Correct Answer : Option (C) - Indian Bank

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Tata Power Solar Systems Limited (TPSSL), a prominent solar company in India and a wholly-owned subsidiary of Tata Power Renewable Energy Limited (TPREL), has announced a strategic collaboration with Indian Bank, a leading public sector bank in India. The partnership aims to boost the adoption of solar rooftop systems among residential consumers by providing financing solutions under the Pradhan Mantri Surya Ghar Muft Bijli Yojana scheme.

Under this collaboration, residential consumers can avail loans up to ?2 lakh at an annual interest rate of 7%, in compliance with government regulations. The financing solutions aim to facilitate installations up to 3 KW under the scheme, with a nominal margin money requirement of 10% and collateral-free financing, making it easier for homeowners to embark on their solar journey. Additionally, repayment tenures extend up to 10 years, offering flexibility and convenience.

For installations ranging from 3 to 10 KW, TPSSL and Indian Bank offer tailored financing solutions with loans up to ?6 lakh, a margin money requirement of 20%, and competitive interest rates ranging from 8.4% to 10.8% per annum.

Mr. Deepesh Nanda, CEO & Managing Director of Tata Power Renewable Energy Limited, emphasized the commitment of Tata Power to promote renewable energy solutions and praised the collaboration for offering tailored financing solutions aligned with government initiatives like the PM Surya Ghar Muft Bijli Yojana.

Correct Answer : Option (D) - Indonesia

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Indonesia’s electoral commission has formally declared Prabowo Subianto president-elect in a ceremony, after the country’s highest court rejected challenges to his win by rival candidates.

Prabowo, 72, a former general dogged by allegations of human rights abuses, won a landslide victory in February’s elections, but his two opponents claimed that the vote had been undermined by state interference and unfair rule changes.

“The race has finished … the tough contest, with sometimes heated debates, is over,” Prabowo said during Wednesday’s ceremony, days after the legal challenges were rejected. “And now our people demand that political leaders must work together and collaborate for the people’s welfare and to eliminate poverty and corruption in Indonesia,” he said.

Prabowo won 58.6% of the vote in February’s election, but is a controversial figure. A former son-in-law of Suharto and a special commander under his 32-year regime, he has been accused of involvement in past rights abuses, including enforced disappearances of student activists and torture during the Suharto era. Prabowo was discharged from the military over the allegations and banned from entering the US for two decades.

Prabowo admitted in a 2014 interview with Al Jazeera that he had been involved in kidnappings, but said he was under orders and that his actions were legal.

Correct Answer : Option (A) - NASA

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NASA recently launched a groundbreaking space mission from New Zealand, deploying the Advanced Composite Solar Sail System spacecraft aboard Rocket Lab’s Electron rocket. This innovative spacecraft utilizes solar energy for propulsion, marking a significant leap in space exploration technology.

Mission Overview :

The spacecraft, equipped with a solar sail, was launched from New Zealand at 3:30 am IST and is set to orbit 1,000 kilometers above Earth. Upon deployment, the sail will measure approximately 80 square meters, harnessing sunlight to navigate through space.

Key Objectives :

The primary objective of the mission is to demonstrate the effectiveness of solar sail propulsion, paving the way for future missions with reduced reliance on heavy propulsion systems. Through a series of pointing maneuvers, the mission aims to showcase the orbit-raising and lowering capabilities solely using the pressure of sunlight on the sail.