DOWNLOAD PDF1. Tata Consultancy Services (TCS) became the first Indian company to exceed Rs 5 lakh crore in market capitalisation. It may reach a $100-billion market cap in the next two years.
2. The Reserve Bank of India (RBI) has raised the foreign institutional investors' (FIIs') sub-limit in government bonds by $5 billion with overall limit unchanged at $30 billion. The existing sub limit $20-billion in government bonds was exhausted and this decision will stabilise yields and volatility.
3 India voted in support of Palestine in UN Human Rights Council resolution to launch a probe into Israel's offensive on Gaza. BRICS nations voted in favour while European nations abstained from voting. US was the only nation to vote against the resolution. The resolution follows Israel's bombing of Gaza Strip in a 16 day conflict which killed nearly 600 Palestinians.
4. India may veto the WTO agreement which has to be signed by July 31 by all member countries for its ratification. India is against the 10% public stockholding limit in the Trade Facilitation Agreement which when implemented, will perceive subsidies given to poor under Food Security Act in India as leading to distortion in food prices around the world. India's stand may be backed by African countries and some Latin American nations.
5. Telecom Regulatory Authority of India (Trai) will review telecom service providers' freedom to fix mobile call and service rates if it exceeds the fixed ceiling rates. It has also recommended extension of licence period for direct-to-home (DTH) operators to 20 years.
6. National Skill Development Corporation (NSDC) has planned to train 150 million people by 2022. NSDC has made a skill development management system where data of all trainees is maintained and monitored across the country.
0 comments:
Post a Comment
[img]https://1.bp.blogspot.com/-aFPBR4LADew/V85_aRWKXkI/AAAAAAAAHAw/O_N9dmf5tMQu0kSfbC3NU2yCzkLVQV7eACLcB/s320/share.png[/img]