R.A.C.

E
Rapid Academy of Competitive Exams
[Unit of Seeman Education]

Current Affairs (04.07.2013) Antony leaves for China Defence Minister A.K. Antony on a four-day official visit to China, his first as Indias Defence Minister. Both countries are looking to the visit to push forward expanded engagement between the two militaries and to strengthen the mechanisms in place to minimise strains along the disputed border. Bharti raises stake to majority in Qualcomm India BWA entities Telecom major Bharti Airtel said it has acquired an additional 2 per cent stake in all the four Indian broadband wireless access (BWA) entities of Qualcomm, thereby making them its subsidiaries. Bharti Airtel has subscribed to an additional 2 per cent equity share capital in all the four India BWA entities of Qualcomm AP. With this, all four entities are now subsidiaries of Bharti Airtel, the company said in a statement. Bharti Airtel and Qualcomm had announced an agreement under which Bharti had acquired 49 per cent interest in Qualcomm APs India entities with licences to offer 4G data services in four circles of Delhi, Mumbai, Haryana and Kerala. Antony opposes proposal to hike FDI in defence to 49% Defence minister A K Antony has firmly opposed the move by a section in the government to hike FDI in defence sector from 26% to 49%. A committee, headed by economic affairs secretary Arvind Mayaram, had recently recommended increasing the limit to 49%. Food Security Ordinance Gets Nod The Cabinet cleared a proposal to promulgate an ordinance to pass the food security bill. This would ensure that 67% of the Indian population would get food grains at highly subsidised prices of . 3, . 2, . 1 per kg for rice, wheat and coarse grains, respectively. After the ordinance, the bill would have to be cleared by the Lok Sabha and the Rajya Sabha. Corresponding to the coverage of 75% rural and 50% of the urban population at an all India level, state-wise coverage will be determined by the central government. The poorest of the poor would continue to receive 35 kg foodgrains per household each month under the Antyodaya Anna Yajna at subsidised prices of .3, . 2 and .1.
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