Knowledge Diary – 4th July 2013, Thursday

  • Congress and JMM move closer to government formation:  In Jharkhand, Congress and JMM move closer to government formation with Hemant Soren holding a long meeting with AICC general secretary BK Hari Prashad.
  • Political gimmick in a hurry: Critical of the hurried clearance of the Food Security ordinance, BJP president Rajnath Singh said the UPA government was just doing a “political gimmick in a hurry” before the 2014 general elections.
  • RBI governor D Subbarao declared that central bank is also “very conscious” of the need to be supportive of economic growth and for that finance minister P Chidambaram’s call to banks to pass on the benefit of rate cuts to customers.
  • Telangana meeting evokes bad response: A Roundtable meeting on Telangana in Delhi turned out to be damp due to the leaders of the Telangana Political Joint Action Committee (TJAC), who hosted the meeting, are to be blamed for the poor turnout.
  • Government has lastly got cracking on harmful drugs combination in the market, directing pharma manufacturers to prove their safety and efficacy claims.
  • JDU revokes suspension of three MP’s: After breaching from the NDA, the JD (U) is charting its course of action and rules to contest all the 40 Lok Sabha seats in Bihar on its own unless there is some last minute understanding with any political party.
  • YouTube invests in Vevo: YouTube and Vevo renewed the partnership and said that it has made an investment in Vevo, an online music video hub that provides some of the most popular content on YouTube.
Youtube and Vevo
Youtube and Vevo
  • IBM and JET Airways will manage customer call centre: Two big companies IBM and Jet Airways sign a 10 year call centre contract deal to provide contact centre and back-office services for the airline’s 11 lines of business such as domestic and international reservations, Jet Privilege program, cargo, refunds and helpdesk services.
  • France eases visa norms for Indian students: At a time when the UK is considering hefty visa cash bond raising concerns here, France announced a slew of India-specific measures, including easing visa norms for those wanting to pursue higher education.
  • IT tax flows to rise: The government’s notification on Tuesday that allows SEZs and units operating in them to not pay service tax – instead of paying the tax and then claiming refunds – is expected to eliminate a major source of pain for IT companies and perk up their cash flow.



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