Page-3 of Current Affairs - June, 2012

Draft of SPA gets finalized b/w Afghanistan & Norway

June 28, 2012

Afghanistan and Norway gave final shape to the draft of the Strategic Partnership Agreement (SPA) b/w the two countries. The draft of the agreement is ready for signature and the two countries will ink it in September 2012. Afghanistan has ..

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Regulators in Europe, US and Asia investigating financial institutions

June 28, 2012

Regulators in the United States, Europe and Asia are scanning a number of key financial institutions for manipulating Inter-Bank Lending rates. In this context, Barclays Bank was fined $ 452 million which is the first company to admit such fault. ..

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Delhi Investment Summit on Afghanistan in New Delhi

June 28, 2012

Delhi Investment Summit on Afghanistan in New Delhi – This was the first ever investment summit in India for another country. External Affairs Minister, S M Krishna while addressing the Delhi Investment Summit on Afghanistan in New Delhi assured that ..

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Greece gets new Finance Minister ‘Yannis Stournaras’

June 28, 2012

Greece Prime Minister Antonis Samaras declared Greek economist Yannis Stournaras as the country’s new Finance Minister. He took the place of Vassilis Rapanos who had submitted resignation due to health reasons.  Stournaras, 55, is a cherished laissez-faire pro-reform economist who ..

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Rs 28,000 cr Annual Plan outlay for Bihar: Planning Commission

June 28, 2012

The Planning Commission approved an Annual Plan outlay of Rs 28,000 crore for Bihar for the current fiscal. The plan was finalized at a meeting in New Delhi between the Commission’s Deputy Chairman Montek Singh Ahluwalia and Bihar Chief Minister ..

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Government and IITs reach consensus on admission formula

June 28, 2012

The government and IITs resolved the issues on the entrance exam by reaching a compromise formula over organizing the common exam from 2013 academic year. According to the agreement, from 2013, class 12th marks will be used only as cut-off ..

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Finance Minister Pranab Mukherjee resigns to contest President poll

June 28, 2012

FM Pranab Mukherjee submitted his resignation to Prime Minister Dr. Manmohan Singh. Mukherjee, the UPA candidate for the Prez polls enjoys the support of the SP, the BSP, the JDU, the Shiv Sena, the CPI(M), Forward Block and some other ..

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RBI announces measures to revive Rupee

June 28, 2012

The Reserve Bank of India announced a number of steps, to aid revive the currency and the economy The measures include increasing limits for external commercial borrowings and government securities .The initiatives are in consultation with the government to liberalize ..

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SEBI to make it mandatory for top 500 listed companies to provide e-voting

June 28, 2012

With Market regulator, Securities and Exchange Board of India (SEBI) decision to make it mandatory for the top 500 listed companies to provide e-voting, it will be easier for shareholders to participate in key decisions without being physically present at ..

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Moody’s rates India’s sovereign credit outlook stable

June 28, 2012

Global Rating Agency, Moody’s Investment Services has kept India’s sovereign credit outlook stable. As per the agency a slowdown in growth and investment is expected to be transitory. As per its report, certain recent negative trends, lower growth, sluggish investment ..

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