Former union minister E Ahamed passed away

Today on 1 February 2017 , a shocking news had been came up when former union minister anf indian Muslim league leader passed away early today suddenly after he suffered a cardiac arrest , reports confirmed by senior doctor.

E Ahamed

E Ahamed was an Indian politician who served as minister of State for external affairs in Manmohan Singh government from 2004-14 .
He was born on April 29 , 1938 in Malappuram, Kerala, India.
He had 2 sons and 1 daughter . On 31 January he suffered a cardiac arrest for which he was admitted critically to ICU at Rml hospital .
On 1 February , the doctors announced his death at 2:15 am.


The 78-year old E Ahamed died at RML hospital at 2:15 am and after his death he was put up to artificial life support.
After this process his body was taken to AIIMS (All India institute of medical sciences) hospital for emailing as this service was not available at RML hospital.


To rumors , Ahamed body will be taken to Kerala later on today.

Many politicians was seen at RML hospital . President of Congress party - Sonia Gandhi , vice President of Congress party - Rahul Gandhi , opposition in rajya sabha Ghulam Nabi Azad and other politicians rushed to RML hospital for seeking of Ahamed family.

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Supreme court of India refuses to stay the Tamil nadu's law permitting jallikattu

Since , last two years a new issue arises from Tamil nadu, many debates came up with this issue .
The issue is on ban on jallikattu.

Most of the people who were not aware of this term , now knows whole story.

Let us understand what is jallikattu?

Jallikattu

Jallikattu also known as salikkattu, eruthazhuvuthal , Manju virattu is an traditional game in which a bull , commonly of kangayam breed is released in a group of multiple people participating to grab the large hump of the bull with both their hands and hang on to it meanwhile the bull tries to escape.
Participants tries to hang on to it as long as possible in order to bring the bull at rest . But in some cases participants must have to ride enough on the Bullls hump so that they could bring the flags onto bulls horns.

This traditional game is practiced in some states of Tamil nadu on Mattu Pongal day for Pongal celebrations.

Ban on jallikattu

The animal welfare board of India filled a case on the supreme court of India asking a ban on jallikattu because of the cruelty towards animals used in this spectacale and threats to public assets and safety.

27 January 2010 - On this date , The Government of Tamil nadu was permitted by supreme court of India to allow jallikattu for 5 months in a year and supreme court also directed  the district collectors  to make sure that the animals that are used in this event are all registered to animal welfare board of India that will send their representative to ensure the safety and limitations of jallikattu events.

In 2011 -  the ministry of environment and forests issued a ban on jallikattu but the event was practicing breaking the notification that ministry of environment and forests issued. Therefore

7 may 2014 - the supreme court of India banned jallikattu altogether and struck down all the laws.

8 January 2016 - the ministry of environment and forests permitted the continution of jallikattu events under some circumstances.

14 January 2016 - the supreme court disagreed with the jallikattu events and put up a stay to , upholding the ban.

16 January 2016 - the world youth organisation (WYO) protested against the ban at Chennai.

After all this , on 31 January 2017 , The supreme court of India refused to stay in Tamil nadu's law permitting jallikattu.

Donald Trump's executive orders sows chaos at airports , outrage at protest

Recently ,The president of USA Donald Trump passed executive orders for banning immigrants from Muslim countries including Yemen , Iran, Irag , Syria , Somalia and Sudan also having vast changes of including Pakistan, Saudi Arabia and Afghanistan.

To this decision , many known faces raise voice.
The CEO of Google- Sunder Pichai spoke " this decision will affect US technology industry and also affect immigrants and their families" , the owner of Facebook-mark Zuckerberg also wrote in his post that he is " concerned about the impact of these executive orders".

All this widespread caused by President Donald Trump's executive orders sowed chaos among immigrants and protests across the citizens of country , on Sunday 29 January travellers detained at airports , panicked familes and immigrants searching for their relatives and also registering the opposition sweeping measures by several Federal courts.

All the attorneys had struggled alot to measure how many People had been affected by these executive orders , to which Donald Trump on Saturday 28 January replied "working out very nicely".

But critics have something else , they announced a widespread among USA citizens , also causing the economy of country largely. Critics also mentioned untold people that had affected with this rule also struggling between ill- law procedures.

Lee Gelernt , deputy director of American civil liberties union immigrants rights project said " we simply don't know how many people are there and where they all are exactly".

All the advocates for immigrants and travellers says the chaos , protest and outrage is like to continue.

Marielena hincapie , executive director of national immigration law centre said that " all this is just a beginning".

The president also suspended the four months refugees program , day after these executive orders are passed. Large number of people starts protests across all the airports.

EC (election commission) approach to RBI , asking to increase limit of cash withdrawal for pole candidates

Surely , you all must are aware of the up and down fighting going on in India after Narendra Modi's demonitisation scheme. According to this rule , Indian currencies of rs. 500 and rs.1000 is replaced by new currency of rs500 and rs.2000. Due to this rule , stability of earning employees become unstable causing an impatient action in the public.

On 8 November , the government of India claimed that the action will create unconsciousness to many people but , this rule will unshadow the hidden economy of India.

To withdraw cash , public become hyper and led to uncertainable lines at ATMs , bank , and other medium of withdrawing cash.

To control all this , government of India introduced some limitations to withdraw cash i.e. A person previously can withdraw 2,500 INR per day per person  , later from 1 January it increase to 4,500 INR per day per person but recently it increase to 10,000 INR per day per person however , a person can withdraw 24,000 INR in a week from bank onwards.

With respect to elections , the election commission recently approaches The Reserve Bank of India (RBI) asking to increase the limit of cash withdrawal for the pole candidates.

Dilip Sharma , director general (election expenditure) recently wrote a letter to Urijit Patel - the governor of RBI mentioning that " it is constitutional mandate for the ECI (election commission of India) to conduct free and fair elections and provide a level election to all the candidates. In order to do that , the orders of RBI are complied".

Dilip Sharma also wrote that "the RBI still hasn't understand the gravity of matter".

The above image is the letter that Dilip Sharma wrote to the governor of RBI - Urijit Patel considering the needs of candidates and election commission approach.

Donald Trump ban on refugees , executive orders to ban Muslim for US tech industry

According to Donald Trump's recent speech , he declared a new executive orders following which Donald Trump ban Muslim immigrants from Muslim countries to The United States of America.
Reacting this decision the US tech industry spooks against it.

As we all are aware of the fact that US tech industry highly employees the immigrants from all over the globe , they are Highly staffed by immigrants  , throwing a dice over The present president of USA Donald Trump recently on Friday issued temporarily executive orders barring immigrant Muslims entering the USA from 7 most highly populated Muslim countries instituting high vast chances of Pakistan , Saudi Arabia , Afghanistan.

The tech industry spooks against the decision however , banning the immigrants highly make a difference to tech industry , but their is something different going on with famous personalities like owner of Facebook mark Zuckerberg and the CEO of Google - sunder Pichai.

Google has employed the staff from all over the world. Therefore , the call action of sunder Pichai is considerable , with many lawmaker and social activists joining the voice.

The countries from which president Donald Trump banned Muslim immigrants from entering USA in his executive orders for 120 days are :-

• Irag
• Syria
• Iran
• Libya
• Somalia
• Yemen
• Sudan

To this orders , sunder Pichai recently spoke that " we all are upset about the impact of president Donald Trump's order and any proposals that create restrictions  googlers (employees of Google ) and also their families or that could create restrictions and barriers to upbring hidden talent to US".

Interesting fact about this order is that Trump's own paternal grandfather named as Frederick Trump was also an immigrant from Germany.

The owner of Facebook - Mark Zuckerberg also wrote in his post that he is" very much concerned about the impact of these executive orders for banning refugees".

General Anti Avoidance Rule (GAAR) will be effective from april 1 , 2017

The Union Finance Ministry recently updated the fact that the General Anti Avoidance Rule (GAAR)  will be most probably effective from 1 april ,2017 from the Assessment year 2018-2019 , in other words financial year 2017-2018.
The application of GAAR under which  the terms , condition and needed procedures have been enumerated of the income tax department rules , 1962 in the rules 10U to 10UC.

A slew of clarifications on implementation of the General Anti Avoidance Rule (GAAR) has been issued seeking to mention the concerns of  foreign investors for the implementation of the anti-evasion measure from the Income Tax (IT) department.


You all till now must have understood the full name of the word "GAAR" . But must be awaitng to know what is actually GAAR is?
Therefore , the content below will help you all to understand it better and wisely.

What is general Anti Avoidance Rule?

GAAR stands for General Anti - Avoidence Rule that is an Anti- Avoidence rule in India to be effective from 1st april , 2017.  

GAAR  is establish by the department of Revenue under the Ministry of  Finance (MOF) .

GAAR was originally proposed in 2009 direct taxe code that were basically targeted at transactions to avoid the taxes. At that time , pranab mukherjee was the finance minister who further introduced this rule to the budget of 2012.

AIM of General Anti - Avoidence Rule (GAAR)-

GAAR prevents the companies from routing or making transactions through other nations or countries to basically avoid taxes. The Rules of GAARS are formed to mainly minimize the avoidence of taxes also it keeps an eye on taxes avoidence.

Clarifications of GAAR :-

• GAAR will not apply , if the jurisdiction of FPI is finalized that will based on non-tax commercial implementation   also the main purpose of this arrangement is to not to gain tax benefit.
• GAAR will also not interplay with the right of taxpayer to choose a method of making transactions.
• GAAR will also not apply in cases like , if court has adequately considered the tax implications.
• If an arrangement is held as permissible for the advance ruling of the authority , GAAR will not pe applicable to such cases.

Kirameki-2 satellite successfully launched from Japan , Japan first military communication satellite

As we all are familiar with Japan current developing condition , afterall it is the most developed country . Due to this point of view , when all of us comes to know about new satellite that Japan recently launched , most of us don't bother it  seriously as we expect it from Japan . But the latest current affair is that Japan has launched its first ever military communication satellite , that actually make a difference. Let us know more about this satellite :-


Japan recently on 27th Jan launched the first ever military communication satellite successfully named as kirameki-2 (kii-rah-meh-kee 2) satellite from somewhere in Japan.

The satellite was launched or lifted off from The tanegashima space centre that is located in southern part of Japan. The satellite was lifted up by on board H-2A rocket.

This satellite will sure by the new era of evolution so let us know more about this satellite :-

Kirameki-2 satellite

Kirameki-2 or you can say DNS-2 is a geostationary communicational satellite operated by DNS communication.
Kirameki-2 will be used for military communication by Japanese military. This satellite was successfully launched and deployed on 24 January 2017.

About kirameki-2 satellite role

• This satellite was launched to upgrade Japanese military communication services with existing communication services , in the assertive face of threats by North Korea's missile.
• This satellite is the 3 of first satellite that will replace the existing 3 civilian satellite currently working for Japanese military communication services.
• These new satellites will allow Japan for military units to work at high speed action and aware of enemies next step.
• These satellites will also be used by Japanese officials to keep an eye on international overseas for the peacemaking operations that also includes overseas of Somali coast.

Supreme court disagreed with Tamil nadu's law permitting jallikattu stay

Since, last two months a major issue arises from Tamil nadu's traditional game jallikattu . Many debates came up when Tamil nadu's law permitted the stay on jallikattu.

Let us first know what is jallikattu?

Jallikattu

Jallikattu also known as salikkattu ,eruthazhuvuthal , Manju virattu is an traditional game in which a  bull , mostly of kangayam breed is released in a group of multiple people participating to grab the large hump of the bull with both their hands and hang on to it meanwhile the bull tries to escape.

Participants have to hang on to it until the bull come to a stop also in some cases participants must have to ride enough on the Bulls hump to bring the flags down.

This traditional game is practiced in some states of Tamil nadu.

Ban on jallikattu

Recently , The animal welfare board of India filled a case on the supreme court of India for the purpose of banning jallikattu because of the issues of animal cruelty and outrage threats among public safety.

The government of Tamil nadu on 27 November ,2010 was permitted by supreme court of India to allow jallikattu for 5 months in a year and also directed the district collectors to ensure the safety of animals on which the representative should register all the animals that participate in this event by which the district collectors with send their representative to for check the limitations of jallikattu event.

7 may , 2014 - supreme court banned altogether jallikattu

8 January ,2016 - ministry of environment and forests permitted the continution of jallikattu

14 January, 2016 - the supreme court of India put a stay on this order , upholding the ban

16 January , 2016 - the world youth organisation (WYO) protested at Chennai against the stay order on jallikattu by supreme court of India.

But on Tuesday that is 31 January,2017 The supreme court of India refused to Saturday the Tamil nadu's law permitting jallikattu but agreed to hear a plea against jallikattu.

At corruption perception index , India ranked at 79th position

There are almost 179 countries out of which India has been ranked at 79th position in the corruption perception index (CPI) recently updated report of the year 2016 by the Berlin based watchdog of corruption transparency international (TI).

This index actually works from 0 (most corrupted countries) to 100 ( corruption free) , the countries are ranked by this scale ranging score.

The index completed by fetching data from world bank data , world economic forum (WEF).

Corruption perception index (CPI)

The corruption perception index (CPI) organization currently ranks 168 countries from 0 to 100 ranging scale.

Transparency international (TI)

Transparency international (TI) is an international non-governmental organization which was established in 1993. Transparency international has headquarter located in Berlin , Germany.
The aim of this organization is to fight against corruption , crime and prevention of country.

About corruption perception index report:-

• New Zealand has topped the list and is ranked at 1st (score of 90) , continuing this list Denmark ranked at 2nd (same score as new Zealand) , Finland scored 3rd , Sweden at 4th , Switzerland at 5th , Norway scored 6th , Singapore ranked at 7th , Netherland at 8th , Canada at 9th  and Germany is ranked at 10th position respectively.
• In this list , India , China , Brazil scored ranging of 40.
• Last year , in 2015 India was with the score of 38 which clearly shows India has increased its growth with inequality in the index of corruption perception.
• Meanwhile , south Asia has proved for performing poorly this year . Nepal scored rank of 29th position and Bangladesh at 27th.
• India in this index , ranked at 79th position. India's ongoing poor performances shoes inequality and scandals with a petty corruption effecting deals.

India rejected informal attempt of European union

According to recent affair's updates , India along with Argentina , Brazil and other counting nations rejected an informal attempt of EU. EU basically stands for European union.
To this action , Canada will now to work for a agreement of global investment at World trade organisation (WTO) LEVEL.

The European union (EU) and Canada agreed to this agreement which also incorporates a contentious ISDS mechanism. ISDS stands for Investor-State Dispute Settlement.
The European union (EU) and Canada wanted their investment pact to be same  template multilateral agreement


European union (EU)

The European union (EU) is a economic and political union of 28 member state that all are located in Europe over a eastimated population of 510 million approximately which has an area of 4,324,782 km square.
The aim of European union (EU) is to ensure free movement of people, services, trading goods and services within an internal market.

World trade organisation (WTO)

WTO stands for world trade organisation which is an intergovernmental organization which regulates international trade which was first established on 1 January 1995 .
World trade organization has a membership of 164 participating members state.
The aim of world trade organization is to regulate the trade between all the participating nations.

Investor state dispute settlement (ISDS) mechanism

Investor state dispute settlement (ISDS) mechanism also known as investment court system (ICS) is a system through which companies that works individually can sue countries for protesting alleged and discriminatry practices.
 Investment disputes can emerge by individual person or corporations and almost all the cases , the investment tribulans are regulates by three arbitrations.
All these practices was known widely by the case of Philip Morris V. Uruguay. In this case a tobacco company Philip Morris protested against and also sued the Uruguay company which was promoting public health that violated terms of laws.

UAE and India new agreement signed on 25th January

India and UAE (united Arab Emirates) recently on 25th of January 2017 , are linked to 14 agreements considering different areas which will enhance and boast India's bilateral corporation between these 2 countries.

As far as India's development is considered , it is very important to have a good bond with developing and fastest growing countries like The united States of America , United Arab Emirates etc. 

These 14 agreements were signed after a deep and delegation level talks between India's recent prime minister Narendra Modi and united Arab Emirates visiting crown prince of Abu Dhabi Sheikh Mohammed Zayed Ali Nahyan in new Delhi on 25th Jan 2017.

Sheikh Mohammed Zayed Ali Nahyan

Sheikh Mohammed Zayed Ali Nahyan was born on 11 March 1961 in al Ain, united Arab Emirates and currently is the crown prince of UAE and also supreme commander of united Arab Emirates armed forces processed by khalifa bin Zayed Ali Nahyan.

14 agreements includes:-

1.  Memorandum of understanding (MOU) in agriculture and sector of allieds.
2. A agreement on oil storage and management
3. Memorandum of understanding on cooperation in the field of defence industry
4. Memorandum of understanding for cooperation in program exchange
5. Memorandum of understanding on mutual recognition of certificate of competency.
6. Agreement on comprehensive strategic partnerships.
7. Memorandum of understanding on institutional cooperation on maritime transport.
8. Memorandum of understanding on cooperation on prevention of human trafficking.
9. Memorandum of understandingom trade to promote sectors of mutual interest
10. Memorandum of understanding on bilateral corporation on sectors of highways and transportation
11. Memorandum of understanding on  mutual entry visa requirements for holders of diplomatic passports.
12. Memorandum of understanding for SME sectors.

MOUs (memorandum of understanding) finalized for cooperation in SME sector

With respect to the recent updates , Indian ocean rim association (IORA) finalized memorandum of understanding (MOU) for the cooperation work of small and medium - sized enterprises (SME).

In the above sentence there are 3 organisations from which most of you are not aware , to what is leads , how it works , when was it established . Therefore we will tell you about them first. 

Indian ocean rim association (IORA)

India ocean rim association. It was formerly known as Indian ocean rim initiative and Indian ocean rim association for regional cooperation (IOR-ARC). IORA is an international organisations consisting of bordering the coastal states of indian ocean.

IORA is an intergovernmental type of organisation which has membership of 21 states.

Small and medium-sized enterprises (SME)

Small and medium-sized enterprises or small and medium-sized businesses are those businesses whose personal numbers fall under some limitations.
Indian government defined these enterprises business with micro , small and medium-sized enterprises.

Memorandum of understanding (MOU)

A memorandum of understanding is referred as the bilateral or multilateral agreement signed between two or more than two parties. Parties can use memorandum of understanding (MOU) as the announcement of their official agreement.
______________________________________________________


The memorandum was signed on a workshop on MSME cooperation amongst the members of  indian ocean rim association (IORA) held at new Delhi.

Motto of this MOU

• This MOU will help in building up linkages and alliances between MSME's organisation and also with different institutions engagement in MSME's projects.
• This MOU will help both the youth and women to promote their economic empowerment.
• It will also encourage synergies with IORA forum.

The union government shifts disinvestment advising role to department of economic affairs

According to the recent updates , the union government of India has transferred the advising role of DIPAM i.e. department of investment and public assets management.
The union government on utilisation of proceeds from disinvestment to DEA i.e. department of economic affairs.

Let us also study more about these organisations named as department of investment and public assets management and department of economic affairs.

Department of investment and public assets management

The department of investment and public assets management was originally named as "department of disinvestment" but recently it was changed to "DIPAM" or "The Department of Investment and Public Assets Management".

The aim of this organisation is to provide proper management of the centre's investment and also including its disinvestment in centre public sector.
DIPAM is a part of  department of ministry of finance . DIPAM is a child agency of ministry of finance and including DIPAM their are 5 child agencies work under ministry of finance.

Department of economic affairs

The department of economic affairs is a nodal agency established by the union government of India . It mainly focus on :-

• Formulating and monitoring of macroeconomic policies which also include issues relating to public finance , public dept. Management , inflation, fiscal policy .
• Production of currency or bank notes , coins of different categories , stamps for postal service's , training for Indian economic services , postal stationery and etc.

Motto of transferring advising role to DEA

• The department of economic affairs will now be in-charge of all the financial policy in union finance ministry in order to regard the utilisation of proceeds disinvestment channelized into NIF i.e national investment fund.
• The NIF ( national investment fund ) was established in 2005 in which CPSE's (central public sector enterprises) were channelized from the distinct proceeds.

India innovation index - developed by world economic forum will measure the performance of Indian states

"India innovation index" will be developed by -

1. World economic forum (WEF)
2. NITI aayog
3. World intellectual property organisation (WIPO)
4. Cornell university

Working together to provide impetus for states to build innovative spirit.

As you all know about us that we will for sure tell our respected readers about the organisations mentioned above. So let us provide you information about these organisations mentioned above.

World economic forum (WEF)

The world economic forum is a swiss nonprofit foundation , which is formed 46 years ago i.e. 1971 with a headquarter in Cologny , Switzerland .

The organisation works with a mentioned motto " committed to improving the State of world". This organisation was formerly called as " European management forum".

NITI aayog

"NITI aayog" or the National Institution for Transforming India is a policy owned by government of India that was established by prime minister Narendra Modi's Government to replace the planning commission , planning commission followed the top-down model. The aim of national institute of Transforming India is to foster involvement and participation in the economic policy making process by state government of India.

World intellectual property organisation (WIPO)

WIPO was created in 1967 with a motto to encourage creative activity , and to promote the protection of intellectual property through out the world.

WIPO has 189 members currently , and almost 26 international administers.

WIPo headquarter is located in Geneva, Switzerland.

Cornell university

It is a university located in new york , united states of America.
The university was established in 1865 and with a motto of " I would found a university where anyone can know instructions to study".

Motto of India innovation index

• The India innovation index will measure the performance of Indian states and will also rank them on the basis of innovation performance with a aim of developing innovation-driven economy.
• The India innovation index will be based on pillars of sub indices and innovation which will assist together in innovation prices growth economy.
• This index will create a competition between all the states of India and will encourage all of them to be ranked at first.

UAE , India first strategic dialogue meeting in New Delhi

United Arab Emirates 🇦🇪 (UAE) -

The united Arab Emirates frequently called simply Emirates is a federal absolute monarchy at western Asia , is an Arabian Peninsula nation settled mainly along the Persian gulf or Arabian gulf.

And obviously you all are familiar with India 🇮🇳 , or do I need to tell you all about this country also .

Ok ok let me also tell you about India also

India 🇮🇳-

India is a vast populated and diverse terrain south Asian country , starting from the great Himalayan peaks to  Indian ocean coastline. With a population of 1.252 billion India is well known for his Heritage and monuments built under Mughal emperors.

Never mind let's start -

Recently, India and united Arab Emirates held the first strategic dialogue meeting in New Delhi to discuss about elevating the bilateral relationship into a comprehensive strategic partnerships.

From now onwards you all are very curious to know what is their to talk between partnerships plans between these two countries. Before that you all should be aware of that -

The first meeting was co-chaired by M J Akbar , minister of State for external affairs (MOS) and minister of State of ministry of foreign affairs of minister of State Anwar gargash.


The first dialogue of the meeting was to elevate the
Relation to a comprehensive partnership following Narendra Modi's , recent prime minister of India visit to united Arab Emirates followed by
Sheikh Mohammed bin Zayed Al Nahyan , crown prince of  UAE in August 2015  and  Sheik Zayed Al Nahyan visit to India.


Motto 

• Both the countries agreed on strategic Cooperation agreement which will focus on expanding billatetal cooperation to net key if energy , power, defence and security between these two countries.
• They both also finalize to increase the no.of initiative to strengthen bilateral relationship.

Austria physicists creates a new hydrogen form

I know you all are familiar with what is hydrogen is  as you have studied about him since when you start exploring science after all it is the first chemical compound in the periodic table and it is a compound which with oxygen forms water , the most essential part of life. Therefore you all are curious to know what Austria scientist evolve now.

Hydrogen is a chemical compound represented by alphabet 'H' as the symbol of compound with atomic number 1 and hydrogen atom is the lightest element of the periodic table with  atomic weight of 1.008 u  . Ever since scientist come to knew that hydrogen atom is always contain positively charged hydrogen clusters , they are trying their best to make it go with charge negative. So after a long period of time, scientist created a new form of hydrogen which is "negatively charged hydrogen clusters" . Thi s form is a unseen form of hydrogen.

Since 40 years , we all come to knew that existence of hydrogen on the basis of hydrogen clusters is positively charged cluster ever existed till now.


Now you are must be curious to know how was hydrogen clusters were formed so nothing to worry for here it is :-

• Firstly , scientist injected cold liquid helium droplets with hydrogen molecules to form a neutral charge ( neither positive nor negative ). Then with the help of electron beam these hydrogen infused droplets were exposed
• After that , this caused some hydrogen molecules to ionise and with negatively charged hydrogen ions these molecules flung out into the surrounding vacuum.
• After some time , the nearby hydrogen molecules started clustering around the negatively charged ions in order to  create negatively charged clusters that could boast many molecules.

The newly created hydrogen ion exists only for 0.00001 seconds that is a micro second but it is enough for the researchers to find out it's geometric structure of its genetic nature.

At stock changes CCEA approves 5 general insurance PSUs

Insurance policies now a days are listed as "must needed" things in all opinions as it prevents a person or entity during extreme conditions of financial loss or responsibilities due to an unfortunate , unforgettable incident.

We all goes to a deep thought when it comes to insurance as it is a choice to be made by thinking seriously and also adopting the best for future things. Insurance plays a fraternity prinicipal in life as it protects all of our loving peoples when we are vulnerable to help.

Considering all of the above things , the Cabinet Committee of Economic Affairs (CCEA) recently has given its "in principle" approval for the listing of 5 public sector general insurance companies during 2016-17  which is owned by General insurance companies in stock exchanges.

You all might be thinking about role of CCEA ?

What is CCEA?

CCEA stands the cabinet committee of economic affairs which is one of the standing committee constituted by government of cabinet.
CCEA one of a function is to review the economic trends on a continuous basis keeping the prospects and also problems in mind , with a view of consistent economic framework policies.

The 5 public sector general insurance companies are listed below :-

1. Oriental insurance company LTD.

  2. General insurance corporation of India

  3. New India assurance company of India Ltd.

  4. United India insurance company Ltd.

  5. National insurance company Ltd.

The shareholding grapls of these PSGICs most probably divested from 100 to 75 % over a period of time in atleast one or more than one tranches.

Motto of these PSGICs

• Enhance corporate governance and risks management practices that will led to greater efficiency.
• Bring equity and transparency in the companies that functions the stock exchange necessitates  the requirements of SEBI
• Bring out more ways to open up capital market for the companies to raise their resources to complete their fund requirement and grow their business.

" Mission 41K " unveiled by union railway ministry

All of you are familiar what is indian railways as I expect almost all of you once travelled in Indian railways. Railways were introduced in 1853 from Mumbai to thane. It was the first journey of railways.
Since then railways changes the view of traveling. India is highly dependent on railways as it is reported that during 2015-16 , the revenue of Indian railways was recorded at 1.709 trillion (US$ 25 billion) with crossing the net income of 105.02 billion ( US$ 1.6 billion).

 I know most of you didn't expected this much amount of money revenued and earned. But yes , it is truth therefore Indian government is working die hard to make indian railways services better.

With respect to new policies , Indian union railway ministry unvieled "Mission 41K" to save INR 41,000 crore spend on  Indian railways expenditure for coming 10 years on energy consumption.

MOTTO

• This target that union railway ministry set of "Mission 41K" will be achieved by taking some appropriate and slew measure which will include moving 90 % of traffic to electric traction dependable onto Diesel which is presently 50 per cent of total rail traffic.
• Another goal that union railway ministry set is to procure a very large amount of electricity at a very cheap and affordable price through open market instead of sourcing electricity through DISCOMs and thus to save atleast of 25 per cent on its energy expenses.
• In the previous budget union ministry of railways had already set a target of generating 1000 MW of solar power and 200 MW of wind power respectively.
• According to recent news, new technologies also will export to bring down electric consumption.
• All of this mission will help Indian railways to reduce the dependance on change energy mix , imported fuel and  to rationalize energy cost.

Union cabinet recently approves negotiation of trade agreement with peru

India is one of under developing country whose government is taking many steps towards evolution.
You all are familiar with the word union cabinet?

Don't worry if you are not , we will make you all understand what it is and what it deals with..
LET'S START

According to recent news , the union cabinet of India has approved holding negotiation with peru for Trade agreement on tradings services, goods and investment on assets.

What is union cabinet and what it deals with?

The union cabinet or counsil of decisions or federal cabinet undergo executive authority in the republic of India. It contains two type of ministers -

1.  Senior minister called as "cabinet ministers"
2.  Junior ministers called as "ministers of state"

The union council of ministers is led by prime minister and a small executive body is known as "union cabinet" which deals with decision making body in India.

Hopefully , now you all are familiar with the word union cabinet so lets come back to the topic of trade agreement approval with peru.

This trade agreement of goods , services and investment of assets will be an important landmark between India-peru relation respectively. the trade agreement will most probably increase the trade and will also enhance the economic relations between India-peru and also will consolidate the traditional fraternal relations that were existed in past between these two countries.

TRADE AGREEMENT 

Peru is one of the biggest exporters to export goods in India amongst all the country and was ranked on third amongst Latin America and Caribbean region. India always has a good connection with peru.
India's bilateral trade during 2005-06 with peru was recorded at $107.32 million approximately with a growth of 1319.45% .
From 2015-16 the bilateral trade was recorded at $1,524.00 approximately.

Thus , India and Peru both agreed to Bargen and carry on the discussions on trade of goods , services and investment after the recent report on October,2016 of joint study group (JSG).

Higher resolution weather model prediction by ministry of Earth sciences

Now a days , geologists and scientists are working die harder just to know what will happen next.

I think we all feel attractive when it comes to things which may occur in future therefore ministry of Earth sciences commissions comes out with a new high resolution weather prediction model as you can see above.


The MOES i.e The union ministry of Earth sciences commissioned a very high resolution of 12 km global deterministic weather prediction model for outcasting weather operational forecasts.

The predictional model was on trial since September of 2016. Till now the predictional model has shown valuable improvement in outcasting the weather for the skill of daily weather forecast.
To track hazard and disasters than can cause severe destruction and cyclonic storms like vardha, the union ministry of Earth sciences introduced this model.

Basically you all were thinking that did I just forgot to mention that what is MOES ?
Don't worry , here we didn't forget anything.

What is MOES?

MOES stands for "The union ministry of Earth sciences" which was formed in 2006 from a merger of Indian meteorological department.  The ministry function is to look after changes in atmospheric sciences , technology , seismic updates and ocean science in a differently integral manner.

• This model replaces the earlier model which once had a resolution of 25km which plays a significant role in predicting the weather forecast and the intensity of cyclonic storms like vardha and others.
• MOES's operational EPS ( ensemble prediction system was recently upgraded to 12 km. 
• To upgrade the EPS of MOES's high performance computing (HPC) system were stabilized to 10 peta-flops (pfs) to to 1.2 peta-flops.

In Inclusive Development Index , India ranks 60th

Welcome all the readers , daily current affairs respects all of you.

So you all wanna know what is the recent affair going on , so let us tell you -

India has been ranked 60th among all 79 developing countries in 2017 IDI i.e Inclusive Development Index which comes out from World Economic Forums (WEF) " Inclusive growth and development report".

It becomes annoying 😬 when we are reading an article and fails in understanding most of words.

But hey all , don't worry you are on dailycurrentaffairs69.blogspot.com  , here we will mention all the words and organisations who are not aware off.

What is Inclusive Development index?

The inclusive development index is based on 12 performance indicators. These 12 indicators provides a more complete measure and analysis of economic development than GDP growth.
This index has 3 pillars -

1. Growth and development
2. Inclusion and intergenerational Equity
3. Sustainability

Clearly these 3 pillars helps to rank IDI countries in order to get a list of countries growth.

What is WEF ?

WEF stands for world economic forums which is a Swiss non-profit foundation .  WEF is based in Coligny , Geneva. Its mission is "committed to improving , the state of the world " by engaging political, academic , business and other means.

After knowing what WEF and IDI is , you all readers will now understand this topic more easily , effectively and wisely.

Coming back to the topic , the index is based on 12 performance indicators and all countries are ranked on IDI list based on a scale of 1-7 . It has 3 pillars that I already mentioned you all above.

On the IDI chart , Lithuania scores highest against 79 developing countries. Azerbaijan scores second and Hungary at third . India is placed at 60th position however, the neighbouring countries scored above ranking like nepal which positioned at 27th rank , Pakistan ranks at 52nd , Bangladesh at 36th and most interesting China which scored at 15 rank.

In BRICs countries list , Russia ranks at 13th position , while China and brazil at 30th respectively.

Union commerce ministry launches SEZ India app

World is changing day by day.
😂
I know , I know you all people listen this type of phrase in all the things you start up to read and asked yourself where the hell is changing going on ?

But yes the world is changing as a result of which union commerce ministry launches "SEZ" India app.

What is union commerce ministry ?

It is a department entrusted with formulating the foreign trade policy and the department which is responsible by the multi and bilateral trade relations and for great results the department is divided into 8 parts.

SEZ India app

SEZ India app is launched  today on 16 Jan, 2017. The app is launched by the commerce society , department of commerce under its broader e-governance initiative that is SEZ online system basically. This mobile app is developed for special economic zones (SEZs). The app will help the SEZ units and developers to trace the transaction and to find all the information of the online transactions all around India.

SPECIFICATIONS

1. SEZ information - SEZ information consists of the compendium of the SEZ act of 2005 , MOCI circulars SEZ rules of 2006 details of SEZ and developers etc. and provides the details of all comprehensive data recorded on these aspects.
2. Trade information -  This section of SEZ app provides the access to all the important information and tools required such as foreign trade policy(FTP) , custom and excise notification, the handbook of procedure , duty calculation etc.
3. Contact details -  This section of the mobile app consists of providing contacts of all development commissioners office , DG system , DGCI &S and SEZ , and DGFT.
4. SEZ online transactions - This section of SEZ app provides the dynamic that tracks  the bill of shipping and entry  , bill processing status , and also it does verification. It also helps the importers and exporters to also track their shipping bill status or entry of bill integration and processing in the EDI system of ICEGATE.

Indian ocean may face earthquake in future

Ohhhh hello is this picture fascinate you all.
Guess?


I know , I know from the headlines onwards you all know it is Indian ocean.

So you all thinking what is there to tell you about of Indian ocean?

So here I go:-

According to a recent study from scientists , a new plate boundary may be forming in the floor of Indian ocean which in 2012 results in the largest earthquake shooking the area of Andaman-sumantra , from the recent studies scientists claim that in future Indian ocean can face more earthquakes.

What is plate boundaries?

Plate boundaries is a method used by scientists to describe the 7 large-scale motion plates and movements of larger number of smaller plates in earth's lithosphere.

The scientists claim this discovery on the basis of  study of seismic data recorded before ,after and during the quakes of 2012. Discovery also includes the data analysis of sea floor depth by venturing into the Indian ocean.

• Scientists from all this theories, discoveries and data's created a high resolution image describing the sea floor deformation that occurred after the quakes of 2012.

• It was found that nearly 1000 km of distance was effective immensely by the earthquake at Andaman-sumantra. Scientists hopefully agrees that in future Indian ocean can face more quakes of causing highly different impacts.
• The scientists also claim that a new  fault system is also arises in coast of Andaman-sumantra region and again the new fault system can trigger more quakes in future.
• All these earthquakes can lead  to inter plate earthquake causing a new plate boundary which most probably will cause more earthquakes.
• These slip- strike earthquakes occurs when one plate  strikes the another boundary plate horizontally.

Impacts of earthquakes

An earthquake is an disaster which can cause severe destruction depending on its scale . It is measured by an instrument called Richter scale.

Impacts vary depending on Richter's scale intensity and pressure.

Health ministry to roll out measles-rubella vaccine

Hello all the reader , this article is to inform all of you that health ministry is taking some measures.

Is it a good step or worthless? 😰

Now the question arises , what impact will it create.



According to recent updates health ministry is all set to roll out measles-rubella vaccine in the universal immunisation program which will most probably starts from Feb 2017 onwards.


What is measles-rubella vaccine?

Measles-rubella vaccine is a step to prevent diseases like measles ,mumps ,and rubella . It is an anti disease vaccine which will act improvisely against these diseases.

Now the question arises what is these so called diseases (measles, mumps ,rubella) ?

Measles-  it is disease which create health problems like fever, headache , cough , red watery eyes , rash etc. Measles also give rise to complications like diarrhea , ear infection , death , brain damage.

Mumps- it is disease which give boost to fever , headache , swallows salivary glands , lazyness , muscles arches. Mumps almost acts as measles but it differs in the complication including deafness , inflammation of the brain , it also inflammates the muscles covering the spinal cord , rarely causes death.

Rubella-  it causes fever, headache , eyes swallows , sore throats. If a woman while her pregnancy she can face problems like abortion or can give birth to a challenged child.

 What is MMR vaccine?

It is an injection which prevents disease like mumps , rubella and measles. However this vaccine sometimes causes some side-effects but it is better to have side-effects than measles, mumps and rubella.

• The MR Vaccine will be introduced on 5 states and union territory i.e Puducherry, Goa , Lakshadweep , Tamil nadu , Karnataka.

Universal immunisation program

It is an immunisation program launched by government of India in 1985. The program includes vaccination of child diseases like diarrhea , fever , cold etc. Hepatitis B was also added in Universal immunisation program.