Banking and Financial Awareness – 7

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Agnihotri Ravindra

04 Feb, 2013

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1) Union govt. approved how much stake sale in govt.-owned Engineers India Limited (EIL) on 10 January 2013? – 10 % (Govt. is aiming to realize Rs. 800 crore through this stake sale and this is part of govt.’s ongoing initiative on disinvestment)

2) A Supreme Court-appointed Central Vigilance Committee has recently recommended abolition of fair price shops being run by private individuals due to very high level of corruption in operations of such entities. Who is the chairman of this committee? – Justice (Retd.) DP Wadhwa

3) The union cabinet on 10 January 2013 approved a capital infusion package that would help improve liquidity and maintain capital adequacy ratios of about 10 public sector banks. How much fund has been released for this infusion? – Rs. 12,517 crore

4) The Planning Commission recently suggested that the Indian Railways should implement its ambitious high-speed rail (HSR) corridor project by beginning with which sector instead of the Mumbai-Ahmedabad corridor, which railways had insisted upon? – Delhi-Agra corridor

5) As part of India’s National Solar Mission, country’s first solar power plant was inaugurated by PR Fonroche (a joint-venture between India’s PR Clean Energy and France’s Fonroche) on 10 January 2013 in Rajasthan. Where is this plant located? – in Gajner (near Bikaner)

6) What was the percentage hike in tuition fee for the students studying at Indian Institutes of Technology (IITs) from the session of 2013-14, as announced by the IIT Council on 7 January 2013? – 80 per cent hike (With this hike the fees from 2013-14 would be Rs. 90,000 per annum from the present Rs. 50,000 per annum. The fee was hiked Rs. 25,000 p.a. to Rs. 50,000 p.a. during 2008-09)

7) The first wind power project of the state-owned National Aluminium Co. Limited (NALCO) was commissioned during January 2013 at – Gandikota in Kadapa district of Andhra Pradesh (This is a 50 megawatt power plant built with an investment of Rs. 275 crore and has been commissioned in assistance with Suzlon)

8) A major fire broke out at which terminal of the Indian Oil Corporation (IOC) on 5 January 2013, in which several lakh liters of petroleum product was gutted? – Hazira, Surat (Gujarat)

9) Which company claimed the top spot for 20th consecutive year in a list of companies who were granted patents in the United States in 2012? – IBM (IBM was granted highest number of patents for 2012 according to the IFI Claims Patents Services)

10) Which state topped a newly released report titled “Economic Freedom of the States of India 2012”, which measures Indian states in terms of economic freedom, inclusive growth and governance? – Gujarat (Gujarat replaced Tamil Nadu from the top spot in year 2012. This report was released by former RBI Governor and Rajya Sabha member Bimal Jalan)


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Know, who is Vijay Kelkar and what is PPP !

Vijay Kelkar is a renowned economist and a former Finance Secretary. He was appointed head of newly constituted committee to give recommendations to recast the model of Public-Private-Partnership (PPP) model in India. India is one of the largest PPP market with over 900 projects. The Kelkar committee will review the PPP policy, suggest a better risk-sharing mechanism between private developers and the government after analysing such projects.

Know, who is Yaduveer Krishnadatta Chamaraja Wadiyar !

Yaduveer Krishnadatta Chamaraja Wadiyar was crowned as the new Maharaja of of Mysuru (Mysore) royal family. He is the 23-year old grandson of Princess Gayathri Devi, who was the eldest daughter of the last Maharaja of Mysore, Sri Jayachamarajendra Wadiyar. The coronation was held at Mysuru’s famous Amba Vilas Palace, which was decked up for the occasion.

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Swpp Blatter, was re-elected as FIFA president for a fifth term at the 65th Annual Congress of FIFA held at Zurich for four year term.

Prince Ali bin al-Hussein of Jordan stood against Blatter in this election. It is worth mentioning that FIFA is going through a major controversy regarding corruption in the organisation with two FIFA vice presidents and a recently elected FIFA executive committee member still in custody.

 


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