Current Affairs Business News

Current Affairs – Business News – General Knowledge
Posted by Manas on July 1st, 2013

1. The Delhi Metro has taken over the operations of Airport Express link in Delhi from Sunday midnight as Reliance Infra refused to run the Metro line. Earlier, Reliance Infra owned Delhi Airport Metro Express Private Limited (DAMEPL) had written a letter to DMRC last week expressing its inability to continue operations of the Airport Express link.

2. Suresh Kalmadi lost Presidential re-election of the Asian Athletics Association to his competitor Qatar’s Dahlan Jumaan Al-Hamad by 18-20 on the opening day of the continental body’s two-day Congress in Pune. He is currently out on bail after spending 10 months in jail for his alleged involvement in the Commonwealth Games scam. The new President, Al Hamad is the Qatar Athletics Federation President and is also senior vice-president of the Asian body.

3. In order to strengthen its safeguards against money laundering, the Reserve Bank of India (RBI) has issued the master circular revising certain guidelines related to bank Know Your Customer (KYC) policy today. It suggests creating Unique Customers Identification Code (UCIC) while bringing changes in new account opening process. As per RBI master circular on KYC/Anti Money Laundering (ALM), “The increasing complexity and volume of financial transactions necessitate that customers do not have multiple identities within a bank, across the banking system and across the financial system. This can be achieved by introducing a unique identification code for each customer”.

4. INS Trikand, built in Russia, was commissioned into the Indian Navy at Kaliningrad, Russia by Vice Admiral R K Dhowan, the Vice Chief of the Naval Staff, Indian Navy. INS Trikand carries a state-of-the-art combat suite, which includes the supersonic 290-km BrahMos missile system, Shtil advanced surface-to-air missiles, an upgraded A-190 medium range gun, an electro-optical 30-mm close-in weapon system, anti-submarine weapons such as torpedoes and rockets and an advanced electronic warfare system. INS Trikand is the last of the six stealth frigates ordered from Russia. The Navy had earlier inducted three 4,000-tonne Talwar-class stealth frigates (Talwar, Trishul and Tabar) from Russia in 2003-2004.

 

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