Peugeot Citroen to get €7-billion bailout

France will provide carmaker Peugeot Citroen, a €7 imagebillion ($9.1 billion) bailout package.

Why this move?

The government in France wants to rein in rising unemployment. In return of this rescue package the government is expected to demand a reduction in layoffs. The car-making sector is also critical to the French economy.

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2012 Hoover Medal to Narayana Murthy

NR Narayana Murthy, co-founder of Infosys, was  imagehonored with prestigious 2012 Hoover Medal at the Global Humanitarian Technology Conference in Seattle, Washington. The medal was given to recognize Murthy for establishing a foundation that forges outstanding improvements in healthcare, social rehabilitation, rural uplift and education. The Infosys Science Foundation was established in 2009 to encourage science research in India.

Why Hoover Medal is awarded?

  • The Hoover Medal recognizes great, unselfish, non-technical services by engineers to humanity.

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