GK updates for 26-04-2014

Published on Saturday, April 26, 2014
We need to push forward talks on BIT: Powell

Outgoing U.S. Ambassador to India Nancy Powell said on Friday that the new Government post-polls could convene a Track 1.5 event during its first 100 days to begin a conversation on how to accomplish $500 billion in bilateral goods and services trade between the two countries. The development assumes significance as Indo-U.S. relations haven’t fully recovered from the impact of the Devyani-Khobragade episode.

ED charges Raja, Kanimozhi with money-laundering

The Enforcement Directorate on Friday filed a “prosecution complaint” before a Delhi court against former Telecom Minister A. Raja, Dravida Munnetra Kazhagam MP K. Kanimozhi and DMK chief M. Karunanidhi's wife Dayalu Ammal among others for money laundering in the 2G spectrum allocation case.

Forex reserves dip $31.6 million
After rising for seven straight weeks, India’s foreign exchange reserves declined by $31.6 million to $309.413 billion in the week ended April 18 on account of fall in currency assets. The total reserves had jumped by $2.79 billion to $309.44 billion in the previous week. Foreign currency assets (FCAs), a major part of the overall reserves, fell $16.2 million to $281.536 billion for the period under review, RBI said in its weekly statistical supplement on Friday

Nokia sets out to build Bridge with Chennai workers
With the 5.4 billion euro Microsoft-Nokia transaction finally coming to a close on Friday, the Finnish firm set about damage control, promising to bring in some elements of its famed Bridge programme to the employees of the Chennai plant.

Essentra India to expand into healthcare packaging
Foam and packaging products supplier Essentra Plc, on Thursday, announced that its Bangalore facility, where production began in November, would get into manufacturing for healthcare packaging shortly.

Action against 10 firms for violating poll norms
Election Commission to ensure that private companies granted their staff a paid holiday on Thursday, when Tamil Nadu went to the polls, many firms seem to have dodged probing eyes and continued to function.

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