Current Affairs Current Affairs - 8 May 2015 - Vikalp Education

Online Vikalp, Current Affairs, Current Awareness, General Awareness, Aptitude Classes, Daily News, General Knowledge, General Awareness For All Competitive Exam, current affairs quiz,current affairs in india, current affairs about sports, current affairs and gk, current affairs about india, current affairs daily quiz, current affairs dairy, current affairs education, Top News, Breaking News, Latest News

Current Affairs - 8 May 2015

India home to 56 of the world’s powerful companies: Forbes



  • India is home to 56 of the world’s 2000 largest and most powerful public companies, according to the Forbes’s annual list which is topped by the US with its share of 579 companies.

    Mukesh Ambani-led Reliance Industries leads the pack of 56 Indian companies in the 2015 Forbes ‘Global 2000’ list.

    The list gives a snapshot of the world’s largest companies, and shows the dominance of the US and China in the current global business landscape.

    The two countries split the top 10 spots for a second year in a row.

    Forbes said that for the first time, China’s four biggest banks own the top four spots and the South Asian giant is home to 232 of the world’s largest companies, adding more spots than any other country in the world and surpassing Japan for the first time.

    With 218 companies, Japan slid to the third spot.

    India has added two companies to its last year’s tally.

    Reliance Industries is ranked 142 on the list, down from last year’s 135th spot, with a market value of 42.9 billion dollars and 71.7 billion dollars in sales.

    Reliance is followed by State Bank of India which is ranked 152 and has a 33 billion dollars market value.

    The other Indian companies on the list are Oil and Natural Gas ranked 183, Tata Motors (263), ICICI Bank (283), Indian Oil (349), HDFC Bank (376), NTPC (431), Tata Consultancy Services (485), Bharti Airtel (506), Axis Bank (558), Infosys (672), Bharat Petroleum (757), Wipro (811), Tata Steel (903) and Adani Enterprises (944).

    This year’s Global 2000 companies hail from 61 countries and account for combined revenues of USD 39 trillion, profits of USD 3 trillion, with assets worth USD 162 trillion, and a market value of USD 48 trillion.





Govt approves National Smart Grid Mission.

  • Government has approved National Smart Grid Mission (NSGM) for planning, monitoring and implementing policies related to smart (power) grid activities, Parliament was informed today.
    "Government has approved National Smart Grid Mission (NSGM) -- an institutional mechanism for planning, monitoring and implementation of policies and programs related to Smart Grid activities," Power Minister Piyush Goyal said in written reply to the Lok Sabha.

    According to the minister's reply, the total outlay for NSGM activities for 12th Plan is Rs 980 crore with a budgetary support of Rs 338 crore.

    NSGM entails implementation of a smart electrical grid based on state-of-the art technology in the fields of automation, communication and IT systems that can monitor and control power flows from points of generation to points of consumption, the minister added.

    NSGM has three tier structure. At the apex level, NSGM has a Governing Council headed by the Power Minister. The members of the Council are secretary level officers of concerned ministries and departments.

    The role of the council is to approve all policies and programme for smart grid implementation.

    At the second level, the NSGM has an Empowered Committee headed by the Secretary (Power). The members of the committee are Joint Secretary level officers of concerned ministries and departments.

    The role of the Committee is to provide policy input to the Governing Council and approve, monitor, review specific smart grid projects, guidelines/procedures etc.

Biggest tax reform: All you wanted to know
  • The passing of the Constitution Amendment Bill, 2014, in Lok Sabha will facilitate implementation of the goods and services tax. It will cut the cascading effect of several levies and allow industry to take benefit of taxes already paid thereby bringing down cost for consumers.
    The journey so far
    * In Budget 2007-08, the then finance minister P Chidambaram announced the implementation of GST from April 1, 2010.
    * The deadline is missed as no consensus could be achieved on the Constitution Amendment Bill.
    * Another deadline of April 1, 2012, is announced.
    * Opposition-ruled states refuse to budge from their demands of fiscal autonomy and the second deadline is missed too.
    * The BJP-ruled government in 2014 sets a new deadline of April 1, 2016.
    * Bill is introduced with some changes in December 2014.
    * Bill passed in the Lok Sabha on May 6, 2015,government has majority.
    Consuming vs Manufacturing States
    GST will be levied on buyers of goods and services, or where the service is consumed. This means big consuming states such as Uttar Pradesh, West Bengal and Kerala could get a high share of the taxes at the expense of manufacturing states such as Gujarat, Maharashtra or Tamil Nadu. To compensate for this, the bill provides for 1 percentage point extra tax on goods for at least two years. This extra revenue will go to the state from which the goods is deemed to have originated, or where it was originally manufactured.
    The road ahead
    *The bill has to be passed by two-thirds majority of the Rajya Sabha as well, where the government does not enjoy a majority.
    *Following the passage in the Upper House it has to be ratified by 50 per cent of states.
    *After ratification, the centre and states have to pass GST law, which will provide the framework for the new tax.
    *A GST council will be formed which will decide on issues including tax rates, exemption list and threshold limit among other things.
    *IT infrastructure has to be readied before April 1, 2016, for making the new regime operational.
    Contentious points
    Instead of the proposed one per cent additional levy for two years, manufacturing states want two per cent additional levy beyond two years.

Juvenile justice amendment bill passed
  • Lok Sabha today passed a bill that provides for trying juveniles aged between 16
    and 18 years for heinous crimes under laws for adults, with the government insisting that it had tried to strike a "fine balance" to ensure that no injustice was done to innocent children.

    The Juvenile Justice (Care and Protection of Children) Bill was passed after the government agreed to delete Clause7 which said that "any person, who is apprehended after completing the age of 21 years, for committing any serious or heinous offence when such person was between the age of 16 to 18 years, then he shall, subject to the provisions of this Act, be tried as an adult."

    At least 42 official amendments were moved by the government to the bill which were adopted, while all the amendments moved by opposition members like Shashi Tharoor (Congress) and N K Premchandran (RSP) were negated.

    Opposition members opposed the proposal to raise the age bar, expressing apprehensions about misuse and violation of rights of children by the new law which is being enacted against the backdrop of the involvement of a 16-year-old in the 2012 Nirbhaya gangrape case.

    However, Minister for Women and Child Develoment Maneka Gandhi said she has tried to be "pro-child" and made efforts to strike a "fine balance" between justice to victims and rights of children.

    Rejecting the allegation that she only loved animals and not children, Gandhi said the new law was intended to be a "deterrent" to ensure that juveniles refrain from crimes and avoid spoiling their lives.

    Justifying the need for the new law, she said according to National Crime Records Bureau (NCRB), around 28,000 juveniles had committed various crimes in 2013 and of them, 3887 had allegedly committed heinous crimes.

    She also cited a recent Supreme Court order wherein the Apex court had favoured a relook at the law in view of the growing number of juveniles involved in heinous crimes.

Par clears bill to repeal 36 redundant laws
  • Seeking to clear the statute books of antiquated laws, Parliament today cleared a bill to repeal 36 redundant Acts, including one which amends the marriage laws.

    The bill was cleared by the Lok Sabha in December last year and the Rajya Sabha earlier this month, but had to travel back to the lower house for certain technical amendments made by the upper house.

    The enacting formula of the bill had the year 2014 mentioned as the measure was moved last year. The amendment moved by Law Minister D V Sadananda Gowda changes the nomenclature of the bill as 'Repealing and Amending Bill, 2015' instead of 2014.

    The Bill will remove certain Amendment Acts and Principal Acts from the statute books as they have outlived their utility.

    This is the first time since 2001 that such an exercise is being undertaken by the Law Ministry in line with Prime Minister Narendra Modi's agenda to do away with archaic laws which were hindering efficient governance. Two other similar bills are pending in Parliament in different stages.

    Through this bill, government also corrected a 'patent error' committed by the Law Ministry during the passage of the Whistleblowers Bill. While the Bill became an Act in May last year, it is called the 'Whistleblowers Protection Act, 2011' instead of '2014'.

    The Amendment Acts which are sought to be repealed through this bill include amendments to the Representation of the People Act, Marriage Act, Election Laws, Divorce Laws and Anand Marriage Act and the Evidence Act.

    Two of the stand alone Acts which will also be repealed through the bill are Foreign Jurisdiction Act, 1947, and Sugar Undertaking (Taking Over of Management) Act.

    "The Bill is one of those periodical measures by which enactments which have ceased to be in force or have become obsolete or the retention whereof as separate Act is unnecessary are repealed or by which the formal defects detected in enactments are corrected," said the Statement of Objects and Reasons of the bill.

    Between 1950 and 2001, over 100 Acts have been repealed. At one time, 100 such Acts were repealed in one go.

Saturn's sixth moon may be harbouring life
  • WASHINGTON: Researchers have found a geochemical process on Saturn's sixth largest moon that suggests life could exist on it, or could have previously existed.

    The team, including Christopher Glein from the Carnegie Mellon University, has revealed the pH of water spewing from a geyser-like plume on Saturn's moon Enceladus.

    The pH tells us how acidic or basic the water is.

    Enceladus is geologically active and thought to have a liquid water ocean beneath its icy surface.

    "Knowledge of the pH improves our understanding of geochemical processes in Enceladus' 'soda ocean,'" Glein explained.

    The hidden ocean is the presumed source of the plume of water vapour and ice that the Cassini spacecraft has observed venting from the moon's south polar region.

    Whenever there's the possibility of liquid water on another planetary body, scientists begin to ask whether or not it could support life.

    The present team, including lead author Glein and John Baross of the University of Washington, developed a new chemical model based on mass spectrometry data of ice grains and gases in Enceladus' plume gathered by Cassini, in order to determine the pH of Enceladus' ocean.

    The team's model shows that the plume, and by inference the ocean, is salty with an alkaline pH of about 11 or 12, which is similar to that of glass-cleaning solutions of ammonia.

    It contains the same sodium chloride salt as our oceans here on the Earth.

    Its additional substantial sodium carbonate makes the ocean more similar to our planet's soda lakes such as Mono Lake in California or Lake Magadi in Kenya.

    The scientists refer to it as a "soda ocean."

Environment Stewardship Programme of NPCIL
  • A Passionate Programme: In Admiration of Nature

    The areas around the Indian nuclear power plants shelter a plethora of wildlife. As a responsible corporate citizen NPCIL took decisive steps for the stewardship of this serene nature.

    In 2006, it set off a special initiative called Environment Stewardship Programme or ESP with its nature-loving employees as members. Nature clubs were established and programmes like bird monitoring and habitat management were kicked off. The members have been helping conserve the ecosystem. During work time, they are busy generating electricity inside the nuclear power plant, while many of their dawns and evenings are spent observing the behaviour of wildlife and habitats around their workplace.

    ESP follows a three-fold approach to make things happen professionally: One, association with premier nature conservation institutions for technical know-how; two, imparting training to its members to keep them up to date on nature watch and conservation; and three, sensitising the members of public to the importance of environment.

    The Exclusion Zones: Where Nature Abounds

    The Indian nuclear power plant sites are the places where modern science share space with the pristine nature. At each of these seven sites, there are two major parts which are separated by thin walls. Inside the boundary stands majestically the nuclear power plant, where atoms are split for electricity, and in its widespread fringe nature abounds.

    There are rationales behind how these two phenomena go in concert. Only a fraction of this about-a-mile-radius area, called exclusion zone, is used for roads and plant buildings while the rest remains undisturbed. Secondly, it also has ample water resources, features a range of habitats, and holds a bounteous plant life. Thirdly, there is almost no human influence on the environment here, as no one dwells in this Central Industrial Security Force guarded place.

Current Affairs


  • 1.Match the following:
    Oceanic DepositDescription
    1.Blue MudA.Disintegration of rocks rich in Iron sulphide found in mediterrean sea.
    2.Red MudB.Found in yellow sea, Brazilian Coast.
    3.Green MudC.Silicates of potassium and Glauconite
    Code:
    123
    (a)ABC
    (b)BAC
    (c)CAB

    2.Consider the following statements:
    1.During Neap Tide Moon, Earth and Sun are at right angles.
    2.During Spring Tide Moon, Earth & sun are in the same straight line.
    Which of the following is correct:
    (a)Both 1 and 2(b)None
    (c)Only 1(d)Only 2


    3.Match the following:
    Drainage PatternDescription
    1.TrellisA.Tributaries meet the main stream at right angle.
    2.RectangularB.Main stream bonds at right angles and tributaries joint at right angles.
    3.RadialC.Tributaries from summit follow the slope down wards and drain downin all direction.
    4.CentripetalD.In a low lying basin the stream converge from all sides.
    Code:
    1234
    (a)ABCD
    (b)BADC
    (c)ADCB
    (d)BCDA

    4.In context of Earthquake, which of the following is an incorrect term:
    (a)Hypocentre
    (b)Epicentre
    (c)Anticentre
    (d)Supercentre

    5.Match the following:
    1.AluvineA.Calcium, Aluminium, Magnesium, Iron Silice
    2.PyroxeneB.Aluminium Silicate
    3.CorundumC.Magnesium Iron, Silice
    4.KaoliniteD.Aluminium Oxide
    Code:
    1234
    (a)ABCD
    (b)BADC
    (c)ADCB
    (d)BCDA
    Answers
    1.(a)
    2.(a)
    3.(a)
    4.(d)
    5.(a)






No comments:

Featured post

Current Affairs - 16 December 2018

General Affairs   Cyclone Phethai Gathers Over Bay Of Bengal, May Hit Andhra On Monday ...

Copyright © 2016. Vikalp Education
loading...