Thursday, April 9, 2015

#daily #Current #Affairs

India successfully test-fired nuclear-capable Dhanush missile from ship
India successfully test fired nuclear weapons-capable Dhanush missile from a ship, off the Odisha coast. Test- The ship-based missile was launched from an Offshore Patrolling Vessel (OPV), deep inside the Bay of Bengal to test its full range. It successfully hit the target point with high degree of accuracy. Dhanush Missile Indigenously developed by Defence Research and Development Organisation (DRDO). The surface-to-surface missile is a naval variant of Prithvi missile. Capable of carrying of 500 to 1000 kilogram conventional as well as nuclear payload. It is a single-stage, liquid-propelled missile and has range of 350 km. Capable to target both land-based and sea-based targets. It gives Indian Navy capability to strike enemy targets with great precision.

RBI notifies hike in FDI cap in insurance sector to 49%
The Reserve Bank notified government's decision to raise foreign direct investment (FDI) limit in the insurance sector to 49 per cent from the present 26 percent. As per the notification, FDI up to 26 percent will be under automatic route and beyond 26 percent and up to 49 percent will be allowed with the approval of Foreign Investment Promotion Board (FIPB). The RBI notification is in tune with March 2015 decision of Department of Industrial Policy and Promotion (DIPP) regarding operationalisation of increased FDI limit in the insurance sector.

Nasim Zaidi appointed as Chief Election Commissioner
President appointed the senior most Election Commissioner (EC), Dr. Nasim Zaidi as the Chief Election Commissioner (CEC). He will succeed incumbent CEC HS Brahma, who retires on 19 April 2015 after attaining age 65. Dr Zaidi will have tenure of two years i.e. till he attains the age of 65 in July 2017. Dr. Nasim Zaidi is 1976 batch IAS officer from the Uttar Pradesh cadre. He had served as the Director General of Civil Aviation (DGCA). He had retired from IAS as Secretary to the Union Government in Ministry of Civil Aviation in July 2012.

India and US sign Memorandum of Cooperation (MoC) on Transportation

India and United States (US) have signed Memorandum of Cooperation (MoC) on transportation between both countries. It was signed by Union Minister of Road Transport & Highways and Shipping Nitin Gadkari and Anthony Foxx, US Secretary of Transportation in New Delhi. The MoC aims at fostering cooperative work between both nations on key issues of mutual interest for all modes of transportation, coordinating public and private sector resources and expertise to advance safe, secure, efficient and integrated transportation systems. It seeks to cover areas like urban transportation, highway transportation, safety and environmental protections. It will also cover rail transportation, fuel efficiency, vehicle and behavioral safety, intermodal transportation and maritime shipping. The MoC will enable India to make use of world’s latest technology which is available with the US for developments of waterways and multi-modal hub projects.