CURRENT AFFAIRS SEP/05/2015

CURRENT AFFAIRS SEP/05/2015

1.Central Government accepted One Rank- One Pension (OROP) Scheme

• The Central Government on 5 September announced the acceptance of 40 year old demand of ‘One Rank One Pension’ (OROP) scheme for the retired military personnels. 
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• The scheme will be effective from July 1, 2014. New pensions will be fixed with 2013 as the base year. 
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• The scheme expected to benefit three million pensioners retiring i n the same rank with the same length of the service, regardless of the date of retirement. 
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• The Governement will engage a one member committee on this issue.

2.The third G20 Finance Ministers and Central Bank Governors Meeting held in Ankara

• G 20 Finance Ministers and Central Bank Governors third meeting was held in Turkish Presidency Ankara on 4-5 September , 2015. 
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• The meeting was attended by Finance Ministers and Central Bank Governors of the G20 members, invited countries and the heads and senior representatives of the international organizations. 
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• The theme of the meeting is to submit Finance Track deliverables to G20 leaders at the Antalya Summit and discuss actions required to achieve G20 ‘s ambitions of this year. 
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• G20 ministers and Governors exchanged views on the recent global economic developments, challenges and collective measures to address them. 
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• The agreed communique of the meeting was released at the end of the meeting.