Current Affairs For Bank, IBPS Exams - 31 October 2013

Current Affairs For Bank, IBPS Exams

The Indian Space Research Organisation (ISRO) will initiate a dry run of the Mars Orbital Mission on board the PSLV C25 that is scheduled for lift-off from the spaceport here on November 5.
The dry run will simulate the entire command sequence of the eight-and-a-half hours of the countdown, leading to the lift-off, barely six days before the PSLV rocket actually zooms away into space on what ISRO Chairman K. Radhakrishnan called “the most cost-effective mission” to showcase Indian capability to reach and orbit around the red planet.

While a decision is still to be taken on whether the Prime Minister will attend the Commonwealth Heads of Government Meeting in Colombo, Sri Lanka’s Northern Province Chief Minister C.V. Wigneswaran has invited Manmohan Singh to visit Jaffna (capital of the Tamil majority province).
In a message to Dr. Singh, Mr. Wigneswaran thanked the Prime Minister and India for “persuading the Sri Lankan government” to hold the Northern Province elections under the 13th Amendment.
He underlined that he had won the elections in the province — the focal point of fierce battles between Sri Lankan armed forces and the Liberation Tigers of Tamil Eelam, with a large number of civilians badly affected — by a “sizeable majority.”
“Basically, Mr. Wigneswaran would like Dr. Singh to engage both in Colombo and Jaffna. This also shows that Sri Lanka’s Tamil community wants India to remain engaged on issues important to them such as national reconciliation, political devolution of power and resettlement of the displaced,”
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The Government-appointed Kirit Parikh Committee has recommended a price increase of Rs. 5 per litre in diesel, Rs. 4 per litre in kerosene, and Rs. 250 in LPG cylinder with immediate effect.
It has also recommended that the subsidised LPG cylinders be reduced from the present nine to six cylinders per annum to each household.
It has pitched for capping the subsidy on diesel at Rs. 6 per litre. At the same time, it has called for the elimination of subsidy on diesel within one year, which could save the exchequer Rs. 72,000 crore in fuel subsidy.
Mr. Parikh submitted the report to Petroleum and Natural Gas Minister Veerappa Moily .
The Kirit Parikh panel was set up by the Petroleum and Natural Gas Ministry to suggest a methodology for pricing of diesel and cooking fuel.

The meteoric rise in bitcoin has meant that within the space of four years, one Norwegian man’s $27 investment turned into a $886,000 windfall.
Kristoffer Koch invested 150 kroner ($26.60) in 5,000 bitcoins in 2009, after discovering them during the course of writing a thesis on encryption.
He promptly forgot about them until widespread media coverage of thedecentralised digital currency in April 2013 jogged his memory.
Bitcoins are stored in encrypted wallets secured with a private key, something he had forgotten.
After eventually working out what the password could be, Mr. Koch got a pleasant surprise: “
In April 2013, the value of bitcoin peaked at $266 before crashing to a low of $50 soon after.