Tag: India

Important Days June 2 – Telangana Formation Day The state of Telangana was officially formed on 2nd June 2014. Background After India's Independence (1947), the govt requested the Nizam of Hyderabad to join the Indian Union, to which he refused. In 1948, the Indian army annexed Hyderabad. Finally, Hyderabad State acceded to the Indian Union. In 1953, the States Re-organisation Commission was appointed. In 1956, the Hyderabad State was dissolved as part of the Linguistic Re-organisation of States and Telangana was merged with the Telugu-speaking Andhra State to form Andhra Pradesh. On 2 June 2014, the Telangana area was separated from the northwestern part of Andhra Pradesh as the newly formed state with Hyderabad as its capital. Defence Medium-range ballistic missile Agni-1 test-fired in Odisha A successful training launch of a medium-range ballistic missile, Agni-1 was carried out by the Strategic Forces Command from APJ Abdul Kalam Island, Odisha. Background The Integrated Guided Missile Development Programme (IGMDP) was managed by the Defence Research and Development Organisation (DRDO) for the research and development of the comprehensive range of missiles.  The project started in 1982–83 under the leadership of Abdul Kalam who oversaw its ending in 2008 after these strategic missiles were successfully developed. Missile Man of India – Dr. APJ. Abdul Kalam Note Missile Woman of India - Tessy Thomas Former Project Director for Agni-IV missile in DRDO  Sports Indian juniors to emerge Asian champions  India’s junior men’s hockey team maintained its continental supremacy as it beat arch-rival Pakistan 2-1 to emerge Asia Cup champions. This was India’s fourth title, having earlier won the tournament in 2004, 2008 and 2015. Captain of Indian men’s hockey team – Manpreet Singh. India and its Neighbours India, Nepal sign pacts on energy, transport Signed a series of agreements on energy and transport, including export…

INDIA’S FOREIGN POLICY INDIA, U.S TO LAUNCH A SEMICONDUCTOR SUB-COMMITTEE India and the United States signed a memorandum of understanding (MoU) that will pave the way for creating a semiconductor sub-committee under the Commercial Dialogue between the U.S. Department of Commerce and India’s Ministry of Electronics and Information Technology (MeitY) and the Ministry of Commerce. The Key features of the Commercial Dialogue included creating “reliable supply chains, diversifying and friend shorting (Sourcing of material from countries with similar social and political values), facilitating climate and clean technology cooperation, inclusive digital growth, talent development, post-pandemic economic recovery, and a focus on cooperation”. AUSTRALIA, INDIA SIGN AUDIOVISUAL COPRODUCTION AGREEMENT India and Australia have signed an audiovisual Coproduction agreement under which private, quasi government or governmental agencies of the two countries enter into contracts to produce films together. About Australia: Capital-canberra 2. Prime minister-Anthony Albanese 3. Currency-Australian Dollor PUBLIC AWARENESS AND GENERAL ADMINISTRATION The Union Finance Ministry has amended the Prevention of Money Laundering (Maintenance of Records) Rules for widening the scope of know your Customer (KYC) norms to include Politically Exposed Persons (PEPs), non-profit organisations (NPOs) and those dealing in virtual digital assets (VDA) as reporting entities. The decision has been taken ahead of the expected Financial Action Task Force assessment of India PEPs as individuals who have been entrusted with prominent public functions by a foreign country, including the heads of States of governments, senior politicians, senior government or judicial or military officers, and important political party officials. “In such cases, transactions of 10 lakh and above will have to be reported to the Financial Intelligence Unit, “Non-profit organisations formed for religious or charitable purposes, and registered as trust or society, too have been added to the list. Another key decision is the lowering of ownership threshold from 25% to 10%,…

At a digital conclave on 'Indo-US Trade Cooperation post-COVID-19', the former commerce and industry minister Suresh Prabu announced that India and the USA need to not only continue investing in each other's countries but also invest and operate projects in other countries jointly. It was conducted in Mumbai.