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Showing posts with label december current affair. Show all posts
Showing posts with label december current affair. Show all posts

Current affair 30th December 2013

Monday, 30 December 2013

China offers its Beidou Navigation System free of cost to neighbours

In a strategic move, China is ready to offer its neighbouring nations use of its indigenously developed Beidou Satellite Navigation System (BDS) free of charge. The offer has generated interest from a number of nations including Pakistan, Sri Lanka, Bangladesh and Thailand.

As per the Chinese government, the country wants to expand the use of the BDS, which already has 16 satellites operating for the Asia-Pacific and is being promoted as an alternative to the US’ Global Positioning System (GPS). China intends to offer BDS to nations in the Asia-Pacific region, and particularly in South and Southeast Asia, where the satellites can provide the highest accuracy.

Countries interested in Beidou Navigation System:
China has already reached agreement with Pakistan and Thailand on use of the Beidou network. It is in talks with Sri Lanka, for which it has already launched a satellite, and Bangladesh, over cooperation on satellite use. In early2014, Thailand will become the first country to set up a satellite station based on Beidou, with both nations signing a $ 319 million deal.

What is Beidou Satellite Navigation System (BDS)?
Beidou Satellite Navigation System (BDS) is a Chinese satellite navigation system. It consists of two separate satellite constellations:

Beidou-1: A limited test system that has been operating since 2000

Beidou-2 : A full-scale global navigation system which is also known as COMPASS and is currently under construction as of January 2013 . Beidou-2 will have 35 satellites in its network.

Objective of Beidou Satellite Navigation System (BDS):
Initially, when the BDS was launched in 2011, it was serving only the government and military. However, over the past year the navigation system is being widely used for civilian purposes domestically. In China, around 80% of passenger buses and trucks use the BDS.  Now China intends to expand its satellite navigation services to Asia-Pacific and to South and South-East Asia regions.

US President signs budget bill into law to prevent government shutdown

US President Barack Obama has inked a two-party federal budget bill, preventing the risk of a government shutdown for two years in the country.

The legislation was passed by both the Senate and the House of Representatives after a prolonged stand-off between the Democrats and the Republicans. The bill had been drafted by a cross-party budget panel set up after October’s 16-day government shutdown.

The Defence Bill, among others, provides $527 billion in base defence spending and $80 billion for the war in Afghanistan, in addition to a crackdown on assault* in military and relaxes restrictions on transferring detainees from the federal prison at Guantanamo Bay.

Why did the US government shutdown happen?
The US Congress failed to pass the government budget due to disagreement between the Republicans, who have majority in the lower house – the House of Representatives – and the Democrats, who control the upper house, the Senate.

Since President Barack Obama’s election, the parties have never come to a resolution on a US budget that extends further than a few months. They’ve just negotiated around the margins and come up with short-term fixes.

Now, the Republicans are using budget deadlines to gain political leverage over contentious policies.

This time the issue was Mr. Obama’s healthcare reform programme- the Patient Protection and Affordable Care Act (Obamacare) which continues to be very controversial for a range of reasons. The Republican-controlled House of Representatives though approved budgets but eliminated funding of this programme or wanted it delayed by one year. The Senate rejected these demands. It led to a deadlock situation and no budget bill could be agreed by both houses, resulting into the shut down.

Arvind Kejriwal takes oath as Chief Minister of Delhi

The top-most leader of Aam Aadmi Party (AAP), Arvind Kejriwal, sworn-in as the new Chief Minister of Delhi. He was administered the oath by the Lieutenant Governor of the capital Najeeb Jung.

Along with Kejriwal, six others: Manish Sisodia, Girish Soni, Rakhi Birla, Satyendra Jain, Saurabh Bharadwaj and Somnath Bharti, took oath as ministers. The AAP has come to power after winning 28 seats out of 70 in the recently held assembly polls in Delhi. Although it didn’t have the majority, the Congress party extended its unconditional support to AAP for forming government. Now, Kejriwal government has the task to deliver on the promises they have made which include cutting down electricity tarriff and improve water supply to all parts of the national capital.

The new government has to prove majority in the assembly on January 2, 2014.
Arvind Kejriwal:
Born: August 16, 1968 in Siwani in Haryana
Education: Graduated in Mechanical Engineering from IIT Kharagpur
Worked for the Indian Revenue Service (IRS) as a Joint Commissioner in the Income Tax Department.
Instrumental in drafting a proposed Jan Lokpal Bill and his efforts to bring and implement the Right to Information (RTI) Act at grassroots level.
2012: Launched Aam Aadmi Party (AAP) which ousted the Shiela Dixit’s regime of Congress after winning 2013 Assembly polls.
In the assembly elections he defeated his rival Shiela Dixit by a huge margin of 25, 864 votes.
Became the second youngest Chief Minister of Delhi. Chaudhry Brahm Prakash was the youngest Chief Minsiter at 34 when he took over in 1952.

India, US sign $1billion contract for six “Super Hercules” aircrafts

India and the US have signed another mega defence deal worth $1.01 billion in which the US will supply six additional C-130J “Super Hercules” aircraft. The “letter of offer and acceptance” for the six new four-engine C-130Js, which will be delivered within 3 years, was inked under the US government’s “Foreign Military Sales” (FMS) programme. 

The Indian Air Force already has six C-130Js tactical airlift aircraft, which are based at the Hindon airbase on the outskirts of Delhi.  The upcoming six new C-130Js will be stationed at Panagarh in West Bengal.

India’s first Mountain Strike Force: XVII Corps
India’s new mountain strike corps which has been named XVII Corps will also have its headquarters in Panagarh. The XVII Corps with a total of over 80,000 soldiers, is being brought up by the Army in a project worth around Rs 90,000 crore. This new corps will fill operational voids along the 4,057-km Line of Actual Control (LAC) as well as add to the Indian Army’s ground offensive capabilities against China for the first time.

Factbox: C-130J ‘Super Hercules’
Manufactured by the United States.

World’s most advanced and tactical aircraft.
Primarily designed to support India’s special operations requirement.
Equipped with an Infrared Detection Set (IDS), the aircraft can perform precision low-level flying, airdrops and landing in blackout conditions.
Self-protection systems and other features are included to ensure aircraft survivability in hostile air defense environments. The aircraft also is equipped with air-to-air receiver refueling capability for extended range operations.
Ideally suited to India’s mission environment, which often involves operating out of austere, high-elevation airstrips in hot conditions.
Powered by four Rolls Royce AE2100 engines and Dowty six bladed props which provide the aircraft with tremendous power.
The aircraft has already demonstrated its responsiveness during the recent Uttarakhand flood disaster and 2012 Sikkim earthquake where it played a major role in relief operations.
The rugged aircraft demonstrated its agility when IAF landed it at the world’s highest airstrip in Daulat Beg Oldi, in J&K, the place where Indian and Chinese troops had a stand-off recently. The aircraft showed that it can even land at a small forward airbase on a semi-prepared runway.

Current affair 28th December 2013

Saturday, 28 December 2013

Year 2014 to bring 8.5 lakh new jobs: Report

As per a survey by recruitment platform year 2014 MyHiringClub.com  augurs well for job seekers as more than 8.5 lakh new jobs are expected across various sectors, including FMCG and healthcare. According to the survey based on a study conducted among more than 5,600 firms across 12 industry sectors, the forecasted number of new jobs in 2014 is higher than the estimated 7.9 lakh employment opportunities created in 2013.

All the employments have been projected in for the organised sector. Apart from FMCG, more jobs are expected in healthcare, IT, retail and hospitality sectors.

Sectror-wise expected number of jobs:

FMCG: 1.5 lakh
Healthcare: 1.33 lakh
IT and ITeS: 1.21 lakh
Retail: 86,700
Hospitality:  83,400
Banking and Financial services: 61,400
Manufacturing and Engineering: 51,500
Education, Training and Consultancy: 42,900
Media and Entertainment: 42,800
Real estate: 38,700

Mr. Subrahmanyam Jaishankar: Ambassador of USA

Dr. Subrahmanyam Jaishankar became the Ambassador of United States of America (USA) in December 2013. He succeeded Ms. Nirupama Rao and his position in Beijing was taken by Ashok K. Kantha.

 About Dr. Subrahmanyam Jaishankar
An Indian Foreign Service (IFS) officer of the1977 batch.
Apart from serving as India’s Ambassador to China, he also had postings in Singapore and CzechRepublic.
Played a key role in negotiation of US-India nuclear agreement.

SEBI made fund-raising easier for corporate India and tightened noose on fraudsters

In order to raise funds easier for companies through genuine equity or debt offers, the market regulator SEBI approved new norms for its search and seizure operations, settlement proceedings, refund to investors and crackdown on illicit money-pooling schemes.

The measures of new norms:-
To consider the Financial Portfolio Investors (FPIs) similar to Foreign Institutional Investors (FIIs) on tax purposes.
To raise funds through Initial Public Offer (IPO) of equity shares and allowed companies to file shelf prospectus for debt offers that would be valid for multiple offers within a year.
To ensure faster refund of money to investors, essential checks are put in place to avoid any misuse of its newly granted powers with regard to conduct of search and seizure of fraudsters and market manipulators.
And detailed regulations have also been put in place for settlement of administrative and civil proceedings in a transparent manner, while ensuring that serious offences like insider trading are kept out of settlement window. 
These decisions are related to the promulgation of an ordinance by the government for grant of greater powers to SEBI to check mushrooming of illegal money-pooling schemes across the country and to take strict actions against fraudsters and market manipulators.


SEBI: Foreign portfolio investors will be treated on par with FIIs on tax issues

In consultation with the Finance Ministry, Securities and Exchange Board of India (SEBI) decided to treat the three categories of Financial Portfolio Investors (FPIs) uniformly for tax purposes. In other words, the new rule aims to bring all foreign investors under a common framework called the SEBI (Foreign Portfolio Investors) Regulations, 2013.

The Foreign Institutional Investors (FIIs), their sub-accounts and Qualified Foreign Investors (QFIs) will soon be merged into a single and new investor class, called FPIs. As per their risk profiles, FPIs are divided into three categories.

These are as follows:-

Category I- the lowest risk entities comprises foreign government and government-related foreign investors.
Category II – regulated entities such as university funds, university-related endowments and pension funds, etc.
Category III – other entities viz. Qualified Foreign Investors (QFIs), etc.
Stock market regulator SEBI received a clear note from the Department of Economic Affairs in the Finance Ministry to consider the FPIs similar to Foreign Institutional Investors (FIIs) on tax purposes. The proposal was made by the K M Chandrashekhar panel that reviewed various classes of foreign investors and suggested to unify foreign investment norms met for the first time.

The clarity on tax treatment of FPIs is aimed at encouraging inflows into the domestic equity and debt markets.

Other than uniform tax zone for FPIs, the SEBI

Made grading of Initial Public Offering( IPO) voluntary to boost the dormant primary market.
Allowed companies to issue debt through a shelf filing, along with regulations empowered it to monitor investors’ call records and conduct searches at companies suspected of wrongdoing.
Note: Under the former system, tax treatment for FIIs was different from that for sub-accounts and QFIs. Beneath the new FPI norms, all categories of FPIs would be given similar tax treatment as currently available to FIIs.

Government sanctioned Quadricycle as a new vehicle

The road transport and highways ministry sanctioned “Quadricycle” as a new category of vehicle on Indian roads. These vehicles are safer than three-wheelers as they have four wheels with fully enclosed body structure with hard top and doors. After integrating suggestions and objections, transport minister Oscar Fernandes approved the proposal that under this category, battery-powered or electric four-wheelers will also be considered.

About Quadricycle Vehicle
It is a four-wheel vehicle with a small engine to be positioned between a three-wheeler and a passenger car which does not meet the same safety and emission norms of regular passenger cars and have their own set of regulations.

The vehicle will be of two types – passenger carriers and goods carriers – with different maximum kerb weights and length.
It will be allowed to ply only on city roads as transport vehicles and not as personal vehicles.
Passenger carriers will have a maximum weight of 450kg and a max length of 3 metres, while goods carriers will have a maximum weight of 500kg and a length of 3.7 metres.
It will be permitted to carry a maximum of four passengers or a maximum weight of up to 500kg.
Note: Kerb (Curb) weight is the total weight of an automobile with standard equipment, all necessary operating consumables (e.g., motor oil and coolant), and a full tank of fuel, while not loaded with either passengers or cargo.

Andhra Pradesh High Court directs 2 Telugu actors to return Padma Shri

The Andhra Pradesh High Court directed to Telugu actors Mohan Babu and Brahmanandam Kanneganti to surrender Padam Shri to the President of India, as they allegedly misused it.  The HC gave its decision on the petition filed by the BJP senior leader N Indraseena Reddy.

Why High Court directed Telgu actors to return Padam Shri?
Tollywood actor-producer Mohan Babu bestowed the award in 2007 and comedian Brahmanandam in 2009, in acknowledgment of their services to the Telugu film industry.
They both used the title ‘Padma Shri’ before their names for promoting the Telugu feature film “Denikaina Ready” (‘Ready for Anything’, produced by Mr. Mohan Babu and starring his son Vishnu).
The petitioner argued that as per the Article 18(1) of the Constitution, the national awards does not amount to a title and cannot be used as suffixes or prefixes.
Aftermath, the Court took the serious note of the actors for prefixing the name of the award to their names in the credits of the Telugu movie that was released in 2012.
And raised objection for using ‘Padma Shri’ in title cards in a wrong way (as if it was their surname) and delivered judgment in the petitioner’s favour. This will be a lesson for the actors who misuse the honorary award.
About Padma Awards
Padma Awards, the country’s highest civilian awards, are conferred in three Categories viz. Padma Vibhushan, Padma Bhushan and Padma Shri. The Awards are given in all disciplines/ fields of activities, viz. art, social work, Public affairs, science and engineering, trade and industry, medicine, literature And education, sports, civil service, etc.

‘Padma  Vibhushan’  is  awarded  for  exceptional  and distinguished service;
‘Padma Bhushan’ for distinguished service of high order and
‘Padma Shri’ for distinguished service in any field. 
The  awards  are  announced  on  the  occasion  of  Republic  Day  every  year. The Awards are conferred by the President of India at a function held at Rashtrapati Bhawan sometime around March/ April.

Current affair 26th December 2013

Thursday, 26 December 2013

Mr. Mikhail Kalashnikov: Designer of AK-47 ( ”Avtomat Kalashnikova 1947″) passed away

Mikhail Kalashnikov (94), the Russian gun designer whose AK-47 rifle became the weapon of choice for many national armies and guerrillas around the world, passed away.

About AK- 47 ( ”Avtomat Kalashnikova 1947″)
Officially known as “Avtomat Kalashnikova 1947″.

’47′ from the year (1947) it went into production.

Screenshot_7

It is a selective-fire, gas-operated 7.62×39mm assault rifle and has a rate of fire of 600 rounds-a-minute. The AK-47 has only eight moving parts can be broken down and reassembled in 30 seconds and will work in conditions that would render many other small arms inoperable. Invented by Mikhail Kalashnikov, who received numerous honors including the Hero of Socialist Labor and Order of Lenin and Stalin Prize.

e-Pramaan would make SMSs a valid documentary proof

Soon, SMSs will be acceptable as “documentary proof” for a variety of citizen-services ranging from making payments to registrations.

The Department of electronics and information technologY (DeitY), a part of the ministry of Communication and Information Technology, is all set to flag off a new online authentication project.

The Central Government launched a platform with about 241 applications for the public after completing pilot project of mobile governance with about 100 departments and testing proof of concepts.
SMS authentication is part of the e-Pramaan project which has an overall outlay of Rs 23 crore; it will become reality by June 2014.
The online authentication project of the Union government would enable SMSs to be used as documentary proof for various registrations and payments.
The applications relate to services will cover areas viz. Right to Information (RTI), health, Aadhaar, education, directory services, etc.
 


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