World Bank ranks India at 132

As per the World Bank Report, India has been ranked at 132 amongst the sample 183 countries, said Minister of State for Corporate Affairs R.P.N. Singh on Thursday.

"Recognising the need for Reforming the Regulatory Environment for doing business in India, a Committee under the Chairmanship of Shri. M. Damodaran has been constituted on 23.08.2012 by this ministry to extensively examine different areas of root functioning such as financial reforms, governance reforms, liberalized policy framework, process reforms etc, and to suggest a roadmap for improving business climate in India," said Singh in Lok Sabha.

Andhra Bank Clerk's 2012 Recruitment Final Result Out

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Current Affairs August 2012 Quiz-22

1.Neil Armstrong, the first human to set foot on the moon, died on August 25, 2012. He landed on the moon on which of the following dates?
1) August 5, 1969
2) August 9, 1969
3) July 26, 1969
4) July 20, 1969 5) July 22, 1969

2. The 16th Summit of the Non-Aligned Movement (NAM) was held in August 2012 in which of the following countries?
1) Egypt 2) Iran
3) India 4) Turkey 5) Senegal

August 2012 Economic Affairs

Finance Minister P. Chidambaram has been appointed as India's Governor on the Board of Governors of the African Development Bank and African Development Fund in place of Pranab Mukherjee.Likewise, Department of Economic Affairs Secretary Arvind Mayaram has been appointed as India's alternate Governor.

SEBI has allowed seven Alternative Investment Funds (AIF) to set up shop in the country under a newly formulated route, which allows pooling of funds for investments in areas such as real estate, private equity and hedge funds. The approval has been given to all the seven AIFs by the Securities and Exchange Board of India in a period of less than one month, as per the information available with the market regulator. SEBI had notified its guidelines in May for AIFs, which are funds established or incorporated in India for the purpose of pooling in of capital from Indian and foreign investors for investing as per a pre-decided policy. As per SEBI data, six AIFs registered with the regulator during August 2012, while one was granted registration on July 23.

August 2012 International Affairs

Russia became the 156th member of the World Trade Organization on 21 August, following nearly two decades of negotiations. Russia was one of the world's last major economies to join the Geneva-based institution, having previously expressed concerns about the potential influx of Western goods and services. As part of its membership, Russia has agreed to lower import tariffs to less than 8 percent from a current average of around 10 percent. As part of the agreement, Russia has also made commitments to open trade in several sectors, including the banking, automotive and insurance industries. Some analysts expect this will be to the benefit of Russian consumers by making it cheaper for them to purchase imported products while allowing them to save more and invest back into the local economy. Russia joins the South Pacific island nation of Vanuatu, which will become the WTO s 157th member on 21 August. Pascal Lamy is the present Director-General of WTO.

August 2012 Bilateral Relations Affairs

India and Belgium on 8 August decided to cooperate in the railway sector. A MoU was signed for this purpose in the presence of visiting Deputy Prime Minister Didier Reynders, who also holds the portfolio of Foreign Affairs, Foreign Trade and European Affairs. Speaking on the occasion, Minister of External Affairs SM Krishna said India wanted to collaborate with Belgium in newer areas, particularly in infrastructure and energy sector, including port development, renewable energy, both solar and wind power. He said his discussions with Mr Reyders touched the entire gamut of their bilateral relations and touched on their cooperation in further strengthening the strategic partnership with the European Union. They took note of the fact that despite global economic slowdown, there was substantial increase in their bilateral trade, which has now crossed the 13 billion Euro mark in 2011. Belgium has now emerged as the second largest trading partner in goods sector within the European Union.

August 2012 National Affairs

India's ruling United Progressive Alliance chairperson Sonia Gandhi has been ranked sixth, in the Forbes magazine list of 100 powerful women. German Chancellor Angela Merkel is ranked the most powerful in the world for the second year in a row. US Secretary of State Hillary Clinton is placed second, followed by Brazilian President Dilma Rousseff, making the top three spots unchanged from that of last year. US first lady Michelle Obama, who had topped the list in 2010, was ranked No.7. Also in the top five were Melinda Gates, co-chair of the Bill and Melinda Gates Foundation and wife of Microsoft Corp co-founder Bill Gates, and Jill Abramson, executive editor of the New York Times. Besides Sonia Gandhi, the list released on 21 august features three other Indians. Padmasree Warrior, chief technology and strategy officer, Cisco Systems, and Chanda Kochhar, managing director and CEO, ICICI Bank, are ranked 58th and 59th, while Kiran Mazumdar-Shaw, founder and chair, Biocon Ltd, is placed 80th. PepsiCo's Indian-American chairperson and CEO Indra Nooyi is ranked 12th. The list named women involved in policymaking, entertainment, technology and nonprofit organisations, among other fields. They were ranked according to influence, the amount of money they control or earn, and media presence.

Justice Sundaresh Menon to be appointed new Chief Justice

Judge of Appeal Sundaresh Menon will be appointed the Chief Justice (CJ) of the Supreme Court with effect from Nov 6, replacing the present Chief Justice Chan Sek Keong who will retire on the same day after he reaches his 75th birthday.

A statement from the Prime Minister's Office on Wednesday afternoon said that the decision to appoint Justice Sundaresh Menon was taken "in concurrence with the advice of the Prime Minister".

Union bank of india 2012 Clerk Result Out

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Statements and Conclusions

Generally 5 questions are covering in bank clerk exams from this topic.

Directions (1-5): In each question below are three statements followed by two conclusions numbered I and II. You have to take the three given statements to be true even if they seem to be at variance from commonly known facts and then decide which of the given conclusions logically follows from the three statements disregarding commonly known facts.(UBI 06-02-2011)

Give answer (1): if only conclusion I follows.
Give answer (2): if only conclusion II follows.
Give answer (3): if either conclusion I or conclusion II follows.
Give answer (4): if neither conclusion I nor conclusion II follows.
Give answer (5): if both conclusion I and conclusion II follows.

1. Statements:
All the paints are colors.
All the links are paints.

Conclusions:
I. No varnish is paint.
II. All links are colors.

Rahul Dravid, Gautam Gambhir nominated for Padma Awards

Just retired Rahul Dravid will be nominated for Padma Bhushan award 2012 for his service and contribution to Indian cricket.

Padma Bhushan is the third highest civilian honour in India after Bharat Ratna and Padma Vibhushan.

Rahul Dravid had announced retirement from cricket in March 2012 after playing 16 years of international cricket for India.

Current Affairs August 2012 Quiz-21

1. Meles Zenawi passed away on August 20, 2012. He was the Prime Minister of which of the following African countries from 1995 until his death in 2012?
1) Somalia 2) Ethiopia
3) Eritrea 4) Djibouti
5) Sudan

2. Which Chinese woman shooter won the first gold medal of the London Olympics on July 28, 2012?
1) Yi Siling
2) Yu Dan 3) Ye Shiwen
4) Wang Mingjuan
5) Li Xuerui

Neil Armstrong, first man on moon, dies at 82

Neil Armstrong, the legendary US astronaut, who in 1969 took "one giant leap for mankind" by becoming the first man to set foot on the moon, has died at the age of 82, his family said on Saturday.

Armstrong died just weeks after he underwent a heart surgery, and his family said in a statement that he passed away following complications resulting from cardiovascular procedures, according to US media reports.

July 20, 1969 became a watershed date in the history of mankind after Armstrong, commanding the Apollo 11 spacecraft landed on the moon, and accompanied by fellow astronaut Edwin Aldrin spent nearly three hours walking on the moon.

Computer Awareness 4 Bank Exams

1. Hackers ………………
(A) all have the same motive
(B) are people who maintain computers
(C) may legally break into computers as long as they do not do any damage
(D) break into other people's computers
Ans: break into other peoples computers

2. Unauthorised copying of software to be used for personal gain instead of for personal backups is called ………………
(A) program thievery
(B) data snatching
(C) software piracy
(D) program looting
Ans: software piracy

Merkel tops Forbes list of powerful women; Sonia No. 6

Forbes magazine ranked German Chancellor Angela Merkel the most powerful woman in the world for the second year in a row in the annual list dominated by politicians, businesswomen and media figures.  U.S. Secretary of State Hillary Clinton placed second, followed by Brazilian President Dilma Rousseff, making the top three spots unchanged from last year. Sonia Gandhi, president of the Indian National Congress, was at No. 6.

The list named women involved in policymaking, entertainment, technology and nonprofit organizations, among other fields. They were ranked according to influence, the amount of money they control or earn, and media presence.

Tamil Nadu student wins U.K. MBA scholarship

Sruthi Vijayachandran, a postgraduate student from Tamil Nadu, has been awarded a scholarship to study MBA at the London School of Business Finance after being awarded the First Prize in the final of the Best Young Speaker from Asia competition held at Robinson College, University of Cambridge.

 

Ms. Vijayachandran, who hails from Coonoor, was among nine young English language students from across Asia flown to Britain to take part in the competition that involved giving two presentations with a business theme and answering a series of questions put to them by an expert panel.

Current Affairs August 2012 Quiz-20

1. The restructured version of the Provision of Urban Amenities in Rural Areas (PURA) was launched by the Rural Development Minister Jairam Ramesh recently in which of the following states?
1) Tamil Nadu 2) Kerala
3) Goa 4) Orissa
5) Andhra Pradesh

2. Who was elected as a judge of the International Court of Justice (ICJ), based in The Hague, Netherlands in April 2012?
1) Justice Altamas Kabir
2) Justice D.K.Jain
3) Justice P. Sathasivam
4) Justice G.S.Singhvi
5) Justice Dalveer Bhandari