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CURRENTAFFAIRS

October 2015

January 2, 2012

September 2015 |
August 2015 |
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Government to allow QFIs to invest in India

The Government has started the New Year with an important policy change

deciding to allow the Qualified Foreign Investors to invest in Indian equity markets

The Qualified Foreign Investor is an individual or group or association resident i

June 2015 |
May 2015 |

Current Affairs: January 2, 2012

foreign country that is compliant with Financial Action Task Force standards of
|

April 2015 |
March 2015 |

government of India. QFIs do not include Foreign Institutional Investors or s

accounts.

The objective of this policy change is to broaden the class of investors investing

India, attract more foreign funds and reduce market volatility and deepen the cap

February 2015 |

market. The move was expected as there was a significant foreign capital outflo

January 2015 |

from the domestic equity market in recent times, leading to volatility in Rupee.

Current Affairs 2014

CEC pitches for Constitutional amendment for protection of ECs

Indias Chief Election Commissioner S Y Quraishi says that there is need fo

Current Affairs 2013

Constitutional amendment to give protection to the Election Commissioners, so t

Current Affairs 2012

they are not under any pressure.

Current Affairs 2011

As per article 324 (2) of Constitution of India, Election commission consists of

E-Book Compilations

Chief Election Commissioner and such number of other Election Commissioner

any, as the President may from time to time fix and the appointment of the Ch

CURRENTAFFAIRSCATEGORY

Election Commissioner and other Election Commissioners shall, subject to

October 2015

provisions of any law made in that behalf by Parliament, be made by the Presiden

National Current Affairs

There are two election commissioners in India by convention. The Constitut

State Current Affairs

provides protection to the chief election commissioner by making a provision t

Chief Election Commissioner shall not be removed from his office except in

International Affairs

manner and on the like grounds as a Judge of the Supreme Court and the conditi

Business & Economy

of service of the Chief Election Commissioner shall not be varied to

Banking Current Affairs

Science & Techonlogy

disadvantage after his appointment. However, there are no such protect

provisions in regard with Election Commission.

Mr. Quraishi also favours automatic elevation of the senior-most EC to the pos

Environment Current Affairs |

Chief Election Commissioner. He says that two ECs who do not enjoy Constitutio

Bills and Acts

protection under the law, be given the status as they should not feel they are

Defence Current Affairs

Persons in News
Places in News

probation.
India and Macau to sign DTAA
Indias latest DTAA (Double Taxation Avoidance Agreement) will be with Macau.

DTAA would facilitate the exchange of tax-related and banking information betw

Awards & Honours

the two and prevent tax evasion.

Sports Current Affairs

Macau is one of the most well-known offshore financial centres and tax hav

Art & Culture in Current Affairs

worldwide. The agreement will also help create a better investment climate
Indian businesses in Macau and vice-versa.
Iran test fires missile

Iran has successfully test fired a medium-range surface-to-air missile during n

war games taking place near the strategic Strait of Hormuz. This medium-ran

surface-to-air missile is equipped with the latest technology to combat rad

evading targets and intelligent systems which try to disrupt missile navigation.

This was for the first time that Iran had tested the missile. The missile w

domestically designed and built. The missiles launch and the war games are me

to show Irans military capabilities at a time that the United States and other West
nations are increasing pressure over Tehrans nuclear programme.
US blocks aid to Pakistan

United states has suspended a 1.1 billion dollar military aid to Pakistan. T

suspension is a part of a massive 662-billion dollar defence spending bill wh

President Obama is expected to sign this year. The aid was to be given to Pakis
under category Pakistan Counter-insurgency Fund.
India-Pakistan exchange list of Nuclear Installations

On January 1, 2012 , India and Pakistan have exchanged the list of nucl

installations and facilities covered under the Agreement on the Prohibition of Att
against Nuclear Installations between two countries.

The agreement was signed on December 31, 1988 and entered into force on Janu

27, 1991. The agreement makes a provision that two countries inform each othe

nuclear installations and facilities to be covered under the Agreement on the firs
January of every calendar year. The exchange of information took place
diplomatic channels.
Sikkim Rail Project

The government has clarified that the Rs. 1340 crore rail project connecting Rang

in Sikkim to the rest of the country via Sevoke in West Bengal is expected to
completed by 2015. This rail connection would be the first step towards linking
capital of the small and landlocked border state of Sikkim to other parts of
nation.
Andhra Pradesh increases upper age limit for joining Government services

Describing it as a new year gift to the state public, the Andhra Pradesh governm

has increased the upper age limit for joining state government services. The up

age limit has been increased for all categories including the physically handicapp

The age bar for the General Category has been raised to 36 years from the pres

34 years. It is increased to 41 years in case of SC, ST, and BCs. The age bar is rai
to 46 years from the current 44 years for the physically handicapped.

Similarly, the age bar is raised by two years for the existing state governm
employees and physically handicapped employees.

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Comments
Madurai KALAICHELVAN . A January 2, 2012 Log in to Reply
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