Page-7 of Current Affairs - October, 2013

Government plans to launch interest rate futures

In order to deepen its financial market, the Govt is all set to launch  trading of government bond futures.  These interest rate futures would help banks and financial institutions and allow Indian policy makers with an estimate to evaluate market predictions for their future rate ..

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Chanda Kochhar ranked 4th in Fortune magazine's global list of top-50 women business leaders

ICICI Bank CEO and MD, Ms Chanda Kochhar has been ranked 4th in Fortune magazine’s global list of top-50 women business leaders. The list is topped by Brazilian energy giant Petrobras’ CEO, Maria Das Gracas Foster. Other Indians making it to the list ..

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New Zealand author Eleanor Catton wins 2013 Booker Prize

New Zealand author Ms Eleanor Catton became the youngest winner of the Man Booker Prize for fiction. She claimed the award for her novel “The Luminaries”. “The Luminaries” is the longest book ever to win the Booker Prize . Ms Eleanor Catton ..

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India tops new Global Slavery Index

“Global Slavery Index” published by the Australia-based Walk Free Foundation, ranked India first in terms of number of modern day slaves in the world. The index has ranked 162 countries based on 3 factors:- Estimated prevalence of modern slavery (including practices such as debt ..

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Govt proposes to build storage facilities for steady flow of foodgrains under Food Security Act

The Central Govt is planning to set up intermediate grain storage facilities at block level in each state. Objective:  To ensure steady flow of foodgrain under the National Food Security Act. Funding: Entirely centrally sponsored. Centre will provide Rs 450 crore ..

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Wal-Mart gets clean chit in FEMA case

World’s largest supermarket chain Wal-Mart, got a clean chit from ED (Enforcement Directorate) in the FEMA (Foreign Exchange Management Act) violation case. Why a clean chit to Wal-Mart in FEMA Case? Since Government has allowed FDI in multi-brand retail and also made ..

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6 Tata Group companies, Bharti Airtel and Mahindra & Mahindra amongst most transparent companies – Transparency International

As per the anti-corruption watchdog “Transparency International”, 6 Tata Group companies, Bharti Airtel and Mahindra & Mahindra were in its list of top 10 list of corporate entities among emerging market economies in terms of transparency in corporate reporting. Tata ..

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‘Great Indian Bustard’ in critically endangered stage

As per the  2013 ‘Threatened Bird’ list by the International Union for Conservation of Nature (IUCN), the Great Indian Bustard is  listed under the category of Critically Endangered birds. The Great Indian Bustard (Scientific name: “Ardeotis nigriceps”) was once widely spotted across ..

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"Co-operative societies do not come under RTI" – Supreme Court

Supreme Court held in a decision that the Co-operative societies do not fall within the ambit of Right to Information (RTI) Act. The decision was given while the apex court annulled a Kerala government circular to bring all such societies within the scope ..

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Plan to bring all Post Offices across India under the Core Banking Solution System

The Central Govt has planned to add all the post offices throughout India under the core banking solution system. Objective: To bring more rural areas with AADHAAR seeded accounts. Ms Nidhi Khare (the Adviser to the Planning Commission) held that ..

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