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Home » Current Affairs
Current Affairs
| Union Cabinet approves introduction of Merchant Shipping Bill, 2016 |
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The Union Cabinet has approved introduction of the Merchant Shipping Bill, 2016 in the Parliament. The bill is a revamped version of the Merchant Shipping Act, 1958. It seeks to repeal Merchant Shipping Act, 1958 as well the Coasting Vessels Act, 1838.
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| Colombia Government, FARC rebels sign revised Peace Agreement |
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Colombian Government has signed revised peace agreement with the countrys largest rebel movement, Revolutionary Armed Forces of Colombia (FARC). The revised document was signed between President Juan Manual Santos and FARC leader Rodrigo Londono in Bogota, capital city of Colombia.
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| IBBI notifies two regulations under Bankruptcy Code |
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The Insolvency and Bankruptcy Board (IBBI) of India has notified two regulations in exercise of its powers conferred under section 240 of Insolvency and Bankruptcy Code, 2016. The Insolvency and Bankruptcy Code, 2016 seeks to ensure time-bound settlement of insolvency, faster turnaround of businesses and create a unified database of serial defaulters. These two regulations are IBBI (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016; IBBI (Insolvency Professional Agencies) Regulations, 2016.
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| CCEA approves setting up of Jawahar Navodaya Vidyalayas in 62 uncovered districts |
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The Cabinet Committee on Economic Affairs (CCEA) has approved opening of one Jawahar Navodaya Vidyalaya (JNV) in each of the 62 uncovered districts. These JNVs will provide good quality modern education to the talented children prominently from rural areas. Nearly 35,000 students will be benefitted from these JNVs.
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| Himalayan hydro power projects face flood risk |
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The potential hydro power projects in the Himalayan region face increased flood risks from the formation of new lakes and the expansion of existing ones due to melting glaciers. It was revealed by study conducted by Swiss researchers on the impact of climate change in the Himalayas. The study made analysis of Himalayan glaciers and their possible future impact on livelihoods in States adjoining the region. It found that the global warming could cause Himalayan glaciers to melt rapidly increasing the flow of water.
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| SEBI eases rules for angel funds |
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The Securities and Exchange Board of India (SEBI) has liberalised norms for angel investors to invest in early-stage entities. In this regard, SEBI in its meeting decided to amend the SEBI (Alternative Investment Funds) Regulations, 2012. This decision was taken based on the recommendations received from the NR Narayana Murthy Alternative Investment Policy Advisory Committee.
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| International Conference on Brucellosis 2016 inaugurated in New Delhi |
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The International Conference on Brucellosis 2016 and the 69th meeting of the International Society on Brucellosis was inaugurated in New Delhi. The three day conference has been organised by the Department of Biotechnology (DBT) in collaboration with Indian Council for Agriculture Research (ICAR).
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| China's Sunway Taihulight wins fastest supercomputer title |
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China's Sunway Taihulight has won the fastest supercomputer title in the recently released 48th edition of Top500 list of supercomputers. With this, Chinese supercomputer has retained the top spot in the list of the world's fastest supercomputers for the eighth consecutive year. In this list, the number of systems installed in China had increased to 171 from 168 on last list released in June 2016. United States also now has 171 systems up from 165 in previous list.
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| India is non-committal on market economy status for China |
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| India is not inclined to automatically grant the coveted Market Economy Status (MES) to China under World Trade Organisation (WTO) norms in December 2016. The main reason India is reluctant to grant MES to China is that it will severely curb India's ability to impose anti-dumping duties on unfairly priced Chinese imports. Earlier, US and the EU also had opposed to grant MES to China on the same issue.
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| Indian Navy inducts 4 types of indigenously developed sonars |
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| The Indian Navy has formally inducted four types of indigenously developed sonars that will boost its underwater surveillance capability. The systems have been designed and developed by NPOL Naval Physical & Oceanographic Laboratory (NPOL), a Kochi based laboratory of DRDO.
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