Nepal and India on 5 March 2015 launched a direct bus service linking cultural cities Kathmandu and Varanasi.
Kathmandu-Varanasi-Kathmandu bus service was launched under the ambit of Motor Vehicle Agreement between India and Nepal signed during 18th SAARC Summit.
This is the second direct bus service between Nepal and India after the one linking Kathmandu and New Delhi.
Earlier in November 2014 during the 18th SAARC Summit Prime Minister Narendra Modi and Nepal’s Prime Minister Sushil Koirala had jointly launched the direct bus service between Kathmandu and the New Delhi.
Nepal and India are also planning to establish a direct bus service to link Kathmandu and Patna in future.
The Cabinet Committee on Economic Affairs (CCEA) has given its nod to extend the PDS Kerosene and Domestic LPG Subsidy Scheme, 2002 for a period of one year that is up to 31st March, 2015.
India and Spain have signed an agreement on Mutual Protection of Classified Information. This agreement provides the framework for enhanced cooperation in the defence sector between both countries.
Mutual Protection of Classified Information is a primary pact that a country agrees to before embarking on deeper talks on defence cooperation. The agreement was signed by visiting Spanish Defence Minister Pedro Moremes and his Indian counterpart Manohar Parrikar.
Spanish delegation has evinced a clean interest in participating in the Make-in-India initiative especially in the defence sector of Indian government. Spanish companies are interested to become part in India’s P75I project under six conventional submarines will be built.
Apart from this agreement, both countries also have agreed to work on enhancing bilateral defence cooperation.
Maharashtra government has scrapped 5 per cent job quota for Muslims in the state.
In this regard Devendra Fadnavis led BJP-Shiv Sena government has released a Government Resolution (GR). The GR also states that an ordinance to provide 5 per cent job quota had lapsed on December 2014. Thus, this GR nullifies the previous notification issued by the previous NCP-Congress government granting 5 per cent reservation to Muslims.
Anil Ambani-led Reliance Infrastructure has acquired Pipavav Defence and Offshore Engineering in an all-cash deal.
The acquisition will be done by Reliance Infrastructure, along with its wholly owned subsidiary Reliance Defence Systems Pvt Ltd.
Reliance Infra with this acquisition has joined a growing list of Indian companies entering the defence sector in a big way.
Pipavav Defence has an order book of Rs 12,000 crore and has technology tie-ups with global defence companies. Its global defence technology tie-ups include Sembcorp Marine of Singapore, Sweden’s SAAB, France’s DCNS, Singapore’s Sembcorp Marine and JSC Zvyozdochka and Rosoboron Export of Russia.
Pipavav Defence also has one of the world’s largest Greenfield infrastructure facilities in Gujarat spread across 841 acres, with 210 acres of fully developed water-front land and 250 acres developed for shipbuilding.
Sunil Sabharwal, an independent Indian-American investor has been re-nominated as Alternate Executive Director at International Monetary Fund (IMF).
He was re-nominated to key post at IMF by US President Barack Obama. In this regard, President Obama has forwarded his decision to re-nominate Sabharwal to the US Senate.
For first time he was nominated Alternate Executive Director at IMF in April 2014.
Union Minister Minister of State (MoS) for Consumer Affairs, Food and Public Distribution Raosaheb Dadarao Danve on 5 March 2015 resigned from the office.
He submitted his resignation to Prime Minister Narendra Modi who accepted it and forwarded it to President Pranab Mukherjee.
Raosaheb Danve resigned from the Union Council of Ministers following the Bharatiya Janta Party (BJPs) one-man, one-post principle after he was appointed President of Maharashtra in January 2015.
He took over as Maharashtra BJP president after Devendra Fadnavis became the Chief Minister state who had led the party to power in October 2014 Assembly elections.
Sri Lanka’s newly elected government on 5 March 2015 temporarily suspended constriction work of China’s ambitious port city project in Colombo with immediate effect.
The decision was taken in Cabinet meeting chaired by Sri Lanka’s Prime Minister Ranil Wickremasinghe based upon the Interim Report submitted by a cabinet sub-committee.
The committee was appointed by the Sri Lankan Government to review the project. The Interim Report had alleged that this mega real estate deal with China was signed
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