Daily GK Updates: 2nd August 2014

1.    Muzaffar Ali selected for Rajiv Gandhi National
Sadbhavana Award
i. Muzaffar Ali, a noted
filmmaker of India was selected for Rajiv Gandhi National Sadbhavana Award. His
name was selected for his outstanding contribution towards the promotion of
Communal harmony, peace and goodwill. 

ii. The
decision of selecting Ali for the award was taken at a meeting of the Advisory
Committee of the Rajiv Gandhi National Sadbhavana Award. This will be the 22nd edition of the Sadbhawna award
and will be presented at Jawahar Bhawan on 20 August 2014 at a special

Note: Sarod maestro Ustad Amjad Ali Khan was recipient of
the 21st Rajiv Gandhi National Sadhbhavna Award.
About Muzaffar Ali

• He had directed
several movies like Bollywood classic Umrao Jaan, Gaman and Khizan

• 69-year-old, Ali
is also a social worker and a Sufi poet

• In 2005, he
became the recipient of Padma Shri

• He was born on 21
October 1944 in Lucknow, Uttar Pradesh 
About Rajiv Gandhi
National Sadbhavana Award

i. Rajiv Gandhi
National Sadbhavana Award (Rajiv Gandhi National Communal Harmony Award) is an
award of India that is given for outstanding contribution towards promotion of
communal harmony, national integration, peace and fight against violence. It
was constituted in 1992. 

ii. It
is given away on 20 August, the birth anniversary of former Prime Minister late
Rajiv Gandhi, which is also celebrated as the 
Sadbhavna Diwas (Harmony Day). The award carries a citation and cash award of 5 lakh
2.    Modi to visit Nepal tomorrow
i. Prime Minister Narendra Modi will
undertake a visit to Nepal on Sunday with an aim of taking the bilateral
relations to a higher level through further cooperation in economic and other
ii. Mr. Modi will be in Nepal for two days during which the
two countries are expected to sign agreements in sectors like power. India may
also announce economic aid for that country.
iii. This will be the first bilateral visit by an Indian
Prime Minister to Nepal in 17 years, after I.K. Gujral had travelled there in
June 1997, and underlines Mr. Modi’s focus on priority to India’s
iv. The Prime Minister
will hold talks with his Nepalese counterpart Sushil Koirala and have the
honour of addressing that country’s Constituent Assembly, only the second
foreign leader after former German Chancellor Helmut Kohl who had done it in
early 1990s.
3.    RBI canceled the Licence of The Vasavi Co-operative
Urban Bank Ltd., Hyderabad
i. The Reserve Bank of
India (RBI) cancelled the licence of The Vasai Co-operative Urban Bank Ltd.,
Hyderabad (Telangana). The order came into effect with the notification. 

ii. The order was issued in view that the bank has ceased to
be solvent and all its efforts to revive the bank have also failed and the
depositors were being inconvenienced by continued uncertainty.

iii. Apart
from this, RBI has also requested Registrar of Co-operative Societies,
Telangana State to issue an order for winding up the bank and appoint a
4.    Hagel’s India visit aimed at nurturing defence ties:
i. US Defence Secretary Chuck Hagel will visit New Delhi next week during which he will
hold talks with his counterpart Arun Jaitley and other top officials, aimed at
“nurturing” ties with India after the formation of the new government, a top
Pentagon official has said.
“The purpose of this trip is to nurture the relationship and not to ink any
deal,” Pentagon Press Secretary Rear Admiral John Kirby told PTI.
iii. According to Mr. Kirby, Defence Secretary Hagel attaches
a very high priority to the India-U.S. defence ties.
iv. During his three-day stay in New Delhi beginning August
7, Mr. Hagel will hold talks with Mr. Jaitley and is also expected to meet
National Security Advisor Ajit K Doval and External Affairs Minister Sushma
v. In his meeting with Mr.
Jaitley, Mr. Hagel would talk about the Defence Trade and Technology
Initiative, which was started during the previous UPA regime, and is considered
to be path breaking in terms of defence ties between the two countries.
Cheque bouncing: SC settles law on
where to file a complaint
– Bounced cheque must only be filed at
the place where the bank dishonoured it.
i. The Supreme Court (SC) ruled on
Friday that a complaint about a bounced cheque must only be filed at the place
where the bank dishonoured it, settling doubts raised by its own earlier
conflicting judgments on the jurisdiction of a magistrate.
ii. Some judgments had specified the
place where the cheque was issued, others from where the notice of dishonour
was sent and still others the place of receipt. Owing to this confusion in law,
the matter was referred to a larger bench of the SC.
iii. A three-judge bench headed by T S
Thakur unanimously laid down that the place of dishonour is the right place to
file a complaint. However, to avoid inconvenience to persons already
prosecuting such cases, the new rule is to come into force only with respect to
cases in the future. Those in which trials have begun will remain in the same
6.    Deputy National Security Adviser Nehchal Sandhu
i. Deputy National
Security Adviser Nehchal Sandhu resigned. His resignation was accepted by Prime
Minister Narendra Modi on 31 July 2014.
ii. Sandhu was appointed Deputy
NSA in March 2013 for a fixed three year term. He was the Director of the
Intelligence Bureau between 2010 and 2012.

7.    Bachendri Pal conferred Bharat Gaurav by East Bengal
i. Bachendri
Pal, the first Indian woman mountaineer to scale Mount Everest was conferred
with Bharat Gaurav, the highest honour of merit of East Bengal Club.
ii. The 60-year-old, Pal
was honoured at a function held at the Khudiram Indoor hall at East Bengal’s to
celebrate the 95th foundation day celebrations. 
She was given a cheque of
2 lakh rupees. 
8.    Dipa Karmakar became first Indian woman gymnast to win
medal in Commonwealth Games
i. Dipa
Karmakar became the first Indian woman gymnast and second person of the country
to win a medal at the Commonwealth Games. She bagged a bronze in the vault
event and scripted history for and in India. 

ii. Karmakar,
20-year-old from Tripura collected 14.366 points to finish third in the women’s
vault final at the SSE Hydro in Glasgow.
S. Khatun wins bronze in lightweight category of women power lifting
i. India’s S. Khatun won a Bronze medal
in the light weight category of women power lifting. The Gold went to Nigeria
in this event .
10.  Guitar legend Dick Wagner died at 71
i. Dick
Wagner, the famous rock guitarist of Alice Cooper died due to respiratory
failure at Scottsdale Healthcare Shea Medical Centre in Arizona. He was 71. 

ii. He
suffered from the respiratory failure, two weeks after undergoing a cardiac
procedure. He was also a songwriter and an author
CBI arrests Syndicate Bank CMD for
taking bribe
i. The CBI on Saturday arrested six
persons including chairman-cum-managing director of Syndicate Bank SK Jain for allegedly taking bribe of Rs. 50 lakh
for increasing credit limit of some companies in violation of banking rules.
ii. After keeping a watch on the
activities of Jain for last six months on the directive of CBI Director Ranjit
Sinha, CBI sleuths finally swooped on his relative and a Madhya Pradesh- based
chartered accountant and arrested them while allegedly receiving cash from
representatives of companies which have been involved in coal scam.
iii. The CBI has filed two cases against
Jain — accusing him of receiving a bribe of Rs. 50 lakh through conduits and
abusing his official position to enhance the credit limits of some companies in
violation of laid down procedures, official sources said.