Friday, April 27, 2012

Date: 27th Apr 2012

Important News of the Day

1. EPFO rates to be hiked to 8.6% this fiscal.
2. India successfully launched the Risat I (radar imaging satellite) from Sriharikota to survey borders 24*7.
3. Regressive Bill raising legal age for sex to 18yrs cleared.
4. INS Teg armed with BrahMos Cruise Missiles, to be inducted today, the other two stealth frigates, INS Tarkash and INS Trikand, ordered from Russia under a $1.15-billion contract, will follow in Sept 2012 and July 2013.
5. Cabinet okays weak banking bill cap on voting right for foreign investors in pvt banks raised to 26% from 10%.
6. Telcos to gain from Trai’s 2G recommendations, lowering of revenue sharing will ensure substantial savings despite higher reserve price.

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