LAKSH Career Academy

LAKSH Career Academy
Author: Hiren Dave

Saturday 27 August 2016

26 AUGUST 2016

Ø  An expert panel constituted by the Home Ministry to find an alternative to pellet guns for crowd control following an uproar against its use in Kashmir has zeroed in on ‘PAVA shells’, a chilli-based ammunition, which is less lethal and immobilises the target temporarily. The ‘PAVA shells’, as per the blueprint prepared in this regard, had been under trial for over a year at the Indian Institute of Toxicology Research, a Council of Scientific and Industrial Research laboratory in Lucknow.
Ø  China on Thursday urged India to do more to reinforce peace and stability along the border, following reports that New Delhi was deploying advanced cruise missiles in the eastern sector. Col. Wu’s remarks scaled down observations in a commentary that appeared in PLA Daily, which said India’s decision to deploy 100 missiles of an upgraded version in the northeast exceeded its defence needs and posed a “serious” threat to Tibet and Yunnan. The controversy precedes the visit of Prime Minister Narendra Modi to Hangzhou next month for a meeting of the G-20 countries. Mr. Modi is expected to meet Chinese President Xi Jinping on the sidelines of the summit. Mr. Modi will reach Hangzhou after visiting Vietnam, which has expressed its interest in buying the BrahMos missiles. India is free to export these missiles as it has got the membership of the Missile Technology Control Regime. Vietnam has close economic ties with China, but tensions between the two countries have been growing on account of their differences over their maritime boundaries in the South China Sea.
The Reserve Bank of India (RBI) has announced a raft of measures to boost investor participation and market liquidity in both the corporate bond and currency markets. The central bank will allow commercial banks to issue rupee bonds in overseas markets — known as Masala bonds, both for their capital requirement and for financing infrastructure and affordable housing, according to an RBI statement. Accepting many of the recommendations of the Khan Committee to develop the corporate bond market, it has been decided to enhance the aggregate limit of partial credit enhancement (PCE) provided by banks, permit brokers in corporate bond repos, authorise the platform for repo in corporate bonds and encourage credit supply for large borrowers through market mechanism.”

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