Current Affairs > Daily Current affairs

Daily News Analysis 02-05-2016







India, China Armies meet cordial (Page 12)

a)     I.R

a)     The Armies of India and China on May 1st expressed resolve to maintain peace along the Line of Actual Control with their senior commanders holding two border meets in Chinese and Ladakh region as part of efforts to build cordial ties.


Ahead of PMs visit, India offers to clear $ 6.5 billion of Irans oil dues (Page 12)

a)     I.R

a)     Keen to step up engagement in the hydrocarbon sector with Iran, India has conveyed to the Gulf nation that it is ready to clear nearly $ 6.5 billion of the dues for oil import from that country at the earliest, provided there is clarity on payment channel.


Nepal Presidents Kumbh diplomacy to placate India (Page 12)

a)     I.R

a)     Nepali President Bidhya Devi Bhandaris visit to Ujjain to participate in the Simhastha Kumbh is being interpreted in Kathmandu as a gesture to assuage India following Prime Minister K. P. Sharma Olis March visit to China during which Nepal and China sealed a transit agreement, indicating an end to Nepals dependence on India.


Soon, direct flights from India to NZ (Page 12)

a)     I.R

a)     India and New Zealand on May 1st signed an air services agreement that will pave the way for carriers to run direct flights between the two countries. The agreements were signed in the presence of President Pranab Mukherjee (who is on a three-day state visit to New Zealand) and the host countrys PM John Key.


Minister complains of sledging in trade talks (Pages 1 and 12)

a)     I.R

a)     Commerce Minister Nirmala Sitharaman said that sledging happens not just in cricket but also in negotiations on Free Trade Agreements. Talks are under way for FTAs with Australia, European Union, as well as for the Regional Comprehensive Economic Partnership or RCEP among 16 Asia-Pacific nations, including India.


A National Court of Appeal? Aye. (Page 11)

a)     National

b)     Polity

a)     The Chief Justice has initiated introspection on the need for a National Court of Appeal; at its heart lies a fundamental question of substantial importance: Is the Supreme Court doing what it is meant to do? And if not, where lies the fault and where the remedy?


Modi launches LPG scheme for poor women (Page 9)

a)     National

b)     Social issue

a)     On May 1st, PM Modi launched the Pradhan Mantri Ujjwala Yojana, which aims to provide five crore LPG connections to women in BPL households over the next three financial years, at a cost of Rs. 8000 crore. The scheme is to be partially funded from the savings accruing to the government from LPG users who gave up their subsidy as part of the Give It Up programme.


Where are Indias taxpayers? (Page 10)

a)     National

b)     Economy

a)    In 2015-16, direct taxes contributed only 51 percent of the tax revenue, lower than in recent years and lowest since 2007-08. An increasing share of indirect taxes in total revenue collection is cause for alarm because indirect taxes affect all Indians alike, rich and poor.


Self-reliance is the key (Page 10)

a)     National

b)     S&T

a)     The Indian Regional Navigation Satellite System constellation is now complete, with the ISRO successfully launching the seventh and final navigation satellite, IRNSS-1G. With this seventh launch, India has an independent regional navigation satellite capability that covers the entire country and an area extending about 1500 sq. km beyond its border, with a position accuracy better than 20m in all weather conditions.


Rainwater linked to earthquake triggers: Study (Page 20)

a)     Geography

a)     A new study says that rainwater may play an important role in the process that triggers earthquakes. Researchers identified the sources and fluxes of the geothermal fluids and mineral veins from the Southern Alps of New Zealand where the Pacific and Australian Plates collide along the Alpine Fault. Chemical analyses showed that fluids from the mantle and fluids derived from rainwater are channelled up the Alpine Fault.


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