November 2012 Current Affairs - 2020

The ‘NH-4 Bank’ plans to become pan-India player

Which Bank in India is often referred to as the ‘NH-4’ Bank ? The Ratnakar Bank is often referred to as  the ‘ NH4 Bank’ in the banking circles, . Reason: As majority of the business of Ratnakar Bank comes from cities in and around the 1,235-km-long National Highway-4 (NH-4) that connects four of the Read More…

19 RRBs merged into 8; now 71 left

The government has merged 19 Regional Rural Banks (RRBs) into 8 entities. All this happened in spite of reservations by RBI. The Govt plans to merge more RRBs this financial year. RBI was not happy with this decision as the Finance Ministry didn’t took RBI into loop while making this decision. At present the numbers Read More…

PPP in railways allowed

The government has allowed a private investment policy in the railways. The performance of Railways in PPP (Public-Private Partnership) projects has been dismal. Now, the Govt will try 5 different models for inviting private sector participation for last-mile connectivity projects in Railways. With this the government hopes it will be able to have speedier implementation Read More…

Tata Sons to offload a part of its 60 per cent stake in direct-to-home Tata Sky Ltd

Tata Sons, a holding company of the Tata Group has 60% stake in the DTH (Direct-To-Home) Tata Sky Ltd. DTH (Direct-To-Home) Tata Sky Ltd is loss-making company and thus, Tata Sons plans to sell a part of its share to private equity players and institutional investors and raise funds for the satellite TV company’s growth Read More…

China’s new passport map falsely includes AP, Aksai Chin as part of China

Another game by China: The watermark on fresh launched e-passports by China falsely depict Arunachal Pradesh and Aksai Chin in J&K as parts of China. Reaction from India: India has registered a strong protest with China India has also started imprinting its own map on visas that are issued to Chinese nationals China crossing Read More…