Page-3 of Current Affairs 2013 Current Affairs, GK & News

Lativa becomes the 18th state to join the Eurozone

January 1, 2014

The Baltic nation, Latvia joined the Euro Zone, with the expectation that the euro will lower its borrowing costs and encourage investors by eliminating currency risk. It became the 18th member of the European Union, which uses the Euro as its currency and the fourth smallest economy in the euro zone after Malta, Estonia and ..

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Aam Aadmi Party-led Delhi government Okays 50% power subsidy

January 1, 2014

The Aam Aadmi Party-led Delhi government declared 50% subsidy on the power tariff to benefit approximately 28 lakh households, after announcing 667 litres of water free of charge to all households in the capital who have metered connections. Salient Features of the Power Tariff Subsidy 50 % subsidy would be provided to domestic electricity consumers, ..

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‘Millionaire Tax” approved by the French constitutional council

January 1, 2014

The French Constitutional Council approved the government’s controversial “millionaire tax” proposal for companies to pay 75% tax on annual salaries exceeding €1 million  ($1.375 million USD), in line with President Francois Hollande’s drive to limit executive pay at a time of economic hardship. To reduce France’s budget deficit, the increase in tax raised discontent among ..

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Survey by Trend Micro: Bitcoin malware, India among top targets

January 1, 2014

As per a survey conducted by the IT security firm Trend Micro, Bitcoin mining malware is infecting millions of computers globally and extending the threat of cyber security risks for users of the cyber currency. Thousands of computers, including in India, are being infected with malwares related to the virtual currency. Bitcoin mining is resource-intensive and ..

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RBI extends deadline to issue inflation-indexed bonds

January 1, 2014

The Reserve Bank of India (RBI) extended the time for issuance of Inflation Indexed National Savings Securities Cumulative (IINSS-C) bonds (or inflation linked bonds) by three months to March 31, 2014, from December 31, 2013. The issuance can be closed earlier than March 31, 2014 with a prior notice. Why RBI extended the deadline to ..

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