Current Affairs For Bank, IBPS Exams - 05 March, 2014

Current Affairs For Bank, IBPS Exams

Technology giant Google has launched indoor maps in India that will help users browse through and locate specific locations inside venues like malls and museums.
The service, available as part of Google Maps, is already available in countries like the U.S., Japan, Singapore, Hong Kong and the Netherlands.
The service will be available free to Android and iOS users.
Apart from the metros, indoor maps will cover locations in cities like Bhopal, Coimbatore, Chandigarh, Dehradun, Jaipur, Kochi, Lucknow, Ludhiana and Moradabad.
Apart from malls, indoor maps would be available for National Gallery of Modern Art in Delhi, Salar jung museum in Hyderabad and Hyderabad International Convention Centre.

Switzerland may no longer be a honeymoon spot for tax evaders. A new international standard of tax data sharing is set to make things harder for tax haven networks around the world that have in the past included Switzerland and tiny island nations and enclaves. But India would have to frame new laws to make use of the new system.
The new standard, radically different from the current system, aims to prevent wealth from flowing into financial “black holes” through a systematic global regime of information sharing.
Banks and authorities using secrecy laws to evade governments trying to hunt down black money hoarders could lose much of their power. Past offenders, who have so far easily escaped by moving assets, will be in a fix when information about them gets leaked.
The Organisation for Economic Cooperation and Development (OECD) presented a draft framework for the new standard and the finance ministers of the G-20, including India, endorsed it on February 23.
However, there are some loopholes. Vast amounts of illicit money are concealed through anonymity of contributors in trusts and foundations.

Brazil is commemorating the 100-day mark to the World Cup by lighting up tourist attractions with the green and yellow colours of the national flag.
Some monuments, bridges, theatres and World Cup stadiums were lit up across the country to celebrate the milestone.
Among the stadiums illuminated with the national colours were the Mineirao in Belo Horizonte and the Maracana, which will host the final of football’s showcase event in Rio de Janeiro on July 13.
The World Cup begins on June 12 with Brazil playing Croatia in Sao Paulo.

Sheila Dikshit, the Congress leader who served three terms as Chief Minister of Delhi, has been appointed the Governor of Kerala.
The decision taken by the union government, which is led by Ms Dikshit's party, has ignited criticism from other political groups especially Arvind Kejriwal's Aam Aadmi Party or AAP.
As Kerala Governor, Ms Dikhsit, who is 75, replaced Nikhil Kumar, a former police commissioner of Delhi who is likely to run for parliament from Bihar.