Page-3 of Current Affairs - December, 2012

FDI ceiling in ARCs increased to 74%

December 28, 2012

With an aim to attract greater foreign expertise in the domain of asset reconstruction, the government has raised the foreign investment ceiling in Asset Reconstruction Companies (ARCs) to 74% from previous 49%. However, FDI in ARCs would need to abide ..

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'No religion' group is world third-largest, after Christians and Muslims

December 28, 2012

As per a study entitled “The Global Religious Landscape” by the Pew Forum on Religion and Public Life, People with no religious affiliation make up the third-largest global group after Christians and Muslims and just before Hindus. Islam and Hinduism ..

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Tea Board annuls 156 licences

December 28, 2012

The Tea Board of India cancelled the permanent licences of 156 tea exporters for non-performance. Many of the exporters were found to be bogus. Why licenses were cancelled? It was found that these exporters were neither performing nor submitting the ..

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Indian American lasik pioneer to be honored with America’s top inventor award

December 28, 2012

Indian American Rangaswamy Srinivasan, has been nominated by President Barack Obama for the National Medal of Technology and Innovation. Why this award? Why this laser is unique? About National Medal of Technology and Innovation

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Justice Swatanter Kumar is new NGT chief

December 28, 2012

Justice Swatanter Kumar has become the first Supreme Court judge to  be the chairperson of the National Green Tribunal (NGT) which was, till now, functioning without a full-time chairperson. He will decide on cases pertaining to environmental protection, and conservation ..

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Aam Aadmi, Janashree Bima Yojana exempted from service tax

December 28, 2012

Government has exempted services of life insurance business provided  under Aam Aadmi Bima Yojana (AABY) and Janashree Bima Yojana (JBY)from service tax. Aam Aadmi Bima Yojana Launched in 2007 Covers death and disability insurance for the benefit of rural landless ..

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Virbhadra Singh takes oath as Himachal CM for a record sixth time

December 28, 2012

Congress leader Virbhadra Singh was sworn in as the Chief Minister of  Himachal Pradesh for a record sixth time. Previously, he was Chief Minister 5 times b/w 1983 and 1985; 1985 and 1990; 1993 and 1998 and 2003 and 2007.

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After referendum Egypt approves new constitution

December 27, 2012

Egypt voters approved a constitution drafted by President Mohamed Mursi’s Islamist allies. The new constitution was adopted with 63.8% of the vote which gave Islamists their third consecutive victory at the polls since Hosni Mubarak was ousted in a 2011 ..

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President Obama: TIME’s Person of the Year

December 26, 2012

TIME magazine has named US President Barack Obama Person of the  Year "For finding and forging a new majority, for turning weakness into opportunity and for seeking, amid great adversity, to create a more perfect union". This is the second ..

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India, ASEAN finalize FTA pact in services, investments

December 26, 2012

India and the Association of Southeast Asian Nations (ASEAN) finalized the Free Trade Agreement (FTA) in services and investments. What does this mean?

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