Current Affairs Febraury 2013

International Current Affairs

World Bank bar Larsen & Turbo for six Months over Forgery
The World Bank in the month of March 2013 barred Larsen & Toubro (L&T) from doing any business with it or the projects funded by it for a period of six months, as it found that a senior executive of the conglomerate indulging in fraud.
The department has made L&T ineligible for being awarded of any contract of the World Bank Funded projects and also from receiving any loan proceeds made by the Bank or participating in any Bank-financed project. The department is supposed to continue till 6 September 2013.

India Proposed Hydrocarbon Pipeline from Kazakhstan
India in the month of March 2013 proposed the idea of a hydrocarbon pipeline with Kazakhstan that is intended to bring fuel through a five-nation route.
The concept of the pipeline, unveiled could be in future extended to Russia. Officials said currently most hydrocarbon pipelines from Central Asia are on an east-west axis. This pipeline will, like TAPI, be on a north-south axis, providing a new route to South Asia for hydrocarbons extracted from Central Asia.