Daily Current Affairs 26th March 2016

DAILY CURRENT AFFAIRS: 26 MARCH 2016

(Daily News India)

Shared By: WWW.DailyGk.IN

1. RBI ISSUED REVISED FRAMEWORK FOR REVIVAL AND REHABILITATION OF MSMES

i. The Reserve Bank of India issued revised Framework for Revival and Rehabilitation of Medium, Small and Micro Enterprises.

ii. The Framework has to be put in place by the banks before 30 June 2016.

iii. It shall be applicable to MSMEs having loan limits up to 25 crore rupees including accounts under consortium or multiple banking arrangement.

iv. In order to have faster resolution of stress in an MSME account, every bank shall form Committees for Stressed MSMEs

2. UNION CABINET APPROVED MOU BETWEEN INDIA AND UAE TO MOBILISE LONG TERM INVESTMENT INTO NIIF

i. The Union Cabinet gave its ex-post facto approval for a MoU between India and the United Arab Emirates to mobilise long term investment into the National Investment and Infrastructure Fund.

ii. It is signed to maximize economic impact mainly through infrastructure development in commercially viable projects in India.

iii. It will facilitate establishment of a transparent and high-level framework and collaboration platform for smooth flow of investments for this purpose.

iv. National Investment and Infrastructure Fund was approved by the Union Cabinet in last year to fund new and rejuvenate stressed projects.

3. ARVIND KEJRIWAL NAMED AMONG WORLD’S 50 GREATEST LEADERS BY FORTUNE MAGAZINE

i. Delhi Chief Minister Arvind Kejriwal has been named among the world’s 50 greatest leaders by Fortune magazine.

ii. He is sole leader from India in the list and has been placed at 42nd position.

iii. The list has been topped by Amazon CEO Jeff Bezos.

iv. Top 5 persons in the list are Jeff Bezos, Angela Merkel, Aung San Suu Kyi , Pope Francis and Tim Cook.

4. ANDHRA PRADESH GOVERNMENT INAUGURATES COUNTRY’S FIRST LIFT IRRIGATION PROJECT

i. Andhra Pradesh government inaugurated India’s first river linking project  Pattiseema lift irrigation project connecting Godavari River with Krishna River .

ii. The project has been completed in a record time of one year by the Hyderabad-based Megha Engineering and Infrastructure Limited.

iii. It has the capactiy to lift 80 tmc (trillion metric cubic feet) of flood water from Godavari River in a span of 110 days during the flooding season between July and October.

5. BHEL COMMISSIONED 600 MW JAIPUR THERMAL POWER PLANT IN TELANGANA

i. Bharat Heavy Electricals Limited announced  commission of  a 600 MW coal-based thermal power plant in Telangana.

ii. The 1200 MW Jaipur Power Plant is being developed by Singareni Collieries Company Limited.

iii. Earlier in December 2015 the 600 MW Kakatiya Thermal Power Plant Stage was commissioned at Bhoopalapally in Warangal district.