Current Affairs India - 30 March 2016

1. The Indian Space Research Organisation (ISRO) has announced its plan to create history by launching a record number of 22 satellites in a single mission in May this year. This will include a number of micro and nano ones from foreign countries which all will be launched using ISRO-s workhorse Polar rocket PSLV C34.

2. India-s first indigenous composites sonar dome, a ship-s underwater eyes and ears, was flagged off by Defence Minister Manohar Parrikartoday in Pune which will be delivered to Mazgaon docks in Mumbai. The sonar dome is designed and produced by a Defence and Research Development Organisation (DRDO) labin Pune.

3. GVK Power and Infrastructure Ltd plans to sell its 33% stake in Bangalore International Airport Ltd (BIAL) to Fairfax India Holdings Corp owned by India-born Canadian billionaire Prem Watsa for around Rs 2100 crore. Post this deal, GVK-s debt will be declined by Rs 2,000 crore which will further reduce its annual Interest payment.