Page-4 of Current Affairs - August, 2013

Cabinet agree to nullify apex court’s verdict on lawmakers

August 27, 2013

The Union Cabinet agreed to two proposals which will allow those in jail to contest elections and also allow convicted MPs and MLAs to retain their membership during the pendency of their appeals even as they will be barred from ..

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Government approves bill to change collegium system

August 27, 2013

The government has decided to scrap the collegium system of appointing judges to the Supreme Court and High Courts. The Cabinet approved a bill which proposes replacing the collegium system with a Judicial Appointments Commission wherein the government will have ..

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Offshore markets affecting rupee fluctuations

August 27, 2013

The RBI stated in its annual report that the Non-Deliverable Forwards (NDF) markets are exerting more pressure on the onshore currency market, especially when rupee is under stress.  The rupee has nearly declined 21 % so far this fiscal. As ..

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Afghanistan permits SAIL to develop Hajigak assets in phases

August 26, 2013

Afghanistan conveyed the SAIL-led team that it did not have any objections to the $10.8 billion iron ore and steel plant project being developed in phases in Hajigak Mine. Where is Hajigak mine? Hajigak Mine is the best known and largest ..

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Asian currencies slide down on Fed signals

August 26, 2013

With the indication by the Federal Reserve Bank of the US that the central bank could start scaling back its stimulus as early as September 2013 various Asian currencies fell as a response to this. The rupee continued to depreciate ..

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Robert Mugabe takes oath as the President of Zimbabwe

August 26, 2013

Veteran leader Robert Mugabe took oath as Zimbabwe’s President for another 5 year term. The presidential elections in Zimbabwe were marred by controversy with the opposition leader Morgan Tsvangirai alleging that the election was flawed, with registration problems that may ..

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