January 2013

IOC asks Lance Armstrong to return bronze medal won at 2000 Sydney Olympics

image The International Olympics association has requested the discredited cyclist Lance Armstrong to return the Olympic bronze medal he won at the 2000 Sydney Olympics Games. The cyclist was stripped off all the seven Tour de France medals he had won after a report from the US Anti-Doping Agency (USADA) accused him of leading a massive doping programme on his teams.

Central Government to infuse Rs 3,004 crore in SBI

The Central Govt will infuse a capital of Rs. Rs 3,004 crore in State Bank of India (SBI) as a part of capital infusion plan for the current fiscal.

The liquidity infusion will enable the bank to support national and international banking operations undertaken through its subsidiaries and associates.

The capital will be infused by way of preferential allotment of equity shares to the government.

In the last fiscal, SBI was infused with Rs 7,900 crore to increase its Tier-I capital.

After the capital infusion in March 2012, the government stake in SBI increased to 61.58 % from 59.4%.

The government had recently given nod to capital infusion of Rs 12,517 crore in around 10 state-owned banks by March, 2013.