Current Affairs 12 march 2015

India and Mauritius ink five MoUs to boost bilateral co-operation

India and Mauritius have inked 5 Memoranda of Understanding (MoU) to give new impetus to bilateral co-operation. These MoUs were signed in Port Luis, Mauritius during Prime Minister Narendra Modi’s visit to island nation as part of three-nation tour of Seychelles, Mauritius and Sri Lanka for cementing strategic partnership with these island courtiers.

Delhi government decided to enhance financial powers of bureaucrats

Administrative secretaries will now be able to clear, the works and schemes which cost up to 10 crore rupees without taking nod from the Finance Department. The existing cap was 5 crore rupees.

India and Seychelles signed four agreements to boost security cooperation

Modi also launched the Coastal Surveillance Radar Project in Seychelles, describing it as another symbol of the cooperation between the two countries.

Google CFO Patrick Pichette announced his retirement

Pichette joined Google as CFO since August 2008 when Google was roiled by the economic downturn caused by the financial crisis.

Indian Railways signed MoU with LIC for implementing Railway projects

Under this MoU, LIC will make available a Financial Assistance of 150000 crore rupees to the Indian Railways for implementing Railway projects.

Union Government appointed Nine Executive Directors in Public Sector Banks

The appointments were approved by the Appointments Committee of the Cabinet on the recommendation of selection panel headed by the Reserve Bank of India Governor Raghuram Rajan.