Current Affairs – October, 2016

RBI allows startups to raise $3 million via ECBs annually

The Reserve Bank of India (RBI) has permitted startups to raise external commercial borrowings (ECBs) of up to $3 million in a financial year for three year tenure The new rules issued by RBI aims at boosting innovation and promoting job creation in the country. It will apply to startups looking to raise foreign borrowings Read More…

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Union Cabinet gives approval to IISER, Berhampur in Odisha

The Union Cabinet has given its ex-post facto approval to formation of the Indian Institute of Science Education & Research (IISER) at Berhampur in Odisha. IISER, Berhampur will be established under the Societies Registration Act, 1860 and it will start of its 2016-17 academic session from 1 August 2016. It will being its operations from Read More…

Union Cabinet approves agreement between India and Estonia on the transfer of sentenced persons

The Union Cabinet has given its approval for signing and ratification of an Agreement between India and Estonia on the transfer of sentenced persons. This agreement will facilitate the Indian prisoners imprisoned in Estonia or vice-versa for serving remaining part of their sentence in their country and be near to their families. It will also Read More…

Union Government constitutes Munialappa Committee to monitor bird flu situation

The Union Agricultural Ministry has constituted a High-Level Committee to monitor the bird flu situation and help state governments take steps to contain the disease. The High-Level Committee will be headed by Joint Commissioner in the Department of Animal Husbandry, Dairy and Fisheries (DADF) Munialappa. Key Facts The committee will have representatives from the Union Read More…

India, New Zealand ink three agreements including avoidance of double taxation

India and New Zealand signed three agreements in the areas of double taxation avoidance (DTA), sports and food security to carry forward the ties between both sides. The agreements were signed in the presence of Prime Minister Narendra Modi and his New Zealand counterpart John Key after the delegation-level talks in New Delhi. Both countries Read More…