Current Affairs : September 19, 2011

12 FDI Proposals worth Rs 242.88 Crore approved by the Union Government

  • The Union Govt declared support to 12 foreign direct investment (FDI) proposals worth Rs.242.88 crore in foreign exchange
  • The Foreign Investment Promotion Board (FIPB) headed by Economic Affairs Secretary R Gopalan cleared proposals


Justice Shivaraj Virupanna Patil, Karnataka Lokayukta Justice resigned over Charges of Violating Housing Society Laws

  • Facing charges of violating co-operative housing society laws, Karnataka Lokayukta Justice Shivaraj Virupanna Patil resigned from his post

  • Accusations are that he owned two residential sites in Bangalore city. Media reveal showed abnormality in the allocation of two residential plots to him and his wife.
  • Patil, who took charge as the Lokayukta on August 3, 2011 is the first ombudsman (Lokayukta) to leave office without completing the term
  • Justice Patil replaced Justice Santosh Hegde, whose report on illegal mining ended Yeddyurappa’s chief ministership in Karnataka


For defaulting on payment, BCCI suspends Kochi Tuskers

  • Due to non-payment of dues, BCCI, has suspended IPL franchise Kochi Tuskers Kerala
  • Decision was taken in the board’s yearly General Meeting as the franchise was incapable to pay its bank assurance amount in the set time


Japan to ink Memorandum Of Understanding with Tamil Nadu

  • Japan to sign MOU with Tamil Nadu Govt on Small and medium enterprises to invest in state
  • Mr. Tadashi Okamura, Chairman of Japan Chamber and Commerce and Industry (JCCI), held that MoU to motivate Japanese’s businessman in particular manufacture sector to take larger curiosity in India

Joint Strategic Military Exercises to be held by the CSTO countries

  • CSTO (Collective Security Treaty Organization): 7 former Soviet republics form the CSTO
  • CSTO to hold joint strategic military exercises code-named “Center 2011
  • Drills will begin are due to take place in Russia, Kazakhstan, Tajikistan and Kyrgyzstan
  • Game will be held under the leadership of Russian General Staff Chief Army General and the active phase of the drills will last until September 26, 2011

New BCCI chief: Narayanaswami Srinivasan

  • BCCI elected new office holders in the 82nd Annual General Meeting (AGM) 2011
  • Mr. Narayanaswami Srinivasan took over as the chief of BCCI from incumbent Shashank Manohar
  • New Chairman of IPL (Indian Premier League): Rajeev Shukla

India to take up with US administration its restrictive trade practices

  • India will take up with US administration its protective trade practices
  • These policies have made Indian exports to the US more expensive and raised costs of Indian IT companies operating in America
  • Anand Sharma , Commerce and Industry minister to meet up US trade representative Ron Kirk
  • Mr. Sharma is likely to build a well-built case for removal of the sharp increase in professional visa fees and the extra duties forced on Government imports
  • Mr. Sharma is also likely to ask for speedy restoration of the generalized system of preferences scheme that grants duty-free imports of specific goods from developing countries like India.
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