DAILY GK UPDATE – 8th May

1.      
India home to 54 of world’s largest,
most powerful companies: Forbes
(i) According to Forbes Magazine India is home to 54 of the world’s
biggest companies.

(ii) Mukesh Ambani-led Reliance Industries leads the pack of
54 Indian companies in Forbes’ annual list of the world’s 2000 largest and most
powerful public companies,
(iii) Reliance is followed by State Bank of India which
is ranked 155 and has a 23.6 billion dollars market value.

(iv) The other Indian companies on the
list are Oil and Natural Gas ranked 176, ICICI Bank (304), Tata
Motors (332), Indian Oil (416), HDFC Bank (422), Coal India (428), Larsen &
Toubro (500), Tata Consultancy Services (543), Bharti Airtel (625), Axis Bank
(630), Infosys (727), Bank of Baroda (801), Mahindra & Mahindra (803), ITC
(830), Wipro (849), Bharat Heavy Electricals (873), GAIL India (955), Tata
Steel (983) and Power Grid of India (1011).
(v) China is home to the world’s top
three biggest public companies and five of the top 10.
(vi) For the first time in the ranking’s
11 years, China is home to the world’s three biggest public companies and five
of the top 10. State-controlled Chinese bank ICBC holds onto its number 1 spot
for a second consecutive year, while China Construction Bank takes second place
and Agricultural Bank of China moves up five spots to third.
(vii)
The United States
accounted for the other half of the top 10 spots. Berkshire Hathaway and Wells
Fargo both moved up four spots to number five and number nine respectively.
(viii)
The Forbes ‘Global
2000’ is a comprehensive list of the world’s largest, most powerful public
companies, as measured by revenues, profits, assets and market value.


2.      
Supreme
Court bans jallikattu in Tamil Nadu
(i) Country’s
apex court banned ‘jallikattu’ (bull fighting) and bullock cart racing in
Tamil Nadu. The court also banned bullock cart racing in Maharashtra.
(ii) A Bench of
Justices K.S. Radhakrishnan and Pinaki Chandra Misra said, “Forcing a bull and
keeping it in the waiting area for hours and subjecting it to the scorching sun
is not for the animal’s well-being. Forcing and pulling the bull by a nose rope
into the narrow, closed enclosure or ‘vadi vassal’ (entry point), subjecting it
to all forms of torture, fear, pain and suffering by forcing it to go the arena
and also over-powering it in the arena by bull tamers, are not for the
well-being of the animal.”

3.      
President
of India dedicates ‘RUPAY’ to the nation
(i) The
President of India, Shri Pranab Mukherjee dedicated ‘RuPay’ India’s own card
payment network to the nation today (May 8, 2014) at function at Rashtrapati
Bhavan.
(ii) Speaking on the occasion, the President
congratulated the Reserve Bank of India for having envisioned the need for such
an indigenously managed service in 2005 and for entrusting this task to the
National Payments Corporation soon after its operationalization in 2010.
(iii) An
indigenous system like RuPay will not only reduce the dependence on cash and
cheque modes of settlement but will also make it easier to offer products based
on specific requirements of diverse user sets within the country.
(iv) The President felicitated Shri A. P. Hota,
Managing Director and Chief Executive Officer of NPCI. He also presented appreciation
plaques to 17 banks for their contribution in connection with RuPay card.

4.      
IAA
Receives International Arch of Europe Award
(i) Indian
Aviation Academy (IAA) has been selected this year by the Business Initiative
Directives Group (BIDG), Madrid (Spain) for the International Arch of Europe
Award for quality and technology in Gold Category.
(ii) The award
was received by Mr. Rajiv Goel, Director, IAA from Mr. Jose E. Prieto,
President & CEO, BID Group at a function held in Frankfurt, Germany Later,
the award was presented to Mr. Alok Sinha, Chairman, Airports Authority of
India .
(iii)
The Academy has been set up for training and development by pooling
resources of the three mainstay organizations of civil aviation namely,
Airports Authority of India, Directorate General of Civil Aviation and Bureau
of Civil Aviation Security.
(iv)
It conducts training in airport management, maintenance, airport safety
and regulations, HR discipline, etc. The Academy has collaboration with several
international agencies such as ICAO, IATA, ACI, FAA, European Union and CATC,
Thailand.

5.      
Delhi
the most polluted city in the world: WHO
(i)
As per a new study conducted by the World Health Organisation (WHO), the
air in the national capital is laden with dangerous small particles of
pollution, leapfrogging Beijing – the city which was once considered one of the
most polluted. 
(ii) As per various studies conducted, air pollution
is the fifth largest killer in India
(iii)
The international organisation has measured that Delhi has the highest
concentration of PM2.5 — particulate matters less than 2.5 microns— form of air
pollution, which is considered most serious. 
(iv)
Thirteen of the dirtiest 20 cities were Indian, which included New Delhi,
Patna, Gwalior and Raipur in the top four spots, while the Indian capital had
an annual average of 153 micrograms of small particulates, known as PM2.5, per
cubic metre.
(v)
Beijing was in 77th place with a PM2.5 reading of 56, little over
one-third of Delhi’s pollution level, while at the cleaner end of the table, 32
cities reported a PM2.5 reading of less than 5 and three-quarters of those
included Vancouver, Hafnarfjordur in Iceland and the other seven were
American. 
(vi)
The database covers the period from 2008 to 2013, with the majority of
values for the years 2011 and 2012. 

6.      
 India drop two places to 147 in FIFA
rankings
(i)
India have slid down two places to the 147th spot in the latest FIFA
Rankings published on 8th May 8, 2014.
(ii) The national team has however, retained their
rank in the continent as they continue to be placed 25th, though jointly with
Singapore now, who are also placed 147th in the world rankings.
(iii)
India have played only one match this year, when they locked horns with
Bangladesh on 5th March. With the Indian Super League (ISL) saga in full
throttle which could lead to congestion in the domestic fixtures, it poses a
problem for setting dates for more international action.
(iv)
Afghanistan are the highest ranked side in the sub-continent with a rank
of 128 and while Iran are on top of the pile in Asia with an overall ranking of
37 followed by Japan (47) and Uzbekistan (53).

7.      
India
gets Dubai Travel Mart award
(i) India has
been honoured with New Frontiers Award at the Arabian travel mart in Dubai for
its outstanding contribution to tourism development in the face of overwhelming
adversity in Uttarakhand.
(ii) The award
provides additional exhibition space at the event worth 10,000 US dollars. The
award is in recognition of the repair, rebuild and recovery efforts made by
India after the Himalayan catastrophy.
(iii) The award
was received on behalf of the Government of India by the Economic Advisor in
the Ministry of Tourism.

8.      
Jignesh
Shah arrested in NSEL scam
(i) Jignesh
Shah, former director of the scam-ridden National Spot Exchange Limited (NSEL),
was arrested by the Mumbai police in connection with the nearly Rs.5,600-crore
payment crisis.
(ii) The
Economic Offences Wing (EOW) of the Mumbai police also arrested the Chief
Financial Officer of Financial Technologies India Ltd. (FTIL), Srikant
Javlekar.
(iii) On
September 30, an investor had filed an FIR against the directors and key
functionaries of NSEL for cheating, forgery, criminal breach of trust and
conspiracy
(iv) According
to the police, Mr. Shah masterminded the entire scam and engaged in a criminal
conspiracy with the co-accused to turn NSEL into a non-banking institution. So
far, 11 persons have been arrested in the case.
(v) In January,
a charge-sheet had been filed against the NSEL CEO, Anjani Sinha, two
vice-presidents — Amit Mukherjee and Jay Bahukhundi — and two borrowers of the
beleaguered exchange — Nilesh Patel, managing director of NK Proteins and Arun
Sharma, film financier and chairman of Lotus Refineries.