13 August 2019 Daily Current Affairs


13th August 2019 Daily Current Affairs:

 

RIL Saudi Aramco deal:

  • Saudi Aramco is set to acquire 20 percent stake in RIL oil refinery and chemical business at a value of $75 billion or over 5.3 lakh crore.
  • It would be one of India’s largest foreign direct investment deals to date.
  • The announcement was made by Reliance Industries Limited (RIL) Chairman Mukesh Ambani during the 42nd Annual General Meeting of Reliance Industries on August 12.
  • Under the deal, Saudi Aramco will buy 20 percent stake in a proposed special purpose vehicle (SPV) housing RIL’s twin refineries as well as its petrochemical complex.
  • Saudi Aramco has also agreed to supply 5,00,000 barrels per day of crude oil to RIL’s twin refineries at Jamnagar in Gujarat on a long-term basis.
  • RIL operates two refineries in Jamnagar, Gujarat, which have a total capacity of 68.2 million tonnes per annum.
  • The Jamnagar Refinery is one of the world’s largest oil refining facility.
  • It can process 1.4 million barrels per day (BPD) and plans to expand its capacity to 2 million BPD by 2030.

 

International Youth Day:

  • International Youth Day (IYD), observed on August 12, is an awareness day designated by the UN.
  • The purpose of the day is to draw attention to a given set of cultural and legal issues surrounding youngsters.
  • It highlights efforts to make education more relevant, equitable and inclusive for all youth, including efforts by youth themselves.
  • IYD was first celebrated on August 12, 2000, after the UN General Assembly passed a resolution accepting the recommendation made by the World Conference of Ministers Responsible for Youth in Lisbon in 1998.

 

 

88 militants belonging to banned outfit NLFT surrender in Tripura:

  • In Tripura, 88 militants belonging to banned outfit NLFT (Sabir Deb barma faction) has surrendered.
  • The militants surrendered in presence of Chief Minister Biplab Kumar Deb and his deputy Jishnu Debbarma.
  • Earlier, on Sunday, a tripartite Memorandum of Understanding (MoU) was signed among the NLFT (SD), Tripura Government and the Central Government.
  • As per the memorandum, NLFT (SD) has agreed to abjure the path of violence, join the mainstream and abide by the Constitution of India. 
  • The surrendered cadres will be given surrender benefits as per the Surrender-cum-Rehabilitation Scheme, 2018 of the Ministry of Home Affairs. 
  • The State Government of Tripura will help the surrendered cadres in housing, recruitment, education etc.
  • Government of India will consider the proposals of Tripura State Government regarding economic development of tribal areas of Tripura.

 

 

World Biofuel Day:

  • It is observed to create awareness about the importance of non-fossil fuels as an alternative to conventional fossil fuels. 
  • The theme of this year's Biofuel Day is Production of Bio-diesel from Used Cooking Oil.
  • The event was aimed at reducing dependency on biofuel and adopting alternative sources of energy and effective management of used cooking oil. 
  • Food Safety and Standard Authority of India, in association with the Health Ministry, has started an initiative -- Repurpose of Used Cooking Oil in which the used oil will be collected from hotels and restaurants and sent to the biodiesal plants for blending.

 

What are Biofuels?

  • They are environment friendly fuels which are derived from renewable bio-mass resources.
  • Biofuels utilization would address global concerns about supression of carbon emissions.
  • Being eco-friendly they provide a strategic advantage to promote sustainable development. They also supplement conventional energy sources in meeting rapidly increasing demand for transportation fuels.

Biofuel in India:

  • Bioethanol : Ethanol produced from biomass such as sugar containing materials, starch containing materials and cellulosic materials.
  • Biodiesel : a methyl or ethyl ester of fatty acids produced from non-edible vegetable oils, acid oil, used cooking oil/animal fat and bio-oil.
  • Drop-in fuels : Any liquid fuel produced from Biomass, agri-residues, wastes such as Municipal Solid Wastes (MSW), Plastic wastes, Industrial wastes etc .
  • Bio-CNG: it is a purified form of bio-Gas whose energy potential and composition is similar to that of fossil based natural gas.