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Daily Current Affairs 11 January 2020

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    NATIONAL NEWS: Odisha’s High-Level Clearance Authority (HLCA) approved a new greenfield alumina refinery unit. The project was proposed by Aditya Birla Group-owned Hindalco Industries. This will be Hindalco’s second alumina refining complex in Odisha after the Utkal Alumina refining project, also in the Rayagada district. The estimated cost of the new facility is Rs.8,000 crore. RELATED KEYS Founded on: 1958 Headquarters: Mumbai, Maharashtra India Chairman: Kumar Mangalam Birla Products: Aluminum and copper products BANKING AND FINANCE The World Bank estimated a 5% growth rate in fiscal 2019-2020 for India. The World Bank’s update is in line with the Reserve Bank of India’s (RBI) October policy estimate in which it slashed the Indian economy’s expected growth to 5% for the fiscal year 2019-2020. It also estimated the world economic growth at 2.5% in FY20 RELATED KEYS The report estimated that weakness in credit from non-banking financial companies (NBFCs) will linger during the fiscal, but the rate might recover to 5.8% in the next fiscal. SCIENCE AND TECH UPDATES The scientists from the University of California discovered the smallest clumps of dark matter ever identified called cold dark matter using a new technique using the Hubble Space Telescope and a feature of general relativity. The Small dark matter clumps act as small cracks on the magnifying glass. RELATED KEYS Dark matter is formed of particles that do not reflect, absorb, or emit light, so they cannot be detected by observing electromagnetic radiation. Such matters cannot be seen directly.

    Vasugi s - Jan 11, 2020 |

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