Current Affairs - January 2017

Current Affairs – January 2017 with Latest Current Affairs for Banking, SSC, CLAT, UPSC, State PCS, IBPS and other Competitive Examinations. Current Affairs Today – January 2017 with news summary on current events of national and international importance.

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Union Commerce Ministry launches SEZ India app

The Union Ministry of Commerce and Industry (MOCI) has launched a mobile application named “SEZ India” under its broader e-Governance initiative to help the Special Economic Zone (SEZ) Units and Developers.

It will help the SEZ Units and Developers to find information easily and track their transactions on Online System. It will also facilitate them to file all their transactions digitally through SEZ Online system and track the status on the go through the SEZ India mobile app.

The app has four sections
  • SEZ Information: It consists of compendium of the SEZ Act, 2005, MOCI Circulars, SEZ Rules, 2006, details of SEZs and Units etc. and gives up to date comprehensive details on all these aspects.
  • Trade Information: It gives access to important information and tools such as Foreign Trade Policy (FTP), Hand Book of procedure, Customs & Excise Notification, Duty Calculator and MEIS Rates.
  • Contact Details: It consists of contact details of all Development Commissioners Office, DG System, DGFT, DGCI & S and SEZ online.
  • SEZ online Transaction: It dynamic submenu that tracks the Bill of Shipping/Entry Bill processing status and also does verification. It also helps the Exporters/Importers to track status of Shipping Bill/ Bill of Entry integration and processing in the EDI system of the ICEGATE.

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China hands over two ships to Pakistan Navy for Gwadar Port security

China has handed over two ships to the Pakistan to safeguard the strategic Gwadar port and trade routes under the ambitious China-Pakistan Economic Corridor (CPEC).

These ships have been named as Hingol and Basol, after two rivers near Gwadar. They will be part of Pakistan Navy and are equipped with state-of-the-art guns. They will be used to protect the sea-lanes in the Arabian Sea.

Besides, China will also provide two more ships to Pakistan Navy which have been named Zhob and Dasht after two districts in Balochistan.

Background

In recent times, China has actively started extending its help and cooperation to Pakistan for security along the $46 billion CPEC’s land and sea routes. As a follow up, Pakistan Army already has raised a new division of the army to ensure security along the CPEC route and around the strategic Gwadar port. The security of Gwadar city also has been handed over to the Pakistan Army’s new division raised during the tenure of former army chief Gen Raheel Sharif. In the past, China restrained itself from deploying its naval ships in Gwadar, as it could had raise alarm in US and India.

Gwadar port

The strategic Gwadar port is located in Pakistan’s restive Balochistan province. It has been developed under CPEC which link western China through Pakistan with the Middle East, Africa and Europe.  The revamped port became operational in November 2016 after two cargo ships laden with containers set off for Bangladesh, Sri Lanka, the UAE and European Union.

For more information: China-Pakistan Economic Corridor (CPEC).

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