Page-19 of 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% ..
Month: Current Affairs - November, 2011
Global Food Prices Rise 33% in a Year
Recently, a World Bank report was released which said that prices of a number of food commodities have increased sharply over the last twelve months and global food prices are up 33% in July from a year ago. The report ..
Month: Current Affairs - November, 2011
Food inflation up 9.9%
The latest data released by the commerce and industry ministry has shown that the wholesale price index for food articles rose an annual 9.90% in the week to July 30, rising from 8.04% in the previous week. Food prices had ..