Page-14 of Current Affairs - June, 2012

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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India, Brazil to boost trade to $15 billion by 2015

June 18, 2012

India and Brazil set to enhance bilateral trade to a target of $15 billion by 2015. Presently, the bilateral trade stands at $10 billion. India seeks investments from Brazil for establishing the National Manufacturing and Investment Zones (NMIZs). Objective: To ..

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Indians ranked low on financially literacy survey

June 16, 2012

As per the Visa’s 2012 Global Financial Literacy Barometer survey conducted among over 25,000 people in 28 countries Indians are among the least financially literate people in the world with youth and women struggling most with their finance literacy due ..

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