Page-2 of Current Affairs - April, 2012

Govt proposes a board for growth of auto sector

NAB: National Automative Board The government has finalized the proposal to set up NAB under the Department of Heavy Industry to support fresh initiatives for the growth of the automobile sector. NAB would be set up as an autonomous body ..

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Jan 16, 2012 troop movement was purely training drill: Govt

Discounting a media report on "non-notified" troop movement by army, the government informed Rajya Sabha that the exercise was undertaken for training purpose directed at refining mobilization drills and preparedness of the force. Defence Minister A K Antony held that ..

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India forecasts average monsoon rains this year

Earth Sciences Minister Vilasrao Deshmukh held that India is probable to experience average monsoon rains this year, thus forecasting a third straight year without drought. Deshmukh held that the rains during the June-September season are probable to be 99% of ..

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EC relaxes Model Code of Conduct ahead of June 12 by-polls

The EC (Election Commission) has settled to relax the Model Code of Conduct, on an experimental basis, by permitting partial implementation of developmental schemes in those districts where by-polls will be held on June 12, 2012.  Why this decision was ..

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Rural banks told to double home loan limit for priority sector

The RBI has demanded all RRBs (Regional Rural Banks) to double the limit for home loans to Rs 10 lakh from Rs 5 lakh for lending for the Priority Sector. The increment in the limit will be applicable for the ..

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PM inaugurates “Guru Gobind Singh Refinery” in Bathinda

Prime Minister Dr. Manmohan Singh inaugurates the “Guru Gobind Singh Refinery” at Bathinda in Punjab. Guru Gobind Singh Refinery (GGSR) is a refinery owned by Hindustan Mittal Energy Limited (HMEL) a joint venture between HPCL and Mittal Energy Limited, a ..

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3 day India-Nepal crafts festival begins in Nepal

In Nepal, a 3-day India-Nepal crafts festival began in the capital Kathmandu. Inaugurating the festival, Nepal’s President Dr. Ram Baran Yadav held that such a common platform which would help artisans in both Nepal and India.

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IOC signs pact with Nepal oil body

Nepal Oil Corporation (NOC) and Indian Oil Corporation (IOC) inked an agreement on the supply of petroleum products for the next 5 years. As per the agreement, IOC has agreed to waive off 2.5% Price Adjustment Factor, which includes refinery ..

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