Page-6 of Current Affairs - February, 2013

Value of currency note has not increased with inflation: RBI

February 21, 2013

As per a RBI study, the average value of a currency note did not keep pace with inflation in the past four decades. As per the study: There has been only eight fold increase in the average value of a ..

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EDMC clears proposal to develop Tele-Booking Services of the Auto-Rickshaws

February 21, 2013

Standing Committee of East Delhi Municipal Corporation (EDMC) has cleared the proposal to set up Green Auto tele-booking services of the auto-rickshaws on the lines of radio taxis. The main objective of the project is to provide 24-hour auto rickshaw ..

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Severe extinction threat to various Indian reptiles

February 21, 2013

As per an analysis of Zoological Society of London along with IUCN species survival commission: 19% of turtles, lizards, snakes, crocodiles and other reptiles were facing severe threat of extinction. One out of every five out of 10000 species of ..

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NASA discovers 'Youngest Black Hole' in Milky Way:

February 21, 2013

NASA has claimed to have discovered the youngest black hole, named W49B, in Earth’s galaxy or the Milky Way. The black, located within a supernova remnant, was formed by a rare supernova explosion of a massive star. The agency’sChandra X-ray ..

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Fact Box: Dongria Kondh tribe

February 21, 2013

MoEF justifies cancellation of environmental clearance to Vedanta The Ministry of Environment and Forests (MoEF) has held that its decision of cancellation of the environmental clearance granted to Vedanta for the Lanjigarh Bauxite mining project in Odisha was right and ..

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SEBI allows Gold ETFs to invest in Gold Deposit Schemes

February 21, 2013

Market regulator SEBI has allowed Gold Exchange Traded Funds (ETFs) to invest in gold deposit schemes of banks, as part of overall efforts to utilize idle assets of the precious metal for more productive purposes. The gold ETFs of mutual ..

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Dishonoring of cheque given as security is not punishable: Supreme Court

February 21, 2013

The Apex Court has held that dishonoring of a cheque given as security is not liable to be visited with a penalty under Section 138. It is generally thought that dishonoring of a cheque in any circumstances can attract penal ..

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Fact Box: Saxo Bank

February 20, 2013

Saxo Bank enters Indian market Saxo Bank has announced its entry into the Indian market to provide trading platform for foreign equities. About Saxo Bank: An Online Danish investment bank. Founded:    1992 Headquarters:    Copenhagen, Denmark Chairman: Kurt K. Larsen, Chairman ..

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Chandrasekhar Committee meets set pathway to unify foreign investments norms

February 20, 2013

The K.M. Chandrashekhar committee formed to unify foreign investment norms met for the first time. Objective: To relax entry norms for a diverse category of foreign investors such as FDI / FII/ QFI/NRI/FVCI and the like. Two sub-committees Two sub-panels ..

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Fact Box: ‘Letter of Comfort’

February 20, 2013

‘What is ‘Letter of Comfort’? A comfort letter is a document prepared by an accounting firm assuring the financial soundness or backing of a company. This letter is issued by a parent company to a lending institution in which it ..

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