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Monday, 17 November 2014

News Roundup - 17 November 2014

  1. German Chancellor Angela Merkel utilised a meeting with Prime Minister Narendra Modi to raise the move to drop German as third language in Kendriya Vidyalayas and was assured it would be looked into within the confines of the Indian system.
  2. Connaught Place, Central Park is now a Wi-Fi zone. Member of Parliament from New Delhi constituency Meenakshi Lekhi launched the service. The project has been taken up by Tata Teleservices Limited as part of their corporate social responsibility in association with the New Delhi Municipal Council (NDMC).
  3. K. Srikanth and Saina Nehwal won the men’s and women’s titles in the China Open Super Series Premier badminton tournament in Fuzhou on Sunday. Srikanth is the first Indian male shuttler to win a Super Series Premier event. He defeated the formidable Lin ‘Super’ Dan of China in the final.
  4. A birder from Bangalore has not just spotted a Sooty Gull ( Larus hemprichii ) at Kodi village near Kundapur in Udupi district but also managed to get a few snaps of it. It is said to be the first sighting of the Sooty gull on the State’s coast.
  5. AYUSH (Ayurveda, Yoga, Unani, Siddha and Homoeopathy) university is likely to open next year in Shimoga.
  6. The Islamic State (IS) group released a video claiming the beheading of U.S. aid worker Peter Kassig in a warning to Washington as it prepares to send more troops to Iraq. The same video showed the gruesome simultaneous beheadings of at least 18 men described as Syrian military personnel, the latest in a series of mass executions and other atrocities carried out by IS. In the undated video, a man who appears to be the same British-accented jihadist who beheaded previous Western hostages stands above a severed head. “This is Peter Edward Kassig, a U.S. citizen of your country,” the black-clad masked executioner says, daring U.S. President Barack Obama to send more troops back to the region to confront IS. “Here we are burying the first American crusader in Dabiq.”
  7. International Society for Krishna Consciousness (ISKCON) is undertaking the construction of a 210-metre-high Chandrodaya Mandir. The temple would be three times taller than the Qutub Minar. Expected to be completed in five years, the Rs.300-crore project has been conceived by Akshaya Patra Foundation chairman Madhu Pandit Dasa. The temple’s foundation stone was laid on March 16.
  8. RBI announced new stipulations for non-banking finance companies (NBFCs) in what is seen as an attempt to drive convergence among various players in the financial services sphere. RBI said that the NBFCs should raise their net-owned funds to Rs.2 crore by 2016, and reduce the NPA (non-performing assets) recognition time to 90 days by 2018. Also, the NBFCs are told to increase the provisioning for standard assets to 0.4 per cent by March, 2018. After March, 2016, rating becomes mandatory for all asset financing firms that take public deposits. Further, the apex bank stipulated that all systematically important NBFCs have a Tier-I capital of 10 per cent by 2017.


Credits: The Hindu, Google. 

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