GoI & AIIB SIGN AGREEMENT FOR USD 145 MILLION

Why in news? The Government of India, the Government of West Bengal and the Asian Infrastructure Investment Bank (AIIB) today signed a loan agreement for a US$145 million project to improve irrigation services and flood management in the Damodar Valley Command Area (DVCA) in West Bengal. Details: The West Bengal Major Irrigation and Flood Management Project will […]

KVIC POTTERS USING INNOVATIVE METHODS

Why in news? KVIC potters in a Rajasthan village are drawing attention with a unique campaign of printing messages like, “Use Mask”, “Stay Home, Stay Safe” etc., on every earthen pot, pitcher to spread awareness Read All about KVIC here: https://www.legacyias.com/kvic-comes-to-the-rescue-of-cocoon-farmers/

SECI, A CPSU, CONDUCTS E-REVERSE AUCTION FOR RE PROJECTS

Why in news? The Indian Renewable Energy (RE) sector has witnessed history today, as the e-Reverse Auction(e-RA) for 400 MW RE (Renewable Energy) Projects with Round the Clock (RTC) supply, was concluded at an astounding first year tariff of Rs.2.90/kWh. The bidding was conducted by Solar Energy Corporation of India Ltd., a Central PSU under […]

ENVIRONMENT MINISTRY GIVES NOD FOR NEW PARLIAMENT PROJECT

Why in news? The Centre’s proposal to construct a new Parliament building next to the existing heritage structure was approved by the Environment Ministry’s Expert Appraisal Committee (EAC). The EAC, however, said the approval was subject to the outcome of a legal challenge to the change of land-use of the plot, according to the minutes […]

OMINOUS CONTRACTION: ON CORE SECTOR OUTPUT

Introduction The provisional figures released by the Commerce Ministry show that production at all but one of the eight industries comprising the core sector shrank in March from a year earlier. Details This is the sharpest contraction in the index since the new series began in April 2012. The output contracted by as much as […]

MARCH 2020 CORE SECTOR OUTPUT SLUMPS 6.5%

Why in news? The Output at India’s core sector contracted by 6.5% in March, Commerce Ministry data show, reflecting the early impact of the COVID-19 pandemic and the subsequent nationwide lockdown. The index of eight core sector industries, which form 40% of the weight of items included in the broader Index of Industrial Production (IIP), […]

IFFCO IS PLAYING VITAL ROLE TO SUPPORT GOVERNMENT

Why in news? IFFCO, a leading fertilizer cooperative body under the Ministry of Chemicals and Fertilizers, is playing a vital role by helping Government to combat COVID-19 pandemic and mitigate the impact of the outbreak. Ministry has said that Fertilizer companies are already working with full capacity to supply adequate quantity of fertilizers to the […]

KVIC COMES TO THE RESCUE OF COCOON FARMERS

Why in news? Khadi and Village Industries Commission (KVIC), an autonomous body under Ministry of MSME, in collaboration with its Khadi Institutions (KIs) in Tamil Nadu has discharged its responsibility once again by purchasing cocoons from cocoon farmers. The main objectives of KVIC was to help the cocoon farmers struggling to sell their crop due […]

INAUGURATION OF THE SECOND INTEGRATED CHECK POST AT JOGBANI-BIRATNAGAR

Details: The Prime Minister of India will jointly inaugurate the second Integrated Check Post (ICP) at Jogbani-Biratnagar tomorrow with Prime Minister of Nepal, Shri K.P. Oli. The second Integrated Check Post  at Jogbani-Biratnagar is  built with Indian assistance to facilitate trade and people’s movement across India-Nepal border.

DEATH BY FIREWORKS: VIOLATIONS OF RULES IN HAZARDOUS INDUSTRIES

Why in news? Unsafe working conditions and improper handling of inflammable raw materials continue to endanger lives in the fireworks industry. Tragedies have not been confined to Sivakasi, deemed the fireworks capital of the world, where most such units are concentrated. In and around Sivakasi, the manufacturing of firecrackers in makeshift unlicensed units, rough handling […]