Economy & Banking Current Affairs

Business, Economy and Banking in Current Affairs 2019 with latest news and current affairs in Agriculture, Industry, Banking, Capital Markets, Import and Export and Government schemes in commercial sector.

PARAM Yuva II: India’s no.1 and ranked 44th among most power efficient supercomputer in the world

As per Green500 List announced at the Supercomputing Conference (SC 2013) in Denver, Colorado, in the US, India’s PARAM Yuva II supercomputer built by the Centre for Development of Advanced Computing (C-DAC), has been ranked no.1 in India, 9th in the Asia Pacific Region and 44th in the world among the most power efficient computer systems.

Why does ‘Green 500’ rank computer systems according to their power efficiency?

Generally, supercomputers eat up a lot of power and produce much heat that requires sophisticated cooling facilities to ensure proper functioning. This renders the Total Cost of Ownership (TCO) of operating supercomputer to increase. In a bid to draw attention towards development of energy efficient supercomputers, Green500 ranks computer systems in the world according to compute performance per watt, thus providing a world ranking based on energy efficiency.

CCEA clears the Central Sector Scheme, ILDP for 12th plan

The Cabinet Committee on Economic Affairs (CCEA) approved the central sector scheme, Indian Leather Development Programme (ILDP) for overall development of the leather sector during the 12th Plan (2012-17).

  • Under this scheme, the six sub-schemes are also proposed with an outlay of Rs.990.36 crore.
  • These are – Integrated Development of Leather Sector (IDLS), Human Resource Development (HRD), Support to Artisan (STA), leather technology innovation and environmental issues, mega leather cluster and establishment of institutional institutes.

Implementation of the ILDP would provide trained manpower to the industry and assistance to overcome the constraints of infrastructure in the industry.