April 30,2018

Quiz – April 27, 2018
April 29, 2018
Quiz – April 29, 2018
April 30, 2018

Current Affairs for Engineering Service Exam

 Topics list:

  1. National and International Issues on
    1. Economic Development
    2. Social Development
    3. Industrial Development
  2. Energy and Environment
    1. Energy
    2. Environment
  3. Information and Communication Technology
    1. Technology
    2. Application

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.

Highlights:

  • 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.

Highlights:

  • 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

About ICDS:

  • 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.

Highlights:

  • 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.

Highlights:

  • 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

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