Why in news? Researchers have discovered the 4th Room-Temperature Ferromagnetic Element which is Ruthenium.
Ferromagnetismis the basic mechanism by which certain materials form permanent magnets, or are attracted to magnets.
Since ancient times only three single elements were found to be ferromagnetic at room temperature:
Now the researchers have discovered the 4th Room-Temperature Ferromagnetic Element which is Ruthenium.
Rutheniumis a chemical element with symbol Ru and atomic number
It is a rare transition metalbelonging to the platinum group of the periodic table.
Like the other metals of the platinum group, ruthenium is inert to most other chemicals.
Ruthenium is usually found as a minor component of platinumores; the annual production is about 20 tonnes.
Most ruthenium produced is used in wear-resistant electrical contacts and thick-film resistors.
A minor application for ruthenium is in platinum alloysand as a chemistry catalyst.
Ruthenium is generally found in ores with the other platinum group metals in the Ural Mountains and in North and South America.
FACT # 2
National Consumer Disputes Redressal Commission (NCDRC)
Why in news? Justice R.K. Agrawal has been appointed As National Consumer Disputes Redressal Commission (NCDRC) President.
National Consumer Disputes Redressal Commission (NCDRC):
The NCDRC is a quasi-judicial commission in India which was set up in 1988 under the Consumer Protection Act of 1986.
The Act mandates establishment of Consumer Protection Councils at the Centre as well as in each State and District, with a view to promoting consumer awareness.
The Central Council is headed by Minster In-charge of the Department of Consumer Affairs in the Central Government and the State Councils by the Minister In-charge of the Consumer Affairs in the State Governments.
It also provides for a 3-tier structure of the National and State Commissions and District Forums for speedy resolution of consumer disputes.
The provisions of this Act cover ‘goods’ as well as ‘services’.
The goods are those which are manufactured or produced and sold to consumers through wholesalers and retailers.
The services are in the nature of transport, telephone, electricity, housing, banking, insurance, medical treatment, etc.
Its head office is in New Delhi.
The commission is headed by a sitting or retired judge of the Supreme Court of India.
Acts related to NCDRC:
Section 21 of Consumer Protection Act, 1986 posits that the National Consumer shall have jurisdiction to entertain a complaint valued more than one crore and also have Appellate and Revisional jurisdiction from the orders of State Commissions or the District fora as the case may be.
Section 23 of Consumer Protection Act, 1986, provides that any person aggrieved by an order of NCDRC, may prefer an Appeal against such order to Supreme Court of India within a period of 30 days.
FACT # 3
India’s IT Corridors In China
Why in news? India has launched second IT corridor in China to gain access to big Chinese market
India’s IT corridors in China:
The Dalian IT corridor:
Earlier the NASSCOM established its first SIDCOP platform in the Chinese port city of Dalian, which is India’s first IT hub in China.
India’s top IT firms have a big presence in China, especially multi-nationals and IT Corridor at Dalian which are expected to provide a gateway for the Indian IT-small and medium-sized enterprises.
Dalian corridor’s focus is on IOT (Internet of Things).
The Guiyang corridor:
The NASSCOM has recently established one more Digital Collaborative Opportunities Plaza (SIDCOP) platform in China at Guiyang.
It will provide market access to Indian IT firmsin the huge Chinese market.
Agreements worth RMB 36 million (about $6 million) have been signed between Indian service providers and Chinese customers.
The new corridor will focus on Big Data.
The platform in Guiyang intends to create online and offline presence to promote a “co-create culture” between two large neighbours in the Big Data space.
An Indian company named ‘Zeta-V’ will establish an Artificial Intelligence-enabled platform for SIDCOP to bring together the IT requirements of Chinese companies in Guiyang and Indian companies will offer solutions.