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February 11 Current Affairs


India signs tax treaty with British Virgin Islands

At checking the growth of black money and the same being stashed abroad, India announced it had entered into a pact with the British Virgin Islands for exchange of information to check tax evasion and money laundering.

This is the third Tax Information Exchange Agreement (TIEA) — as it is known in the parlance of the Organisation for Economic Co-operation and Development — signed by India. “India and British Virgin Islands have signed a Tax Information Exchange Agreement (TIEA) in London

International Summit on Water

A two-day International Summit on Water organised by Indian Water Works Association, Bangalore Centre, jointly with MECON Ltd., a Government of India enterprise, will commence here on February 11.


MMRCA contract may be signed by September

Medium Multi Role Combat Aircraft (MMRCA) is expected to be taken next month and the contract could be signed by September this year. Outlining the roadmap for the acquisition of 126 planes, Chief of Air Staff P.V. Naik said

Padmaraj commission

The constitution of the Justice B. Padmaraj Commission of Inquiry to go into cases of illegal allotment of land and sites and denotification of land in Karnataka.

Cabinet approves Rs.1,100 crore fund infusion for RRBs

The Union Cabinet approved capital infusion of Rs.1,100 crore for regional rural banks (RRBs) for improving their capital adequacy ratio.

“The share of the Central Government, that is, Rs.1,100 crore, will be released as per provisions made by the Department of Expenditure in 2010-11 and 2011-12,'' Information and Broadcasting Minister Ambika Soni told.


L&T forms venture with Cassidian

Larsen & Toubro (L&T) and Cassidian, the recently renamed division of EADS, the European defence and aerospace conglomerate, announced the formation of a joint venture to address the Indian defence market.

New MD & CEO for ICICI Securities

The board of directors of ICICI Securities has appointed Anup Bagchi Executive Director, ICICI Securities, as Managing Director & CEO effective May 1. Madhabi

Puri-Buch, now Managing Director & CEO will move to ICICI Bank also effective May 1.

Health insurance policy portability from July 1

Insurance Regulatory and Development Authority (IRDA) on Thursday allowed them portability — shifting policies from one insurer to another on same terms — from July 1.

“The authority has examined various issues involved in the portability of the health insurance plan and has issued the necessary orders for effecting portability which will be implemented from July 1,” IRDA says in a statement.

Microsoft India chief quits

Microsoft India Chairman and Corporate Vice President Ravi Venkatesan has resigned, Microsoft said.

Mr. Venkatesan has decided to pursue opportunities outside Microsoft, Microsoft said in a statement.


ISO certification awarded to BSNL

Cellular mobile services of Tamil Nadu Circle of Bharat Sanchar Nigam Limited (BSNL) have been awarded ISO 9001:2008 certificate.



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