Current Affairs March 09/2015

March 9, 2015

 Kashmir separatist leader masrat Alam – released

-          At the core of the new inflation agreement is the monetary policy committee – on the lines of recommendations of an RBI – appointed committee headed by urjitpatel – is also suggested CPI inflation as the reference point.

-          Inflation in India is largely driven by food and a fuel price over monetary policy has very little impact.

-          Home ministry approved for recruitment of women officers in the Indo- Tibetan Border Police (ITBP), a specialized fence that guards – 3,488km Indo- china border at highialititude along the Himalayan ranges.

-          Vinod Mehta – passes away- founding editor of outlook, magazine

-          Centre goal – achieve 1, 00,000mw of solar capacity by 2022

-          China’s silk road project

-          Russia hill be its core partner

-          China’s diplomacy in 2015  making all round progress in the “Belt & Road “ initiatives

-          Two initiatives – silk road – economic Belt and 21^st country maritime Silk Road – which are the pillars for the integration of Eurasian economies with china its anchor.

-           Open –ended “Belt and Road” initiative, which aims to establish a transportation corridor which starting from Xian in china, will terminate in Europe.

-          Modi – 1^st p.m. – visit SL- in 24yrs – will commission a railway line in talaimannar  inaugurate – cultural centre in Jaffna and also hand over 20,000 homes – built by India in northom  provinces

P.M.s – 3 nation “Indian ocean Foray’s = Seychelles, Mauritius and Lanka.

-          Modi – 1^st p.m. to visit Jaffna and Talaimannar

Current Affairs March 07, 08/2015

March 7, 2015

The govt and RBI- set to consider proposals far, the Formation of a monetary policy committee, which will take decisions such as Interest changes

• National Payments Corporation of India (NPCI) the umbrella organization for all retail payment in India.
• “modi’s Four- nation Indian ocean Foray” – was expected to booster India’s relation in the region , and build strategic ties as a possible counter to china’s growing maritime influence
• Modi cancels mddives trip-
• ISIS – destroys – Ancient Assyrian archaeological site  in Nimrud in Iraq
• India vs. Pakistan contentions issue – Sir Geek, siachen, terrorism and kashmir
• FARC

March 8, 2015

Govt 4 RBI – signed a framework agreement to setup a monetary policy committee, under which parliament would set an Inflation target to RBI, apart  from setting up a separate agency, PDMA ( public debt management Agency)to manage government borrowings and other public debt by amending the RBI Act

-          Present system of regulations the money markets are controlled by the RBI, but mutual funds, who are major players in the money market, are  regulated by SEBI

-          Both those proposals are part of the financial section Reforms commission by N. Sritrishna – submitted in March 2013.

INDIA – SRILANKA AGREEMENT HIGHLIGHTS / Current Affairs March 06/2015

March 6, 2015

Micro units’ development refinance agency (MUDRA) Bank wills refinance microfinance institutions through pradhan Manti Mudra yojana

SME – which account for 40% of India’s export?

DIRECT TAX collections 10.6% up

-          Corporation tax, income Tax, securities transaction Tax } direct tax

INDIA – SRILANKA

• Srilanka- temporarily & immediately suspends the controversial Chinese fund part city project in Colombo.
• India SriLanka- comprehensive economic partnership Agreement  CCEPA)  signed in 2005 – now pushing for FTA
• India is SriLanka’s largest trade partner and bilateral trade between the countries at $ 4.6 billion in 2014.
• Eastern province, - India helping build a power plant – the ancient city of Anuradhapura in n. Central province
• In 1979 , Morajidesai – address – SL parliament (last time)
• Indo –US space security Dialogue by next week.
• Concern over china’s disruptive counter –space technologies
• For early conduction of a global frame work “ on code of conduct for space and stressed on Maintaining long term security  and sustainability of outer space environment  , including  space  awareness & collision a voidance
• India  4 U.S space agencies have co-operated in chandrayaan (2008) 
• The collaborative effort – U.S 4 Ind – NASA –ISRO synthetic Aperture radar mission (NISAR) – likely to launch by 2021.
• “This high end satellite that will help in earth observation and monitoring climate change”. 

NOTE : SL-SriLanka