Current Affairs – April, 2018

Peace Mission: India, Pakistan for first time to participate together in SCO counter-terror exercise

For first time, arch rivals India and Pakistan are taking part in Peace Mission, a multi-nation counter-terror exercise in Russia to be held in September 2018. The military exercise is going to take place under the framework of Shanghai Cooperation Organisation (SCO). India’s participation at exercise was confirmed by Defence Minister Nirmala Sitharaman during meeting Read More…

International Buddhist Conference held in Lumbini, Nepal

International Buddhist Conference was held in Lumbini, Nepal on 29 and 30 April 2018 to commemorate 2562nd Buddha Jayanti. The theme of the conference was ‘Lumbini Nepal: The birthplace of Lord Buddha and the fountain of Buddhism and world peace’. Lumbini is birth place of Gautama Buddha, founder of Buddhist religion. Lord Buddha was born Read More…

LCA Tejas successful test fires Derby air-to-air beyond visual range missile

Indigenously developed light combat aircraft (LCA) Tejas successfully fired Derby air-to-air beyond visual range missile (BVRM) off the Goa coast. The successful test demonstrated its overall capability as effective supersonic combat jet. It also expands firing envelope as well demonstrated safe operation of Tejas during missile plume ingestion into aircraft engine under worst case scenarios. Read More…

RBI eases External borrowing norms to enable cheaper funds

The Reserve Bank of India (RBI) has further liberalised External Commercial Borrowings (ECB) Policy by including more sectors in the window in a bid to facilitate cheaper access of overseas funds to Indian companies. Key Facts RBI has stipulated uniform, all-in cost ceiling of 450 basis points (bps) over benchmark rate, which, in most cases, Read More…

Special 301 Report: USTR again places India Priority Watch List

The Office of United States (US) Trade Representative (USTR) has once again placed India on ‘Priority Watch List’ in its annual Special 301 Report on the state of intellectual property protection.  In 2018 Special 301 Report, the USTR has placed 12 countries on its Priority Watch List.  Special 301 Report identifies US trading partners that Read More…