Top current affairs of 3rd January 2015 in news and daily GK updates are given below.
National scene 3rd January 2015
1. Indian science congress commenced at the University of Mumbai on 3rd January 2015.
Explanation –
i) Prime minister Narendra Modi graced the occasion with his presence. The 102nd session of the Indian science congress was inaugurated by him.
ii) The theme for this year is “Science and Technology for Human Development.”
iii) The 5 day program has been scheduled as follows. On day 2 children science congress and rural innovation exhibition. Women science congress is scheduled on day 3. 4th day will see valedictory of children and women science congress. The general body meeting and closing function will be held on 5th day.
Business diary 3rd January 2015
2. Tamilnadu agricultural university and Russia joined hands to setup bio refinery plant.
Explanation –
i) Tamilnadu agricultural university (TNAU) and Boreskov Institute of Catalyst (BIC) signed an agreement on 3rd january 2015. BIC is the Siberian branch of Russian academy of science. It will help develop the relation between the two countries. (To read India-Russia bilateral meet click here)
3. External commercial borrowing norms was eased by RBI.
Explanation –
i) Thursday on 1st January 2015 RBI relaxed certain rules for external commercial borrowing.
ii) In a communique it said now AD Category-I banks can levy charge on immovable assets, movable assets, financial securities and issue of corporate and / or personal guarantees in favor of overseas lender / security trustee, to secure the ECB to be raised / raised by the borrower.
iii) The underlying ECB must be in compliance with extant ECB guidelines. There should be a security clause in the Loan Agreement requiring the ECB borrower to create charge. A no objection certificate will have to be obtained from an existing domestic lender.
Appointments
4. Kiran Vadodaria became the president of Indian Newspaper Society (INS).
Explanation –
i) On the eve of 75th annual general meeting of INS Mr. Vadodaria was elected president for the year 2014-15.
ii) He works at Gujrati newspaper Sambhab Metro. Kiran Vadodaria will succeed Rvindra Kumar of Statesman.
Sports
5. Kumar Sangakkara becomes the fastest cricketer to score 12000 runs in test cricket.
Explanation –
i) In the ongoing test series between Srilanka and Newzealand played at Christchurch. Srilankan batsman Kumar Sangakkara reached another milestone. He became the fastest cricketer to reach 12000 runs mark.
ii) In his 224th innings he achieved this landmark. Previously this record was in the name of Sachin Tendulkar and Ricky Ponting. Both batsmen took 247 innings to reach the mark.