Date: 31st May 2012

Important News of the Day

1. World No Tobacco Day- 31st May.
2. Bikram Singh to take over as the new chief of Army.
3. Sachin to take oath as RS member on June 4.
4. Two coal blocks Mahaan & Chhatrasal in dense forest of MP gets GoM nod.
5. Anand Mahindra to take over as new Chair5man of M&M, as Keshub retires.
6. FM offers new reprieve on retro tax, Says I-T Cases Finalized Before April 1, 2012 Will Not Be Reopened.
7. EU puts Spain on critical list, seeks bank guarantees.
8. Morgan Stanley gets banking licence in India.
9. Anand wins his fifth World Chess Championship, beating Boris Gelfand of Israel.
10. Chattisgarh bagged a grand double, emerging champions in both the girls and boys sections in the finals of the 63rd National Junior Basketball championship held here in Puducherry. Chattisgarh girls defeated Maharasthra 89-73, while the boys had to stave off a fighting Punjab 63-61.

Date: 30th May 2012

Important News of the Day

1. P K Chatterjee takes over as Navy dy chief.

2. PCSOA- Protection of Children from Sexual Offences Act.
3. Pakistan test-fires N-missile Hatf-IX.

4. Suu Kyi travels abroad for first time in 24 yrs, visited Thai, capital of Bangkok.

5. US-led Nato force in Afghanistan killed al-Qaida’s second highest leader, Sakhr al-Taifi.
6. Govt woos foreign retail investors
Paves Way For $1Bn Investment In Corporate Debt As Re Tests New Lows.
7. FATF- Financial Action Task Force.
8. Banks told to recast 35k cr textile debt, Govt Move To Benefit 2,000 Cotton Mills.
9. Upcoming G20 summit to be held in Mexico.

Date: 29th May 2012

Important News of the Day

1. HC strikes down 4.5% sub-quota for minorities, ‘Religion No Ground For Reservation’.
2. Two Akash missiles tested off Odisha.
3. Term deposit foreclosure may attract penalty, says RBI.
4. S R Rao has been appointed as the new commerce secretary.
5. S K Srivastava take over as coal secretary.
6. Ashish Bahuguna has been appointed as agriculture secretary.
7. Services won the 66th National Football Championship for Santosh Trophy beating Tamil Nadu.

Date: 28th May 2012

Important News of the Day

1. India pokes China as PM lands in Myanmar, Says Looking East For Peace, Not Expansion. Trade, border areas on Singh’s agenda.
2. Sukna scam: Army chief gives nod to dismiss Lt Gen Avadesh Prakash.
3. Nepal will go in for general elections on Nov.
4. Iran to build new nuclear plant by early 2014.
5. Sahara inks deal to build Notun Dhaka in B’desh.
6. Direct taxes should be 12% of GDP, says Pranab.
7. RIL proposes new plan to develop D-6 block.
8. K R Kamath tipped to become RBI dy guv if if K C Chakarabarty, one of the DGs at RBI, moves to Manila as an executive director at the Asian Development Bank.
9. Jindal to drop $2.1bn Bolivia plan over no commitment from Bovilian govt over supply of natural gas to extract one of the world's largest iron ore mine.
10. KKR bt CSK, won IPL 5.

• Man of the Match (final): Manvinder Bisla
• Golden Player of the tournament: Sunil Narine
• Rising Star of the tournament: Mandeep Singh
• Purple Cap (highest wicket-taker): Morne Morkel (Delhi Daredevils; 25 wickets)
• Orange Cap (highest run-getter): Chris Gayle (Royal Challengers Bangalore; 733 runs)
• Fair-play Award: Rajasthan Royals

11. Australian Mark Webber won the Monaco Grand Prix F1.
12. Lin Dan of china beat Lee Hyun-II of S Korea, won Thomas cup.

Date: 27th May 2012

Important News of the Day

1. Govt OKs plan to send Bhopal toxic waste to Germany for disposal.

2. Energy focus as PM heads for Myanmar.

3. Joshna Chinappa beat Sarah Jane Perry of England, win the Chennai Open Squash trophy.

4.  Barcelona beat Atheletic Bilbao, won Copa Del Ray cup.

5. Indian men win silver, women bronze in Asian Nations chess.

Date: 26th May 2012

Important News of the Day

1. Pak puts off visa agreement, it will be held in mid june after Siachen talks.

2. Muslim quota may be included under RTE Act by states.

3. Thomas cup- Badminton.

4. Santosh Trophy- Football.

5. Chris Gayle to get orange cap & Morne Morkel to get purple cap.

Date: 25th May 2012

Important News of the Day

1.World Thyroid Day- 25th May.

2. Centre sets up new panel to identify poor.

3. India calms UN over human rights record, large picture reassuring, says Vahanavati.

4. Surface-to-air Akash missile test-fired successfully from Chandipur, Odisha.

5. Oxford to honour doctorate in Civil Law to Suu Kyi in June2012.

6. Bharti buys 49% in Qualcomm unit, Pays Rs 924 Cr for 4G business, gets ready for broadband battle with RIL.

7. RBI rules out sovereign bond for now, Re at 55.66.

Date: 24th May 2012

Important News of the Day

1. Govt raises interest rate on GPF (General Provident Fund) to 8.8%.
2. Petrol price hiked by Rs 7.50 a litre.
3. UPA says Tejas inducted.
4. Allahabad blast claims 5 kids’ lives.
5. Egyptians vote in first free prez election.
6. Oz tycoon Gina Rinehart worth $28bn is world’s richest woman.
7. Re dives to 56.01 on fears of Greek exit from euro.
8. Cabinet set to okay national portability, end of roaming.
9. Turkmenistan signs gas sale pact with India.

Date: 23rd May 2012

Important News of the Day

1. Reebok alleges 8,700cr fraud by sacked MD, COO.
2. Parliament has approved amendments to the Copyright Act, making artistes owners of their work.
3. First pvt cargo rocket blasts off into space
Capsule To Dock With Intl Space Station from Florida, USA.
4. Vodafone delays IPO plan on Trai proposals.
5. The sensex dropped by 157 points after investors became jittery with the rupee slumping to a new record low of 55.47 before ending at 55.39.
6. Fitch cuts Japan’s debt rating to A+.
7. OECD- Organization of Economic Cooperation and Development.

Date: 22nd May 2012

Important News of the Day

1. Pvt firms got undue benefits of 1.8L cr in Coalgate: CAG.
2. Greece must buy into austerity or exit euro: Britain.
3. Fairbridge Cap bags Thomas Cook India, British parent to offload 77% stake in local unit for little over 800 crore.
4. Re breaches 55 barrier against $, Indian currency hits a new low as importers queue up for greenback.
5. McDowell’s joins Amul in $2bn sales club.
6. Alibaba buys back stake held by Yahoo for $7.1bn.
7. Rafael Nadal won his sixth Rome Masters title in a rain-postponed final against Novak Djokovic, regain his no. 2 world ranking from Roger Federer.

Date: 21st May 2012

Important News of the Day

1. Anti-Terrorism Day- 21st May.
2. Earthquakes hits Italy, Japan shaken.
3. Govt bid to boost regional air links, may make it mandatory for airlines to operate feeder flights from B-Towns.
4. Maria Sharapova bt Li-Na, won Rome Masters.
5. Yuki Bhambri of India bt Aamir Weintraub of Israel, won ATP Challengers title in Fergano, Uzbekistan.

Date: 20th May 2012

Important News of the Day

1. Tamae Watanabe, a 73-yr-old Japnese woman becomes the oldest woman to conquer the 8,848m Mount Everest.
2. US passes $643bn defence bill for 2013, $100m for missile shield.
3. Chelsea bt Barren Munich, won Champions League Trophy.

Date: 19th May 2012

Important News of the Day

1. Export surplus wheat, says C Rangarajan, also advices PMO to distribute 8 million tonnes to poor, subsidy bill to touch Rs 17,000 cr.
2. Smaller overseas delegation added to austerity move, 10% cut in budgetary allocation.
3. after Greece, Spain joins G8 agenda on euro crisis.
4. Indian-origin councillor Abdul Razak Osman has become the first Lord Mayor of UK town.
5. Per capita debt increases by 23%, estimated at Rs 33,000/- in 2012.
6. Retail inflation in April rose to 10.36%.

Date: 18th May 2012

Important News of the Day

1. Amid oil cuts, Ahmadinejad speed dials PM, Iran minister may come with NAM invite to PM.
2. Rs 8500 cr package for roads in Naxal district.
3. Gold demand plunges 29% in Q1. High prices, three-week jewellers’ strike lead to steep fall in sales.
4. Birla makes $2bn pitch in retail war,sets up clash with tatas, reliance.
5. Airtel cuts 3G tariff, others may follow.
6. LAYING $7.6-BILLION PIPELINE, Cheaper price index for Turkman gas. Cabinet approves buying agreement, will cost lower than LNG.
7. Indirect tax collection rises 10.4% in April.

Date: 17th May 2012

Important News of the Day

1. Bailout for West Bengal, along with Punjab & Kerala are in pipeline: FM.
2. Greece fears bank runs as $1bn withdrawn in 24 hours, prospect of Eurozone exit sparks panic.
3. Jean-Marc Ayrault took over as the New Prime Minister of France.
4. Greek tragedy continues, Re falls to all-time low of 54.5.
5. Piramal to buy US data co (Decision Resources Group) for 3.4k cr.
6. Facebook ups IPO size by 25%, may fetch $16bn.
7. Malaysia defeated Pakistan to clinch Junior Hockey World Cup 2012 Title.

Date: 16th May 2012

Important News of the Day

1. A Raja released on bail but could face fresh graft charges.
2. PM to meet Suu Kyi during Myanmar visit.
3. US watching, India cuts Iran oil imports by 11%, will import approx 15.5m tonne in 2012-13.
4. OVL (ONGC Videsh Ltd) pulls out of block in South China Sea.
5. Facebook ups IPO price to $34-38.
6. Auto industry against inclusion in India-EU free trade agreement (FTA).
7. Saurabh Chandra apponted as an interim commerce secy.

Date: 15th May 2012

Important News of the Day

1. 13 Indians die in Nepal air crash near Jomsom airport, 3 Indians rescued.
2. Tibetan splinter group ‘threat’ to Dalai Lama.
3. India may face caste heat at UNHRC meet.
4. Greece fails to end deadlock, on the brink of eurozone exit.
5. Japan town set to restart N-reactors to meet shortage.
6. Re ends at record low of 53.96 vs $, RBI intervention fails to halt slide, Inflation weighs on pro-growth policy.
7. April inflation surge to 7.23%.
8. Moody’s downgrades LIC, ICICI, Axis and HDFC Bank.
9. Cheque clearing fees set to fall: RBI.
10. AI to raise 5000cr via asset sale.
11. Renjith Maheswary won India’s lone individual gold winning the men’s triple jump IN Asian GP.
12. Roger Federer has climbed back to second place in the ATP world tennis rankings following his win in the Madrid Masters tournament.

Date: 14th May 2012

Important News of the Day

1. TRAI new chief- Rahul Khullar.
2. Yahoo CEO Scott Thompson to step down on resume gaffe, Ross Levinson will be next CEO of Yahoo.
3. Govt may auction offshore wind farms.
4. China cuts reserve requirements for banks to 20% to boost growth as demand slows.
5. Pastor Maldonado of Venezuela won Spanish GP.
6. Serena Williams bt Victoria Azarenka, won Madrid Open Women title.
7. Manchester City won EPL trophy.
8. Parimarjan Negi won Asian Continental Chess Championship.

Date: 13th May 2012

Important News of the Day

1. Indian Parliament completed its 60 yrs today.
2. Pressure from US to cut oil imports from Iran, India eyes Canada, Nigeria & South America.
3. Maldives prez Mohd. Waheed is on a visit to Ind to improve bilateral trade & to learn democracy from Indian govt, also assures Indian PM of early election in Maldives.

Date: 12th May 2012

Important News of the Day

1. International Nurses Day- 12th May.
2. India has cleared the procurement of 145 M-777 ultra-light howitzers from US worth $647m.
3. Nitin Gadkari to be re-appointed as BJP chief.
4. JPMorgan loses $2bn on risk unit’s error.
5. Industry output drops to -3.5% in March 2012.
6. Panasonic buys 700cr FirePro.

Date: 11th May 2012

Important News of the Day

1. National Technology Day- 11th May.
2. cabinet clears purchase of 75 trainer jets PC-7 Mk-II for Rs 3K cr from Switzerland.
3. New weight scale Waist-to0Height Ratio (WHtR) to replace BMI (body mass index).
4. Pak test fires Haft-3 successfully.
5. Now, Hutchison on tax dept radar, Hong Kong group to get notice for not paying tax on Vodafone deal.
6. RBI move to control Rupee slide, from now on, 50% of the balances in the Exchange Earner’s Foreign Currency (EEFC) accounts should be converted into rupee balances.
7. Apr exports up only 3.2% to $24.5 billion on West woes, imports grew 3.8% to $37.9 billion in April, resulting in a trade deficit of $13.4 billion.
8. Chennai to host Asian athletics next year.
9. Atletico won the Europa League trophy after defeating Athletic Bilbao by 3-0.

Date: 10th May 2012

Important News of the Day

1. Drugs scam: Docs signed letters written by firms.
2. CDSCO- Central Drugs Standard Control Organization.
3. Close shave for Jharkhand CM as helicopter crashes.
4. The ministry of environment and forests has cleared raising the water level at Maheshwar dam in Madhya Pradesh to 154 meters for power generation.
5. Rupee closes at record low of 53.83, currency slides on Eurozone fears, FII outflows despite RBI intervention.
6. RIL raises $2bn from 9 global banks.
7. Highest ever FDI at $8.1bn in March after RIL-BP deal.
8. Voda may get 20k cr tax demand.

Date: 9th May 2012

Important News of the Day

1. Abolish Haj subsidy in 10yrs, says SC.
2. After Bengal, UP clamours Rs. 93K cr bailout.
3. Gilani may be disqualified as MP for 5yrs, says Pak's SC.
4. Pranab seeks support for oil subsidy cut, reforms.
5. Coming soon: PF no. portability.
6. RIL gas output to fall further, says Reddy.
7. TRAI suggestion to cost telcos Rs. 1.5L cr.

Date: 8th May 2012

Important News of the Day

1. Pranab puts GAAR on backburner for 1 year.
2. DGCA suspended the licence of controversial businessman Ravi Rishi’s Global Vectra Helicorp Ltd.
3. Vladimir Putin sworn in as Prez of Russia.
4. New prez of France- Francois Hollande.

• Polish President- Bronislaw Komorowski.
• Italian PM- Mario Monti.
• Spain’s PM- Mariano Rajoy.
• British PM- David Cameron.
• Chinese President- Hu Jintao.
• Japanese PM- Yoshihiko Noda.

5. Govt readies 13k cr notice for Voda.
6. FM scraps ‘draconian’ clause in customs law.
7. Excise on gold jewellery, TDS on realty rolled back.

Date: 7th May 2012

Important News of the Day

1. Centre to mull putting NCTC out of IB purview.
2. Passport info comes under RTI, says CIC.
3. Govt set to clear 2,900cr deal for trainer jets.
4. Teesta water-sharing pact may be on agenda at Hillary-Mamata meeting.
5. Francois Hollande was elected France’s first Socialist president.
6. Zuckerberg to take nearly $1bn tax hit.

Date: 6th May 2012

Important News of the Day

1. ADB (Asian Development Bank) to provide $6.25-b aid to India.
2. India's missile defence shield ready.
3. Pranab elected Chairman of ADB Board of Governors.
4. India, Bangladesh to hold first joint consultative commission.
5. Japan shuts last reactor, goes N-free after 40 yrs.
6. Philip Abraham, an Indian journalist from Kerala, has been elected as a Councillor in the UK, becoming the first person of Asian origin to be elected to the Loughton town council.
7. Deepika Kumari won her first World Cup individual recurve gold medal (Archery) in Antalya, Turkey beating Korea’s Lee Sung Jin.

Date: 5th May 2012

Important News of the Day

1. Population growth rate dips to 17%, India sees 4% decrease from 21% in 10 yrs.
2. Aman ki Asha Indo-Pak Economic Conference II to be held in Lahore, Pak on May 7-8, 2012.
3. RBI takes measures to arrest rupee slide, raise deposit rates of FCNR (B).
4. FCNR (B)- Foreign Currency Non-Resident (Banks).
5. Facebook IPO price set at $28-35, values itself at $96bn.

Date: 4th May 2012

Important News of the Day

1. Maoists released Sukma district collector Alex Paul Menon after 12 days.
2. Edvard Munch’s iconic painting ‘The Scream’, considered one of the most recognizable in the art world, was sold for nearly $120 million.
3. Foodgrain may inflate subsidy bill, releasing foodgrain to make way for fresh stocks will cost Rs. 25,000 cr.
4. COAI- Cellular Operators Association of India.
5. Rs. 7,000cr notice on RIL for fall in gas output.
6. Mobile tariffs may double: Telcos.

Date: 3rd May 2012

Important News of the Day

1. Indian American security expert Vikram J Singh has been appointed to the key post of deputy assistant secretary of defence for South and Southeast Asia at the Pentagon.
2. Re breaches 53 mark, may slide to 55, RBI intervenes but high trade deficit, FII outflows weigh on rupee.
3. Basel III notified, banks may need 1.5L cr more.
4. Fiat, Tatas end distribution pact.
5. Govt frees sugar exports.
6. S&P raises credit rating of Greece to CCC.
7. Anand No. 4 in chess ratings; Magnus Carlsen of Norway on top.

Date: 2nd May 2012

Important News of the Day

1. Anthrax, a bacterial disease that attacks animals, hits Delhi zoo, Humans can also be infected.
2. Afghan exports to come via Wagah border.
3. Assam Ferry was overpowered by storm in Brahmaputra river in Dhubri district, more than 103 people killed.
4. Qaida hid plan for 26/11-type Europe strike in porn flick.
5. India's export fell to -5.7%, Industrial growth fell to 4.1% and Infra Index growth fell to 2% on March 2012.
6. DLF to launch its first multi-brand store called Aveneu.
7. Judo and Triathlon will replace Archery and Tennis in next 2014 CWG which will be held in Glasgow.

Date: 1st May 2012

Important News of the Day

1. International Labour Day- 1st May.
2. Swiss ease rules on bank info.
3. Govt allows fresh cotton exports.
4. India can make world’s cheapest N-reactors.
5. Al-Qaida in Pakistan has a new chief, Farman Shinwari.
6. Logjam ends, Suu Kyi to take oath tomorrow.
7. Aditya Birla Nuvo to buy Biyani’s apparel (Pantaloon) biz for Rs 800cr.

8. Adidas India hit by 1,350cr fraud.
9. Norwegian telecom major Telenor writes off 3.5k cr India assets.
10. Core sector growth slips to 2% on oil production.
11. S K Srivastava to take over as OIL CMD today.
12. Rafael Nadal beat David Ferer, won Barcelona Open.