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Sunday, October 3, 2021

DAILY GK: 26 , 27 SEP 2021

 DAILY GK: 26 , 27 SEP 2021

1.       ACQUISITION OF 56 C-295MW AIRCRAFT

      On the lines of the Cabinet Committee on Security (CCS) approval, the Ministry of Defence (MoD) signed a contract with M/s Airbus Defence and Space, Spain worth Rs.22, 000 Crore on September 24, 2021, for acquisition of 56 C-295MW transport aircraft for the Indian Air Force (IAF).

      Of the 56 aircraft, 16 will be delivered in flyaway condition from Spain within 48 months.

      The remaining 40 will be manufactured in India by Tata Advanced Systems Limited (TASL), in partnership with Airbus and will be installed with indigenous Electronic Warfare Suite.

 

2. THE HIMALAYAN FILM FESTIVAL AT LEH

      Anurag Singh Thakur, Union Minister of Ministry of Information and Broadcasting, inaugurated the first edition of the Himalayan Film Festival organised by the Union Territory (UT) of Ladakh in collaboration with the Directorate of Film Festivals, Ministry of Information and Broadcasting (MIB).

      The event is hosted by the Ladakh Autonomous Hill Development Council, Leh.

 

3. SAUBHAGYA COMPLETED 4 YEARS OF IMPLEMENTATION

      Saubhagya – Pradhan Mantri Sahaj Bijli Har Ghar Yojana, one of the largest household electrification drives in the world, has completed 4 years of successful implementation.

      As of March 2021, 2.82 crore households across India have been electrified under the SAUBHAGYA since its launch.

      Saubhagya – Pradhan Mantri Sahaj Bijli Har Ghar Yojana was announced by Prime Minister Narendra Modi on 25th September 2017, the birth centenary of Pandit Deen Dayal Upadhyaya.

 

4. RBI ISSUED MASTER DIRECTIONS

      Reserve Bank of India (RBI) issued the master directions of RBI (Securitisation of Standard Assets) Directions, 2021, and RBI (Transfer of Loan Exposures) Directions, 2021.

      Master Directions on Securitisation of Standard Assets:

      Eligibility: Loans with tenor up to 24 months extended to individuals for agricultural activities (where both interest and principal are due only on maturity) and Trade receivables with tenor up to 12 months (discounted/purchased by lenders from their borrowers) will be eligible for securitisation.

      Minimum Retention Requirement (MRR):

      For loans with maturity of 24 months or less, the MRR should be 5 percent of the book value of the loans being securitised.

      For loans with original maturity of more than 24 months and loans with bullet repayments, the MRR shall be 10 percent of the book value of the loans being securitised.

      Master Directions on Transfer of Loan Exposures:

      Transfer of stressed loans: RBI has allowed the transferring of loan exposures classified as fraud (i.e. the stressed loans) to Asset Reconstruction Companies (ARCs).

      This direction came as a backdrop of the banks reported frauds aggregating Rs 3.95-lakh crore between FY19 and FY21.

      Minimum Holding Period (MHP): MHP is 3 months in case of loans with tenor of up to 2 years and 6 months in case of loans with tenor of more than 2 years.

 

5.INDIA’S CAG  ELECTED AS EXTERNAL AUDITOR FOR IAEA

      India’s Comptroller and Auditor General (CAG) GC Murmu was elected as the external auditor of the International Atomic Energy Agency (IAEA) at the General Conference of the IAEA in Vienna, Austria on September 24.

      His tenure will be for six years, from 2022 to 2027.

 

6.WORLD PHARMACISTS DAY 2021 – SEPTEMBER 25

      World Pharmacists Day is annually observed across the globe on September 25th to recognise the role of pharmacists towards improving health across the globe.

      The day also marks the foundation day of the International Pharmaceutical Federation (FIP- Fédération Internationale Pharmaceutique).

 

7.STATUE OF BITCOIN FOUNDER SATOSHI NAKAMOTO UNVEILED IN HUNGARY

      Bitcoin’s pseudonymous creator Satoshi Nakamoto’s first statue was unveiled in Budapest, Hungary.

      Although the legendary creator’s identity is still a mystery to the world, the bronze statue acknowledges the immense contribution to the disruption of traditional currency.

      It has been put on display at Graphishop Park, Budapest.

      The sculpture is the bust of a person wearing a hoodie that has the Bitcoin (BTC) logo engraved on it.

 

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