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Showing posts from March 15, 2012

Gk exam ready notes 11 self-evaluation and facts

Some Points are hidden as part of quiz exercise. use mouse to highlight text and see the complete answer and self-evaluate

1. Chandrayaan-1 was India's first unmanned lunar probe launched by the Indian Space Research Organisation in October 2008, and operated till August 2009. 2. The spacecraft was launched by PSLV-C11 from Satish Dhawan Space Centre, Sriharikota, Nellore District, Andhra Pradesh. 3. The Chandrayaan-1 mission was aimed at high-resolution remote sensing of the moon in visible, near infrared (NIR), low energy X-rays and high-energy X-ray regions. 4. The objectives of the mission were: to prepare a three dimensional atlas (with high spatial and altitude resolution of 5-10 m) of both near and far side of the moon; to conduct chemical and mineralogical mapping of the entire lunar surface for distribution of mineral and chemical elements such as Magnesium, Aluminum, Silicon, Calcium, Iron and Titanium as well as high atomic number elements such as Radon, Uranium & Thori…

current affairs March 2012 01

Advisory Group on Asset Reconstruction Firms favoured $20 billion Limit for Investments by FIIs A government-appointed advisory group on asset reconstruction firms that submitted its report to Finance Minister Pranab Mukherjee favoured $20 billion limit for investments by foreign institutional investors(FIIs) in security receipts (SRs) issued by securitisation firms. The report of the advisory group also recommended a subcap of 10% participation by foreign institutional investors in SRs be removed.

Security receipts are the ones issued by a securitisation company for a period of seven years to qualified institutional buyer or banks as they do not pay cash upfront.

The advisory group constituted to look into the condition of ARCs, in its report recommended that reconstruction firms should be allowed to buy performing loans from banks, arrange them in groups, and issue bonds on such groups or securitise in banking parlance.

RBI rejected the proposal to allow ARCs deal with h…

Railway Budget Highlights 2012-13

Railway Budget Highlights
Introduction of satellite based real time train information system (SIMRAN) to provide train running information to passengers through SMS, internet, etc. Passenger fares increased marginally. The increase will be by 2 paise per km for suburban and ordinary second class; 3 paise per km for mail/express second class; 5 paise per km for sleeper class; 10 paise per km for AC Chair Car, AC 3 tier and First Class; 15 paise per km for AC 2 tier and 30 paise per km for AC I. Minimum fare and platform tickets to cost Rs. 5. 50% concession in fare in AC-2, AC-3, Chair Car & Sleeper classes to patients suffering from ‘Aplastic Anaemia’ and ‘Sickle Cell Anaemia’. Extending the facility of travel by Rajdhani and Shatabdi trains to Arjuna Awardees. SMS on passenger mobile phone in case of e-ticket to be accepted as proof of valid reservation. On board passenger displays indicating next halt station and expected arri…