Current Affairs February, 2016

Moving a step closer to fulfilling its promise of implementing the One Rank One Pension (OROP) scheme for military personnel, the government released detailed instructions and tables on its implementation. This is a follow-up to the notification on OROP on November 7 last year.

Principal Adviser (Cost) Mrs. Aruna Sethi has been appointed as head of Indian Cost Accounts Service (ICoAS). With this, she becomes first lady ICoAS officer to the topmost post.

Former Lok Sabha Speaker Balram Jakhar passed away in New Delhi. He was 92.

Major General Jai Shanker Menon of India has been appointed as the Head of Mission and Force Commander of the United Nations Disengagement Observer Force (UNDOF).

• Kerala wins 61st National School Athletics championship.
• Union Government sets up two committees to ensure consistency in tax policies.
• 12 nations sign historic Trans-Pacific Partnership (TPP) Agreement.

The Council for Scientific and Industrial Research (CSIR) has launched the country̢۪s first anti-diabetic ayurvedic drug named BGR-34 for type two Diabetes mellitus.

Maharashtra government has announced Bharatratna Dr. Babasaheb Ambedkar Special Collective Incentive Scheme for the economically backward Dalit entrepreneurs.

Kerala has won the 61st National School Athletics championship which concluded in Kozhikode. With this, Kerala (host) become champions in the event for the 19th consecutive time.

The Union Government has constituted two new committees namely Tax Policy Research Unit (TPRU) and Tax Policy Council (TPC) to streamline the taxation policy and administration.

Former IAS officer D J Pandian has been appointed vice-president and chief investment officer (CIO) of Beijing-based Asian Infrastructure Investment Bank (AIIB).

Hyderabad-based vaccines manufacturer Bharat Biotech has announced a breakthrough in developing the world̢۪s first Zika vaccine by developing two candidates.

All 12 Pacific Rim countries have signed Trans-Pacific Partnership (TPP) agreement in Auckland, New Zealand making it one of the biggest trade deals in history.