Saturday 24 August 2013

India is now world's third largest in internet usage
   India surpassed Japan to become the third largest internet user after China and USA.

Nicaragua wants India to join mega canal project
  

Nicaragua wants to involve Indian businessmen in a $40-billion project to connect the Pacific and Atlantic Oceans by a mammoth canal. The project has been awarded to a Chinese entrepreneur and will be longer than the Panama Canal, but some doubt if it will ever be completed.

The canal faces opposition from environmentalists as it will cut across a major freshwater lake. It is likely to be used by super large tankers carrying shale gas to Asian markets and India is among those countries that could get gas from the U.S.

  Cause for nosediving of Rupee against Dollar
  India,however is not the only country suffering from weak currency.The emerging economies like  Brazil, Indonesia, Russia, Turkey and South Africa are also witnessing a huge currency volatility.
What are the causes for depreciation of Rupee?
1)Domestic causes
2)Global  causes
Domestic cause
(i)High Current account deficit
(ii)Growth concerns
Global causes
(i)  the recovery in the US economy is expected to prompt the central bank there to end the loose monetary policy by the year end. Anticipating this, foreign investors are pulling out their money from India to invest it back in the US, which is resulting in a scarcity of dollars in India. This is not India specific. All emerging market currencies are witnessing a similar capital flight. US recovery is also boosting the dollar strength.




Thursday 22 August 2013

Japan on 21-08-2013 (Wednesday) has raised the alert from level one which indicates an anomaly.It was done following 300 tonnes of radioactive water leak from a tank in crippled Fukushima Plant.

What is INES and the alert levels?
The International Nuclear and Radiological Event Scale (INES) was introduced in 1990 by the International Atomic Energy Agency (IAEA) in order to enable prompt communication of safety-significant information in case of nuclear accidents.
The scale is intended to be logarithmic, each increasing level represents an accident approximately ten times more severe than the previous level.
There are seven nonzero levels on the INES scale: three incident-levels and four accident-levels. There is also a level 0.
INES en.svg
Level 7: Major accident

Major release of radio­active ­material with widespread health and environmental effects requiring implementation of planned and extended –countermeasures. There have been two such events to date
Chernobyl disaster, 26 April 1986.
Fukushima Daiichi nuclear disaster, a series of events beginning on 11 March 2011.

Level 6: Serious accident

Impact on people and environment
Significant release of radioactive material likely to require implementation of planned countermeasures.
There has been only one such event to date:
Kyshtym disaster at Mayak Chemical Combine (MCC.) Soviet Union, 29 September 1957.

Level 5: Accident with wider consequences

Impact on people and environment
Limited release of radioactive ­material likely to require i­mplementation of some planned­ countermeasures.
Several deaths from ­radiation.
Impact on radiological barriers and control
Severe damage to reactor core.
Release of large quantities of radioactive material within an installation with a high probability of significant public exposure. This could arise from a major criticality accident or fire.
Examples:
Windscale fire (United Kingdom), 10 October 1957
Three Mile Island accident near Harrisburg, Pennsylvania (United States), 28 March 1979
First Chalk River accident,[9][10] Chalk River, Ontario (Canada), 12 December 1952. 
Goiânia accident (Brazil), 13 September 1987.
Level 4: Accident with local consequences
Impact on people and environment
Minor release of radioactive material unlikely to result in implementation of planned countermeasures other than local food controls.
At least one death from radiation.
Impact on radiological barriers and control
Fuel melt or damage to fuel ­resulting in more than 0.1% release of core inventory.
Release of significant quantities of radioactive material within an installation with a high ­probability of significant public exposure.
Examples:
Sellafield (United Kingdom) – five incidents 1955 to 1979
Tokaimura nuclear accident (Japan) – 1999
Level 3: Serious incident
Impact on people and environment
Exposure in excess of ten times the statutory annual limit for workers.
Non-lethal deterministic health effect (e.g., burns) from radiation.
Impact on radiological barriers and control
Exposure rates of more than 1 Sv/h in an operating area.
Severe contamination in an area not expected by design, with a low probability of ­significant public exposure.
Impact on defence-in-depth
Near accident at a nuclear power plant with no safety provisions remaining.
Lost or stolen highly radioactive sealed source.
Misdelivered highly radioactive sealed source without adequate procedures in place to handle it.
Examples:
Paks Nuclear Power Plant (Hungary), 2003;
Level 2: Incident
Impact on people and environment
Exposure of a member of the public in excess of 10 mSv.
Exposure of a worker in excess of the statutory annual limits.
Impact on radiological barriers and control
Radiation levels in an operating area of more than 50 mSv/h.
Significant contamination within the facility into an area not expected by design.
Impact on defence-in-depth
Significant failures in safety ­provisions but with no actual ­consequences.
Found highly radioactive sealed orphan source, device or transport package with safety provisions intact.
Inadequate packaging of a highly radioactive sealed source.
Examples:
·         Blayais Nuclear Power Plant flood (France) December 1999

    Shika Nuclear Power Plant (Japan) 1999
Level 1: Anomaly
Impact on defence-in-depth
Overexposure of a member of the public in excess of statutory ­annual limits.
Minor problems with safety components with significant defence-in-depth remaining.
Low activity lost or stolen radioactive source, device or transport package.
(Arrangements for reporting minor events to the public differ from country to country. It is difficult to ensure precise consistency in rating events between INES Level-1 and Below scale/Level-0)
Examples:
Penly (Seine-Maritime, France) 5 April 2012
Gravelines (Nord, France), 8 August 2009
Level 0: Deviation
No safety significance.
Examples:
4 June 2008: Krško, Slovenia
17 December 2006, Atucha, Argentina: Reactor shutdown due to tritium increase in reactor compartment



Sunday 18 August 2013

Persons in News
 Hasan Rousani         - President of Iran
 Hazem Al Beblawi   - PM of Egypt
 Truong Tan Sang      - President of Vietnam
Economy
 At present India has seven and half months of Imports.So, India is not in imminent danger like the  Economic crisis of 1991.

**

Polio outbreak in Somalia 

The U.N.’s humanitarian affairs office says a polio outbreak in 

Somalia is spreading.

The U.N. said Friday that Somalia has 105 confirmed cases of polio,

 with another 10 cases confirmed in neighbouring Kenya.

The U.N. says five children have suffered paralysis from the virus, a

 fact that indicates that there are probably thousands more children

 with the virus who do not have symptoms.

Somalia was removed from the list of endemic polio countries in 

2001, but this year’s outbreak is the second since then.

Hence,currently Pakistan Afghanistan, Nigeria and now Somalia 

are Endemic to polio.








Thursday 15 August 2013

INS SINDHURAKSHAK TRAGEDY
              Series of blast sinks Navy's Kilo class INS Sindhurakshak at the naval dockyard in Mumbai.
Sindhurakshak was refitted at Zvezdochka in Russia only two years back.
PROJECT 75
              India's Submarine programme
LATEST MEASURES TO CONTROL THE CAD
              The Government and the RBI stepped in with further measures to control the burgeoning CAD and to defend the rupee.
a)RBI clamped down on capital outflow with tighter investments and remittance limits abroad for companies and individuals.
(i)RBI reduced the limit for overseas investment through the automatic route by an Indian company from 400 per cent to 100 per cent of the company's net worth.
(ii)In case of individuals limit under the liberalised remittance scheme(LRS)has now been brought down to $75,000 a year from $2,00,000.
(iii)RBI raised the interest rates on FCNR(Foreigh currenct non-resident)deposits.
b)Govt banned the import of gold coins and medallions.

Wednesday 14 August 2013

Judicial Appointments commission Bill
       It seeks to replace the present Collegium system.( In the appointment of Supreme court judges,The Chief justice of India has to consult collegium of four senior most judges of  the supreme court. 
In the appointment of high court judges,chief justice of India should consult a collegium of two very senior judges of the Supreme court)
      The chief justice is appointed by the President after consultation with such judges of supreme court and High courts as he deems necessary.The other judges are appointed by president after consultation with the chief justice and such other judges of the Supreme court and the High court as he deems necessary.
              The consultation with the chief justice is obligatory in the case of appointment of a judge other than the chief justice.

Ibrahim Boubacar Keita elected as Mali's President.

 * At present the Current account deficit is $90 billion,which accounts to 4.8 per cent of the GDP. To curb the import of gold,silver and a few "non-essential"items as well as oil,government has increased the duty on Gold,silver to 10%.Through its latest measures,the government hopes to bring the CAD to $70billion or around 3.7 per cent of the GDP.





Tuesday 13 August 2013

Today's Updates

INS ARIHANT
           India's first nuclear submarine. Advantage of nuclear submarine over conventional is their ability to remain underwater for long without refuelling and thus travel long distance.
Enriched uranium based Pressurised Water Reactor(PWR) .
The Constitution(One Hundred and Nineteenth )Amendment Bill,2013
           It seeks to ratifythe Indo-Bangladesh land agreement.
What are Enclaves?
    In International Law,states exercise sovereignty over their territories.There is no requirement that the  territory must be contiguous or geographically proximate. This possibility of territories lacking geographical contiguity forming parts of one state sometimes results in some parts being surrounded by the territory of another state. Such territories are termed enclaves. The situation can be further complicated by an enclave within an enclave (counter-enclave) or even an enclave within a counter-enclave (counter-counter-enclave).

Monday 12 August 2013

Tehri Dam is constructed across the river Bhagirathi
Tehri Dam is constructed across the river Bhagirathi

Hindu

First Indigenous aircraft carrier (P-71) to be launched today for Indian navy at Cochin shipyard limited.