*CURRENT AFFAIRS (04:04:2014)

1. Hindustan Aeronautics Ltd (HAL) has been awarded the Most Efficient
Navratna Award for the year 2013.
- The awards recognize the significant contribution and performance of
various PSUs in the country.
- At present there are 14 Central Public Sector Enterprises (CPSEs)
which have been designated as Navratnas by the Department of
Industrial Policy and Promotion (DIPP) under the Union Ministry of
Heavy Industries and Public Enterprises.
2. ISRO to launch IRNSS 1B - 2nd of the 7 satellites constituting the
Indian Regional Navigational Satellite System (IRNSS) - the Indian
equivalent of Global Positioning System of the US.
- The satellite, to be launched from Satish Dhawan Space Centre at
Sriharikota, is expected to have a mission life of 10 years.
3. RBI replaces Wholesale Price Index (WPI) with Consumer Price Index
(CPI) as the measure of inflation
- The step is in sync with the suggestion of Urjit R Patel Committee
that claimed CPI to be a better measure of inflation as it reflects
the correct cost of living.
4. DK Pathak becomes the new Director General of the Border Security
Force (BSF).
- He, given a tenure till 2016, succeeds Subhash Joshi as such.
- BSF is tasked with maintaining peacetime security and law & order at
our international borders.
5. World observes "International Day for Mine Awareness and Assistance
in Mine Action" on April 4.