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Thursday 1 January 2015

Daily Gk Update For January 1, 2015


India and Pakistan exchange list of nuclear facilities


India and Pakistan on 1st January 2015 have exchanged the list of their nuclear installations and facilities under the agreement on Prohibition of Attack against Nuclear installations between India and Pakistan.

The exchange of list was done through diplomatic channels simultaneously at New Delhi and Islamabad.
It is the 24th consecutive exchange of such list between the two neighbouring countries which bars them from attacking each other’s atomic facilities.
Agreement on the Prohibition of Attack against Nuclear installations between India and Pakistan
This bilateral agreement bars both nations from carrying out any surprise attack (or to assist foreign power to attack) on each other’s nuclear installations and facilities.
It  was signed on 31st December 1988 and entered into force on 27 January 1991. It was signed by then Indian Prime Minister Rajiv Gandhi and his Pakistani counterpart Benazir Bhutto.
Both countries inform each other about their nuclear installations and facilities that need to be covered under the Agreement on 1 January every year.

Union Government renames Planning Commission as ‘Neeti Ayog’


Union government has renamed Planning commission as Niti Aayog. Government’s decision comes after the Prime Minister Narendra Modi’s 2014 Independence Day announcement that the Planning Commission would be replaced with a new-age institution.
The renaming of the Planning Commission is being seen as the first step towards replacing it with a new-age institution.
Neeti Ayog by replacing planning commission will have new structure consisting of Prime Minister, few Cabinet ministers and chief ministers of states along with technocrats and experts from various fields.
Earlier, Prime Minister Narendra Modi on 7th December 2014 had held consultation meeting with Chief Ministers of states, where most CM’s had favoured restructuring of the Socialist-era planning body. However, some Congress Chief Ministers opposed disbanding of the existing set-up.

Tropical storm Jangmi hits Philippines


Tropical storm Jangmi has hit Surigao del Sur province on northern Mindanao in Philippines. This tropical storm is locally is known as Seniang.
This storm had approached the land with gusts wind of 100 kph resulting heavy rain. This heavy rain has triggered flash floods and landslides in the country.
Jangmi storm has also affected several parts of neighbouring countries of Philippines like Malaysia and  Thailand.
In 2014, in total 30 storms had occurred in the Northwest Pacific, 16 of them have affected the Philippines. Among 16 storms, 6 were strong enough to be classified as typhoons. Earlier in December 2014, Super Typhoon Hagupit had lashed central parts of Philippines with winds of 215 kph.

Non-subsidised LPG rate cut by Rs. 43.50

Price of non-subsidised cooking gas (LPG) was on Thursday cut by Rs. 43.50 per cylinder as international oil rates slumped to their lowest since May 2009.
A 14.2-kg cylinder of non-subsidised LPG will now cost Rs. 708.50, down from Rs. 752 previously, in Delhi, oil companies announced on Thursday.
This is the fifth straight reduction in rates of non-subsidised or market-priced LPG, which the customers buy after exhausting their quota of 12 cylinders at subsidised rates, since August.
A subsidised LPG refill currently costs Rs. 417 in Delhi.
Price of non-subsidised LPG were last cut on December 1 by a steep Rs. 113.
In six monthly reductions, non-domestic LPG rates have been slashed by Rs. 214 per cylinder, bringing the price to a three-year low.
Price of subsidised LPG has not been changed.
Brent crude, a pricing benchmark for more than half of the world’s oil, sank 48 per cent in 2014 as US producers and the Organization of Petroleum Exporting Countries (OPEC) ceded no ground in their battle for market share amid a supply glut.
Brent fell to $57.33 a barrel, the lowest since May 2009.

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