Current Affairs – June, 2013

Obama nominates James Comey as next FBI director

The US President Barack Obama nominated James Comey as the next FBI (Federal Bureau of Investigation) Director. James Comey has been a registered Republican and former Justice Department official under President George W. Bush. The US senate is yet to confirm his nomination. He is likely to take charge from the outgoing Robert Mueller who held the post Read More…

India: World’s 3rd most attractive FDI destination

As per the World Investment Report 2013 by the United Nations Conference on Trade and Development (UNCTAD), India is world’s third most attractive destination for investment by Transnational Corporations (TNCs) during 2013-15. In the survey based on responses of 159 companies, India has been positioned after China and United States. Thus India has retained its Read More…

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Rupee hits record low against dollar, plunges below 60 mark

The Indian rupee today ranked by a massive 105 points to close at a historic low of 60.71 against the dollar. The Indian Rupee declined below the 60 mark breaking the previous record low of 59.98 hit. The slump is being attributed to heavy capital outflow and increasing dollar demand from domestic importers and decline in most emerging Read More…

Sheikh Abdullah named new PM of Qatar

The former PM of Qatar Sheikh Hamad bin Jassem al-Thani has been excluded from the government and has been replaced with the former minister of state for internal affairs Sheikh Abdullah bin Nasser bin Khalifa al-Thani as announced by country’s new Emir who recently ascended to the throne after the previous Emir transferred the power Read More…

Three Indian projects to receive U.N. public service awards

U.N. Public Service Awards will be given to three Indian projects for the year 2013. The awards are given for projects that fight poverty and promote sustainable development. What are these Projects? The projects are: 1. Project Mass Contact Programme of Kerala: Launched in 2011 by Kerala government Aim:  Combating red tape and bureaucracy in administration Key Read More…