{"id":56981,"date":"2020-03-12T21:00:47","date_gmt":"2020-03-12T15:30:47","guid":{"rendered":"https:\/\/blogadmin.forumias.com\/?p=56981"},"modified":"2020-03-13T17:50:51","modified_gmt":"2020-03-13T12:20:51","slug":"9-pm-current-affairs-brief-march-12th-2020","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/9-pm-current-affairs-brief-march-12th-2020\/","title":{"rendered":"9 PM Current Affairs Brief \u2013 March 12th, 2020"},"content":{"rendered":"<p><a href=\"https:\/\/indianexpress.com\/article\/technology\/tech-news-technology\/in-four-years-of-a-national-mission-total-supercomputers-built-three-6309952\/\"><span style=\"font-weight: 400;\">In four years of a national mission, total supercomputers built: three<\/span><\/a><\/p>\n<p><b>News:<\/b><span style=\"font-weight: 400;\"> India has produced just three supercomputers since 2015 under the National Supercomputer Mission (NSM).<\/span><\/p>\n<p><b>Facts:<\/b><\/p>\n<p>[read more]<\/p>\n<p><b>National Supercomputing Mission:<\/b><\/p>\n<p><b>Launched<\/b><span style=\"font-weight: 400;\">: 2015<\/span><\/p>\n<p><b>Aim<\/b><span style=\"font-weight: 400;\">: Empower national academic and R&amp;D institutions by installing a vast supercomputing grid comprising more than 70 high-performance computing facilities.<\/span><\/p>\n<p><b>Objectives:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">To make India one of the world leaders in Supercomputing and to enhance India\u2019s capability in solving grand challenge problems of national and global relevance<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">To empower our scientists and researchers with state-of-the-art supercomputing facilities and enable them to carry out cutting-edge research in their respective domains<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">To minimize redundancies and duplication of efforts, and optimize investments in supercomputing<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">To attain global competitiveness and ensure self-reliance in the strategic area of supercomputing technology<\/span><\/li>\n<\/ul>\n<p><b>Implementing Agency<\/b><span style=\"font-weight: 400;\">:Department of Science and Technology and Department of Electronics and Information Technology (DeitY), through the Centre for Development of Advanced Computing (C-DAC) and Indian Institute of Science (IISc), Bengaluru.<\/span><\/p>\n<p><b>Supercomputers Built under NSM:<\/b><\/p>\n<ol>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">PARAM Shivay installed in IIT-BHU, Varanasi<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Second Supercomputer installed in IIT-Kharagpur\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">PARAM Brahma, installed in\u00a0 IISER-Pune<\/span><\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<p><a href=\"http:\/\/www.newsonair.com\/News?title=Amazon-rainforest-may-collapse-within-decades-if-critical-point-is-reached%3A-Study&amp;id=382766\"><span style=\"font-weight: 400;\">Amazon rainforest may collapse within decades if critical point is reached: Study<\/span><\/a><\/p>\n<p><b>News: <\/b><span style=\"font-weight: 400;\">According to a study published in the journal Nature Communications, large ecosystems, such as the Amazon rainforest, may collapse and disappear quickly, once a critical point in their destruction is reached.<\/span><\/p>\n<p><b>Facts:<\/b><\/p>\n<p><b>Key takeaways:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">An ecosystem the size of the Amazon could collapse in approximately 50 years once a tipping point had been reached.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">For a system the size of the Caribbean coral reefs, collapse could occur in 15 years once triggered.<\/span><\/li>\n<\/ul>\n<p><b>Additional information:<\/b><\/p>\n<p><b>Amazon rainforest<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">It is a moist broadleaf tropical rainforest in the Amazon biome that covers most of the Amazon basin of South America.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The majority of the forest is contained within Brazil (60%), followed by Peru Colombia with 10%, and with minor amounts in Venezuela, Ecuador, Bolivia, Guyana, Suriname and French Guiana.<\/span><\/li>\n<\/ul>\n<p><b>Caribbean Coral reefs:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Most Caribbean coral reefs are fringing reefs.However, other important coral reefs are present in the Caribbean- Example:The Mesoamerican Barrier Reef, stretching from the tip of the Yucatan Peninsula in Mexico to the Bay Islands of Honduras, is the second-largest barrier reef system in the world.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><a href=\"http:\/\/newsonair.com\/News?title=Govt-plans-to-create-75-lakh-SHGs-by-2022%3a-Narendra-Singh-Tomar&amp;id=382628\"><span style=\"font-weight: 400;\">Govt plans to create 75 lakh SHGs by 2022<\/span><\/a><\/p>\n<p><b>News:<\/b><span style=\"font-weight: 400;\">The government is planning to create a total of 75 lakh Self Help Groups by 2022 to enable more women to get a livelihood.<\/span><\/p>\n<p><b>Facts:<\/b><\/p>\n<p><b>Self Help Groups (SHGs):<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">NABARD defines SHGs as \u201csmall economical homogenous affinity groups of rural poor, voluntarily formed to save and mutually contribute a common fund to be lent to its members as per group decision\u201d<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The concept of Self-Help Groups was introduced in 1992 under the guidelines of RBI and NABARD.<\/span><\/li>\n<\/ul>\n<p><b>NABARD guidelines on SHG<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The ideal size of an SHG is 10 to 20 members.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The group need not be registered<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">From one family, only one member is allowed.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Members have the same social and financial background<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.indiatoday.in\/education-today\/news\/story\/dst-sanctions-rs-7-25-cr-to-iit-mandi-to-establish-technology-innovation-hub-1654389-2020-03-11\"><b>New Hub Under National Mission on Interdisciplinary Cyber Physical Systems<\/b><\/a><\/p>\n<p><b>News:<\/b><span style=\"font-weight: 400;\">Department of Science and Technology (DST) has decided to establish a Technology Innovation Hub(TIH) at IIT Mandi under the National Mission on Interdisciplinary Cyber-Physical Systems (NM-ICPS).<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b>Facts:<\/b><\/p>\n<p>&nbsp;<\/p>\n<p><b>About the Hub:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><b>Aim:<\/b><span style=\"font-weight: 400;\">To<\/span> <span style=\"font-weight: 400;\">focus on human-computer interaction(HCI) research where projects will focus on design and development of computer technology (interfaces) and the study of interaction between humans(users) and computers.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><b>About Cyber Physical Systems(CPS):<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Cyber Physical Systems(CPS) are a new class of engineered systems that integrate computation and physical processes in a dynamic environment.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">It encompasses technology areas of Cybernetics, Internet of Things (IoT), Big Data, Artificial Intelligence (AI) among others.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The potential applications are a) Driverless cars that communicate securely with each other on smart roads b) Sensors in the home to detect changing health conditions among others.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><b>About NM-ICPS:<\/b><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Launched in 2018 by the Department of Science &amp; Technology for a period of five years.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li><b>Aim:<span style=\"font-weight: 400;\">To create a seamless ecosystem for CPS by coordinating and integrating nationwide efforts encompassing knowledge generation, human resource development, research, technology, innovation and commercialization.<\/span><\/b><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Under this, Technology Innovation Hubs (TIH), Application Innovation Hubs(AIH) and Technology Translation Research Parks(TTRP) will be established.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">These hubs will connect to Academics, Industry, Central Ministries and State Government in developing solutions at reputed academic, R&amp;D and other organizations across the country in a hub and spoke model.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/www.thehindu.com\/news\/national\/coronavirus-states-to-be-asked-to-invoke-epidemic-disease-act-centre\/article31043653.ece\"><b>Epidemic Disease Act,1897<\/b><\/a><\/p>\n<p><b>News:<\/b><span style=\"font-weight: 400;\">Cabinet Secretary has advised all states and Union Territories should invoke provisions of Section 2 of Epidemic Diseases Act,1897 so that Health Ministry advisories are enforceable.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b>Facts:<\/b><\/p>\n<p>&nbsp;<\/p>\n<p><b>About Epidemic Disease Act:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Epidemic Diseases Act,1897 aims to provide for the better prevention of the spread of dangerous epidemic diseases.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The Act was introduced by the British in 1897 to tackle the epidemic of bubonic plague that broke out in the then state of Bombay.\u00a0<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><b>Key Provisions of the Act:<\/b><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"font-weight: 400;\"><b>Section 2: <\/b><span style=\"font-weight: 400;\">It empowers state governments\/UTs to take special measures and formulate regulations for containing the outbreak.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li><b>Section 2A: <span style=\"font-weight: 400;\">It empowers the central government to take steps to prevent the spread of an epidemic.<\/span><\/b><\/li>\n<\/ul>\n<ul>\n<li>Section 3: <span style=\"font-weight: 400;\">Any person disobeying any regulation or order made under this Act shall be deemed to have committed an offence punishable under section 188 of the Indian Penal Code.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"font-weight: 400;\"><b>Section 4: <\/b><span style=\"font-weight: 400;\">It gives legal protection to the implementing officers acting under the Act.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/indianexpress.com\/article\/explained\/explained-at-1-bonds-and-the-concern-over-rbis-reconstruction-plan-for-yes-bank-6309538\/\"><b>Explained:AT-1 bonds<\/b><\/a><\/p>\n<p><b>News:<\/b><span style=\"font-weight: 400;\">The Reserve Bank of India(RBI) reconstruction plan for Yes Bank has put at risk nearly Rs 9,000 crore worth of AT-1 bonds.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b>Facts:<\/b><\/p>\n<p>&nbsp;<\/p>\n<p><b>About AT-1 Bonds:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Additional tier-1 bonds also called AT1 are a type of unsecured, perpetual bonds that banks issue to shore up their core capital base to meet the Basel-III norms.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The Reserve Bank of India(RBI) is the regulator of AT-1 bonds.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><b>Key Features of AT-1 bonds:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Bonds are perpetual and carry no maturity date.Instead,they carry call options that allow banks to redeem them after five or 10 years.However, banks are not obliged to use this call option and can opt to pay only interest on these bonds for eternity.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Investors cannot return these bonds to the issuing bank and get the money.This means there is no put option available to its holders.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Banks issuing AT-1 bonds can skip interest payouts for a particular year or even reduce the bonds face value provided their capital ratios fall below certain threshold levels.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">If the RBI feels that a bank is on the brink of collapse and needs a rescue, it can simply ask the bank to cancel its outstanding AT-1 bonds without consulting its investors.\u00a0<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><b>Additional information:<\/b><\/p>\n<p>&nbsp;<\/p>\n<p><b>About Basel Norms:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Basel norms refer to broad supervisory standards formulated by a group of central banks- called the Basel Committee on Banking Supervision (BCBS).<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The norms aim to ensure that financial institutions have enough capital on account to meet obligations and absorb unexpected losses.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Basel-III norms were introduced in response to the financial crisis of 2007-09.The measures aim to strengthen the regulation, supervision and risk management of banks.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/www.thehindu.com\/news\/national\/lpg-scheme-closed-but-only-3-states-have-become-kerosene-free\/article31033878.ece\"><b>Pradhan Mantri Ujjwala Yojana(PMUY)<\/b><\/a><\/p>\n<p><b>News:<\/b><span style=\"font-weight: 400;\">Recently,the Parliamentary committee\u2019s has released a report on the performance of the PM Ujjwala Yojana.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b>Facts:<\/b><\/p>\n<p>&nbsp;<\/p>\n<p><b>Key takeaways from the Report:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">In September, 2019 Government has met the target of eight crore LPG connections under the Pradhan Mantri Ujjwala Yojana.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">However,only three States have become kerosene free namely Haryana, Punjab and Andhra Pradesh.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">On the other hand,the Union Territories that have become kerosene-free are Delhi, Chandigarh, Daman &amp; Diu, Dadra &amp; Nagar Haveli, Andaman &amp; Nicobar Island and Puducherry.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><b>About Pradhan Mantri Ujjwala Yojana (PMUY)<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Launched in 2016 by the Ministry of Petroleum &amp; Natural Gas.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Aim<\/b><span style=\"font-weight: 400;\">:To replace unclean cooking fuels used in the most underprivileged households with clean and more efficient LPG (Liquefied Petroleum Gas).<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Objective of the scheme<\/b><span style=\"font-weight: 400;\">: a) Empower women and protect their health b) Reduce the serious health hazards associated with cooking based on fossil fuel c) Reduce the number of deaths in India due to unclean cooking fuel and d) To prevent young children from significant number of acute respiratory illnesses caused due to indoor air pollution.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Beneficiaries<\/b><span style=\"font-weight: 400;\">:Under the scheme,an adult woman member of a below poverty line family identified through the Socio-Economic Caste Census (SECC) is given a deposit-free LPG connection with financial assistance of Rs 1,600 per connection by the Centre.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/www.downtoearth.org.in\/news\/climate-change\/climate-change-will-pose-greater-threat-to-global-security-by-2030-military-experts-69647\"><b>World Climate and Security report<\/b><\/a><\/p>\n<p><b>News:<\/b><span style=\"font-weight: 400;\">The International Military Council on Climate and Security(IMCCS) has released the World Climate and Security report.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b>Facts:<\/b><\/p>\n<p>&nbsp;<\/p>\n<p><b>Key takeaways from the report:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Climate change-exacerbated water insecurity is a significant driver of instability and will pose a significant or higher risk to global security by 2030.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The forced displacement and scale of natural disasters would increase by 2040.Hence, as a result the projected conflicts within nations would also increase.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><b>About International Military Council on Climate and Security(IMCCS):<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The International Military Council on Climate and Security (IMCCS) was launched at The Hague, Netherlands in 2019.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">It is an umbrella network of senior military leaders across the globe that meets regularly to drive policies in support of international actions on the security implications of a changing climate.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">It is administered by the Center for Climate and Security, a non-profit organization.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/www.thehindu.com\/business\/Economy\/shared-economy-at-2-bn-by-end-2020\/article31034036.ece\"><b>Shared economy at $2 bn by end-2020<\/b><\/a><\/p>\n<p><b>News:<\/b><span style=\"font-weight: 400;\">According to a recent report by Maple Capital Advisors, the Shared economy in India is estimated to be about $2 billion industry by the end of 2020.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b>Facts:<\/b><\/p>\n<p>&nbsp;<\/p>\n<p><b>About Shared Economy:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The sharing economy is an economic model defined as a peer-to-peer (P2P) based activity of acquiring, providing or sharing access to goods and services that is often facilitated by a Online platform.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">It includes segments such as co-working (Awfis, WeWork India), co-living (Stanza Living, OYO Life), shared mobility (Uber, Ola) and furniture rental (Furlenco, Rentomojo).<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/www.livemint.com\/news\/india\/rbi-receives-rs-1-71-trillion-in-ltro-11583154924469.html\"><b>Long Term Repo Operation(LTRO)<\/b><\/a><\/p>\n<p><b>News:<\/b><span style=\"font-weight: 400;\">The Reserve Bank of India has received \u20b91.71 trillion in the third long-term repo operation(LTRO) conducted for an amount of Rs 25,000 crore.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b>Facts:<\/b><\/p>\n<p>&nbsp;<\/p>\n<p><b>About LTRO:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Long Term Repo Operation(LTRO) is a mechanism to facilitate the transmission of monetary policy actions and to inject liquidity into the banking system to boost credit growth.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Under this,the central bank provides one-year to three-year money to banks at the prevailing repo rate accepting government securities with matching or higher tenure as the collateral.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Usually,loans with higher maturity periods (here like 1 year and 3 year) will have higher interest rates compared to short term (repo) loans.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The operations are being conducted on Core Banking Solution (E-KUBER) platform.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><b>Significance of LTRO:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Enhance liquidity in the banking system by Rs 1 lakh crore.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">It is expected to bring down short-term rates and also boost investment in corporate bonds.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Bring down the cost of funds for banks without effectively cutting deposit rates.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Encourage banks to push transmission of already announced interest rate cuts.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><b>Additional information:<\/b><\/p>\n<p>&nbsp;<\/p>\n<p><b>About Repo and Reverse Repo:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Repo Rate is the rate at which the RBI lends money to the banks for a short term.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Reverse Repo Rate is the short term borrowing rate at which RBI borrows money from banks.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><b>About E-Kuber:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">E-Kuber is the Core Banking Solution(CBS) of Reserve Bank of India introduced in 2012.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">It provides a high degree of access to commercial banks and other institutions to their current account with the RBI.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/pib.gov.in\/PressReleseDetailm.aspx?PRID=1606021\"><b>Integrated Project for Source Sustainability and Climate Resilient Rain-Fed Agriculture<\/b><\/a><\/p>\n<p><b>News:<\/b><span style=\"font-weight: 400;\">The Government of India, Himachal Pradesh and World Bank has signed a US$80 million loan agreement to implement Integrated Project for Source Sustainability and Climate Resilient Rain-Fed Agriculture in Himachal Pradesh.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b>Facts:<\/b><\/p>\n<p>&nbsp;<\/p>\n<p><b>About the Project:<\/b><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li><b>Aim:<span style=\"font-weight: 400;\">To improve water management practices and increase agricultural productivity in selected Gram Panchayats in Himachal Pradesh.<\/span><\/b><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><b>Additional information:<\/b><\/p>\n<p>&nbsp;<\/p>\n<p><b>Other World Bank Assisted Projects:<\/b><\/p>\n<p>&nbsp;<\/p>\n<p><b>About Dam Rehabilitation and Improvement Project (DRIP):<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Launched in 2012 by the Central Water Commission(CWC) under the Department of Water Resources, Ministry of Jal Shakti.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">It is an externally-aided project with 80% of the cost is provided by the World Bank as loan\/credit and remaining 20% is borne by the States \/ Central Government.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Aim: <\/b><span style=\"font-weight: 400;\">a) improve the safety and operational performance of selected existing dams and associated appurtenances in a sustainable manner and b) improve institutional capacities for dam safety evaluation and implementation at the Central and State levels.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The Central Dam Safety Organisation of Central Water Commission is coordinating and supervising the Project implementation.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><b>About Integrated Irrigation Project for Climate Resilient Agriculture:<\/b><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Launched by the Government of Odisha with the assistance of the World Bank and Government of India.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li><b>Aim:<span style=\"font-weight: 400;\">To support small landholding farmers in order to strengthen the resilience of their production systems against adverse climatic conditions by improving access to climate resilient seed varieties and production technologies.<\/span><\/b><\/li>\n<\/ul>\n<p>[\/read]<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In four years of a national mission, total supercomputers built: three News: India has produced just three supercomputers since 2015 under the National Supercomputer Mission (NSM). Facts: [read more] National Supercomputing Mission: Launched: 2015 Aim: Empower national academic and R&amp;D institutions by installing a vast supercomputing grid comprising more than 70 high-performance computing facilities. Objectives:&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/9-pm-current-affairs-brief-march-12th-2020\/\">Continue reading <span class=\"screen-reader-text\">9 PM Current Affairs Brief \u2013 March 12th, 2020<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":48116,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[14,9],"tags":[],"class_list":["post-56981","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-9-pm-brief","category-public","entry"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2019\/06\/9-PM-Brief.png?fit=1000%2C500&ssl=1","views":{"total":0,"cached_at":1700771089,"cached_date":1704633614},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/56981","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=56981"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/56981\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media\/48116"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=56981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=56981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=56981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}