Government Receives _____ in Dividend from NTPC.

Daily Current Affairs

â‚¹1,387 Crore

â‚¹1,487 Crore

â‚¹1,587 Crore

â‚¹1,687 Crore

Correct Answer : â‚¹1,487 Crore

The government has received about â‚¹1487 crore from state-owned power corporation NTPC as dividend tranche, Secretary, DIPAM said in a tweet. The development comes days after NTPC announced the payment of its Final Dividend for the financial year 2022-23.

The company released â‚¹2908.99 crore which constituted 30% of the paid-up equity share capital.

NTPC Ltd., India's leading power generation company, has announced the payment of its Final Dividend for the financial year 2022-23. This Final Dividend payment of â‚¹2908.99 crore constitutes 30.00% of the paid-up equity share capital of NTPC Ltd.

The total dividend disbursed for FY 2022-23 stands at an impressive Rs. 7,030.08 crore, being 41% of the Profit After Tax (PAT) for the financial year," the company said in a release on 9 September 2023.

The statement added that this marks the 30th consecutive year in which the company has distributed dividends, underscoring its dedication to providing consistent returns to its investors. “As a key player in the Indian energy sector, NTPC Ltd. continues to drive excellence, sustainable growth, and shareholder satisfaction through its strategic initiatives and robust financial performance," it said.

Lower than previous dividend tranche :

The dividend tranche released is lower than the previous release in February which was â‚¹2,106 crore. “Government has respectively received about â‚¹2,106 crore, â‚¹1,791 crore and â‚¹58 crore from NTPC, PGCIL, and Engineers India Ltd as dividend tranches," DIPAM said in a tweet in February.

Recently, NTPC announced that the combined power generation capacity of its group has now reached 73,824 megawatts (or 73.8 gigawatts). This milestone was reached following the successful completion of the trial operation of the initial 800-megawatt unit at the Telangana Super Thermal Power Project on 5 September.

With this, the installed capacity of NTPC Limited and NTPC Group has become 57,838 MW and 73,824 MW respectively..

Source : Mint

Published On : September 16, 2023

Which State of United States is Known as “The Centennial State”?

Colorado holds the distinction of being known as “The Centennial State” among the United States. This nickname stems from its admission into the Union in 1876, precisely 100 years after the signing of the Declaration of Independence. Symbolizing both historical significance and patriotic pride, the title highlights Colorado’s role in commemorating the nation’s centennial while underscoring its rich heritage and contributions to American history.

The Origin of the Nickname “The Centennial State” :

Colorado earned the moniker “The Centennial State” due to its admission into the Union in the year 1876. This year held special significance as it marked the centennial anniversary of the signing of the Declaration of Independence, a pivotal event in American history. The timing of Colorado’s statehood celebration perfectly aligned with the nation’s centennial celebrations, hence the fitting nickname.

Published On : May 13, 2024

Q .

International Day of Plant Health 2024 Observed on?

9th May

10th May

11th May

12th May

Correct Answer : Option (D) - 12th May

The International Day of Plant Health (IDPH) is observed annually on 12 May to raise awareness about the critical importance of protecting plant health. This global initiative aims to prevent hunger, reduce poverty, safeguard biodiversity, and promote economic development worldwide. This year, the International Day of Plant Health falls on Sunday, 12 May 2024, coinciding with Mother’s Day, an event that recognizes the love, care, and sacrifices of mothers.

Theme: ‘Plant Health, Safe Trade, Digital Technology’ :

The theme for the International Day of Plant Health 2024 is ‘Plant Health, Safe Trade, Digital Technology.’ This theme emphasizes the need for international collaboration, standards, and the integration of digital technologies to promote plant health and ensure safe trade practices.

History and Significance :

The United Nations established the International Day of Plant Health to draw public attention to the necessity of safeguarding plant health. The resolution was unanimously adopted by the UN General Assembly in March 2022 and co-sponsored by several countries, including Bolivia, Finland, Pakistan, the Philippines, Tanzania, and Zambia.

The resolution highlights the crucial role of healthy plants in sustainable agricultural development, supporting a growing global population by 2050. It also acknowledges the functions of plants in regulating ecosystems, providing food security and nutrition, and promoting biodiversity.

Published On : May 13, 2024

Q .

Which Indian City is Known as 'City of Bridges'?

Mumbai

Pune

Surat

Bengaluru

Correct Answer : Option (C) - Surat

Surat earned the title "City of Bridges" due to its extensive network of over 120 bridges, surpassing any other city in India.

Which Indian City is Known as “City of Bridges”?

The Indian city known as the “City of Bridges” is Surat, located in the state of Gujarat. Surat boasts an impressive number of bridges, surpassing any other city in India. With over 120 bridges spanning rivers and connecting various parts of the city, Surat’s infrastructure facilitates smooth transportation for its residents. This abundance of bridges has earned Surat its distinctive title, highlighting its significance as a hub of connectivity and urban development.

Why is Surat Known as the “City of Bridges”?

Surat earned the title “City of Bridges” due to its extensive network of over 120 bridges, surpassing any other city in India. Situated along the banks of the Tapi River and close to other water bodies, Surat’s strategic location necessitated the construction of numerous bridges for seamless connectivity. These bridges play a vital role in facilitating smooth transportation within the city, earning Surat its reputation as a hub of connectivity and urban development.

Published On : May 13, 2024