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- In April 2023, Union Minister of Micro, Small & Medium Enterprises, Narayan Tatu Rane launched the revamped CGTMSE Scheme in Mumbai, Maharashtra.
In CGTMSE, what does ‘C’ stand for?
1) Central
2) Current
3) Credit
4) Capital
5) CoverageAnswer-3) Credit
Explanation:
On April 27, 2023, the Union Minister Narayan Tatu Rane, Ministry of Micro, Small & Medium Enterprises (M/o MSME) launched the revamped Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) Scheme in Mumbai, Maharashtra.
i. This launch was on the lines of an additional corpus support of Rs 9,000 crore in the Union Budget for FY 2023-24 to CGTMSE to revamp its Scheme to provide guarantee for additional Rs 2 lakh crore to MSEs.
ii. Key Revamped Measures:
• Reduction in guarantee fees for loans upto Rs 1 crore by 50% bringing the minimum guarantee fee to the level of 0.37% pa only.
• Raising of ceiling for guarantee from Rs 2 crore to Rs 5 crore
• Enhancing the threshold limit for claim settlement without initiation of legal action to Rs 10 lakh. - Who has recently (in April ‘23) inaugurated 91 new 100W FM Transmitters of All India Radio (AIR) across 18 States and 2 UTs to boost radio connectivity in India?
1) Ashwini Vaishnaw (Union Minister of Communications)
2) Anurag Singh Thakur (Union Minister of Information and Broadcasting)
3) Jitendra Singh (MoS of Science and Technology)
4) Amit Shah (Union Minister of Home Affairs)
5) Narendra Modi (Prime Minister of India)Answer-5) Narendra Modi (Prime Minister of India)
Explanation:
Prime Minister (PM) Narendra Modi virtually inaugurated All India Radio’s (AIR) 91 new 100W FM Transmitters which have been installed in 85 districts across 18 States and 2 Union Territories (UTs) to give a further boost to radio connectivity in India.
• The States and UTs which are covered include Bihar, Jharkhand, Odisha, West Bengal, Assam, Meghalaya, Nagaland, Haryana, Rajasthan, Uttar Pradesh, Uttarakhand, Andhra Pradesh, Kerala, Telangana, Chhattisgarh, Gujarat, Madhya Pradesh, Maharashtra, Ladakh and Andaman & Nicobar Islands.
i. With this expansion of AIR’s FM service, an additional 2 crore people will now be covered who did not have access to the medium. It will result in the expansion of coverage in about 35,000 sq km area.
ii. The services of DD (Doordarshan) free dish, the largest DTH (Direct-to-Home) platform in India, are being provided to 4 crore 30 lakh homes. - India’s first cable-stayed railway bridge called ‘Anji Khad bridge’ in __________ (state/UT) will be ready in May 2023 with the cost of over Rs.400 crore.
1) Arunachal Pradesh
2) Jammu & Kashmir
3) Uttarakhand
4) Himachal Pradesh
5) SikkimAnswer-2) Jammu & Kashmir
Explanation:
On 26th April 2023, the Anji Khad cable-stayed train bridge, the 96 cables on India’s 1st cable-stayed bridge connecting Katra and Reasi in Jammu and Kashmir (J&K), have been installed, which will enable its ‘superstructure’ to be ready in May 2023 with the cost of over Rs.400 crore. The cable-stayed bridge portion is 473 metres (m) long and has a total length of 725m.
i. The bridge is a vital rail link between Kashmir and the rest of India that runs for 326km from Udhampur to Baramulla via Srinagar. The cable-stayed train bridge crosses the Anji River, a tributary of the Chenab.
ii. The bridge forms an important link in Indian Railways’ aim to connect J&K to the rest of the country with all-weather rail connectivity. It connects Katra and Reasi via tunnels T2 and T3 on the Katra-Banihal section. - Name the company that has recently (in April ‘23) signed a definitive agreement with NPCI International Payments to facilitate global e-commerce payments through Unified Payments Interface (UPI).
1) Worldline
2) Capgemini
3) Atos
4) Ingenico
5) PPROAnswer-5) PPRO
Explanation:
On April 27, 2023, NPCI International Payments, a wholly-owned subsidiary of National Payments Corporation of India (NPCI), signed a definitive agreement with digital payments infrastructure provider PPRO to facilitate global e-commerce payments through Unified Payments Interface (UPI).
i. Aim: To expand RuPay card and UPI acceptance globally such as Payment Service Providers (PSPs) and global merchant acquirers
ii. This agreement will facilitate NPCI International’s expansion into foreign markets and will add India to PPRO’s Local Payment Method (LPM) coverage map.
Note- PPRO is a fintech company (Headquarters– London, United Kingdom) that provides digital payments infrastructure to businesses and banks so that they can scale their checkout, acquiring, and risk services through one connection. - Which company has recently (in April ‘23) joined with the Open Network for Digital Commerce (ONDC) to offer payment reconciliation service for Network Participants (NPs)?
1) Freecharge
2) ZestMoney
3) Lendingkart Technologies
4) Razorpay
5) MobiKwikAnswer-4) Razorpay
Explanation:
Razorpay, a fintech payments and banking platform for businesses joined with the e-commerce network Open Network for Digital Commerce (ONDC), a non-profit company set up by the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry (MoCI), as an alternative for internet shopping.
i. With this, Razorpay becomes the first payment gateway to launch a Payment Reconciliation Service for Network Participants (NPs) like buyers, sellers, and logistic partners on ONDC.
ii. This will provide them with an integrated single view of all their transactions. - Name the bank that has recently (in April ‘23) partnered with the Redington Limited to offer Solar Loans of up to Rs 5 crore.
1) ICICI Bank
2) HDFC Bank
3) State Bank of India
4) Bank of Baroda
5) Bank of MaharashtraAnswer-3) State Bank of India
Explanation:
Redington Limited (formerly known as Redington (India) Limited) and State Bank of India (SBI) have partnered to offer Solar Loans of up to Rs 5 crore at interest rates linked to rates that the bank charges its best customers.
i. As of 27th April 2023, the interest rates for these solar loans range between 9.5% and 10%, according to Pradeep Srikanthan, Vice President of Solar Equipment Group, Redington Limited. - As per market capitalization (m-cap) in April 2023, ___________ has overtaken Infosys Limited to become India’s 6th largest company, while Reliance Industries Limited (RIL) tops the list.
1) Hindustan Unilever Limited
2) ITC Limited
3) Wipro Limited
4) Vedanta Limited
5) Dabur LimitedAnswer-2) ITC Limited
Explanation:
ITC Limited has overtaken Infosys Limited, an Indian multinational information technology company, to become India’s 6th largest company, as per market capitalization(m-cap). ITC’s market cap stands at Rs 5.11 lakh crore (as of April 24, 2023) while the market cap of Infosys (7th place) stands at ~Rs 5.08 lakh crore.
i. India’s 5 biggest companies: Reliance Industries Limited (RIL) is India’s largest company with a market cap of ~Rs 16.07 lakh crore followed by Tata Consultancy Services (TCS) with ~Rs 11.62 lakh crore and HDFC Bank with ~Rs 9.28 lakh crore.
• ICICI Bank stands at the 4th position with an m-cap of ~Rs 6.38 lakh crore and Hindustan Unilever Limited (HUL) stands at 5th place with an m-cap of ~Rs 5.85 lakh crore. - Which of the following points is/are “correct” with respect to the Green World Awards 2023 presented by the Green Organization in April 2023?
1) Vedanta Limited has been conferred Global Gold Award in the Environmental Policy & Management category at the Green World Awards 2023.
2) Power Grid Corporation of India Limited (POWERGRID) has been conferred Global Gold Award in the CSR (Corporate Social Responsibility) category.
3) The Delhi Metro Rail Limited won the Global Silver Award in the Environmental Policy category of the Green World Awards 2023.
4) Both 1 & 2
5) Both 2 & 3Answer-4) Both 1 & 2
Explanation:
On 24th April 2023, the Green Organization, London, United Kingdom (UK), presented the Green World Awards 2023, at Miami International Airport in the United States of America (USA).
i. Indian Award Winners:
• Vedanta Limited has been conferred Global Gold Award in the Environmental Policy & Management category at the Green World Awards 2023.
• Power Grid Corporation of India Limited (POWERGRID), a Maharatna Central Public Sector Undertaking (CPSU) of the Ministry of Power (MoP), has been conferred Global Gold Award in the CSR (Corporate Social Responsibility) category.
• The Chennai Metro Rail Limited (CMRL) won the Global Silver Award in the Environmental Policy category of the Green World Awards 2023.
ii. Other Winners: Grupo Ambipar of Brazil has been named the Green World Champion of Champions 2023 for their project Sustainable Biocapsules-Transforming Waste into trees. - Which company has recently (in April ‘23) selected ‘A Madhavarao’ as its Chairman and Managing Director (CMD)?
1) Bharat Electronics Limited
2) Bharat Heavy Electricals Limited
3) Hindustan Aeronautics Limited
4) Bharat Dynamics Limited
5) Mishra Dhatu Nigam LimitedAnswer-4) Bharat Dynamics Limited
Explanation:
A Madhavarao, Director (Technical) of Bharat Dynamics Limited (BDL) has been selected for the Post of Chairman and Managing Director (CMD), Bharat Dynamics Limited (BDL) recommended by Public Enterprises Selection Board (PESB).
i. The interview process has been conducted with 5 candidates (including A Madhavarao): 2 from Bharat Heavy Electricals Limited (BHEL) and one each from the India Navy and the Indian Air Force (IAF) and A Madhavarao were selected among the 5 candidates by the PESB Selection Panel. - When was the World Day for Safety and Health at Work 2023 observed across the globe?
1) 28th April 2023
2) 25th April 2023
3) 27th April 2023
4) 24th April 2023
5) 26th April 2023Answer-1) 28th April 2023
Explanation:
World Day for Safety and Health at Work 2023 was observed across the globe on 28th April 2023 under the theme of “A safe and healthy working environment as a fundamental principle and right at work”.
i. The day was observed to promote the prevention of occupational accidents and diseases globally. The day is an awareness-raising campaign intended to focus international attention on the importance of the problem.
• The 1st ever World Day for Safety and Health at Work was observed on 28th April 2003.
ii. “World Memorial Day” or “International Commemoration Day for Dead and Injured Workers” was another global event observed on April 28 by the International Trade Union Confederation (ITUC) to remember action for workers killed, disabled, injured, or made unwell by their work.
- In April 2023, Union Minister of Micro, Small & Medium Enterprises, Narayan Tatu Rane launched the revamped CGTMSE Scheme in Mumbai, Maharashtra.
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