India’s commitment prompts BRICS to aid Euro zone

India’s promise to inject $10 billion into the International Monetary Fund (IMF) triggered other BRICS member nations to pledge various amounts for bailing out Euro zone.  At the G-20 meet, albeit Chinese President Hu Jintao had already spoken before Prime ..

Month: Current Affairs - June, 2012

India need not transfer $10 bn into IMF right away

India may not be required to infuse $10 billion (Rs 55,000 crore) it promised at the G20 to the International Monetary Fund (IMF) for bailing out debt-trapped Euro zone if the global economic situation gets better The amount to be ..

Month: Current Affairs - June, 2012

Govt to write to states for zero tolerance towards crime against NE people

Government will write to all states seeking them to have zero tolerance towards crime against people from North East. Referring to the recent death of Dana Sangma in Gurgaon near Delhi and of Richard Loitum in Bengaluru besides allegations of ..

Month: Current Affairs - May, 2012

Current Affairs : July 12, 2011

Naresh Chandra Task Force Government to set up Task Force to review the existing National Security System The Task force to suggest the measures to fortify the security machinery in the non-conventional areas of the Country The Task Force set ..

Month: Current Affairs - July, 2011

Business & Industry Updates

1. May 1, 2009India’s foreign exchange reserves rose by $631 million for the week ended April 24 to $253.091 billion from $252.460 billion in the previous week.The reserves had dropped by $517 million for the week ended April 17 to ..