Karnataka govt mulls industry tag for jaggery units to ensure quality
Growing demand for jaggery and jaggery-based products, thanks to rising awareness about healthy lifestyles, and widespread adulteration of the item have prompted the commerce and industries department to contemplate regulating the sector and set standards.
A state-level coordination committee will meet this week to decide on conferring the ‘industry’ tag on the sector.
Given jaggery has a higher nutritional value than sugar, its consumption will only increase with the rising focus on sustainable lifestyle. While India is the biggest exporter of jaggery, Karnataka being the third biggest sugarcane growing state should have cashed in on the advantages that jaggery production offers. However, lack of the authorities’ focus has cost Karnataka dear as can be seen by the fall in jaggery production in Mandya. An industry tag will certainly go a long way in not only reviving the sector but also generating jobs. It will bring the units under regulatory control so that quality can be ensured and adulteration checked.
Croatia joins the euro
The European Union has given Croatia the green light to begin using the euro and join theSchengen zone from next year.
The country will join 19 other EU member states that use the currency.
It will adopt the currency from 1 January 2023, making Croatia the latest nation to join the eurozone since Lithuania in 2015.
From next year, it will mean that just seven EU countries still use their own currency.
By adopting the euro, the eastern European nation hopes to gain more financial security and improve the living standards of its citizens.
Croatia will also benefit economically from closer financial links with the single currency area’s other members and the European Central Bank.
As Croatia becomes the 20th EU nation to adopt the euro, there are still a number of members that haven’t taken this step.
In total, seven EU countries don’t use the euro: Bulgaria, Czech Republic, Denmark, Hungary,Poland, Romania, and Sweden.
India’s first Surety Bond Insurance product to be launched on December 19: Nitin Gadkari
The Ministry of Road Transport and Highways (MoRTH) will launch India’s first-ever surety bonds insurance product on December 19 to boost liquidity in the infrastructure sector.
While surety bonds refer to the performance or delivery obligation to complete the insured project, the corporate bonds refer to financial obligation to repay the debts or loans.
AAP to become a national party
Aam Aadmi Party(AAP) led by Arvind Kejriwal is all set to become the latest political outfit to get the status of ‘national party’ as the counting of votes is underway in recently concluded Gujarat Assembly elections. For AAP to get the status of the national party it will require atleast 6% vote share and needs to win atleast two seats.
To earn a national party status, a political party needs to be recognized in at least four states, and to be recognised as a state party, it needs to win at least two seats and 6 per cent of votes polled in the Assembly election. In other words, AAP needs to win just two seats and secure 6 per cent of votes
Three Himalayan medicinal plants enter IUCN Red List
Three medicinal plant species found in the Himalayas have made it to International Union for Conservation of Nature (IUCN) Red List of Threatened Species following a recent assessment. Meizotropis pellita has been assessed as ‘critically endangered’, Fritilloria cirrhosa as ‘vulnerable’, and Dactylorhiza hatagirea as ‘endangered’.
These species are found in the Himalayan region spread across Nepal, India, China, Sikkim, Afghanistan, and Pakistan. IUCN is an international organisation (NGO) working in the field of nature conservation and sustainable use of natural resources.
Increase in the use of Green Hydrogen
In the Independence Day speech on August 15, 2021, the Prime Minister announced the launch of National Hydrogen Mission. The Ministry of New and Renewable Energy has accordingly prepared a draft Mission document which inter-alia proposes to support production and deployment of Green Hydrogen.
Green Hydrogen can potentially be used to replace fossil fuels and fossil fuel based feedstocks in a number of sectors inter alia including fertilizer production, petroleum refining, steel production and transport applications.
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