TESTFunda Weekly Newsletter 25th April

	25-Apr-13 TestFunda Home | Sign up for Newsletters | Feedback IN THE SPOTLIGHT • Weekly Dose of GK and Current Affairs from April 18th to April 24th This section will keep you abreast of all the important news and latest happenings around the world without looking at different sources across the internet. • 26th April @ 5 pm: Chat on smart preparation in CAT by Gajendra Kumar Learn wise ways to boost your preparation and get an edge over others in this chat with expert Gajendra Kumar. • Special Quiz on FactFiles on 27th April @ 7 p.m. Do you know who won the Bharat Ratna in 2011? Or who is the Prime Minister of Singapore? If not, here's your chance to judge your GK. Take our special GK Quiz exclusively on FactFiles. • Story Marathon Part 2 - Dates extended Last date of submitting your entries has been extended. Send your entries before April 27th. • TISS Results Announced Results for the TISS MA programmes have been announced. • Poll of the week: Which foreign language would you like to learn? Learning a foreign language is always desirable. But which one? Chinese? Spanish? Mandarin? or French? Cast your vote for your favorite foreign language and express your views. WHAT'S NEW @ TESTFunda!! CMAT Scholarship Do you feature among the top 40,000 ranks in Sept 2012 or Feb 2013 CMAT? Avail upto 60% off on all courseware. View the details here Get all the important alerts and notifications on your cell phone Exam Notifications|Quizzes|Contests|Waivers|Seminars SMS < TF START > to 9223051616 View the details here   THE WORLD THIS WEEK • Standing Committee on Coal and Steel says all coal blocks awarded after 1993 illegal The Standing Committee on Coal and Steel has said that all coal blocks distributed between 1993 and 2008 were done in an unauthorized manner and all personnel directly or indirectly involved in the allocation should be investigated. • Reliance Jio inks agreement with Bharti to share Telco Infra, Airtel acquires Warid Telecom Uganda Reliance Jio, owned by Mukesh Ambani has joined hands with arch rival Bharti Airtel to use the latter's i2i submarine cables for its 4G launch. Meanwhile, Airtel has acquired rival Warid Telecom Uganda, giving it a combined market share of almost 40% in Uganda. • Sahara India amongst top defaulters, owes Rs. 3,341.67 lakh to the Employees' Provident Fund Organization Sahara India faces allegations of owing Rs. 3,341.67 lakh as dues and is amongst the top defaulters of the Employees' Provident Fund Organization (EPFO). Sahara would likely face strong action from the EPFO. • Gold prices increase by Rs. 500 /10 gram on retail sales Gold prices increased by Rs. 500 in Delhi to reach 27,000 per 10 gram, on 20th April, after the recent meltdown in global bullion prices. The gold in New York climbed 1.4 per cent to 1,412.40 dollar an ounce and spurted one per cent to Rs. 26,069 per 10 gram on the MCX. The recovery of gold prices was backed by retailers buying it at attractive low levels. • Former Pakistani President Pervez Musharraf arrested Former Pakistan President Pervez Musharraf has been arrested for not cooperating with the police on a case registered against him for imposing an emergency in 2007 and detaining over 60 members of the superior judiciary, including chief justice Iftikhar Choudhry. Also, an anti-terrorism court investigating the murder of Benazir Bhutto has decided to probe Musharraf on the assassination. • Bengal Chit Fund boss Sudipta Sen held in Jammu and Kashmir Sudipta Sen, the owner of fraud chit fund group, has been arrested at a hotel in Jammu and Kashmir. Lakhs of investors and agents of Sen's Saradha group have hit the roads alleging they have been duped of over Rs 30,000 crore. Meanwhile, Trinamool Congress is facing accusations of being in close links with the fraud company, after Sen sent letters to the CBI, the finance ministry and SEBI listing politicians from Trinamool and a minister in Assam, who had alleged taken money from Saradha. The letters may reveal a nexus between politicians and fraud chit funds. • Banks invoke letters of credit worth more than 4000 crore to Mumbai-based Winsome Jewellers Standard Bank of South Africa, Standard Chartered London and Scotiabank and a dozen banks in India, from whom Mumbai-based Winsome Jewellers imported bullion, have invoked Letters of Credit (LCs) worth more than 4,000 crore, following the devolvement of LCs worth about 500 crore. Although many of the LCs are yet to reach their due date, the banks have invoked them on fear of falling gold prices. Winsome has moved the Bombay High Court to stay the invocation of LCs. 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