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September 27, 2014

Daily Current Affairs 27 - 28th September 2014

1) Which act associated with setting up of a tribunal was struck down by the Supreme Court through its order delivered on 25 September 2014? – National Tax Tribunal Act
Explanation: In its order delivered on 25 September 2014, a Constitutional Bench of the Supreme Court said that Parliament could not take away the powers of the judiciary and rest
them in a tribunal which is not a court in its characteristic. A tribunal was set up in 2005 under the National Tax Tribunal Act. This tribunal was set up to decide tax-related cases by taking away jurisdiction of high courts in such matters. However, the 2005 law was stuck in litigation in high courts. All cases were transferred to the Supreme Court for a final decision. The Act allowed the executive extensive control with regard to appointments of members and procedure of the tribunal. The tribunal was envisaged to function like National Green Tribunal (NGT) in the taxation field.

2) What is the total amount allocated for Union Government’s five-year Clean India Mission (Swachh Bharat Mission) for urban areas as announced on 24 September 2014? – Rs. 62,000 crore
Explanation: The Clean India Mission would be implemented from 2 October 2014 for 4,041 towns of the country. The mission will include elimination of open defecation, conversion of insanitary toilets to pour flush toilets, eradication of manual scavenging, municipal solid waste management, bringing about a behavioural change in people regarding healthy sanitation practices, generating awareness among citizens about sanitation and its linkages with public health beside others. It will cover 1.04 crore households, provide 2.5 lakh seats of community toilets, 2.6 lakh seats of public toilets and solid waste management facility for all towns.

3) Which former Union Home Secretary took over as the Chairman of Tata International, the global trading and distribution arm of the Tata Group? – GK Pillai
Explanation: Apart from being a former Union Home Secretary, Pillai also took some other highly responsible government jobs such as Union Commerce Secretary and Secretary of the Department of Justice in the Ministry of Law and Justice. As Special Secretary in the Commerce Ministry, he was India’s Chief negotiator at the WTO. He succeeds B Muthuraman, who retires from the Tata group.

4) Which West Bengal based plant of Dunlop India Limited was re-opened after around 3 years on 25 September 2014? – Sahaganj plant
Explanation: The plant was re-opened after a tripartite agreement between the management, workers’ unions and the State Labour Department. Dunlop India Limited, the legendary maker of iconic Dunlop brand of tyres is going through rough weather for many years now. The company is owned by the Ruia Group. The Sahaganj plant was the first tyre manufacturing plant of Asia and was set-up in 1936. The operations in the plant were closed in October 2011 after the management had declared suspension of work citing law and order problems.

5) Which international rating agency on 26 September 2014 revised its outlook on India to stable from negative following which a spurt in share prices was registered in all major stock exchanges of the country? – Standard & Poor’s Ratings Services (S&P)
Explanation: S&P stated that improved political setting offers a conducive environment for reforms, which could boost growth prospects and improve fiscal management. At the same time, it affirmed the ‘BBB-‘ long-term and ‘A-3′ short-term unsolicited sovereign credit ratings on India.

6) Which player became the first one to fail the dope test at the ongoing 17thAsian Games (Incheon, South Korea) following which he was banned from all sporting activity for 30 days? – Khurshed Beknazarov, the football player of Tajikistan
Explanation: Khurshed Beknazarov was tested positive with methylhexanamine after a match against Singapore on 14 September 2014, five days before the opening ceremony. He was subsequently banned on 24 September 2014.

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