Page-2 of Current Affairs - June, 2012

India and S.Korea to foster co-operation in civil nuclear energy & space activities

India and South Korea agreed to bolster civil nuclear energy cooperation as well as space activities, including the launch of Korean satellites by India. Both sides judged the developments and expansion of their Strategic Partnership during the second India-Republic of ..

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European Union to utilize Eurozone’s permanent bailout funds to help troubled banks

The EU leaders have decided to use the Eurozone’s permanent bailout funds to support struggling banks directly, without raising government debt. EU leaders also agreed that bailout funds could be utilized to stabilize financial markets, which implies buying government debts ..

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Finance Ministry suggests monetary limit in draft guidelines to invoke GAAR

To attend to investor apprehensions over taxation issues, the Finance Ministry has proposed a monetary limit for invoking the contentious General Anti-Tax Avoidance Rules (GAAR) in its draft guidelines. As per the guidelines, GAAR provisions would be invoked only in ..

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Coca Cola to invest 5 billion dollars in India by 2020

Coca-Cola Company announced that it would invest $5 billion in the country between 2012 and 2020. The company aims to double its business visualizing vast growth opportunities in the country. The company directly hires more than 25,000 people in India ..

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The Indian Embassy in UAE to hold Open Days

The Indian Embassy in UAE decided to organize Open Days on a regular basis on the first Sunday of each month. The move aims to attend to the grievances of the local Indian community regarding consular, community and other matters.

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India, Israel sign agreement to enhance bilateral relation in the Tourism Sector

India and Israel signed an MoU to promote the bilateral relation in the tourism sector. Israel, under this pact, will set up a tourism office in Mumbai and amplify the frequency of flights to India. Israel will invest $ 660000 ..

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