July 2012

Railways to establish NHSRC to execute bullet train project

July 31, 2012

With the aim to accelerate the ambitious high speed corridor project, the government will establish a corporation to exclusively deal with aspects like its tendering process and execution. The National High Speed Rail Corporation (NHSRC) will be created very soon to focus on execution of the bullet train project,...

300 crore compensation package to the victims of violence hit Assam : PM

July 31, 2012

A 300 crore compensation package for the violence hit people of Assam has been announced by the Prime Minister. The package includes Rs 100 crore for relief and rehabilitation in the worst affected districts. What happened in Kokrajhar? There occurred clash b/w the local Bodo community and the Muslims....

India detected undisclosed income equivalent to Rs 565 cr in France

July 31, 2012

Undisclosed income of Indians amounting Rs 565 crore has been detected in France. This revealing information was shared by France which it shared under the exchange of information clause of the Double Taxation Avoidance Agreement (DTAA) which India had signed with the European country.

India leaves China behind in export growth rate: WTO

July 31, 2012

India is now ahead of China in terms of exports growth rate. It registered an increase of 16.1% in 2011. The country is at the pinnacle in the list of all major trading countries in the world. As per the WTO Report 2012, India had the fastest export growth...

India successfully test fires user trial version of Brahmos supersonic cruise missile

July 31, 2012

India successfully test fired BrahMos supersonic cruise missile as part of a user trial by the Army from a Chandipur off Odisha coast. The Brahmos missile development is an Indo-Russian collaborative project. Range: 290 km Can carry conventional warhead of 300 kg Surface-to-surface Army version Two-stage missile Can fly...

Modi inclined to develop “Dholera SIR” by emulating Kobe

July 31, 2012

Gujarat Chief Minister Narendra Modi, on visit to Japan, has expressed his wish to develop Dholera SIR (Special Investment Region) as a model port city just like Kobe city in Japan. Dholera– Dholera is a town in Gujarat. It is an ancient port-city in Gulf of Khambhat (Cambay), 30...

India’s largest industrial solar plant starts functioning

July 31, 2012

India’s largest ever industrial solar plant in Ludhiana district of Punjab started functioning. This unit has been built to perform dual functions of producing solar power besides and providing permanent solution of disposal of large quantity of industrial waste water by evaporating it. The plant will provide relief to...

Prime Minister constitutes committee to review taxation of development centres & IT sector

July 31, 2012

To review taxation of development centres and IT sector a committee has been established by the Prime Minister Dr Manmohan Singh. The Committee will function in consultations with stakeholders and related government departments to finalize the Safe Harbour provisions announced in Budget 2010. It will also recommend the approach...

‘Quantum dot’ solar cells

July 31, 2012

Researchers from University of Toronto (U of T) and King Abdullah University of Science and Technology (KAUST) have developed the most efficient Colloidal Quantum Dot (CQD) solar cell ever. The cell has been built from inexpensive materials and it is certified at world-record 7.0 % efficiency. What are quantum...

India’s anti-ragging portal unveiled

July 31, 2012

Government of India launched an anti-ragging website ‘www.antiragging.in’ which will facilitate students of various universities, colleges and professional institutes to register online complaints against ragging or harassment and seek quicker action. The portal will be managed by UGC. The portal has been built by the Aman Satya Kachroo Trust...

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