Page-26 of Current Affairs - July, 2012

Spain clinches Euro Cup 2012

July 3, 2012

Spain defeated Italy 4-0 in the finale. Becomes the first nation to retain crown. Spain confirmed their status as one of the greatest national teams in football history by overwhelming Italy 4-0 in the Euro Cup 2012 final in Kiev, ..

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ICAR scientists discover wonder seeds

July 3, 2012

A group of scientists from the ICAR (Indian Council for Agricultural Research), ICAR, Agartala, Tripura have made the breakthrough of wonder seeds which need less land and give high yield. The unit of Tripura has been experimenting these seeds for ..

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A.R.Rahman & Danny Boyle to pen London Olympics song

July 3, 2012

Oscar-winning composer A. R. Rahman who is reuniting with Danny Boyle, to compose a song for London Olympics opening ceremony, will celebrate Indian influence in UK, by including a Punjabi track in it. The 46-year-old Indian musician has teamed up ..

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New Service Tax regime comes into force

July 3, 2012

A new service tax regime has come into force. All services, except 38 services in the negative list, will now attract 12% service tax. The government has also broadened the definition of ‘Services’ to bring in more activities under the ..

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Political economy of petroleum prices in India – Sailaja Akkem

July 3, 2012

Pricing of Petroleum in India: The history of pricing of petroleum in India dates back to 1920’s. During the colonial period, the pricing of petroleum was free from Government intervention and was determined mainly by the market forces. After the ..

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India’s new buzzword: “Policy Paralysis”

July 2, 2012

‘Policy Paralysis’ is the new exhortation echoing in the news media. According to news search conducted via Factiva, the catchphrase hit over 590 mentions in June 2012. The references soared as the rupee plunged to a record low of 57.32 ..

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Advance Pricing Agreement Scheme gets clearance of FM

July 2, 2012

Finance ministry approved the Advance Pricing Agreement (APA) scheme, related to transfer pricing regulations. The APA scheme, proposed in Budget 2012-13, is being considered as one of the major industry-friendly initiatives. The finance ministry’s green signal to the provisions devised ..

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US court blocks Apple in Google battle

July 2, 2012

As per the ruling from Chicago federal court, US: Apple Inc. cannot pursue an injunction against Google’s Motorola Mobility unit. – The court dismissed the lawsuit b/w Apple and Motorola Mobility with prejudice, implying that it can’t be re-filed. Apple ..

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