Salwa Judum

 

SalwaJudum (literally "purification hunt") is a state sponsored counterinsurgency campaign started in Dantewada district of the Indian state of Chhattisgarh in 2005, which involved vigilante gangs accompanied by state security forces burning villages, killing people and forcing them into camps, as part of an effort to counter Naxalites (Maoist guerrillas).On July 5, 2011, the Supreme Court of India declared the militia as illegal and unconstitutional. The court directed the Chhattisgarh government to recover all the firearms given along with the ammunition and accessories. It also ordered the government to investigate all instances of alleged criminal activities of Salwa   Judum.Various reports critiquing the Salwa Judum are-

• The PUCL report
• ACHR report
• IAPL report
• Human Rights Features report
• Planning Commission report
• Independent Citizens' Initiative

Solved Que.

1.Which of the following is not a function of a commercial bank?
(1) Providing project finance
(2) Selling Mutual Funds
(3) Deciding policy rates like CRR, Repo Rates/SLR etc.
(4) Settlement of payments on behalf of the customers
(5) Providing services such as locker facilities, remittances etc.
Ans: (3)
2. An IPO is - 
(1). initial price offered by a private limited company to its shareholders
(2) an offer by an unlisted company for sale of its shares for the first time to the public
(3) used to increase the share capital of an unlisted company
(4) a book building process
(5) none of these
Ans: (1)
3. Private equity investors, invest in a company based mainly on- 
(1) the age of the company
(2) the location of the company
(3) the activity undertaken-by the company
(4) the credibility and the valuation of the company
(5) the existing profitability of the company
Ans: (4)
4. ‘Sub Prime Lending' is a term applied to the loans made to-
(1) Those borrowers who do not have a good credit history
(2) Those who wish to take loan against the mortgage of tangible assets
(3) Those who have a good credit history and are known to bank since 10 years
(4) Those borrowers who are most preferred customers of the Bank
(5) None of these
Ans: (1)
5. Which regulatory body on 16 August 2011 suggested that the Centre and the State governments should come out with a regulatory framework for the realty sector to protect consumers from unfair trade practices?
(1) IRDA
(2) SEBI
(3) FICCI
(4)Assocham
(5) CCI
Answer: (5)

Axis Bank launches e-Wallet card

         Axis bank has launched e-wallet card,an innovative solution for online payments.The card is an electronic payment service offered free of cost by the bank to its customers.It works like any other credit or debit card for making online payments.It can be created instantly,using Axis bank’s internet banking , & can be used for making payments on all websites that accept visa cards.

Eight Indian Companies featured in World's 500 Largest Companies compiled by Fortune Magazine

Eight Indian companies, including Indian Oil Corporation (IOC) and Mukesh Ambani-led Reliance Industries Limited (RIL) featured in the list of the world's 500 largest companies compiled and released by Fortune magazine on 11 July 2011. The other Indian companies on the list are: SBI (282), BPCL (307), HPCL (354), Tata Steel (410), ONGC (413) and Tata Motors (442).

Indian Oil is at the 98th spot, up from 125th place last year. Mukesh Ambani-led Reliance Industries also improved its ranking from previous year's 175 to 134th position. Indian Oil raked in annual revenues of USD 68,837 million while that of Reliance Industries stood at USD 58,900 million.

In the latest ranking, except State Bank of India, all other entities have improved their positions. 
Tata Motors has made an entry into the list for the first time this year. The list also features Citigroup, ArcelorMittal, Pepsico and Motorola, led by people with Indian roots.

Out of the eight Indian companies in the list, five are state-run entities.

Fortune's global list of world's 500 largest companies for 2011, compiled on the basis of latest annual revenue figures, is topped by retail giant Wal-Mart Stores. The retailer had annual revenues of USD 421,849 million.

Wal-Mart Stores is followed by Royal Dutch Shell (USD 378,152 million) and Exxon Mobil (USD 354,674 million) at second and third positions, respectively.

The other companies in the top ten are as follows: BP (4), Sinopec Group (5), China National Petroleum (6), State Grid (7), Toyota Motor (8), Japan Post Holdings (9) and Chevron (10).

Prahar missile successfully test fired

“Prahaar” the new surface-to-surface missile with a range of 150 km, was test-fired for the 1^st time from the integrated test range at Chandipur,Orissa. Prahaar carries a 200-kg conventional warhead. Prahaar can carry different types of conventional warheads. Six Prahaar missiles can be launched in salvo mode in different directions. The missile has a quick reaction time, that is, it can be launched within a few minutes. It has sophisticated inertial navigation, guidance and electro-mechanical actuation systems. Its onboard computer helps it to home in on the targets with an accuracy of 10 metres.