Page-221 of International / World Current Affairs

RBI inks MoU with State Bank of Vietnam

November 23, 2012

The RBI and the State Bank of Vietnam (SBV) concluded a Memorandum of Understanding (MoU) to encourage greater co-operation and sharing of supervisory information b/w the two supervisors. 

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Japan inks pact with India to import rare earth metals from India

November 20, 2012

India and Japan  inked a strategic agreement that will allow Japan to import rare earth minerals from India.  Why such a move by Japan?

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BP agrees to pay $4.5 billion in penalties for the Deepwater Horizon oil spill disaster

November 18, 2012

BP Plc will pay $4.5 billion in penalties and plead guilty to felony misconduct in the Deepwater Horizon disaster, which caused the worst US offshore oil spill ever. The settlement includes a $1.256 billion criminal fine, the largest such levy ..

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“Omnishambles” – word of the year by Oxford English Dictionary

November 17, 2012

"Omnishambles" has been named word of the year by the Oxford English Dictionary. The meaning of the word ‘Omnishambles’ is – a situation which is shambolic from every possible angle. The word was coined in 2009 by the writers of ..

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Indiaex-2012: US And Indian Navies Demonstrate Submarine Rescue Operations

November 16, 2012

INDIAEX 2012: The U.S. and Indian navies bilateral exercise. First time where the compatibility of a U.S. Navy’s Submarine Rescue Diving and Recompression System (SRDRS) with Indian navy submarines will be estimated. Objective: Demonstrating cooperation b/w the U.S. submarine rescue ..

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Greece’s economic depression deepens in 3rd quarter

November 16, 2012

Greece’s economic slump deepened in the 3rd quarter, with its O/P shrinking 7.2% on an annual basis as the debt-ridden country heads into its 6th year of depression.

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Gayatri Chakravorty Spivak honoured with Kyoto Prize

November 15, 2012

Gayatri Chakravorty Spivak Ms Spivak is amongst the recipients of this year’s Kyoto Prize. She won the award in the Arts and Philosophy category for her “deep thinking on humanities against intellectual colonialism in relation to globalisation”. About Gayatri Chakravorty ..

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U.K. halts further aid to India

November 13, 2012

Buckling under mounting domestic pressure, the British government declared stop to additional financial aid to India but all existent commitments until 2015 would be honored.  The move would save Britain over £200 million over the next three years. Britain’s new ..

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India set to join talks for creating “RCEP”, the largest trade bloc

November 13, 2012

Regional Comprehensive Economic Partnership (RCEP) = 16 Countries = 10 (ASEAN Countries) + 6 Others (China + Japan + South Korea + Australia + New Zealand + INDIA) India is set to join talks for creating the world’s largest trade ..

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Pakistan relaxes land route trade rules

November 12, 2012

Pakistan has moved nearer to conceding the promised most-favored nation status to India by the year-end by increasing the list of goods that can be traded via the Attari-Wagah border, a move that will enhance shipments across Punjab. Pakistan has ..

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