23-28 March 2019 Current Affairs

Mission Shakti | A-SAT | GMR Airports | Levi Strauss | JKLF |

Posted on Mar 28, 2019 07:23 IST in Current Affairs.

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1) On 27 March 2019 India became the fourth country after the US, Russia and China to develop an anti-satellite (A-SAT) weapon as it successfully targeted a live satellite on low earth orbit. What is the name given to this historic mission? – “Mission Shakti” (Prime Minister Narendra Modi on 27 March 2019 announced that India had successfully targeted a live satellite on low earth orbit and registered itself as a space power. The mission carried out by Defence Research and Development Organisation (DRDO) was named “Mission Shakti”. The mission involved launch of the A-SAT from Dr. A.P.J Abdul Kalam Island launch complex off the coast of Odisha that blew up a live satellite within three minutes)

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2) Which leading corporate group is entering India’s airport business through an international consortium by acquiring stake in GMR Airports Ltd? – Tata Group (A consortium of Tata Group, a unit of Singapore’s sovereign wealth fund GIC and SSG Capital Management is investing ₹8,000 crore ($1.2 billion) to buy a stake in GMR Airports Ltd, which runs India’s biggest airport, Delhi International Airport Ltd. After the purchase, Tata will hold 20% in the airport unit, while GIC will get 15% and SSG will own 10%)

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3) Which state-owned entity acquired Centre’s 52.63% paid-up share capital in Rural Electrification Corporation (REC), as was announced on 22 March 2019? - Power Finance Corporation (State-owned Power Finance Corporation (PFC) on 22 March 2019 announced the acquisition of the Centre’s 52.63% paid-up share capital in Rural Electrification Corporation (REC). The cost of this acquisition stands at Rs. 14,500 crore. PFC is the power sector’s leading financier with exposure in power generation, transmission and clean energy projects while REC is a financing agency mostly for the government’s key energy schemes.

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4) Shares of which iconic jeans manufacturing company were traded on the US stock market after a gap of 34 years on 21 March 2019? - Levi Strauss (The descendants of Levi Strauss' founder were worth $5.6 billion following the US jeans maker's first day of trading after 34 years on 21 March 2019. Levi Strauss, who died childless in 1902, left most of his $6 million estate to his four nephews and other relatives.

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5) Which Jammu & Kashmir-based organisation was banned by the Union Government on 22 March 2019 under the provisions of the anti-terror law? - Jammu Kashmir Liberation Front (JKLF) - The Union Government on 22 March 2019 banned Yasin Malik-led Jammu Kashmir Liberation Front (JKLF) under the anti-terror law. This ban is in accordance with the government's zero-tolerance policy against terrorism. According to the government, JKLF spearheaded the separatist ideology in the valley and it's been at the forefront of separatist activities and violence since 1988.

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