Daily GK updated :: 24th December 2015



National News
North India's first cable bridge inaugurated at Basohali town of J&K
                                          
Daily GK updated :: 24th December 2015
Daily GK updated :: 24th December 2015
The Basohali town which is located in Kathua district of Jammu and Kashmir was in news on 24 December 2015 as the Union Defence Minister Manohar Parrikar dedicated the first cable-stayed bridge of North India to the nation.The 592-metre bridge was constructed over river Ravi on Dunera- Basohli-Bhadharwah road. It would provide close connectivity between three northern states of Jammu and Kashmir, Himachal Pradesh and Punjab. It is fourth of its kind in India and first in North India and Jammu and Kashmir. It was constructed by Border Roads Organization (BRO) at a cost of 145 crore rupees. The work on the cable stay bridge of the state was started in May 2011 and its completion is expected to boost the connectivity and tourism in the area.

India’s first indigenously designed & built warship INS Godavari decommissioned
                         
Daily GK updated :: 24th December 2015
Daily GK updated :: 24th December 2015
India’s first indigenously designed and built warship Indian Navy Service (INS) Godavari was on 23 December 2015 decommissioned in Naval Dockyard Mumbai. It was commissioned into the Navy on 10 December 1983.With her decommissioning, INS Godavari (F-20) will complete its full life cycle, meeting all responsibilities and duties assigned, proving the success of Indian ship design and construction. It was the lead ship of her class of three guided-missile frigates of the Indian Navy. The other two warships are INS Ganga and INS Gomati.Godavari class frigates were armed with potent surface to surface and surface to air guided missiles. She was also among of the first frigates in the world capable of carrying two Sea King helicopters (well known as the ‘Flying Frigate’, because of its integral firepower and sensor suite). Over the 32 years of the service, it was successfully deployed in numerous operations.

Bihar Government banned 15-year-old diesel vehicles from plying on Patna roads
                                       
Daily GK updated :: 24th December 2015
Daily GK updated :: 24th December 2015
Bihar government on 23 December 2015 banned 15-year-old diesel vehicles from plying in the Capital, Patna. The decision was taken in view of increasing pollution.The decision was made during the review meeting of the environment and forests department under the chairmanship of Chief Minister Nitish Kumar. The execution was pending since October 2013, when the state transport authority had reached a decision regarding this.The Chief Minister also instructed State Machinery to chalk-out a plan to control pollution. He said there will also be restriction on burning of plastic and solid waste.
Lok Sabha passed The Payment of Bonus (Amendment) Bill, 2015
                           
Daily GK updated :: 24th December 2015
Daily GK updated :: 24th December 2015
The Lok Sabha on 22 December 2015 passed The Payment of Bonus (Amendment) Bill, 2015. The Bill will allow doubling of wage ceiling for calculating bonus of factory workers.The Bill seeks to amend the Payment of Bonus Act, 1965. The Bill 2015 was introduced in Lok Sabha on 7 December 2015. It seeks to raise the eligibility limit for payment of bonus from a salary of 10000 rupees to 21000 rupees a month.It seeks to raise this calculation ceiling of bonus to 7000 rupees per month or as per the minimum wage notified for the employment under the Minimum Wages Act, 1948 (whichever is higher).

International news

OPEC released 2015 OPEC World Oil Outlook
                      
Daily GK updated :: 24th December 2015
Daily GK updated :: 24th December 2015
The Organization of the Petroleum Exporting Countries (OPEC) on 23 December 2015 released the 2015 OPEC World Oil Outlook (WOO). First published in 2007, the WOO offers a thorough review and assessment of various scenarios related to the medium and long-term development of the upstream and downstream sectors of the oil industry.As per the report, oil and gas, combined, are expected to supply around 53 percent of the global energy demand by 2040. Global energy demand is set to increase by almost 50 percent in the period to 2040, with the overall energy mix continuing to be led by fossil fuels at almost 78 percent.Medium-term oil demand is revised upward, compared to the WOO 2014, rising above 97 million barrels a day (mb/d) by 2020. Oil demand is projected to be at 110 mb/d by 2040.

Indian American Rakesh K Jain selected for US National Medal of Science 2015
                                
Daily GK updated :: 24th December 2015
Daily GK updated :: 24th December 2015
Indian American professor Rakesh K Jain was on 22 December 2015 selected for the National Medal of Science 2015 of United States (US). Jain is a professor at Harvard Medical School and Director of the Tumour Biology Laboratory at Massachusetts General Hospital. He will receive the honour along with 16 other winners of the National Medal of Science and National Medal of Technology and Innovation at a White House ceremony in 2016. Professor Jain holds a B.Tech degree in Chemical Engineering from the Indian Institute of Technology- Kanpur.Prof. Jain is regarded as a pioneer in the area of tumour micro-environment and widely recognized for his seminal discoveries in tumour biology, drug delivery, in vivo imaging and bioengineering. His work includes uncovering the barriers to the delivery and efficacy of molecular and nano-medicines in tumours and developing new strategies to overcome these barriers.

Appointment

Gautam H Bambawale appointed as India's High Commissioner to Pakistan
                       
Daily GK updated :: 24th December 2015
Daily GK updated :: 24th December 2015
 Gautam H Bambawale was on 23 December 2015 appointed as the High Commissioner of India to the Islamic Republic of Pakistan. He is presently serving as the Indian ambassador to Bhutan.Bambawale will succeed TCA Raghavan, who will retire at the end of December 2015.Bambawale is an Indian Foreign Service officer of 1984 batch. Before serving in Bhutan, he was the Joint Secretary (East Asia) in the Union Foreign Ministry Headquarters from December 2009 to July 2014.In the past, Bambawale has worked in Germany, US and China. He became the first Consul General of India in Guangzhou, China, in 2007.

UN adopted resolution to observe 5 November as World Tsunami Awareness Day
                      
Daily GK updated :: 24th December 2015
Daily GK updated :: 24th December 2015
 The United Nations General Assembly on 22 December 2015 adopted a resolution to observe 5 November every year as World Tsunami Awareness Day. The creation of the day is aimed at raising awareness among people in the world of the dangers of tsunami and stressing the importance of early warning systems in order to mitigate damage.The proposal was first suggested by the Japanese Government after the Third UN Conference on Disaster Risk Reduction held in Sendai, Japan in March 2015.Japan suffered heavy losses as a result of tsunamis, most recently the Great East Japan Earthquake and Tsunami of 11 March 2011. It claimed over 15000 lives, disrupted the nuclear power industry and left many thousands homeless.

Business

RBI extended deadline to exchange pre-2005 notes to 30 June 2016
                              
Daily GK updated :: 24th December 2015
Daily GK updated :: 24th December 2015
The Reserve Bank of India on 23 December 2015 extended the deadline for exchanging pre-2005 currency notes of various denominations by another six months to 30 June 2016. The decision to extend the deadline was notified by the apex bank in a statement issued in Mumbai.RBI in an official statement said that the notes can be exchanged for their full value. It has also clarified that all such notes continue to remain legal tender. Soliciting cooperation from members of public in withdrawing these banknotes, it also urged them to deposit the old design notes in their bank accounts or exchange them at a bank branch convenient to them.

Idea became third mobile operator to launch 4G services in India
                     
Daily GK updated :: 24th December 2015
Daily GK updated :: 24th December 2015
Idea Cellular on 23 December 2015 became the third mobile operator in India to launch 4G services in India. Earlier, Bharti Airtel and Vodafone India had launched 4G services in India.Idea, the third largest mobile operator in terms of revenue and subscriber base, launched the 4G services across 75 towns in the 4 telecom circles of South India, namely Andhra Pradesh & Telangana, Karnataka, Kerala and Tamil Nadu.Idea customers with 4G devices in these 75 towns can now start experiencing superfast speeds by simply upgrading their existing SIM cards to new 4G SIM cards.

Biocon launched generic version of hepatitis-C drug Harvoni in India
                       
Daily GK updated :: 24th December 2015
Daily GK updated :: 24th December 2015
Biocon Limited on 24 December 2015 launched the generic version of hepatitis – C drug in the Indian market. The generic version of the drug named Harvoni will be sold under the brand name CIMIVIR-L. The generic drug Harvoni is an improved version of Gilead’s hepatitis-C drug Sovaldi or sofosbuvir and will come in fixed-dose combination of ledipasvir-sofosbuvir of 90mg and 400mg, respectively.The sale of ledipasvir-sofosbuvir combination was recently approved by the Drugs Controller General of India (DCGI), which is being manufactured in India under a license from Gilead.



Daily GK updated :: 24th December 2015 Daily GK updated :: 24th December 2015 Reviewed by SSC-IBPS on 21:00:00 Rating: 5
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