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September 26, 2014

Daily Current Affairs - 24th September 2014

1) Which film will be India’s official entry into the 87th Academy Awards (Oscars) for 2015? – Liar’s Dice
Explanation: Liar’s Dice’ is a Hindi film directed by Geetu Mohandas and starring Geetanjali Thapa and Nawazuddin Siddiqui in lead roles. The film is a road drama about a tribal woman’s journey to find her missing husband. It beat 29 other films to represent India at the Oscars 2015. The film won the National award for best actress to Thapa and best cinematography award to Rajeev Ravi. The last Indian film that made it to the final five nominees at the Oscars was Ashutosh Gowariker’s ‘Lagaan’. ‘Mother India’ and ‘Salaam Bombay’ are the only other two Indian films to have made it to the top five.

2) The Union Govt. during September 2014 constituted a committee to recommend strategies on restructuring the Railway Board. Who is heading this committee? – Bibek Debroy
Explanation: Bibek Debroy is the leading economist and has been associated with the Centre for Policy Research (CPR). The committee basically has to suggest ways to restructure the board to ensure faster decision-making. It also has to suggest ways to ensure objectivity in decision-making. Additionally, it has to recommend ways to raise finances. Other members on the panel are Gurcharan Das, Ravi Narain (former CEO of National Stock Exchange), KM Chandrashekhar (former Cabinet Secretary), Partha Mukhopadhyay (Centre for Policy Research) and Rajendra Kashyap, former Finance Commissioner of Railways.

3) What is the new name of MCX Stock Exchange (MCX-SX) that was approved by capital market regulator Securities and Exchange Board of India (SEBI) recently? – Metropolitan Stock Exchange of India (mSXI)
Explanation: The board of MCX-SX approved the proposal for rechristening the exchange few months ago and subsequently an application was submitted to the SEBI. The name change is a part of the turnaround strategy to give the exchange a new identity and disassociate itself from the scam-tainted promoter Financial Technologies.

4) The National Pharmaceuticals Pricing Authority (NPPA) announced to roll-back its earlier decision to bring about 108 non-scheduled drugs under price control. These drugs are meant for the treatment of lifestyle diseases such as heart disease and diabetes. Which Paragraph of the Drug Price Control Order, 2013 (DPCO 2013) is associated with this issue? – Paragraph 19
Explanation: This move comes soon after the Delhi High Court instructed the Government and the pharmaceutical companies to resolve the matter expeditiously since it impacts people. The pharmaceutical associations challenged the move by NPPA to cap the price of 108 drugs by an order on 29 May 2014. The Authority had invoked Paragraph 19, DPCO, to extend the controlled regime to medicines which don’t fall under the National List of Essential Medicines. Under Paragraph 19, DPCO, the NPPA has the authority to extend price control over medicines outside of the essential medicines list in “extraordinary circumstances” and in the “public interest”.

5) Who won the first silver medal for India at the 17th Asian Games on 23 September 2014? – Saurav Ghosal (in men’s squash singles)
Explanation: Saurav Ghosal won the silver medal in the men’s squash singles after he lost to Kuwait’s Abdullah Almezayen by 12-10, 11-2, 12-14, 8-11, 9-11. Saurav let the two-game advantage slip away as Abdullah staged an incredible come-back to claim the gold. His silver medal thus became India’s first silver medal in the Games. Prior to this Ghosal had three Asian Games medals, all bronze, in his name.

6) Anandji Jamnadas Dossa (A.J. Dossa), who passed away on 22 September 2014 at the age of 98, was a renowned authority on which aspect of cricket? –Cricket Statistics
Explanation: A.J. Dossa was associated with the All India Radio (AIR) as cricket statistician from 1956-57 to 1972-73. He served as the first President of the Association of Indian Cricket Statisticians and Scorers (ACSSI), which was formed in the 1980s. His fame of keeping cricket statistics was such that he was often described as the human computer of cricket.

7) Sudhir Kumar Jain was terminated from the post of Chairman-cum-Managing Director (CMD) of which public-sector bank on 22 September 2014? –Syndicate Bank

Explanation: In a communication to the stock exchanges, the bank said that the Central Government in its letter dated 22 September has terminated the term of office of Sudhir Kumar Jain as CMD of the bank with immediate effect. He had been placed under deemed suspension with effect from 2 August 2014 in the wake of his arrest by CBI for allegedly accepting bribe to hike the credit limit of some private companies bypassing rules.

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