Page-3 of Current Affairs - October, 2011

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 ..


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 ..


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 ..


Why Two year Extension to Subbarao?

Recently, the PMO office has announced a two-year extension for Reserve Bank of India governor D Subbarao. We note that it’s Finance Ministry, which deals with the RBI Governor appointments, but this time PMO, makes a statement and the objective ..



Some facts on Ban on burqa, niqab, hijab in Europe

The burqa, niqab or hijab issue is part of a heated debate about multiculturalism in Europe. The issues involved are religious freedom, female equality, secular traditions and even fears of terrorism. Recently, a parliamentary commission in Italy has approved a ..


2011 London Riots

Tottenham in north London is an ethnically diverse area. The locals in this area were protesting against the death of a 29-year-old Mark Duggan, a black man and an alleged crack cocaine dealer and member of the ‘Star Gang’, was ..