Page-20 of Current Affairs - October, 2013

India-Bangladesh power transmission link opened

In a historic event, Prime Minister Manmohan Singh inaugurated  the India- Bangladesh Grid interconnection in Bangladesh through a video-conference. The key 71-km Baharampur-Bheramara transmission link between the electricity grids of the two countries will boost the ties between the two nations.  The link would facilitate cross-border electricity transfer of up to 500 mega watt (MW) from ..

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Double food subsidy, grains to Bihar: Jairam Ramesh

According to Union Minister for Rural Development, Bihar would get double foodgrain allocation and food subsidy following the implementation of National Food Security Act (NFSA). It would make Bihar the biggest beneficiary of the NFSA and the state would start getting 56 lakh tonnes of foodgrains per annum against its current allocation of 28 lakh tonne per annum. Similarly, ..

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SEBI merges FIIs and QFIs into new FPIs category

Stock market regulator, the Securities Exchange Board of India (SEBI) announced Foreign Portfolio Investor (FPI) regulations aimed at wooing foreign investors. SEBI, through these new rules, intends to ease the registration process and operating framework for foreign investors. Under FPIs, SEBI has included all Foreign Institutional Investors (FII) and Qualified Foreign Investors (QFI). What are ..

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Arundhati Bhattacharya becomes first woman Chairman of SBI

 Arundhati Bhattacharya, Managing Director and Chief Financial Officer of State Bank of India, has become its first woman Chairman. She succeeds Pratip Chaudhuri who retired as Chairman on September 30, 2013. Bhattacharya, who joined SBI as a probationary officer in 1977, will be at the apex position of the bank until March 2016. The Govt. appointment Arundhati ..

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IGI and Birmingham airport ink ‘Sister Airport Agreement’

With an aim to further strengthen trade and tourism links between the two cities, the Indira Gandhi International Airport (Delhi) and Birmingham Airport entered into an MoU called Sister Airport Agreement.  While 36 million passengers and over half a million ton of cargo pass through IGI Delhi annually, Birmingham Airport (UK) handles more than 9 million passengers a ..

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