Important News India & World


World Investment Report 2014- India slips to 4th place in UNCTAD’s FDI destination ranking.
Note: China has retained its top position as the world’s most attractive investment destination followed by the US and Indonesia
at second and third place, according to the UNCTAD’s World Investment Report 2014.
2. Google closed the social networking site Orkut permanently on 30 September 2014. Orkut started in 2004 was named
after its creator, Orkut Buyukkokten, a Google employee.
3. Afghanistan signed Bilateral Security Agreement (BSA) with the US with an aim to allow some US troops to remain in the
country till 2015.
4. Amazon founder Jeff Bezos visited India. Amazon said it will invest USD 2 billion (over Rs 12,000 crore) in Ito expand
expand business, a day after its largest Indian rival Flipkart announced USD 1 billion in funding
5. Microsoft is the first foreign company to enter China after the govt lifted a 14-year ban: US technology giant Microsoft
launched its Xbox One game console in China, the first foreign company to enter the potentially massive market after the
government lifted a 14-year ban.Union Government declared 25 September as Antyodya Diwas. Antyodya diwas was observed to mark the 98th birth
anniversary of Pandit Deendayal Upadhyay.
7. China’s e-commerce giant Alibaba gets approval to set up
private bank in China
8. The Indian economy will grow at a rate of 5.6 per cent in 2014
according to United Nations Conference on Trade and
Development (UNCTAD).
9. Alibaba Group Holding Ltd’s initial public offering (IPO) now
ranks as the world’s biggest in history at $25 billion, after the ecommerce
giant and some of its shareholders sold additional
shares. Jack Ma is the founder of Alibaba
Note: The IPO surpassed the previous global record set by
Agricultural Bank of China Ltd in 2010 when the bank raised
$22.1 billion.
10. The British aid worker, David Haines was in news as he was
beheaded by Islamic State of Iraq and Syria (ISIS) militants.
11. Bamiyan has been selected to be the SAARC cultural capital for
a year beginning April 2015. Dhaka will be the SAARC cultural
capital in 2016-17. The year 2016-17 will also be declared the
SAARC Year of Cultural Heritage.
12. World population will reach 11 billion by 2100 and it was highly
unlikely that global population will stabilize by the end of 2100
according to UN report.
13. KPMG-FICCI study has ranked India among top three medical
tourism destinations in Asia. The other two countries within Asia
that receive maximum medical tourists are Thailand and
14. According to UN High Commissioner for Refugees (Antonio
Guterres) : number of people seeking refugee status in developed
nations has gone up by 24 percent in the first half of 2014.
15. ONGC to contribute Rs. 20.75 cr for the beautification and cleanliness of the Taj Mahal.
Note: ONGC has launched a ‘Swachchha Smarak, Swachchha Bharat’ campaign to clean up memorials and heritage
16. Auto Portal Cardekho acquired for 11 million US dollar
17. Volcano Mount Ontake in Japan erupted killing more than 30 people and injuring as many people.
18. Sri Lanka won the backing of 22 nations in its battle against the UN’s war crimes probe into the country’s human rights
record during its brutal civil war.
19. Forbes India released The 100 Richest Indian List 2014: According to the Forbes India List, the Top 10 Richest people
of India:1. Mukesh Ambani; 2. Dilip Shanghvi; 3. Azim Premji; 4. Pallonji Mistry; 5. Lakshmi Mittal; 6. Hinduja brothers;
7. Shiv Nadar; 8. Godrej family; 9. Kumar Birla; 10. Sunil Mittal
Note: Mukesh Ambani topped the list for the eighth consecutive year with a net worth of 23.6 billion US dollars.
20. Former British Prime Minister Tony Blair named “gay icons” in recognition of his work for gay rights.
21. Emami biotech acquired Vanaspati brand Rasoi. The deal is estimated to be worth around 20 crore rupees. This is Emami’s
second acquisition in three months and with this deal Emami makes entry into vanaspati segment.
22. US to pay 500 million US dollar in compensation to Native American Navajo tribe ending decades-old disputes over use of
their land,
Note: i. In return, the tribe will not claim lawsuits over US management of Navajo resources and funds.
ii. The sum is the largest ever paid by the United States to a single tribe, according to The Washington Post.
iii. The Navajo reservation, straddling the western states of Arizona, New Mexico and Utah, is the largest in the United
States, covering around 70,000 square miles (181,299 square kilometers).
iv. The Navajos are the largest indigenous tribe in the United States with more than 300,000 members.Gujarat Cooperative Milk Marketing Federation (GCMMF), which sells Amul brand of milk products ranked 15th among
the top dairy organisations in the world in the International Farm Comparison Network (IFCN) – a global dairy knowledge
Note: India is the largest producer of milk in the world
24. Adani Mining took a step closer to the development of Australian $2.2 billion ($1.94 billion) coal mining project in
Australia after the federal government approved construction of a rail haulage line.
25. Prime Minister Narendra Modi to be conferred with honorary doctorate degree by the Dr Nelson Mandela School of Public
Policy of the university.
26. Search giant Google launched a new social campaign in association with Bollywood actor-director Farhan Akhtar’s
initiative “MARD”, to increase internet literacy among women in the country.
27. NASA’s MAVEN spacecraft enters Mars orbit to study how the Red Planet’s climate changed over time from warm and wet
to cold and dry.
28. Achin and Sarthak Narula Brothers won 7 crore rupees in
Season 8 of Kaun Banega Crorepati
Note: The tagline for the season 8 of the show is Yahan Sirf
Paise Nahi, Dil Bhi Jeete Jate Hain.
29. Keeping a tradition alive, President Xi Jinping meets family of Dr. Dwarkanath Kotnis
Note: i. Dr. Kotnis went to China in 1937 as part of an Indian medical mission after China was invaded by Japan. He served
on the battlefield and saved lives of many Chinese soldiers. After working for four years in China, he fell ill and died at a
young age of 32.
30. India and China agreed to establish a Joint Working Group to promote facilitation in the film sector.
31. World Wrestling Entertainment (WWE), along with Ten Sports channel, will invest over $100 million ( Rs 600 crore) in
the Indian sporting related entertainment market, according to sources.
32. Coca-Cola India has launched its zero sugar soft drink — Coca-Cola Zero — in line with its strategy to make India its fifth
largest market by 2020.
33. Urban Development Ministry and the Bill & Milinda Gates Foundation have agreed on a partnership to promote user
friendly toilets to ensure universal sanitation in the country
34. Scotland has rejected independence and decided to stay with United Kingdom. In a referendum that threatened to
break up 307 years union between them, 55 percent Scottish people polled NO vote and 45 percent yes vote to a simple ,
Should Scotland be an independent country?
35. World’s first water-based nuclear battery developed in Missouri
Note: The battery uses a radioactive isotope called strontium-90 that boosts electro-chemical energy in a water-based
ii. Betavoltaics, a battery technology that generates power from radiation, has been studied as an energy source since
the 1950s
36. Cognizant Technology Solutions Corp acquired healthcare IT services provider TriZetto Corp for 2.7 billion US dollars. The
acquisition is aimed at boosting the healthcare business of Cognizant.
37. Microsoft Corp acquired the Swedish video game company Mojang for 2.5 billion US dollars.
38. The government launched an electronic toll collection (ETC) programme in the country under the brand name “FASTag”.
Note: i. According to the Ministry of Road and Highways, ETC (an electronic toll collection) entails payment of highway
tolls electronically without needing to halt the vehicle at the toll plazas.
ii. The ministry has roped in ICICI bank and Axis bank for providing central clearing house (CCH) services and to distribute
RFID (radio-frequency identification) based “FASTag” through their franchises at points of sales near the toll plazas.
39. Massachusetts Institute of Technology has emerged as the leading varsity in the world
40. Chinese President Xi Jinping launched the construction of the 1.4 billion dollar Colombo Port City in Sri Lanka
41. Doordarshan celebrates 55 years of existence: Doordarshan made a modest beginning in India on 15th September
1959, when the first experimental centre at Delhi with a small transmitter was inaugurated by the then President
Rajendra Prasad.
42. India may become fifth largest exporter by 2030: HSBC report
Note: The report says, UAE is likely to remain top export destination for India till 2030, and China is forecast to emerge as
the second largest export market, displacing the US by 2030.



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