DAILY GK: 14 JULY 2021
1.
INDIA’S 1ST GREEN HYDROGEN MOBILITY PROJECT
• NTPC
Renewable Energy Ltd (NTPC REL), the renewable energy arm of NTPC Ltd has
signed a Memorandum of Understanding (MoU) with Union Territory of Ladakh to
set up India’s 1st Green Hydrogen Mobility project in Ladakh.
• The
Agreement will enable NTPC to help Ladakh develop a carbon-free economy based
on renewable sources and green hydrogen, which is in line with Prime Minister’s
vision of ‘Carbon Neutral’ Ladakh.
2.
MINISTRY OF CORPORATE AFFAIRS INCORPORATES NARCL
• The
Ministry of Corporate Affairs (MCA) has incorporated the ‘National Asset
Reconstruction Company (NARCL)’ also known as Bad Banks/Asset Reconstruction
Company (ARC) with an authorised capital of INR 100 crore and paid-up capital
of INR 74.6 crore.
• ‘Bad
bank’ refers to a financial institution that takes over bad assets of lenders
and undertakes resolution’.
• It
has been created in collaboration with both Public and Private Sector Banks,
and Indian Banks’ Association (IBA).
• Padmakumar
Madhavan Nair, a stressed assets expert from SBI will serve as the Managing
Director of NARCL.
• NARCL
will house bad loan accounts of INR 500 crore or more. It will pay up to 15% of
the agreed value for the loans in cash and the remaining 85% would be
Government-guaranteed security receipts.
• Canara
Bank would be the sponsor of NARCL and will hold a 12% equity, other large
public sector banks will hold less than 10% each in NARCL.
3.
NICL PROVIDED INSURANCE POLICY FOR HIGH-ALTITUDE YAK
• The
National Research Centre on Yak (NRCY) at Dirang in West Kameng district of
Arunachal Pradesh has tied up with National Insurance Company Ltd (NICL) to
provide an insurance policy for the 1st time to insure the highly valuable
High-Altitude Yaks against the risks.
• Yak
belongs to the Bovini tribe, which also includes bison, buffaloes, and cattle.
• They
are endemic to the Tibetan Plateau and the adjacent high-altitude regions.
4.
INDIA’S 1ST CRYPTOGAMIC GARDEN INAUGURATED
• India’s
1st Cryptogamic Garden which has nearly 50 species of Lichens, Ferns and Fungi
was inaugurated at Deoban area of Dehradun district, Uttarakhand.
• It
was inaugurated by social activist Anoop Nautiyal.
• Cryptogamae
means ‘hidden reproduction’ which refers to the fact that no seed, no flowers
are produced.
• Algae,
bryophytes (moss, liverworts), lichens, ferns and fungi are the best-known
groups of cryptogams
5.
INDIA’S 2ND LONGEST EXPRESSWAY
• Ganga
Expressway, a 594 km long expressway covering important cities of Uttar Pradesh
is set to be constructed in September 2021.
• The
planned expressway is the 2nd longest in India, with 6 lanes covering Uttar
Pradesh from Meerut to Prayagraj.
• This
will cut the travel time between Delhi & Prayagraj from 11 hours to 6
hours.
• The
1350 km long Delhi-Mumbai Expressway is the longest ever planned expressway of
India.