1. Jaideep Sarkar appointed as the new envoy to Israel
Jaideep Sarkar today appointed as the New Indian Ambassador to Israel.
NOTE:- The IITian and diplomat, is a private secretary to Prime Minister Manmohan Singh and a joint secretary of external affairs ministry, has replaced Navtej Sarna, the former ministry spokesperson.
2. Decision to allow FDI in retail trade has improved market sentiments and made the rupee stronger:RBI
India's decision to allow 51 per cent FDI in multi-brand retail has improved the market sentiment and helped the rupee to rebound. Reserve Bank Deputy Governor Anand Sinha said this in Beijing today.
3. Chief Justice of India S.H. Kapadia retired
Chief Justice of India Sarosh Homi Kapadia, retired from the post after serving the Supreme Court for two and a half years.
NOTE:- Justice Kapadia, who turned up to be 65 years in age sworn in as the thirty-eighth CJI. While holding the office as a judge for a period of 22 years, Justice Kapadia never took a leave.
4. Former Navy Chief Nirmal Verma appointed as Indian envoy to Canada
Nirmal Verma, the former navy chief appointed as India’s high commissioner to Canada. His appointment to the post happened on the recommendation of the PMO to the president, who cleared his name for the vacancy.
5. Central Bank of India launches slew of credit and debit cards
Central Bank of India launched a slew of cards in both debit and credit categories on the MasterCard platform apart from other innovative banking solutions.
The city-based state-run lender had introduced credit cards to the country way back in 1980.
6. Dalmia Cement Bharat acquired Meghalaya based Adhunik Cement
Meghalaya based Adhunik Cement is acquired by the Dalmia Cement Bharat for Rs 560 crore. The Adhunik Cement have a control over 10 percent of the market shares in the North-East, with an annual capacity of 1.5 million tonnes.
7.Karnataka has released Cauvery water to Tamilnadu in accordance with the Apex Court order. Chief Minister Jagadish Shetter said that the state had to abide by Court order and hence has released water despite the distress.
8. DoT fixes upper limit of penalty on telcos at Rs 50 cr
The DoT has said the upper limit of penalty for violation of guidelines by telecom companies will be Rs 50 crore in the new licensing regime, while regulator TRAI's recommendation was Rs 10 crore.
9. NMDC to set up 250 MW power plant, in talks with NTPC, SAIL
State-owned iron ore miner NMDC has planned to set up a 250 MW coal-based power plant and is in talks with NTPC and SAIL for a joint venture.
10. SEBI issued draft norms on safety net for IPO investors
SEBI today issued draft norms on safety net for IPO investors.
Important Points of the Norms are:-
11.Obama blocks Chinese firm’s business deal
US President Barack Obama has blocked a Chinese-led group from purchasing several wind farms near a US naval station, saying the acquisition threatened the country's national security.
12.Centre plans to provide jobs to nearly 7,000 youth from J&K
Centre plans to provide jobs to nearly 7,000 youth from Jammu and Kashmir during the current fiscal under the 'Himayat' scheme, a job-oriented skill development project launched last year.
Jaideep Sarkar today appointed as the New Indian Ambassador to Israel.
NOTE:- The IITian and diplomat, is a private secretary to Prime Minister Manmohan Singh and a joint secretary of external affairs ministry, has replaced Navtej Sarna, the former ministry spokesperson.
2. Decision to allow FDI in retail trade has improved market sentiments and made the rupee stronger:RBI
India's decision to allow 51 per cent FDI in multi-brand retail has improved the market sentiment and helped the rupee to rebound. Reserve Bank Deputy Governor Anand Sinha said this in Beijing today.
3. Chief Justice of India S.H. Kapadia retired
Chief Justice of India Sarosh Homi Kapadia, retired from the post after serving the Supreme Court for two and a half years.
NOTE:- Justice Kapadia, who turned up to be 65 years in age sworn in as the thirty-eighth CJI. While holding the office as a judge for a period of 22 years, Justice Kapadia never took a leave.
4. Former Navy Chief Nirmal Verma appointed as Indian envoy to Canada
Nirmal Verma, the former navy chief appointed as India’s high commissioner to Canada. His appointment to the post happened on the recommendation of the PMO to the president, who cleared his name for the vacancy.
5. Central Bank of India launches slew of credit and debit cards
Central Bank of India launched a slew of cards in both debit and credit categories on the MasterCard platform apart from other innovative banking solutions.
The city-based state-run lender had introduced credit cards to the country way back in 1980.
6. Dalmia Cement Bharat acquired Meghalaya based Adhunik Cement
Meghalaya based Adhunik Cement is acquired by the Dalmia Cement Bharat for Rs 560 crore. The Adhunik Cement have a control over 10 percent of the market shares in the North-East, with an annual capacity of 1.5 million tonnes.
7.Karnataka has released Cauvery water to Tamilnadu in accordance with the Apex Court order. Chief Minister Jagadish Shetter said that the state had to abide by Court order and hence has released water despite the distress.
8. DoT fixes upper limit of penalty on telcos at Rs 50 cr
The DoT has said the upper limit of penalty for violation of guidelines by telecom companies will be Rs 50 crore in the new licensing regime, while regulator TRAI's recommendation was Rs 10 crore.
9. NMDC to set up 250 MW power plant, in talks with NTPC, SAIL
State-owned iron ore miner NMDC has planned to set up a 250 MW coal-based power plant and is in talks with NTPC and SAIL for a joint venture.
10. SEBI issued draft norms on safety net for IPO investors
SEBI today issued draft norms on safety net for IPO investors.
Important Points of the Norms are:-
- Retail investors in an initial share sale will have to be compensated if the shares fall sharply within three months of listing, capital market regulator SEBI proposed.
- According to the proposal, the so-called safety netprovision would trigger in cases where the prices of the shares fall by more than 20% from the issue price.
- Promoters would also have to compensate investors if the volume-weighted average market price of the shares drop 20 % more than the benchmark indices -- BSE-500 or S&P CNX 500 - within three months of listing.
11.Obama blocks Chinese firm’s business deal
US President Barack Obama has blocked a Chinese-led group from purchasing several wind farms near a US naval station, saying the acquisition threatened the country's national security.
12.Centre plans to provide jobs to nearly 7,000 youth from J&K
Centre plans to provide jobs to nearly 7,000 youth from Jammu and Kashmir during the current fiscal under the 'Himayat' scheme, a job-oriented skill development project launched last year.
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