Daily GK Potion – 10th December 2014

Dear readers, here is daily current affairs update for 10th December, 2014.

  1. The Reserve Bank of India (RBI) would shortly come out with guidelines on refinance of existing projects as demanded by the industry.
  2. SBI launched two indexes
    • The bank has created two indices — the SBI Monthly Composite Index and the SBI Yearly Composite Index.
    • The index would also take into account other indicators of economic activities such as consumer spending, mining, interest rates, inflation and exchange rates on a monthly basis.
  3. Richard Rahul Verma to be U.S. ambassador to India

    • Mr. Verma (46) is the first Indian-American to be the U.S. ambassador to India.
    • Mr. Verma served as assistant secretary of state for legislative affairs at the State Department in the Obama administration from 2009 to 2011.
  4. Human Rights Day observed on December 10th.
  5. Advanced Pinaka Mark-II rocket successfully test-fired
    • The advanced version Mark-II rocket, with a range of more than 60-km and capable of acting as a force-multiplier, was developed to supplement artillery guns.
  6. Zimbabwe’s President Robert Mugabe sacks Vice President Mujuru
    • Zimbabwe’s President Robert Mugabe has fired his deputy Joice Mujuru along with eight ministers aligned with her.
  7. India’s GDP likely to grow 5-6% in 2015: Moody’s
    • Indian economy is expected to pick up pace in 2015 and grow in the range of 5-6%, helped by strong domestic demand, rating agency Moody’s said.
    • “India will have stronger gross domestic product (GDP) growth in 2015, which we forecast at 5-6%, up from around 5% in 2014,” Moody’s said in a report titled—2015 Outlook-Global Credit Conditions.
  8. Railway Minister Launches Wi-Fi Broadband Services at New Delhi Railway Station
    • The Minister of Railways, Shri Suresh Prabhakar Prabhu inaugurated the Wi-Fi Broadband Services at New Delhi Railway Station.
    • The Wi-Fi project on Indian Railways is being executed by RailTel, a Public Sector Undertaking of the Ministry of Railways.
    • The facility at New Delhi station which is free for first 30 minutes for railway users.
    • The RailWire powered Wi-Fi will give maximum speed of 1 mbps.
    • For usage beyond 30 minutes, the user may purchase scratch cards, which will be made available at the 24X7 Wi-Fi Help Desks in the concourse on Paharganj and Ajmeri gate side of station adjoining platform no. 1 and 16 respectively.
    • These cards are priced at Rs.25 for 30 minutes and Rs.35 for 1 Hour and are valid through 24 hours.