Daily Current Affairs: 07 October 2014

1) Karnataka HC rejected Jayalalithaa bail plea: In yet another setback to AIADMK general secretary Jayalalithaa, the Karnataka High Court on Tuesday refused to release her on bail and rejected her plea for suspending the four-year prison sentence imposed by the trial court on September 27 in the disproportionate assets case. The court also rejected similar pleas of the other convicts in the case — V.K. Sasikala, V.N. Sudhakaran and J. Elavarasi. Ms. Jayalalithaa and others may now have to move the Supreme Court for bail. The court adjourned the hearing of the appeal to October 24. The court’s rejection of bail came despite Special Public Prosecutor G. Bhavani Singh telling the Court that “he has no objection for the release of the convicts on conditional bail.” Justice A.V. Chandrashekara said in his order that “no ground has been made out” by the convicts for suspending the sentence.

2) 2014 Nobel Prize for Physics announced: 2014 Nobel Prize for Physics goes to Japanese Isamu Akasaki and Hiroshi Amano alongwith Shuji Nakamura (US) for their invention of efficient blue light-emitting diodes (LED) which has enabled bright and energy-saving white light sources. Read details>>http://goo.gl/CqtURg

3) President Presents Lal Bahadur Shastri National Award for excellence in Public Administration, Academics and Management: The President of India, Shri Pranab Mukherjee presented the Lal Bahadur Shastri National Award for Excellence in Public Administration, Academics and Management for the year 2014 to Dr. Apathukatha Sivathanu Pillai at Rashtrapati Bhavan on 07.10.2014. Speaking on the occasion, the President said, the annual Award for excellence in Public Administration, Academics and management was an occasion to remember the values and ideals of Shastriji.

4) Michael Phelps banned for six months, no 2015 worlds:  Michael Phelps, the 18-time Olympic swim champion arrested last week for drunk driving, was banned for six months by USA Swimming and dropped from the 2015 World Championships. Monday's punishments came six days after Phelps was apprehended by police in his hometown of Baltimore and charged with driving under the influence of alcohol, excessive speed and crossing the center line while driving inside a tunnel.

5) Nokia to shut down Chennai plant on November 1: Telecom gear maker Nokia said that it will shut down its Chennai plant from November 1 as Microsoft has terminated mobile purchase agreement from the the factory and it is left with no business. "Microsoft has informed Nokia that it will be terminating the manufacturing services defined in the agreement with effect from 1 November 2014. In absence of further orders from Microsoft, Nokia will suspend handset production at the Sriperumbudur facility from 1st November," Nokia said in a statement.