Daily Current Affairs Updates- 12th August 2015

    Daily Current Affairs Updates- 12th August 2015
    Daily Current Affairs Updates- 12th August 2015:                            
    Daily Current affairs News Updates about the National and International events were listed here. Candidates those who are preparing for IBPS/SBI/PO/Clerk exam and all other competitive exams can use this.

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    1). Thermal Powertech Corporation India Ltd.(TPCIL)synchronized the2nd 660 MWunit of its total1320 MW coal-fired thermal power plant with the grid
    – The Thermal Plant is situated inKrishnapatnam, Nellore District, Andhra Pradesh
    – Its1st 660 MW unit was synchronized in2014
    – The thermal power plant is developed and operated by TPCIL as a joint venture of
    a) Hyderabad’sGayatri Energy Ventures Private Limited
    b)   Singapore’sSembCorp Utilities
    – SembCorp Utilities
    a)   Gross power capacity of8200 MW
    b)   In India it has3340 MW out of which2640 MW is of Thermal energy and700 MW from renewable energy

    2). National Bank for Agriculture and Rural Development (NABARD)accredited byGreen Climate Fund(GCF)as a national implementing entity for undertaking climate change related projects in India
    – NABARD is the only organization that undertakes climate change projects
    – NABARDgets funds in the form of
    a)   Concessional loans
    b)   Grant or modalities approved by theGCF Board
    – NABARDsubmitted a proposal to GCF for financial support on
    a)   Mitigating Climate change
    b)   Enhancing adaption for farmers through agro-forestry project
    – GCF – set byUnited Nations Framework Convention on Climate Change(UNFCCC) in 2010 to
    a)   Help developing countries to finance clean energy projects

    3). Mallinckrodt, leading biopharmaceutical signed an agreement withGores Group
    – To buy a leading immunotherapy companyTherakos Inc. for1.325 billion dollars
    – Therakos Inc
    a)   US based global leader in autologous immune cell therapy throughextracorporeal photopheresis(ECP)
    b)   Its latest generation Cellex Photopheresis system is the only approved integrated system in the world for administering autologous immune cell therapy through ECP
    c)   It deals with the treatment ofblood cancer
    d) It is used in more than25 countriesand deliver over1 million photopheresis treatments globally
    – Autologous immune cell therapy
    a)   Therapy in which immune cells of the cancer patient is taken out of his/her body
    b)   These cells are cultured and processed to activate them for resistance to cancer
    c)   Then these cells are put back in the body

    4). Greece has agreed with a new principle multi-billioneuro bailout deal with its creditors
    – Announced byEuropean Commission(EC) after the meeting between Greece and its lendersAthens
    – Greek Bailout Deal
    a)   Secures funding of around85 billion for Greece to service its debt
    b) Reduces fiscal surpluses of Greece for the next3years by11% of GDP
    c)   Recapitalization of the banking sector of Greece by2015
    d)   Provides35 billion development package to debt ridden country named theJuncker package

    5). Forbes‘Top 100 richest people in technology’ was announced
    – 2-Indians among the top 20
    – 13th place –Azim Premji – chairman ofWipro– net worth of17.4 billion dollars
    – 14th place –Shiv Nadar – founder ofHCL– net worth of14.4 billion dollars
    – 73rd place –Romesh Wadhwani
    – 82nd place –Bharat Desai
    – World’s richest Microsoft co-founderBill Gatesrankednumber 1 – net worth of79.6 billion dollars
    – 2nd place –Ellison – CEOOracle50 billion dollars
    – 3rd place –Jeff Bezos – founder ofAmazon.com– 47.8 billion dollars
    – 4th place –Mark Zuckerberg – co-founderFacebook41.2 billion dollars
    – 5th&6thplace –Larry Page& Sergey Brin
    – 7th place –Jack Ma – chief ofAlibaba
    – Only7-women were present in the list among whomLaurene Powell Jobs – widow of Late Apple’s ChiefSteve Job is the wealthiest –21.4 billion dollars
    – American billionaires in the list –51
    – Asia Tech Barons –33
    – Europeans –8
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