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Current Affairs (25/12/2014)

Mr. S Bhattacharya appointed as new Chairman And Managing Director of Coal India
Senior IAS S Bhattacharya has been appointed as the Chairman And Managing Director of Coal India Ltd (CIL). Mr. S Bhattacharya is currently the Chairman And Managing Director of Singareni Collieries Company (The Singareni Collieries Company Limited or SCCL is a government-owned coal mining company in India).

Good Governance Day was observed on 25th December 
Union government was observed on 25th December Good Governance Day.The day was observed to celebrate the 90th birth anniversary of Atal Bihari Vajpayee. The ministry also organised Multimedia Exhibition on former Prime Minister Shri Atal Bihari Vajpayee to mark Good Governance Day at the IGNCA complex.Union Ministry of Ministry of Information and Broadcasting organised the rich repository of archival footage on eminent personalities . The footage will be available with the Ministry of Information and Broadcasting to the public through Doordarshan, All India Radio and Social Media platforms of the New Media Wing.

Union government has launched ‘Mission Indradhanush’ for children vaccations
The Union government has launched ‘Mission Indradhanush’ that aims to cover all un-vaccinated or partially vaccinated children by the year 2020, against seven vaccine preventable diseases. The diseases that come under the mission launched by the Union Health Minister J.P. Nadda on ‘Good Governance Day’ are diphtheria, whooping cough, tetanus, polio, tuberculosis, measles and hepatitis B.

ISRO's Chairman Dr. K. Radhakrishnan is in Nature Journal's top 10 list.
Dr. K. Radhakrishnan, Chairman of the Indian Space Research Organisation (ISRO) is one of the 2014 top 10 scientists chosen by the prestigious journal Nature. He is listed along with other people like Andrea Accomazzo, the Rosetta flight operations director, European Space Agency.The recent launch of the heaviest and tallest GSLV Mark III and the successful re-entry of the unmanned crew module were the other landmark achievements.

4 Public Sector Units sign pacts to revive Talcher Fertilizer Facility
Coal India Ltd. (CIL), the world’s largest producer, and state gas utility GAIL India Ltd., on Wednesday, signed agreements to invest Rs.9,000 crore in a plant to convert coal into gas and use this fuel to manufacture fertilizer.CIL and GAIL, along with Rashtriya Chemicals and Fertilizers (RCF) and Fertilizer Corp of India Ltd (FCIL), will set up an integrated coal gasification-cum-fertilizer and ammonium nitrate complex at Talcher in Odisha by 2019.GAIL will hold 35 per cent in the upstream venture, called GAIL Coal Gas (India) Ltd. FCIL will take 11 per cent interest while RCF and CIL will pick up 3 per cent each.
iv. Power Minister Piyush Goyal said the use of coal gasification technology for production of fertilizers would lead to annual subsidy savings of Rs.3,000 crore.

United Bank of India launched three new ‘alternate delivery products' for customers
Kolkata-based United Bank of India (UBI) recently launched three new ‘alternate delivery products’ that will provide more convenience to the customers. This puts the bank in the select group of banks offering the facility of online transactions (RuPay e-commerce), with RuPay debit cards.Another product ‘TD on Missed Call’ gives the ease of investment in pre-defined Fixed Deposit (Rs10,000) by just giving a missed call on a particular number.The other facility to have been launched includes the online PPF account maintenance, UBI said in a press release. The products were launched in the backdrop of the bank’s foundation day celebrations.

Reliance Capital ropes in Japan’s SMTB as a strategic partner
Anil Ambani group firm Reliance Capital on Thursday roped in Japan’s Sumitomo Mitsui Trust Bank (SMTB) as a strategic partner to collaborate on various businesses, including in its proposed banking venture.SMTB, Japan’s largest financial institution with assets under custody of USD 1.8 trillion, will take an initial stake of 2.77 per cent in Reliance Capital at an investment of Rs 371 crore as part of a“comprehensive long-term strategic alliance between the two companies.”Reliance Capital intends to establish a new bank in India, with support of Sumitomo Mitsui Trust Bank as strategic partner, as and when RBI’s policies permit formation of the same.As part of the agreement, SMTB will be taking an initial 2.77 per cent strategic stake in Reliance Capital, amounting to Rs 371 crore through preferential allotment, with a lock—in period of one year.

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