Professional Documents
Culture Documents
The economic
census was released by the Directorate of Economics and Statistics of Delhi Government.
The field work for the Economic Census was conducted between February 2013 and June 2013. It
included all types of entrepreneurial activities in the field of agricultural and non-agricultural activities
(except
crop-production
Highlights
and
of
plantation).
the
census
The average employment size per enterprise in Delhi is 3.34, which is higher than the national
average
of
2.18.
Only 3.32 percent of all establishments in Delhi have employed eight or more workers.
The total number of establishments operating in Delhi has increased from 7.55 lakh during the fifth
Economic Census conducted in 2005 to 8.93 lakh in 2013, indicating an 18.35 percent growth.
Of the 2984850 people working in the establishments, a majority are men, constituting as much as
87.8
percent.
Women constitute a meager 12.2 percent while the composition of women in total employment is
30.90 percent at the all-India level.
Interestingly, only 68.70 per cent of the total workers are hired indicating that the remaining are
often
made
up
of
family
members
or
others
helping
the
owners.
About 1.53 percent of the total establishments in the country are located in NCT of Delhi. Of the
establishments, 76.89 percent operate with a fixed structure and the rest around 23.11 percent
operate
from
households
without
fixed
structure.
The maximum number of establishment i.e.1.53 lakh is located in Central District followed by West
and
North-East
district.
In case of employment, the maximum number of 5.76 lakh persons is working in Central District
while, 19.3 percent followed by South-East and North District.
Hockey India (HI) on 19 September 2014 inducted Hockey Village India (HVI) as an Academy
Member to reach out to underprivileged children who are keen to make a career in the sport.
At present, Hockey India has 26 permanent Members, 23 associate Members, one Member through
State Olympic Associations, eight Academy Members and one Hoc-Key Member.
Hockey India has always strived to reach the underprivileged children those who in spite of having
the talent cannot reach the big platform. Now the HVI on board will strengthen work towards
reaching out and identifying the talent.
The second Board of Inquiry (BOI) in September 2014 recommended decommissioning of INS
Sindhurakshak, in its report. The second BOI was constituted by the Union Defence Ministry to
probe the feasibility of reusing INS Sindhurakshak.
The BOI has also found out that the massive fire on the submarine caused by its missiles and
torpedoes would have damaged the hull of the submarine making it unfit for the sea.
The BOI has recommended that the submarine INS Sindhurakshak is not seaworthy, hence not fit to
sail again thus it should be decommissioned.
BNP Paribas on 18 September 2014 launched equity index linked green bond. It was launched in
collaboration with the World Bank which will help raise funds for products seeking to mitigate climate
change. It is the first equity index linked with green bond.
The
The
details
30
stock
of
equity
the
index
will
equity
be
linked
linked
to
the
World
green
Bank
Green
bond
Bond
equity
index,
while
supporting
climate.
The stocks of equity index that are based on Environmental, Social and Governance (ESG)
performance, are selected from corporates analysed by Vigeo, a global ESG rating agency.
About
BNP
Paribas
BNP Paribas is a French bank and financial services company with headquarters in Paris, and a
global headquarters in London.
BNP Paribas established its first branch in Kolkata in 1860 and is one of the leading corporate banks
in India. BNP Paribas Corporate and Investment business is an active player in Fixed Income and
Debt Capital Markets, Cash Management & Trade, Corporate Finance and Institutional Equities.
India and China on 18 September 2014 agreed to establish a Joint Working Group to promote
facilitation in the film sector. The group will meet for the first time in November 2014 on the sidelines
of
the
International
Film
Festival
India
2014
at
Goa.
The decision of formation of the Joint Working Group was taken in New Delhi at the meet between
the Union Information and Broadcasting Minister Prakash Javadekar and his Chinese counterpart,
Minister for State Administration of Press, Publication, Radio, Film and Television (SAPPRFT) Cai
Fuchao.
As per the plan, the proposed meet will involve the stakeholders from both the countries to
concretize cooperation in the film sector with specific proposals and projects. The meet will be an
important step towards identifying key deliverables and a common road-map to strengthen bilateral
cooperation
in
the
areas
of
films
and
audio-visual
production.
The two nations have decided to work on the agreement within an institutional time frame in the light
of the audio-visual co-production signed during the India visit of Chinese President Xi Jinping. The
ambit of co-production agreement covered the domains of feature films, documentaries, cine films
and
animations.
Apart from this, the two nations also agreed that the Chinese Films Co-production Commission
would interact more closely with the Union I&B Ministry.
Sardar Singh on 19 September 2014 became India's flag bearer at 17th Asian Games opening.
Sardar Singh is the captain of Indian Hockey team.
Sardar singh lead the Indian Contingent of 130 Indian athletes as the organizers had put the
limitations of 130 persons from any country to be participated in the opening ceremony.
The strength of Indian contingent was 679, which included 516 athletes.
About Sardar Singh
Sardar Singh is an Indian professional field hockey player. He is the current captain of the Indian
national team.
hief Minister of Assam Tarun Gagoi on 19 September 2014 launched an Angel Fund. The fund has
been launched to help the first generation entrepreneurs and skilled youths to set up micro and small
enterprises
in
Assam.
The fund was launched at a conference of general managers of District Industries and Commerce
Centres
(DICCs).
Provisions
of
Angel
Fund
Under the Fund plan, the first generation entrepreneurs can get a maximum loan of 5 lakh rupees
at
percent
interest
per
annum
The loan will have a moratorium period of maximum 10 months, during which no interest rates will
be charged
Chief Minister also said that the maximum loan amount under the scheme would be increased from
the existing 5 lakh rupees in future for allowing expansion of the businesses of the young
entrepreneurs.
Earlier, for the purpose of operation of the Angel fund scheme a memorandum of understanding
(MoU) was signed between the State Government and Assam Gramin Vikash Bank. The MoU was
signed by the Commissioner and Secretary, Industries and Commerce, Rajesh Prasad on behalf of
the State Government and Chairman, Assam Gramin Vikash Bank, Shio Shankar Singh in the
presence of Chief Minister Tarun Gogoi and State Minister for Industries and Commerce Pradyut
Bordoloi.
Background
The newly launched Angel Fund in Assam was announced by Chief Minister Tarun Gagoi in his
2013 budget speech. Earlier, the state government earmarked a sum of 12 crore rupees for the
Angel Fund.
About
Angel
Investors
Angel investors are people, group or financial group that provides financial backing to entrepreneurs
or small startups. These funds in form of financial backing could be obtained from these investors at
the time of start-up of the company or for the ongoing projects during the difficult times.
The Chief Minister of Karnataka Siddaramaiah on 19 September 2014 launched a Unicode based
mobile app in Kannada for android phones. The source code of the app can be downloaded free of
cost by the users from the website of the Kannada and Culture Department.
The language was launched in a bid to improve the usage of Kannada on mobile phones and tabs.
Earlier, the app linked to the Kannada language was available through private players but now the
Government has officially introduced the app.
The Unicode Converter System that will enable the users to download any content in Kannada from
across the world in the Android phones has been developed by the committee headed by Dr. K
Chidananda Gowda, former Vice-Chancellor of Kuvempu University, Shimoga.
Apart from the mobile based app, the Chief Minister also unveiled Kannada Braille script for blinds.
This version that will be available free of cost will accompany voice mode which can be heard when
the scripts key is touched on computer.
Co-founder and leader of Oracle Corp Larry Ellison on 18 September 2014 stepped down as Chief
Executive Officer (CEO). Larry Ellison will now be the chairman of Oracles board and the Chief
Technology Officer of the company.
Infosys BPO Poland on 19 September 2014 signed a contract with commercial real estate developer
Skanska Property in Poland for leasing its office space for 10 years.
This agreement is the largest deal in the office market of Lodz so far and the biggest lease
transaction in Poland in 2014.
(SSC) in 2007.
It is the largest Infosys location outside India that offers BPO and ITO services across 48
geographies in 24 languages.
It is also among the largest international investors in the Lodz region.
The company was awarded with the Best Company award of the Lodz Region by BCC in 2011 and
Company of the Year award 2013 by Central Bureau of National Certification.
Sportswear retailer Puma India Pvt. Ltd on 19 September 2014 appointed sales and retail head
Abhishek
Ganguly
as
the
new
Managing
Director
(MD).
His appointment came at a time when the brand is taking bold steps to be the fastest brand in the
world.
The
brand
recently
launched
the
Forever
Faster
campaign.
Ganguly replaced Rajiv Mehta who was managing director at Puma India since 2005. Earlier in
September
2014,
Rajiv
Mehta
announced
his
exit
Abhishek
from
Puma
India.
Ganguly
Abhishek Ganguly joined Puma India right at its inception in 2005 as a founding director. He
spearheaded the sales and retail functions for the brand.
Puma
India
Pvt.
Ltd
Puma is estimated to be Indias second largest sportswear brand ahead of Nike India and behind
market
leader
Adidas.
The company opted for the hybrid retail model in India which is made up of franchises as well as
owned-and-operated stores. As much as 15 per cent of its stores are owned-and-operated.
Around 12 percent of annual revenue of Puma India comes from online platforms such as Myntra,
Jabong
and
Puma India now has around 300 stores in 100 cities and towns.
Flipkart.
Union Information and Broadcasting (I&B) Ministry on 19 September 2014 launched free news SMS
service of All India Radio (AIR) in five Indian languages. These five languages are Hindi, Marathi,
Sanskrit,
Dogri
and
Nepali.
The SMS service is aimed at providing important news to the subscribers in their preferred language
on their mobile phones.
The SMS service initiated by AIR constitutes a critical component of Communicating India which is
an outreach mechanism to enable the flow of quality information to the people across platforms.
The ministry suggested that AIR should broadcast news in other regional languages through the
SMS service and run a campaign through newspapers and Doordarshan to create awareness of the
service. This would help a large cross-section of society to access news in real time.
Previously, AIR had launched SMS service in English on 9 September 2013 to provide AIR news on
mobile sets to its subscribers free of cost. The service has already touched the database of over
three lakh subscribers.
Ma Ying-jeou, The President of Taiwan presented the Tang Prizes in Taiwans capital Taipei on 18
September 2014. This award honours the outstanding contributions to the environment, human
rights, medicine and Sinology. The Tang Prize is treated as Asia's version of the Nobels.
Tang
Prize
Sustainable
Development -
2014
Gro
Harlem
Brundtland
Recipients
former
Premier
of
Norway
She was awarded for her innovation, leadership and implementation of sustainable development that
laid
Gro
out
Harlem
the
Brundtland
Sinology
scientific
is
called
Chinese
as
the
and
technical
"godmother"
American,
of
Historian
challenges.
sustainable
Yu
development.
Ying-shih
He was awarded for his mastery of and insight into Chinese intellectual, political, and cultural history
with an emphasis on his profound research into the history of public intellectuals in China.
of
the
immunotherapy
revolution.
The Rule of Law - Albie Sachs, former justice of the Constitutional Court of South Africa
He was awarded for his contributions to human rights and justice around the world. He is a lawyer
and human rights activist who spent his lifetime fighting apartheid, helped write the new Constitution
of
South
About
Africa.
Tang
Prize
The prize was founded in 2012 with the donation of 3 billion Taiwan dollars by Samuel Yin. Yin was
one
of
the
richest
men
in
Taiwan.
Yin had promised to donate 95 percent of his wealth to charity during his lifetime and according to
Forbes
magazines
prize
The
is
estimation,
named
after
His
net
Chinese
assets
are
Dynasty
4.5
Tang
billion
of
dollars.
618-907
AD.
Each winner of the prize gets 50 million Taiwan dollars (107 million US dollars). The prize will be 40
million
Taiwan
dollars
in
cash
and
the
remainder
in
grant
The Award is given in environment, human rights, medicine and Sinology categories.
The Wealth-X and UBS Billionaire Census 2014 was released on 17 September 2014. The census
looked at the global billionaire population from July 2013 to June 2014.
The Wealth-X and UBS Billionaire Census 2014 is the only comprehensive global study on the
composition and dynamics of the top-tier of the global ultra high net worth (UHNW) population.
It examined the top-tier wealth segment by geographical location, gender, sources of wealth and
personal traits.
Findings of the Wealth-X and UBS Billionaire Census 2014
155 new billionaires joined the billionaires group in 2014 pushing the global billionaire population
to 2325 which is a 7 percent rise from 2013.
The combined wealth of all the billionaires increased by 12 percent to 7.3 trillion US dollars. This
is higher than the combined market capitalisation of all the companies that make up the Dow
Jones Industrial Average.
Europe with 775 billionaires is the region with the most billionaires earning wealth of 2.37 trillion
US dollars. In 2013, North America was the region with the most billionaire wealth.
Asia shows the largest billionaire wealth increase with the billionaires wealth growing by 18.7
percent over 2013. Billionaire population in Asia grew by 10 percent in 2014 with 52 new entrants
into the billionaire club, out of which 33 are from China.
The United States maintained its position as the world's top billionaire country with a population of
571 billionaires in 2014.
China was listed on the second position with 190 billionaires in 2014 and the United Kingdom is
the third topmost billionaire country with 130 billionaires in 2014.
Latin America and the Caribbean region saw the most significant growth in terms of the size of its
billionaire population that grew to 37.8 percent in 2014.
The billionaire population in the Middle East region shrank by 1.9 percent. However, total
billionaire wealth in the region increased by 16.7 percent.
The billionaire population of Africa decreased by 4.8 percent but its billionaire wealth increased by
12.9 percent.
Pacific region witnessed no change in the billionaire population but the its total billionaire wealth
dropped by 2 percent.
Around 35 percent of the billionaires are concentrated in 20 cities. Moreover, only 5 percent of all
the billionaires are worth more than 10 billion US dollars.
The average wealth of billionaire rose by 4.4 percent in 2014 and the average age of the typical
billionaire came out to be 63 which is one year older than it was in 2013.
There are 2039 male billionaires accounting for 87.7 percent of the world's total billionaire wealth
of 7.3 trillion US dollars in 2014. Besides, there are 286 female billionaires accounting for a 12.3
percent share of global billionaire wealth in 2014.
As per the census, India retained its sixth position in terms of 100 number of billionaires
possessing wealth of 175 billion US dollars in networth. Moreover, India has more number of
billionaires than Switzerland, Hong Kong and France.
However, the number of billionaires decreased over last year as there were 103 billionaires in
2013.
The financial capital Mumbai comprises of 28 billionaires. Mumbai is among the top 20 billionaire
cities globally. New York topped the list of 20 billionaire cities which is home to 103 billionaires.
About Wealth-X
Headquartered in Singapore, Wealth-X has 13 offices across five continents.
Wealth-X is the authoritative source of intelligence on the ultra wealthy people with the largest
collection of research on ultra high net worth (UHNW) individuals. UHNW individuals are those who
possess assets of 30 million US dollars and above.
The Wealth-X Professional solution is the standard for banking, luxury marketing and not-for-profit
professionals working with the ultra prosperous people.
About UBS
Headquartered in Zurich and Basel, UBS is a global firm providing financial services to private,
corporate and institutional clients. UBS is present in all major financial centers and has offices in
over 50 countries. UBS celebrated its 150th anniversary in 2012.
UBS is the largest and strongest universal bank in Switzerland. Switzerland is the only country
where UBS operates in retail, corporate and institutional banking, wealth and asset management as
well as investment banking.
The 20th Asian Junior & Cadet Table Tennis Championship was held at Sardar Vallabhai Patel
Indoor Stadium in Mumbai from 12 to 16 September 2014. China topped the medals list with six
Gold medals (in singles and doubles and in team events), five silvers and four bronze medals.
The following are the ranks
Rank
Country
Medals
China
South Korea
Japan
Taipei
Hong Kong
North Korea
Results:
Junior Boys Singles
Gold Medal: Yu Ziyang (China)
Silver Medal: Liang Jingkun (China)
Junior Boys Doubles
Gold Medal: Kazuhiro Yoshimura and Yuma Tsuboi (Japan)
Silver Medal: Asuka Sakai and Yuto Kizukuri (Japan)
Junior Girls Singles
Gold Medal: Chen Xingtong (China)
Silver Medal: Wang Manyu
Junior Girls Doubles
Gold Medal: Wang Manuy and Chen Ke (China)
Silver Medal: Liu Gaoyang and Chen Xingtong (China)
Pope Francis on 17 September 2014 approved the cannonisation of Blessed Joseph Vaz as Saint.
Pope approved the vote by the Ordinary Session of Cardinals and Bishops in favor of canonization
of the Indian-born priest and decided to summon a Consistory shortly.
The sainthood will be given to Blessed Joseph Vaz, also called the Apostle of Sri Lanka during Pope
Francis' visit to the Sri Lanka in January 2015.
Tulu script Unicode version was released by the Karnataka Tulu Sahitya Academy on 15 September
2014. The release of the Unicode version will bring the Tulu script on the world language platform.
The software for Tulu script, so that it can be rendered into Unicode, was prepared by keyboard and
font specialist K.P. Rao and M.J. Thomas of Manipal.
The Unicode version was developed on the basis of the recommendation of the Dr. Radhakrishna
Committee constituted by the Karnataka Tulu Sahitya Academy. The other members of the
committee were Venkataraja Punanchittaya, who demonstrated that Tulu had its own script, and
S.A. Krishnaiah.
Finalisation of the Tulu script was largely influenced by Anjali script of Malayalam.
About
Tulu
script
Tulu script belongs to the Dravidian family of languages and is spoken in Tulu Nadu (coastal districts
of Udupi, Dakshina Kannada and Kasaragod districts).
Apart from Tulu Nadu, a significant emigrant population of Tuluva people is found in Maharashtra,
Bangalore, Anglosphere, United States, and the Gulf countries.
At present, most Tulu works are written in Kannada. Tulu script is almost similar to Malayalam script
and the font specialist prepared the software for Tulu to be rendered in Unicode.
Tulu literature available is translations works in Tulu from Sanskrit. They are
Mahabharata called as Tulu Mahabharato
Sri Bhagavata
Kaveri
Devi Mahatmyam
Nepal government cleared GMR Company proposal to build 900 MW Upper Karnali hydroelectric
power plant (HEP) in North-West Nepal. The proposal approved by Nepal Cabinet on 18 September
2014 is a part of foreign investment scheme in Nepal aimed at exporting electricity to India.
With the Nepal Cabinet passing the proposal, now the Investment Board Nepal will sign a Project
Development Agreement (PDA) with GMR to construct transmission lines across the border to
transmit the electricity to India.
The GMR is expected to complete the project in 2021 and will provide 12 percent energy free to
Nepal to ease a crippling power shortage in Nepal. Rest of the electricity will be exported to India.
According to the agreement, the GMR will give 27 percent of stake of the project to Nepal.
The GMR also will build a separate power house to generate two megawatts of electricity to be
supplied to villagers in Achham, Surkhet and Dailekh districts where the project will be located.
Indian low-cost carrier IndiGo on 17 September 2014 signed an agreement with Industrial and
Commercial Bank of China Ltd (ICBC) for purchasing 30 A320 aircrafts worth 2.6 billion US dollars.
The agreement was signed at an India-China business meeting. The meeting was organised by
Federation
of
Indian
Chambers
Highlights
of
Commerce
and
Industry
of
(FICCI)
at
New
the
Delhi.
agreement
ICBC will finance the no-frill airline plans of IndiGo to purchase over 30 aircrafts.
The Gurgaon-based carrier signed the memorandum of understanding (MoU) with the ICBC
Financial
Leasing
Company
Ltd
to
execute
the
deal.
Through the MoU, ICBC will provide IndiGo financial solutions for the introduction of A320 and the
other
family
of
aircraft
to
the
fleet
in
the
form
of
IndiGo is one of the few profitable airlines in India. The airline already has a relationship with ICBC
and this new effort to further explore the collaboration will cement the relationship for the longer
term.
The no-frill carrier has 81 aircraft in its fleet at present.
Chinese President Xi Jinping concluded his official visit to India on 19 September 2014. During his
visit, he signed several agreements including 20 billion US dollar investment on Infrastructure, Mass
rover,
Indian
Railways
and
Industrial
Parks
over
the
next
five
years.
This is the first time a Chinese president has traveled to India in the last eight years. His visit infused
a
new
vitality
in
the
relationship
of
the
two
countries.
China and India are the two most populous countries and fastest growing major economies in the
world. The resultant growth in China and India's international diplomatic and economic influence has
also
increased
the
significance
of
their
bilateral
relationship.
Their bilateral relationship is of critical significance to the regional and world pattern. As two
members of the BRICS group and the G20, China and India share extensive common interests in
issues such as the reform of international financial system, climate change, and international trade
negotiation.
Further, being the worlds oldest civilizations, the cultural and economic relations between China and
India date back to ancient times. The most famous cultural and economic connectivity between the
two nations was provided by the Silk Road. It not only served as a major trade route between India
and China, but is also credited for facilitating the spread of Buddhism from India to East Asia.
However, relations between contemporary China and India have been characterised by border
disputes, resulting in three major military conflicts the Sino-Indian War of 1962, the Chola incident
in
1967,
and
the
1987
Sino-Indian
skirmish.
Since the late 1980s, both countries have successfully attempted to reignite diplomatic and
economic ties. As a result, in 2008, China emerged as India's largest trading partner and the two
countries
have
also
attempted
to
extend
their
strategic
and
military
relations.
Both the countries have cooperated on regional issues like regional economic integration, the
Afghanistan issue and crackdown on terrorism. China is India's largest trading partner, and their
economic collaboration will inject vigorous impetus to the Indian economy.
ndia and China signed sixteen agreements to strengthen the strategic and bilateral relations
between the two countries. Of these sixteen, thirteen were signed on 18 September 2014 in New
Delhi and the three others were signed in Gujarat on 17 September 2014.
These agreements were signed in the presence of President of the Peoples Republic of China Xi
Jingping and Prime Minister of India, Narendra Modi. The agreements were signed during the threeday state visit of President of China from 17 September to 19 September 2014.
List of Documents signed during the State Visit of Chinese President Xi Jinping to India are
S.No
1.
Memorandum of
Understanding between
(Kailash Mansarovar
Yatra.
Memorandum of
Understanding between
of Peoples Republic of
China on strengthening
cooperation in Railways
Railway personnel,
(iv)Redevelopment of Railway
stations, (v)setting up of a Railway
University in India, etc.
3.
Government of Republic of
India and the National
Railway Administration of
the Government of
Peoples Republic of China
on strengthening
cooperation in Railways
4.
Economic Development
Ministry of Commerce of
Group
Agreement on Audio-
Visual Co-production
Information and
Broadcasting of the
State Administration of
market access.
Agreement
cooperation.
operation in Customs
matters
8.
9.
Memorandum of
Understanding between
National Space
Administration on
Cooperation in the
Memorandum of
Understanding between
China on Strengthening
centers.
Memorandum of
Understanding on
Cooperation between
State Administration of
other side.
Administration and
Cooperation
Agreement on establishing
Shanghai
13.
Memorandum of
Understanding between
Maharashtra Industrial
Development Corporation
setting up of industrial
parks in Maharashtra
14.
15.
Agreement on establishing
Establishes Sister-Province/State
Sister Province/State
relationship between
(Signed in Gujarat)
Agreement on establishing
Guangzhou
(Signed in Gujarat)
16.
Memorandum of
Understanding between
up of industrial parks in
Gujarat
people.
(Signed in Gujarat)
Apart from these agreements, the two countries also had discussion on the border issue shared by
the two nations that is also termed as LAC (Line of Actual Control). During the talks, the two leaders
agreed and committed to resolve the border dispute through friendly consultation at an early date, so
that peace and cooperation between the two countries lasts long.
However, in relation to repeated incursions by Chinese troops in the Indian side, Xi described that as
the border between the two countries is not demarcated so such incidents would occur but both
sides are much capable of effectively managing the situation through border-related mechanisms, so
that they do not have big impact on the bilateral relations of the two countries.
Commentary and Analysis
These sixteen pacts between India and China will enhance the diplomatic relations between the two
countries. Xi Jingping is the first President of China to visit India in past eight years and also the first
Chinese leader to be given a public reception in six decades. Last such kind of public welcome was
given to Zhou Enlai on 28 June 1954. But after that visit of Enlai, the two countries saw 1962 war on
its border. This time also the same kind of welcome was given to Xi Jing Ping but during his visit the
army of the two nations faced off each other in at Spanggur Gap in south-eastern Ladakh in crucial
Chumar region of Jammu and Kashmir. These incursions are being repeated even after the two
sides in 2005 signed a protocol on Modalities for the Implementation of Confidence Building
Measures in the Military Field Along the Line of Actual Control in the India-China Border
Areas.
Its time to see forward that the issue related to border sharing and repeated incursions will come to
an end with discussions and talks or else end with a similar war unlike 1962. The true meaning of
the term Inch towards Miles defined by Narendra Modi in terms of India-China ties is dependent on
the development and changes in the diplomatic and strategic relations of the two nations.
ndia and China signed sixteen agreements to strengthen the strategic and bilateral relations
between the two countries. Of these sixteen, thirteen were signed on 18 September 2014 in New
Delhi and the three others were signed in Gujarat on 17 September 2014.
These agreements were signed in the presence of President of the Peoples Republic of China Xi
Jingping and Prime Minister of India, Narendra Modi. The agreements were signed during the threeday state visit of President of China from 17 September to 19 September 2014.
List of Documents signed during the State Visit of Chinese President Xi Jinping to India are
S.No
1.
Memorandum of
Understanding between
(Kailash Mansarovar
Yatra.
Memorandum of
Understanding between
of Peoples Republic of
China on strengthening
cooperation in Railways
Railway personnel,
(iv)Redevelopment of Railway
stations, (v)setting up of a Railway
University in India, etc.
3.
Government of Republic of
India and the National
Railway Administration of
the Government of
Peoples Republic of China
on strengthening
cooperation in Railways
4.
Economic Development
Ministry of Commerce of
Group
Agreement on Audio-
Visual Co-production
Information and
Broadcasting of the
State Administration of
market access.
Agreement
cooperation.
operation in Customs
matters
8.
Memorandum of
Understanding between
National Space
Administration on
Cooperation in the
9.
Memorandum of
Understanding between
China on Strengthening
centers.
Memorandum of
Understanding on
Cooperation between
State Administration of
other side.
Administration and
Cooperation
Agreement on establishing
Shanghai
13.
Memorandum of
Understanding between
Maharashtra Industrial
Development Corporation
setting up of industrial
parks in Maharashtra
14.
15.
Agreement on establishing
Establishes Sister-Province/State
Sister Province/State
relationship between
(Signed in Gujarat)
Agreement on establishing
Guangzhou
(Signed in Gujarat)
16.
Memorandum of
Understanding between
up of industrial parks in
Gujarat
people.
(Signed in Gujarat)
Apart from these agreements, the two countries also had discussion on the border issue shared by
the two nations that is also termed as LAC (Line of Actual Control). During the talks, the two leaders
agreed and committed to resolve the border dispute through friendly consultation at an early date, so
that peace and cooperation between the two countries lasts long.
However, in relation to repeated incursions by Chinese troops in the Indian side, Xi described that as
the border between the two countries is not demarcated so such incidents would occur but both
sides are much capable of effectively managing the situation through border-related mechanisms, so
that they do not have big impact on the bilateral relations of the two countries.
Commentary and Analysis
These sixteen pacts between India and China will enhance the diplomatic relations between the two
countries. Xi Jingping is the first President of China to visit India in past eight years and also the first
Chinese leader to be given a public reception in six decades. Last such kind of public welcome was
given to Zhou Enlai on 28 June 1954. But after that visit of Enlai, the two countries saw 1962 war on
its border. This time also the same kind of welcome was given to Xi Jing Ping but during his visit the
army of the two nations faced off each other in at Spanggur Gap in south-eastern Ladakh in crucial
Chumar region of Jammu and Kashmir. These incursions are being repeated even after the two
sides in 2005 signed a protocol on Modalities for the Implementation of Confidence Building
Measures in the Military Field Along the Line of Actual Control in the India-China Border
Areas.
Its time to see forward that the issue related to border sharing and repeated incursions will come to
an end with discussions and talks or else end with a similar war unlike 1962. The true meaning of
the term Inch towards Miles defined by Narendra Modi in terms of India-China ties is dependent on
the development and changes in the diplomatic and strategic relations of the two nations.
ndia and China signed sixteen agreements to strengthen the strategic and bilateral relations
between the two countries. Of these sixteen, thirteen were signed on 18 September 2014 in New
Delhi and the three others were signed in Gujarat on 17 September 2014.
These agreements were signed in the presence of President of the Peoples Republic of China Xi
Jingping and Prime Minister of India, Narendra Modi. The agreements were signed during the threeday state visit of President of China from 17 September to 19 September 2014.
List of Documents signed during the State Visit of Chinese President Xi Jinping to India are
S.No
1.
Memorandum of
Understanding between
(Kailash Mansarovar
Yatra.
Memorandum of
Understanding between
of Peoples Republic of
China on strengthening
cooperation in Railways
Railway personnel,
(iv)Redevelopment of Railway
stations, (v)setting up of a Railway
Government of Republic of
India and the National
Railway Administration of
the Government of
Peoples Republic of China
on strengthening
cooperation in Railways
4.
Economic Development
Ministry of Commerce of
Group
Agreement on Audio-
Visual Co-production
Information and
Broadcasting of the
State Administration of
market access.
Agreement
cooperation.
operation in Customs
matters
8.
Memorandum of
Understanding between
National Space
9.
Administration on
Cooperation in the
Memorandum of
Understanding between
China on Strengthening
centers.
Memorandum of
Understanding on
Cooperation between
State Administration of
other side.
Administration and
Cooperation
Agreement on establishing
Shanghai
13.
Memorandum of
Understanding between
Maharashtra Industrial
Development Corporation
setting up of industrial
parks in Maharashtra
14.
15.
Agreement on establishing
Establishes Sister-Province/State
Sister Province/State
relationship between
(Signed in Gujarat)
Agreement on establishing
Guangzhou
(Signed in Gujarat)
16.
Memorandum of
Understanding between
up of industrial parks in
Gujarat
people.
(Signed in Gujarat)
Apart from these agreements, the two countries also had discussion on the border issue shared by
the two nations that is also termed as LAC (Line of Actual Control). During the talks, the two leaders
agreed and committed to resolve the border dispute through friendly consultation at an early date, so
that peace and cooperation between the two countries lasts long.
However, in relation to repeated incursions by Chinese troops in the Indian side, Xi described that as
the border between the two countries is not demarcated so such incidents would occur but both
sides are much capable of effectively managing the situation through border-related mechanisms, so
that they do not have big impact on the bilateral relations of the two countries.
Commentary and Analysis
These sixteen pacts between India and China will enhance the diplomatic relations between the two
countries. Xi Jingping is the first President of China to visit India in past eight years and also the first
Chinese leader to be given a public reception in six decades. Last such kind of public welcome was
given to Zhou Enlai on 28 June 1954. But after that visit of Enlai, the two countries saw 1962 war on
its border. This time also the same kind of welcome was given to Xi Jing Ping but during his visit the
army of the two nations faced off each other in at Spanggur Gap in south-eastern Ladakh in crucial
Chumar region of Jammu and Kashmir. These incursions are being repeated even after the two
sides in 2005 signed a protocol on Modalities for the Implementation of Confidence Building
Measures in the Military Field Along the Line of Actual Control in the India-China Border
Areas.
Its time to see forward that the issue related to border sharing and repeated incursions will come to
an end with discussions and talks or else end with a similar war unlike 1962. The true meaning of
the term Inch towards Miles defined by Narendra Modi in terms of India-China ties is dependent on
the development and changes in the diplomatic and strategic relations of the two nations.
ndia and China signed sixteen agreements to strengthen the strategic and bilateral relations
between the two countries. Of these sixteen, thirteen were signed on 18 September 2014 in New
Delhi and the three others were signed in Gujarat on 17 September 2014.
These agreements were signed in the presence of President of the Peoples Republic of China Xi
Jingping and Prime Minister of India, Narendra Modi. The agreements were signed during the threeday state visit of President of China from 17 September to 19 September 2014.
List of Documents signed during the State Visit of Chinese President Xi Jinping to India are
S.No
1.
Memorandum of
Understanding between
(Kailash Mansarovar
Yatra.
Memorandum of
Understanding between
of Peoples Republic of
China on strengthening
cooperation in Railways
Railway personnel,
(iv)Redevelopment of Railway
Government of Republic of
India and the National
Railway Administration of
the Government of
Peoples Republic of China
on strengthening
cooperation in Railways
4.
Economic Development
Ministry of Commerce of
Group
Agreement on Audio-
Visual Co-production
Information and
Broadcasting of the
State Administration of
market access.
Agreement
cooperation.
operation in Customs
matters
8.
Memorandum of
Understanding between
9.
National Space
Administration on
Cooperation in the
Memorandum of
Understanding between
China on Strengthening
centers.
Memorandum of
Understanding on
Cooperation between
State Administration of
other side.
Administration and
Cooperation
12.
Agreement on establishing
Shanghai
13.
Memorandum of
Understanding between
Maharashtra Industrial
Development Corporation
setting up of industrial
parks in Maharashtra
14.
15.
Agreement on establishing
Establishes Sister-Province/State
Sister Province/State
relationship between
(Signed in Gujarat)
Agreement on establishing
Guangzhou
(Signed in Gujarat)
16.
Memorandum of
Understanding between
up of industrial parks in
Gujarat
people.
(Signed in Gujarat)
Apart from these agreements, the two countries also had discussion on the border issue shared by
the two nations that is also termed as LAC (Line of Actual Control). During the talks, the two leaders
agreed and committed to resolve the border dispute through friendly consultation at an early date, so
that peace and cooperation between the two countries lasts long.
However, in relation to repeated incursions by Chinese troops in the Indian side, Xi described that as
the border between the two countries is not demarcated so such incidents would occur but both
sides are much capable of effectively managing the situation through border-related mechanisms, so
that they do not have big impact on the bilateral relations of the two countries.
Commentary and Analysis
These sixteen pacts between India and China will enhance the diplomatic relations between the two
countries. Xi Jingping is the first President of China to visit India in past eight years and also the first
Chinese leader to be given a public reception in six decades. Last such kind of public welcome was
given to Zhou Enlai on 28 June 1954. But after that visit of Enlai, the two countries saw 1962 war on
its border. This time also the same kind of welcome was given to Xi Jing Ping but during his visit the
army of the two nations faced off each other in at Spanggur Gap in south-eastern Ladakh in crucial
Chumar region of Jammu and Kashmir. These incursions are being repeated even after the two
sides in 2005 signed a protocol on Modalities for the Implementation of Confidence Building
Measures in the Military Field Along the Line of Actual Control in the India-China Border
Areas.
Its time to see forward that the issue related to border sharing and repeated incursions will come to
an end with discussions and talks or else end with a similar war unlike 1962. The true meaning of
the term Inch towards Miles defined by Narendra Modi in terms of India-China ties is dependent on
the development and changes in the diplomatic and strategic relations of the two nations.
Rajasthan became the first Indian state to ratify the National Judicial Appointments Commission
(NJAC) Bill 2014. The Bill was unanimously passed by the Legislative Assembly of Rajasthan on 17
September
2014.
The Assembly of Rajasthan also adopted the 121st Constitutional Amendment Bill that mentions
about
National
Judicial
Appointments
Commission
(NJAC).
The Bill seeks to end the two-decade-old collegium system of appointments and transfers of judges
to higher judiciary. It lays down the procedure to be followed by the NJAC for recommending
persons for appointment as Chief Justice of India and other judges of the Supreme Court, and Chief
Justice and other judges of High Courts.
After the Parliament passed the Bill in August 2014, the NJAC Bill was sent to States in accordance
to Article 368 of the Constitution of India. Article 368 empowers the Parliament to amend the
Constitution but the amendment is required to be ratified by the legislatures of not less than one-half
of the states by resolutions to that effect before the amendment Bill can be presented to the
President for assent.
As a result, NJAC Bill needs endorsement by at least 15 states before sending it for the Presidential
assent. The bill will become an Act, once it receives the presidential nod.
Article 368 of the Constitution
Article 368 in Part XX of the Constitution of India mentions the provisions of Amendment of
Constitution. The Article 368 gives power of Parliament to amend the Constitution and procedure
thereof.
In sub-section 368(2) states that any amendment that seeks to make any change in
(a) Article 54, Article 55, Article 73, Article 162 or Article 241, or
(b) Chapter IV of Part V, Chapter V of Part VI, or Chapter I of Part XI, or
(c) Any of the Lists in the Seventh Schedule, or
(d) The representation of States in Parliament, or
(e) The provisions of this article
the amendment shall also require to be ratified by the Legislatures of not less than one-half of the
States by resolutions to that effect passed by those Legislatures before the Bill making provision for
such amendment is presented to the President for assent. Nothing in article 13 shall apply to any
amendment made under this article.
The President Pranab Mukherjee was on a visit to the Socialist Republic of Vietnam from 14 to 17
September 2014. During his visit, he held bilateral talks with President Truong Tan Sang and met
Prime Minister of Vietnam, Nguyen Tan Dung. They exchanged views on the socio-economic
developments and foreign policy of their respective countries, bilateral relations and issues of mutual
interest.
Both the countries Presidents jointly inaugurated the Center for Indian Studies at the Ho Chi Minh
National Academy of Politics and Public Administration. India also will commence the restoration
work of the Cham Monument at My Son in Vietnam.
President Pranab Mukherjee visited cultural and historical sites as well as interacted with the
common people.
He gifted a sapling of the Holy Bodhi Tree from Bodh Gaya to Vietnam President Truong Tan Sang,
which is a symbol of shared Buddhist heritage between the two countries. He also visited the Tran
Quoc Pagoda where a Bodhi tree was planted by the first President of India Rajendra Prasad in
1959.
He also visited the War Remnants Museum and Cu Chi Tunnels in Ho Chi Minh City which record
and demonstrate the stubborn spirit and courage of the Vietnamese people who have emerged
victorious against tremendous odds.
President Pranab Mukherjee invited the Prime Minister of Vietnam Nguyen Tan Dung to India and he
is scheduled to visit India in October 2014.
Both the countries concluded 7 Memorandum of Understanding (MoUs) which will provide the
institutional framework for mutually beneficial exchanges. The signed pacts will enhance the
diplomatic relations and partnership of two countries.
The Reserve Bank of India (RBI) on 17 September 2014 proposed to segregate the post of
Chairman and Managing Director (CMD) of Public Sector Undertaking (PSU) banks. It also proposed
a separate committee for appointment of directors on the board of PSU banks.
These proposals are a part of corporate governance reforms in PSU banks and are based on the
recommendations of various committees including the PJ Nayak Committee recommendations.
The proposal of RBI may delay the appointments of Chairman in at least ten PSU banks or may
bring changes in the top management of the PSU banks. Already top position of 4 PSU banks is
lying vacant which are likely to be filled once government finalises the new norms for appointment of
bank chairman.
At present, the post of CMD in PSU banks is vested with one person only. As a result CMDs of PSU
banks enjoy absolute power and often dominate the board during their tenure.
The only exception among the PSU banks is State Bank of India where the top position is
commanded by the chairman and there are four managing directors with clearly defined executive
roles.
Union Textiles Ministry on 18 September 2014 approved setting up of 13 textile parks. This move will
help
generate
thousands
of
jobs
in
the
country.
The investment proposal of minimum 100 crore rupees will be considered for each park. However,
the subsidy amount of 40 crore rupees for each park will be provided by the Ministry.
An industrial park will provide jobs to at least 2500 to 3000 people as the textile industry generates
maximum
employment
after
agriculture.
Besides, the Textile Ministry also called a meeting of State Textile Ministers on 24 September 2014
to seek the inputs on new National Textile Policy.
Draft
Vision,
Strategy
and
Action
plan
of
the
new
National
Textile
Policy
Seeing the changes in the textile industry on the domestic and international fronts, the Textiles
Ministry had initiated the process of reviewing the National Textile Policy (NTP), 2000. Ministry in
June 2013 appointed an Expert Committee headed by Ajay Shankar to review the NTP, 2000 and
recommend
new
National
Textile
Policy.
According to the draft Vision, Strategy and Action plan of the new Textile Policy, the overall aim of
the new Textile policy would be to address concerns of adequate skilled work force, labour reforms,
attract investments in the textile sector and to provide a future road map for the textile and clothing
industry.
The key objectives of the new National Textiles Policy include developing a vision statement of the
textile sector for the next decade to treble market share from the current 4 percent in the next
decade.
About
National
Textile
Policy,
2000
Government of India passed the National Textile Policy in 2000. The policy aimed at developing a
strong
and
vibrant
Textile
industry
that
can:
Achieve the target of textile and apparel exports from the present level of 11 billion US dollar to 50
billion US dollars by 2010 of which the share of garments will be 25 billion US dollars.
Produce cloth of good quality at acceptable prices to meet the growing needs of the people
Increasingly contribute to the provision of sustainable employment and the economic growth of the
nation
Compete
with
confidence
for
an
increasing
share
of
the
global
market.
Achieve increase in cotton productivity by at least 50 percent and upgrade its quality to
international standards
Indian Air Force on 18 September 2014 gifted a vintage Dakota aircraft from its museum to
Bangladesh Air Force. The Dakota aircraft was given on a formal request from Bangladesh Air Force
to
review
and
revive
the
historic
ties
between
the
two
countries.
The aircraft was handed over to Air Marshal Muhammad Enamul Bari, Chief of Bangladesh Air
Force by Air Marshal SS Soman, Air Officer Commanding in Chief (AOC-in-C), Western Air
Command of Indian Air Force in a ceremony at Air Force Station Palam, New Delhi.
About
Dakota
aircraft
The Dakota aircraft played a crucial role in liberation of Bangladesh and formation of Bangladesh Air
Force. The aircraft was used for air dropping Army troops in Bangladeshs Tangail during the 1971
war. It was also used for transporting troops in Srinagar during the 1947-48 war with Pakistan for
protecting
Kashmir
Valley
from
raiders
from
across
the
border.
Dakota was the first transport aircraft to be landed at the heights of 11500 feet in Leh by legendary
pilot Wing Commander Mehar Singh.
Infosys Ltd on 18 September 2014 signed three partnership agreements with Microsoft Corporation,
Hitachi
Data
Systems
(HDS)
and
China-based
telecom
vendor
Huawei
individually.
The agreement is signed for cloud, big data and Hitachi Data Systems. Infosys was already in
partnership with Microsoft Corporation and Hitachi Data Systems (HDS).
Union Sports Ministry on 17 September 2014 finally agreed to honour Boxer Manoj Kumar with
Arjuna Award.
The decision to give Arjuna Award to Manoj Kumar came after Manoj Kumar approached the Delhi
High Court challenging the Arjuna Awards list prepared by the Kapil Dev led Selection Committee.
The Committee had instead nominated Boxer Jai Bhagwan for the Award.