Current Affairs Today - Current Affairs 2017

हिंदी करंट अफेयर्स प्रश्नोत्तरी 2017 के लिए यहाँ क्लिक करें.

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Iran can consider a 20% cap on uranium enrichment

Iran is ready to negotiate over the issue of its uranium enrichment programme. It has offered that it can put a 20% on uranium enrichment if it is assured a regular supply of nuclear fuel for its medical reactor that manufactures isotopes to treat cancer.

What is uranium enrichment?

  • Naturally occurring Uranium is composed of two main isotopes and 235U. the percentage of 238U is 99.284% and 235U constitutes only about 0.711% of its weight.
  • 235U is fissile with thermal neutrons.
  • In order to produce nuclear bomb and naval propulsion highly enriched uranium is required.
  • Enriched uranium is a type of uranium in which the percent composition of uranium-235 has been increased through the process of isotope separation. Enriched uranium is also called Oralloy.

What is highly enriched uranium?

  • Highly Enriched Uranium (HEU) has a greater than 20% concentration of 235U or 233U.
  • The fissile uranium in nuclear weapons usually contains 85% or more of 235U known as weapon(s)-grade.
  • The very first uranium bomb, Little Boy dropped on Hiroshima in 1945, used 64 kilograms of 80% enriched uranium.

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Oil Ministry’s approval to RIL’s plan to increase KG-D6 production

Oil Ministry approved Reliance Industries’ plans to imageincrease natural gas output from the flagging KG-D6 and agreed that CAG cannot do a performance audit of the company.

The Ministry agreed to RIL stand that an audit by the Comptroller and Auditor General of India (CAG) of its spending on KG-D6 block has to be a financial audit and not a performance audit.

Earlier, Oil Ministry had withheld approvals to RIL’s investment plans by putting a condition of holding second round of CAG audit of KG-D6 field for 2008-09 to 2011-12.

What is RIL stand on the issue?

  • RIL is ready for a CAG audit if done under the Production Sharing Contract (PSC) which allows checking of the contractor’s accounts in order to verify the charges and credits but not questioning efficacies of processes or technology used in the complex deep sea operations.

How this decision will affect RIL?

  • After this action, RIL can take urgent remedial measures at KG-D6 where output has plummeted by more than 55 % in past two years to about 26 million standard cubic meters a day.

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Domestic companies can make payments in SEZ in foreign currency: RBI

image The RBI has given permission to domestic companies to make payments to units in Special Economic Zones in foreign currency for the services delivered by them. Earlier, this facility was allowed only for payments made for goods.
To promote software exports, RBI has simplified procedure for exporting goods and services by all Software Technology Parks of India.

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