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Nalanda University in Bihar reopens after 800 years

September 3, 2014

Approximately 800 years after the ancient education institution was ruined, on September 1, 2014, Nalanda University (also known as University of Nalanda), in Bihar’s Rajgir district, commenced its first academic session. Nalanda is a Central University in Rajgir, about 55 ..

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OECD introduces ‘single global standard’ for automatic exchange of financial info

July 22, 2014

Taking a significant step towards combating the black money menace, the Paris-based Organisation for Economic Co-operation and Development (OECD) unveiled ‘single global standard’ for automatic exchange of financial account information between jurisdictions. To enable automatic exchange of financial account information ..

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Ukraine crisis: NATO suspends civilian and military co-operation with Russia

April 6, 2014

Following Russia’s annexation of Ukraine’s Crimea region, NATO suspended all practical civilian and military co-operation with Russia.  Russia’s annexation is being considered as a threat to European security. The 28-member NATO bloc gathered in Brussels (Belgium) for their first meeting since Russia’s ..

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Lativa becomes the 18th state to join the Eurozone

January 1, 2014

The Baltic nation, Latvia joined the Euro Zone, with the expectation that the euro will lower its borrowing costs and encourage investors by eliminating currency risk. It became the 18th member of the European Union, which uses the Euro as ..

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IMF approves 1.7 billion euro bail out to Greece

July 31, 2013

The International Monetary Fund (IMF) approved 1.72 billion Euros bail out to Greece after reviewing the country’s performance under the international rescue program. This payout means Greece has received around 8.24 billion Euros from the IMF under the bailout coordinated with the European ..

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Antonis Samara: New Prime Minister of Greece

June 23, 2012

The leader Antonis Samara, leader of New Democracy Party (NDP), a sworn in as the Prime Minister of Greece.  Samaras’s clinched 129 seats of 300 in the parliamentary elections. The NDP formed the new government with the support of socialist ..

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