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Major News and Events of 10 August 2012

What Happened on 10 August 2012

Government formulates measures to tackle black money

The government has disclosed the details of its efforts to reveal and control black money.This is when the yoga guru Baba Ramdev's fast reached second day in demand for bringing out the money stashed overseas. Government has a "huge network of amended" Double Taxation Avoidance Agreements with 84 countries and Tax Information Exchange Agreement (TIEA) with nine tax havens. In a statement it was said that the government has acquired "more than 12,500 pieces of information regarding details of asset and payments received by Indian citizen in several countries which are now under different stages of processing and investigation". Further the authorities have got 30,765 pieces of information where suspicious transactions which are being probed. More details were provided like  taxes worth Rs. 48,951 crore  were received from cross broader transactions in last two financial year

Pakistani Hindus enter India, say will return

119 Pakistani Hindus reached India after providing assurance to the authorities in Pakistan that they would return back to Pakistan once their pilgrimage was completed.Though they are silent on their future some spoke off the record to say that life was difficult back in Pakistan and if allowed they would like to stay in India.They also said that they were forced to convert to Islam. Rehman Mailik, the Interior Minister of Pakistan publicly had earlier stated that this was a conspiracy against Pakistan and wanted to know why so many visas were allotted to Hindus. He refused permission to the Hindus beyond Jacobabad but later on relented to the demands after their representatives assured the families would return to Pakistan.

Rs.2 bn equity investment in Srei Equipment Finance approved

Kolkata-based infrastructure and construction equipment financing company Srei Infrastructure Finance Ltd. (SIFL) and French financial major BNP Paribas have given approval for equity investment of up to Rs.2 billion in their joint venture, Srei Equipment Finance (P) Ltd. SIFL informed Bombay Stock Exchange (BSE) that the funds would be raised through public issue of secured, redeemable, non-convertible debentures, not exceeding Rs.2 billion, in one or more tranches. Srei Infrastructure Finance at the same time has stated that there is a 68 percent dip in its consolidated net profit for the quarter ended June 30, 2012. Net profit dipped to Rs.17.42 crore from Rs.54.60 crore during the same period last year.

Sensex closes flat; SBI main loser down over 4 percent

Sensex closed the day flat amid high uncertainties.The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which started  at 17,515.42 points, closed at 17,557.74 points, 0.02 percent or 3.13 points down from its previous day's closing at 17,560.87 points. The BSE consumer durables index dipped by 106.86 points, followed by auto index, down 115.93 points, and banking index down 102.14 points while the wider 50-scrip S&P CNX Nifty of the National Stock Exchange was 0.05 percent up at 5,320.40 points. SBI was the biggest loser closing 4.26 percent down at Rs.1,887.95.Other main losers were Tata Motors, down 3.07 percent at Rs.232; Hero MotoCorp, down 2.27 percent at Rs.1,914.20; Tata Steel, down 1.45 percent at Rs.400.40; Coal India, down 1.09 percent at Rs.348.60; and BHEL, down 0.89 percent at Rs.228.80. Those who gained were Hindustan Unilever, up 2.13 percent at Rs.497.70; Sterlite Inds, up 1.65 percent at Rs.111; Maruti Suzuki, up 1.61 percent at Rs.1,163.50; and TCS, up 1.53 percent at Rs.1,277.80. 

Salman states we need to act rather than only talk about our love for the nation

Actor Salman Khan is engaged in supporting noble causes through his NGO Being Human. He thinks that his success in the film industry gives him an opportunity to help people so for that fame is important as he can use his name for good cause. He also stated we needed to act rather than only talk about love for our country and the society requires some actions now. The actor is playing a spy in his upcoming movie Ek Tha Tiger. 


Ganguly surprised at Yuvraj's inclusion and no new blood in the team

Former India skipper Sourav Ganguly is surprised at the inclusion of the stylish batsman Yuvraj Singh in the Indian team for the upcoming World T20 championship in Sri Lanka. He said that it has not been long that he has recovered and he hoped Yuvraj was in the best shape to play at this moment. Ganguly was also shocked to see there was no new blood in the team and the same team has been retained which had lost eight test series in a row overseas by the Krishnamachari Srikkanth-led selection committee.



AERB gives nod for fuel loading in Kudankulam nuclear reactor

The Atomic Energy Regulatory Board (AERB) gave its approval to load real fuel in the first unit of 1,000 MW Kudankulam Nuclear Power Project (KNPP) at Kudankulam. This will initiate the running of the Tamil Nadu plant which was delayed by villagers' agitation. The plant which is located in Tirunelveli district is being built by the Nuclear Power Corporation of India Ltd. (NPCIL). Generation in this project will start from September. For loading the fuel 10-15 days will be required and the IAEA (International Atomic Energy Agency) should be informed about the fuel loading,this was stated by S.A. Bhardwaj, director (technical) at NPCIL.

FAQs and Answers on Indian History and Geography
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