March, 2013

Musharraf returns in Pakistan after four years

Former military ruler Gen. (Retd.) Pervez Musharraf returns to Pakistan after four years of self-imposed exile in Dubai and London.

Maylana Syed President of AIMPLB

Maulana Syed Raabe Hasani Nadvi is elected unopposed as the President of the All-India Muslim Personal Law Board (AIMPLB) for the fifth consecutive term.

Part on nuclear reactor – China

Reports reveal that China has entered into a pact for constructing a third nuclear reactor at Chashma, Pakistan. The international community, including the US, says that China’s move violates its promises under a global anti-nuclear weapons accord.

Current account defecit (CAD)

In a bid to bridge the widening current account deficit (CAD), which can be financed only through larger foreign inflows, Union Finance Minister Mr. P. Chidambaram announces the rationalisation of FII (Foreign Institutional Investors) investment norms in both corporate and government bonds. Rationalisation will essentially mean doing away with the sub-limits in each of the segments open to FII investment and bunching them into two broad categories to attract more foreign inflows.

Successfully used gene disruption technique to change the eye colour of a mosquito

Researchers at the Virginia Polytechnic Institute and State University, USA, announce that they have successfully used gene disruption technique to change the eye colour of a mosquito – a critical step toward new genetic strategies aimed at disrupting the transmission of diseases like dengue fever.

West Indies sweep the test series against Zimbabwe

Hosts West Indies beat Zimbabwe by an innings and 65 runs in the second and final Test of the series in Reseau, sweeping the series 2-0.

Russia and China agree to expand cooperation

Russia and China agree to expand cooperation in the energy sector and boost bilateral trade to $150 billion in coming years. The announcement about the agreement is made by Russian President Mr. Vladimir Putin and his Chinese counterpart Mr. Xi Jinping, during the latter’s Russia visit.

Emerging economic powerhouses

A study published by the Oxford University reveals that India may be one of the emerging economic powerhouses, but when it comes to poverty reduction the country lags significantly behind even its poor neighbours.

Govt. appointed panel, headed by Justice B.N. Srikrishna

A government appointed panel, headed by Justice B.N. Srikrishna, recommends the setting up of a super regulator body, merging oversight functions of market commodity, insurance and pension regulators, while leaving the banking business regulation under the Reserve Bank of India (RBI).

European Central Bank warns Cyprus Bank

The European Central Bank warns that it is ready to pull the plug on emergency funding for Cyprus banks as its bnaking sector risks being thrown out of Eurozone.