Page-10 of Current Affairs - December, 2011
Government to Provide Fresh Equity to SBI
After the rating of SBI were downgraded by Moody’s citing rising stress on the loan portfolio and capital constraints. The Government of India is set to provide funds to the largest public sector Bank of India. The Government says that ..
Month: Current Affairs - December, 2011
Toxic Sindoor classified as Cosmetic
Vermilion or Cinnabar or China Red is Mercuric sulfide or HgS. Like most mercury compounds it is considered toxic. Vermilion is now produced by reacting mercury with molten sulfur. Recently, the Drug Technical Advisory Board has decided to regulate the ..
Month: Current Affairs - December, 2011
World Bank Doing Business 2012 Report: Top Rankers
Singapore remained the world’s easiest place to do business for the sixth straight year in the World Bank’s “Doing Business” report, while Morocco showed the most improvement in pro-business reforms. The top 10 countries are Singapore, Hong Kong (China), New ..
Month: Current Affairs - December, 2011
Property transaction Norms for NRIs, eased by RBI
The Reserve Bank of India (RBI) recently allowed Indians who have non-resident accounts in India to hold them in any currency which is fully convertible. This decision by RBI is likely to assist NRIs/PIOs (Persons of Indian Origin) as it ..
Month: Current Affairs - December, 2011
Indian Companies can now acquire assets abroad
Recently the cabinet approved a policy to enable profit making state-run firms to acquire assets oversees. The new policy also seeks to enhance the power of Maharatna and Navartna companies and provide greater autonomy for acquiring raw material assets abroad. ..
Month: Current Affairs - December, 2011
Switzerland: 125th Assembly of the Inter-Parliamentary Union at Bern
The 125th Assembly of the Inter Parliamentary Union was held at Bern, Switzerland from October 16, 2011 to October 19, 2011. Bern was also the headquarters of the IPU from 1892 to 1911. What is The Inter-Parliamentary Union (IPU)? The ..
Month: Current Affairs - December, 2011
Ukraine: Yulia Tymoshenko sentenced to 7 years Jail
Former Prime Minister of Ukraine, Yulia Tymoshenko, 50, was recently was sentenced to seven years in prison for abuse of office. Some vital facts: Born in November 1960, Tymoshenko shot to fame when she helped lead the “Orange Revolution” street ..
Month: Current Affairs - December, 2011
United States : Sarah Palin says NO for Republican Nomination
Recently, Former Alaska governor Sarah Palin made a statement that she would not seek the Republican nomination for president of the United States. The 2008 Republican vice presidential candidate, Palin was the second woman to run for U.S. vice president ..