News On Demand 33

1.Delhi to get 15 of 71 special CBI courts.

• Fifteen of the 71 additional special courts (exclusively for the trial of CBI cases) announced by Prime Minister Manmohan Singh this week -- will be set up in Delhi. The remaining ones will be set up in other states with Maharashtra, West Bengal, Uttar Pradesh and Jharkhand being allocated six courts each.
• Currently, there are 39 special CBI courts in the country with nine of them located in the national capital.
• There were 9,074 CBI cases pending in courts till January 31, the number increased to 9,350 by June 30.

2.Govt plans Rs 10,000cr dedicated telecom network for armed forces:

>This will be one of the world’s largest, closed user group (CUG) networks for exclusive use by the million-plus personnel of the Indian armed forces.

3.Maruti Suzuki on Friday announced plans to set up a research and development centre at Rohtak in Haryana, the biggest for the company outside Japan.

• Maruti Suzuki, the largest subsidiary for Japan’s Suzuki Motors, said it would invest between Rs 1,000 crore to Rs 1,500 crore for the facility that will be spread over a 700-acre area and is likely to be ready in the next 5-7 years.
• Maruti has a R&D centre at Gurgaon.
• Suzuki, owns 54.2% stake in Maruti.

4.Gold prices on Saturday moved up by Rs 135 to Rs 15,245 per 10 gram in the bullion market.

ASK URSELF:

Bullion Market.?

ANSWER URSELF:

Bullion as a precious metal, primarily ' gold .The defining attribute of bullion is that it is valued by its mass and purity rather than by its face value .

• Gold is having to compete with investment in stock market, industries, and a wide range of durable consumer goods, the rural people till date prefer to invest in 22 carat jewelery.
• Gold, silver, platinum, or palladium, in the form of bars or ingots. Some central banks use bullion for settlement of international debt, and some investors purchase bullion as a hedge against inflation.

Sunil r@th.