DAILY FREE CURRENT AFFAIRS 14 AUG 2015 (DAILY NEWS INDIA)

DAILY CURRENT AFFAIRS: 14 AUG 2015
(Daily News India)
Shared By: WWW.DailyGk.IN

1.  ‘OM PRAKASH MUNJAL’ FOUNDER OF HERO CYCLE DIED
i. The founder of Hero Cycles Om Prakash Munjal Passed Away.
ii. Hero Cycles limited, manufacturer of bicycles was founded in 1956 at Ludhiana in Punjab.
iii. Hero cycles limited is the world’s largest bicycle manufacturer.

2. GOVERNMENT HAS REVISED NATIONAL SOLAR TARGET FOR 2022
i.   Government has revised the national solar mission for 2022 from 20000 MW to 1 lakh MW
ii.  The target is  revised by the ministry of New and Renewable Energy.
iii. National Solar Mission was approved by government in 2010. The aim of mission is to promote maximum use of solar energy.
Minister of New and Renewable Energy: Piyush Goyal

3.  O.P RAWAT NEW ELECTION COMMISIONER OF INDIA
i.  Om Prakash Rawat is appointed as New Election Commissioner of India. Earlier this vacancy of Election commissioner was vacant.
i) Election Commission is a 3 member body. It has one Chief Election Commissioner and two Election Commissioners. It was formed in 25 January 1950.
ii) Chief Election Commissioner- Nasim zaidi
iii) Election Commissioner- Achal Kumar
iv) Election commissioner – Om Prakash

4. IRDAI ALLOWED BANKS TO PACT WITH INSURERS
i.  Insurance Regulatory and Development Authority of India has allowed banks to pact with insurers.
ii. Earlier banks are not allowed to have tie up with more than one insurer
iii. IRDAI is formulating new Guidelines for Bancassurance and the above decision is taken under the new guidelines of Bancassurance.

5.  ‘LPG GAS SUBSIDY’ TRANSFER SCHEME ENTERED IN GUINNESS BOOK
i.   The Direct Benefit transfer scheme for Transferring LPG Gas subsidy directly into the bank account of consumers have been recognized as largest cash transfer programme in world and entered into Guinness Book of World Records.

ii.   The current rate of a LPG refill is at ₹752 for a 14.2 kilogram canister and the subsidised price is ₹417, with the remainder ₹335 as subsidy.