Current Affairs – January, 2015

Union Government renames Planning Commission as ‘Neeti Ayog’

Union government has renamed Planning commission as National Institution for Transforming India (NITI) Aayog. The renaming of the Planning Commission is being seen as the first step towards replacing it with a new-age institution. Key Facts about  National Institution for Transforming India (NITI) Aayog It will serve as a ‘Think Tank’ of the government i.e. Read More…

Government signs $ 75 million loan deal with Asian Development Bank for KIUWMIP

Government has signed a loan agreement with Asian Development Bank (ADB) for 75 million dollars and 1.8 million dollar grant for Karnataka Integrated Urban Water Management Investment Program (KIUWMIP). This loan fund will be used in the three towns of Byadagi, Davanagere and Harihar of Karnataka under the KIUWMIP. This loan seeks to expand and Read More…

Government splits Chairman & MD post in PSU banks and names chiefs for 4 PSU banks

Government has decided to separate the post of Chairman and Managing Director (MD) and Chief Executive Officer (CEO) in public sector banks. With this decision government is breaking the tradition of having the heads of state-run banks act as both chairman and managing director. As per the Finance Ministry, the Chairman in public sector banks Read More…

Microsoft sues Indian firm C-Cubed Solutions for technical support scam

Microsoft has sued an Indian company C-Cubed Solutions along with other entities for misusing its name and registered trademarks by providing fraudulent technical support services to unsuspecting consumers. In this regard, Microsoft’s Digital Crimes Unit has filed a civil lawsuit in federal court located in the Central District of California against C-Cubed Solutions for unfair Read More…

M Sathiyavathy becomes first woman to be appointed as Director General DGCA

IAS officer M Sathiyavathy has become first woman to be appointed as Director General (DG) of Directorate General of Civil Aviation (DGCA). She will succeed Prabhat Kumar, to become first woman to become the chief aviation regulator for period of three years till 2017. She is a 1982-batch UT cadre IAS officer. Earlier she has Read More…