Page-30 of Current Affairs - May, 2013

Attempt to boost tourism with the development of Vizag-Bheemli beach corridor

Union tourism Ministry approved Rs.45 crore to AP Tourism Development Corporation (APTDC) for the development of Visakhapatnam-Bheemunipatnam Beach Corridor Mega Circuit. It will cover the stretch of 26km which goes along the beach between two Ports in Andhra Pradesh. Objective: Provide state of art transport facilities between the two major tourist port locations. Earn global ..

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Direct cash through Aadhaar to save 0.5% of GDP for India: IMF

International Monetary Fund  quoted that integration of direct cash transfer with Aadhaar will take time but the scheme will help Indian government save 0.5 per cent of the GDP. Benefits Better targeting of spending on the poor Indian government save 0.5 per cent of the GDP The combination of schemes will eliminate the estimated 15 ..

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MCX-SX to launch trading in F&O on SX40

MCX Stock Exchange will introduce trading in derivative contracts on its flagship index —SX40 from 15th May 2013. SX40 is a free float based index of 40 large-cap liquid stocks representing diversified sectors of the economy Benefit:  It will take Indian markets closer to global investors and introduce global best practices in the domestic market ..

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