Daily Current Affairs Quiz PDF of 31st January 2018
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India and the World Bank have signed a $100 million loan agreement to support Tamil Nadu Rural Transformation Project. This is expected to promote rural enterprises, facilitate their access to finance, and create employment opportunities for youth, particularly women, in selected blocks of Tamil Nadu across 26 districts, directly benefitting over 400,000 people.
About Tamil Nadu Rural Transformation Project:
The Tamil Nadu Rural Transformation Project will create an enabling environment for producer organisations and enterprises to promote businesses across select value chains. The project will enable producer organizations and enterprises in Tamil Nadu build businesses that will help them access finance, markets and networks and generate employment.
It will also specifically support eligible households from socially and culturally disadvantaged groups harness their existing assets, skills, and resources; break their entry barriers to value-added economic activities; enhance their ability to access finance, markets, technology, and related support services; help them graduate to value-added economic activities with higher returns such as garment manufacturing and food processing units, eco-tourism ventures, and businesses around creative industries.
Thar Link Express, the solitary rail link between India and Pakistan has received an extension for three more years from Islamabad.
About the Thar Link Express:
The Thar Link Express connects Khokhrapar in Pakistan and Munabao in Rajasthan. The agreement to run the Thar Link Express was signed in 2006 and is one of the cheapest means of transport between the two rival countries. The rail link facilitates people-to-people contacts which Pakistan believes are essential for improving relations between both the countries.
As per the latest data released by World Steel Association, India is the world’s third-largest steel producer.
Key facts:
- India remained the world’s third-largest steel producer for the third year in a row in 2017. India had grabbed the third slot in steel production in 2015 from the US after long been holding the fourth slot.
- In 2017, China and Japan have occupied top two positions respectively.
About the World Steel Association:
What is it? Worldsteel is a non-profit organisation with headquarters in Brussels, Belgium. A second office in Beijing, China, opened in April 2006.
Background: The World Steel Association (worldsteel) was founded as the International Iron and Steel Institute on 10 July 1967. It changed its name to the World Steel Association on 6 October 2008.
Representation: Worldsteel represents over 160 steel producers (including 9 of the world’s 10 largest steel companies), national and regional steel industry associations, and steel research institutes. Worldsteel members represent around 85% of world steel production.
Goals of Worldsteel:
- To act as the focal point for the steel industry providing global leadership on all major strategic issues impacting the industry, particularly focusing on economic, environmental and social sustainability.
- Deliver benchmarking analysis and drive global improvement initiatives in the areas of environmental protection, technology, safety and people development.
- Promote global market development opportunities for steel and promote steel to the world at large.
- Provide on a timely basis world-class economic data and analysis on the global steel industry and its value chain, as well as assessments on life cycle aspects of steel.
- Increase awareness, understanding and support for the steel industry amongst all external stakeholders and key target audiences worldwide.
- Promote market competition that is free of government interventions preventing fair trade.
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