Current Affairs

8 January, 2021


India provides NPR 30.66 Crore for Reconstruction of Earthquake Affected Schools in Nepal

India provided a grant assistance of 30.66 Crore Nepalese Rupees (NPR) (~ INR 19.21 Crore) to Nepal for Reconstruction of Educational Institutionsdamaged during the 2015 earthquake.
i.The cheque was handed over by Namgya Khampa, Deputy Chief of Mission at the Indian Embassy to Sushil Gyawali, Chief Executive Officer (CEO) of Nepal Reconstruction Authority (NRA).
ii.With the handing over of the money, India has reimbursed an amount of NPR 81.98 Crore (~ INR 51.37 Crore) to Nepal for reconstruction projects of the Education Sector.
iii.India has committed an grant assistance of USD 50 Million towards Reconstruction Projects of Educational Institutions in Nepal. The projects are located in Gorkha, Nuwakot, Ramechhap, Dolakha, Kavre, Dhading & Sindhupalchowk districts of Nepal.
India’s Grant of NR 44.13 Million to Nepal:
In another separate meeting, India also granted NPR 44.13 Million (~ INR 2.76 crore) to Nepal under Nepal-Bharat Maitri Development Partnership
About Nepal:
Prime Minister – K. P. Sharma Oli
Capital – Kathmandu
President – Bidya Devi Bhandari


World’s Largest Floating Solar Energy Project at MP set to begin Power Generation by 2022-23

The World’s Largest Floating 600 Megawatt (MW) Solar Energy Project which is under construction at Omkareshwar dam on Narmada river in Khandwa district of Madhya Pradesh is set tobegin power generation by the year 2022-23.
Gist of the Project:
i.The production of electricity will be in about 2000- hectare water areas and the Floating panels will be installed in the backwaters of Omkareshwar dam.
ii.Estimated Investment of the project stands at INR 3, 000 Crore.
iii.International Finance Corporation, World Bank & Power Grid have granted consent to provide funds for the development of the project.
iv.The primary feasibility study for the project has been completed by the State Government in collaboration with the World Bank.
v.The project is expected to provide cheap and good quality power in about 2 years.
About Madhya Pradesh:
RAMSAR Site – Bhoj Wetlands
Dams – Gandhi Sagar Dams (Chambal River), Indira Sagar Dam (Narmada River)

CCEA Approved Central Sector Scheme for 17 Years for Industrial Development of J&K

i.The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister (PM) Narendra Modi has approved the Central Sector Scheme (CSS) namely “New Industrial Development Scheme for Jammu & Kashmir (J&K IDS, 2021)” for Industrial Development of Jammu & Kashmir (J&K). The information for the same was provided by Lieutenant Governor of J&K during a press conference in Jammu.
ii.The scheme proposed by Department for Promotion of Industry and Internal Trade (DPIIT) has been approved with a total outlay of Rs. 28,400 crore upto the year 2037.
iii.The package will remain in force for 17 years i.e. 2020-21 to 2036-37.
iii.So far, the amount disbursed under various special package schemes is Rs. 1,123.84 crore.
About Jammu & Kashmir:
National Parks-3: Kazinag National Park, Dachigam National Park, Kishtwar High Altitude National Park
Hydro Projects– Ratle Hydroelectric project (River Chenab), Kiru hydro-electric project (River Chenab), Pakal Dul (Drangdhuran) Hydroelectric Project (River Marusudar)
State Animal– Hangul
State Tree– Chinar

Harsh Vardhan released LASI Wave-1 Report 2020: India’s 1st Survey Providing Longitudinal Database of Older Population

i.Union Minister Dr. Harsh Vardhan, Ministry of Health & Family Welfare (MoH&FW) virtually released the Longitudinal Ageing Study in India (LASI) Wave-1 Report 2020 based on full–scale national. It is India’s first and the world’s largest survey providing base for designing national and state level programmes and policies for ageing population in India.
ii.This report is also a step towards Ayushman Bharat Yojana which focuses on expansion of the healthcare facilities.
iii.The information obtained from LASI has covered four domains viz. Health, Health care and Health care financing, Economic, and Social.
About Ministry of Health & Family Welfare (MoHFW):
Harsh Vardhan Constituency– Chandni Chowk, New Delhi
Minister of State (MoS)– Ashwini Kumar Choubey


BoB signs MoU with SIDBI to Enable MSMEs Apply Online for One-Time Restructuring

i.Bank of Baroda (BoB) has signed a memorandum of understanding (MOU) with the Small Industries Development Bank of India (SIDBI) to enable micro, small and medium enterprises (MSMEs) customers of the former to apply online for one-time restructuring (OTR).
ii.With this, the eligible MSME entities can get credit exposure up to Rs 25 crore.
iii.The restructuring of the borrower account will be implemented by March 31, 2021.
iv.The MSME Customer can now access the web-based portal, ‘Asset Restructuring Module for MSMEs (ARM-MSME)‘.
About Bank of Baroda (BoB):
Vijaya Bank and Dena Bank were merged with BoB
Managing Director (MD) and Chief Executive Officer(CEO)– Sanjiv Chadha
Headquarters– Vadodara (earlier known as Baroda), Gujarat
Founded– 20 July 1908, by Maharaja Sayajirao Gaekwad III of Baroda
Tagline– India’s International Bank

GoI, AP Govt and NDB Signs 2 Loan Agreement Worth USD 646 Million for Upgrading Road Network in AP

i. Govt of India(GoI), Govt of Andhra Pradesh(AP) and and New Development Bank(NDB) signed loan agreement worth USD 646 million(about Rs 4,736 crore) for 2 projects to upgrade State Highway Network and District Road Network in AP.
ii.The Loan amount of USD 323 million(about Rs 2,368 crore) for each project will be given by NDB.
iii.The 2 projects include: Andhra Pradesh Roads and Bridges Reconstruction Project and Andhra Pradesh Mandal Connectivity and Rural Connectivity Improvement Project.
iv.The Roads and Buildings Department of Government of AP will be the Project Implementation Agency.
Note– The tenor of each loan is 32 years, including a moratorium period of 5 years.
About New Development Bank(NDB):
i.During the sixth BRICS (Brazil, Russia, India, China, and South Africa) Summit in Fortaleza (2014), the leaders signed an Agreement to establish the NDB.
ii.NDB became fully operational on February 27, 2016.
Headquarters- Shanghai, China
Formerly referred as– BRICS Development Bank
President– Marcos Troyjo


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RBI Manager R Giridharan Authored his Debut Book “Right Under Your Nose

”The book titled ‘Right Under Your Nose’ is authored by Reserve Bank of India(RBI) ManagerR Giridharan. This is his debut Book. The book is published by Rupa Publications India Pvt Ltd.
Essence of the Book
i.The book portrays how Superintendent Vijay along with his trusted aide Dalvi, and Journalist Padmini spots the murderer who killed a woman and a team of scientists.
ii.Their skills are pitted by a genius who eliminates all possible lead, right under their nose.
iii.The story is set in Nagpur, Maharashtra.
About R Giridharan:
i.Besides working with RBI, he is also an international sports commentator with All India Radio and has covered many test matches and one-day internationals, including World Cup matches
ii.He is also an expert panellist on Doordarshan.
iii.In addition to this he has anchored many panel discussions and has also compèred shows.

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