Current Affairs – January, 2014

Latest Current Affairs January, 2014 with Current Affairs, news summary on current events of National and International importance of January, 2014 for Banking, SSC, CLAT, UPSC, State PCS, IBPS, Railways and other Competitive Examinations.

PDF Compilation of these updates can be downloaded from This Link

Mr. Raymond Weil: Swiss luxury watch pioneer passed away

Screenshot_1Mr. Raymond Weil (87), watch marketing pioneer and founder of the famed eponymous Swiss timepiece brand passed away.

About Mr. Raymond Weil

Born: 1926
Founded:  Raymond Weil Watch Company in 1976 in Geneva, Switzerland.
One of the great innovators of the Swiss watch industry.

Purpose for forming a company: To create high quality timepieces with superior design at affordable prices.

The company was formed at a time when the Swiss watch industry was going down due to the quartz crisis.

PAN Application procedure Changed from February 3, 2014

The procedure for PAN allotment process will undergo a change with effect from February 3, 2014.

  • Applicants for Permanent Account Numbers (PAN) will have to produce original documents of proof of identity, address and date of birth for verification at the time of applying.
  • Copies of proof of identity, address and date of birth attached with PAN application forms will be checked against their original documents when applications are submitted at PAN facilitation centres.
  • Original documents shall not be retained by the PAN Facilitation Centres and will be returned back to the applicant after verification.
  • An applicant can obtain a PAN card by paying a fee of Rs 85, plus service tax, in cash at the facilitation centre.

Note: PAN is a 10-digit alphanumeric number issued in the form of a laminated card by the Income Tax department to any person or entity applying for it or to whom the department has allotted a number without an application.