​Justice Amitava Roy, who was part of the two-judge SC bench that convicted Sasikala and others on February 14, was rather harsh in his Supplementary Verdict. Read on:  

“A few disquieting thoughts that have lingered and languished in distressed silence in mentation demand expression at the parting with a pulpit touch. Hence, this supplement.

The attendant facts and circumstances encountered as above, demonstrate a deep rooted conspiratorial design to amass vast assets without any compunction and hold the same through shell entities to cover up the sinister trail of such illicit acquisitions and deceive and delude the process of law. Novelty in the outrages and the magnitude of the nefarious gains as demonstrated by the revelations in the case are, to say the least, startling.

A growing impression in contemporary existence seems to acknowledge, the all pervading pestilent presence of corruption almost in every walk of life, as if to rest reconciled to the octopoid stranglehold of this malaise with helpless awe. The common day experiences indeed do introduce one with unfailing regularity, the variegated cancerous concoctions of corruption with fearless impunity gnawing into the frame and fabric of the nation’s essential. Emboldened by the lucrative yields of such malignant materialism, the perpetrators of this malady have tightened their noose on the societal psyche. Individual and collective pursuits with curative interventions at all levels are thus indispensable to deliver the civil order from the asphyxiating snare of this escalating venality.

Video Blog trial on Comprehension as well as prep for GD. Do leave feedback if you like the idea.

Watch the video and then answer the following questions, without going back to the video. If you cannot, then revisit the video and answer them now. And appreciate how comprehension is better when you are questioning everything you learn/read.

1. What economic goal does “banking black money using poor people and giving them a cut” serve?

Browse the net and find atleast 5 major goals of economic policies and discuss in comments. (There are many readings, one is here)

2. What analogy does Prof. Bhagwati offer to Barkha’s objection that using the above mentioned means (banking black money using poor people), the culprits are being let off.

The entire video can be accessed here.

  • AT&T Inc on 22 October 2016 agreed to buy Time Warner Inc for 85.4 billion US dollars in a deal that will transform the phone company into a media giant.

  • Russia’s Rosneft Oil Company and its partners on 15 October 2016 acquired India’s second biggest private oil firm Essar Oil in an all-cash deal valued at about 13 billion US dollars.
  • Anil Ambani-led Reliance Communications and Maxis Communications Berhad (MCB), promoters of Aircel, on 14 September 2016 agreed to merge their wireless businesses to form the fourth-largest telecom operator in the country.
  • Sony Pictures Networks India on 31 August 2016 announced the acquisition of sports broadcasting business of Zee Entertainment for 385 million US dollar in an all-cash deal.
  • Unilever, the parent company of Hindustan Unilever (HUL), on 16 August 2016 acquired Swedish firm Blueair for an undisclosed sum. Blueair is a leading player in mobile air purification technology.
  • Flipkart Ltd on 26 July 2016 acquired online fashion portal Jabong through its unit Myntra in a move to maintain its position as the market leader.
  • Japan’s Softbank on 18 July 2016 agreed to acquire ARM Holdings, the U.K. based semiconductor firm, in a deal worth more than 32 billion US dollar.
  • Yatra Online, Inc. and Terrapin 3 Acquisition Corporation on 14 July 2016 entered into a definitive merger agreement. The transaction values Yatra at an enterprise value of 218 million dollars (1458 crore rupees).
  • IDFC Bank on 12 July 2016 signed a share purchase agreement to completely acquire South India-based lender Grama Vidiyal Micro Finance Ltd. for an undisclosed amount.
  • Search Giant Google on 6 July 2016 acquired Moodstocks, a startup based out of Paris that develops machine-learning based image recognition technology for smartphones.
  • Aditya Birla Fashion and Retail (ABFRL) on 5 July 2016 acquired global clothing brand Forever 21 in the Indian market for 26 million US dollars.
  • Technology services provider Tech Mahindra Ltd (TechM) on 22 June 2016 acquired UK-based digital transformation firm The BIO Agency Ltd. The acquisition was carried out in an all-cash deal for an enterprise value of up to 45 million pounds.
  • Microsoft Corporation  on 13 June 2016 announced that they  will acquire LinkedIn for 196 dollar per share in an all-cash transaction valued at 26.2 billion dollar.
  • Tata Power Co. Ltd on 12 June 2016 agreed to acquire renewable energy company Welspun Renewables Energy Pvt. Ltd.
  • JK Tyre and Industries Ltd on 18 April 2016 announced that it had completed the acquisition of tyre, tube and flap maker Cavendish Industries, a unit of Kesoram Industries Ltd, for 2195 crore rupees. Kesoram Industries is a B.K. Birla Group company.
  • Future Group in the first week of April 2016 acquired Rocket Internet’s online furniture platform FabFurnish for 20 crores rupees. It is the Future Group’s first acquisition of an e-commerce portal.
  • Blackstone India, the Indian arm of global private equity fund Blackstone Group on 4 April 2016 entered into a definitive agreement with Hewlett Packard Enterprise to buy a majority stake in Mphasis Limited.
  • E-commerce giant Flipkart on 1 April 2016 announced that it has acquired payments start-up PhonePe Internet Pvt. Ltd.
  • NTT Data, Inc. and Dell Inc. on 28 March 2016 announced that they have entered into a definitive agreement for NTT Data to acquire Dell Services.
  • Tata Power Renewable Energy Limited (TPREL), a wholly owned subsidiary of Tata Power, on 9 March 2016 signed a Share Purchase Agreement (SPA) with Indo Rama Renewables Limited (IRRL) to acquire its 100% subsidiary Indo Rama Renewables Jath Limited (IRRJL). IRRJL owns a 30 MW wind farm in Sangli District of Maharashtra.
  • Drug major Lupin on 9 March 2016 announced completion of the acquisition of privately held US-based GAVIS Pharmaceuticals LLC and Novel Laboratories (GAVIS).
  • UltraTech Cement Limited on 28 February 2016 entered into a binding Memorandum of Understanding (MoU) with Jaiprakash Associates Limited for the acquisition of its identified cement plants for an enterprise value of 16500 crore rupees.
  • Wipro on 11 February 2016 announced signing of a definitive agreement to acquire HealthPlan Services from Water Street Healthcare Partners. Wipro will acquire 100 per cent of HealthPlan Services’ shares for a purchase consideration of 460 million US dollars.
  • Cognizant Technology Solutions on 27 January 2016 acquired the privately-held KBACE Technologies Inc., a US-based global consulting and technology services company specialising in cloud strategy, implementation and integration.
  • Mindtree on 18 January 2016 signed a definitive agreement to acquire Magnet 360, a Salesforce Platinum consulting partner. It was a deal to accelerate leadership in cloud computing and digital transformation.
  • Quikr on 7 January 2016 announced acquisition of the property search website Commonfloor.com for an undisclosed amount in a majority stock-swap transaction.
  • Nokia Corporation on 5 January 2016 announced that it completed the regulatory formalities for acquiring the French telecom equipment company Alca-Lucent. The deal, worth 15.6 billion euro, was signed in 2014 and later approved by the European Commission.
  • Leading automobile manufacturer Volvo Group on 5 January 2016 announced the merger of its bus manufacturing arm Volvo Buses India and joint company Mergers and Acquisitions(VIPL).

1.Who has been elected as the new Secretary General of the United Nations?
Answer: Antonio Guterres

2. Which State is declared as the first organic farming state of India?
Answer: Sikkim

3. Venue for 2016 Olympics ?
Answer: Rio de Janeiro, Brazil

4. UN Observes 2016 as ________?
Answer: International Year of Pulses

5 . Who was recently appointed as Chairman of Competition Commission of India?
Answer: Devender Kumar Sikri

6. What is the full form for ASBA that was recently in news ?
Answer: Application Supported by Blocked Amount (Introduced by SEBI for applying to IPO – initial public offers )

7. Who will be the chief guest at 2016 Republic day parade?
Answer: French President Francois Hollande

8.Who is the First Lady chief minister in jammu and kashmir?
Answer: Mehbooba Mufti Sayeed

9. First railway university will be in which state?
Answer: Gujarat( Vadodara )

10. Who is the Vice Chairman of NITI Aayog ( National Institution for Transforming India)?
Answer : Arvind Panagariya

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Men’s Singles Title:

Stan Wawrinka from Switzerland has won the 2016 US Open men’s singles title. This is Wawrinka’s maiden US Open title and his third major title. In the final match, he defeated Novak Djokovic from Serbia by 6-7, 6-4, 7-5 and 6-3 score

Women’s Singles Title: 

Angelique Kerber from Germany has won the 2016 US Open women’s singles title. In the final match she defeated Karolína Plíšková of Czech Republic by 6–3, 4–6, 6–4 score.

Men’s Doubles Title:

Jamie Murray (United Kingdom) and Bruno Soares (Brazil) won the 2016 US Open men’s doubles title. In the final match, they defeated Spanish pair of Pablo Carreño Busta and Guillermo García-López by 6–2, 6–3 score.

Women’s Doubles Title:

Bethanie Mattek-Sands of the United States and Lucie Safarova of the Czech Republic won the U.S. Open women’s doubles title for their third Grand Slam trophy as a pair, beating the top-seeded French team of Caroline Garcia and Kristina Mladenovic 2-6, 7-6 (5), 6-4

Mixed Doubles Title:

Mate Pavic of Croatia and Laura Siegemund of Germany won the US Open mixed doubles championship in their first tournament together, beating the American duo of Rajeev Ram and CoCo Vandeweghe 6-4, 6-4

Winners of 2016 Wimbledon Championship Tittles of Tennis

Men’s Singles Title:

Britain’s Andy Murray won the 2016 Wimbledon title in men’s singles category. It was his second Wimbledon title after he had won it for the first time in 2013. In the final match, he defeated Canada’s Milos Raonic.

Women’s Singles Title:

Serena Williams of United States has won 2016 Wimbledon title in women’s singles category. In the final match played she defeated Germany’s Angelique Kerber. It is Williams’ seventh Women’s Singles Wimbledon title (2002, 2003, 2009, 2010, 2012 and 2015) and overall 22nd Grand Slam title.
Note: She equals the records of Steffi Graf for winning highest numbers of Grand Slams.

Women’s Doubles Title:

US pair of Serena Williams and Venus Williams won the 2016 Wimbledon title in the women’s doubles category. They defeated Tímea Babos (Hungary) and Yaroslava Shvedova (Kazakhstan) pair.

Men’s Doubles Title:

French pair of Pierre-Hugues Herbert and Nicolas Mahut won the 2016 Wimbledon title in the men’s doubles category. In the final match, they defeated French pair Julien Benneteau and Édouard Roger-Vasselin.

Mixed Doubles Title:

Henri Kontinen (Finland) and Heather Watson (United Kingdom) pair won the 2016 Wimbledon title in the mixed doubles category. They defeated Robert Farah (Colombia) and Anna-Lena Grönefeld (Germany).

Business & International:

  • India became the 35th full member of the Missile Technology Control Regime (MTCR), an exclusive club of countries controlling exports in missile technology.
  • British people voted to leave the European Union by referendum showed a near 52-­48 percent split.
  • Microsoft Corporation agreed to buy LinkedIn Corp for $26.2 billion in cash.
  • India became the tenth largest recipient of foreign direct investment in 2015 in the world, grossing $44 billion following a series of reforms by the government, as per the latest World Investment Report released by the United Nations Conference on Trade and Development (UNCTAD).
  • According to this report, Top 10 Countries are: United States, Hong Kong, China, Ireland, Netherlands, Switzerland, Singapore, Brazil, Canada and India.
  • The International Day of Yoga (IDY) is observed on June 21 every year to spread awareness about yoga. The 2016 theme is “Connect the Youth”.
  • The Union Human Resource Ministry has selected Microsoft as their technical partner for it’s “SWAYAM” platform to launch 2,000 massive open online courses for about three crore students.
  • In 2016 World Press Freedom Index (WPFI), India ranked 133rd out of 180 nations surveyed worldwide in terms of press freedom in 2015. Finland retains its first position for the sixth consecutive year.
  • India has been ranked 4th out of 167 countries in the 2016 Global Slavery Index. The list is topped by North Korea, followed by Uzbekistan, Cambodia, India and Qatar.
  • World Environment Day (WED) is observed every year on June 5 to raise global awareness to take positive environmental action to protect nature and the planet Earth. This year’s theme for World Environment Day is ‘Join the race to make the world a better place’.
  • The world’s longest and deepest rail tunnel has officially opened in Switzerland. It is a 57km (35­mile) twin­bore Gotthard base tunnel will provide a high­ speed rail link under the Swiss Alps between northern and southern Europe.

National: 

  • Union Government approves 7th pay commissions. Salaries and pensions for former and current central government employees will go up by  23.5 percent.
  • The Asian Development Bank (ADB) has approved a 500 million dollars loan to build a bridge across the Ganga River in Bihar. The loan funds will be used to build 9.8 km road bridge in Bihar on the Ganga River. On completion of the project it will be the India’s longest river bridge.
  • Prime Minister Narendra Modi launched the center’s flagship Smart City mission in 20 cities across the country from Pune, involving 83 projects in the country.
  • The Indian Space Research Organisation (ISRO) has successfully launched a record 20 satellites in a single mission from the Satish Dhawan Space Centre at Sriharikota, Andhra Pradesh. The Polar Satellite Launch Vehicle (PSLV) C-34 has carried India’s latest earth observation satellite Cartosat-2 along with 19 co-passengers.
  • Union Government relaxed Foreign Direct Investment policies and approved 100% FDI in the sectors such as Defence and Civil aviation.
  • India’s first women fighter pilots were commissioned in the Indian Air Force today. Flying cadets Bhawana Kath, Avani Chatuvedi and Mohana Singh are the first batch of female pilots inducted in an IAF fighter squadron.
  • A 0.5 per cent Krishi Kalyan Cess (KKC) wil be applied on all services which will increases the total tax chargeable on services to 15 per cent.

Award:

  • South Korean author, Han Kang, has won the 2016 Man Booker International Prize for her novel ‘The Vegetarian’. The Vegetarian, a novel about a woman who “wants to reject human brutality” and gives up eating meat.
  • Indian movie ‘The Violin Player’ has won the Best Feature Film at the 37th Durban International Film Festival.
  • IIFA awards 2016 held at Spain. Ranveer Singh has won the best actor award for Bajirao Mastani, Deepika Padukone bagged the best actress award for her performance in Piku. Best movie award given to Bajrangi Bhaijaan.
  • At the 88th Academy Awards, “Spotlight,” the film about the Boston Globe’s investigation into priest abuse, won for best picture.

Sports:

  • World Number One tennis player Novak Djokovic from Serbia has won the 2016 French Open title in the men’s singles category. In the final match, Djokovic defeated Britain’s Andy Murray.
  • Leander Paes (India) and Martina Hingis (Switzerland) pair won the Mixed doubles title of 2016 French Open. In the final, they defeated Sania Mirza (India) and Ivan Dodig (Croatia) pair.
  • Garbine Muguruza (Spain) won the Women’s singles title of 2016 French Open. In the final she defeated Serena Williams (United States).
  • Indian shuttler Saina Nehwal defeat Sun Yu of China 11­-21, 21-­14, 21­-19 in the final to clinch the Australian Open Super Series Badminton title 2016.
  • The Chile national football team has won the 2016 Copa America Football tournament by defeating Argentina in a penalty shootout at New Jersey, United States.
  • Anil Kumble has been appointed as coach for the Indian Cricket team for next one year.
  • The Afghanistan Cricket Board has named former India batsman Lalchand Rajput as the new head coach of their national team.
  • Indian hockey team settle for a silver medal in the 36th Hero Champions Trophy as they lost the final 1-­3 against World Champions Australia in penalty shootout.
  • Lewis Hamilton, a British Formula One racing driver from England and racing for the Mercedes AMG Petronas team, has won the 2016 Formula 1 Canadian Grand Prix.
  • KL Rahul became the first Indian batsman to hit a century on ODI debut as India as he scores the hundred in the first One-Day International in Harare against Zimbabwe.

Persons in News:

  • Peter Thomson (Fiji) was elected as the President of the 71st edition of the United Nations General Assembly (UNGA) during June 2016.
  • Olympic champion Abhinav Bindra chosen as the flag­ bearer of the Indian contingent at the Rio Games‘ opening ceremony.
  • N S Vishwanathan has been appointed as the new Deputy Governor of the Reserve Bank of India (RBI). He will succeed HR Khan, who will superannuate on July 3, 2016.
  • Chetan Chauhan was appointment as Chairperson of the premier National Institute of Fashion Technology (NIFT) by the Union Government.
  • Sunil Bharti Mittal, Founder and Chairman, Bharti Enterprises has been elected as the Chairman of the International Chamber of Commerce (ICC).
  • Nokia has appointed Sanjay Malik as Head of India market, effective 1 August 2016.
  • Argentina footbal star Lionel Messi announce his retirement from international football.
  • Maria Sharapova has been suspended for two years by the International Tennis Federation for testing positive at the Australian Open in January 2016.
  • Malaysian shuttler Lee Chong Wei and Chinese Taipei’s Tai Tzu Ying won the men’s singles and women’s singles titles respectively in the Indonesia Open Superseries.
  • All time Boxing great Muhammad Ali died at the age of 74 in an Arizona hospital.
  • Nita Ambani has been nominated as a candidate in the International Olympic Committee (IOC).

Important Days in June:

  • 1st June : World Milk Day (FAO)
  • 5th June : World Environment Day
  • 8th June :  World Oceans Day
  • 12th June : World Day Against Child Labour / Child Labour Prohibition Day
  • 14th June : World Blood Donor Day
  • 20th June : World Refugee Day
  • 21st June : International Day of Yoga
  • 23rd June : United Nations Public Service Day
  • 26th June : International Day Against Drug Abuse and Illicit Trafficking
  • 29th June : National Statistics Day

French Open 2016 Winners List

Men’s Singles Title

World Number One tennis player Novak Djokovic from Serbia has won the 2016 French Open title in the men’s singles category.

  • In the final match, Djokovic defeated Britain’s Andy Murray by 3-6, 6-1, 6-2, 6-4.
  • It is his first French Open title and completed the career Grand Slam.
  • It was Djokovic’s 12th major title and he is only the third man after Don Budge and Rod Laver to hold the four majors at the same time, and the eighth man to triumph at Wimbledon and the French, U.S. and Australian Opens.

Women’s Singles Title

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