Current Affairs - June, 2014

Iraq crisis could impact oil prices in India

Indian government is keeping a close watch on the ongoing crisis in Iraq where terrorist groups led by ISIS (Islamic State in Iraq and Syria) are attacking and capturing regions in the country. Though the crisis hasn’t yet caused any disruption in the country’s crude oil supplies to India, it has the potential to push ..

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Canada's York University confers honorary doctorate upon Ratan Tata

Canada’s prestigious York University bestowed Ratan Tata with an honorary doctor of laws degree for his pursuit of innovation and role in promoting corporate social responsibility. The chairman emeritus of Tata Sons is viewed as one of the great architects of modern India and one of the great global visionaries in business. He has become ..

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“Project Mausam”: Culture Ministry initiative to explore multi-faceted Indian Ocean

India’s Union Ministry of Culture launched “Project Mausam” at the 38th summit of the World Heritage Committee in Doha, Qatar. The Project aims to explore the multi-faceted Indian Ocean region and collaborate archaeological and historical research in order to document the diversity of cultural, commercial and religious interactions in the Indian Ocean. Several countries including China, ..

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UP Chief Minister Akhilesh Yadav presents tax free budget

Uttar Pradesh Chief Minister Akhilesh Yadav presented a budget of a size of Rs 2,74,705 crore for this fiscal, with a proposed deficit of Rs 4,132 crore and no new taxes have been proposed. Some key observations from UP Budget 2014-15: The size of the budget for fiscal 2014-15 is Rs 2,74,705 crore which is a 24% ..

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Mayaram Committee’s definitions of FDI, FII accepted by the Government of India

The Government of India has accepted the report of Mayaram Committee thereby accepting the definitions of FII and FDI. The panel headed by Finance Secretary was set up to rationalize the definitions of FII and FDI. Some key points from Mayaram Committee Report: Foreign investment of 10% or more in a listed company will now ..

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