Current Affairs news of 3rd July,2014

Defence sector opens up for FDI India has stepped up various measures to revive domestic manufacturing.One of them is opening up of defence production to FDI (Foreign Direct Investment). Raising the FDI cap to 49% from the present 26% could mean the entry of giants like EADS,Boeing,British Aerospace,Rolls Royce with investments running into billions of dollars.Saina Nehwal wins Australian Open Super Series title This seems to be a good time for the sports lovers in India. Jitu Rai grabbing the World No 1 spot in the men�s 10m air pistol category at the ISSF Rankings and now Saina Nehwal who is in the news again for a very good reson. Saina Nehwal played exceptionally well that helped her win the $750,000 Star Australian Super Series after beating Spain’s Carolina Marin in Sydney on Sunday. Finance minister to meet top officials of I-T and CBDT Finance minister Arun Jaitley will hold a meeting with the officials of Income Tax dept and CBDT(Central Board of Direct Taxes) later this month. The meeting is held every year to discuss on a variety of policy,administrative,and operational issues facing the tax dept which is mandated to collect taxes under various heads of Income tax,Corporate tax,wealth tax and similar other duties.

Current Affairs News of 2nd July,2014

Disappointed by Govt�s move : CJI Chief Justice of India R M Lodha expressed his anger over the government�s move to hold back the name of Gopal Subramanium for the top post of Supreme court�s judge. He was also disappointed with Gopal Subramanium for being so impatient in withdrawing his name for the top post. The shooting star : Jitu Rai Very few are those whose profession and passion are same and when this happens ,success and happiness go hand in hand. Jitu Rai a 27-Yr old Army marksman was on cloud nine when he grabbed the World No 1 spot in the men�s 10 m air pistol category at the ISSF Rankings on Tuesday.

Current Affairs News of 1st July, 2014

Fabius keen on closing the deal French Foreign minister Laurent Fabius who is on a short visit to India is expecting progress on the $12-billion dea l to sell fighter jets to India pushed the early purchase of Rafale combat aircraft during his meeting with Defence Minister Arun Jaitley and his counterpart Sushma Swaraj. Develop SAARC satellites for neighbours : Modi After assuming office as India�s PM,Narendra Modi is doing every thing possible to foster friendly relations with India�s neighbours. His first foreign trip as India�s PM to Bhutan and now urging the scientists of our country at the recent copy book launch of PSLV to develop SAARC satellite that can be dedicated to our neighbours as a gift from India are some of the evidences supporting the above said statement.