Page-15 of Current Affairs - November, 2011
National Financial Switch
With a view to inter-connect the ATMs in the country and facilitate easy banking for the common man, the Institute of Development and Research in Banking Technology (IDRBT), Hyderabad conceptualized, developed and implemented the National Financial Switch. The National Financial ..
Month: Current Affairs - November, 2011
NTPC’s Siang project
NTPC, India’s largest power producer, is reportedly planning a massive 10,000 mw hydel project in Upper Siang district, Arunachal Pradesh. This proposed project is an ultra-mega hydel project would cost Rs. 1,00,000 crore, and project implementation would stretch to a ..
Month: Current Affairs - November, 2011
Piramal acquires 5.5% in Vodafone
Recently, Ajay Piramal of Piramal Healthcare has purchased 5.5% stake in India’s third largest mobile service provider Vodafone Essar for Rs 2900 crore, or $640 million. Piramal Healthcare struck the deal at a discount valuing British telecom giant Vodafone’s India ..
Month: Current Affairs - November, 2011
Major Recommendation of the K J Udeshi panel of RBI
Ms. K J Udeshi is a former Deputy Governor of RBI. The K J Udeshi Panel was constituted by RBI in May on Forex dealings. Seeking improvement in individual foreign exchange transactions, the panel has said the central bank should ..
Month: Current Affairs - November, 2011
RBI: Income grows 12.7% in 2010-11
The RBI has posted an income of Rs. 37,070 Crore for the year 2010-11. The accounting year of RBI starts from July and ends in June. Reserve Bank of India’s (RBI) gross income for 2010-11 rose 12.7 per cent to ..
Month: Current Affairs - November, 2011
12th Plan: 7 Major ports in 7 Coastal States
Government is planning to develop one major port each in seven coastal states during the 12th Five Year Plan. The estimated cost of investment is pegged between Rs 18,000 crore and Rs 20,000 crore from 2012 to 2017.The Centre needs ..
Month: Current Affairs - November, 2011
12th Five Year Plan: Growth target 9%
Recently, it was made clear that Planning Commission will aim to achieve an average economic growth of 9% over the Twelfth Five Year Plan (2012-17). The plan will primarily maintain the agenda of inclusive growth of the ongoing 11th plan ..
Month: Current Affairs - November, 2011
India Post to seek Banking License
India Post is the largest postal network in the world, comprising 1.55 lakh post offices, of which nearly 1.4 lakh are in rural areas. The department of posts is currently working on a plan to get a bank licence, which ..
Month: Current Affairs - November, 2011
Agriculture Growth target 4% in 12th Five Year Plan
Planning Commission Member and Steering Committee Chairman Abhijit Sen has recently said that farm sector target growth rate shall be 4% in the 12th Five Year Plan. The same target was set for 11th plan and Sen has blamed poor ..
Month: Current Affairs - November, 2011
Category: Agriculture Current Affairs • Economy & Banking Current Affairs
Google to Acquire Motorola Mobility Holdings
Recently, Google announced that it would acquire Motorola Mobility Holdings, the cell phone business that was split from Motorola, for $40 a share in cash. The deal is worth $12.5 billion. This acquisition is Google’s largest ever and is 63% ..