Union Home Ministry releases Rs 113 crore to 6 Border States for development purpose
The Union Ministry of Home Affairs on November 5, 2018 released Rs 113.36 crore to 6 Border States under the Border Area Development Programme (BADP) to improve the condition of people living in these isolated locations. These 6 Border States are Assam, Nagaland, Sikkim, Gujarat, Rajasthan and Uttarakhand.
With this, so far, the Home Ministry has released a total of Rs 637.98 crore during 2018-19 to states having International Border. These funds were in addition to Rs 1100 crore released in 2017-18 for the all-round development of villages located along the International Border in 17 states.
Lucknow stadium renamed after Atal Bihari Vajpayee ahead of India-West Indies T20I match
The newly-built Ekana International Stadium of Lucknow was on November 5, 2018 renamed after former Prime Minister Atal Bihari Vajpayee. The stadium will now be known as 'Bharat Ratna Atal Bihari Vajpayee International Cricket Stadium'.
The stadium was renamed just ahead of the first-ever international cricket match - the T20 International between India and West Indies. The city hosted its first international match at the stadium on November 6, 2018 when India played against West Indies in the second T20 International match.
Delhi’s Signature Bridge: All you need to know
Delhi Chief Minister Arvind Kejriwal on November 4, 2018 inaugurated the long awaited Delhi's Signature Bridge, the first asymmetrical cable-stayed bridge in India.
The bridge was constructed by the Delhi Tourism and Transport Development Corporation (DTTDC) at an expenditure of Rs 1,518.37 crore. The 675-metre bridge aims to reduce travel time and traffic congestion between the north-eastern and northern parts of Delhi.
The bridge was first approved in 1997 after school bus fell off the narrow Wazirabad Bridge into the Yamuna, killing 22 children. However, a number of hurdles and budget modifications led to the delay in its completion.
US exempts India, China from its sanctions for buying Iranian oil
The United States on November 5, 2018 temporarily exempted eight countries, including India from the US sanctions for buying Iranian oil.
Addressing a press conference in Washington, US Secretary of State Mike Pompeo announced the list of the countries temporarily exempted from the sanctions. The countries include India, China, Japan, Italy, Greece, South Korea, Taiwan and Turkey. Pompeo said that these countries showed a significant reduction in oil purchase from the Persian Gulf country after the Trump administration reimposed sanctions on Tehran.
India to resume exporting raw sugar to China from early 2019
India plans to resume exporting raw sugar to China beginning 2019, almost after a decade. The move is a part of a larger goal of shifting focus to the overseas markets to shed surplus stocks that have muted prices and created financial distress in the Indian sugar mills.
India is the largest producer of sugar in the world. India produces sugar of all three grades- raw, refined and white. Indian sugar is also of a high quality and is Dextran free because of the minimum time taken from cut to crush.
USITC rules against anti-dumping duty on PTFE resin from India, China
The US International Trade Commission on November 2, 2018 ruled against putting an anti-dumping duty on the import of a synthetic fluoropolymer from India and China. The fluoropolymer is a key ingredient in the non-stick coating for pans and other cookware.
The counsel for the foreign exporters in this proceeding, Dharmendra Choudhary, said an antidumping order would have been issued without this remarkable success at USITC.
The counsel, while underscoring that the threshold for injury determination at USITC is very low, said that the federal American body generally sides with the US domestic industry.
The Reserve Bank of India has initiated the process to set up a digital Public Credit Registry to capture all the details of borrowers, including wilful defaulters and also the pending legal suits in order to check financial delinquencies.
The public credit registry will also include data from entities like market regulator SEBI, the corporate affairs ministry, Goods and Service Tax Network and the Insolvency and Bankruptcy Board of India to enable the banks and financial institutions to get a 360-degree profile of existing and prospective borrowers on a real-time basis.
India re-elected as member of ITU council till 2022
India has been elected as a member of the International Telecommunications Union Council (ITU) for another 4-year term from 2019 to 2022.
The elections to the Council were held during the ongoing ITU Plenipotentiary Conference 2018 at Dubai. India secured 165 votes and ranked third among the 13 countries elected to the council from the Asia-Australasia region and eighth among the 48 countries elected to the council globally.
The ITU has 193 member states, which elect representatives to the council.
IIT-Madras develops India’s first microprocessor ‘Shakti’
The researchers at the Indian Institute of Technology Madras (IIT Madras) have designed India’s first indigenous microprocessor, which will reduce dependency on imported microchips and the risk of cyber attacks.
The microprocessor called ‘Shakti’ was designed, developed and booted by IIT Madras with a microchip fabricated in the Semi-Conductor Laboratory of Indian Space Research Organisation (ISRO) at Chandigarh. It has been developed at an outlay of about Rs 11 crore.
Ministry of Food Processing Industries issues guidelines for 'Operation Greens'
The Union Ministry of Food Processing Industries (MoFPI) on November 5, 2018 approved the operationalisation strategy for Operation Greens.
The Operation Greens was announced in the Budget speech of 2018-19 with an outlay of Rs 500 crores to stabilise the supply of Tomato, Onion and Potato (TOP) crops. It will ensure availability of TOP crops throughout the country round the year without price volatility.