Current Affairs For SSC CGL Exam - 14 June, 2014

Current Affairs For SSC CGL Exam

Prime Minister Narendra Modi has conveyed his government’s sharp focus on modernising the country’s defence infrastructure and tying maritime security to India’s growth story.
Advocating infusion of new technology and indigenisation to produce weapons and platforms, Mr. Modi signalled that Indian-produced military hardware could find a niche in countries belonging to the global South.
By choosing the giant aircraft carrier as his first outing to a defence establishment, Prime Minister Narendra Modi seemed to convey that India’s long-held aspiration of establishing a footprint in the Indian Ocean — which was drawing several competing powers — had not been extinguished.

Appointments to nearly 50 posts, both of senior officials and those in offices and authorities attached to various Ministries, are stuck as Prime Minister Narendra Modi has returned the files to the Ministers. The appointments are for the ranks of Joint Secretaries and above.
Some of these appointments were approved by then Prime Minister, Manmohan Singh during the United Progressive Alliance (UPA) rule, but had not been notified. However, a bulk of them have been kept pending for the new government’s approval.
All other procedures had been completed, and approvals from the Civil Services Board too were in place. Only the approval of the Cabinet Appointments Committee is pending.
Those appointments that the new Ministers do not approve will go back to square one and the entire selection process will have to be restarted from scratch.
The source explained that some of these appointments are routine while others are of officials waiting for postings after the end of their tenure.

Three Indian-Americans and their associate have been charged by federal regulator in an insider trading scheme where they reaped $12 million in illegal profits by trading in shares of a discount clothing chain.
The U.S. Securities and Exchange Commission alleged that Saleem Khan was routinely tipped by his friend Roshanlal Chaganlal, who was a director in the finance department at Ross headquarters in California.
Mr. Khan used the confidential information to illegally trade on more than 40 occasions ahead of the company’s public release of financial results.
The SEC’s complaint charges Mr. Khan, Chaganlal, Mendonsa, and Akbari with violating the antifraud provisions of the federal securities laws.

A nuclear deal between Iran and the West was possible within the next five weeks, according to Iranian President Hassan Rowhani .
The target date for a comprehensive agreement between Iran and six world powers — Britain, China, France, Russia, the United States and Germany — to end the decade—long row over Iran’s nuclear activities is July 20.
In November, the parties reached an interim deal under which Iran agreed to limit its uranium enrichment programme and reduce some levels of enrichment in exchange for some relief from international sanctions.
The US and its allies are seeking an agreement to guarantee that Iran will use its nuclear programme solely for peaceful purposes. Tehran has insisted that it is not seeking nuclear weapons.