BanCyclopedia: The daily news capsule! 1. Deepak Parekh committee has scaled down the infrastructure investment projections for 12th five year plan by nearly 40% to Rs. 30.90 lakh crore from Rs. 51.46 lakh crore. It projected in an interim report in 2012. 2. Capital market regulator SEBI has enhanced focus on the use Hindi and it will soon empanel professionals for the translation of its various documents into this language. 3. Karvy Financial Services is looking to raise Rs. 600-650 crore from private equity investors over the next six months. 4. The Reserve Bank of India may consider raising interest rates to bring down the persistently high inflation on a durable basis, suggested IMF working paper. 5. The Prime Ministers Office has discloses new details that show Prime Minister Narendra Modis assets have come down by Rs. 40 lakh since his last declarations in April. 6. Narendra Battra took charge as the president of Hockey India yesterday. 7. The Supreme Court appointed high-powered committee stated that only pictures and names of the President, Prime Minister, Governors and Chief Ministers should be published in government advertisements without mentioning or using names and pictures of political parties and their office bearers and has recommended a slew of measures to “keep politics away” from such ads to check “misuse and abuse” of public money. 8.10-year-old Nihal Sarin defeated 19-year-old from Sweden, Jonathan Westerberg in World Junior Chess Championship in Pune. Westerberg, an International Master, had 344 more FIDE ranking point than his pre-teen rival. 9. Australia defeated Pakistan in T-20 match by six wickets on Sunday. Maxwell finished with 3-13 after removing opening batsman Awais Zia for 3 while Umar Amin and Sohaib Maqsood fell without scoring. 10. NATO wants constructive relations with Russia even as it increases its presence in its member states in eastern Europe, the alliance’s new secretary-general told yesterday.
Posted on: Tue, 07 Oct 2014 04:01:14 +0000
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