Current Affairs For Bank, IBPS Exams - 25 June, 2014

Current Affairs For Bank, IBPS Exams

With stock markets on an upturn and SEBI pushing for minimum 25 per cent public holding in PSUs, the Disinvestment Department is likely to revise upwards from the Rs.51,925 crore PSU stake sale target for the current fiscal.
The new government is eyeing higher funds from PSU stake sales. There will be some companies which will be fast tracked for stake sale in the current fiscal in view of 25 per cent public holding norm.

After deciding to sign the Additional Protocol with the International Atomic Energy Agency (IAEA), the Government has sought to pluck another low-hanging fruit at the international level by approving the signing of an MoU with the Chinese for setting up industrial parks here.
Briefing reporters after the Cabinet meeting, Law and Justice and Telecom Minister Ravi Shankar Prasad said that details would be disclosed after the MoU is signed with China.
The subject will be discussed in greater depth by Vice President Hamid Ansari who leaves for Beijing to meet his Chinese counterpart.
The trajectory of discussions has led to the Chinese agreeing to allow India to set up industrial parks there as well but officials said this is a futuristic proposal and could take a couple of years to materialise.
Then Prime Minister Manmohan Singh took up the proposal during his visit to Beijing in October last year and agreed with the Chinese leadership that inward investments would be the best way to bridge the widening trade deficit from India’s point of view.

Brightstar Corp, one of the largest distributors of mobile devices in the world, is all set to acquire majority stake in Beetel, a part of India’s Bharti Group. Beetel is also into distribution and sales of telecommunications and technology products.
For Bharti, which now operates cellular and fixed line services, this was its first foray into the telecom sector at a time when the public sector, especially ITI, ruled the roost in telecom hardware.
“Brightstar and Bharti are in the final stages of signing the contract. With this partnership, Brightstar will be able to leverage Beetel’s well-established distribution platform throughout India and Africa.

The Hyderabad District Badminton Association (HDBA) will conduct a tournament for boys, girls under-13, 15, 17 and 19 years of age, men, women and veterans over 45 and 55 years at the Kotla Vijaya Bhaskar Reddy indoor stadium, Yusufguda from June 27 to 29.
Those selected from this event will represent the district in this year’s Telangana championships.
Besides registration costing Rs. 100, there will be entry fees of Rs. 200 for each player in singles and Rs. 400 for doubles. Date of birth certificates/proof of age is mandatory for all players except those registered with the Badminton Association of India (BAI).

India has dropped to ninth from the eighth spot in the revised FIH world rankings for men after the recent World Cup. Australia continues to be No.1 followed by the Netherlands, which pushed Germany to the third spot.
Argentina, winner of the bronze, moved to No.7 from 11th place.Among the Asian teams, Korea is at No.8 while Malaysia, which finished last, is ranked 13.
Pakistan slips to No.12 from 9 after failing to make the grade for the World Cup.In the women’s section, the Netherlands leads the list followed by Australia.