News Bits - 21 Feb 2015

   

1. India Signs Loan Agreement with Asian Development Bank for $50 Million Loan To Boost Power Generation Capacity in Assam .
2. Indian Insurance Companies (Foreign Investment) Rules, 2015 Notified; Foreign Equity Investment Cap of 49 Per Cent Applicable to All Indian Insurance Companies; Foreign Direct Investment (FDI) Proposals up to 26 Per Cent of the Total Paid-Up Equity of the Indian Insurance Company Allowed on the Automatic Route, and FDI Proposals which take the Total Foreign Investment Above 26 Per Cent and up to the Cap of 49 Per Cent Shall Require FIPB Approval.
3. The Delhi Police recovered two boxes full of confidential papers on petrol, coal and power from the South Delhi home of a former journalist, Santanu Saikia, on Thursday in connection with the Oil Ministry leaks.
4. China on Friday expressed its “diametrical opposition” to Prime Minister Narendra Modi's visit to Arunachal Pradesh.The Xinhua report said that Mr. Modi visited a “disputed zone in the eastern part of China-India borders” on Friday to participate in activities marking the founding of the so-called “Arunachal Pradesh,” a State that Indian authorities “illegally and unilaterally declared in 1987.”
5. Former Maharashtra Home Minister R.R Patil’s death due to oral cancer has spurred new activism against tobacco use in the State.
6. Barely a week after Defence Minister Manohar Parrikar witnessed the ongoing theatre-level naval exercise TROPEX-15 on board the newly acquired INS Vikramaditya , reliable information suggests that the aircraft carrier’s operation is crippled, owing to issues with its integral fleet of MiG-29K fighter jets.
7. Relations between Afghanistan and Pakistan have never been better, Pakistan's Interior Minister said on Thursday, adding there had also been “a quantum leap in trust” between Islamabad and Washington.
8. “We need checks and balance, but we should ensure a balance of checks. We cannot have escaped the License Permit Raj only to end up in the Appellate Raj!,” Dr. Rajan said at an event.
9. New accounting standardrules notified,Ind AS norms which are converged with global standards IFRS,which will be mandatory for companies from April 1, 2016.

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