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CURRENTAFFAIRS
October 2015
January 2, 2012
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9 Comments
The Government has started the New Year with an important policy change
deciding to allow the Qualified Foreign Investors to invest in Indian equity markets
June 2015 |
May 2015 |
foreign country that is compliant with Financial Action Task Force standards of
|
April 2015 |
March 2015 |
The objective of this policy change is to broaden the class of investors investing
India, attract more foreign funds and reduce market volatility and deepen the cap
February 2015 |
market. The move was expected as there was a significant foreign capital outflo
January 2015 |
from the domestic equity market in recent times, leading to volatility in Rupee.
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any, as the President may from time to time fix and the appointment of the Ch
CURRENTAFFAIRSCATEGORY
October 2015
provisions of any law made in that behalf by Parliament, be made by the Presiden
International Affairs
manner and on the like grounds as a Judge of the Supreme Court and the conditi
Mr. Quraishi also favours automatic elevation of the senior-most EC to the pos
Chief Election Commissioner. He says that two ECs who do not enjoy Constitutio
protection under the law, be given the status as they should not feel they are
probation.
India and Macau to sign DTAA
Indias latest DTAA (Double Taxation Avoidance Agreement) will be with Macau.
DTAA would facilitate the exchange of tax-related and banking information betw
Macau is one of the most well-known offshore financial centres and tax hav
worldwide. The agreement will also help create a better investment climate
Indian businesses in Macau and vice-versa.
Iran test fires missile
war games taking place near the strategic Strait of Hormuz. This medium-ran
This was for the first time that Iran had tested the missile. The missile w
domestically designed and built. The missiles launch and the war games are me
to show Irans military capabilities at a time that the United States and other West
nations are increasing pressure over Tehrans nuclear programme.
US blocks aid to Pakistan
United states has suspended a 1.1 billion dollar military aid to Pakistan. T
President Obama is expected to sign this year. The aid was to be given to Pakis
under category Pakistan Counter-insurgency Fund.
India-Pakistan exchange list of Nuclear Installations
On January 1, 2012 , India and Pakistan have exchanged the list of nucl
installations and facilities covered under the Agreement on the Prohibition of Att
against Nuclear Installations between two countries.
The agreement was signed on December 31, 1988 and entered into force on Janu
27, 1991. The agreement makes a provision that two countries inform each othe
nuclear installations and facilities to be covered under the Agreement on the firs
January of every calendar year. The exchange of information took place
diplomatic channels.
Sikkim Rail Project
The government has clarified that the Rs. 1340 crore rail project connecting Rang
in Sikkim to the rest of the country via Sevoke in West Bengal is expected to
completed by 2015. This rail connection would be the first step towards linking
capital of the small and landlocked border state of Sikkim to other parts of
nation.
Andhra Pradesh increases upper age limit for joining Government services
Describing it as a new year gift to the state public, the Andhra Pradesh governm
has increased the upper age limit for joining state government services. The up
age limit has been increased for all categories including the physically handicapp
The age bar for the General Category has been raised to 36 years from the pres
34 years. It is increased to 41 years in case of SC, ST, and BCs. The age bar is rai
to 46 years from the current 44 years for the physically handicapped.
Similarly, the age bar is raised by two years for the existing state governm
employees and physically handicapped employees.
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