GK Today: Daily Current Affairs for UPSC IAS Preparation: 14 September 2018

BEML launches India’s first 205T Electric Drive Rear Dump Truck

BEML Limited, a defence public sector company, has launched an indigenously designed and developed country’s first 205T Electric Drive Rear Dump Truck (Model BH205-E), with an objective of strengthening the ‘Make in India’ initiative. This new rear dump truck is expected to address the growing demand for higher capacity equipment in the mining industry. BH205E, electric drive rear dump truck for large scale mining operations, is powered by Tier -II emission compliant Modular Common Rail Electronic Engine with 2300 HP. The AC drive system has been engineered to provide exceptional haul road performance with reduced maintenance. The Dump Truck is environmental friendly in relation to mechanical drive due to its superior efficiency. The dump truck weighs 335 tons when fully loaded but is easily manoeuvrable with power-steering and short turning radius. Other salient features of the truck include good visibility in addition to safety features with provisions for emergency steering, breaking and proximity warning.

 

Cabinet approves MoU on blockchain by Exim Bank 

The Cabinet approved an agreement on collaborative research on distributed ledger and blockchain in context of the development of digital economy by Exim Bank with the participating member banks under BRICS Interbank Cooperation Mechanism. The ex-post facto approval for the Memorandum of Understanding (MoU) was given by the Cabinet chaired Prime Minister Narendra Modi. Distributed Ledger/Blockchain technology holds potential for solutions to various challenges being faced in the financial sector space of the BRICS nations. The MoU intends to enhance understanding of Distributed Ledger/Block Chain technology, through the joint research efforts to identify areas within respective business operations where it may have the potential for applications aimed at enhancing the operational efficiencies.

 

Cabinet approves amendment to National Institute of Design (NID) Act, 2014

The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given its approval for introduction of Bill in Parliament for amendment of NID Act, 2014 to include the four new National Institutes of Design (NID) viz. National Institute of Design, Amaravati/Vijayawada, Andhra Pradesh; National Institute of Design, Bhopal, Madhya Pradesh; National Institute of Design, Jorhat, Assam and National Institute of Design, Kurukshetra, Haryana within the ambit of the National Institute of Design Act, 2014 and to declare them as Institutions of National Importance (INIs) at par with the National Institute of Design, Ahmedabad. Some minor amendments to the Act including consequential amendments considered necessary namely, to re-name NID Vijayawada as NID Amaravati and nomenclature of Principal Designer as equivalent to Professor are also proposed in the Bill. Establishing new NIDs as Institutions of National Importance in different geographical regions of the country will help produce highly skilled manpower in design.