
WTrade gap narrowed to $ 82.01 billion in April-
December 2010.
WAgriculture likely to grow at 5.4 per cent in
2010-11
WSavings rate has gone up to 33.7 per cent,
while the investment rate is up at 36.5 per cent
of GDP.
WNet bank credit grows by 59 per cent.
WSocial programme spending stepped up by 5
percentage points of GDP over past 5 years.
WProduction of foodgrains estimated at 232.1
mn tonnes.
WForex Reserves estimated at $ 297.3 billion
Union Budget 2011-12 Highlights
WI-T exemption limit raised to Rs 1.80 lakh from
Rs 1.60 lakh .
WExemption for senior citizens raised to Rs 2.5
lakh
WTax under women slab unchanged.
WTax exemption raised to Rs 5 lakh for senior
citizens of 80 years.
WExport duty rates on iron ore unified and kept
at 20% ad valorem.
WBasic customs duty on agricultural machinery
reduced to 4.5% from 5%
WNominal one per cent central excise duty on
130 items entering the tax net. Basic food and
fuel and precious stones, gold and silver
jewellery will be exempted.
WPeak rate of customs duty maintained at 10%
in view of the global economic situation.
WCentral government debt in proportion to GDP
will be 44.2% in 2011-12.
WNo change in service tax rate of 10%.
WRevenue deficit fixed at 2.3 per cent in revised
estimates of 2010-11 and 1.8 per cent in
2011-12,
W15% tax on dividend for Indian cos from
foreign unit.
WMAT rate hiked to 18.5% from 18%.
WMAT on developers in SEZs to be levied.
WTotal expenditure raised by 13.4% at Rs 12.57
lakh cr over budget estimates
WGross tax receipts estimated at 9.32 lakh cr
for FY 2011-12
WOld age pension to persons of over the age of
80 raised from Rs 200 to Rs 500
WHealth allocation up by 20% to R 27,600 cr.
WTo set up 15 more mega food parks.
WRemuneration of anganwadi workers raised
from Rs 1,500 to Rs 3,000 per month. Helpers
to get Rs 1,500 from Rs 750
WTax free bonds of Rs 30,000 cr to be issued
for infrastructure development. This will cover
Warehousing Corporation, NHAI, IRFC and
Hudco.
WAllocation under Rashtriya Krishi Vikas Yojana
to be raised from Rs 6,755 crore in the current
year to Rs 7,860 crore.
WRs 200 cr for environmental remediation
programme.
WAge for pension eligibility reduced from 65
years to 60 years under Indira Gandhi Yojana
scheme
WRs 500-cr for National Development Fund.
WRs 400-cr as one-time grant for IIT-
Kharagpur.
WAllocation to education sector raised to Rs
52,000 cr
WTax free bonds of Rs 30,000 cr to be issued for
infrastructure development. This will cover
Warehousing Corporation, NHAI, IRFC and
Hudco.
WCredit flows to farmers raised from Rs 3.75
lakh crore to Rs 4.75 lakh crore.
WNABARD capital base to be increased by
infusing Rs 10,000 cr
WAllocation under Rashtriya Krishi Vikas Yojana
to be raised from Rs 6,755 crore in the current
year to Rs 7,860 crore.
WBudget proposes to raise housing loan limit
from Rs 20 lakh to Rs 25 lakh for priority sector
lending.
WIndian micro-finance equity with SIDBI to be
formed at Rs 100 crore.
WRs 6,000 cr to be given to public sector banks
to maintain capital-to-risk assets ratio norms
WAiming Fiscal deficit of 3% by fiscal 2014
WFII investment limit for infra corporate bonds
hiked to $40 billion.
WMicrofinance equity fund of Rs 100 cr
proposed.
WGovt committed to hold 51% in PSUs.
WDisinvestment target at Rs 40,000 cr.
WDirect Tax Code from April 2012.
WEconomic growth in 2011-12 likely to be 9 per
cent.
WExpect agri sector to grow at 5.4% in 2011.
WTotal food inflation down from 20.2 per cent
last year to 9.3 per cent in Jan
Jim Corbett National Park
The world famous Jim Corbett National
Park-home to the endangered Royal
Bengal tiger- celebrated its Platinum
Jubilee in January 2011.
HAZIRA
The joint venture of Larsen & Tourbo (L&T) and
Mistubishi Heavy Industries on January
11,2011 inaugurated Indias First Private
sector facilities for the manufacture of
supercritical boilers and turbine generators
at Hazira in Surat.
Vyjayanthimala Honoured with Natya
Kala Shikamani
Veteran dancer Vyjayanthimala Bali was
awarded Natya Kala Shikamani title in
Chennai on Jan 2011.
Bharat Jyoti Award
Agricultural scientist K.V. Raman has been
awarded the prestigious Bharat Jyoti Award oI the
India International Friendship Society Ior his
contribution to Science, technology and
development.
Punjab Rattan Award Conferred

Punjab government on February 9, 2011
decided to confer the "Punjab Rattan award
on the late Lt. Gen. Jagjit Singh Aurora and
Marshal of Indian Air Force Arjan Singh, for
defending the boundaries of our country.
Oscar 2011
The Oscar ceremony was held in Los Angeles.
Winners are
WBest Actor- Colin Firth in "The King's Speech
WBest Actress- Natalie Portman in "Black Swan
WBest Supporting Actor- Christian Bale
WBest Supporting Actress- Melissa Leo
WBest Picture- The King's Speech
WBest Director- Tom Hooper- "The King's
Speech
Messi and Marta are World's Best
Football Players
Argentinas Lionel Messi of Barcelona declared
the worlds best male football player of
2010. Messi won the FIFA best player
award for a second straight year on
January 2011. Brazils forward Marta
received the Womens Player award for a
fifth straight year.
Cricket World Cup 2011 Officially
Opened
The 10
th
edition oI the ICC cricket World Cup was
oIIicially launched on 17
th
Feb in Dhaka,
Bangladesh. Prime Minister Sheikh asina
declared the event open amid thundering cheers
while the Iourteen participating captains were
revealed to the public being carried in tricycles.
Carolina Wozniacki wins Dubai Open
Tennis Title 2011
Womens number one tennis player Caroline
Wozniacki of Denmark has won the singles
title of Dubai Tennis Championship. In one
sided final match played in Dubai last night,
she defeated world number sixteenth C
Kuznetsova of Russia
Aditya India's Youngest Chess Player
Six-year old Aditya has become the youngest
rated Indian Chess Player-according to the
January 2011 list released by FIDE which is
the international chess body.
India's youngest Grandmaster
OInternational Master S.P. Sethuraman
of Chennai became Indias latest
Grandmaster at Legnica, Poland.
Gaganjeet Bhullar became first
Gaganjeet Bhullar became the firs Indian to win
European Challenge Tour after triumphing
by one shot at the 200,000 Gujarat
Kensville Challenge 2011 in Ahmedabad,
Gujarat. This was the first ever European
Challenge tour event in India.
Japan win the Asian Cup Football
championship
Japan win the Asian Cup Football championship,
beating Australia in the final in Doha, Qatar.
Australian Open 2011

Men's Singles Novak Djokovic (Serbia)
defeated Andy Murray.
Women's Singles Kim Clijster (Belgian)
defeated Li Na.
Mens Doubles Mike Baryan & Bob Bryan (USA)
defeated Leander Paes & Mahesh Bhupati
Womens Doubles Gisela Dulko (Argentina) &
Flavia Pennetta (Italy) defeated Maria Kirilenko
& Victoria Azarenka
Mixed Doubles Katarina Srebotanik (Slovania)
& Daniel Nestor (Canada) defeated Chan Youn-
Jan & Paul Hanley
BOOKS & AUTHORS 2011

A Journey- By Tony Blair
O How I Play Golf-Biography of Tiger Woods
O Managing transitions - by William Bridges
O Future of Management - by Gary Hamel
O An idiot who sold a ship - by Vijay Walia
Rail Budget Highlights
WFirst coach from Rai Bareli factory in next
three months.
WWork on wagon factory in Orissa to begin after
land is acquired.
WRailways to set up factory in Jammu and
Kashmir.
WTo set up Metro coach factory at Singur in
West Bengal.
WManipur to be soon connected to railway
network.
WCentre for excellence in software to be set up
at Darjeeling.
WHappy to announce through 85 PPP proposals
received; set up single-window system to take
these forward.
WRs.10,000 crore to be raised through railway
bonds.
WPradhan Mantri Rail Vikas Yojna to be
launched.
WEarnings for 2010-11 set to exceed Rs.1 lakh
crore.
WIntegrated suburban network to be set up in
Mumbai, Chennai, Ahmedabad and other cities;
suburban system of Hyderabad to be
strengthened.
WNew Durantos to be run on Allahabad-Mumbai,
Pune-Ahmedabad, Sealdah-Puri, Secunderabad-
Visakhapatnam, Madurai-Chennai routes.
WWorking expenditure during 2011-12
estimated at Rs.87,000 crore
WTen-year backlog of 1.75 lakh jobs being
addressed; 16,000 ex-servicemen to be given
jobs in railways.
WTrain to run to Bangladesh to showcase Indian
culture.
WAnti-collision device, successful in North West
Frontier Railway, to be extended to three more
zonal railways.
WWill add 180 km of rail lines in 2011-12.
Vasant Krishnan
He has been appointed as CFO of
Mahindra Satyam.
Nagesh Pydah
Nagesh Pydah took charge as Chairman and
managing Director of Oriental bank of
Commerce (OBC).
Rajan Anandan
The former MD of Microsoft has recently joined
the Google company as Vice Presidnet (sales
& opertin) and Head of India Region.
Sudhir Chandra
Sudhir Chandra has taken charge of the
Chairman of CBDT (Central Board of Direct
Taxation).
Jhalanath Khanal
Mr. Jhalanath Khanal is elected the new Prime
Minister of Nepal, he becomes the
34
th
Prime Minister of the nation.
W Death: Pandit Bhimsen Joshi
Bharat Ratna Pandit Bhimsen Joshi, Died in
Pune.
Udaipur
The 16
th
National Youth Festival was organized
in Udaipur in January 2011. President Hamid
Ansari inaugurated the festival.
Hyderabad
The capital of Andhra Pradesh Hyderabad will
host the Word Wide Web 2011 meet.
Scheduled in India for the first time it is the
fourth in an Asian city.
Abu Dhabi
Three decades after it came into being the Gulf
Cooperation Council (GCC) session was held
in Abu Dhab
Prithvi-II missiles test fired successfully
Two nuclear capable, surface-to-surface Prithvi-
II missiles were successfully test-fired
within a span of an hour by personnel to
Strategic Force Command from Integrated
Test Range, Chandipur.
A new type of vehicle named Electric
Networked-Vehicle (EN-V) is unveiled by
its developers
it is able to beat traffic congestion and avoid
parking troubles.
Ozonetel Systems has launched free
'Voice Buzz' application on Facebook
Ozonetel Systems has launched free 'Voice
Buzz' application on Facebook through
which users can update their Facebook
status in their own voice from their landline
or mobile number
India ranks 10th in world in plant
diversity:
India has been ranked Iourth in Asia and tenth in
the world in plant diversity, the Birsa Agriculture
University (BAU) Vice Chancellor N N Singh,
has said
China becomes Fourth largest offshore
Oil and Gas Producer
China has joined the worlds elite club of
offshore oil and gas producers as per the
reports of China National Offshore Oil Corp
(CNOOC). China has become the fourth
largest offshore oil Producer after the USA,
the U.K. and Norway.
UN Climate Deal at Cancun
The UN Climate Summit held in Cancun decided
to create a Green Climate Fund to raise and
disburse $ 100 bn a year by 2020 to protect
poor nations against climate impacts and
assist them low-carbon development.
G-20 Summit 2011
This year summit is scheduled to be held in Cannes
(Canada). France & Mexico will be hosting
forthcoming summits after Cannes 2011.
South Africa set to join BRIC
BRIC (Brazil, Russia, India & China) group may
soon have new member-South Africa is
being well supported by India & China to be
included in BRIC.
Sri Lanka and India sign MoU
Sri Lanka and India sign in Colombo an MoU for
the resumption of passenger ship service
from Tuticorin to Colombo.
World Economic Forum concludes in
Davos
The 2011 annual meeting of the World
Economic Forum (WEF), known also as the
Davos Summit, concludes in Davos,
Switzerland.
World Social Forum Organised:
The 11th edition of the annual World Social Forum
(WSF) was organised in Dakar, Senegal from
February 6 to 12, 2011. The WSF was sponsored,
in part, by the Porto Alegre government, led by
the Brazilian Workers Party (PT)
Mubarak resigns, Egypt celebrates:
The people of Egypt went wild with celebrations
after President Hosni Mubarak resigned and
handed power to the military on
11
th
February.
China overtakes Japan as world's
second-biggest economy:
China has now overtaken Japan as the worlds
second-biggest economy. Japans economy
was worth $ 5.474 trillion at the end of
2010, figures from Tokyo have shown while
that of Chinas economy is closer to $ 5.8
trillion for the same period.
Baldev Raj
aldev Raj, Director of the ndira Gandhi Centre for Atomic
Research (GCAR) in Kalpakkam has been elected
President of the ndian national Academy of Engineering
(AE).
IMPORTANT DAY
eFebruary 24 - Central Excise Day
eFebruary 28- National Science Day
eMarch 3 National Defence Day
eMarch 4 National Safety Day
eMarch 18 Ordnance Factories Day
eMarch 8 nternational Women's Day
eMarch 15 World Consumer Rights Day
eMarch 22 World Water Day
eMarch 21World Forestry Day
eMarch 23 World Meteorological Day
PM Inaugurates the 98th Indian Science
Congress
Prime Minister Dr. Manmohan Singh inaugurated the
98
th
ndian Science Congress at Kattan kulathur, a
place 40km away from Chennai.
India signs Trade Pact with Indonesia
ndia & ndonesia signed 18 agreements worth $ 15.1
bn. These agreements are in infrastructure,&
manufacturing sector.
W India Took Over as Co-chair of Asia
Pacific FATF:
ndia along with Macau, took over as the Cochair of
Asia Pacific Regional Review Group of the
Financial Action Task Force (FATF) from
Australia. Asia Pacific FATF is an inter
governmental policymaking body which sets
global standards to deal with terrorist financing and
moneylaundering. t consists of more than30
countries.
Hazira Power Plant starts production
ndia's first private sector unit to produce super critical
boilers and turbine generator for coalfired power
plant with a capacity of 5000 MW has been
opened up at Hazira in Surat. The 'supercritical'
technology is known for its fuel efficiency.