Material Content for Current Affairs 26th February

Current Affairs 26th February

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China’s President Xi Jinping unveils new ‘four comprehensives’ political theory

China’s President Xi Jinping has unveiled a new political theory, grouped into four slogans also known as the four comprehensives. His new political theory was declared ahead of the upcoming meeting of the Committee of the People’s Political Consultative Conference, which is going to discuss national policies. Xi Jinping’s new political theory is summed up into following four Comprehensives: Comprehensively build a moderately prosperous society. Comprehensively deepen reform. Comprehensively govern the nation according to law. Comprehensively strictly govern the Party. In the above 4 comprehensives, the first three are familiar to slogans of previous Chinese leaders, but the fourth comprehensive is a specific reference to the current anti-corruption campaign being prosecuted by Xi Jinping. Previously also, similar slogans were put forward by his predecessors, including Hu Jintao’s Three Supremes and Jiang Zemin’s Three Represents. Since 1950s several communist leaders had given number of similar kind of slogans. The Cultural Revolution begun by Mao Zedong also included phrases such as smash the four olds.

Six Indian women among Forbes’ 50 ‘Power Businesswomen’ 2015

Six Indian women entrepreneurs and businesswomen have been named by Forbes magazine as among the 50 ‘Power Businesswomen’ from Asia. Indians included in the list are Arundhati Bhattacharya- Chairperson of State Bank of India (SBI).  Forbes list referred her as the first lady of Indian banking and as chair of the Indian behemoth with 225 million customers. Chanda Kochchar- MD & CEO of ICICI Bank. Forbes list referred her as India’s second-most-powerful banker after Bhattacharya Akhila Srinivasan-  MD of Shriram Capital. Kiran Mazumdar Shaw- Chairman & MD of Biocon. Shikha Sharma- CEO of Axis Bank. Usha Sangwan- MD of Life Insurance Corporation of India (LIC). About Forbes 50 Power Businesswomen list The Asia’s 50 Power Businesswomen list showcases accomplishments of the region’s female entrepreneurs and executives for particular year. The list includes women CEOs and founders, who are active in the upper echelons of the business world in Asia. These women wield significant business power and have access to robust financial resources.

World’s first 3D-printed jet engine developed in Australia

Researchers from Australia’s Monash University have created world’s first 3 Dimensional (3D) printed jet engine. The first of kind 3D printed engine was developed by team of researchers from Monash Centre for Additive Manufacturing in partnership with spin-out company Amaero Engineering. Process of Production The jet engine was created using innovative additive manufacturing technique. Firstly, the scanned computer models of engines were created by the researchers. Then the 3D printing machine incorporated with high-powered laser fused the nickel, titanium or aluminium into the shape of engine parts. Significance of this development It opens the door for engineers to make and test parts of jet engines in days instead of months. It will also help engineers to manufacture cheaper, lighter and more fuel-efficient jet engines. About 3D printing technology 3D printing is a process of making three dimensional solid objects from a digital file with extreme precision. This technology is also termed additive manufacturing as the 3D printed object is created us additive processes. In an additive process an object is created by laying down successive layers of manufacturing material on each other until the entire object is created. This technology has limitless possibilities and can create almost anything with just raw material and a computer generated model.

Government to give digital boost to MGNREG scheme 

 

i.Government will roll out a pilot project to give a digital boost to the flagship rural job scheme MNREGA in gram panchayats to ensure its better implementation through mobile monitoring system. 

 

ii. a total of 35,000 gram panchayats will be covered which would be given a mobile/tablet.

 

iii. An amount of Rs 35 crore have been sanctioned as each mobile/tablet would be costing Rs 10,000. 

 

iv. If the the pilot project turns out to be a success, the scheme will be extended to all 2.65 lakh gram panchayats in the country, which will cost the Centre about Rs 265 crore.

 

Work permits for spouses of H-1B visa holders

 

i. The U.S. government has confirmed that effective May 26, 2015, some holders of the H-4 visa, who are spouses of high-skilled workers on the H-1B visa, will be eligible for work authorization.

 

ii. A potential boon for approximately 179,600 individuals in the first year alone.

 

iii. The move has particular relevance to India, as 76 per cent of the 96,753 people who received an H-4 in 2013 were from South Asia, many from India.

iv. The U.S. Citizenship and Immigration Services (USCIS) Department said that finalising the H-4 employment eligibility was “an important element of the immigration executive actions President Obama announced in November 2014,”.

 

Pan-India MNP from 3rd May, TRAI amends regulation

 

i. The Telecom Regulatory Authority of India amended the mobile number portability (MNP) regulations yesterday to allow users to change their service provider in any part of the country while retaining the number.

ii. At present, number portability within a telecom circle is possible. 

iii. In a statement, TRAI said, it has issued the sixth amendment to the Telecommunication Mobile Number Portability Regulation, 2009, which will facilitate nationwide portability with effect from May 3. 

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