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Current Affairs
March - 2012

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Current Affairs - March 2012

As per CGA data, union governments fiscal deficit during the April-February period of 2011-12 stood at Rs 4.93 lakh crore, or 95% of the revised estimates India hosted the BRICS summit for the first time on 29 March 2012. It was the fourth BRICS summit Indian real state firm Unitech Limited on 30 March 2012 moved a local court, seeking to prevent partner Telenor US Senate on 30 March 2012 confirmed career diplomat Nancy Powell as ambassador to India Karnataka high court on 31 March 2012 quashed the appointment of Shankar Bidari as state DGP and IG The Prime Minister of India, Manmohan Singh visited South Korea on 25 March 2012 The National Thermal Power Corporation Limited (NTPC) board on 30 March 2012 approved an investment of over 17000 crore rupees The National Green Tribunal on 30 March 2012 suspended the environment clearance granted to Posco's mega steel project in Orissa in January 2011 Hinduja Energy India, a subsidiary of Hinduja Group, on 29 March 2012, formed a joint venture with Steag Energy Services Chhattisgadh Chief Minister Raman Singh, who holds the additional portfolio of finance department, presented the state budget 2012-13 The Central Vigilance Commission (CVC) on 29 March 2012, reconstituted the advisory board on bank, commercial and financial frauds Astronomers discovered an ancient planetary system, which belonged to one of the earliest cosmic eras, 13 billion years ago The Supreme Court of India on 30 March 2012 refused to pass any order on a mercy petition in the death sentence to Balwant Singh Rajoana Tata Motors on 29 March 2012 increased the prices of its commercial vehicles (CV) by 5000 rupees to 60000 rupees The West Bengal government on 23 March 2012 presented a higher plan outlay of 23371.44 crore in the budget for 2012-13

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Current Affairs March 2012 www.BankJobsCoaching.com Page |3 Free Online Bank Jobs/Exams Coaching | Free Test Papers | Bank Exams Preparation As per the data on the core industries released on 29 March 2012, eight core infrastructure industries registered a robust 6.8 per cent growth in output in February 2012 Scientists discovered the genetic flaw that explains the reason why flu makes some people seriously ill. They in fact found a human gene called IFTIM3 that influences how people respond to flu infections Central Vigilance Commission (CVC) on 29 March 2012 appointed Shyamala Gopinath as the Chairperson of the Advisory Board on Bank, Commercial and Financial Frauds The Fourth BRICS Summit was held in New Delhi on 29 March 2012. The theme of the Summit was BRICS Partnership for Global Stability, Security and Prosperity Infosys co-founder Narain Murthy, on 28 March 2012, got his name figured in the list of 12 greatest entrepreneurs of our time Seoul nuclear security summit was held on 26-27 March 2012 in South Korea. The next Nuclear Security Summit will be held in 2014 in the Netherlands Pakistan government on 18 March 2012 appointed Lt General Zaheerul Islam, Director General of the Inter-Services Intelligence RBI on 28 March 2012 announced revisions with an objective to liberalise the norms for direct investment abroad by Indian residents The Union Defence Ministry of India on 5 March 2012 blacklisted six companies four foreign and two Indian from the defence procurement process for 10 years Empowered group of ministers (EGoM) on 28 March 2012 fixed the issue price for the National Buildings Construction Corporation's public offer at Rs.106 a share In Nepal, the Supreme Court on 28 March 2012 upheld its earlier decision that the term of the Constituent Assembly will not be extended after the deadline ends on 27 May 2012 Russian President Dimitry Medvedev was conferred with the Degree of Doctor of Philosophy by the Jawaharlal Nehru University on 28 March 2012 The Union Government of India on 28 March 2012 stayed the hanging of Babbar Khalsa terrorist Balwant Singh Rajoana The European Union called on North Korea to abandon its planned rocket launch and dismantle its nuclear weapons programme Ministry of Corporate Affairs set up a committee under Adi Godrej to bring out a formal policy document tfor enlisting diverse elements of corporate governance

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Current Affairs March 2012 www.BankJobsCoaching.com Page |4 Free Online Bank Jobs/Exams Coaching | Free Test Papers | Bank Exams Preparation The sessions court in Delhi on 28 March 2012 absolved top Maoist leader Kobad Ghandy of severe charges under the anti-terror law Syria on 27 March 2012 accepted the 19-point UN peace plan to end violence in country Hyundai Motor India on 28 March 2012 launched a new version of its car i20 priced up to 7.67 lakh rupees Air India's board of directors on 27 March 2012 approved the direct import of jet fuel Tamil Nadu finance minister O Panneerselvam on 26 March 2012 presented a revenue surplus Budget for the state BrahMos, the supersonic cruise missile, was successfully test-fired on 28 March 2012 by BrahMos Aerospace, off the coast of Odisha The second nuclear security summit was held in Seoul, capital of South Korea on 26-27 March 2012 The World Bank on 28 March 2012 approved a 109-million dollar grant to fund Rajasthan Agricultural Competitiveness Project A NASA spacecraft called Messenger discovered further evidence for the existence of water ice at Mercury's poles Indias largest public sector Lender, State Bank of India, on 27 March 2012, increased interest rates on retail term deposits Israel on 25 March 2012 snapped working relations with the United Nations Human Rights Council (UNHRC) RBI on 26 March 2012 restructured the fair practices code (FPC) to be adopted by non-banking finance companies (NBFCs) while doing lending business The union government on 23 March 2012 gave its consent to a seven percentage increase in the rate of dearness allowance (DA) for its employees and pensioners Naxalites killed eleven Central Reserve Police Force (CRPF) men and left several others injured in Gadchiroli district of Maharashtra on 27 March 2012 Union government raised interest rates on post office-operated small savings like Monthly Income Scheme (MIS) and Public Provident Fund (PPF) by up to 0.5% Rebel troops in Mali ousted its President Amadou Toumani Toure on 22 March 2012. They blamed the government for faling to curb Tuareg insurgency

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Current Affairs March 2012 www.BankJobsCoaching.com Page |5 Free Online Bank Jobs/Exams Coaching | Free Test Papers | Bank Exams Preparation Marathi poet and Sahitya Akademi awardwinner, Manik Godghate popularly known as Grace passed away in Pune on 26 March 2012 Union government on 23 March 2012 reduced the import tariff value of gold from USD 573 per 10 grams to USD 530 per 10 grams Union Cabinet approved the setting up of a credit risk guarantee fund trust with an initial corpus of Rs. 1200 crore to with an objective to encourage housing for low-income groups Union Power Ministry did not approve of the gas price pooling mechanism within the power terming it as non-workable A 2200-year old Tamil-Brahmi inscription belonging to the second century BC, discovered at Samanamalai in Madurai district West Bengal government on 13 February 2012, appointed Sharukh Khan as the brand ambassador for the state The Cabinet Committee on Economic Affairs (CCEA), on 23 March 2012, granted the exploration of 16 blocks under the Ninth Round of the New Exploration Licensing Policy As per the estimates released by the Planning Commission for year 2009-10, the number of people living below poverty line in North-Eastern State Sikkim The Union Cabinet of India on 23 March 2012 approved the redrafted Marriage laws (Amendment) Bill, 2010. The bill seeks to give a woman share in her husbands property Haryana Finance Minister H S Chatha on 5 March 2012 presented a 610.46 crore rupees deficit budget for fiscal year 2012-13 Indian women boxers M.C. Mary Kom and Sarita on 25 March 2012, clinched two gold medals in the Asian women's boxing championship at Ulaanbaatar Harsh Pati Singhania, Managing Director, JK Paper Ltd, on 23 March 2012 took over as the President of International Chamber of Commerce Union Health Ministry was permitted by the Supreme Court on 23 March 2012 to adopt the online counseling for filling postgraduate medical seats Ferrari driver Fernando Alonso on 25 March 2012, won the Formula One Malaysian Grand Prix Abd-Rabbuh Mansour Hadi became the President of Yemen, a West-Asian country, on 27 February 2012 Bank of Baroda, the public sector lender, on 22 March 2012 launched 1001 ultra small branches to provide banking services to the people of villages www.BankJobsCoaching.com Page |5 Current Affairs March 2012 Free Online Bank Jobs/Exams Coaching | Free Test Papers | Bank Exams Preparation

Current Affairs March 2012 www.BankJobsCoaching.com Page |6 Free Online Bank Jobs/Exams Coaching | Free Test Papers | Bank Exams Preparation Tamilnadu over the lat one decade witnessed a hike of 7 per cent in its overall literacy rate. The state touched an all new high literacy rate of 80.33 per cent UN human rights council in Geneva adopted a resolution against Sri Lanka's Human rights record. 24 countries including India voted for the resolution UN Human Rights Council on 21 March 2012 passed a resolution in Geneva calling for a probe into Israeli settlements in occupied territories Union Rail Minister Mukul Roy withdrew the hike for second class suburban & non-suburban & sleeper class travel fare by 2 paise, 3 paise & 5 paise per km India inked an IDA credit worth 152 million dollar with the World Bank on 21 March 2012 to finance the Centre's efforts to help improve the efficiency The Union Government of India on 3 February 2012 notified the setting up of the anti-terror body called National Counter Terrorism Centre (NCTC) The Supreme Court of India ruled that one cannot acquire title to a property only because he or she had been allowed to stay in the premises for long Tamil writer A A Manavalan was selected for Saraswati Samman for 2011 for his book on Ramayana, Irama Kathaiyum Iramayakalum Microsoft, worlds leading IT company on 23 March 2012 took up five girl schools in Bihar under Digital Literacy Programme Pakistan defeated host Bangladesh to lift Asia Cup Cricket Trophy on 22 March 2012 Scientists discovered the biological clue to male baldness. It increased the chances of a treatment to stop or even reverse hair-loss Skoda Auto India on 23 March 2012 hiked the price of its cars by 2.2 5.1 per cent The National Bank for Agriculture and Rural Development (Nabard) on 22 February 2012 sanctioned a 423 crore rupees loan assistance to the Gujarat International World Water Day is observed annually on 22 March with an objective to focus attention on the importance of freshwater The United Nations Security Council on 20 March 2012 adopted a statement supporting U.N.-Arab League envoy Kofi Annan's plan to try to end Syria's year-long unrest Mahindra Satyam-Tech Mahindra, the 2.4-billion dollar conglomerate appointed C.P. Gurnani, as the CEO of the company www.BankJobsCoaching.com Page |6 Current Affairs March 2012 Free Online Bank Jobs/Exams Coaching | Free Test Papers | Bank Exams Preparation

Current Affairs March 2012 www.BankJobsCoaching.com Page |7 Free Online Bank Jobs/Exams Coaching | Free Test Papers | Bank Exams Preparation Himachal Pradesh Chief Minister Prem Kumar Dhumal on 19 March 2012 presented his fifth budget in the State Assembly The Pakistan government on 20 March 2012 issued the Statutory Regulatory Order (SRO) for switching over to a negative list regime for trade with India. As per SRO, the import of 1209 Indian products will be included in the negative list Draft report titled Performance Audit Of Coal Block Allocations by CAG stated that the government lost Rs 10.67 lakh crore by not auctioning coal blocks between 2004 and 2009 Versatile Bengali actor Soumitra Chatterjee who portrayed a versatile range of lead characters in films by Satyajit Ray was named for the prestigious Dadasaheb Phalke Award 2012 Tata Consultancy Services (TCS), the IT services, consulting, and business solutions giant on 20 March 2012 opened its Centre of Excellence for Oracle The Bangladesh government decided to honour 132 foreign leaders, intellectuals, cultural personalities and organisations who helped in the country's Liberation war of 1971 Tourism Minister of Goa Matanhy Saldanha, died of a heart attack on 21 March 2012.Saldanha 64, also held the portfolios of Science and Environment India and the World Bank on 21 March 2012 signed an IDA credit of 152 million US dollars to finance the Indian governments efforts to help improve the efficiency, quality and accountability of health services in Uttar Pradesh ICICI Bank on 20 March 2012, launched a new card product for the super rich class and the banks Wealth Management customers Karnataka Chief Minister DV Sadananda Gowda tabled a revenue surplus budget on 21 March 2012 in the Karnataka Assembly China increased the price of petrol by 6 percent and diesel by 7 percent for the second time in 2012 The National Anti-Doping Appeal Panel (NADAP) on 20 March 2012 ruled that the sample collection dates were being chosen as commencement date of suspension Finance ministry set up a committee to address rise of bad loans after Moodys downgraded UBI one notch due to its high level of troubled assets and low provisions for coverage Delhi topped Goa, the smallest Indian state by area and fourth smallest by population, secured a nationwide third rank in per capita deposits The Delhi Cabinet on 19 March 2012 approved transfer of 621 crore rupees to the National Highway Authority of India for constructing Kundli-Manesar-Palwal (KMP Expressway) www.BankJobsCoaching.com Page |7 Current Affairs March 2012 Free Online Bank Jobs/Exams Coaching | Free Test Papers | Bank Exams Preparation

Current Affairs March 2012 www.BankJobsCoaching.com Page |8 Free Online Bank Jobs/Exams Coaching | Free Test Papers | Bank Exams Preparation Election results for the assembly elections held in five states namely Uttar Pradesh, Punjab, Uttarakhand, Manipur and Goa were declared on 6 March 2012 According to Nasscom, captive offshoring units of large banks, insurance companies and retailers contribute $14 billion to Indias $100-billion IT-BPO industry A scientist from Iran developed a gas-filled aspirin that can enhance the cancer-fighting ability of the drug. The new Aspirin was dubbed NOSH The Supreme Court of India on 20 March 2012 rejected the plea of the union government in which it had sought a review of supreme court 20 January 2012 ruling Union Minister Mukul Roy was on 20 March 2012 sworn in as the Union Railway Minister by President Pratibha Patil in New Delhi Retail inflation stood at 8.83% in February 2012 as a result of higher prices of protein based items, edible oil products and manufactured goods The Tamil Nadu Government agreed for commissioning of the 1000 MW Kudankulam nuclear power project on 19 March 2012 World no five Saina Nehwal retained the Swiss Open Grand Prix Gold trophy by defeating China's Shixian Wang in Switzerland on 18 March 2012 As per the report released by Stockholm International Peace Research Institute (SIPRL) on 19 March 2012, India emerged as the worlds largest importer of arms in 2007-2011 A new frog species was found by researchers in the second week of March 2012 at Mawphlang, about 25 kilometre from Shilong, capital of Meghalaya Former East German pro-democracy activist Joachim Gauck succeeded Christian Wulff as Germany's new president Auto giant Tata Motors on 19 March 2012 increased prices of its passenger vehicles, including the Nano, by up to 35000 rupees Four States namely Jharkhand, Mizoram, Sikkim and Lakshadweep on 16 March 2012 signed MoU with the Ministry of Statistics and Programme Implementation under the Indian Statistical Strengthening Project (ISSP) Assam government on 17 March 2012 earmarked 24199 lakh rupees on implementation of National Rural Livelihood Mission (NRLM), for 2012-13 The Government of Niger, in the first week of March 2012, declared the whole area-the Termit Massif and Tin Toumma desert- to be a national nature and culture reserve www.BankJobsCoaching.com Page |8 Current Affairs March 2012 Free Online Bank Jobs/Exams Coaching | Free Test Papers | Bank Exams Preparation

Current Affairs March 2012 www.BankJobsCoaching.com Page |9 Free Online Bank Jobs/Exams Coaching | Free Test Papers | Bank Exams Preparation Union Rail Minister Dinesh Trivedi, tendered his resignation on 18 March 2012 to the Prime Minister Manmohan Singh Akhilesh Yadav,38, of Samajwadi Party, was sworn in as the 33 rd Chief Minister of Uttar Pradesh on 15 March 2012 The tax proposals in the Union budget 2012-13 were guided by the need to move towards the Direct Tax Code(DTC) in the case of direct taxes and Goods & Services Tax (GST) in the case of indirect taxes Union budget 2012-13 presented by Union Finance Minister Pranab Mukherjee proposed an increase by 18% to Rs. 20208 crore in the total Plan Outlay for the Department of Agriculture and Cooperation Rural Development and Panchayati Raj was identified as major thrust areas for the Government in the Union Budget 2012-13 Union Finance Minister in his Union Budget 2012-13 speech tabled on 16 March 2012 announced several provisions for both the education and health sector Finance Minister raised the prices of few commodities like Gold jewelleries, Cigarettes, SUVs in the proposed Union Budget 2012-13 The Union Finance Minister Pranab Mukharjee, who presented the annual union budget 2012-13 in the parliament on 16 March 2012 Union Finance Minister Pranab Mukherjee in the Union budget 2012-13 proposed allocation of Rs. 50 lakh crore towards infrastructure investment during the Twelfth Plan period Union Finance Minister Pranab Mukharjee presented the annual budget for the fiscal year 2012-13 in the parliament on 16 March 2012 Union Finance Minister Pranab Mukharjee presented the union budget 2012-13 in the parliament on 16 March 2012 Union Finance Minister Pranab Mukherjee on 16 March 2012, tabled the Union Budget in the parliament for the financial year 2012-13 Economic Survey 2011-12 stated that despite dip in the economic growth India remains among the fastest growing economies of the world The year 2011-12 was declared as the Year of Green Energy by Mamata Banerjee. A slew of green measures were proposed to be adopted in the Union Railway Budget 2012-13 Union Railway Minister Dinesh Trivedi presented the Union Railway Budget in the parliament on 14 March 2012

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Current Affairs March 2012 www.BankJobsCoaching.com P a g e | 10 Free Online Bank Jobs/Exams Coaching | Free Test Papers | Bank Exams Preparation The economic survey 2011-12 was presented in the parliament by the Finance Minister Pranab Mukharjee on 14 March 2012 While preparing the Union Railway budget 201213, Dinesh Trivedi drew heavily from the recommendations of Kakodkar committee on railway safety and Pitroda committee on modernization of infrastructure Union Railway Minister Dinesh Trivedi presented the Union Rail Budget 2012-13 in the parliament on 14 March 2012 Vijay Bahuguna of Congress, on 13 March 2012,sworn in as the chief minister of Uttarakhand Parkash Singh Badal of Shiromani Akali Dal, sworn in as the 31st chief minister of Punjab on 14 March 2012 Parkash Singh Badal on 14 March 2012, sworn in as chief minister of Punjab The Union government of India on 1 March 2012 sanctioned a special package of 130 crore Rupees for Arunachal Pradesh for the modernisation of the police forces in troubled Tirap and Changlang districts of the state Advisory group on asset reconstruction firms favoured $20 billion limit for investments by foreign institutional investors in SRs issued by securitisation firms Assam Chief Minister, Tarun Gogoi, who also holds the finance portfolio, presented a deficit budget for the state on 12 March 2012 A survey compiled by Fortune India and global management consultancy Hay Group which was released on 13 March 2012 In Syria, President Bashar al-Assad set 7 May 2012 as the date for parliamentary elections. This would be the third election for parliament since President Bashar Al Assad became the President of Syria Rupert Murdoch-led News Corp on 12 March 2012, sold its entire 17.3 per cent stake in Hathway Cable & Datacom for 358 crore Rupees The apex decision-making body of the communications ministry cleared the proposal to enable the Telecom Regulatory Authority of India (TRAI) to act like a civil court Report of the probe by the income-tax department into the allegations labeled against justice KG Balakrishnan was submitted to the Supreme Court As per data released by the Commerce Ministry, India's merchandise exports in February grew only by 4.3 per cent to $24.6 billion

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Current Affairs March 2012 www.BankJobsCoaching.com P a g e | 11 Free Online Bank Jobs/Exams Coaching | Free Test Papers | Bank Exams Preparation Indias leading tyre manufacturer CEAT, on 12 March 2012, appointed Anant Goenka as its new Managing Director Union Rural Development Minister Jairam Ramesh announced national award for sanitation & water in name of Maharashtrian saint Sant Gadge Baba As per the data released by the ministry of statistics and programme implementation on 12 March 2012, Indian industrial sector registered a growth of 6.8 per cent Researchers in the second week of March 2012 invented fibre-optic technology, under a project called Sardana to run ultra-fast Internet India and Colombia on 12 March 2012 signed a Cultural Exchange Programme (CEP) in New Delhi for the Years 2012-2016 RBI reduced the CRR from 5.50 per cent to 4.75 per cent of deposits to ease the liquidity crunch being faced by banks Foreign direct investment (FDI) in India went up by 31 per cent to 27.5 billion US Dollars in 2011 despite uncertain global economic slowdown Task force, appointed by the steel ministry to provide the basis for the new steel policy recommended underground mining in the Western Ghats Reliance Communications on 12 March 2012 unveiled Indias first CDMA network technology driven tablet computers The Assam government inked an agreement with the Asian Development Bank (ADB) on 9 March 2012 The Nagaland government on 9 March 2012 signed a Memorandum of Understanding with NABARD Indias ace Badminton player Saina Nehwal suffered a straight-game defeat in the women's singles quarterfinals of the All England Championship BJP-MGP combine emerged victorious in the Goa assembly elections 2012 the alliance pocketed 26 seats Engineering and construction giant Larsen & Toubro(L&T) on 9 March 2012 elevated Shailendra Roy as a whole-time director of the company Indias largest engineering and construction company Larsen and Toubro Ltd (L&T) on 9 March 2012 appointed director and board member K.Venkataramanan Kolkata based Hindustan Motors on 11 March 2012 launched the Mitsubishi Pajero Sport SUV in India

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Current Affairs March 2012 www.BankJobsCoaching.com P a g e | 12 Free Online Bank Jobs/Exams Coaching | Free Test Papers | Bank Exams Preparation Indian batting maestro and former captain Rahul Dravid, on 9 March 2012, announced his retirement from international cricket The Congress party emerged as the single largest party in Uttarakhand Assembly Election 2012 Scientists claimed to find the treatment for Glaucoma in rats, which could lead to an effective treatment for blindness in humans The alliance of Shiromani Akali Dal and Bhartiya Janata Party emerged victorious in Punjab Assembly Polls 2012 The Assam government introduced the Mamoni scheme in the state under the National Rural Health Mission. The aim of the scheme is to reduce Maternal Mortality Ratio PE investors in February 2012 offloaded stakes worth $751.45 million across eight open market transactions Mulayam Singh Yadav led Samajwadi Party recorded a landslide victory in Uttar Pradesh Assembly Polls 2012 The Prestigious 59th National Film Awards were announced in New Delhi on 7 March 2012 State-owned Hindustan Petroleum Corporation Ltd (HPCL) on 8 March 2012 resumed oil supplies to Kingfisher Airlines after the airline agreed to pay for daily fuel off-take The incumbent Prime Minister Vladimir Putin won the Russian Presidential Election with 63.75 percent of votes as per the result declared by the Russian Central Election Commission (CEC) on 5 March 2012 Indian Power giant Tata Power on 5 March 2012, joined hand with South African firm Exxaro to explore opportunities in South African electricity generation market Hyundai Motor India on 5 March 2012 appointed Bo Shin Seo as the new managing director of company Veteran Anjum Chopra was slated to captain the Indian women's cricket team in the limited-over series against Australia Indraprastha Gas Limited (IGL) on 5 March 2012 hiked the selling price of CNG by 1.70 Rupees per kg in Delhi Indias largest private sector lender ICICI Bank along with Bank of Baroda, Citicorp Finance India Ltd, Life Insurance Corporation launched India's first infrastructure debt fund The National Commission for Protection of Child Rights (NCPCR) on 4 March 2012 released guidelines to eliminate physical punishment and to discipline schools. The NCPCR survey disclosed that the use of physical punishments is common in Indian schools www.BankJobsCoaching.com P a g e | 12 Current Affairs March 2012 Free Online Bank Jobs/Exams Coaching | Free Test Papers | Bank Exams Preparation

Current Affairs March 2012 www.BankJobsCoaching.com P a g e | 13 Free Online Bank Jobs/Exams Coaching | Free Test Papers | Bank Exams Preparation UP, Punjab, Uttarakhand and Goa recorded the highest ever voting percentage in their history in the recently concluded Assembly elections Indian national women Kabaddi team clinched maiden women World Cup Kabaddi championship title on 4 March 2012 Pakistan Cricket Board (PCB) appointed Dav Whatmore as its national team coach on 4 March 2012 South Africa made a 3-0 clean sweep against New Zealand Indian Tennis pair of Mahesh Bhupati and Rohan Bopanna won the doubles title of Dubai Open on 3 March 2012 World no. 2 Roger Federar defeated third seeded Andy Murray in the singles final of Dubai Open on 4 March 2012 Uninor and Sistema Shyam filed a petition on 2 March 2012 seeking review of Supreme Court's order to cancel their 2G licences The Union government on 1 March 2012 sanctioned a special package of 130 crore Rupees for the north-eastern state of Arunachal Pradesh Uttarakhand government on 2 March 2012 introduced e-stamping in the state, which would ensure a secure way of paying non-judicial stamp duty to the government A Supreme Court Bench comprising Justices justices H L Dattu and C K Prasad on 2 March 2012 recused itself from hearing a Public Interest Litigation RK Tyagi took charge as Chairman of Hindustan Aeronautics Limited (HAL), the defence enterprise of the government of India The Company Law Board (CLB) on 1 March 2012 returned the petitions of Telenor and Unitech for technical errors The Delhi high court on 1 March 2012 quashed petitions filed by 12 Delhi councillors in which they had challenged the notification issued by state election commission Current Affairs 2012. The Supreme Court of India ruled that the states and Union Territories could now grant leases for mining minor minerals in less than 5 hectares and to renew them they needs prior approval from the Union Environment Ministry Sesa Goa Limited, a majority-owned subsidiary of Vedanta Resources on 1 March 2012 acquired Goa Energy Private Limited from Videocon

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Current Affairs March 2012 www.BankJobsCoaching.com P a g e | 14 Free Online Bank Jobs/Exams Coaching | Free Test Papers | Bank Exams Preparation India and China decided to have maritime cooperation to build confidence. This was decided during the talks between the External Affairs Minister S M Krishna and his Chinese counterpart Yang Jiechi in New Delhi The Supreme Court of India on 2 March 2012 appointed its former judge, Justice H S Bedi as the chairman of the monitoring authority. He will investigate the case of 22 alleged fake encounter killings in Gujarat between 2002 and 2006 Asia Pacific's leading media technology company, Komli Media acquired South East Asia's largest digital media network Admax Network on 29 February A US (United States) federal judge dismissed a lawsuit filed against the Sri Lankan President Mahinda Rajapaksa. The lawsuit alleged that the human rights abuses occurred during the civil war in Sri Lanka Department of Disinvestment listed eight CPSEs whose cash surpluses amount to more than Rs 55580 crore for the purpose of buy back under disinvestment norms India handed over 20 million Dollars standby loan to Maldives in view of the difficult financial situation MindTree Limited on 29 February 2012 appointed Subroto Bagchi as its chairman. Bagchi who is also the co-founder of Mindtree The Union cabinet of India approved the proposed changes in the Motor Vehicle Act 1988, which includes longer jail terms and higher fines for repeat traffic violations As per the data released by CSO, Indias economic growth rate dipped to 6.1% in the third quarter (October-December) of 2011-12 Union government on 29 February 2012 gave its approval to the long-pending drainage basin flood control project Varun Berry, Chief Executive Officer of PepsiCo India Food resigned from the company on 29 February 2012 The National Tourism Awards 2010-11 were conferred by the President of India Pratibha Devisingh Patil on 29 February 2012 in New Delhi As per Unicefs State of the Worlds Children Report 2012, 18% of those below 15 years and 47% of those below 18 years are married in India James Murdoch on 29 February 2012 stepped down as Executive Chairman of News International, UK news paper arm of News Corporation In National Tourism Awards 2010-11, which was conferred on 29 February 2012, Madhya Pradesh emerged victorious by bagging maximum number of awards www.BankJobsCoaching.com P a g e | 14 Current Affairs March 2012 Free Online Bank Jobs/Exams Coaching | Free Test Papers | Bank Exams Preparation

Current Affairs March 2012 www.BankJobsCoaching.com P a g e | 15 Free Online Bank Jobs/Exams Coaching | Free Test Papers | Bank Exams Preparation union government decided to boost public spending in the health sector to 2.5 per cent of GDP from the current 1.4 per cent over five years North Korea agreed to suspend its nuclear and uranium enrichment programme in return for US food aid. USA had promised North Korea 240000 tonnes of nutritional assistance and food aid As per the data released by CAG, fiscal deficit stood at Rs 4.34 lakh crore, or 105% of the total annual target in April-January period of 2011-12 Public sector lender Syndicate Bank on 29 February 2012 appointed Madhukant Girdharlal Sanghvi as its new Chairman IRCON International & Rail Land Development Authority inked MoU to set up the Railway Stations Development Corporation Limited for development of stations IUCN (International Union for Conservation of Nature) released the red List of threatened species, which includes 14 species of birds from India

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