Page-2 of Current Affairs - October, 2011

Operation Shady RAT

October 30, 2011

Recently, biggest ever series of cyber attacks uncovered to date, in which hackers were found to have broken into networks of the Indian government, United Nations and US defence companies, with security experts pointing to China as the culprit. This ..

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Oxygen in Orion constellation

October 30, 2011

Recently, the European Space Agency’s Herschel telescope has found the first confirmed evidence of oxygen molecules in space. The Oxygen molecules have been found in the star forming region of the Orion constellation. Oxygen gas was discovered in the 1770s, ..

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SEBI (Alternative Investment Fund) Regulations

October 30, 2011

Investment products other than the traditional investments in stocks, bonds, cash, or property are called Alternative Investments. There is no proper definition of AI but it includes commodities, private equity, hedge funds, venture capital, and financial derivatives as well as ..

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Highlights of Prime Minister’s Economic Advisory Council report

October 30, 2011

Country’s growth pegged at 8.2 percent for 2011-12 Inflation to ease to 6.5 percent only by the end of this fiscal Important role for fiscal policy to contain demand pressure RBI will follow tight monetary policy till inflation shows definite ..

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Impact of US Rating Downgrade on India: Some Reactions

October 30, 2011

Cost of borrowing for the US may go up by a few percentage points. But that would not really affect India. Dollar still remains dominant and potent currency in the world(Statement of Pratip Chaudhuri, SBI CHAIRMAN) I see the US ..

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CAG reports Rs. 5000 Crore loss in Air India

October 30, 2011

The recent finding of the Comptroller and Auditor General of India has opened another pandora’s box for the UPA-II Government. CAG has found that AI and erstwhile Indian Airlines lost Rs 2,100 crore in a 111-aircraft deal during UPA-I through ..

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RBI to circulate new coins in India

October 30, 2011

The Reserve Bank of India will shortly put into circulation coins of fifty paise, one rupee, two rupees, five rupees and ten rupees denominations. The coins of fifty paise, one rupee and two rupees are composed of ferritic stainless steel-iron ..

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Why Two year Extension to Subbarao?

October 30, 2011

Recently, the PMO office has announced a two-year extension for Reserve Bank of India governor D Subbarao. We note that it’s Finance Ministry, which deals with the RBI Governor appointments, but this time PMO, makes a statement and the objective ..

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