Latest Current Affair:-

1.    International Labour Day being observed 

2.    Exim Bank to set up project development company with African Development Bank

      . In a bid to enhance India’s limited presence in the infrastructure space in Africa, Exim Bank will soon set up a   Project Development Company (PDC) in association with the African Development Bank, a multilateral institution for 55 African countries.

3.    Michael Hudson McHugh, the ex-Australian judge appointed as arbitrator by SC

i. The Supreme Court of India on 29 April 2014 appointed former judge of the High Court of Australia, Michael Hudson McHugh as the third arbitrator to resolve the dispute between the Central government and Mukesh Ambani-led Reliance Industries Ltd (RIL) on KG basin.

4  .For the first time London got its Web Domain name .London

i. London on 29 April 2014 got its domain name .london for the first time. Officially, .london will come into effect from the summer 2014. 

ii. Domain name of London will join the club of Germany and Austria as .berlin in Germany and .wien in Austria.

5.  Mahatma Gandhi Pravasi Suraksha Yojana scheme launched in UAE

i. Mahatma Gandhi Pravasi Suraksha Yojana (MGPSY) was launched in the UAE in the fourth week of April 2014.

ii. A leading Indian financial and health care service player has tied up with the UAE Exchange to offer Mahatma Gandhi Pravasi Suraksha Yojana Scheme in the Gulf country. 

iii. The implementation of the MGPSY scheme will be facilitated by UAE Exchange that is offered by the India’s Ministry of Overseas in association with Alankit Assignments.  

About Mahatma Gandhi Pravasi Suraksha Yojana (MGPSY) 
i. Mahatma Gandhi Pravasi Suraksha Yojana (MGPSY) Scheme is a pension and life insurance scheme and is recognised by the Indian government. 
ii. Mahatma Gandhi Pravasi Suraksha Yojana (MGPSY) is a special social security scheme for overseas Indian workers on temporary work permit in 17 Emigration Check Required (ECR) countries.

6   .MCX CEO Manoj Vaish quits

i. Manoj Vaish, Managing Director & CEO of Multi Commodity Exchange of India Ltd (MCX), has quit citing health reasons.He had taken up the position on February 1

1.    WB projected economic growth rate of 5.7% for India in 2014-15 fiscal

i. The World Bank on 9 April 2014 projected that the economic growth rate of India for the fiscal year 2014-2015 will be 5.7 percent.

2.    Viktor Orban re-elected as Prime Minister of Hungary

i. Viktor Orban was re-elected as Prime Minister of Hungary for the second consecutive four-year term. The results of general elections were announced on 8 April 2014.

3.    Gavaskar appoints HDFC chairman as his special advisor for 7th edition of IPL

i. The Interim President of BCCI-IPL Sunil Gavaskar today appointed Housing Development Finance Corporation (HDFC) chairman Deepak Parekh as his special advisor for the seventh edition of the Indian Premier League.

4.  Infosys on the hunt for new CEO

i. Infosys said it has begun the search process to select a successor to its Chief Executive Officer and Managing Director S.D. Shibulal.

1.    Justice R.M.Lodha to be Next Chief Justice of India

i. President of India on 11 April 2014 appointed Justice Rajendra Mal Lodha as Next Chief Justice of India.

ii. Justice Lodha will take his charge from 27 April 2014. He will be the 41st Chief Justice of India.

2.    Gulzar to receive Dadasaheb Phalke Award

Veteran poet and film lyricist Gulzar has been chosen for the coveted Dadasaheb Phalke Award for 2013, the ministry of information and broadcasting announced here Saturday.

3.    RBI panel proposes measures to make bank loan process hassle-free for customers 

i. Penalty for banks that harass customers by delaying transfer of loans from one to the other, doing away with processing fee for shifting within the same bank from one type to another and an industry benchmark base rate for borrowers are among the recommendations of a central bank panel on pricing of loans to make processes smoother for retail borrowers.