Monday, February 18, 2013


These current affairs are drive from the following magazine on the monthly bases:
a).Pratiyogita Darpan
b).Master In Current Affairs
c). Banking Service Cronicle
·    Govt. Okayed drug pricing policy to lower cost of medicines:  The government cleared the National Pharmaceutical Pricing Policy that will bring 348 essential drugs under price control, leading to reduction in prices. The National Pharmaceutical Pricing policy has been approved by the Cabinet with an objective to put in place a regulatory framework for pricing of drugs to ensure their availability at reasonable prices.

·   India test fired supersonic interceptor missile: India successfully test-fired an indigenously developed supersonic interceptor missile, capable of destroying a hostile ballistic missile, from a test range off the Odisha coast.

·    India and Sweden Signed Social Security Agreement: A Social security agreement between India and Sweden was signed. The agreement was signed by Vayalar Ravi, Union Minister of Overseas Indian Affairs from the Indian side and UIf Kristersson, Minister for Social Security of Sweden from Swedish side. India is the first Asian countries with which Sweden has signed this type of agreement. The Social Security Agreement will enhance cooperation on social security between the two countries. The Agreement will provide benefits to Indian nationals working in Sweden.

· President released commemorative postage stamp on the Occasion of Silver Jubilee of Consumer Protection Act, 1986: The President of India, Pranab Mukherjee released a commemorative postage stamp on the occasion of Silver Jubilee of Consumer Protection Act, 1986 at a function at Rashtrapati Bhavan.The Postage stamp of Rs 5 denomination has been brought out by the Department of Posts and depicts the achievements made towards protecting the interest of consumers. The stamp has consumer awareness campaign slogan “Jago Grahak Jago”.

·  India and Libya Signed MoU on Electoral Cooperation: India and Libya signed a Memorandum of Understanding (MoU) in New Delhi, for cooperation in the field of election management and administration, with Libyan Election Commission seeking training and electoral assistance from Election Commission of India.

·   India ranked 94th in Corruption Index ratings: India’s image on tracking corruption has not improved with Transparency International’s Corruption Perception Index(CPI) placing it at 94th rank out of 176 nations this year.  Though India was ranked at 95th position last year, the international watchdog said it has started evaluating the positions through a different formula beginning this year and hence this cannot be compared to last year’s ranking. This year, India has a score of 36 out of 100 on a scale from 0 (highly corrupt) to 100 (very clean). Demark is placed at the top spot with a score of 90 while Finland and New Zealand follow very closely.

·      DAVP Received the Web Ratna Award -2012 Golden Icon Award: Directorate of Advertising and Visual Publicity has been conferred the prestigious Web Ratna 2012, ‘Golden Icon Award for Innovative use of Technology’. The award was received by Director General of DAVP A.P.Frank Noronha from Minister of Communication and Information Technology, Kapil Sibal at a function in New Delhi.

·   India and Republic of Korea Signed Memorandum of Understanding on Education:  A delegation led by Dr. Lee Ju-ho, Minister of Education, Science and Technology, Republic of Korea met Dr. Shashi Tharoor, Minister of State in the Ministry of Human Resource development, in New Delhi.

·           Dilli Annshree Yojana launched: United Progressive Alliance chairperson Sonia Gandhi launched the Delhi government’s ambitious food security programme, Dilli Annshree Yojana, a direct benefit transfer system which is the first-of-its-kind food security scheme integrated with UID Aadhar in the country.

·           BEL, Israel’s IAI ink MoU: An MoU has been signed between Bharat Electronics Ltd(BEL) and Israel Aerospace Industries(IAI) which has set the stage for joint development and indigenous production of a set of Long Range Surface-to-Air Missiles(LR-SAMs).

·           Joint naval Exercise with Russia: INDRA, joint military exercise with Russia was held in Mumbai.

·           Astra missile test-fired successfully: As part of its developmental trials, Beyond Visual Range Air-to-Air Missile (BVRAAM), Astra, was successfully launched from Chandipur, Odisha.

·           117th Constitution Amendment Bill: The Rajya Sabha has given its nod to the 117th Constitution Amendment bill providing reservation to Scheduled Castes and Scheduled Tribes in promotions in government jobs.

·           Parliament Approves FDI in Retail: The Indian Parliament has approved the Foreign Direct Investment in retail, FDI in multi-brand retail got the approval of the Lok Sabha.The BSP’s 15 MPs voted against the motion that ‘disapproved’ of the government’s decision to allow 51 % FDI in multi-brand retail sector. The FDI policy in multi-brand retail having received the approval of Parliament, the way is clear for the government to carry out more economic reforms without any hindrance, though of course public opinion across the board was not in favour of the induction of FDI in retail.

·           India inks Pact with Ukraine on N-Safety- In a bid to enhance safety of its increasing number of nuclear plants, India  inked a pact with Ukraine on Nuclear Safety and Radiation Protection to take advantage of the country’s expertise in the crucial sector. Four other pacts, including framework agreement to expand defence ties were also inked between the two countries after comprehensive talks between Prime Minister Manmohan Singh and Ukrainian President Viktor Yanukovych during which they agreed to forge a comprehensive partnership between their countries.

·           UAE Cabinet Approves Extradition Treaty with India: The United Arab Emirates cabinet has approved an extradition treaty with India which will allow extradition of around 1,200 Indian convicts languishing in the Gulf nation to their home country to spend the remaining jail term.

·           ASEAN Members want India to be a Strategic Partner: The ASEAN member countries are looking forward to establish a strategic partnership with India in the days to come in the larger interest of peace, progress and shared prosperity in the region, the ASEAN Economic Ministers Chair PrasidhSpeaking at the conclusion of the 8,000 km ASEAN-India car rally. Prasidh, also senior Commerce Minister of Cambodia, said that while ASEAN’s engagement with India had just completed 20 years.

·           Cabinet Committee Clears New Urea Investment Policy: The Cabinet committee on Economic Affairs on December 13, 2012 approved a urea investment policy which is likely to incentivise fertiliser companies to set-up new plants and expand existing capacity. India imports over 30 % of its urea requirements and the policy aims at reducing that. But it is unlikely to have any impact on existing prices. The policy, which aims to attract fresh investment of about Rs. 35,000 crore  to increase domestic production by eight million tonnes, has been cleared as the previous policy failed to attract the much needed funds.

·           India’s Black Money Flow Eighth Highest: The Hindustan Times carries a report which says that India is among the top ten developing countries in the world with black money outflow of US $ 1.6 billion in 2010, a news reported. A report of Washington based Global Financial Integrity said the total outflow of black money from India since Independence till 2010 was US $ 232 billion, generally in form of corruption, bribery and kickbacks. Illicit assets during the same period totalled $ 487 billion.

·           Cabinet gives Nod to NIB to clear Mega Projects: The Union Cabinet cleared the proposal to set up Cabinet Committee on Investment under the Chairmanship of Prime Minister Manmohan Singh to accord expeditious approval to projects of over Rs. 1,000 crore.

·           Sitar Maestro, Pt. Ravi Shankar, Passes Away: Pandit Ravi Shankar, whose mastery over the sitar helped rejuvenate the classical instrumental tradition in India and popularise Indian music in the West through concerts and collaborations with well-known artists, died in San Diego. He was 92. In 1968 he writes autobiography ‘My Music, My Life’. In 1986 he becomes member of Rajya Sabha.In 1999 he gets Bharat Ratna.

·           India Successfully Test-fires Agni-I Ballistic Missile:  Sharpening its missile prowess, India successfully test-fired its indigenously developed nuclear capable Agni-I ballistic missile with a strike range of 700 km from a test range off the Odisha coast. Agni-I , a single-stage missile powered by solid propellants, has a specialised navigation system which ensures that it reaches the target with a high degree of accuracy and precision, a defence scientist said.

·           India, ASEAN Finalise FTA in Services and Investments: India and the Association of South-East Asian Nations(ASEAN) finalised the much-awaited Free Trade Agreement(FTA) in services and investments. The more likely to boost trade to $ 100 billion by 2015.At present, trade between India and ASEAN stands at $ 80 billion. ASEAN and six partners- Australia, China, India, Japan, South Korea and New Zealand-will start first-round talks on the RCEP next year, which are expected to form the world’s economic bloc in 2015.

·           Astra-Missile Test-fired successfully: As part of its developmental trials, Beyond Visual Range Air-to-Air Missile (BVRAAM), Astra was successfully launched from Chandipur, Odisha. Astra is envisaged to intercept and destroy enemy aircraft at supersonic speeds in the head-on-mode at a range of 80 km and in tail-chase mode at 20km.

·           India-Russia Bilateral Summit: During Russian President Vladimir Putin’s visit to India in the last week of December 2012, several agreements were signed between the two countries. These include defence deals worth around $ 4 billion (Rs. 22,000 crore) following comprehensive talks, including on differences over $ 3 billion investment by Russian telecom major Sistema, whose licence was cancelled.

·           $ 2 billion Investment Consortium to be set up: Russian sovereign wealth fund Russian Direct Investment Fund(RDIF) signed a pact with State Bank of India(SBI) for setting up a $ 2 billion investment consortium for promoting investments between the two countries.


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anil sharma said...

Looking for current affairs of February 2013? As usual we have decided to publish the most important current affairs of February month. This current affairs consist of top most important current events on national, Read More...

Current Affairs said...

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