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Current Affairs on International

Current Affairs 2 April 2015

Chairwoman of Chinese touchscreen glass supplier firm that has clients like Apple and Samsung, has been crowned China's richest woman, with a fortune of nearly USD 8 billion. What is her name?: Zhou Qunfei

Explanation: Born in 1970 in a small village in central China's Hunan Province, Zhou Qunfei started working as a factory girl making glass for watches in China's southern city of Shenzhen. In 2003, she founded her own company. Headquartered in her hometown Hunan, the company has now grown to include 10 subsidiary companies with locations all over China, and employs 60,000 people. She was Dubbed as the "Queen of Mobile Phone Glass", the 25-year-old has ousted Chan Laiwa, founder of Beijing Red Sandalwood Cultural Foundation, who was previously named China's richest woman with total assets of USD 6.1 billion according to a global billionaire list by Forbes released last month. Zhaou's firm Lens Technology's share value surged to 78.08 yuan per share makes glass covers for various consumer electronic products such as smartphones,computers and cameras.

Current Affairs 1 April 2015

China on 31 March 2015 notified that 30 countries, including India, have been appointed as prospective founding members of which bank even as it indicated that arch-rival Taiwan's surprise bid to join the Beijing-based institution may not be approved?: Asian Infrastructure Investment Bank (AIIB)

Explanation: India joined the USD 50 billion bank as founding member when it was formally launched in October last year by Chinese President Xi Jinping. Taiwan in a surprise move also applied to join the AIIB, while reports said Beijing may not be considering North Korea's application to join it by stating that as per Taiwan joining the Bank we maintain that we should avoid two Chinas and one Taiwan and One China situation. Australia, UK, Germany and other countries which stayed away after US expressed concerns over its transparency signed up to the Bank much to the chagrin of Washington.

Posted on: 01st April 2015 Read complete Article →

Current Affairs 25 March 2015

Greek Prime Minister Alexis Tsipras in the maiden trip to Germany urged to end the eurozone by calling it by what name?: Stereotypes

Explanation: Tsipras in the first visit said the budget cuts and structural reforms demanded over the last five years in exchange for two enormous bailout programmes had not been a "success story" but rather brought his country to its knees. The austerity path Merkel has championed has had "horrible effects" including mass unemployment, widespread poverty and social unrest in Greece. Greece`s creditors agreed in February to extend its 240-billion euro ($260-billion) bailout by four months in exchange for promises of further reforms. At an EU summit last week, Athens lobbied Brussels to release vital funds left in the bailout package to help it make payments to creditors in the coming days, and avoid bankruptcy and a possible exit from the euro. Instead, the EU offered two billion euros in unused development funds to Greece after Tsipras vowed to clarify its reform pledges. But that money will not go into government coffers to service its debts.

Posted on: 25th March 2015 Read complete Article →

Current Affairs 24 March 2015

Which country’s military celebrated its Republic Day on 23 March 2015 after the 7 years with symbolic show of strength of its military might and aerial military expertise?: Pakistan

Explanation: ‘Pakistan Day’ so called Pakistan republic Day commemorates on 23 March 1940, when the Muslim League demanded the establishment of separate nations to protect Muslims in the then British colony of India. The symbolic military parade on Republic Day was held for the last time in 2008 and was later discontinued following an escalation in the military’s conflict with the Pakistani Taliban. The Republic Day Parade held at capital Islamabad was attended by Prime Minister Nawaz Sharif.

Posted on: 24th March 2015 Read complete Article →

Current Affairs 21 March 2015

In order to create stability in currency and stabilize the economy (similar in patter to EU), Russia’s president Vladimir Putin told the leader of Belarus and Kazakhstan on 20 March 2015 that three countries should consider forming which type of Union?: Common Currency Union

Explanation: Putin met Belarussian President Alexander Lukashenko and Kazakh President Nursultan Nazarbayev in the Kazakh capital Astana to discuss economic problems facing the three countries, all of which are members of the Eurasian Economic Union, a political and economic bloc of former Soviet republics.

Posted on: 21st March 2015 Read complete Article →

Bangladesh will get how much loan from the World Bank to help some five million poor people in rural areas of the country as per the announcement made on 19 March 2015?: $200 million

Explanation: Bangladesh has made remarkable progress in reducing poverty and over Sixteen million people came out of poverty in the last decade but still poverty remains a daunting development challenge with around 47 million poor people, most of whom live in rural areas. Therefore, with this loan help the project is designed to empower local communities by providing support and access to the market through business partnerships. It will also offer funding for small rural infrastructures and aim to help some of the poorest in society. The credits will be provided by the International Development Association (IDA), the World Bank’s concessional lending arm, with 38 years to maturity, a 6 year grace period, and a service charge of 0.75 percent.

Current Affairs 19 March 2015

Israeli Prime Minister Benjamin Netanyahu from Likud Party has suprise win in the country’s Parliamentary election by 30 seats in 120-member Israeli Knesst as announced on 18 March 2015. Thus with this win how many terms he would completing as Prime Minister of Isreal?: 4th Term

Explanation: 12th elections was held on 17 March 2015 and the results for the same were announced on 18 March. The main players where:

  • Benjamin Netanyahu: Victory for his Likud party could mean a fourth term for the veteran of Israeli politics. His hawkish stance on the Palestinians and Iran have made him popular with the right but a divisive figure.
  • Yitzhak Herzog: The co-leader of the centre-left Zionist Union electoral alliance, Mr Herzog has accused Likud of depressing Israeli living standards and campaigned against Mr Netanyahu's foreign policy. He has tried to counter Mr Netanyahu's accusations he is "soft" by pointing to his special forces background.
  • Tzipi Livni: Mr Herzog's co-leader in the Zionist Union, Ms Livni is a prominent advocate of seeking more co-operation with the Palestinian Authority.
  • Moshe Kahlon: A former Likud welfare and communications minister under Benjamin Netanyahu, Mr Kahlon's centre-right Kulanu party could play kingmaker in a coalition.

Israel election in numbers: 

71.8% voter turnout, the highest in 15 years
- 10 the smallest number of parties to enter parliament since 1992
- 28 a record number of female MPs
- 17 the number of Arab MPs, five more than in 2013

Posted on: 19th March 2015 Read complete Article →

Current Affairs 16 March 2015

In a historic event on 14 March 2015, a bronze statue of Mahatma Gandhi was unveiled at the Parliament Square in London. What is the significance of this statue?: With this statue, Gandhi became the first Indian and the only person never to have been in a public office to be honoured with a statue at the Parliament Square

Explanation: British Prime Minister David Cameron and Indian Finance Minister Arun Jaitley jointly unveiled the historic 9-foot tall Mahatma Gandhi bronze statue, which was created by Philip Jackson, was inspired by a 1931 photo of Gandhi at No. 10 Downing Street, where he met the then prime minister Ramsay MacDonald. From India, Bollywood legend Amitabh Bachchan and Mahatma Gandhi’s grandson Gopalkrishna Gandhi were also present. The statue of Mahatama Gandhi stands adjacent to statues of iconic leaders such as Britain’s war-time Prime Minister Winston Churchill and anti-apartheid icon Nelson Mandela.

Posted on: 16th March 2015 Read complete Article →

What is the name of the storm that hit the South Pacific Ocean on 14 March 2015 and cause heavy destruction in the island nation of Vanuatu?: Cyclone Pam

Explanation: island nation of Vanuatu is among the world’s poorest countries and highly prone to natural disasters. On 14 March 2015, Cyclone Pam has struck Vanuatu with winds up to 340 kph (210 mph) and which is rated as one of the most powerful ever storms in Pacific Ocean’s. Vanuatu is a sprawling country of 83 islands and 260,000 people situated around 2,000 km northeast of the Australian city of Brisbane. Formerly known as the New Hebrides, Vanuatu was jointly ruled by France and Britain until independence in 1980. 

Current Affairs 13 March 2015

Which European country on 12 March 2015 withdrew its bid to join the European Union?: Iceland

Explanation: Iceland tried to withdraw its EU bid last January but canceled the plan following massive public protests over the decision being made without a referendum. Thus on 12 March 2015 Iceland had announced that it is withdrawing its application for a membership in the 28-nation European Union (EU). The decision as made in interest that could be served best while it remains out of the EU. Iceland, the country situated in the North Atlantic and started its membership negotiations in 2010 primarily to better anchor itself to Europe two years after its economy imploded amid a banking collapse. 

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