Page-14 of Current Affairs - July, 2012

Australia agrees to provide uranium to India

July 12, 2012

Australia has agreed to supply uranium to India. It is making internal arrangements to ensure the supply. It is known that earlier Australia had denied supply of uranium to India as it was not a signatory to Non-Proliferation Treaty (NPT) ..

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Pakistan’s parliament passes bill to save top leaders from contempt of court

July 12, 2012

The upper house of Pakistan’s Parliament has passed a bill to protect top leaders from contempt of court and thwart the Supreme Court’s efforts to push the Prime Minister into reopening graft cases against President Asif Ali Zardari. The government ..

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DGCA chief Bharat Bhushan told to quit; Prashant Narain Sukul takes charge

July 12, 2012

Civil aviation ministry has asked Directorate General of Civil Aviation (DGCA) chief E K Bharat Bhushan to quit as head of the aviation regulator with immediate effect. Bhushan was recently granted an extension as the head of DGCA. However, he ..

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India and Singapore extend military training pact

July 12, 2012

India and Singapore inked 3 major pacts including one on continuing the military training that Indian armed forces extend to their Singaporean counterparts. These agreements coincide with the state visit of Singapore PM Lee Hsien Loong to India. India is ..

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Tower companies get respite from paying license fee

July 12, 2012

Department of Telecommunications (DoT) has provided some relief to tower firms by keeping suspended the proposal to bring telecom infrastructure providers under the uniform annual license fee rule. It implies that companies such as GTL Infrastructure, Indus Towers and American ..

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RBI extends flexibility on FX forward contracts

July 12, 2012

The RBI has extended the relaxation of cancelling and re-booking of forward contracts with tenures of more than 1 year, for companies and exporters to hedge their FOREX transactions.

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IOC, RIL figure in Fortune’s top 100

July 12, 2012

· 8 Indian companies appear in the list of world’s 500 largest companies by Fortune magazine. · Among those 8 companies, 5 are state-run · Indian Oil Corp and Reliance Industries Limited stand among the top 100. · Indian Oil, ..

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Lee Hsien Loong, the Singapore PM finds Indian Business environment complicated

July 12, 2012

Singapore PM Lee Hsien Loong on his visit to India asserted that Business environment in India is complicated. From the term “Complicated” he was referring to red-tapism. Although he didn’t point to the proposed GAAR or retrospective Income Tax Act ..

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Assam gives awards to ‘Best Performing’ PSUs

July 12, 2012

It is for the first time that Assam has awarded three of its “best performing” state level public sector undertakings (PSUs) The initiative is aimed at boosting performances of its companies. The three state PSUs that have been awarded are: ..

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INS Tanaji Naval Base Station commissioned by Indian Navy

July 11, 2012

Indian Navy commissioned a Naval Base Station – INS Tanaji in Mumbai’s Eastern suburb of Mankhurd.  The base depot ship INS Tanaji will look after berthing and ship lift facilities of the Indian Navy. INS Tanaji is named after Maratha ..

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