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11. The government granted Navratna status on the Rural Electrification Corporation (REC) giving it
Financial and Administrative Autonomy.
BACKGROUNDER
RURAL ELECTRIFICATION CORPORATION
The Rural Electrification Corporation Limited (REC), was incorporated on July 25, 1969 under the
Companies Act 1956. REC is a wholly owned Government of India Public Sector Enterprise with a
net worth of Rs. 5368 Crore. Its main objective is to finance and promote rural electrification
projects all over the country. It provides financial assistance to State Electricity Boards, State
Government Departments and Rural Electric Cooperatives for rural electrification projects as are
sponsored by them.
WHAT ARE NAVRATNAS ?
The New Industrial Policy announced by the government in 1991, emphasized major measures to
reform the Public Sector Enterprises. One such reform was to grant greater autonomy along with
the commensurate accountability to the Public Sector Enterprises. This reform took the shape of
granting of the Navratna status. In 1997, the government identified 11 big and profit-making Central
Public Sector Enterprises as Navratnas. It was decided that their Boards would be given enhanced
powers to help them become global players. The enterprises were BHEL, BPCL, GAIL, HPCL, IOC,
IPCL, MTNL, NTPC, ONGC, SAIL and VSNL. ( IPCL and VSNL were later privatized ). The
Navratna’s have professional boards, and functional autonomy. The Rural Electrification
Corporation is the 16th enterprise to be granted the Navratna status.
15. A major earthquake of 7.8 magnitude ripped through southwest China killing more than 12,000 people.
The epicentre of the quake was pinpointed at Wenchuan County, some 100 km northwest of Chengdu,
the capital of Sichuan province and home to over 12 million people. This quake was the deadliest in
China since the 1976 quake that struck Tangshan city, east of Beijing. The quake killed 2,40,000
persons.
BACKGROUNDER
An earthquake is the result of a sudden release of energy in the Earth's crust that creates seismic
waves. Earthquakes are recorded with a seismometer, also known as a seismograph. The moment
magnitude of an earthquake is conventionally reported, or the related and mostly obsolete Richter
magnitude, with magnitude 3 or lower earthquakes being mostly imperceptible and magnitude 7
causing serious damage over large areas. Intensity of shaking is measured on the modified Mercalli
scale.
At the Earth's surface, earthquakes manifest themselves by a shaking and sometimes displacement of
the ground. When a large earthquake epicenter is located offshore, the seabed sometimes suffers
sufficient displacement to cause a tsunami. The shaking in earthquakes can also trigger landslides and
occasionally volcanic activity.
In its most generic sense, the word earthquake is used to describe any seismic event—whether a
natural phenomenon or an event caused by humans—that generates seismic waves. Earthquakes are
caused mostly by rupture of geological faults, huge amounts of gas migration, mainly methane deep
within the earth, but also by volcanic activity, landslides, mine blasts, and nuclear experiments.
An earthquake's point of initial rupture is called its focus or hypocenter. The term epicenter means the
point at ground level directly above this.
16. Irena Sendler, who saved some 2,500 Jewish children from the Nazi Holocaust, smuggling them out
of the Warsaw Ghetto in baskets and trams and hiding them for safekeeping with Catholic families,
convents and orphanages, is dead. She was among the first to be honoured by Israel’s Yad Vashem
Holocaust memorial as a Righteous among Nations for her wartime heroism.
17. Terror struck the Pink City, Jaipur, for the first time as serial blasts killed at least 100 people and
injured more than 250.
18. Sir Anthony O’ Reilly, Chief Executive of the international media and communications group,
Independent News and Media Plc (INM), has been honoured with the Media Person of the Year Award
at the 55th Cannes Lions International Advertising Festival.
19. Jet Airways became the first Indian private airline to launch flights to China, starting a service that will
connect the thriving financial hubs of Mumbai, Shanghai and San Francisco.
20. Renu Challu assumed charge as Managing Director of State Bank of Hyderabad. She is the first
woman to hold the position of MD in State Bank of Hyderabad.
21. The BrahMos Aerospace has signed an agreement with Indian Space Research Organisation (ISRO) for
taking up engineering and integration of the space agency’s launch vehicles PSLV and GSLV.
22. Over the last three months, two rock art sites, two caverns with Jaina beds, and dolmens have been
discovered within a radius of 25 km on the hillocks behind the Gingee fort in Tamil Nadu’s Villupuram
district. Members of the team that found the sites, said the discovery of Jaina beds confirmed the earlier
view that present-day Villupuram district was once a prominent centre of Jainism. The presence of the
rock art sites and dolmens showed that the area had been under continuous human occupation for 3,000
years, they added. Archeologists found a big cavern with Jaina beds and rock art on a hillock called
Pancha Pandavar Kal, near Vadagal village in Gingee taluk. The hillock, located 15 km behind the
Gingee fort, forms part of a chain of hills in the area.
May - June, 2008
23. The former member of Parliament, Prema Cariappa, took over as Chairperson of the Central Social
Welfare Board.
CENTRAL SOCIAL WELFARE BOARD
BACKGROUNDER
The Central Social Welfare Board (CSWB) was conceived as an institution to be instrumental in
bringing the neglected, weak, handicapped and backward sections of society into the national
mainstream. Established in August 1953, the Board initiated several programmes for delivering
welfare services to the most backward, marginalized and deserving sections of society. As a follow
up, the State Social Welfare Advisory Boards were set up with the task of implementing and
monitoring of different programmes of the CSWB. Over the years, the Board has not only widened
the scope of its programmes but has also moved in policy approach from welfare to development to
empowerment. Today it is the pioneering national level organisation in the field of development and
empowerment of women in the country.
The CSWB was also envisaged as an interface between the Government and the voluntary sector for
social development in the country. It has made a signal contribution in encouraging, assisting and
promoting the growth of nearly twenty five thousand voluntary organisations for reaching the
neglected women and children of the country.
24. The government will confer the ‘One Time Award for Life Time Achievement’ on film luminaries
Dilip Kumar, Tapan Sinha, Lata Mangeshkar and Saroja Devi as part of the commemoration of the 60 th
anniversary of India’s independence.
25. ‘Nishant,’ India’s Unmanned Aerial Vehicle, developed by the DRDO, was successfully flight-tested
near Kolar. Nishant is one of the few UAVs in the world in its weight class capable of being catapult
launched and recovered by using parachute.
26. Gunther Stent, who helped pioneer the field of molecular biology as one of the first scientists to
confirm the structure of DNA, died. The push to unlock the mysteries of human genetics in the years
after World War II was led by the “Phage group,” a small collection of scientists that included Stent,
James Watson and Francis Crick.
27. Laal Juto (Red Shoes), a short-film by the Satyajit Ray Film and Television Institute in Kolkata,
received the award for the best creative idea at the 11th Shanghai International Film Festival.
28. Steel Secretary R.S. Pandey was presented the prestigious United Nations Public Service Award in
New York to mark the ‘Public Service Day’. The award was bestowed on Mr. Pandey for
conceptualising and implementing a unique programme of communitisation of public institutions and
services in Nagaland during 2002-04 when he was the State Chief Secretary.
29. The Quetzalcoatlus is the largest winged creature ever discovered on Earth. A full-scale replica of the
Quetzalcoatlus is on display at the National Museum of Emerging Science and Innovation in Tokyo.
30. Field Marshal S.H.F.J. Manekshaw passed away. He was considered one of the country’s great war
heroes. The victory over Pakistan in the 1971 war that he masterminded helped create Bangladesh. A
fortnight before his retirement, Manekshaw was made a Field Marshal. He was the second Indian to be
thus decorated after K.M. Cariappa.
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