CURRENT EVENTS UPDATE

AWARDS; CURRENT EVENTS

FabMart.Com a finalist at the India Retail Forum 2012 for the Best Retail Innovation award, introduced ‘RU-BAN’ the retail model that is aimed at bridging the retail gap between ‘rural-urban’ India.

AUSTRALIA AWARD:

World famous cricketer SachinTendulkar is honored with “ORDER OF AUSTRALIA MEMBER SIHIP”

 AGRICULTURE AND ECONOMICS OF ANDHRAPRADESH, INDIA AND WORLD.

INTER NATIONAL MONETARY FUND (GLOBAL ECONOMIC REPORT)

In its report issued earlier this month, the International Monetary Fund (IMF) trimmed its global economic growth forecasts for 2012 and 2013. The report said that the macroeconomic situation will deteriorate due to the deepening debt crisis in Europe and a possible “fiscal cliff” in the United States.

According to the report, the world economy will grow 3.3 percent this year, and 3.6 percent next year.

OECD Chief ANGEL GURRIA

The world faces a "dangerous" cocktail of low growth and high unemployment, OECD Chief ANGEL GURRIA said Tuesday, after the global body warned of weak prospects for major economies.

The Organization for Economic Cooperation and Development (OECD), in its latest global overview, said this month leading indicators for the 34-nation body point to "weakening growth in coming quarters" for most major economies.

"You have a problem of high unemployment especially among the youth — growing inequalities and low growth — and in some cases contracting growth," Gurria said at an OECD conference in New Delhi on measuring global wellbeing

Some 50 million people are unemployed in OECD countries — 15 million more than in 2008,
 Unemployment in Greece is at a record 25.1 per cent as its economy contracts, while in Spain the jobless rate is 24.6 percent as the government implements austerity measures to fend off a sovereign bailout

World Oil and gas conference is conducted in New Delhi.

Conference Concept: Securing Growth – Energy & prosperity  

 A glass masque was built in the state capital of Meghalaya (SHILLING).  This is the first masque in India built with glass.

The expenditure on biodiversity in India is 11000 core rupees.

ANDHRA PRADESH is the first place to used fertilizers in agriculture in India.  It is used

In 2011-12 = 252.8 kg per hectare.  This year it is increased to 275 kegs

.RUSSIA AND CHINA NEW DEAL

Russia is the leading producer of heavy copters in the world

Russia and China are working on the design of a new heavy helicopter, according to an announcement at the close of the International “Innoprom”-2010 exhibition held in Yekaterinburg. 

The design of the 30-ton copter is being done with the Chinese Avicopter company.

The Russian Helicopters Holding- a subsidiary of the “Oboronprom” corporation is in charge of production, marketing, modernization, after sale servicing and integrated backup of the military and civilian versions of the copter.

 Russia is working closely with China in the production of the Mi-26 type of copter, which has been awarded high marks by China during its participation in rescue work following the quake in Sichuan in May 2008. 

 Russia is the leading producer of heavy copters in the world,

UNITED STATES OF AMERICA

The US carries on its hypersonic projects in a bid to create hypersonic weapons. The US Air Force's experimental X-51A Waverider could someday lead to weapons that would be able to strike targets anywhere in the world in as little time as one hour.

RUSSIA

A new-generation tank designed on the basis of the “Armata” Universal Combat Platform will enter service in 2015.

According to the Commander of the Russian Ground Forces Vladimir Chirkin, the tank’s trial model will roll off the assembly line in 2013.

Russia will pass its first short-range intelligence-gathering drones into service in 2013. 

The Russian armed forces are currently using Israeli-made Bird Eye-400 drones of the same class, as well as Searcher MK2 drones that operate on trial basis at the Mozdok-based reconnaissance brigade.

Russian weapons will fire only in the hands of their legitimate owners. A unique system of control over the operation of weapons has been developed by the order of the Interior Ministry and the Ministry of Industry and Trade.

An electronic chip fitted into a pistol or machine-gun will be able to identify the marksman and block the shot if the bio-metrical information does not fit.

.It is planned that in 2013, the Russian army will receive new air defense missile batteries. This was recently announced by the Commander-in-Chief of the Russian Air Forces Major General Victor Bondarev.

Initially, it was expected that the new air defense system, called S-500, will appear not earlier than in 2015, or, probably, two years later.