Competition Commission of India imposes
heavy Penalty on Real Estate
Giant DLF
The Competition Commission of India (CCI)
imposed a heavy
penalty of
Rs.630 Crore on real estate giant DLF
for abusing its leading position
CCI issued a cease and desist order
against imposing unfair conditions on the
buyers of its flats
The Commission considered it appropriate
to impose penalty at the rate of 7 per
cent (totalling Rs.630.43 crore) of the
average of the turnover for the last three
preceding financial years on OP-1 (DLF)
Kendra Sahitya Akademi Awards for
Children’s Literature
6 novels, 5 collections of short
stories, 7 books of poetry and 1 book of folk tales and
plays in 24 Indian languages were
selected for the 2011 Kendra Sahitya
Akademi
Awards for Children’s Literature
The awards comprise a prize purse of
Rs. 50,000 and a copper plaque
Bala Sahitya Puraskar for lifetime
contribution to children’s literature:
Sailen Ghosh (Bengali), Shyam Dutt
Parag (Dogri), Ramesh Parekh (Gujarati),
Harikrishna Devsare (Hindi) and
Maheswar Mohanty (Oriya)
Poetry:
Gh. Nabi Aatash (Kashmiri), Snehalata
Rai (Nepali), Darshan Singh Asht (Punjabi),
Abhiraj Rajendra Mishra (Sanskrit),
Nuhum Hembram (Santali), M.L. Thangappa
(Tamil) and Aasil Aseer Dehlavi (Urdu)
Short-Story Writers:
Maheswar Narzary (Bodo), Mayanath Jha
(Maithili), Dileep Prabhavalkar (Marathi),
Harish B. Sharma (Rajasthani) and M.
Bhoopal Reddy (Telugu)
Novelists:
Bandita Phukan (Assamese), Siddhartha
Sarma (English), Hundraj Balwani (Sindhi), N.
D’souza (Kannada), Gajanan Jog
(Konkani) and K. Pappootty (Malayalam)
Shantibala Devi (Manipuri) was chosen
for her book of folk tales and plays
FITCH ratings sustains AAA status to US
FITCH, a leading International credit rating agency, has
confirmed the AAA status of United States
Fitch Ratings believes that the US dollar’s
position as the global reserve currency
means it can tolerate higher debt to GDP
levels than other ‘AAA’ rated sovereigns
It means that the wealth and the financial
suppleness of US as one of the world’s
most trustworthy borrowers preserves
The move is a reflection of the pivotal
role of United States in the global financial
system and the role of dollar as the
reserve currency
The FITCH ratings virtually amount to a
vote of confidence for Washington’s
Deficit reduction efforts
The agency however, said that it will
revisit its decision at the end of the year.
Two weeks ago, Standard and Poor had
downgraded US ratings to double AA+
The S&P downgrade of the US had led to
volatility in the global stock markets
Earlier, Moody’s Investor Services have
confirmed its AAA rating on US but
assigned a negative outlook
Rajya Sabha takes up impeachment
proceeding against Justice Soumitra
Sen
Rajya Sabha initiated the impeachment
proceedings against Justice
Soumitra Sen of the Calcutta High Court on
two grounds of
misconduct
The charges include misappropriation of
large sums of money,
which he received in his capacity as
receiver appointed by the
Calcutta High Court as a lawyer in 1984
and misrepresentation of
facts before the court
The motion for the removal of Justice Sen
was moved in the house by Mr Sitaram
Yechury and Mr Prasanta Chatterjee, both
CPIM and Mr Arun Jaitley of the BJP
A total of 58 members from Rajya Sabha had
represented for removal of Justice
Sen from his office
A Universal Health Insurance Scheme being
devised by the Planning
Commission
The Planning Commission is framing up a
blue print for a Universal Health
Insurance Scheme
Scheme to provide a least amount of health
cover to everyone in the country
Rashtriya Swasthya Bima Yojna -RSBY is at present available for all BPL
families
and other additional categories
Under RSBY, below poverty line households
are provided health insurance cover,
which entitles them to hospitalisation
coverage of up to Rs 30,000
Beneficiaries under RSBY need to pay only
Rs 30 rupees as registration fee, while
the central and state governments pay the
premium to the insurer
The Commission has also called for increase in public expenditure
on health to 2.5% of GDP per annum by the end of 12th Plan (2012-17)
from the present level of 1.4%
In order to impart training to workforce
in MSME sector, Govt to set up 50
new Training Centres
Government to set up over 50 new training
centres
for upgrading skills of workforce in the
micro, small
and medium enterprises, MSME sector
The National Skill Development Corporation set
up by the Government aims to provide skill
training to
150 million persons by 2022
Out of the 150 million people, 15 million
will be provided skill development
training
At present, 10 training centres are being
operated in the states including Kolkata,
Ludhiana, Ahmedabad, Bhubaneswar and
Jamshedpur.
U.S. tobacco companies sue Federal
Government over graphic warning
labels
Four major U.S. tobacco companies sued the
US Federal Government
The companies alleged that forcing them to
put graphic warning labels on
cigarette packages is unconstitutional
As per the companies, the new rules violate their right to free
speech
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