Power Ministry sets up panel under P.D. Siwal to probe NTPC’s Unchahar plant accident
- The Union power ministry on Monday has gave the union to the high security for the investigate the 1 November blast at state-run NTPC Ltd’s Unchahar power plant in Raebareli and suggest measures to prevent such incidents.
- The blast gas get explosed in the are at where the recently commissioned 500 megawatts (MW) unit of the 1,550MW coal-fuelled plant (about 110km from state capital Lucknow). By this plant there is the supply of the electricity to the Uttar Pradesh, Haryana, Himachal Pradesh, Jammu and Kashmir, Punjab, Rajasthan, Chandigarh, Delhi and Uttarakhand. The death toll from the blast stands at 36.
- A power ministry order issued on Monday, reviewed by Mint stated, “In exercise of powers conferred under Section 161 (2) of the Electricity Act 2003, Government of India, Ministry of Power, hereby, constitutes a committee to investigate the causes of the accident that occurred on 01.11.2017 at the Feroze Gandhi Thermal Power Plant of NTPC Ltd at Unchahar TPP (Unit-VI: 500 MW) in Uttar Pradesh.”
- Other members of the committee are Subir Chakraborty, director-projects at Uttar Pradesh Rajya Vidyut Utpadan Nigam Ltd; Dhawal Prakash Antapurkar, director of steam boilers, Maharashtra; and L.D. Papney, chief engineer, thermal engineering and technology development division at CEA, India’s apex power sector planning body. “The committee, if required, may seek assistance from experts or co-opt other members,” the order said.
- According to the terms of reference of the government committee, its job is “to investigate the causes of the accident and fix responsibility for lapses, if any,” and “to suggest remedial measures to avoid recurrence of such incidents in future.”
- The Ministry of Power is an Indian government ministry
- The current Union Minister of State is R.K. Singh
- Website: powermin.nic.in
- Formed: 2 July 1992
- Jurisdiction: Government of India
- Headquarters: Shram Shakti Bhavan, New Delhi – 110 001
- Minister of state independent charge: R. K. Singh
- Programs: Deen Dayal Upgraded Gram Jyoti Yojana, Domestic Efficient Lighting Program
Dissident Trinamool leader Mukul Roy joins BJP
- Former Trinamool Congress leader Mukul Roy joined the BJP in Delhi on Friday evening and has stated that his new party will get excahange his old party that has form government in Bengal in 2021.
- With senior Union minister Ravi Shankar Prasad has sat next to him and was giving the prase to him for “an able organiser”, an overwhelmed Roy went the full distance as he called the BJP a “secular party”.
- “People of Bengal have started looking for an alternative. I believe that the BJP under PM Narendra Modi and party president Amit Shah will come to power in Bengal in the near future. Bengal will get a new government in 2021,” he said. The Trinamool chose to largely ignore the “expected development”, with only mayor Sovan Chatterjee offering a “nothing-will-happen-to-Trinamool” sound bite in Kolkata.
- BJP leaders has said in the statement that Roy’s induction followed a go-ahead from party president Shah himself, who overruled opposition from a section of the party’s Bengal office-bearers. BJP national general secretary and Bengal minder Kailash Vijayvargiya drove Roy from his Delhi home to BJP headquarters where they had a brief meeting with Shah, following which Roy and other senior BJP leaders addressed the media.
- The Bharatiya Janata Party is one of the two major political parties in India, along with the Indian National Congress
- President: Amit Shah
- Founder: Syama Prasad Mukherjee
- Founded: 6 April 1980, India
- Ideology: Integral humanism, Social conservatism, Conservatism, Hindu nationalism, Gandhian socialism, Hindutva
- Alliance: National Democratic Alliance
India successfully test fires sub-sonic cruise missile ‘Nirbhay’
- India on Wednesday has successfully test-fired its first indigenously designed and developed long range sub-sonic cruise missile ‘Nirbhay’, which has the capacity of the 1,000 km operational range and a capacity to carry warheads of up to 300 kg.
- Describing the trial a success, a defence statement said, “The Defence Research and Development Organisation (DRDO) achieved yet another feat, the successful test flight of ‘Nirbhay’ which can be deployed from multiple platforms.”
- “Today’s flight test achieved all the mission objectives completely, from lift-off till the final splash, boosting the confidence of all scientists associated with the trial,” the statement said.
- “Defence Minister Nirmala Sitharaman complimented DRDO scientists for this inspired achievement. She was optimistic that this would take India to the select league of nations possessing this complex technology and sub-sonic cruise missile capability,” it said.
- “It took-off in a programmed manner and all critical operations like launch phase, booster deployment, engine start, wing deployment and other operational parameters demonstrated through autonomous way point navigation,” the statement said.
- “The guidance, control and navigation system of the missile is configured around the indigenously designed Ring Laser Gyroscope (RLG) and MEMS based Inertial Navigation System (INS) along with GPS system,” it said.
- “The missile cruised for 50 minutes, achieving the range of 647 km. It was tracked with the help of ground-based radars and other parameters were monitored by indigenous telemetry stations developed by the DRDO,” the statement said.
- “After the missile achieves designated altitude and velocity, the booster motor is separated and the engine automatically switches on for further propulsion. Mid-way in its flight, the missile’s wing opens up by the commands generated by the sophisticated on-board computer for stabilising the flight path.” the scientist said.
- “The two-stage missile is six metre long, 0.52 metre wide with a wing span of 2.7 metre. It can carry a warhead of 200 kg to 300 kg at a speed of 0.6 to 0.7 Mach. Its launch weight is about 1,500 kg,” DRDO sources said.
COP23 climate change summit held in Bonn, Germany
- As the 23rd edition of the UN climate change conference has held at the Germany, the summit’s rotating presidency that has been going to held for the first time country facing an existential threat from global warming: the tiny island nation of Fiji.
- “The UN Climate Change Conferences do cost a lot of money,” COP23 said in a statement. “The actual costs of COP23 are not yet known and can only be quantified after the climate summit. This year, restrictions have been imposed due to the limited space. Organisers expect around 20,000 to 25,000 people.”
- “We who are most vulnerable must be heard, whether we come from the Pacific or other Small Island Developing States, other low-lying nations, and states or threatened cities in the developed world like Miami, New York, Venice or Rotterdam,” said Fiji’s Prime Minister Frank Bainimarama, president of the COP23, in a speech last May when he addressed delegates in Bonn. “But together we must speak out for the whole world – every global citizen – because no-one, no matter who they are or where they live, will ultimately escape the impact of climate change.”
- “With the withdrawal of the US from the Paris Agreement, we are missing a key financial contributor,” said Schwarz. “Progress needs to be made on this front during the COP23 in order to reach the annual amount of $100 billion promised for 2020 by developed countries towards developing ones,” Bainimarama said during his closing speech at the Pre-COP (an event for discussing ideas for the upcoming COP23) on Denarau Island in Nadi, Fiji, on October 18.
- “Once again, Bonn has an opportunity to demonstrate its calibre as a UN city and as a conference location,” state secretary Walter Lindner of the German foreign office said in a statement in September.
- “Germany’s support for Fiji, for the UN climate change team and for every person who will attend COP 23, shows the country’s commitment to climate and sustainable development goals,” Patricia Espinosa, executive secretary of the UNFCC, said in the September statement.
- “For participants ranging from heads of state and ministers to CEOs of major companies, civil society and young people, Germany will be the hub [of] global climate action in November,” Espinosa added.
Guinea becomes new member of International Solar Alliance
- In tune with India’s growing engagements with Africa, External Affairs Minister Sushma Swaraj has going to held meeting with the Guinea’s Foreign Minister, Mamady Toure, during the course of which the latter handed over his country’s instrument accession to the India-initiated International Solar Alliance (ISA).
- “Foreign Minister Toure expressed appreciation for India’s support for Guinea’s economic development,” it stated, adding Sushma Swaraj conveyed India’s readiness to assist in developmental cooperation including lines of credit and capacity building in Guinea.
- “She requested Toure that Guinea may propose new projects for financing through LOC announced during IAFS-III (India Africa Forum Summit-III).”
- The ISA, launched at the UN Conference of Parties (CoP) climate summit in Paris on November 30, 2015, by Prime Minister Narendra Modi and then French President Francois Hollande, that will be considere as the solar resource-rich countries to address their special energy needs and provide a platform to collaborate on dealing with the identified gaps through a common, agreed approach.
- The International Solar Alliance is an alliance of more than 121 countries, most of them being sunshine countries, which come either completely or partly between the Tropic of Cancer and the Tropic of Capricorn
- Membership (As of 2017): 121 nations
- Interim Director General: Mr. Upendra Tripathy (Indian)
- Founder: Narendra Modi
- Founded at: Gwal Pahari
- Budget: 47 million USD
- Purpose: Public transport
- Headquarters: Gwal Pahari, Gurugram
International Consortium of Investigative Journalists releases The Paradise Papers
- A trove of 13.4 million records has been get ties between the countries, Russia and U.S. President Donald Trump’s billionaire commerce secretary, the secret dealings of the chief fundraiser for Canadian Prime Minister Justin Trudeau and the offshore interests of the queen of England and more than 120 politicians around the world.
- He sat before the U.S. Senate Permanent Subcommittee on Investigations, which had completed an inquiry into how Apple avoided tens of billions of dollars in taxes by shifting profits into Irish subsidiaries that the subcommittee’s chairperson called “ghost companies.”
- “We pay all the taxes we owe, every single dollar,” Cook declared. “We do not depend on tax gimmicks. . . . We do not stash money on some Caribbean island.”
BANKING AND FINANCE
India to contribute USD 100 mn to UN Partnership Fund
- India has pledged an additional USD 100 million towards the UN partnership fund, significantly scaling up its support to sustainable development projects across the developing world.
- “I am happy to announce that India has now decided to significantly scale up the contribution to the fund through a multiyear contribution of USD 100 million. This contribution would be in addition to USD 10.582 million India is contributing to various other UN programmes.” Kumar said on behalf of India.
- “India believes that the UN should have the necessary resources to finance its activities, in an appropriate and balanced manner,” he said.
- “The first project from the fund is being executed in partnership with seven Pacific Island countries. The fund has since then identified 15 more projects,” he noted.
- “Of the USD 5 million India contributed to the fund this year, USD 2 million would be utilised for reconstruction in Dominica and Antigua and Barbuda, which took a big hit from hurricanes,” he said.
- Among major contributions include UNDP (USD 4.5 million), World Food Programme (USD 1.92 million Biennium 2017-18), United Nations Relief and Works Agency for Near East(USD 1.25 million), UN Women (USD 1 million), United Nations Childrens Fund (USD 862, 000).
- United Nations Population Fund (USD 500,000), United Nations Commission on Human Settlements Programme (USD 150,000), United Nations Environment Programme (USD 100,000), United Nations Office on Drugs and Crime (USD 100,000) and Voluntary Fund for Technical Co-operation (USD 200,000).
HDFC Bank makes RTGS, NEFT online transactions free
- Private lender HDFC Bank has started the online transactions through RTGS and NEFT free of cost from November 1, with an aim to promote a digital economy.
- In the starting there was the customer has to be given the Rs 25 each for Rs 2-5 lakh online transaction via RTGS and Rs 50 each for such money transfers over Rs 5 lakh. Online NEFT transactions attracted a fee of Rs 2.5 for less than Rs 10,000, Rs 5 for Rs 10,001-1 lakh and Rs 15 for above Rs 1 lakh to Rs 2 lakh.
- “The revision in NEFT/RTGS online charges is applicable across all retail savings, salary and non-resident customers effective November 1, 2017,” HDFC Bank said in a notice to customers.
- “The revision in the cheque book and cheque return charges is applicable only to non-managed resident savings and salary customers effective December 1, 2017,” read the bank notice.
- HDFC Bank Limited is an Indian banking and financial services company headquartered in Mumbai, Maharashtra
- It has 84,325 employees and has a presence in Bahrain, Hong Kong and Dubai
- HDFC Bank is India’s largest private sector lender by assets
- CEO: Aditya Puri (Sep 1994–)
- Headquarters: Mumbai
- Founded: August 1994, India
- Revenue: 743.7 billion INR (US$11 billion, 2016)
- Number of employees: 84,325 (March 2017)
- Subsidiaries: HDFC securities, Next Gen Publishing, MORE
Paytm introduces BHIM UPI for seamless money transfer
- Digital payment platform Paytm on Tuesday has started the transaction with the BHIM UPI on its platform, using which users can create their own Paytm BHIM UPI ID on the app, which will be issued by Paytm Payments Bank.
- Paytm has also started to give the tranning its five million merchant partners to create their Paytm BHIM UPI ID and accept money using the same. Merchants in this get the benifit of the many of the bank account joined with only the one Paytm BHIM UPI ID and accept money directly into their bank accounts. As per the National Payments Corporation of India (NPCI) guidelines, users can send up to Rs. 1 lakh a day using BHIM UPI; while there’s no receiving limit.
- “As a part of our journey of being a truly open payment platform, consumers and merchants should both have complete range of choices to select payment source and destination. With the availability of BHIM UPI to our large user base and merchant network, we believe the next wave of digital payments will begin soon,” said Renu Satti, MD and CEO – Paytm Payments Bank.
- By starting the transaction with the Paytm Wallet, BHIM UPI or other payment methods is part of the company’s efforts to democratise digital payments for its users and merchants and offer them more choices. This will not give the easy way to the customer for Paytm platform, but also boost business opportunities for Paytm merchants as they will be able to accept payments from a wider set of customers.
- Paytm is an Indian electronic payment and e-commerce brand based out of Delhi NCR, India
- Launched in August 2010, it is a consumer brand of parent company One97 Communications
- Customer service: 12038883888
- Founder: Vijay Shekhar Sharma
- Founded: 2010
- Parent organization: One97 Communications
- CEO: Vijay Shekhar Sharma (Dec 2010–)
- Headquarters: Noida
Science and Technology
Tata Steel sets up country’s largest coke dry quenching facility in Odisha plant
- Tata Steel has established India’s largest Coke Dry Quenching (CDQ) facility, that has the capability to handle the 200 metric tonnes per hour, in Odisha, a statement said on Monday.
- “The facility has been set up at Tata Steel’s state-of-the-art greenfield steel plant at the Kalinganagar Industrial Complex in Odisha,” the statement said.
- “As the heat, recovered by heat transfer in the cooling chamber, is utilised as the source for steam generation, electricity generated by CDQ is clean and green energy,” said the statement.
- “This environment-friendly technology would help in abating climate change by reduction in CO2 emission to the extent of 0.11-0.14 tonnes per tonne of coke and reduction in dust emission to the tune of 300-400 grams per tonne of coke. The other advantages include saving a significant amount of water which is also becoming a scarce resource,” the statement added.
- Tata Steel Limited is an Indian multinational steel-making company headquartered in Mumbai, Maharashtra, India, and a subsidiary of the Tata Group
- Founder: Jamsetji Tata
- Founded: 25 August 1907, Jamshedpur
- Headquarters: Mumbai
- CEO: T. V. Narendran (1 Nov 2013–), Karl-Ulrich Koehler (1 Oct 2010–)
- Subsidiaries: Tayo Rolls, Mjunction, British Steel Limited, MORE
- Tata Steel is the 10th-largest steel producer in the world (24.5 million tonnes).
India unveil logo, mascot and song for AIBA Youth Women’s World Boxing Championship 2017
- There has been the decide of the team has not be done but there is the Boxing Federation of India unveiled an official song, a logo, and a mascot for the first World Championship to be held in the country in over a decade, featuring close to 200 boxers from 38 countries.
- “The boxers we will see in this tournament will be the ones who will go on to represent the country in the 2020 Tokyo Olympics,” said BFI President Ajay Singh at the “official launch” of the championships, where Assam chief minister Sarbanda Sonowal was also present.
- “I can’t say how many but India will definitely be winning a good number of medals here. The girls have come along quite well,” India’s first ever foreign coach for youth women boxers, Raffaele Bergamasco, told PTI.
- “It has been my privilege to work with the BFI Creative team on the Anthem for the Women’s World Youth Boxing Championships. The challenge was to convey the message of positivity and also drive it into a catchy sing along anthem. Kunwar Juneja’s lyrics set the tone and Sunidhi Chauhan’s voice took the song to the next level. I am looking forward to the championships and hope that our anthem makes a lot of noise,” Shaan, celebrated singer and composer of the anthem, said.
- “I must thank the Chief Minister and the Government of Assam for their amazing support to this championship,” BFI president Ajay Singh said.
- “Some of India’s best boxers come from this part of our country and Assam has always been a pillar of support, graciously hosting major boxing tournaments,” he added.
AWARDS & RECOGNITION
Maya Swaminathan Sinha awarded Entrepreneur of the Year by ASSOCHAM
- ASSOCHAM (Associated Chambers of Commerce and Industry of India) on Tuesday, 31st October 2017 has been given the CMC Skills’ Founder Ms. Maya Swaminathan Sinha with the ‘Entrepreneur of the Year Award 2017’ in Ranchi. The Hon’ble Governor of Jharkhand, Smt. Draupadi Murmu, has given this award.
- “CMC Skills is working towards the Prime Minister’s vision to bring a sense of self-confidence among the poor by training them in various skill sectors, thus making them independent. Its primary focus is on imparting skills by offering variety of courses in various trade segments to increase the employability of youth,” said Sinha.
- The apex body of industry and commerce of India had organised “One Day National Summit on Leadership Cum Awards 2017” on Tuesday at Hotel BNR Chanakya, Ranchi.
- Expert panellists in different sessions were ASSOCHAM Ranchi Regional Office Director, S.K. Singh, Managing Director Hoya India Pvt. Ltd., Mukesh Sinha, HOD (Finance) Central Coalfields Limited, Sanjay Singh, VC – ICFAI University, Dr. ORS Rao, CMC Skills Pvt. Ltd., General Manager, Shailesh Shahi, IMS Ranchi University, Prof. Chinmoy Kumar, Himalayan University, VC, Dr. SP Singh.
Richard Gordon, Gemini and Apollo Astronaut, Dies at 88
- Richard Gordon, who was the great and famous for the spacewalk in a 1966 NASA mission, then orbited the moon three years later, but never achieved his dream of walking on the lunar surface, has died on Monday at his home in San Marcos, Calif., near San Diego at the age of 88 years, this is confirmed by the NASA.
- “The name of the game as far as I was concerned was to walk on the moon, and at that time I was relegated not to do that,” Mr. Gordon told a NASA interviewer in 1999 when asked if he was disappointed that he had to remain 60 miles above the lunar surface after having come so far.
- “I had a job and a function to perform,” he continued. “And I was happy for them, that they were going to get to do that.”
- Bean, in an interview on Tuesday, said, “Dick Gordon was the perfect crew member in that he was easy to get along with all the time, and no matter what happened he never got upset, through the ups and downs of training.”
- “Our understanding of spacewalking was still not good,” Chris Kraft, the director of flight operations for the mission, recalled in his 2001 memoir, “Flight.” “His strength was fading rapidly and his frustrations were growing apace. At one point, I thought he was going to have a panic attack.”
- “If anybody has any suggestions on how to run a football team, I’ll be glad to listen,” Mr. Gordon said at his introductory news conference.