Current Affairs Today - Current Affairs 2017

हिंदी करंट अफेयर्स प्रश्नोत्तरी 2017 के लिए यहाँ क्लिक करें.

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OVL to buy ConocoPhillips’ 8.4% stake in Kashagan field

ONGC Videsh Ltd. (OVL) has finalized agreements for the acquisition of 8.40% Participating Interest (PI) of ConocoPhillips in the North Caspian Sea Production Sharing Agreement (NCSPSA), which included the Kashagan field in Kazakhstan.

Kashagan Field is an offshore oil field located in the northern part of the Caspian Sea close to the city of Atyrau in Kazakhstan. It is the world’s largest current development project.

Why this acquisition is important for OVL and India?

  • It will mark OVL’s entry into the largest oil proven North Caspian Sea of Kazakhstan.
  • OVL’s biggest acquisition.
  • It will contribute towards the India’s energy security.


ISRO planning for a six-tonne ‘K’ band satellite

ISRO is planning to build/import six-tonne ‘K’band satellite.


  • The K band will allow higher and faster data transmission on the Internet by at least 2-3 times what ISRO satellites offer at present
  • It will suit VSAT operators who support this traffic.
  • K band transponder can accommodate far more users more efficiently than ISRO’s older Ku band satellites.


  • ISRO sent up GSAT-4 with a K band transponder. However, its homegrown GSLV launcher failed.
  • ISRO also built a K-band satellite, called HYLAS-1 (or Highly Advanced Satellite) for a fee for British operator Avanti in a tie-up with Europe’s Astrium.


ECB window to widen

ECB: External Commercial Borrowing

  • The government is all set to widen the scope of ECB.
  • This will be done via including sectors incorporated in the new definition of infrastructure, approved by the Cabinet committee on infrastructure.
  • Objective: This will permit companies involved in various sectors, including education and health, gain an access ECB in order to raise debt.
  • A high-level committee on ECB, chaired by Economic Affairs Secretary Arvind Mayaram will meet on November 30, 2012 in order to clear the proposal, after which the RBI would issue the opt notice.