Current Affairs for 21st October 2015

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Make in India current affairs

India and Russia target $30 billion worth trade in next 10 years

india-and-russia-target-30-billion-worth-trade-in-10-years current affairs

  • India and Russia have discussed ways to boost their economic ties to achieve the target of $30 billion in bilateral trade in the next 10 years .
  • External Affairs Minister Sushma Swaraj and Russia’s Deputy Prime Minister Dmitry Rogozin, chairing the 21st India-Russia Inter-Governmental Consultations yesterday, also looked at ways to enhance the mutual direct investment to $15 billion by 2025.
  • Bilateral trade in 2014 amounted to $9.51 billion, with Indian exports touching $3.17 billion and imports from Russia stood at $6.34 billion. Agriculture, pharmaceutical and infrastructure were some of the areas identified by both sides to strengthen their economic engagement.
  • While economic agenda was one of the focus areas in the consultations today, the other areas deliberated upon were space, energy, culture and science and technology.Officials said India also reiterated its commitment to work towards having 12 Russian nuclear plants as was agreed between Modi and Putin.

Cabinet okays maritime pact proposal between India and Egypt

cabinet-okays-maritime-pact-proposal-between-india-and-egypt

  • The government today approved a proposal for maritime transport agreement between India and Egypt.
  • The agreement was looked at with a view to strengthening cooperation and render sustained mutual assistance and advice on merchant shipping and other related maritime matters
  • The agreement, once signed, will help both countries facilitate development of their maritime relationship and cooperate for a steady growth of maritime traffic, exchange and training of staff and students, it said.
  • One of the most important geopolitical locations in the world, the Suez Canal is located in Egypt and it is in India’s interest to maintain friendly relations with Egypt.

India to have three lines of light military choppers under ‘Make in India’

Make in India current affairs

  • To meet the massive, urgent requirements of the armed forces, India is set to have three different lines of light military choppers, all of which will be manufactured under the ‘Make in India’ initiative.
  • Senior officials have told ET that despite a deal with the Russian government for Ka 226 helicopters, two other lines, including a western chopper that it still to be selected will be required to keep pace with the demand of the three forces .
  • Indicating that a major ‘Make in India’ project for the private sector to produce close to 200 helicopters in partnership with a foreign vendor is still alive despite the Kamov deal, a senior air force functionary said that tenders for the program would be out soon.
  • Indicating that a major ‘Make in India’ project for the private sector to produce close to 200 helicopters in partnership with a foreign vendor is still alive despite the Kamov deal, a senior air force functionary said that tenders for the program would be out soon.
  • Sources said the Russian deal has, however, not progressed satisfactorily, as Moscow has not yet responded with full details of technical specifications and production plans in India since a formal letter was issued in May

Open to new norms for collegium, says CJI

Collegium System Current Affairs

  • Faced with the historic admission from his own court that the collegium system of judicial appointments was flawed, Chief Justice of India H.L. Dattu on Tuesday broke his silence on the issue and told The Hindu that the judiciary was open to “consider” guidelines that may be framed by a Constitution Bench to improve the system.
  • With over 40 per cent judicial vacancies due to the pendency of the NJAC case, the workload has increased considerably for judges. There is also an increase in filings. But now with things clear after the judgment, the judicial process is expected to proceed.
  • Earlier in the day, Union Law Minister D.V. Sadananda Gowda spoke to The Hindu about the alarming state of judicial vacancies. He said both the judiciary and the government have now swung into action on knowing that the terms of the 24 judges were to expire on October 24.
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