Current Affairs – November, 2013

UK offers ‘VIP visas’ for top business executives

The UK Government has launched a new VIP visa system for international business leaders with the objective to make it expeditious and easier for them to organise entry to the UK. The new VIP visa system, announced as the “Great” club, will be invitation-only and is designed to benefit around 100 of the wealthiest magnates Read More…

Global billionaire population reaches 2,170 billionaires; Asia fastest-growing region

According to the Wealth-X and UBS Billionaire Census 2013, Asia has recorded the largest increase in its billionaires club in the world adding 18 new billionaires in 2013, making it the fastest-growing region. The study was centred solely on persons with a net worth of $ 30 million and above.  As per the report:  Asia witnessed the highest Read More…

Indian Navy inducts first fully indigenous Hawk Advanced Jet Trainers

Indian Navy inducted the first fully indigenous Hawk Advanced Jet Trainers (AJT) manufactured by Hindustan Aeronautics Limited at INS Dega in Vishakhapatnam. About Hawk AJT Hawk AJT is a dual seat multi-purpose aircraft powered by a single Rolls Royce Adour Mk.871 engine. The AJT is primarily used for basic, advanced and weapons training of the Read More…

RBI permits foreign banks’ subsidiary to acquire private banks

As per the guidelines released by the Reserve Bank of India (RBI), the Wholly-Owned Subsidiary (WOS) of foreign banks are allowed to acquire domestic private sector banks as well as open branches anywhere in the country. In addition, as per the guidelines: Foreign bank subsidiary are permitted to be listed on local stock exchanges. As a Read More…

HRD Ministry gives nod to set up IIT, IIM, 3 central varsities in Seemandhra

The HRD ministry has given its nod to establish an IIT, an IIM and 3 central universities among other institutes for the region. The decision would be placed before the GoM for consideration. The ministry has also cleared an IISER and an IIIT for the region. Why this decision to set up IIT, IIM, 3 central Read More…