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Current Affairs on International

Current Affairs 20 April 2015

India has expressed deep disappointment over the non-implementation of which two factors that would give it a greater say in the global crisis lender, matching the country's growing economic might.?: IMF quota and Governance reforms

Explanation: The IMF quota reforms seek to provide greater say to emerging economies like India and China at the Fund, where the US and large European countries command high influence. The 2010 reforms were originally propelled by Washington, and the President Barack Obama's White House has repeatedly endorsed them. But the US Congress has refused to sign off on the deal, with some legislators not wanting to contribute more money to the IMF and others concerned about any erosion to the dominant US role at the fund. The Finance Minister of India said that at this juncture the global economy is facing some major challenges.
"First, potential growth has declined in both the advanced and emerging market economies and needs to be raised. Second, uncertainty continues about the smooth exit from the unconventional monetary policies (UMPs) by central banks in the major advanced economies. Thus as a consequence, global financial stability risks have exacerbated in the wake of prolonged period of low interest rates.

Nearly 700 migrants were feared dead after their boat capsized in the Mediterranean waters south of the Italian island of Lampedusa on 19 April 2015. The accident is one of the worst disasters of the Mediterranean migrant crisis. This boat was bringing migrants from which north African country to Italy?: Libya

Explanation: The accident took place when people in the boat moved to one side therefore 20 meter-long vessel sank 70 miles from the Libyan coast, south of the southern Italian island of Lampedusa. If the death toll is confirmed, it will bring to 1,500 the total number of people who died this year who are movig towards Europe. Hence, this disaster will further increased the pressure on Europe and big European countires to face down anti-immigrant bias and find money for support as turmoil in the countries of the Middle East and Libya is worsening the crisis. According to the latest estimates of the International Organisation for Migration (IOM), around 20,000 migrants have reached the Italian coast this year.

Current Affairs 18 April 2015

IT major Infosys Chief Executive Vishal Sikka was appointed as Advisory Professor by which university, which is one of the prestigious universities in China?: East China Normal University (ECNU)

Explanation: Sikka's passion for lifelong learning has led him to work closely with universities and students around the globe to pursue their own passion for learning, and exploring new areas of innovation, and looking at some of the world's greatest challenges in new ways. Thus, as per the ECNU- ECNU is on the road to develop into a globally recognized university and look forward to partnering with Infosys to identify upcoming technologies that will in turn help us prepare our students with skills to address the opportunities that they offer. 

Posted on: 18th April 2015 Read complete Article →

Current Affairs 17 April 2015

On 16 April 2015 Citigroup Inc reported its highest quarterly profit in nearly how many years as costs plunged, showing that the bank`s efforts to streamline its business may be starting to pay off?: Eight years

Explanation: Citi`s operating expenses fell 10 percent to $10.88 billion in the first quarter ended March 31 as it spent less on employee compensation and advertising and marketing thus, the bank reached its target of having operating expenses of about 55 percent of revenue with Legal and restructuring costs fell to $403 million from $1.16 billion. Revenue from investment banking, which is part of Citi`s institutional clients group, rose 14 percent to about $1.20 billion.   

Posted on: 17th April 2015 Read complete Article →

Tata Steel has failed to reach a deal with UK unions about its proposal to change the British pension scheme, it told India`s National Stock Exchange on 16 April 2015 thus result in strike action from 6 May 2015. What is so important about this strike?: It would be one of the biggest industrial actions in the country in some 30 years

Explanation: UK unions Community, GMB, UCATT and Unite will start balloting some 17,000 members over strike action from May 6, one day before the country`s general election. The unions accuse Tata of not taking up their offer to re-enter discussions about the pension scheme. 

Current Affairs 16 April 2015

UAE-based Gulf Petrochem Group on 15 April 2015 notified that it has renamed its recently-acquired Sah Petroleums, an Indian listed lubricant company. What is the new name?: GP Petroleums Ltd

Explanation: GP Petroleums is among the leading lubricant players in the country. It specialises in industrial lubricants, automotive lubricants, process oils, transformer oils, greases and other specialties under the brand name IPOL in India and overseas. Gulf Petrochem acquired 72.23 percent in GP Petroleums for Rs 60 crore in July last year. Later in October, an open offer was made for the remaining 26 percent, representing 13,255,940 shares at Rs 15.70 apiece. Gulf Petrochem has recently commissioned the first phase of its liquid cargo storage terminal at Pipavav Port in Gujarat with a capacity of 1,10,000 kilolitre.

Posted on: 16th April 2015 Read complete Article →

USD 84.3 million (Rs 525 crore) pay package a year made technology giant Microsoft's Indian-origin chief Satya Nadella as the top-paid CEO in the US, as per a new list shared by the Equilar 100 CEO Pay Study. Who topped last year?: Oracle's Larry Ellison

Explanation: The Equilar 100 CEO Pay Study, an analysis of CEO salaries at the 100 largest public US companies as measured by revenue. Another Indian, Indra Nooyi of PepsiCo, is ranked 19th with USD 19.08 million. Legendary investor Warren Buffett of Berkshire Hathaway is ranked last at 100th position with a total compensation of USD 464,011 million.Ellison (USD 67.3 million) is followed by Steven Mollenkopf of Qualcomm at the third place on the list with USD 60.7 million. Others people in the top-ten includes Robert Iger (Walt Disney), Larry Merlo (CVS Health), K Rupert Murdoch (Twenty-First Century Fox), W James McNerney, Jr (Boeing). James Gorman (Morgan Stanley), David Cote (Honeywell International) and Kenneth Chenault (American Express).

Current Affairs 14 April 2015

Which Former US secretary of States announces on 13 April 2015 her US presidential bid thorough social media?: Hillary Clinton

Explanation: Former US Secretary of State emerges as one of the top contenders for the Democratic party nomination in a bid to become the first woman US president. The Democratic National Committee Chair Debbie Wasserman Schultz welcomed Clinton as the first official candidate for President of the United States to seek the Democratic Party's nomination in 2016. "As First Lady, Senator, and Secretary of State, Hillary Clinton has been a forceful advocate for women, children, and families, and an effective ambassador on the global stage.”

Posted on: 14th April 2015 Read complete Article →

Günter Grass, the Nobel-winning writer who gave voice to the generation that came of age during the horrors of the Nazi era dies at the age of 87 on 13 April 2015. He belong to which country?: Germany

Explanation:  Gunter Grass was lauded by Germans for helping to revive their culture in the aftermath of World War II and helping to give voice and support to democratic discourse in the postwar nation however ran into controversy over his own World War II past and stance toward Israel. In 1999, the Swedish Academy honored Grass with the Nobel Prize for literature, praising him for setting out to revive German literature after the Nazi era.

Current Affairs 13 April 2015

PM Narendra Modi on 12 April 2015 unveiled a bust of Mahatma Gandhi at which city in Germany?: Hannover

Explanation:  Hundreds of Indians had gathered to witness the event and chanted slogans like "Bharat Mata ki Jai". Also Indian prime minister Narendra Modi has urged the nation for global warming and said the principles practiced by Mahatma Gandhi can address this challenge.

Posted on: 13th April 2015 Read complete Article →
Posted on: 13th April 2015 Read complete Article →
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