Latest Current Affairs Today – 6th April 2016

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Latest Current Affairs Today – 13th April 2016
Latest Current Affairs Today

Read about the resignation of Iceland PM due to the now infamous ‘Panama leaks’, the latest scarcity hit village in Gujarat, the new IT policy launched by the telangana government and more …

1) Panama papers: Iceland PM resigns:
Latest Current Affairs Today – 6th April 2016

Details:

  • The leak of millions of records on offshore accounts claimed its first high-profile victim on Tuesday as Iceland’s prime minister resigned amid outrage over revelations he had used such a shell company to shelter large sums while Iceland’s economy was in crisis.
  • The fall of Icelandic leader Sigmundur David Gunnlaugsson is the biggest fallout so far from the publication of the names of rich and powerful people linked to the leaks, dubbed the Panama Papers.
  • Officials in Ukraine, Argentina and other countries are also facing questions about possibly dubious offshore tax-avoidance schemes.

More Details:

  • China and Russia, meanwhile, took the opposite approach, suppressing the news and rejecting any allegations of impropriety by government officials named in the leak of more than 11 million financial documents from a Panamanian law firm.
  • China, on the other hand, dismissed as “groundless” reports that the Panamanian law firm had arranged offshore companies for relatives of at least eight present or past members of the Communist Party’s Politburo Standing Committee, the apex of power in China.
  • Meanwhile, Ukraine’s president was accused of abusing his office and of tax evasion by moving his candy business offshore, possibly depriving the country of millions of dollars in taxes.

 

2) ‘Make in India’ boost: Boeing & Lockheed Martin offers to locally manufacture F16 and F/A 18 jets.

Latest Current Affairs Today – 6th April 2016

Details:

  • In the first government facilitated talks on producing an American fighter jet in India, rivals Boeing and Lockheed Martin (LM) jointly met top defence ministry officials in the capital on Tuesday, offering to locally manufacture the F16 ‘Super Viper’ and a customised F/A 18 ‘Super Hornet’ for Indian Air Force requirements.
  • In the first government facilitated talks on producing an American fighter jet in India, rivals Boeing and Lockheed Martin (LM) jointly met top defence ministry officials in the capital on Tuesday, offering to locally manufacture the F16 ‘Super Viper’ and a customised F/A 18 ‘Super Hornet’ for Indian Air Force requirements.
  • Several officials associated with the project told ET that the government to government discussions – in the presence of the two defence manufacturers offering the aircraft – would continue over the next few days with US Defense Secretary Ashton Carter scheduled to meet Defence Minister Manohar Parrikar on April 12.

More Details:

  • While rivals Boeing and LM have publicly announced their interest in manufacturing fighter jets in India, the government level talks are a serious step ahead on the proposals.
  • The interest of foreign players in producing fighters in India comes after Parrikar has publicly stated that the ministry is interested in setting up production lines for ‘one or two’ fighters at the earliest.
  • With the French Rafale fighter deal going slow on pricing issues, global players sense an opportunity to set up a production base in India.

 

3) Republican Cruz crushes Trump in Wisconsin, says party will unite:

 Latest Current Affairs Today – 6th April 2016Details:

  • Republican Ted Cruz easily won the Wisconsin presidential primary on Tuesday, dealing a blow to front-runner Donald Trump’s hopes of amassing enough delegates for the party’s nomination and boosting chances of a rare contested convention.
  • Cruz’s double-digit win over Trump was a breakthrough for Republican Party forces battling to block the controversial New York billionaire, and it raised the prospect of a prolonged nomination fight that could last to the July convention in Cleveland, Ohio.
  • Trump entered the night with 737 convention delegates to Cruz’s 481, leaving him 500 delegates short of the 1,237 needed to become the party’s nominee in the Nov. 8 election.

More Details:

  • Cruz said the result in Wisconsin showed the party was beginning to rally behind him, but he acknowledged the growing possibility that the fight could go all the way to the convention.
  • Trump’s campaign released a blistering statement saying Cruz had been propped up “by countless millions of dollars of false advertising” from anti-Trump Super PACs.
  • A new Reuters/Ipsos poll on Tuesday showed Cruz about even with Trump nationally, with Cruz’s recent gains the first time since November that a Trump rival has threatened his standing at the head of the Republican pack.

 

4) Gujarat govt declares 623 villages scarcity-hit:

 Latest Current Affairs Today – 6th April 2016Details:

  • The Gujarat government has declared 623 villages as scarcity-affected owing to scanty rains last year.
  • An official release said that 64 of these villages are in Porbandar, 190 in Jamnagar, 68 in Devbhumi- Dwarka and 301 in Kutch districts.
  • The decision was taken in the meeting of Cabinet Sub- Committee on Drought attended by education minister Bhupendrasinh Chudasama, agriculture minister Babubhai Bokhiria, minister of state for health Shankar Chaudhary and minister of state for cow protection Tarachand Chheda.
  • The release added that these villages will get fodder at the same rate at which it is being provided to drought- affected areas. It, though, specifically added that these villages had been declared as scarcity-affected and not as drought-affected.
  • It is to be noted that last week Gujarat Government had announced 527 villages as semi-drought-hit.

 

5) Telangana Government Launches IT Policy, Announces A 1 Million Sq. Feet Incubation Centre.

Latest Current Affairs Today – 6th April 2016

Details:

  • In what may prove to be a major boost to the Startup ecosystem of the country, the Telangana government has announced its intentions of developing a massive 1 million square feet of infrastructure space in collaboration with the private sector.
  • The same was announced as part of the state governments new IT policy — the Telangana IT Policy 2016 — which was recently unveiled by Chief Minister K Chandrashekar Rao.
  • Under the policy, the developed infrastructure space will be dedicated completely to an incubator for entrepreneurial ventures for a period of five years — a period in which, it hopes to churn out almost 5000 startups.
  • The policy also has provisions for raising funds to the tone of almost $300 million (almost 2000 crore rupees) to further stimulate startups and innovation. The money will be realized with the support of various international financial institutions.

More Details:

  • The Government also launched four other policies in tandem with the IT policy to cater to specific issues, such as the Innovation policy to encourage startups and the Rural technology policy to encourage spread of IT to the smaller towns and villages of the state.
  • Telangana is also one of the model Indian states in this regard. As per the CM, the government gave clearance to almost 1700 firms only last year.

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