Page-2 of Current Affairs - May, 2012

Rs 35,000 Cr debt restructuring package for textile sector

May 31, 2012

The Centre agreed upon a Rs 35000 crore debt restructuring package to the textile sector. Step is taken to support the textile industry in this moment of crisis. The total outstanding debt of the textiles sector is Rs 1,55,809 crore of which debt of Rs 35,000 crore requires restructuring. Govt would issue directives to Banks ..

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India to be second largest producer of crude steel by 2015

May 31, 2012

As per the Government, India is expected to become the 2nd largest producer of crude steel in the world by 2015 Steel Industry in India: Contributes over 2% to the GDP. Production has escalated from 66 million tonne per annum in 2008-09 to 89 million tonne per annum in 2011-12 Per capita steel consumption has ..

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World Chess Championship: Viswanathan Anand keeps the crown

May 31, 2012

Indian Grand Master Viswanatan Anand retained the FIDE ( Federation Internationale des Echec) World Chess Title for the record 5th time Defeated Boris Gelfand of Israel after 2nd round of tie breaker game in Moscow The title has been held by Anand since 2007

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Committee on review of functioning of PSCs

May 31, 2012

Govt constitutes committee to review the functioning of Petroleum Service Companies (PSCs) in the country. Who will head this Committee? The committee will be headed by the Prime Minister’s Economic Advisory, Dr. C. Rangarajan Objectives: Review the current profit-sharing mechanism with the Pre-Tax Investment Multiple of PSCs Provide recommendation for necessary modification for the future ..

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Indo-Bangladesh Trade Fair 2012 in Dhaka

May 31, 2012

The 3rd Indo-Bangladesh Trade Fair 2012 to begin Dhaka. The Trade Fair is being organized by the India Bangladesh Chamber of Commerce and Industry.

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