CRR: 4.25%

The Reserve Bank of India (RBI) cut the Cash Reserve Ratio (CRR) by 25 basis points from 4.5 to 4.25 percent. Why this step? The reduction in the CRR is expected to infuse liquidity to the tune of around Rs. 17,500 crore into the banking system. By doing this RBI intends to preempt a prospective Read More…

Superstorm Sandy

Superstorm Sandy batters New Jersey coast of US Hurricane Sandy (also referred to as Superstorm Sandy) a tropical cyclone that severely affected portions of the Caribbean, Mid-Atlantic and Northeastern United States in late October 2012. Sandy developed from a tropical wave in the western Caribbean Sea on October 22, 2012 Superstorm Sandy hit the US Read More…

Land Acquisition Bill

New modifications in Land Acquisition Bill draft The government has brought some fresh changes in the draft Land Acquisition Bill . As per new changes, the level of consent of landowners for acquiring land for private purpose has been made stiffer. Following these changes, the percentage of land owners, whose consent is a must for Read More…

Japan honors DMRC with 2012 JICA President Award

Japan International Cooperation Agency (JICA)  President Award for 2012  was given to the Delhi Metro Rail Corporation (DMRC) for the outstanding role it played in the development of human resources, society and economy of India and also for encouraging mutual understanding b/w India and Japan.

Persons in News: Pankaj Advani

Pankaj Advani clinches World Billiards Championship Pankaj Advani of India beat defending champion Mike Russell of England to win seventh World Billiards Championship 2012 title.