Page-14 of Current Affairs - March, 2013

Budget Box: Government to infuse Rs 14, 000 cr in PSU banks next fiscal

March 3, 2013

In the Budget speech it has been announced that the government will infuse Rs 14,000 crore in public sector banks in next fiscal (2013-14). Objective: To ensure that PSU Banks meet the Basel III regulations regarding capital adequacy. Implementation of ..

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Budget Box: Changed GAAR provisions to come into effect from April 2016

March 3, 2013

As announced in the current Budget, the modified version of controversial General Anti Avoidance Rules (GAAR) provisions will be implemented from April 2016. The modified provisions maintain the basic thrust and purpose of GAAR. The government had formed an expert ..

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Budget Box: Banks can sell insurance products of multiple insurance firms

March 3, 2013

As per Budget 2013-14, banks will also act as brokers for selling insurance products of multiple companies. More highlights on Insurance sector: Insurance companies will be allowed to open branches in non-metropolitan cities without approval from the insurance regulator. All ..

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‘Walking with Lions: Tales from a Diplomatic Past’ a book by Natwar Singh released by Vice President

March 3, 2013

“Walking with Lions : Tales from a Diplomatic Past” A book authored by Shri K. Natwar Singh, former Union Minister for External Affairs was released by the Vice President of India Shri M. Hamid Ansari.

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India, UK sign pact on boosting co-operation in Earth Sciences

March 3, 2013

A Memorandum of Understanding (MoU) was signed b/w India and UK to strengthen their cooperation in Earth Sciences and environmental research by sharing information on meteorology, hydrology and climate variability. The MoU was inked b/w the Earth System Science Organisation ..

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Vice Admiral Anurag G Thapliyal to be new Director General of Indian Coast Guard

March 3, 2013

Vice Admiral Anurag G Thapliyal will take the position of Director General of Indian Coast Guard succeeding the present Director General Vice Admiral MP Muralidharan

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Budget Box: Countrywide coverage of Direct Benefit Transfer Scheme – “Aapka Paisa, Aapke Haath”

March 3, 2013

Government’s direct cash transfer programme- the Direct Benefit Transfer Scheme which began on January 1, 2013 which benefitted 11 lakh poor people will be rolled out throughout the country. “Aapka Paisa, Aapke Haath” Slogan for the Direct Cash Transfer scheme ..

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Budget Box: Fiscal deficit for 2012-13 contained at 5.2%

March 2, 2013

As per Finance Minister P Chidambaram, government has contained the fiscal deficit for the current financial year at 5.2% of GDP, lower than 5.3% as was targeted. Revenue Deficit has been contained at 3.9% in the current fiscal. Future Roadmap: ..

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Budget Box: ‘Nirbhaya Fund’ to be created for women safety & empowerment

March 2, 2013

As proposed in the Budget 2013-14, government will set up ‘Nirbhaya Fund’ of Rs 1,000 crore for safety and empowerment of women. Nirbhaya (fearless) was the pseudonym given to the victim of the inhumane Delhi-bus incident to hide her actual ..

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Budget Box: Proposal to introduce IIBs ‘Inflation-Indexed Bonds’ to encourage savings

March 1, 2013

The Budget 2013-14 has proposed to introduce Inflation-Indexed Bonds or IIBs with the aim to control rising Current Account Deficit, fiscal deficit and inflation. The move by the government has been lauded by the RBI saying that the step is ..

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