Some Persons in News :
- Commerce Secretary Rahul Khullar appointed the new chairman of the Telecom Regulatory Authority of India (TRAI).
Before an IPO that values the social networking site Facebook at as much as $96 billion, the billionaire co-founder of Facebook Inc. Eduardo Saverin renounced his US citizenship.
The move may decrease his tax bill. Saverin’s stake is 4%, as per the website Who Owns Facebook. At the high-end of the IPO valuation, that would be worth about $3.84 billion. His holdings aren’t listed in Facebook’s regulatory filings.
Saverin, joins a growing number of people giving up US citizenship, a move that can cut their tax liabilities in US. Saverin lately found it more useful to become a resident of Singapore.
- Mr. Francois Hollande sworn in as President of France.
- Became the First Socialist in 17 years to occupy the Elysee Palace.
Cine superstar Rekha took oath as a member of the Rajya Sabha.
Month: Current Affairs - May, 2012