Current Affairs for IAS Exams - 21 September 2014


Current Affairs for IAS Exams - 21 September 2014


National

Bilawal Bhutto statement on Kashmir

  • Political reactions across party lines have strongly condemned the statement by Bilawal Bhutto that his party, the Pakistan People’s Party, would take over the whole of Kashmir.

  • The BJP described the statement as “immature” and “childish,” and said Kashmir would always remain an integral part of India.

  • Mr. Bhutto’s PPP was wiped out in Multan in the 2013 general elections.

  • According to an analyst in Pakistan, “He [Bhutto] thinks he can gain this region back, where pro-Taliban forces are strong, with such statements on Kashmir.”

“Young leader of tomorrow” by Time magazine (Register and Login to read Full News..)

International

John Key swept to a historic victory

  • New Zealand’s conservative Prime Minister John Key swept to a historic election victory on, securing a third term as voters ignored campaign allegations of dirty tricks and mass spying.

  • The resounding win makes Mr. Key the first New Zealand leader able to govern in his own right since proportional voting was introduced in 1996 and means his centre-right National Party has increased its vote in all three elections he has contested.

  • National won 61 of 121 parliamentary seats, up from 59 at the last election in 2011, while the main opposition Labour Party managed only 32, down two, its worst performance since the 1920s.

Business and Economics

“Make In India” campaign

  • Prime Minister Narendra Modi will launch the “Make In India” campaign , aimed at reviving the job-creating manufacturing sector — key to taking the economy on a sustainable high growth path.

  • The drive, the Modi Government hopes, will do for investment sentiment what the “Incredible India” campaign has accomplished for tourism.

  • With his “Come, make in India” slogan in his Independence Day speech, Mr. Modi had invited global companies to set up manufacturing units in India to supply to the rest of the world.

  • For the launch, the Government is likely to invite the who’s who of the global corporate sector from the US, Japan, Korea, Sweden, Poland, Australia, China, Italy, Germany and France.

  • The campaign also includes invitations to the world’s top 3,000 companies to explore investment possibilities in India. Indian Embassies around the world are expected to join the campaign.

  • “The objective is to take manufacturing growth on a sustainable basis to 10 per cent over the long term,”.

  • The Department of Industrial Policy and Promotion has set up an eight-member expert panel to redress grievances and handle queries of global and domestic investors within 24 hours.

  • Its role will be to provide information and solve investors problems.

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Sources: Various News Papers & PIB

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