Page-11 of Current Affairs - November, 2013

RBI permits foreign banks' subsidiary to acquire private banks

November 7, 2013

As per the guidelines released by the Reserve Bank of India (RBI), the Wholly-Owned Subsidiary (WOS) of foreign banks are allowed to acquire domestic private sector banks as well as open branches anywhere in the country. In addition, as per the ..

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HRD Ministry gives nod to set up IIT, IIM, 3 central varsities in Seemandhra

November 6, 2013

The HRD ministry has given its nod to establish an IIT, an IIM and 3 central universities among other institutes for the region. The decision would be placed before the GoM for consideration. The ministry has also cleared an IISER ..

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Mars nerve centre moves to ISTRAC

November 6, 2013

After putting the India’s maiden spacecraft to Mars into space from the Satish Dhawan Space Centre at Sriharikota in Andhra Pradesh, the nerve centre of the ongoing Mars Orbiter Mission (MOM) has been shifted to the Bangalore-based tracking centre,ISTRAC (ISRO ..

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Pravasi Bharatiya Divas 2014 to be held in New Delhi

November 6, 2013

As per the announcement by Ministry for Overseas Indian Affairs, New Delhi will host the 12th Pravasi Bhartiya Divas to be held from January 7 to January 9, 2014. The theme of the event is – Engaging Diaspora – Connecting across Generations– with a special focus ..

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Nature of CSR spending rests with company’s board: Ministry of Corporate Affairs

November 6, 2013

Union Minister for Corporate Affairs Sachin Pilot clarified that, while the new Companies Act, 2013, stipulates the portion of profits that companies must spend on Corporate Social Responsibility (CSR) every year, they have the freedom to choose the specific activities ..

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Bangladesh allows commercial cultivation of Bt Brinjal

November 5, 2013

The Government of Bangladesh has given nod to the commercial cultivation of transgenic Bt brinjal, making it the first South Asian country to cultivate the genetically modified food crop. As per Bangladesh Agricultural Research Institute (BARI), the government has approved ..

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Integrated Processing Development Scheme (IPDS) gets nod from CCEA

November 5, 2013

The new Integrated Processing Development Scheme (IPDS) aimed at addressing the environmental concerns faced by textiles units has been given approval by the Cabinet Committee on Economic Affairs (CCEA). What is IPDS? Integrated Processing Development Scheme (IPDS) is a government sponsored scheme ..

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Exercise caution while accepting PIL challenging public appointments: Supreme Court to HCs

November 5, 2013

The Supreme Court clarified that the jurisdiction of the High Court while issuing a writ of quo warranto  is a limited one and can be issued only when the person holding the public office lacks the eligibility criteria or when the ..

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India’s Mangalyaan blasts off for 300-day odyssey to Red Planet

November 5, 2013

India’s ambitious Mars mission, orbiter Mangalyaan lifted off into space from Sriharikota spaceport, starting its 300-day voyage to study the Red Planet’s atmosphere. The 350-tonne rocket carrying the 1,340-kg spacecraft was launched from the space facility on November 5, 2013 ..

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"Malabar": India-US naval field training exercise to start

November 4, 2013

India and the US to start their next round of “Malabar” naval war-games in the Bay of Bengal on November 5, 2013. The exercise will be held from November 5, 2013 till November 11, 2013. The US Navy will deploy ..

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