Page-5 of Current Affairs - December, 2012

FDI ceiling in ARCs increased to 74%

With an aim to attract greater foreign expertise in the domain of asset reconstruction, the government has raised the foreign investment ceiling in Asset Reconstruction Companies (ARCs) to 74% from previous 49%. However, FDI in ARCs would need to abide by the Foreign Direct Investment (FDI) policy, including the one related with sectoral caps. Here, ..

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'No religion' group is world third-largest, after Christians and Muslims

As per a study entitled “The Global Religious Landscape” by the Pew Forum on Religion and Public Life, People with no religious affiliation make up the third-largest global group after Christians and Muslims and just before Hindus. Islam and Hinduism mostly likely to expand in the future while Jews have the weakest growth prospects. Christianity ..

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Tea Board annuls 156 licences

The Tea Board of India cancelled the permanent licences of 156 tea exporters for non-performance. Many of the exporters were found to be bogus. Why licenses were cancelled? It was found that these exporters were neither performing nor submitting the returns as per a statutory need. The Export licences are given under the Tea Distribution ..

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Indian American lasik pioneer to be honored with America’s top inventor award

Indian American Rangaswamy Srinivasan, has been nominated by President Barack Obama for the National Medal of Technology and Innovation. Why this award? Why this laser is unique? About National Medal of Technology and Innovation

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Justice Swatanter Kumar is new NGT chief

Justice Swatanter Kumar has become the first Supreme Court judge to  be the chairperson of the National Green Tribunal (NGT) which was, till now, functioning without a full-time chairperson. He will decide on cases pertaining to environmental protection, and conservation of forests and natural resources. What is NGT?

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