Page-21 of Current Affairs - December, 2012

SC gives Sahara more time to repay bond investors

December 10, 2012

The Supreme Court gave temporary relief to Sahara group when it gave the company more time to repay the money it had raised from investors through bond sales that were later ruled to be illegal. The court has ordered Sahara ..

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India ranked 94th in corruption perception list

December 10, 2012

Transparency International has ranked India at 94th place in its Corruption Perception Index 2012 (CPI) which enlisted 176 countries. India scored 36 on a scale from 0 (most corrupt) to 100 (least corrupt). The low score of India is attributed ..

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Manmohan, Sonia Gandhi in the list of top 20 'most powerful persons'

December 10, 2012

Forbes magazine has enlisted the name of Indian Premier Manmohan Singh and Congress President Sonia Gandhi in list of the top 20 most powerful persons in the world. As per the rankings main positions are as follows: 1: US President ..

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Apple unveils iPad mini in India

December 10, 2012

Apple launched smaller version of the iPad, ‘iPad Mini’, in India. Highlights: 23% slim, and 53% lighter than the iPad tablet Battery life 10-hour Storage capacity: 16GB with basic version, 64GB with Advanced version Advance version has Retina display and ..

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RBI sets up supervisory colleges for SBI, ICICI

December 8, 2012

The RBI has for the first time established the ‘Supervisory College’ for cross border supervision of State Bank of India (SBI) and ICICI Bank. What is the role of “Supervisory College”? The main role of the supervisory college, comprising local ..

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No curb in Internet freedom: UN telecom head Hamadoun Toure

December 8, 2012

UN telecom body (International Telecommunication  Union, ITU) head Hamadoun Toure held that internet freedom will not be regulated or curbed. He clarified this in the recently held World Conference on International Telecommunications (WCIT-12) in Dubai. The objective behind WCIT-12 was ..

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India-Japan sign currency swap accord to enhance bilateral trade

December 8, 2012

Central banks of India and Japan (The Reserve Bank of India (RBI) and the Bank of Japan (BoJ) respectively) signed a 3-year Bilateral Swap Arrangement (BSA). How agreement will help? Help in addressing short-term liquidity problems Supplementing the existing international ..

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RBI's inflation comfort zone need not be changed: Rangarajan

December 8, 2012

Prime Minister’s Economic Advisory Council (PMEAC) C. Rangarajan pined not to alter the RBI’s inflation comfort level from 4-5%. In 1998, Rangarajan had considered inflation rate at 6% to 7% as “acceptable level”. At that time, inflation level was as ..

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