07.03.18 Karnataka (KPSC) Current Affairs


  • raises red-gram procurement cap to 3.64 million tonnes


  • Positively responding to the letters written by Chief Minister Siddaramaiah and Union Minister of Chemicals and Fertilizers H.N. Ananth Kumar, in view of farmers’ consistent demand for removal of quantity cap for red-gram procurement under Price Support Scheme (PSS), the Union government on Tuesday enhanced the procurement quantity from 2,65,200 tonnes to 3,64,600 tonnes.


  • The Union government had initially approved the procurement of 1,65,750 tonnes in December last year against the total expected yield of about 9,02,000 tonnes grown in 8.85 lakh hectares in the State. Considering the huge gap between the expected yield and the procurement quantity cap and a large number of growers remaining out of PSS ambit as a consequence, the procurement cap was raised by 1 lakh tonnes on the request of the State government. Since the gap between expected yield and the procurement cap was still wide, farmers launched agitations for removal of the quantity cap. The State government wrote to the Union government requesting enhancement of the procurement limit to a minimum of 5 lakh tonnes. However, the Union government raised the cap to 3.64 lakh tonnes. 



    ·        European Development Bank Approves Indias Membership


    • India is all set to become the 69th member of the European Bank for Reconstruction and Development (EBRD)after shareholders of the international financial institution gave their nod to the country’s candidature.
    • The formal membership process will now get underway, which includes the purchase of shares by India at an estimated cost of around 1 million euros.
    • The EBRD’s Board of Governors, which represents all the existing shareholders of the UK-based bank, voted in favor of India’s membership application.


    ·        Forbes Billionaires List 2018: Amazon’s Bezos Richest, Mukesh Ambani Ranked 19


    • With a fortune worth $110 billion, Amazon founder Jeff Bezosis the world’s richest man and tops a 2018 Forbes Magazine list of billionaires. According to the Forbes, Bezos is the first person to top $100 billion as number one on the Forbes list of the World’s Billionaires.
    • Microsoft founder Bill Gates is second ($90 billion), investment guru Warren Buffet third ($84 billion), Bernard Arnault and family fourth ($72 billion), and Facebook founder-CEO Mark Zuckerberg fifth ($71 billion). Indian industry titan Mukesh Ambani, the chairman of Reliance Industries Limited, is 19th on the list. He’s valued at $40.1 billion.


    ·        Indian Military Ranked 4th Strongest In World, USA Tops


    • Out of 133 countries, India is ranked fourth on a global index for its military strength, only the United States, Russia and China are ranked above India on the list, according to the latest report of the Global Firepower index 2017.
    • Neighbouring Pakistan is ranked 13th. India maintained its position above France in the top five military powers in the world.
    • The Indian Army is equipped with 4,426 combat tanks, 6,704 armored fighting vehicles, and 7,414 towed artillery guns, as per the list.
    • The Top 5 countries in the list are-

      The USA,

      2. Russia,

      3. China,

      4. India,

      5. France.


    ·        Iraq overtakes Saudi Arabia as Indias biggest Oil Supplier


    • Iraq overtook Saudi Arabia to become India’s top crude oil supplier by supplying 38.9 million tonnes (MT) crude oil in the current financial year.
    • It was fifth of India’s oil needs. India is 80% dependent on imports to meet its oil needs. India had imported 184.4 MT of crude oil during April.
    • Saudi Arabia traditionally has been India’s top oil source but Iraq dethroned it. Saudi Arabia supplied 30.9 MT of crude oil in first 10 months.





    ·        Neiphiu Rio appointed as Nagaland Chief Minister


    • Nagaland Governor PB Acharya appointed Neiphiu Rioas the new Chief Minister of the state.
    • Rio will replace TR Zeliang. The Governor has received letters of support in favor of Rio from MLAs of BJP, JD (U) and an Independent besides NDPP legislators.
    • Rio will take the oath of his duties shortly.
    • The Governor also requested Mr. Rio to prove his majority on the floor of the House on or before 16th of March.

    ·        Animal Welfare Board of India headquarters shifted from Chennai to Ballabhgarh


    • The Government shifted headquarters of Animal Welfare Board of India (AWBI)to Ballabhgarh in Faridabad District of Haryana from Chennai, Tamil Nadu.
    • It was shifted after consultation with AWBI for better coordination between the Environment Ministry and AWBI for carrying out the animal welfare act.
    • The Rule 3 of the Animal Welfare Board (Administrative) Rules, 1962 mentions that the headquarter of AWBI shall be at New Delhi or at such other places.
    • AWBI is a statutory advisory body established in 1962 under Section 4 of The Prevention of Cruelty to Animals Act, 1960.
    • It frames a range of rules on how animals ought to be humanely treated everywhere. It has also frequently litigated to have stricter laws.


    ·        India’s 1st Helicopter Taxi Service Launched In Bengaluru


    • India’s first helicopter taxi service was launched in Bengaluru to fly passengers from Kempegowda International Airport to Electronic City.
    • The service is expected to reduce the time taken to cover the distance from 2 hours to 15 minutes.
    • The helicopter will seat up to six people apart from the pilot and the service will cost Rs3,500 plus GST.

    ·        Five thousand Six Crore Sanctioned Under Swadesh Darshan Scheme And Rs. 687.92 Crore Under PRASHAD Scheme

    • A total amount of  5638.87 crorewas sanctioned with the release of Rs. 2148.17 crore since 2014-15 till date under the Swadesh Darshan Scheme of Ministry of Tourism.
    • Under the Swadesh Darshan scheme, thirteen thematic circuits have been identified for development.
    • Meanwhile, under the PRASHAD scheme, 23 projects have been sanctioned to 15 States for a total amount of Rs.687.92 crore with the release of Rs.241.28 crore since 2015-16 till date.
    • The main objective of the ‘National Mission on Pilgrimage Rejuvenation and Spiritual, Heritage Augmentation Drive (PRASHAD)is of holistic development of identified pilgrimage and heritage destination.


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