Page-11 of Current Affairs - June, 2012

K C Chakrabarty re-appointed as RBI Deputy Governor

June 19, 2012

The Government of India today re-appointed Dr. K C Chakrabarty as the Deputy Governor of the Reserve Bank of India for a further period of three months beyond June 14, 2012 or until further orders, whichever is earlier. Dr. K ..

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North East asks to revise NEIIPP to focus on micro, small sectors

June 19, 2012

North Eastern states have insisted on “revision” of the centre sponsored North East Industrial and Investment Promotion Policy (NEIIPP), 2007 to shift attention from heavy industry to micro and small scale sector. As per the North East Industry Ministers’ Forum ..

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Assam signs agreement with Microsoft

June 18, 2012

The State Govt of Assam inked a pact with Microsoft Corporation India Private Ltd (MCIPL). Objective: To speed up Information and Communication Technology (ICT) adoption in schools. It is a one year association that will assist the Assam school education ..

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Govt to do away with multi-level TDS on software services

June 18, 2012

Giving respite to the software industry, the government announced that it would remove the complex multi-level system of Tax Deduction at Source (TDS) for the IT sector from July 1, 2012. As per the notification, no deduction of tax shall ..

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Govt lifts hefty tax on rupee payments for Iran oil

June 18, 2012

Govt of India officially exempted hefty tax on payments to National Iranian Oil Co (NIOC) for settling part of its oil purchases in Indian rupees. Now oil payments to Iran in rupees will be exempted from a 40% tax in ..

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Indian economy is facing stagflation: Moody’s

June 18, 2012

As per the Global financial services firm Moody’s Analytics: Indian economy is going through stagflation, with slow growth and high inflation. RBI can’t be too aggressive in slashing interest rates. WPI inflation rising up to 7.5% every year in May ..

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1991-like crisis highly improbable: D Subbarao

June 18, 2012

As per RBI governor D Subbarao, despite high fiscal and current account deficit it is highly improbable that India could witness the replication of the 1991 economic crisis that was caused by similar reasons. As per him factors like floating ..

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Satish Balram Agnihotri: New Add. Secretary and Financial Advisor to Dept. of Agriculture &Cooperation

June 18, 2012

  Satish Balram Agnihotri IAS batch1980 from Odisha cadre, appointed as Additional Secretary and Financial Advisor to Department of Agriculture &Cooperation He is currently serving as Director General, Shipping Mumbai, Ministry of Shipping

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Amita Sharma is the new Additional Secretary, Department of Higher Education

June 18, 2012

Ms. Amita Sharma IAS batch of 1981 from Madhya Pradesh appointed as Additional Secretary, Department of Higher Education.  She is presently serving as Resident Commissioner, Madhya Pradesh Bhawan New Delhi

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Uttar Pradesh invites investors for its "Lucknow IT park

June 18, 2012

Uttar Pradesh govt has accelerated its efforts to attract the private sector to invest in a software technology park that is being developed in Lucknow at an estimated cost of Rs. 285 crore (US$50 million) Lucknow Industrial Development Authority (LIDA) ..

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