Search

Current Affairs in Short: 20 June 2019

ONGC Videsh Ltd, the overseas investment arm of ONGC, and its consortium partners have announced the Final Investment Decision (FID) in the Mozambique LNG project.

Jun 20, 2019 17:42 IST
facebook IconTwitter IconWhatsapp Icon

ONGC Videsh, partners to invest USD 20 bn in Mozambique LNG project

•    ONGC Videsh Ltd, the overseas investment arm of ONGC, and its consortium partners have announced the Final Investment Decision (FID) in the Mozambique LNG project.
•    The Indian consortium is expected to collectively invest USD 20 bn in the two-train Golfinho/Atum Mozambique LNG Project.
•    ONGC Videsh holds 16 per cent interest in the Mozambique Rovuma Area-1 Offshore Project, out of which 10 per cent PI is held directly by ONGC Videsh and another 6 per cent interest is held through its 60 per cent shareholding in Beas Rovuma Energy Mozambique Limited (BREML).

Satya Nadella, Shantanu Narayen ranked among top 10 US CEOs

•    According to an annual survey by employment website Glassdoor Microsoft's Satya Nadella, Abobe's Shantanu Narayen ranked among top 10 US CEOs.
•    In the list of best CEOs, Facebook CEO Mark Zuckerberg came in at 55, and Apple’s Tim Cook was ranked 69. Shantanu Narayen and Satya Nadella occupy the fifth and sixth positions, respectively.
•    Patrick Gelsinger, the chief executive officer of Silicon Valley software maker VMware Inc., was ranked the best CEO in America.

PU Chitra wins 1500m gold with season's best run at Folksam Grand Prix

•    India’s PU Chitra won gold medal in women’s 1500m at Folksam Grand Prix 2019 held in Sollentuna, Sweden.
•    She produced the best time of her season so far by clocking 4 minute 12.65 seconds (4:12.65s).
•    In another separate competition, national record holder long jumper Murali Sreeshankar won the gold at the Copenhagen Athletics Games in Denmark with an impressive opening round effort of 7.93m.

Madhya Pradesh govt fixes Rs 5000 as minimum aid to calamity-hit farmers

•    Madhya Pradesh govt. announced to provide Rs 5000 in minimum compensation to the small and marginal farmers in the event of crop loss due to natural calamities.
•    The government has taken several administrative steps including filling up vacant posts of Patwaris (revenue officials) for speedy work.
•    The state government has decided that minimum compensation for the small and marginal farmers would be Rs 5000 in case of crop loss due to a natural calamity.

Wind power capacity likely to improve to 3.5-4.0 GW in FY20: ICRA

•    Wind energy generation capacity addition is likely to improve to 3.5-4.0 GW this fiscal, while land acquisition and transmission connectivity challenges will remain crucial.
•    Since February 2017, the overall wind power capacity awarded by the central nodal agencies and the state distribution utilities has been sizeable at more than 12 GW.
•    The average bid tariff declined from Rs 3.01 per unit in CY17 (calendar year) to Rs 2.64 per unit in CY 2018.