Page-23 of Current Affairs - December, 2012

Lok Sabha clears FDI in retail

December 7, 2012

Lok Sabha gave the approval to FDI in multi-brand as the opposition motion seeking immediate back down of the decision was rejected convincingly as BSP and SP walked out. The House also rejected the motion seeking amendment to the rules ..

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Menon first to visits China after changes in Communist Party of China

December 7, 2012

India’s National Security Advisor and negotiator in border talks with China, Shiv Shankar Menon, was the first top ranking Indian official to visit China after changes announced in the Communist Party of China. What are China’s expectations from India? China ..

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Life insurers not allowed to participate in repo transactions: IRDA

December 7, 2012

The Insurance Regulatory and Development Authority (IRDA) said that life insurance companies are not allowed to take part in repo transactions. In a circular IRDA clarified that: In case of reverse repo (lending) transactions in government securities and corporate debt ..

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Apple launches iTunes in India

December 7, 2012

Apple launched its software-based online digital media store iTunes in India apart from Russia, Turkey, South Africa and 52 additional countries. What does it offer? Over iTunes store, one can buy Songs, Albums and Movies at reasonable prices. As the ..

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EC ponders over to ask govt defer cash transfer scheme

December 7, 2012

As Gujarat is going to polls on December 13 and 17, Election Commission is mulling over whether the government can be asked to hold over the process of implementation of the direct cash transfer scheme as it is receiving complaints ..

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Rs. 2,490 cr: Tax-exempted income of parties in 5 years

December 7, 2012

In the last 5 years the tax-exempted income of the 10 main political parties has reached Rs. 2,490 crore. Section 13A of IT Act 1961 exempts political parties from tax on their income. However, they have to maintain a book ..

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Researcher solves Sandy Island mystery (A Phantom Island)

December 6, 2012

Phantom Islands mystery resolved. The mystery behind the missing of the Sandy Island in the South Pacific, displayed on the world maps as well as Google Earth but did not really exist, has been claimed to be solved by a ..

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India to safeguard its interest in South China Sea: Navy Chief

December 6, 2012

India indicated that it will protect its economic interest in the disputed waters of South China Sea and if the need arises India would even send its forces. China is speedily upgrading its Navy in the region. India has clearly ..

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