1. Park Geun-Hye Elected As the First Woman President of South Korea
Park Geun-hye was elected as the president of South Korea, the first woman who acquired this post. Park Geun-hye is the daughter of longest ruling dictator of South Korea.
NOTE:-After the counting of votes, it was declared by the National Election Commission that Park had enjoyed clear victory with 51.64 percent votes in comparison to 47.93 percent votes for Moon Jae-in, who is the former lawyer of human rights.
2. US President Barack Obama named Person of the year 2012 by TIME Magazine
US President Barack Obama was named TIME's Person of the Year for 2012, because of his historic win over the re-election in November 2012 which is being considered as symbol of the nation's changing demographics amid the backdrop of high unemployment and other challenges.
NOTE:- His name was announced by TIME editor Rick Stengel on NBC's Today program.
It is the second time Barack Obama is being accorded with this honour. He had also received the honour in 2008, when he was first elected as president.
3. Union Finance Minister P. Chidambaram awarded with Best Administrator in India Award
Union Finance Minister P. Chidambaram awarded with the Best Administrator in India Award instituted by K. Karunakaran Foundation.
The award was presented to him by Vice President of India, M. Hamid Ansari.
NOTE:- The award is given to him for his role in evolving indian economy as Finance Minister in the late 1990s when he presented what was widely called a dream budget which gave a road map for economic reforms in India and lowered income and corporate tax rates.
4. First of the Eight P-8I Maritime Surveillance Aircraft received by Indian Navy
Indian Navy received its first P-8I Maritime Surveillance Aircraft at its facility located at Seattle, out of the eight that it would get from Boeing. P-8I would be armed with torpedoes, rockets and deadly missile with abilities to fight against powerful warships and anti-submarine warfare.
NOTE:- A deal of 2.1 billion dollar was signed between India and the US Aircraft maker Boeing in January 2009 for procurement of the long range surveillance aircraft equipped with anti-submarine weaponry. This contract also included the option of having four additional aircrafts along with the intelligence and surveillance systems, training and maintenance support and warfare. The aircraft will arrive in India by May 2013 along with two more aircrafts expected to be handed over the Indian Naval team by the month.
5. Ratan Tata Conferred with the Title of Chairman Emeritus for Tata Group
Ratan Tata, the outgoing Chairman of Tata Group was conferred with the honorary title of Chairman Emeritus-the holding company of the 100 billion dollar Tata Group.
NOTE:- The decision of conferring him with the title was made by the board of Tata Sons. Ratan Tata will retire from his office on 28 December 2012 and Cyrus Mistry would be taking over the chair of the group after him on the same day.
Ratan Tata as an honorary chairman will not attend any of the board meetings of Tata Group and would also not have any responsibility towards the company.
6. UN Slashed World Growth Forecast to 2.4 Percent for year 2013
United Nations slashed its global growth predictions to 2.4 percent for 2013 and 3.2 percent for the following year and warned of a lasting employment crisis for western countries.
NOTE:- The UN's World Economic Situation and Prospects 2013 report warned that the Debt crises in Europe and the United States and a slowdown in China could all throw the world economy into recession.
Earlier in the t month of June 2012 UN had predicted a growth forecast 2.7 percent for 2013 and 3.9 percent for the year after.
9 . India's uranium reserve pegged at two lakh tonnes
India has a confirmed reserve of nearly two lakh tonnes of uranium at present. The reserves of monazite amount to one hundred seven lakh tonnes.
NOTE:- Although the reserves of uranium in the country are modest, they are located in 10 States. Its highest quantity occurs in Andhra Pradesh with a reserve of 93,492 tonnes followed by Jharkhand with over 53,000 tonnes. While Meghalaya, Rajasthan, Karnataka and Chhattisgarh have substantial quantities of uranium, the rare earth is found in modest quantities in Uttar Pradesh, Himachal Pradesh, Maharashtra and Uttarakhand.
The Atomic Mineral Directorate under the Atomic Energy Department is the specialist agency to survey and explore the reserves of this vital component in generating atomic power in the country.
Park Geun-hye was elected as the president of South Korea, the first woman who acquired this post. Park Geun-hye is the daughter of longest ruling dictator of South Korea.
NOTE:-After the counting of votes, it was declared by the National Election Commission that Park had enjoyed clear victory with 51.64 percent votes in comparison to 47.93 percent votes for Moon Jae-in, who is the former lawyer of human rights.
2. US President Barack Obama named Person of the year 2012 by TIME Magazine
US President Barack Obama was named TIME's Person of the Year for 2012, because of his historic win over the re-election in November 2012 which is being considered as symbol of the nation's changing demographics amid the backdrop of high unemployment and other challenges.
NOTE:- His name was announced by TIME editor Rick Stengel on NBC's Today program.
It is the second time Barack Obama is being accorded with this honour. He had also received the honour in 2008, when he was first elected as president.
3. Union Finance Minister P. Chidambaram awarded with Best Administrator in India Award
Union Finance Minister P. Chidambaram awarded with the Best Administrator in India Award instituted by K. Karunakaran Foundation.
The award was presented to him by Vice President of India, M. Hamid Ansari.
NOTE:- The award is given to him for his role in evolving indian economy as Finance Minister in the late 1990s when he presented what was widely called a dream budget which gave a road map for economic reforms in India and lowered income and corporate tax rates.
4. First of the Eight P-8I Maritime Surveillance Aircraft received by Indian Navy
Indian Navy received its first P-8I Maritime Surveillance Aircraft at its facility located at Seattle, out of the eight that it would get from Boeing. P-8I would be armed with torpedoes, rockets and deadly missile with abilities to fight against powerful warships and anti-submarine warfare.
NOTE:- A deal of 2.1 billion dollar was signed between India and the US Aircraft maker Boeing in January 2009 for procurement of the long range surveillance aircraft equipped with anti-submarine weaponry. This contract also included the option of having four additional aircrafts along with the intelligence and surveillance systems, training and maintenance support and warfare. The aircraft will arrive in India by May 2013 along with two more aircrafts expected to be handed over the Indian Naval team by the month.
5. Ratan Tata Conferred with the Title of Chairman Emeritus for Tata Group
Ratan Tata, the outgoing Chairman of Tata Group was conferred with the honorary title of Chairman Emeritus-the holding company of the 100 billion dollar Tata Group.
NOTE:- The decision of conferring him with the title was made by the board of Tata Sons. Ratan Tata will retire from his office on 28 December 2012 and Cyrus Mistry would be taking over the chair of the group after him on the same day.
Ratan Tata as an honorary chairman will not attend any of the board meetings of Tata Group and would also not have any responsibility towards the company.
6. UN Slashed World Growth Forecast to 2.4 Percent for year 2013
United Nations slashed its global growth predictions to 2.4 percent for 2013 and 3.2 percent for the following year and warned of a lasting employment crisis for western countries.
NOTE:- The UN's World Economic Situation and Prospects 2013 report warned that the Debt crises in Europe and the United States and a slowdown in China could all throw the world economy into recession.
Earlier in the t month of June 2012 UN had predicted a growth forecast 2.7 percent for 2013 and 3.9 percent for the year after.
9 . India's uranium reserve pegged at two lakh tonnes
India has a confirmed reserve of nearly two lakh tonnes of uranium at present. The reserves of monazite amount to one hundred seven lakh tonnes.
NOTE:- Although the reserves of uranium in the country are modest, they are located in 10 States. Its highest quantity occurs in Andhra Pradesh with a reserve of 93,492 tonnes followed by Jharkhand with over 53,000 tonnes. While Meghalaya, Rajasthan, Karnataka and Chhattisgarh have substantial quantities of uranium, the rare earth is found in modest quantities in Uttar Pradesh, Himachal Pradesh, Maharashtra and Uttarakhand.
The Atomic Mineral Directorate under the Atomic Energy Department is the specialist agency to survey and explore the reserves of this vital component in generating atomic power in the country.
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