Current Affairs, News & Facts of 18 Feb 2015

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  • Government has imposed an anti-dumping duty on imports of cheap graphite electrodes to protect the domestic manufacturers. - read more cat
  • The 5th India-Myanmar Joint Trade Committee (JTC) meeting concludes in Nay Pyi Taw. 
    • Both neighbours decided to strengthen the trade relations especially in the field of promoting two-ways investment, infrastructure development particularly to promote border trade, connectivity, agriculture, energy, skill and entrepreneurial development, pharmaceutical and people-to-people contacts.
    • India offered assistance to develop infrastructure at the border trade points, upgrade trade training institutes in Yangon, and also provide training to Myanmar officials on WTO and international trade related issues besides supporting subsidized direct shipping links between India and Myanmar to promote bilateral trade.
    • A land custom station will be jointly set up the at the Zawkhatar in Mizoram. The next Joint Trade and Investment Forum in Chennai.
  • Infosys to acquire automation startup 'Panaya Technology' in a deal worth Rs 1200 crore
    • Panaya would help Infosys reduce risks, costs and time by inducing automation to several service lines through cloud computing.
    • Panaya's strength is in utilizing hard core math to solve problems such as upgrades, extensions, testing, etc.
    • Infosys - Indian software giant - is looking to renew and differentiate its offerings from being service based to software focused.
  • RE-INVEST 2015 concludes with staggering commitments worth 2,66,000 MW of Green Energy
    • The promise came from 14 banks and financial institutions, 8 PSUs and private manufacturers, and 15 private sector companies.
    • Re-invest 2015 was a global investors meet & expo aimed to attract foreign investment in the country in the renewable energy sector.
    • 2800 delegates from 42 countries participated in the three day RE-INVEST 2015.

2nd Aug

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