Page-18 of Current Affairs - February, 2014

FATF released report on Money Laundering & Terrorist Financing

February 5, 2014

The Paris-based Financial Action Task Force (FATF) released an international report on money laundering and terrorist financing. Objective: To identify the Money Laundering and Terrorist Financing (ML/TF) vulnerabilities and risks of the “diamond pipeline” that covers all sectors in the ..

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Sahara group claims to create 56,000 jobs

February 5, 2014

The Sahara group will hire over 56,000 new employees this year along with investments to the tune of nearly Rs. 32,400 crore. The group invited applications for senior positions across business verticals within and outside the country and stated that ..

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Justice B.N.Srikrishna Committee recommendations to be reviewed by a 9-member IRDA panel

February 5, 2014

The Insurance Regulatory and Development Authority (IRDA) set up a 9-member panle to review the 14 non-legislative recommendations made by the Financial Sector Legislative Reforms Commission (FSLRC). The role of panel is to: Examine the extant legislative and regulatory framework ..

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New Maharashtra law for recovery of bad loans

February 5, 2014

Maharashtra government appointed a committee to bring a legislation that will improve the recovery of loans given as part of government schemes. The proposed legislation will create a mechanism for forceful recoveries of loans given under government schemes. It will not ..

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Saving Asia's Vultures from Extinction (SAVE)

February 5, 2014

The Saving Asia’s Vultures from Extinction (SAVE) programme declared that it has plans to release up to 25 birds into a 30,000-sq-km drug-free “safe zone”. A project hopes to start releasing captive-bred birds into the wild by 2016, after experiencing ..

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US warned China against move to declare new ADIZ over South China Sea

February 5, 2014

The United States of America (USA) warned China against any move to declare a new Air Defense Identification Zone (ADIZ) over the South China Sea including disputed islands. The comments were made after the reports of Japanese media that stated ..

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After Delhi, Rajasthan became 2nd state to withdraw approval for FDI in multi-brand retail

February 5, 2014

Rajasthan scrapped the approval given by the previous Congress government for Foreign Direct Investment (FDI) in multi-brand retailing. After Delhi, Rajasthan became the second state, to withdraw approval for FDI in multi-brand retail following a change of government after the ..

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India's first monorail inaugurated in Mumbai

February 5, 2014

India’s first monorail service started in Mumbai. The monorail service that would link the city to major stations began its first phase of 8.93 km between Wadala and Chembur in the eastern fringes of the Commercial Capital. The first phase ..

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