Current Affairs: September 29, 2011

Financial tax resisted by UK, proposed by European Commission

  • Bank shares fell in London following the United Kingdom’s stand to oppose a financial transaction tax on European Union members proposed by the European Commission
  • The Financial Transaction Tax would raise about € 57 bn yearly and would come into effect at the beginning of 2014
  • London would be hardest hit by The Financial Transaction Tax as the bulk of banking transactions in Europe come via London 

Kindle Fire tablet computer launched by Amazon

  • Amazon launched a new tablet computer called the Kindle Fire
  • The product will rival Apple’s oddly triumphant i-PAD

Bilbao Final Masters, Sao Paulo, Brazil: Ivanchuk shocks Anand

  • World Champion Viswanathan Anand suffered an unusual loss, going down to Vassily Ivanchuk of Ukraine in the 3rd round of the fourth Bilbao Final Masters in Sao Paulo, Brazil

PMEAC: Indian economy likely to grow by 8% in current fiscal

  • Dr C Rangarajan, Chairman of the Prime Minister’s Economic Advisory Council held that Indian economy is expected to grow by 8% in the current fiscal
  • Dr C. Rangarajan said that since there are some concerns regarding the industrial production which has led to reconsideration of the growth rate from the previously expected 8.2%

Indian hockey team Australia tour: Chetri named captain

  • Goalkeeper Bharat Chetri named captain of the Indian hockey team for the tour of Australia starting next month
  • Chetri replaces Rajpal as the skipper
  • Sandeep Singh and Sardara Singh who were banned by Hockey India for 2 years for charges of indiscipline have also found a place in the squad


Next Director General of BSF: U. K. Bansal

  • U.K.Bansal, Senior IPS Officer will be the next Director General of Boder Security Force
  • Mr. Bansal to replace Mr. Raman Srivastav, who retires on October 31, 2011



Global-Logic acquires Method

  • Global-Logic, Software product development services provider declared the acquisition of global design and innovation consultancy firm Method

Rajiv Gandhi International Prize conferred on the Azim Premji Foundation by IGNOU

  • Indira Gandhi National Open University (IGNOU) conferred the Rajiv Gandhi International Prize for Technology in Education and Development on the Azim Premji Foundation
  • The award established by the university in its silver jubilee year was presented to Azim Premji
  • Azim Premji, upon receiving the award stressed on the need of integrating IT with mainstream education which would then prove far more useful in disseminating education among adults than children
  • Azim Premji Foundation: Founded by Azim Premji in 2001, a not-for-profit organization

    Its aim is to extensively add towards a just, fair, humanitarian and sustainable society.It has been dynamic in backing the primary education sector and for this it has partnered with state Govt in India to improve the quality of elementary education within government run schools

  • Rajiv Gandhi International Prize comprises of Rs. 5 Lakh cash and a citation. It is given to individual or institution for significant contribution in education, predominantly educational technology, for growth in developing countries around the world
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