Current Affairs For Bank, IBPS Exams - 07 February, 2014

Current Affairs For Bank, IBPS Exams

07 February, 2014

Day 5 in Spectrum auction

  • On the fifth day of the third round of spectrum auction , the Delhi circle saw an upward revision of prices for both the premium 900 MHz and 1800 MHz bands.

  • There is excess demand in circles, including Assam, J&K, MP, West Bengal, UP (E) and UP (W).

  • The price of 900 Mhz in Delhi shot up by about 78 per cent to 639.24 crore per Mhz compared to the base price of 360 crore fixed by the Government; whereas for the 1800 MHz band, the reserve price rose 5 per cent to 230 crore a MHz.

  • In Mumbai, the price of 900 Mhz band increased by 72 per cent to 563.09 crore for a Mhz and in Kolkata by 54 per cent to 192.71 crore.

  • The Government is auctioning airwaves in 900 Mhz band in Delhi, Mumbai and Kolkata, which are held by Vodafone, Airtel and Loop Mobile through their licences which are expiring in November.

  • The 3G auction in 2010 lasted for 34 days, while the auction in November 2012 lasted for 2 days and March auction last year lasted only one day.

HCL Corp’s entry in healthcare sector

  • HCL Corporation has announced its foray into the healthcare sector with the launch of HCL Healthcare that seeks to address the entire spectrum of health care needs, providing health care delivery, innovative medical services, and training to meet the growing need for quality healthcare.

  • To begin with, Shiv Nadar, founder and chairperson of HCL, Shiv Nadar Foundation, launched HCL Avitas — multi-speciality clinics — in affiliation with Johns Hopkins Medicine International.

  • The two HCL Avitas clinics in the national capital, which will become functional soon will provide “unmatched patient experience and outcomes by adopting global best practices for medical quality and training, using evidence-based systems and integrating advanced technology”. HCL Avitas will offer the best of patient-centric care aimed at providing long-term care needs.

  • The clinics will be networked, giving patients access to their medical history and to the best specialists available in the systems.

U K Sinha: two more years as Sebi chief

  • Sebi chairman U K Sinha has got a two-year extension till 2016 as Finance Ministry has issued a notification to this effect.
  • The extension will be with effect from February 18 this year till 2016.
  • Under the stewardship of Sinha, who has been at the helm at Sebi for almost three years, key reform measures were initiated in the capital market.
  • These include stringent disclosure norms, strict regulations for merchant bankers and the introduction of a new category of foreign investors.

Sochi Olympics and India

  • The names adorning just about every available spot on Indian luger Shiva Keshavan's speedsuit are written in faint gray letters, barely visible to those even nearby.

  • They are not insignificant. For the Sochi Olympics, those names are essentially Keshavan's flag.

  • India is not officially at the Sochi Games, the nation suspended by the International Olympic Committee after it refused to ban corruption-tainted officials from running for elections. The suspension is expected to be lifted after new elections in the coming days, but likely not come in time for Keshavan and two other athletes from India - both skiers - to actually represent their country.

  • So instead, they will all race under the Olympic flag in Sochi. And in an effort to find a way to represent his country without a flag, Keshavan offered donors a chance to be listed on his uniform. Some of those who backed his quest for the Sochi Games have their names on the white suit that he will wear on race days.

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