GoI & AIIB SIGN AGREEMENT FOR USD 145 MILLION
Why in news? The Government of India, the Government of West Bengal and the Asian Infrastructure Investment Bank (AIIB) today signed a loan agreement for a US$145 million project to improve irrigation services and flood management in the Damodar Valley Command Area (DVCA) in West Bengal. Details: The West Bengal Major Irrigation and Flood Management Project will […]
KVIC POTTERS USING INNOVATIVE METHODS
Why in news? KVIC potters in a Rajasthan village are drawing attention with a unique campaign of printing messages like, “Use Mask”, “Stay Home, Stay Safe” etc., on every earthen pot, pitcher to spread awareness Read All about KVIC here: https://www.legacyias.com/kvic-comes-to-the-rescue-of-cocoon-farmers/
SECI, A CPSU, CONDUCTS E-REVERSE AUCTION FOR RE PROJECTS
Why in news? The Indian Renewable Energy (RE) sector has witnessed history today, as the e-Reverse Auction(e-RA) for 400 MW RE (Renewable Energy) Projects with Round the Clock (RTC) supply, was concluded at an astounding first year tariff of Rs.2.90/kWh. The bidding was conducted by Solar Energy Corporation of India Ltd., a Central PSU under […]
NORMS ISSUED FOR RESTART OF INDUSTRIAL UNITS: NDMA
Why in news? The National Disaster Management Authority (NDMA) has issued a series of guidelines for restarting manufacturing industries after the lockdown period. Certain economic activities have already been allowed on gradual lifting of restrictions in some zones. Highlights of the guidelines Instructions have been issued on safekeeping of hazardous and flammable materials. Guidelines also […]
ENVIRONMENT MINISTRY GIVES NOD FOR NEW PARLIAMENT PROJECT
Why in news? The Centre’s proposal to construct a new Parliament building next to the existing heritage structure was approved by the Environment Ministry’s Expert Appraisal Committee (EAC). The EAC, however, said the approval was subject to the outcome of a legal challenge to the change of land-use of the plot, according to the minutes […]
OMINOUS CONTRACTION: ON CORE SECTOR OUTPUT
Introduction The provisional figures released by the Commerce Ministry show that production at all but one of the eight industries comprising the core sector shrank in March from a year earlier. Details This is the sharpest contraction in the index since the new series began in April 2012. The output contracted by as much as […]
MARCH 2020 CORE SECTOR OUTPUT SLUMPS 6.5%
Why in news? The Output at India’s core sector contracted by 6.5% in March, Commerce Ministry data show, reflecting the early impact of the COVID-19 pandemic and the subsequent nationwide lockdown. The index of eight core sector industries, which form 40% of the weight of items included in the broader Index of Industrial Production (IIP), […]
IFFCO IS PLAYING VITAL ROLE TO SUPPORT GOVERNMENT
Why in news? IFFCO, a leading fertilizer cooperative body under the Ministry of Chemicals and Fertilizers, is playing a vital role by helping Government to combat COVID-19 pandemic and mitigate the impact of the outbreak. Ministry has said that Fertilizer companies are already working with full capacity to supply adequate quantity of fertilizers to the […]
KVIC COMES TO THE RESCUE OF COCOON FARMERS
Why in news? Khadi and Village Industries Commission (KVIC), an autonomous body under Ministry of MSME, in collaboration with its Khadi Institutions (KIs) in Tamil Nadu has discharged its responsibility once again by purchasing cocoons from cocoon farmers. The main objectives of KVIC was to help the cocoon farmers struggling to sell their crop due […]
BRO BUILDS PERMANENT BRIDGE CONNECTING KASOWAL
Why in news? The Border Roads Organisation (BRO) has constructed and opened a new permanent bridge on the river Ravi connecting Kasowal enclave in Punjab to the rest of the country much ahead of its schedule. The enclave of around 35 square kilometres had hither to been connected via pontoon bridge of limited load capacity. […]