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May 14th Current Affairs

International Issues

The operator of the crippled Fukushima Nuclear Plant has reported an annual loss of nearly 10 billion dollars.

The company, TEPCO said that higher than expected losses have come as it has to meet massive cost for cleaning up as well as compensation following the Fukushima Nuclear disaster.

The Japanese Government agreed to a 12 billion dollar bailout to prevent the company from going bankrupt.

The Six nation Gulf Co-operation Council, GCC leaders meet in Riyadh to discuss closer union between the countries in the region. Bahrain has said that the proposed union could be based on

the model of European Union and the union could start first with Saudi Arabia and Bahrain. GCC is comprised of Saudi Arabia, Oman, Kuwait, Bahrain, Qatar and United Arab Emirates.

National Issues

SupremeCourt refused to quash batting maestro Sachin Tendulkar's nomination to the Rajya Sabha, and asked the petitioner to rather approach the high court with his plea.

The petitioner, Ram Gopal Singh Sisodia, a former Delhi MLA had challenged the nomination on the ground that Sachin was not entitled to nomination as Article 80 n prescribes that only persons of eminence in the fields of art, literature and science are to be nominated to the Rajya Sabha.

The Government is planning to set up 10,000 solar-based water systems in 78 districts of the states affected by Left wing extremism.

Rural Development minister Jairam Ramesh said this will meet the drinking water needs of people living there. Addressing a conference in New Delhi, Mr. Ramesh said it is a very ambitious project and the government will fund 540 crores rupees.

The Border Roads Organisation has planned to construct all-weather roads to link Jammu and Kashmir with Ladakh and other areas in the State which are not accessible throughout the year.

He said at present there are two roads connecting Jammu and Kashmir with Ladakh and other areas. Both the roads are being developed into double-lane highways. To make these roads accessible throughout the year, tunnels are to be built.

On the Manali-Darcha-Sarchu-Leh road, one tunnel is under construction at Rohtang in Himachal Pradesh. It will be completed in February 2015. Further on this road beyond Darcha, there is another alignment leading to Leh.

Another road from Darcha to Leh via Shinkhunla-Padam-Nimu is being developed under the Prime Minister's Reconstruction Plan in Jammu and Kashmir, Mr. Antony said.

The Central Electricity Authority (CEA) monitors the coal stocks position, on daily basis, in respect of 89 coal based thermal power stations in the country. As per CEA’s daily report of 8th May 2012, out of 89 coal based thermal power stations in the country, 29 power stations had coal stocks for less than 7 days. 

Short term production constraints at a coal company, unloading constraints at power plants, movement constraints of Railways, transportation constraints of coal companies etc. are some of the major factors which affect coal supply to the power utilities. 

Coconut Development Board is trying to promote more value added products from coconut in all coconut growing states through TMOC with the technical and financial support from Coconut Development Board. 

The scheme is implemented on a project basis depending upon the viability of the project proposal received and its conformity to the operational guidelines of the Mission. An amount of Rs 6.35 Crores has been earmarked under TMOC during 2012-13.

Economic Issues

As on 10th May, 2012, there were 3196 foreign companies as defined under section 591 of the Companies Act, 1956. Currently, the Foreign Direct Investment is prohibited in the Retail Trading (except single brand product retailing).


The Lok Sabha was informed that India is manufacturing Unmanned Aerial Vehicles called Lakshya as per its needs.

The Hindustan Aeronautics Limited has manufactured 30 of these aerial vehicles in the last five years. Lakshya costs four crore and 53 lakh each.

The Minister of State for Defence Pallam Raju ruled out any proposal to sell Lakshya to other countries.


Grandmaster Parimarjan Negi has won the Asian chess championship at the Ho Chi Minh City, Vietnam. Negi finished the tournament on 7 points and was tied for first place along with Yu Yangyi of China.


Commerce Secretary Rahul Khullar has been appointed as the new chairman of the Telecom Regulatory Authority of India for a three-year term. He will take over as TRAI Chairman. 

A 1975 batch IAS officer of Delhi cadre, Mr Khullar will succeed JS Sarma, whose tenure ended.

The 49th State conference of the Kerala Sastra Sahitya Parishad, which concluded, re-elected K.T. Radhakrishnan as president. T.K. Devarajan was elected general secretary.


The Pink City's own jewellery brand Amrapali has been nominated for the prestigious Andrea Palladio International Jewellery Awards. The brand is nominated in the category of the Best

International Jewellery Brand Collection, which places it along with the big names in world jewellery such as Tiffany & Co, Brumani, H. Stern and Van Cleef & Arpels.



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