Today's GK

The Government on Tuesday liberalised FDI limits in twelve sectors, including telecom and defence. Paving way for fresh investments in telecom companies, the government cleared 100 per cent FDI in telecom sector. To boost the sagging economy, the government also raised FDI in defence sector from 26 per cent to 49 per cent. But the hike comes with some conditions. 49 per cent will only be allowed with state-of- the art technology transfer.

 Bhim Sain Bassi will take over as the new Police Commissioner of Delhi on August 1. Bassi will take over from the present incumbent Neeraj Kumar, who will retire on July 31.

 After two years of what appeared to be a healthy association, the Indian Air Force(IAF) has dropped the legendary cricketer Sachin Tendulkar as its brand ambassador. Sachin Tendulkar has been replaced with the basic trainer aircraft Pilatus after their association failed to yield the desired results.

The Bangladesh Parliament has passed a landmark amendment to its labour law aimed at protecting the rights and interests of workers, in the wake of a strong plea for labour law reforms following death of over 1000 workers in Rana Plaza factory collapse.

 Santosh B Nayar has been appointed as Chief Executive Officer and Managing Director of the Industrial Financial Corporation of India. The IFCI was the 1st specialised financial institution setup in India to provide term finance to large industries in India.

TCS has emerged as India’s most admired company ahead of Hindustan Unilever, ITC, and Infosys, says global management consultancy Hay Group.

Steel major POSCO has decided to scrap the proposed 6 million tonnes steel plant in Karnataka, following long delay in land acquisition and adverse market conditions.

 The Hubble space telescope has discovered a new moon orbiting Neptune, Nasa has confirmed.

The CBI on Tuesday told the Supreme Court that it was agreeable to the Director and officers being appointed by a Committee comprising the Prime Minister, the Leader of the Opposition in the Lok Sabha and the Chief Justice of India or a judge nominated by him. But the views of the outgoing CBI Director should be considered, the agency said.

Indian poverty level decreases by 15%:NSSO

The ambitious direct benefit transfer (DBT) scheme for domestic LPG cylinder, launched in 18 districts of the country on June 1, has crossed 2.28 million transactions. Indications are that the scheme will be rolled out throughout the country by the year-end.

European Union (EU) has issued a directive that will bar all 28 member states from funding projects connected to Jewish settlements in the occupied territories, including annexed east Jerusalem.