CURRENT AFFAIRS

2016

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following bank has approved 625 Million US dollars support for Rooftop Solar Program in India
A
Bank of America
B
China Construction Bank
C
World Bank
D
Deutsche Bank
Explanation: 

Detailed explanation-1: -WASHINGTON, May 13, 2016 – The World Bank Board today approved a $625 million loan to support the Government of India’s program to generate electricity from widespread installation of rooftop solar photo-voltaic (PV).

Detailed explanation-2: -Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyaan (PM KUSUM) The scheme aims to add solar and other renewable capacity of 30, 800 MW by 2022 with total central financial support of Rs. 34, 422 Crore including service charges to the implementing agencies.

Detailed explanation-3: -The central government pays a 30% subsidy for installation of rooftop solar plants to states in general categories. For special states such as Himachal Pradesh, Uttarakhand, Sikkim, Jammu & Kashmir and Lakshadweep, the central government gives subsidies of up to 70%. What is a solar rooftop calculator? ?

Detailed explanation-4: -Homeowners can finance solar PV installations through a home loan or other unsecured lending options.

There is 1 question to complete.