Daily GK Potion – 5th September 2014
- Prime Minister Narendra Modi addressed teachers and students across the nation on Teacher’s day.
- Vijayawada will be the new capital of bifurcated Andhra Pradesh
- Vijayawada, Guntur, Tenali, Mangalagiri ie VGTM region will comprise the capital region.
- Chief Minister Chandrababu Naidu said: “The Cabinet has decided on September 1, 2014, to locate the capital city in a central place of the State around Vijayawada and to go for decentralised development with three mega cities and 14 smart cities.”
- India, Australia too ink nuclear agreement
- On Friday Australian Prime Minister Tony Abott said “Prime Minister Modi and I will today sign a nuclear cooperation agreement that will finally allow Australian uranium to India”
- India is not a signatory of Non-Proliferation Treaty which delayed the agreement.
- Union government approves 7% DA hike
- The government approved a 7 per cent hike in Dearness allowance raising it to 107% of basic pay with effect from July 1, 2014.
- This move will benefit around 30 lakh central employees and 50 lakh pensioners.
- India and Nepal signed agreement on cross-border power transmission.
- SBI launches saving accounts for children
- Country’s largest PSU bank State Bank of India launched ‘Pehli Udaan’; a singly operated savings bank account for a minor aged 10 years and above and who can sign uniformly, while ‘Pehla Kadam; is a savings bank account for minor of any age operated jointly with his/her parent or guardian.
- All the account holders will be given an exclusively designed personalized photo ATM-cum-Debit card.
- The account holders can avail facility of mobile banking with limited transaction facilities like bill payment, top—ups with per day transaction limit of Rs 2,000.
- Auto sweep with a minimum threshold of Rs 20,000 and in multiple of Rs 1,000 with a minimum of Rs 10,000.
- India slips to 71st rank losing 11 places in WEF competitiveness list.