Current Affairs » November 2018 » China Builds An Aartificial Sun
China builds an ‘artificial sun’
China has built an ‘artificial sun’ that reaches temperature six times that of the core of the sun.
The reactor named ‘Experimental Advanced Superconducting Tokamak’ (EAST) is designed to replicate the processes of the sun as part of a project to turn hydrogen into cost-effective green energy.
It involves fusion of hydrogen atoms together to form heavier elements, such as helium.
Aadi Mahotsav festival begins in New Delhi
The 15-day Aadi Mahotsav festival is beginning in the national capital Delhi. Briefing media, Tribal Affairs Minister Jual Oram more than 600 artisans from 23 states will participate in the event.
The theme of the festival is ‘celebration of the spirit of tribal culture, craft, cuisine and commerce‘.
It will feature exhibition-cum-sale of tribal handicrafts, art, paintings, fabric, jewelry and much more through one hundred stalls.
The highlights of the festival will be a fashion show for tribal textiles and tribal cuisines.
Food Park in Aurangabad district inaugurated
Union Minister for Food Processing Industries Harsimrat Kaur Badal inaugurated the second Mega Food Park in Maharashtra on 15 November 2018.
The Food Park is located in Paithan Taluka of Aurangabad district, Maharashtra.
The first Food Park was inaugurated on 1st March 2018 in Satara district, Maharashtra.
The Mega Food Park Scheme is implemented by Ministry of Food Processing Industries.
Africa’s first ever high speed train unveiled
French President Emmanuel Macron and Morocco’s King Mohammed VI have inaugurated Morocco’s first high-speed rail line, the first ever such line in Africa.
The king Mohammed VI named the first line as ‘Al Boraq’.
It will connect the economic hubs of Tangier and Casablanca.
The $2 billion project was launched in September 2011.
‘Toxic’ declared Oxford Word of the Year
Oxford Dictionary has declared the adjective ‘toxic’ as the Word of the Year 2018.
The adjective toxic is defined as ‘poisonous’ and first appeared in English in the mid-seventeenth century from the medieval Latin ‘toxicus’.
The Oxford Word of the Year is a word or expression that is judged to have lasting potential as a term of cultural significance.
FSSAI sets up ‘Eat Right’ awards
Food Safety and Standards Authority of India (FSSAI) has instituted the ‘Eat Right Awards’.
The award has been instituted for food related start-ups to reward innovation and promote entrepreneurship in the area of food safety and applied nutrition.
A jury of eminent professionals and experts in the food sector will select the winners.
Tajikistan launched a hydro-electric project
Tajikistan inaugurated a US$ 3.9 billion ‘Rogun hydro-electric project’ on 16 November 2018.
It has been built on the Vakhsh River in southern Tajikistan.
The project will enable Tajikistan to eliminate domestic energy shortages and export electricity to Afghanistan and Pakistan.
The first of six turbines in the Rogun hydroelectric dam went online on 16 November 2018.
World Bank provides US$155.7 million to Nepal
The World Bank provided over US$ 155 million in financial assistance to Nepal on 14 November 2018.
The first project comprising a credit of US$ 133 million will finance the improvement & maintenance programme targeting around 477 bridges along Nepal’s strategic roads network.
The second project in the form of a grant of US$ 22.7 million to support the Food & Nutrition Enhancement Project.
2 North East Circuits inaugurated in Arunachal
Two projects under Swadesh Darshan Scheme were inaugurated in Arunachal Pradesh on 15 November 2018.
These projects are ‘Bhalukpong- Bomdila – Tawang Project’ & ‘Nafra- Seppa- Pappu, Pasa, Pakke Valleys- Sangdupota- New Sagalee- Ziro- Yomcha Project’.
Swadesh Darshan scheme is the flagship schemes of the Ministry of Tourism for the development of thematic circuits in the country
Mahindra opened its electric technology manufacturing hub in Bengaluru
Mahindra Electric Mobility has opened a new electric technology manufacturing hub which is of worth Rs.100 crore in Bengaluru.
The new plant has rolled out its lithium-ion three-wheeler range, Treo and Treo Yaari.
The new facility will make battery packs, power electronics and motor assembly which are an integral part of an electric powertrain.
The plant uses global standards of manufacturing processes. It will increase the manufacturing capacity to 25,000 units per annum from the current 5,000 units.
It will also have a flexible production line where Mahindra can make both three- and four-wheelers.
Sunil Mehta panel formed ‘Sashakt India AMC’
Sunil Mehta panel has formed an Asset Management Company (AMC) for resolving large bad loans.
The AMC will be called as ‘Sashakt India Asset Management’.
The panel is now working towards identifying potential investors for an Alternative Investment Fund (AIF) which will fund the AMC.
Sunil Mehta panel is working for the faster resolution of stressed assets in public sector banks.
Tribunal to decide on ban on 2 militant groups
The Government of India has set up a tribunal for adjudicating whether or not two Tripura-based militant outfits should be declared banned organisations under the law.
The two militant outfits are National Liberation Front of Tripura and All Tripura Tiger Force.
The tribunal will be headed by Delhi High Court Judge Justice Suresh Kait.
JICA to fund Bengal power project
Japan International Cooperation Agency (JICA) will extend Rs. 5,000-crore loan to a 1,000 MW Turga pumped storage project in West Bengal.
The project is coming up in the Ayodhya Hills in Purulia district, West Bengal.
The project is scheduled for completion by 2027.
A pumped storage power plant works as a large storage battery which generates power during peak periods.
Infosys names Jayesh Sanghrajka as interim CFO
India‘s second largest IT services firm Infosys named Jayesh Sanghrajka as its interim Chief Financial Officer (CFO).
The current CFO, MD Ranganath, step down after an 18-year career with the company.
Sanghrajka has spent 13 years in Infosys over two stints and is currently Executive Vice President and Deputy Chief Financial Officer.
Govt to pay employers 7-weeks maternity leave given to staff
The Women and Child Development Ministry announced the government will give employers the salaries for seven of the 26 weeks of maternity leave for women earning more than Rs.15,000 a month.
The government will utilise the funds lying in the labour welfare cess to pay the employers.
Maternity leave was extended from 12 to 26 weeks last year.
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