P.V. Sindhu clinches Macau Grand Prix

India’s rising badminton star P.V. Sindhu achieved another feat as she lifted the Macau Open Grand Prix Gold title by defeating Canada’s Michelle Li in the final clash, in Macau. This is her second Grand Prix Gold title after the Malaysia Open in May 2013. Sindhu was recently conferred with the Arjuna award this year for her ..

Month: Current Affairs - December, 2013

Topics: Badminton • Canada • Current Affairs 2013 • Macau

Direct cash transfer better option than other anti-poverty schemes: Planning Commission

According to a study by the Planning Commission, the cost of bringing all households above the poverty line would have been Rs. 55,744 crore during 2011-12 if cash transfers were used instead of anti-poverty schemes.  This would have been sufficient to plug the poverty gap and would be just a fraction of annual anti-poverty budget ..

Month: Current Affairs - December, 2013

Topics: Current Affairs 2013 • Economy • Planning Commission • Socio-Economic

Cyber Coalition 2013: NATO’s largest-ever cyber-security exercise held in Estonia

NATO held Cyber Coalition 2013: Largest-ever cyber-exercises to practise averting large-scale, simultaneous cyber attacks on member states and their allies. The drill was hosted by National Defence College training center in Tartu, Estonia. Objective: Cyber Coalition an exercise with technical components to give its participants a good learning about NATO’s Cyber Defence capabilities, identify areas for ..

Month: Current Affairs - December, 2013

Topics: Austria • Current Affairs 2013 • Estonia • Finland • Ireland • IT • NATO • Sweden • Switzerland • US • USA

Medium enterprises to be included under priority sector: RBI

As per the Reserve Bank of India, the incremental bank loans to medium service enterprises (as defined in the Micro, Small and Medium Enterprises Development Act, 2006) provided after November 13, 2013, up to the credit limit of Rs 10 crore, would qualify as priority sector advances. This dispensation would remain in force up to ..

Month: Current Affairs - December, 2013

Topics: Current Affairs 2013 • Economy • IBPS • RBI

No capital gains tax or stamp duty on foreign banks converting to WoS

As per a notification by the Reserve Bank of India (RBI), the conversion of existing foreign bank branches into Wholly-owned Subsidiaries (WoS) in India will not be liable to capital gains tax or stamp duty. The central bank clarified that Government of India has inserted, by the Finance Act, 2012, a new Chapter XII-BB titled ..

Month: Current Affairs - December, 2013

Topics: Current Affairs 2013 • Economy • IBPS • RBI