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  • Improving Africa’s farming to boost earnings

    Current Affairs,Oct. 01, 2016

    United Nations Food And Agricultural Organisation(FAO) said that by modernizing & environmentally sound farming system of sub-Saharan Africa may meet global agro needs & raise economy of rural families. Also said that,by more output of higher value products shall improve lively hoods of small farmers & also with renewed business opportunities. This may also be adopted by other countries,with needed innovations there.    

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  • (Re. 1)Railway Travel insurance bought by 1 Crore passengers

    Current Affairs,Oct. 01, 2016

    10 million passengers bought Railway Travel Insurance of Re.1.It covers incidences like death ,disability,terrorism, travelling on diverted routes,etc.Passengers buying tickets of any class or category on IRCTC's website are covered except those travelling on suburban trains.Compensations to be paid up to 10; 7.5 & 2 lac in cases of death/permanent total disability; permanent partial disability & treatment expenses      

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  • Qualcomm-NXP deal to be historically largest in M & A rush

    Current Affairs,Oct. 03, 2016

    Qualcomm chipset maker is negotiating with NXP Semiconductors to buy it for more than $30 billion. NXP's stock up by 15% to market value of $33 billion. If deal is done it may be historically largest in deal of semiconductors. NXP had completed in December its merger with Freescale Semiconductoes valued at $ 40 billion. M & A is trying for growth as revenue growth has declined & making smaller,faster chips is becoming complex  

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  • Current Affairs,Oct. 03, 2016

    Anil Ambani's Reliance Group has signed a Joint Venture with Dassault Aviation,France makers of Rafael Jets,to be named as Dassault Reliance Aerospace. It will work under Government & Dassault deal to buy 36 Rafael fighter Jets.Deal makes mandatory for Dassault to give Indian Companies business worth Rs.30,000 Cr.After it share price of Reliance Defence &amp Engineering was up by 5.3% to Rs. 581.It will support PM's 'Make in India'  

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  • Current Affairs,Oct. 04, 2016

    On Oct'04,2016,shall present its reviews on Monetary Policy Committe (MPC)  recommendations,chaired by RBI,Governor. Experts expect no changes in Equity Money Installments(EMI) & other banking rates etc., as there has not been  appreciable reduction in Wholesale Price Index (WPI) which is 3.76% & Retail Price Index (RPI)which is now 5.04%. Targets fixed by Government for RPI for next 5 years is 4% +/- 2%. 

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Singapore's airline Scoot Airways launches Jaipur service

As India attracting foreign airlines due FDI(foreign direct investment) relaxation,Singapore's low cost airline,Scoot Airways started its 3rd service in India launching flight to Jaipur on Oct'03.It began flights to Chennai & Amritsar,with good response. Flights from Singapore to Jaipur on Monday,Friday, & Sunday,& from Jaipur to Singapore are on Monday,Tuesday & Saturday.Scoot to fly to Jaipur thrice/week,increase it to 4/week

Current Affairs,Oct. 04, 2016
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  • Current Affairs,Oct. 04, 2016

    IT ministry on Oct'03 approved 9000 seats in business process outsourcing(BPO) units for small cities like Patna,Cuttack,Varanasi,Siliguri,Dhule etc. so that people can work in their home towns & not to leave their native places.India has 38% share in global BPO Industry & can grow big & then 3000 more seats be approved.More than 50 Co.s will set up BPO operations at 60 locations.                 …

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  • Current Affairs,Oct. 04, 2016

    Joint Venture Co. Dassault Reliance Aerospace to gain much due to 36 Rafael fighter air crafts deal.Agreement includes 50% offset obligation, contract. JV co. to execute offset obligations. This Co. will promote Research & Development projects under Indigenously Designed & Manufactured(IDDM), initiative of Defence Ministry. Dassault to offer know how & experience in design development & sale of all air crafts.     

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Current Affairs,Oct. 05, 2016

Jet Airways on Oct'04 offered to fly for Rs.939 on selected domestic routes. As per its concessional rate scheme,ticket booking will be done from Oct'04 to 07. Jet Airways stated that passengers shall start travelling from Nov'08,2016.This scheme is only for straight flights in India. Earlier Spicejet offered a special scheme @ Rs.800 for domestic & Rs.3,699 international flights during festivals(for limited period)       

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24 MW wind power project of JSPL to be sold to IDFC

Jindal Steel & Power Ltd(JSPL) agreed to sell its 24 MW wind power project at Satara to IDFC Alternatives India Infrastructure FUND II,for an undisclosed value & deal is expected to be closed in 2 months. IDFC Alternatives plans to acquire 250 MW of operating wind,solar & small hydro capacity by 2016 end and about 600 MW in next 18 months.This disinvestment by JSPL is to reduce its debt load,which is Rs.46,816.44 Crores  

Current Affairs,Oct. 05, 2016
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