Lokpal Bill passed in Rajya Sabha through voice votes
- It will provide forming of an independent ombudsman to investigate against corruption against public functionaries
- Prime Minister is also included in it with some conditions
Tesco puts application for Multi-Brand Retail
- FIPB (Foreign Investment Promotion Board) receives application from British Giant Tesco
- Tesco is world’s third largest retailer
- Tesco applied for 50% stake for USD 110 Million in Tata’s Trent
- Trent operates Star Bazar Hypermarket Chain
- The FDI policy permits a maximum of 51% stake in Indian Multi-Brand Retail Company subject to condition like minimum investment of USD 100 Million, 50% investment in backend infrastructure, 30% mandatory sourcing of products from small industries
- Tesco H/O: Cheshnut, United Kingdom
- Trent H/O: Mumbai, Maharashtra
- Trent operates Westside, Landmark which is a book store
AAP to conduct rally to gather people opinion
- Arvind Kejriwal will do a rally campaign to gather people’s opinion on forming Government
M.M. Kutti is new Finance Secretary of Delhi Government
Union Rural Development Minister announced major changes in UPA Flagship Programme, MGNREGA
- Job Card holders to get Rs. 10,000 to build toilets instead of Rs. 4,500 now.
- Compensation to those if payment gets delayed by more than 15 days, and responsible officers to be punished.
- Union Rural Development Minister: Mr. Jairam Ramesh
RBI comes out with a corrective plan to minimize NPA’s
- CRILC: Central Repository on Information on Large Credit to be formed
- Banks need to inform CRILC of loan amount of Rs. 5 Crore or more and Current Account Outstanding of Rs. 1 Crore or more
Australia regains The Ashes
- Australia leads the 5 match series 3-0
- England batsman Stoke’s century in 2nd innings goes in vain
