Current Affairs – January, 2015

Latest Current Affairs January, 2015 with Current Affairs, news summary on current events of National and International importance of January, 2015 for Banking, SSC, CLAT, UPSC, State PCS, IBPS, Railways and other Competitive Examinations.

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Saraswathi Menon named on Panel to Review UN Peace-Building Architecture

Saraswathi Menon, an eminent Indian academician has been named on advisory panel to Review UN Peace-Building Architecture.

She is among seven experts nominated by UN Secretary-General Ban Ki-moon to conduct a policy and institutional review on UN’s peace-building architecture and make recommendations.

The other 6 experts are: Anis Bajwa (Pakistan), Funmi Olonisakin (Nigeria), Sahel Sahara Ahmedou Ould-Abdallah (Mauritania), Charles Petrie­ (France), Gert Rosenthal (Guatemala) and Edith Grace Ssempala (Uganda).

7 expert’s advisory group function:

  • It will undertake studies in countries like Burundi, Central African Republic, Sierra Leone, South Sudan, and Timor-Leste in order to conduct a policy and institutional review of the UN peace-building architecture.
  • It will also develop findings and recommendations based on this work.
  • The group will submit a report to the General Assembly and the Security Council for further consideration through an inter-governmental process.


Earlier in December 2014, the Presidents of the UN General Assembly and the Security Council had asked the Secretary-General to nominate up to seven experts to form an Advisory Group on the review of the peace-building architecture.

About Saraswathi Menon

  • She is former Director of the Policy Division in UN-Women and has extensive experience as a researcher and academician as well as in the UN system.
  • Earlier she was Director of UN Development Programme’s (UNDP) Evaluation Office.
  • Her UN career includes experience in both policy and programme areas. She has served in UNDP as Resident Coordinator, Deputy Resident Representative in various countries.
  • Before joining the UNDP, she was lecturer in sociology at the Madras University, Tamil Nadu.

SBI signs 100 mn euro loan pact with EIB

India’s largest bank State Bank of India (SBI), has signed a loan agreement for 100 million euro (about Rs 700 crore) with European Investment Bank (EIB).

This agreement was facilitated by SBI Capital Markets, a subsidiary of SBI.

It is the third tranche of a total sanctioned loan of 200 million euro by EIB to SBI for lending it to private businesses in the country.

SBI will utilize this loan to support the development of private sector in country in particular for small and medium-sized enterprises (SMEs). It will be also utilized social and economic infrastructure as well as climate change mitigation and adaptation.

Earlier on 25 June and 28 November 2014, first tranche of Euro 55 and second tranche of Euro 45 million was signed between both banks.