KARNATAKA
Karnataka: Coconut coop unit plans Rs 4.5 crore expansion, seeks funds
The coconut processing centre set up by a cooperative society at Munachanahalli in Chamarajanagar taluk will soon be extended at a cost of Rs 4.5 crore. A decision to this effect was taken by the board of directors of the unit at the recently held general meeting.
The unit, which has a capacity of processing 50,000 coconuts per day, provides jobs to around 250 people. Local growers formed a cooperative association and established this processing unit under Chamarajanagar Coconut Growers Association 20 years ago. More than 13,000 farmers of the district are cultivating coconut on 26,000 hectares using irrigation pump sets in Hanur, Kollegal, Yelandur and Gundlupet taluks.
The state government had sanctioned Rs 3.5 crore for the unit in the 2010-11 budget to help the Association to set up their unit at Munanchanahalli village to ensure marketing facilities for local coconut growers.
INTERNATIONAL
International Solar Alliance approves funding facility
To bolster investments in solar power projects, the International Solar Alliance (ISA), in its General Assembly meeting here on Tuesday, approved the ‘Solar Facility’, a payment guarantee mechanism expected to stimulate investments into solar projects through two financial components — a Solar Payment Guarantee Fund and Solar Insurance Fund.
The thrust of the facility is to attract private capital to flow into “underserved markets” in Africa. The ISA would aim to crowdsource investments from various donors across the globe and proposed projects in Africa would be able to purchase payment guarantees or partial insurance premium from these funds.
NATIONAL
Most ‘hotspots’ free from anti-national activities, says Amit Shah
Union Home Minister Amit Shah on October 21, 2022 said most of the “hotspots” in the country are almost free from anti-national activities now and the situation in major security theatres has improved over the last eight years of the Narendra Modi government.
He said more than 70% decline has been recorded in incidents of violence that were reported from insurgency-hit areas of the Northeast during this time period and this is an indicator of a “happy Northeast”.
Same was the situation in Jammu and Kashmir as well as in the states affected by Naxal violence, the Minister said while addressing top police and paramilitary forces commanders at the National Police Memorial in the Chanakyapuri area here on the occasion of the National Police Commemoration Day.
Panel formed on SC status for Dalit Christians, Dalit Muslims: Centre
The Union government has filed a fresh affidavit before the Supreme Court, through the Ministry of Social Justice and Empowerment, stating its current position on the inclusion of Dalit Christians and Dalit Muslims in the Scheduled Castes list and on the petitions challenging the constitutionality of Para 3 of the Constitution (Scheduled Castes) Order, 1950, which allows only members of Hinduism, Sikhism and Buddhism to be identified as SCs.
The Union government said it had examined the issue and noted the demands from Dalit Christian and Dalit Muslim communities for inclusion in the SC list and accordingly formed a three-member Commission of Inquiry headed by former Chief Justice of India Justice K.G. Balakrishnan to look into all aspects of the matter. It said this was done because the “issue is a seminal and historically complex sociological and constitutional question” that requires a “definitive study and extensive consultation with all stakeholders”.
NHAI’s infra investment bonds, offering an effective return of 8%
NHAI InvIT is the infrastructure investment trust sponsored by the National Highways Authority of India (NHAI) to support the government’s National Monetisation Pipeline (NMP). NHAI’s InvIT is a Trust established by NHAI under the Indian Trusts Act, 1882 and SEBI (Security and Exchange Board of India) regulations.
The Union Cabinet chaired by Prime Minister Narendra Modi had approved the NHAI’s Infrastructure Investment Trust (InvIT) in December 2019, and the company had started to meet investor groups the following year.
Infrastructure investment trusts are institutions similar to mutual funds, which pool investments from various categories of investors and invest them into completed and revenue-generating infrastructure projects, thereby creating returns for the investor.
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