Current Affairs - June, 2014

Nita Ambani became First woman director on Reliance board

Nita Ambani, wife of Reliance Industries Chairman Mukesh Ambani, became the first woman to be appointed on the board of the country’s largest private company Reliance Industries Limited (RIL). The appointment of Nita Ambani on the board of Reliance Industries Limited (RIL) fulfills the requirement of a new law according to which listed companies are required ..

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India ranked 143 on Global Peace Index 2014

Global Peace Index (GPI) for year 2014 has been released by Institute for Economics and Peace in London. The GPI measured peace in 162 nations on the basis of 22 parameters. India slipped two ranks than previous year and has been positioned 143rd in the global rankings. Some key observations from GPI 2014: Syria replaced Afghanistan ..

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RBI uses OMOs to absorb excess rupee from the system

The Reserve Bank of India (RBI) conducted Open Market Operations (OMOs) to sell Rs 2,255 crore of government bonds between June 2 to June 6, 2014, to absorb excess rupee liquidity it has injected into the system through dollar purchasing. As per market experts, the apex bank may have also been trying to curb volatility ..

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Do away with the post of Revenue Secretary, merge CBDT, CBEC: Shome Panel on TARC

The government appointed Tax Administration Reform Commission (TARC), headed by Parthasarathi Shome, has recommended some radical reforms in tax administration which include: Abolition of the post of Revenue Secretary Amalgamation of CBDT and CBEC Broaden the use of Permanent Account Number (PAN) Avoid retrospective amendments to tax laws Income Tax Return should also include wealth tax ..

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TCS en route to become world's second biggest tech employer

Tata Consultancy Services (TCS) is very close to becoming world’s second biggest tech employer. Currently, with over 3 lakh employees, it has already become the world’s 3rd largest employer in the technology sector. Considering the pace at which it is expanding, it could become the second largest employer by the end of 2014, overtaking Hewlett-Packard, ..

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