Current Affairs, News & Facts of 25 Aug 2015

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  • India, Nepal ink MoU to construct Raxaul-Amlekhgunj oil pipeline


    India, Nepal ink MoU to construct Raxaul-Amlekhgunj oil pipeline


    • India and Nepal signed an MoU for the construction of 41-km Raxaul-Amlekhgunj oil pipeline. The MoU was signed between Nepal's Minister for Commerce and Supplies Sunil Bahadur Thapa and Indian Minister for Petroleum and Natural Gas Dharmendra Pradhan.
    • This pipeline will be the first of its kind project between two neighbouring countries in the SAARC region in the oil and gas sector. It would would promote bilateral cooperation in the oil and gas sector and secure long-term supply of petroleum products to Nepal.

    Key facts of the MoU:-

    • The MoU will Secure long term supply of petroleum products including petrol, diesel and kerosene to the Himalayan country as it solely depends on India for all of its petrofuel requirements worth some 41 billion dollars.
    • The project for the construction of 41-km Raxaul-Amlekhgunj oil pipeline will be completed in two phases. In the first phase, a petroleum products pipeline from Raxaul in India to Amlekhgunj in Nepal would be constructed.
    • The Indian Oil Corporation (IOC) will bear an expense of INR 200 crore for the first phase of the project while Nepal Oil Corporation (NOC) will also contribute INR 75 crore for re-engineering the Amlekhgunj Depot
    • Thirty-nine kilometres of the proposed cross-border petroleum pipeline lies in Indian territory and the remaining two kilometres in Nepal.

    Image source :newsx

  • Justice Tahaliyani sworn in as Maharashtra Lokayukta


    Justice Tahaliyani sworn in as Maharashtra Lokayukta


    Justice Madanlal Laxmandas Tahaliyani, a retired judge of Bombay High Court, has been sworn in as the new Maharashtra Lokayukta.Tahaliyani succeeds Justice (retd) P B Gaikwad, whose term as Maharashtra Lokayukta ended on July 1, 2014. Governor C Vidyasagar Rao administered the oath of office to Justice Tahaliyani at a brief ceremony held at the Darbar Hall of Raj Bhavan 

    About Madanlal Laxmandas Tahaliyani :-

    • Justice Tahaliyani was born on December 23, 1953 in Sardar Shahar, Rajasthan. He started his legal practice in May 1975 in the cities of Gondiya and Chandrapur in Maharashtra. In 1977 Tahaliyani was appointed assistant public prosecutor in Gadchiroli district with jurisdiction over Gadchiroli, Sironcha, Desaiganj and Warora.
    • In the long journey of his career he rose up to be the Judge of the Bombay High Court. In his career, Tahaliyani had presided over several high-profile trials including the 26/11 attacks, the money laundering case involving businessman Hasan Ali and Gulshan Kumar murder case.
    • Judge Tahaliyani pronounced his historic verdict on May 6, 2010, holding Kasab guilty for his role in the Mumbai terror attacks and awarded him the death sentence which was later upheld by the Bombay High Court and the Supreme Court after which Kasab was sent to the gallows and hanged in Yerawada Central Jail, Pune, on November 21, 2012
  • Amol Palekar appointed chairman of India’s Oscar jury   


    Amol Palekar appointed chairman of India’s Oscar jury


    • Veteran actor-filmmaker Amol Palekar has been appointed the chairman of India’s Oscar jury by the Film Federation of India (FFI), the body which selects the country’s official entry in the Best Foreign Film category of the prestigious Academy Awards. He will succeed veteran film directors Hariharan and Goutam Ghose as the chairman of the committee
    • Amol Palekar will be heading a 17-member jury from September 17 to September 24 that will select India’s official entry for the 88th Academy Awards, to be held in Los Angeles on February 28
    • Amol Palekar's directorial film Paheli was chosen as India’s official entry for the Academy Awards in 2005. He is  known for his roles in films like Rajnigandha, Chhoti Si Baat, Chitchor and Golmaal.He has also directed National Award-winning films like Dhyaas Parva and Quest. He was last seen in the Marathi film Samantar with Sharmila Tagore.

    Awards and honours: He received one Filmfare award and six State awards as Best Actor.

    Note : Mother India, Salaam Bombay!  Lagaan: Once Upon a Time in India are the Indian films that made it to the top five at the Academy Awards

    Image source :indianexpress

  • North, South Korea agree to defuse crisis after reaching an agreement to ease tensions


    North, South Korea agree to defuse crisis after reaching an agreement to ease tensions


    • North and South Korea reached agreement  to ease tensions and both the countries have stepped back from the brink of an armed clash.The deal comes after North Korea expressed regret over a landmine incident that wounded two South Korean soldiers this month and  South Korea also agreed to halt anti-Pyongyang propaganda broadcasts
    • The two also agreed to work towards a resumption next month of reunions for families separated by the 1950-53 Korean War, and to hold official talks in either Seoul or Pyongyang at a date to be decided.
    • The negotiations in the border truce village of Panmunjom had played out against a dangerous military stand-off, which triggered a rare artillery exchange over the border last week.
    • The talks between both the countries begun early on Saturday evening, shortly after the passing of a North Korean deadline for Seoul to halt its propaganda broadcasts or face military action

    Image source : news.lokalee

  • UNFCCC, MSSRF to work for the mission of coastal resource conservation


    UNFCCC, MSSRF to work for the mission of coastal resource conservation


    • United Nations Framework Convention on Climate Change (UNFCCC) and the Chennai-based MS Swaminathan Research Foundation (MSSRF) have decided to work together for the conservation of coastal resources in Andhra Pradesh.
    • The UNFCCC has sanctioned Rs. 3.8 crore for the potential adaptation strategy of MSSRF in Krishna district through an ‘adaptation fund'. The objective of the adaptation initiative is to overcome the consequences of sea level rise and seawater inundation following cyclones

    Key facts :-

    • A roadmap to improve the mangrove forest cover in 200 acres and fish cultivation in around 50 acres of mangrove forest has been prepared which will be executed soon.
    • The abandoned land will be brought under fish cultivation, while landless families will be involved in cage cultivation in three villages-Sorlagondi and Nali in Nagayalanka mandal and Basavanipalem in Koduru mandal.
    • Cage cultivation would be encouraged in brackish water by setting up as many as 10 cages in the three villages adopted by Swaminathan Research Foundation.The UNFCCC will release the adaptation fund through the National Bank for Agriculture and Rural Development (Nabard).
  • A P Shah Committee recommends MAT relief to FIIs


    A P Shah Committee recommends MAT relief to FIIs


    • AP Shah committee that was appointed by Union Finance Ministry  has recommended that there was no case for imposing the controversial minimum alternate tax  (MAT) on Foreign Institutional Investor (FIIs) retrospectively.
    • This recommendation is considered as a big relief to FIIs as government had exempted them from MAT starting April 1, 2015 in the Union Budget for 2015-16 but had not made the clarification retrospective imposition.
    • Revenue Department is also planning to come out with the roadmap to give effect to the proposal of reducing corporate tax from 30 per cent to 25 per cent over a period of 4 years. The roadmap will deal with the withdrawal of tax exemptions which will be gradually eliminated.

    Image source :economictimes


2nd Aug

Exam Date : 02-08-2016

Exam Time : 07:15:00

Ques/Time : 6/5 min


Exam Date : 01-08-2016

Exam Time : 06:00:00

Ques/Time : 8/5 min

Todays test

Exam Date : 22-07-2016

Exam Time : 05:10:00

Ques/Time : 3/5 min