News in Nutshell : OCT 24,2014

• The Finance Ministry has cleared 20 FDI proposals which worth rupee 988 cr.Pannel was headed by the Finance Secretary.

• Wal Mart India new COO(Chief Operation Officer)--Murali Lanka(from dec 1).The President & CEO is ----Krish Iyer

• Aditya Birla group ,S.A firm from Joint Venture in Health Insurance Market.

• AIBEA--ALL INDIA BANK EMPLOYEES ASSOCIATION.............................Gen Sec--C.H.VENKATACHALAM informed PM & FM about not having Chairmen and MD for 6 PSU banks. 

• U.K.engineering group Penspen has been awarded a contract to carry out a technical to carry out feasibilty study for the proposed 1,820km pipeline Turkmenistan-Afghanistan-Pakistan-India(TAPI) natural gas.Asain Development Bank is helping.

• The centre's plans to supply electricity 24/7 to all parts of india in 5 yrs has opened up vast opportunities for power and automation companies(MICRO GRID).Micro grid of 2-3 MW capacity could carter to 5000 house holds,carter to cluster of 2-3 households(10 kw) which can feed power to 25000 house holds."Nano grids , which comprises a water pump and solar panels.

• Millions of vaccine doses to be ready for EBOLA by 2015,say Dr.Marie-Paule Kieny from WHO.

• Bangladesh war criminal Ghulam Azam, who led the Jamaat-e-Islami during the county's liberation war in 1971 id died(92 yrs).

• European Union leaders have reached a ideal on comprehensive package of climate targets, including a blinding 40 % reduction a greenhouse gas emissions from the level of 1990 by 2030.

• U.S. President Barack Obama Obama has nominated a major fundraiser for his presidential campaign, Indian-American Azita Raji, as the U.S. Ambassador to Sweden.

• Islamic state militants used chlorine gas during fighting with security forces and shia militiamen in september north of Baghdad.

• India offers to help Pakistan eradicate Polio infection.

• 21st Conference of the Parties for climate change to be held in Paris in 2015.

•  China led 21 Asian nations, including India in forming a multilateral financial front in the form of the Asian Infrastructure Investment Bank(AIIB).

• Pankaj Advani wins his 11 world title after beating Peter Glichrist.

Source : The Hindu