Current Affairs For Bank, IBPS Exams - 20 January, 2014
Current Affairs For Bank, IBPS Exams
20 January 2014
CBM gas production
Reliance Industries Ltd (RIL) plans to start production
of natural gas from coal seams, called coal-bed methane (CBM), in Madhya
Pradesh from 2015-16.
In a presentation to analysts post Q3 earnings
announcement, RIL said first gas from its Sohagpur CBM blocks in Madhya
Pradesh is "targeted by FY16."
It plans to produce 3.5 million standard cubic meters per
day of gas from the two Sohagpur blocks.
RIL holds 3 CBM blocks -- Sohagpur (East) and Sohagpur
(West) in Madhya Pradesh and Sonhat in Chattisgarh. RIL has drilled over 40
crore holes on the 500 square kilometer
The process for acquiring land for well sites, market
assessment & infrastructure for evacuation and transportation of gas has
The pipeline will have a capacity to transport 4.3
million standard cubic metres per day (mmscmd) of gas, including 0.875
mmscmd capacity that will be available for any third party for open access
on non-discriminatory basis.
The pipeline will travel from Shahdol to
JaysingNagar-Beohari- Gurh and culminate at Phulpur.
Sameer Goel: Cipla India Head
Drug major Cipla has announced the appointment of Sameer
Goel as Country Head - India,. Goel, who comes to Cipla from GlaxoSmithKline
(GSK), will be reporting to company's Managing Director and Global CEO
Goel, in his last assignment, led a USD 0.4 billion
business based out of Johannesburg, with responsibility for 44 markets in
Sub-Saharan Africa. In his last India-based role at GSK, he led the sales
team comprising 4,500 direct and indirect field executives.
China grows 7.7 per cent in 2013
China's economy grew 7.7 per cent in 2013, the lowest in
14 years, with tapering growth in the last quarter underlining the
challenges faced by the world's second-largest economy as it grapples with
rebalancing and reviving a slowing down economy.
This marks the slowest growth since 1999, when China grew
7.6 per cent. The previous decade saw record double-digit growth, with the
country defying the global slowdown to grow 10.4 per cent in 2010 as it
unveiled a massive $ 586 billion stimulus.
Growth slowed in the fourth quarter to 7.7 per cent, down
from 7.8 per cent in the previous quarter. This brought annual growth to 7.7
per cent, down from last year's 7.8 per cent.
Ma Jiantang, head of the National Bureau of Statistics (NBS),
attributed the slower growth to a “complex and severe situation” at home and
abroad, as he announced last year's data.
Data showed the government had made modest progress in
its goal of transforming the State-led investment model and boosting
domestic consumption, services and innovation industries.
Sharapova’s early exit in Australian Open
Third-seeded Maria Sharapova has been eliminated in the fourth round of
the Australian Open, losing 3-6, 6-4, 6-1 to Dominika Cibulkova in the
second major upset in 24 hours on Rod Laver Arena.
Sharapova struggled with her serve, hitting seven double-faults in the
third set, and needed an off-court medical time out after the second set for
what appeared to be a lower back problem.
The four-time major winner was two tournaments into a comeback from a
prolonged layoff with a right shoulder injury.
Top-ranked Serena Williams was knocked out in the fourth round in a
three-set loss to 14th-seeded Ana Ivanovic.
Chong Wei to retire
World number one Datuk Lee Chong Wei may hang up his badminton racquet
at the end of this year, if his performance is not at its best.
The national badminton champion said fatigue and personal problems were
the main reasons prompting him to voice his intention to retire this year.
Chong Wei started his career at 18, and among his greatest achievements
was winning the silver medal at the 2012 Olympic Games in London.