Thursday, 18 May 2017

Daily Update On Current Affairs - May 18, 2017

current affairs
Here's your daily summary of Current Affairs.

Union Cabinet Approves Proposal To Build 10 Atomic Reactors

The Union Cabinet has cleared a proposal allowing for the construction of 10 indigenous Pressurised Heavy Water Reactors (PHWR). The reactors will have a capacity of 700 MW. These reactors will add 7000 MW capacity and will ramp up nuclear power generation in the country.

Pressurised Heavy Water ReactorsPressurised Heavy Water Reactors use natural uranium as fuel and heavy water as both moderator and coolant. India’s first PHWR was constructed at Rawatbhata in Rajasthan in technical cooperation with the Atomic Energy Canada Ltd (AECL). However, Canada’s support was immediately withdrawn after India’s first nuclear experiment at Pokhran in 1974. India’s first nuclear power plant with a different design was built at Tarapur in Maharashtra. PHWR units are in operation in Rawatbhata, Kaiga, Kakrapar, Kalpakkam and Narora. Recently, it was announced that the Nuclear Power Corporation of India Limited (NPCIL) is ready to sell Pressurised Heavy Water Reactors of 220 MWe or 540 MWe capacity to other countries.

CCEA Gives Approval To New Coal Linkage Policy

The Cabinet Committee on Economic Affairs (CCEA) has approved a new coal linkage policy to ensure an adequate supply of the fuel to power plants through a reverse auction. The new policy will help in ensuring fuel supplies to the power plants in an organised manner. Coal linkage policy is a policy designated by the union government for the allocation of coal among thermal power plants. Inadequate availability of domestic coal coupled with a high price for imported coal requires the government to allocate the available coal rationally among the power plants. This is especially necessary as the coal producing firms are public sector companies. Also, the pricing of coal is an another important issue. In this context, the government designates coal linkage policies to allocate coal among different thermal power plants.

Anshu Jamsenpa: First Indian Women To Scale Mount Everest Four Times

Anshu Jamsenpa, a native of Bomdila in Arunachal Pradesh has scripted history by becoming the first Indian woman to scale Mount Everest for the fourth time. Anshu Jamsenpa who is a mother of two children had already had scaled Mount Everest twice in a season that too, taking only a gap of 10 days between the two climbs. She scaled the highest peak twice in May 2011. She again conquered the peak on May 18, 2013.

Forbes Global Game Changers List: Mukesh Ambani Tops The List

Reliance Industries Chairman Mukesh Ambani has topped the Forbes list of ‘Global Game Changers’. Mukesh Ambani has been ranked at the top for his efforts to bring the internet to India’s masses. This is Forbes’ second annual Global Game Changers list and includes 25 “intrepid business leaders” who are known to transform their industries and effect changes to the lives of billions of people around the globe.

Cabinet Approves Pharma Mission To Develop Bio Pharmaceuticals

The Cabinet Committee on Economic Affairs has given its approval for Industry-Academia Collaborative Mission for accelerating discovery and research to early development for biopharmaceuticals. The Mission will be implemented by the Biotechnology Industry Research Assistance Council, a Public Sector Undertaking of Department of Biotechnology. It will be a Pan-India program and help in preparing India's technological and product development capabilities in the bio-pharmaceutical sector to a level that it is globally competitive over the next 10-15 years. It is also intended to transform the health standards of Indian population through affordable product development.

Swachh Rail Portal Launched

Union Railways Minister Suresh Prabhu today launched Swachh Rail Portal that will showcase ranking of stations and trains in terms of cleanliness. He said the portal will also be leveraged to seek passengers' feedback on cleanliness on a continual basis. Mr. Prabhu released a third party survey report on cleanliness conducted by Quality Council of India in New Delhi.

India’s GDP Growth Forecast For 2017 Revised Downward By UN

In the report titled, World Economic Situation and Prospects, the UN has projected a 7.3% growth for India in 2017. Earlier in the report’s January edition, UN had forecasted a growth of 7.7% for the year. The revised report also has predicted an impressive 7.9% GDP growth for the year 2018 which is an increase from its January estimate of 7.6%.

Salient Highlights
According to the report, despite India’s growth being revised downward, India remains one of the fastest growing developing economies, which is ahead of China. China is projected to grow at 6.5% in 2017 and 2018. The report has observed that despite temporary disruptions caused by the demonetization policy, economic conditions underpinned by sound fiscal and monetary policies remain robust. However, the report has warned that the stressed balance sheets of the Indian banks are likely to have an adverse impact on investment rebound in the country. World gross product is likely to expand by 2.7% in 2017 and 2.9% in 2018. This is an improvement over 2.3% growth experienced in 2016.

Renowned Biologist Dr Purnima Devi Barman Nominated For Whitley Awards Aka Green Oscars

Wildlife conservationist Purnima Devi Barman will be conferred with prestigious Whitley Awards 2017 in London today. Among 169 researchers from 66 countries, she has been selected for this prestigious award, which is commonly known as the Green Oscars. Purnima has been selected for her relentless efforts and campaigns for the conservation of the Greater Adjutant Stork locally known as Haargila in Assam. Whitley awards are made annually by the Whitley Fund for Nature to recognize and celebrate effective national and regional conservation leaders across the globe.

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