Page-14 of Current Affairs - February, 2013

India’s domestic savings declines to 30% this fiscal

February 9, 2013

As per the warnings of India Ratings, the national savings rate will further plunge to 30% or so this fiscal, from 30.8% of the GDP last fiscal, if the advance estimates of national income are considered. How would it affect ..

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NTPC disinvestment raises Rs 11,000 crore

February 9, 2013

Following the target of Rs. 30,000 to be raised through disinvestment in this fiscal, the government has sold 9.5% share of NTPC through Offer for Sale (OFS) through which the government mobilized about Rs 11,400 crore (about $2.1 billion). So ..

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L.N. Tallur wins Skoda Art Prize 2012

February 9, 2013

Renowned artist L.N. Tallur from Karnataka, whose works portray majorly the underbelly of India, has won the Rs. 1 million Skoda Prize 2012 for contemporary art. In his exhibition titled “Quintessential” Mr. Tallur narrates his theory of ‘5th dimension’. He ..

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Aircel offers ‘Mobile Money’

February 9, 2013

The Telecom operator Aircel has launched a new service called ‘Mobile Money’ in collaboration with ICICI Bank and Visa to enable its customers transfer money, pay bills and withdraw cash by using only their mobile phones—without having to make a ..

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Iranian President Ahmadinejad becomes first Iranian leader to visit Egypt since Islamic Revolution of 1979

February 9, 2013

Iranian President Mahmoud Ahmadinejad became the first Iranian leader to visit Egypt after Tehran’s 1979 Islamic revolution. He visited Egypt capital Cairo for attending the summit of the Organisation of Islamic Cooperation (OIC).   Significance of 1979 Islamic Revolution The ..

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Book on Netaji presented to the President

February 9, 2013

A book titled Netaji Subhash Chandra Bose and Germany compiled by Professor Anita B. Pfaff was given to the President of India Pranab Mukherjee. The book was published by the Federation of Indo-German Societies in India.  The book tells interesting ..

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Environment Ministry exempts linear projects from taking clearance from Gram sabha

February 9, 2013

From now on, linear projects, such as roads, transmission lines and gas pipelines will not have to seek consent of gram sabhas to get clearance under the Forest Rights Act as the Environment Ministry has exempted these projects from it. ..

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Thirty Software companies detach from NASSCOM to form “iSpirt”

February 9, 2013

30 Indian software product companies have decided to form a new association called the Indian Software Product Industry Round Table, or “iSpirt”. Why this separation? Software companies involved in forming the new group have felt the need to create a ..

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Corporation Bank launches new variants of savings bank accounts

February 8, 2013

Corporation Bank has rolled out two new types of savings accounts namely SB Super and SB Signature. A customer should maintain a minimum Quarterly Average Balance (QAB) of Rs 15,000 for SB Super and Rs 1 lakh for SB Signature. ..

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PNB buys 30% stake in MetLife India

February 8, 2013

Punjab National Bank which is India’s second-largest bank has acquired a 30% stake in the Indian subsidiary of the biggest US life insurer MetLife at an unrevealed amount.

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