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Monthly Archives: August 2017

India Implements Indian Army Reforms

New Delhi (ABC Live) : Indian Army Reforms : In a first ever exercise after Independence, the Ministry of Defence in consultation with the Indian Army has decided to reform the Indian Army in a planned manner. These decisions were approved by the Defence Minister Shri Arun Jaitley after an extensive consultation with all stakeholders. The first phase of the …

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Cabinet Approves India-Israel MoU for Innovation Fund

New Delhi (ABC Live): India-Israel MoU : The Union Cabinet chaired by Prime Minister Shri Narendra Modi approved a Memorandum of Understanding (MoU) between India and Israel on “India-Israel Industrial R&D and Technological Innovation Fund (I4F)”. The MoU was concluded in July, 2017 India and Israel will make an contribution of four million US Dollars each for the Fund, both …

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India to Bring First GST Act Amendment

New Delhi (ABC Live): GST Act Amendment ; The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given its approval to the proposal of the Finance Ministry to promulgate an ordinance to suitably amend the Goods and Services Tax (Compensation to States) Act, 2017. The approval would allow to increase the maximum rate at which the Compensation Cess …

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Election Commission MoU with International Agencies

New Delhi (ABC Live): Election Commission : The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the proposal of the Election Commission of India to enter into Memorandum of Understanding (MoU) on cooperation in the field of electoral management and administration with the Election Management Bodies of other countries/International Agencies. These are as follows: i. The National …

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RBI Recovers 99 percent of Specified Bank Notes

New Delhi (ABC Live): Specified Bank Notes :The RBI Annual Accounts for 2016-17, at note XI.6.2 Liabilities of Issue Department – Notes Issued in para (ii) mentions – “Until June 30, 2017, Specified Bank Notes (SBNs) were received by the Reserve Bank either directly or from bank branches/post offices through the currency chest mechanism.  Some of these SBNs are still lying in …

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UN Supports Two-State Solution for Middle East Conflict

New York (ABC Live):  Two-State Solution :United Nations Secretary-General António Guterres today reiterated his call for a political solution to the Middle East conflict that would end Israel’s occupation of Palestinian land and would create an independent Palestinian state, living side by side with Israel in peace and security. “It is my deep belief that it is essential to restart a serious and credible …

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UN Condemns North Korea Ballistic Missile Launch

New York (ABC Live):   North Korea Ballistic Missile : United Nations Secretary-General António Guterres has condemned the latest North Korea Ballistic Missile Launch and termed it  as violation of relevant UN Security Council resolutions. “The launch undermines regional security and stability and efforts to create space for dialogue,” said a statement issued by UN spokesperson Eri Kaneko. According to press reports, early Tuesday morning, …

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UN Bats for 2030 Agenda with Sustaining Peace

New York (ABC Live):  Sustaining Peace : Addressing how best United Nations peacekeeping operations can augment global efforts to sustain peace, Deputy Secretary-General Amina Mohammed has said that the nature of today’s challenges requires seamless work across peace and security, human rights and sustainable development. “Peacekeeping operations need clear, realistic and up-to-date mandates, with well-identified priorities, adequate sequencing and flexibility to …

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IAEA Inaugurates Low-enriched Uranium Bank in Kazakhstan

Vienna (ABC Live): Low-enriched Uranium Bank :An International Atomic Energy Agency (IAEA) project aimed at providing confidence to countries about the availability of nuclear power fuel reached a key milestone on Tuesday towards its establishment, with the inauguration in Kazakhstan of a facility where low-enriched uranium (LEU) will be stored. IAEA Director General Yukiya Amano and President of Kazakhstan Nursultan Nazarbayev …

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FAO Confirms Abundant Global Cereal Supplies in 2017-18

New York (ABC Live): Global Cereal Supplies : Global cereal supplies are likely to remain abundant in the 2017/18 season. Markets of the major coarse grains are expected to be particularly well supplied following record maize harvests in South America. While wheat availabilities are also seen ample, supplies of high protein wheat could become tighter in view of a deteriorating …

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