Current Affairs – April 5, 2010

Events, Happenings & Observances:
“Yodha Shakti” & “Azm-e-Nau”
Yodha Shakti is the name of the month-long war games scheduled to be conducted by Indian Army in mid-April in the Thar desert of Rajasthan. This will be India’s biggest war-game exercise ever. At the same time Pakistan army is organizing similar kind of wargame – Azm-e-Nau (New Resolution) on the Pakistan side of the Thar Desert.

National Updates:
Gujarat : 50 Years of Sardar Sarovar Narmada Project
Out of the thirty large dams planned on river Narmada, Sardar Sarovar Project (SSP) is the largest multipurpose project involved in the construction.

However it took decades to take the project form of development scheme to increase irrigation and produce hydroelectricity.

Assam : Baideu & Nabou Schemes:
Baideu & Nabou are two new schemes started by the Assam state government. These ambitious projects are for the benefit of unmarried women and widows respectively. Baideu means elder sister and this scheme targets unmarried women who are above the age of 45 and living below poverty line. Nabou which means Sister in law targets the widows living below poverty line. The scheme involves financial assistance of Rs 3,000 each annually and one-time assistance of Rs 10,000 to each beneficiary.

Delhi : e-waste disposal system
Delhi government goes ahead with the e-waste disposal system. The e-waste bins will be installed in various places across the capital from where the authorized recyclers shall collect the e-waste for recycling.

e-Office of Finance Ministry:
Finance Secretary Ashok Chawla initiates e-Office programme directed towards a paperless office by enabling access to internal information for its employees through any computer. The E-office has been developed by National Informatics Centre (NIC). Its going to be a platform for personalized, role based, secure access to internal information for the employees that is accessible through any browser.

Some features of the programme are unified view of data, content and document management, collaboration and messaging services with SMS interface, single standards based directory service, identity and access management role and integration of applications.

Rajasthan: New Air field in Phalodi
Phalodi which was called as Phalvardhika in ancient times is a strategic town located in Jodhpur District of Rajasthan. A new Indian Air Force (IAF) airfield equipped with modern infrastructure is to be inaugurated by Chief of the Air Staff, Air Chief Marshal PV Naik at Phalodi. Its location between Jaisalmer and Jodhpur spans the distance between these two important air bases of Indian Air Force.

Business & Economy:
ONGC : First Public Sector Company to receive Emission Reduction Certificates from UNFCC
On April 5, 2010, ONGC announces that it has become India’s First PSU to receive Emission Reduction Certificates from the UN agency UNFC & CC (UNFCCC). The certificate was issued on March 18.

The first registered CDM project is ‘Waste Heat Recovery Project at Mumbai High’. There are six registered CDM projects of ONGC.
However, Waste Heat Recovery project happened to be the first registered project. The monitoring period was from February 5 ,2007 to March 31, 2009 and the issued CERs are 10,722 for the period. The remaining five projects are in the various phases of monitoring and verification. The remaining five projects are in the various phases of monitoring and verification.

Highest paid CEO in United States: Larry Ellison
Larry Ellison, co-founder and CEO of Oracle Corporation, a major enterprise software company emerges as the highest paid CEO in the US. His pay packet was $84.5 million. Ray Elliott of Boston Scientific is at the second place ($33.4 million). The listing has been published by cnnmoney.com

Red Dot Product Design Award – BPL Studylite
BPL Studylite is India’s first eco-friendly rechargeable LED study lamp. It has been chosen from 4,252 entries across a field of around 1,635 companies from 57 countries across the world and is the only Indian product to win a Red Dot Award in 2010. It bags Red Dot Product Design Award in the Lighting category.

Bankers meet RBI:
Chief of Indian Bankers Association, M.V. Nair and chiefs of some big banks meet RBI ahead of RBI’s annual monetary policy due to be released on April 20.

Ashok Leyland’s Sales:
Ashok Leyland ‘s vehicle sales records 100% jump in March to more than 10,000 units, with largest fraction from domestic markets.

NABARD: Business Growth at a Glance
NABARD (National Bank for Agriculture and Rural Development) is India’s apex development bank.

Factbox : NABARD: It was established by an act of Parliament on 12 July 1982 to implement the National Bank for Agriculture and Rural Development Act 1981. It replaced the Agricultural Credit Department (ACD) and Rural Planning and Credit Cell (RPCC) of Reserve Bank of India, and Agricultural Refinance and Development Corporation (ARDC). It is one of the premiere agencies to provide credit in rural areas. The main business of the Bank are long-term and short-term refinancing, plus funding under Rural Infrastructure Development Fund.

In 2009-10, the bank has done a business of Rs. 1.36 Lakh Crore. Its current loans are over Rs. 1 lakh crore. The growth in 2009-10 was around 14 per cent over the previous year’s business of Rs. 1.19 Lakh Crore.

NABARD has appointed The Boston Consulting Group to prepare a roadmap for the future.

Sports:
Jumbo: Mascot for 2011 World Cup‎
Jumbo, an elephant is the mascot of ICC Cricket World Cup 2011. It was unveiled on April 2, 2010. It is after 28 years that elephant, which was chosen as the mascot for the 1982 Asian Games in New Delhi.

Image: ICC
Seventh National Rafting Championship
Indian Rafting Foundation, Arunachal Pradesh Tour Operators Association, the Department of Tourism had organized Seventh National Rafting Championship at Yingkiong, the headquarters of Upper Siang district in Arunachal Pradesh. Army Adventure Wing (AAW), Raiwal received the Champion Trophy.

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