Page-18 of 2012

No curb in Internet freedom: UN telecom head Hamadoun Toure

December 8, 2012

UN telecom body (International Telecommunication  Union, ITU) head Hamadoun Toure held that internet freedom will not be regulated or curbed. He clarified this in the recently held World Conference on International Telecommunications (WCIT-12) in Dubai. The objective behind WCIT-12 was ..

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India-Japan sign currency swap accord to enhance bilateral trade

December 8, 2012

Central banks of India and Japan (The Reserve Bank of India (RBI) and the Bank of Japan (BoJ) respectively) signed a 3-year Bilateral Swap Arrangement (BSA). How agreement will help? Help in addressing short-term liquidity problems Supplementing the existing international ..

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RBI's inflation comfort zone need not be changed: Rangarajan

December 8, 2012

Prime Minister’s Economic Advisory Council (PMEAC) C. Rangarajan pined not to alter the RBI’s inflation comfort level from 4-5%. In 1998, Rangarajan had considered inflation rate at 6% to 7% as “acceptable level”. At that time, inflation level was as ..

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Government to pour in Rs 4,000-cr capital into SBI

December 7, 2012

In order to boost the strength of country’s largest bank, SBI, government is expected to infuse Rs 4,000 in the bank. This will enhance bank’s Capital Adequacy Ratio (CAR) to over 13%. What is CAR? CAR is a key indicator ..

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World’s oldest woman dies at 116

December 7, 2012

The oldest person on this earth Besse Cooper passed away at the age of 116. She was from Georgia. In 2011, she was chosen as the world’s oldest woman by the Guinness World Records. After her death, the title now ..

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IOC suspends Indian membership

December 7, 2012

International Olympic Committee (IOC) has suspended India’s membership from Olympics. IOC has taken this strict step to stop tainted individual from contesting for top positions of Indian Olympic Association (IOA). What is the issue?

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Bifurcation of News Corp, Indian to be the CFO

December 7, 2012

News Corp would undergo a restructure of the top management of the company. The company has decided that the top management would split into the two publically traded firms. The bifurcation would separate newspapers like The Wall Street Journal, The ..

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‘Genetic accident’ behind evolution of human intelligence

December 7, 2012

As per scientists, a ‘genetic accident’ which occurred around 500 million years ago was the origin of intelligence when the genes that enabled humans to think and reason evolved. As per new findings, intelligence in humans developed as the result ..

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Ponting declares retirement from Test cricket

December 7, 2012

Ricky Thomas Ponting Former captain of Australian cricket team, Ricky Ponting  has announced retirement from Test cricket. His retirement has come after South Africa defeated Australia in the third test match in Perth to win the series. Test Matches: Matches: ..

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Ravindra Jadeja becomes first Indian to hit 3 first-class triple centuries

December 7, 2012

Left-handed batsman Ravidra Jadeja who plays for  Saurashtra (first class cricket), created history as he scored 320 not out against Railways at Rajkot and became the first Indian to smash three first-class triple hundreds. With this Jadeja has also joined ..

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