The President Mrs.Pratibha Devi Singh Patil is on a 9-day state visit to the Seychelles and South Africa. She will discuss issues of bilateral, regional and International concerns with her counterparts in the two nations. Increasing bilateral trade relations with both the African countries is high on the agenda.
NAB: National Automative Board The government has finalized the proposal to set up NAB under the Department of Heavy Industry to support fresh initiatives for the growth of the automobile sector. NAB would be set up as an autonomous body constituting technical and domain experts to take up and synergise the ongoing and fresh go-aheads
Discounting a media report on "non-notified" troop movement by army, the government informed Rajya Sabha that the exercise was undertaken for training purpose directed at refining mobilization drills and preparedness of the force. Defence Minister A K Antony held that the movement was purely for training purpose aimed at refining the mobilization drills and ascertaining
The EC (Election Commission) has settled to relax the Model Code of Conduct, on an experimental basis, by permitting partial implementation of developmental schemes in those districts where by-polls will be held on June 12, 2012. Why this decision was taken by EC? The EC order came after several states, where by-elections are being held,
The RBI has demanded all RRBs (Regional Rural Banks) to double the limit for home loans to Rs 10 lakh from Rs 5 lakh for lending for the Priority Sector. The increment in the limit will be applicable for the bank loans extended to non-governmental agencies, sanctioned by National Housing Bank for their refinance, on-lending