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Current Affairs on 01 March, 2024

Inauguration of ICG Jetty at Vadinaar, Dwaraka (Gujarat) by Raksha Rajya Mantri Shri Ajay Bhatt

  • Raksha Rajya Mantri, Shri Ajay Bhatt inaugurated the Indian Coast Guard (ICG) Jetty Vadinar in Gujarat.
  • The jetty construction was undertaken by Deendayal Port Authority at a cost of Rs. 74 Crores.
  • The Vadinar Jetty enhances the operational capability of the Indian Coast Guard in the North-West region.
  • It plays a crucial role in safeguarding national maritime interests, especially in the Gulf of Kutch region which is vital for India's energy security.
  • The jetty provides berthing facilities for Indian Coast Guard and Navy ships, enabling operations in all weather conditions and during emergencies.
  • ICG Headquarters is in New Delhi, commanding 05 Regional Headquarters including one in Gandhinagar for the North-West region.
  • Gujarat's coastline of 1215 Km makes it strategically significant, sharing an International Maritime Border Line with Pakistan.

Ministry of Agriculture & Farmers Welfare Summary

  • Around 5,000 out of 8,000 registered Farmer Producer Organizations (FPOs) are on the ONDC platform for selling produce online nationwide.
  • Over 8,000 FPOs have been registered against the government's target of 10,000 under a scheme launched in 2020 with a budget of Rs 6,865 crore.
  • Credit Guarantee has been issued to 1,101 FPOs, covering more than 10.2 lakh farmers with a guaranteed coverage of Rs 246.0 crore.
  • FPOs provided financial assistance of up to Rs 18.00 lakh per FPO for three years and matching equity grant up to Rs 15.00 lakh per FPO.
  • The formation of FPOs helps in enhancing market linkages, providing better technology, credit access, and improved income for farmers.
  • FPOs are formed in produce clusters for economies of scale, market access, and specialization under the "One District One Product" cluster approach.
  • The key objectives include forming new FPOs, enhancing productivity, providing support for up to 5 years, building capacity, and promoting sustainable farming practices.
  • FPOs can be registered under Part IXA of Companies Act or under Co-operative Societies.

APEDA Facilitates India's First Commercial Trial Shipment of Pomegranates to the US via Sea

  • India's first commercial trial shipment of Sangola pomegranates to the US via sea was facilitated by Agricultural Processed Food Products Export Development Authority (APEDA).
  • The shipment comprised of 4200 boxes (12.6 tons) and was flagged off from IFC facility, Vashi (Navi Mumbai).
  • APEDA aims to open trade relations to potential markets for Indian pomegranates, with India being one of the largest producers of pomegranates in the world.
  • The shipment was carried out by APEDA registered InI Farms, a top exporter of fruits and vegetables from India.
  • Pomegranate is an important agri-produce of India with high demand due to its rich history, nutrition value, and quality.
  • India has seen an increase in pomegranate production and exports, with Maharashtra contributing to more than 50% of the production share.
  • APEDA has facilitated pomegranate exports worth $58.36 million in 2022-23 to countries like UAE, Bangladesh, Netherlands, and Saudi Arabia.
  • The establishment of Export Promotion Forums for Pomegranate by APEDA has been instrumental in improving supply chain bottlenecks for pomegranate exports.
  • APEDA's initiative for the sea consignment will build trust between Indian exporters and foreign importers regarding quality assurance.
  • The successful shipment marks a significant moment in India's agricultural exports, showcasing the country's capability to export pomegranates to the US.

Coal India Limited Signs MoU with Indian Institute of Managements (IIM) to boost PM’s mission Gati Shakti

  • Coal India Limited signed an MoU with Indian Institutes of Managements (IIM) Mumbai and Sambalpur to enhance coal transportation infrastructure in alignment with PM Gati Shakti National Master Plan 2021.
  • The collaboration aims to improve logistic efficiency, contribute to economic growth, and promote environmental sustainability.
  • The MoU was exchanged in the presence of Union Minister Dharmendra Pradhan, Coal India Chairman PM Prasad, and MCL Chairman-cum-Managing Director Uday Anant Kaole.
  • A one-year PGP-Ex programme in "Logistics and Operations Excellence through Digitisation" will be conducted for Coal India executives serving in MCL and other subsidiaries.

Collaboration between C-DOT and Qualcomm for Atmanirbhar Bharat

  • Centre for Development of Telematics (C-DOT) and Qualcomm signed an MoU to promote Atmanirbhar Bharat and Make in India vision.
  • The collaboration aims to boost India's telecom ecosystem by supporting developers, start-ups, academia, and industry partners through innovative telecom solutions.
  • Qualcomm will provide expertise, state-of-the-art technology, and intellectual property training to enable Indian startups, academia, and OEMs to develop indigenous telecom products.
  • The partnership seeks to facilitate access to chip technologies, accelerate commercialization of telecom products, and stimulate innovation in the telecom sector.
  • This initiative aligns with the government's Design in India and Make in India vision and aims to propel India's leadership in the telecom landscape.
  • C-DOT has been instrumental in the indigenous Telecom revolution in India, contributing significantly to the Indian Telecom Network's Digitization.
  • Qualcomm is committed to fostering innovation in India and supporting the country's digital growth journey by collaborating with C-DOT.
  • Qualcomm's technologies are aimed at enabling connectivity and on-device intelligence in the next generation of connected smart devices across industries.
  • This collaboration underscores the potential for growth in India's developer and startup ecosystem, emphasizing the importance of design and innovation in the digital economy.

Conference by Power Finance Corporation for State Power Utilities

  • Power Finance Corporation organized a conference for state power utilities of Eastern and North Eastern regions on "PFC’s Financing in Dynamic Regulatory Environment" in Kerala.
  • 17 state-sector power and infrastructure utilities participated in the conference.
  • PFC officials shared details about their financing products, including loans and credit facilities, as well as the corporation's mandate to fund logistics and infrastructure sectors.
  • PFC urged state utilities to comply with Additional Prudential Norms (APN) and assured support in implementing projects.
  • PFC emphasized the importance of focusing on renewable energy projects and infrastructure strengthening, offering consultancy and financial support to meet requirements.
  • State utility officials shared feedback and expectations from financial institutions like PFC in overcoming challenges.
  • PFC was thanked by officials for providing a platform for sharing experiences and concerns.

Development in Goa's National Highways Projects by Ministry of Road Transport & Highways

  • Union Minister for Road Transport and Highways, Shri Nitin Gadkari approved Rs. 766.42 crore for National Highways projects in Goa.
  • Allocation of Rs. 455.50 crore for a 4-lane flyover from MES College Junction to Bogmalo Junction on NH-566.
  • Construction of a 4-lane Vehicular Underpass at Queeny Nagar Junction under the EPC mode.
  • Approval of Rs. 310.92 crore for land acquisition to construct the Cuncolim Bypass on NH-66 in South Goa district.
  • The Cuncolim Bypass aims to expedite the completion of the Mumbai to Kanyakumari Economic Corridor, reduce congestion, accidents, and improve connectivity in Goa.

Development Projects Worth Rs 35,700 Crores in Dhanbad, Jharkhand - Key Points

  • PM Modi laid the foundation stone for multiple development projects worth Rs 35,700 crores in Dhanbad, Jharkhand.
  • Projects included a fertilizer plant, railway projects worth Rs 17,600 crores, power projects, and coal sector projects.
  • The Prime Minister highlighted the significance of the Sindri Fertiliser Plant in achieving self-sufficiency in the urea sector.
  • He emphasized the government's efforts in increasing urea production from 225 lakh metric tonnes in 2014 to 310 lakh metric tonnes currently.
  • PM Modi flagged off new train services and emphasized the government's focus on tribal communities, the poor, youth, and women during the last 10 years.
  • He stressed the economic growth of India, highlighting a growth rate of 8.4 percent during a recent financial quarter.
  • The Prime Minister expressed confidence in making Jharkhand a developed state, contributing to the vision of a developed India by 2047.
  • Several dignitaries, including the Governor of Jharkhand and Chief Minister of Jharkhand, were present at the event.

Efforts of Vijayawada Municipal Corporation in Ensuring Swachhata

  • Vijayawada ranks 6th among cleanest cities in Swachh Survekshan 2023.
  • It has achieved a 5-star Garbage Free Rating and a Water+ tag.
  • Vijayawada Municipal Corporation boasts of advanced waste processing facilities.
  • It has dedicated workforce and processes 520 tons per day of waste.
  • VMC has bio-methanation, vermicompost, windrow compost, and bio-methanation plants.
  • Construction & Demolition waste is converted into bricks and paver blocks.
  • Legacy waste dumpsites have been eliminated, reclaimed land repurposed into a park.
  • RRR centers managed by SHG women produce recyclable products sold to private buyers.
  • Wastewater is collected through underground drainage and treated for agricultural use.
  • Vijayawada's effective waste management practices are a result of joint efforts by ULB and citizens.

Election Commission's Advisory for General Elections 2024

  • ECI warns political parties to maintain decorum in public campaigning
  • Stern action against direct or indirect MCC violations
  • Additional responsibility on star campaigners and candidates under MCC
  • Advisory cites previous examples of indirect violations to avoid MCC strictures
  • Advisory emphasizes issue-based debates
  • No appeals based on caste/communal feelings
  • Avoid false statements and unverified allegations
  • Refrain from personal attacks and insulting rival candidates
  • Avoid using places of worship for election propaganda
  • Urged parties to stay within Model Code of Conduct and legal framework
  • Stern action against surrogate or indirect MCC violations
  • Examples of indirect/surrogate MCC violations listed
  • Star campaigners carry the responsibility of upholding ethical standards

Empowering Rural Artisans in Maharashtra by KVIC

  • KVIC, under the Ministry of Micro, Small and Medium Enterprises, distributed high-quality toolkits to rural artisans in Nashik, Maharashtra.
  • The distribution aimed at empowering artisans and promoting self-reliant India by 2047 as per PM Modi's vision.
  • 449 machinery and toolkits were distributed to 240 artisans, including training and certificates under Gram Udyog Vikas Yojana.
  • Special focus was on empowering women artisans by providing electrician toolkits to 20 trained women.
  • Various machinery like electric operated wheels, oil machines, paper plate machines, and bee-boxes were distributed to different artisans.
  • Several schemes like Workshed for Khadi Artisans, Prime Minister Employment Generation Programme, and Honey Mission are being implemented to provide employment opportunities and support traditional industries.
  • Initiatives have led to the distribution of equipment and training to thousands of artisans across Maharashtra, enhancing their livelihoods and income.
  • With emphasis on 'Vocal for Local' and 'Make in India', the sales of Khadi products have increased multifold, benefitting rural artisans economically.
  • PM Modi's initiatives have made Khadi products popular among youth, resulting in increased turnover and employment in the Khadi and village industries sector.
  • The distribution program had the presence of Khadi institution representatives, artisans, beneficiaries, and government officials.

Enhancing Railway Connectivity in Himachal Pradesh: An Overview

  • Devotees from Himachal Pradesh can now directly reach Prayagraj as the Indore-Chandigarh Express has been extended to Una.
  • The extension of train services to Una is a gift from the Modi government to Himachal Pradesh, improving connectivity and convenience for passengers.
  • Initiatives by Shri Anurag Thakur, including the bridge over Chakki River and extension of rail tracks, aim to enhance connectivity and development in the region.
  • The Modi government has allocated significant funds for railway expansion in Himachal Pradesh, focusing on infrastructure development and addressing connectivity issues.
  • Projects like the Una-Hamirpur railway line will boost tourism, benefitting religious sites and providing better access to transportation for local residents.

Financial Intelligence Unit-India Imposes Penalty on Paytm Payments Bank Ltd

  • The Financial Intelligence Unit-India (FIU-IND) has imposed a penalty of Rs. 5,49,00,000 on Paytm Payments Bank Ltd for violations under PMLA.
  • Violations included breaches of obligations under Prevention of Money Laundering Act, 2002 and related rules and guidelines.
  • The penalty was imposed after a review initiated based on specific information received from law enforcement agencies regarding illegal activities like online gambling.
  • The proceeds of crime from these illegal activities were found to be channeled through bank accounts held by entities with Paytm Payments Bank Ltd.
  • FIU-IND issued a compliance Show Cause Notice citing violations of PML Rules related to AML/CFT/KYC safeguards in payout services and beneficiary accounts.
  • After considering the submissions from the bank, FIU-IND found the charges substantiated and imposed the penalty on March 1st, 2024.

Indian Railways Freight Loading Achievements

  • Indian Railways achieved 1434.03 MT freight loading till February 2024.
  • Freight loading increased by 66.51 MT compared to the same period last year.
  • Railways earned Rs 1,55,557.1 Crore from Freight loading during April 2023- January 2024.
  • Freight earnings increased by Rs 6,468.17 Crore compared to the same period last year.
  • In February 2024, Railways achieved Freight Loading of 136.60 MT, showing an improvement of 10.13% over the previous year for the same period.
  • Key freight loadings in February 2024 included Coal, Iron Ore, Pig Iron and Finished Steel, Cement, Food grains, Fertilizers, Mineral Oil, Containers, and other goods.
  • Indian Railways adapted the mantra "Hungry For Cargo" and focused on improving service delivery, ease of doing business, and customer-centric approach to achieve this significant milestone.

International Wheelchair Day Celebrations by Department of Empowerment Person with Disability (DEPwD)

  • Ministry of Social Justice & Empowerment celebrated International Wheelchair Day under DEPwD.
  • Wheelchairs play a crucial role in enhancing mobility and independence for individuals with mobility challenges.
  • International Wheelchair Day aims to raise awareness and gratitude for those supporting the mobility-impaired community.
  • ALIMCO provided wheelchairs and training sessions to beneficiaries of ADIP schemes.
  • National Institute for Empowerment of Persons with Intellectual Disabilities organized training programs and demonstrations on wheelchair usage.
  • Composite Regional Centre Davanagere conducted a training program for wheelchair users and citizens.
  • Wheelchair race competition and awareness rally were organized at different Composite Regional Centers.
  • International Wheelchair Day is a celebration of freedom, empowerment, and unity.

Key Initiatives and Developments in Arambagh, West Bengal

  • 21st-century India aims to achieve developed status by 2047 with a focus on welfare of the poor, farmers, women, and youth.
  • Initiatives worth over Rs. 7000 crores inaugurated in West Bengal in rail, port, petroleum, and hydropower sectors.
  • Projects include rail line expansions, port modernization, crude oil pipeline, LPG bottling plant, sewage treatment plant, and more.
  • Development of railways in West Bengal boosted with a budget exceeding Rs. 13,000 crore, focusing on electrification, station redevelopment, and new train services.
  • Over 3000 km of railway tracks electrified, 100 stations under redevelopment, and introduction of new train services including Vande Bharat Express.
  • PM expresses confidence in the cooperation of the people of West Bengal to achieve the vision of a developed India.

Meeting between West Bengal CM and Prime Minister

  • Chief Minister of West Bengal, Mamata Banerjee, met with Prime Minister Narendra Modi at the Prime Minister's Office.
  • The meeting was held on March 1, 2024.
  • A tweet from the PMO India account confirmed the meeting.
  • This meeting signifies discussions or collaboration between the central government and the West Bengal state government.
  • No specific details about the agenda or outcomes of the meeting were provided in the release.

Meeting between West Bengal Governor and Prime Minister

  • West Bengal Governor, Dr C V Ananda Bose, met with Prime Minister Narendra Modi.
  • The meeting took place at the Prime Minister's Office.
  • The meeting was announced through the official Twitter handle of the PMO India.

Ministry of Chemicals and Fertilizers - Summary

  • Prime Minister inaugurated Hindustan Urvarak & Rasayan Ltd (HURL) Sindri Fertiliser Plant in Jharkhand.
  • 5 plants will produce 60 lakh metric tonnes of urea, enhancing India's self-sufficiency in fertilizer production.
  • Urea production in India has increased to 310 lakh metric tonnes in the last decade.
  • HURL Sindri Fertiliser Plant was developed at a cost exceeding Rs 8900 crores.
  • The plant will create job opportunities and benefit regions in Jharkhand, West Bengal, Odisha, Chhatisgarh, Madhya Pradesh, and Bihar.

Ministry of Coal: Driving Economic Growth Through Coal Mining

  • Coal mining sector contributes significantly to economic growth and development of coal-producing states.
  • State governments receive revenue from coal mining through royalty, DMF, NMET, and transparent bidding processes.
  • Between 2014-2023, revenue from coal mining in all states totals to Rs. 152696 crores.
  • Key contributors to revenue are Jharkhand, Chhattisgarh, Odisha, Madhya Pradesh, West Bengal, and Telangana.
  • Compounded annual growth rate (CAGR) of revenue from coal mining during 2014-2023 was 13.80%.
  • State-wise revenue data for the last 5 years shows significant contributions from different states.
  • The central government's focus on enhancing coal production has led to increased revenue for state governments.
  • Investments in evacuation infrastructure by Ministry of Railways and Ministry of Road Transport and Highways are aiding coal transportation.
  • National Coal Logistics plan and projects by Ministry of Railways and Coal India Limited are enhancing coal transportation efficiency.
  • Joint Venture companies have been formed to improve railway connectivity in Chhattisgarh, Odisha, and Jharkhand with investments of Rs 11,655 crores.

Ministry of Commerce & Industry: National Workshop on Logistics Efficiency Enhancement

  • Ministry of Commerce & Industry's DPIIT and the World Bank jointly organized a National Workshop on Logistics Efficiency Enhancement in New Delhi.
  • The workshop aimed to identify factors affecting logistics performance and areas of improvement in the sector.
  • Over 100 participants from various government departments, states, multilateral institutions, and industry associations attended the event.
  • Sessions covered discussions on the Logistics Performance Index (LPI) calculation methodology, corridor approach like Bharatmala and Sagarmala projects, and best practices, reforms, and digital initiatives by states to improve logistics efficiency.
  • The workshop emphasized the importance of reducing logistics costs, improving efficiency, and addressing infrastructure bottlenecks through focused action plans.

Ministry of Defence: Inauguration of Naval War College Building

  • The Defence Minister, Shri Rajnath Singh, will inaugurate the new State-of-the-Art Admin-cum-Training building at the Naval War College in Goa named 'Chola' on 5th March 2024.
  • The Naval War College was initially established as the College of Naval Warfare in 1988 at INS Karanja and rechristened as the Naval War College in 2010.
  • The college prepares officers of the Armed Forces for leadership at strategic and operational levels and conducts the Maritime Security Course to foster cooperation in the Indian Ocean Region.
  • The 'Chola' Building is inspired by the maritime prowess of the Chola dynasty, featuring a mural depicting Rajendra Chola's expedition to the Srivijaya Empire in 1025 CE.
  • The building is constructed following GRIHA-III norms, with key features like rainwater harvesting, solar power generation, and green building standards while incorporating sustainability and energy efficiency.
  • Symbolically located overlooking the Portuguese fort at Reis Magos, the building signifies India's maritime heritage and military strength.

Ministry of Education: Advancing Innovation and Entrepreneurship

  • Minister of Education, Shri Dharmendra Pradhan, addressed the 100 Cube Conclave at IIM Sambalpur and inaugurated the I-Hub foundation at the institute.
  • 100 Cube Odisha is aimed at promoting a culture of ideas and innovation, focusing on making Odisha a hub of entrepreneurship.
  • Several MoUs were exchanged between industry partners and IIM Sambalpur and IIM Mumbai for the establishment of the Center of Management Education in Angul.
  • The 100 Cube Startup Conclave looks to create 100 startups by 2036, each with an average worth of Rs. 100 crore.
  • The I-Hub foundation will operate as a physical and virtual incubator focusing on supporting startups that are not only wealth-generating but also socially beneficial.
  • CSR Meet was held to connect socially responsible corporate entities to support sustainable business practices in key areas like textiles, arts, agriculture, healthcare, digital inclusivity, tribal entrepreneurship, and sustainability entrepreneurship.

Ministry of Environment, Forest and Climate Change

  • UNEA adopted the resolution on sustainable lifestyles submitted by India.
  • The concept of LiFE (Lifestyle for Environment) was proposed by PM Narendra Modi at COP26.
  • The resolution emphasizes the importance of sustainable development and lifestyles in harmony with nature.
  • It recognizes the potential of behavioral changes towards sustainable lifestyles in achieving sustainable development.
  • The resolution encourages education, skills, and national initiatives to promote sustainable consumption and production.
  • It calls for creating enabling conditions, fostering collaboration, and raising awareness to empower citizens to make informed choices for sustainable lifestyles.
  • Member States and stakeholders are urged to cooperate, share best practices, and promote sustainable living.
  • UNEP is requested to support Member States in developing and implementing action plans for promoting sustainable lifestyles.
  • Regional Dialogues will be undertaken to discuss sustainable lifestyles practices and living in harmony with nature.
  • The resolution was co-sponsored by Sri Lanka and Bolivia.

Ministry of Health and Family Welfare:

  • Dr. V.K. Paul from NITI Aayog launched the National Birth Defect Awareness Month 2024.
  • The theme is "Breaking Barriers: inclusive support for children with birth defects".
  • The campaign focuses on prevention, early identification, and timely management of birth defects.
  • Rashtriya Bal Swashtya Karyakram has been lauded for its work in children's health, examining 160 crore children.
  • Folic Acid supplementation, pre-pregnancy care, and early identification of birth defects were emphasized during the event.
  • Good performing States/UTs under Rashtriya Bal Swasthya Karyakram were felicitated.
  • Birth defects, contributing significantly to child mortality, are a major focus area for child health improvement in India.
  • Rashtriya Bal Swasthya Karyakram screens children at different levels for early identification and management of birth defects.
  • The campaign aims to create nationwide awareness of birth defects and improve care and treatment for children.

Ministry of Mines Initiatives for Funding Innovation in Mining and Mineral Sector

  • The Ministry of Mines, Government of India, has funded research and development projects in the mining and metallurgy sector since 1978 under the Science and Technology Programme.
  • In November 2023, the ministry launched S&T-PRISM to fund research and innovation in start-ups and MSMEs working in the mining and mineral sector.
  • 56 start-ups/MSMEs participated, out of which 5 were selected for funding a total of Rs. 6 crores based on milestones.
  • The selected start-ups/MSMEs will receive financial grants, mentorship, and technical advisory support from a Facilitation & Mentorship Team.
  • Jawaharlal Nehru Aluminium Research Development and Design Center, Nagpur, has been designated as the Implementing Agency for S&T-PRISM.
  • Letters of financial grants were handed over by the Union Minister of Coal, Mines, and Parliamentary Affairs on 29th February 2024 to the selected start-ups/MSMEs.
  • The funded projects include establishing a pilot plant for rare earth metal extraction, lithium-ion battery-related technology, alumina production, and software for exploration of rare-earth-elements.
  • The Ministry of Mines will invite proposals for the next round of S&T-PRISM from 1st March 2024, with the last submission date being 30th April 2024.

Ministry of Power: Amendments to Electricity Rules for Optimum Power Generation

  • Government amended Electricity (Late Payment Surcharge and Related Matters) Rules, 2022 to optimize power generation capacity.
  • Generating companies must offer surplus power in the power exchange to claim fixed charges.
  • Amendments aim to increase utilization of surplus electricity and ensure availability to consumers.
  • Enhancements will boost reliability of power supply, meeting the country's growing demand.
  • Government's focus is on prompt payments and proper utilization of power resources.

Ministry of Power: Key Highlights and Updates

  • 22nd Foundation Day of Bureau of Energy Efficiency celebrated
  • Union Power and New & Renewable Energy Minister commends BEE for its innovative programs
  • Standards and Labeling Program for Packaged Boilers and Visi Coolers launched
  • India EV Digest and State Energy Efficiency Index 2023 released
  • Karnataka top-performer in energy efficiency policies implementation
  • BEE helped reduce India's energy consumption by around 3.5%
  • Efforts to encourage small and cottage industries to adopt energy efficiency measures
  • Launch of Programs for Packaged Boilers and Visi Coolers to improve energy efficiency
  • Release of India EV Digest offering insights on e-mobility policy and regulations
  • Release of State Energy Efficiency Index 2023 evaluating states' energy efficiency progress
  • Technical sessions on carbon markets, policy & regulatory landscape, and EV infrastructure
  • BEE's role in implementing energy efficiency schemes and programs in India

Ministry of Power: REC Limited Bond Listings Summary

  • REC Limited, under the Ministry of Power, successfully listed two bonds on NSE and BSE.
  • The bonds are valued at ₹2,500 crores (10-year maturity) and ₹2,875 crores (3 years, 2 months maturity).
  • The funds raised will be utilized for regular business activities and are rated IND AAA by IRPL and ICRA AAA by ICRA.
  • REC Limited is a Maharatna PSU registered as a Non-Banking Finance Company and Infrastructure Financing Company.
  • REC finances various sectors including power infrastructure, renewable energy, electric vehicles, and non-power infrastructure like roads, airports, and metro rail.
  • REC continues to play a key role in supporting government schemes like SAUBHAGAYA and DDUGJY for village electrification.
  • The loan book of REC stands at Rs 4.97 Lakh Crores and Net Worth at Rs. 64,787 crores as on 31st December, 2023.

Ministry of Road Transport & Highways

  • Foundation stone laid for 10 National Highway projects worth Rs 10,000 crore in Jaunpur, UP by Shri Nitin Gadkari.
  • Projects include construction of 2 bypasses in Jaunpur city and a ring road to alleviate traffic congestion and boost industrial development.
  • Projects are part of the PM Gatishakti National Master Plan to enhance multi-modal and last mile connectivity across the country.
  • Prayagraj-Dohrighat Corridor Project in Prayagraj, Jaunpur, and Azamgarh districts of UP is being constructed with 4 lanes, connecting various important locations.
  • Project aims to reduce traffic issues in commercial cities like Phulpur, Mungarabadpur, Machhilishahr, Jaunpur, and Azamgarh, provide economic benefits, and increase job opportunities.

Ministry of Road Transport & Highways: National Highway Projects in Mirzapur

  • Union Minister of Road Transport & Highways, Shri Nitin Gadkari laid the foundation stone of 2 National Highway projects worth Rs 1750 crore in Mirzapur, Uttar Pradesh.
  • The projects include a 4-lane Mirzapur bypass with a 6-lane bridge on the Ganga river on National Highway 135A, and repair work on roads from Mirzapur to Prayagraj and Prayagraj to Pratapgarh.
  • The completion of these projects will improve connectivity, boost tourism, and stimulate economic development in the region.
  • The construction of the 4-lane Mirzapur bypass on the Ganga river will ease traffic congestion and enhance connectivity between Mirzapur-Ayodhya, promoting trade.

Ministry of Science & Technology: Low-cost Sree Chitra Valve for Inclusive Healthcare

  • The low-cost Sree Chitra valve is a successful example of India's innovation ecosystem aiding in tackling Rheumatic heart disease and promoting inclusive healthcare.
  • Over 2,00,000 devices have been clinically used with success rates comparable to other heart valves in the market.
  • Developed by Sree Chitra Tirunal Institute for Medical Sciences and Technology (SCTIMST) to address the need for affordable indigenous artificial heart valves in India.
  • Improvements in the valve design over time have included better functioning, durability, and reduced complications.
  • Second-generation models incorporated enhancements like increased MRI compatibility, improved thrombo-resistance, and larger Effective Orifice Area (EOA).
  • Pilot clinical evaluations of the latest model showed promising results with no specific complications reported.
  • A pivotal clinical trial for the latest model is expected to start by the end of 2024.
  • With a shift expected from rheumatic heart disease to degenerative diseases, the institute has initiated a tissue valve development program.
  • Efforts are underway to identify industrial partners to bring the tissue valve product to clinics by 2026.
  • The journey of developing the low-cost Sree Chitra valve showcases successful ecosystem collaboration and frugal innovation in India's healthcare sector.

Ministry of Skill Development and Entrepreneurship - Project ODISERV Launch

  • Shri Dharmendra Pradhan launched Project ODISERV in Sambalpur to prepare young graduates of Odisha for employment in the financial services sector.
  • The project aims to empower youth, make them more employable, and fulfill their aspirations.
  • 1100 students in Odisha have already been trained under Project ODISERV.
  • The training program will equip youth with crucial skills required in banking, finance, and insurance industries.
  • Project ODISERV is a collaboration between NSDC, Ministry of Skill Development & Entrepreneurship, and Bajaj Finserv.
  • It is part of the CPBFI program, a 100-hour training program to prepare youth for jobs in the financial sector.
  • The initiative is expected to benefit graduates, especially first-generation graduates, and is set to transform the skill development landscape in Odisha.
  • The partnership aims to introduce the CPBFI program in 60 colleges in Odisha and 22 states across India, benefiting over 20,000 candidates initially.
  • The curriculum is designed in collaboration with industry experts and incorporates the latest trends and best practices in the financial sector.
  • The program includes collaborations with banks, financial institutions, and insurance companies to provide growth opportunities, internships, and on-the-job training for students.

Ministry of Social Justice & Empowerment Announcement Correction

  • An advertisement was published regarding the laying of foundation stones and inauguration of 34 SC/OBC residential hostels.
  • The Hindi version of the advertisement was correct, but there was an error in the English version.
  • An inadvertent error had crept into the English version which needed correction.
  • The correction requested was to state that 25 out of the 34 hostels are constructed specifically for girls.

Ministry of Statistics & Programme Implementation Corrigendum

  • A corrigendum has been issued by the Ministry of Statistics & Programme Implementation regarding the Second Advance Estimates of National Income, 2023-24, Quarterly Estimates of GDP for the Third Quarter (October-December), 2023-24, and First Revised Estimates of National Income, Consumption Expenditure, Saving and Capital Formation, 2022-23.
  • Errors in Row Number 25, 26, and 30 of the 'Statement 2A: Second Advance Estimates of National Income and Expenditure Components of GDP, 2023-24 (at Current Prices)' have been rectified.
  • Revised figures for Gross National Disposable Income, Net National Disposable Income, and Per Capita GNDI (in INR) for the years 2021-22, 2022-23, and 2023-24 have been provided with percentage changes over the previous years.
  • Gross National Disposable Income (GNDI) increased from 2,39,25,034 in 2021-22 to 2,98,39,727 in 2023-24 with a percentage change of 14.5% over the previous year.
  • Net National Disposable Income (NNDI) rose from 2,12,58,230 in 2021-22 to 2,64,42,791 in 2023-24 with a percentage change of 14.1% over the previous year.
  • Per Capita Gross National Disposable Income increased from 1,74,816 in 2022-23 to 2,13,905 in 2023-24 with a percentage change of 13.3% over the previous year.

President's Secretariat: President of India at Brahma Kumaris Golden Jubilee Celebration

  • The President of India, Smt Droupadi Murmu, attended the golden jubilee celebration of Brahma Kumaris in Odisha.
  • She highlighted the contributions of Brahma Kumaris in spreading Indian values of non-violence, peace, harmony, brotherhood, and tolerance.
  • The President emphasized that true happiness is not solely based on material possessions and stressed the importance of limiting material desires.
  • She praised Brahma Kumaris for promoting yoga, meditation, and helping individuals realize their purpose in life.
  • The President mentioned that spiritual growth can be integrated into daily life without abandoning worldly responsibilities.

President's Speech at Berhampur University Convocation

  • The President of India, Smt Droupadi Murmu, attended and addressed the 25th convocation of Berhampur University in Ganjam, Odisha.
  • In her speech, the President highlighted the historical and cultural significance of the southern region of Odisha.
  • She praised the role of Berhampur University in education and development, especially in a tribal-dominated area.
  • The President emphasized gender equality, noting that a significant number of students at the university are girls.
  • She encouraged students to continue learning, utilize their education for the betterment of society, and contribute towards nation-building.

President's Standard and Colours Presentation by Ministry of Defence

  • President’s Standard and Colours to be awarded to four Indian Air Force Units by the Hon'ble President of India at Air Force Station Hindan on 08 Mar 2024.
  • First time in history that four units will be awarded President’s Standard & Colours together by the Indian Air Force.
  • President’s Standard and Colours is the highest military honour for any Armed Forces Unit, awarded for meritorious services rendered over the past 25 years.
  • Award acknowledges operational excellence, dedication, and proven contribution of the Units during peace and war.
  • 45 Squadron and 221 Squadron to receive President’s Standard, while 11 Base Repair Depot and 509 Signal Unit to receive President’s Colours.
  • Commanding Officers of the respective units will receive the awards from the Hon'ble President of India, Smt. Droupadi Murmu.

Prime Minister's Address at Sindri, Jharkhand - Key Points

  • Prime Minister inaugurated the Sindri fertilizer factory in Jharkhand.
  • The factory will help in producing urea domestically, moving towards self-reliance.
  • Several railway projects were also initiated, improving connectivity in Jharkhand.
  • Focus on development of tribal communities, the poor, youth, and women in Jharkhand.
  • Government aims for India to become a developed nation by 2047.
  • India's economy is growing rapidly with a recent growth rate of 8.4%.
  • Government committed to supporting Jharkhand's progress for overall development.

Prime Minister's Office

  • PM Narendra Modi dedicated multiple development projects worth Rs 7,200 crore in Arambagh, Hooghly, West Bengal.
  • Inaugurated Indian Oil's 518-km Haldia-Barauni Crude Oil Pipeline and LPG Bottling plant in Kharagpur.
  • Laid foundation stones for projects at Syama Prasad Mookerjee Port, Kolkata.
  • Dedicated important rail projects worth about Rs 2680 crores in West Bengal.
  • Inaugurated three projects related to wastewater treatment and sewerage in West Bengal.
  • Highlighted India's progress, goal of a developed India by 2047, and commitment to modernizing railways in West Bengal.
  • Emphasized the importance of development in harmony with the environment and creating employment opportunities through infrastructure projects.

Summary of 66th NPG Meeting under PM GatiShakti

  • The 66th meeting of Network Planning Group under PM GatiShakti assessed 3 roadways and 2 railways projects.
  • Highway projects in Andhra Pradesh, Madhya Pradesh, Meghalaya, and Assam were evaluated for enhancing interconnectivity, reducing congestion, and boosting economic growth.
  • Railway projects included a new Broad Gauge line between Maharashtra and Madhya Pradesh for improved connectivity and a doubling line in Uttar Pradesh to enhance efficiency.
  • The meeting focused on integrated planning, area development, and socio-economic upliftment through infrastructure projects.
  • The projects were evaluated based on PM GatiShakti principles, aiming to improve connectivity, ensure multi-modal infrastructure, and facilitate regional development.

Summary of Bharat Tex 2024 Mega Textiles Event

  • BHARAT TEX 2024 was India's largest textiles mega event with a focus on sustainability and trade and investment.
  • The event included over 100 product announcements, international MoUs, investment decisions, and research collaborations.
  • Over 3,000 buyers from 100 countries and 10,000 artisans, weavers, students, and industry participants attended the show.
  • 70 knowledge sessions led by global experts discussed textile trends and sustainability imperatives.
  • The event featured top global brands, retailers, policymakers, and CEOs, with participation from major Indian textile companies.
  • Various initiatives and projects like IndiaTEX, Textile Grand Innovation Challenge, and MoUs for collaboration in research and innovation were launched at the event.

Summary of India-Malaysia Bilateral Maritime Exercise Samudra Laksamana

  • Exercise Samudra Laksamana conducted between India and Malaysia
  • Duration: 28 Feb - 02 Mar 2024
  • Location: Visakhapatnam
  • Participating ships: Indian Naval Ship Kiltan and Royal Malaysian Ship KD Lekir
  • 3rd edition of the exercise involves harbour professional interactions and operational phase at sea
  • Harbour phase includes professional interactions, subject matter exchanges, sports events, and cooperation enhancement
  • Sea phase involves joint operations at sea to hone skills and enhance interoperability
  • Objective: Strengthening bonds and enhancing cooperation between the Indian and Royal Malaysian Navy

Summary of Ministry of Defence Announcement

  • Garden Reach Shipbuilders and Engineers Ltd. (GRSE) paid an interim dividend of Rs 90.73 Crores for FY 2023-24.
  • The government's share of the dividend, amounting to Rs. 67.59 Crore, was handed over to Raksha Mantri Shri Rajnath Singh.
  • GRSE declared an interim dividend of Rs. 7.92 per equity share of Rs.10 for FY 23-24, showing an increase from Rs. 5.50 in FY 22-23.
  • The company has consistently paid dividends to shareholders for the last 30 years and has a strong order book position of Rs 22792.89 Crore as of 31st Dec 2023.
  • GRSE is a PCMM Level-2 Certified Company with a history of building warships for the Indian Navy and other countries, including the first ever Indian Export Warship "CGS Barracuda."
  • The shipyard holds the distinction of being the highest warship builder in India, having built over 790 platforms, including 109 warships for the Indian Navy and Indian Coast Guard.

Summary of Ministry of Defence Contracts Signing

  • Ministry of Defence signed five major capital acquisition contracts worth Rs 39,125.39 crore to boost 'Aatmanirbharta in Defence' and Make-in-India initiative.
  • Contracts exchanged in the presence of Raksha Mantri Shri Rajnath Singh and Defence Secretary Shri Giridhar Aramane.
  • Contracts include procurement of Aero-engines for MiG-29 aircraft, Close-in Weapon System, High-Power Radar, BrahMos missiles, and Ship borne BrahMos system.
  • Deals aim to strengthen indigenous capabilities, save foreign exchange, and reduce dependency on foreign equipment manufacturers.
  • Contracts with HAL, Larsen & Toubro Limited, and BrahMos Aerospace Private Limited to enhance India's defence infrastructure.
  • Procurement of CIWS and HPR to provide Air Defence and radar technology advancements, creating job opportunities in aerospace and defence industries.
  • BrahMos missiles acquisition for Indian Navy's combat outfit and training requirements to generate significant employment opportunities.
  • Procurement of Ship borne BrahMos system to bolster Indian Navy's maritime strike operations with precise and supersonic capabilities, leading to job creation.

Summary of Ministry of Finance GST Revenue Collection

  • Gross GST revenue collected in February 2024: ₹1,68,337 crore, marking a Year-on-Year growth of 12.5%.
  • Average monthly gross collection for FY2023-24: ₹1.67 lakh crore, exceeding ₹1.5 lakh for FY2022-23.
  • Total gross GST collection for FY2023-24: ₹18.40 lakh crore, growing 11.7% Y-o-Y.
  • Net revenue for February 2024: ₹1.51 lakh crore, up by 13.6% Y-o-Y.
  • Inter-Governmental Settlement: ₹41,856 crore to CGST and ₹35,953 crore to SGST from IGST collected.
  • State-wise growth of GST Revenues in February 2024: Major states like Maharashtra, Gujarat, and Delhi showed significant growth.
  • SGST & IGST settlement to States/UTs: Post-settlement SGST shows growth in states like Uttar Pradesh, Odisha, and Madhya Pradesh.

Summary of Ministry of Finance Update

  • Civil Accounts Day 2024 celebrated in New Delhi to mark the 48th foundation day of Indian Civil Accounts Service (ICAS)
  • PFMS is crucial for efficient fund flow mechanism for real-time, reliable management information system
  • Finance Secretary commends CGA's initiatives in e-Bill Implementation and Bill Payment Efficiency for Union accounts
  • Urges 100% coverage of e-bill system for improved efficiency
  • PFMS instrumental in facilitating Direct Benefits Transfer of Rs. 34 lakh crores
  • ICAS recognized for adopting technology like Treasury Single Account and new fund flow mechanisms
  • CGA highlights achievements during pandemic, transferring Rs. 22.85 lakh crores, including DBT schemes
  • Successful pilot of SNA - SPARSH demonstrates robustness for efficient Cash Management
  • Efforts made by the organisation in G-20 Data Gap initiatives to move towards Green status
  • Revamped PFMS website launched with user-friendly features; FM Samman Awards distributed for innovative work

Summary of Ministry of Personnel, Public Grievances & Pensions Pension Adalat

  • The Department of Pension and Pensioners’ Welfare organized the 10th Nationwide Pension Adalat chaired by Dr. Jitendra Singh, Minister of State for Personnel, Public Grievances, and Pensions in New Delhi.
  • The Pension Adalat had representations from 12 Ministries/Departments and successfully resolved 85 cases on the spot.
  • Important cases like pending family pension, gratuity payments, additional pension on reaching 80 years, gallantry award allowance, disability pension corrections, and PPO corrections were effectively resolved during the Pension Adalat.
  • Individuals like Smt. Basamma, Shri Ramesh K, Sh. Dharamvir Singh, Shri H.C. Saji J, Shri MVV Mutyala, and Shri Ram Lal Kesherwani had their grievances redressed during the event, leading to the release of pending payments and corrections as required.

Summary of Ministry of Road Transport & Highways Announcement

  • Union Minister Nitin Gadkari inaugurated and laid the foundation stone for 8 National Highway projects in Rae Bareli, Uttar Pradesh.
  • The total cost of these projects amounts to Rs 4142 crore.
  • State Minister Dinesh Pratap Singh, MPs Kesari Devi Patel, Sangam Lal Gupta, Virendra Tiwari, along with other officials, were present at the event.
  • Rae Bareli, having significance due to its location at the confluence of Ganga, Yamuna, and Saraswati rivers, will witness development works covering 424 km of roads and other infrastructural projects.
  • Upon completion, improved connectivity within the state and the country is anticipated.

Summary of Ministry of Road Transport & Highways Announcement

  • Shri Nitin Gadkari, Union Minister for Road Transport and Highways, sanctioned Rs 3371.18 crore for 4-laning of NH-37 and NH-8 Silchar - Churaibari Corridor in Assam.
  • The allocation includes projects from Nilambazar/Cheragi bypass to Chandkhira, Chandkhira to Churaibari, and Karimganj to Sutarkandi, totaling 58.06 km under Packages V, VI, and VII of the Silchar Churaibari Corridor.
  • The project aims to create a 4-lane with paved shoulders and access-controlled corridor to enhance highway connectivity to neighboring states like Meghalaya, Manipur, and Tripura via NH-37, NH-06, and NH-08.
  • The Silchar-Churaibari corridor also strengthens international connectivity with Bangladesh via the ICP near Sutarkhandi, Assam, on NH-37, promoting seamless and secure traffic flow, supporting regional economic growth, and facilitating international trade.

Tracking the Solar Source of the Most Intense Geomagnetic Storm Last Year

  • In April 2023, a severe geomagnetic storm caused vibrant auroras in lower latitudes like Ladakh.
  • Astronomers traced the storm's origin to a filament structure near the Sun, causing a strong impact on Earth.
  • Coronal mass ejections (CMEs) from the Sun interact with Earth's magnetic field, leading to geomagnetic storms.
  • An intense storm in April 2023 was caused by a CME launched from solar Active Region 13283, resulting in a severe G4 storm.
  • Rotation of the CME structure towards Earth caused a significant magnetic storm, captured by Indian sky cameras.
  • Understanding CMEs is vital for predicting space weather impacts and requires detailed study of their magnetic structures and behavior.
  • Future research will leverage data from space observatories to improve CME prediction and tracking.

Transforming Women Entrepreneurship in India

  • Union Minister for MSME Shri Narayan Rane highlighted a significant increase in the number of women entrepreneurs in India over the last 10 years.
  • Three new initiatives were launched to boost women entrepreneurship: Panjikaran se Pragati, WEP-Unnati-Udyamita se Pragati, and a Mentorship Platform.
  • The initiatives aim to encourage women to get Udyam registered, provide capacity building support, and offer mentorship to women entrepreneurs.
  • Various dignitaries, including government officials, women entrepreneurs, and industry experts, attended the 9th Annual Shakti International Women Entrepreneurs Summit.
  • The summit, held in observance of International Women's Day, seeks to empower and celebrate women entrepreneurs while providing them with guidance and inspiration for business success.

Vice President's Address at IIT Dharwad: Key Points

  • Vice President addressed students at IIT Dharwad, Karnataka.
  • Emphasized on the need for alumni contributions for the growth of the institute.
  • Invited faculty and students to visit the new building of Indian Parliament in New Delhi.
  • Inaugurated various facilities at IIT Dharwad, focusing on green energy initiatives like rooftop solar panels.
  • Talked about the importance of equality before the law and the eradication of corruption.
  • Highlighted India's progress in disruptive technologies like Quantum Computing and Green Hydrogen mission.
  • Encouraged students to utilize the opportunities in the startup ecosystem and emphasized India's global recognition for its digital penetration.
  • Discussed India's advancements in defense manufacturing, space technology, and women empowerment.
  • Urged the youth to prioritize nationalism and uphold India's position as a global leader.

Vice President's Address on Healthcare Developments

  • Focus on the significance of good health for overall well-being.
  • Highlight the development in the health sector under the vision of the Prime Minister, including initiatives like Swachh Bharat Abhiyan and Ujjwala scheme.
  • Emphasize the importance of affordable healthcare services and accessibility to clean drinking water.
  • Discuss the exponential growth in the health sector, mentioning Aayushman Bharat as the world's largest health insurance scheme.
  • Highlight the increase in the number of medical institutes, medical education opportunities, hospitals, and nursing colleges.
  • Encourage medical establishments to focus on providing quality healthcare services rather than commercial gains.
  • Emphasize the role of individual contribution to maintaining and improving national health, referencing cultural heritage and practices like yoga.
  • Stress the importance of 'Fit India' for achieving national development goals.
  • Reiterate the priority of national interest and firm commitment to nationalism, emphasizing no compromise on national principles.

Vice President's Vision for India's Progress

  • Vice President Shri Jagdeep Dhankhar stated that India is progressing in every aspect, emphasizing the unstoppable rise of the country.
  • He inaugurated various projects at IIT Dharwad, including the main gate complex, knowledge resource center, and rooftop solar panel facility.
  • VP highlighted the importance of equality before the law for a complete democracy and praised recent reforms for bringing transparency to the system.
  • He called upon the youth to counter anti-national narratives and be proud of India's growth, mentioning achievements in defense equipment manufacturing and export.
  • Union Minister Shri Pralhad Joshi commended VP for being the youngest lawyer to be designated as a 'Senior Advocate' by the Supreme Court.

Virtual Launch of Infrastructure Projects by Ministry of Finance

  • Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman, launched seven infrastructure projects worth over Rs. 1,000 crore virtually from New Delhi.
  • The projects aim to boost infrastructure development and provide modern amenities.
  • The projects include new residential quarters for the Income Tax Department in Faridabad and Gurugram, as well as the Central Board of Indirect Taxes and Customs residential complex in Dwarka, New Delhi.
  • Additionally, new buildings were inaugurated for State Bank of India, Life Insurance Corporation of India, Canara Bank, and United India Insurance Company Ltd., aiming to enhance business activities.
  • The initiatives are focused on providing better facilities and welfare for officers and officials while ensuring timely completion of projects.
  • The projects comply with green building norms and aim at the overall development in the sector.

Workshop on Science Communication by CSIR-NIScPR

  • The CSIR-National Institute of Science Communication and Policy Research (NIScPR) organized a workshop on communicating science in print and electronic media.
  • The workshop aimed to empower the Science Media Communication Cell (SMCC) with effective strategies to communicate science and technology (S&T) information to society.
  • Prof. Ranjana Aggarwal emphasized the importance of leveraging electronic media for science communication.
  • Shri Anjay Mishra highlighted the efficacy of science programs on electronic media, especially television, and provided insights on enhancing their presentation.
  • Shri Mohan Sagoriya discussed precautions for popular science writing and selecting S&T content for print media, like science magazines.
  • The workshop equipped participants with skills of creating and disseminating science-centric content effectively and understanding the impact of visuals and videos in science communication.
  • Dr. Manish Mohan Gore outlined the mandate of SMCC and its purpose, focusing on advancing science communication and promoting scientific awareness among the public.
  • CSIR-NIScPR is dedicated to advancing science communication, evidence-based S&T policy research, and promoting scientific awareness among the public.
  • SMCC is a recent initiative by CSIR-NIScPR to disseminate S&T achievements of Indian laboratories through various media.

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