Union Government releases Commemorative Postage Stamps on Swachh Bharat Mission

Current Affairs Today - Current Affairs 2015

Union Government releases Commemorative Postage Stamps on Swachh Bharat Mission

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January 31, 2015No comments

Union Government has released set of three Commemorative Postage Stamps on Swachh Bharat Mission (Clean India Mission).

This set of 3 stamps was released by Union Ministry for Communications & Information Technology and issued by Department of Posts.

These stamps were released to in order to achieve the vision of Clean and Healthy India.

Department of Posts has selected the design for the stamps through a competition among the children on the theme of Swachh Bharat Mission.

Swachh Bharat Mission

• It was launched by the Prime Minister on the 2nd October, 2014 on the occasion of Birth Anniversary of Father of the Nation- Mahatma Gandhi.
• This mission seeks to achieve Clean India and aims to provide access to toilets to all households in the country.
• It also seeks to provide adequate arrangements for Solid and Liquid Waste Management.

Serena Williams wins Australian Open 2015 Women’s Singles title

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January 31, 2015No comments

Serena Williams of United States has won Australian Open 2015 Women’s Singles title.

In the finals she defeated Russia’s Maria Sharapova by score of 6-3, 7-6, 7-5.

With this win Serena Williams has won 6th Australian Open title and 19th Grand Slam title.

Serena Williams

• Currently she is ranked No. 1 in women’s singles tennis.
• She also has won 4 Olympic gold medals, 1 in women’s singles and 3 in women’s doubles.

Her 19 singles title includes:

• 6 Australian Open Titles -2003, 2005, 2007, 2009, 2010, 2015.
• 2 French Open Titles- 2002, 2013.
• 5 Wimbledon Titles- 2002, 2003, 2009, 2010, 2012.
• 6 US Open Titles- 1999, 2002, 2008, 2012, 2013, 2014.

RBI constitutes high level panel on urban cooperative banks (UCB)

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January 31, 2015No comments

The Reserve Bank of India (RBI) has constituted a high-powered panel on urban cooperative banks (UCB).

It will be headed by RBI Deputy Governor R Gandhi and comprise of eight member who will be experienced bankers. They will submit its report within three months from the date of its first meeting.

This high-powered panel will re-examine and recommend appropriate set of businesses, size, conversion and licensing terms for the UCB sector.

The Terms of Reference of the high level panel are:

• Businesses: Examine the line of businesses that UCBs may be permitted to undertake and their benchmark in terms of size of business, capital requirement, regulatory regime etc.
• Size of UCB: Suggest the appropriate size up to which a UCB may be able to grow without undue risk to the system.
• Conversion Criteria & licensing terms : Suggest the criteria for allowing voluntary conversion by a UCB and examine whether the time is opportune to give license to new UCBs.
• Determine the modalities of implementing the suggestion of the Malegam Committee. Especially, whether the 50 per cent in value of deposits should be held by voting members. Thus, propose a feasible structure that puts majority voting in the hands of contributors of funds in UCB.