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  9. August 2010 Current Affairs

Semi-annual Report of U.N. Assistance Mission

Oct 12, 2010
The U.N. Assistance Mission in Afghanistan in its semi-annual report released on 10 August 2010 mentioned that number of civilians killed in Afghan conflict increased to 31% in the first six months of 2010. The deaths were the result of insurgents fighting the government and the U.S.-led coalition.

Vinay Deolalikar

Oct 12, 2010
Vinay Deolalikar, an Indian scientist working at HP Labs in California, recently proposed a solution to the problem which is being referred by mathematicians as ‘Is P=NP?,'. He provided the solution in a paper published online.

Priyanka Chopra

Oct 12, 2010
Bollywood actor Priyanka Chopra on 10 August 2010 was appointed as UNICEF National Ambassador for promoting child rights and adolescence. Before her actors like Amitabh Bachchan and Sharmila Tagore had supported UNICEF's work in India and abroad.

Jairam Ramesh

Oct 12, 2010
Union Environment Minister of India Jairam Ramesh was selected on 9 August 2010 as one of the 21 members of the high-level panel on global sustainability set up by United Nations Secretary General Ban ki-Moon. The panel was set up with the objective to formulating a new vision for sustainable growth and prosperity, along with the mechanisms for achieving it.

J S Khehar

Oct 12, 2010
J S Khehar took charge as the new Chief Justice of the Karnataka High Court on 9 August 2010. Prior to this Khehar, who was chief justice of the Uttarakhand High Court.

Superbug Traced to India

Oct 12, 2010
In a study published in the Lancet Infectious Diseases Journal on 11 August 2010, a team of researchers reported a new gene or superbug called New Delhi metallo-beta-lactamase, or NDM-1. According to the researchers the superbug makes bacteria resistant to all antibiotics including the most powerful carbapenms.

State-of-the-art Video-conferencing Introduced

Oct 12, 2010
The Assam Forest Department on 11 August 2010 introduced a state-of-the-art video-conferencing facility to help cut down travel cost, improve use of executive time and speed up decision making. The facility was launched by Assam Environment and Forest Minister Rockybul Hussain.

Scheme of National Film Awards Restructured

Oct 12, 2010
The entire scheme of National Film Awards was re-structured on 12 August 2010 by the Indian Government. The following are the salient features of the re-vamped National Film Awards:

Cresp

Oct 12, 2010
Cresp is the first generic darbepoetin alfa drug in the world used for the treatment of anaemia cuased by chronic kidney disease and anaemia caused by chemotherapy.

SEBI to Decide on MCX-SX Plea

Oct 12, 2010
In response to MCX-SX's writ petition, the Bombay High Court Chief Justice Mohit Shah, and Justice S.C. Dharmadhikari on 10 August 2010 ordered SEBI to decide on the MCX-SX plea by 30 September 2010. MCX-SX had filed a writ petition against SEBI for delaying permission to launch new products on its platform although it had complied to all the regulations.

RBI Asked to link MHP to Asset, Class, Tenor of loan

Oct 12, 2010
In response to the draft guidelines on securitisation issued by the RBI in April 2010, banks and non-banking finance companies recently requested RBI for the minimum holding period (period between origination of a loan and its securitisation) to be linked to the asset class and the tenor of the loan. As per the RBI regulations, the minimum holding period (MHP) for loans with less than two years maturity should be nine months whereas the mhp for loans of over two years should be 12 months.

RBI asked for Empowered Committee under FSDC

Oct 12, 2010
RBI on date asked the Indian government to empower a committee under the proposed Financial Stability and Development Council, or FSDC to deal with inter-regulatory issues and financial stability. The committee would replace High-Level Coordination Committee on Capital and Financial Markets (HLCCFM).

PSEs Spared the Public Share Holding Burden

Oct 12, 2010
Considering the comfort of Public Sector Entitites, the Indian Finance Ministry on 9 August 2010 diluted minimum public shareholding' guidelines. As per the revised guidelines, listed public sector entities would be required to keep 10% public share holding as against 25% suggested earlier.

Power Producers against Imposition of Customs Duty

Oct 12, 2010
Led by Tata Power and Reliance Power, a lobby of a dozen power companies recently protested against the government's intent to impose 14% customs duty on power equipment to check Chinese imports. The private power producers clubbed themselves under Association of Power Producers and collectively stated that their contribution to the country’s power sector would be restrained if customs duty is imposed on foreign power equipment.

Nalco to Commission Second Power Unit in Angul

Oct 12, 2010
National Aluminium Company Ltd (Nalco) decided to commission its second 120 MW power unit in Angul in August 2010. The Angul project is part of Nalco's phase-II expansion in Orissa.

GST Amendment Bill Redrafted

Oct 12, 2010
The constitutional amendments bill for the proposed Goods and Services Tax (GST) was redrafted by the Indian government who suggested that the states would also be given a veto power along with the Centre in the proposed GST. The measure was mentioned in the bill so that every decision taken by the GST council is approved only when all the states and the Centre agree to it.

Government Stake in Kribhco Not Reduced

Oct 12, 2010
With Krishak Bharati Cooperative Ltd (Kribhco) recently announcing to the Department of Fertilisers that Indian government would not reduce its stake in the company to 26%, the conflict between Kribhco & the government came to an ended.  The Centre's share in Kribhco's equity had in the past fallen from 67.73 per cent to 48.35 per cent.

Naina Lal Kidwai

Oct 11, 2010
Naina Lal Kidwai was appointed by the Hongkong and Shanghai Banking Corporation Ltd to its board of directors. Kidwai has been the Country Head of HSBC in India.

Atul Sobti

Oct 11, 2010
Atul Sobti declared his decision to resign from the post of CEO and Managing Director of Ranbaxy Laboratories on 12 August 2010. He cited “differences with management” as a reason for his decision to quit.

Vascon Bought Stake in GMP Technical Solutions

Oct 11, 2010
Real estate developer Vascon Engineers Ltd announced on 8 August 2010 that it bought 90 per cent of the shares of GMP Technical Solutions Pvt Ltd worth Rs 62.60 crore. GMP offers heating, ventilation and air conditioning design and supply, electrical and building management systems, epoxy and vinyl floorings and interlocking and access controls etc.
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