16 Apr 2018: UPSC Exam PIB Summary & Analysis

India Signs Loan agreement with World Bank for USD 48 million

  • India has signed A Loan Agreement for IBRD loan of USD 48 million for the “Meghalaya Community – Led Landscapes Management Project (MCLLMP)” with the World Bank.
  • The Objective of the Project is to strengthen community-led landscapes management in selected landscapes in the State of Meghalaya.

The Project consists of three components:

  • Strengthening Knowledge and Capacity for Natural Resource Management.
  • Community-led landscape planning and implementation and
  • Project Management and Governance.

 

Plastic Waste Management (amendment) rules

  • The Ministry of Environment, Forest and Climate Change has notified the Plastic Waste Management (Amendment) Rules 2018. 
  • The amended Rules lay down that the phasing out of Multilayered Plastic (MLP), which are “non-recyclable, or non-energy recoverable, or with no alternate use.” 
  • The amended Rules also prescribe a central registration system for the registration of the producer/importer/brand owner. 
  • The centralised registration system will be evolved by Central Pollution Control Board (CPCB) for the registration of the producer/importer/brand owner.
  • While a national registry has been prescribed for producers with presence in more than two states, a state-level registration has been prescribed for smaller producers/brand owners operating within one or two states.
  • In addition, Rule 15 of the Plastic Waste Management (Amendment) Rules 2018 on “explicit pricing of carry bags” has been omitted. 

 

Auction for Sale (Re-issue) of Government Stocks, Floating Rate Bonds

  • The Government of India has announced the Sale (Re-issue) of
  • “6.65 per cent Government Stock, 2020” for a notified amount of ` 2000 crore(nominal) through price based auction.
  • “Government of India Floating Rate Bonds 2024” for a notified amount of `3000 crore(nominal) through price based auction.

Type of Government bonds

Dated Government securities:

  • Dated Government securities are long term securities or bonds of the government that carries a fixed or floating coupon (interest rate).
  • Mostly financing the fiscal deficit is the most important purpose for issuing the dated securities.
  • The securities are named as dated securities because of the date of maturity expressed.

Floating Rate Bonds:

  • Floating Rate Bonds are those securities which do not have a fixed coupon rate/interest rate.
  • The coupon rate is re-set at the pre-announced intervals (such as, every six months or one year).

Zero Coupon bonds:

  • Zero coupon bonds are those which do not pay any interest to the bondholders.
  • They are offered at a large discount on the face value of the bond.
  • On maturity, the bondholder receives the face value of his investment.

 

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