• National Housing Bank cut Interest Rate by up to 1 percent for Urban Low Income Group
• High Court of AP approved Conditional bail to Koneru Prasad:Emmar Properties Case
• Hero MotoCorp invested 20 million dollar in US based Erik Buell for R&D
• Famous Cricketer Sachin Tendulkar was signed as the Brand Ambassador of BMW
• Sally Ride, the first US woman to travel into space died
• Eminent Freedom Fighter and social activist Captain Lakshmi Sehgal passed away
• The Government of Japan on 23 July 2012 decided to honour Indian Environmental philosopher Vandana Shiva with Fukuoka Prize 2012.
• Raghuram Rajan appointed the New Chief Economic Advisor in the Finance Ministry
• Syed Nasim Ahmed Zaidi appointed New Election Commissioner
• Anil Kumar was appointed as the new Director General for Employee’s State Insurance Corporation (ESIC)
• Appointment Committee of the Cabinet(ACC) appointed Omita Paul as the Secretary of the President
• Manipal University won the Golden Peacock Environment Management Award 2012
• Indian Sand Artist Sudarshan Pattnaik won People’s Choice Gold Medal Award in Moscow on 18 July 2012. It was the Second World Sand Sculpture Championship. The theme of World Sand Sculpture Championship 2012 was World Cinema.
• High Court of AP approved Conditional bail to Koneru Prasad:Emmar Properties Case
• Hero MotoCorp invested 20 million dollar in US based Erik Buell for R&D
• Famous Cricketer Sachin Tendulkar was signed as the Brand Ambassador of BMW
• Sally Ride, the first US woman to travel into space died
• Eminent Freedom Fighter and social activist Captain Lakshmi Sehgal passed away
• The Government of Japan on 23 July 2012 decided to honour Indian Environmental philosopher Vandana Shiva with Fukuoka Prize 2012.
• Raghuram Rajan appointed the New Chief Economic Advisor in the Finance Ministry
• Syed Nasim Ahmed Zaidi appointed New Election Commissioner
• Anil Kumar was appointed as the new Director General for Employee’s State Insurance Corporation (ESIC)
• Appointment Committee of the Cabinet(ACC) appointed Omita Paul as the Secretary of the President
• Manipal University won the Golden Peacock Environment Management Award 2012
• Indian Sand Artist Sudarshan Pattnaik won People’s Choice Gold Medal Award in Moscow on 18 July 2012. It was the Second World Sand Sculpture Championship. The theme of World Sand Sculpture Championship 2012 was World Cinema.
SBI reduced the interest rate on the deposits of more than 5 years
India’s leading bank State Bank of India (SBI) on 2 August 2012 reduced the interest rate on the deposits of five year and above to 8.5 percent. The new interest rate effected from 7 August 2012.
India’s leading bank State Bank of India (SBI) on 2 August 2012 reduced the interest rate on the deposits of five year and above to 8.5 percent. The new interest rate effected from 7 August 2012.
Kuchipudi Dance Guru Vempati Chinna Satyam passed away
Kuchipudi Dance Guru Vempati Chinna Satyam passed away on 29 July 2012. He was 83 years old. He was honoured with Padma Bhushan by the Government of India in the year 1998.
He was honoured with Kalidas Puraskar and Kalaimamani by the Government of Madhya Pradesh and Government of Tamil Nadu respectively. He was also honoured with a Doctorate degree by Andhra University.
Kuchipudi Dance Guru Vempati Chinna Satyam passed away on 29 July 2012. He was 83 years old. He was honoured with Padma Bhushan by the Government of India in the year 1998.
He was honoured with Kalidas Puraskar and Kalaimamani by the Government of Madhya Pradesh and Government of Tamil Nadu respectively. He was also honoured with a Doctorate degree by Andhra University.
President of Ghana, John Atta Mills Passed away
President of Ghana, John Atta Mills Passed away on 24 July 2012. He won international praise for a stable model democracy in Africa. He was 68 years old.
John Dramani Mahama succeeded John Atta Mills. John Dramani Mahama sworn in as the President of Ghana.
President of Ghana, John Atta Mills Passed away on 24 July 2012. He won international praise for a stable model democracy in Africa. He was 68 years old.
John Dramani Mahama succeeded John Atta Mills. John Dramani Mahama sworn in as the President of Ghana.
Hamilton wins Hungarian GP
Lewis Hamilton won the Hungarian Grand Prix. Hamilton completed race in 1 hour, 41 minutes, 5.503 seconds — more than a second ahead of Lotus driver Kimi Raikkonen. Romain Grosjean was third. Red Bull’s Sebastian Vettel was fourth ahead of Ferrari’s Fernando Alonso and McLaren’s Jenson Button.
Lewis Hamilton won the Hungarian Grand Prix. Hamilton completed race in 1 hour, 41 minutes, 5.503 seconds — more than a second ahead of Lotus driver Kimi Raikkonen. Romain Grosjean was third. Red Bull’s Sebastian Vettel was fourth ahead of Ferrari’s Fernando Alonso and McLaren’s Jenson Button.
Hungarian GP results
1. Lewis Hamilton
2. Kimi Raikkonen
3. Romain Grosjean
4. Sebastian Vettel
5. Fernando Alonso
6. Jenson Button
1. Lewis Hamilton
2. Kimi Raikkonen
3. Romain Grosjean
4. Sebastian Vettel
5. Fernando Alonso
6. Jenson Button
RBI keeps policy rates unchanged, SLR cut to 23%
The Reserve Bank of India (RBI) in its April-June quarter monetary policy left the key policy rate unchanged. As a liquidity inducing-measure, RBI reduced the Statutory Liquidity Ratio (SLR) — the amount of deposits banks park in government bonds — by 1 percent to 23 percent, effective August 11.The repo rate or the rate at which banks borrow from RBI remained at 8% while the reverse repo rate at which, the banks lend to RBI stood at 7%.
SLR is the percentage of total deposits that lenders need to invest in the government bonds. The reduction is aimed at ensuring free flow of credit growth through enough liquidity in the system.Cash Reserve Ratio or CRR is the portion of total deposits that banks are required to keep with the central bank also remained unchanged — at 4.75 percent.
The Reserve Bank of India (RBI) in its April-June quarter monetary policy left the key policy rate unchanged. As a liquidity inducing-measure, RBI reduced the Statutory Liquidity Ratio (SLR) — the amount of deposits banks park in government bonds — by 1 percent to 23 percent, effective August 11.The repo rate or the rate at which banks borrow from RBI remained at 8% while the reverse repo rate at which, the banks lend to RBI stood at 7%.
SLR is the percentage of total deposits that lenders need to invest in the government bonds. The reduction is aimed at ensuring free flow of credit growth through enough liquidity in the system.Cash Reserve Ratio or CRR is the portion of total deposits that banks are required to keep with the central bank also remained unchanged — at 4.75 percent.
Vijay Kumar wins silver in olympic 2012
Army sharp shooter Vijay Kumar today fought clinched the silver medal in the men’s 25m Rapid Fire Pistol event at the Olympic Games . Kumar beat back the challenge of world champion Alexei Klimov of Russia, Chinese duo of Ding Feng and Zhang Jian and German Christian Reitz in the 40-shot final to finish runner-up in a thrilling finale behind Cuba’s Leuris Pupo who shot his way to the gold with a world record equalling score of 34.
Army sharp shooter Vijay Kumar today fought clinched the silver medal in the men’s 25m Rapid Fire Pistol event at the Olympic Games . Kumar beat back the challenge of world champion Alexei Klimov of Russia, Chinese duo of Ding Feng and Zhang Jian and German Christian Reitz in the 40-shot final to finish runner-up in a thrilling finale behind Cuba’s Leuris Pupo who shot his way to the gold with a world record equalling score of 34.
Saina Nehwal wins bronze medal
Saina Nehwal created history by becoming the first Indian to win an Olympic Games bronze medal in badminton, though under fortuitous circumstances, as her world number two Chinese opponent retired from the play-off because of a knee injury. The 22-year-old Saina was trailing 18-21, 0-1 in the high-voltage bronze medal play-off match when her second seeded opponent Xin Wang retired hurt, giving India an unexpected medal.
Saina also became the second Indian woman to win an Olympic medal, after Karnam Malleswari’s weightlifting bronze in 2000 Sydney Olympics.
Saina Nehwal created history by becoming the first Indian to win an Olympic Games bronze medal in badminton, though under fortuitous circumstances, as her world number two Chinese opponent retired from the play-off because of a knee injury. The 22-year-old Saina was trailing 18-21, 0-1 in the high-voltage bronze medal play-off match when her second seeded opponent Xin Wang retired hurt, giving India an unexpected medal.
Saina also became the second Indian woman to win an Olympic medal, after Karnam Malleswari’s weightlifting bronze in 2000 Sydney Olympics.
Gagan Narang wins bronze in 10m Air Rifle
India has won its first medal at the 2012 London Olympics. Gagan Narang won a bronze for the country in the 10m Air Rifle event with an overall score of 701.1.
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