10-11 April 2018 Current Affairs

Most powerful Rail Engine | Busiest Airports | Champaran | NABARD |

Posted on Apr 11, 2018 08:13 IST in Current Affairs.

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1) India's first 12,000 horsepower electric locomotive was flagged-off by Prime Minister Narendra Modi on 10 April 2018. This first-of-its-kind engine has been developed at which locomotive plant of Bihar? - Madhepura Locomotive Factory

Explanation: India’s first 12,000 horsepower electric locomotive has been developed at Madhepura's Electric Locomotive Factory (Bihar). It is the first big Make-in-India project completed by Alstom of France. It is a double section locomotive each having a hauling capacity of 6,000 tonnes.

- With a speed of 120 km/hr., the high-speed all-electric locomotive will reduce the congestion faced by Indian railways. The heavy haulage locomotives will be used to transport coal and iron ore.

- With 100% electrification, the new locomotive will not only bring down operating costs for the Railways but will significantly cut down greenhouse gas emissions as well. With launch of this state-of-the-art locomotive India will now competing with Russia, China, Germany and Sweden that have successfully run 12,000 horsepower and above capacity electric locomotives.

- Under the Make-in-India project, about 35 locos will be manufactured at the Madhepura facility in the next fiscal (2019-20) and 60 in 2020-21.

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2) Which Indian airport made its debut in Airports Council International (ACI’s) World’s 20 Busiest Airports List that was released on 9 April 2018? – Indira Gandhi International Airport (New Delhi)

Explanation: New Delhi’s Indira Gandhi International Airport (IGIA) was placed at 16th place in the List of World’s 20 Busiest Airports for 2018 prepared by Airports Council International. The list released on 9 April 2018 disclosed that Indira Gandhi International Airport handled traffic worth 63.4 million during 2017 making it the fastest growing airport in the list with growth of 14.1%. It is the first time that an Indian airport made its entry to this prestigious list.

- While Atlanta’s Hartsfield-Jackson International airport topped the list, it was the only airport that registered a decline in number of passengers. Beijing and Dubai were ranked at second and third places.

- The list also disclosed that New York’s John F. Kennedy (JFK) International Airport is no longer amongst world's 20 busiest airports, thanks to the rush in Asia.

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3) Prime Minister Narendra Modi on 10 April 2018 attended the concluding ceremony of the Champaran Satyagraha's centenary celebrations in Motihari (Bihar) where he led the nation in offering the gratitude to this iconic movement led by Mahatma Gandhi. What was the theme of this centenary celebration? - "Satyagrah se Swachhagrah"

Explanation: "Satyagrah se Swachhagrah" was the theme selected for the concluding ceremony of the Champaran Satyagrah's centenary celebrations that was held on 10 April 2018 in Motihari in Bihar. Cleanliness was chosen as the pivot for this historic occasion and the Prime Minister addressed around 20,000 'Swachhagrahis' (cleanliness ambassadors).

- Swachhagrahis are the 'foot soldiers' and motivators to implement the community approaches to sanitation at the village level. 

- Mahatma Gandhi had launched the Champaran Satyagrah on 10 April 1917 against the British to fight for rights of farmers who were forced to undertake indigo cultivation. The success of this movement inspired the Mahatma to take on his fight against British to greater levels.

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4) What is the name of the framework devised by the NABARD for regional rural banks (RRBs) that aims at enabling RRBs that fail to meet prudential requirements relating to numerous performance parameters? - ‘Prompt Corrective Action (PCA) Framework’

Explanation: ‘Prompt Corrective Action (PCA) Framework’ is the framework devised by the National Bank of Agriculture and Rural Development (NABARD) for regional rural banks (RRBs). It primarily aims at enabling RRBs that fail to meet prudential requirements relating to capital adequacy, net non-performing assets (NNPAs) and return on assets (ROA) to take self-corrective action to arrest further deterioration in their financial position.

- The PCA will be invoked if RRBs breach trigger points on three parameters: capital to risk-weighted assets (CRAR) ratio, assets (NPAs), and profitability (ROA). It will be implemented based on the findings of NABARD’s inspection with reference to RRBs’ financial performance in FY2019.

- PCA Framework is quite similar to the revised one the RBI unveiled for scheduled commercial banks nearly a year ago.

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