Narendra Damodardas Modi
took oath in the name of God as 15th Prime Minister of the country.
An empowered committee of the retirement fund body EPFO has approved granting regular tax exemption to 20 private provident fund trusts, which would provide tax benefits for subscribers of these firms.
India's performance at the Thomas and Uber Cup finals have once again laid bare the country's doubles woes and Badminton Association of India 2014 (BAI) has decided to address the recurring issue by hiring a specialist foreign doubles coach.
Global beverages giant Coca Cola's 2014 bottling arm in India and Jain Irrigation have inked a pact to scale up their initiative for mango production, targeting involvement of 25,000 farmers and entailing an investment of Rs 50 crore over 10 years.
The Border Roads Organisation has given a facelift to the fragile and landslide-prone 230-km Roing-Hunli-Anini road, particularly the 9-km long Andolin bypass, and opened it to vehicular movement after five years of hardwork.
6. An Indian management scholar has been appointed as the dean of the business school of the Hong Kong University of Science and Technology.
Kumar Dharamsena of Sri Lanka and Bruce Oxenford of Australia will be the on-field umpires in the Indian Premier League final to be played in Bangalore on June 1.
Senior Biju Janata Dal (BJD) leader and former state cabinet minister Niranjan Pujari was elected the speaker of the Odisha legislative assembly.
Lithuania's incumbent President Dalia Grybauskaite has been re-elected for a second term, the Central Electoral Commission said.
ONGC Videsh Ltd (OVL 2014), the overseas arm of the state-owned explorer Oil and Natural Gas Corp (ONGC), has signed a deal with Russia’s largest oil and gas producer Rosneft to jointly explore hydrocarbons in the offshore Arctic.
Current affairs 4 november 2012
took oath in the name of God as 15th Prime Minister of the country.
An empowered committee of the retirement fund body EPFO has approved granting regular tax exemption to 20 private provident fund trusts, which would provide tax benefits for subscribers of these firms.
India's performance at the Thomas and Uber Cup finals have once again laid bare the country's doubles woes and Badminton Association of India 2014 (BAI) has decided to address the recurring issue by hiring a specialist foreign doubles coach.
Global beverages giant Coca Cola's 2014 bottling arm in India and Jain Irrigation have inked a pact to scale up their initiative for mango production, targeting involvement of 25,000 farmers and entailing an investment of Rs 50 crore over 10 years.
The Border Roads Organisation has given a facelift to the fragile and landslide-prone 230-km Roing-Hunli-Anini road, particularly the 9-km long Andolin bypass, and opened it to vehicular movement after five years of hardwork.
6. An Indian management scholar has been appointed as the dean of the business school of the Hong Kong University of Science and Technology.
Kumar Dharamsena of Sri Lanka and Bruce Oxenford of Australia will be the on-field umpires in the Indian Premier League final to be played in Bangalore on June 1.
Senior Biju Janata Dal (BJD) leader and former state cabinet minister Niranjan Pujari was elected the speaker of the Odisha legislative assembly.
Lithuania's incumbent President Dalia Grybauskaite has been re-elected for a second term, the Central Electoral Commission said.
ONGC Videsh Ltd (OVL 2014), the overseas arm of the state-owned explorer Oil and Natural Gas Corp (ONGC), has signed a deal with Russia’s largest oil and gas producer Rosneft to jointly explore hydrocarbons in the offshore Arctic.
Current affairs 4 november 2012
National:
Generic drugs will be given free to poor: PM
The allocation for the health sector during
the 12th Plan had been increased three times over the previous Plan allotment
to address complex challenges. The outlay in the 12th Plan had been fixed at
Rs. 3-lakh crore, which was 1.95 per cent of the Gross Domestic Product. During
the 11th Plan
period, the health sector had got Rs. 89,265 crore. Free generic drugs would be
made available through public hospitals to help “reduce out-of-pocket
expenditure of the poor” on health.
Ban plastic tricolours, says MHA
The government has heeded pleas of
environmentalists and also kept in mind the dignity of the national flag by
advising ministries and states to ensure only paper is used in making small
flags used by thousands on occasions like Independence and Republic Days. The
ministry's detailed advisory notes that paper flags be used at important
national, cultural and sports events as plastic is harmful to the environment
as it takes years to degrade during which time harmful residues seep into the
ground. Flag Code has penal provision under the Prevention of Insults to
National Honour (Amendment) Act, 2003 in case of any violation. The law
provides for imprisonment for a term up to three years for anyone who "in
any public place or in any other place within public view burns, mutilates,
defaces, defiles, disfigures, destroys, tramples upon or otherwise shows
disrespect to or brings into contempt (whether by words, either spoken or
written, or by acts) the Indian National Flag."
Gulshan Rai tipped to be first coordinator of
national cyber security agency
The government would soon announce the
appointment of the first National Cyber Security Coordinator (NCSC), stepping
up its effort to put up a coordinated response to the various challenges in
cyber space. Gulshan Rai, who presently heads the Indian Computer Emergency
Response Team (CERT-IN), would be named the first NCSC. The coordinator's task
would primarily be to coordinate among various agencies involved in cyber
security. Rai would be based at the National Security Council Secretariat.
International:
Han Suyin: writer, goodwill ambassador
Han Suyin (95), a Chinese-Belgian British
writer who emerged as among the most powerful voices serving as a bridge
between China and the West in the 20th century and later became an ambassador
for China-India relations after her marriage to an Indian colonel, has died in
Lausanne, Switzerland. Ms. Han authored more than three dozen books on modern
China and Asia. She was best known for her 1952 novel 'A Many-Splendoured
Thing' , based on the events of her own life. The book told the story of a
married British journalist who falls in love with a doctor. Ms. Han herself
married an Australian journalist in Singapore, who was later killed during the
war in Korea in 1950. It was later made into a widely popular Academy
Award-winning film in the United States in 1955 called 'Love is a
Many-Splendored Thing' . She later recounted in her 1980 autobiography that she
had had little interest in the movie.
Business & Economy:
Rakesh Mohan new ED on IMF board
Rakesh Mohan has assumed charge as Executive
Director on the Board of the International Monetary Fund (IMF). In addition to
India, Dr. Mohan will be representing Bangladesh, Sri Lanka and Bhutan on the
IMF Board for a three-year term. Prior to joining the IMF, Dr. Mohan was
Professor in the practice of international economics and finance at the School
of Management and Senior Fellow at the Jackson Institute for Global Affairs at
Yale University.
India tops life
insurance rankings: WEF
India may rank low in terms of overall
financial development globally, but it is the world's top-ranked country in
terms of life insurance density, the World Economic Forum (WEF) has said in its
latest report. Life insurance density is measured in terms of ratio of direct
domestic premiums for life insurance to per capita GDP of a country. As per
WEF's Financial Development Report 2012, India has been ranked 40th in terms of
overall financial development of a country, but it is placed better than many
larger economies like the US, UK, Japan and China for life insurance density.
India is followed by China, Japan, US and UK in the top-five countries for life
insurance density, WEF said. In terms of non-life insurance density, India is
ranked third after China and the US at top-two positions, but is ahead of
countries like Germany, France, Japan and the UK.
New iron ore mine to be developed
A memorandum of understanding (MoU) has been
signed between Steel Authority of India (SAIL) and the Chhattisgarh Mineral
Development Corporation (CMDC) for developing Eklama iron ore mine in Kabirdham
district. Recently discovered Eklama iron ore complex has high-grade hematitic
iron ore in substantial quantity and can support steel plants independently.
SAIL will now undertake developmental and welfare activities for overall
development of the neighbouring areas of Kabirdham and Rajnandgaon districts,
including the laying of railway line for connecting the mine area to the
Howrah-Mumbai main railway line.
Sport:
India claims men’s title
India won the men’s team title in the World
carrom championships held in Colombo. In the final, India crushed host Sri
Lanka 3-0. Bangladesh took the third spot after scoring a 3-0 win over Canada.
Prakash lifts ITF title
Former Davis Cupper Prakash Amritraj
outplayed Saketh Myneni in straight sets to lift the men’s singles title at the
$15,000 Solaris ITF Futures Tennis Championships. The 27-year-old Prakash, son
of Vijay Amritraj, scored a 6-4, 6-2 win in just one hour and 10 minutes over
the fourth seeded and 374th ranked Myneni.
Indonesia lifts ban on Olympic pair
The Indonesian badminton association lifted a
ban on its star women’s doubles pair after three months out of competition for
throwing a match at the London Olympics. Greysia Polii and Meiliana Jauhari
were disqualified from the Olympics in early August after they tried to lose
matches in the first round group phase to manipulate the knockout draw
WADA decide not to appeal Lance Armstrong
case
The World Anti-Doping Agency (WADA) said that it would
not appeal against a decision to strip US cyclist Lance Armstrong of his seven
Tour de France victories and ban him from the sport for life for doping. WADA
President John Fahey said in the statement: "WADA has no such concerns as
to the complete process and the overwhelming weight of evidence.
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