Current Affairs 26th March 2014

Current Affairs 26th March 2014

Updated : 26-Mar-2014

Current Affairs 26th March 2014 - Important Points
Current Affairs 26th March 2014 - Details
India's First Revolver Nirbheek, designed for Women launched
A light weight revolver named Nirbheek was launched by Indian Ordinance factory on 25th March 2014 which is especially designed for women to defend themselves from assault. Nirbheek that weighs is very less around 500 gm and it is a .32 bore revolver which can be easily carried by women in their purses or handbags.

Nirbheek revolver is made of titanium alloy and is priced Rs. 122360. The revolver is capable of firing six rounds loaded in a revolving chamber.
Important to note :
- Nirbheek is India's first Firearm designed for women.
- Neerbheek name is derived from of the paramedical student Nirbhaya, who was a victim gang rape in Delhi on 16 December 2012.
Book titled "Lal Bahadur Shastri: Lessons in Leadership" released
Book titled "Lal Bahadur Shastri: Lessons in Leadership" was released on 23rd March 2014 in New Delhi by spiritual leader His Holiness the Dalai Lama.
Book is authored by Anil Shashtri and Pawan Choudhary. This book covers all stages of his life and book also highlights his virtues of simplicity, integrity, tenacity, wisdom and leadership. Former prime minister Lal Bahadur Shastri has left behind a legacy that is hard to match. This book also touches the points of 1965 war.
Anil Shashtri is Son of Shri Lal Bahadur Shashtri.
Important Points about Lal Bahadur Shastri Ji :
- He was born on 2nd October, 1904.
- He passed away on 10th January, 1966.
- He was second Prime Misiter of India.
- Outstanding Slogan "Jai Jawan Jai Kisan" is given to India by Lal Bahadur Shashtri.
- He was Prime minister from 9 June 1964 to 11 January 1966.
Japan to hand over nuclear material to the US
Japan to hand over nuclear material to the US, as Japan and the United States have co-signed an agreement to remove and dispose of hundreds of kilograms of highly enriched uranium (HEU) and separated plutonium from the Asian nation.
This agreement was made on Nuclear Security Summit in The Hague, Netherlands, where US and Japanese leaders arranged a deal on "final disposition" in the US of well over 300 kilograms of weapons grade plutonium and an unspecified quantity of highly enriched uranium (HEU).
This is a bid to reduce the amount of dangerous nuclear material in the world.
Important to note :
- Belgium and Italy has also agreed to hand over excess nuclear materials to the US.
Pakistan's only Parsi cricketer Rusi Dinshaw died
Pakistan's only Parsi cricketer Rusi Dinshaw died on 24th March 2014 in Karachi. He was suffering from schizophrenia and was 86 years old.
Rusi Dinshaw was the only Parsi to have ever been selected in a Pakistan team. He was the member of Test squad of Pakistan that first toured India on 1952-53.
It is really very sad to know that he was reduced to begging at the Karachi Parsi Institute and at some traffic signals before his death. Rusi Dinshaw was a left-handed batsman and left-arm spinner. He scored a double hundred in the Ruby Shield schools tournament in Kolkata.
He also led Karachi University won against Bombay University in the Maharaja Kumar of Cooch Behar Trophy in 1946.

The Hague hosted third nuclear security Summit 2014
The Third Nuclear Security Summit was held in The Hague, Netherlands, from 24th to 25th March 2014.
This important summit make an news in international current affairs, this summit was attended by the 58 World leaders. At this summit all the leaders reached to an aggrement to prevent terrorists getting access to nuclear material that could be used to make a nuclear weapon which will be very dangerous to mankind.
So this will further reduce the threat of a nuclear attack.
Important to note :
Under this initiative 35 countries has agreed to incorporate the guidelines of IAEA in their national legislation. These guidelines will be binding and also engage IAEA teams to assess the security of nuclear materials.
These 35 countries are :
Algeria, Armenia, Australia, Belgium, Canada, Chile, Czech Republic, Denmark, Finland, France, Georgia, Germany, Hungary, Israel, Italy, Japan, Kazakhstan, Lithuania, Mexico, Morocco, the Netherlands, New Zealand, Norway, Philippines, Poland, the Republic of Korea, Romania, Spain, Sweden, Turkey, Ukraine, United Arab Emirates, the United Kingdom, the United States of America and Vietnam.
1979 batch IAS Mr. Rajiv Takru appointed as the new Revenue Secretary
An IAS officer of 1979 batch Mr. Rajiv Takru was appointed as Revenue Secretary on 25th March 2014, which is among important national current affairs. He will succeed Mr. Sumit Bose who is going to retire on 31st March 2014. So Mr. Rajiv Takru will be taking on new postion on the 1st April 2014.
Earlier Mr. Rajiv Takru was serving at Financial Services Department as its Secretary under the Union Finance Ministry.
In the place of Mr. Rajiv Takru, a Rajasthan cadre IAS officer of the 1980 batch Mr. Gurdial Singh Sandhu has appointed as Financial Services Secretary. He was earlier serving as the Minorities Affairs department in the Rajasthan Government.
Japanese architect Shigeru Ban won the Pritzker Architecture Prize 2014
World's most prestigious architecture award "Pritzker Architecture Prize" won by a Japanese architect Shigeru Ban on 25th March 2014. Shigeru Ban has bagged this prize for his creative and inexpensive designs for disaster relief shelters.
Pritzker Architecture Prize:
- Pritzker Architecture Prize is an international prize which is awarded annually to living architects who have contributed to humanity by their excellence in built work.
- This prestigious prize was instituted by Hyatt Foundation in 1979. It carries $ 100000 grant, a citation and a bronze medallion.
- This prize was started by Hyatt Foundation in 1979.
Shigeru Ban :
Shigeru Ban is 56 years old and as told earlier he is a Japanese architect. He started his involvement in disaster relief structures in 1994. He have worked for many countries like Sri Lanka, India, Haiti, Italy and New Zealand. He also participated in Bhuj earthquake relief work in 2001. His objective is to build inexpensive, easy-to-construct structures.
RBI panel headed by Aditya Puri submitted its report
A RBI panel which was headed by Aditya Puri, submitted its report. The report was submitted on 22nd March 2014. The Report is titled as "Data Format for Furnishing of Credit Information to Credit Information Companies (CICs)".
This committee has made many recommendations relating to credit information, best practices to be followed by credit institutions etc.
Highlights of recommendations :
- The Committee has suggested to provide customers with a free copy of their Credit Information Report (CIRs). It would help create awareness about the need to have credit discipline and help detect identity theft at an early stage.
- The committee also recommended a common Data Quality Index that could assist credit institutions in determining the gaps in their data and also help move towards improving their performance over a period of time.
- It was also recommended to use a common data format that includes additional information in the formats, such as, dispute codes, consumer comments on dispute, details of collateral and a continuing mechanism for making changes to data formats that could help improve data quality.
- The committee has showed its concern that low usage of credit information by member institutions and other specified users needs to be addressed. It can be addressed by increasing the coverage of credit information in terms of membership (all credit institutions should be members of all CICs) and products and by creating awareness about Credit Information Reports (CIRs).
- CICs should have a common classification of Credit Scores so that it would be easier to understand and interpret them.
- CICs may provide a single CIR for a borrower even if there are multiple addresses, using a unique identification number (PAN/Aadhaar No.).
- CICs may have link with the database of Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) which has data on mortgages so that CIRs can also provide information on property mortgages.