Wednesday, December 28, 2011

28-12-11

Economy:
- Cheque Truncation System (2010) - CTS 2010 standard:
Cheque is standardized - for easy transaction between diff banks, to avoid frauds - RBI - 1st April, 2012
- SBI new rules - (Self - Regulatory Authority ) - to investment advisors - to be formed under SEBI Regulations, 2004
mis-selling,
- TATA Power to buy out BP in solar JV

- BRAI

- National Policy on Bio-fuels
* aims to blend bio-fuel with petrol (bio-fuel - ethanol, bio-diesel)to 20% by 2017
* petro-chemical companies and oil companies
* no pricing policy - decided by Oil & petroleum ministry
* 30% increase in 2011 in diesel
* CCI to probe the Govt-OMC role under Monopolies and Restrictive Trade Practices Act, 1969 repealed

- The airport, planned at an altitude of 4,436 meters in Nagqu prefecture, will be 102 meters higher than Bamda Airport in Tibet's Qamdo prefecture, currently the world's highest.

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