Page-3 of November 2012 Current Affairs, GK & News

Gaza Cease-Fire Holds as Hamas Claims Victory

After 8 days of a bloody conflict, cease fire returned to Gaza. This was brought about by negotiated Egypt along with USA. This was the worst cross-border fighting in four years b/w Hamas and the Israel. Hamas, the Palestinian militant group formally claimed victory. Hamas leader Ismail Haniyeh thanked Egypt, in particular its game-changing President, ..

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States free to keep Chief Ministers out of Lokayukta: RS Select Committee

The Select Committee’s report on the Lokpal and Lokayukta Bill, 2011 was tabled in Rajya Sabha recently. The report: Makes it compulsory for States to enact a Lokayukta law within a year of the notification of the Central Act. Gives states the freedom to decide the contours of their legislation. Enables the States to use ..

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OVL to buy ConocoPhillips' 8.4% stake in Kashagan field

ONGC Videsh Ltd. (OVL) has finalized agreements for the acquisition of 8.40% Participating Interest (PI) of ConocoPhillips in the North Caspian Sea Production Sharing Agreement (NCSPSA), which included the Kashagan field in Kazakhstan. Kashagan Field is an offshore oil field located in the northern part of the Caspian Sea close to the city of Atyrau ..

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ISRO planning for a six-tonne ‘K’ band satellite

ISRO is planning to build/import six-tonne ‘K’band satellite. Objective: The K band will allow higher and faster data transmission on the Internet by at least 2-3 times what ISRO satellites offer at present It will suit VSAT operators who support this traffic. K band transponder can accommodate far more users more efficiently than ISRO’s older ..

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ECB window to widen

ECB: External Commercial Borrowing The government is all set to widen the scope of ECB. This will be done via including sectors incorporated in the new definition of infrastructure, approved by the Cabinet committee on infrastructure. Objective: This will permit companies involved in various sectors, including education and health, gain an access ECB in order ..

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