INDIA & WORLD
India ranks 112th in 2016 World Economic Freedom Index
India has been ranked 112th out of 159 countries in the 2016 World Economic Freedom Index (WEFI). The index was release as part of the 2016 annual report of the Economic Freedom. The report measures the economic freedom by analyzing the policies and institutions of all 159 countries and territories and was based on data from the year 2014.
Top 10 Countries in 2016 WEFI
Hong Kong (1st), Singapore (2nd), New Zealand (3rd), Switzerland (4th), Canada (5th), Georgia (6th), Ireland (7th), Mauritius (8th), UAE (9th) and Australia (10th).
India, Nepal sign three agreements
India and Nepal have signed three Memorandum of Understanding (MoUs) for post-earthquake reconstruction, Road infrastructure in Tarai and Line of Credit. These agreements were inked during the four days (from 15 to 18 September 2016) official state visit of Nepal Prime Minister Pushpa Kamal Dahal Prachanda to India. “MoUs signed are: “Dollar Credit line agreement “First Amendatory Dollar credit line agreement” MoU for Upgradation and Improvement of Road Infrastructure in Terai Area of Nepal”
India takes US renewable energy dispute to WTO
India has complained to the World Trade Organization (WTO) about support given to the renewable energy industry in United States. The complaint alleges these 8 states in US have prop up their renewable sector with illegal subsidies and domestic content requirements, an obligation to buy local goods rather than imports. These 8 US states are Washington, Montana, California, Massachusetts, Connecticut, Delaware, Michigan and Minnesota. By filing the complaint, India has triggered a 60 day window for US to settle the dispute, after which India could ask the WTO to adjudicate.
Bhattacharya, Kochhar among most powerful women outside US
India’s top women bankers, SBI chief Arundhati Bhattacharya, ICICI head Chanda Kochhar and Axis Bank CEO Shikha Sharma, are among the 50 most powerful women based out-side the US, according to a list by Fortune which is topped by Banco Santander’s boss Ana Patricia Botín. Bhattacharya is ranked second on the list, while Kochhar comes in on the fifth spot and Sharma on the 19th position in the Fortune’s ’50 Most Powerful Women International’ list, which has ranked the women based outside the US.
Joint Indian-US army exercise ‘Yudh Abhyas 2016’ to begin in Uttarakhand
As part of the ongoing Indo-US defence cooperation, a joint military training exercise, ‘Yudh Abhyas 2016’ is set to be conducted in Uttarakhand from September 14 to 27. The exercise in Chaubattia was being conducted by the headquarter Central Command. The exercise is aimed at simulating a scenario where both nations were working together to counter insurgency and terrorism in mountainous terrain under UN charter. The two week exercise will witness participation of about 225 personnel of the US Army and similar strength of Congo Brigade of the Indian Army.
India inks open skies pact with Greece
India has signed a Memorandum of Understanding (MoU) with Greece to allow unlimited number of flights into each other’s countries and also has initiated the air service agreement for open skies. With this, Greece becomes first country with which India has inked an open sky arrangement under its new civil aviation policy. At present, there are no direct flights between India & Greece. Under the open skies agreement, airlines from India will be allowed to operate un-limited number of flights to Greece.
India, Kazakhstan Joint Exercise PRABAL DOSTYK-16 begins
India, Kazakhstan joint bilateral military exercise PRABAL DOSTYK-16 began in Karaganda region of Kazakhstan. The fourteen day will be a significant step towards fostering military as well as diplomatic ties between both countries. ‘Prabal Dostyk’ means ‘Robust Friendship’. In this edition of exercise, Indian Army is being represented by a platoon strength and the Kazakhstan Army is represented by platoon from Special Operating Force’s Unit.
WHO certifies India Yaws, Maternal & Neonatal Tetanus free
India has officially received certificates from World Health Organisation (WHO), recognizing the elimination of Yaws and Maternal and Neonatal Tetanus (MNT) from the country. The certificates were presented to Union Health Minister J P Nadda at the 69th Session of the WHO Regional Committee for South-East Asia Region held in Colombo, capital of Sri Lanka.
UN Charter translated into Sanskrit
The UN Charter, the seminal treaty of the United Nati-ons, has now been translated into Sanskrit. The Charter is available in all six official languages of the UN.
World’s first made-in-India leprosy vaccine out on pilot basis
The Indian Institute of Immunology in New Delhi has developed mycobacterium indicus pranii (MIP), an exclusive and completely domestic vaccine for leprosy. MIP, World’s maiden leprosy vaccine, will be launched on trial basis within a few weeks. Leprosy affects around 1.25 lakhs people in India annually.
India, Vietnam Sign 12 Agreements to Boost Bilateral ties
India and Vietnam have signed 12 agreements for coop-
eration in areas, including defence and IT, to boost bilateral ties. PM Modi said New Delhi will provide $500 million credit line for Vietnam for defence cooperation. India also offered a grant of $5 million to set up a software park in Vietnam. This is the first bilateral prime ministerial visit from India to Vietnam in 15 years since the visit of then premier Atal Bihari Vajpayee in 2001. Indian Navy and Vietnam Navy will cooperate in sharing of white shipping information.
India Myanmar ink four agreements to boost bilateral cooperation
India and Myanmar have signed four Memorandum of Understanding (MoU) to enhance cooperation and bilateral relations between the two countries. These agreements were signed after delegation level talks between Prime Minister Narendra Modi and his visiting counter part President of Myanmar U Htin Kyaw in New Delhi. President Kyaw was on a four day visit to India from 27 August to 30 August 2016. He is the first democratically elected President of Myanmar to visit India.
Signed Agreements are
i. MoU on cooperation in the Field of Renewable Energy.
ii. MoU on cooperation in the construction of 69 Bridges
iii. MoU on cooperation in the field of Traditional Systems of Medicine.
iv. MoU on cooperation in the construction and upgradation of the Kalewa – Yagyi Road Section.
US Postal Service honors Diwali Festival with a Forever Stamp
The US Postal Service will commemorate the festival of Diwali with a Forever stamp on Oct 5 and on behalf of this a dedication ceremony to be hosted at Consulate General of India in New York. The commemorative stamp designed with featuring a traditional diya oil lamp beautifully lit, sitting on a sparkling gold background.
Two Indian-American women named White House fellows
Two Indian-American women have been selected for the prestigious White House Fellow programme that offers firsthand experience of working at the highest levels of the US federal government. Astrophysicist Anjali Tripathi from California and physician Tina R Shah from Chicago are among the 16 White House Fellows appointed from across the nation for the year 2016-17.
Read more: Current Affairs Sept 2016 Study Material | FreeJobAlert.com http://currentaffairs.freejobalert.com/sept-2016-current-affairs-study-material/13951/#ixzz5TGDj44Ka

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