Current Affairs

XED NEWSLETTER … a weekly news bulletin

11 Pages 3RD DECEMBER – 9TH DECEMBER 2010 www.xedintellect.com

IN BRIEF

COVER STORY UNIQUE IDENTITY PROJECT

ECONOMIC INDICATORS

BSE SENSEX 19242 NSE NIFTY 5766 RS/$ 45.17 th (as on 9 Dec 2010)

PERSONALITIES OF THE WEEK

TOP 5 INTERNATIONAL ORGANISATIONS

“Learn from yesterday, live for today, hope for tomorrow..”

NEWS DIGEST…

BUSINESS NEWS

INTERNATIONAL NEWS

MISCELLANEOUS NEWS

COMPILED BY

India, France sign $20bn deals

Google unveils new smartphone, the Nexus S

Dhoni signs Rs 26Cr 3 year endorsement deal with UB Group

ECONOMIC INDICATORS 2 INTERNATIONAL NEWS 9

COVER STORY 3 PERSONALITIES OF THE WEEK 4 BUSINESS NEWS 5-8 MISCELLANEOUS NEWS 10 GENERAL AWARENESS 11

TOP 10 HEADLINES OF THE WEEK

1. India, France sign $20bn deals. 2. Small Car, Big Trouble. 3. Sebi bars 4 firms for rigging stocks. 4. ITC, Godfrey Phillips India shutter factories over warning pics. 5. Kings XI Punjab owe their players Rs 28 crore for the last IPL season. 6. Airlines can’t gang up and fleece flyers. 7. Google unveils new smartphone, the Nexus S. 8. Japan's economic growth revised up. 9. Dhoni signs Rs 26crore 3 year endorsement deal with Vijay Mallya’s UB Group. 10. IIT Kharagpur gets Rs 70 lakh job offer from Facebook for US posting.

ECONOMIC INDICATORS

Current Market Rates as on 9th Dec’10 Rupee / US Dollar Rupee / Euro Rupee / Pound Gold (10 Gram) in Rs. Values 45.17 60.04 71.47 20144 Stock Market Indices as on 9th Dec’10 BSE SENSEX NSE (NIFTY) Values 19242 5766

What Does Fiscal Deficit Mean? There is a deficit when a government's total expenditures exceed the revenue that it generates. Deficit differs from debt, which is an accumulation of yearly deficits. The fiscal deficit can be financed by borrowing from banks or from the Reserve Bank of India, which is also called deficit financing or money creation. As can be seen from the adjoining graph deficit and borrowing are in sync. India's...