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Prelim Bits 23-12-2017

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December 23, 2017

Mission Antyodaya

  • Under the mission, Department of Rural Development in partnership with State Governments has involved in ranking 50,000 Gram Panchayats.
  • The ranking is based on parameters of physical infrastructure, human development and economic activities.
  • It facilitates identification of gaps in a quest for poverty free gram panchayats and drive economic activities.
  • Public institutions like Krishi Vigyan Kendras, MSME Clusters will be involved for enhancing productive employment and economic activities.

Pare Hydroelectric Plant

  • The Pare hydro electric project is a run-of-the-river scheme on the Dikrong River in Arunachal Pradesh.
  • Dikrong River is one of the tributaries of Brahmaputra originates from Dafla hills and it passes through Itanagar.
  • The project is being implemented by North Eastern Electric Power Corporation (NEEPCO).
  • Earlier in 2008, Germany had signed a loan agreement with NEEPCO for providing Euro 80 million under Indo-German Bilateral Development Cooperation.
  • A loan agreement was recently signed for providing additional funding of Euro 20 million for this project.

Rewa Mega Multi Power Project

  • Rewa Mega Multi Power project with the capacity of 750 MW is located in Madhya Pradesh.
  • Power Purchase Agreement (PPA) is signed between Delhi Metro Railways Corporation (DMRC) & Madhya Pradesh Power Management Company (MPPMC).
  • Thus it becomes the first power project to conduct interstate sale of solar power to Delhi Metro.
  • It will supply 24 per cent of its power to Delhi Metro during the power project lifetime.
  • International Finance Corporation (IFC) is the transaction adviser in the project and the World Bank is funding the internal infrastructure of the project.

Pradhan Mantri Vaya Vandana Yojana (PMVVY)

  • PMVVY is a Pension Scheme under the Ministry of Finance, exclusively for the senior citizens aged 60 years and above.
  • It provides social security to protect senior citizens against a future fall in their interest income due to uncertain market conditions.
  • Life Insurance Corporation of India is the implementing agency.
  • It enables assured pension/return linked to the subscription amount based on government guarantee to LIC.
  • It provides an assured return of 8% p.a. payable monthly for 10 years and is exempted from Service Tax/ GST.
  • The ceiling of maximum pension is for a family as a whole, the family will comprise of pensioner, his/her spouse and dependants.
  • The shortfall owing to the difference between the interest guaranteed and the actual interest earned shall be subsidized by the Government of India and reimbursed to the Corporation.

Hamesha Vijayee

  • It is a major exercise carried out by Indian Army in the deserts of Rajasthan to evaluate the capability of the armed forces to strike deep into enemy territory.
  • The exercise is being conducted in an integrated air-land battle scenario.

IT Campus for Persons with Disabilities

  • The Telangana government has announced that it will set up the world’s first IT campus for Persons with Disabilities.
  • It entered in to agreement with Vindhya E-Infomedia Private Limited which will provide employment opportunities to PWD.

 

Source: PIB, BusinessLine

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