47. Current account deficit (CAD) widened to a record high of 6.7 per cent of the GDP (gross domestic product) in the October-December quarter this fiscal.
48. Government-appointed Financial Sector Legislative Reforms Commission (FSLRC) headed by Justice B. N. Srikrishna has proposed an Indian Financial Code Bill to enable creation of a unified financial regulator while limiting the role of the Reserve Bank of India (RBI) to monetary management. Unified financial agency will comprise four existing agencies which will be merged into one. These are SEBI, FMC, IRDA and PFRDA.
49. Telecom Regulatory Authority of India (TRAI) has made it clear that Central and State government ministries, departments, companies and undertakings should not be allowed to enter business of broadcasting or distribution of television channels.
50. North Korea has said it has placed its missiles on “standby” and has warned it can strike American bases in South Korea and in the Pacific.
51. Kenya’s Supreme Court upheld the election of Uhuru Kenyatta as the country’s next President.
52. Launching his Jantantra Yatra from Punjab, social activist Anna Hazare described it as the beginning of the second freedom struggle to rid the nation of corrupt politicians.
53. Supreme Court held that the modification of a well known cancer-fighting drug is not a patentable new invention. The judgment allows suppliers to continue making generic copies of Swiss firm Novartis’ Glivec or Gleevec.
54. The probe into the killing of two Indian fishermen by Italian marines off Kerala last year was handed over to the National Investigation Agency.
55. Vijaya Bank is the first bank which announced that its Risk Management Department has received ISO 27001 certification from the British Standards Institute.
56. NMDC Ltd. and IndusInd Bank were included in the CNX Nifty index of the National Stock Exchange (NSE), replacing Wipro and Siemens.
57. Core industries shrank 2.5 per cent in February, a worst-ever performance in decades. The core
industries — coal, crude oil, natural gas, petroleum refinery products, fertilisers, steel, cement and electricity.
58. Mukesh Ambani and Anil Ambani started a business collaboration that would allow Reliance Jio Infocomm, controlled by Mukesh, to use the nationwide optic fibre network of Anil’s Reliance Communications Ltd. for a one-time fee of Rs. 1,200 crore.
59. India inked a $252-million loan agreement with the Asian Development Bank (ADB) for continued improvement of rural roads in Assam, Chhattisgarh, Madhya Pradesh, Odisha and West Bengal. The loan represents the first tranche of a $800 million financing facility under the ‘rural connectivity investment programme’.
60. Railway Minister Pawan Kumar Bansal launched Wi-Fi service in Delhi-Howrah Rajdhani Express at the New Delhi railway station.
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