IBPS2020

1. Wipro appoints Abid Neemuchwala as COO i. India's third largest IT services exporter Wipro Ltd. announced the appointment of appointment of former TCS top executive Mr. Abid Ali Neemuchwala as the Group President and Chief Operating Officer of the company.  ii. Mr Neemuchwala was heading the Business Process Services globally.  iii. Apart from this he was also involved in several leadership roles during his 23-year-long career with TCS. 2. Facebook acquires The Find e-commerce search engine i. Facebook has acquired The Find, a nine-year-old company with a search engine that indexes products across thousands of e-commerce sites. ii. That probably means the ads Facebook users see will be more relevant to products they’ve been browsing and buying online, perhaps highlighting local retailers. One of The Find’s features is that it attempts to mix online and local stores and says its results are based on “your social profile.” iii. For Facebook, the technol...

1. India, Mauritius to work to avoid 'abuse' of DTAT i. India and Mauritius will work together to avoid the "abuse" of double taxation avoidance convention. ii. the two countries agreed to push negotiations for a long pending revision of the treaty.  iii. Modi is on a two day visit to the island nation of Mauritius addressed the National assembly of Mauritius. iv. Often corporates have been accused of laundering money through the "Mauritius route" for channelling FDI in India and the two governments have been in negotiations to curb this practice.  v. This is why Prime Minister Modi and Sir Anerood Jugnauth agreed to push forward their negotiations for a long pending revision of Double Taxation Avoidance Treaty (DTAT). 2. New city 'NAINA' to come up over 600 square km near Navi Mumbai airport  i. Maharashtra government would be developing a new city - 'NAINA' - over an area of 600 sq km around the upcoming Navi Mumbai Int...

1)   Kumar Sangakkara created record by scoring four consecutive ODI centuries: i. Sri Lanka's Kumar Sangakkara on 11 March 2015 became the first player to score four successive one-day international centuries, setting a new record in a World Cup against Scotland in Hobart. ii. Sangakkara had made 105 not out against Bangladesh, an unbeaten 117 in the game with England followed by 104 against Australia. iii. The left-hander surpassed six players who had scored three ODI centuries in a row. They were Zaheer Abbas and Saeed Anwar of Pakistan, the South African trio of Herschelle Gibbs, AB de Villiers and Quinton de Kock, and Ross Taylor of New Zealand. 2)  Bihar CM Nitish Kumar won trust vote in assembly: i.  Bihar CM Nitish Kumar on 11 MArch 2015 won trust vote on the floor of assembly by 140-0 votes, after the main opposition BJP staged a walkout minutes. ii. A total of 140 MLAs including supporters of former CM Jitan Ram Manjhi vot...

1. Kerala Tourism’s campaign’ wins silver prize in Golden Gate Award at ITB-Berlin  Kerala Tourism has won silver prize in the prestigious Golden Gate Award at the Internationale Tourismus-Börse Berlin (ITB-Berlin) – 2015. Kerala Tourism received the prize in the category of mulimedia-campaign for its global multimedia ‘The Great Backwaters campaign’ in the television-commercial medium. This campaign has been conceptualised by Kerala Tourism’s creative and marketing agency Stark Communications. Earlier, The Great Backwaters campaign had won the Golden Gate Gold Prize in the Print category at the ITB-Berlin 2014. Kerala Tourism had won the Golden Gate Silver Prize for its hugely successful ad campaign ‘Your Moment is Waiting’ in the print category.  About Golden Gate Award Golden Gate Award is entitled as Oscar in tourism communication. It is awarded for the ultimate recognition in global tourism communication and presented every year at the ITB-Berlin. 2. Pakistan succes...

1)  All England Badminton Championship: Saina Nehwal lost to Carolina Marin i. Saina Nehwal lost the women's singles final of the $500,000 All England Open Badminton Championships to Spain's Carolina on 5 March 2015. ii. In her attempt to become the first Indian woman to win the prestigious Super Series Premier event, she took off well to win the opening game and lead in the second. iii. However, a major turnaround saw the reigning World Champion demonstrate pure skill and class to earn a come-from-behind 16-21, 21-14, 21-7 win in an hour and two minutes. 2)   International Women’s Day celebrated i. International Women’s Day was celebrated across the world on 8 March 2015.  ii. The theme for the year 2015 is Make it Happen and it encourages effective action for advancing and recognizing women. iii. The day represents an opportunity to celebrate the achievements of women while calling for greater equality. 3...

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1)  Kerala Assembly speaker G Karthikeyan passed away: i. Senior Congress leader and Kerala Assembly Speaker G Karthikeyan passed away in Bangalore, Karnataka. He was 66. ii. A prominent Congress leader in Kerala, Karthikeyan has entered into politics through Kerala Students Union, the student outfit of Congress. iii. He had been elected to the state assembly in 1982, 1991, 1996, 2001, 2006 and 2011. iv. In Congress government headed by A K Antony in 1995, Karthikeyan had been power minister. He had served as civil supplies minister in the Congress government in 2001. 2)  Snooker shortlisted for Tokyo 2020 Olympics: The green baize game of snooker, played with multi-coloured balls, has been short-listed among three sports to be included in the 2020 Olympic Games in Tokyo, according to Captain P.V.K. Mohan, president of the International Billiards and Snooker Federation (IBSF).   3)  Saina Nehwal advanced to All England Badminton Final : ...

What is Balance of Trade (BOT) In today’s world, all countries import some goods and services from other countries, and they also export certain other goods and services which are surplus in their country. The difference between the value of goods and services exported out of a country and the value of goods andservices imported into the country.If a country has a balance of trade deficit, it imports more than it exports, and if it has a balance of trade surplus, it exports more than it imports.The balance is said to be favorable when the value of the exports exceeded that of  the imports (i.e.exports exceed imports), and unfavorable when the value of the imports exceeded that of the exports (i.e. imports exceed exports). What are the Factors That Affect Balance of Trade Factors that can affect the balance of trade include: i. The cost of production (land, labour, capital, taxes, incentives, etc.) in the ...