*CURRENT AFFAIRS (16:07:2014)

1. Centre imposes additional penalty of $579 million on Reliance
Industries for producing less than targeted natural gas from its KG-D6
block.
- This brings the total penalty on RIL to a $ 2.376 billion.
- This is the 4th consecutive year, beginning 2010, RIL has been fined
for missing the target production.
- The penalty is in the form of disallowing costs incurred.
- The Production Sharing Contract (PSC) allows RIL and its partners BP
Plc and Niko Resources to deduct all capital and operating expenses
from the sale of gas before sharing profit with the government.
2. Environment Ministry launches web portal for online submission and
monitoring of Forest Clearance proposals.
- The change, meant to bring in more transparency and
accountability,will also quicken up the tedious clearing process.
3. Centre to establish 'National Centre for Research & Development in
Bulk Drugs' (NCRDBD) at National Institute of Pharmaceutical Education
and Research (NIPER), Hyderabad
4. There are 3680 monuments/sites of national importance in India as of today.
- They are declared a s such under the provisions of the Ancient
Monuments, Archaeological Sites and Remains Act of 1958.
- Out of these, 955 monuments/sites have been identified as places of
worship in the country.
5. Rina Mitra has been appointed as the Director of 'National
Institute of Criminology and Forensic Science' (NICFS).
6. Assam government is to implement National Food Security Act (NFSA)
beginning September 1, 2014