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Why in news?

NITI Aayog releases technical analysis of FAME II scheme.

About FAME II scheme

  • It is proposed the second phase of Faster Adoption and Manufacturing of Hybrid and Electric Vehicles in India (FAME-India) scheme which entailed providing incentives for strong hybrid and electric vehicles.
  • It proposes to give a push to electric vehicles (EVs) in public transport and seeks to encourage adoption of EVs by way of market creation and demand aggregation.

About FAME-India scheme

  • It is a scheme to incentivize the production and promotion of eco-friendly vehicles including electric vehicles and hybrid vehicles.
  • It was launched by the Ministry of Heavy Industries and Public Enterprisesin 2015.
  • Phase I of the scheme, from 1st April 2015, initially up to 31st April 2017, has been extended up to 31st March,
  • 2019 or till Notification of FAME-II, whichever is earlier.
  • FAME-India is part of the National Electric Mobility Mission Plan (NEMMP) 2020 launched in 2013.

Benefits under the scheme

  • The FAME scheme gives incentives to electric scooters, three-wheelers, electric and hybrid cars and Electric buses.
  • Under Demand Creation focus area, the purchaser of electric and hybrid vehicles is given an upfront reduction in purchase price by the dealer at the time of purchase of xEVs.
  • FAME focuses on 4 areas i.e.
  1. Technology development
  2. Demand Creation
  3. Pilot Projects
  4. Charging Infrastructure
Global Initiative of Academic Networks (GIAN)

Why in news?

The National Institute of Technology, Tiruchi, launched a five-day programme under the Global Initiative of Academic Networks (GIAN) in Higher Education, aimed at tapping the talent pool of scientists and entrepreneurs.

What is GIAN?

  • Global Initiative on Academic Network (GIAN) in Higher Education is a scheme to boost quality of the country’s higher education through international collaboration.
  • It began in 2005 as a scheme of Ministry of Human Resources Development.
  • It facilitates participation of high quality international academicians for delivering short-term courses and programs in Indian institutions.
  • Its objective is to increase footfalls of reputed international faculty to Indian academic institutes and thereby bring in international academic excellence India’s higher education institutions.
  • The National Coordinating Institute of the programme is Indian Institute of Technology Kharagpur.


Maharshi Badrayan Vyas Samman

Why in news?

Vice-President of India gave the ‘Presidential Award of Maharshi Badrayan Vyas Samman’ in New Delhi.

About the award

  • The Maharshi Badrayan Vyas Samman distinction is given in recognition of the substantial contribution in the field of Sanskrit, Persian, Arabic, Pali, Prakrit, Classical Oriya, Classical Kannada, Classical Telugu and Classical Malayalam.
  • It is conferred on persons once a year on the Independence Day (15 August).
  • The award was introduced in the year 2002.
  • It is given to selected young scholars in the age group of 30 to 45 years.
  • The Presidential award carries a certificate of honour, a memento and a one-time cash prize of Rs.1 lakh.

Place in news

Thitu Island

Why in news?

Philippine president warns of possible military action if Beijing 'touches' Thitu Island in South China Sea.

About Thitu Island

  • Thitu Island is the second largest of the naturally occurring Spratly Islands.
  • It is the largest of the Philippine-administered islands.
  • It is also known as Pag-asa Island.
  • Though administered as part of Kalayaan, Palawan, Philippines, it is also claimed by China, Taiwan and Vietnam.

World Affairs

Global Cooling Coalition

Why in news?

The first-ever global coalition on clean and efficient cooling was launched at the First Global Conference on Synergies between the 2030 Agenda and Paris Agreement in Copenhagen, Denmark.

About the coalition

  • The Global Cool Coalition is a unified front that links action across the Kigali Amendment, Paris Agreement and Sustainable Development Goals.
  • It is expected to inspire ambition, identify solutions and mobilise action to accelerate progress towards clean and efficient cooling.
  • It includes government officials from Chile, Rwanda, Denmark as well as leaders from civil society, research and academia.
  • It will complement and build upon ongoing successful programmes to advance clean and efficient cooling, including, the Cooling for All Secretariat, the Climate and Clean Air Coalition, the Kigali Cooling Efficiency Programme, private sector action like the Global Cooling Prize, and other initiatives.

Current Affair Capsules

Habrocestum Longispinum
  • Habrocestum Longispinum has been spotted for the first time in Ernakulam’s Illithodu forests, Kerala.
  • Habrocestum is a genus of jumping spiders first described in 1876 mostly occur in Eurasia and Africa and is evidence for Continental Drift Theory.

Map Aided Programme

Bosporous Strait, Bonne-Fasio Strait
  • Join:Black Sea and Marmara Sea
  • Location:Turkey
  • It forms part of the continental boundary between Europe and Asia, and divides Turkey by separating Anatolia from Thrace
  • Join:Mediterranean Sea
  • Location:Corsika — Sardinia
  • divides the Tyrrhenian Sea from the western Mediterranean Sea.

Previous Year Questions Revision Series (Pqrs)-(2013)

The Reserve Bank of India regulates the commercial banks in matters of      

  1. liquidity of assets
  2. branch expansion
  3. merger of banks
  4. winding-up of banks

Select the correct answer using the codes given below:

  • 1 and 4 only (b) 2, 3 and 4 only                 
  • 1, 2 and 3 only (d) 1, 2, 3 and 4