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Daily PIB 17th January

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    Daily PIB 17th January

    • Guru Gobind Singh: He was the 10th and last human Guru of the Sikhs.Born as Gobind Rai on December 22, 1666, in Patna, Bihar, Guru Gobind Singh was the son of the ninth Guru of Sikhism, Guru Teg Bahadur. He was renowned as a warrior, a poet, and a prophet. He is fondly remembered by Sikhs as a defender of the faith and a champion of equality and justice. Among his notable contributions to Sikhism are founding the Sikh warrior community called Khalsa in 1699. He introduced the Five Ks, the five articles of faith that Khalsa Sikhs wear at all times. These are Kesh: uncut hair, Kangha: a wooden comb, Kara: an iron or steel bracelet worn on the wrist, Kirpan: a sword, and Kacchera: short breeches. Throughout his life, he engaged in numerous battles against the Mughal Empire and their allies, totalling 21 battles.  He further codified Sikh law, wrote martial poetry and music, and was the reputed author of the Sikh work called the Dasam Granth (“Tenth Volume”).Guru Gobind Singh proclaimed that he was the last of the personal Gurus. From that point forward, the Sikh Guru was to be the holy book, the Guru Granth Sahib(Sikh Holy Book).He was assassinated in 1708, at the age of 41.  

     

    • Yen Denominated Green Bonds: It is REC Limited’s eleventh venture into the international bond market and inaugural Yen Bond issuance, which is also the first Yen Green Bonds issuance by any Indian PSU. Time period: 5-year, 5.25-year and 10-year bonds issued at yield of 1.76%, 1.79% and 2.20% respectively. It is the largest ever Euro-Yen issuance in South and South East Asia. It is the largest Yen-denominated issuance from India. Largest non-sovereign Yen-denominated issuance ever from South and South East Asia. The transaction witnessed interest from both Japanese and international accounts, with the number of orders from each at 50%, international allocation being one of the highest for any other Indian Yen deal. These bonds will be rated Baa3/BBB–/BBB+ (Moody’s/Fitch/JCR) and will be listed exclusively on Global Securities Market of India International Exchange (India INX) and NSE IFSC in GIFT City, Gandhinagar, Gujarat. 

     

    • e-SAKSHI Application: It was launched for revised fund flow procedure under Members of Parliament Local Area Development Scheme (MPLAD) Scheme. It will bring forth a myriad of benefits, revolutionising the way Members of Parliament engage with and manage development projects in their constituencies. It would offer convenience and accessibility, allowing MPs to propose, track, and oversee the projects at their fingertips. This real-time access enhances decision-making processes, enabling swift responses to emerging needs or issues. The application will streamline the communication between MPs and relevant authorities, facilitating a more efficient exchange of information. It will promote transparency by providing MPs with instant updates on the status and progress of their proposed projects. It has the features for budget management, ensuring MPs can monitor expenditures. 

     

    • Chadar Trek: The Chadar Trek or the Zanskar Gorge trek is a winter trail over the frozen Zanskar River, which lies in the Indian union territory of Ladakh. It is traditionally the only means of travel in the area during the harsh winter months. The trail has become popular with foreign adventure tourists. 

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