Current News: 1.> The FIPB has approved a proposal to assemble upgraded version of a military and civil helicopter in collaboration with the AgustaWestland, a firm which is facing corruption inquiry in India.The Foreign Investment Promotion Board (FIPB) in its meeting on September 19 approved the proposal of Indian Rotorcraft, which is a joint venture between Tata Sons (74%) and AgustaWestland (26%). 2.> The notorious leader of one of Colombias most violent drug gangs has been arrested in Spain, police say. Cipriam Manuel Palencia Gonzalez, the head of the Urabenos gang, is wanted for a string of crimes including the murder of a police officer in Colombia. 3.> The US Navy has christened the first of its new Ford-class of nuclear-powered aircraft carriers. The new super-carrier, which is only 70% complete, is named after late US President Gerald Ford. The USS Gerald R Ford is reportedly about 22% over budget, at a cost of almost $13bn (£8.1bn, 9.7bn euros). 4.> The Supreme Court in the Maldives has suspended a presidential election run-off, after protests from a candidate. On Saturday, ex-President Mohamed Nasheed polled nearly 47%, just short of the 50% needed for outright victory. 5.> Around 10,000 people may have died in just one area of the Philippines hit by Typhoon Haiyan, according to officials. One of the worst storms on record, it destroyed homes, schools and an airport in the eastern city of Tacloban. 6.> Talks between world powers and Iran have failed to reach an agreement on Tehrans nuclear programme. EU foreign policy chief Catherine Ashton told a press conference that there had been a lot of concrete progress but some differences remain. 7.> Doctors have given Argentinas President Cristina Fernandez de Kirchner medical clearance to return to work. A month ago President Fernandez underwent surgery to remove a brain clot on her brain. A government spokesman, Alfredo Scoccimarro, said the results from scans she had on Friday had been satisfactory. 8.> Voting began in the Maldives’ latest attempt to elect a president Saturday, as a constitutional deadline approached. The first round of presidential elections was held in the island nation on September 7, and was due to be followed by a runoff when none of the candidates won at least 50 per cent. 9.> Chinas annual consumer inflation climbed to an eight-month high of 3.2% in October, driven by food prices, data showed on Saturday, adding to market worries about policy tightening as the worlds second-largest economy stabilises. 10.> Indias Mars Orbiter Mission (MOM) is one of the most tracked satellites in the World, according to N2YO, which provides web-based realtime satellite mapping tools. According to the website, MOM, which was launched on November 5 by India, was the fourth most tracked sattelite globally. 11.> US Federal Reserve Chairman Ben Bernanke said Friday that the US regulators face a continuing challenge of making financial crises far less likely and far less costly. He talked about the similarities between the 2008 financial crisis and the 1907 financial panic, and said both crises had a identifiable trigger that spread uncertainty and the provision of liquidity in the early stages was crucial, but only the first step.
Posted on: Mon, 11 Nov 2013 00:55:08 +0000
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