RAJASTHAN

The National Green Tribunal(NGT) gave environmental clearance to country’s biggest 9-tonne refinery to be set up at Pachpadrain

HPCL has 74% and state government has 26% stake in this project. Refinery-cumpetrochemical complex will be ready by 2021. HPCL refinery at Mumbai has capacity of 7.5million tonne per annum, Vishakapatanam has 8.3 million tonne and Rajasthan has 9 million tonne per annum. Rajasthan will be the biggest refinery.

The diesel produced here will be BS 6 standard. Rs 43,000 crore will be spent on the refinery and HPCL in next 5 years will invest Rs 61,000 crore so that capacity of refinery could be increased to 50 million tonne, which will be the second oil refinery after Indian Oil in the country.

INTERNATIONAL

· Jeffrey C Hall, Michael Rosbash and Michael W Young win 2017 Nobel prize in physiology or medicine

The Nobel Assembly at Karolinska Institutet decided to award the 2017 Nobel Prize in Physiology or Medicinejointly to the American trio of Jeffrey C. Hall, Michael Rosbash and Michael W. Young for their discoveries of molecular mechanisms controlling the circadian rhythm.
The winners will share a prize of 9m Swedish kronor (£825,000), and each receives a medal engraved with their name.
It is the 108th timethe prize has been awarded and was announced at the Nobel Forum at the Karolinska Institute in Stockholm, Sweden.

· Indian Entrepreneur wins UK Business Award for Innovative IT Solutions

Birendra Sasmal, CEO of Subahwon the International Business Person of the Year at the Asian Achievers Awards in London for turning the company into a thriving IT, telecoms and manufacturing success story with operations across West Africa.

NATIONAL

Gujarat International Finance Tec-City(GIFT City)’s International Financial Services Centre (IFSC) bagged the 10th spot in the latest edition of Global Financial Centres Index (GFCI),
The rank is tenth ahead of Luxembourg, Seoul, Abu Dhabi, Toronto and Beijing in the list of the GFCI report, which has 15 centers that are likely to become more significant in the next few years.
GIFT is operational with approximately 10 leading banks, 8 insurance companies, and participating brokers, and 2 International Exchanges (India INX and NSE IFSC) along with around 100 capital market players have established their base at GIFT IFSC.

President Ram Nath Kovind appointed a Commission to examine the sub-categorization of the Other Backward Classes(OBCs).
The sub-categorization of the OBCs will ensure that the more backward among the OBC communities can also access the benefits of reservation for educational institutions and government jobs.

The Commission will examine the extent of inequitable distribution of benefits of reservation among the castes or communities included in the broad category of OBCs with reference to such classes included in the Central List.

Defence Minister Nirmala Sitharaman inaugurated the Pratham-Shyok bridge that will link Leh to Karakoram, providing connectivity on the strategically important Darbuk-Shyok-Daulat Beg Olde axis for military transport.