28 and 29 April Flashcards
_______& _____granted ‘Navratna status’ by Department Of Public Enterprises
The Department of Public Enterprises (DPE), Ministry of Finance has granted Navratna status
to Indian Renewable Energy Development Agency Ltd (IREDA). The DPE has also granted the
Navratna Status to Housing and Urban Development Corporation Limited (HUDCO). IREDA’s
net profit rose by 32% year-on-year to Rs 337 crore, remaining steady quarter-on-quarter.
➢ Assets under management (AUM) grew by 26.8% year-on-year to Rs 59,698 crore.
Navratna status is granted by the Indian government to top-tier Public Sector
Undertakings (PSUs), allowing them to make investments up to Rs 1,000 crore without
central approval.
The NTPC Limited (formerly known as National Thermal Power Corporation) has inked a pact
with Japan Bank for International Cooperation (JBIC) for sourcing foreign currency loans of _________
million (Japanese Yen (JPY) 30 billion or around Rs 1,650 crore).The loan is co-financed by Sumitomo
Mitsui Banking Corporation and the Bank of Yokohama Ltd.
The NTPC Limited (formerly known as National Thermal Power Corporation) has inked a pact
with Japan Bank for International Cooperation (JBIC) for sourcing foreign currency loans of USD 200
million (Japanese Yen (JPY) 30 billion or around Rs 1,650 crore).The loan is co-financed by Sumitomo
Mitsui Banking Corporation and the Bank of Yokohama Ltd.
________ has been designated as a Miniratna Category-I
Central Public Sector Enterprise (CPSE) by the Ministry of Power, Government of India, highlighting
its crucial role in India’s power landscape
. Grid Controller of India Limited (GRID-INDIA) has been designated as a Miniratna Category-I
Central Public Sector Enterprise (CPSE) by the Ministry of Power, Government of India, highlighting
its crucial role in India’s power landscape
In April 2024, the Indian Space Research Organisation (ISRO)’s long-term satellite imagery
covering the catchments of Indian Himalayan river basins from 1984 to 2023, revealed that
around __________ glacial lakes have notably expanded since 1984.
Explanation:
The Indian Space Research Organisation (ISRO)’s long-term satellite imagery covering the catchments
of Indian Himalayan river basins from 1984 to 2023 shows that more than 27% of the identified
glacial lakes in the Himalayas have expanded since 1984.
* Among the 2,431 lakes larger than 10 hectares identified during 2016-17, around 676 glacial
lakes have notably expanded since 1984.
* Out of these 676 lakes, 601 have expanded more than twice; 10 lakes have grown between 1.5
to 2 times and 65 lakes have expanded 1.5 times. Elevation-based analysis shows that 314
lakes are in the 4,000 to 5,000 metres (m) elevation range, while 296 lakes are above 5,000 m.
Which Indian Naval Ship (INS) has recently (in April’ 24) participated in Maritime
Partnership Exercise with the United Kingdom(UK) Littoral Response Group South(LRGS)?
INS Sahyadri
Explanation:
Indian Navy’s indigenous stealth frigate, Indian Naval Ship(INS) Sahyadri participated in Maritime
Partnership Exercise with the United Kingdom(UK) Littoral Response Group South(LRGS) comprising
British Royal Navy’s Royal Fleet Auxiliary(RFA) Argus and RFA Lyme Bay at Sea.
* To improve interoperability and strengthen maritime cooperation between India and U.K.
* The exercise included Tactical manoeuvres, Boarding operations, Surface engagement against
simulated asymmetric threats, Cross-deck visits and Cross-deck helicopter operations
- In April 2024, The Indian Naval Ship_______ representing the First Training Squadron (1TS),
joined Exercise Cutlass Express – 24 (CE – 24) at Port Victoria, Seychelles.
2.In April 2024, The Indian Navy (IN) commissioned the Indian Naval Ship __________at Minicoy,
the southernmost island in Lakshadweep. - In February 2024, Indian Navy Commissioned Survey Vessel _______(Yard 3025) in
Visakhapatnam.
- In April 2024, The Indian Naval Ship (INS) Tir representing the First Training Squadron (1TS),
joined Exercise Cutlass Express – 24 (CE – 24) at Port Victoria, Seychelles.
2.In April 2024, The Indian Navy (IN) commissioned the Indian Naval Ship (INS) Jatayu at Minicoy,
the southernmost island in Lakshadweep. - In February 2024, Indian Navy Commissioned Survey Vessel INS Sandhayak (Yard 3025) in
Visakhapatnam.
What should be the minimum net worth of Small Finance Banks (SFBs) (as of April’ 24) at the
end of the previous quarter(audited)to be eligible for conversion into Universal Banks(UBs)?
Rs 1000 crore
Explanation:
On 26th April 2024, Reserve Bank of India (RBI) laid out a framework in the form of eligibility
conditions for the voluntary transition of Small Finance Banks(SFBs) to Universal Banks(UBs).
* RBI laid down some conditions for conversion of SFBs into UBs like these SFBs must have
minimum paid-up capital of Rs 1000 crore, satisfactory track record of performance for
minimum 5 years etc.
* These conditions are in reference to “Guidelines for ‘on-tap’ Licensing of Small Finance
Banks in Private Sector” issued on 5th December, 2019. These guidelines provide a transition
path for SFBs to convert into UBs.
Note: On 1st April 2024, RBI approved the merger of Fincare SFB into AU Small Finance Bank Limited.
Now, there are 11 SFBs in India. Click here to read more
- The minimum paid-up equity capital of the payments bank shall be _________. The payments
bank shall be required to maintain a minimum capital adequacy ratio of 15 percent of its risk
weighted assets (RWA) on a continuous basis, subject to any higher percentage as may be prescribed
by RBI from time to time. - RBI has raised the minimum capital requirement for ARCs to begin securitisation to Rs __________,
compared with Rs 100 crore earlier on October 11, 2022. - The Regional Rural Banks (Amendment) Bill, 2014 was introduced by the Minister of Finance, Mr.
Arun Jaitley, in Lok Sabha on December 18, 2014. The Bill seeks to amend the Regional Rural Banks
Act, 1976. The Act provides for the authorised capital of each RRB to be Rs _______
- The minimum paid-up equity capital of the payments bank shall be Rs. 100 crore. The payments
bank shall be required to maintain a minimum capital adequacy ratio of 15 percent of its risk
weighted assets (RWA) on a continuous basis, subject to any higher percentage as may be prescribed
by RBI from time to time. - RBI has raised the minimum capital requirement for ARCs to begin securitisation to Rs 300 crore,
compared with Rs 100 crore earlier on October 11, 2022. - The Regional Rural Banks (Amendment) Bill, 2014 was introduced by the Minister of Finance, Mr.
Arun Jaitley, in Lok Sabha on December 18, 2014. The Bill seeks to amend the Regional Rural Banks
Act, 1976. The Act provides for the authorised capital of each RRB to be Rs 5 crore.
Which regulatory/ statutory body has recently (in April’ 24) notified a framework for
Category I and Category II Alternative Investment Funds (AIFs) in the infrastructure sector to
raise debt by pledging the equity of their investee companies?
Securities and Exchange Board of India
Explanation:
Securities and Exchange Board of India (SEBI) has notified a framework for Category I and Category
II Alternative Investment Funds (AIFs) in the infrastructure sector to raise debt by pledging the
equity of their investee companies.
* In this regard, SEBI (AIF) Regulations, 2012 has been amended and notified SEBI (AIF)
(second amendment) Regulations, 2024.
* Category I and Category II AIFs can create encumbrances on invested companies’ equity in
the infrastructure sector to facilitate debt raising, under Regulation 16(1)(c) and 17(c) of AIF
Regulations, subject to compliance with RBI regulations. Click here to read more
Which organisation has recently (in April’ 24) pledged USD 23.6 billion in 2023 to help Asia
and Pacific Progress on Sustainable Development?
Asian Development Bank
- In March 2024, The World Bank(WB) approved a new project worth ______ to improve
connectivity for over 1.8 million people living in rural areas of Assam. The Assam Resilient Rural
Bridges Program will strengthen the resilience and management of roads and bridges to help people living in 1,739 villages. Project approved for fiscal year 2024. - National Bank for Financing Infrastructure and Development (NaBFID)plans to raise up to Rs________ (USD4.8 billion) in local currency bonds, according to people familiar with the matter, as the newly created Indian lender aims to more than double its loan disbursement.
- In January 2024, Asian Infrastructure Investment Bank (AIIB) invested INR ______
(approximately USD 58.4 million) in Sustainable Energy Infra Trust (SEIT) for AIIB’s project ‘India:
Project Meridian’.
Key Points: SEIT is India’s largest renewable energy Infrastructure Investment Trust (InvIT).
- In March 2024, The World Bank(WB) approved a new project worth USD 452 million to improve
connectivity for over 1.8 million people living in rural areas of Assam. The Assam Resilient Rural
Bridges Program will strengthen the resilience and management of roads and bridges to help people
living in 1,739 villages. Project approved for fiscal year 2024. - National Bank for Financing Infrastructure and Development (NaBFID)plans to raise up to Rs
40,000 crore (USD4.8 billion) in local currency bonds, according to people familiar with the matter, as
the newly created Indian lender aims to more than double its loan disbursement. - In January 2024, Asian Infrastructure Investment Bank (AIIB) invested INR 486 Crore
(approximately USD 58.4 million) in Sustainable Energy Infra Trust (SEIT) for AIIB’s project ‘India:
Project Meridian’.
Key Points: SEIT is India’s largest renewable energy Infrastructure Investment Trust (InvIT).
Which life insurance company has recently (in April’ 24) partnered with Peerless Financial
Products Distribution Ltd. (PFPDL) for corporate agency tie-ups?
HDFC Life Insurance
- In February 2024, Thrissur (Kerala) based __________ announced a
bancassurance partnership with Edelweiss Tokio Life Insurance Company Limited to offer life
insurance products to a wider range of customers, particularly those in underserved communities. - On 17th February 2024, the _______launched ‘______Amritbaal
Plan 874’, a new Non-Linked, Non-Participating, Individual, Savings, Life Insurance plan.The plan is
designed to meet the higher education and other financial needs of the child. - Mumbai (Maharashtra) based _________
has launched a comprehensive women’s health insurance plan ‘Health PowHER’ designed specifically for women. The plan aims to address the various needs of women across the different stages of their
lives.
- In February 2024, Thrissur (Kerala) based ESAF Small Finance Bank(SFB) announced a
bancassurance partnership with Edelweiss Tokio Life Insurance Company Limited to offer life
insurance products to a wider range of customers, particularly those in underserved communities. - On 17th February 2024, the Life Insurance Corporation of India (LIC) launched ‘LIC Amritbaal
Plan 874’, a new Non-Linked, Non-Participating, Individual, Savings, Life Insurance plan.The plan is
designed to meet the higher education and other financial needs of the child. - Mumbai (Maharashtra) based Future Generali India Life Insurance Company Limited (FGILI)
has launched a comprehensive women’s health insurance plan ‘Health PowHER’ designed specifically
for women. The plan aims to address the various needs of women across the different stages of their
lives.
Which organisation has recently (in April’ 24) partnered with the Foundation for Innovation
& Research in Science & Technology (F.I.R.S.T) at Indian Institute of Technology (IIT) Kanpur to
boost innovation in Mobile Financial Services (MFS) and Fintech solutions?
Ericsson India
- In February 2024, _______Limited and LeRemitt partnered to create a cross-border platform to
enable MSME to conduct international transactions. - In January 2024, _______ partnered with Digivriddhi to provide financial services to
support dairy farmers. The services offered to Village Dairy Cooperative Societies associated with
Milk Unions of Karnataka Milk Federation (KMF).
4.________ in collaboration with the United States of America based Flywire
Corporation to simplify cross border education payments for Indian students pursuing studies
abroad.
- In February 2024, Yes Bank Limited and LeRemitt partnered to create a cross-border platform to
enable MSME to conduct international transactions. - In January 2024, Karnataka bank partnered with Digivriddhi to provide financial services to
support dairy farmers. The services offered to Village Dairy Cooperative Societies associated with
Milk Unions of Karnataka Milk Federation (KMF). - State Bank of India (SBI) in collaboration with the United States of America based Flywire
Corporation to simplify cross border education payments for Indian students pursuing studies
abroad.
Name the personality who has been recently (in April’ 24) named as Ambassador of ICC
Men’s T20 World Cup 2024.
Yuvraj Singh
. Yuvraj Singh joins West Indies cricketer Chris Gayle,
and Jamaican Athlete Usain Bolt (8-time Olympic Gold Medallist) as the first ambassadors of the
2024 T20 World Cup.
ii. Sana Mir, Former Pakistan women’s cricketer, has been named the ambassador of the ICC
Women’s T20 World Cup Qualifier 2024, being held in Abu Dhabi, the United Arab Emirates(UAE)
from 25th April to 7th May 2024
