Current Affairs For SSC CGL Exam

29 June, 2014

Open for business, India tells China

• Ahead of Monday’s trade talks in Beijing — the first at the ministerial-level between the new government in New Delhi and China — Commerce and Industry Minister Nirmala Sitharaman has said the Narendra Modi government would underline its intent to create a more open investment environment for foreign firms — from China and elsewhere — starting with a landmark agreement to set up at least four Chinese industrial parks in India.

• Ms. Sitharaman and her counterpart Gao Hucheng will sign an MoU that will for the first time establish a formal framework for Chinese companies to invest in dedicated industrial parks.

China has invited India to participate in the Asian Infrastructure Investment Bank

• China has invited India to participate in the Asian Infrastructure Investment Bank (AIIB) — Beijing’s brainchild to steer development along the ancient “silk route” free from the influence of western-backed lenders such as the World Bank and the Asian Development Bank (ADB).

• China had sought India’s participation during the visit to New Delhi by Chinese Foreign Minister Wang Yi soon after the Modi government assumed office. “It is clear that the Chinese will not tie the lending from the investment bank to non-economic issues, such as human rights, which western-backed lenders have often leveraged as instruments of political influence and control.

Constitution a key priority in Nepal

• Nepal President Dr. Ram Baran Yadav presented the government’s programmes and policies for the fiscal year 2014-15 in the Parliament.
• Dr. Yadav emphasised the importance of promulgating the Constitution in time through consensus. The coalition government’s road map also talks about adopting zero tolerance to corruption. On foreign aid, the government aims to channelise it into the national system and mobilise in areas of national priority.

Indian shuttler Saina Nehwal lifted her first Super Series

• Ace Indian shuttler Saina Nehwal lifted her first Super Series title in two years, clinching the $750,000 Star Australian Open outplaying Spain’s Carolina Marin in the summit clash here on Sunday.

• The sixth-seeded Indian prevailed 21-18, 21-11 in a 43-minute contest which left her richer by $56,000. Saina logged the first point and displayed some deft netplay against her rival, stroking in some delectably timed volleys to take a 5-2 lead in the opening game.

• But Marin narrowed the gap 6-8 but seemed distinctly out of her comfort zone every time Saina dragged her towards the net.

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