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Showing posts from March, 2012

Seoul Nuclear Security Summit 2012

Get all the Details of the Summit : http://www.thenuclearsecuritysummit.org/eng_media/press/press_view.jsp?oCmd=6&b_code=1&idx=304&rnum=1&f_gubun=0 Seoul Communiqué The Seoul Communiqué builds on the objectives and measures set out in the 2010 Washington Communiqué to identify 11 areas of priority and importance in nuclear security and presents specific actions in each area. The 11 areas are as follows: the global nuclear security architecture; the role of the IAEA; nuclear materials; radioactive sources; nuclear security and safety; transportation security; combating illicit trafficking; nuclear forensics; nuclear security culture; information security; and international cooperation. The Seoul Communiqué sets out the following specific actions in the above 11 areas: ü        Eliminating and disposing of highly enriched uranium (HEU) no longer in use ü        Minimizing the use of HEU -   ...

BRICS Summit 2012

For more info on BRICS   http://www.bricsindia.in/ NEW DELHI: BRICS countries on Thursday said dialogue is the only answer to end the crises in Syria and Iran. At a joint declaration, the leaders of the BRICS countries - Brazil, Russia , India, China and South Africa said: " We express our deep concern at the current situation in Syria and call for an immediate end to all violence and violations of human rights in that country. Global interests would best be served by dealing with the crisis through peaceful means that encourage broad national dialogues that reflect the legitimate aspirations of all sections of Syrian society and respect Syrian independence, territorial integrity and sovereignty." "Our objective is to facilitate a Syrian-led inclusive political process, and we welcome the joint efforts of the United Nations and the Arab League to this end. We encourage the Syrian government and all sections of Syrian society to demonstrate the political will to...

India : World heritage sites

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Union Budget 2012-2013

In a mix of sops and imposts, the General Budget on Friday proposed a marginal rise in income tax exemption limit of Rs. 20,000 but hiked service tax and standard excise duty by 2 per cent across the board to net an additional Rs. 41,440 crore a year. The Budget for 2012-13 presented by Finance Minister Pranab Mukherjee in the Lok Sabha, however, left corporate tax rate and peak customs duty unchanged while the import duty on gold bars and platinum and excise duty on cigarettes, bidis, pan masala and chewing tobacco were raised. Customs duty on completely built large cars, SUVs and MUVs, of value exceeding USD 40,000 (Rs 20 lakhs) was also raised. While the direct tax proposals in the Budget will result in a revenue loss of Rs. 4,500 crore, indirect tax proposals would result in a revenue gain of Rs. 45,940 crore. Thus the tax proposals lead to a net gain of Rs. 41,440 crore. The Budget makes a provision of Rs. 1,93,407 crore for defence services including Rs. 79,579 crore for cap...

Economic survey Highlights 2011 - 2012

Following are the highlights of Economic Survey 2011-12, as detailed in the website of the Press Information Bureau: 1. Rate of growth estimated to be 6.9%. Outlook for growth and stability is promising with real GDP growth expected to pick up to 7.6% in 2012-13 and 8.6% in 2013-14. 2. Agriculture and Services sectors continue to perform well. 2.5 % growth in Agro sector forecast. Services sector grows by 9.4 %, its share in GDP goes up to 59%. 3. Industrial growth pegged at 4-5 percent, expected to improve as economic recovery resumes. 4. Inflation on WPI was high but showed clear slow down by the year-end; this is likely to spur investment activities leading to positive impact on growth. 5. WPI food inflation dropped from 20.2% in February 2010 to 1.6% in January 2012; calibrated steps initiated to rein-in inflation on top priority. 6. India remains among the fastest growing economies of the world. Country’s sovereign credit rating rose by a substantial 2.98 percent in 2007-12....

Railway Budget Highlights 2012

Presenting the annual Rail Budget for the financial year 2012-13 in Parliament on Wednesday, Railway Minister Dinesh Trivedi made following key proposals: *Passenger fares to be hiked by 2 paise per km for suburban and ordinary second class travel; 3 paise per km for mail/ express second class; 5 paise per km for sleeper class; 10 paise per km for AC chair car/AC 3-tier and First Class; 15 paise per km for AC 2-tier and 30 paise per km for AC 1-tier. *Minimum fare and platform tickets to cost Rs 5. *75 new Express trains to be introduced, along with 21 new passenger services, nine DEMU services and 8 MEMU services trains. *Route of 39 trains to be extended and frequency of 23 trains to be increased. *Railways to hire more than one lakh employees in 2012-13; 80,000 persons hired last year. *Indian Railways Stations Development Corp to be set up to re-develop stations and maintain them like airports. *To set up an independent Railway Safety Authority as a statutory body. * The open disc...
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