Current Affairs – March, 2015

Sunil Sabharwal re-nominated as Alternate Executive Director at IMF

Sunil Sabharwal, an independent Indian-American investor has been re-nominated as Alternate Executive Director at International Monetary Fund (IMF). He was re-nominated to key post at IMF by US President Barack Obama. In this regard, President Obama has forwarded his decision to re-nominate Sabharwal to the US Senate. For first time he was nominated Alternate Executive Read More…

CCEA gives nod to extend PDS Kerosene, Domestic LPG Subsidy Scheme and Freight Subsidy Scheme

The Cabinet Committee on Economic Affairs (CCEA) has given its nod to extend the PDS Kerosene and Domestic LPG Subsidy Scheme, 2002 for a period of one year that is up to 31st March, 2015. This decision was taken by CCEA meeting chaired by Prime Minister Narendra Modi. CCEA also gave its nod to extend Read More…

Reliance Infrastructure acquires Pipavav Defence

Anil Ambani-led Reliance Infrastructure has acquired Pipavav Defence and Offshore Engineering in an all-cash deal. The acquisition will be done by Reliance Infrastructure, along with its wholly owned subsidiary Reliance Defence Systems Pvt Ltd. As part of deal Reliance Infra will first invest Rs 819 crore to acquire 17.66 per cent stake from the promoters Read More…

India and Spain sign agreement on Mutual Protection of Classified Information

India and Spain have signed an agreement on Mutual Protection of Classified Information. This agreement provides the framework for enhanced cooperation in the defence sector between both countries. Mutual Protection of Classified Information is a primary pact that a country agrees to before embarking on deeper talks on defence cooperation. The agreement was signed by Read More…

Maharashtra government scraps 5% education quota for Muslims

Maharashtra government has scrapped 5 per cent job quota for Muslims in the state. In this regard Devendra Fadnavis led BJP-Shiv Sena government has released a Government Resolution (GR). The GR also states that an ordinance to provide 5 per cent job quota had lapsed on December 2014. Thus, this GR nullifies the previous notification Read More…