Miscellaneous - Current Affair, May 2018 Current Affairs Notes | EduRev

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Current Affairs : Miscellaneous - Current Affair, May 2018 Current Affairs Notes | EduRev

The document Miscellaneous - Current Affair, May 2018 Current Affairs Notes | EduRev is a part of the Current Affairs Course Daily Current Affairs (Oct`17 - Oct`18).
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10.1. CHANGE IN THE SHAREHOLDING PATTERN OF GSTN

Why in News?

The GST Council has approved a proposal to convert GST Network into a government owned entity.

Modification in the Shareholding Pattern

• The GST Network currently is 24.5 per cent owned by the Central government, 24.5 per cent held by state governments collectively, and the remaining 51 per cent is with HDFC Ltd, HDFC Bank Ltd, ICICI Bank Ltd, NSE Strategic Investment Co and LIC Housing Finance Ltd.

• After the proposed change in shareholding pattern, the Centre will own a 50 per cent stake and the rest will be held collectively by the states.

Miscellaneous - Current Affair, May 2018 Current Affairs Notes | EduRev

10.2. PRAAPTI 

Why in News?

Recently, Ministry of state for power launched a Web portal and an App namely PRAAPTI (Payment Ratification and Analysis in Power procurement for bringing Transparency in Invoicing of generators).  

About PRAAPTI 

• It will capture the Invoicing and payment data for various long-term Power Purchase Agreement (PPAs) from the Generators.

• Thus, its significance includes-

o It will also enable the consumers to evaluate financial performance of their Discoms in terms of payments being made to the generation companies.
o It would also help DISCOMs and GENCOs to reconcile their outstanding payments and enhance transparency and encouraging best practices in Power Purchase transactions.
o It would facilitate relative assessment of various State DISCOMs on Ease of making payments to various Generation Companies.

10.3. STATE SYMBOLS OF ANDHRA PRADESH AND TELANGANA 

Why in news?
Recently, Andhra Pradesh and Telangana announced its state animal, tree, flower and bird.

More from the news

• Andhra Pradesh Government Order notified 

o Black Buck also known as Krishna Jinka - State animal
o Rose Ringed Parakeet also known as Rama Chiluka - State Bird
o Neem (Vepa Chettu) - State Tree
o Jasmine (Malle Puvvu) - State Flower

• Telangana Government has retained Palapitta (Blue Jay) as the state bird and announced Jinka (deer) as state animal, Jammi Chettu as state tree and Tangedu Puvvu as the state flower.

10.4. WORLD’S FIRST FLOATING NUCLEAR PLANT 

Why in News?

Russia has created world’s first floating nuclear plant (FNPP) named as Academik Lomonosov.

About the Plant

• It is owned by the state-run nuclear energy corporation Rosatom, which is also the equipment suppliers and consultants for the Kudankulam Nuclear Power Project in Tamil Nadu.

• It has a capacity of 70MW and is equipped with two reactors of 35MW each having operational life span of 40 years.

• Upon its connection to the Power grid, Akademik Lomonosov will become the northernmost nuclear installation in the world and it is expected to be put into service in early 2019.

10.5. ZOJILA TUNNEL

Why in news?
• Recently, work was started on Zojila tunnel in the north-east of Srinagar in Jammu and Kashmir.

Importance of the tunnel

• It will provide all-weather connectivity between Srinagar, Kargil and Leh, which remain cut-off from rest of country for several months in the winter due to heavy snow.
• The project will make the travel free from threat of avalanches.
• The project is important from the strategic point of view as it will help the Leh-based 14 Corps, which is responsible for military developments in areas near the Pakistan and China borders.

Miscellaneous - Current Affair, May 2018 Current Affairs Notes | EduRev

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