Home Daily Updates IMPORTANT CURRENT AFFAIRS & DAILY NEWS UPDATES : 15 - AUGUST - 2016
IMPORTANT CURRENT AFFAIRS & DAILY NEWS UPDATES : 15 - AUGUST - 2016
Tuesday, 16 August 2016 04:47

 

 

 


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DAILY NEWS UPDATES

15- AUGUST - 2016

CCEA APPROVES PROPOSAL OF R&D PROJECT FOR DEVELOPMENT OF AUSC TECHNOLOGY FOR THERMAL POWER PLANTS

The Cabinet Committee on Economic Affairs (CCEA) approved a proposal of research and development (R&D) project for development of Advanced Ultra Super Critical (AUSC) Technology for Thermal Power Plants.

The estimated cost of the project is 1554 crore rupees. BHEL will be provided one time budgetary support of 900 crore rupees spread over a period of three years for implementation of the project.

Key Facts

• This will enable domestic industries to design, manufacture and commission higher efficiency coal fired power plants with indigenously developed technology and manufacturing processes.

• This will be the first time that large power plant equipment will be manufactured with advanced technologies, but without any technological Collaboration and Licensing Agreement with foreign companies.

Environmental Benefit

• The technology will help in reduction of CO2 emission at source combined with 20% saving in coal consumption compared to a sub-critical plant. At present, the power generation from coal contributes to about 38% of CO2 pollution in the atmosphere.

Consortium of Proposal for AUSC technology

A Consortium of three Government Entities proposed a R&D project for development of AUSC Technology for Thermal Power Plants of future, envisaging reduced coal consumption as well as Carbon Di-Oxide (CO2) emission. The three entities and their contribution includes

• Bharat Heavy Electricals Limited (BHEL) – 270 crore rupees

• Indira Gandhi Centre of Atomic Research (IGCAR) - 234 crore  crore rupees

• National Thermal Power Corporation (NTPC) - 50 crore rupees

Department of Science and Technology (DST) is the fourth contributor and it will invest 100 crore rupees in the project.  Balance amount of 900 crore rupees will be contributed by Department of Heavy Industry (DHI) as grant.

MICROSOFT APPOINTS SRIRAM RAJAMANI AS MD OF INDIA RESEARCH LAB

Microsoft announced the appointment of Sriram Rajamani as the new Managing Director (MD) of its India Research Lab.

The appointment is effective from 1 August 2016.

Rajamani replaced Chandu Thekkath, who previously worked as Managing Director of the lab for two years.

Who is Sriram Rajamani?

Rajamani is a renowned computer scientist.

He holds a proven research and managerial track record spanning 17 years in Microsoft's research organisation.

He has expertise in programming language design, security and privacy, cloud security and probabilistic programming.

Prior to joining the India lab, he headed the software productivity tools group within Microsoft's Redmond research lab.

He is a PhD holder in Computer science from University of California.

About Microsoft Research Lab India

Microsoft Research Lab India was founded in January 2005.

It is located in Bengaluru.

The lab conducts long-term basic and applied research in different areas, such as cryptography, security, and algorithms etc.

Microsoft Research India also collaborates extensively with research institutions and universities in India and abroad to support scientific progress and innovation.

ASSAM BECOMES FIRST STATE TO RATIFY THE CONSTITUTION (122ND AMENDMENT) (GST) BILL, 2014

The Assam Assembly passed a resolution to become the first state to ratify The Constitution (122nd Amendment) (GST) Bill, 2014.

The bill was passed by the Lok Sabha on 8 August 2016 and by the Rajya Sabha on 3 August 2016.

Provisions of the Bill

The GST will have two components keeping in mind the federal structure of India: the Central GST (CGST) and the State GST (SGST).

For goods and services that pass through several states, or imports, the Centre will levy another tax, the Integrated GST (IGST).

Alcohol for human consumption has been kept out of the purview of GST.

It empowers the centre to impose an additional tax of up to 1% on the inter-state supply of goods for two years or more. This tax will accrue to states from where the supply originates.

Initially, GST will not apply to (a) petroleum crude, (b) high speed diesel, (c) motor spirit (petrol), (d) natural gas and (e) aviation turbine fuel. The GST Council will decide when GST will be levied on them.

Tobacco and tobacco products will be subject to GST. The centre may also impose excise duty on tobacco.

Parliament may provide for compensation to states for revenue losses arising out of the implementation of GST for up to 5 years, based on the recommendations of the GST Council.

CHINA’S MA LONG BECOMES FIFTH MALE GRAND SLAM WINNER AT RIO OLYMPICS

China’s table tennis champion Ma Long defeated China’s Zhang Jike by 4-0 to grab the gold medal in Table Tennis at Rio Olympics.

With the win, Long became the fifth male player to complete the Grand Slam, and the second male player ever to be the defending champion of all three majors at the same time. Jike was the first player to do so.

Jike clinched the silver medal.

About Ma Long

Born on 20 October 1988, Ma Long is a Chinese table tennis champion.

As of August 2016, he is ranked number 1 in the world by the International Table Tennis Federation (ITTF), which he has been for a total of 48 months, more than anybody else other than Wang Liqin (54 months).

He won a record 5 ITTF World Tour tournaments in a row.

With his victory in the Men's Singles event at the 2016 Rio Olympics, he became the 5th player to win the three most important events in table tennis, i.e. the Olympics, World Championships and World Cup. The only other player who has done that is Deng Yaping.

NAGALAND GOVERNMENT TO GRANT 33% RESERVATION TO WOMEN IN URBAN LOCAL BODIES

The Nagaland Government decided to grant 33 percent reservation to women in Urban Local Bodies (ULBs). The decision was taken during a cabinet meeting held in Kohima.

The decision was announced by the Chief Minister TR Zeliang during the State Level Watershed Conference held in Kohima.

Zeliang however said the state has not been able to avail the annual developmental funds granted by the Centre for ULBs, which was a big loss.

Elections to the state ULBs have been pending for several years as the tenure of the first municipal bodies came to an end between December 2009 and March 2010.

Zeliang said the Joint Action Committee on Women Reservation of the Naga Mothers' Association was fighting in the Supreme Court for 33 percent women reservation, which has also led to withholding of the elections to the ULBs.

The Chief Minister informed that the dates for conducting the elections would be announced soon.

 

 

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Last Updated on Tuesday, 16 August 2016 04:52