The Election Commission of India on 11 January 2012 announced the dates for elections and by-elections in the Legislative Assemblies of 10 states. The elections/by-elections would be held in Meghalaya, Nagaland, Tripura, Assam, Bihar, Maharashtra, Mizoram, Uttar Pradesh, West Bengal and Punjab. The states of Tripura, Meghalaya and Nagaland wouldContinue Reading
Aadhaar card to be accepted as proof to get passport: Ministry of external Affairs The Ministry of External Affairs on 8 January 2013 decided and consequently advised all Passport Issuing Authorities to accept Aadhaar letter as Proof of Address and Photo identity in conjunction with any other prescribed documents forContinue Reading
Worldwide protests against the film Innocence of Muslims International/World Current Affairs 2012.Innocence of Muslims, written and produced by Sam Bacile turned up to be the reason for protests across the Islamic nations.Five dead as anti-Islam film protests widen Chinese ships carry out patrols around islands in south China Sea SixContinue Reading
Proposal for 51 percent FDI in multi-brand retail and 49 percent in Aviation passed The Union Cabinet on 14 September 2012 cleared the proposal of foreign direct investment (FDI) for 51 percent in the multi-brand retail chains and 49 percent in Aviation power exchanges industry Inflation rose by 0.68 percentContinue Reading
Jaxtr Inc., founded by Sabeer Bhatia and Yogesh Patel, has announced the launch of JaxtrSMS, a cross-platform, open-texting application to send SMSs to anyone in the world for free. Reserve Bank of India deregulated non-resident external (NRE) deposits on 16 December 2011 allowing banks to offer higher interest rates toContinue Reading
Portraying a gloomy outlook for the global economy, International Monetary Fund (IMF) today said that it is in a dangerous phase as business activity has weakened and confidence has fallen sharply. Global growth will moderate to about 4 per cent through 2012, from over 5 per cent in 2010, IMFContinue Reading
Mahindra & Mahindra (M&M) has renamed its Logan car as Verito. Anup Bagchi has taken over as the MD and CEO of ICICI Securities. Veteran banker K.V. Kamath has been appointed as the Chairman of Infosys, in place of founder N.R. Narayana Murthy. S.D. Shibulal has been elevated as theContinue Reading
Floating Debt: Generally, any short-term debt, specifically, the part of the national debt that consists of short-term borrowing.Fringe benefits: Rewards for employment over and above the wager paid. e.g. goods at a discount, subsidized meals, arrangements, etc. Fiscal Policy: that part of government policy which is concerned with raising revenueContinue Reading
· I-T exemption limit raised to Rs 1.80 lakh from Rs 1.60 lakh . · Exemption for senior citizens raised to Rs 2.5 lakh · Tax under women slab unchanged. · Tax exemption raised to Rs 5 lakh for senior citizens of 80 years. · To increase service tax onContinue Reading
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