"Asteroid 2012 KT42" to passby Earth at Distance of 14000 Km at 12.37 pm 29 May 2012

Newly-discovered asteroid 2012 KT42 is flying past Earth today (May 29th) only ~14,000 km above the planet's surface. This means 2012 KT42 will actually fly inside the Clark Belt of geosynchronous satellites.

Time of pass by : 
It is expected to pass by earth at 12.37 p.m. Indian Standard Time (7.07 UTC).

Size of the asteroid : 
The 3- to 10-meter wide asteroid ranks # 6 on the top 20 list of closest-approachers to Earth.

Here is list of Asteroids 

Is there any danger of Collision to earth ?

According to the asteroid's orbit, there is no danger of a collision.

Scientist say even if it did hit, this space rock is too small to cause significant damage. It would likely disintegrate almost entirely in the atmosphere, peppering the ground below with relatively small meteorites

Transit of Asteroid across Disk of Sun at  3.40 p.m. (10.10 UTC)
According to Andrew Lowe pointed out that on May 29 at about 10:10 UT,  2012 KT42 the minimum geocentric elongation from the center of the sun will be 0.1 degrees, so given the parallax there will be a transit across the sun, centered in southern Asia. If the diameter is about 5m, then the object could be only about 0.006" across against the solar disk.

Here sequence of images above by Alex Gibbs from the Catalina Sky Survey, who made the discovery of 2012 KT42 with the 1.5 meter telescope on Mt. Lemmon, Arizona.
 Even yesterday another Asteroid named 2012 KP24 missed earth. (details will be put later)