Current World News 29 September 2013

Current World News 29 September 2013
Nation remembers Shaheed Bhagat Singh on his 106th birth anniversary

The Nation is celebrating the 106th birth anniversary of the great son of the soil, Shaheed-e-Azam Bhagat Singh, today. 

Bhagat Singh was born on 28 September, 1907 at Banga, Lyallpur district, in a family which was already involved in revolutionary activities against the British Raj. 

At the mere age of 13, Bhagat Singh joined the freedom movements and made school his secondary choice. 

He followed Gandhi's non-cooperation movement till the time Gandhi withdrew the non-cooperation movement after the 'Chauri-Chaura' incident. 

People from all walks of life are paying tribute at his statue erected in the museum situated at his ancestral village Khatkar Kalan of Shaheed Bhagat Singh Nagar in Punjab.

Youngsters wearing Bhagat Singh like turbans are participating in it after taking out a march in his memory.

Plays depicting his life were also staged at various places.

China permits domestic banks to conduct offshore business

Chinese banks in the Shanghai Free Trade Zone (FTZ) have been allowed to conduct offshore business.

Chinese banks in the FTZ which is being set up on a experimental basis will be permitted to provide services to depositors who are residents in other countries.

Some domestic banks, such as Bank of Shanghai, China Construction Bank, the Industrial and Commercial Bank of China and Shanghai Pudong Development Bank announced that they were approved to set up branch banks in the FTZ.

China Construction Bank will grant large credit extensions in the FTZ to support infrastructure construction, international commodity trading, service outsourcing, cross-border mergers, acquisitions and other major projects.

Bangladesh begins import of power from India

Bangladesh, on Friday, began importing electricity from India on an experimental basis, adding 50 MW to the national grid.

The import, which took roughly three years to materialise after it was decided in 2010, was part of the country’s plan to help ease the crisis.

The test-supply of 50 MW electricity was transmitted on Friday morning through an electrical grid inter-connection point in Bheramara, Kushtia, opposite to West Bengal of India.

A 125-km transmission line has been constructed between Baharampur of India and Bheramara in Bangladesh. Of this, 40 km fell inside Bangladesh.

The two countries signed a memorandum of understanding (MoU) in 2010 regarding import of 500 MW of power from India. 

Rajasthan Food Security Scheme on October 2

Rajasthan Chief Minister Ashok Gehlot said-- The government has selected around 90 lakh families (about 4.64 crore people) as beneficiary under the scheme.

On October 2, there would be a symbolic launch of the scheme at every panchayat samiti and foodgrains would be distributed from 20th to the last day of every month.

About 38.83 lakh beneficiaries of BPL, state BPL and Antyodaya Anna Yojana would, however, continue to get 35 kg of wheat at Re one per kg every month

Kirit Parikh panel for Rs 1-1.50 monthly hike in diesel price

The Kirit Parikh panel on fuel pricing has suggested that the diesel prices should be increased by Rs 1-1.50 a litre every month as against the 45-50 paise monthly hike followed currently. 

This is expected to help the public sector oil marketing companies sell diesel at market rate in two years’ time.

The high-level panel headed by former Planning Commission Member Kirit Parikh has also suggested a draft trade parity mechanism for determining diesel price.

On the other hand, Minister for Petroleum and Natural Gas M. Veerappa Moily wants the Parikh panel to revisit the current pricing methodology of import party/trade parity for diesel, PDS kerosene and subsidised domestic LPG and suggest a suitable pricing mechanism for sale of these products.

There is a contention between the Finance Ministry and the Petroleum Ministry on pricing of petroleum products. Finance Minister P. Chidambaram wants a fuel pricing mechanism benchmarked to export parity price.

Import parity price means when a domestically produced fuel such as petrol, diesel or cooking gas is benchmarked to an equivalent imported good. 

On the other hand, in export parity mechanism the price is linked to cost of the exported item.

Atul Agarwal joins Indian Overseas Bank as Executive Director

Atul Agarwal has taken over as its Executive Director with immediate effect of IOB

Agarwal was serving as the General Manager in Central Bank of India, city-based Indian Overseas Bank said in a statement.

Agarwal, who began his career as a probationary officer in 1978, moved to Central Bank of India  as Assistant General Manager in 2007.

India draw with Malaysia in Sultan of Johor Cup

India wasted a two-goal advantage to draw 3-3 against hosts Malaysia in their last inconsequential round-robin match of The Sultan of Johor Cup Under-21 hockey tournament, here on Saturday.

With this match, India finished on top of the standings but the result of the tie was merely of academic interest as both India and Malaysia have already qualified for Sunday’s summit clash ahead of today’s game.

Both India and Malaysia finished with 13 points and were unbeaten in the round robin stages but the Indians managed the top position on account of a better goal difference.

Vice-captain Affan Yousof turned out to be the saviour for his side by scoring a brilliant field goal in the final minute of the match to equalise for India.

NALCO to pay Rs 322.15 crore as dividend to government

Aluminium giant Nalco has announced a total dividend payout of 25 per cent, amounting to Rs 322.15 crore for 2012-13, as against 20 per cent paid in the previous year.

Nalco CMD Ansuman Das said the shareholders of the Navaratna PSU approved a total dividend payout of 25 per cent which works out to Rs 1.25 per share.

Miss Philippines Megan Young crowned Miss World 2013

Philippines beauty Megan Young was on Saturday crowned Miss World 2013 after beating 130 contestants across the globe.

This is the first time Miss Philippines has been awarded the title in the 63rd Miss World grand final pageant on the resort island of Bali.

Megan, 23, who is a student of filmmaking, is excited to have taken over the crown from 2012's Miss World winner Wenxia Yu of China.

Megan was born in US before moving to the Philippines, when she was 10.

Megan has ambitions of moving behind the camera in the future, taking the role of director after gaining experience and finishing her qualifications.

Kudankulam likely to generate power in November

first 1,000 MW unit of the Kudankulam Nuclear Power Project (KNPP) is expected to happen  November.

The first unit at Kudankulam 99.74 percent complete, as of August 2013

KNPP is India's first pressurised water reactor belonging to the light water reactor category.

The first unit attained criticality, which is the beginning of the fission process, for the first time, July 13.
The second unit at KNPP is expected to start commercial operations in June next year.

The unit has achieved progress of 95.50 percent as of August.

No comments:

Post a Comment