GK Updates =========== 1. India, Finland to ink pacts in energy, education & other areas i. India and Finland are expected to sign a slew of agreements to bolster cooperation in energy, fishing and education, besides exploring tie-ups in science and technology during President Pranab Mukherjees three-day state visit to this key Nordic nation beginning on Tuesday. ii. The two sides are also likely to firm up pacts for enhanced cooperation at the government-to-government, business -to-business level as well as among institutions. iii. India is also seeking to benefit from Finlands expertise in knowledge-based economy and clean technology, official sources said. 2. India signed the Minamata Convention on Mercury i. India on 30 September 2014 signed the Minamata Convention on Mercury. The convention is named after the Japanese city Minamata that has become synonymous with deadly mercury contamination since 1950. ii. The Minamata Convention gives five years time to India to control and reduce emissions from new power plants and 10 years time for the already existing power plants. Minamata Convention The Minamata Convention on Mercury is a global treaty to protect human health and the environment from the adverse effects of mercury. It was agreed at the fifth session of the Intergovernmental Negotiating Committee in Geneva, Switzerland on 19 January 2013. 3. Retail inflation drops to 6.46 % in Sept this year i. Bringing some relief to the common man, retail inflation dropped to 6.46 percent in September this year--its lowest level since the government started releasing the data in January 2012--due to falling prices of fruits and vegetables. ii. As per official data released today, overall food inflation measured by the Consumer Price Index fell to 7.67 per cent in September, from 9.35 per cent in August. Consumer price based inflation in the vegetable basket fell sharply to 8.59 per cent in September, from 15.15 percent in August. 4. India promises $4 million aid for rebuilding Gaza i. India has promised $4 million in the total $5.4 billion aid that the global donors have pledged to raise funds for rebuilding the Gaza Strip destroyed by the conflict with Israel. ii. Announcing Indias aid at the UN-sponsored International Donors Conference in Cairo yesterday, Joint Secretary of West Asia and North Africa, Ministry of External Affairs Sandeep Kumar said that the early realization of the objectives of the Cairo Conference will be an important element in the consolidation of the current ceasefire understanding between Palestine and Israel. 5. India to host first leg of Asia Cup Archery Tournament in Delhi in January 2015 i. India will host first leg of Asia Cup Archery Tournament in Delhi in January 2015. The announcement was made on 12 October 2014 by Archery Association India (AAI). ii. The Asia Cup will be held on the format of the annual World Cups. Asia Cup will replace the Asian GP. iii. The first leg will be conducted in Delhi in January 2015 while the second and third legs was allotted to Bangkok and Tehran. 6. SEBI bars DLF, chairman KP Singh, 5 others from markets for 3 years i. Regulator SEBI has barred realty major DLF, as also six top executives including Chairman K.P Singh, from securities markets for three years, after finding the company guilty of “active and deliberate suppression” of material information at the time of its public offer. ii. Those prohibited from the markets include Singh’s son Rajiv Singh (Vice Chairman) and daughter Pia Singh (Whole Time Director), SEBI said in its order. iii. “I find that the case of active and deliberate suppression of any material information so as to mislead and defraud the investors in the securities market in connection with the issue of shares of DLF in its IPO is clearly made out in this case,” SEBI’s Whole-Time Member Rajeev Agarwal said in his 43-page order. iv. The company and its top executives are found to have violated various regulations including SEBI’s Disclosure and Investor Protection (DIP) Guidelines and the PFUTP (Prevention of Fraudulent and Unfair Trade Practices) norms.
Posted on: Tue, 14 Oct 2014 13:00:19 +0000
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