Daily GK Potion – 24th September 2014

  1. Ikea signed MoU with Telangana government.
    • Ikea is one of the world’s largest retailers in furniture.
    • It was one of the first companies in India to be allowed 100 per cent foreign direct investment (FDI) in retail under the government’s liberalized policy.
  2. ICICI Bank launched saving banks account for minors
    • Any minor above 10 years can open savings account in ICICI bank. The account is named ‘Smart Star’.
    • The bank will offer them personalised cheque book and a debit card with a picture of his or her choice.
  3. ASIAD: Rower Dushyant Chauhan won the bronze medal  in the final of the lightweight men’s single sculls event of the rowing competition.
  4. Liar’s Dice will represent India for Oscars
    • Hindi Road drama Liar’s Dice will be India’s nomination for the Best Foreign Film at the 87th Academy Awards.
    • The movie, directed by Kerala State award-winner Geetu Mohandas, stars national award winners Geetanjali Thapa and Nawazuddin Siddiqui.
    • The movie has already won two national awards for best actress for Geethanjali Thapa (who played the protagonist, Kamala), and best cinematographer for Rajeev Ravi (Geetu’s husband).
  5. SBI approves 1:10 share split to broaden participation
    • The central board of SBI at its meeting has approved to reduce the face value of equity shares of the bank from Rs. 10 per share to Rs. 1 per share and to increase the number of issued shares in proportion thereof.
  6. Mars Orbiter Mission successful
    • India is the first country to succeed at Mars Mission in very first attempt.
    • With $ 74 million i.e. Rs 450 crore, it is the cheapest mission undertaken by any space organization.
    • India is the first Asian country to achieve the feat and ISRO is the fourth space agency to send a satellite to red planet.
  7. Supreme Court cancels allocation of 214 coal blocks
    • Supreme Court has cancelled all coal blocks except 4.
    • The four functional coal blocks exempted from cancellation are two ultra mega power projects, one operated by NTPC and another by SAIL.
    • As per the order, 36 operational coal blocks have been cancelled and they are ordered to stop production after March 1, 2015.  The court also directed for a penalty of Rs 295 per tonne imposed on all cancelled coal block holders.