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GK Notes - April
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GK Notes - April
Yamaha also announced that the company would launch new scooter model every year till 2016 in order to
strengthen the position in Indian markets. The second R&D centre will also be established by 2015 at
upcoming Chennai facility.
The bike will have the engine capacity of 100 cc or more. The first step of the plan is to develop the cheapest
bike of the world followed by the India-specific model. Later, it will be followed by global model.
The company planned to sell 7.1 lakh units of scooters as well as motorcycles in 2013, which will include 2.1
lakh exports. In 2012, Yamaha sold 4.9 lakh scooters and motorcycles.
TCS to buy French IT firm for Rs.530 crore
Tata Consultancy Services (TCS), announced that it had signed definitive agreements to acquire 100 per cent
equity in Alti SA, an IT services company in France. The deal, valued at 75 million euros (around Rs. 530
crore), is an all-cash transaction.
The deal is subject to customary closing conditions.
Alti SA has strong expertise in IT Services, including enterprise solutions, assurance and CRM solutions. It is
privately held and owned by its management and two private equity funds, CM-CIC LBO Partners and IDI. It
reported revenues of 126 million euro in 2012. Its customers include top French corporations in the banking,
financial services, luxury, manufacturing and utilities sectors. Alti has 1,200 employees based in France,
Belgium and Switzerland.
France is the third largest IT services market in Europe.
Annual Auto Sales in India Dropped 6.7 Percent; First Time in 10 Years: SIAM
The annual sales of car in India dropped down for first time in 10 years. In the time duration of 12 months up
to 31 March 2013, the auto sales sank 6.7 percent from 2012, according to the Society of Indian Automobile
Manufacturers (SIAM).
It is worth noticing that in the recent past, India was among the fastest growing car markets in the world. The
analysts also predicted that the auto sales in India would touch the 9 million benchmark by 2020. But between
March 2010 and October 2011, the Reserve Bank of India (RBI) increased the rate of interest 13 times. The
economic growth of India too slowed down giving a blow to the consumer demand.
The Indian economy grew by 5 percent in year till 31st March 2013, which is the slowest economic pace of
India in 10 years time.
WTO cuts 2013 global trade growth forecast to 3.3%
The World Trade Organization cut its forecast for global trade growth again as the economic slowdown in
Europe suppresses demand.
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General Knowledge
GK Notes - April
Global trade probably will increase by 3.3 percent in 2013 instead of the 4.5 percent expected in September.
WTO had previously forecasted 5.6 percent growth.
International trade rose 2 percent in 2012, down from 5.2 percent in 2011.
The events of 2012 should serve as a reminder that the structural flaws in economies that were revealed by
the economic crisis have not been fully addressed, despite important progress in some areas. Repairing these
fissures need to be the priority for 2013.
Hondas diesel car Amaze priced at Rs 5-7.6 lakh
Honda Cars India launched its entry-level diesel car Amaze that will compete with the likes of Swift Dzire,
Etios and Indigo of Maruti Suzuki India, Toyota Kirloskar Motor and Tata Motors respectively.
The price range starts from Rs. 5.99 lakh to Rs. 7.60 lakh (ex-showroom, New Delhi).
India is the first country to launch the Amaze with Honda's latest i-DTEC diesel engine technology.
EXCISE DUTY BENEFIT
The entry-level Sedan also qualifies for the excise duty benefit as any car with a petrol engine capacity up to
1.2 L or diesel engine up to 1.5 L, and which is less than four metres in length attracts a lower excise duty of
12 per cent. Cars of similar engine capacity, but exceeding 4 metres attract 24 per cent excise duty.
Honda Cars had already started bookings for the car in April, for which deliveries will be made from its 150
dealers across 97 cities.
The company will expand its dealers network to 162 facilities and 102 cities by end of this financial year.
GENERAL AWARENESS
India and Mauritius Sign MoU on Electoral Cooperation
India and Mauritius have signed a Memorandum of Understanding (MoU) in New Delhi, for cooperation in the
field of election management and administration.
The MoU was signed by the Chief Election Commissioner of India, Shri V.S. Sampath and the Electoral
Commissioner of Mauritius, Mr. Mohammad Irfan Abdool Rahman.
The major aims of MoU are:
1. Promotion of exchanges of knowledge and experience in electoral processes; exchange of information,
materials, expertise and training of personnel. 2. Production and distribution of materials pertaining to
electoral systems, voting technology, voters education and awareness and participation of women and
minorities in electoral process.
The MoU will help in strengthening and deepening mutual collaboration between ECI and the Electoral
Commissioners Office of Mauritius. Further it would facilitate sharing of best practices, skills and experiences
between the two institutions for mutual benefit.
Election Commissioner, Mr. Brahma offered the available expertise and facilities in India for strengthening the
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GK Notes - April
electoral system in Mauritius. Election Commission of India has so far signed seventeen MOUs with Election
Management Bodies and international organizations across the world. Some of the MoU signed recently are
with Egypt, Venezuela, Republic of Korea and UNDP.
Fourth meeting of India-Mongolia Joint Committee on Cooperation
The 4th Meeting of the India-Mongolia Joint Committee on Cooperation was held in New Delhi. It was jointly
chaired by E. Ahamed, Minister of State for External Affairs of India and Luvsannyam Gantumur, Minister for
Education and Science of Mongolia. The Joint Committee reviewed the entire range of issues in IndiaMongolia relations.
The Indian side conveyed that Indian companies were interested in playing a larger role in the Mongolian
mineral processing and mining industry and expressed the hope that a favourable environment for their
operations could be created.
The Indian side reiterated its support for Mongolias development processes and reaffirmed that it is
modernising the Rajiv Gandhi Polytechnic College of Production and Art in Ulaan Bator. The Indian side is
also considering setting up a milk processing plant in Mongolia. Implementation of the Line of Credit of US
$20 million extended by India to Mongolia for setting up an India-Mongolia Joint Information Technology
Education and Outsourcing Center in Ulaan Batar was discussed.
India and Russia signed Regulation of Cooperation Agreement at Moscow
The Union Government of India and the Government of the Russian Federation signed a regulation defining
the structure, functions and procedure of the Joint Commission. The regulation was established by an
agreement, which was signed on 21st December 2010 in New Delhi in the field of Emergency Management.
Importance of the agreement signed:
This will set an environment between the two countries to help each other at times of emergency in
prevention and elimination of consequences.
It will strengthen the Indo-Russian cooperation as well as the bond of friendship between the two nations.
The agreement will enhance cooperation in the field of emergency management and contribute in ensuring
the safety and well-being of the people of both countries at times of disasters. Both the countries will also
exchange technical and scientific information in areas of emergency management that is mutually beneficial
for both sides.
Indo-Russian Commission is the body that will look forward for proper implementation of the agreement to
catalyze the cooperation between the two nations.
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GK Notes - April
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To generate cooperation and support among the Asian Parliamentarians in different areas like
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GK Notes - April
Radioisotope is a radioactive isotope which is used in physical and biological researches and therapeutics.
The radioisotopes which are produced in Iran are mainly used for diagnosis and treatment of various cancers
or are used to alleviate cancer-related pains.
President Ahmadinejad delivered a speech in which he said that Iran would push ahead with its nuclear
program.
Today, Iran has gone nuclear, and no one can take it away from us, he said, adding, No one is able to put
the brakes on the countrys nuclear achievements.
Iran to build new nuclear powers plants
Atomic Energy Organization of Iran (AEOI) director Fereydoun Abbasi also said in the ceremony that
preparations had been made to start the construction of at least two 1000 megawatt nuclear power plants
during the current Iranian calendar year, which started on March 21.
Commenting on the proposal put forward by world powers in the previous round of talks in Almaty on
February 26 and 27, Abbasi said that Iran would continue producing enriched uranium to a purity level of 20
percent as much as it needed.
According to the New York Times, the major powers demanded that Iran suspend enrichment work at the
Fordo facility - where it enriches uranium to 20 percent - and agree to unspecified conditions that would make
it hard to quickly resume production. They also said Iran could continue to keep a small amount of uranium
enriched to 20 percent for use in the Tehran research reactor, which produces medical isotopes for cancer
treatment.
We produced 20 percent enriched uranium to keep the Tehran research reactor operational, and we will
produce it as long as we need this fuel, and in view of the fact that we plan to build five new research reactors
in the country, we need to continue producing this fuel, Abbasi said.
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