Page-7 of Current Affairs - June, 2012

India set to become eighth largest shareholder in IMF

June 25, 2012

India is ready to become the 8th largest shareholder in the IMF after quota reforms which are expected to be finalized at the agency’s annual meeting at Tokyo in October 2012. Once the quota reforms are put through, India’s share ..

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Alan Isaac to command the reins of ICC

June 25, 2012

Alan Isaac of New Zealand will replace Sharad Pawar as ICC President as the term of the latter comes to an end. Sharad Pawar will complete his two-year term. 

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Trade b/w India and Germany may go beyond Euro 20 billion

June 25, 2012

Bilateral trade between India and Germany is projected to touch Euro 20 billion during year 2012, posing a growth of 11 % over the the year 2011. Amongst the EU, Germany is India’s leading trade partner . Around 150 German ..

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Indian women Kabaddi and Basketball teams clinch Gold in Asian Beach Games, China

June 25, 2012

Indian women’s Kabaddi team won Gold by defeating Thailand in the finals of the 3rd Asian Beach Games in Haiyang, China.  Indian women team also bagged gold in basketball. Indian men’s kabbadi team clinched Bronze medal.

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IKEA plans invest Rs 10,500 crore to set up 25 stores in India

June 25, 2012

Swedish IKEA, the world’s largest furniture manufacturer, has plans to invest about Rs 10,500 crore to establish 25 stores in single-brand retail in India. This will be the biggest investment in the single-brand retailing since the government allowed FDI in ..

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India, Russia boost bilateral trade to $20 billion by 2015

June 25, 2012

India and Russia have a target to escalate their bilateral trade to $ 20 billion by 2015.  The two countries will try to double their trade from $9 billion in five years. India stressed on the need for diversifying trade ..

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LPG Transparency Portal begins functioning to ensure in delivery of domestic LPG cylinders

June 25, 2012

Petroleum and Natural Gas Ministry launched a LPG Portal aimed at ensuring transparency in the delivery of domestic LPG cylinders to the consumers. This step is expected to materialize into a potent tool for social audit for all domestic LPG ..

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Pakistan elects Raja Parvez Ashraf as its new PM

June 25, 2012

Raja Parvez Ashraf, candidate of ruling Pakistan People’s Party is the new Prime Minister of Pakistan. He was elected in a special session of the National assembly held in Islamabad after getting 211 votes out of 300 cast in the ..

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