CURRENT AFFAIRS AUG 4, 2011

Single-window Clearance System approved by SEBI for prior approvals

Securities and Exchange Board of India (SEBI) approved a single-window clearance

system for market entities like stock brokers, for grant of prior approval for change in

control of their management structures

Objective: To speed up the process of allowing prior approval (in case of change of

control) and a move aimed at doing away with unnecessary rules and red-tapism

New Lokayukta of Karnataka: Former Supreme Court Judge Shivraj V Patil

Justice Shivraj V Patil (Former Supreme Court Judge) sworn in as the new

Lokayukta of Karnataka

He succeeded Justice N Santosh Hegde who vacated office after completing 5-year tenure

‘Industrial Outlook Survey for the July-September 2011′ launched by RBI

RBI launched its Industrial Outlook Survey for the July-September 2011 period

Centre for Research Planning and Action (CERPA) was imparted the

responsibility for conducting the research on behalf of RBI

The Industrial Outlook Survey provides for an insight into the perception of nonfinancial

public and private limited companies that are engaged in manufacturing

activities about their performance and future prospects

The survey aimed to provide useful forward looking inputs for policymakers,

analysts and businesses

Since 1998, RBI has been conducting the Industrial Outlook Survey on a quarterly basis

CCEA approves equity infusion of `

1,200 Crore rupees into Air India

Cabinet Committee on Economic Affairs (CCEA) approved an equity infusion of `

1,200 Crore into Air India

Objective:

Ease the cash flow situation of the Company

Prevent borrowings from market at high cost

Lokpal Bill introduced in the Lok Sabha

The Lokpal Bill was introduced in the Lok Sabha on August 4, 2011

Proposed legislation to pave the way for creating a mechanism for citizens to

approach newly created anti- corruption watchdog with complaints against

officials, bureaucrats and Union Ministers

Bill introduced by the Minister of State for Personnel, Mr. Narayan Swamy

Current Affairs : August 4, 2011

2011-08-04 18:08:50 GKToday

www.gktoday.in

Leader of the Opposition Sushma Swaraj raised the issue of non-inclusion of Prime

Minister under the Lokpal

The Lokpal to have a Chairman with 8 members to assist him

The post of Prime Minister and Senior Judiciary kept out of the ambit of the Bill

Bill to now go to the Parliamentary Standing Committee for comprehensive

discussions

Panama flagged vessel MV RAK CARRIER sinks off Mumbai coast

A Panama flagged vessel MV RAK CARRIER sunk 20 nautical miles off the Mumbai

coast

Following the distress signal, Navy and Coast Guard promptly swung into action

and saved the lives of all the 30 crew members

Samudra Prahari , Indian Coast Guard’s oil pollution response vessel has been

asked to remain in the area and monitor any likely oil spill

In order to identify water resources in Country, `

140 Crore invested by Dept. of Science & Technology

Rs. 140 Crore rupees invested by the Department of Science & Technology on a

project to identify Water resources in the country from which unusable water will

be extracted and made drinkable

Centre to identify 25 clusters in the country where there are various kinds of

challenges in providing drinking water including contamination

Department also looking for a Company that will be able to make water available

at 20 Paise per litre

Centre plans Economic Census

Centre planning to conduct the 6th Economic Census

Census will be in collaboration with the States and Union Territories in 2012

Cover all enterprises engaged in various economic activities in both organised and

unorganised sectors of the economy

The information collected, would provide a framework for follow up action for

planning and development, especially for the unorganised sector of the economy