Daily GK Potion – 21st June

  1. PMO clarified language policy remained unchanged
    As political leaders from non-hindi speaking states like Tamil Nadu raised the pitch against directive on using Hindi as compulsory language, the PMO clarified that directive is not applicable to non-Hindi states.
  2. Railway fares hiked by 14.2%
    • Indian railways have announced the hefty hikes in passenger fares by 14.2%.
    • The freight charges are increased by 6.5%.
      The hike will be effective from 25th June.
  3. The ‘Khada Parsi’ (standing Parsi) was unveiled in Mumbai in the presence of Udhav Thakrey.
  4. Salman Rushdie was conferred with prestigious Pen Pinter Prize for his outstanding contribution for the literary output and support for freedom of expression.
    Pen Pinter prize was launched in 2009 by writer’s charity English Pen in honor of late Harold Pinter.
  5. Mayaram Panel report on rationalizing definition of FDI and FII has suggested that foreign investment of over 10% in listed company should be treated as FDI (Foreign Direct Investment).
    • The investment from NRI on a non-repatriable basis can be treated as domestic investment.
    • Foreign investment in unlisted company should be treated as FDI.
    • The investor may be allowed to invest below 10% threshold and can be treated as FDI, subjected to condition that FDI is raised to 10% or beyond within one year from date of purchase of stake.
    • If stake is not raised to 10% or beyond then it can be treated as foreign portfolio investment.
  6. Twitter has announced to buy video edition and real time sharing service SnappyTY.
  7. Hindi poet Kedarnath chosen for Jnanpith award 2013
    • Jnanpith award is a literary award in India. The award carries INR 11 lakh and citation.
    • Kedarnath is the 10th Hindi writer to receive the honour.
    • Other noted poets who were conferred with the honour are Sumitra Nadan Pant, Ramdhari Singh Dinkar among others.