Date: 31st Dec 2011

Important News of the Day


1. Russia N-sub INS Chakra will be delivered to India on Jan 2012.
2. TCS overtakes RIL as most valuable company.
3. Cyclone Thane hits TN.
4. Govt. to borrow Rs. 40K cr from market.
5. RBI unveils draft Basel III norms.
6. PNCPS- Perpetual Non-cumulative Preference Shares.
7. Saqib Ahmed (golf) named IGU 'player of the year'.

Date: 30th Dec 2011

Important News of the Day


1. Food Inflation falls to 6-year low of 0.42%.
2. US, Iran gear up for strait fight.
3. SUUTI- Specified Undertaking of Unit Trust of India.

Date: 29th Dec 2011

Important News of the Day




1. SBI set to get 6,000cr from govt.

2. India, Japan sign $15bn (approx Rs 80,000cr) currency swap deal.

3. Argentina President- Cristina Fernandez.

Date: 28th Dec 2011

Important News of the Day


1. LS passes Lokpal bill, but without constitutional status.
2. China to build world's highest airport next year in Tibet.
3. Uniform cheques for e-clearing.

Date: 27th Dec 2011

Important News of the Day


1. Indo-Japan summit held in Delhi, India, Japan PMs to meet. N-trade tops agenda.
2. Yes bank to offer 7% p.a in savings a/c for balance above 1lac, 6% p.a for bal below 1lac.
3. RBI to issue Rs. 500 note with rupee symbol.
4. Core sector rebounds in Nov, grows 6.8%.
5. Govt. seeks higher dividend from PSUs.

Date: 26th Dec 2011

Important News of the Day


1. CAG suspends Padma awards audit.
2. China tops in illicit cash flow.

 Illicit cash flow arise through trade mispricing.
If an exporter understates the value of goods actually exported in relation to the imports recorded in the importing partner country and keeps the balance of funds abroad, that too is an illicit outflow.










3. GFI- Global Financial Integrity.
4. Fiscal deficit may swell to 5.2% compared to the 4.6% of GDP.

5. FDI down 50% in Oct to $1.16bn.

"MERRY CHRISTMAS TO ALL OF U"

Important News of the Day

1. Polls 2012 in UP, Punjab, U'khand, Goa and Manipur.

2. "Target 3 Billion" written by APJ Abdul Kalam.

Date: 24th Dec 2011

Important News of the Day


1. Minority sub-quota of 4.5% from within 27% OBC quota in central education institutes.
2. Rajiv Gandhi Scheme for Empowerment of Adolescent Girls(11-18yrs) - SABLA.
3. EPFO- Employee Provident Fund Organisation.
4. FIC- Finance and Investment Committee.
5. IPV- In-person Verification.
6. Crisil MD and CEO- Roopa Kudva.
7. Ivory coast midfielder Yaya Toure named African Footballer of the year.

Date: 23rd Dec 2011

Important News of the Day


1. Food Inflation falls to 1.81%.
2. Gowda becomes first Karnataka CM to become upper house member.
3. Steve Jobs to get PostHumous Grammy for revolutionizing the way music is enjoyed.
4. Haryana beat Orissa, win Jr. National Hockey.

Date: 22nd Dec 2011

Important News of the Day

1. Earth-sized twin planets found- Kepler-20e, Kepler-20f, earlier this month earth sized planet was discovered called Kepler-22b.

2. Pokhran man P K Iyengar dead.

3. Mandal Commission- Minority affairs.

4. Bunge buys edible oils biz of Amrit Banaspati.

5. Moody's upgrades India's local currency debt rating to Baa3 from Ba1.

"India's Baa3 rating incorporates credit strengths such as a large, diversified economy, robust medium term growth prospects and a strong domestic savings pool that facilitates the financing and refinancing of the government's relatively high debt burden"

6. KF slips to No. 5 in market share, Naresh Goyal’s Jet group remains the biggest player, Rahul Bhatia’s IndiGo is second.

Date: 21st Dec 2011

Important News of the Day


1. India out of trillion-dollar market cap club.
2. Sunil Chhetri declared AIFF player of the award.

Date: 20th Dec 2011

Important News of the Day

1. Sweden's Saab Automobiles files for bankruptcy after GM veto.

2. Saudi prince Alwaleed buys stake in Twitter for $300m.

3. Sikkim quake leaves 8 dead.

4. Kim Jong-il, the North Korean 'Dear Leader' dies, son Kim Jong-un takes over as leader.

Date: 19th Dec 2011

Important News of the Day


1. Cabinet clears food security bill, minimum of 46% rural, 28% urban population will get 7Kg foodgrain per month per person, Rice at Rs 3/Kg, Wheat at 2/Kg, Coarse grain at Re 1/kg for BPL category.
2. Ajit Singh Appointed as new Aviation Minister.
3. Lower Subansiri Dam under protest from locals in Assam.
4. Mulla-periyar Dam disputes between Kerala and TN.
5. Post-Iran deal fiasco, India gets Israel's gas offer.
6. US troop lesave Iraq, ending war.
7. World Champion Wang Yihan (china) beat Saina Nehwal at BWF World Super Series Finals.
8. Barcelona beat Santos in Club World Cup in Japan.
9. Shiva wins Asia Cup gold in athletes, sets record.
10. James Willstop is the new master of squash.
11. Dipika Pallikal won women's professional squash tour in Hongkong.
12. Lee Westwood won Thailand Golf Championship, becomes world no. 2 behind Luke Donald.

Date: 18th Dec 2011

Important News of the Day


1. Nancy Powell US envoy to India.
2. Bhagwat Geeta banned in Russia.
3. Soli Sorabjee selected IIC (India International Centre) president.
4. Typhoon kills 436 in Philippines.

Date: 17th dec 2011

Important News of the Day


1. Forex Reserves shrinks by $69m to $ 306.77bn.
2. Marxist militant 'Carlos the Jackal' gets another life sentence for bomb attacks in France three decades ago.

Date: 16th Dec 2011

Important News of the Day


1. Japnese encephalitis (a disease transmitted from pigs to human by mosquitoes) threat looms over capital.
2. Routing Iran oil payments on PM's Moscow agenda.
3. Food inflation at 4-yr low of 4.35%.
4. RBI sells dollars, curbs speculation as Rupee hits 54.3
5. Computer hardware, cell phones get dearer because of Rupee depreciation.
6. What RBI can do to support the rupee:
- sell dollars directly to oil company, offer NRI's higher returns, or introduce scheme for overseas Indians to bring in their funds. 

Date: 15th Dec 2011

Important News of the Day


1. Why Rupee is falling, reasons below:
- it falls on fears that the indian equity markets would see net outflows from foreign investors.
- high interest rates.
2. NDFs- Non Deliverable Forwards.
3. SEBI body to set up securities training institute in Pak.

Date: 14th Dec 2011

Important News of the Day


1. National Energy Conservation Day- 14th Dec.
2. Rs. 8,466cr interest subsidy for power.
3. Infy pips RIL in sensex, nifty.

Date: 13th Dec 2011

Important News of the Day


1. Industrial output falls to -5.1% in Oct.
2. China to set up military base in Indian Ocean.
3. JnNURM- Jawaharlal Nehru National Urban Renewal Mission.
4. H-24 rocket with Japan's spy satellite blasts off from Tanegashima Space Centre, about 1000 Km from Tokyo.
5. Iran captured US Drone (an unmanned spy aircraft).
6. Israel PM- Netanyahu.
7. CDM- Clean Development Mechanism.
8. GHG- Green House Gas.

Date: 12th Dec 2011

Important News of the Day


1. Ind bt WI by 4-1 in ODI series, Man of the Match- Manoj Tiwary, Man of the Series- Rohit Sharma.
2. Ind won SAFF cup, bt Afghanistan by 4-0.
3. Aus won 4th straight Champions Hockey Trophy.
4. Delhi celebrates Capital century.
5. GAIL inks $20bn deal inLNG with US firm.
6. Warren Buffet named his son Howard Buffet as next chairman of Berkshire Hathway.
7. Govt. may hike SME investment cap.

Date: 10th Dec 2011

Important News of the Day


1. 89 die in Kolkata's AMRI hospital.
2. Economy bleak, growth may dip below 7.5% from earlier 9%.
3. EU Summit held at Brussels, EU seals deal to save Euro.

Date: 9th Dec 2011

Important News of the Day


1. Rahul Khullar to be ambassador to EU at Brussels.
2. Deutsche Bank Chief Josef Ackermann.
3. Food Inflation at 3yr low of 6.6%.
4. Shewag creates world record of 219 runs in ODI against WI.

Date: 08th Dec 2011

Important News of the Day


1. Industrial output shrank to -7% from 1.9% in Oct.
2. PMLA- Prevention of Money Laundering Act.
3. CDS (Credit Default Swaps) debuts in India with IDBI Bank deal. CDS is a contract that provide protection against risk of borrowers defaulting.
4. ITC Hotels honoured with 'Best Employer' National Award.

Date: 25th Nov 2011

Important News of the Day

1. Cabinet clears 51% FDI in multi brand stores, 100% in single brand.

2. Maoist leader Kishanji killed.

3. International Day for Elimination of Voilence Against Women- 25th Nov.

4. Shapoor to take charge at SP (Shapoorji Pallonji) Group.

5. Asian Footballer of the year- Server Djeparov.

6. ATP World Tour Finals London winner- David Ferrer.

Date: 24th Nov 2011

Important News of the Day

1. Cyrus Mistry to be next Chairman of Tata Group.

2. Sherry Rehman Pak's new Ambassador to US.

3. Vikram Akula quits SKS Microfinance (India's only listed MFI).

4. Puranam hayagreeva Ravi Kumar will be next SKS Microfinance Chairman.

5. Ben Bernanke- Chairman US Federal Reserve.

6. Rahul Dravid to get Polly Umrigar Trophy.

Date: 23rd Nov 2011

Important News of the Day


1. Cabinet note for 26% FDI in airlines.
2. Rupee dives to lifetime low of 52.73.
3. Ajit Wadekar will be honoured with Col. CK Naidu Lifetime Achievement Award.
4. SA's Mickey Arthur appointed 1st foreign coach of Australian Cricket Team.
5. Barclays ATP World Tour Final winner doubles: Michael Llorda and Nenad Zimonjic beat Bopanna-Querashi.

Date: 20th Nov 2011

Important News of the Day


1. Former telecom minister Sukhram sent to jail for taking bribe.
2. Ela Bhatt wins Indira Gandhi prize for Peace, Disarmament and Development.
3.Buddhist site in Sanchi, Bhopal becomes 1st blind friendly world heritage site.
4. Tokyo's 634m high TV tower named "Tokyo Sky Tree" becomes world's highest tower, made a world record in Guinness Book 


NOTE: Sorry friends, I will not be able to update the blog for coming two days as I am going to Vaishno devi, will update it from Wednesday onwards. Thanks.

Date: 19th Nov 2011

Important News of the Day


1. ASEAN Summit held at Bali.
2. National Integration Day- 19th Nov.
3. Chacha Nehru Sehat Yojna (CSNY) started in Delhi for children studying in Govt. School till 12th class.
4. US test hypersonic weapon (Glide Vehicle) over Pacific.
5. Suu Kyi, Myanmar's most prominent democracy campaigner to rejoin politics in Myanmar.
6. DIPP (Dept. of Industrial Policy Promotion) backs 51% FDI in multi brand retail.
7. Services accounts for 55% of GDP.
8. Common KYC for all financial products soon.
9. BP-RIL form JV (joint venture) company (India Gas Solutions Pvt. Ltd.) for Natural Gas.

Date: 18th Nov 2011

Important News of the Day


1. FCCB- Foreign Currency Convertible Bond.
2. FII investment cap in govt. sectors, bonds raised.
3. Lupin set to buy Japan's I'rom Pharma.
4. CMIE- Centre for Monitoring Indian Economy.
5. "Motorsport Facility of the year" global award for BIC(Buddh Intl Circuit).

Date: 17th Nov 2011

Important News of the Day


1. Russian PM Vladimir Putin gets China Peace prize for going in war Chechnya in 1999.
2. Cabinet nod for 26% FDI in pension sector.
3. IRDA to curb highest NAV scheme.
4. India to become biggest e-commerce market for Dominos.
5. Om prakash won free pistol gold in 56th National Shooting Championship.

Date: 16th Nov 2011

Important News of the Day


1. New-generation Agni with 3,500Km range tested.
2. Oz to revoke ban on Uranium sale to India.
3. HDFC became the most valuable lender overtaking SBI in market capitalization.
4. Lowell Paddock to take over as General Motors India president.
5. Sergio Ermotti has been appointed full-time CEO of UBS.
6. Spain's Caixa Bank plans to enter India.
7. Petra Kvitova of Czech Republic voted as the WTAPlayer of the Year and most Improved player.

Date: 15th Nov 2011

Important News of the Day


1. Russia's Soyuz TMA-22 spacecraft successfully launched  from Baikonur in Kazhakstan.
2. Pak & China  began two-week brigade level joint military exercises YOUYI-IV(friendship).
3. Coca Cola will invest $2bn in India to tap growth. Atul Singh is the CEO of Coca Cola India.
4. Spaniard Gonzalo Fernandez-Castano wins Singapore Open Golf Championship.

Date: 14th Nov 2011

Important News of the Day

1. World Diabetes Day- 14th Nov.

2. C.B Bhave new chairman of SEBI.

3. PMRDF- Prime Minister's Rural Development Fellows scheme.

4. Italian PM Silvio Berluconi quits, Mario Monti will be next Italian PM.

5. Oprah Winfrey receives Oscar for humanitarian work.

6. Govt. eyes three options for bank funding, Weighs among Direct Infusion, Stake Sale & Forming a Holding Company.

7. Lewis Hemilton won Abu Dhabi Grand Prix.

8. Greg Chalmers won Australian Open Golf.

9. Federer won Paris Masters.

10. Bopanna-Qureshi won ATP Masters Paris.

Date: 13th Nov 2011

Important News of the Day


1. Pak to buy two N-Plants from China.
2. India set to order 59 more Mi-17s Russian copters.
3. Greece new PM Lucas Papademos.
4. Australia Gold Coast named 2018 CWG host.

Date: 12th Nov 2011

Important News of the Day

1. Smallnsavings schemes to give higher returns now, PPF limit hiked to  1 Lakh with 8.6% interest.

2. NSC & MIS maturity period reduced to 5yrs.

3. Industrial growth slows to 2yr low of 1.9% in september.

4. SAARC meeting held at Mali, Maldives, SAARC nations vow to fight terror, reduce trade barriers. Mohd. Nasheed- President of Maldives.

5. Scottish premier league champs Rangers keen to signon Chhetri, Jeje of India.

6. CBEC- Central Board of Excise & Customs.

7. SEZ- Special Economic Zone. 

Date: 11th Nov 2011

Important News of the Day

1. National Education Day- 11th Nov.

2. Three power generation projects viz ANPARA 'C' (1200MW), HARDUAGANJ-I (250MW), OBRA (200MW) will be started in Uttar Pradesh tomorrow.

3. S&P (standard & poor's) upgrade the risk profile to group5 for indian banks.
It means high risk assessments on institutional framework, competitive dynamics & low risk regarding system wide function.

4. Govt. eyeing 100% FDI in single brand.

5. Italy next PM will be Mario Monti.

6. BICRA- Banking Industry Country Risk Assessment.
BICRA, a tool to evaluate & compare global system. BICRA analysis covers rated & Unrated financial institutions that take deposits. It covers both banks & NBFC that dont take deposits.

Date: 10th Nov 2011

Important News of the Day


1. IOC beats own record with 7,585cr loss.
2. Times Internet Ltd. (TIL) is No.1 for the top Indian Internet network in the country.
3. Arctic sea may become ice-free by 2015.
4. Moody’s lowers bank’s outlook, reduces to negative from stable, cites worries that bad loans will rise, profits will be hit.
5. MD Mallya- Chairman IBA, Bank of Baroda.
6. TCS wins $2.2bn deal from pension provider Friends Life.
7. Manisha Girotra quits UBS where she was the Chairperson & MD of Indian Operation.
8. Mary Ann Gomes won her first Premier National Women’s Title in Chess.
9. CBMs- Cash Managements Bills.

Date: 9th Nov 2011

Important News of the Day

1. BSE's F&O turnover reaches record high of Rs. 1K cr.
2. Trade deficit touches a record high of $19.6bn.
3. Joe Frazier, former heavyweight champion dies of cancer. He was 67.
4. Yields on state govt. paper at record 9.25%.
Yields are the rate of interest states pay to borrow from the market.
5. LEIPS- Liquidity Enhancement Incentive Programme.

Date: 8th Nov 2011

Important News of the Day

1. Kudankulam N-Plant is in Chennai.

2. Now, open  bank a/c with other states ID proofs.

3. Earth Quake jolts Pakistan, Kashmir & Punjab.

4. RBI eases rules for repayment of FDs, said signature of both depositors are not needed for FDs on maturity if such a/cs are opened with instructions "either or survivor".

5. Kerala based Federal Bank to accept deposits in Nine currencies.

6. RBI destroys notes worth  1.8L cr.

Some abbreviations

FCCB- Foreign Currency Convertible Bond.

IOSCO- International Organization of Securities Commissions.

STT- Securities Transaction Tax.