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Taiwan rejects Chinese merger plan
Chinese President, Xi Jinping, had called for Taiwan’s merger with mainland China and formation of a ‘one country, two systems’ government. The Taiwanese Government’s Mainland Affairs Council has, however, rejected the plan. Taiwan was a part of China till the ..
Month: Current Affairs - September, 2014
Category: International / World Current Affairs
China hiked military budget by 12.2% for 2014
The People’s Republic of China announced to raise its military budget for 2014 by 12.2% to $132 billion. The hike in defense spending would seek to develop more high-tech weapons and to beef up coastal and air defenses. It would ..
Month: Current Affairs - March, 2014
Category: International / World Current Affairs
China and Taiwan hold first high-level meeting since 1949
The Representatives of Taiwan and China hold their first high-level meeting since they split 65 years ago, after a brutal China’s civil war. The official talks held between Taiwan’s Mainland Affairs Minister Mr. Wang Yu-chi and China’s Vice Foreign Minister ..
Month: Current Affairs - February, 2014
Category: International / World Current Affairs
Survey by Trend Micro: Bitcoin malware, India among top targets
As per a survey conducted by the IT security firm Trend Micro, Bitcoin mining malware is infecting millions of computers globally and extending the threat of cyber security risks for users of the cyber currency. Thousands of computers, including in ..
Month: Current Affairs - January, 2014
Category: Science & Technology Current Affairs
India among countries exempted from Iranian oil sanctions by the US
As stated by the U.S. Secretary of State John Kerry, India is once again among a small list of countries that qualifies for an exemption from unilateral sanctions imposed by the US on countries importing oil from Iran. Under Section ..
Month: Current Affairs - December, 2013
Category: International / World Current Affairs
No proposal to increase FDI ceiling in banks
The government has clarified that there is no proposal to raise foreign investment limit in the banking sector. What is the current status of foreign investment in banking sector? Currently, the aggregate foreign investment (FDI, FII and NRI) cannot be ..