Page-3 of Current Affairs - October, 2011

SEBI (Alternative Investment Fund) Regulations

Investment products other than the traditional investments in stocks, bonds, cash, or property are called Alternative Investments. There is no proper definition of AI but it includes commodities, private equity, hedge funds, venture capital, and financial derivatives as well as assets such as paintings, other arts, wines, antiques coins and stamps. Most of the alternative ..

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Highlights of Prime Minister’s Economic Advisory Council report

Country’s growth pegged at 8.2 percent for 2011-12 Inflation to ease to 6.5 percent only by the end of this fiscal Important role for fiscal policy to contain demand pressure RBI will follow tight monetary policy till inflation shows definite signs of decline Agriculture to grow at 3 percent as monsoon to remain more-or-less normal ..

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Impact of US Rating Downgrade on India: Some Reactions

Cost of borrowing for the US may go up by a few percentage points. But that would not really affect India. Dollar still remains dominant and potent currency in the world(Statement of Pratip Chaudhuri, SBI CHAIRMAN) I see the US downgrade, and indeed, the continued global slowdown, as signs of a structural shift of the ..

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CAG reports Rs. 5000 Crore loss in Air India

The recent finding of the Comptroller and Auditor General of India has opened another pandora’s box for the UPA-II Government. CAG has found that AI and erstwhile Indian Airlines lost Rs 2,100 crore in a 111-aircraft deal during UPA-I through faulty purchase and bridge loan deals and also avoidable expenses incurred because of delay in ..

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RBI to circulate new coins in India

The Reserve Bank of India will shortly put into circulation coins of fifty paise, one rupee, two rupees, five rupees and ten rupees denominations. The coins of fifty paise, one rupee and two rupees are composed of ferritic stainless steel-iron 83% and chromium 17%. The coins of five rupees are made of nickel brass-copper 75%, ..

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