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24 September 2016 Current Affairs

UNSC approves resolution for global implementation CTBT to ban nuclear weapons tests

The United Nations Security Council (UNSC) has approved a resolution urging quick global implementation of Comprehensive Nuclear-Test-Ban treaty (CTBT) to ban tests of nuclear weapons. The resolution has welcomed progress made towards universalization of the Treaty with 14 votes in favour of it and one abstention (Egypt). The CTBT bans all nuclear explosions for both civilian and military purposes. It was adopted by the UNGA under resolution 50 (1996). The Treaty will enter into force 180 days after the date of deposit of the instruments of ratification by all. So far, 183 countries have signed the CTBT and 166 States have deposited their instruments of ratification.

First Russia-Pakistan military exercise Druzhba-2016 begins

The first military exercise between Russia and Pakistan named Druzhba-2016 (Friendship-2016) has kicked off in Pakistan. With this, Pakistani Army and Russian Ground Forces (RGF) have come together for the first time in military exercises reflecting growing military ties between two former Cold War rivals. Key Facts The military exercise is taking place at the Army High Altitude School in northern Pakistan’s Rattu and at a special forces training centre in Cherat. The two week long joint military drills aims at bolstering and building military cooperation between the two countries.

Union Cabinet clears new India-Cyprus DTAA

The Cabinet has approved a revised Double Tax Avoidance Agreement (DTAA) between India and Cyprus that provides for source-based taxation of capital gains on transfer of shares instead of one based on residence. India and Cyprus have a DTAA since 1994. Cyprus is a major source of foreign funds flows into the country. From April 2000 till March 2016, India received foreign direct investment to the tune of Rs 42,680.76 crore from Cyprus.

Indian Air Force successfully test fires long range air-to-air MICA missile

Indian Air Force (IAF) has successfully fired recently acquired long range air-to-air MICA missile from Mirage-2000 Upgrade combat aircraft on a manoeuvring target. During the test, the missile achieved a direct hit on a target which was much smaller than an actual aircraft and flying at a low altitude. With this success IAF has become one of the few air forces in the world that have capability of launching such beyond visual range (BVR) air-to-air missile.

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