US nominee Korean-American Jim Yong Kim, has been chosen as the new president of the World Bank.
Ajay Piramal-owned Piramal Healthcare (PHL) has acquired worldwide rights to the molecular imaging research and development portfolio of Bayer Pharma for an undisclosed sum.
India's exports crossed the $300-billion mark, achieving the target set by the Commerce and Industry Ministry for 2011-12.
Rupert Murdoch-promoted Star Group on Monday said it is exiting from news business in India and will end brand association with the ABP Group in their joint venture that runs three news channels, Star News, Star Ananda and Star Majha.
20TH ASEAN SUMMIT HELD IN PHNOM PENH,CAMBODIA
THEME FOR 4th BRICS SUMMIT IN NEW DELHI-PARTNERSHIP FOR GLOBAL STABILITY,SECURITY N PROSPERITY
PAK TO DOUBLE TEA IMPORT BY 2015 FROM INDIA (mind u)
PRATIBHA PATIL GAVE SCOPE AWARD TO SAIL CHAIRMAN CS VERMA
SOUTH AFRICAN VERNOON PHILANDER TO TAKE FASTEST INTERNATINAL 50 TEST WICKETS
Japanese bank to roll out Cardless ATMs
=>Japan's Ogaki Kyoritsu Bank is set to be the first in the world to offer a cardless ATM that uses palm scanning technology. The bank plans to roll out the technology to 10 branches from September this year.
=>How will the Technology work?
The ATM machine will run on Fujitsu palm-scanning biometric technology, which recognises the unique pattern of veins in a palm. Bank customers will just need to scan their hand to get cash and access account details.
Date: 18th Apr 2012
Important News of the Day
Important News of the Day
1. BJP won MCD elections in Delhi.
2. Antony acts on Gen’s plaint, fast-tracks arms acquisitions
Border Infra, Rly Lines To Get Boost For Quick Troop Mobility.
3. NGRBA- National Ganga River Basin Authority.
4. THe Tokyo Sky Tree (2,080 ft), is the world's tallest TV tower.
5. Repo rate slashed to 8%, reverse repo 7%, bank rate is now 9%, MSF rate 9%....
6. RBI projected growth rate of 7.3% for the current fiscal year.
7. RBI dons activist hat for consumer cause, seeks zero balance a/cs to all, no pre-payment fees on loans.
8. ITC becomes top-weighted stock, beats RIL.
9. IMF lowers India’s 2012 growth forecast to 6.9%.
10. New York Times bags two 2012 Pulitzer Prizes for Explanatory and International Reporting.
11. No Champions Trophy after 2013.
2. Antony acts on Gen’s plaint, fast-tracks arms acquisitions
Border Infra, Rly Lines To Get Boost For Quick Troop Mobility.
3. NGRBA- National Ganga River Basin Authority.
4. THe Tokyo Sky Tree (2,080 ft), is the world's tallest TV tower.
5. Repo rate slashed to 8%, reverse repo 7%, bank rate is now 9%, MSF rate 9%....
6. RBI projected growth rate of 7.3% for the current fiscal year.
7. RBI dons activist hat for consumer cause, seeks zero balance a/cs to all, no pre-payment fees on loans.
8. ITC becomes top-weighted stock, beats RIL.
9. IMF lowers India’s 2012 growth forecast to 6.9%.
10. New York Times bags two 2012 Pulitzer Prizes for Explanatory and International Reporting.
11. No Champions Trophy after 2013.
Date: 19th Apr 2012
Important News of the Day
1. Agni-V (5,000 km range) launch put off due to weather, test will now take place today.
2. Angry after rocket fiasco, N Korea ups N-test ante.
3. Kayani seeks India’s help for Siachen solution.
4. IDBI Bank cuts its lending rate by 0.25%, HDFC Bank to follow suit.
5. Audi to buy Ducati for $1.1bn.
6. Ruias in talks to sell $1bn Aegis BPO.
7. Nestle may buy Pfizer unit for $9bn.
8. Inflation back as retail prices soar, CPI for March rose to 9.47%
- >> India has overtaken Japan to become the world's third-largest economy in purchasing power parity.>> ICICI Bank and Punjab National Bank took the lead among major lenders in lowering deposit and lending rates by 25 bps.>> India's exports surpassed $300-billion target in 2011-12 despite a slowdown in demand in major markets like the US and Europe.>> Adi Godrej is the new CII President.>> Maoists release Odisha BJD MLA Jhina Hikaka: TV ReportsPOSTED 1 DAY AGO #
telecom Regulatory Authority of India (TRAI) today issued the New Regulations for Mobile Banking in order to ensure faster and reliable communication for banking through mobile phones.
New regulations for Mobile Banking:-
i) Mobile companies have to enable banks to complete a transaction within ten seconds under the new rules.
ii) Telecom companies have to give banks and customers the option to transact using either SMS, Interactive Voice Response, IVR, or Unstructured Supplementary Service Data (USSD).
iii) The service providers can also optionally facilitate the bank to use WAP or Sim Application Toolkit (STK).
iv) Every access provider needs to maintain records of mobile banking messages for six months for audit purposes.
v) TRAI will monitor the quality of services offered by the mobile operators on a regular basis.
New regulations for Mobile Banking:-
i) Mobile companies have to enable banks to complete a transaction within ten seconds under the new rules.
ii) Telecom companies have to give banks and customers the option to transact using either SMS, Interactive Voice Response, IVR, or Unstructured Supplementary Service Data (USSD).
iii) The service providers can also optionally facilitate the bank to use WAP or Sim Application Toolkit (STK).
iv) Every access provider needs to maintain records of mobile banking messages for six months for audit purposes.
v) TRAI will monitor the quality of services offered by the mobile operators on a regular basis.
19.04.2012 current updates
1. Japan Introduced World's First Card-less ATM.
2. India achieved mile stone by successfully test firing its first Inter Continental Ballistic Missile Agni-5 today. Defence Research and Development Organisation (DRDO) Chief, Dr. V K Saraswat said that after the launch India joins the elite group of USA, China, Russia and France in having this capability.
3. A commemorative postage stamp was released by President Pratibha Patil to mark the birth centenary of India's eighth President R. Venkataraman at Rashtrapati Bhavan in New Delhi.
4. Country's exports grew by 21 per cent to 303.7 billion dollar in 2011-12 over the previous fiscal, while imports shot up by 32.1 per cent.
5. Union government announced to liberalise the External Commercial Borrowing (ECB) norms for the power sector. Power sector companies will now be able to use up to 40 per cent of ECB loans to refinance their rupee debt, provided the remaining 60% balance is utilised for investments in new projects.
6. Union Government today gave approval to Cairn India to raise output from its largest oilfield Mangala in Rajasthan block by 25,000 barrels per day to 150,000 bpd.
7. EU nations suspended sanctions against Myanmar for a year, opening the way to a potential trade and investment bonanza with over 800 firms
8. Consumer Affairs, Food and Public distribution Minister K V Thomas announced to set up an inter-ministerial group to tackle the menace of misleading advertisements.
9. NTCA (National Tiger Conservation Authority) reported the death of 3337 Tigers in India in the last decade.
10. Asian Badminton Championship 2012 started at the venue Qingdao, China.
11. Uttar Pradesh Chief Minister Akhilesh Yadav and 12 others were today declared elected unopposed to the state Legislative Council.
12. Chhattisgarh government announced to give financial benefit of Rs. 5,000 per month to the Padma Awardees of the state.
13. Croatia’s Ivan Ljubicic announced retirement from tennis after he suffered a defeat to Ivan Dodig at the Monte Carlo Masters Tennis Tournament.
14. Italian footballer Piermario Morosini died due to cardiac arrest during a second division football match. He was 25 yrs old.
1. Government allows Aviation sector to raise 1 billion dollars to manage its working capital through External Commercial Borrowing to help the ailing sector.
2. Union Govt. today approved 22 Foreign Direct Investment (FDI) Proposals amounting to over Rs. 586 Crore. The proposals have been approved on the recommendations of the Foreign Investment Promotion Board.
3. Central empowered committee appointed by Supreme Court recommended CBI probe against former Chief Minister of Karnataka B S Yedyurappa in the illegal mining case.
4. A Pakistani airliner with 127 passengers on board reportedly crashed near Chaklala airbase in the garrison town of Rawalpindi today.
5. India-UK Round Table on Innovation held in New Delhi today.
6. Government has announced to set up 14 innovation universities to establish global benchmarks for excellence in higher education and build an ecosystem of innovations and research.
7. Prime Minister Dr. Manmohan Singh will inaugurate a function to celebrate the seventh Civil Services Day in New Delhi tomorrow.
8. Madhya Pradesh Govt. has announced the distribution of food under Mid-day Meal Scheme to the students of the drought-affected areas during the summer vacations.
9. The President of Myanmar, Thein Sein, has arrived in Japan. This is the first visit to Japan by a Myanmar Head of State in almost three decades.
10.Central Government announced to launch a National Policy on Electronics (NPE) in the country.
11. Centre today told the Supreme Court that a new National Drug Policy would be in place shortly. The policy will consist of 438 essential medicines which are priced within the common man's reach.
12. Syria and the United Nations today signed an agreement on the terms of a ceasefire monitoring mission. In addition to this UN Chief Ban Ki-moon has called for 300 monitors to be sent on a three-month observation mission to Syria.
13. Italy today agreed to pay nearly $200,000 to each of the families of two dead Indian fishermen allegedly shot by Italian marines who mistook them for pirates.
14. IMF poised to secure $400 bn in crisis funding from its member nations.
2. Union Govt. today approved 22 Foreign Direct Investment (FDI) Proposals amounting to over Rs. 586 Crore. The proposals have been approved on the recommendations of the Foreign Investment Promotion Board.
3. Central empowered committee appointed by Supreme Court recommended CBI probe against former Chief Minister of Karnataka B S Yedyurappa in the illegal mining case.
4. A Pakistani airliner with 127 passengers on board reportedly crashed near Chaklala airbase in the garrison town of Rawalpindi today.
5. India-UK Round Table on Innovation held in New Delhi today.
6. Government has announced to set up 14 innovation universities to establish global benchmarks for excellence in higher education and build an ecosystem of innovations and research.
7. Prime Minister Dr. Manmohan Singh will inaugurate a function to celebrate the seventh Civil Services Day in New Delhi tomorrow.
8. Madhya Pradesh Govt. has announced the distribution of food under Mid-day Meal Scheme to the students of the drought-affected areas during the summer vacations.
9. The President of Myanmar, Thein Sein, has arrived in Japan. This is the first visit to Japan by a Myanmar Head of State in almost three decades.
10.Central Government announced to launch a National Policy on Electronics (NPE) in the country.
11. Centre today told the Supreme Court that a new National Drug Policy would be in place shortly. The policy will consist of 438 essential medicines which are priced within the common man's reach.
12. Syria and the United Nations today signed an agreement on the terms of a ceasefire monitoring mission. In addition to this UN Chief Ban Ki-moon has called for 300 monitors to be sent on a three-month observation mission to Syria.
13. Italy today agreed to pay nearly $200,000 to each of the families of two dead Indian fishermen allegedly shot by Italian marines who mistook them for pirates.
14. IMF poised to secure $400 bn in crisis funding from its member nations.
ALL ABOUT NUCLEAR CAPABLE AGNI 5--->
1.RANGE--> 5000 KM(ICBM TYPE---INTER CONTINENTAL BALLISTIC MISSILE)
2.TEST FIRED FROM ---> WHEELER ISLAND(ODHISA)
3.SPEED--6000 m/s
4.CONSTRUCTION---->MADE OF LIGHT WEIGHT COMPOSITE MATERIAL
5.WIDTH-->2 M
6.LENGTH-->17 M
7.WEIGHT-->50 TONNES
8.PAYLOAD--->1KG
9.SPECIAL TECHNIQUE----->MIRV( MULTIPLE INDEPENDENTLY TARGETABLE RE-ENTRY
VEHICLE)(WITH ONE LAUNCH CAN ATTACK SEVERAL PLACES SIMULTANEOUSLY)
VEHICLE)(WITH ONE LAUNCH CAN ATTACK SEVERAL PLACES SIMULTANEOUSLY)
10.3-STAGE PROPULSION SYSTEM(DEVELOPED BY ADVANCED SYSTEM LABORATORY HYDERABAD)
11.WHEN IN ARMY---->BY 2014-15
12.WHICH COUNTRIES HAVE THIS LIKE MISSILES---->USA,UK,RUSSIA,FRANCE,CHINA
^ ONGC chairman Sudhir Vasudeva appointed on the board of United Nations Global Compact
Sudhir Vasudeva, Chairman and Managing Director, ONGC has been appointed to the Board of the United Nations Global Compact (UNGC) by the Secretary General, BAN Ki-moon for a period of three years.
He is only the second business leader from India to join the UNGC Board that is the cornerstone of this initiative's framework and shapes its strategy and policy.
The UNGC is a strategic policy initiative for businesses that are committed to aligning their operations and strategies with ten universally accepted principlesin the areas of human rights
- Vodafone issues notice to Indian Government over tax issueVodafone issued notice to the Indian government under Bilateral Investment Treaty over tax issue between India and the Netherlands.1.Why Vodafone served this Notice?=>The Dutch subsidiary of Vodafone: Vodafone International Holdings BV (VIHBV) served a notice of dispute on the Indian government regarding proposals in the Finance Bill 2012 which it claimed, violated the international legal protections granted to Vodafone and other international investors in India.=>In the Budget, the government has announced a proposal to amend the Income Tax Act to bring overseas deals under tax net after the Supreme Court held that the UK firm was not liable to pay the 11,000 crore rupees in taxes.2.What is expected from India under the BIT b/w India and Netherlands?Under the BIT between India and the Netherlands, the Indian Government is obliged, amongst other things, to accord fair and equitable treatment to investors; provide full protection and security; not breach the legitimate expectations of investors in making investments; not deny justice or breach formerly provided assurances; and not take steps to indirectly expropriate the investment.
No comments:
Post a Comment