Current Affairs : August 4, 2011

Single-window Clearance System approved by SEBI for prior approvals

Securities and Exchange Board of India (SEBI) approved a single-window clearance system for market entities like stock brokers, for grant of prior approval for change in control of their management structures

Objective: To speed up the process of allowing prior approval (in case of change of control) and a move aimed at doing away with unnecessary rules and red-tapism

New Lokayukta of Karnataka: Former Supreme Court Judge Shivraj V Patil

  • Justice Shivraj V Patil (Former Supreme Court Judge) sworn in as the new Lokayukta of Karnataka
  • He succeeded Justice N Santosh Hegde who vacated office after completing 5-year tenure


‘Industrial Outlook Survey for the July-September 2011’ launched by RBI

  • RBI launched its Industrial Outlook Survey for the July-September 2011 period
  • Centre for Research Planning and Action (CERPA) was imparted the responsibility for conducting the research on behalf of RBI
  • The Industrial Outlook Survey provides for an insight into the perception of non-financial public and private limited companies that are engaged in manufacturing activities about their performance and future prospects
  • The survey aimed to provide useful forward looking inputs for policymakers, analysts and businesses
  • Since 1998, RBI has been conducting the Industrial Outlook Survey on a quarterly basis


CCEA approves equity infusion of `
1,200 Crore rupees into Air India

  • Cabinet Committee on Economic Affairs (CCEA) approved an equity infusion of ` 1,200 Crore into Air India


  • Ease the cash flow situation of the Company
  • Prevent borrowings from market at high cost

Lokpal Bill introduced in the Lok Sabha

  • The Lokpal Bill was introduced in the Lok Sabha on August 4, 2011
  • Proposed legislation to pave the way for creating a mechanism for citizens to approach newly created anti- corruption watchdog with complaints against officials, bureaucrats and Union Ministers
  • Bill introduced by the Minister of State for Personnel, Mr. Narayan Swamy
  • Leader of the Opposition Sushma Swaraj raised the issue of non-inclusion of Prime Minister under the Lokpal
  • The Lokpal to have a Chairman with 8 members to assist him
  • The post of Prime Minister and Senior Judiciary kept out of the ambit of the Bill
  • Bill to now go to the Parliamentary Standing Committee for comprehensive discussions

Panama flagged vessel MV RAK CARRIER sinks off Mumbai coast

  • A Panama flagged vessel MV RAK CARRIER sunk 20 nautical miles off the Mumbai coast
  • Following the distress signal, Navy and Coast Guard promptly swung into action and saved the lives of all the 30 crew members
  • Samudra Prahari , Indian Coast Guard’s oil pollution response vessel has been asked to remain in the area and monitor any likely oil spill

In order to identify water resources in Country, `
140 Crore invested by Dept. of Science & Technology

  • Rs. 140 Crore rupees invested by the Department of Science & Technology on a project to identify Water resources in the country from which unusable water will be extracted and made drinkable
  • Centre to identify 25 clusters in the country where there are various kinds of challenges in providing drinking water including contamination
  • Department also looking for a Company that will be able to make water available at 20 Paise per litre

Centre plans Economic Census

  • Centre planning to conduct the 6th Economic Census
  • Census will be in collaboration with the States and Union Territories in 2012
  • Cover all enterprises engaged in various economic activities in both organised and unorganised sectors of the economy
  • The information collected, would provide a framework for follow up action for planning and development, especially for the unorganised sector of the economy
The above 5 questions are part of Daily Current Affairs 20 MCQs Series in GKToday Android Application. This series can be subscribed in the app only for Rs. 799/- for entire year. Download Now



  1. shaileshkumaryadav1988

    August 6, 2011 at 10:45 pm

    good one for any exam

  2. khem chand kumar

    August 6, 2011 at 10:51 pm

    highly beneficial!!!

  3. PS

    August 6, 2011 at 11:02 pm

    In the write-up about the Lokpal Bill, where you’ve mentioned that citizens can now approach the Lokpal for their grievances against public servants, you should make it clear that the bill introduced by the govt in the Parliament covers only higher bureaucracy, civil servants of Secretary level and above. And since most of the interaction of public is with the street-level bureaucracy, effectively the public will not have any place to move for the redressal of their grievances.

  4. kishore

    August 7, 2011 at 6:33 pm

    hello sir,the content posted in ur website regarding current affairs is excellent.i have written SBI PO and SBI ASBPO .questions given in computer awarness were difficult to solve for me.i request u to update the computer awareness bits posted in ur website.

  5. Sivakasivenkatesh

    August 8, 2011 at 4:39 pm

    Respected Sir,
    The Current Affairs are still very fair in all the sphere of panaromic World.

    Here i posted my doubt and please to clear it. The Doubts are following,

    1) From the which year the economic census was being conducted?

    2) Of Which ministry to conducted it and officially declared or Published?

    3) Is any time period in between the two census(Like Population census being conducted 10 year once).

    Thanks in Advance.

  6. imsubhasis

    August 9, 2011 at 11:07 pm

    Economic Census
    Next in year 2012(6th)

    Conducted by– Ministry of Statistics
    and Programme Implementation (MOSPI)

    Gap– 6yr


    September 2, 2011 at 12:20 pm

    current affairs given by date wise is very useful for all the exams. like po, cds ,si


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