Current Affairs – October, 2014

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

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SC gives free hand to NGT to whip Ganga polluting industries

The SC has asked the National Green Tribunal (NGT) to actively involve itself in the cleaning up of the Ganges river

Inactivity of other bodies

The SC asked the NGT to step in and take up the task of closing down industries polluting Ganga and take action against industries failing to install adequate anti-pollution measures to treat industrial effluents by March 2015. This responsibility had been entrusted to the Central Pollution Control Board (CPCB) and state pollution control boards (SPCBs). However, these agencies have failed to even implement SC orders which have been passed over the last 30 years to reduce pollutants in the Ganga.

Efficient functioning of the NGT

The SC opined that the NGT’s work, with its expertise in the field of environment, was impressive. The NGT would be in a better position to follow through on judgments and monitor their implementation in certain scenarios like the closure of polluting industries. Also, it can oversee the actions taken by different authorities and environmental agencies.

The SC has decided to give a free rein to NGT to take control of the cleaning-up of the Ganga. It will deal with the highly polluting industries which are discharging untreated effluents into Ganga and take appropriate measures, as it deems fit. The SC will retain control of certain matter such as those relating to ‘discharge of untreated sewage from municipalities and towns in the Ganga basin states’. The Court also asked the NGT to file status reports after intervals of six months on action being taken by it against polluting industries.

Government submits list of 627 people having illegal accounts in foreign banks to SC

The Centre has submitted a list of people having illegal accounts in foreign banks to the Supreme Court (SC), who handed it over to the SC appointed SIT (Special Investigation Team)

Attorney-General Mukul Rohatgi filed a set of three documents in a sealed cover with the SC, on behalf of the Central Government. The documents contain the names of 627 persons having illegal HSBC accounts in Geneva which was provided by France and a status report of the investigation against them. The deadline for investigation into these accounts under the Income Tax Act is March 31, 2015.

Earlier, the government had released the names of three people from the list. The three persons whose names had been released are Pradip Burman, former executive chairman of Dabur; Pankaj Chimanlal Lodhiya, a Rajkot-based bullion trader and Radha S.Timblo, a Goa-based miner and owner of Timblo Pvt Ltd.Following this, the SC had issued an order asking the government to release all the names. The Court rejected the Centre’s argument that it would reveal the only the names against whom the Income Tax Department has evidence.


Once the documents were handed to the SC, the Bench handed the documents over to the SIT without opening the documents. The sealed cover will be opened by the Chairman and Vice-Chairman of the SC-appointed SIT. The further course of action will also be determined by the SIT. The Chairman of the SIT mentioned that there was no new detail in the list, and that the SIT already had the list of names.


Though there are no official or authorised estimates, Global Financial Integrity (GFI), which is a Washington-based think-tank, has estimated that Indians have parked US $462 billion in bank accounts in overseas tax havens between 1948 and 2008.