MALUKA IAS
FACTLY
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MALUKA IAS

Date :- 20th September

Dam Rehabilitation Improvement Project (DRIP)
  • The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister, approved the Dam Rehabilitation Improvement Project (DRIP) project. 
  • Project will be funded by World Bank, States and Implementing Agencies (IAs), remaining by Central Water Commission (CWC). Originally, the total cost of DRIP was ₹2,100 crore.
  • The (DRIP) project will improve the safety and operational performance of selected existing dams and mitigate risks to ensure safety of downstream population and property. 
  • The primary beneficiaries are both urban and rural communities dependent on reservoir and downstream communities, who are prone to risk associated with dam failure or operational failure.

NRI Bonds

  • These are bonds issued by the Reserve Bank of India to non-resident Indians who are interested in investing their money in India. 
  • Since these bonds offer higher returns than other similar investments, they can be used as a tool to attract capital during times when other domestic assets fail to attract the interest of foreign investors. 
  • Many investors view them as a safe investment as these bonds are issued by the Indian central bank.
  • NRI bonds could theoretically help increase demand for the rupee and stabilise its value against the dollar. The actual effect of these bonds on the rupee, however, will depend on how attractive they are to NRIs.

Registry of Sex Offenders

  • India is all set to roll out the National Registry of Sexual Offenders, and will become the ninth country in the world to set up and maintain such a database. The Indian registry will include names, photographs, residential address, fingerprints, DNA samples, and PAN and Aadhaar numbers, of convicted sexual offenders.
  • The database will contain more than 4.5 lakh cases, including profiles of first-time and repeat offenders, based on details compiled from prisons across the country. The offenders will be classified on the basis of criminal history to ascertain if they pose a serious danger to the community.
  • The database will be maintained by the National Crime Records Bureau (NCRB) under the Ministry of Home Affairs and made available to law enforcement agencies for various purposes, including investigation and employee verification, unlike in the US where the database maintained by the FBI can be accessed by the public. The registries maintained by other countries — UK, Australia, Canada, Ireland, New Zealand, South Africa and Trinidad & Tobago — are available only to law enforcement agencies.
  • India’s registry will store data for 15 years in the case of those classified as posing “low danger”, 25 years for those presenting “moderate danger” and through lifetime for “habitual offenders, violent criminals, convicts in gangrape and custodial rapes.

Kumbh Mela

  • UNESCO’s Intangible Cultural Heritage of Humanity list as the largest peaceful congregation of pilgrims on earth.

TARP

  • The Troubled Asset Relief Program or TARP was a group of schemes conceptualised and run by the US Treasury Department to stabilise the country’s financial system and counter foreclosures in the wake of the 2008 financial crisis. 
  • TARP aimed at achieving these targets by buying troubled companies’ assets and equity.