Current Affairs, News & Facts of 24 Jul 2015

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  • 7 Indian firms in world's 500 largest companies as per Fortune Magazine 


    According to a list compiled by Fortune Global Magazine seven Indian companies, including Reliance Industries and Tata Motors, are among the world’s 500 largest companies.In the Fortune Global Magazine companies are ranked by total revenues for their respective fiscal year ended on or before March 31, 2015.Revenue figures include consolidated subsidiaries and reported revenues from discontinued operations, but exclude excise taxes. The seven indian companies as per Fortune Magazine are :-

    • Indian Oil ranked 119 on the list, with revenues of about USD 74 billion
    • Reliance Industries ranked 158 with revenues of USD 62 billion
    • Tata Motors ranked 254 with revenues of USD 42 billion 
    • State Bank of India ranked 260 with revenues of USD 42 billion
    • Bharat Petroleum ranked 280 with revenues of USD 40 billion
    • Hindustan Petroleum ranked 327 with revenues of USD 35 billion 
    • Oil and Natural Gas ranked 449 with revenues of USD 26 billion

    Top 5 companies of the world as per Fortune Magazine :-

    1. Walmart on the first spot
    2. China based Sinopec Group
    3. Netherlands- based Royal Dutch Shell 
    4. China National Petroleum 
    5. Exxon Mobil 

    United States has 128 of the 500 global companies that including Apple (15), JP Morgan Chase (61), IBM (82), Microsoft (95), Google (124), Pepsi (141), Intel (182) and Goldman Sachs (278).

    China has approximately 100 companies on the list, including Bank of China (45), China Railway Engineering (71) and China Development Bank (87).

    It should be noted that Indian Oil, Reliance, Bharat Petroleum, Hindustan Petroleum, and Oil and Natural Gas slipped in rankings from the previous year, Tata Motors and SBI improved in rankings.


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  • India earns USD 100 million  (Rs 637.35 Crore)  by launching 45 foreign commercial satellites


    • India has earned nearly USD 100 million  (Rs 637.35 Crore) in revenue by launching 45 foreign commercial satellites from 19 countries.
    • It should be noted that India's commercial space missions is poised to grow with another 28 foreign satellites planned to be put into orbit between 2015 and 2017.
    • Union Science and Technology Minister Jitendra Singh provided the revenue details earned by Antrix - the commercial arm of ISRO - from launching foreign satellites into orbit.
    • According to Mr. Singh Antrix has signed agreements for launching 28 satellites of six countries — Algeria, Canada, Germany, Indonesia, Singapore and the US during 2015-17.
    • Till date  45 satellites from 19 countries have been launched by the ISRO and the income generated through this amounts to around 17 million USD and 78.5 million Euros(85 million USD)
    • According to Mr. Singh government has sanctioned 15 smaller PSLV launchers worth Rs 3,090 crore which would be built during 2017-2020.


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  • Conakry named as World Book Capital for 2017 by UNESCO


    Conakry, the Capital city of the Republic of Guinea has been named as the World Book Capital for 2017 by United Nations Organization for Education, Science and Culture (UNESCO).

    This makes Conakry the 17th city in the World to be designated as World Book Capital. In the year 2003 New Delhi was selected as the World Book Capital

    World Book Capital

    • The title of " World Book Capital  " is bestowed by UNESCO in an annual event  to any city of the world in recognition of the quality of its programs to promote books and reading and the dedication of all players in the book industry.
    • The designation of " World Book Capital" runs for 1 year starting from UNESCO’s World Book and Copyright Day (April 23) till April 22 of the following year.
    • Madrid which is the dcapital of spain was the first city to be recognised as World Book Capital in 2001


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  • India ranks at 12th position in terms of power generation from nuclear source


    • According to the data published in May 2015, by Power Reactor Information System (PRIS) of International Atomic Energy Agency (IAEA), India ranked at 12th position in terms of power generation.However, it stood at 6th position in terms of number of reactors in operation country- wise, globally. 
    • It should noted that there are thirty one countries including India in the world which generate electricity from nuclear source. 

    Nuclear Power in India 

    • The current installed nuclear power capacity of India is 5780 MW, which is expected to increase to 10080 MW on progressive completion of various projects that are under construction.
    • Gorakhpur Haryana Anu Vidyut Pariyojana (GHAVP) Units – 1&2 (2X700 MW) and Kudankulam Units- 3&4 (2X1000 MW) with a total capacity of 3400 MW have been accorded financial sanction and administrative approval 
    • One Prototype Fast Breeder Reactor of 500 MW capacity at Kalpakkam, Tamil Nadu is at advanced stage of commissioning. Construction of two more Fast Breeder Reactors (FBR 1&2) of 600 MW capacity each at Kalpakkam, Tamil Nadu is also planned

    Nuclear agreements 

    • India has signed Nuclear agreements with USA, France, Russia, Namibia, Mongolia, Republic of Korea, Argentine Republic, United Kingdom, Republic of Kazakhstan, Canada, Sri Lanka and Australia
    • India is open to negotiation with other friendly countries who seem to have potential to make contribution to India’s nuclear energy programme


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  • National Broadcasting Day observed across the country 


    • National Broadcasting Day was observed on 23 July 2015 across the country. It is on this day in 1927, the Indian Broadcasting Company started radio broadcasting from Bombay station.
    • To mark the day, All India Radio (AIR) organized a symposium on the subject Creation of New India and Broadcasting Medium in New Delhi.
    • Colonel Rajyavardhan Singh Rathore, the Minister of State for Information and Broadcasting, speaking at the symposium, highlighted the role of Prasar Bharati in taking news of public interest to the length and breadth of the country and said that government is committed to the autonomy of Prasar Bharati.
    • Broadcasting in India began in July 1923 with programmes by the Radio Club of Mumbai. According to an agreement of 23 July 1927, the private Indian Broadcasting Company LTD (IBC) was authorized to operate two radio stations; the Mumbai station began on 23 July 1927, and the Calcutta station followed on 26 August 1927.


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  • World's first Malaria vaccine gets go-ahead from EU regulators


    • The world's first malaria vaccine made by GlaxoSmithKline, has been approved by the European Medicines Agency  for use in Africa from October after final trial data showed it offered partial protection for up to four years.
    •  European drugs regulators  recommended that the drug should be licensed for use in babies in Africa at risk of the mosquito-borne disease.
    • The  vaccination, named Mosquirix, has been developed by British drugmaker GlaxoSmithKline in partnership with the PATH Malaria Vaccine Initiative and it would be  first licensed human vaccine against a parasitic disease 
    • In January 2001, GlaxoSmithKline and PATH  entered into a public-private partnership to develop a vaccine against malaria with grant from the Bill & Melinda Gates Foundation to PATH.
    • Malaria killed an estimated 584,000 people in 2013, the vast majority of them in sub-Saharan Africa. More than 80 per cent of malaria deaths are in children under the age of five.
    • Mosquirix has been designed specifically to combat malaria infection in children in Africa and will not be licensed for travellers


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  • NASA discovers Earth-like planet 


    • NASA's powerful Kepler telescope have found a planet beyond the solar system that is very similar to Earth it can be said as "Earth's bigger, older cousin"
    • This planet has been named as Kepler-452b  is about 60 per cent bigger than Earth, is located about 1,400 light years away in the constellation Cygnus
    • Kepler-452b is located in its star's habitable zone  the region where life-sustaining liquid water is possible on the surface of a planet.A visitor there would experience gravity about twice that of Earth's
    • Kepler-452b, orbits a parent star which belongs to the same class as the Sun but it is just 4% more massive and 10% brighter tha Sun
    • Kepler-452b takes 385 days to complete a full circuit of this star, so its orbital period is 5% longer than Earth's.
    • In 2017, NASA plans to launch a planet-hunting satellite called TESS that will be able to provide scientists with more detail on the size, mass and atmospheres of planets circling distant stars.


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