Daily GK Potion – 26th September 2014

  1. B2B ranks over G2G in PM’s U.S. visit.
    • When Prime Minister Narendra Modi sits down to breakfast with the CEOs of top US companies Monday, he will be speaking to them with the knowledge and authority of a business honcho who knows what he wants and can possibly market India as an investment destination better than anyone else.
  2. Coal blocks cancellation may increase CAD higher by $700 million
    • The Supreme Court’s decision to cancel coal block allocations may have impact on Current Account Deficit. It may increase CAD by $ 700 million.
  3. SBI signs $500m line of credit with Korea Eximbank
    • Country’s largest lender State Bank of India (SBI) on Sep 26,2014 has signed a line of credit (LoC) of $500 million with Export-Import Bank of Korea (Korea Eximbank).
    • This will be in addition to (LoC) of $200 million signed between the two institutions on January 16, 2014 to support Indian companies importing goods and services from Korea, SBI said in a release.
  4. ASIAD: day 7
    • Sandeep Sejwal fetches bronze in swimming. He gave India’s floundering swimming campaign a massive fillip by fetching a rare bronze medal in the 50m breaststroke event of the Asian Games on Sep 26,2014.
    • Men’s pistol team wins silver.
    • China’s Zhou Lulu created a new world record in the women’s over 75kg clean and jerk weightlifting competition. Zhou set a new world record lifting a weight of 192kg and won the gold medal in the event.
  5. Australia and Israel to be main partner countries for third edition of ‘India Water Week’ during January 13 to January 17 in 2015.
  6. ISRO getting ready for IRNSS 1C launch in October.
    • Amid the success of India’s Mars Orbiter Mission to the Red Planet, ISRO scientists are working towards the launch of the country’s next rocket PSLV-C26, which would carry IRNSS 1C satellite, the third in the IRNSS series from Sriharikota on October 9.
  7. 8% GDP growth possible in next 2-3 years
    • Former Finance Minister P Chidambaram today said India can achieve 8 per cent growth in the next 2-3 years by following the path of fiscal prudence.
  8. Hiring in India grew 18 per cent during August, 2014, led by sectors like telecom and IT/BPO. The Naukri Job Speak Index for the month of August 2014 was at 1,478 indicating an 18 per cent growth in hiring when compared to August 2013