Some Important Telangana Info.

Kalvakuntala Chandrashekar Rao founder president of Telangana Rashtra Samiti was sworn as the First Chief Minister of the new state Telangana by Governor ESL Narasimhan. The newly formed 29th state has 10 districts with Hyderabad as the shared capital with Andhra Pradesh. With the creation of state President’s rule was lifted. Location of Telangana falls between two rivers Krishna and Godavari.

It is bordered by AP, Maharashtra, Karnataka, Chattisgarh and Odisha. It is 12th largest state in terms of area and population. Official language of Telangana is Telgu with Urdu as its second official language. It will have bicameral legislation. Its high court will be located at Hyderabad.

Delayed Monsoon likely to hit farmers.

Agriculture sector is expected to be under stress because of less then normal monsoon this year as per IMD (indian meteorological department). The cause of this unusual climatic condition is El Nino effect.

El Nino effect: It is the refers to variations in the temperature of the surface of the tropical eastern Pacific Ocean and in air surface pressure in the tropical western Pacific. Opposite of its is La Nina.

Developing countries dependent upon agriculture and fishing, particularly those bordering the Pacific Ocean, are the most affected. El niño is Spanish for "the boy", and the capitalized term El Niño refers to the Christ child, because periodic warming in the Pacific near South America is usually noticed around Christmas. Warm air rises near Peru, causing rain in the northern Peruvian deserts.

Kharge to Lead Congress in Lok Sabha.

Congress decided Mallikarjun Kharge (former Railway Minister) to lead party in current Lok Sabha season. He represents Gulbarga constituency Karnataka.

NDRI produces the Clone of Murrah buffalo.

National Dairy Research Institute, Karnal have produced female calf clone named Lalima from a high yeilding variety of Murrah buffalo. It earlier produced the clone of a female buffalo ‘Purnima’ from a high-yeilding animal in 2013 but it survived for only 21 days.

SIT members decided roadmap for further process on Black Money.

SIT refers to Special Investigation Team decided the road map and detailed modalities of proceeding further in accordance with the Supreme Court mandate, according to an official release. The Narendra Modi government had constituted the SIT to implement the decision of the apex court to probe large amounts of money stashed abroad by tax evaders. The ambit of the SIT also covers the funds generated through unlawful activities and salted away in overseas havens.

                                                                        SIT:-
                                                                        Chairman:- Justice MB Shah (retd)
                                                                        Vice Chairman:- Justice Arijit Pasayat (retd)
 
 Government committed to the goal “Housing for all by 2012” , Says Venkaiah.

Union Minister of Urban Development, Housing and Urban Poverty Alleviation (HUPA) M Venkaiah Naidu said that the government was committed to the goal of ‘Housing for all by 2022. 2022 is the 75th year of India’s freedom when the dream of the urban poor for housing needed to be realized. “Housing for all is a challenging task since the ministry has only Rs. 35,000 crore to provide affordable housing and for slum development in the 12th Plan while the requirement is much larger. It is for this reason that the public private partnership and corporate social responsibility are required in this sector,” Naidu said.

Jaitley is appointed as India’s Governor on ADB Board.

Finance Minister Arun Jaitley has been appointed as India’s Governor on the Board of Governors of the Asian Development Bank (ADB). The appointment is with effect from May 27. The position was earlier held by former Finance Minister P. Chidambaram.

The Board of Governors is the ADB’s highest policy making body and has one representative from each member country.

ADB, founded in 1966, aims to improve people’s lives in Asia and the Pacific.It approved $21.02 billion in financing in 2013.

World first solar plane makes inaugural flight.

A solar powered plane made successful inaugural flight in Switzerland on Monday. The Single seater aircraft, with which Swiss pioneers Bertrand Piccard and Andre Borschberg are attempting to carry out the first solar-powered flight around the world in 2015, is the first able to fly day and night without fuel or polluting emissions. 

Spain’s King Juan Carlos abdicated his position.

  

Under situations like facing royal scandals amid the nation’s near financial meltdown. Spain’s King Juan Carlos announced today he will abdicate in favour of his son Crown Prince Felipe, making way for a ‘new generation’.

 
India became the second largest exporter of textiles in the world pips Italy, Germany: UN Comtrade.

India lag behind Italy to become the second largest exporter of textiles in the world. China still remains the largest exporter of textiles in the world.

India’s share in Global Textiles has increased by 17.5% from 2012 to 2013. As a result India's share in the global textile exports in 2013 is 5.2%

Currently India exports 40.2 billion US dollars textiles to the world.

Indian textile exports grew by 23%. This is in contrast to global textile growth rate of only 4.7%, and China and Bangladesh growth rate of 11.4% and 15.4% respectively.

This growth in the increase in share of the textiles exports from India is mainly due to the growth in the Apparel and Clothing sector which accounts for almost 43% of the share alone.

RBI announced second Bi-Monthly Monetary Policy Statement.
 

The Reserve Bank of India (RBI) announced second Bi-Monthly Monetary Policy Statement on 3 June 2014. RBI in its second bi-monthly monetary policy statement has kept the policy rates unchanged. The current rates are as follow

Repo Rate:- 8.00 percent

Cash Reserve Ratio:- 4.00 percent

Reverse Repo Rate:- 7.0 percent

Marginal standing facility (MSF) rate and the Bank Rate at 9.0 percent.

Statutory Liquidity Ratio (SLR) :- Reduced by 50 basis points from 23 percent to 22.50 percent of their NDTL

Introduce a special term repo facility of 0.25 percent of NDTL to compensate fully for the reduction in access to liquidity under the ECR (Export Credit Refinancing) with immediate effect.

India and France started Garuda V bilateral air exercise at Jodhpur Air Base.
 

The Indian Air Force (IAF) and French Air Force (FAF) commenced the bilateral exercise Garuda V on 2 June 2014 at Jodhpur Air Base. The bilateral air exercise is fifth in the series and will end on 13 June 2014. The aim of the exercise is to enhance operational co-operation and to validate capabilities. The 2014 edition of the exercise will involve the assets of Indian Air Force’s main operational formations like Gandhinagar based South Western Command and Allahabad based Central Air Command.

First Garuda Exercise was undertaken in February 2003 at the Indian Air Base of Gwalior. The last edition of the Garuda exercise, Garuda IV was held in 2010 at Istres, France.

Peter Mutharika sworn-in as President of Malawi.

Peter Mutharika was sworn-in as President of Malawi on 31 May 2014.

He won the presidential election of Malawi by defeating previous President Joyce Banda.

The result was announced by the Malawi Electoral Commission (MEC) on 30 May 2014. The capital of Malawi is Lilongwe.