Indian Current Affairs - July 23

US wants changes in Indian Liability Bill to protect US Nuclear supplying companies.
  • Secretary of State Hillary Clinton urged India to fully conform with international Convention on Supplementary Compensation (CSC) for Nuclear Damage.
  • To fully conform with CSC we need amendments in Indian Nuclear Liability Bill,2010
GoM nod for Rs. 1,200 crore to Air India
  • Group of Ministers approved in principle  an additional equity infusion of Rs. 1,200 crore to debt ridden Air India Air India is struggling with adebt burden of around Rs. 67,000 crore.
  • It is the oldest and the largest airline of India and part of the Indian government-owned Air India Limited (AIL).
  • Air India was founded by J. R. D. Tata in July 1932 as Tata Airlines, a division of Tata Sons Ltd.
  • After the end of World War II, regular commercial service was restored in India and Tata Airlines became a public limited company on 29 July 1946 under the name Air India. In 1948, after the independence of India, 49% of the airline was acquired by the Government of India, with an option to purchase an additional 2%.
  • On 25 August 1953, the Government of India exercised its option to purchase a majority stake in the carrier and Air India International Limited was born as one of the fruits of the Air Corporations Act that nationalised the air transportation industry.
  • company slogan - Your Palace in the Sky
Bangladesh's highest honour for Indira Gandhi
  • Bangladesh will confer the ‘Swadhinata Sammanona,' the highest state honour, to the late Indian Prime Minister Indira Gandhi, in recognition of her outstanding contribution to the country's war of liberation in 1971.
  • The Bangladesh Liberation War was an armed conflict in which East Pakistan (now Bangladesh) and India fought against West Pakistan (Pakistan).
  • India provided economic, military and diplomatic support to the Libaration Army, leading Pakistan to launch Operation Chengiz Khan, a pre-emptive attack on the western border of India which started the Indo-Pakistani War of 1971.
Census in Indian and Bangladesh enclaves ends 
  • The first-ever joint census exercise by India and Bangladesh since Independence in 162 enclaves spread over six districts – two in India and four in Bangladesh – located along the international border came to an end successfully.
  • Enclaves are tracts of land or territories enclosed within another territory of which they are independent. India has 111 such enclaves while Bangladesh has 51.
  • The exercise was conducted by the Joint Boundary Working Group – comprising officials from both India and Bangladesh.
India-U.S. focus on maritime security
  • India and the United States welcomed the progress in bilateral defence cooperation, mainly in maritime security.
  • This sector stands codified in the 2006 Indo-U.S. Framework for Maritime Security Cooperation and since then both countries have cooperated towards addressing Somalia-based piracy, disaster relief, illicit trafficking in weapons of mass destruction and enhancing maritime domain awareness.
  • Over the last decade India had procured defence equipment worth $8 billion (approx Rs. 37500 crore) from US
  • Earlier this year, the United States had removed four Indian organizations, including the Defence Research Development Organization, from the list of entities to which sale of high technology items was not permitted.