v Reflecting
subdued economic sentiments GDP figures shared growth dipping to a decade’s low
of 5% in 2012-13, while improvement in fiscal deficit gave relief to government.
v With
spiraling Gold imports putting huge pressure in the Current Account Deficit (CAD),
the government has hiked the import duty on the gold to 8% from 6%.
v The
Centre has approved a legislation seeking to setup a regulator for the real
estate sector to protect the interest of home buyers. It provides jail term of
up to three years for private developers for cheating customers with false advertisements.
v Missile
scientist Avinash Chander, the man behind India’s 5000 km range Agni missile
and is smaller range variants, has been appointed as the Director General of Defense
Research and Development Organization (DRDO).
v The
Central Information Commission (CIC) has ruled that political parties are
covered Right to Information (RTI) Act.
v IT
major Infosys, which has been grappling with dwindling revenues in the last
nine quarters, has recalled its 66-year-old co-founder and Chairman Emeritus N
R Narayana Murthy as the executive
Chairman of the company, seven years after his retirement.
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