Page-4 of Current Affairs - September, 2013

Investment through P-Notes hits 3-month high of $26 billion

September 26, 2013

As per share market regulator SEBI, investments into Indian shares through participatory notes (P-Notes), hit a three-month high of Rs 1.65 lakh crore (about $26 billion) in August 2013. What are Participatory Notes? Participatory Notes or P-notes are derivative instruments, used by ..

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Moody's lowers SBI's debt and local currency rating to junk

September 26, 2013

Global rating firm, Moody’s Investors Service, has downgraded State Bank of India’s senior unsecured debt and local currency deposit ratings to Baa3 or lowest investment grade rating from Baa2 and altered the outlook on SBI’s financial strength rating to negative from ..

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Three members of National Ganga River Basin Authority resign

September 26, 2013

Three expert members- Rajendra Singh, Ravi Chopra and Rashid Siddiqui resigned from the National Ganga River Basin Authority (NGRBA) which was set up with the objective of protecting the Ganga from pollution and overuse.  The members were disquieted over the ..

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Govt of India launches Jiyo Parsi scheme

September 26, 2013

With the aim to contain the dwindling population of Parsis in India, the Jiyo Parsi scheme has been launched by the Ministry of Minority Affairs, Government of India. What is Jiyo Parsi scheme? Jiyo parsi scheme has the objective of ..

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Grameen Bank (Bangladesh) to be brought under Central Bank jurisdiction in Bangladesh

September 26, 2013

The Grameen Bank, the Nobel Peace Prize winning microcredit organization of Bangladesh, will be brought under the control of country’s central bank to give the authorities more powers over the organization. The decision by the government follows the recommendations of ..

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Union Government launches Seekho Aur Kamao (Learn and Earn) Progrmme

September 26, 2013

Union Ministry of Minority Affairs, Government of India launched Seekho Aur Kamao (Learn and While) Scheme for Skill Development of Minorities. What are the key objectives of the scheme Learn and Earn? The main objectives of this scheme are: Reduce ..

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BlackBerry to be bought by Prem Watsa-led Fairfax group for $4.7 billion

September 26, 2013

Canadian firm Fairfax signed a letter of intent with Ontario based Blackberry making an offer to acquire the pioneering mobile maker. BlackBerry was once a leader in mobile tech but has been squeezed by rivals Android and Apple, which coincidentally ..

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Earthquake forms methane spewing island off Gwadar in Pakistan

September 25, 2013

A powerful earthquake (7.7 ) that hit the Makran zone caused a methane and mud spewing island to form off the coast of Gwadar in Balochistan province of Pakistan. How did earthquake (7.7 ) that hit the Makran zone  happen? The ..

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