Current Affairs, News & Facts of 25 Oct 2015

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  • Nasser Khan Janjua appointed as National Security Advisor of Pakistan

     

    Nasser Khan Janjua appointed as National Security Advisor of Pakistan

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    • Retired Lieutenant General Nasser Khan Janjua has been appointed as the new National Security Advisor (NSA) of Pakistan. His appointment will increase army’s hold on the security affairs of the country.
    • He will take the charge from Sartaj Aziz,86,who had been holding dual offices of NSA and Adviser on Foreign Affairs, with status of a federal minister but now the appointment of the new NSA will help Mr Aziz to concentrate on diplomatic affairs.
    • Mr Janjua had retired earlier this month as chief of Southern Command which is based at Quetta in Balochistan province. Mr Janjua has also served as the President of the National Defence University and has worked on military preparedness exercise ‘Azm-e-Nau’, which manily focuses on India. Mr Janjua's immediate task will be to concentrate on security ties with India in the east and Afghanistan in the west.

    Strategical Importance :-

    The appointment of Retired Lieutenant General Nasser Khan Janjua as the National Security Advisor (NSA) of Pakistan signals outthe powerful army's increasing grip on security affairs of the country and its dealings with India.His appointment will increase army's hold on the security affairs of the country.

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  • First World Indigenous Games begins in Palmas, Brazil

     

    First World Indigenous Games begins in Palmas, Brazil

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    • The first World Indigenous Games has started in the northern Brazilian city of Palmas.Palmas, is a steamy agricultural outpost in central Brazil the Games are nine-day event in which around 2,000 native people from dozens of Brazilian tribes and nearly 20 countries will participate.
    • Multi-sport event was presented in the opening ceremony which was attended by Brazilian President Dilma Rousseff.The event included a parade of people in native dress ranging from tropical-friendly straw skirts and feathers to Artic furs.
    • The World Indigenous Games, includes events such as canoeing, archery and tug-of-war and a race through the forest. Some non-competitive events will be also hosted to showcase different traditions of indigenous ethnic groups.
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  • Finance Ministry imposes anti-dumping duty on Chinese auto parts

     

    
Finance Ministry imposes anti-dumping duty on Chinese auto parts

    • The finance ministry has imposed anti-dumping duties on imported Chinese parts used in commercial vehicles for a period of five years.These decisions were taken following recommendations of the directorate-general of anti-dumping and allied duties.
    • The duties were slapped on Chinese items imported into India at prices less than even cost of production, such as front-axle beam and steering knuckles meant for heavy and medium commercial vehicles.

    Anti-dumping duty has also been levied on:-

    • Anti-dumping duty has also been levied on fully-drawn or fully-oriented yarn, spin-drawn yarn, and flat yarn of polyester (non-textured) 
    • imported from China and Thailand.
    • Plain medium density fibre board of thickness 6 mm and above, imported from China, Malaysia, Thailand and Sri Lanka for a period of five years.
    • Hexamine, which is used in making of phenolic resins, would draw these duties for five years, if imported from China and the United Arab Emirates.

    What is Anti-dumping duty ?

    'Anti-Dumping Duty' is a protectionist tariff that a domestic government imposes on foreign imports that it believes are priced below fair market value. 
    It varies from product to product and from country to country.

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  • Japan offers soft loan for bullet train project

     

    Japan offers soft loan for bullet train project

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    • Japan has offered soft loan of 15 billion USD ( RS 90,000 crore) at an interest rate of less than 1 percent for India's ambitious rail project-Mumbai-Ahmedabad high speed rail corridor along with technology.
    • Japan International Cooperation Agency (JICA) in its report submitted to the Railway Ministry has envisaged a reduction in the travel time on the 505-km long corridor between the two western cities to two hours from the existing period of over seven hours.The bullet train is expected to run at speeds of around 300-350 km/hour.
    • Japan has offered to meet 80 per cent of the Mumbai-Ahmedabad project cost, on condition that India buys 30 per cent of equipment including the coaches and locomotives from Japanese firms.
    • Japan’s announcement for the soft loan comes in a bid to surpass competition from China which is bidding for other projects on the world's fourth-largest network.
    • Though there are many countries offering the high-speed technology for the bullet train project, it is Japan which is offering both technology and funding together.

    Currently Indian Railways moves 23 million people a day and the average speed of trains is 54km/hour so the priority would be to improve the speed and safety on existing trains and routes 

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  • Himachal Pradesh hosting India’s first Paragliding World Cup  

     

    Himachal Pradesh hosting India’s first Paragliding World Cup

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    • Himachal Pradesh is hosting Paragliding World Cup 2015 from 23 October to 31 October 2015 at Bir Billing in Kangra valley. The world cup will be held under the aegis of Para-gliding World Cup Association, France with Snow leopard as it's official mascot.
    • This is for the first time that India will be hosting the Paragliding World Cup in which some of the best paragliders of the world from over 50 countrieswill participate.
    • Himachal Pradesh was chosen to host the World Cup after it successfully conducted the paragliding pre-World Cup at the same venue in 2013. The success of the Paragliding World Cup 2015 would promote tourism as well as sports in the state.
    • To make sure the participants get a good experience, take-off and landing areas are being redone, and state-of-the-art facilities are being introduced for the visitors. 
    • The event will have other attractions like hot air balloon, acro shows and special themed programmes to make it a lot more fun. It is the first time that an event of this magnitude will be held in India.
    • For the successful conduct of the event, the state government has formed the Billing Paragliding Association (BPA) under the chairmanship of Sudhir Sharma who is the Urban Development Minister of HP.
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  • Zimbabwean President Robert Mugabe awarded 2015 Confucius Peace Prize by China  

     

     Zimbabwean President Robert Mugabe awarded 2015 Confucius Peace Prize by China

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    • Zimbabwean president,Robert Mugabe,has been awarded 2015 Confucius Peace Prize by China. Confucius Peace Prize by China is dubbed as Chinese equivalent of the Nobel Peace Prize.
    • The Confucius Prize was established in 2010, after the Nobel committee awarded its peace prize to imprisoned Chinese dissident Liu Xiaobo. 
    • Although the award has been condemned by Critics in Zimbabwe and elsewhere as Mugabe has been accused of using systematic violence and torture to maintain his 35-year grip on power.
    • Mugabe is a former guerrilla fighter, who has ruled Zimbabwe with an iron fist for 35 years. He has been accused of rigging elections and having his opponents killed since the 1980s.
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