07 July 2016 - Current Affairs

Rajasthan becomes first state to introduce minimum wages for part time workers

Rajasthan has become the first state in the country to introduce minimum wages for part time workers. In this regard, the Labour Department has issued a notification. With this, part time workers in the state now come under the Minimum Wages Act 1948.

China inducts largest homegrown Y-20 military transport plane 

China inducted its largest indigenously-built transport aircraft named as Y-20, marking a crucial step in its Air Force history for improving its strategic power projection capability. It is also considered as a breakthrough for Chinese defence sector especially in military aviation technology which will allow the world’s largest force to transport cargo and troops over long distances in diverse weather conditions.

Union Government unveils National Mineral Exploration Policy 

The Union Government has unveiled National Mineral Exploration Policy (NMEP), 2016 for adaptation of comprehensive exploration of non-fuel and non-coal mineral resources. It was unveiled by the Union Minister of Steel and Mines Narendra Singh Tomar at National conclave on mines and minerals at Raipur in Chhattisgarh.

Union Government constitute Shankar Acharya Committee to examine desirability and feasibility of new financial year 

The Union Finance Ministry has constituted four members committee to examine the feasibility and desirability of having a new financial year. The committee has been tasked to examine the merits and demerits of various dates for the commencement of the financial year including the existing date (April to March) by taking into account the various relevant factors.

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