MICS CURRENT AFFAIRS 3rd March 2018

1 . Navika Sagar Parikrama – Tarini Enters Cape Town, South Africa 

INSV Tarini entered Cape Town (South Africa) recently during it’s maiden voyage to circumnavigate the globe. This is the first-ever Indian circumnavigation of the globe by an all-women crew.

About Navika Sagar Parikrama
  • Navika Sagar Parikrama is the name of expedition for circumnavigation the globe on INSV Tarini by Indian Navy’s Women Naval Officers.
  • The six-member all-woman team will circumnavigate and manage the whole operation in this first ever global journey.
  • The voyage is expected to be finished around March 2018 when the crew returns to goa, with only 4 port calls in Fremantle Australia; Lyttelton, New Zealand; Port Stanley, Falklands; and Cape Town, South Africa.
Significance
  • The significance of Navika Sagar Parikrama voyage is in consonance with National policy to women empowerment to attain their full potential, showcase India’s Nari Shakti on world platform and help revolutionise attitudes and mindset towards women by raising visibility of their participation in challenging environment.
  • The voyage also aims to showcase the Make in India initiative of the government by sailing on board an Indian built INSV Tarini.
  • It also encourage use of environment friendly non conventional renewable energy; as the ship harnesses wind.
  • The crew will also monitor and report marine pollution levels.
  • Apart from that the crew is also expected to interact with local people of Indian origin as well as collate and update Meteorological/Ocean Wave data on daily basis for analysis by research and development organisations and India Meteorological Department for a better forecast the weather.

 

2 . India to help build nuclear plant in Bangladesh

India, Bangladesh and Russia have signed a tripartite memorandum of understanding (MoU) for cooperation in the construction of the Rooppur nuclear power plant in Bangladesh.

The MoU was signed in Moscow by the Department of Atomic Energy of India, the Ministry of Science and Technology of Bangladesh and Rosatom.

Russia’s Role

Russia is building the nuclear power plant in Bangladesh on a turnkey basis.

India’s Role

Indian companies can be involved in construction and installation works and in the supply of equipment of a non-critical category .

Nuclear Power Cooperation of India Limited (NPCIL) will play a key role in building a nuclear power plant on foreign soil with the proposed supply of equipment and material for the power station being built by Russia in Bangladesh. India is also extending support for capacity building and has been training Bangladeshi nuclear scientists for the project.

Significance for India

It would be the first occasion where Delhi will be involved in a civil nuclear project on foreign soil. marking India’s global entry into a strategic sector. It will also boost the Make in India initiative amid a proposal by Delhi to Moscow for manufacturing of some nuclear power reactor equipment in India.

About Rooppur plant

The Rooppur plant involves two units, each with a capacity of 1200 MW and is situated on the bank of Padma river. Rooppur Nuclear Power Plant’s generation units will be based on VVER-1200 reactors of the 3+ generation technology. The VVER-1200 is the most powerful reactor in Russia and it has three key advantages: it shows high-performance, it is durable and safe. The main feature of VVER-1200 project (one of the world’s advanced reactors) is its unique combination of active and passive safety systems, which provide the maximum resistance against external and internal impact, including tornadoes, hurricanes, earthquakes, and plane crash.

 

3 . Currency in circulation almost at pre-demonetisation levels

Currency in circulation is almost at pre-demonentisation levels at 99.17 percent. It has taken fifteen months for the currency in circulation to get back to the levels of November 04, 2016, the last week end before  Rs 500 and Rs 1000 notes were banned which constituted close to Rs 8 lakh crore.

Total currency in circulation is at Rs 17.82 lakh crore as of February 23, according to the latest Reserve Bank of India data. This is about 99.17 per cent of pre-note ban levels of Rs 17.97 lakh crore on November 04’ 16.

 

4 . Five Nordic countries pitch for FTA with India

The five Nordic countries of Denmark, Norway, Finland, Iceland and Sweden have pitched for a Free Trade Agreement (FTA) with India to increase business ties.

Bilateral trade volume between India and the five Nordic countries was USD 4.3 billion, of which USD 2.2 billion was exports to India and the rest imports.

All the five Nordic countries are small economies and dependent on liberal trading.