Current Affairs - 24th Jan 2014
Govt plans Rs 5,000 crore green energy fund
With traditional power sector in trouble by fuel shortage and climate change getting top billing at World Economic Forum summit in Davos, the government has planned a Rs 5,000-crore, or $800 million, push to promote green energy capacity. The ministry of new and renewable energy proposes to raise the authorized share capital of IREDA ( Indian Renewable Energy Development Agency) from Rs 1,000 crore at present to Rs 6,000 crore through this infusion.
Lenovo to buy IBM’s low-end server business for $2.3bn
Chinese computer giant Lenovo will buy IBM’s low-end server business for $2.3 billion.IBM will receive $2.07 billion in cash and the rest in shares for the x86 business, Lenovo said, in a deal seen as helping the Chinese firm diversify away from the slumping PC-sales sector. IBM will still provide maintenance on behalf of Lenovo, while some 7,500 members of staff worldwide will be offered employment by the Chinese company, according to Dow Jones.
First Public University to accept the fee in Bitcoin Currency is Cumbria University
Bitcon currency payment of fee is acceptable to 2 new courses on the roles of complimentary currencies in Economic system. These courses will be taught for summer this year at the institute for Leadership and Sustainability (IFLAS). Bitcon currency is online currency and Payment system which enables the international transmission of funds. It is a peer-to-peer payment system and digital currency introduced as open source software in 2009 by pseudonymous developer Satoshi Nakamoto. It is a cryptocurrency, so-called because it uses cryptography to control the creation and transfer of money.
UN Award for Sustainable tourism
UN Award for Sustainable tourism achieved by Kerala. This award was conferred for creating innovative initiatives for sustainable tourism. This is the first time India won this award. The front runners for this award were Sikkim, Gujarat, Goa and Kerala.
RBI Governor describes the currency note plan
Reserve Bank of India Governor Raghuram Rajan on Thursday sought to quell fears over the decision to withdraw all pre-2005 currency notes from April 1, 2014, saying the RBI notification was not aimed at demonetisation. -Assuring the people that such currency notes would continue to be legal tender, Dr. Rajan said there was no cause for panic. The public would be required to approach banks for exchanging their pre-2005 notes.
