LAKSH Career Academy

LAKSH Career Academy
Author: Hiren Dave

Tuesday, 21 January 2014

21 JANUARY 2014

Ø  The International Atomic Energy Agency said in a report to member states that Iran “has ceased enriching uranium above five per cent” fissile purities at the Natanz and Fordo facilities.
Ø  The 4000-km range nuclear capable ballistic missile ‘Agni-IV’ was successfully test-fired on Monday, making it ready for induction into the Army.

Ø  The Cabinet approved the setting up of an electric locomotive factory at Madhepura and a diesel locomotive factory at Marhoura at an estimated cost of Rs.1,293.57 crore and Rs. 2,052.58 crore. These units will have limited equity contribution from the Railway Ministry, and the Ministry will choose a reputed international manufacturer as its partner through a bidding process. The Cabinet gave the green light for the setting up of the ad hoc rail tariff authority as an advisory body, pending amendment to the Railway Act, 1989.

Ø  The Reserve Bank of India (RBI), on Monday, said that it had been decided to prescribe a loan-to-value (LTV) ratio of not exceeding 75 per cent for banks’ lending against gold jewellery, including bullet-repayment loans against pledge of gold jewellery.

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