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.
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