Page-18 of Current Affairs - July, 2012

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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Government taking measures to breathe life into loss making CPSEs

July 11, 2012

The government is taking several measures to revive loss making Central Public Sector Enterprises (CPSEs). The Department of Heavy Industries, DHI has 17 CPSEs now, which are running in loss. Government is appointing renowned consultants through competitive bidding for formulation ..

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India, ADB inked $ 67.6-m loan agreement to aid agriculture

July 11, 2012

A loan agreement of $ 67.6-million has been signed b/w India and Asian Development Bank to support agriculture and foster investment for agri-business infrastructure in Bihar. The loan is the first part of a $ 170-million multi tranche financing facility ..

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Mark Boucher bids adieu international cricket

July 11, 2012

Mark Boucher, the South African wicket keeper, has retired from international cricket after undergoing surgery for eye injury he received on the opening day against Somerset when a googly from Imran Tahir, hit the stumps and a dislodged ball hit ..

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EU offers Spain bank financial aid and more time to cut deficit

July 11, 2012

European Union has offered ailing Spain more time and 30 billion euro to save the country’s banks and protect Europe from more debt crises. EU ministers promised to provide the funds with 100 billion euro ($123 billion) potentially available in ..

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