*CURRENT AFFAIRS (16:12:2014)

1).The 14th Finance Commission submitted its report to the President
on 15dec2014
-The commission headed by former RBI Governor Y.V.Reddy has been
constituted, the period for 1.4.2015 to 31.3.2020

2).Tehrik-i-Taliban Pakistan (TTP) terrorist org attack on a school in
Peshawar on 16dec2014 killing more than 130 people including a very
large number of school children

3).INS Arihant is the first nuclear- powered submarine manufactured
indigenously in India for its sea trials from Vishakhapatnam on
15dec2014

4).The 16dec2014 is Vijay Diwas (Victory Day)
-The 45th anniversary of the 1971 India-Pakistan war , this is first
war after World War-II that the Indian Army won conclusively

5).The Survey of India would soon begin work to map and survey Ganga
river at an estimated cost of Rs 542 crore that will determine the
sources of pollution along its basin

6).The availability of gutka and its consumption has reduced since the
banning of gutka by various states, the WHO said
-Assam, Bihar, Gujarat, Karnataka, MP, Maharashtra, Odisha and New Delhi

7).37-year-old Indian- American physician Vivek Hallegere Murthy has
been confirmed as the 19th Surgeon General of America
-He becomes the first Indian Americ an and young est ever Surge on
Gener al of the US.

8).To conserve and develop indigenous bovine breeds, government has
launched 'Rashtriya Gokul Mission' under the National Programme for
Bovine Breeding and Dairy Development (NPBBD)

9).RBI has increased the Real Time Gross Settlement (RTGS) business
hours to 12 hours from 8 am to 8 pm on weekdays