2-4 August 2018 Current Affairs

Apple Inc. | $1 trillion market cap | PM Ujjwala Yojana | 5 crore beneficiaries | Air India | BIS |

Posted on Aug 04, 2018 11:54 IST in Current Affairs.

User Image
2158 Followers
563 Views

1) Which company on 2 August 2018 became the first U.S. company (and also probably of the world) to surpass $1 trillion in market value? – Apple Inc.

Explanation: American technology giant Apple Inc. became the first-ever U.S. company to surpass $1 trillion in market capitalization on 2 August 2018. On this day, the shares of the world’s most valuable public company rose $5.89, or 2.9%, to $207.39, making it worth slightly more than $1 trillion.

- Apple’s rise has been propelled by the sustained success of the iPhone developed under late co-founder Steve Jobs, a product visionary who helped revive the company from a death spiral in the late 1990s.

- Apple isn’t the world’s first company to claim the $1 trillion title. In 2007, PetroChina Co.’s market cap surpassed that level by some measures, though the Chinese oil and gas producer’s complicated corporate structure kept most of its shares locked up in government hands.

- Outside of the public markets, there is Saudi Arabian Oil Co. (Saudi Aramco), the state-owned oil company. It weighed an initial public offering that could value the business at as much as $2 trillion.

..................................................................

2) Centre’s ambitious Pradhan Mantri Ujjwala Yojana (PMUY) achieved which milestone target, as was announced on 3 August 2018? – 5 crore beneficiaries

Explanation: Union Minister for Oil and Natural Gas Dharmendra Pradhan on 3 August 2018 announced that Union Government’s Pradhan Mantri Ujjwala Yojana (PMUY) has achieved the target of 5 crore LPG connections in less than 28 months. On achieving this milestone figure, Lok Sabha Speaker Sumitra Mahajan handed over 5 croreth LPG connection under PMUY in the Parliament House.

- The Government launched PMUY on 1st May 2016 and it is being implemented by Ministry of Petroleum and Natural Gas through its oil marketing companies i.e., IOC, BPCL and HPCL through their network of distributors across the country.

- Through PMUY, initially, 5 crore below poverty line (BPL) households were targeted for providing deposit free LPG connections to BPL households by 31 March 2019. In a record time of 28 months for its launch, PMUY achieved the initial target of providing 5 crore LPG connection to BPL households.

..................................................................

3) Who were appointed as non-official independent directors in Air India on 1 August 2018? - Kumar Mangalam Birla and Y.C. Deveshwar

Explanation: Renowned industrialists Kumar Mangalam Birla and Y.C.Deveshwar were on Wednesday appointed as non-official independent directors in Air India. It is perhaps for the first time that big industrialists like them have been named on the board of a public sector enterprise.

- Birla heads the $44.3 billion multinational Aditya Birla Group, which operates in 35 countries across six continents. Deveshwar is the chairman of ITC, a Kolkata-based company having diversified business in Fast Moving Consumer Goods (FMCG) sector and hotels among others.

..................................................................

4) The Bureau of Indian Standards (BIS) during July 2018 banned the use of which three chemicals in printing of packaging materials used for food products? - toluene, titanium acetylacetonate and phthalates

Explanation: The Bureau of Indian Standards (BIS), in an internal meeting on 25 July, decided to restrict use of three chemicals - toluene, titanium acetylacetonate and phthalates in printing of packaging materials used for food products.

- Toluene, which is a chemical that is used in paint thinners, is known to migrate between layers of packaging and potentially cause damage to liver and kidneys in humans. Though widely used in India to print on packaging materials, toluene is banned in food industry across the developed nations.

..................................................................

| Current Affairs | Current Affairs 2018 | IAS | SBI | IBPS | Banking | Bank PO | Banking Awareness | Daily Current Affairs | Best Current Affairs | 2018 Current Affairs | August 2018 | Current Affairs || Current Affairs | Current Affairs 2018 | IAS | SBI | IBPS | Banking | Bank PO | Banking Awareness | Daily Current Affairs | Best Current Affairs | 2018 Current Affairs | July 2018 | Apple Inc. | $1 trillion market cap | PM Ujjwala Yojana | 5 crore beneficiaries | Air India | BIS | 

Read more