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Current Affairs – 31st January and 1st February 2016

February 03, 2016 By: milind Category: Current Affairs

Current Affairs – 31st January and 1st February 2016

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1. 30th Surajkund International Crafts Mela started at Faridabad
i. The 30th edition of the Surajkund International Crafts Mela began at Surajkund in Faridabad, Haryana on 1 February 2016. The event that will continue till 15 February 2016 was inaugurated by Haryana Chief Minister Manohar Lal Khattar.
ii. Telangana was selected as the Theme State and will showcase its unique culture and rich heritage and about 300 artistes from the state will perform different folk arts. Chhattisgarh was chosen as the Theme State for the 29th Surajkund International Crafts Mela-2015. At least 23 countries will be part of the Mela, with China and Japan being the two focus countries.

iii. The first edition of the Surajkund Crafts Mela was hosted in 1987. The Mela is organized by the Surajkund Mela Authority and Haryana Tourism in collaboration with Union Ministries of Tourism, Textiles, Culture and External Affairs.
iv. Traditional craftsmen (artists, painters, weavers and sculptors) from all parts of the country participate in this annual mela and showcase some of the most exquisite handlooms and handicrafts of India and culture. Handmade fabrics soaked in ethnic colours make an eye catching display for the visitors.
v. Every year a theme State and a Partner Nation is chosen. Theme State is chosen with a view to promote and focus the art, craft and cuisine of the theme State whereas Partner Nation is chosen to showcases the best of that nation’s art, culture, traditions and heritage.
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Daily GK Update – Current Affairs – 30th January 2016

February 01, 2016 By: milind Category: Current Affairs

Daily GK Update – Current Affairs – 30th January 2016

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1. Uttar Pradesh joins UDAY scheme
i. Uttar Pradesh became the fourth state to join the Centre’s scheme to revive state electricity distribution utilities on Saturday. The state government signed a memorandum of understanding with the Centre and the Uttar Pradesh Power Corporation Ltd, the holding company of the various electricity distribution utilities in the state.
ii. Under the Ujwal DISCOM Assurance Yojana (UDAY), the state government will take over Rs. 39,900-crore of debt of the electricity distribution utilities. The balance Rs. 13,300-crore of debt will be issued as state guaranteed DISCOM bonds at coupon rates that are 3 per cent lower than the current interest cost. This would help save the distribution utilities Rs. 1,600 crore annually.

iii. Efficiency measures including reduction of AT&C losses will help bring additional revenue of Rs. 17,700 crore to the distribution utilities.
iv. The four states – Jharkhand, Chhattisgarh, Rajasthan and Uttar Pradesh – which have signed MoUs for joining UDAY, account for about 35 per cent of the outstanding loans of state electricity distribution utilities in the country.
v. Uttar Pradesh expects to start issuing the bonds by the second week of February. “There is very good investor appetite for the bonds. We have had discussions with insurance companies, provident fund organisations and liquidity does not appear to be a problem,” Goyal added.
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