Current Affairs – June, 2013

Qatar ruler transfers power to son

Sheik Hamad bin Khalifa Al Thani, the ruler of Qatar has transferred the reign of the nation to the 33-year-old crown prince Sheik Tamim bin Hamad Al Thani putting a new generation in charge of the Gulf nation’s vast energy wealth and its rising political influence. The new ruler is likely begin the process of putting together a Read More…

Mahindra Satyam amalgamates with Tech Mahindra

Software company Mahindra Satyam formally merged with its parent Tech Mahindra to create the country’s fifth largest software services firm.  After an approval from the Mumbai high court, the merger had been awaiting clearances from the Andhra Pradesh high court, which gave the nod. The Mumbai-headquartered company now has an employee strength of 84,000 serving 540 clients across 46 Read More…

Fact Box: ‘Diaspora Bonds’

India thinks over ‘Diaspora Bonds’ India is examining to introduce “Diaspora Bonds” to attract investment from NRIs (Non-Resident Indians), to facilitate greater inflow of funds in the infrastructure sector. The government is examining longer-term investment instruments for overseas Indians so that the NRI community could participate and benefit from India’s growth. Current Status: At present most of Read More…

Fact Box: Operation TEMPORA – run by British spy agency GCHQ

UK’s spy agency ‘GCHQ’ has bigger electronic spying system than US’ NSA As per the latest revelations made by the NSA whistleblower Edward Snowden about the electronic surveillance programme, Britain’s spy agency GCHQ (the Government Communications Headquarters) — has clandestinely gained access to the network of cables which carry the world’s phone calls and internet traffic and Read More…

Fact Box: ‘Ammu’

‘Ammu’: Mascot for 35th National Games The official mascot of the 35th National Games has been named ‘Ammu’ which is a hornbill. The games will be hosted by Kerala in November-December 2013. The characterized versions of the mascot showing ‘Ammu’ in the various disciplines of the games have also been released. The event would be held in Read More…