18 May 2017 Current Affairs is available now for the users to read.
18 May 2017 Current Affairs
1) India’s Cleanest railway station ic Vishakhapatnam
Vishakhapatnam railway station is the cleanest railway stations out of the 407 station in the country, Indian railway reported as result of audit.
Under the A1 category of railway stations – Vishakhapatnam (Andhra Pradesh) topped the list followed by Secunderabad (Telengana) and Jammu Tawi (Jammu and Kashmir)
In A category, Beas (Punjab) bagged the first position followed by Khammam (Telangana) and Ahmednagar (Maharashtra).
Darbhanga ( Bihar) railway station is the dirtiest among the busiest stations.
2) BSF begins operation along international border in Rajasthan
The BSF has started operation ‘Garam Hawa’ in the western sector in Rajasthan, under which vigil along the international border with Pakistan has been stepped up.
The operation is being conducted to curb infiltration. Mission is to reinforce and strengthen the BSF’s vigil along the border during the summer.
3) India to set up 7000 mw nuclear plants to gain self-sufficiency in power
India will set up 7000 mw of indigenous nuclear power plants, power, coal, renewable and mines. Union Cabinet has approved the scheme that will promote energy self-sufficiency, clean, carbon free sources of power and place India high among nuclear power countries. Decision will lead to Rs 70,000 crores domestic orders for pressurized heat water reactors and create 33,000 direct and indirect jobs.
4) Cabinet approves establishment of lARI in Assam
Union Cabinet Committee on Economic Affairs, chaired has approved the setting up of Indian Agricultural Research Institute (lARI) in Assam.
Department of Agriculture Research and Education (DARE) / Indian Council for Agricultural Research (ICAR) under the scheme, the establishment of the Indian Agricultural Research Institute (lARI)-Assam seeks to set up the Institute on 580 acre of land provided by the Govt. of Assam.
5) Govt clears new coal linkage policy for supply
Government has approved a new policy under which fuel supply to the power sector will be either through the auction route or power purchase pact based on competitive bidding of tariffs.
CCEA approved fading away of the existing LoA-FSA regime and introduction of a new more transparent coal allocation policy for power sector (Scheme for Harnessing and Allocating Coal Transparently in India).- SHAKTI
6) Ratings of IDBI Bank Downgrades
India Ratings and Research downgraded State-run IDBI Bank to AA from AA+ and gave a negative outlook due to challenges arising out of stressed assets and weak capital position.
The Reserve Bank had recently initiated ‘prompt corrective action’ for the bank on account of higher NPAs and negative return on assets but still the action is short and rating downgraded.