Page-22 of Current Affairs - July, 2012

Market regulator SEBI fine-tunes norms for OFS, IPP

July 2, 2012

Working in the direction of making the process of disinvestment hassle free, capital market regulator SEBI fine-tuned norms governing Offer For Sale (OFS) & Institutional Placement Programme (IPP). IPP and OFS are the two new share sale tools initiated by ..

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Centre planning for Sixth Economic Census as a Central Sector Plan Scheme

July 2, 2012

The Centre is planning to carry out the Sixth Economic Census as a Central Sector Plan Scheme in collaboration with all states and Union territories. Objective: It will provide the official count of entrepreneurial units located in geographical boundaries of ..

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Pakistan releases Surjeet Singh

July 2, 2012

Pakistan freed Indian prisoner Surjeet Singh who has served a life term following his arrest on charges of spying in the 1980s. Singh was freed from Kot Lakhpat Jail. Indian team present at Wagah will receive over 300 fishermen being ..

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Banking sector growth contingent on Innovative delivery model: PwC

July 2, 2012

According to a report by PwC (PricewaterhouseCoopers): · Innovative service delivery models, including mobile banking and ATMs, and the ability to satisfy customers will drive the growth of banking sector in the near future · The concerns over data security ..

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Tamil Nadu will use biometric details for government exams

July 2, 2012

In order to make the recruitment process transparent, the Tamil Nadu Public Service Commission (TNPSC) has decided to introduce an online interactive system, under which biometric details of the candidates will considered As per TNPSC chairman a Centre will be ..

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Nomura slashes India GDP growth projection to 5.8%

July 2, 2012

Nomura has lowered the country’s growth estimate for this fiscal to 5.8%, from 6.7% earlier. Nomura has also hacked its India GDP prediction for 2013-14 to 6.6% from the earlier 6.9%. The government is targeting at GDP growth rate of ..

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RBI elevates foreign investment limit in govt bonds

July 2, 2012

In a move targeted at preventing the continuous decline of Rupee, the Reserve Bank of India increased the limit of foreign investment in government bonds by $ 5 billion to $ 20 billion. The regulator also elevated limit of external ..

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Indian Scientist Rao Papineni gets US Patent for Cancer Treatment

July 2, 2012

In a breakthrough innovation Rao Papineni, the nanotechnology scientist, in collaboration with his colleagues invented a cancer treatment system in which a nano-particle acts as a carrier of anti-cancer drug and releases it only in the cancerous cell, thus safeguarding ..

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