Page-33 of Current Affairs - November, 2012

Sistema issue: India hopes agreeable solution

November 1, 2012

In reply to Russia’s comment to take the cancellation of 2G license of Sistema for international arbitration if it is not resolved in Indian courts, India has said that the matter is commercial and all parties are free to take legal recourse that they deem appropriate to meet their commercial goal. What is the matter ..

Month: 

Category: 

Topics:  • • • •

India, U.K. amend convention on DTAA

November 1, 2012

India and the U.K. inked a protocol amending the 1993 bilateral convention on avoidance of double taxation and prevention of fiscal evasion related to taxes on income and capital gains. Main features of this protocol: Streamlining the partnership and taxation of dividends provisions in both the countries. Provide tax stability to the residents of the ..

Month: 

Category: 

Topics:  • • • •

Australian schools to teach Hindi; Australia releases the Asian Century White Paper

November 1, 2012

Announcing that Asia’s rise is “unstoppable”, Australia brought out a challenging plan aimed at fortifying its links with India and other booming economies of the Asian region. The Australian plan includes teaching languages like Hindi and Mandarin in its schools. All Australian schools will engage with at least one school in Asia to support the ..

Month: 

Category: 

Topics:  • • • •

CRR: 4.25%

November 1, 2012

The Reserve Bank of India (RBI) cut the Cash Reserve Ratio (CRR) by 25 basis points from 4.5 to 4.25 percent. Why this step? The reduction in the CRR is expected to infuse liquidity to the tune of around Rs. 17,500 crore into the banking system. By doing this RBI intends to preempt a prospective ..

Month: 

Category: 

Topics:  • • • •

Superstorm Sandy

November 1, 2012

Superstorm Sandy batters New Jersey coast of US Hurricane Sandy (also referred to as Superstorm Sandy) a tropical cyclone that severely affected portions of the Caribbean, Mid-Atlantic and Northeastern United States in late October 2012. Sandy developed from a tropical wave in the western Caribbean Sea on October 22, 2012 Superstorm Sandy hit the US ..

Month: 

Category: 

Topics:  • •

Land Acquisition Bill

November 1, 2012

New modifications in Land Acquisition Bill draft The government has brought some fresh changes in the draft Land Acquisition Bill . As per new changes, the level of consent of landowners for acquiring land for private purpose has been made stiffer. Following these changes, the percentage of land owners, whose consent is a must for ..

Month: 

Category: 

Topics:  • •