Monday 23 January 2012

Latest Banking Awareness Questions : Quiz -2

0 comments Posted by Current Affairs on 08:50

10 more Questions on Banking Awareness



1. Who got the 'Business Leader of the Year' award of Economic Times Corporate Excellence Awards 2011 ?

(A) Rahul Bhatia (Indigo Air¬ways)
(B) Chanda Kochar (ICICI Bank)
(C) Mukesh Ambani (RIL)
(D) Ratan Tata (Tata Group)



2.The 17th Summit of SAARC was held on 10-11 Nov., 2011 in—

(A) New Delhi (India)
(B) Dhaka (Bangladesh)
(C) Adu City (Maldives)
(D) Thimpu (Bhutan)



3 . Who was the head of the panel on direct transfer of subsidies on kerosene, LPG and fertiliser ?

(A) Y.B. Reddy
(B) Nandan Nilekani
(C) Shyamla Gopinath
(D) C. Rangrajan



4 . 12th plan (2012-17) approach paper targets annual growth rate in agriculture, forestry and fishing at—

(A) 3-5%
(B) 3-8%
(C) 4-0%
(D) 4-2%



5. The Union Cabinet has given approval in pension sector for—

(A) 26% FDI
(B) 49% FDI
(C) 51% FDI
(D) 100% FDI



6. In October 2010, eight core industries had registered 7-2% growth which in October 2011 became—
(A) 7-6%
(B) 5-2%
(C) 2-1%
(D) 0-1%



7 . Indian Financial Sector is made up of both the organised as well as the unorganised segments.Which of the following belongs to the unorganised segments ?

(A) Chit Fund
(B) Micro Finance Companies
(C) Money-lenders
(D) Cooperative Credit Societies



8. Banks are supposed to pay penalty to customers whose complaints against failed ATM cash transactions are not settled within 12 days from date of complaint. This period for settlement is further reduced. What is the revised time limit now ?
(A) 5 days
(B) 7 days
(C) 8 days
(D) 10 days



9. During the second quarter of 2011-12, which sector of the following registered the lowest growth rate ?

(A) Agriculture
(B) Industry
(C) Service
(D) All the above have equal growth



10. Which of the following core industry did not register negative growth in October 2011 ?

(A) Coal
(B) Natural Gas
(C) Crude Oil
(D) All above registered negative growth




Banking Awareness Questions: Quiz -1

1 comments Posted by Current Affairs on 08:37

15 Questions on Current Banking Awareness for the month of January-2012


Banking Awareness Questions are most likely asked in IBPS Exam.In the IBPS PO Question Paper 2011,40 % of the Questions are asked from Banking Terminology and Current Banking Affairs.For the help of Students, we are posting the Current Banking Awareness Questions.In this post we are publishing 15 Questions on Current Banking Awareness and Socio Economic Affairs.Students must read these questions and try to memorise them.

Students appearing for IBPS Specialist Officers Exam in March, 2011 must find the questions helpful in their preparation of the Exams.

1. RBI in its mid-quarter monetary policy review on Dec. 16, 2011 made—

(A) Change in repo rate
(B) Change in CRR
(C) Change in SLR
(D) No change in any policy rate



2. In second quarter of 2011-12, the GDP growth at factor cost was registered at—

(A) 7-3%
(B) 7-1%
(C) 6-9%
(D) 6-6%



3. 19th summit of ASEAN was organized between 17-19th November, 2011 in—

(A) Kuala Lumpur, Malaysia
(B) New Delhi, India
(C) Bali, Indonesia
(D) Cebu, Philippines



4. To which of the following sector, Khandelwal committed is associated with ?

(A) Banking
(B) Insurance
(C) Telecommunication
(D) Aviation



5. Which of the following saving scheme has been terminated by the government w.e.f. November 30, 2011 ?

(A) Indira Vikas Patra
(B) Kisan Vikas Patra
(C) 5 years National Savings Certificate
(D) 10 years National Savings Certificate



6. Loans provided by banks to farmers small traders come under the category of—

(A) Commercial Loans
(B) Priority Sector Lending
(C) Non-profitable loan
(D) Zero interest loan



7. Which of the following statement is true regarding Marginal Standing Facility ?

(A) It became 9-5% (raised from 9-25%) w.e.f. Oct. 25,2011
(B) This facility was started w.e.f. May 7, 2011
(C) RBI on May 3, 2011 announced to keep it 1 per cent above the existing repo rate
(D) All of the above



8. RBI has modified the validity period of issued cheques and bank drafts w.e.f. April 1, 2012. The revised validity period is—

(A) 4 months
(B) 3 months
(C) Retained at 6 months
(D) No time limit



9. Which of the following company has been awarded as 'Company of the year' in the Corporate Excellence Awards of Economic Times for the year 2011 ?

(A) Tata Motors
(B) Reliance Industries Ltd.
(C) Bajaj Auto
(D) Maruti Suzuki India Ltd.



10. As per the latest directions of IRDA, what is the maximum number of SMS to be sent from one mobile phone per day ?

(A) 100
(B) 200
(C) 300
(D) 500



11. Government in November 2011 decided to raise the authorized capital of EXIM Bank from the existing level of Rs 2,000 crore to—

(A) Rs 3,000 crore
(B) Rs 5,000 crore
(C) Rs 10,000 crore
(D) Rs 12,500 crore



12. Govt, has raised the interest rate on small savings schemes w.e.f. December 1, 2011 on the recommendations of—

(A) Shyamla Gopinath Committee
(B) Rangrajan Committee
(C) Y. B. Reddy Committee
(D) Khandelwal Committee



13. New interest rate on Public Provident Fund (PPF) has been raised from 8% p.a. to—

(A) 8-25%
(B) 8-5%
(C) 8-6%
(D) 9-0%



14. In Human Development Report 2011 India's ranking on HDI stood at 134th place with HDI value—

(A) 0-682
(B) 0-644
(C) 0-619
(D) 0-547



15. Which of the following train at present covers the maximum distance on its route ?

(A) Himsagar Express
(B) Vivek Express
(C) Himgiri Express
(D) Hawarah-Jammu Tawi Exp.


Sunday 22 January 2012

Current Affairs January 2012 Quiz-3

0 comments Posted by Current Affairs on 23:40

10 more Current Affairs Questions for the Upcoming Competitive Exams in 2012



1. National Youth Day is observed on—

(A) January 15
(B) January 25
(C) January 30
(D) January 12



2. 'Back to Work; Why We Need Smart Government for a Strong Economy' is a book by—

(A) Bill Clinton
(B) Dr. Manmohan Singh
(C) AmartyaSen
(D) Christine Lagarde



3.India slipped down from 119th rank of 2010 in Human Development Index to—

(A) 130th rank
(B) 134th rank
(C) 140th rank
(D) 145th rank



4. The Approach Paper of 12th Five Year Plan (2012-17) targets GDP growth at—

(A) 8%
(B) 9%
(C) 10%
(D) 11%



5. The Nilekani panel set up in February 2011 recently submitted its report on—

(A) Inflation-control
(B) Lokpal Institution
(C) Public Distribution System
(D) Price-mechanism



6. India's rank in Global Hunger Index is—

(A) 60th
(B) 50th
(C) 55th
(D) 67th



7. The Third Indian to score a century and take five wickets in an innings in a Test match is—

(A) Ravindra Jadeja
(B) V.V.S.Laxman
(C) Virendra Sehwag
(D) R Ashwin



8. Roger Federer in November 2011 won Tennis Championship of—

(A) Paris Masters
(B) Swiss Indoor title
(C) ATP World Tour Finals
(D) All of the above



9. Who has been chosen the Women's Tennis Associations' (WTAs') Player of the Year 2011 ?

(A) Ana lvanovic
(B) Serena William
(C) LiNa
(D) Petra Kvitova



10. 'India's longest train service is—

(A) Himsagar Express
(B) Vivek Express
(C) GaribRath
(D) None of the above

Current Affairs January 2012 Quiz-2

0 comments Posted by Current Affairs on 23:31
15 more Current Affairs questions in the Current Affairs Quiz-2

1. The Asia—Pacific Economic Co-operation (APEC) was recently held in—

(A) Seychelles
(B) Honolulu
(C) Mauritius
(D) Pretoria


2. United States of America has signed agreement with which country to expand its military presence in—

(A) Indonesia
(B) Australia
(C) Malaysia
(D) New Zealand


3. The 19th ASEAN Summit was recently held in—

(A) Kuala Lumpur
(B) Bali
(C) Canberra
(D) Jakarta


4. Nabam Tuki is the new Chief Minister of—

(A) Meghalaya
(B) Arunachal Pradesh
(C) Tripura
(D) Manipur


5. The state which has launched Guaranteed Delivery of Public Service Act 2011 in November 2011 is—

(A) Andhra Pradesh
(B) Uttar Pradesh
(C) Rajasthan
(D) Madhya Pradesh


6. DCI which recently was in news stands for—

(A) Directorate of Criminal Investigation
(B) Director Criminal Investigation
(C) Director's Council of Investigation
(D) Directorate of Correct Innovation


7. Who among the following is known as 'Bard of Brahmaputra' ?

(A) Mehandi Hasan
(B) Jagjit Singh
(C) Bhupen Hazarika
(D) DevAnand


8. Silvio Berlusconi, resigned recently after serving three stints as Prime Minister of—

(A) Poland
(B) Italy
(C) Austria
(D) Hungary


9. As per the Forbes' list 2011 the most powerful person of the world is—

(A) Bill Gates
(B) Hujintao
(C) Mukesh Ambani
(D) Barack Obama


10. IAAF male athlete of the year 2011 is—

(A) Didier Darogba
(B) Lionel Messi
(C) Usain Bolt
(D) None of the above


11. The UNESCO Madanjeet Singh Prize for the Promotion of Tolerance and Non-violence has been conferred on—

(A) Anarkali Honaryar
(B) Abu Awwad
(C) Both of the above
(D) None of the above


12. The bollywood actor who has been appointed as the United Nations Children's Emergency Funds' (UNICEFs') National Ambassador in India is—

(A) Shahrukh Khan
(B) Salman Khan
(C) Amir Khan
(D) Saif Ali Khan


13. Who is the winner of the Indira Gandhi Prize for Peace Disarmament and Development 2011 ?

(A) Vandna Shiva
(B) Shabana Azmi
(C) Kuldip Nayyar
(D) Ela Bhatt


14. The Territorial Army of India has conferred Honorary Lieutenant Colonel rank on—

(A) Abhinav Bindra
(B) M.S.Dhoni
(C) Both of the above
(D) None of the above


15. Miss World 2011 Ivian Sarcos is from—

(A) Colombia
(B) Romania
(C) Peru
(D) Venezuela


Current Affairs January 2012 Quiz-1

1 comments Posted by Current Affairs on 10:12

15 Most Expected Current Affairs January 2011 Quiz / Questions for Upcoming competitive Exams in 2012


In our previous posts we have posted  the Current affairs for December 2011 and continuing the trend In this post are starting a series of Quizzes on January 2012.Current Affairs January 2012 Quiz-1 comprises of 15 Questions on Current events and Current affairs of the previous months.Students must go through these Questions and try to remember them as some of them may figure out in the Upcoming competitive Exams.


1. India recently has held 6th round of talks on commercial and economic cooperation with—

(A) Sri Lanka
(B) Pakistan
(C) Bangladesh
(D) Maldives


2. The first Indian state to pass the Lokayukta Bill-2011 is—

(A) Uttar Pradesh
(B) Bihar
(C) Uttarakhand
(D) Jharkhand


3. In order to ensure greater people to people exchanges, India—Russia Visa Pact came into force on—

(A) December 15, 2011
(B) December 1, 2011
(C) December 20, 2011
(D) December 13, 2011


4. With which South Asian Country has India signed an Umbrella Pact to fight terror ?

(A) Sri Lanka
(B) Pakistan
(C) Nepal
(D) Maldives


5. Which of the following has recently given information to India about Indian account holders in foreign banks ?

(A) Denmark
(B) Finland
(C) Both of the above
(D) None of the above


6. In the last week of November 2011, India signed Revised Double Taxation Agreement with—

(A) Pakistan
(B) Nepal
(C) Myanmar
(D) Afghanistan


7. With which Arab country has India signed a Pact on transfer of sentenced prisoners ?

(A) Iraq
(B) Qatar
(C) Yemen
(D) United Arab Emirates


8. Which of the following statements is not true ?

(A) India on November 15, 2011 test-fired Agni IV missile
(B) The missile is capable of carrying nuclear warhead
(C) It has the range of attacking deep inside China
(D) This two stage missile is powered by liquid-fuel


9. Consider the following statements—

(i) China has recently launched Shenzhou-8 spacecraft in outer space.
(ii) The spacecraft was carried into orbit on a Long March-2F rocket.
(iii) The spacecraft was to dock with the Tiangong-1 laboratory module.
(iv) The launch set the stage for China to build its first space station.

Which of the above is correct ?

(A) Only(i),(ii)
(B) Only (ii) and (iii)
(C) Only (ii), (iii) and (iv)
(D) All of the above


10. A very historic peace deal was signed in Nepal on—

(A) November 10, 2011
(B) November 1, 2011
(C) November 20, 2011
(D) November 25, 2011


11. 6th G-20 Summit 2011 was held in—

(A) New York
(B) Kyoto
(C) Cannes
(D) None of the above


12. How much money is stashed illegally in tax havens ?

(A) $8 trillion
(B) $ 11-5 trillion
(C) $7 trillion
(D $6 trillion


13. As per the recent IAEA report which country is on the threshold of nuclear capability ?

(A) Libya      
(B) Iran
(C) Egypt     
(D) North Korea


14. Lucas Papademos is the new Prime Minister of —

(A) Poland
(B) Bulgaria
(C) Ukrain    
(D) Greece


15. The 17th SAARC Summit was recently organised at—

(A) Kathmandu (Nepal)
(B) Addu (Maldives)
(C) Dhaka (Bangladesh)
(D) None of the above


Wednesday 21 December 2011

World Current Affairs December 2011-Burning topics

0 comments Posted by Current Affairs on 03:47

Read here on this page the World  Current Affairs for the month of December 2011


In our previous post on Current Affairs for December 2011,we have published the National Current Affairs for the month of December 2011.In this article we have covered the important events of the world for the month of December 2011.The articles for the world December 2011 Current Affairs are precise and to the point.In the upcoming articles we are going to publish current affairs that includes current GK for the month of December 2011.If our missed our previous post on National Current Affairs for December 2011 then you must go through it as it will help you in your preparation for the forth coming competitive exams.


World Current Affairs December 2011


Hillary Clinton's Historic Visit to Myanmar:


US Secretary of state Ms Hillary Cinton wrapped her much publicized Myanmar visit on December 1,2011.This is the first visit to the nation by a US Secretary of State in more than 50 years.During the high profile visit,Ms Clinton urged the leaders of Myanmar to continue and expand upon recent reforms,ailing for the release of all political prisoners and end to violent campaigns against the ethnic minorities and breaking off military ties with North Korea

Highlights
  • During her meeting with the Myanmar President Thein Sein Ms Clinton offered a package of rewards for the progressive steps the nation had already taken.
  • Ms Clinton hand delivered to Mr Sein a letter from the US President Mr Barack Obama in which Mr Obama hoped that bilateral relations between the US and Myanmar would improve
  • During her visit,Ms Clinton also had a meeting with celebrated democracy campaigner Ms Aung San Suu Kyi,who hailed the formers visit to the isolated nation as "Historic Moment" 

UN Blocks New Cluster Munition Protocol


The United Nations had thwarted a move by a group of Nations spearheaded by the US to put in place a contentious new protocol on Cluster Munitions.The US led group which included China,Russia,Israel and India sought to promote an improvement to the existing treaty on cluster munitions,one of the most dangerous conventional weapon systems in the world.

Highlights:
  • The proposed improvement backed by the group sought to ban the use of cluster munitions produced before 1980.
  • This would have resulted in a dilution of the existing, and far more comprehensive agreement-the 2008 Convention on Cluster Munitions.
  • The UN said that the munitions sought to be banned had either already reached or are nearing the end of their shelf life and would have to be destroyed anyway

Arab States impose sanctions on Syria


In a significant development,the Arab States voted on Nov 27,2011 to impose economic sanctions on Syria with immediate effect following Syrian President Mr Bashar-al-Assad's failure to halt a crackdown on an eighth month uprising against his rule

Highlights
  • The sanctions include measures like travel ban,asset freeze,stopping investment etc.
  • The Arab League had already suspended Syria for failing to end violence in the country.
  • 19 of the Arab League's 22 members have voted in favor of sanctions.

China Secures Access To More of Turkmenistan Gas

According to reports released on 24th November 2011,China has taken a major step towards securing access to the vast gas reserves of the Central Asian Nation Turkmenistan.Mr Gurbanguly,the president of Turkmenistan said in this regard that his government has agreed to increase its planned supply of natural gas to China by 25 billion cubic meters

Highlights
  • China has secured access to vast gas reserves of Central Asian nation Turkmenistan
  • The two sides have also agreed to properly implement the development plans for natural gas blocks along the Amu Darya river
  • Turkmenistan which was world's 4th largest gas reserves, already supplies with china with 40 billion cubic meters of gas every year.

China's Rural Poverty Falls

As per a white paper released by the Chinese Government on November 20,2011,the number of rural poor in China has fallen by a whooping 70 million over the last decade.The Paper-the first released on poverty since 2001_ attributed the steep decline to the effectiveness of a series of subsidies for China's farmers.

Highlights
  • The number of rural poor had declined from 94.22 million in 2000 to 26.88 million in 2010 or 2.8 percent of rural population
  • The paper attributed the steep decline to the effectiveness of a series of subsides for China's farmers.
  • Another Kay reason for the decline was setting up of a nationwide rural social assistance system in 2007.It now covers 35 million rural Chinese.

Russia, Belarus, Kazakhstan Form Eurasian Union


Russia, Belarus, Kazakhstan agreed on Nov 18, 2011 to create a Eurasian Union, and economic body designed to re-integrate the former-Soviet economies.The decision was reached at a Moscow meeting among Russian President Mr Dimitry Medvedev, Kazakh President Mr Nursultan and Belarus President Mr Alexander Lukashenko

Highlights
  • The Eurasian Union is an economic body designed to re-integrate the three former Soviet economies.
  • The Eurasian Unions will have its own executive body, and it will mark a further step in economic integration on the lines of the European Union.
  • Russian Prime Minister Mr. Vladimir Putin who first mooted the idea, said that other countries are free to join the Union.

US tests new Hyper sonic Weapon


The US army on November 17,2011 conducted its first flight test of a new hypersonic weapon .It launched the advanced weapon from the pacific Missile range facility on Kauai, USA.The weapon's "Glide Vehicle" reached Kwajalein Atoll some3,700 Km away in less than half an hour

Highlights:
  • The advanced Hypersonic weapon is part of the US military programme to develop"prompt global strike" weapons.
  • It will allow US to strike targets anywhere in the world with conventional weapons in as little as an hour.
  • The weapon is designed to fly long range with in the Earth's atmosphere at speeds that are at least five times the speed of the sound.

Australia Enacts Landmark Carbon Tax Legislation


In a significant development Australia's Parliament on November 8, 2011 passed a landmark carbon tax legislation named the "Clean Energy Act".Australian Prime Minister Ms. Julia Gillard said that the targeted emission reduction would be met "by putting a price on pollution, fostering renewable energy technologies, encouraging energy efficiency and creating opportunities to reduce the pollution of the land.

Highlights:
  • The new law will force the the top 500 polluting companies to pay Australian $ 24 per tonne for carbon emissions from July 1, 2012.
  • The law will result in the continent country cutting its carbon emissions by 160 million tonnes by 2020-equivalent to taking 45 million cards off the road.
  • By 2015,the tax would be flexibly priced under a market based emission trading scheme

Pakistan,Afghanistan to get Power from Russian Plant


Russia on 7th November,2011 offered to invest at least $ 500 million in a central Asian Electricity Project that will provide energy to Pakistan and Afghanistan.Russian Prime Minister Mr. Vladimir Putin made this offer at a one day meeting of the Prime Ministers of the Shanghai Cooperation Organization (SCO) held in St. Petersburg, Russia.

Highlights:
  • Russia will invest $ 500 million in a central Asian Power project that will provide power to energy starved Pakistan and Afghanistan.
  • Under the Project, CASA 1000, hydro power rich Kyrgyzstan and Tajikistan will export 1000 MW of Electricity to the two countries.
  • CASA 1000 is one of the projects that may be undertaken by a proposed energy club of the SCO

Way Cleared for Russia to Join WTO

According to report released on November 3, 2011, in a significant development , Russia had cleared the last barrier on its way to joining the World Trade Organization (WTO).The final obstacle in the Russia's a8 year long road to the WTO was removed after it signed a bilateral trade deal with Georgia.

Highlights
  • Russia with a GDP of $ 1.9 trillion, is currently by far the largest economy outside the WTO.
  • Its entry will mark the biggest step in World trade Liberalization since China joined the organization 10 years ago.
  • WTO membership could add 3 % to Russia's economy in the medium term and up to 11 percent in the long term.

Landmark 520 day "Mars Mission" comes to an end

The landmark much publicized "Mars Mission" which had been underway in Moscow,Russia for the last one year and a half (520 days), ended successfully on November 4,2011 when the six volunteers stepped out of the module into the real world.

Highlights:
  • The duration of the landmark mission was 520 days.
  • The experiment was conducted to stimulate the specifics of a Mars return trip
  • The experiment saw six scientists locked up in the isolation module for the entire duration
  • The team comprised three Russians,One Chinese,One Italian and One Frenchman.
  • The experiment even included 'walks' on a replica of the Martian surface and 20 minute time gaps in the communication with the outside world.

A crucial Landmark for China's space programme

China achieved a rare feat on November 3,2011 when it successfully conducted its first ever docking exercise in outer space.The Docking, performed by an unmanned space craft with a space laboratory module, was hailed as a crucial landmark along China's road to launching its own space station in the next decade.

Highlights
  • China's first ever docking exercise in outer space.
  • China has become only the third country in the world to accomplish a docking exercise in space, after US and Russia.
  • It hopes to be third nation to put into orbit its own space station by 2020.

Latest UN Development Index of Nations

The United Nations released its latest inequality adjusted Human Development Index of Nations on November 2, 2011.The UN published this specific index for the second time in 2011 after first introducing it in 2010, and aims to make it a significant component of its Annual Human Development report alongside its main, unadjusted index.

Highlights
  • The inequality-adjusted index is a gauge of well-being that combines economic prosperity with education levels and life expectancy.
  • The top three nations in the inequality-adjusted index are Norway, Australia and Sweden, in that order.
  • The nations at the bottom included the Democratic Republic of Congo, Niger, Burundi, Chad, etc.

Nepal Witnesses Historic Peace Deal

Bringing the curtains down on an over three year dead-lock, the political parties of Nepal on November 3, 2011 arrived at a historic agreement on the peace process, Constitution writing and Power Sharing

Highlights
  • Under the deal, a maximum of 6,500 fighters will be integrated into the Nepal Army,and rehabilitation and cash packages will be provided to the rest.
  • Those Combatants who opt for voluntary retirement will get between $ 6,300 and $ 10,000 approximately, depending on their rank.
  • There will be packages of between $  7,600 and $ 11,400 for those who prefer rehabilitation
  • Maoist weapons will come under the government.

          Tuesday 20 December 2011

          Latest Indian Current Affairs December 2011-Burning topics

          1 comments Posted by Current Affairs on 02:59

          Read here on this page the National Current Affairs for the month of December 2011


          In our previous articles on Current Affairs,we have published the Quizzes and Question Answers for December 2011.Now in this article we are going to post some burning topics that includes Indian Current Affairs for the month of December 2011.Candidates preparing for different competitive exam must go through these topics.The topics are precise and to the point and are marked with highlights.

          The articles given below will cover the Current Affairs for December 2011.These burning topics will contains only National current affairs for December 2011.In our next post will post World Current Affairs December 2011

          Current Affairs December 2011



          PM Manmohan Singh and Sonia Gandhi's important visit to Manipur:


          Prime Minister Dr. Manmohan Singh make an important one day visit to the state of Manipur on December 3,2011.He was accompanied by UPA Chairperson Sonia Gandhi.

          Highlights: The following announcements are made by the Prime Minister:
          • Airport of Imphal would be upgraded to International Standards.
          • 125 KM Jiribam-Toupal road would be completed by 2016.
          • Capacity of LPG bottling plant at Sekmai would be doubled to 1.200 MT
          • Union Home Ministry would be instructed to to give Manipur a corpus of Rs 50 crore annually for modernisation of State`s Police force.
          • Bus service will be started between Imphal and Mandalay (Myanmaar)
          Dr Singh and Mrs Gandhi during the visit announced that devolution of funds under the 13th Finance Commission from the center to state for the period 2010-2015 was Rs 13,500 crore which was doubled than the previous period.Along with Manipur CM Okram Ibobi Singh the two leaders laid down the foundation stone of National Institute of Technology in Imphal.


          Himachal Pradesh first to make Carbon Inventory


          Himachal Pradesh has become the first state in the country to have prepared its green house inventory.In the inventory it has calculated its total carbon emissions from various sectors like energy,industry,transport and tourism.

          Highlights:
          • First State in India to accomplish this unique feat.
          • In early 2011 the state got Carbon credit Programme approved by world bank
          • The state has successfully calculated its carbon emissions from various industries.
          • The inventory gives a clear idea about gases emitted by various sectors

          India and UAE sign two major Agreements:


          On 27th November 2011,India and UAE has signed two major agreements on security cooperation and transfer of sentenced persons.The agreements were signed between the Union Home Minister Mr P Chidambaram and visiting UAE Dy. PM and Minister of Interior Lt. Gen. Sheikh Saif Bin Zayed al Nahyan after their talks in New Delhi

          Highlights:
          • The two agreements are on security cooperation and transfer of sentenced persons
          • The security agreement seeks to strengthen the framework of cooperation to tackle terrorism,organised crime and drug trafficking.
          • It will also cover illicit trafficking in weapons,ammunition and explosives besides taking initiatives on training of personnel
          • The accord on transfer of sentenced persons will facilitate their rehabilitation by allowing them to serve their sentences in their own countries.

          Cabinet Nod for 51 % FDI in Multi-brand retail


          The Union Cabinet on 24th November 2011,approved 51 % Foreign Direct Investment in Multi-brand retail and 100 % FDI in single brand retail.This decision will enable foreign retail giants such as Tesco,Warl-Mart and Carrefour to enter India's retail market.

          Highlights:
          • 51% FDI was okeyed in Multi-brand retail and 100 % FDI was okeyed in single brand retail.
          • Minimum investment will have to be $ 100 million.Besides 50 % investment will have to be made in back-end infrastructure.
          • 30 % of products will have to be sourced from SME's 
          • The retail chains will have to be allowed only in cities with a population of more than 10 lakh as per the 2011 census.By this specific criterion,foreign retail brands will be able to operate in 53 cities.
          • In a single Brand retail 100 percent FDI has been allowed under a specific set of conditions.
          1. Selling Products under the same brand name internationally.
          2. Product retailing will cover only those products that are branded during manufacturing.
          3. The foreign investor should be the owner of the brand, etc among others.

          India Elected to UN`s Joint Inspection Unit:


          In a significant victory ,India has been elected to the United Nation's Joint Inspection Unit (JIU).In the election,India defeated regional rival China in a direct fight for the lone seat from the Asia-Pacific region.With this victory,India returned to powerful external oversight body after a gap of 35 years.

          Highlights:
          • JIU is an external independent oversight body of United Nations mandated to conduct evaluations,inspections and investigations.
          • Countries are elected to JIU for a period of 5 years and typically extend their term for another 5 years on run
          • India defeated china in a direct fight for the lone seat from the Asia-Pacific region.
          • With this victory India returned to power after a gap of 35 years.
          • Before this,India served the JIU once which was from 1968 to 1977.

          Corruption costs India`s 1.5 Percent of GDP Growth: Report


          According to a report released by the Planning Commission of India on November 20,2011,corruption, especially in high places is eating up the country`s GDP growth by at least 1.5 percent per year.The report highlighted that if India`s corruption levels were reduced to that of the Scandinavian nations,investment in the country would increase annually by some 12 percentage points and GDP growth by almost 1.5 percent.

          Highlights:
          • The report says that graft is eating up the country's GDP growth by at least 1.5 percent per year.
          • India`s Corruption Perception Index (CPI) in 2009 was 3.4,whereas that of the Scandinavian countries was 9.03 percent.
          • If India`s corruption levels were reduced to that of the Scandinavian nations,investment in the country would increase annually by some 12 percentage points.
          • If India improves its corruption perception by 2.38 points,its GDP growth will improve by 0.5 percent
          • The Plan panel suggests that removing the legal protection from corrupt civil servants,appointment of Ombudsmen at local levels, and setting up of local grafts to deal with graft.

          Rs 15680 crore Road projects approved by Cabinet


          The Cabinet Committee on Infrastructure (CCI) on November 16,2011 approved 15 highway projects spanning over 1,814 km and worth Rs 15,680 crore.The move is expected to give a boost to road construction activities and lead to better connectivity.Barring one,all other projects are four lane and six lane.

          Highlights:
          • The newly approved 15 highway projects span over 1814 Km and are worth Rs 15,680 crore
          • It will take the total length of projects awarded in 2011-12 to 4600 km,which accounts for the 70 % of the target for the current fiscal.
          • Out of new projects,14 would be taken up on build,operate and transfer (BOT)-tall method.
          • One project will need Government Assistance through deffered payments to the private sector.

          Cabinet Approves 26 % FDI in pension sector:


          The Union Cabinet on November 16,2011 approved changes in the Pension fund Regulatory and Development Authority (PFRDA) Bill.It will pave the way for 26 % foreign investment in pension fund management companies.

          Highlights:
          • The Union Cabinet has approved 26 % FDI in the pension sector.
          • It was decided that there would be no guarantee of assured returns on pension fund schemes.
          • Greater participation of employees and stakeholders in the Pension Advisory Committee was okeyed.
          • The new bill will pave the way for conferring statuary backing on the authority for promotional development and regulatory functions in the sector.

            Agni-IV Flight-tested successfully


            Agni-IV India`s most advanced long range missile was successfully flight-tested from the wheeler Islands Off the Africa coast on November 15,2011.This is the longest mission conducted by DRDO so far

            Highlights:
            • Agni-IV,capable of carrying nuclear war-heads,was earlier called Agni-II Prime.
            • The two stage missile weighs 17 tonnes and is 20 meters long, and it carry a 1,000 kg Pay-Load of conventional explosives.
            • The missile covered a range of more than 3,000 km on 20 minutes of fluent flight.
            • In this mission the DRDO used a host of new technologies for the first time.

             

            New Rules for Nuclear suppliers finalised

            The Central Government announced on November 16,2011 that it has finalised new liability rules for the nuclear suppliers.The rules aim to meet the concerns of the American nuclear suppliers who are wary of being exposed to unlimited liability in the event of an accident involving any of their reactors.

            Highlights
            • The new rules aim to meet the concerns of the American nuclear suppliers who are wary of being exposed to unlimited liability in the event of an accident.
            • US Officials had opposed two provisions of the Indian Civil Liability for Nuclear Damage Act-Section 46 and Section 17(B).
            • The new rules don't affect Section 46 and thus leaves unaddressed the American concerns related to this.
            • Steps,however have been taken in case of the 17 (b),thus limiting the US firms' liability in the event of accidents.

              India,Maldives sign Framework Agreement, MOU


              India and Maldives on Nov 12,2011 signed a framework agreement on cooperation and development and an MOU.The two pacts,signed by visiting Prime Minister Dr. ManMohan Singh and Maldivian President Mr Mohammed Nasheed in Male will serve as the bed rock for bilateral cooperation in safeguarding each others security intrest.

              Highlights
              • India and Maldives signed agreements on combating terrorism and drug trafficking,disaster management and coastal security;transfer of sentenced prisoners;co-operation in culture for 2012-15 etc.
              • Deals on construction of 10,000 houses costing $ 40 million,developing a police training academy and port development etc were also linked.
              • India will also upgrade the Indira Gandhi Memorial Hospital in Male,the referral hospital in the island nation
              • A credit of $ 100 million was also announced for Maldives.

                India Pushes for Global Internet Governance Mechanism


                It was announced on November 6,2011 that as the next step in its push for a global Internet governance mechanism ,India has presented to the UN a proposal for the establishment of a committee for Internet Related Policies.This proposed committee will help in framing international public policies on issues relating to Internet governance.

                Highlights:
                • India has presented to the UN a proposal for the establishment of a committee for Internet Related Policies (CIRP).
                • The proposed committee will help to frame international public policies on issues relating to Internet governance.
                • As per the India's proposal,the CIRP should consist of 50 member states,chosen elected on the basis of equitable geographical representation.
                • There will be four advisory groups,one each for civil society,the private sector,the inter-governmental and international organisations, and technical and academy community.

                  India,Japan Decide to Shore Up Defence ties


                  An India-Japan Defence Minister's meeting was held in Tokyo,the capital of Japan on November 2,2011.At the meeting the two sides decided to increase their military engagement by conducting joint naval exercises and stepping up interaction between their armies and air forces

                  Highlights:
                  • India and Japan have decided to increase their military engagement by conducting joint naval exercise and stepping up interaction between their armies and air forces.
                  • As per the pact the vessels and the aircraft of the Indian navy and Japan's Maritime self defence force will pay mutual visits in 2012.
                  • So far India and Japan along with the US have conducted a single trilateral exercise-the Malabar exercise which took place in 2007.
                  • Another exercise,scheduled for 2011,at the Okinawa coast of Japan did not materialise after Japan expressed its inability to take part in the aftermath of the March 2011 Tsunami  and earthquake

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