11.02.22 APPSC Daily Current Affairs

 

ANDHRA PRADESH

Andhra Pradesh CM YS Jagan Mohan Reddy to release Rs 534-crore crop loss subsidy to farmers

Chief minister YS Jagan Mohan Reddy will release input subsidy of Rs 534 crore to farmers who lost crops due to heavy rains and floods during November 2021.

He will also release Rs 29.51 crore to various farmers groups under YSR YantraSevaPathakam (farm mechanization scheme). About 5.71 lakh farmers would receive the input subsidy directly into their bank accounts soon after the chief minister releasing the input subsidy from the camp office. Similarly, 1220 farmers groups would get the benefit under farm mechanization scheme.

Agriculture minister KurasalaKannababu said chief minister YS Jagan Mohan Reddy is very particular about clearing the input subsidy to the farmers who lost their crops due to natural calamities even before the completion of the crop season.

The state government had so far extended Rs.1605 crore of financial assistance through input subsidy to about 19.67 lakh farmers since YS Jagan Mohan Reddy took over the reins of the state.

 

INTERNATIONAL

 

ADB: USD 4.6 bn Loans to India In 2021

 

The information officially released by the Asian Development Bank (ADB) provided a record USD 4.6 billion in sovereign lending to India in 2021.

Highlights:

The information officially released by the Asian Development Bank (ADB) provided a record USD 4.6 billion in sovereign lending to India in 2021.

This included USD 1.8 billion towards coronavirus disease (COVID-19) pandemic response. The ADB’s regular funding program to India supports transport, urban development, finance, agriculture, and skills building.

The ADB’s project portfolio in 2021 reflected the Indian government’s specialization in transforming cities into economically vibrant and sustainable communities.

ADB committed USD 4.6 billion for 17 loans.

 

One Ocean Summit: 11 February

 

In a video message, Prime Minister Narendra Modi addressed the “One Ocean Summit” on 11 February 2022.

Highlights:

The One Ocean Summit was organized to mobilize the international community to require tangible action to support and preserve healthy and sustainable ocean ecosystems.

France organized the Summit from 9 February to 11 February 2022 in cooperation with the planet Bank and United Nations in Brest.

The Summit was addressed by many other heads of state and governments from the UK, Germany, Japan, South Korea, and Canada.

 

 

NATIONAL

 

India Press Freedom Report 2021

 

The India Press Freedom Report, 2021, was recently released by the Rights and Risks Analysis Group.

Highlights:

The Rights and Risks Analysis Group recently released the India Press Freedom Report 2021. Consistent with the report, 13 media houses and newspapers were targeted, 108 journalists were attacked, and 6 were killed.

Jammu and Kashmir, Uttar Pradesh, Madhya Pradesh, and Tripura topped the States and Union Territories list where journalists and media houses were targeted in 2021.

Twenty-four journalists were attacked physically, obstructed, threatened, and harassed for doing their work. Public officials made these attacks.

This includes police attacks also. Seventeen of those attacks were police attacks. 44 FIRs were registered against journalists in 2021. Of this, 21 were registered under Section 153 of IPC.

 

Khadi Emporium Cancelled By KVIC

 

Khadi and Village Industries Commission (KVIC) has canceled the “Khadi Certification” of its oldest Khadi Institution named Mumbai Khadi& Village Industries Association.

Highlights:

Khadi and Village Industries Commission (KVIC) has canceled the “Khadi Certification” of its oldest Khadi Institution named Mumbai Khadi& Village Industries Association (MKVIA).

This MKVIA has been running the favored “Khadi Emporium” at Metropolitan Insurance House, Mumbai, since 1954.

KVIC has canceled the license of MKVIA because the latter had started selling fake Khadi products, which was against the “zero-tolerance” policy of KVIC against the sale of spurious/non-Khadi products.

 

Switch Operation of Rs. 1,19,701 crores Done By GoI

 

The Government of India has done a conversion switch transaction of its securities with the Federal Reserve Bank of India (RBI) for 1,19,701 crores.

Highlights:

The Government of India has done a conversion switch transaction of its securities with the Federal Reserve Bank of India (RBI) for 1,19,701 crores (face value).

The transaction involved buying back securities that are being matured in F.Y. 2022-23, F.Y. 2023-24, and F.Y. 2024-25 from the RBI and issuing fresh securities for the equivalent market price to form the transaction cash neutral.

The transactions were administered using Financial Benchmarks India Private Limited (FBIL) prices as of January 28, 2022.

 

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