five-nation summit of BRICS nations 2014
Prime Minister Narendra Modi leaves for Brazil for attending the five-nation summit of BRICS nations on July 14 and 15 which is expected to finalise the setting up of a development bank and seek reforms of the United Nations and international financial organisations.
The Finance Ministry has clarified that no final decision has been taken on implementation of General Anti Avoidance Rules (GAAR). This clarification came in the wake of reply given by the Government in Lok Sabha saying that GAAR will be introduced from April 1, 2015. This spooked the market which closed with loss. It may be noted that the previous government deferred introduction of GAAR for two years, that is, till March 31, 2015.
Newly -appointed Delhi BJP President Satish Upadhyay, who formally took charge of the post on Saturday said the people of Delhi have shown faith in BJP and party workers should make all efforts to serve them.
Industrial production recorded 4.7 per cent growth in May 2014, a nineteen-month high. This was powered by improved performance across sectors, including manufacturing, mining and power.
A major fire has raged the State Bank of India building at Parrys Corner in Chennai on 12th July 2014.
The West Bengal Government has obtained firm investment commitment worth Rs 3,200 crore.The State Finance Minister Amit Mitra said at a meeting, organised by the MCC Chamber of Commerce & Industry, that seven new projects in sectors such as steel, cement, solar power and health care attracted investments.
President Pranab Mukherjee has removed Lieutenant Governor of Puducherry, Virendra Kataria from his post.
Bangladesh has banned official marriages between its nationals and Myanmar’s Muslim Rohingya refugees as they wed and use the marriage certificate for getting citizenship and Bangladeshi passports.
The US is calling for Asian nations to freeze new construction and establishment of outposts in the disputed South China Sea to lower the risk of a conflict. The proposal was detailed by senior State Department official Michael Fuchs.
The World Cup title not only carries immense prestige, but a massive paycheck as well. The winning federation, either Germany or Argentina, will receive $35 million from the ruling body FIFA, and the losers $25 million, FIFA said.
India’s Mars spacecraft is scheduled for a rendezvous with the red planet as it is rapidly coasting towards its target. Mars Orbiter Spacecraft has travelled 525 million km on its heliocentric arc. Radio signals from earth now take 15 minutes to reach MOM and return, Bangalore headquartered Indian Space Research Organisation said.
Indian Navy to get first indigenous anti-submarine warfare ship INS Kamorta.
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