December 2016 Current Affairs

November 2016 Current Affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
NEWS
25 NOV
NEWS
24 NOV
NEWS

October 2016 Current Affairs
31 OCT
NEWS
27 OCT
NEWS
26 OCT
NEWS
25 OCT
NEWS
24 OCT
NEWS
22 OCT
NEWS

September 2016 Current Affairs
30 SEP
NEWS
29 SEP
NEWS
28 SEP
NEWS
27 SEP
NEWS
26 SEP
NEWS
24 SEP
NEWS

August 2016 Current Affairs
31 AUG
NEWS
30 AUG
NEWS
29 AUG
NEWS
27 AUG
NEWS
26 AUG
NEWS
25 AUG
NEWS

Union Cabinet approves revival of defunct Fertilizer Units in Gorakhpur, Sindri and Barauni

Union Cabinet approves revival of defunct Fertilizer Units in Gorakhpur, Sindri and Barauni
14 July 2016 Current Affairs: The Union Cabinet has approved the revival of defunct Fertilizer Units in Gorakhpur, Sindri and Barauni on 13 July 2016. The units to be revived includes

Sindri (Jharkhand) and Gorakhpur (Uttar Pradesh) of Fertilizer Corporation India Limited (FCIL)

 Barauni (Bihar) unit of Hindustan Fertilizers Corporation Limited (HFCL)

How revival will be helpful : The setting up of new units at Sindri, Gorakhpur and Barauni will help in meeting the growing demand of urea of Bihar, West Bengal and Jharkhand.

It will also ease the pressure on railway and road infrastructure due to long distance transportation of urea from Western and Central Regions and thereby saving in subsidy on freight. It will also accelerate the economic development of the region. Apart from growth of regional economy, this unit will create opportunities for 1200 direct and 4500 indirect employments.

Process of their revival : These three fertilizer units would be revived by means of Special Purpose Vehicle (SPV) of Public Sector Units (PSUs) namely, National Thermal Power Corporation (NTPC), Coal India Limited (CIL), Indian Oil Corporation Limited (IOCL) and FCIL/HFCL, through ‘nomination route’.

Besides, the GAIL (India) Limited has planned to lay a gas pipeline from Jagdishpur to Haldia. These units will serve as anchor customer for this pipeline and ensure its viability. Commissioning Jagdishpur-Haldia gas pipeline (JHPL) is important for development of critical infrastructure in Eastern India and will have multiplier effect on economic growth of the region.

These units were lying defunct since their closure during 1990-2002. Therefore, the units and other associated facilities were lying unutilized. There is no functional urea unit in the Eastern part of the country except two small units at Namrup (Assam).

Earlier in 2015, Government had approved revival of these three units through ‘bidding route’. However, the bidding process could not be carried forward due to receipt of only one application each against ‘Request for Qualifications’ (RFQs) for revival of Gorakhpur and Sindri units of FCIL.

The annual consumption of urea in the country is approx. 320 LMT, out of which 245 LMT is produced indigenously and rest is imported. To enhance the production of urea indigenously, government earlier also approved the revival of Talcher (Odisha) & Ramagundam (Telangana) units of FCIL by PSUs through ‘nomination route’.

 


December 2016 Current affairs

November 2016 Current affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
NEWS
25 NOV
NEWS
24 NOV
NEWS




October 2016 Current affairs
31 OCT
NEWS
27 OCT
NEWS
26 OCT
NEWS
25 OCT
NEWS
24 OCT
NEWS
22 OCT
NEWS

September 2016 Current affairs
30 SEP
NEWS
29 SEP
NEWS
28 SEP
NEWS
27 SEP
NEWS
26 SEP
NEWS
24 SEP
NEWS

August 2016 Current affairs
31 AUG
NEWS
30 AUG
NEWS
29 AUG
NEWS
27 AUG
NEWS
26 AUG
NEWS
25 AUG
NEWS



FreshersLive - No.1 Job site in India. Fresherslive Current Affairs 2016 section offers informative quiz questions with answers regarding latest current affairs today for all sorts of competitive exams like UPSC, TNPSC , IFS, IAS, IPS, railway exams (RRB) and banking exams like IPBS PO, IPBS clerk, Federal Bank PO, ICICI, SBI, RBI legal officer & Grade officer posts and much more. Register with us to get latest Current Affairs Updates. Also get latest Current Affairs news and quiz Updates for free alerts daily through E-mail

Get Daily Current Affairs to your Email

You can Unsubscribe us at any time.

Get Daily Current Affairs to your Email

You can Unsubscribe us at any time.