Current Affairs - Business - Discussion

Discussion :: Business - Latest Current Affairs (Q.No.371)

371. 

Which company launches the scheme "SWAGAT" - the Automatic Fare Collection Gating System?

[A]. BEL
[B]. IOC
[C]. HAL
[D]. Bharat Petroleum

Answer: Option A

Explanation:

Bharat Electronics Limited (BEL), a defence public sector undertaking, presented SWAGAT - the Automatic Fare Collection Gating System. PM Narendra Modi launched the system as part of the inaugural of Phase-I of the Ahmedabad Metro. SWAGAT is an initiative steered by the Ministry of Housing and Urban Affairs (MoHUA) in collaboration with BEL and Centre for Development of Advanced Computing (CDAC) with the support of Delhi Metro Rail Corporation (DMRC), National Payment Corporation of India (NPCI) and State Bank of India (SBI).

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