February 26, 2019

Current Affairs Nugget #Week9 17-23 February

Sushil Chandra becomes the new Election Commissioner

Sushil Chandra on February 15, 2019 assumed charge as the new Election Commissioner (EC) of India. He would be working along with Chief Election Commissioner Sunil Arora and Election Commissioner Ashok Lavasa in the Election Commission.
The Election Commissioners are usually retired IAS or IRS officers. Until 1989, the Election Commission was a single member body, but later two additional Election Commissioners were added. Thus, the Election Commission currently consists of a Chief Election Commissioner and two Election Commissioners.

The decisions of the commission are taken by a majority vote. The term of an Election Commissioner in 6 years.


PM Modi receives Seoul Peace Prize for 2018

Prime Minister Narendra Modi on February 22, 2019 received the prestigious Seoul Peace Prize 2018 for his contribution to international cooperation and fostering global economic growth. The committee credited him for his efforts in promoting global peace and harmony through inclusive economic growth and improving quality of life.
The award was presented to him by Kwon E-hyock, the Chairman of the Seoul Peace Prize Cultural Foundation at a grand ceremony in Seoul, South Korea. A short film on the life and achievements of Prime Minister Modi was also screened at the event.


Aero India 2019: Drone Olympics Competition held

Defence Minister Nirmala Sitharaman inaugurated the 12th biennial edition of International Aerospace and Defence Exhibition ‘Aero India 2019’ at Air Force Station Yelahanka, Bengaluru.
For the first time, the 2019 edition of Aero India combines the defence and civil aviation segments into a holistic event with the co-involvement of the defence and civil aviation ministries. The 12th edition of Aero India intends to be a “Runway to a billion opportunities” and put India on the Global map.


Saudi Crown Prince Mohammad Bin Salman’s India visit

The Crown Prince of Saudi Arabia, Mohammed bin Salman bin Abdulaziz Al Saud, who is also the Deputy Prime Minister and Minister of Defence of Saudi Arabia, visited India on February 19-20, 2019.
The Prime Minister and His Royal Highness condemned in the recent Pulwama terror attack on Indian security forces on February 14, 2019. Prime Minister expressed his thanks to the Saudi Crown Prince for ordering the release of 850 Indian prisoners from Saudi jails.


India raises customs duty on all goods imported from Pakistan

India on February 16, 2019 increased customs duty on all goods originating from or imported from Pakistan to 200 per cent with immediate effect. It is not very clear whether this will affect the third-country trade which is going on between the two countries through places such as Dubai in the UAE and Singapore.
Pakistan exported just $500 million of goods in 2017-18 to India, representing 1.5 per cent of its exports. However, it is believed to have exported goods worth about 3-4 times as much through third countries.


Chris Gayle announces retirement from One-day Internationals

Veteran West Indies batsman Chris Gayle has announced that he will retire from One-day Internationals after this year’s World Cup in England and Wales. The announcement was made by West Indies Cricket on February 17, 2019. 
The 39-year old left-hander has scored 9,727 ODI runs, second only to the legendary Brian Lara among West Indians in 284 matches. He needs 677 more runs to surpass Lara as the West Indies' all-time record ODI run scorer, a feat he will be hoping to achieve during his fifth World Cup.


Government clears proposal to encourage investments in Start-Ups; hikes tax exemption cap

Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu on February 19, 2019 cleared proposals to encourage investments in Start-Ups, aiming at simplifying the process of exemptions for Start-ups from the ‘Angel Tax’ under Section 56 (2) (viib) of Income Tax Act, 1961. 
As per the new norms, registered startups will be exempted from tax on funding of up to Rs 25 crore compared with the existing limit of Rs 10 crore. Till date, the startups were availing of the tax concession only on the condition that their total investment, including funding from angel investors, does not exceed Rs 10 crore. 


India's fighter jet ‘LCA Tejas’ now fully combat-ready

Landmark day for India's defence sector, India's first self-made fighter jet, Light Combat Aircraft Tejas MK I (LCA Tejas) on February 20, 2019 received the Final Operational Clearance for induction into the Indian Air Force (IAF) as a fully-weaponised fighter jet.
The formal declaration of Final Operational Clearance (FOC) of the aircraft was made by Dr G Satheesh Reddy, Chairman of Defence Research and Development Organisation (DRDO) and Secretary of Defence (R&D). Prior to this, the LCA Tejas was an Initial Operational Clearance (IOC) aircraft.

Tagore Award for Cultural Harmony

Indian President Ram Nath Kovind presented the Tagore Award for Cultural Harmony to Rajkumar Singhajit Singh, Bangladesh cultural organisation Chhayanaut and Ram Sutar Vanji for the years 2014, 2015 and 2016 respectively on February 18, 2019 at a function held in Pravasi Bhartiya Kendra, New Delhi.
The award was instituted by the Union Government in 2012 to recognise the contributions made by Rabindranath Tagore to humanity at large with his works and ideas, as part of the commemoration of his 150th Birth Anniversary, for promoting values of cultural harmony. 

1 comment:

  1. Please continue this blog. It will help future aspirants to no-end. Thanks.

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