Latest Current Affairs Today – 26th February 2016


Read about the new milestone achieved by India’s TEJAS LSP-3, the latest MoU signed by Yamaha with the government of Maharashtra,  the latest development on the Ayodhya dispute and more …


1) Narendra Modi government gears up for a ‘make or break’ Budget 2016.

Modi budget


  • India’s government is expected to deliver on promises to overhaul the tax regime and ramp up public spending in its budget Monday, as Prime Minister Narendra Modi bids to shore up his sagging reputation as a reformer.
  • The business-friendly premier came to power almost two years ago with promises to overhaul Asia’s third-largest economy and jump-start investment.
  • But with the halfway point of his term approaching, experts say the budget has to tackle the failure to translate those bold pledges into action while stimulating consumption at the same time.
  • Main stocks index has lost nearly a fifth of its value since last year, private investment is weak and the rupee is at its lowest level against the dollar since 2013.
  • And while official forecasts predict the economy will grow an impressive 7.6 per cent over the 2015-16 financial year, it still faces heady challenges.

More Details:

  • Soumitra Bhattacharya, joint managing director of the technology company Bosch India, said he was expecting an announcement on how to break the impasse over GST — designed to simplify India’s bewildering multi-layered tax regime — and on the promised cut in corporate tax.
  • Spending pledges are likely to focus on infrastructure, recapitalising public sector banks beset by bad loans, and supporting rural areas struggling after two poor monsoons.
  • Generous salary hikes for civil servants are also expected after a pay commission recommended increases of 23 per cent, as is a new pension scheme for retired soldiers. With these set to cost billions of dollars, the government may delay its target of reducing the fiscal deficit to 3.5 per cent of GDP in 2017 as it instead looks to boost consumption.


2) Tejas LSP-3 flies with new ‘Cobham Quartz Radome’



  • India’s Light Combat Aircraft (LCA) Tejas achieved yet another milestone ahead of the Final Operational Clearance (FOC) on Wednesday.
  • Sources have here confirmed that the Limited Series Production (LSP-3) variant of Tejas had its first flight fitted with the new quartz radome from Cobham.
  • The young team of engineers and technicians from the Tejas Division were seen working on the aircraft for its significant mission.
  • Group Capt Rangachari, a Test Pilot with National Flight Test Centre, Bengaluru, piloted the flight.

More Details:

  • Cobham radome was delivered to HAL-ADA team in August 2015. The project had delayed owing to the delay in receiving the radome along with some of the other systems.
  • Sources say that the initial couple of flights of LSP-3 might not test the full range of the radome. LSP-3 has been flying as part of the Tejas flightline for the last six years. It had its first flight on April 30, 2010, piloted by Wg Cdr G Thomas of NFTC.
  • Dr K Tamil Mani, Director-General (Aeronautical Systems), Defence Research and Development Organisation had told this correspondent in an earlier interview last year that the quartz radome would increase the radar range from the current 45-50 km to 80 km and above.
  • Post Bahrain air show, Team Tejas at HAL has been on their toes ensuring the aircraft variants are made available for various missions.


3) Yamaha signs MoU with government of Maharashtra to set up YTS



  • India Yamaha Motor (IYM) has signed an MoU with the Directorate of Technical Education in the presence of Vinod Tawadeji, Minister of Higher & Technical Education, Government of Maharashtra and other Government faculties (involved in quality improvement of technical education), to set up Yamaha Training Schools (YTS) at Government Technical Colleges / Polytechnics in Maharashtra.
  • The MoU was signed on the eve of ‘Make in Maharashtra’, during the Make in India Week, to achieve the skill development objective for employability of Indian technical youngsters. With this, Yamaha becomes the first and only two-wheeler manufacturer to offer this unique course certified by the Government of Maharashtra in partnering with Government run institutes.
  • At YTS, training is given through theory and practical lessons about Yamaha’s technology in order to make technical doctors out of the students, who shall be ready for employment at various Yamaha dealerships post the course.

More Details:

  • The students will also receive a Government recognized certificate that will help them gain a secured future.
  • The first YTS in Maharashtra was set up in Government Polytechnic at Aurangabad in 2014.
  • Yamaha will be setting up more such Yamaha Training Schools in Government Technical Colleges / Polytechnics.
  • Next, YTS shall be set up in the Government Polytechnic College at Pune, which will be the fifth YTS in the state and the second with the Government of Maharashtra Technical College.
  • As on date, Yamaha has signed 27 MoUs for Yamaha Training Schools all over India.


4) ISRO to set up satellite centre in Vietnam-



  • As part of Space Cooperation between India and Association of South East Asian Nations (ASEAN), Indian Space Research Organization (ISRO), at the behest of Government of India, is working towards the establishment of a Satellite Tracking & Data Reception Station and Data Processing Facility in Vietnam for ASEAN Member countries.
  • This facility is intended to acquire and process Indian Remote Sensing Satellite data pertaining to ASEAN region and disseminate to ASEAN Member countries.
  • Under this initiative, all ASEAN member countries, including Vietnam will be allowed to access-processed remote sensing data pertaining to their country. Ground facility is designed in such a way that it will not allow Indian data to be accessed and processed by the system.

More details about ASEAN:

  • ASEAN is one of the most open economic regions in the world, with total merchandise exports of over $1.2 trillion – nearly 54% of total ASEAN GDP and 7% of global exports.
  • The ASEAN Economic Community is founded on four basic initiatives: creating a single market and production base; increasing competitiveness; promoting equitable economic development; and further integrating ASEAN with the global economy.
  • Established in 1967, the Association of Southeast Asian Nations, or ASEAN, is widely recognized as a successful model for regionalism. The ASEAN Economic Community is a major step toward greater cooperation and integration.


5) Ayodhya title dispute; Supreme Court allows Subramanian Swamy to intervene-



  • The Supreme Court today allowed BJP leader Subramanian Swamy to intervene in the pending matters relating to the Ayodhya title dispute with his plea seeking construction of Ram temple at the site of demolished disputed structure.
  • A bench of Justices V Gopala Gowda and Arun Mishra, while tagging Swamy’s fresh plea with pending civil appeals, said that it cannot separately hear the petition seeking direction to allow construction of a Ram temple in Ayodhya at the site where the disputed structure was demolished in 1992 as a matter of fundamental right.
  • Swamy had earlier moved the plea for a direction to allow construction of Ram temple in Ayodhya at the disputed site and had mentioned it before a bench headed by Chief Justice T S Thakur for urgent hearing.

More Details:

  • Swamy has also sought directions to expedite the disposal of several petitions challenging the Allahabad High Court verdict of three-way division of the disputed Ram Janmabhoomi- Babri Masjid site in Ayodhya on September 30, 2010.
  • While ordering status quo at the site, which means that prayers at Ram Lalla’s make-shift temple at the disputed site in Ayodhya would go on as usual, the apex court had restrained any kind of religious activity on the adjacent 67 acres of land which had been taken over by the Centre.

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