RBI liberalised norms for banks to open branches in Tier I cities
Reserve Bank of India (RBI) on 19 September 2013 announced
that banks can open their branches in tier 1 centers without taking its
permission in each case .But RBI imposed some conditions to open branches.
According to 2011 census Tier I center are those with population above 1 lakh.
Conditions Imposed by Reserve Bank of India (RBI)
RBI passed the guidelines under following conditions:
• Banks should open 25 percent of their branches in a financial year in Un-banked tier-V and tier-VI centers as earlier.
• Total number of branches in tier –I center’s can’t exceed the number of branches opened in tier-2 to tier-6 centers during a year.
• If the banks are unable to open all tier – 1 branches during that year, they can carry it over for next two years
• If the banks unable to open requisite branches in tier- II to tier- VI centers for some reason, it should necessary rectify the shortfall in the next financial year.
Conditions Imposed by Reserve Bank of India (RBI)
RBI passed the guidelines under following conditions:
• Banks should open 25 percent of their branches in a financial year in Un-banked tier-V and tier-VI centers as earlier.
• Total number of branches in tier –I center’s can’t exceed the number of branches opened in tier-2 to tier-6 centers during a year.
• If the banks are unable to open all tier – 1 branches during that year, they can carry it over for next two years
• If the banks unable to open requisite branches in tier- II to tier- VI centers for some reason, it should necessary rectify the shortfall in the next financial year.
Union Cabinet Approved Three Proposals of National Early Childhood Care & Education Policy
The Union Cabinet on 20 September 2013 approved three
proposals of the National Early Childhood Care
and Education (ECCE) Policy. The policy is to promote
inclusive, equitable and contextualized opportunities for promoting optimal
development and active learning capacity of all children below six years.
The three proposals
1.The first proposal is to implement and monitor the policy through National and State Early Childhood Care and Education Councils.
2.The second one is to develop National Early Childhood Care and Education Curriculum Framework and Quality Standards and circulate to the States and Union Territories for preparation of Action Plans and implementation by them.
3.The third proposal is to delegate power to the Union Ministry of Women and Child Development to make necessary changes.
The Policy would help to 158.7 million children under six years of age who need holistic and integrated early childhood care. In particular it would enable preschool education inputs for their optimum development to realize their potential.
The vision of the National ECCE Policy is to promote inclusive, equitable and contextualized opportunities for promoting optimal development and active learning capacity of all children below six years of age. The Policy focus is on early preschool learning for every child below six years.
The key areas of this policy are universal access with equity and inclusion, quality in ECCE, strengthening capacity, monitoring and supervision, advocacy, research and review.
The Union Ministry of Women and Child Development is the nodal Ministry to implement the National ECCE Policy.
The three proposals
1.The first proposal is to implement and monitor the policy through National and State Early Childhood Care and Education Councils.
2.The second one is to develop National Early Childhood Care and Education Curriculum Framework and Quality Standards and circulate to the States and Union Territories for preparation of Action Plans and implementation by them.
3.The third proposal is to delegate power to the Union Ministry of Women and Child Development to make necessary changes.
The Policy would help to 158.7 million children under six years of age who need holistic and integrated early childhood care. In particular it would enable preschool education inputs for their optimum development to realize their potential.
The vision of the National ECCE Policy is to promote inclusive, equitable and contextualized opportunities for promoting optimal development and active learning capacity of all children below six years of age. The Policy focus is on early preschool learning for every child below six years.
The key areas of this policy are universal access with equity and inclusion, quality in ECCE, strengthening capacity, monitoring and supervision, advocacy, research and review.
The Union Ministry of Women and Child Development is the nodal Ministry to implement the National ECCE Policy.
CCEA Approved Continuation of Powerloom Cluster Development Scheme
The Cabinet Committee on Economic Affairs (CCEA) on 20
September 2013 approved the proposal for continuation of Comprehensive Powerloom Cluster Development
scheme in the 12th Plan period to promote the textiles sector.
The scheme with an outlay of 110 crore rupees will be implemented through a
Public Private Partnership mode.
Objective of the scheme
The scheme is aimed at creating a world class infrastructure to assist entrepreneurs to set up their units with modern infrastructure, latest technology and adequate training and human resource development inputs along with appropriate market linkages.
About the Comprehensive Powerloom Cluster Development Scheme (CPCDS)
The Government of India in November 2008 launched the Comprehensive Powerloom Cluster Development Scheme (CPCDS) for development of Powerloom Mega Clusters at Bhiwandi (Maharashtra) and Erode (Tamil Nadu) as a Central Sector Plan Scheme during the 11th Five Year Plan.
The scheme started, with a budget provision of 70 crore rupees for each cluster to assist the entrepreneurs to set up world-class units with modern infrastructure and latest technology.
Government of India further announced development of two more Powerloom Mega Clusters at Bhilwara (Rajasthan) in 2009-10 and at Ichalkaranji (Maharashtra) in 2012-13.
Objective of the scheme
The scheme is aimed at creating a world class infrastructure to assist entrepreneurs to set up their units with modern infrastructure, latest technology and adequate training and human resource development inputs along with appropriate market linkages.
About the Comprehensive Powerloom Cluster Development Scheme (CPCDS)
The Government of India in November 2008 launched the Comprehensive Powerloom Cluster Development Scheme (CPCDS) for development of Powerloom Mega Clusters at Bhiwandi (Maharashtra) and Erode (Tamil Nadu) as a Central Sector Plan Scheme during the 11th Five Year Plan.
The scheme started, with a budget provision of 70 crore rupees for each cluster to assist the entrepreneurs to set up world-class units with modern infrastructure and latest technology.
Government of India further announced development of two more Powerloom Mega Clusters at Bhilwara (Rajasthan) in 2009-10 and at Ichalkaranji (Maharashtra) in 2012-13.
Obabiyi Aishah Ajibola Won Miss Muslimah World 2013 Title
Miss
Nigeria, Obabiyi Aishah Ajibola, 21, won the Miss Muslimah World contest
which was organised by the World Muslimah Foundation in Jakartha, Indonesia on
18 September 2013.
The annual Muslim event was held exclusively for Muslim women, who are assessed not only for their appearance (in Islamic dress) but also for their piety, religious knowledge and understanding of the Quran. More than 500 Muslim women entered the contest online, with 20 finalists chosen by judges. Entrants were asked to talk people through their path to the religion and what wearing a headscarf meant to them.
About the Miss Muslimah World Pageant
The annual Muslim event was held exclusively for Muslim women, who are assessed not only for their appearance (in Islamic dress) but also for their piety, religious knowledge and understanding of the Quran. More than 500 Muslim women entered the contest online, with 20 finalists chosen by judges. Entrants were asked to talk people through their path to the religion and what wearing a headscarf meant to them.
About the Miss Muslimah World Pageant
The Miss
Muslimah World is an Islamic beauty pageant held every year at Indonesia. The
contest was launched as a response to the Miss World pageant.
This is
an annual Muslim event which is held exclusively for Muslim women, who are
assessed not only for their appearance (in Islamic dress) but also their piety,
religious knowledge and understanding of the Quran.
The contest was first held in 2011 under a different name and was only open to Indonesians, but after the media began comparing it to Miss World, it was rebranded as a Muslim alternative to the world-famous show. Because of its popularity, organisers accepted foreign contestants this year for the first time, with Iran, Malaysia, Bangladesh, Brunei, Nigeria and Indonesia represented.
The contest was first held in 2011 under a different name and was only open to Indonesians, but after the media began comparing it to Miss World, it was rebranded as a Muslim alternative to the world-famous show. Because of its popularity, organisers accepted foreign contestants this year for the first time, with Iran, Malaysia, Bangladesh, Brunei, Nigeria and Indonesia represented.
Indonesia
is the world's most populous Islamic country.
Previour
winners
Nina Septiani- Miss World Muslimah 2012
Dika Restiyani- Miss World Muslimah 2011.
About the World Muslimah Foundation
World Muslimah Foundation (WMF) is a friendly Muslim women’s organization provides a conceptual model and specific techniques that guide the sisterhood among Muslim become more communicate and fun in ways that will enhance understanding of Islam and encourage members to be confident to find their essential skills.
Nina Septiani- Miss World Muslimah 2012
Dika Restiyani- Miss World Muslimah 2011.
About the World Muslimah Foundation
World Muslimah Foundation (WMF) is a friendly Muslim women’s organization provides a conceptual model and specific techniques that guide the sisterhood among Muslim become more communicate and fun in ways that will enhance understanding of Islam and encourage members to be confident to find their essential skills.
Founded
in 2011, World Muslim Foundation has emphasis to deliver effective ways to
reduce poverty and creating better generation primarily on the core issues of
educations, empowerment and appreciation.
Bank of Beijing Opened China’s First Direct Bank
The Bank
of Beijing on 18 September 2013 launched China's first direct bank in Beijing,
Xi'an and Jinan. It started direct bank services with the cooperation of
Netherlands-based ING Group.
The Bank of Beijing will provide its services remotely via online banking and telephone banking. Meaning, it does not rely on entity outlets. It will also provide access via Automated teller Machines (ATMs) (often through interbank network alliances) mail and mobile.
The new direct banks will basically provide services to retail clients, small and micro enterprises by providing financial products and services.
Direct banking system was already successful in European markets and U.S. markets.
Primary features of Direct Banking
• Direct banking does not rely on entity outlets.
• It provides financial products and services through Internet, Telephones and Automated teller Machines (ATMs).
• Direct bank performs almost all kinds of services provided by traditional bank outlets.
• Direct banking also requires lower operation cost. So, it can offer higher rates of return for customers and enjoy greater competitiveness.
Delhi Metro Rail Corporation Signed MoU with SECI to Tap Solar Power
The Delhi Metro Rail Corporation (DMRC) on 17 September 2013
signed a Memorandum of Understanding (MoU) with the Solar Energy Corporation of
India (SECI) to construct solar power projects on premises of the Delhi Metro.
The production of solar power will help DMRC partially fulfill its energy
requirements as well as reduce carbon footprints.
As per the MoU, the DMRC and SECI will collaborate for the development of solar projects which includes ground, rooftop and other possible mountings of solar panels at identified DMRC sites.
SECI is a not-for-profit company under the Union Ministry of New and Renewable Energy, whose objective is to develop Solar Technologies and solar power plants across the country.
As per the MoU, the DMRC and SECI will collaborate for the development of solar projects which includes ground, rooftop and other possible mountings of solar panels at identified DMRC sites.
SECI is a not-for-profit company under the Union Ministry of New and Renewable Energy, whose objective is to develop Solar Technologies and solar power plants across the country.
TV Narendran Named Tata Steel New Managing Director
Tata
Steel Ltd on 19 September 2013 named TV Narendran as managing
director-designate, India and South East Asia and inducted him as additional
director on the board. TV Narendran will succeed HM Nerurkar who retires on 31
October 2013.
The board
has also appointed group chief financial officer Koushik Chatterjee as
the group Executive Director, finance and corporate.
About TV Narendran
TV Narendran (48), a mechanical engineer from REC (NIT) Trichy, TamilNadu, joined Tata Steel in 1988 after completing MBA from the Indian Institute of Management, Calcutta.
TV Narendran worked in the International Trading Division of Tata Steel from 1988 to 1997 wherein he spent five years in Dubai looking after Tata Steels' exports to the Middle East.
From 1997 to 2001 he spent time in Tata Steels' marketing and sales division and was involved in market development work for the Cold Rolling Mill Project, Supply Chain Management, Sales Planning etc.
From 2001 to 2003 he was the Chief of Marketing and Sales (Long Products) and played a key role in building the 'Tata Tiscon' brand and the distribution network for the same.
From 2003 to 2005 he worked with Muthuraman, the then Managing Director of Tata Steel as his Principal Executive Officer.
TV Narendran is currently Vice President, Safety and Flat Products of Tata Steel.
About TV Narendran
TV Narendran (48), a mechanical engineer from REC (NIT) Trichy, TamilNadu, joined Tata Steel in 1988 after completing MBA from the Indian Institute of Management, Calcutta.
TV Narendran worked in the International Trading Division of Tata Steel from 1988 to 1997 wherein he spent five years in Dubai looking after Tata Steels' exports to the Middle East.
From 1997 to 2001 he spent time in Tata Steels' marketing and sales division and was involved in market development work for the Cold Rolling Mill Project, Supply Chain Management, Sales Planning etc.
From 2001 to 2003 he was the Chief of Marketing and Sales (Long Products) and played a key role in building the 'Tata Tiscon' brand and the distribution network for the same.
From 2003 to 2005 he worked with Muthuraman, the then Managing Director of Tata Steel as his Principal Executive Officer.
TV Narendran is currently Vice President, Safety and Flat Products of Tata Steel.
About
Tata Steel Limited
Established in 1907, Tata Steel is among the top ten global steel companies with an annual crude steel capacity of over 28 million tonnes per annum (mtpa). It is now one of the world's most geographically-diversified steel producers, with operations in 26 countries and a commercial presence in over 50 countries.
Tata Steel’s larger production facilities include those in India, the UK, the Netherlands, Thailand, Singapore, China and Australia. Operating companies within the Group include Tata Steel Limited (India), Tata Steel Europe Limited (formerly Corus), NatSteel, and Tata Steel Thailand (formerly Millennium Steel).
Established in 1907, Tata Steel is among the top ten global steel companies with an annual crude steel capacity of over 28 million tonnes per annum (mtpa). It is now one of the world's most geographically-diversified steel producers, with operations in 26 countries and a commercial presence in over 50 countries.
Tata Steel’s larger production facilities include those in India, the UK, the Netherlands, Thailand, Singapore, China and Australia. Operating companies within the Group include Tata Steel Limited (India), Tata Steel Europe Limited (formerly Corus), NatSteel, and Tata Steel Thailand (formerly Millennium Steel).
National Communal Harmony Award conferred by The President of India
The President of India Pranab Mukherjee on 20 September 2013
presented the National Communal Harmony Award for the year 2011 and 2012.
National Communal Harmony Award for 2011:
Odisha's MD Janab Haji Abdul Bari and Mizoram’s Khamliana jointly awarded for the year 2011 individual category. Both are social activists.
The Jury has not found any organisation suitable for this award for the year 2011.
National Communal Harmony Award for 2012:
The Foundation for Amity and National Solidarity, Delhi awarded for Organisational category.
The foundation formed in 1984.The Foundation works for spreading amity and communal harmony
About National Communal Harmony Award
• The National Communal Harmony Awards were instituted in 1996 by the National Foundation for Communal Harmony (NFCH), an autonomous organization set up by the Government of India, Ministry of Home Affairs of India, for promoting communal harmony and national integration.
• National Communal Harmony Award is given every year for two categories. They are Individual and Organisation. Award is given every year for outstanding contribution for continued promotion of communal harmony or national integration over a period of time.
• The Awards consisted of a citation each and cash amount of 2 lakh Rupees for an Individual and 5 lakh Rupees for an Organization.
About the Jury
The Jury for the award consists the following:-
(a) Vice-President of India – Chairman of the Jury
(b) Principal Secretary to the Prime Minister
(c) Two eminent persons nominated by the Union Home Minister of India of whom one shall be a woman
(d) Home Secretary
National Communal Harmony Award for 2011:
Odisha's MD Janab Haji Abdul Bari and Mizoram’s Khamliana jointly awarded for the year 2011 individual category. Both are social activists.
The Jury has not found any organisation suitable for this award for the year 2011.
National Communal Harmony Award for 2012:
The Foundation for Amity and National Solidarity, Delhi awarded for Organisational category.
The foundation formed in 1984.The Foundation works for spreading amity and communal harmony
About National Communal Harmony Award
• The National Communal Harmony Awards were instituted in 1996 by the National Foundation for Communal Harmony (NFCH), an autonomous organization set up by the Government of India, Ministry of Home Affairs of India, for promoting communal harmony and national integration.
• National Communal Harmony Award is given every year for two categories. They are Individual and Organisation. Award is given every year for outstanding contribution for continued promotion of communal harmony or national integration over a period of time.
• The Awards consisted of a citation each and cash amount of 2 lakh Rupees for an Individual and 5 lakh Rupees for an Organization.
About the Jury
The Jury for the award consists the following:-
(a) Vice-President of India – Chairman of the Jury
(b) Principal Secretary to the Prime Minister
(c) Two eminent persons nominated by the Union Home Minister of India of whom one shall be a woman
(d) Home Secretary
Mohameddan Sporting Club Won Durand Foot Ball Cup after 73 Years
Kolkata’s
Mohammedan Sporting club won the 126th Durand Foot ball tournament as it
defeated ONGC 2-1 in the final at the Ambedkar Stadium in New Delhi on 19
September 2013. They have lifted the cup after 73 years having won it back in
1940.
In the 35th minute of the game Tolgay scored the first goal for Sporting with the passing assist from forward Ajay Singh. The next goal was also scored by Tolgay in the 45th minute.
Mohaamedan Sporting came back to the hut at half time with a 2-0 lead. In the latter half ONGC came back storngly. Leavono Fernendes scored in the 55th minute with a header to make the score 2-1. But Sporting maintained its lead and won the cup.
In the 35th minute of the game Tolgay scored the first goal for Sporting with the passing assist from forward Ajay Singh. The next goal was also scored by Tolgay in the 45th minute.
Mohaamedan Sporting came back to the hut at half time with a 2-0 lead. In the latter half ONGC came back storngly. Leavono Fernendes scored in the 55th minute with a header to make the score 2-1. But Sporting maintained its lead and won the cup.
The last
time Sporting won Durand Cup was before Independence in 1940 by defeating
Warwickshire Regiment, and the last time they played a final in the capital was
back in 1992.
About Durand Cup
The Durand Football Tournament was started at Simla in the year 1888 by Sir Henry Mortimer Durand, who was then, the Foreign Secretary to Government of India. Durand is the third oldest football tournament in the world and oldest in Asia and India.
About Durand Cup
The Durand Football Tournament was started at Simla in the year 1888 by Sir Henry Mortimer Durand, who was then, the Foreign Secretary to Government of India. Durand is the third oldest football tournament in the world and oldest in Asia and India.
Exhibition Called Return of the Yogini Inaugurated in New Delhi
The Union Minister for Culture, Chandresh Kumari Katoch and
the Minister of External Affairs, Salman Khurshid inaugurated the exhibition
Return of the Yogini in New Delhi on 19 September 2013.
About the exhibition- Return of the Yogini
• Return of the Yogini is jointly organised by the National Museum, New Delhi and the National Museum Institute of History of Art, Conservation and Museology, New Delhi.
• Yoginis are a group of powerful female divinities, which are associated with the tantric mode of worship.
• They are worshipped as a group (often sixty-four) and seldom individually.
• They acquire formidable dynamism as goddesses who could impart magical powers to their worshippers.
• This exhibition is important because it celebrates the return of rare heritage sculpture that was stolen from India.
Purpose of the Exhibition
The purpose of the exhibition is to mark the safe return of Yogini Vrishanana to India. Yogini Vrishanana sculpture was taken to France illegally and acquired by the late art collector, Robert Schrimpf. Thereafter, Martine Schrimpf, informed the Embassy of India in Paris of her desire to donate the object. Chandresh Kumari Katoch directed the National Museum, New Delhi to bring back the sculpture. Thereafter, the Yogini returned safely to India in the month of August, 2013.
Meaning of Yoginis
• The yoginis were believed to possess infinite mystical powers such as the power of transformation and granting wishes.
• The bodily form of the yoginis could be human, half-human or half-bestial. However, the bodies were always human.
• Their divinity was indicated through weapons, haloes and multiple arms.
• They carried skull-cups, maces, clubs, tridents, books, flowers, spears, skull-garlands and curved knives.
• They are often seen mounted on individual vehicles (vahanas) such as tortoise, swan, snake etc.
• Yogini temples were often situated in isolated locations on the outskirts of a town or on the top of a hill.
• The yoginis are worshipped enshrined in an individual niche, generally within a circular temple.
Yoginis and connection with the Lokhari village
Lokhari is a small village situated in the Mau subdivision of Banda district in the Bundelkhand region of Uttar Pradesh. The temple at Lokhari was identified as an important historical site after the discovery of yogini sculptures. The site confirms the tradition of esoteric forms of worship prevalent in that region in the tenth century CE. The yogini temple at Lokhari is an unprotected site. The sculpture Yogini Vrishanana, weighing nearly four hundred kilograms, was taken to France illegally.
About the exhibition- Return of the Yogini
• Return of the Yogini is jointly organised by the National Museum, New Delhi and the National Museum Institute of History of Art, Conservation and Museology, New Delhi.
• Yoginis are a group of powerful female divinities, which are associated with the tantric mode of worship.
• They are worshipped as a group (often sixty-four) and seldom individually.
• They acquire formidable dynamism as goddesses who could impart magical powers to their worshippers.
• This exhibition is important because it celebrates the return of rare heritage sculpture that was stolen from India.
Purpose of the Exhibition
The purpose of the exhibition is to mark the safe return of Yogini Vrishanana to India. Yogini Vrishanana sculpture was taken to France illegally and acquired by the late art collector, Robert Schrimpf. Thereafter, Martine Schrimpf, informed the Embassy of India in Paris of her desire to donate the object. Chandresh Kumari Katoch directed the National Museum, New Delhi to bring back the sculpture. Thereafter, the Yogini returned safely to India in the month of August, 2013.
Meaning of Yoginis
• The yoginis were believed to possess infinite mystical powers such as the power of transformation and granting wishes.
• The bodily form of the yoginis could be human, half-human or half-bestial. However, the bodies were always human.
• Their divinity was indicated through weapons, haloes and multiple arms.
• They carried skull-cups, maces, clubs, tridents, books, flowers, spears, skull-garlands and curved knives.
• They are often seen mounted on individual vehicles (vahanas) such as tortoise, swan, snake etc.
• Yogini temples were often situated in isolated locations on the outskirts of a town or on the top of a hill.
• The yoginis are worshipped enshrined in an individual niche, generally within a circular temple.
Yoginis and connection with the Lokhari village
Lokhari is a small village situated in the Mau subdivision of Banda district in the Bundelkhand region of Uttar Pradesh. The temple at Lokhari was identified as an important historical site after the discovery of yogini sculptures. The site confirms the tradition of esoteric forms of worship prevalent in that region in the tenth century CE. The yogini temple at Lokhari is an unprotected site. The sculpture Yogini Vrishanana, weighing nearly four hundred kilograms, was taken to France illegally.
Former BCCI Secratary Jaywant Lele Passed Away
Former
BCCI Secretary Jaywant Lele passed away on 19 September 2013 in Vadodara after
he sufferred a heart attack. He was 75.
Jaywant Lele had become the BCCI secretary in 1996 and stayed in this post till 2001.
Jaywant Lele had become the BCCI secretary in 1996 and stayed in this post till 2001.
He was
also in charge when the match-fixing scandal broke out in 2000. In that period,
the board first set up the Justice Chandrachud Commission to probe the
match-fixing charges and then asked the CBI to step in after the former South
African captain Hansie Cronje admitted to fixing. The investigation led to life
bans on the former India captain Mohammad Azharuddin and batsman Ajay Sharma.
Jaywant Lele lost his post as secretary to Niranjan Shah during the 2001 board
elections.
About
Jaywant Lele
He held
the post BCCI Secratary from 1996 to 2001.
He had a diploma in mechanical and electrical engineering and had worked at Sarabhai Chemicals. He became the honorary secretary of the Baroda Cricket Association (BCA) in 1969.
In 2003, he was expelled from the BCA, along with two other administrators, for alleged financial irregularities and administrative lapses. Jaywant Lele was also a qualified umpire.
In November 2011, he penned a memoir titled I Was There - Memoirs of a Cricket Administrator.
About the Board of Control for Cricket in India (BCCI)
The Board of Control for Cricket in India (BCCI) is the national governing body for all forms of cricket in India. The board was formed in December 1928 as BCCI replaced Calcutta Cricket Club. BCCI headquarter is at Mumbai and the present president of BCCI is M.N. Srinivasan.
He had a diploma in mechanical and electrical engineering and had worked at Sarabhai Chemicals. He became the honorary secretary of the Baroda Cricket Association (BCA) in 1969.
In 2003, he was expelled from the BCA, along with two other administrators, for alleged financial irregularities and administrative lapses. Jaywant Lele was also a qualified umpire.
In November 2011, he penned a memoir titled I Was There - Memoirs of a Cricket Administrator.
About the Board of Control for Cricket in India (BCCI)
The Board of Control for Cricket in India (BCCI) is the national governing body for all forms of cricket in India. The board was formed in December 1928 as BCCI replaced Calcutta Cricket Club. BCCI headquarter is at Mumbai and the present president of BCCI is M.N. Srinivasan.
Federal Reserve would continue its fiscal stimulus programme: Chairman, Federal Reserve System
Ben S. Bernanke, the Chairman of the Federal Reserve System
of United States of America (USA) on 18 September 2013 announced that Federal
Reserve would continue its fiscal stimulus programme. It sent a positive signal
to the developing countries around the world and hence the stock markets in
emerging world markets made an upsurgeon 19 September 2013.
The emerging world market was earlier of the view that US Federal Reserve withdrew its fiscal stimulus programme. In such a case, the Dollar will shift from the emerging economies of the world to the US. However, with this announcement, the outflow of the Dollar will be reduced considerably.
About Fedreal Reserve System
• The Federal Reserve System is the central bank of the United States.
• It was founded by Congress in 1913 to provide the nation with a safer, more flexible, and more stable monetary and financial system.
• The Board of Governors of the Federal Reserve System is a federal government agency.
• The Board is composed of seven members, who are appointed by the President of the United States and confirmed by the U.S. Senate. The full term of a Board member is fourteen years.
• The Chairman and the Vice Chairman of the Board are also appointed by the President and confirmed by the Senate. The nominees to these posts must already be members of the Board or must be simultaneously appointed to the Board.
• The term of The Chairman and the Vice Chairman of the Board positions are four years.
About Ben S. Bernanke
• Ben S. Bernanke appointed second term as Chairman of the Board of Governors of the Federal Reserve System on February 1, 2010. His second term as Chairman ends 31 January 2014 and his term as a Board member ends 31 January 2020.
• He originally took office as Chairman on 1 February2006, when he also began a 14-year term as a member of the Board.
• Before his appointment as Chairman, Dr. Bernanke was Chairman of the President's Council of Economic Advisers, from June 2005 to January 2006.
• Dr. Bernanke has already served the Federal Reserve System in several roles. He was a member of the Board of Governors of the Federal Reserve System from 2002 to 2005, a visiting scholar at the Federal Reserve Banks of Philadelphia (1987-89), Boston (1989-90), and New York (1990-91, 1994-96) and a member of the Academic Advisory Panel at the Federal Reserve Bank of New York (1990-2002).
• Dr. Bernanke has published many articles on a wide variety of economic issues, including monetary policy and macroeconomics, and he is the author of several scholarly books and two textbooks.
• He has held a Guggenheim Fellowship and a Sloan Fellowship, and he is a Fellow of the Econometric Society and of the American Academy of Arts and Sciences.
• Dr. Bernanke served as the Director of the Monetary Economics Program of the National Bureau of Economic Research (NBER) and as a member of the NBER's Business Cycle Dating Committee.
The emerging world market was earlier of the view that US Federal Reserve withdrew its fiscal stimulus programme. In such a case, the Dollar will shift from the emerging economies of the world to the US. However, with this announcement, the outflow of the Dollar will be reduced considerably.
About Fedreal Reserve System
• The Federal Reserve System is the central bank of the United States.
• It was founded by Congress in 1913 to provide the nation with a safer, more flexible, and more stable monetary and financial system.
• The Board of Governors of the Federal Reserve System is a federal government agency.
• The Board is composed of seven members, who are appointed by the President of the United States and confirmed by the U.S. Senate. The full term of a Board member is fourteen years.
• The Chairman and the Vice Chairman of the Board are also appointed by the President and confirmed by the Senate. The nominees to these posts must already be members of the Board or must be simultaneously appointed to the Board.
• The term of The Chairman and the Vice Chairman of the Board positions are four years.
About Ben S. Bernanke
• Ben S. Bernanke appointed second term as Chairman of the Board of Governors of the Federal Reserve System on February 1, 2010. His second term as Chairman ends 31 January 2014 and his term as a Board member ends 31 January 2020.
• He originally took office as Chairman on 1 February2006, when he also began a 14-year term as a member of the Board.
• Before his appointment as Chairman, Dr. Bernanke was Chairman of the President's Council of Economic Advisers, from June 2005 to January 2006.
• Dr. Bernanke has already served the Federal Reserve System in several roles. He was a member of the Board of Governors of the Federal Reserve System from 2002 to 2005, a visiting scholar at the Federal Reserve Banks of Philadelphia (1987-89), Boston (1989-90), and New York (1990-91, 1994-96) and a member of the Academic Advisory Panel at the Federal Reserve Bank of New York (1990-2002).
• Dr. Bernanke has published many articles on a wide variety of economic issues, including monetary policy and macroeconomics, and he is the author of several scholarly books and two textbooks.
• He has held a Guggenheim Fellowship and a Sloan Fellowship, and he is a Fellow of the Econometric Society and of the American Academy of Arts and Sciences.
• Dr. Bernanke served as the Director of the Monetary Economics Program of the National Bureau of Economic Research (NBER) and as a member of the NBER's Business Cycle Dating Committee.
Scientists Decoded the Genome of the Tigers; Project Will Help in Tiger Conservation
The South Korean scientists from the Personal Genomics
Institute in Suwon, on 17 September 2013 unveiled that they carried out first
ever DNA analysis of the tiger as well as four other great felines. The DNA
analysis was carried out in the project for helping the critically-endangered
cats for their survival.
The team of scientists led by Yun Sung Cho at the Personal Genomics Institute, Genome Research Foundation in Suwon, South Korea, in their research, sequenced the genome of a Siberian tiger. The genome of this genome of this tiger was then compared with the genome of white Bengal tiger, the snow leopard, the African lion and white African lion. The comparison revealed that the genes highlighted shared characteristics among all these close, yet distinct species of cats. All these kinds of tigers included common genes which hinted towards extreme muscle strength as well as the ability to metabolise hypercarnivorous diet.
There were variants which accounted for certain differences such as fur colour. In case of the gene revealed about the characteristic of snow leopard’s ability to adapt to high, icy habitats.
The genomes therefore indicated about the diverse and crucial data source which can be used for conservation of these tigers. Out of the overall nine subspecies of tiger, the scientists revealed that four of them were already extinct in previous century. These four extinct species included Javan, Balinese, South China and Caspian tigers.
It is estimated that at present the number of wild tigers range from just 3050 to 3950. The conservationalists believe that in the absence of conservation measures, all the tigers will become extinct from the wild soon.
The team of scientists led by Yun Sung Cho at the Personal Genomics Institute, Genome Research Foundation in Suwon, South Korea, in their research, sequenced the genome of a Siberian tiger. The genome of this genome of this tiger was then compared with the genome of white Bengal tiger, the snow leopard, the African lion and white African lion. The comparison revealed that the genes highlighted shared characteristics among all these close, yet distinct species of cats. All these kinds of tigers included common genes which hinted towards extreme muscle strength as well as the ability to metabolise hypercarnivorous diet.
There were variants which accounted for certain differences such as fur colour. In case of the gene revealed about the characteristic of snow leopard’s ability to adapt to high, icy habitats.
The genomes therefore indicated about the diverse and crucial data source which can be used for conservation of these tigers. Out of the overall nine subspecies of tiger, the scientists revealed that four of them were already extinct in previous century. These four extinct species included Javan, Balinese, South China and Caspian tigers.
It is estimated that at present the number of wild tigers range from just 3050 to 3950. The conservationalists believe that in the absence of conservation measures, all the tigers will become extinct from the wild soon.
The French Senate Approved Ban on Beauty Pageants for Children below 16 Years
The French Senate (Upper House of the Parliament in France)
on 18 September 2013 voted 197-146 overnight in order to approve the ban on
beauty pageants for children below the age of 16 years. Also, the Legislation
included imposing the fine as well as punishment in form of imprisonment. This
amendment was taken up on the basis of a report entitled Against
Hyper-Sexualisation: A New Fight For Equality.
The Senate suggested that anyone entering the child into the contest of this kind will have to face a fine of 30000 Euros as well as two years of imprisonment. The amendment is a part of the proposed broader bill on women’s rights. The Bill will now go to the National Assembly, French Parliament’s lower house, for another round of vote as well as debate.
The senators argued that the amendment in the Bill is aimed at protecting the children from being sexualised before their apt age, because of the use of provocative attire as well as loud make up. The report- Against Hyper-Sexualisation: A New Fight for Equality, on the whole, called for a complete end on the pageants of these kinds and also encouraged a ban on the adult-styled clothing for the children. The author of this report is former sports minister and current senator Chantal Jouanno.
In case the Bill becomes a law, the pageants such as Mini-Miss in Paris will be banned completely. Michel Le Parmentier, the creator of Mini-Miss, which is held annually, protested that certain regulations instead of the complete ban would be more appropriate. Mini-Miss pageant is organised in France since the year 1989.
The Senate suggested that anyone entering the child into the contest of this kind will have to face a fine of 30000 Euros as well as two years of imprisonment. The amendment is a part of the proposed broader bill on women’s rights. The Bill will now go to the National Assembly, French Parliament’s lower house, for another round of vote as well as debate.
The senators argued that the amendment in the Bill is aimed at protecting the children from being sexualised before their apt age, because of the use of provocative attire as well as loud make up. The report- Against Hyper-Sexualisation: A New Fight for Equality, on the whole, called for a complete end on the pageants of these kinds and also encouraged a ban on the adult-styled clothing for the children. The author of this report is former sports minister and current senator Chantal Jouanno.
In case the Bill becomes a law, the pageants such as Mini-Miss in Paris will be banned completely. Michel Le Parmentier, the creator of Mini-Miss, which is held annually, protested that certain regulations instead of the complete ban would be more appropriate. Mini-Miss pageant is organised in France since the year 1989.
Hiroshi Yamauchi, the Third President of Nintendo, Died
Hiroshi Yamauchi, the third president of Nintendo, died on
19 September 2013 in Japan. He was 85 years old and died because of pneumonia.
He is the mastermind behind the most popular Nintendo game, Super Mario.
Nintendo is a maker of Super Mario and Pokemon games along with Wii U home
console. Nintendo was formed in the year 1889. He is survived by Katsuhito
Yamauchi, his eldest son.
Life History of Hiroshi Yamauchi
• Hiroshi Yamauchi was born in Kyoto on 7 November 1927.
• He ran Nintendo for over 50 years. During his link with Nintendo, he transitioned the Japanese company from traditional playing-card maker to video game giant.
• He owned the Seattle Mariners, the major league baseball club. He later sold it the US unit of Nintendo in the year 2004.
• Hiroshi Yamauchi remained the President of Nintendo from 1949 to 2002.
• He developed Game Boy portables as well as Family Computer consoles.
• Hiroshi Yamauchi is one of the richest men in Japan. As of April 2013, according to the Forbes, his net worth was 2.1 Billion US Dollar. He was the 491st richest man of the world.
• He is the man behind creating some of the most popular Nintendo characters such as Super Mario and Donkey Kong
Life History of Hiroshi Yamauchi
• Hiroshi Yamauchi was born in Kyoto on 7 November 1927.
• He ran Nintendo for over 50 years. During his link with Nintendo, he transitioned the Japanese company from traditional playing-card maker to video game giant.
• He owned the Seattle Mariners, the major league baseball club. He later sold it the US unit of Nintendo in the year 2004.
• Hiroshi Yamauchi remained the President of Nintendo from 1949 to 2002.
• He developed Game Boy portables as well as Family Computer consoles.
• Hiroshi Yamauchi is one of the richest men in Japan. As of April 2013, according to the Forbes, his net worth was 2.1 Billion US Dollar. He was the 491st richest man of the world.
• He is the man behind creating some of the most popular Nintendo characters such as Super Mario and Donkey Kong
Ken Norton, the Former Heavyweight Champion Died at 70
Ken Norton, the former heavyweight champion died on 18
September 2013 at Nevada, US. He was 70 years old. He was struggling through
the poor health from past few years. He is known most commonly for his 12-round
victory over Muhammad Ali by breaking his jaw in 1973.
It is important to note that he was the only second heavyweight champion to defeat Muhammad Ali as the professional. The first one to do so was Joe Frazier in the 15-round competition in the year 1971.
Life History of Ken Norton
• Ken Norton was born on 9 August 1943 at Jacksonville, Illinois, U.S.
• He won the heavyweight title eliminator in the year 1977 and was also declared as the champion by the World Boxing Council.
• He finished off with the record of 42-7-1 and 33 knockouts.
• He later became an actor and also the commentator at various fights.
• He began his boxing career during his presence at the United States Marine Corps from 1963 to 1967.
• He was inducted at the World Boxing Hall of Fame in the year 1989 and at the International Boxing Hall Of Fame in the year 1992. In 2004, he was inducted into the United States Marine Corps Sports Hall of Fame and in 2008, into the WBC Hall of Fame.
• In the year 2001, he was inducted into the Breitbard Hall of Fame by the San Diego Hall of Champions.
• He was also inducted into the California Sports Hall of Fame in 2011
It is important to note that he was the only second heavyweight champion to defeat Muhammad Ali as the professional. The first one to do so was Joe Frazier in the 15-round competition in the year 1971.
Life History of Ken Norton
• Ken Norton was born on 9 August 1943 at Jacksonville, Illinois, U.S.
• He won the heavyweight title eliminator in the year 1977 and was also declared as the champion by the World Boxing Council.
• He finished off with the record of 42-7-1 and 33 knockouts.
• He later became an actor and also the commentator at various fights.
• He began his boxing career during his presence at the United States Marine Corps from 1963 to 1967.
• He was inducted at the World Boxing Hall of Fame in the year 1989 and at the International Boxing Hall Of Fame in the year 1992. In 2004, he was inducted into the United States Marine Corps Sports Hall of Fame and in 2008, into the WBC Hall of Fame.
• In the year 2001, he was inducted into the Breitbard Hall of Fame by the San Diego Hall of Champions.
• He was also inducted into the California Sports Hall of Fame in 2011
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