Sunday, 28 May 2017

NEWS AT A GLANCE(29th may,2017)

��Prime Minister of Mauritius Pravind Kumar Jugnauth is on a three-day visit to India. 

��Both the countries inked four important agreements in the field of education, maritime security, marine science and technology.

��Ameenah Gurib-Fakim is present President of Mauritius.

��Port Louis is the capital city of Mauritius.

��The Mauritian Rupee is the currency of Mauritius.

��Apple opened its first Southeast Asia store in Singapore, drawing hundreds of excited fans to the swanky two-storey site in the city’s upmarket shopping district. 

��Tony Tan is present President of Singapore.

��Singapore dollar is currency of Singapore.

��The government has selected five merchant bankers, including Goldman Sachs and Citigroup, to manage the government's 3 per cent stake sale in IOC (Indian Oil Corporation) which could fetch about Rs 6,000 crore to the exchequer.

�� The other bankers who have been selected by the Department of Investment and Public Asset Management (DIPAM) for managing the stake sale are: Deutsche Equities, SBI Capital Markets and ICICI Securities. 

��B Ashok is the present chairman of Indian Oil Corporation (IOC).

��The Department of Disinvestment was set up as a separate Department on 10th December 1999 and was later renamed as Ministry of Disinvestment from 6th September 2001.

��From 27th May 2004, the Department of Disinvestment is one of the Departments under the Ministry of Finance.

��The Department of Disinvestment has been renamed as Department of Investment and Public Asset Management (DIPAM) from 14th April 2016.

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