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.