B-HIVE Sept 2013 | Page 3

NEWS BYTE Downslide of Rupee : Four Reasons why the Rupee is Depreciating 1.? Immense  stAenggh  of  Dollar  Index-­?  Record  seWing  perfor[ance  of  US   equities  and  improvement  in  the  labor  market   2.? Recession  in  Euro  market-­?  Owing  to  uncergaintB  in  Europe  and  slump  in   interbational  markets  keeps  away  investors.   3.? High  imporgs  and  Reduced  ExUorgs   4.? No  Balance  at  Balance  of  Pay[ents  :    CurAent  account  de?cit  of  around  4%   depleting  forex  resermes.     India’s Food Security Bill A?er  being  mooted  for  2  years  and  facing  lot  of  stAPggles  in  the   Parliament,  the  Food  SecuritB  Bill  is  ?nally  passed  in  the  Lok   Sabha  in  2013.  This  bill  gives  legal  right  of  food  to  70%  of  India’s   1.2  billion.   Microsoft Buys Nokia New Companies Bill Act, 2013 The  new  companies  bill  act  received  the  assent  of  the  President   on  29th  AugPst,2013  and  will  be  e?ective  Yom  1st  April,2014.