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Tripura assembly passes resolution against death penalty.

Tripura Assembly has passed a resolution to request the Union Government to amend Section 302 of the IPC to abolish capital punishment. The resolution is apparently fallout of recent hanging of Yakub Memon, prime accused in Mumbai serial blasts. Chief Minister Manik Sarkar rose to strongly oppose capital punishment terming it a murder of somebody for committing a murder. Leader of opposition Sudip Roy Burman quoted Mahatma Gandhi to raise his objection to death sentence. The adopted resolution would be sent to union government and the Law Commission for consideration. It requested for necessary amendment in IPC Section 302 for commuting death sentence.
About  Death Penalty In India
India retains capital punishment for a number of serious offences . The Supreme Court of India has allowed the death penalty to be carried out in five instances since 1995. official government statistics claim that only 52 people had been executed since independence. In December 2007, India voted against a United Nations General Assembly resolution calling for a moratorium on the death penalty. In November 2012, India again upheld its stance on capital punishment by voting against the UN General Assembly draft resolution seeking to ban death penalty.

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India imposed anti-dumping duty on Vitamin-C imports from China.

To safeguard the interest of domestic industries of India, government on 6 August extended anti-dumping duty on import of all forms and grades of Vitamin C from China for the period of five years. Earlier in 2009 government had imposed the anti-dumping duty which was later extended till June 2015 and now further extended to five more years with the duty of USD 3.74 for per kg of Vitamin-C import from China. This move was taken following the findings of Central Board of Excise and Customs (CBEC) which concluded that imports of Vitamin-C have caused injury to the domestic industry. As per the notification by Central Board of Excise and Customs (CBEC) anti-dumping duty is applicable to all grades and forms Vit-C which includes L-3-Ketothreohexuronic Acid Lactone substrates, 3-Oxo-L-gulofuranolactone, L-Xyloascorbic Acid, Ascorbic acid, etc.

What is Anti-Dumping Duty?
It is a trade duty imposed by any government on imported products which have prices less than their normal values in their domestic market. Usually countries initiate anti-dumping probes to check if domestic industry has been hurt because of a surge in below-cost imports. 
Anti-Dumping Duty is imposed under the multilateral WTO regime and varies from product to product and from country to country. In India, anti-dumping duty is recommended by the Union Ministry of Commerce (i.e. Directorate General of Anti-Dumping Duty-DGAD), while the Union Finance Ministry imposes it.

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August 7 - National Handloom Day

PM Mr Narendra Modi declares August 7 as National Handloom Day to mark Swadeshi movementTo commemorate the 1905 Swadeshi movement the Prime Minister Narendra Modi announced August 7 as ‘National Handloom Day’ at the function held in Chennai. At the event PM Modi also launched the ‘India Handloom’ brand to help weavers with brand for global markets. The day 7 August was selected to commemorate the 110 year old Swadeshi Movement, which promoted use of domestic products over British products. The motto behind observing National Handloom Day is to honour the handloom weavers and to carter an impetus to India’s handloom industry. Whereas launching of ‘India Handloom’ brand aims to promote handloom of India in the global markets as a genuine good quality international product.
About Handlooms 
Commissioner for Handlooms was set up as an attached non-participating office on 20th November, 1975 under the Ministry of Commerce. At present it is functioning under the Ministry of Textiles. The Office of the Development Commissioner for Handlooms is headed by an officer of Joint Secretary level having its headquarters at Udyog Bhawan, New Delhi

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Egypt launches Suez Canal expansion

Egypt has launched a major expansion of the Suez Canal. It was inaugurated by Egyptian President Abdel Fattah al-Sisi in a lavish ceremony held at port city of Ismailiya ( located on west bank of canal).

Suez Canal expansion project
The project was started in August 2014 for the expansion of the Ballah Bypass from 61 metres to 312 metres. The project was dubbed as the New Suez Canal. 
Expansion aims to increase the traffic handled by the canal in order to boost Egypt’s economy and global standing by turning the Suez Canal zone into a global logistics and trade center.
 Completed in one year span with an estimated cost of US 8 billion dollars.
 It comprises 72km of new channel and bypasses which has deepened the main waterway. 
It allows ships especially larger vessels to transit the canal in both directions simultaneously, thus increasing canal traffic and revenue. 
The expansion is expected to double the ship capacity of the Suez Canal from 49 to 97 ships a day by 2023.

About Suez Canal
 Suez Canal is an artificial sea-level waterway in Egypt.It links the Mediterranean with the Red Sea through Isthmus of Suez. It was first opened in 1869 after a decade of construction. Strategically and economically it is one of the most important waterways in the world providing the shortest sea link between Asia and Europe. 
Its opening had provided alternative route to sea voyage between Europe and India. It had reduced the sea voyage distance between these two regions by about 7,000 kilometres without navigating around Africa.The canal was nationalised by Egypt in 1956 after brief war against the UK, France and Israel.The canal has been a significant income source for Egypt since then.

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Ashok Prasad appointed as new Secretary in Home Ministry

Senior IPS officer Ashok Prasad has been appointed as Secretary of Home Ministry’s Internal Security division.Prasad is a Andhra Pradesh cadre IPS offocer of 1979 batch. He was appointed as Special Secretary (Internal Security) in Home Ministry on December 31, 2014. Prior to that, Prasad was posted as Special Director in Intelligence Bureau.
The Appointments Committee of the Cabinet has approved the proposal for re-designation of the post held by Prasad as Secretary (Internal Security).
The Internal Security division deals with police, law and order and rehabilitation besides analysing threats emerging from terror, Maoists and other anti-national groups

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RBI allows banks to merge, shift or close branches in urban areas.

Reserve Bank of India (RBI) has taken decision to allow banks to merge, shift or close branches in urban areas on their own discretion. In this regard, RBI has issued a notification that mention detailed provisions of above decisions. This move will give banks greater operational freedom but it won’t be valid for rural areas.
As per RBI notification 
Merger, shifting or closure of any rural branch as well as a sole semi urban branch will require prior approval of the District Level Review Committee (DLRC) or District Consultative Committee (DCC). 
Banks making changes should inform customers of its  branch time before actual merger, shifting or closure of the office. 
The banking activity, which include deposit or loan business should not be maintained at both places. In case of new location as part shifting should be located within 1 km of the existing location. 
The banks should ensure that they continue to fulfill the role entrusted to these branches under the Direct Benefit Transfer Schemes (DBTS) and other government sponsored programmes.
 It should be noted that the apex bank has allowed banks to shift their some branch in any centre due rent or space constraints without seeking prior approval of RBI.

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Colonel Harwant Singh (Retd), World War-II hero passed away

Retired Colonel Harwant Singh, a World War-II veteran and hero passed away in Patiala, Punjab. He was 95. He was commissioned in 2nd battalion of the Sikh Regiment of then British Army in September 1941. During the World War (WW)-II he had served in Palestine, North Africa, Iraq, Cyprus and Italy for the British Army. In 1944, he was awarded with the Military Cross (highest award of the British Army) for gallantry during an offensive against the German forces on the Gothic Line in Italy. During the first Independence Day celebration of 1947, he was officer in charge of the flag-hoisting ceremony held at Princess Park on August 15 and Red Fort on August 16. In October 1947, during the outbreak of hostilities with Pakistan in Srinagar, Jammu and Kashmir he was one of the leading company commanders on the field. For his role in these hostilities he was felicitated as one of the saviours of Srinagar. Later he took over command of 4 Sikh in the Kashmir valley and was transferred to the Rajputana Rifles in December 1951. He had commanded 6 Rajputana Rifles, 18 Rajputana Rifles and the Rajputana Regimental Centre.

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The 48th ASEAN foreign ministers' meet opened in Malaysia

The 48th ASEAN Foreign Ministers' Meeting opened here Tuesday, drawing foreign ministers and representatives from 10 Southeast Asian countries to focus on the establishment of the ASEAN Community by the end of this year.The ten-nation bloc is in its final spurt to realize the goal of establishing a single community by the end of 2015, which involves a plan to create a common economic, political-security and socio-cultural region.
"This will be a huge step towards making the ASEAN motto 'One Vision, One Identity, One Community' a reality," said Malaysian Prime Minister Najib Razak at the opening ceremony.
The ASEAN Community's Post-2015 Vision, the bloc's roadmap for the next ten years, is also expected to be adopted this year.
By establishing the ASEAN Community, the region is hoping to enhance its role as a global player and take a more active role in the international community, according to Najib.
He expressed belief that an increasingly integrated ASEAN is on course to be the world's fourth largest economy in 2050, and it is time for ASEAN to fulfill its potential.
"The unity between our nations has never been stronger," said Malaysian Foreign Minister Anifah Aman at the opening ceremony, who also showed great optimism.
A series of related meetings will be held following the foreign ministers' meeting, in which ASEAN's dialogue partners, including China and the United States  will take part and exchange views on regional issues with the bloc

 ASEAN a brief knowledge.
The Association of Southeast Asian Nations  is a political and economic organisation of ten Southeast Asian countries. It was formed on 8 August 1967 by Indonesia, Malaysia, the Philippines, Singapore, and Thailand  Since then, membership has expanded to include Brunei, Cambodia, Laos, Myanmar (Burma), and Vietnam. Its aims include accelerating economic growth, social progress, and sociocultural evolution among its members, protection of regional peace and stability, and opportunities for member countries to resolve differences peacefully.ASEAN covers a land area of 4.4 million square kilometres, 3% of the total land area of the Earth. ASEAN territorial waters cover an area about three times larger than its land counterpart. The member countries have a combined population of approximately 625 million people, 8.8% of the world's population. In 2015, the organisation's combined nominal GDP had grown to more than US$2.6 trillion. If ASEAN were a single entity, it would rank as the seventh largest economy in the world, behind the US, China, Japan, Germany, France and the United Kingdom.

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Zhanna Nemtsova awarded with Solidarity Prize 2015 of Poland

Russian journalist and social activist Zhanna Nemtsova was awarded with Poland’s Solidarity Prize 2015. She was bestowed with this award for championing (promotion and protection) democracy and human rights. Zhanna is the daughter of slain Russian statesman and liberal politician Boris Nemtsov who was assassinated by unknown assailants on February 27, 2014. Presently, she is working for Berlin based German broadcaster Deutsche Welle in the Russian department. Earlier she has worked with Russian business news channel RBK. She had left Russia in June 2014 after her father’s assassination.
About Solidarity Prize 
It is Polish award for promotion and protection of democracy and civil liberties.
 Established in 2014 by the Minister of Foreign Affairs of Poland. 
The prize is named after former Polish President and anti-communist icon leader Lech Walesa, who had launched trade union named Solidarity trade union.
 It was established to mark the 25th anniversary of Poland’s semi-free elections which were held in 1989.
 This election had signalled the end of communism across the Soviet bloc. Award carries monetary prize of US 1.1 million dollars.

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Senior Cong leader Chaudhary Jagjit Singh passed away

Senior Congress leader and former Punjab minister Chaudhary Jagjit Singh died of a heart attack this morning at a hospital here. He was 82.Congress leader Virendra Sharma told PTI that Jagjit Singh began to sweat and complained of chest pain around 5 am following which he was taken to a private hospital where he passed away.He is survived by his wife, two sons and two daughters.Jagjit, a prominent Dalit leader, became an MLA for the first time in 1980.
A five-time party MLA, he was Local Bodies minister in Captain Amarinder Singh's government between 2002 to 2007. He was also leader of the opposition in Punjab Assembly once.Jagjit's younger brother Santokh Singh Chaudhary is the Congress MP from Jalandhar

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