Current Affairs For Bank, IBPS Exams - 31 January, 2014

Current Affairs For Bank, IBPS Exams

When the Reserve Bank of India tacitly acknowledge the existence of dogecoin, a digital currency that was initially started as a joke, the central bank couldn’t have imagined that the dogecoin community would put together a fund-raising effort aimed at helping Indian athletes reach the Sochi Winter Olympics.
The Dogecoin Foundation, a non-profit organisation started by dogecoin creators Jackson Palmer and Billy Markus, has just done that, however. According to several media reports, Indian athletes Himanshu Thakur and Nadeem Iqbal require funding to defray the costs of competing at the Sochi Winter Olympics.
The dogecoin community took to the challenge, and raised the roughly $6,000 required to help the athletes.
Virtual currencies such as bitcoin and dogecoin have received little clarity with regards to regulation from the Government and the RBI.
The I-T department and Enforcement Directorate have conducted raids against several bitcoin operators despite the current lack of regulation.

Technology giant Microsoft is likely to name Indian-American top executive Satya Nadella to replace longtime chief Steve Ballmer as the new Chief Executive Officer, capping a five-month search for the only third CEO in the company's history.
The Hyderabad-native, who is the executive vice president of Microsoft's Cloud and Enterprise group, has been among the front-runners being considered for the top job.

Janet Yellen, the first woman to chair the Federal Reserve in its 100-year history, will take over the reins of the US central bank and formally be sworn in soon.
She succeeds Chairman Ben Bernanke, Yellen will be sworn in by Fed Governor Daniel Tarullo,
Yellen will be one of a handful of women heading central banks globally. Her main task will be to navigate the US central bank's way out of its extraordinary stimulus, beginning with a further dialing down of its massive bond-buying programme, and deciding when to raise rates.
The Fed has already announced a $20 billion reduction in its monthly asset purchases and is expected to completely shut down the program by year-end.

The victory at the Syed Modi International tournament in Lucknow helped London Olympics bronze medallist Saina Nehwal to surge two places to reach the seventh position in the latest world badminton ranking, released in Kuala Lumpur recently.
The 23-year-old, who broke a 15-month title drought in Lucknow after winning the Grand Prix Gold event, bagged 7,000 ranking points and now has 59,680 points from 14 tournaments.
P.V.Sindhu, who finished runners-up at that tournament after losing the final to Saina, also broke back into the top 10 with 55,752 ranking points. She gathered 5950 points from her second-place finish at Syed Modi International tournament.
Rising men’s singles player, K.Srikanth, who also finished runners-up at Lucknow, made a massive jump of 10 places to break into the top-20. He is currently the second highest ranked men’s shuttler behind Parupalli Kashyap, who is at 18th spot.

Scotland pipped Kenya to secure their third World Cup appearance while United Arab Emirates (UAE) also booked their ticket for next year’s marquee 50-over tournament in Australia and New Zealand.
On the final day of the Super Sixes in Christchurch, Rob Taylor shrugged off his poor form and, batting at number eight, blasted 46 unbeaten runs off 37 balls to help Scotland reach the 261-run victory target with three balls to spare.
Scotland and UAE will now play the tournament final at Bert Sutcliffe Oval .