06 July 2016 Current Affairs
U.S. Sanctions Kim Jong Un For Human Rights Abuses
“The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) on 6 July designated top officials of the North Korean regime along with Kim Jong-Un and for their ties to North Korea’s notorious abuses of human rights. This is the first time that US has sanctioned North Korean leader over human rights abuses. The designated ones include ten other individuals, and five entities. They were sanctioned under the North Korea Sanctions and Policy Enhancement Act of 2016 on the basis of its findings in its report on Serious Human Rights Abuses or Censorship in North Korea.”
India Ranks 91 In Networked Readiness Index 2016
“India was placed at 91st position in the Networked Readiness Index (NRI) 2016 that was released by the Geneva-based World Economic Forum (WEF) on 6 July. The index was released as the part of the WEF’s Global Information Technology Report 2016. It measures countries’ success in creating the necessary conditions for a transition to a digitised economy and society. It finds seven countries are excelling when it comes to economically benefiting from investments in information and communications technologies. Finland, Switzerland, Sweden, Israel, Singapore, the Netherlands and the US are leading the world when it comes to generating economic impact from investments in information and technology. Singapore leads the Index followed by Finland, Sweden, Norway and the United States. India (91st) was ranked the lowest among the BRICS countries- Russia (41st), China (59th), South Africa (65th) and Brazil (72nd). “
China Inducts Largest Homegrown Y-20 military Transport Plane
“China on 6 July inducted its largest indigenously-built transport aircraft named as Y-20, marking a crucial step in its Air Force history for improving its strategic power projection capability. It is also considered as a breakthrough for Chinese defence sector especially in military aviation technology which will allow the world’s largest force to transport cargo and troops over long distances in diverse weather conditions.The indigenously designed and developed Y-20 officially joined the PLA Air Force in Chengdu. It is ideal for transporting cargo and personnel over long distances in diverse weather conditions. It has a maximum take-off weight of 200 tonnes. The plane is comparable to the Russian-made IL-76 and US made C-17. It is more advance than the IL-476.”
Shankar Acharya Committee To Examine Desirability and Feasibility of new Financial Year
The Union Finance Ministry has constituted a Committee headed by Dr.Shankar Acharya,former Chief Economic Advisor to examine desirability & feasibility of having a new financial year. The committee has been tasked to examine the merits and demerits of various dates for the commencement of the financial year including the existing date (April to March) by taking into account the various relevant factors.
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