Current Affairs - July, 2012

Railways to establish NHSRC to execute bullet train project

July 31, 2012

With the aim to accelerate the ambitious high speed corridor project, the government will establish a corporation to exclusively deal with aspects like its tendering process and execution. The National High Speed Rail Corporation (NHSRC) will be created very soon ..

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300 crore compensation package to the victims of violence hit Assam : PM

July 31, 2012

A 300 crore compensation package for the violence hit people of Assam has been announced by the Prime Minister. The package includes Rs 100 crore for relief and rehabilitation in the worst affected districts. What happened in Kokrajhar? There occurred ..

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India detected undisclosed income equivalent to Rs 565 cr in France

July 31, 2012

Undisclosed income of Indians amounting Rs 565 crore has been detected in France. This revealing information was shared by France which it shared under the exchange of information clause of the Double Taxation Avoidance Agreement (DTAA) which India had signed ..

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India leaves China behind in export growth rate: WTO

July 31, 2012

India is now ahead of China in terms of exports growth rate. It registered an increase of 16.1% in 2011. The country is at the pinnacle in the list of all major trading countries in the world. As per the ..

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India successfully test fires user trial version of Brahmos supersonic cruise missile

July 31, 2012

India successfully test fired BrahMos supersonic cruise missile as part of a user trial by the Army from a Chandipur off Odisha coast. The Brahmos missile development is an Indo-Russian collaborative project. Range: 290 km Can carry conventional warhead of ..

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Modi inclined to develop “Dholera SIR” by emulating Kobe

July 31, 2012

Gujarat Chief Minister Narendra Modi, on visit to Japan, has expressed his wish to develop Dholera SIR (Special Investment Region) as a model port city just like Kobe city in Japan. Dholera– Dholera is a town in Gujarat. It is ..

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India’s largest industrial solar plant starts functioning

July 31, 2012

India’s largest ever industrial solar plant in Ludhiana district of Punjab started functioning. This unit has been built to perform dual functions of producing solar power besides and providing permanent solution of disposal of large quantity of industrial waste water ..

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Prime Minister constitutes committee to review taxation of development centres & IT sector

July 31, 2012

To review taxation of development centres and IT sector a committee has been established by the Prime Minister Dr Manmohan Singh. The Committee will function in consultations with stakeholders and related government departments to finalize the Safe Harbour provisions announced ..

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