International Current Affairs

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22-Jul-2016   SUSTAINABLE DEVELOPMENT GOAL INDEX RELEASED; INDIA RANKED 110TH

  • India has ranked a low 110
  • 149 nations assessed on where they stand with regard to achieving the Sustainable Development Goals
  • Sweden tops the list
  • The Sustainable Development Solutions Network (SDSN) and the Bertelsmann Stiftung launched a new Sustainable Development Goal Index and Dashboard to provide a report card for tracking Sustainable Development Goals (SDG) progress and ensuring accountability
  • It ranks countries based on their performance across the 17 global goals.
  • Germany (6) and the UK(10) are the only G7 countries to be found among the top ten performers. The US ranks 25th on the index, while Russia and China rank 47th and 76th respectively.
  • India ranks 110th on the list followed by Lesotho on 113th position, Pakistan (115), Myanmar (117), Bangladesh (118) and Afghanistan (139).

22-Jul-2016   NARENDRA MODI AND SHEIKH HASINA INAUGURATE PETRAPOLE INTEGRATED CHECK POST

  • Prime Minister Narendra Modi and his Bangladeshi counterpart Sheikh Hasina on Thursday 28 July 2016 jointly inaugurated the Petrapole Integrated Check Post through video-conferencing.
  • West Bengal Chief Minister Mamata Banerjee also participated from Kolkata
  • Petrapole ICP is the second ICP on the India-Bangladesh border after the Agartala ICP at the Agartala (India)-Akhaura (Bangladesh) land border.
  • It will also be the biggest land port in South Asia.
  • More than 50 percent of the India-Bangladesh trade passes through Petrapole.
  • Trade worth more than Rs. 15,000 crores takes place through the Petrapole ICP
  • Approximately 15 lakh people and 150,000 trucks cross Petrapole-Benapole every year

21-Jul-2016   2016 FORTUNE GLOBAL 500 LIST RELEASED: INDIA'S INDIA OIL CORPORATION RANKED AT 161ST PLACE

  • Seven Indian companies figure in the latest Fortune 500 list, released on Thursday 21 July 2016
  • State-run Indian Oil Corp (IOC) is ranked highest at 161st with revenues of $54.7 billion
  • Public sector firm Oil and Natural Gas Corp has moved out of the rankings for 2016
  • Gems and jewellery firm Rajesh Exports ranked 423rd position
  • IOC is followed by State Bank of India (SBI), Bharat Petroleum and Hindustan Petroleum
  • Mukesh Ambani-led Reliance Industries Ltd (RIL) is the highest ranked, though it has slipped down to 215th position, from 158 last year.
  • Tata Motors follows at number 226, up from 254th last year
  • Bharat Petroleum fell from 280th to 358th this year, while Hindustan Petroleum is at 367th, compared to its 327th place last year.
  • SBI has improved its position to 232, from being at 260 last year.
  • List was topped by retail giant Walmart with revenue of $482,130 million
  • The world's 500 largest companies generated $27.6 trillion in revenues and $1.5 trillion in profits in 2015
  • Global top 10 companies are State Grid (second, $329,601 million), China National Petroleum (third, $299,271 million), Sinopec Group (4th, $294,344 million), Royal Dutch Shell (5th, $272,156 million), Exxon Mobil (6th, $246,204 million), Volkswagen (7th, $236,600 million), Toyota Motor (8th, $236,592 million), Apple (9th, $233,715 million) and BP (10th, $225,982 million).

21-Jul-2016   TURKEY DECLARES THREE-MONTH STATE OF EMERGENCY AFTER A FAILED MILITARY COUP

  • Turkey’s President Recep Tayyip Erdogan on Wednesday 20 July 2016 declared a three-month state of emergency following a botched coup attempt
  • Turkey imposed emergency rule in the southeast in 1987, It was gradually lifted by 2002.
  • The pro-government death toll in the botched coup bid was 246. At least 24 coup plotters were also killed.
  • Turkey said it would close more than 626 private schools and dormitories
  • The government said it had fired nearly 22,000 education ministry workers, mostly teachers, taken steps to revoke the licences of 21,000 other teachers at private schools
  • Turkey demanded the resignations of 1,577 university deans, a total of 50,000 civil service employees have been fired in the purges.
  • The authorities have rounded up about 9,000 people including 115 generals, 350 officers, 4,800 other military personnel and 60 military high school students for alleged involvement in the coup attempt. Turkey’s defence ministry has also sacked at least 262 military court judges and prosecutors, according to Turkish media reports.

20-Jul-2016   UNION CABINET APPROVES SIGNING OF AIR SERVICES AGREEMENT BETWEEN INDIA AND MOZAMBIQUE

  • To promote the air connectivity between the two countries, the two sides initiated the process of consultation in 2011
  • The draft text of the Air Services Agreement (ASA) has been finalized in consultation with Ministry of Finance (Deptt. of Revenue/Deptt. of Economic Affairs), Ministry of External Affairs and Ministry of Law & Justice (Deptt. of Legal Affairs)
  • Multiple designation of Airlines by each party.
  • The designated Airline of each party can enter into cooperative marketing arrangements with the designated carriers of same party, other party and that of a Third party
  • Allows designated airlines of either countries to establish offices in the territory of other country for the promotion and sale of air services
  • The designated airlines of the two countries shall have fair and equal opportunity to operate the agreed services on specified routes
  • ASA also has the provisions relating to Revocation or Suspension of Operating Authorization