Current Affairs Sep.02, 2015

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01.4000 MW Thermal Plant in Tamilnadu 4,000 MW Thermal plant coming up at a cost of Rs.24,000 Crore Ramanathapuram , Tamil Nadu. Tamilnadu has planned for an additional capacity of 20,000 MW in the “Vision 2023” document.

02.Kolkatta Port has been adjudged “Major Port of the year” Kolkatta Port has been adjudged “Major Port of the year” among 12 major ports in India for the year 2014-15. Impressive growth rate in volumes, optimizing capacity unitilsation, growth in output per berth and customer satisfaction are parameters for judgement. It had a growth of 23% against 5.8% growth by all remaining

03.FPI take out a record RS.17,000 cr in Aug 2015 from Indian Equity Market:
Foreign Portfolio Investors (FPI) have pulled out a record over Rs.17,000 crore from Indian Equity Market during August 2015..

04.RBI proposes formula to calculate Base Rate for Banks: To bring uniformity among banks for calculation of base rate and for effective transmission of policy rates, RBI has proposed a formula to calculate Base Rate for lending. Implementation would be from 01-04-2016.

05.China’s Jack Ma spreads his wings Jack Ma’s Alibaba group, an e-commerce giant, is expanding its hi-tech footprint to cover satellite navigation and quantum computing. Alibaba Group Holding Ltd in partnership with North Industries Group Corp or Norinco,a military industry heavy weight, has formed a joint venture company, with a tie-up with BeiDou Navigation Satellite system.

06. FPI take out a record RS.17,000 cr in Aug 2015 from Indian Equity Market.Foreign Portfolio Investors (FPI) have pulled out a record over Rs.17,000 crore from Indian EquityMarket during August 2015.

07. RBI proposes formula to calculate Base Rate for BanksTo bring uniformity among banks for calculation of base rate and for effective transmission of policy rates, RBI has proposed a formula to calculate Base Rate for lending. Implementation would be from 01-04-2016.

08.LtCol.Mittal moves court for permanent job Lt Col Mittal Madhumitta moves court for permanent job. She is the first female army officer who was given gallantry award for her bravery act during the 2008 fidayeen attack at the Indian embassy in Afganisthan.

09.New Rs.1,000 notes with more security features comingRBI would soon start issuing new Rs1,000 notes with enhanced security features. These notes would come with the rupee symbol and inset letter ‘L’ with numerals in ascending size in number panels.

10. No quota for disabled in promotion, says SC:The Supreme Court of India, while clarifying its earlier verdict stated that differently abled persons can claim benefit of reservation in government jobs only at the time of appointment and cannot get the affirmative policy in promotion.