Global temperature could exceed 1.5°C in just 12 years: UN report
The Intergovernmental Panel on Climate Change (IPCC) approved a Special Report on Global Warming of 1.5°C on October 6, 2018 at Incheon, South Korea. In the new assessment, IPCC issued its the most extensive warning on the risks of rising global temperatures and said that limiting global warming to 1.5°C would require rapid, far-reaching and unprecedented changes in all aspects of society.
The special report titled ‘Global Warming of 1.5°C’ traces the impact of global warming of 1.5°C above pre-industrial levels and related global greenhouse gas emission pathways, in the context of strengthening the global response to the threat of climate change, sustainable development and efforts to eradicate poverty. The report says that going past 1.5°C is dicing with the planet's liveability and the temperature could be exceeded in just 12 years, by 2030.
Government sets up Strategic Policy Group to assist National Security Council
The Union Government on October 8, 2018 constituted the Strategic Policy Group, headed by National Security Advisor Ajit Doval, to assist the National Security Council.
The Members of the SPG will include Vice Chairman of NITI Aayog, Cabinet Secretary, Chiefs of the three defence services, RBI Governor, Foreign Secretary, Home Secretary, Finance Secretary, and Defence Secretary.
The Strategic Policy Group (SPG) will assist the National Security Council and undertake among other tasks, a long-term strategic review of country's security affairs. It will act as a principal mechanism for inter-ministerial coordination and integration of relevant inputs in the formulation of national security policies.
The Union Government, in consultation with the Reserve Bank of India (RBI), on October 8, 2018 decided to issue Sovereign Gold Bonds 2018-19.
The Sovereign Gold Bonds will be issued every month from October 2018 to February 2019 through banks, Stock Holding Corporation of India Limited (SHCIL), designated post offices, and recognised stock exchanges such as the National Stock Exchange and Bombay Stock Exchange. The Bonds will be issued by Reserve Bank India on behalf of the Government of India.
The Sovereign Gold Bonds are government securities denominated in grams of gold. They are substitutes for holding physical gold. One need to pay the issue price in cash for purchasing the bonds and the bonds can be redeemed in cash on maturity.
Nitin Gadkari to lay the foundation stone for development of Ghagra River as National Waterway
Union Minister for Shipping, Road Transport & Highways and Water Resources, River Development & Ganga Rejuvenation, Nitin Gadkari will lay the foundation stone for the development work of Ghagra River as National Waterway-40 on October 9, 2018 at Basti in Uttar Pradesh.
The project is a part of the Sagarmala Programme of the Union Ministry of Shipping. The waterway will stretch from Manjhighat at Ganga-Gaghra river confluence to Faizabad or Ayodhya along Gaghra River for a length of 354 km. This stretch was declared as National Waterway (NW)-40 during the year 2016, as part of Government’s renewed push to develop inland waterways sector in the country.
Government’s crop insurance scheme to cover crop loss in wild animal attacks
The Union Government has decided to cover damages done to crops in case of wild animal attacks under the Pradhan Mantri Fasal Bima Yojna in select districts on an experimental basis.
The Government’s Fasal Bima Yojna did not previously cover damages incurred to an individual or a limited number of cultivators during unprecedented localised events such as waterlogging, landslide and hailstorms.
However, now under its new provisions, the protection scheme will cover all these events. The provisions of the crop insurance scheme were amended in consultation with various stakeholders and the amendments have been implemented from this month.
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