Home Daily Updates IMPORTANT CURRENT AFFAIRS & DAILY NEWS UPDATES : 23 - JULY - 2016
IMPORTANT CURRENT AFFAIRS & DAILY NEWS UPDATES : 23 - JULY - 2016
Friday, 29 July 2016 07:42


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23- JULY - 2016

 

UNION CABINET APPROVES SIGNING OF AIR SERVICES AGREEMENT BETWEEN INDIA AND MOZAMBIQUE

The Union Cabinet on 20 July 2016 approved signing of the Air Services Agreement between India and Mozambique.

Till now, there was no Air Services Agreement between India and Mozambique. In order to promote the air connectivity between the two countries, the two sides initiated the process of consultation in 2011 to finalize the text of Air Services Agreement.

Highlights of the Air Services Agreement

• Multiple designation of Airlines by each party.

• The designated Airline of each party can enter into cooperative marketing arrangements with the designated carriers of same party, other party and that of a Third party.

• It allows designated airlines of either countries to establish offices in the territory of other country for the promotion and sale of air services.

• The designated airlines of the two countries shall have fair and equal opportunity to operate the agreed services on specified routes.

• It also has the provisions relating to Suspension of Operating Authorization, Principles governing operations of agreed services, commercial opportunities, safety and security related clause.

2016 FORTUNE GLOBAL 500 LIST RELEASED: INDIA'S INDIA OIL CORPORATION RANKED AT 161ST PLACE

The 2016 Fortune Global 500 list of the world's biggest firms was released on 21 July 2016. Seven Indian companies were featured in the list with Indian Oil Corporation (IOC) ranked highest at 161st rank with revenues of 54.7 billion US dollars.

The overall list was topped by retail giant Walmart with revenue of 482.130 million US dollars.

Highlights of the 2016 Fortune Global 500 list

• The world's 500 largest companies generated 27.6 trillion US dollars in revenues and 1.5 trillion US dollars in profits in 2015.

• This year's Fortune 500 companies employ 67 million people worldwide and are represented by 33 countries.

• The overall list was topped by Walmart with revenue of 482.130 million US dollars, followed by State Grid at Second place and China National Petroleum at the third place.

• Chinese companies took over whole of the top 10 in the list. While Walmart leads the list, the next three slots are taken by Chinese companies. These are State Grid, China National Petroleum and Sinopec.

• More than 100 Chinese companies made to the list this year, with the US the only country with more names on the list.

Top 10 in 2016 Fortune Global 500 list

Rank

Company

Revenue ( Billion US dollars)

1

Walmart

482.1

2

State Grid

329.6

3

China National Petroleum

299.2

4

Sinopec Group

294.3

5

Royal Dutch Shell

272.1

6

Exxon Mobil

246.2

7

Volkswagen

236.6

8

Toyota Motor

236.5

9

Apple

233.7

10

BP

225.9

India in 2016 Fortune Global 500 list

• Seven Indian companies figure in the Fortune 500 list with state-run Indian Oil Corp (IOC) ranked highest at 161st with revenues of 54.7 billion US dollars.

• Second and third biggest Indian firms in revenue were Reliance Industries (RIL) and Tata Motors Ltd, with 215th and 226th ranks respectively.

• State Bank of India (SBI), India's largest bank in terms of customer base, came fourth after Tata Motors to occupy the 232nd rank.

• Bharat Petroleum Corp Ltd (BPCL) with 358th rank and Hindustan Petroleum Corp with 367th rank were placed as the fifth and sixth, respectively.

• The surprise entry from India at the seventh position is Bengaluru-based Rajesh Exports at 423rd rank with revenue of 25.2 billion US dollars, that has replaced ONGC in the coveted list.

• State-owned Oil and Natural Gas Corp (ONGC) that was ranked 449 in the 2015 rankings is out of the list for the first time.

AJAY BHUSHAN PANDEY APPOINTED AS CEO OF UIDAI

The Union Government appointed Ajay Bhushan Pandey as the Chief Executive Officer of Unique Identification Authority of India (UIDAI).

The Appointments Committee of the Cabinet approved the promotion of Pandey with effect from 12 July 2016.

Under Pandey’s tenure, UIDAI will have to deal with the legal cases involving privacy and parliamentary issues that Aadhaar has been embroiled in.

Who is Ajay Bhushan Pandey?

Pandey is a 1984 batch Indian Administrative Service officer of Maharashtra cadre.

He has been serving as Director General of the UIDAI since August 2015.

He holds a doctorate in Computer Science from University of Minnesota Minneapolis of US.

About UIDAI

UIDAI was founded in 2009 under the United Progressive Alliance (UPA) regime with former Infosys CEO Nandan Nilekani as its chairman. Nilekani resigned in 2014.

It is the organisation behind the Aadhaar, which is a 12 digit unique number, linked with an individual’s demographic and biometric information.

As of 15 July 2016, about 102 crore Aadhaar IDs have been generated.

2016 SET TO BE WORLD'S HOTTEST YEAR ON RECORD: WMO

The World Meteorological Organisation (WMO) announced that global temperatures for the first six months of 2016 broke many records. It means that 2016 is on the track to be the world's hottest year on record.

The WMO stated that Arctic Sea ice melted early and fast, which is another indicator of climate change. In addition, Carbon dioxide levels have also reached new highs.

Key facts announced by WMO

June 2016 marked the 14th consecutive month of record heat for land and oceans and the 378th consecutive month with temperatures above the 20th century average.

Carbon dioxide concentrations have passed the symbolic milestone of 400 parts per million (ppm) in the atmosphere so far in 2016.

Two separate reports from the U.S National Oceanic and Atmospheric Administration (NOAA) and NASA's Goddard Institute for Space Studies (NASA GISS) highlighted the dramatic and sweeping changes in the state of the climate.

The average temperature in the first six months of 2016 was 1.3°C (2.4°F) warmer than the pre-industrial era in the late 19th century.

NOAA said the global land and ocean average temperature for January 2016–June 2016 was 1.05°C (1.89°F) above the 20th century average.

The El Niño event which developed in 2015 and was one of the most powerful on record contributed to the record temperatures in the first half of 2016.

The extent of Arctic sea ice at the peak of the summer melt season now typically covers 40 percent less area than it did in the late 1970s and early 1980s.

Rainfall in June 2016 was notably drier than normal across the western and central contiguous USA, Spain, northern Colombia, northeastern Brazil, Chile, southern Argentina, and parts of central Russia.

Wetter-than-normal precipitation was observed across northern Argentina, northern and central Europe, Australia and across central and southern Asia.

Temperatures in the Coral Sea (including the Great Barrier Reef), and the Tasman Sea were highest on record for extended periods since late summer 2016.

NDMC SIGNS MOU WITH NEERI TO DEVELOP SEWAGE TREATMENT PLANTS

The New Delhi Municipal Council (NDMC) signed a Memorandum of Understanding (MoU) with National Environmental Engineering Research Institute (NEERI) to develop 12 sewage treatment plants (STP).

This project will help increase the green cover in NDMC areas and curb dust pollution.

Highlights of the MoU

• In the first phase, 12 STPs will be installed across the NDMC area.

• Each plant will have a capacity of treating sewage water ranging from 50000-1 lakh litres.

• All these plants will be connected to all parks which will help the horticulture department to maintain the parks.

• These plants will be installed at schools also.

• NDMC will bear only pumping cost which is economic and NEERI will bear the cost of the project.

• The barren lands that have no use under NDMC areas will be developed into green areas under the same project.

 

 

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