16-03-23 Daily-Karnataka-KPSC Current Affairs

Karnataka Affairs

In 7 years, only 45% of Karnatakas mineral fund used

After dragging its feet over the issue, the government is now scrambling to spend as much as possible of the Rs 3,690 crore of districtmineral fund(DMF) it had collected from across the 31 districts in the past seven years. The fund was collected as part of a national policy and was to be used to restore regions ravaged bymining.
Of the Rs 3,690 crore (until November 2022) collected over the past seven years, the government has spent only Rs 1,671 crore (or 45%), although an action plan to spend Rs 3,759 crore was drawn up for all 31 districts.
The Centre decided to set up DMF in 2015-16 for reclamation and rehabilitation (R&R) of mining hit areas in every district. Accordingly, legislation was passed to implement the decision at the state-level andKarnatakabegan collecting funds from mine lease owners.

Of the 31 districts in Karnataka, the highest collection of DMF was in Ballari (Rs 1,741 cr), followed by Vijayanagara (Rs 439 cr) and Kalaburagi (Rs 475 cr).
The least collection was in Yadgir (Rs 1. 4 cr), Bidar (Rs 1. 9 cr) and Kodagu (Rs 1. 6 cr).

National and International Affairs

Northeast Railways sets up First Trans Tea Stall

The Northeast Frontier Railways (NEFR) combined with the All Assam Transgender Association recently opened a tea shop led by transgender people located at Guwahati station.

As a part of the governments Sabka Saath Sabka Vikas, the RAILWAY stall was inaugurated by the General Manager of NEFR, Mr Anshul Gupta on March 05, 2023.

It will not only create EMPLOYMENT opportunities for trans and queer communities but will also empower, support and elevate them among all members of Society.

RBI, UAEs Central Bank signs MoU to promote Innovation

The Reserve Bank Of India and the Central Bank of UAE jointly sign an official agreement for encouraging Innovation in financial products and Services.

Central Banks will altogether survey the Central Bank Digital Currencies and will also draw comparability between the CBDCs of CBUAE and RBI.

Pilot tests will be held to provide cross-border transactions. Through this initiative, the economic ties will deepen between India and UAE.

Use of nano urea can reduce fertiliser subsidy bill by Rs 25K annually

The standing committee report on ‘Nano-Fertilisers for Sustainable Crop production and Maintaining Health‘ has raised concerns over the excessive use of conventional urea and continuous increase in itsimport of ureaover the years, which rose from 5.5 million tonnes (MTs) in 2016-17 to 9.8 MTs in 2020-21, the panel has said the subsidy burden on account of urea import constitutes 26% of the overall urea subsidy paid in a year by the government.

The panel has also recommended the government to put in place a system to sell one bottle of nano urea and four bags of urea to farmers instead of five bags of the conventional soil nutrient. It has recommended the government for more use of drones for spraying nano urea.

India joins global Agriculture Innovation Mission for Climate

U.S. and UAE collectively launched the <a href="https://exam.pscnotes.com/Agriculture-notes-for-state-psc-exams”>Agriculture Innovation Mission for Climate AIM4C in November 2021. India also joined the global platform.

The aim was to strengthen and provide support for Climate-Smart Agriculture and food systems innovation, as stated by the US Department of state.

This initiative has resulted in the rise of investments to USD 8 billion at a global level. India has joined with as many as 275 partners out of which 42 are governments who are working together to accelerate the mission.

Changi Airport awarded Worlds Best Airport 2023

Singapore’s Changi Airport has been titled the Worlds Best Airport for the year 2023 and it has been winning for 8 continuous years.

Delhi’s Indira Gandhi International Airport also won the Best Airport in India and South Asia award.

Skytrax, a UK-based consultancy company publishes reviews and survey reports every year.

Pact on air information sharing soon: US secretary of Air Force

India and the US are now working to finalise an air information sharing agreement, even as they explore opportunities under theDefence Technologyand Trade Initiative (DTTI) for co-development and co-production of high-tech weapon systems as well as the much broader Initiative on Critical and Emerging Technologies (iCET).

India and the US signed the Basic Exchange and Cooperation Agreement for Geospatial Cooperation (BECA) in 2020, the Communications, Compatibility and Security Arrangement (COMCASA) in 2018, the Exchange Memorandum of Agreement (LEMOA) in 2016 and the General Security of Military Information Agreement (GSOMIA) in 2002.

Northeast Railways sets up First Trans Tea Stall

The Northeast Frontier Railways (NEFR) combined with the All Assam Transgender Association recently opened a tea shop led by transgender people located at Guwahati station.

As a part of the governments Sabka Saath Sabka Vikas, the RAILWAY stall was inaugurated by the General Manager of NEFR, Mr Anshul Gupta on March 05, 2023.

It will not only create EMPLOYMENT opportunities for trans and queer communities but will also empower, support and elevate them among all members of Society.

RBI, UAEs Central Bank signs MoU to promote Innovation

The Reserve Bank Of India and the Central Bank of UAE jointly sign an official agreement for encouraging Innovation in financial products and Services.

Central Banks will altogether survey the Central Bank Digital Currencies and will also draw comparability between the CBDCs of CBUAE and RBI.

Pilot tests will be held to provide cross-border transactions. Through this initiative, the economic ties will deepen between India and UAE.

Use of nano urea can reduce fertiliser subsidy bill by Rs 25K annually

The standing committee report on ‘Nano-Fertilisers for Sustainable Crop production and Maintaining Health‘ has raised concerns over the excessive use of conventional urea and continuous increase in itsimport of ureaover the years, which rose from 5.5 million tonnes (MTs) in 2016-17 to 9.8 MTs in 2020-21, the panel has said the subsidy burden on account of urea import constitutes 26% of the overall urea subsidy paid in a year by the government.

The panel has also recommended the government to put in place a system to sell one bottle of nano urea and four bags of urea to farmers instead of five bags of the conventional soil nutrient. It has recommended the government for more use of drones for spraying nano urea.

India joins global Agriculture Innovation Mission for Climate

U.S. and UAE collectively launched the <a href="https://exam.pscnotes.com/Agriculture-notes-for-state-psc-exams”>Agriculture Innovation Mission for Climate AIM4C in November 2021. India also joined the global platform.

The aim was to strengthen and provide support for Climate-Smart Agriculture and food systems innovation, as stated by the US Department of state.

This initiative has resulted in the rise of investments to USD 8 billion at a global level. India has joined with as many as 275 partners out of which 42 are governments who are working together to accelerate the mission.

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