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was India's first unmanned lunar probe launched by the Indian Space Research
Organisation in October 2008, and operated till August 2009. 2. The spacecraft
was launched by PSLV-C11 from Satish Dhawan Space Centre, Sriharikota, Nellore
District, Andhra Pradesh. 3. The
Chandrayaan-1 mission was aimed at high-resolution remote sensing of the moon
in visible, near infrared (NIR), low energy X-rays and high-energy X-ray
regions. 4. The objectives
of the mission were: to prepare a three dimensional atlas (with high spatial
and altitude resolution of 5-10 m) of both near and far side of the moon; to
conduct chemical and mineralogical mapping of the entire lunar surface for
distribution of mineral and chemical elements such as Magnesium, Aluminum,
Silicon, Calcium, Iron and Titanium as well as high atomic number elements such
as Radon, Uranium & Thori…
Advisory Group on Asset Reconstruction Firms favoured $20 billion Limit for Investments by FIIs
A government-appointed advisory group on asset reconstruction firms
that submitted its report to Finance Minister Pranab Mukherjee favoured
$20 billion limit for investments by foreign institutional investors(FIIs) in
security receipts (SRs) issued by securitisation firms. The report of
the advisory group also recommended a subcap of 10% participation by
foreign institutional investors in SRs be removed.
Security receipts are the ones issued by a securitisation company
for a period of seven years to qualified institutional buyer or banks
as they do not pay cash upfront.
The advisory group constituted to look into the condition of
ARCs, in its report recommended that reconstruction firms should be
allowed to buy performing loans from banks, arrange them in groups, and
issue bonds on such groups or securitise in banking parlance.
RBI rejected the proposal to allow ARCs deal with h…
Railway Budget Highlights 2012-13
Introduction of satellite based real time train information system
(SIMRAN) to provide train running information to passengers through SMS,
Passenger fares increased marginally. The increase will be by 2 paise
per km for suburban and ordinary second class; 3 paise per km for
mail/express second class; 5 paise per km for sleeper class; 10 paise
per km for AC Chair Car, AC 3 tier and First Class; 15 paise per km for
AC 2 tier and 30 paise per km for AC I.
Minimum fare and platform tickets to cost Rs. 5.
50% concession in fare in AC-2, AC-3, Chair Car & Sleeper classes to
patients suffering from ‘Aplastic Anaemia’ and ‘Sickle Cell Anaemia’.
Extending the facility of travel by Rajdhani and Shatabdi trains to Arjuna Awardees.
SMS on passenger mobile phone in case of e-ticket to be accepted as proof of valid reservation.
On board passenger displays indicating next halt station and expected arri…