India offers buyer's credit of $ 100mn to Namibia for infra projects
1.India and Namibia today agreed for early conclusion of a preferential trade agreement between New Delhi and Southern African Customs Union (SACU), aimed at reducing tariffs on certain items traded between the two sides.
2.The SACU consists of Botswana, Lesotho, Namibia, South Africa, and Swaziland.
3.The matter was discussed between Commerce and Industry Minister Anand Sharma and Namibian counterpart Carl H G Schlettwein.
Sharma was on an official visit to Namibia.
1."The progress of India- SACU Preferential Trade Agreement (PTA) negotiations was discussed between the two ministers. Both sides agreed that there was need to come to an early conclusion.
3.This was necessary so that the India-SACU-MERCOSUR trilateral could be concluded," an official statement said.
4.Besides, India has offered to provide Buyer's Credit of $100 million to Namibia for taking up infrastructure projects.
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Aus keen to sign Comprehensive Economic Cooperation Agreement with India
1.MELBOURNE: Australia today said it was keen to sign the Comprehensive Economic Cooperation Agreement with India to bring trade and investment ties to the forefront.
2.Australian Trade Minister Andrew Robb said his country would push for the agreement after the general election in India.
3.The Australian government was "working on Comprehensive Economic Cooperation Agreement with India and Indonesia which would be pushed soon after polls are held in both the nations," Robb said at the Australia-India Roundtable, an informal dialogue between the two countries.
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Govt. committee set up to suggest steps to ensure security of NE people
1.New Delhi, Feb 6 (ANI): The government today set up a committee to suggest suitable remedial measures to address concerns regarding security of people from North East.
2.The six-member panel to be headed by M P Bezbaruah, a retired bureaucrat, will submit its report within two months after examining the causes behind the attacks, violence and discrimination against the people from the Northeast.
3.The decision comes in the wake of death of Nido Taniam, a student from Arunachal Pradeshn New Delhi last month.
4.Earlier in the day, Congress Vice President Rahul Gandhi met Home Minister Sushil Kumar Shinde and MPs from North East to discuss steps to prevent atrocities against people from the North East region.
5.Nido Taniam, a student from Arunachal Pradesh, had reportedly gone to Lajpat Nagar on January 29 in search of an address, and was allegedly mocked by someone at a shop for the style his hair.
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Sheila Dikshit under scanner for Commonwealth Games spend
1.The Arvind Kejriwal-led Delhi government on Thursday directed its Anti-Corruption Branch (ACB) to lodge an FIR in the ₹90-crore street light project implemented during the 2010 Commonwealth Games.
2.A panel headed by a former Comptroller and Auditor General (CAG) has already indicted then Delhi Chief Minister Sheila Dikshit on the issue.
3.After a Cabinet meeting, State Minister for Education, Land and Building, Manish Sisodia, said the ACB has been told to conduct a thorough probe into the scam as there were “strong findings” in it by the CAG and the Shunglu Committee.
4.“The ACB has been directed to conduct an independent and thorough investigation and take action.
5.“The ACB will file an FIR in the case. Our motive is not to target a particular person,” Sisodia said.
6.Later, asked if Dikshit has been named in the FIR, Aam Aadmi Party leader Sanjay Singh said as far as he knew both the Delhi Government and the Municipal Corporation of Delhi have been named.
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New Microsoft chief will get $4.8 million this year, $18 m in 2015
1.The winner takes it all. Satya Nadella, who has been appointed as CEO of Microsoft, will earn $4.8 million in the current financial year.
2.While Nadella gets an annual salary of $1.2 million, he will get three times ($3.6 million) more as a cash award. This will go up to $18 million next year as he becomes eligible for stock awards.
3.These numbers are small when the performance-linked stock awards that will come his way in the next few years are factored in. Nadella has been taken on the company’s board.
Formal offering
1.The company has made a formal offering to the incumbent CEO, giving a detailed break-up of the compensation.
2.In a filing to US market regulator Securities and Exchange Commission, the company said that Nadella would be eligible for an annual stock award worth $13.20 million under the company’s Executive Incentive Programme.
3.This, however, is not all. He will get much more if the company’s stock performs better. He will be granted long-term performance stock awards. These are based on complex math that factors in the performance of the stock at the completion of a five-year period (beginning 2019, 2020 and 2021.
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McCullum, Williamson's tons lead Kiwis to 329 on 1st day of 1st Test against India
1.New Zealand has finished on top during the opening day of the first Test against India at Auckland after posting 329 at the loss of four wickets at the close, boosted by centuries from captain Brendon McCullum and Kane Williamson.
2.Even as Zaheer Khan dismissed Williamson in the final session, the hosts finished on top with McCullum scoring an unbeaten 143 in the company of Corey Anderson.
3.Meanwhile, Ishant Sharma scored his 150th Test wicket in his 54th Test by removing Hamish Rutherford, and in the process becoming the 11th Indian to take 150 Test wickets.
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