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

Current Affairs For Bank, IBPS Exams

The Securities Appellate Tribunal (SAT),dismissed an appeal filed by Reliance Industries Ltd. (RIL) against capital market regulator Securities and Exchange Board of India (SEBI), which rejected RIL’s consent application on an insider trading case.
The case involved trading in shares of RIL’s group company, Reliance Petroleum, in November, 2007.
“Since Section 15T(2) is deleted and Section 15JB (4) is inserted to the SEBI Act with retrospective effect from April 20, 2007, by Ordinance No: 2 of 2014, which bars appeal against any order passed in consent proceedings, we have no option but to dismiss the appeal,” said Justice J. P. Devadhar, Presiding Officer of SAT, in his order.

India’s Polar Satellite Launch Vehicle C-23 successfully put five foreign satellites into orbit in the presence of Prime Minister Narendra Modi at the Indian Space Research Organisation’s spaceport in Sriharikota.
In a smooth 20-minute mission, the ISRO launched the 714-kg French earth observation satellite SPOT-7, the 14-kg German AISAT, the two 15-kg Canadian NLS7.1 (CAN-X4) and NLS7.2 (CAN-X5) and the 7-kg Singapore VELOX-1. Following a “perfect” lift-off at 9.52 a.m., the PSLV-C23’s four stages came to life and fell off as programmed — the 4-storey heat shield which protected the satellites from turbulence, split in two and fell into the Bay of Bengal. Soon, all five were in their slots at a height of more than 660 km.

Two days after the Central Bureau of Investigations (CBI) recorded his statement as a witness in the probe into kickbacks in the 2010 AgustaWestland chopper deal, M.K. Narayanan has resigned as Governor of West Bengal.
The first Governor to be questioned by an investigative agency, Mr Narayanan is the fourth Governor to resign following pressure from the BJP government on appointees of the UPA government. A formal acceptance of the resignation by the President is awaited.
The 80-year-old Narayanan, a former director of the Intelligence Bureau (IB) and National Security Adviser (NSA) in the first Manmohan Singh government, is considered close to the Congress and his tenure would have come to an end in January 2015.

Prime Minister Narendra Modi asked India’s space community to take up “the challenge of developing a Saarc satellite” which can be dedicated to “our neighbourhood, as a gift from India”.
He suggested that the Saarc satellite could provide a full range of applications and services to all neighbours of India. He also asked the Indian Space Research Organisation (ISRO) “to enlarge the footprint of our satellite-based navigation system to cover all of South India.”