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The CAB - May 16 - 31, 2007

Welcome to CAB, the Current Affairs Bulletin, your vehicle for success in competitive examinations.

Yes, minister: Government business

*May 26
The central government has issued pre qualification norms for public-private-partnership projects in the infrastructure sector. Planning Commission Deputy Chairman Montek Singh Ahluwalia said that it is being done to ensure that only the most deserving bidders get the contract.

*May 31
The center has approved the development of 23 SEZ’s (Special Economic Zones) in various states.

The art of courtship: legal affairs

*May 20
The supreme court has restrained the union government from signing the Indo-US nuclear deal in a hurry, till the deal is thoroughly examined by a committee appointed by the apex court and till its implications on national security have been checked and passed in the parliament.

Abroad mind: International developments

*May 20
China has agreed on having a military tie up with India. India will now propose finalisation of details to have the first ever Joint army level exercise with China.

*May 25
Japan and India have signed a Memorandum of Understanding (MoU) where both nations will help and collaborate on capacity building, human resource development and public awareness programs.

Report card: Economic information

*May 17
Vijay Malaya, chairman United Breweries group has acquired 100 percent stake in Whyte and Mackay a leading distiller of scotch and whiskey based in Glasgow for a consideration of Rs 4,800 crore.

The Lok Sabha passed the State Bank of India Amendment Bill allowing it to reduce stake by 51 percent in subsidiary banks enabling them to raise capital.

The Reserve Bank of India bought foreign currencies worth Rs. 1,19,000 crore ($26.82 billion) in 2006-07, almost a three-fold rise from the previous year.

*May 18
A $500 million contract has been signed between Nokia Siemens networks and Idea cellular to expand and strengthen idea cellular’s network through value added services.

*May 30
Tata Steel the worlds sixth largest steel producer and Vietnam steel corporation has signed a Memorandum of Understanding (MoU) for setting up a 4.5 million tonne steel plant in Vietnam.

Getting decorated: Awards

*May 22nd
President A.P.J Abdul Kalam awarded certificates of honour to scholars of Sanskrit, pali, prakrit Arabic and Persian.

May 31st
Tata consultancy Services (TCS) has received the CII-Exim bank award for business excellence-2006.

Hire grounds: Appointments an commission

*May 17
Shoeb Ahmed has been appointed as Director-Commercial of Steel Authority of India Ltd (SAIL).

*May 31
General Electric Company India has appointed Tejpreet Singh Chopra as its new President and CEO (Chief Executive Officer).

Bats, balls and overalls: Sports

*May 25
AC Milan beat Liverpool 2-1 to win the Champions League title European footballs biggest prize for the seventh time.

*May 28
Two-Time Formula One champion Spain’s Fernando Alonso won his second successive Monaco grand prix.

...and everything else: Miscellaneous

*May 17
A Nepali mountaineer Apa Sherpa has broken his own record and has successfully climbed the 8,850 meters high Mount Everest for the seventeenth time.

*May 18
The 300 year old U.K banking group Barclays plc has launched retail banking in India.

*May 20
L. Vaidyanathan, music director of yesteryear and Kalaimamani awardee, expired at the age of 65.

Executive director of the escorts heart institute Dr.Naresh trehan quits Escort to join Apollo.

*May 27
International Cricket Council (ICC) President, Percy Sonn expired in Cape Town after being ill for the past few days.

*May 29
Japan’s Riyo Miro was crowned Miss Universe 2007.

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