MCQs

1. India bagged 97^th position in Doing Business which is led by Denmark.

2. India signed MoU with which nation for Port Matters? --- Spain

3. Which company took over Indulekha? Hindustan Unilever Limited for 330 crores.

4. Which defence system got clearance from DAC?   S400 Triumf missile system

5. Number of new districts formed by WB government? 5 namely Kalimpong, Sunderbans, Barirhat, Jhargram and Burdwan.

MCQs

Which are the member countries of G4?

Japan, Germany, India and Brazil

Name the parent airline firm of IndiGo?

Interglobe Aviation

Name the highest potato producing State of the Country?

Uttar Pradesh

Who is the CEO of General Motors?

Mary Barra

Who is the Chairman of Press Trust of India?

Hormusji N Cama

Who is the new CEO of Volkswagen AG?

Matthias Mueller

Which film has made its official entry to the Oscars?

Marathi film "Court"

GK Update 14 June 2015

 1. Union government has launched India Nuclear Insurance Pool(INIP)of 1500 crore rupees. India is the 27th country to do so in the world. This is set up by General Insurance Corporation and 11 other insurance providers.

GK Update 12 June 2015

1. Union Government has removed the customs import duties for drugs and test kits related to HIV/AIDS. This will be in effect till March 2016.
2. Google has launched a new lite search engine targeting the slower networks in India and Brazil. It expected to consume 80% less data and 50% faster connection of webpages.
3. The second border haat/ rural market was opened in Sipahijala district of Tripura. It is in zero line of the border and will have half share of India.

4. Bombay High Court today declined request to lift the ban on Maggi Noodles following a request from Nestle India.
5. RBI has allowed NRIs to invest money in the chit funds to increase the capital inflow to the country.
6. Nek Chand Saini, the founder of Rock Garden in Chandigarh passes away.

7. Reserve Bank of India has allowed postpaid mobile service, piped gas and water supply bills to be submitted as proof of address for opening account with banks or other financial institutions.

GK Update 11 June 2015

1. Union Cabinet today approved the Bangladesh, Bhutan, India, Nepal Motor Vehicle Agreement similar to SAARC Motor Vehicle Agreement which will regulate vehicular traffic of passenger, personal and cargo in the BBIN nations.
2. Dr. Srivari Chandrasekhar has been appointed as the Director of CSIR-Indian Institute of Chemical Technology. He was appointed by Prime Minister of India.

GK Update 10 June 2015

1. Union government has approved Rs6000 crore for soft loan for sugar mills to pay arrears to the farmers. In the country sugar mills owe 21000 crores to the farmers as they were not able to sell during the falling prices of the raw sugar.

2. Confederation of All India Traders has decided to launch its own e-commerce portal after months of fight with online retailers.
3. Finance Minister has cleared it that AC restaurants will charge a service tax of 40% on total bill amount while non AC hotels won't charge anything.
4. Government will release 26000 crores at one go for the states which are struggling for the water scarcity.
5. Government has launched a website for the International Day of Yoga which is to be heldon 21 of this month. The website mea.gov.in/idy.htm gives all the details about the programmes to be conducted internationally on the day. 
6. Maharastra government has decided to create a non banking financial services to utilize about 40000 crore rupees lying un-utilized in state run corporations.

GK Update 9 June 2015

1. Jind and Karnal districts of Haryana and Muzzafarnagar of UP have been included in the National Capital Region(NCR). This was announced by Urban Development Minister M Venkaiah Naidu.

GK Update 8 June 2015

1. Union Home Ministry has appointed Senior IPS officer RC Tayal as the DG of National Security Guard. He is a 1980 batch officer from Assam Meghalaya region presently serving Special DG in paramilitary CRPF.

2. Former Chairman of CBDT KV Chowdary has been appointed as new Central Vigilance Commissioner. Vijai Sharma has been appointed as new Chief Information Commissioner.

3. MeetUrPro.com, a Chennai based online marketplace for professional, tax and legal services -- has launched Startup Clinic, a package service concept for startups. 
4. India and Netherlands have signed a MoU for development of Measles-Rubella vaccine.
5. John Cryan has been appointed as the CEO Deutsche Bank after Anshu Jain and Juergen Fitschen resigned following criticism from investors.
6. French Open titles:

• Men's Single: Stanislas Wawrinka of Switzerland defeated Novak Djokovic.
• Women's Single: Serena Williams of US defeated Lucie Safarova of Czech Republic.
• Men's Doubles: Ivan Dodig of Croatia and Marcelo Melo of Brazil defeated Bob and Mike Bryan of US.
• Women's Doubles: Bethanie Mattek Sands of US and Lucie Safarova of Czech defeated Casey Dellacqua of Australia and Yaroslava Shvedova of Kazakhstan.
• Mixed Doubles: Bethanie Mattek Sands and Mike Bryan of US defeated Lucie Hradecka of Czech Republic and Marcin Matkowski of Poland.

GK Update 7 June 2015

1. Leaders from across the G7 countries have come to Bavarian Alps in Germany to attend the annual G7 summit. G7 countries are the most advanced economies comprising of the US, UK, Germany, Japan, France, Italy and Canada. Russia has been excluded from G8 since the annexation of Crimea war.

2. India has slapped anti dumping duty on certain steel products from Malaysia, China and South Korea. It was imposed by Finance Ministry on direction of DG Anti Dumping Duty. It is imposed for five years.

GK Update 6 June 2015

1. Union government has started Jal Kranti Abhiyan to make one village of each district as water surplus village by conservation and management techniques. The village which would be the most water scarce village as Jal Gram.
2. Kotak Mahindra Bank and ING Vysya Bank have signed a memorandum for cross border business and trade flows across various regions.

3. India and Bangladesh exchanged the instrument of ratification of Land Agreement today. 
4. Adani group and Reliance group will together produce upto 4600watts of power to ease crisis in Bangladesh.
5. India's first green police station inaugurated at Maurice Nagar, New Delhi. It is joint effort of students of DU and police officials.
6. Eminent biologist Ameenah Gureeb Fakim has been sworn in as Mauritius first woman president.
7. AP CM Chandrababu Naidu today performed pooja and laid stone for the new capital city of Amaravathi.
8. Rahul Dravid has been named as the coach for the Under-19 Cricket team of India.
9. P.Kashyap bowed out of the Indonesian Super Series Badminton Championship.
10. French Open Final: In mens single category, Novak Djokovic and Stanislas Wawrinka will fight for the title. In women's category, Serena Williams and Lucie Safarova will face for title clash.
11. Mobile company OnePlus has appointed Ex-Flipkart executive Karan Sarin as its marketing head.

GK Update 5 June 2015

1. Union government has signed a loan agreement with World Bank to provide $400 million loan to TamilNadu for sustainable development.
2. Today is World Environment Day which is aimed to create awareness to protect Earth. The theme for this year is Seven Billion Dreams. One Planet. Consume with Care. The host country for 2015 is Italy.

GK Update 4 June 2015

1. India-US have signed a new Defence Framework Agreement. It was signed between Indian Defence Minister Manohar Parikkar and US Defence Secretary Aston Carter. It aims for exchange of armed forces and strengthening defence abilities.
2. India has joined Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information. By this India will be able to receive information from every country which will help avoiding international tax evasion.

Current Affairs MCQ

1.Who would be receiving Friends of Bangladesh Liberation War award?

Atal Bihari Vajpayee

2.India has decided increased the e-tourist visa facilities to ____countries by end of this year.

150

3.Which has got clearance to do business in Bangladesh?

LIC

4.Which country created a record by planting 49,672 trees in one hour?

Bhutan

5.Jaipur Metro is the ____th city to get Metro?

6^th

6.Which state received $50 million from World Bank for Jhelum and Tawi Food Recovery Project?
Jammu and Kashmir

7.Which country passed the women hate crime law?
Colombia

8.RBI has allowed ____ to invest in infra bonds of other lenders?
Banks

9.What is the approximate growth in GDP according to SBI this year?
7.9%

10.Ameenah Gurib Fakeem is the first woman president of which country?
Mauritius

11.India with which country agreed on coastal shipping agreement?
Bangladesh

12.Which committee on tax reforms recommended the introduction of service tax?
CK Rajan Committee

13.As per BSE, which is the most profitable firm in India?
RIL

14.Which country has first launched the facial recognition ATM machine?
China

15.Which state has decided to develop 16 sectors under Swiss Challenge method to develop Infrastructures?
Andhra Pradesh

16.Which countries exist in US terror blacklist?
Iran, Sudan and Syria

17.In which city has the new Bank Note Paper policy has come up?

Hosangabad

18.Who has written the book: Ahmedabad: A city in the World?
Amrita Shah

19.Which Indian teacher won the Oxford University Award?
Gurnimrat Nimmy Sindhu

20.Who is the newly crowned king of Mysuru?
Yaduveer Krishnadatta

21.Who has been appointed as the Director of Vikram Sarabhai Space Centre?
K Sivan

22.Who has been appointed as the Vice Chief of Air Staff?
Birender Singh Dhanoa

23.Which institutes successfully did the genome sequencing of Holy Basil?
CSIR CIMAP

24.NavNirman Deeksha Programme is launched by which state?
Andhra Pradesh

25.How many Gold did India win at the international Wrestling tournament 2015 in Italy?
8

26. Who have been appointed recently as advisors to NITI Aayog?
Alok Kumar and Jitendra Kumar

27.Who has been appointed as the new VC of Nalanda University?
George Yeo, Foreign Minister of Singapore

28.Which city will host Carpet Expo 2015?
Varanasi

29.   Who has been appointed as the CFO of Indian Bank?

VA Prasanth

30.How many people are undernourished in India according to latest UN report?
194 million

GK Update 3 June 2015

1. Union government has launched Khoya Paya web portal where people can report, track and upload information on missing children. It was launched by Union Minister of Child and Women Development Maneka Gandhi and IT Minister Ravi Shankar Prasad.

2. Union Government has launched the world's largest digital mass education programme IAP HealthPhone Program.in association with Ministry of Child and Women Development, UNICEF and Vodafone India. It aims to educate people on health and malnutrition.

GK Update 2 June 2015

1. Ameenah-Gurib Fakim is designated as first woman President of Mauritius. She is the first woman president and sixth president overall.

2. RBI cut down repo rate by 25 basis points to 7.25 percent from 7.5 percent. The CRR remains unchanged at 4%.

3. Meena Hemchandra is appointed as RBI Executive director. She is in charge of banking supervision, non banking supervision and cooperative supervision.
4. China has developed first ATM with facial recognition technology. It was developed by Tshingua University.
5. Former Prime Minister of India Shri Atal Bihari Vajpayee will be conferred with 'Friends of Bangladesh Liberation War Award'.

6. Ericsson has partnered with Sterlite to provide smart city solutions.
7. Ravi Shastri continues to be team director of Indian Team for the tour of Bangladesh.

GK Update 1 June 2015

1. President Pranab Mukherjee has given his assent for the re-promulgation of Land Ordinance for the third time as per Article 123. Earlier the Union cabinet had given the re-promulgation for the ordinance.
2. Food and Consumer Affairs Minister Ram Vilas Paswan has launched a BIS app for helping consumer register complain for low quality hall marked jewellery or ISI marked products.

GK Update 31 May 2015

1. Maharastra government has Swachhata Saptapadi Scheme on the lines of Swacch Bharat Abhiyan. Aamir Khan is the brand ambassador of this scheme. This scheme hopes for cleanliness and 100% toilet in every ward.
2. Veena Jain is appointed director general of news of Doordarshan. Along with that she will be hod the position of Officer of Special Duty. She has succeeded Akshaya Rout.
3. Gurnimarat Nimmy Sidhu has been awarded with Oxford University Inspirational Teacher Award. 
4. President Pranab Mukherjee has left for a five day visit to Sweden and Belarus.
5. Singapore has launched a mobile to help people to understand Tamil language. Tha 'Arumbu' app was launched in the Tamil Internet Conference.
6. Service Tax will go up to 14% from tomorrow. Sectors like railways, airlines, banking, insurance, mobile, advertising, architecture, construction, credit cards, event management and tour operators are set to become costlier.
7. Indian archer Deepika Kumari has bagged bronze medal in women individual recurve event in World Cup.
8. Gurpreet Singh has reserved his place for the Rio Olympics by securing fourth place in ISSF shooting Championship. This is India's fourth entry for the prestigious event.

GK Update 30 May 2015

1. Finance Minister Arun Jaitley New Bank Note Paper Line unit in Hosangabad,  Madhya Pradesh. The unit is of capacity 6000 metric tonnes.
2. SBI launched online application form for applying for loans. The customers will get e-approval and bank officials will contact them after that.
3. Maharashtra Chief Minister Devendra Fadnavis launched ‘Mi Maratha’ a dedicated web portal for youth in Mumbai. He said this web portal will act as an important guiding platform for youngsters.

GK Update 29 May 2015

1. PM Narendra Modi and Bangladesh PM Sheikh Hasina to inaugurate a market at Kamlasagar, Tripura. The market which is built at a cost 2.5 crores will be a great place for Indian and Bangladesh traders for their goods.
2. Yaduveer Raj Urs has been crowned as the King of Mysuru of the 600 year old Wadiyar Dynasty. He is an economic graduate from University of Massachusetts, US.
3. Pradeep Kumar Sinha succeeded Ajit Seth as the new cabinet secretary. He is a 1977 batch IAS officer from Uttar Pradesh who was the power secretary previously.

4. India tops in the World Hunger list with 194.6 million people hungry in the country. It has surpassed China with this. The other countries in the list are China(133.8), Pakistan(41.4), Ethiopia(31.6), Bangladesh(26.3). 

5. OPCW(Organisation for Prohibition of Chemical Weapons), a Nobel Prize winning organization has destroyed over 90% of chemical weapon stockpile mostly from US and Russian era of cold wars.

6. Dr. Selvin Christpher has been appointed as the DG and Secretary of DRDO. He is presently Programme Director of Airborne Early Warning and Control. GS Reddy was also appointed as the Scientific Advisor to the Defence Minister for a period of 2 years.
7. TaxiForSure has tied up with Paytm for users to pay money through Paytm wallet for their cab services.
8. Top seed Sania Mirza has crashed out doubles event in Australian Open Tennis Tournament.

GK Update 28 May 2015

1. Union Government has appointed a 10 member committee for the Public Private Partnership mode for infrastructure development. It is chaired by Vijay Kelkar and will submit its report within 3 months.

2. Himachal Pradesh government has set up the tracking system for controlling the forest fire in the state. More than 90 water tanks and 100 watch towers have been constructed to easily detect the fire.
3. The Reserve Bank of India has declared that the FPIs and FIIS can invest up to 49% in Gammon Infrastructure Projects Ltd. 
4. Confederation of Indian Industry has the Indian economy to grow at 9-10% during the mid terms. They have also welcomed the Goods and Services Bill which will boost the GDP rate of the country.

5. The sex ratio in Haryana has increased after the launch of Beti Bachao Beto Padhao Scheme. The sex ratio in Panipat has increased to 900 from 853. The village panchayats , social organisation and Jat community is responding well to PM's message and doing a brilliant role in this area.
6. Tripura government has decided to the Armed Forces Special Powers Act, 1958 from the remaining parts of the state.
7. Paytm is set to allow 100000 sellers from Aliexpress, the shopping portal of Alibaba from August. The company who has got the Alibaba funding is set to add $1.5 billion from this business.

8. Vedanta India is set to acquire 5.33% of Cairn India resulting in the total stake at 24.06%. This is said to be worth 2200 crores.
9. Trevor Bayliss is appointed the coach of England Cricket Team. He is the first Australian appointed for the post.
10. CS Santosh is awarded as the Motorsport Man of the Year award presented by Federation of Motor Sports Clubs of India (FMSCI.

GK Update 27 May 2015

1. India and Vietnam have signed a joint vision statement on Defence Cooperation for a period of 2015-2020. It was signed by India Defence Minister Manohar Parrikar and Vietnam counterpart Phung Quang Thanh.
2. Gujarat has started Sloth Habitat Project in Jessore Wildlife Sanctuary to protect the ecology of Sloth Bears.

3. Four Indians are placed in the Forbes 100 Powerful Women. They are Arundhati Bhattacharya(Chairperson of SBI), Chanda Kochar(MD and CEO of ICICI Bank), Kiran Mazumdar Shaw(Chairperson and MD of Biocon Limited) and Shobhana Bhartia(Chaiperson of Hindustan Times). Angela Merkel, Hillary Clinton and Melinda Gates are in the top three positions.

4. National Association of Software and Services Companies(NASSCOM) and Data Security Council of India have jointly launched NASSCOM Cyber Security Task Force. It will provide cyber security solutions and develop R&D for the same.

5.Manabi Bandopadhyay became the first transgender principal of the country. Manabi will be the principal of Krishnagar Women's College.
6. Swiss Police arrested a number of FIFA executives over corruption charges
7. Former Srilankan Cricketer Kumar Sangakarra has been awarded the International Cricketer of the year while Ajinkya Rahane has been awarded Indian Cricketer of the Year. The other winners are:

• International Lifetime Achievement Award - Kapil Dev
• International Cricketer of the Year – Kumar Sangakkara
• Indian Cricketer of the Year –Ajinkya Rahane
• International Batsman of the Year – Hashim Amla
• International Bowler of the Year – Rangana Herath
• T20 Player of the Year – Dwayne Bravo
• Popular Choice Award – Kieron Pollard
• Special Performance of the Year Award – Rohit Sharma
• Domestic Cricketer of the Year – R Vinay Kumar
• Young Player of the Year – Deepak Hooda 
  

National Association of Software and Services Companies (NASSCOM)

Read more at: http://currentaffairs.gktoday.in/month/current-affairs-2015-may/

GK Update 26 May 2015

1. PM Narendra Modi today launched the DD Kisan Channel which will primarily focus on agricultural sector and rural India. This was launched in Vigyan Bhawan, New Delhi.

2. Snapdeal, which is on a acquisition spree has acquired mobile technology firm MartMobi which is expected to help the e-seller a boost in the mobile platform. The deal has been done for an undisclosed amount.
3. Names of Yash Birla, Gurjit Singh Kochar, Ritika sharma and two others have been made public in the Switzerland official gazette for tax probes against them in India. Earlier Sneha Lata Sawhney and Sangita Sawhney were made public in similar connections.
4. Russia today begun a massive military exercise which includes 1200 soldiers and 250 aircrafts.
5. NDMC has won the PLATTS Global Metals award  2015 in the category of 'Industry Leadership Award- Raw Materials and Mining'. This was received by the MD of NDMC Narendra Kothari at a function in London.
6. RBI has entered into a MoU with the Central Bank of Seychelles for exchange in information and mutual assistance in banking sector.
7. Cosmos Co-operative Bank has entered into a tie up with New India Assurance for Pradhan Mantri Suraksha Bima Yojana and LIC for Pradhan Mantri Jeevan Jyoti Yojana.
8. ICICI Bank has launched a voice password facility by which customers can authenticate their transactions and allow it through bank call centers.

9. Micro Units Development Refinance Agency (MUDRA) Bank has now partnered with 19 state and regional level co-ordinators to make the survival of small business entrepreneur possible. It is an effort to
10.Lt.Gen. Nirbhay Sharma has been sworn in as the Governor of Mizoram.  He was the former governor of Arunanchal Pradesh.

11. Manoj Mishra is appointed as CMD of National Fertilizers Limited.
12. Mandeep Kaur has won 2 gold medal in the World Junior Boxing Championship in Taipei.

How to solve syllogism by Analytical method

In the section of reasoning there is major influence towards syllogism part in many examinations. This part can be solved using two methods: Venn diagram and Analytical Method.

One needs to follow these simple steps to solve a problem by using analytical method.

Step 1: Alignment of the sentences. As we know there must be one term in common so we should align in such a way that we can at least draw a conclusion from them.

For example: i. All A are B.                        ii. Some A are C.
These sentences can be aligned in two ways.
a. All A are B means Some B are A. Hence our aligned pair is Some B are A and Some A are C.
b. Some A are C means Some C are A. Hence the aligned pair is Some C are A and All A are B.

GK Update 25 May 2015

1. Renowned Mathematician and Nobel Laureate John Nash,86, passed away in an accident along with his wife. He was known for his works in game theory, partial differential equation. His biography has been made into a film, 'A Beautiful Mind' which won the Academy award for the best picture.

2. China has set up a gold sector fund involving 65 countries as a part of ancient Silk Road. The fund expected to raise $16 billion is to be have lead share holders as Shangdon Gold Group and Shaanxi Gold Group with 35% and 25% respectively.
3. Job seekers in Public sector banks may go under two psychometric test to ascertain their suitability for heading the lender under bad loans.
4. Facebook's initiative Internet.org has managed to garner 8 lakh customers in 4 months of its launch. 
5. French film 'Dheepan' has awarded the Palme'd Or award at the Cannes festival. It was directed by Jacques Audiard. It is a story of Tamil refugees who pretend to be a family to flee from Sri Lanka to France.

6. Mumbai Indians have won the 8th editon of IPL by beating Chennai Super Kings.
The following highlights of IPL 8:

• Player of Tournament: Andre Russell
• Orange Cap: David Warner
• Purple Cap: Dwayne Bravo
• Emerging Player: Shreyas Iyer
• Valuable Player: Andre Russell

7. Mercedes racing driver Nico Roseberg of Germany won the Monaco Grand Prix. It is his third win in Monaco and second win in 2015 season.

lme d’Or Award at 68th Cannes Film Festiva

Read more at: http://currentaffairs.gktoday.in/month/current-affairs-2015-may/

GK Update 24 May 2015

1. RBI soon to start Central Fraud Registry to tackle bad loans. As there is not a single database where banks can look into a person for the past loans, so RBI has decided to set up a system for quick reference.
2. 13 crore people have applied for linking their Aadhar Number to their Voter ID National Electoral Roll Purification and Authentication Programme.
3. To celebrate the one year of Modi led NDA government, PM Narendra Modi is set to  launch 'Jan Kalyan Parv' in Mathura.
4. Heat waves continue in several parts of the country. Till date 292 deaths have been reported in Andhra Pradesh and Telengana. The temperature is believed to remain for some more days.
5. 8 loss making hotel run by India Tourism Development Corporation may soon be privatized.
6. Indian boxers today showed a great result to win 4 gold,1 silver and 1 bronze in the Doha Boxing Tournament. L Devendro Singh, Shiva Thapa, Manish Kaushik, and Manoj Kumar won the gold medals while Gaurav Bidhuri won the silver and Mandeep Jangra and Vikas Krishan bagged bronze medals.

GK Update 23 May 2015

1. AIADMK cheif Jayalalitha has been sworn in as the Chief Minister of Tamil Nadu for the fifth consecutive time. She has come to power after nearly eight months after she was forced to quit for the corruption charges.

2. The selection committees today met to decide on the appointments for the Chiefs of Central Information Commission and Central Vigilance Commission. The committees however could not come to a decision.

GK Update 22 May 2015

1. Congress leader and industrialist Naveen Jindal, former Union Minister Dasari Narayan Rao and ex-Jharkhand chief minister Madhu Koda have been granted bail by a special court of Delhi in association with the Coal block allocation case.

2. SBI has signed MoU with e retailer Snapdeal for providing cheaper loans to small and mid sized business.Under the Snapdeal Capital Assist programme, sellers or manufacturers will be able to access liquidity at attractive rates from SBI, with women entrepreneurs getting a further concession of 0.25%.
3. The President's Estate has become WiFi enabled as President Dr. Pranab Mukherjee has inaugurated 24 Hot Spots with 30 access points.4. Finance Ministry sanctioned Rs 5223 crores for IOCL and BPCL to cover all the revenue loss from January to March for selling kerosene and domestic cooking gas in government rates. IOCL will get Rs 2932.62 crore while BPCL will get Rs 2291 crores.

5. US Ambassador to India Richard Rahul Verma said that bilateral tarde may go up to $500 billion from current $100 billion dollars. 6. China may take 25-30 percent stake in Asian Infrastructure Investment Bank and India could be the second largest shareholder.7. Today is International Day for Biological Diversity. 

8. Six boxers have moved in to the semi finals and L Devendro Singh moved to the finals of Doha World Boxing Tournament ensuring 7 medals for India.

GK Update 21 May 2015

1. National Commission for Women is all set to be restructured to get more powers to deal with women issues more effectively. This was revealed by Women and Child Development Minister Maneka Gandhi. She also said that hew ministry is doing all possible measure for betterment of women and children.

2. In an attempt to use highways for emergency landing, a Mirage 2000 fighter aircraft today successfully landed on the Yamuna Expressway. IAF has plans to use highways for such purpose in the future.

GK Update 20 May 2015

1. PM Narendra Modi has hold a meeting with Union Ministers to review the performance of the government during one year after coming to power.
2. Government has made a draft scheme in which a person may get interest by depositing gold in banks. the minimum amount is proposed at 30 grams and the interest earned on it would be exempt from income tax as well as capital gains tax.It also states that people with surplus gold can open Gold Savings Account for a minimum of one year and get interest.
3. Hungarian writer Laszlo Krasznahorkai has won the prestigious Man Booker International Prize for 2015 in a ceremony at the Victoria and Albert Museum in London. He was given the award for his intensity and vocal range of works. He mostly writes in Hungarian and is author of Satantango (1985).

4. Veteran TV actress, Sudha Shivpuri, 77 died in Mumbai due to multiple organ failure. She was best now for her role of 'Baa' in the show Kyunki Saas Bhi Kabhi Bahu Thi.
5. Under Sansad Adarsh Gram Yojana, an agri trianing programme is to be conducted in all 593 villages. It will be implemented by the National Centre of Organic Farming and Central Fertiliser Quality Control and Training Institute.

6. 25 state owned companies could sell their shares is put by the government resulting in the raising more than a third of India's record divestment. Comapnies like ONGC and Coal India are also put up in the list.

raising more than a third of India's record divestment target for the fiscal year.

Read more at:
http://economictimes.indiatimes.com/articleshow/47349392.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

raising more than a third of India's record divestment target for the fiscal year.

Read more at:
http://economictimes.indiatimes.com/articleshow/47349392.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

7. Two times Formula one Champion Lewis Hamilton has signed fresh three year contract with Mercedes until 2018.

8. Indian Cricket team for the Bangladesh tour has been announced. Virat Kohli is the captain of the team and Harbhajan Singh has made a comeback after two years of break while Ravindra Jadeja is out of the team.

GK Update 19 May 2015

1. PM Narendra Modi is returning to India after his 3 nation visit to China, Mongolia and South Korea. India signed many pacts with all the three nations during his visit.
2. The Parliaments Accounts Committee has ordered a probe by an appropriate agency for the bidding process of Ultra Mega Power projects.
3. HP has decided to sell 51% of its Data process business to Tsinghua Unigroup for an estimated value of $2million. 
4. Google has planned to help three NGOs for supporting child safety. The three organisations are ChildLine India Foundation, Bachpan Bachao Andolan, and the Chennai-based Tulir - Centre for the Healing and Prevention of Child Sexual Abuse.

5. IDBI Bank has planned to expand its number of branches to 2000. At present the number of branches is at 1700.

6. Global energy subsidies is planned to cross $5.4 trillion this year. This will indirectly put adverse effects on efficiency, growth and inequality. 

7. A Sukhoi Su-30 aircraft today crashed at Juria in Nagaon district. Both Pilot and Co-pilot were safe but two persons sustained injuries standing in the site.

8. INS Karavatti launched its anti submarine warfare class stealth corvette to strengthen its defence warfare.

9. Zimbawean National team has reached to play 2 T20 and 3 ODI, becoming the first nation to come to Pakistan after six years. They were taken amidst tight security.

GK Update 18 May 2015

1. PM Narendra Modi who is on a foreign trip reached South Korea today. India today signed seven bilateral agreements with South Korea. Seven MoUs were signed between the two nations including those on avoidance of double taxation, energy, road design and management, audio visual co-production and maritime transport and logistics. 

2. The National Green Tribunal today increased the deadline for the withdrawal of diesel vehicle which are more than 10 years old. NGT had earlier banned the petrol vehicle in the capital city from November 26 last year.
3. Government will soon impose a separate set of law in order to restrict sewage disposal to river Ganga and penalize the people who are found guilty.
4. HDFC Bank has partnered with Apollo Hospitals to launch 'HDFC Bank Apollo Medical Benefits Card'
which allows corporates to easily disburse medical allowance to their employees, saving time and cost.

5. Aruna Shanbaug, a former nurse in KEM hospital who was raped by a ward boy 42 years ago died today. The 66-year-old was battling  pneumonia and was on ventilator support, King Edward Memorial (KEM) hospital sources said. 
6. Novak Djokovic captured his fourth Rome Masters Tennis title with a convincing 6-4, 6-3 win over Roger Federer. Russian Maria Sharapova ground down Carla Suarez Navarro of Spain 4-6, 7-5, 6-1 to win the women's title.
7. Australian player Brad Haddin announced retirement from ODI cricket before leaving for tour of England and West Indies.