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India remains world's largest arms importer
India continues to remain the world’s largest arms importer, accounting for 14% of the global arms imports in the 2011-2015 timeframe. It was revealed by report on international arms transfers released by a global think-tank, Stockholm International Peace Research Institute ..
Month: Current Affairs - February, 2016
30th Surajkund International Crafts Mela begins at Faridabad
The 30th edition of Surajkund International Crafts Mela has begun at Faridabad in Haryana after it was formally inaugurated by Haryana Chief Minister Manohar Lal Khattar. Telangana is the theme State of this edition of Mela and the two focus ..
IMF Reforms: India, China, Brazil, Russia get more voting rights
International Monetary Fund’s (IMF’s) long-pending 2010 Quota and Governance Reforms have finally become effective. These proposed reforms are the biggest change in the governance of the IMF (lender of last resort) since it was established after World War II in ..
Month: Current Affairs - January, 2016
Chinese scientists develop new bio-artificial liver
Chinese scientists have developed a new bio-artificial liver that can help patients to survive from liver failure long enough for an organ transplant. It has been developed by team of researchers from the Shanghai Institute for Biological Sciences and doctors ..
Month: Current Affairs - January, 2016
China’s President Xi Jinping formally opens AIIB in Beijing
Chinese President Xi Jinping has formally opened Asian Infrastructure Investment Bank (AIIB) in Beijing. Background The bank was formally established in Beijing on 25 December 2015. China’s former Finance Minister Lou Jiwei was elected as the first Chairman of the ..
Month: Current Affairs - January, 2016
Union Government abolishes export duty on iron ore pellets
The Union Government has abolished export duty on iron ore pellets in order to make the commodity more competitive amid weakening prices due to subdued demand. In this regard Central Board of Excise and Custom (CBEC) has issued a notification ..
Month: Current Affairs - January, 2016
China successfully launches earth observation satellite Gaofen-4
China has successfully launched its most sophisticated observation satellite Gaofen-4, as part of the country’s high-definition (HD) earth observation Gaofen project. It was launched aboard a Long March-3B carrier rocket from the Xichang Satellite Launch Centre in the southwestern province ..
Month: Current Affairs - December, 2015
China officially abandons its One Child Policy by passing law
China has officially abandoned its One Child Policy amid deepening demographic crisis of shrinking workforce and aging population in the world’s second largest economy. In this regard 159-member National People’s Congress Standing Committee, the top organ of China’s Parliament has ..
Month: Current Affairs - December, 2015
China's Parliament adopts country's first law against domestic violence
China’s Parliament has adopted the country’s first law against domestic violence that prohibits any form of domestic violence, including psychological abuse. The legislation was approved at the end of a week-long bimonthly session of the National People’s Congress (NPC) Standing ..
Month: Current Affairs - December, 2015
China passes its first Counter-Terrorism law
China’s National People’s Congress Standing Committee, the top organ of China’s parliament has adopted the country’s first counter-terrorism law. The legislation was approved with large majority at the end of a week-long bimonthly session China’s National People’s Congress Standing Committee. ..