Finance/Business/Economy News
1. BHEL bagged 16.96
million euro contract in Turkey for a thermal power project
million euro contract in Turkey for a thermal power project
- Bharat Heavy Electricals (BHEL) on 22 December 2014
bagged a 16.96 million Euro (approximately 130.8 crore rupees) contract for a
thermal power project in Turkey. This is BHEL’s maiden entry in the Turkish
Power Market. - The contract was placed by Electricity Generation Company
(EUAS) which is the largest electric power company in Turkey and it aims at
reducing the emission levels drastically.
Details of the
Contract
Contract
- BHEL needs to rehabilitate 3 units of Electrostatic
Precipitators (ESPs) for the 430 MW Tuncbilek Thermal Power Project in Turkey
on EPC (Engineering, Procurement & Construction) basis. - It envisages dismantling, supply, civil works and
erection & commissioning of the Electrostatic Precipitators - The Electrostatic Precipitators will be manufactured and
supplied by BHEL’s Ranipet unit, Motors and other auxiliaries by its Bhopal
facility and Controls by the BHEL’s Bangalore unit.
About EUAS
- EUAS owned by the Turkish government generates and
supplies electricity throughout the country. It was founded to generate
electricity in compliance with the energy and economic policies of the state
and in accordance with the principles of efficiency and profitability.
2. Jyotsna Suri
elected as the President of the FICCI
elected as the President of the FICCI
- Jyotsna Suri, Chairperson of Bharat Hotels, on 20
December 2014 was elected as the President of the Federation of Indian Chambers
of Commerce & Industry (FICCI). - She was elected as the President at the conclusion of the
FICCI 87th annual general meeting. - She succeeded Sidharth Birla, Chairman of Xpro India
Limited and Digjam Limited. - Also, Ambuja Neotia group Chairman Harshavardhan Neotia
was elected Senior Vice President and Zydus Cadila Chairman Pankaj R. Patel as
Vice President.
About Jyotsana Suri
- Jyotsana Suri has been the Chairperson of the FICCI
tourism committee since last five years and is the only Indian member on the
International Executive Committee of the World Travel and Tourism Council
(WTTC). - Under her direction, FICCI introduced The Great India
Travel Bazaar in the year 2008 and The Great Domestic Tourism Bazaar in the
year 2011.
She has won many
awards and accolades. Few among them includes
awards and accolades. Few among them includes
- Honorary Degree of Doctor of Laws from the Warwick
University, the UK - World Travel Market Global Award (2011)
- Asia’s Leading Woman in Hospitality Award at the Women in
Leadership (WIL) Asia Awards 2012
About FICCI
- The Federation of Indian Chambers of Commerce and
Industry (FICCI) is an association of business organizations in India. The
organisation was established in 1927, on the advice of Mahatma Gandhi by GD
Birla and Purushottam Das Thakurdas. - It is the largest, oldest and the apex business
organisation in India
3. Maharashtra
government made e-tendering mandatory for projects over 3 lakh rupees
government made e-tendering mandatory for projects over 3 lakh rupees
- State Government of Maharashtra on 18 December 2014
decided to make e-tendering compulsory for projects over 3 lakh rupees. The
step was taken to bring transparency and curb irregularities in the state
administration. - It will become compulsory from 1 April 2015. Till then,
people have the choice of using the e-tendering facility or not. - However, for bids over 10 lakh rupees e-tendering has
been made compulsory with immediate effect. - These norms will be applicable to all the departments of
the state government, urban and rural local self-government bodies like gram
panchayats and zilla parishads and corporations.
E-tendering in
Maharashtra
Maharashtra
- The e-tendering process has been in Maharashtra since
2010. The state government started the process after receiving flak for
corruption in the manual tendering process. But earlier, the process was
applicable only for schemes and projects of 50 lakh rupees and above. Later, in
2013, the amount was brought down to 10 lakh rupees.
News Related to India and Indian Polity
4. Union Government
released Calendar for the year 2015 with theme Clean India Green India
released Calendar for the year 2015 with theme Clean India Green India
- Union Government released Calendar for the year 2015 with
the theme Clean India Green India. The Union Minister of Information and
Broadcasting Minister Arun Jaitley launched the calendar and its mobile app on
17 December 2014. - The calendar highlights the societal work of the union
government through the visuals of Swachch Bharat or Clean India Programme with
picture of Prime Minister Narendra Modi wielding the broom on the first page of
the calendar. - The calendar also contributes to the union government’s Digital
India programme with its mobile calendar app. - The mobile app will display all gazetted and restricted
holidays and also date-wise events. It will also provide information on Press
Information Bureau events and releases, the latest five tweets by the Prime
Minister’s Office, All India Radio news, Doordarshan news, a list of government
websites and link to the ministry on YouTube. - At present, the mobile app being developed for Android
platforms and in future the app will be available on other mobile platforms.
5. Losar, the New Year
festival of Ladakh region, began
festival of Ladakh region, began
- Losar, the Buddhists festival of Ladakh region of Jammu
and Kashmir, started on 22 December 2014. The festival marks the beginning of
New Year in Ladakh. - The festival is celebrated by people of the area with
traditional and religion fervor. The festival begins with illumination of religious
and residential places. - Buddhists of Ladakh celebrate Losar as their new year.
Before the rule of Jamiang Namgyal (1955 to 1610) this day was celebrated on
the first day of Ladakhi Buddhist Year which is based in the moon and sun
(quite similar to Hindus). However, the day was advanced by two days after
Jamiang Namgyal decided to invade Skardu before the New Year. - Since then, Losar is celebrated on the last two days of
the 10th Bodhi month that coincides with December of Christian calendar. - During this, people of Ladakh specially remember
ancestors of their family. On this day, people visit graveyards of their family
members and pray for peace of the departed soul. Apart from this, people also
visit each other houses for exchange of Losar greetings.
6. India observed
National Mathematics Day to commemorate birth anniversary of Srinivasa
Ramanujan
National Mathematics Day to commemorate birth anniversary of Srinivasa
Ramanujan
- India on 22 December 2014 celebrated National Mathematics
Day. The day is observed to commemorate the birth anniversary of great Indian
Mathematician Srinivasa Ramanujan. - The declaration to observe 22 December as National
Mathematics Day was made by former Prime Minister Dr. Manmohan Singh on 26
February 2012 at Madras University on the occasion of 125th birth anniversary
of Ramanujan. - It was also declared to observe year 2012 as the National
Mathematics Year.
About Srinivasa
Ramanujan
Ramanujan
- Srinivasa Ramanujan was born on 22 December 1887 in Erode
district of Tamil Nadu. - He died on 26 April 1920
- Ramanujan did wonders in number theory, infinite series,
mathematical analysis, and making formulas and equations. - He compiled more than 3900 mathematical results and
equations, and his discoveries namely Ramanujam Prime and Ramanujam theta
inspired further research on the subject. - He along with a British Mathematician Godfrey Harold
Hardy discovered the smallest number represented as sum of two cubes 1729 which
came to be known as Hardy-Ramanujan number. - Ramanujan was said to be a natural genius, in the same
league as mathematicians such as Euler and Gauss.
7. Rajinder Khanna to
be New Chief of RAW
be New Chief of RAW
- Special Secretary in Research and Analysis Wing or RAW, the
country’s external intelligence gathering agency, Rajinder Khanna was on Saturday
appointed as its new chief. - The Appointments Committee of Cabinet headed by Prime
Minister Narendra Modi cleared Mr Khanna, a 1978 batch RAS cadre, for the post
of RAW chief for a period of two years from December 31 after incumbent Alok
Joshi retires. - Mr Khanna’s batchmate Arvind Saxena been appointed as
head of Aviation Research Centre. - Considered as the father of counter-terrorism unit in the
RAW, Mr Khanna has been in the forefront of seeking cooperation from intelligence
agencies around the globe. - During his long stint in RAW, Mr Khanna has served in
Northeast as well as abroad.
8. Prakash Mishra to
Head CRPF
Head CRPF
- Special Secretary (Internal Security) in Union Home
Ministry Prakash Mishra was appointed as head of the Central Reserve Police
Force or CRPF, the world’s largest paramilitary force with over three lakh
personnel. - Mr Mishra, a 1977-batch IPS officer from Odisha cadre,
was made chief of CRPF, a post lying vacant since Dilip Trivedi retired on
November 30. - CRPF is the mainstay for anti-Naxal operations and Mr
Mishra has himself spearheaded such operations when he was the Director General
of Police in Odisha.
International News
9. EXACTO: The bullet
that can change direction mid-air
that can change direction mid-air
- Extreme Accuracy Tasked Ordnance (EXACTO) is a 0.50
caliber round bullet that can change direction mid-air to reach its target. - It was in news recently as it was revealed recently that
Defense Advanced Research Projects Agency (DARPA) of the US Department of
Defense concluded the Phase-II of the technology development. - The phase-II involved testing of design, integration and
demonstration of aero-actuation controls, power sources, optical guidance
systems, and sensors.
Aim and Objective of
EXACTO
EXACTO
- It seeks to improve sniper effectiveness and enhance US
military troop safety by allowing greater shooter standoff range and reduction
in target engagement timelines. - To revolutionize rifle accuracy and range by developing
the first ever guided small-caliber bullet.
How it Works?
- The EXACTO technology uses a combination of manoeuvrable
bullet and a real-time guidance system to track and deliver the projectile to
the target. This allows the bullet to change path mid-air to compensate for any
unexpected factors that may drive it off course. - The bullet uses optical sighting technology to greatly
extend the day and nighttime range over current state-of-the-art sniper
systems. - The next phase of the program includes a system-level
live-fire test and technology refinement to enhance and improve performance.
10. NASA plans
airships, floating city for manned Venus mission
airships, floating city for manned Venus mission
- NASA plans to send solar-powered airships to explore
Venus’ atmosphere and to eventually establish a permanent human colony in a
floating cloud city above the Earth’s nearest planetary neighbour. - Dale Arney and Chris Jones, from the Space Mission
Analysis Branch of NASA’s Systems Analysis and Concepts Directorate at Langley
Research Centre, in Virginia, have proposed that it may make sense to go to
Venus before we ever send humans to Mars. - NASA’s High Altitude Venus Operational Concept (HAVOC)
mission aims to explore the atmosphere of Venus instead of exploring the
surface. - The researchers believe the upper atmosphere of Venus is
“probably the most Earth-like environment that’s out there”. - At 50 kilometres above its surface, Venus offers one
atmosphere of pressure and only slightly lower gravity than Earth. - Astronauts would also be protected from radiation in
Venus’s atmosphere, researchers said. The planet’s proximity to the Sun
provides it 40 per cent more solar power than the Earth gets, and 240 per cent
more than that seen on Mars.
Sports News
11. Sachin Tendulkar
appointed as ambassador of Cricket World Cup 2015
appointed as ambassador of Cricket World Cup 2015
- Sachin Tendulkar was appointed as the ambassador of
Cricket World Cup 2015. The decision was announced by the International Cricket
Council (ICC) on 22 December 2014. - He was appointed as ambassador of Cricket World Cup of
ICC for the second successive time. Tendulkar in the role of ambassador will
promote and support a variety of ICC initiatives to enhance the profile of the
tournament. - Cricket World Cup is the third biggest sporting event in
the world and 2015 World Cup will take place in Australia and New Zealand from
14 February to 29 March 2015. - In 2013, Sachin retired from international cricket after
representing India in 200 Tests, 463 One-Day International and one Twenty20
International. In his 24 years of career he scored a total of 34357
international runs and 100 centuries. He is the all-time leading run-getter in
World Cup history with 2278 runs in 45 matches at an average of 56.95. - In World Cup 2003, he was awarded player of the
tournament for his 673 runs in the tournament.
12. India won Men and
Women title of Kabaddi World Cup 2014
Women title of Kabaddi World Cup 2014
- India on 20 December 2014 won the Men and Women title of
Kabaddi World Cup 2014. This was the fifth Kabaddi World Cup. - In Men, India defeated Pakistan while in women, India
defeated New Zealand to win the title for the fourth consecutive time. - The final match of the cup was played at Guru Gobind
Singh Multipurpose Stadium in Jalandhar, Punjab, India.
Awards in Men’s
section
section
The winner of men section, India, bagged prize money of 2
crore rupees and first runners up, Pakistan won 1 crore rupees. Iraq that stood
third won prize money of 51 lakh rupees.
crore rupees and first runners up, Pakistan won 1 crore rupees. Iraq that stood
third won prize money of 51 lakh rupees.
- Best raiders: Sandeep Surakhpur (India) and Shafiq Ahmad
Chishti (Pakistan) - Best stopper: Yadwinder
They were awarded with Preet Tractors each.
Awards in Women’s
section
section
The winner of women section, India, bagged prize money of
1 crore rupees and first runners up, New Zealand, won 51 lakh rupees. Pakistan
that stood third won prize money of 25 lakh rupees.
1 crore rupees and first runners up, New Zealand, won 51 lakh rupees. Pakistan
that stood third won prize money of 25 lakh rupees.
- Best raiders: Ram Bateri (India), Priyanka (India), Lani
Perese (New Zealand) - Best stopper: Anu
Rani (India) and Tito (New Zealand)
Both best raider and stopper were awarded with a case
prize of 1 lakh rupees each.
prize of 1 lakh rupees each.
Participating Nations
- Men – 11 teams
- Women – 8 teams
13. Atletico de
Kolkata wins inaugural India Super League
Kolkata wins inaugural India Super League
- Mohammed Rafique nodded home the most important goal in
the Indian Super League as Atletico de Kolkata won the inaugural edition here
on Saturday evening. The injury-time goal from the substitute broke Kerala
Blasters’ hearts after a rousing first-half display at the D.Y. Patil stadium. - KB’s marquee player David James had put his reputation on
the line by including himself in place of the in-form Sandip Nandy. He reacted
to the header, coming off a flag-kick, but not fast enough to come anywhere
near the ball which bounced in sight and continued its onward route into the
net.
Note : A detailed PDF will be uploaded shortly in
ExamPundit.
ExamPundit.
14. Shiva Keshavan won
Silver at 17th Asian Luge Championships
Silver at 17th Asian Luge Championships
- Shiva Keshavan on 21 December 2014 won Silver at the 17th
Asian Luge Championships. He clocked 49.934 seconds to cover the 1326 metre
long ice track in the men’s luge competition at the Spiral Olympic Sliding
Centre in Nagano, Japan. - The Gold was won by Japan’s Hidenari Kanayama with a time
of 49.791 seconds while Kim of Korea bagged the bronze with a timing of 50.178.
Hidenari had also won gold in 2011 and 2022 Asian Luge Championships. - However, Keshavan’s Asian records remain intact. He has
the start record of 3.191 seconds and speed record of 134.3 kmph in the Asian
Luge Championhips. - On the other hand, in the Class B of the Asia Cup also
saw India’s Murlidhar Negi finish ninth. - In the Ladies’ Class B section, India’s Yuvavanti Negi,
Nikita Thakur and Jahnavi Rawat finished fourth, fifth and sixth, respectively.