Current Affairs 30th July 2016
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Cabinet approves BIT between India and Cambodia
The Union Cabinet has approved Bilateral Investment Treat (BIT) between India and Cambodia. The Treaty aims at promoting and protecting investments from either country in the territory of the other country. Its objective is to increase bilateral investment flows. This is the first ever BIT approved by the cabinet.
SEBI Plans to ease norms for Start-up
The Securities and Exchange Board of India (SEBI) is planning to ease the guidelines for listing of start-ups. The regulator is in favor of trading shared in smaller numbers so that more number of investors could trade. It also included higher allotment to retail investors.
BPCL acquires 21% stake in FINO PayTech
Bharat Petroleum Corporation (BPCL) has picked up a 21 percent stake in FINO Pay Tech for Rs. 251 crore. BPCL has entered into an agreement for acquiring 21 percent stake. FINO PayTech is a payments technology solutions provider to banks, financial institutions, and Micro Financial institutions.
Russian weightlifters banned from Rio
Russia’s weightlifting team has been banned from participating at the Rio Olympics due to some doping offences they face. Out of 8 strong weightlifting teams, two of them were already banned for violations and another four were named in the McLaren report. Russia’s Sports Minister said 272 of the original 387 athletes selected had been cleared to complete in Rio.
Gujarat has got cleanest railway stations
The cleanest railway stations in the country are in Gujarat and the dirtiest are in Bihar and UP. This report is made based on the passenger feedback survey on cleanliness carried out by the Railway Ministry. The survey was conducted at 407 major railways stations. The top 3 cleanest stations are Beas, Gandhidham and Vasco Da Gama.
Oracle to buy NetSuite for $9.3 billion
Oracle Corp has said that it would buy NetSuite Inc for about $9.3 billion to expand into the fast-growing cloud market. NetSuite was founded in 1998 and has pioneered the cloud computing revolution by creating the first company dedicated to providing business applications over the internet.
India to host summit on tobacco control
India will host a crucial global summit in November to eliminate the illicit trade of tobacco products. About 1,000 to 1,500 delegates from 180 countries are expected to participate in the summit. The percentage of tobacco related cancers is 30.1 of the population as a whole.
India aims to double tiger count by 2022
Union Environment Minster Anil Madhav Dave has said that India would be able to double the number of wild cats by 2022. India has 2,226 tigers spread out in over 17 states and 49 sanctuaries across the country. India has got the maximum number of tigers among the 13 other Tiger Range Countries (TRC).
Haryana launches Pashudhan Bima Yojana
The Haryana Government has launched Pashudhan Bima Yojana. The State Animal Husbandry and Dairying Minister, OP Dhankar has launched the scheme. Under this scheme insurance cover would be provided for cows, buffaloes, bulls, camel at a premium of Rs. 100 and for sheep, goat, pig etc Rs 25 for a period of three years. The insurance companies would give compensation in case of death of an animal.
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