Daily GK Update 15th April 2017, Important Current Affairs

1. Prime Minister Narendra Modi launched in Nagpur, a cashless/less cash township model, developed by Gujarat Narmada Valley Fertilizers and Chemicals Ltd (GNFC), across 81 townships in 12 States. These townships will deliver 2.5 lakh cashless transactions per day, translating into 9 crore cashless transactions in a year. GNFC’s township at Bharuch in Gujarat became India’s first cashless township after demonetization.

2. Loans extended under the Pradhan Mantri Mudra Yojana (PMMY) during 2016-17 have crossed the target of Rs 1,80,000 crore for 2016-17.

3. Uttar Pradesh government and the Centre have signed an MoU for the 'Power for All' scheme in the state. 

4. The Reserve Bank of India (RBI) has issued a new set of enabling provisions titled 'Revised Prompt Corrective Action (PCA) framework' to resolve the problem of banks mounting non-performing assets (NPAs), or bad loans. The new set of provisions, effective from April 1, 2017 override the existing PCA framework and are based on the financials of each bank as of March 2017.

5. The Income Tax department has launched the second phase of the ‘Operation Clean Money’ to investigate over 60,000 individuals with an aim to detect black money generation post demonetisation.

6. Prime Minister Narendra Modi dedicated 1980 MW of the Koradi super-critical thermal power project of state-run Mahagenco near Nagpur in Maharashtra to the nation.

7.Nepal and China will hold the first-ever joint military exercise named ‘Sagarmatha Friendship-2017’ from 17 April 2017 with a special focus on combating terror and disaster management.

8. Former Governor of Jammu and Kashmir Girish Chandra Saxena has passed away at the age of 90. Saxena was an Indian Police Service officer of the 1950 batch from the Uttar Pradesh cadre. 

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