Current Affairs For Bank, IBPS Exams - 30 August, 2014

Current Affairs for BANK, IBPS Exams

The Competition Appellate Tribunal has stayed Competition Commission of India’s (CCI) Rs.25- crore penalty and modification of the gas sale contract order against Adani Gas Ltd., the city gas distribution arm of Ahmedabad-based Adani Group.
In July, the Fair trade watchdog had slapped a fine of Rs.25.67 crore on Adani Gas for violating competition norms by abusing its dominant market position.
Adani Gas is a subsidiary of Adani Enterprises, which is a part of the diversified Adani Group.
The Commission’s ruling had come on a case related to supply and distribution of natural gas by Adani Gas Ltd. in Faridabad.

A ‘Visitorial Committee’ has been set up by the Union Human Resource Development Ministry under the convenorship of former Indian Institute of Science Director Goverdhan Mehta to look into the functioning of Indira Gandhi National Open University from 2006.
The committee will look into the massive expansion that was undertaken during the Vice-Chancellorship of V.N. Rajasekharan Pillai and the subsequent closure of a large number of courses during the current regime of M. Aslam.
The three-member committee will examine all aspects of IGNOU’s decision to enter into MoUs and MoAs with organisations for imparting programmes and courses “leading to dilution of standards of education through distance and open learning.”
Financial irregularities in the grant of recognitions will be scrutinised, so also the conduct of both serving and former officials.
The committee has also been asked to address the problem of those students who have completed their courses but are awaiting their degrees/diplomas.

The awardees:

Arjuna award: Abhishek Verma (archery), Tintu Luka (athletics), H.N. Girisha (para-athletics), V. Diju (badminton), Geethu Anna Jose (basketball), Jai Bhagwan (boxing), R. Ashwin (cricket), Anirban Lahiri (golf), Mamta Pujari (kabaddi), Saji Thomas (rowing), Heena Sidhu (shooting), Anaka Alankamony (squash), Tom Joseph (volleyball), Renubala Chanu (weightlifting), Sunil Kumar Rana (wrestling).
Dronacharya award: Mahabir Prasad (wrestling); Lifetime achievement: N. Lingappa (athletics), G. Manoharan (boxing), Gurcharan Singh Gogi (judo), Jose Jacob (rowing).
Dhyan Chand award: Gurmail Singh (hockey), K.P. Thakkar (swimming-diving), Zeeshan Ali (tennis).
Tenzing Norgay Awards: Land adventure: Subedar Jagat Singh, Passang Tenzing Sherpa; Air adventure:
MWO Surender Singh; Lifetime achievement: Wg. Cdr. (retd) Amit Chowdhury.
Maulana Abul Kalam Azad Trophy: Punjabi University, Patiala.
Rashtriya Khel Protsahan Puraskar: Oil and Natural Gas Corporation (employment of sports persons and sports welfare measures); Jindal Steel Works (community sports–identification and nurturing of budding/young talent); Guru Hanuman akhara (establishment and management of sports academies of excellence); Child Link Foundation of India–Magic Bus (other forms of sports activities not covered in the categories mentioned in the schemes).

The Competition Commission, which has put the multi-billion dollar Sun-Ranbaxy deal for public scrutiny, said the major issue is whether the combination would result in high market concentration of certain molecules.

Tech giant Apple is expected to unveil a larger screen version of its popular iPhone along with its first smartwatch on September 9 in its hometown in Cupertino, California.

Officers of the Border Security Force and the Desert Rangers of Pakistan held their third flag meeting along the international border that has witnessed relentless ceasefire violations in the past month and a half.
While the BSF complained about regular ceasefire violations, the Pakistani Rangers denied the charge and drew attention to the loss of life and property in BSF shelling.

The Justice Mukul Mudgal Committee filed a report in the Supreme Court on its investigation into the roles of ICC president N. Srinivasan and 12 prominent players in the Indian Premier League (IPL) betting and spot-fixing scandal.