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Current Affairs 20th March 2020

1. Tamil Nadu tops in farm credit disbursals
  • Loans worth Rs 1,63,289 Cr out of a total of Rs 10,33,183 Cr distributed across India till December 31 this fiscal.
  • Andhra Pradesh & UP were 2nd & 3rd in agricultural credit disbursals.
  • Kerala, which is not a major agricultural State, came fourth.
2. Govt to mobilise ₹51,000 Cr more via Treasury-Bills to bridge cash flow mismatch
  • The Government, in consultation with the Reserve Bank of India, has decided to mobilise Rs 51,000 crore more through auction of Treasury-Bills (T-Bills)
  • During the remaining period of quarter ending March 2020.
  • Earlier estimated cost of borrowing via T-Bills- Rs 24,000 Cr.
3. APEDA signs MoU with SFAC
  • APEDA = Agricultural and Processed Food Products Export Development Authority
  • SFAC = with Small Farmers Agribusiness Consortium
  • Signed a MoU  To bring in better synergy in the activities,
  • The MoU is aimed at addressing the obstacles faced by FPOs.
  • APEDA is under the Ministry of Commerce and Industry.
4. India conducts Joint Air Exercise with Myanmar
  • A Tabletop Exercise between the IAF & the Myanmar Air Force was conducted at Prayagraj on the theme of HADR.
  • HADR = High availability disaster recovery
  • Objectives (i) Planning of HADR operation in each scenario,
  • (ii) Learn best practices & executing mission during HADR disasters.
  • 20-member team of IAF participated in the exercise.
5. Defence Manufacturing Hub to be setup in UP
  • Honourable Finance Minister in his Budget Speech on 1st February 2018 had announced setting up of two Defence Industrial Corridors in the country.
  • In pursuance to the said announcement, it has been decided to develop one such corridor in Uttar Pradesh.
  • The investment of Rs. 3700 crores were announced for this.
6. DAC approves procurement of 83 indigenous Tejas fighter aircraft for Indian Air Force
  • DAC = Defence Acquisition Council
  • The DAC also accorded approval for acquisition of indigenous Defence equipment for about 1,300 crore rupees.
  • Chief of Indian Air Force : Rakesh Kumar Singh Bhadauria.
7. India signs agreement with USA for supply of arms
  • One contract and two Letters of Offer and Acceptance (LOAs) have been concluded with the US
  • For procurement of Helicopters and Self Protection Suite.
  • Countries such as US, Russia, France, Germany, Israel, UK are leading exporters of defence equipment.
  • The delivery of the helicopters will commence from May 2021.
8. 138 distribution camps have been organised under RVY as on March 2020
  • Department of Social Justice & Empowerment launched a scheme namely ‘Rashtriya Vayoshri Yojana’ on 1 April 2017
  • Objective of the scheme is to provide the senior citizens, living BPL & suffering from any of age-related disability with such assisted living devices.
  • The Scheme is implemented through ALIMCO.
9. Pradhan Mantri Fast Track Project: 498 ongoing Railway Projects are at different stages
  • Rs 47,841 Cr have been included in 2020-21 Budget.
  • Piyush Goyal is the current Union Minister for Railways.
10. Operation Twist: RBI receives Rs 27,096 Cr bids in 5th LTRO
  • LTRO = long-term repo operations.
  • The fifth LTRO conducted for an amount of Rs 25,000 Cr with a tenure of 3 years.
  • Earlier this week, RBI had announced to conduct additional LTROs for up to a total amount of Rs 1 lakh Cr.
  • Bid to cover ratio is 1.1.
11. STMicroelectronics, Aligarh University tie up to develop wireless chargers for EV
  • EV = Electronic Vehicle
  • Both STMicroelectronics and Aligarh Muslim University of UP will bring parts of their home-grown technologies to the projects.
  • STMicroelectronics is a French multinational company.
12. Rampaging ATK grab historic third ISL title
  • With a 3-1 victory over arch-rival Chennaiyin FC.
  • ISL is a football league in India.
  • For sponsorship reasons, the competition is officially known as Hero Indian Super League.
  • Final held without spectators owing to the COVID-19 pandemic.
13. Lok Sabha passes Aircraft (Amendment) Bill to give statutory status to DGCA
  • Bill that seeks to convert Directorate General of Civil Aviation & 2 other existing bodies under the Civil Aviation Ministry into statutory bodies was passed by Lok Sabha.
  • It also seeks to give statutory status to Bureau of Civil Aviation Security & AAIB.
  • AAIB- Aircraft Accidents Investigation Bureau.
14. Ordnance Factories observe their 219th foundation day
  • Ordnance Factories are observing their 219th foundation day on 18th of March.
  • The first Ordnance Factory, now known as the Gun and Shell Factory in Kolkata was established on 1801.
  • Ordnance Factories are a conglomerate of 41 ordnance factories under OFB.
  • Ordnance Factory Board Headquarters- Kolkata.
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