Current Affairs of 5 September 2015

1. Govt announces ‘One Rank One Pension’ 
Government today announced acceptance of the long-pending demand for ‘One Rank One Pension’ but the ex-servicemen, who have been on agitation, rejected the key details of the decision and said their 84-day long stir will continue.
The base year would be calender year 2013 for calculation of the OROP and it will be implemented from July 2014, Parrikar said, while making it clear that ex-servicemen who have taken voluntary retirement would not be eligible for the scheme.
The government is also setting up a one-member judicial committee to work out the details of implementation of the OROP which will file a report in six months

2. Jhumpa Lahiri selected for 2014 National Humanities Medal
Indian-American Pulitzer Prize winner Jhumpa Lahiri has been selected for the prestigious 2014 National Humanities Medal of White House. She has been selected for this award for enlarging the human story and will be presented with it by US President Barack Obama. The award also recognizes her fictional works which have illuminated the Indian-American experience in beautifully wrought narratives of estrangement and belonging.

3. G20, OECD announce new corporate governance code
To safeguard minority shareholders’ interests and promote capital market as a key platform to raise funds, G20 and OECD announced new corporate governance principles for listed companies and regulators in all member countries, including India.
Consequently, regulators and policymakers across the world, which include SEBI in India, will update their regulations for the listed firms in line with the new code.
The new global principles, released here on the sidelines of the G20 Meeting of Finance Ministers and Central Bankers being attended by Finance Minister Arun Jaitley and RBI chief Raghuram Rajan, call for protecting shareholders’ rights and keeping CEO salaries reasonable, while making adequate disclosures for the benefit of investors.

4. China, Tajikistan agree to $500-mn currency swap deal
China and Tajikistan have agreed to 3.2 billion yuan ($500 million) currency swap deal, Chinese state media reported on Saturday, citing the Central Asian country’s central bank.
The swap aims to support the balance international payments, the exchange rate of Tajikistan’s currency, and the development of the energy, agrarian and mining sectors, Xinhua cited the National Bank of Tajikistan as saying. ($1 = 6.3549 Chinese yuan renminbi)

5. Government to Develop Bodhgaya as Spiritual Capital: PM Modi
Describing Bodhgaya as the "land of enlightenment," Prime Minister Narendra Modi today said his government would develop the site as the spiritual capital for it to serve as a civilisational bond between India and the Buddhist world.
"I recognise how Buddhists all over the world revere Bodhgaya as a place of pilgrimage. We in India would like to develop Bodhgaya so that it can become the spiritual capital and civilisational bond between India and the Buddhist world.
"The government of India would like to provide all possible support that its Buddhist cousin nations need for the satisfaction of their spiritual needs from this holiest of holy places for them," he said after visiting Mahabodhi Temple.
Describing Buddha as a "crown jewel" of India, which accepts all ways of worship, he said he revered Buddha as a reformer of not only Hinduism but also the world, who gave a new world view and vision which is critical for survival of all.
"This quality of Hinduism in India was a product of many great spiritual masters and chief among them was Buddha. And this is what sustains the secular character of India," he said, adding that the enlightenment which Buddha attained in Bodhgaya also lit the light of enlightenment in Hinduism.
He said he as Prime Minister felt good to visit the holy place after Jawaharlal Nehru and Atal Bihari Vajpayee, noting that it was special to be here on Janmashtami, the birthday of Lord Krishna.

6. Chandela wins silver in ISSF World Cup Finals
Young Indian shooter Apurvi Chandela impressed again as she clinched the silver medal in women’s 10m air rifle event of the ISSF Rifle and Pistol World Cup Finals in Munich .
The 22-year-old Jaipur girl finished second on the podium after she tallied 206.9, just 0.6 behind Ahmadi Elaheh of Iran, who won the gold medal with a tally of 207.5.
Andrea Arsovic of Serbia bagged the bronze after prevailing in a shoot-off with Croatia’s Valentina Gustin.
In the finals, Chandela started on a rousing note as she fired two shots of 10.8 to lead after Series 1 of first competition stage. A total of 30.6 in the second series saw her drop a place.
The reigning Commonwealth Games gold medallist has already earned the country a quota place for next year’s Rio Olympics by claiming the 10m air rifle bronze at the ISSF World Cup (Rifle/Pistol) in Changwon, Korea, in April.
Shooters with 10 best scores in each event of the year’s four World Cups are entitled to compete in the finals.

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