Current Affairs – June, 2014

Latest Current Affairs June, 2014 with Current Affairs, news summary on current events of National and International importance of June, 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

Indian-origin judge V K Rajah is Attorney-General of Singapore

Indian-origin judge V K Rajah has been appointed as Attorney-General of Singapore. The swearing-in of Justice V K Rajah was presided by President of Singapore Tony Tan Keng Yam. Rajah will succeed Steven Chong.

VK Rajah was also appointed as a member of the Presidential Council for Minority Rights for a 3-year term. The 17-member council reports on matters, including Bills or other legislation.

Navratna Status granted to EIL and NBCC

The Union Government conferred Navratna status upon two Central Public Sector (CPSEs)– Engineers India Ltd (EIL) and National Buildings Construction Corporation (NBCC).

Department of Public Enterprises under the Ministry of Heavy Industries and Public Enterprises bestowed the Navratna status to these entities to provide them greater financial and operational autonomy. It will provide the companies greater flexibility in deciding on business propositions such as forming joint ventures or taking decision on projects involving major investments.

Key criteria for CPSEs to be eligible for Navratna status:

Should have Schedule A and Miniratna Category-1 status.
Should have at least 3 excellent or very good Memorandum of Understanding (MoU) ratings during the last 5 years.
Should have a composite score of 60 or above out of 100 marks based on its performance during the last 3 years on the six efficiency parameters which are:

  1. Net Profit to Net Worth
  2. Manpower cost to cost of production or services
  3. Gross margin to capital employed
  4. Gross profit to Turnover
  5. Earnings per Share
  6. Inter-Sectoral comparison based on Net profit to net worth.