Daily GK Potion – 4th September 2014

  1. Former Chief Justice of India P. Sathasivam appointed as Governor of Kerala by President Pranab Mukherjee.
    • This is the first time that former Chief Justice of India becomes Governor.
  2. Rating agency Moody said high fiscal deficit and sticky inflation may limit chances of India’s rating upgrade.
    • Country has ‘Baa3’ rating with stable outlook.
  3. Prime Minister Narendra Modi flagged off new training for TCS trainee graduates in Japan.
    • The first batch of 48 graduates will head towards India to undergo training at various TCS locations for six-eight weeks.
    • Apart from exposure to new technologies, the graduates will learn about quality, processes and business skills as well.
    • They will also undergo on-the-job training for six months in various projects.
  4. Tata Consultancy Services has reappointed Natarajan Chandrasekaran as CEO and Managing director of the company for five year term effective from October 6, 2014.
  5. Chinese Counsul-General Liu Youfa announced that Chine will set up two Industrial Parks in India, one each in Gujarat and Maharashtra.
    • In Maharashtra, park will be set up in Pune on area of 5 sq. km with focus on automobile sector.
    • The park in Gujarat will be near Ahmedabad in area of about 10 sq. km where the focus will be on Power sector.
  6. Oriental bank of Commerce on Wednesday slashed the interest rate price on home loan above Rs. 75 lakh by 0.5 per cent point from 10.75 to 10.25 per cent.
  7. RBI on Wednesday relaxed the norms on external commercial borrowing to allow lender to extend loans in Indian currency to local businesses.