Sunday 29 September 2013

Current Affairs : September 28

1. As per share market regulator SEBI, investments into Indian shares through participatory notes (P-Notes), hit a three-month high of Rs 1.65 lakh crore (about $26 billion) in August 2013.
Participatory Notes or P-notes are derivative instruments, used by Foreign Institutional Investors (FIIs) who are NOT registered with SEBI.

2. Five years after India and the US signed a landmark civil nuclear deal, the two countries have clinched the first commercial agreement on civilian nuclear power cooperation that was stalled over India's nuclear liability law.

3. The UN Security Council voted unanimously to secure and destroy Syria's chemical weapons stockpile, a landmark decision aimed at taking poison gas off the battlefield in the escalating 2 1/2-year conflict.

4. Prime Minister Dr. Manmohan Singh will address the 68th session of UN General Assembly tonight focusing on terrorism, expansion of U N Security Council, disarmament and development.

5. The Reserve Bank of India has set up a committee headed by Nachiket Mor on comprehensive financial services for small businesses and low-income households.

6. Global rating agency Fitch has scaled down its projections on India’s growth to 4.8% for the current fiscal from the earlier estimate of 5.7% made in June, 2013.

7. Area under kharif crops has increased by five per cent to over 1,047 lakh hectare so far this season as compared to nearly 994 lakh hectare last year on account of good monsoon.

8. India and China are to hold talks on a new border agreement in Beijing tomorrow. The talks will be held by a key Sino-Indian group on border matters called " Working Mechanism for Consultation and Coordination on China - India Border Affairs".

9. India and China have called for early conclusion of IMF quota reforms. They gave the call in the joint statement issued at the end of sixth Financial Dialogue between the two countries in Beijing.

10. In a bid to speedily recover Non-Performing Assets (NPA), the IDBI Bank has launched a campaign named ‘Own Your NPA’.

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