Current Affairs For Bank, IBPS Exams - 29 August, 2015

Current Affairs for BANK, IBPS Exams

29 August 2015

:: National ::

15% of India’s power by 2030 to be green, says NITI Aayog

The National Institution for Transforming India (NITI) Aayog has told the environment ministry that renewable sources can make up at least 15% of India’s energy mix by 2030 if present policies are given a push.
This analysis was done as part of the government’s strategy to enumerate India’s climate action plan to be submitted to United Nations.
The action plan, called Intended Nationally Determined Contributions (INDCs), is awaiting Cabinet approval and is expected to be made in the first week of September.
Environment minister Prakash Javadekar had said that India’s submission to the UN will be the most exhaustive, covering all crucial climate change areas — mitigation, adaption, finance, technology.
As energy is the most important component of the INDCs, the NITI Aayog has conducted a detailed analysis of the futuristic energy needs depending on different scenarios.
The analysis shows it would be a big leap for India as renewable energy currently contributes to less than 6% of the country’s energy mix.
Prime Minister Narendra Modi has announced setting up a green power capacity of 175 gigawatts (GW) by 2022 to ensure every household gets adequate power.
India’s power demand by 2030 is expected to be about 10 lakh MW.
According to the panel, the biggest contributors to enhanced green power will be solar and wind energy, contributing about 70% to total power generation by renewable, followed by nuclear energy.
India plans to generate 20,000 MW of power from nuclear energy by 2030, when renewable is expected to contribute 2,00,000 MW of energy.

:: Business ::

Anil Ambani to set up Rs 6,500 crore aerospace project in Nagpur

Anil Ambani-led Reliance Group announced an investment worth Rs 6,500 crore to set up a greenfield aerospace project in 289 acres of land in Nagpur's ambitious Mihan SEZ.
Maharashtra chief minister Devendra Fadnavis handed over the land allotment letter at a ceremony in Nagpur to Anil Ambani, the chairman of Reliance group for its defence arm - the Reliance Aerostructure Ltd. Union minister and parliamentarian from Nagpur, Nitin Gadkari was also present on the occasion.
Reliance Group plans to build Dhirubhai Ambani Aerospace Park (DAAP) in Mihan, a site which was selected after extensive survey of sites in various states.

:: Miscellaneous ::

Raghuram Rajan Says RBI Is in an ‘Accommodative’ Policy Phase

The Reserve Bank of India is in an accommodative phase of monetary policy, meaning it is looking to reduce interest rates, RBI Gov. Raghuram Rajan said.
The central bank is watching economic data to see whether there will be an opportunity to reduce interest rates further after cutting them three times in recent months, he said in an interview with The Wall Street Journal on the sidelines of the Federal Reserve Bank of Kansas City’s annual economic symposium.
Mr. Rajan also addressed developments in China and the U.S., saying he was caught by surprise like many other central bankers by China’s decision to devalue its currency and that the Federal Reserve should proceed with planned interest-rate increases once global financial markets settle.

:: Sports ::

Sania Mirza gets Rajiv Gandhi Khel Ratna award

Tennis star Sania Mirza, who won the Wimbledon women's doubles title recently, was on Saturday conferred with the Rajiv Gandhi Khel Ratna award.
Mirza became the second tennis player to receive the country's highest sporting honour after Leander Paes.
President Pranab Mukherjee presented the National Sports Awards for 2014-15 at the Rashtrapati Bhavan.
Currently ranked the World No. 1 tennis doubles player in the women's category, Mirza on Friday expressed her happiness at receiving the Rajiv Gandhi Khel Ratna and dedicated it to her family and to India.
The World No. 1 also extended her gratitude to the Indian government and the sports ministry for nominating her for the award.
The Arjuna awardees received statuettes, certificates and an award money of Rs.5 lakh each.
The officially announced winners for the Dronacharya award 2015 are: Coach Anoop Singh for wrestling, Harbans Singh for athletics, Swatantar Raj Singh for boxing, Nihar Ameen for swimming and Naval Singh for athletics - para-sports.
The Dhyan Chand award for lifetime achievement was announced for Shiv Prakash Misra.
The award to Mirza came after the Karnataka high court on Wednesday issued a notice to the sports ministry for naming the ace tennis star for the coveted award.
Sania is the second tennis player to be named for the top award after Leander Paes, who was bestowed the honour in 1996 after he won the bronze medal in the 1996 Atlanta Olympics in the US.

Mo Farah faster than Usain Bolt, escapes Segway cameraman scare during victory lap at World Championships

After winning the 5000 metre gold medal in Beijing on Saturday, British sensation Mo Farah had to keep his eyes wide open.
During the victory lap, Farah avoided the Segway cameraman who knocked Usain Bolt's feet on Friday at the World Championships in Beijing.
The Segway cameraman Tao Song was back on his automated walking gadget and chased Farah around the track after his win.
Thankfully, Farah finished his lap of honour without having a trouble.
Farah stormed to victory in the 5,000 metres on Saturday to secure an unprecedented third successive distance double at major global championships.
The 32-year-old Olympic champion, who won the 10,000m in Beijing last weekend, clocked 13 minutes 50.38 seconds to win his third straight 5,000 metres world title, which was also a record.