Home Daily Updates IMPORTANT CURRENT AFFAIRS & DAILY NEWS UPDATES : 23 - APRIL - 2016
IMPORTANT CURRENT AFFAIRS & DAILY NEWS UPDATES : 23 - APRIL - 2016
Saturday, 23 April 2016 06:22

 

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DAILY NEWS UPDATES

23 - APRIL - 2016

 

DELL RELEASED LIST OF FUTURE READY ECONOMIES MODEL; DELHI RANKED 44TH

Dell released its ranking of Future Ready Economies Model globally. As per the ranking, San Jose topped the list of 50 future-ready cities around the world that are embracing technology to adapt and thrive in an ever changing and globalised future.

The national capital Delhi was ranked 44th in the list.

The Future-Ready Economies Model scores large, high-growth global metropolitan areas based on attributes that enable people and organisations to access new tools and ideas that deliver better connectivity, better economic performance and a greater ability to attract talent.

The rankings were compiled by IHS Economics based on proxy indicators that define the insights and criteria developed at the 2015 Strategic Innovation Summit: Enabling Economies for the Future, hosted by Harvard University and sponsored by Dell.

The model is meant as a tool for cities to gauge their preparation for future growth.

The cities positioned in the list were evaluated along three dimensions, which are:

• Human Capital: A Future-Ready Economy has people equipped with the right skills to drive meaningful social and economic change.

• Infrastructure: A Future-Ready Economy has the infrastructure necessary to support the people, businesses, and technology that enable progress over time.

• Commerce: A Future-Ready Economy provides sustained opportunities for businesses to accelerate innovation, growth and profitability.

Global Top 10 Future Ready Economies are:

1.    San Jose

2.    San Francisco

3.    Singapore

4.    London

5.    Washington, DC

6.    Boston

7.    Austin

8.    Raleigh

9.    Stockholm

10.    Sydney

Mexico City was ranked 50th in the list.

SCIENTISTS DISCOVERED TRACES OF IRON ISOTOPES OF SUPERNOVA ON MOON

Scientists at Technical University of Munich (TUM) discovered the traces of isotopes of 60Fe (Iron) in samples from the moon which are similar to those were found on Earth’s ocean floor. This led them to believe that these isotopes are also from the same supernova explosion.

The study was published in Physics Review Letters journal on 13 April 2016.

Earlier, a unique iron isotope, 60Fe, was found in deep-sea crusts and ocean sediments from the Pacific Ocean. At present, the scientists detected the same kind of isotope 60Fe, with high concentrations on the moon as well.

The scientists of TUM also made use of the samples of lunar material that was brought to Earth for the further study during the Apollo lunar missions 12, 15 and 16 between 1969 and 1972.

These samples were studied using a high-sensitivity accelerator mass spectrometer in the Maier-Leibnitz Laboratory.

This study supports that the same supernova explosion sent the same stellar particles to Earth and our moon.

What is Supernova?

As per NASA, Supernova is an explosion of the star at the end of its life cycle. Stars are made up of hydrogen and once it is all gone, they implode and create new elements. When it of massive size a supernova, a biggest explosion takes place that spews out different isotopes all over.

It is believed that a supernova explosion occurred somewhere near our solar system around two million years ago. It is believed that it occurred only around 300 light years away.

NICO ROSBERG WON 2016 FORMULA 1 PIRELLI CHINESE GRAND PRIX

German Formula 1 Mercedes Driver Nico Rosberg won 2016 Formula 1 Pirelli Chinese Grand Prix in Shanghai International Circuit.

With this, he made a hat-trick by winning all three Grand Prix that were held in 2016. The other Grand Prix include 2016 Formula 1 Rolex Australian Grand Prix and 2016 Formula 1 Gulf Air Bahrain Grand Prix.

Ferrari driver Sebastian Vettel of Germany stood second and Red Bull’s Daniil Kvyat secured 3rd place where as Lewis Hamilton finished at seven.

List of top 10 finishers in 2016 Chinese Grand Prix

1. Nico Rosberg, Mercedes

2. Sebastian Vettel, Ferrari

3. Daniil Kvyat, Red Bull

4. Daniel Ricciardo, Red Bull

5. Kimi Raikkonen, Ferrari

6. Felipe Massa, Williams

7. Lewis Hamilton, Mercedes

8. Max Verstappen, Toro Rosso

9. Carlos Sainz, Toro Rosso

10. Valtteri Bottas, Williams

About Shanghai International Circuit

It was designed as the race circuit for the new millennium and the modern track, with its stunning architecture. It achieved its goal of becoming China's gateway to the world of Formula One racing since its debut in 2004.

The 5.4 kilometre racing track is shaped like the Chinese charactershang, which stands for high or above. Hermann Tilke and Peter Wahl were the architects of the Circuit.

Other symbols represented in the architecture originate from Chinese history, such as the team buildings arranged like pavilions in a lake to resemble the ancient Yuyan-Garden in Shanghai.

DIPA KARMAKAR BECAME FIRST INDIAN WOMAN GYMNAST TO QUALIFY FOR OLYMPICS

Indian artistic gymnast Dipa Karmakar created history by becoming the first Indian woman gymnast to qualify for Olympics.

Karmakar booked a berth for the Rio Games after a strong performance at the final qualifying and test event. She earned a total score of 52.698 points in the Olympics qualifying event to book a berth for artistic gymnastics in Rio Games to be held in August 2016.

Karmakar has been listed as the 79th gymnast among individual qualifiers in the list of women’s artistic gymnast who have qualified for the Rio Olympics.

Who is Dipa Karmakar?

Born on 9 August 1993 in Agartala, Dipa Karmakar came to recognition when she won a bronze medal at the 2014 Commonwealth Games, held at Glasgow becoming the first Indian female gymnast to do so in the history of the games.

She is also one of the five women that have successfully landed the very difficult Produnova vault in competition, also holding the highest score amongst all in her attempt. She scored 15.100, which is 7.000 for difficulty, and an 8.100 for execution, with a 0.1 penalty. Only two of her contemporaries have attempted the Produnova: Yamilet Pena of Dominican Republic and Fadwa Mahmoud of Egypt.

She also won a bronze at the Asian Gymnastics Championships and finished fifth at the 2015 World Artistic Gymnastics Championships, both a first for India. These achievements have established her as the most successful gymnast from India despite her young age.

UNION GOVERNMENT RELEASED REPORT OF TECHNICAL COMMITTEE ON LARGE SCALE INTEGRATION OF RENEWABLE ENERGY

Union Power, Coal and New and Renewable Energy Minister of State(IC) Piyush Goyal released Report of the Technical Committee on Large Scale Integration of Renewable Energy, Need for Balancing, Deviation Settlement Mechanism (DSM) and associated issues in New Delhi.

He also launched Ancillary Services Operations in India.

Highlights of the Report

• India has set an ambitious target of achieving 175 GW of renewable generation capacity.

• In order to integrate such high penetration of renewable energy and address the concerns of the stakeholders in renewable energy, a high level Technical Committee was constituted with members from Ministry of Power, Central Electricity Regulatory Commission (CERC), Central Electricity Authority (CEA), renewable rich states like Gujarat, Rajasthan, Tamil Nadu, West Bengal, Power Utilities like PGCIL, Power System operation Corporation Ltd. (POSOCO), NTPC, State Generating companies and Private generating companies and Institutions like India Meteorological department (IMD), National Institute of Wind Energy (NIWE), National Institute of Solar Energy (NISE), GIZ, Ernst & Young (E&Y), etc.

• The committee had extensive deliberations and has recommended several actions, such as bringing flexibility in the conventional generation, frequency control, generation reserves, ancillary services, forecasting, scheduling, deviation settlement mechanism, balancing requirement, data telemetry and communication, Renewable Energy Management Centres (REMCs), Transmission system augmentation and strengthening as well as certain compliance actions at renewable generation front.

• The Committee recommended a 15 point Action Plan for facilitating large scale integration of renewables in the country, in a secure and reliable manner.

• Some of the actions have been completed with active support of CERC, State Energy Regulatory Commission (SERC), NIWE and other stake holders.

• Regulatory Framework for Intra-State Settlement and Imbalance Handling has already been implemented in 5 states.

• For Model Regulations for Regulatory Framework for Forecasting, Scheduling and Imbalance Settlement for Renewable Energy (RE) generators have been published in November 2015 and Draft regulations have already been floated by 6 States.

• Other States are in the process of formulation. Regulatory Framework for Reserves at inter-state level have been issued in October 2015.

• Ministry of Power (MOP), MNRE, GIZ, POSOCO and States are working together to prepare the DPR for implementation of Renewable Energy Management Centres (REMCs). DPR for Southern States and Southern Regional Load Despatch Centre (SRLDC) is under finalisation and combined NIT would be floated soon.

• CEA as Planners would specify Technical Standards and Protection Requirements for Renewables. Focus has also been given on Capacity Building of State Load Despatch Centres (SLDCs) particularly in RE Rich States.

• Report also talks about the Newer Technologies say Micro-Grids, Demand Response, Prosumers, Electricity Storage, Plug-in Hybrid Electric Vehicles etc.

• Thus all the recommendations aim at making the grid secure and reliable even with large scale integration of renewables.

Ancillary Services

• In an electricity grid, the basic services are power generation, energy supply and power delivery from the producer to the consumer.

• Some system support services such as frequency and voltage control are required for secure and reliable grid operation.

• These support services are known as Ancillary Services and are basically procured and pressed into service by the System Operator.

• Amendment to the Tariff policy has also been notified, which mandates implementation of Ancillary Services.

• The Regulatory framework for implementation of Ancillary Services Operations has been notified by CERC. National Load Despatch Centre (NLDC) operated by POSOCO has been designated as Nodal agency for implementation of Ancillary Services.

• It is being implemented for the first time in the country and would help in better grid management even with large scale renewable generation addition in the grid.

• The initiative undertaken by the committee would not only lead to smooth and secure grid operation with large scale integration of renewable but is also environment friendly and would help in fulfilling our commitment to green and clean environment.

• It would reduce the carbon foot print and help in meeting our commitment towards reduction in carbon emission.

INZAMAM-UL-HAQ APPOINTED PAKISTAN CHIEF SELECTOR

The Pakistan Cricket Board (PCB) appointed former Pakistan captain Inzamam-ul-Haq as the new chief selector of the team.

Inzamam, a veteran of 120 tests and 398 one-day internationals, replaced Haroon Rasheed as chief selector. The PCB has not set a fixed term for Inzamam's tenure.

The members of the new selection committee are former test off-spinner Tauseef Ahmed, former international fast bowler Wasim Haider and batsman Wajahatullah Wasti.

At the time of appointment, Inzamam was the head coach of Afghanistan cricket team. He was appointed as the head coach of Afghanistan in October 2015, and was contracted by the Afghanistan Cricket Board until December 2016.

The PCB, however, requested the ACB to release Inzamam from his contract early.

This will be Inzamam's first time as a selector; earlier, he had worked as Pakistan's batting consultant briefly in 2012-13. Inzamam, widely regarded as one of the greatest Pakistani batsmen ever, had scored 8830 runs in 120 test matches and 11739 runs in 378 ODIs. He retired from international cricket in 2007.

The previous selection committee was dissolved by PCB after Pakistan fared badly in the Asia Cup and World T20. Soon after the World Twenty20, Coach Waqar Younis quit and wicketkeeper Sarfraz Ahmed replaced Shahid Afridi as Twenty20 captain.

THE 13TH ISLAMIC SUMMIT CONFERENCE CONCLUDED IN ISTANBUL

The 13th session of the Islamic Summit Conference was concluded in Istanbul, Turkey.

The Islamic Summit, which commenced on 10 April 2016, was held under the theme Unity and Solidarity for Justice and Peace. It also discussed the current situation in Syria, Yemen, Libya, Afghanistan, Somalia, Mali, Jammu and Kashmir, Bosnia-Herzegovina and Armenia’s aggressions on Azerbaijan, as well as other Member States afflicted by conflicts and unstable security situations.

The agenda of the summit included the question of Palestine and Arab-Israeli conflict, conflict situation in the Muslim world, combating terrorism and violent extremism, Islamophopia, humanitarian situation in the Muslim world, and the Organisation of Islamic Cooperation (OIC) 2025 Programme of Action.

Besides, the summit condemned Hezbollah for conducting terrorist activities in Syria, Bahrain, Kuwait and Yemen and for supporting terrorist movements and groups undermining the security and stability of OIC Member States.

The preceding Islamic Summit Conference was held on 6–7 February 2013 in Cairo, Arab Republic of Egypt. The summit adopted Cairo Final Communique together with a set of Resolutions on various political, socio-economic and cultural issues.

About Organisation of Islamic Cooperation

The Organisation of Islamic Cooperation is an international organization founded in 1969 consisting of 57 member states.

The organisation states that it is the collective voice of the Muslim world and works to safeguard and protect the interests of the Muslim world in the spirit of promoting international peace and harmony.

The OIC has permanent delegations to the United Nations and the European Union.

The official languages of the OIC are Arabic, English and French.

REGIONAL COMPREHENSIVE ECONOMIC PARTNERSHIP WANTS INDIA TO CUT TARIFFS

  • India has been told to either agree to eliminate tariffs on most products or leave the talks on the proposed Trade Agreement,negotiated by the Regional Comprehensive Economic Partnership, trading bloc of 16 Asia-Pacific countries.
  • Apprehensions were voiced at the last round of negotiations in Brunei, adding that the 12th round of RCEP talks slated for April at Perth in Australia could be a “turning point” in the negotiations with India.
  • In particular, trade negotiators from the other RCEP members, comprising the 10-member ASEAN bloc, and China, Japan, Australia, South Korea and New Zealand were upset over India’s protectionist stance.
  • Ministries of External Affairs and Commerce are expected to seek a clear direction from PM Narendra Modi on whether or not India should be part of the RCEP.

UNION IS AGAINST TAMIL NADU GOVT PROPOSAL RELATED TO RAJIV GANDHI ASSASSINATION

  • The Centre has rejected the proposal of the Tamil Nadu government to re- lease seven convicts in the Rajiv Gandhi assassination case.
  • This is the second time in two years that the State had written to the Centre seeking its views on its decision to remit their sentence. The first letter was sent during the UPA government’s tenure in February 2014.
  • The Ministry of Home Affairs (MHA) has told the State that “since the matter is sub judice in Supreme Court, it has no authority to release the prisoners.”
  • In 1999, the Supreme Court found the seven guilty of conspiring to assassinate former Prime Minister Rajiv Gandhi in May 1991.
  • The death sentences of Sriharan, Perarivalanand Suthendraraja were commuted to life imprisonment by the Supreme Court in 2014 due to delay in disposal of their mercy petitions.
  • Nalini’s death sentence was commuted to life by the State Cabinet in 2000. The remaining three are serving life sentence.

A COMPLETE AND UNCONDITIONAL ROLL-BACK OF NEW PF NORMS

  • The government announced a complete and unconditional rollback of new norms that barred employees from with-drawing their provident fund corpus before retirement.
  • Labour and Employment Minister said the new rules would be partially relaxed and their implementation deferred.
  • Protests against the new norms that started in Bengaluru turned violent.
  • Under the rules notified in February, employees were not allowed to withdraw their entire PF amount if they had quit or lost their present jobs, making it mandatory for them to wait till 58 years of age for a final settlement.
  • The Minister said the norms would be relaxed to allow employees buying a house, getting a child married and pursuing professional education and healthcare to withdraw their entire PF savings.
  • A similar exemption was granted to employees who join a government organisation.

CENTRE SAID ALL EFFORTS WILL BE PUT TOGETHER TO BRING KOHINOOR

  • The Centre said it would make all efforts to bring back the Kohinoor diamond from the United Kingdom in an amicable manner— a stand that seems to be at odds with the Solicitor General’s submissions to the Supreme Court.
  • In a strongly worded statement, the Culture Ministry said the Solicitor General’s submissions were consistent with the stand taken by earlier governments going as far back as 1956 during the tenure of India’s first Prime Minister Jawaharlal Nehru.
  • The government said the factual position is that the matter is sub judice and a public interest litigation plea filed in the Supreme Court is yet to be admitted.
  • The Centre stressed that it has not yet conveyed its views to the court, which it said had granted six weeks to the Solicitor General to make a submission.

CHINA DESCRIBED TIES WITH INDIA WILL PROMOTE MULTI POLAR WORLD

  • Amid a string of diplomatic exchanges, China has described its ties with India as a factor in promoting a multi-polar world, as well as an important component for fostering stability in the region.
  • On the eve of the arrival in Beijing of National Security Adviser, China said: “China and India are two largest developing countries and major emerging economies as well as two significant forces that drive forward world multi-polarisation.”
  • China said that the “intensive high level interactions” reflect that Beijing-New Delhi ties are “enjoying a sound and stable momentum of development, with in- depth growth of political mutual trust.
  • China also said enhanced exchanges and cooperation in various fields, and sound coordination and cooperation in international and regional affairs.

PETROPOROSHENKO AND VLADIMIR PUTIN AGREED TO SWAP PRISONERS

  • Ukrainian President PetroPoroshenko said he and Vladimir Putin had agreed a framework for a deal to secure the release of Ukrainian pilot Nadezhda Savchenko from a 22-year jail sentence in Russia.
  • The sentencing of two captured Russian servicemen in Ukraine fuelled speculation that they might be swapped for Savchenko (34), who was found guilty of involvement in the killing of two Russian journalists in 2014.
  • The sentencing of the Russian soldiers “opens certain possibilities of initiating a swap. But I strongly urge no speculation about a timeframe for [her] return or future steps.” Mr. Poroshenko said
  • Speculation that a deal might be afoot increased with the sentencing of two Russian soldiers, Alexander Alexandrov and his commander, Captain Yevgeny Yerofeyev, to 14 years in jail. The pair were charged with preparing “an act of terror”.

RAGHURAM RAJAN SAYS CURRENCY WILL BE USED TO REDUCE VOLATILITY

  • The Reserve Bank of India will continue to use currency intervention to reduce volatility in the country's exchange rates, the bank's governor said.
  • India will intervene in the currency market when there's a sustainable risk in global markets and the country sees a flood of capital coming in, he said.
  • India's foreign exchange reserves swelled to a record high of $360 billion for the week ended April 1, largely on account of the central bank's dollar purchases to rein in the rupee's strength as foreign funds poured into Indian financial markets.
  • Rajan confirmed that India's reserve build-up was a result of the central bank's intervention.
  • India's central bank governor said he was closely watching inflation developments as well as monsoon rain forecasts in terms of impact on monetary policy.

REPORT SAYS INDIA’S POWER INFRASTRUCTURE IS OUTDATED

  • India’s outdated grid infrastructure is incompatible with the storage technology that private investors are looking to install and is holding back the emergence of the electricity storage sector.
  • The government’s push for the adoption of renewable energy sources such as solar and wind will increasingly rely on power storage sincesupply from such sources is irregular.
  • Power storage facilities are critical for the government’s rural electrification pro- gramme as well.
  • This segment is taking time to scale up because there needs to be a large scale over- haul (in the existing grid infrastructure). Some states like Gujarat and Rajasthan are better than others.
  • Solar energy suffers from a periodicity in supply due to there being no supply during night-time while wind energy is irregular more due to seasonal factors.

FINANCE MINISTER SAYS GLOBAL SITUATION IS WORRISOME

  • The global economic situation is “grim” and “worrisome” and that has prompted the nations to put up “firewalls” around their own systems to save themselves from the slowdown and grow within the limitations, Finance Minister said.
  • “I don’t think anybody has been able for sure to hazard even a significant guess,” Mr. Jaitley said when asked what his prognosis is for the global economy for the next couple of years.
  • He said given the challenging global economic situation, the level of ambition in nations is such that even a one—two per cent economic growth is considered “good growth under the circumstances”.
  • He said the Chinese were “reasonably optimistic” because in the first quarter their economy had picked up 6.7 per cent.
  • He said like the rest of the world, China too has its own challenges “because a trans- formation is taking place in China with their emphasis to- ward domestic consumption and services in play.”

 

 

 

 

Top Commandments...

(*) Heavy rains remind us of challenges in life. Never ask for a lighter rain. Just pray for a better umbrella. That is attitude.

(*) When flood comes, fish eat ants & when flood recedes, ants eat fish. Only time matters. Just hold on, God gives opportunity to everyone!

(*) Life is not about finding the right person, but creating the right relationship, it's not how we care in the beginning, but how much we care till end.

(*) Some people always throw stones in your path. It depends on you what you make with them, Wall or Bridge? Remember you are the architect of your life.

(*) Every problem has (n+1) solutions, where n is the number of solutions that you have tried and 1 is that you have not tried.

(*) It is not important to hold all the good cards in life. But it’s important how well you play with the cards which you hold.

(*) Often when we lose all hope & think this is the end, God smiles from above and says, `Relax dear it’s just a bend. Not the end'. Have Faith and have a successful life.

(*) When you are sad, try to cheer up just go to the mirror and say, `Damn I am really so cute` and you will overcome your sadness.

(*) One of the basic differences between God and human is, God gives, gives and forgives. But human gets, gets, gets and forgets. Be thankful in life!

(*) Only two types of persons are happy in this world. First is Mad and second is Child. Be Mad to achieve what you desire and be a Child to enjoy what you have achieved.

#‎RAY‬ - ‪#‎Empowering‬ ‪#‎Talent‬ ‪#‎Since‬ 1971
www.rosemaryinstitute.com

Last Updated on Monday, 25 April 2016 03:38
 

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