How many years of moratorium on statutory due have been announced by the government for the telecom sector, with effect from October 01, 2021?

Daily Current Affairs

1 year

2 years

3 years

4 years

Correct Answer : Option (D) - 4 years

Vodafone has to pay about â‚¹50,399.63 crore in statutory dues dating back over thepast many years. The moratorium will provide some relief to Vodafone and the overall ailing telecom sector, reports said.

In a much-awaited relief, the Union Cabinet on Wednesday(15-09-2021) approved a relief package for the country's cash-strapped telecom sector, along with several structural reforms to strengthen the sector. All those who will avail of the moratorium will have to pay some interest, minister Ashwini Vaishnaw announced. The moratorium will start from October 1, the Cabinet said.

“The reforms are deep and broad. They are structural. These reforms will bring in change today, tomorrow and in the future. I do not like to put a number on the package as it is revenue-neutral for the government,” the minister said. The moratorium will not impact the government's revenue, the minister said.

The package comes six weeks after Kumar Mangalam Birla resigned from teh chairman post of Vodafone Idea Limited on August 4. Vodafone, which was created from the merger of British telecom giant Vodafone's India unit and Birla's Idea Cellular Ltd, has to pay about â‚¹50,399.63 crore in statutory dues dating back over past many years.

The relief package includes a moratorium on payments for airwaves and is aimed at helping Bharti Airtel, Reliance Jio and Vodafone Idea. Shares in wireless carriers Bharti Airtel rose 5.4% and Vodafone Idea went up 2.9% after the news surfaced.

Published On : September 17, 2021

The Vital Role of the Liver :

The liver is a remarkable organ that plays a pivotal role in numerous bodily functions, including immunity, digestion, and metabolism. Any disruption or disease affecting the liver can have far-reaching implications, impacting not only the digestive system but also the kidneys, lungs, heart, and brain. Excessive fat accumulation in the liver, a condition known as non-alcoholic fatty liver disease (NAFLD), is a growing concern that can lead to serious health complications if left unchecked.

2024 Theme: “Keep your liver healthy and disease-free” :

This year’s theme, “Keep your liver healthy and disease-free,” emphasizes the importance of preventive measures and regular health check-ups to detect and address liver-related disorders early on. By promoting a proactive approach to liver health, the campaign aims to empower individuals to make informed choices and adopt lifestyle habits that can safeguard their liver’s well-being.

The Origins of World Liver Day :

Introduced by the World Health Organization (WHO), World Liver Day was first formally commemorated on April 19, 2012. Since its inception, the observance has gained significant traction, with health organizations, hospitals, and liver treatment institutes worldwide organizing various programs and activities to raise awareness and support those affected by liver diseases.

Published On : April 19, 2024

Q .

Recently (April 16, 2024) 'Tirangi Barfi' has been given GI tag, it is related to which city?

Patna

Kanpur

Lucknow

Varanasi

Correct Answer : Option (D) - Varanasi

In a significant development, two iconic products from the historic city of Varanasi, Uttar Pradesh, have been granted the coveted Geographical Indication (GI) status. On April 16, 2024, the GI Registry Office based in Chennai announced that the Tiranga Barfi of Varanasi and the Dhalua Murti Metal Casting Craft have been included in the prestigious GI category.

Uttar Pradesh’s GI Product Tally Reaches 75 :

This latest addition has further strengthened Uttar Pradesh’s position as a leader in the GI domain. With the inclusion of Tiranga Barfi and Dhalua Murti Metal Casting Craft, the total number of GI products from the state has reached an impressive 75, comprising 58 handicrafts and 17 agricultural and food products. This remarkable achievement sets a new record for the highest number of GI tags associated with a particular state in India.

The Iconic Tiranga Barfi :

Steeped in the rich history of India’s independence movement, the Tiranga Barfi holds a special place in the hearts of Varanasi’s residents. During the struggle for freedom, this tricolored sweetmeat was ingeniously crafted to facilitate secret meetings and information exchange among revolutionaries. The saffron hue is derived from saffron, the green color comes from pistachio, and the white shade is created using khoya and cashew nuts.

Published On : April 19, 2024

Q .

Hindustan Zinc has reached what position in silver production globally?

First

Second

Third

Fourth

Correct Answer : Option (C) - Third

Key Points :

Hindustan Zinc is now the 3rd largest silver producer globally, with highest silver annual production, up 5% y-o-y

Holds 2nd largest zinc reserves and resources globally

Industry leading production growth rate with best-ever annual metal production

Highest-ever quarterly refined metal production for Q4 FY24, up 6% sequentially

1st decile of the global zinc mines cost curve; lowest annual COP in last 3 years at US$ 1,117/MT

Quarterly Revenue up by 3% and EBITDA up by 2%

Ranked first globally in S&P Sustainability Assessment in Metals and Mining sector

Published On : April 19, 2024