Page-22 of 2012

Apple unveils iPad mini in India

December 10, 2012

Apple launched smaller version of the iPad, ‘iPad Mini’, in India. Highlights: 23% slim, and 53% lighter than the iPad tablet Battery life 10-hour Storage capacity: 16GB with basic version, 64GB with Advanced version Advance version has Retina display and ..

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RBI sets up supervisory colleges for SBI, ICICI

December 8, 2012

The RBI has for the first time established the ‘Supervisory College’ for cross border supervision of State Bank of India (SBI) and ICICI Bank. What is the role of “Supervisory College”? The main role of the supervisory college, comprising local ..

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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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