Page-7 of Current Affairs - June, 2014

PSUs have only 3 years to make 25% of their shares public: SEBI

With a view to boost primary markets, stock markets watchdog Securities and Exchange Board of India (SEBI) announced a number of reforms pertaining to IPO and Offer-for-Sale. SEBI proposed that all listed PSUs (Public Sector Undertakings) must have at least 25% public shareholding in 3 years. At present, there are over 36 PSUs where the ..

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Google to globalize “Project Loon” to provide internet to even the rural and remote areas of the world

In year 2013, Google launched Project Loon, a program that intends to provide Internet access to the rural and remote areas that constitute around 66% of the world’s population. The project uses balloons floating at high altitudes that move up and down as per the signals from building antennas. Each balloon in the network moves ..

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Steel to be dearer by up to Rs 1,000 a tonne

The recent 6.5% hike in railway freight rate has led to an increase of Rs 300 a tonne in the prices of steel products across the country. Traders are considering a further increase of Rs 700-1,000 a tone in coming days. Ingot rates at the standard Mandi Gobindgarh market in Punjab, India’s largest spot steel market, ..

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Obninsk plant: World's 1st nuke power plant turns sixty

Obninsk Nuclear Power Plant– world’s first nuclear power plant which epitomized the peaceful use of nuclear technology, particularly during the Cold War era, turned 60 on June 26. The plant is located in a village called Pyatkino in Obninsk city, some 150 kms from Moscow, Russia. It was unveiled on June 26, 1954. India’s then ..

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Gujarat govt provides 33% quota for women in police force

Gujarat CM Anandiben Patel announced 33% quota for women in police force. Though 33% reservation for women in police force already exists but due to stringent criteria for physical tests, the percentage could not be met. The government will adjust those criteria to facilitate women in passing the tests. The move by the state government is being viewed ..

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