DAILY GK UPDATE 3 April 2014 Top 10 Head line Of April

Union textiles minister Kavuri Sambasiva Rao resigned from the union cabinet to protest bifurcation of Andhra Pradesh.


Ex-Australia test batsman Marcus North says he will retire from first-class cricket to pursue business interests in Britain and to play limited stints in English county cricket.

Telecom service provider Bharti Airtel has become the second largest operator in Nigeria in terms of customer numbers, according to Nigerian Communications Commission (NCC), the market regulator.

India's aviation sector is among the world's fastest growing and as per estimates is set to witness 6.6 per cent annual compound growth over the next five years, according to a report.

West Indies' leg-spinner Samuel Badree has moved up a place to replace teammate Sunil Narine as the number-one ranked bowler in the latest Reliance ICC Player Ranking for T20I bowlers.

The US space agency -- NASA -- has suspended all contacts with its Russian counterpart Roscosmos except for ongoing activities aboard the International Space Station (ISS).

Britain will celebrate its annual "Armed Forces Day" in the historic city of Stirling in central Scotland in June, showcasing the nation's latest military development to veterans and visitors alike.

India and Nepal have agreed to take necessary measures to accelerate various Indian-aided projects by expeditiously resolving various obstacles.

International Monetary Fund chief Christine Lagarde has called for more public and private investment to close infrastructure gaps in countries like India.

Private sector output in India fell in March, after a fractional increase in the previous month amid moderation in domestic demand conditions, an HSBC survey has said.



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News From 2013 below
National Stock Exchange(NSE) launched Debt Trading Platform

National Stock Exchange, the Leading bourse on 11 May 2013 launched the country’s first dedicated debt trading platform. 
ii. The new Platform launched is awaiting the market regulator SEBI’s guidelines for allowing participation of mutual funds, insurance companies and pension funds.
iii. NSE had recently received approval from SEBI to launch the debt segment.

Function of the Debt Trading Platform

i. The debt trading platform is supposed to provide retail investors an opportunity to invest in corporate bonds on a liquid and transparent exchange platform. 
ii. Banks and primary dealers are the first to enter and they will provide enough liquidity in the debt segment.
iii. he mutual funds, insurance companies and pension funds are also expected to participate after guidelines for the same are issued. 

The Debt Trading exchange platform is an innovation, which has been launched after intensive feedback from market participants. It is similar to RBI’s NDS-OM, where Government securities are traded on a transparent platform

Gold coins bearing Sachin's face, signature launched

i. A limited edition Sachin Tendulkar gold coins, with the senior cricketer's face and signature embossed on them, were launched today on the auspicious day of 'Akshaya Tritiya'. 
ii. Valuemart Gold and Jewels launched one lakh Sachin Tendulkar gold coins, each weighing 10 grams
iii. The 24 karat gold coin is priced at Rs. 34,000 and will be available onvaluemartgold.com and leading jewellery stores across the country.
iv. The company had signed up Tendulkar as its brand ambassador for a three-year period in February this year.

Lalu Prasad hires 13 trains for his Patna rally

i. Indian Railways got a boost to its business, thanks to former railway minister Lalu Prasad, whose party Rashtriya Janata Dal, has hired 13 special trains to ferry workers and supporters to Patna for his Parivartan in Patna on May 15.
ii. Over the past week, the Rashtriya Janata Dal (RJD) chief and his top party leaders have been busy mobilising supporters to reach Patna for the rally by the special trains.
iii. "Please, come with sattu, litti-chokha, chura and gur, (all edible things) to the Parivartan (change) Rally in Patna.
iv. We will arrange free drinking water for all of you," Lalu Prasad has been appealing, in chaste Hindi, and sometimes in Bhojpuri and other local dialects.
v."RJD is paying Indian Railways for booking the special trains," RJD senior leader Ram Kirpal Yadav, considered close to Lalu Yadav, said. "The railways will earn a hefty amount for running the trains. It is not free of cost."

When Lalu was railway minister in 2007, the RJD booked 35 trains for his Chetawani (warning) Rally in Patna.  

 Moyes to replace Ferguson as ManU boss

i. Manchester United handed David Moyes one of the most coveted and toughest jobs in world football - replacing Alex Ferguson as manager of the 20-time English champions.
ii. The 50 year-old Moyes is leaving Everton to replace Ferguson, who announced yesterday that he is retiring after nearly 27 years at Old Trafford.
iii. United said Moyes was given a six-year deal and will take charge of the newly crowned Premier League champions from 1st July.
iv. Moyes is replacing the most successful manager in British football history, with Ferguson producing 13 of United's 20 English titles and a string of other titles, including three European Cups.

Serena & Nadal wins Madrid Open

i. Serena Williams retained her Madrid Open title on Sunday with a devastating display to beat world number two Maria Sharapova 6-1, 6-4.
ii. The title is Williams' 50th of her singles career and extends her amazing run over Sharapova who she hasn't lost to in 12 meetings since 2004.
iii. In the Men's Singles title clash of the Madrid Open World Number Five Nadal defeated Swiss Stanislas Wawrinka, in straight sets, 6-2, 6-4.
iv. Spain's Rafael Nadal has clinched his fifth title in seven tournaments since returning from a seven-month knee injury layoff.   

Rajasthan Royal beat CSK by 5 wickets

i. Rajasthan Royals beat Chennai Super Kings by five wickets in their IPL match which was held in Jaipur on Sunday.
ii. Chasing 142 for a win, Rajasthan lost three wickets -- Ajinkya Rahane (9), James Faulkner (1) and Sanju Samson (0) -- inside five overs before Watson played a blistering knock of 70 from just 34 balls with the help of six fours and as many sixes to end the match in dramatic fashion with 17 balls to spare.
iii. Stuart Binny, who chipped in with a 23-ball unbeaten 41, ended the match in style with a six off Ravindra Jadeja as Rajasthan reached 144 for five in 17.1 overs.
iv. Rajasthan also kept intact their unbeaten record at home this season. They ended their home matches on Sunday with an all-win record, the first team to do so this season.

Barcelona win Spanish title for 22nd time

i. Barcelona's fourth La Liga title in five seasons - and the 22nd of their history - was confirmed after Real Madrid could only manage a 1-1 draw with Espanyol.
ii. Espanyol took advantage of Jose Mourinho resting a host of first team players in the first half ahead of Real's Copa del Rey final with Atletico Madrid on Friday.
iii. However, after the introduction of Cristiano Ronaldo in the second-half, Madrid rallied and were level when Gonzalo Higuain flicked home Luka Modric's free-kick just before the hour mark.

Alonso thrills Spain with stylish win

i. Two-time champion Fernando Alonso thrilled a massive 95,000 flag-waving home crowd on Sunday when he drove his Ferrari to a dominant victory at the Spanish Grand Prix.
ii. It was the Spaniard's second win of the season, in five races, and the 32nd win of his career - a triumph that endorsed his challenge for a third drivers' title on an afternoon of Spanish supremacy at the Circuit de Catalunya.
iii. Driving with great aplomb, Alonso delivered a beautifully-judged performance to win a tactical contest dominated by tyre-wear management, finishing 9.338 seconds ahead of second placed Finn Kimi Raikkonen of Lotus.
iv. Alonso's Ferrari team-mate Brazilian Felipe Massa started from ninth, but finished third ahead of defending triple world champion Sebastian Vettel and his Red Bull team-mate Mark Webber.

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