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Friday, December 26, 2014

DAILY CURRENT AFFAIRS 25, 26 DEC. 2014

DAILY CURRENT AFFIARS 25, 26 DEC. 2014
1.       GOVERNMENT APPROVED ORDINANCE FOR INSURANCE BILL
o   Foreign Investment cap in insurance sector has been increased from 26% to 49 %.
o   Government re-promulgate Ordinance to allow resumption of coal block allocation.
o   Government opened the medical device sector to foreign investment by allowing 100% FDI in these devices.
o   Insurance sector FDI will result in capital inflow of $6-8 billion
2.       25-DECEMBER-GOOD GOVERNANCE DAY
o   The Government of India has declared 25 December, the birth anniversary of former Prime Minister Atal Bihari Vajpayee as Good
Goverance day.
o   Atal Bihari Vajpayee and Pandit Madan Mohan Malviya, the founder of  Banaras Hindu University were Given Bharat Ratna recently.
3.       ARMS TRADE TREATY (ATT)CAME IN TO FORCE
o   Global Arms trade Treaty regulating $85 billion came in to force.
o   60 nations had ratified and 130 had signed the treaty.
o   The ATT was adopted by UN General Assembly on 2 April,2013.
o   India was among 23 nations that had abstained from voting on treaty resolution last year.
o   UN secretary Ban Ki Moon said that Treaty will help prevent transfer of weapons to terrorist and Human rights Abuser.

o   India said that treaty resolution was Weak on terrorism and  non state actors.

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