Quiz – April 27, 2018April 29, 2018
Quiz – April 29, 2018April 30, 2018
Current Affairs for Engineering Service Exam
- National and International Issues on
- Economic Development
- Social Development
- Industrial Development
- Energy and Environment
- Information and Communication Technology
Topic 1:Economic development
SBI plans recast of stressed power assets
State Bank of India (SBI) is preparing a major debt restructuring and takeover plan for stressed power assets, to improve valuations and attract new owners with incentives and a quick resolution process.
- It has asked the power ministry to waive transmission penalties and grant early regulatory approvals to help new promoters, said a senior government official.
- The bank proposes to get debt of the stressed assets rated by credit rating agencies.
- The plants will then be valued as per ratings at a sustainable debt portion
- The projects will be offered to the National Investment Fund (NIF).The fund will invite bidders with a base price. Otherwise, NIF will take over the projects and hand them to companies such as NTPC or private firms for operations on contract basis
National Investment Fund (NIF):
- The cabinet Committee on Economic Affairs (CCEA) on 27th January, 2005 had approved the constitution of a National Investment Fund (NIF).
- The Purpose of the fund was to receive disinvestment proceeds of central public sector enterprises and to invest the same to generate earnings without depleting the corpus.
- The earnings of the Fund were to be used for selected Central social welfare Schemes.
- This fund was kept outside the consolidated fund of India
RBI’s revised Framework:
- The projects with interest or principal overdue starting from 1day to 30 days will be categorised as ‘special mention accounts category -0’ (SMO-0).
- The most stringent change in the framework is that all the lenders have to agree upon a resolution that has to be reached in 180 days.
Read more at :ET
Topic 1:Social development
Nutrition panel drops the ready-to-eat food proposal
The National Council on Nutrition (NCN) has unanimously rejected Union Minister for Women and Child Development (WCD) proposal to replace ready-to-eat food as take-home dry rations with energy-dense nutrient packets which could be mixed with food for anganwadi beneficiaries.
- The council has also directed that pilot projects be conducted in 10 select districts on cash transfers instead of take-home ration
- Continuance of the existing practice of hot cooked meals for children (3-6 years) age group and take-home rations (THR) for children (6 months-3 years) and pregnant women and lactating mothers as decided by the State governments in conformity with the National Foods Security Act, 2013, and the Supplementary Nutrition Rules, 2017
- The council also agreed to involve mothers of anganwadi beneficiaries for preparation of meals “to ensure quality and encourage jan bhagidari(public participation)
The National Council on India’s Nutrition Challenges:
- Headed by Vice-Chairman of the NITI Aayog Rajiv Kumar
- It was constituted to provide policy directions to address nutritional challenges in the country and review programmes on a quarterly basis
- Integrated Child Development Services (ICDS) is a government programme in India which provides food, preschool education, and primary healthcare to children under 6 years of age and their mothers
- The scheme was launched in 1975, discontinued in 1978 by the government of Morarji Desai, and then relaunched by the Tenth Five Year Plan.
Read more at: The Hindu
Topic 2 : Energy
IOC’s LNG import terminal in Ennore
Indian Oil Corporation Ltd’s (IOC) Liquid Natural Gas (LNG) import terminal at Ennore’s is liikely to be ready for commissioning in October.
- It will have a capacity of five million tonnes per annum
- The terminal will be able to receive its first consignment to test its LNG tanks that are supposed to be as large as football fields.
- The tanks, which are made of cryogenic material, store the gas in a liquid state at a temperature of minus 162 degrees Centigrade.
- The terminal would receive gas in a liquid form as it is easier to transport and re-gassify it and supply it to customers through pipelines as gas.
- The natural gas would be used as gas-based feedstock in the fertilizer industry.
Read more at: The Hindu
Three energy projects in Odisha launched
Union Minister for Petroleum and natural gas on Sunday launched three projects in Balasore district of Odisha.
- The Balasore pump station initiated by Pradhan will help in supplying crude oil to five refineries of Paradip, Haldia, Barauni, Bongaigaon, and Guwahati, at Chandipur in Balasore district.
- A liquefied petroleum gas (LPG) bottling unit built at the cost of Rs 321 crore
- The Paradip-Haldia-Barauni Crude Oil Pipeline (PHBPL) was the third project inaugurated by the Union Minister.It is considered as the energy highway to entire Eastern and North-Eastern region of India for supplying crude oil to refineries at Paradip, Haldia, Barauni, Bongaigaon, and Guwahati.
- These projects are envisaged to cater to the LPG demand of Odisha, Jharkhand, and Chhattisgarh.
Read more at: ET