Narendra Damodardas Modi was sworn-in as the 15th Prime Minister of India on 26 May 2014. Along with him, 45-member Council of Minister that includes 23 Minister with Cabinet rank, 10 Ministers of State with independent charges and 12 Ministers of State also took oath of their offices. This is first time that, 25% of the Cabinet post has been allocated to women.
Sachin Tendulkar on 27 May 2014 was selected as the goodwill ambassador of 35th National Games that is scheduled to be held in Kerala from January-February 2015.
India’s Mobile Seva Project started by Department of Electronics and Information Technology (DEIT) has won the 2014 United Nations Public Award in the category of promoting whole of government approaches in information Age. The project mainly develops and provides mobile apps for government and citizen use. Available on the government website, mgov.gov.in, some of the active 299 apps include those for passport services, election commission etc.
Singapore became the top source of FDI into India replacing Mauritius as per the FDI data for March 2014 of the Department of Industrial Policy and Promotion (DIPP). India attracted 5.98 billion US dollar FDI from Singapore against Mauritius 4.85 billion US dollar in India in 2013-14 making for about 25 percent of FDI inflows in 2013-14. The execution of Double Taxation Avoidance Agreement (DTAA) with Singapore with Limit-of-Benefit (LoB) clause has provided the comfort to foreign investors due to which the FDI inflows increased.
Indian Rupee (INR) appreciated to 11-month high to become the best performing currency in Asia-Pacific region against US dollar in 2014. In the past one month, the Indian Rupee has gained 5.3 percent in value vis-à-vis the US dollar. The main reason for the appreciation of rupees is due to increase of Capital inflows and formation of new government with the hopes of big-bang reforms to revive the economy.
In a historic achievement, Malavath Purna (13) became the youngest female mountaineer to scale the Mount Everest. Purna was accompanied by Sadhanapalli Anand Kumar (16), a Class IX student from the Khamman district of Andhra Pradesh.
The overseas subsidiary of the state-owned explorer ONGC-ONGC Videsh Ltd (OVL), has struck a deal with Russia’s largest oil and gas producer Rosneft to jointly explore hydrocarbons in the offshore Arctic. Rosenft is also considering supplying crude oil to Indian refineries.
A draft UN resolution proposing Syrian crisis to be referred to the International Criminal Court (ICC) has been vetoed by Russia and China. It is the fourth time Russia has blocked a UNSC resolution on Syria.
Gujarat’s famous archeological monument Rani ki Vav is among five international heritage sites to be recreated digitally using latest technology in Scotland, UK in order to help in conservation and management of these sites. The digital models will help conserve significant historical sites for the benefit of future generations and provide 3D digital models.
If you enjoyed this article please consider sharing it!