Page-11 of Current Affairs - July, 2012

Indian Army and DRDO collaborate to develop tank-killer Nag missile

July 18, 2012

Despite differences running b/w the Army and DRDO, the two are trying cooperate in the development of world-class tank-killer missile. What are the problems? The problem with the DRDO’s anti-tank guided missile (ATGM), Nag (Hindi for cobra), is its range ..

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Bret Lee declares retirement from international cricket

July 16, 2012

One of the fastest bowlers in the world of cricket, Australia’s Brett Lee, announced retirement from international cricket after serving it for 13 years. He had already taken retirement from Test cricket in 2010. He had been facing difficulties in ..

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Rs. 4,575-crore investment to perk up 5 PSUs

July 16, 2012

In order to revitalize five Public Sector Units (PSUs), a total investment of Rs.4,575 crore are under consideration of the government. This will also revive Lucknow-based Scooters India without inducting any strategic partner. Govt funds will be inducted into Companies ..

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PFRDA eases registration norms for Fund Managers of NPS

July 16, 2012

With an objective to give impetus to the National Pension System (NPS), the Pension Fund Regulatory and Development Authority (PFRDA) eased norms for registration of pension fund managers. This move will induce greater competition by removing cap on the number ..

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India extends energy & mining sector support to Cuba

July 16, 2012

India extended its proficiency and support to Cuba in energy and mining sectors. Minister of State for Commerce and Industry assured this to Cuba. Indian companies can engage in Cuba through investment in exploration, production, refining and marketing. Recently, the ..

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“Rupaantar” Project

July 16, 2012

Project: Rupaantar (Transformation) Implemented by: Oil India Ltd and the State institute of Rural Development, Assam Place: Assam In Assam, the project “Rupaantar” (Transformation) has been able to bring a social and economic transformation in the operational areas of Oil ..

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India declines to 5th spot in ICC Test rankings

July 16, 2012

India slipped a position to the 5th spot in the ICC Test Championship rankings. The Indian team swapped positions with Pakistan. India was at no.1 position in 2011. The ICC test team ranking is as follows: England Australia South Africa ..

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India to build 43,000 housing units for dislocated Tamils in Sri Lanka

July 16, 2012

India will build 43,000 housing units for resettlement and rehabilitation of the war affected and dislocated Tamils in Sri Lanka’s former troubled areas in the northern and eastern provinces, as part of a $ 270 million project. A pilot project ..

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Charges for NEFT rationalized by RBI

July 16, 2012

The RBI rationalized charges that banks can put on customers for transfer of funds through National Electronic Funds Transfer (NEFT). As per the new rate system by RBI, banks can charge not more than Rs 2.50 for funds transfer up ..

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Vietnam offers ONGC Videsh Ltd contract for exploration in South China Sea

July 16, 2012

In order to sustain Indian presence in the hydrocarbon-rich South China Sea, Vietnam has decided to extend the contract for exploration of oil and gas resources in a significant oil block in the region to ONGC Videsh Ltd (OVL). OVL ..

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