Monday, March 15, 2010

National Current Affairs 2010

Kirit Parikh committee , set up to review petro pricing regime, submit its recommendation. Its major recommendation are to deregulate the prices of petrol & diesel as per market prices, reduce the subsidy on LPG.



India signed a Civil Nuclear Cooperation Agreement with the UK, which became the 8th country to enter into such a pact, since the lifting of atomic trade embargo in 2008.

Govt set up a panel under the Chairmanship of former Justice B N Srikrishna which would consider the demand for splitting Andhra Pradesh.

India and Denmark signed a social security pact which will relieve their workers from double taxation and provide for cooperation in areas of labour market expansion and orderly migration.

Prime Minister Manmohan Singh visits Saudi Arabia in Feb 2010. He was the first Indian PM in 28 years to visit the gulf country. Saudi Arabia is India’s largest supplier of crude oil ( 23 %) followed by Iran ( 17 %) and Nigeria ( 11 %). India is offering upto 10 % equity to Saudi petroleum firm Saudi Aramco in a refinery being built in Orissa. PM addressed the Shoura council of Saudi Arabia.

Constitution 111th Amendment – Proposes to incorporate a new Part ( Part IX B) in the Constitution so as to provide for legal framework to regulate the functioning of cooperative societies. A new Article ( Article 43 B) is also proposed to be inserted in Part IV of the Constitution (Directive Principles of State Policy) for the States to promote voluntary formation, autonomous functioning of cooperative societies.

Civil Liability for Nuclear Damage Bill 2009 commonly known as Nuclear Liability Bill will be introduced by Govt in Parliament in Winter session 2010. The draft bill aims at limiting the liability of a nuclear plant operator to Rs. 300 crore in the eventuality of an accident. The bill provides for the penalty to be paid by the operator and not the supplier companies which would mainly be American in this case. India has entered into civil nuclear cooperation agreement with eight countries so far

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