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 ..
Month: Current Affairs - October, 2011
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 ..
Month: Current Affairs - October, 2011
Topics: Economic history of Pakistan
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 ..
Month: Current Affairs - October, 2011
Topics: Anand Mahindra • BSE SENSEX • CNX Nifty • Companies • Downgrade • Economy of India • Mahindra & Mahindra • Pratip Chaudhuri • Service companies • Standard & Poor's • T. K. Kurien • Wipro
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 ..
Month: Current Affairs - October, 2011
Topics: Comptroller and Auditor General of India
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%, ..