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Article 72: Power of President to grant pardons, etc, and to suspend, remit or commute sentences in certain cases Article 161: Power of Governor to grant pardons, etc, and to suspend, remit or commute sentences in certain cases The powers conferred by sections 432 and 433 upon the State Government to remit or commute a sentence in certain cases
State governments:-to implement the relevant schemes, in accordance with the Central Government guidelines. Local Authorities and Panchayati Raj Institutions:-proper implementation of the Bill in their respective areas
Defence /Security
Agni-IV
Agni-IV, a surface-to-surface missile, was successfully test-fired from Wheeler Island, off the Odisha coast by Defence Research and Development Organisation (DRDO), which developed Agni-IV. This success paves the way for the missiles induction into the Army. The Army has already deployed Agni-I, II, III, Prithvi-II and Dhanush missiles, all of which carry nuclear warheads. India and nuclear energy A. Developing a Peaceful Nuclear Program: 1947 to 1974 After independence Prime Minister Jawaharlal Nehru launched an ambitious nuclear program meant to produce inexpensive electricity. India opposed nuclear weapons favoured comprehensive global nuclear disarmament.
Decided not to sign the Treaty on the Non-Proliferation of Nuclear Weapons (NPT) when it was opened for signature in 1968 unless the nuclear weapon states agreed to a clear plan for nuclear disarmament. Prime Minister Lal Bahadur Shastri authorized theoretical work on the Subterranean Nuclear Explosion for Peaceful Purposes (SNEPP) project in November 1964. On 18 May 1974, India tested a fission device which it described as a peaceful nuclear explosion (PNE). B. The Slow Path towards Weaponization: 1974 to 1998 Indias 1974 nuclear test was major contributing factor to the formation of the Nuclear Suppliers Group (NSG). It was not until roughly 1986 that India could be considered a nuc lear weapons-capable state. At that time, advances in Pakistan's efforts to acquire nuclear weapons and the oblique nuclear threats issued by Islamabad in the wake of the 1986 to 1987 Brasstacks crisis appear to have persuaded Prime Minister Rajiv Gandhi to authorize weaponization of India's nuclear capability. At the same time, India continued to support efforts for nuclear disarmament. In 1988, Prime Minister Gandhi submitted an Action Plan for a Nuclear-Weapons-Free and Non-Violent World Order to the United Nations General Assembly In 1995 the Narasimha Rao government considered an accelerated program of nuclear tests U.S. diplomatic pressure convinced the Rao government to postpone the tests. In 1998, the BJP authorized two rounds of nuclear tests after which it formally declared India to be a nuclear-weapon state. C. India as a Declared Nuclear Power: 1998 to the Present After the 1998 tests the Indian government established a National Security Advisory Board, which issued a Draft Report on Indian Nuclear Doctrine that outlined Indias nuclear no-first-use policy and defensive posture of credible minimum nuclear deterrence. In line with this posture the countrys nuclear weapons remain under the control of the civilian Nuclear Command Authority (NCA), comprised of a Political Council, chaired by the Prime Minister, which is the sole body which can authorize the use of nuclear weapons; and an Executive Council, led by the National Security Advisor, which provides inputs for decision making and executes the directives given to it by the Political Council. D. Recent Developments and Current Status India continues to participate in international nuclear trade. New Delhi is seeking membership to the NSG, MTCR (missile technology control regime), Wassenaar Arrangement and Australia Group. At the same time, India has remained firmly outside of the NPT, arguing that nuclear weapons are an integral part of our national security and will remain so pending the global elimination of all nuclear weapons. India has a facility-specific safeguards agreement in place with the International Atomic Energy Agency (IAEA) and a waiver from the Nuclear Suppliers Group (NSG) allowing it to participate in global civilian nuclear technology commerce. New Delhi has not signed the CTBT, and continues to produce fissile material for its nuclear weapons program.
The government has approved Capacity Building Scheme and Rajiv Gandhi Institute for climate change to be set up in New Delhi. Capacity Building Scheme To assess impact of climate change in vulnerable areas and associated risks. Designed to undertake and augment various activities including Coordination of National Action Plan on Climate Change (NAPCC) and State Action Plan on Climate Change. Rajiv Gandhi Institute for climate change:- Autonomous body will have four key functional areas: Environmental-scientific assessments and modeling Economic and legal analysis Monitoring and policy making Training, capacity building and advocacy and database, documentation and inventory management.
ECONOMIC PERSPECTIVE
China grew at 14 years low GDP rate during 2013
Chinas economy during 2013 grew 7.7%, lowest annual growth rate since 1999 when the economy grew 7.6%. China and BRICS:-Among all BRICS nations China has highest GDP followed by Brazil, Russia, India and South Africa. More importantly Chinas GDP is greater than the combined GDP of all other members. China vs. India:- In 1980, the economies of China and India were almost the same in terms of gross domestic product (GDP). India's GDP per capita was, in fact, slightly higher than that of its much larger eastern neighbour. Then, the Chinese economy grew at an average rate of 10 per cent between 1980 and 2010, leaving India far behind. Multitudes of factors that play a pivotal role in shaping the economy of both the countries include social, political and other factors. In terms of exchange rates, the economy of China is in the second position, whereas Indian economy is considered as the 11th largest economies in the world. Indias estimated GDP is around USD 1.537 trillion, while China is far ahead with GDP of USD 5.878 trillion. Chinas agricultural techniques are more advanced as compared to India and it yields better quality crops.
Chinese manufacturing sector is presently eight times the size of India's India is running little behind to china when we talk about per capita GDP. Reasons for China's rapid pace of growth The biggest advantage that China had in the early 1980s was human capital. In 1982, the literacy rate in China was 64.4 per cent, compared to India's 37. In terms of healthcare, China had a far healthier population. Business-friendly environment created by the setting up of Special Economic Zones and businessfriendly labour policies. Multinational companies approached China and India very differently. They saw India as a large market for their products, while China was seen as a manufacturing base for supply to the rest of the world. The large difference in foreign direct investment (FDI) flow into the two countries. Political stability In China decision-making is very local and fast.
RBI would appoint an authority or a committee to administer the Fund, and to maintain separate accounts and other relevant records in relation to the Fund, which would be specified by it.
RBI to withdraw from circulation all currency notes issued prior to 2005
The Reserve Bank has decided to withdraw all currency notes issued prior to 2005, including Rs 500 and Rs 1,000 denominations, after March 31 in a move apparently aimed at curbing black money and fake currencies. At present, currency notes in denominations of Rs 5, Rs 10, Rs 20, Rs 50, Rs 100, Rs 500 and Rs 1,000 are issued.
P J Nayak committee
The committee has been constituted by the Reserve Bank of India (RBI) to review governance of board of banks and examine fit and proper criteria for directors, including their tenure. Former Axis Bank Chairman P J Nayak will be the chairman of the Committee.
MISCELLANEOUS Personalities
Laimdota Straujuma
She is a technocrat and former agriculture minister, recently has been elected as first ever woman Prime Minister of Latvia.
Rakesh Khurana
Mr. Rakesh Khurana is an Indian-origin academician, has been appointed dean of the prestigious Harvard College. He succeeds Evelynn Hammonds.
Hery Rajaonarimampianina
Mr. Hery Rajaonarimampianina has been declared as the President of Madagascar.