Page-3 of Current Affairs - August, 2013

Offshore markets affecting rupee fluctuations

August 27, 2013

The RBI stated in its annual report that the Non-Deliverable Forwards (NDF) markets are exerting more pressure on the onshore currency market, especially when rupee is under stress.  The rupee has nearly declined 21 % so far this fiscal. As ..

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Afghanistan permits SAIL to develop Hajigak assets in phases

August 26, 2013

Afghanistan conveyed the SAIL-led team that it did not have any objections to the $10.8 billion iron ore and steel plant project being developed in phases in Hajigak Mine. Where is Hajigak mine? Hajigak Mine is the best known and largest ..

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Asian currencies slide down on Fed signals

August 26, 2013

With the indication by the Federal Reserve Bank of the US that the central bank could start scaling back its stimulus as early as September 2013 various Asian currencies fell as a response to this. The rupee continued to depreciate ..

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Robert Mugabe takes oath as the President of Zimbabwe

August 26, 2013

Veteran leader Robert Mugabe took oath as Zimbabwe’s President for another 5 year term. The presidential elections in Zimbabwe were marred by controversy with the opposition leader Morgan Tsvangirai alleging that the election was flawed, with registration problems that may ..

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Top tech cos join hands to launch 'Internet.Org'

August 24, 2013

Seven of the world’s tech giants (Ericsson, MediaTek, Nokia, Opera, Qualcomm and Samsung) collaborated to launch Internet.org with an aim to make Internet access affordable for people across the globe. The initiative will be headed by Facebook Founder and CEO, Mark ..

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Bradley Manning sentenced to 35-year imprisonment

August 24, 2013

The U.S. soldier Bradley Manning was convicted of the biggest disclosure of classified data in the nation’s history by leaking files to WikiLeaks and was sentenced to 35 years in prison. Who is Bradley Manning? Bradley Manning is a United States Army soldier who was ..

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India urges U.S. to renew GSP scheme

August 24, 2013

India has expressed to the United States that it must issue an immediate renewal of the US Generalised System of Preferences (GSP) programme that expired on July 31, 2013. What is the importance of the Generalised System of Preferences (GSP) programme? The GSP ..

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Maharashtra govt. clears anti-superstition law

August 24, 2013

The Maharashtra government decided to promulgate an ordinance to enact a long-pending bill to uproot black magic, blind faith and superstitious beliefs. The step has come following the death of anti-superstition activist Narendra Dabholkar . A prime supporter of the law, Dabholkar was shot ..

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Ms Nishi Vasudeva becomes first woman recommended to head the Oil Company, HPCL

August 24, 2013

Ms Nishi Vasudeva has become the first woman to be selected as the head of the Navratna public sector unit, Hindustan Petroleum Corp Ltd (HPCL). Currently, she is the Director, Marketing, HPCL and will take over as the chairman and ..

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Portal launched to facilitate RTI application filing in all Govt Ministries

August 24, 2013

The government has launched a portal which will facilitate citizens to file RTI applications online in all central government ministries and departments. The web address of the portal is www.rtionline.gov.in The portal is a step to provide greater transparency in governance through ..

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