Current Affairs For Bank, IBPS Exams - 27 June, 2014

Current Affairs For Bank, IBPS Exams

Oil and Natural Gas Corp (ONGC) said it would invest over Rs.5,700 crore in re-development of its giant Mumbai High (North) oil and gas field off the west coast. The project will yield an incremental 6.997 million tonnes of crude oil and 5.253 billion cubic metres of gas by 2030, the company said in a statement here.
The board of ONGC approved the proposal for re-development of its giant offshore field, Mumbai High (North), involving a capital investment of Rs.5,706.47 crore, including foreign exchange component of Rs.4,421.76 crore.
The project is designed to carry forward the success of the previous two editions of re-development projects of the fields that were discovered four decades ago. This will give a new lease of life to the giant field.

North Korea announced the successful test of a new high-precision, tactical guided missile, as its Army threatened a “devastating” retaliation against South Korea for carrying out live fire drills near their maritime border.
The launch of the “cutting-edge” missile was watched by North Korean leader Kim Jong-Un, according to the North’s official KCNA news agency, which hailed the test as a “breakthrough” in national defence capability.

Sixth-seeded Saina Nehwal beat Eriko Hirose of Japan 21-18, 21-9 in 47 minutes to enter the women’s singles semifinals of the $750,000 Star Australian Super Series.
However, eighth-seeded P.V. Sindhu failed to cross the quarterfinal hurdle losing 21-17, 21-17 to Carolina Marin of Spain.
Saina will take on World No. 2 Shixian Wang of China.Saina enjoys a 4-3 record against the two-time All England champion.

Ahead of the general budget next month, the National Association of Software and Services Companies (Nasscom), called for a Rs.500-crore fund for the holistic development of the IT industry.
The industry body also volunteered to facilitate the mission, which was aimed at nurturing technical entrepreneurship, skill development, improving infrastructure and attracting as well as retaining talent in the country.
Making the announcement at a press briefing during the Nasscom Big Data and Analytics Summit 2014 held here, Nasscom President R. Chandrashekhar said a set of recommendations had already been sent to the government.