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CLATGYAN'S GK COMPENDIUM FROM JANUARY 18 TO JANUARY 31, 2012
NATIONAL
The Supreme Court set aside the order of the Delhi High Court, refusing to pass any
direction to the PM for taking a decision on sanction of prosecution in the 2G Spectrum
case. It also directed that the decision on giving the sanction should be taken by a
competent authority within a specified Timeframe. If the sanction is not given within four
months it would deem to have been granted.
On related matters, The apex decision-making body of the communications ministry, the
Telecom Commission decided to allow mobile phone companies to share spectrum. The
Commission has however limited this facility to 2G airwaves alone. Second generation
(2G) spectrum is largely used for offering vanilla voice services. The telecommunication
companies cannot therefore share 3G spectrums.
Four-member committee on integration of thousands of employees after the merger of
two State-owned carriers -- Air India and Indian Airlines submitted his report to the Civil
Aviation Minister, Ajit Singh on 31 January 2012. The committee was headed by former
Supreme Court judge Justice D. M. Dharmadhikari. The Committee also included Prof
Ravindra H Dholakia of IIM Ahmedabad, Rajeshwar Dayal, expert on public sector
employees' service matters and senior Civil Aviation Ministry official Syed Nasir Ali, as
its members.
The Cabinet Committee on Economic Affairs (CCEA) headed by Prime Minister
Manmohan Singh on 24 January 2012 gave final approval to Vedanta Resources
acquisition of a majority stake in Cairn India Ltd for $8.48 billion. The Cabinet gave its
final consent to the $8.5-billion Cairn-Vedanta deal after the companies met all
conditions set by the government to complete the transaction.
The Election Commission of India announces a ban on exit polls during the entire period
when elections to the five state assemblies would be held.
The home ministry of India launched the first batch of RICs (Resident Identity Cards) at
Porthrapur village in Andaman and Nicobar Islands



The Controller and Auditor General, CAG indicted the Uttar Pradesh Government of
anomalies in spending around 5000 crore rupees under the National Rural Health
Mission(NRHM). The CAG probing the NRHM scam, submitted its report to the State
Governor, saying it has found anomalies under the scheme in about two dozen districts of
the state. The CAG report stated that the state health department failed to give proper
details of spending of about 5000 crore rupees out of the 8657 crore rupees given to the
state.
Inter-ministerial committee for tourism sector decided to extend Visa-on-Arrival facility
to Goa, Hyderabad, Kochi & Bangaluru airports to help double the foreign tourist arrivals
Planning commission of India on 19 January 2012 approved investment clearance for the
scheme - Rudrasagar Drainage Development Scheme, Tripura. The implementation of
the scheme will restrict water spread area of the lake during monsoon and maintain water
level of 13 m during winter and maintain water level of 11 m for boosting the ecology of
the area. An area of 2200 ha with a population of 1000 will benefit from the scheme.
Senior television journalist Pankaj Pachauri as was appointed as Communication Advisor
in the Prime Minister's Office on 19 January 2012. He replaces Harish Khare.
The Law Commission of India on 18 January 2012 recommended the dilution of Anti-
Dowry law to make it less stringent. The Commission, headed by Justice P V Reddi,
recommended the Government to make Section 498-A of the Indian Penal Code, which
deals with harassment for dowry and cruelty to a woman in her matrimonial home, a
compoundable offence. Compoundable offences are those which can be compromised by
the parties to the dispute. The permission of the court is not necessary. This means that
those who would be booked in cases under this section would find it easier to get bail.
N. Ram stepped down as Editor-in-Chief and Publisher of The Hindu , Business Line ,
Frontline , and Sportstar. Siddharth Varadarajan replaces him.
INTERNATIONAL
India signed three agreements besides issuing a joint statement during the visit of the
President of Mali, Amadou Toumani Toure. Both nations also issued a joint declaration
on this occasion. This is the first-ever exchange of visit at this level between India and
Mali.
Also on the visiting spree - Trinidad and Tobago president Kamala Persad Bissessar. 5
agreements were signed between the two countries.



India's National Thermal Power Corporation (NTPC) signed an agreement with
Bangladesh Power Development Board ( BPDP), for setting up a joint venture 1320 MW
thermal power plant
In New Delhi, India and Pakistan on 25 January 2012 agreed in New Delhi to transit fee
formula for Tapi (Tajikistan, Pakistan and India) gas pipeline project. On the Transit Fee,
India and Pakistan agreed that the negotiations would be conducted in a transparent
manner keeping in mind the overall economics of the Project, keeping in mind the landed
cost of gas, and in accordance with the relevant international practices.
In Egypt, the Supreme Council of Armed Forces declared partial lifting of emergency in
the country.
Syria on 23 January 2012 rejected the Arab League plan for President Bashar al-Assad to
hand over the power to the Vice President. The Arab League in its meeting on 22 January
2012 in Cairo came out with a plan under which President Assad hands over the power to
the Vice President and a national unity government is formed within two months.
The fifth edition of the World Future Energy Summit was held in the UAE capital Abu
Dhabi. The four-day long summit brought together more than 60 top leaders from 50
countries
India signed a multi-lateral agreement with economic powers like France and Germany to
check both tax evasion and avoidance
The Bangladesh army foiled a planned coup in December 2011 attempt to topple the
government of Prime Minister Sheikh Hasina. Some officers in military service were
involved in the conspiracy to topple the system of democratic governance. Two former
army officers were arrested and a manhunt was launched for the fugitive officer while
some 16 others were kept under strict military vigil.
The Government of India and the World Bank on 20 January 2012 signed an IDA credit
of 130 million US dollars to finance the project called NERLP (North East Rural
Livelihoods Project) to better standards of living in the North Eastern states of India.
India on 18 January 2012 announced a substantial increase in educational assistance,
being given to Sri Lanka. The funding amounting to 2.5 billion Sri Lankan Rupees will
mark a threefold increase in the scholarships and self-financing slots for undergraduate,
masters and doctorate-level courses.
The new initiative was undertaken as part of New Delhi's commitment under the India-
Sri Lanka Knowledge Initiative launched by the Prime Minister Manmohan Singh and Sri



Lankan President Mahinda Rajapaksa. Two new scholarship programmes called the
Maulana Azad and Rajiv Gandhi Scholarship Scheme was added to the existing list.
FINANCIAL NEWS
January apparently also emerged best month for foreign fund inflow since November
2010.
HDFC Life, private life insurance company from India launched its first international
operations with the opening of its representative office in Dubai
Government-appointed C R Sundaramurti Committee submitted its report to finance
minister Pranab Mukherjee. The report suggested a complete overhaul of government
accounting norms in order to enforce transparency and better monitor public spending.
The proposed accounting classification structure will provide a foundation for a more
robust public financial management which could be used for enforcing more transparency
and effectiveness of Public delivery channels of the government.
The International Labour Organization (ILO) issued the annual report on global
employment titled Global Employment Trends 2012: Preventing a deeper jobs crisis on
24 January 2012. As per the report, the world faces the urgent challenge of creating 600
million productive jobs over the next decade in order to generate sustainable growth and
maintain social cohesion.The ILO highlighted that an estimated 900m living with their
families below the US$ 2 a day poverty line, mostly in developing countries.
Photography Pioneer Eastman Kodak Company filed for bankruptcy protection on 19
January 2012. The 132-year-old trailblazer is likely to become the most storied casualty
of a digital age. Eastman Kodak Company filed for bankruptcy protection to re-organise
its businesses in order to survive intense competition.
The Reserve Bank of India in January 2012 allowed banks to grant permission to listed
and unlisted companies to hedge price risk in commodities other than precious metals in
international exchanges. The move is aimed at helping the companies limit losses from
volatility. Currently, banks need RBI's approval to give permission to companies to
hedge.





MISCELLENEOUS
United Nations Department of Economic and Social Affairs (UN-DESA) data for 150
countries over 40 years showed that India and China are the only two countries in the
world where female infant mortality is higher than male infant mortality in the 2000s.
India was found to be the most dangerous place in the world to be a baby girl. The data
revealed that an Indian girl child aged 1-5 years is 75% more likely to die than an Indian
boy, making this the worst gender differential in child mortality for any country in the
world.
The Union Cabinet of India on 24 January 2012 approved renaming of the Mana Airport
at Raipur in Chattisgarh as the Swami Vivekanand Airport, Raipur
In Himachal Pradesh, more than 1.20 lakh migratory birds from Siberia and Central Asian
countries descended on Maharana Pratap Sagar, popularly known as Pong Dam Lake, in
Kangra district
A new gene, called Meg-1 was discovered in maize plants by the UK scientists. It could
increase the crop yields
Scientists rediscovered a large grey monkey-the Miller's grizzled langur- in the dense
jungles of Indonesia.
HUL appointed Hemant Bakshi, Executive Director of Sales and Customer Development
as Executive Director-Home & Personal Care
Activists formed the world's longest human chain all the way to the peak of the 12,352
feet Volcano de Agua known as Water Volcano in a protest against domestic violence
India was ranked the sixth most innovative country in the world in GE's Annual Global
Innovation Barometer published on 18 January 2012
US beverage maker Coca Cola retained its top position in Interbrand's list of the top 100
global brands in 2011
Scientists have claimed that chunks of a meteorite which fell in Morocco last July
were from Mars - a rare event which happened for the first time in 50 years. It is the
fifth time that such Martian meteorite fall has been reported, an event which has
occurred every 50 years. The first was in 1815 in France, second in 1865 in India ,
followed by Egypt in 1911 and Nigeria in 1962.





SPORTS
A Amalraj won his maiden national title by defeating A Sharath Kamal in the final of the
73rd Senior National and Inter-State Table Tennis Championships
Novak Djokovic emerged victorious in the men's single category while Victoria
Azarenka lifted the trophy in the women category of the 2012 Australian Open
Rajasthan won the 78th Ranji Trophy by defeating Tamil Nadu on 23 January 2012 at the
MA Chidambaram stadium
RECENT DEATHS:
Freedom fighter and one of the doyens of Indian diplomacy, Ambassador A K
Damodaran passed away in New Delhi on 31 January 2012.
Kerala governor and three-time Puducherry chief minister and MP, M O H Farook died in
Chennai on 26 January 2012
Sukumar Azhikode, award-winning Malayalam writer, scholar and one of the most
influential Gandhian intellectual in Kerala, died on 24 January 2012
THRee time Grammy winner influential 1950s rhythm-and-blues singer, Etta James, best
known for her show-stopping hit At Last, died on 20 January 2012
Noted film critic, Nikhat Kazmi who had been suffering from cancer died on 20 January
2012.
Anthony Prabhu Gonsalves, India's first music arranger died on 18 January 2012
AWARDS
Bollywood actor, Abhishek Bachchan was honoured with a Green Globe Award at the
Fourth Panasonic Green Globe Awards. The award works towards sustainable
development and a greener planet, the award was given by Arnold Schwarzenegger
President conferred the Ashoka Chakra on Lt. Navdeep Singh (posthumous) on the
occasion of the 63rd Republic Day Parade 2012
Singapore-based Sri Lankan author Shehan Karunatilaka was awarded the DSC Prize for
South Asia Literature 2012, at the Jaipur Literature Festival
Cg


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