Daily : April 2, 2018

Small Industries Development Bank of India (SIDBI)

Question: In which year Small Industries Development Bank of India (SIDBI) was set up under an Act of Indian Parliament?
(a) 1989
(b) 1990
(c) 1991
(d) 1992
Answer: (b)
Related Facts:

  • On April 2nd, 2018, SIDBI celebrated its foundation day as day of Sampark (connect), Sanwad (interaction), Suraksha (security) and Sampreshan (disseminate).
  • Small Industries Development Bank of India (SIDBI), acts as the Principal Financial Institution for Promotion, Financing and Development of the Micro, Small and Medium Enterprise (MSME) sector as well as for co-ordination of functions of institutions engaged in similar activities.
  • It was set up on 2nd April 1990 under an Act of Indian Parliament.
  • Chairman Managing Director of SIDBI Shri Mohammad Mustafa launched a series of initiatives.
  • In his interaction CMD mentioned that SIDBI has taken a series of steps both from direct lending (launch of growth support to MSME -SMILE loans around 8.12% and enhancing its footprint through string of Resident Representative Office ) as also policy advocacy ( launch of CRISIDEX, to gauge MSME aspirations, and MSME pulse, the health tracker for MSMEs).
  • A new step forward in commencing Bancassurance services for MSMEs was also taken.
  • An MoU was signed with The New India Assurance Co. Ltd. and two MSMEs were issued insurance policies.
  • SIDBI is thus evolving as one stop solution provider.
  • On launching the revamped SIDBI website (www.sidbi.in) on this occasion CMD mentioned that it is an attempt to reimagine the site to reflect the new vibrant face of SIDBI.
  • Chairman SIDBI also launched Samridhhi- the virtual assistant on banks revamped universal loan portal udyamimitra.in. It will answer standard queries of aspirants 24*7.
  • During the day, a ‘Bankability Kit’ (brought in partnership with Bank of Baroda and IDBI Bank) was also launched.
  • It is a step to look beyond financial literacy and be a trusted guide for aspirants and existing entrepreneurs to know entrepreneurial self, know banker & know banking.


Smart India Hackathon 2018

Question: The Software Edition Grand Finale of Smart India Hackathon 2018 was held at which of the following places?
(a) Kavaraipettai
(b) Hyderabad
(c) Pune
(d) Indore
Answer: (a)
Related Facts:

  • Smart India Hackathon 2018 – Software Edition Grand Finale was organized here at the R.M.K. Engineering College at Kavaraipettai, Thiruvallur District near Chennai, Tamil Nadu.
  • 41 teams from different parts of India consisting of 246 students competed in the grand finale for the 14 problem statements posed by MoHUA and the State Governments.
  • A total of 340 Problem Statements have been proposed across the Ministries/Departments/ States etc.
  • Total 1282 teams comprising more than 10,000 young Engineering students and their mentors participated in the event.
  • Ministry of Housing and Urban Affairs participated as a host of Chennai Nodal Centre which is a combined initiative involving the Ministry of Human Resources Development, All India Council of Technical Education (AICTE), Inter-Institutional Inclusive Innovations (i4c) and Persistent Systems Ltd.
  • The following seven software problems are found hackathonable:
  • Posting/transfers at the level of JE/AE/EE in CPWD (Works Div/CPWD)
  • The impact of GST can vary from sector to sector and depends on whether the project is under execution (Economic Division)
  • Stakeholder Engagement for Urban Planning and Management (Smart City)
  • Urban Mobility (Smart City)
  • Common Mobility App (Urban Transport)
  • Common Platform for Vehicle Registration (Urban Transport)
  • E-Measurement Book (Delhi Division/DDA)
  • The State Governments have also sent problem statements relating to Pradhan Mantri Awas Yojana (PMAY), Urban Local Bodies (ULBs), Swachhata, Real Estate Regulation Act etc.
  • It is note worthy that Smart India Hackathon 2018 is a digital product development competition involving all Technology institutes in India with a reach to approximately 30 lakh students.
  • The initiative challenges the students to come out with out-of-the-box innovative ideas to build smart applications which will help address major real time problems in our country.
  • All India Council for Technical Education (AICTE) under the aegis of Ministry of Human Resource Development (MHRD) and in collaboration with i4c, MyGov, Persistent Systems, and Rambhau Mhalgi Prabodhini organized this event across India.
  • With 27 Union Ministries and Departments and 17 State Governments having joined this grand initiative this year, the Hackathon is much bigger than its previous edition.
  • It included 2 sub-editions – Software edition, which is a 36-hr software product development competition.
  • The Hardware edition, involving building of hardware solutions will be held later this year in the month of June.
  • Students from 41 teams have submitted ideas for various problems like traffic management systems, vehicle registration, revolutionizing public transport systems, urban planning and management systems and GST calculators using technologies like Artificial Intelligence, Machine Learning, IoT and Mobility.
  • 23 teams consisting of 138 students of the RMK Group of Institutions competed in the above Hackathon in various nodal centers in India.


World-Class Interpretation Centre and Tourist Amenities at Konark Sun Temple

Question: Konark Sun Temple is Odisha’s pride and development of World-Class Interpretation Centre and Tourist Amenities is a step in that direction. This development will funded by which of the given?
(a)World Bank
(b)Odisha Tourism Department
(c) The Indian Oil Foundation
(d)Odisha Government
Answer: (c)
Related Facts:

  • On April 1st, 2018, Union Minister of Petroleum & Natural Gas, Skill Development & Entrepreneurship Shri Dharmendra Pradhan, inaugurated the world-class Interpretation Centre and tourist facilities at Konark Sun Temple at Konark coinciding with Utkal Divas celebrations in Odisha.
  • Shri Dharmendra Pradhan complimented The Indian Oil Foundation (IOF), a non-profit trust fully funded by Indian Oil Corporation (Indian Oil), under the aegis of Ministry of Petroleum and Natural Gas, for developing the visitor-friendly-infrastructure and associated facilities, including a state-of-the-art Interpretation Centre that showcases the unique architectural features of Konark Sun Temple.
  • He also complemented Shri Raghunath Mahapatra for recreating the sculptural wealth of Konark sun Templeat the Iinterpretation Centre for the benefit of both national & International visitors.
  • Modern amenities that have been developed at the temple complex would attract more tourists in future.
  • It is notable that Konark Sun Temple is Odisha’s pride and it is important that the world is made aware of thisarchitectural marvel, for which the Interpretation Centre is a step in that direction.
  • UNESCO is continuously working for the preservation of heritage monuments, like the Sun Temple at Konark, across the world.


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