सामयिक विषय: Places

Venezuela unveils virtual currency

Venezuela

Question: Recently, Venezuelan President Nicolas Maduro announced the creation of virtual currency in the country. What is the name of this virtual currency?
(a) Furte
(b) Setro
(c) Petro
(d) Olio
Answer: (c) 
Related Facts: 

  • On December 3rd, 2017 Venezuelan President Nicolas Maduro has announced the creation of new virtual currency called ‘Petro’.
  • This currency is being introduced to reduce the economic crisis in the country.
  • This virtual currency will be supported by Venezuela’s oil, gas, gold, and diamond wealth.
  • It is the official currency of Venezuela that Bolivar Furte.
  • Venezuela is a country located in the continent of South America.
  • Its capital is Caracas.
  • Venezuela is facing a period of economic blockade due to the decline in crude prices for the past few years.
  • This country’s economy is basically based on oil exports.

Reference:                 
http://www.bbc.com/news/world-latin-america-42217798
http://money.cnn.com/2017/12/04/news/economy/venezuela-cryptocurrency/index.html

first mega coastal economic zone

India’s First Mega Coastal Economic Zone

Question: In which state will India’s first Mega Coastal Economic Zone be established?
(a) Maharashtra
(b) Goa
(c) Gujarat
(d) Andhra Pradesh
Ans: (a)
Related facts:-

  • In November 2017, the Central Government approved the establishment of India’s first mega coastal economic zone in the Jawaharlal Nehru port of Maharashtra.
  • With the creation of this economic zone, opportunities will be created to increase economic activity in the country and to generate more employment.
  • About 45 companies of telecom, auto and IT sectors will soon bid for 200 hectares of land for setting up of manufacturing units in this area.
  • For the first phase of this scheme, total investment of Rs.15, 000 crores and target of creation of more than 1.5 lakh jobs has been set.
  • Its aim is to attract big companies interested in providing services to export companies because they will also bring in technology, capital, good management and global market connectivity.
  • With the development of this sector, it will help in creating an ecosystem for the development of small and mid-capitalization companies.
  • Last year, the Union Cabinet had approved the setting up of 14 mega coastal economic zones under the Sagarmala project.

Related Links:-
http://indiatoday.intoday.in/education/story/first-mega-cez-india/1/1091759.html
http://www.ibtimes.co.in/45-companies-bid-indias-first-mega-coastal-economic-zone-749612
https://economictimes.indiatimes.com/news/economy/infrastructure/decks-cleared-for-first-mega-cez-45-companies-may-invest-rs-15k-crore-in-phase-i/articleshow/61663755.cms

Nepal opens bridge built with Indias help near China border

Newly constructed bridge was inaugurated

Question: A newly constructed RCC bridge near the Chinese border in Nepal was inaugurated H.E. Ambassador of India, Shri Manjeev Singh Puri. On which of the following rivers this bridge has been built-
(a)  Arun
(b) Kosi
(c) Bagmati
(d) Kaligandaki
Answer: (d)
Related Facts:

  • On November 05, 2017, H.E. Ambassador of India, Shri Manjeev Singh Puri inaugurated the RCC Bridge over Kaligandaki River at Jomsom in Mustang District.
  • The Government of India has extended a total of NRs (Nepalese Rupee) 4.45 Crores (430, 626 dollars) as financial assistance for construction of this project under its Small Development Programme Scheme as a part of India–Nepal Economic Cooperation Programme.
  • Before construction of the RCC Bridge, the suspension bridge built on the river Kaligandaki could not be used for motor transport.
  • People had to alight from the vehicle and took another vehicle from across the river to reach their destination.
  • The newly constructed RCC Bridge would not only provide direct motorable connectivity to the local people of Mustang but also benefit thousands of tourists and pilgrims visiting Muktinath temple and other parts of upper Mustang for trekking.

Reference:  
https://www.indianembassy.org.np/index2.php?option=hJ2VNIcdZwr-tZyUVBPCr07ClaGIY4-kHvO0PSHiSdU&id=rTc3vSUocMvgi13LiP0ewifMPk6cQQ0WxS24CdqorgI
http://ddnews.gov.in/international/indian-ambassador-inaugurates-rcc-bridge-over-kali-gandaki-river-jomsom-nepal
http://indiatoday.intoday.in/story/nepal-opens-bridge-built-with-indias-help-near-china-border/1/1082995.html

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