Securing 129 out of 193 votes in the United Nations General Assembly – exactly the two-thirds majority required to win the seat, Pakistan will now be a non-permanent member, replacing Lebanon, of the United Nations Security Council in a term that begins on January 2012 and will end in December 2013.
China’s state – run news media warned Washington on 6 January 2012 not to “recklessly practice” or engage in “war mongering,” a day after the Obama administration outlined a new military strategy with an increased focus on China.
India and Pakistan are strengthening business links in 2012, with the stage set for start of trading in electricity and petroleum products. Officials from the two countries have decided to trade in electricity through a specially – built high voltage direct current link between Amritsar and Lahore. The plan is to transfer 500MW through the Punjab border with the tariff linked to the market rate.
The controversial 2G note that suggested P Chidambaram as finance minister could have seized the telecom scam, was issued with the approval of the Prime Minister’s Office ( PMO ), top ministry officials told the Joint Parliamentry Committee ( JPC ) on 11 Januray 2012. ” The committee was also told that the word “perusal” had replaced “approval” in the context of finance minister Pranab Mukherjee’s scrutiny of the note in an internal noting just two days before the “backgrounder” was readied.
The Union government approved Reliance Industries’ (RIL) $1.529 billion investment plan for developing four satellite fields in the declining KG-D6 block on 3 January 2012. RIL’s investment plan will boost falling output in the Krishna-Godavari Basin KG-D6 block . Growth in Direct Tax collection down by 8.3%”.
Annual growth in net direct tax collection slowed to 8.3% during the first nine months of the fiscal year amounting to Rs. 3,23,955 crore, raising concerns about the centre’s ability to meet its revenue targets.
It will help Indian banks, other entities raise overseas deposits at finer rates.Global rating agency Moody’s on Jan. 10, 2012 has upgraded the country’s rating of short term foreign currency bank deposits from ‘speculative’ to ‘investment’ grade. Since December 20 last year, this is the fourth upgrade by Moody’s Investor Service, which is expected to help Indian banks and other entities in raising overseas deposits at finer rates.
Minister for Minor and Lift Irrigation T.G. Venkatesh has been elected the new president of Andhhra Pradesh Badminton Association ( APBA ) on 8 January 2012.