8 September 2017 Current Affairs

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08 Sep, 2017

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1) Which state is poised to develop India’s first Hyperloop route, the most futuristic transport mode, as it signed an agreement with a US company on 7 September 2017? – Andhra Pradesh

Explanation: The government of Andhra Pradesh on 7 September 2017 signed a Memorandum of Understanding (MoU) with California-based Hyperloop Transportation Technologies (HTT) to develop India’s first Hyperloop route in the state.

Hyperloop is a cutting-edge technological disruption in the transportation industry. It comprises a sealed tube or system of tubes through which a pod may travel free of air resistance or friction conveying people or objects at very high speeds.

The proposed route for the Hyperloop between the city centers of Vijayawada and Amaravati could potentially turn a trip of more than one hour into a 6 minute ride. The ambitious project will use a Public Private Partnership (PPP) model with funding primarily from private investors.

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2) Scientists of which CSIR laboratory have successfully developed an artificial leaf that absorbs sunlight to generate hydrogen fuel from water, as was disclosed during September 2017? – National Chemical Laboratory (Pune)

Explanation: Scientists of Pune-based National Chemical Laboratory, a lab under the Council of Scientific and Industrial Research (CSIR), have successfully developed an artificial leaf that is capable of absorbing sunlight to generate hydrogen fuel from water. This development is important as it may provide clean energy for powering eco-friendly cars in the future.

The leaf developed by scientists is basically an ultra-thin wireless device that mimics plant leaves to produce energy using water and sunlight. The device consists of semiconductors stacked in a manner to simulate the natural leaf system.

When visible light strikes the semiconductors, electrons move in one direction, producing electric current. The current almost instantaneously splits water into hydrogen – which researchers believe is one of the cleanest forms of fuel as its main byproduct is water. The device of an area of 23 square centimetres could produce 6 litres of hydrogen fuel per hour.

National Chemical Laboratory’s research was published in the Scientific Reports, an online, open-access journal from the publishers of Nature during September 2017.

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3) On 7 September 2017, SEBI imposed Rs. 2,423 crore fine on which entity and its directors, which is the highest-ever penalty on defaulters by SEBI? – PACL Ltd

Explanation: Securities and Exchange Board of India (SEBI) on 7 September 2017 imposed Rs. 2,423 crore fine on PACL Ltd and its four directors for illegal fund mobilisation through various schemes that were used by the group to garner over Rs. 49,000 crore from the public.

While PACL group, which had collected money in the name of real estate projects among other schemes, was asked by SEBI nearly three years ago to refund Rs. 49,100 crore to the investors, the regulator has passed a fresh order to impose a monetary penalty for violation of SEBI’s Prevention of Fraudulent and Unfair Trade Practices Regulations.

This is the highest penalty ever imposed by SEBI on any alleged capital market defaulter ever. PACL was engaged in illegal mobilization of funds from public that was allegedly invested in various areas like infrastructure and real-estate projects.

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4) India’s Ministry of Power’s iconic UJALA (Unnat Jyoti by Affordable Lighting for All) Scheme was launched in which foreign country on 7 September 2017? – Malaysia

Explanation: The UJALA programme has been one of the prime achievements of Government of India in promoting and executing the concept of energy efficiency. It is a zero-subsidy programme executed by Energy Efficiency Services Limited (EESL), under Ministry of Power, Government of India. It is the world’s largest and most extensive LED distribution programme.

On 7 September 2017 UJALA Scheme was launched in the State of Melaka, Malaysia. Under this scheme, each household in Melaka will get 10 high quality 9-watt LED bulbs at a cost of only RM 10, which is a special price and is almost half of what in begin offered in the market. The initiative will have the logistical assistance and facilitation support from Green Growth Asia, which is a not for profit organization.

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5) Naval Exercise ‘SLINEX 2017’, that started from 7 September 2017 in Visakhapatnam, is a joint naval-exercise between India and – Sri Lanka

Explanation: SLINEX (Sri Lanka India Naval Exercise) are a series of biennial naval exercises between the Indian Navy and the Sri Lanka Navy. The first-ever SLINEX was held on 2005.

SLINEX 2017 is the latest edition of this joint exercise. It started near Visakhapatnam in Andhra Pradesh from 7 September 2017. It focuses on fleet work, seamanship, communication support, replenishment at sea, Visit Board Search and Seize (VBSS) operations and helicopter operations. It will conclude on 14 September 2017.

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The Swedish newspaper was recently asked it to delete the reference made by President Pranab Mukherjee to the Bofors scam in an interview to it, as a claim protested by the Indian Government on 27 May 2015. India has expressed disappointment over the disrespect shown to the President, the newspaper has defended its right to publish what was said during the interview.

Know, who is Vijay Kelkar and what is PPP !

Vijay Kelkar is a renowned economist and a former Finance Secretary. He was appointed head of newly constituted committee to give recommendations to recast the model of Public-Private-Partnership (PPP) model in India. India is one of the largest PPP market with over 900 projects. The Kelkar committee will review the PPP policy, suggest a better risk-sharing mechanism between private developers and the government after analysing such projects.

Know, who is Yaduveer Krishnadatta Chamaraja Wadiyar !

Yaduveer Krishnadatta Chamaraja Wadiyar was crowned as the new Maharaja of of Mysuru (Mysore) royal family. He is the 23-year old grandson of Princess Gayathri Devi, who was the eldest daughter of the last Maharaja of Mysore, Sri Jayachamarajendra Wadiyar. The coronation was held at Mysuru’s famous Amba Vilas Palace, which was decked up for the occasion.

Know about Sepp Blatter!

Swpp Blatter, was re-elected as FIFA president for a fifth term at the 65th Annual Congress of FIFA held at Zurich for four year term.

Prince Ali bin al-Hussein of Jordan stood against Blatter in this election. It is worth mentioning that FIFA is going through a major controversy regarding corruption in the organisation with two FIFA vice presidents and a recently elected FIFA executive committee member still in custody.

 


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