29 June 2012 Current Affairs
Entrepreneur Of The Year Award 2012
K.Ravi, Managing director,NCL industries , has won the Hyderabad Management Associations"Entrepreneur of the year award 2012". Civil supplier minister D.sridhar babu presented the award to him at a function organised by the HMA here.A Hyderabad based company,NCL induction in engaged in the manufacture of cement, ready concrete, cement particle board etc.
German Research House For Research And Innovation To Be Launched in New Delhi
The German research foundation (DFG) newdelhi will, on October 26 and 27, launch the German research house for research and innovation(DWIH) that will serve as a one stop for the Indian science community to know about research and science organizations in Germany and funding opportunities available to carry out research there.with their, India will become the 5th country to have the science house,U.S, Russia, Japan and BRazil already have such facilities.THe first German house was started in2009 in the U.S.
India's Fiscal Deficit For April -May Period Stood At 1.41 Lakh Core Rupees
As Per the latest data released ny the controller General of Accounts (CGA), india's fiscal deficit during the April- May, the first of the fiscal year 2012-13 stood at 1.41 lakh croer rupees,27%of the budget estimates.
IRDA Fined 1.47 Crore Rupees On HDFC Life Insurance
The Insurance Regulatory and Development Authority(IRDA) on 28 June 2012 fined 1.47crore rupees on HDFC Life insurance against disobedience of number of regulatory provisions.It was the highest five on any insurer.IRDA tested HDFC Life Insurance from 26 July 2010 to 30 July 2010. Before HDFC Life, IRDA had dined on ICICI prudential Life Insurance of Rs.1.18 crore for violations that include paying agents and broker's commissions exceeding the permissible limits on May 2012.ICICI prudential penalty is the second highest impared penalty by the regulator after HDFC Life.
US Federal Court Absolved Carbide Corporation In Bhopal Gas Tragedy Case
In What came as a major disappointment for the Bhopal gas tragedy victims, a US federal court on 27 June 2012 absolved Union Carbide corporation and its former chairman Warren Anderson of the Bhopal gas tragedy case.I his ruling US district court Judge John F.Keenam concluded that UCC is neither directly nor as an agent of union carbide India Limited (UCIL) liable for mishap.