Gk Updates 26 December 2013 , Employment News 26 December 2013

Business News

India agree to allow 1,000 and 500 rupee notes in Nepal

Nepal and India have agreed in principle to allow circulation of Rs.500 and Rs.1,000 denomination Indian bank notes within Nepalese territory, ending a ban in place for over a decade.

Indian bank notes above Rs.100 were banned in Nepal as per India's request to curb unauthorised trade between the two neighbours.

During the Nepal-India Inter Governmental Committee (ICG) meeting that concluded in Kathmandu on Sunday, the two sides decided that any Indian national visiting
Nepal can carry Indian Rs.500 and Rs.1,000 notes up to Rs.25,000, said Joint Secretary of Nepal's Commerce Ministry Jeev Raj Koirala.

However, both the sides are required to work out modalities before the decision is put into practise. 

The new arrangement will mainly benefit Indian tourists travelling to Nepal.

India's Commerce Secretary S R Rao said that the decision was taken during the Home Secretary-level meeting held in Kathmandu in June.

Both sides have said that necessary regulations will be introduced for circulation of the higher denomination Indian bank notes in Nepal during the recent Commerce Secretary-level meeting.

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Political News--

Marpadi Veerappa Moily , the petroleum and natural gas Minister took an additional charge of the Environment and Forests Ministry after the exit of Jayanthi Natarajan.

The last Environment minister from congress was Jayanthi Natarajan.

Marpadi Veerappa Moily (born 12 January 1940) is a congress MP from the state of Karnataka, and the current Minister of Petroleum and Natural Gas.

He was the former  Minister of Corporate Affairs and Minister of Power in the Indian government.

Moily was elected as MP of the Chickballapur district. Moily was the former Chief Minister (and the first ethnic Tuluva CM) of the Indian state of Karnataka (19 Nov 1992 - 11 Dec 1994). 

He was elected to Karnataka state legislative assembly from Karkala constituency of Udupi district.

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President Pranab Mukherjee is to inaugurate the '86th Nikhil Bharat Banga Sahitya Sammelan', an annual convention of Bengali literary personalities of India, in Allahabad On 25 December 2013

The president will also inaugurate the new building complex of Jagat Taran Girls Inter College and unveil the statue of late Chintamani Ghosh, the founder of 'Indian Press', in the college premises.

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Sports News
South Africa's legendary all-rounder Jacques Kallis will retire from Test cricket(165 Test matches) after the second Test against India starting at Kingsmead here Thursday. 

He will be available for the shorter formats of the game.

He said--

It's been an honour and a privilege to have been part of the South African Test team since making my debut 18 years ago.

 I have enjoyed every moment out in the middle but I just feel that the time is right to hang up my Test whites.

It wasn't an easy decision to come to, especially with Australia around the corner and the success this team is enjoying, but I feel that I have made my contribution in this format.

About Kallis--


Kallis made his Test debut as a young and humble 20 year-old, and finishes his Test career as one of the greatest cricketers to have played the game. 

His statistics speak volumes for the illustrious career - 13,174 runs, 292 wickets and 199 catches

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