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India is second only to China in terms of steel production.

In the last 5 years


India s production grew by 33 percent, thus making it behind China among the top 5
steel producing nation. World Steel Association (WSA) data has revealed that Ch
ina s production grew by 39 per cent during 2008-2012, India s by 33 percent and Ind
ia s production grew constantly in the last five years from 57.8 MT in 2008 to 63.
5 MT in 2009, 69 MT in 2010, 73.6 MT in 2011 and 76.7 MT in 2012
RBI cuts CRR, Repo Rates
On 29 January The Reserve Bank of India slashed its key interest rates by 0.25
per cent and released 18000 crore rupees additional liquidity into the system to
perk up growth through reduced cost of borrowing. RBI in its third quarter mone
tary policy review surprised the market by cutting short-term lending rate calle
d repo, by 0.25 per cent to 7.75 per cent and Cash Reserve Ratio (CRR) by simila
r margin to 4 per cent.
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SCIENCE & TECHNOLOGY
US approved First new Tuberculosis Drug
On 1 January The US Food and Drug administration approved a Johnson & Johnson t
uberculosis drug in 40 years .This is the first new medicine to fight the deadl
y infection in more than four decades.The disease is rare in the US, but kills a
bout 1.4 million people a year worldwide.
Spiral galaxy IC 2233
Astronomers had captured one of the flattest galaxies known in the universe, sit
ting like a silver needle in the haystack of space. The NASA/ESA Hubble Space Te
lescope produced a beautiful image of the spiral galaxy IC 2233, one of the flat
test galaxies. The IC 2233 is located about 40 million light-years away from Ear
th. This galaxy was earlier discovered by British astronomer Isaac Roberts in 18
94.
Immune system booster may hit cancer
Japanese research where stem cells were used to clone and produce large numbers
of a specialized type of white blood cell. These cells, known as cytotoxic T lym
phocytes (CTLs), are produced by the immune system and are able to recognize spe
cific markers on the surface of various tumour cells, causing them to launch an
attack to kill the tumour cells.The researchers are succeeded in using stem cell
s to mass-produce CTLs in laboratory conditions.
Chinese Biologists Discovered Antibiotic In Panda Blood
Chinese biologists have discovered that the blood of the endangered giant panda
includes a compound called
Cathelicidin-AM
which acts as a natural antibiotic. T
he nature of the blood compound makes it an attractive treatment for so-called s
uperbugs, those strains of disease that have become immune or resistant to tradi
tional antibiotics.
India to make world s largest solar telescope
India is likely to begin construction of the world s largest solar telescope on th
e foothills of the Himalayas in Ladakh to understand the fundamental processes t
aking place on the Sun by year-end.A 2-metre class, state-of-the-art National La
rge Solar Telescope (NLST), built by Bangalore-based Indian Institute of Astroph
ysics (IIA), will permit Indian scientists to carry out cutting edge research ai
med to study Sun s atmosphere.
Internet emits 830 mt of carbon dioxide annually
According to Researchers from the Centre for Energy-Efficient Telecommunications
(CEET) and Bell Labs, Internet and other components of information communicatio
n and technology

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