India extends energy & mining sector support to Cuba

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 ..

Month: Current Affairs - July, 2012

“Rupaantar” Project

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 ..

Month: Current Affairs - July, 2012

India declines to 5th spot in ICC Test rankings

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 ..

Month: Current Affairs - July, 2012

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

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 ..

Month: Current Affairs - July, 2012

Charges for NEFT rationalized by RBI

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 ..

Month: Current Affairs - July, 2012

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

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 ..

Month: Current Affairs - July, 2012

Fresh sanctions imposed on Iran

The US imposed fresh sanctions against Iran increasing pressure on Tehran to take seriously concerns about its suspected nuclear weapons programme. The Treasury and State Department actions target more than 50 entities linked to Iran’s procurement, petroleum, and shipping networks. ..

Month: Current Affairs - July, 2012

India violated WTO norms: United States

The U.S. administration accused India of infringing WTO norms by allowing Hyderabad-based Natco Pharma to produce a generic version of cancer drug Nexavar. The administration has called India’s move an ‘egregious’ violation of WTO norms. For a quick recall, India ..

Month: Current Affairs - July, 2012