29th July 204 Daily Current Affairs
1. Which ministry recently launched SIMS 2.0, the upgraded Steel Import Monitoring System?
[B] Ministry of Power
[C] Ministry of Steel
[D] Ministry of Science and Technology
Correct Answer: C [Ministry of Steel]
Notes:
The Ministry of Steel launched the ‘Steel Import Monitoring System’ (SIMS) 2.0 Portal, featuring a robust data entry system for consistent and authentic data, promoting transparency and accountability. Union Minister of Steel and Heavy Industries released the second volume of “Safety Guidelines for Iron and Steel Sector,” aiming to enhance safety standards and reduce accidents. SIMS, introduced in 2019, provides detailed steel import data, aiding policy-making and industry growth. SIMS 2.0, with API integration and database connections, improves quality control, risk management, and Customs’ analysis of steel imports, benefiting the domestic steel industry.
2. Which organization recently received approval of funding of $ 215.6 m from the Green Climate Fund for Financing Mitigation and Adaptation Projects?
[A] SIDBI[B] NABARD
[C] FCI
[D] BHEL
Correct Answer: A [SIDBI]
Notes:
The Small Industries Development Bank of India (SIDBI) received $215.6 million from the Green Climate Fund (GCF) for financing mitigation and adaptation projects (FMAP). The GCF, the world’s largest dedicated climate fund, was established at COP 16 in 2010 and operates under the UNFCCC. It supports transformative climate action in developing countries using flexible financing solutions. The FMAP will provide nearly 10,000 concessional loans to MSMEs for low-emission, climate-resilient technologies, aiming to reduce greenhouse gas emissions by 35.3 million tonnes. This is SIDBI’s second GCF-approved project, following the Avaana Sustainability Fund.
