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Important Facts For Prelims

Important Facts For Prelims (20th April 2019)

  • 20 Apr 2019
  • 3 min read

Swiss Challenge Method

  • Central Bank of India has recently put up its two non-performing assets (NPAs) worth Rs 251 crore for sale through the Swiss challenge method.
    • Swiss challenge method is a method of bidding, often used in public projects, in which an interested party initiates a proposal for a contract or the bid for a project.
    • The government then puts the details of the project out in the public and invites proposals from others interested in executing it.
    • On the receipt of these bids, the original proposer gets an opportunity to match the best bid. In case, the original proposer fails to match the bid, the project is awarded to the proposer of the best bid.

Kakapo Parrot (Strigops habroptila)

  • According to New Zealand's Department of Conservation (DOC), Kakapos - the world's heaviest species of parrot - have had their most successful breeding season this year.
  • The researchers have said that climate change might be responsible for changing the breeding pattern of these parrots.
  • Kakapo parrots (meaning “night parrot” in Maori), also known as owl parrot, are nocturnal and flightless parrots endemic to New Zealand.
  • The kakapos, which currently have a total of 147 adults, were believed to be extinct until some were found again in 1970.
  • IUCN Status: Critically Endangered; CITES: Appendix 1

Power Surplus Status of India

  • India’s installed generation capacity (344 GW) of power is more than peak demand (170GW).
  • However, due to lack of demand by Discoms’ and loss in transmission, during peak hours, as much as 175.52 gigawatt (GW) was up against demand of 177.02 GW leaving a deficit of 1.49 GW or 0.8 per cent in 2018-19.
  • This inhabited India from being power surplus country.
    • Surplus power occurs when the power available with distribution companies at a given time exceeds the demand for electricity.
    • A surplus could arise due to a fall in the demand for power, for instance, during an industrial slowdown. Or it could result from an increase in the power supply, for instance, when a new generating station is added.
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