*CURRENT AFFAIRS (13:03:2014)

1. The US Food and Drug Administration (FDA) imposes ban on imports
from India's Sun Pharmaceutical's Karkhadi plant in Gujarat.
-FDA has issued "import alert" i.e detention without physical
examination of drugs from Sun Pharma on the ground of not meeting its
good manufacturing practices
-Sun Pharmaceutical is India's biggest drugmaker by value
US FDA has already banned imports from all plants of Ranbaxy Pharma
(India's No.1 drugmaker by sales) some plants of Wockhardt pharma
(also by UK)
-India is second (1st - Canada) largest drug exporter to US (40% of
generic and over-the-counter drugs)
2. Rakesh Sethi appointed new CMD (chairman and managing director) of
Kolkata Headquartered Allahabad Bank
- He succeeds Shubhalakshmi Panse
3. National Community Radio Awards 2014 (3rd such award) presented by
Ministry of Information and Broadcasting.
-instituted by the Ministry of Information and Broadcasting in 2012 to
promote better programming on Community Radio Stations
-given in 5 categories : 1) Most creative /Innovative Programme
Content Awards 2) Thematic Awards 3) Community Engagement Awards 4)
Promoting Local Culture Awards 5) Sustainability Model Award
4. Election Commission Data : Average number of Contestants per Lok
Sabha seat increased to a high of 25 (approx.) in 1996 General
Elections from an low of 4 in first ever 1952 Elections.
-In 2009 General Elections it was 15.
5. India's largest civil aviation exhibition, India Aviation-2014
(International Exhibition & Conference on Civil Aviation) inaugurated
at Begumpet Airport, Hyderabad.
-This is the 4th year of the exhibition
6. Supreme Court asks Law Commission to go into the issue of "Hate
Speeches" (made by political / religious leaders) and frame guidelines
to curb and regulate it.
7. The National Archives of India celebrated 124th Foundation Day on
11 March 2014 (founded on 11th March 1891 as Imperial Records
Department at Imperial Secretariat Building, Calcutta)
-National Archive : "repository of non-current records of permanent
value of Government of India
-G.W.Forrest was the First Officer incharge of the Department.
-Two exhibitions are part of the celebrations : 1) "Commemorating 100
years of Ghadar Party (1913-2013)" and 2) "1913: The Historic
Transvaal March - 100 years"
8. Forbes' America's most powerful CEOs under the age of 40 List - two
Indians Hari K Ravichandran (Rank 19) and Ashish Pandey (Rank 20) are
in the list.
-Hari K Ravichandran is the Founder CEO of Endurance International
Group (a Website hosting company) while Ashish Pandey is the CEO
Altisource Asset Management (AAMC) , an asset management firm.
-the list of 20 CEOs ranks the head of publicly-tradedcompanies with
the highest market capitalisations
-List : 1st) Larry Page (3rd consecutive year): Google CEO and
co-founder 2) Mark Zuckerberg : Facebook founder (also the youngest in
the list (29 years) 3) Marissa Mayer (2nd consecutive year) : CEO
Yahoo (only woman in the list)
9. China to liberalise its Banking Sector by allowing Private Banks
(Banks run by private companies).
-5 banks will be set up first on trial basis and will focus on SME
(small and medium enterprises) sector
-China is also considering loosening control over Bank's Deposit rates
-These reforms are meant to counter strong competition to state run
banks by booming Online Finance Industry which is offering better rate
(interest income ) and more flexibility.
-India has also moved in this direction and may soon issue licenses to
private players to run bank
10. Libya's Prime Minister Ali Zeidan (first PM after 2012 overthrow
of Gaddafi) removed by its Parliament (General National Congress)
following defeat in No-confidence motion.
-Defence Minister Abdullah al-Thinni has been named acting/ interim PM
-He was ousted following alleged inability to control the rebels in
Eastern part of country who have taken control of Oil ports and are
independently exporting oils to other countries.
. The immediate reason was escape of an oil tanker from rebel
controlled Al-Sidra port carrying rebel oil to North Korea despite
alertness of its Navy.
-Zeidan regime was not able to reign and disarm militias which have
carved out their own fiefdoms since the NATO-backed uprising that
ended the 42-year rule of Muammar Gaddafi in 2011. He himself was
briefly abducted by an armed group in the heart of the capital,
Tripoli in Oct13.
-Rebels are demanding a bigger share of oil revenue and political
autonomy in the east and seized three ports last summer and partly
control a fourth.
-PM Zeidan has fled the country following a travel ban on him owing to
his suspected involvement in the embezzlement of public funds