Page-10 of Current Affairs - July, 2012

China promises $ 20 Billion Loan to Africa

July 24, 2012

China has promised to provide $ 20 billion loan to African countries over the next three years. The announcement was made by the Chinese President Hu Jin Tao at the opening session of the 5th Forum on China-Africa Cooperation (FOCAC) in ..

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Sally Ride: First American woman astronaut passed away

July 24, 2012

Sally Ride (61), the first US woman to travel into space passed away. In June 1983, at the age of 32, she blasted off in the US space shuttle Challenger. Ride graduated from Stanford University with master’s and doctorate degrees ..

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$ 3 billion compensation to Sudan for economic losses: South Sudan

July 24, 2012

South Sudan has extended a compensation of more than 3 billion dollars to its neighbor Sudan for economic losses incurred due to the South’s independence. They are negotiating in Ethiopia to resolve bitter differences ahead of a U.N deadline on ..

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Renminbi, Rupee included in ADB’s TFP

July 23, 2012

Noticing the expanding influence of the economies of China and India among the Asian economies, the Asian Development Bank (ADB) decided to encourage and support deals denominated in their local currencies under its Trade Finance Programme (TFP) as intra-regional trade ..

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1st woman to head African Union Commission

July 23, 2012

African leaders elected Ms Nkosazana Dlamini-Zuma to head the African Union (A.U.) Commission. She is the first woman to gain such a position. Ms. Dlamini-Zuma, South Africa’s Home Affairs Minister, defeated the incumbent, Jean Ping of Gabon, in a challenging ..

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Govt to uphold TUFS in the 12th plan

July 23, 2012

Commerce, Industry and Textiles Minister Anand Sharma announced that the Technology Upgradation Fund Scheme (TUFS) for the textile sector would be continued in the XII Plan. The scheme has been allocated Rs.15,886 crore. There is an increase in the amount ..

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