Page-3 of Current Affairs - December, 2012

SBI, RDIF collaborate to form $2 billion consortium

December 28, 2012

To encourage investments b/w the two nations, India’s State Bank of India (SBI) and Russian sovereign wealth fund Russian Direct Investment Fund (RDIF) came together to ink an MoU for setting up a $2 billion investment consortium. Both the groups ..

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The only Hindu temple in Russia on the verge of demolition

December 28, 2012

The only Hindu temple in Russia- the Iskcon Krishna temple in Moscow is facing the threat of demolition by the Russian authorities. Why is it being demolished? As per Russian authorities, the temporary Iskcon temple violates the urban building code ..

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Park Geun-hye becomes first woman South Korean President

December 28, 2012

In recent Presidential elections in South Korea, Park Geun-hye gained the victory to become country’s first woman President, daughter of the former military ruler, Park Chung-Hee. Main challenges before Park: Conflict with North Korea Sluggish economy Surging Welfare costs Rapidly ..

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NASA denies asteroid impact with Earth in 2040

December 28, 2012

The asteroid, 2011 AG5, which was previously thought to collide with the Earth in 2040 and had a collision chance of 1 in 500, will pass by earth harmlessly. As per NASA, the asteroid shouldn’t get any closer than 890,000 ..

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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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