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, 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.
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.
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.
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.
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.
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.
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 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).
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.
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.
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.
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.
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.
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.