Daily Current Affairs Updates- 21st August 2015

    Daily Current Affairs Updates- 21st August 2015
    Daily Current Affairs Updates- 21st 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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    21st August 2015 –National Senior Citizen Day

    1).Himachal Pradesh Chief MinisterVirbhadra Singh launchedRajiv Gandhi Illuminating Scheme for Hill Town Advancement (RISHTA)project
    ·        RISHTA is also known asCentralized Control and Monitoring System(CCMS)which is an efficient smart LED based street lighting project
    ·        ThisSmart Street Lighting Scheme for Urban Local bodies will be implemented by collaboration of the Urban Development Department and theEnergy Efficient Services Limited (EESL)
    ·        EESL is a joint venture company which includes the following4-public power sectors
    a)   Power Grid Corporation of India
    b)   Power Finance Corporation Ltd.
    c)   National Thermal Power Corporation
    d)   Rural Electrification Corporation
    ·        EESL will provide all the capital for the implementation of the project which will be paid back by the state’s municipalities over a period of7 years
    ·        A total of63,484 street lights are planned to be replaced with LEDs in all the Urban Local Bodies thus saving about45% to 55% of energy and cost

    2).Kerala’sCochin International Airport Ltd (CIAL) became the1stairport in the world to fully operate onsolar power
    ·        Kerala Chief MinisterOommen Chandy inaugurated the12 MWp solar power plant near the cargo complex of CIAL
    ·        The plant consists of46,150 solar panels across45 acres near the cargo complex
    ·        It is capable of generating50,000 units of electricity daily making the airport power neutral in terms of energy consumption
    ·        This new plant installed by the Kolkata-basedVikram Solar Pvt. Ltd. will be operated along with the already existing1 MW solar plant set up in2013
    ·        The clean source of energy produced by the plant is equal to the non-clean energy produced by burning3 lakh metric tones of Coals. It is also equal to30 lakh trees
    ·        Previous achievements of CIAL
    a)   1stairport in India to be constructed in Public-Private-Partnership(PPP) modelback in1999
    b)   Only airport in the country that handled more than5 million passengersin a year

    3).Union government launched a web-based portal‘Vidyalakshmi’ to help the students seekingeducational loans
    ·        This portal was launched to administer and monitor scholarship and educational loan schemes under thePradhan Mantri Vidya Lakshmi Karyakram(PMVLK)
    ·        The portal was developed byNSDL e-Governance Infrastructure Limited(NSDL e-Gov) under the guidance of the following departments
    a)   Ministry of Finance
    b)   Department of Higher Education
    c)   Ministry of Human Resource Development
    d)   Indian Banks Association(IBA)
    ·        It’s the1st portal that provides access to information and makes application for educational loans and government scholarships  provided by banks under asingle window
    ·        It also enables banks to upload loan processing status and students can view status of their loan application
    ·        It provides linkage to theNational Scholarship Portal that provides information and application for government scholarships
    ·        Till now over13 banks and22 educational loan schemes have registered on theVidyalakshmi Portal including
    a)   State Bank of India
    b)   Bank of India
    c)   IDBI Bank
    d)   Canara Bank
    e)   Union Bank of India
    ·        This portal was launched as per the Finance MinisterArun Jaitley’sproposal to set up aIT-based Student Financial Aid Authority in theUnion Budget 2015-16

    4).Union Government has issuedguidelinesfor the selection of Managing Directors(MDs)and Chief Executive Officers(CEOs)in Mid and Small Public Sector Banks(PSBs)
    ·        This was issued after the controversy created due to the appointment of 2-private sector banks namelyBank of Baroda andCanara Bank heads
    ·        These guidelines were issued after the approval of theAppointments Committee of Cabinet(ACC)
    ·        These guidelines are applicable to all the banks except the following5-large PSB
    a)   Punjab National Bank
    b)   Bank of Baroda
    c)   Bank of India
    d)   Canara Bank
    e)   IDBI Bank
    ·        As per the guidelines, the posts will be filled from the existing pool of Executive Directors(ED) or Deputy Managing Directors(DMDs) with a remaining service period of2 years
    ·        The DMDs of IDBI Bank, EDs of nationalized banks and MDs of associate banks of SBI having1 year of service experience and2 years of service left are entitled for the post of MD and CEO
    ·        The selection will be done by the interaction of the candidates with 3-panels of the sub-committee of the Appointments Board, where the candidates will be rated out of100 marks out of which
    a)   50 marks – Annual Performance Appraisal Reports(APAR) of 5 years
    b)   50 marks – performance during interaction with the sub-committee
    ·        There are a total of27 PSBs in India out of which
    a)   Nationalized banks – 19
    b)   State bank group – 6
    c)   IDBI bank – 1
    d)   Bhartiya Mahila Bank – 1
    5). Bangladesh became the1st country in the world to receive funds fromUnited Nations for its fast growingSolar Home Systems
    ·        Solar Home Systems is supported by the following international organizations
    a)   World Bank
    b)   Global Environment Facility(GEF)
    ·        Around6 million solar home systems have been installed in Bangladesh providing electricity for lights, Televisions, fans and mobile phones using renewable resources
    ·        TheUN Framework Convention for Climate Change(UNFCCC) has issued carbon credits(CC) worth3.5 millionUS dollars to the following 2-organisations in Bangladesh
    a)   Infrastructure Development Company Ltd.(IDCOL)– state owned developmental financial institution which promotes& finances infrastructure and renewable energy projects in Bangladesh
    b)   Grameen Shakti – This took clean solar power systems and communication technology to villages. It was founded by Nobel LaureateMuhammad Yunus
    6). Russia andPakistansigned a landmarkdefense deal which also includes the sale of 4-advancedMi-35 Hind E combat helicopters to Pakistan
    ·        The deal was signed by top defense officials from both the countries inRawalpindi
    ·        In November 2015, both countries had signed a bilateral defense cooperation agreement to strengthen their military relations
    ·        Mi-35 Hind E
    a)   It is a modernized version ofMi-24 combat helicopter
    b)   It consists of new advanced onboard equipments and avionics
    c)   It is incorporated with a powerful engine and a different tail rotor
    ·        Presently, Pakistan has a number ofMi-17 combat helicopters which they bought fromUnited States to fight against militancy
    7).Researchers led byProf. Stuart LichtofGeorge Washington University discovered a practical method to takecarbon dioxide(CO2) from the air and convert intocarbon nanofibres(CNFs), a valuable manufacturing material
    ·        This solar-powered system used to convertCO2 intoCNF is a cheaper than the existing costly methods which are too expensive for many applications
    ·        In this system, electricity is passed through a tank filled with hot, molten salt which absorbs the atmospheric CO2
    ·        This CO2 is converted into tiny CNFs which are slowly deposited at one of the electrodes of the system
    ·        Presently,10 grams of CNF are produced in anhour through the small lab model of this system
    ·        This method will also play an important role in absorbing excessive CO2 emissions from the atmosphere thus reducing the harmful climatic changes
    ·        CNF is widely used in the manufacturing of the followinghigh-end applications
    a)   Electronic components
    b)   Batteries
    c)   Aircraft
    d)   Car components
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