1. Andhra Pradesh Government signed MoU with Singapore for development of its new capital
Andhra Pradesh Government signed a Memorandum of Understanding (MoU) with Singapore for the development of its new capital that is set to come up near Vijawayada region.
The MoU was signed by International Enterprise Singapore CEO Teo Eng Cheong and the Infrastructure Corporation of the Andhra Pradesh representative Sambasiva Rao.
Andhra Pradesh Government signed a Memorandum of Understanding (MoU) with Singapore for the development of its new capital that is set to come up near Vijawayada region.
The MoU was signed by International Enterprise Singapore CEO Teo Eng Cheong and the Infrastructure Corporation of the Andhra Pradesh representative Sambasiva Rao.
2. Subramanian Committee on Leveraging the Post Office Network submitted report to Union government
Subramanian Committee on Leveraging the Post Office Network submitted its report to the Union Ministry of Communications and Information Technology. The objective of the Committee was to transform the Post Office Network in keeping with changing market trends and competition.
Committee has suggested creation of a Postal Bank of India (PBI), which would work independently within the postal department with banking professionals.
Following are the recommendations made by Committee:
• It has also suggested setting up of three subsidiaries as a part of a holding company under the postal department for extending services in the fields of banking, e-commerce and insurance.
• The task force has also recommended to launch the proposed postal bank through an Act of the Parliament and not by approaching the Reserve Bank of India (RBI) which would make it easier for the government to take a decision in this regard even if the RBI has objections to it.
• It has recommended widening the ambit of work for India Post.
• It has said that India Post would not only run as a payment bank but also as a full-fledged commercial bank, which would help in financial inclusion with its 1.5 lakh postal offices across the country.
• It has also made several other recommendations to leverage the vast network of India Post and its local knowledge across regions in the country.
• The panel said commercial banks have reached only to urban cities and towns but postal banks will cover interior villages which have largely been excluded from banking services. This would be a major boost to govenrment’s financial inclusion in real sense.
• The committee claimed that with restructuring of India Post and establishing postal bank and involving e-commerce and other services, it would add 5 lakh more jobs.
3. Armed Forces Flag Day observed across the nation
Armed Forces Flag Day was observed across the nation on 7 December 2014. The Day is named as Armed Forces Flag Day because on this day a fund is collected by issue of special flags.
On this day, Prime Minister Narendra Modi praised the Indian Armed Forces and appealed to the citizens for generous donations for the welfare of the Armed forces.
4. Warren buffet became second richest person of World
According to the Bloomberg Billionaires Index, Warren buffet became second richest person in the World. He replaced Carlos Slim, business magnate of Mexico. Bill Gates is the world richest person.
Buffet chairman of Berkshire Hathaway Inc. has a net worth of 73.7 billion US dollars and his annual business profits recorded 19.5 billion US dollars which is up 13 percent. Berkshire reached 52 week high in intraday trading which is closed at 185750 US dollars.
Slim has net worth of 62.9 billion US dollars. Slim profit has fallen 10.9 billion US dollars since the start of 2014 and his business profits dropped by 14 percent.
5. US and NATO ended combat mission in Afghanistan
The United States (US) and North Atlantic Treaty Organisation (NATO) ended their combat mission in Afghanistan
The mission ended with lowering of flags by the NATO's International Security Assistance Force (ISAF) Joint Command in a ceremony held in Kabul, the capital of Afghanistan.
This ceremony was the first of two that will draw a formal close to NATO’s combat mission by 28 December 2014.
The mission came to an end 13 years after the 9/11 terror attack in the US that sparked the invasion of the country in 2001 to topple the Taliban-led government.
This ceremony was the first of two that will draw a formal close to NATO’s combat mission by 28 December 2014.
The mission came to an end 13 years after the 9/11 terror attack in the US that sparked the invasion of the country in 2001 to topple the Taliban-led government.
6. World’s first herbal Holy Quran unveiled in Dubai
The world’s first handcrafted herbal Holy Quran was unveiled in Dubai. It is made from about 200 medicinal plants.
The Quran has been made by the Islamic arts and calligraphy company Heddem Arts and has been crafted over 23 years from 1957 to 1979 by Turkish Unani Doctor Hamdi Taher.
7. Gwladys Nocera of France won Hero Women's Indian Golf Open 2014
Gwladys Nocera of France won the Hero Women's Indian Golf Open 2014 at the Delhi Golf Club. She received the prize money of 300000 US dollars.
She won her first title of the 2014 season with a score 11 under par total of 208.
8. Hockey Olympian Grihanandan Singh died
ockey Olympian Grihanandan Singh died in New Delhi. He was 88.
Nick named Nandy Singh was an Indian field hockey player who won two Olympic gold medals, at the 1948 London Olympics and later in 1952 Helsinki Olympics with the Indian team.
9. Wi-fi service launched at New Delhi railway station
Close to 5 lakh passengers travelling via the New Delhi railway station, the busiest in the country, will now be able to connect to the internet through the wi—fi service, which was launched at the station
Terming internet as a “new necessity”, Railways Minister Suresh Prabhu said efforts are on to make maximum use of science and technology, particularly information technology to provide better facilities to passengers.
“Today we have launched wi—fi service at New Delhi station. This has become a necessity for the people,” he said after launching the service here.
People thronging the station can now access wi—fi internet on any of the 16 platforms free of cost for an initial period of 30 minutes after which they would be required to register for the same using their mobile phones.
Beyond 30 minutes, the user would have to purchase scratch cards costing Rs. 25 for 30 minutes and Rs. 35 for an hour and valid through 24 hours, which will be made available at 24X7 wi—fi helpdesks on the concourse at the Paharganj and Ajmeri Gate sides of New Delhi railway station.
10. Indian rupee to outperform Asian peers in 2015: HSBC
As the reform process is expected to gain further momentum, the Indian rupee will continue to outperform its Asian peers, which are likely to weaken further against the US dollar in 2015, says an HSBC report.
According to the global financial services major, in the coming year all Asian currencies are expected to weaken against the USD, but the Indian rupee would be one of the more resilient currencies, provided the domestic policy framework does not disappoint.
“While many are in a better position than other emerging market currencies, we still see all Asian currencies weakening against the USD,” HSBC said adding that the Renminbi (RMB), the Indian Rupee (INR), the Indonesian Rupiah (IDR) and the Philippine Peso (PHP) should hold up better.
On the other-hand, the Taiwan New Dollar (TWD), the Korean Won (KRW) and the Malaysian Ringgit (MYR) could underperform, HSBC said.
“The INR has outperformed the region, supported by strong portfolio inflows and reform optimism, while improving macro data also helped. This story should continue in 2015,” HSBC said in a research note.
11. Warner scores emotional century at Adelaide, Clarke retires hurt
David Warner paid moving tribute to Phillip Hughes in compiling a brilliant
Close to 5 lakh passengers travelling via the New Delhi railway station, the busiest in the country, will now be able to connect to the internet through the wi—fi service, which was launched at the station
Terming internet as a “new necessity”, Railways Minister Suresh Prabhu said efforts are on to make maximum use of science and technology, particularly information technology to provide better facilities to passengers.
“Today we have launched wi—fi service at New Delhi station. This has become a necessity for the people,” he said after launching the service here.
People thronging the station can now access wi—fi internet on any of the 16 platforms free of cost for an initial period of 30 minutes after which they would be required to register for the same using their mobile phones.
Beyond 30 minutes, the user would have to purchase scratch cards costing Rs. 25 for 30 minutes and Rs. 35 for an hour and valid through 24 hours, which will be made available at 24X7 wi—fi helpdesks on the concourse at the Paharganj and Ajmeri Gate sides of New Delhi railway station.
10. Indian rupee to outperform Asian peers in 2015: HSBC
As the reform process is expected to gain further momentum, the Indian rupee will continue to outperform its Asian peers, which are likely to weaken further against the US dollar in 2015, says an HSBC report.
According to the global financial services major, in the coming year all Asian currencies are expected to weaken against the USD, but the Indian rupee would be one of the more resilient currencies, provided the domestic policy framework does not disappoint.
“While many are in a better position than other emerging market currencies, we still see all Asian currencies weakening against the USD,” HSBC said adding that the Renminbi (RMB), the Indian Rupee (INR), the Indonesian Rupiah (IDR) and the Philippine Peso (PHP) should hold up better.
On the other-hand, the Taiwan New Dollar (TWD), the Korean Won (KRW) and the Malaysian Ringgit (MYR) could underperform, HSBC said.
“The INR has outperformed the region, supported by strong portfolio inflows and reform optimism, while improving macro data also helped. This story should continue in 2015,” HSBC said in a research note.
11. Warner scores emotional century at Adelaide, Clarke retires hurt
David Warner paid moving tribute to Phillip Hughes in compiling a brilliant
century, but Australia's joy was tempered with another injury to captain Michael Clarke on an emotional opening day of the first test against India on Tuesday.Warner's sparkling 145 from 163 balls got the hosts off to a flying start at a sun-drenched Adelaide Oval, and though India captured a flurry of late wickets, Steven Smith added an unbeaten 72 after tea to push Australia to 354-6 at stumps.
A day that began solemnly with a slew of tributes to Hughes ended with grave concerns over the fitness of Clarke, who retired hurt on 60 with a lower back injury.
Having raced to be fit for the match after suffering a third hamstring strain in three months, Clarke's new injury will raise questions over his management, and whether sentimentality trumped sense in his selection for the match.
Batsman Virat Kohli, who replaced the injured Mahendra Singh Dhoni as India captain, endured a tough debut in charge of the test team, losing the all-important toss and watching his bowlers toil for much of the day on a flat wicket.
1. Andhra Pradesh Government signed MoU with Singapore for development of its new capital
Andhra Pradesh Government signed a Memorandum of Understanding (MoU) with Singapore for the development of its new capital that is set to come up near Vijawayada region.
The MoU was signed by International Enterprise Singapore CEO Teo Eng Cheong and the Infrastructure Corporation of the Andhra Pradesh representative Sambasiva Rao.
Andhra Pradesh Government signed a Memorandum of Understanding (MoU) with Singapore for the development of its new capital that is set to come up near Vijawayada region.
The MoU was signed by International Enterprise Singapore CEO Teo Eng Cheong and the Infrastructure Corporation of the Andhra Pradesh representative Sambasiva Rao.
2. Subramanian Committee on Leveraging the Post Office Network submitted report to Union government
Subramanian Committee on Leveraging the Post Office Network submitted its report to the Union Ministry of Communications and Information Technology. The objective of the Committee was to transform the Post Office Network in keeping with changing market trends and competition.
Committee has suggested creation of a Postal Bank of India (PBI), which would work independently within the postal department with banking professionals.
Following are the recommendations made by Committee:
• It has also suggested setting up of three subsidiaries as a part of a holding company under the postal department for extending services in the fields of banking, e-commerce and insurance.
• The task force has also recommended to launch the proposed postal bank through an Act of the Parliament and not by approaching the Reserve Bank of India (RBI) which would make it easier for the government to take a decision in this regard even if the RBI has objections to it.
• It has recommended widening the ambit of work for India Post.
• It has said that India Post would not only run as a payment bank but also as a full-fledged commercial bank, which would help in financial inclusion with its 1.5 lakh postal offices across the country.
• It has also made several other recommendations to leverage the vast network of India Post and its local knowledge across regions in the country.
• The panel said commercial banks have reached only to urban cities and towns but postal banks will cover interior villages which have largely been excluded from banking services. This would be a major boost to govenrment’s financial inclusion in real sense.
• The committee claimed that with restructuring of India Post and establishing postal bank and involving e-commerce and other services, it would add 5 lakh more jobs.
3. Armed Forces Flag Day observed across the nation
Armed Forces Flag Day was observed across the nation on 7 December 2014. The Day is named as Armed Forces Flag Day because on this day a fund is collected by issue of special flags.
On this day, Prime Minister Narendra Modi praised the Indian Armed Forces and appealed to the citizens for generous donations for the welfare of the Armed forces.
4. Warren buffet became second richest person of World
According to the Bloomberg Billionaires Index, Warren buffet became second richest person in the World. He replaced Carlos Slim, business magnate of Mexico. Bill Gates is the world richest person.
Buffet chairman of Berkshire Hathaway Inc. has a net worth of 73.7 billion US dollars and his annual business profits recorded 19.5 billion US dollars which is up 13 percent. Berkshire reached 52 week high in intraday trading which is closed at 185750 US dollars.
Slim has net worth of 62.9 billion US dollars. Slim profit has fallen 10.9 billion US dollars since the start of 2014 and his business profits dropped by 14 percent.
5. US and NATO ended combat mission in Afghanistan
The United States (US) and North Atlantic Treaty Organisation (NATO) ended their combat mission in Afghanistan
The mission ended with lowering of flags by the NATO's International Security Assistance Force (ISAF) Joint Command in a ceremony held in Kabul, the capital of Afghanistan.
This ceremony was the first of two that will draw a formal close to NATO’s combat mission by 28 December 2014.
The mission came to an end 13 years after the 9/11 terror attack in the US that sparked the invasion of the country in 2001 to topple the Taliban-led government.
This ceremony was the first of two that will draw a formal close to NATO’s combat mission by 28 December 2014.
The mission came to an end 13 years after the 9/11 terror attack in the US that sparked the invasion of the country in 2001 to topple the Taliban-led government.
6. World’s first herbal Holy Quran unveiled in Dubai
The world’s first handcrafted herbal Holy Quran was unveiled in Dubai. It is made from about 200 medicinal plants.
The Quran has been made by the Islamic arts and calligraphy company Heddem Arts and has been crafted over 23 years from 1957 to 1979 by Turkish Unani Doctor Hamdi Taher.
7. Gwladys Nocera of France won Hero Women's Indian Golf Open 2014
Gwladys Nocera of France won the Hero Women's Indian Golf Open 2014 at the Delhi Golf Club. She received the prize money of 300000 US dollars.
She won her first title of the 2014 season with a score 11 under par total of 208.
8. Hockey Olympian Grihanandan Singh died
ockey Olympian Grihanandan Singh died in New Delhi. He was 88.
Nick named Nandy Singh was an Indian field hockey player who won two Olympic gold medals, at the 1948 London Olympics and later in 1952 Helsinki Olympics with the Indian team.
9. Wi-fi service launched at New Delhi railway station
Close to 5 lakh passengers travelling via the New Delhi railway station, the busiest in the country, will now be able to connect to the internet through the wi—fi service, which was launched at the station
Terming internet as a “new necessity”, Railways Minister Suresh Prabhu said efforts are on to make maximum use of science and technology, particularly information technology to provide better facilities to passengers.
“Today we have launched wi—fi service at New Delhi station. This has become a necessity for the people,” he said after launching the service here.
People thronging the station can now access wi—fi internet on any of the 16 platforms free of cost for an initial period of 30 minutes after which they would be required to register for the same using their mobile phones.
Beyond 30 minutes, the user would have to purchase scratch cards costing Rs. 25 for 30 minutes and Rs. 35 for an hour and valid through 24 hours, which will be made available at 24X7 wi—fi helpdesks on the concourse at the Paharganj and Ajmeri Gate sides of New Delhi railway station.
10. Indian rupee to outperform Asian peers in 2015: HSBC
As the reform process is expected to gain further momentum, the Indian rupee will continue to outperform its Asian peers, which are likely to weaken further against the US dollar in 2015, says an HSBC report.
According to the global financial services major, in the coming year all Asian currencies are expected to weaken against the USD, but the Indian rupee would be one of the more resilient currencies, provided the domestic policy framework does not disappoint.
“While many are in a better position than other emerging market currencies, we still see all Asian currencies weakening against the USD,” HSBC said adding that the Renminbi (RMB), the Indian Rupee (INR), the Indonesian Rupiah (IDR) and the Philippine Peso (PHP) should hold up better.
On the other-hand, the Taiwan New Dollar (TWD), the Korean Won (KRW) and the Malaysian Ringgit (MYR) could underperform, HSBC said.
“The INR has outperformed the region, supported by strong portfolio inflows and reform optimism, while improving macro data also helped. This story should continue in 2015,” HSBC said in a research note.
11. Warner scores emotional century at Adelaide, Clarke retires hurt
David Warner paid moving tribute to Phillip Hughes in compiling a brilliant
Close to 5 lakh passengers travelling via the New Delhi railway station, the busiest in the country, will now be able to connect to the internet through the wi—fi service, which was launched at the station
Terming internet as a “new necessity”, Railways Minister Suresh Prabhu said efforts are on to make maximum use of science and technology, particularly information technology to provide better facilities to passengers.
“Today we have launched wi—fi service at New Delhi station. This has become a necessity for the people,” he said after launching the service here.
People thronging the station can now access wi—fi internet on any of the 16 platforms free of cost for an initial period of 30 minutes after which they would be required to register for the same using their mobile phones.
Beyond 30 minutes, the user would have to purchase scratch cards costing Rs. 25 for 30 minutes and Rs. 35 for an hour and valid through 24 hours, which will be made available at 24X7 wi—fi helpdesks on the concourse at the Paharganj and Ajmeri Gate sides of New Delhi railway station.
10. Indian rupee to outperform Asian peers in 2015: HSBC
As the reform process is expected to gain further momentum, the Indian rupee will continue to outperform its Asian peers, which are likely to weaken further against the US dollar in 2015, says an HSBC report.
According to the global financial services major, in the coming year all Asian currencies are expected to weaken against the USD, but the Indian rupee would be one of the more resilient currencies, provided the domestic policy framework does not disappoint.
“While many are in a better position than other emerging market currencies, we still see all Asian currencies weakening against the USD,” HSBC said adding that the Renminbi (RMB), the Indian Rupee (INR), the Indonesian Rupiah (IDR) and the Philippine Peso (PHP) should hold up better.
On the other-hand, the Taiwan New Dollar (TWD), the Korean Won (KRW) and the Malaysian Ringgit (MYR) could underperform, HSBC said.
“The INR has outperformed the region, supported by strong portfolio inflows and reform optimism, while improving macro data also helped. This story should continue in 2015,” HSBC said in a research note.
11. Warner scores emotional century at Adelaide, Clarke retires hurt
David Warner paid moving tribute to Phillip Hughes in compiling a brilliant
century, but Australia's joy was tempered with another injury to captain Michael Clarke on an emotional opening day of the first test against India on Tuesday.Warner's sparkling 145 from 163 balls got the hosts off to a flying start at a sun-drenched Adelaide Oval, and though India captured a flurry of late wickets, Steven Smith added an unbeaten 72 after tea to push Australia to 354-6 at stumps.
A day that began solemnly with a slew of tributes to Hughes ended with grave concerns over the fitness of Clarke, who retired hurt on 60 with a lower back injury.
Having raced to be fit for the match after suffering a third hamstring strain in three months, Clarke's new injury will raise questions over his management, and whether sentimentality trumped sense in his selection for the match.
Batsman Virat Kohli, who replaced the injured Mahendra Singh Dhoni as India captain, endured a tough debut in charge of the test team, losing the all-important toss and watching his bowlers toil for much of the day on a flat wicket.
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