Page-16 of Current Affairs - December, 2012

DeiTy (India) to impose its own standard for electronic products

December 15, 2012

The Department of Electronics and Information Technology (DeiTy) has made it mandatory for all electronics goods manufacturer in the country to get standard compliant certificate from the BIS. Applicable for electronic products imported or manufactured after April 2013. Objective: To ..

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US extends Iran sanction waivers to India, others

December 15, 2012

The US announced the extension of its waiver exempting nine countries including India, China from the American sanctions regime directed against the Iranian oil trade. India got the waiver as it had significantly reduced the crude export from Iran. Previous ..

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Lok Sabha approves Enforcement of Security Interest and Recovery of Debts Laws (Amendment) Bill, 2011

December 15, 2012

Lok Sabha approved Enforcement of Security Interest and Recovery of Debts Laws (Amendment) Bill, 2011 which seeks to change the system of debt recovery. The Bill seeks to convert any part of debt of a defaulting company into shares by ..

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European Union receives 2012 Nobel Peace Prize

December 15, 2012

The 27- nation bloc, the European Union, received 2012Nobel Peace Prize for turning Europe "from a continent of war to a continent of peace" in the wake of two world wars. The award was conferred by Norwegian Nobel Committee chairman ..

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Wipro's Sunflower Vanaspati brand sold to Cargill India

December 15, 2012

Cargill India, US-based food producer and marketer, acquired the Sunflower Vanaspati brand from Bangalore based IT major Wipro. Wipro wanted to get out of its traditional edible oil business.  The acquisition is expected to make Cargill, (that processes 4,000 tonne ..

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Bhatinda-Srinagar Gas Pipeline project to be accomplished by July 2014

December 15, 2012

The Bhatinda-Jammu-Srinagar Gas Pipeline Project, which has been recently approved, is scheduled to be completed by July 2014. It will enable J&K to draw gas from Gujarat.

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WHO instructs India to keep lens on tourist for SARS-like virus

December 13, 2012

As instructed by the WHO, India is keeping a close watch on incoming tourists, fearing transmission of a new respiratory virus that belongs to the same family as the deadly Severe Acute Respiratory Syndrome (SARS). The WHO has instructed member ..

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Palestine to get $100 million monthly "financial safety net" from Arab states

December 13, 2012

Arab states have offered the Palestinian Authority a $100 million monthly "financial safety net" to aid Palestinian government tackle an economic crisis after the United Nations granted de facto statehood to Palestine. Reacting to the UN approval to Palestine as ..

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