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Privatization of Railways - Economic Development 1. Of the Rs 50 lakh crores planned to be infused for development of Indian railways, only a part can be financed through the Budget 2020 and the rest to be met by Private players. 2.  So, GoI (Government of India) decided to open some of the busiest passenger train routes to private players. Why are Private players required? 1. During normal times, demand for train seats is more than the supply. This leads to huge wait-lists, overcrowding of trains and loosing of business to other modes like road and air. 2. The Indian Railways (IR) passenger segment is a loss-making business as only 57% of cost is met through sale of tickets and the rest is cross-subsidized through freight operations. 3. There is stiff competition between passenger trains and freight trains on the overcrowded IR network. 4. The opening up of Dedicated Freight Corridor will easen the IR network for passenger train segments and will be an opportunity to engage privat...

इकोनॉमिस्ट इंटेलिजेंस यूनिट ने हाल ही में ‘सेफ सिटीज इंडेक्स’ जारी किया है, इस सूचकांक में टोक्यो पहले स्थान पर है। इस सूचकांक में 60 देशों के शहरों को शामिल किया गया है, इसम...

The Ministry of Home Affairs (MHA) clarified that former Prime Minister Manmohan Singh continues to have Z plus security cover, after the withdrawal of Special Protection Group (SPG) from his security. Around 35 CRPF commandos will provide round-the-clock security to him under the changed set-up. About: In India, Government of India provides security to some high-risk individuals by the police and local government. Individuals under this security blanket include the President, Vice-President, Prime-Minister, Supreme Court and High Court Judges, Service Chiefs of Indian Armed Forces, Governors of State, Chief Ministers and Cabinet Ministers. Categories of security: Special Protection Group (SPG) category: Strength of security detail is Classified (only provided to the current and former Prime Ministers of India and their immediate family members.) Z+ category: It has a security cover of 55 personnel (Including 10+ NSG Commando) + (Police Personnel) Z category: It ha...

RBI has decided to transfer a sum of ₹1.7 Lakh crore to the Government of India – comprising of ₹1.2 Lakh crore of surplus for the year 2018-19 and ₹52,637 crore of excess provisions identified as per the revised Economic Capital Framework (ECF) adopted – to address the fiscal situation of the government to a great extent. About:  Reserve Bank of India (RBI) had constituted an “Expert Committee to Review the Extant Economic Capital Framework of the RBI” under the Chairmanship of Dr. Bimal Jalan. Major recommendations of the Committee with regard to risk provisioning and surplus distribution are as follows: RBI’s economic capital: A clearer distinction between the two components of economic capital (realized equity and revaluation balances) was recommended. Realized equity could be used for meeting all risks/ losses as they were primarily built up from retained earnings. Revaluation balances could be reckoned only as risk b...

Defence Research and Development Organisation (DRDO) handed over the design of Mobile Metallic Ramp (MMR) to the Indian Army. About: The MMR has been designed and developed by DRDO’s premier research laboratory, Centre for Fire, Explosive and Environment Safety (CFEES). With load bearing capacity of 70 metric ton (MT), MMR will provide the strategic mobility for Armoured and Mechanized units and formations of the Army. It is portable, modular in design, which can be easily assembled or disassembled.

There are 8 classical dances in india : 1. Kuchipudi = andhra pradesh . 2.  Kathakali = kerala 3 . Mohiniyattam = kerala 4.  Bharathanatyam in TN 5 . Odissi in odisha 6.  Kathak in UP 7 . Manipuri in manipur 8.  Sattriya in assam ------------------------------------------

Serial blasts across Sri Lanka Mains-GS-3-Security 1. Over 200 people were killed and nearly 500 injured in a series of blasts that shook Sri Lanka on Easter Sunday. 2. Churches and luxury hotels were targeted in the deadliest incidents since the civil war ended a decade ago. 3. Eight blasts occurred in and around the capital Colombo and in the eastern city of Batticaloa when large groups gathered at churches for Easter services. 4. Most of the blasts appear to have been suicide bombings. No group has claimed responsibility for the blasts. 5. Investigating authorities in Sri Lanka are yet to disclose the names of the suspects or the alleged perpetrators. 6. The scale and savagery of the attacks that clearly targeted Christians have left Sri Lankans devastated. Curb on Social Media 1. Sri Lankan law enforcement have urged the public to stay indoors following series of blasts. 2. Sri Lankan government blocked social media platforms like Facebook and Instagram to prevent the spr...

📖Imporant MCQs : 05 April 2019 ====================== ❓Which country recently honoured PM Narendra Modi with its highest decoration Zayed Medal? ✔️ United Arab Emirates ❓ The Reserve Bank of India fixed the Repo Rate at what percent in its First Bi-monthly Monetary Policy Statement 2019-20? ✔️ 6.00% ❓Which country recently introduced harsh sharia laws that make adultery and homsexuality punishable by stoning to death? ✔️ Brunei ❓ Which city will host the NuGen Mobility Summit 2019? ✔️ Gurugram ❓ How many Advance Pricing Agreements (APAs) were signed by the Central Board of Direct Taxes in March 2019? ✔️ 18 ❓Which institute has recently found a new enzyme which helps in breaking cell walls of bacteria? ✔️ Centre for Cellular & Molecular Biology ❓ Which country is going to launch 5G Network for first time in the world? ✔...

The Economist Intelligence Unit has released the report of the Worldwide Cost of Living Survey 2019. Findings of the Survey For the first time in its 30-year history, three cities have been accorded the title of the world’s most expensive city in the Worldwide Cost of Living Survey from The Economist Intelligence Unit. Singapore which top’s of the rankings for the sixth consecutive year is joined there by Hong Kong and Paris. Zurich in Switzerland stood at the fourth position followed by Japan’s Osaka which shared fifth place with Geneva, also in Switzerland. Seoul (South Korea), Copenhagen (Denmark) and New York (US) were jointly placed at the seventh spot. Los Angeles (US) along with Israel’s Tel Aviv was named the 10th most expensive city in the world. The cost of living in Chinese cities remains relatively stable, while Southeast Asian destinations were moving up the ranks. Weaker local currencies have pushed all five Australian and two New Zealand cities surveyed down ...