Current Affairs – June, 2013

India-UK decide to develop Economic Corridor together

India and United Kingdom have decided to collaborate to develop the Bangalore-Mumbai Economic Corridor (BMEC)project in close association with private companies from Britain. Both sides have agreed to examine and evolve the modalities and content of this project through mutual discussions and work out a roadmap for a possible partnership in this area. In addition to this, Read More…

Port Pipavav retains top spot in seafood exports

Pipavav port located in Saurashtra (Gujarat), has retained the top position for the second consecutive year in seafood exports in FY13 in terms of quantity. The port has recorded an increase of 6% over the previous fiscal. As per Marine Products Export Development Authority, the port had handled 2,33,738 tonnes of marine exports as against 2,19,801 tonnes in FY12. However, in Read More…

Fact Box: White Label ATMs

RBI gives nod to Muthoot Finance to set up White Label ATMs Indian gold loan company Muthoot Finance Ltd has obtained the RBI’s in-principle approval to set up the white label ATMs,as the government seeks to take financial services to the remote regions of the country. What are White Label ATMs? ATMs set up and run Read More…

Train service linking Banihal in Jammu to Qazigund in Kashmir launched

PM Manmohan Singh and UPA chairperson Sonia Gandhi flagged off the first train connecting Banihal in Jammu region with Qazigund in Kashmir Valley. It was the first train to pass through 11 km tunnel through Pir Panchal Range. About Banihal-Qazigund Rail Service: The 18-km Banihal-Qazigund section, which includes an 11-km long Pir Panchal Range tunnel, the country’s longest, reduces the Read More…

US to provide $150,000 for Uttarakhand flood relief via USAID

US secretary of state John Kerry reached out to India over the Uttarakhand disaster on Sunday as the US announced $150,000 through the United States Agency for International Development (USAID) to non-governmental organizations working in the most-affected areas. About USAID: The United States Agency for International Development (USAID) is the United States federal government agency primarily responsible for administering civilian foreign aid. USAID seeks to “extend a Read More…