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CURRENT AFFAIRS BOOSTER : 31st MARCH 2023
Current Affairs
31st March 2023
NATIONAL AFFAIRS
1) MoD signs 3 Defence Contracts worth ∼Rs 5,400cr for Indian Army & Indian Navy
On March 29, 2023, the
Ministry of Defence (MoD) has signed three contracts worth ∼ Rs 5,400 crore for Indian Army (IA), and Indian Navy
(IN) under the Buy {Indian – IDMM (Indigenously Designed Developed and
Manufactured)} to boost defence capabilities of India. These include the
following:
i.Two contracts are signed with Bharat Electronics Limited
(BEL) worth Rs 2,400 crore viz.
·
Procurement of Automated Air
Defence Control and Reporting System ‘Project Akashteer’ for IA worth Rs
1,982 crore
·
Sarang Electronic Support
Measure (ESM) systems for the Navy worth Rs 412 crore
ii.One contract is signed with the NewSpace
India Limited (NSIL), a Central Public Sector Enterprise (CPSE) under the
Department of Space, Bengaluru (Karnataka) for Rs 2,963 crore for
an advanced communication satellite, GSAT (Geosynchronous Satellite System) 7B,
for IA.
On 30th March 2023, MoD signed a contract worth Rs 1,700 crore with BEL for the
procurement of 13 Lynx-U2 Fire Control Systems for Indian Navy.
About Ministry of Defence (MoD):
Union Minister– Rajnath Singh (Constituency- Lucknow, Uttar Pradesh)
Minister of State– Ajay Bhatt (Constituency- Nainital-Udhamsingh Nagar,
Uttarakhand)
2) MeitY approves setting up of Electronics Manufacturing Cluster at Dharwad in Karnataka
On 24th March 2023, Rajeev
Chandrasekhar, Union Minister of State, Ministry of Electronics &
Information technology(MeitY), announced that MeitY has approved to set up
Rs 180 crore worth Electronics Manufacturing Cluster (EMC) at at Kotur-Balur
Industrial Area in Dharwad, Karnataka, which is expected to create over 18,000
jobs.
·
The project, which is being
set up under Modified Electronics Manufacturing Cluster (EMC 2.0) scheme,
is expected to catalyse more than Rs 1,500 crore worth of investments very
soon.
·
With the potential to employ
2,500 people, 9 businesses, including start-ups, have already committed to
investing Rs 340 crore.
·
EMC 2.0 scheme was introduced
on 1st April 2020 with an objective to create world class infrastructure along
with common testing facilities.
· Under the Scheme, 3 EMC over an area of 1,337 acres with a project cost of Rs 1,903 crore, including Central financial assistance of Rs 889 crore has been approved which projected an investment target of Rs 20,910 crore.
3) PM Narendra Modi Inaugurates 13.7km Whitefield-KR Pura Metro Line in Bengaluru
On 25th March 2023, Narendra
Modi, Prime Minister(PM) of India, inaugurated the 13.7 kilometres (Km) commercial
operations of the Bengaluru Metro Rail Corporation (BMRCL) from Whitefield
(Kadugodi) to Krishnarajapuram Metro stretch in Bengaluru, Karnataka. The
operations started on 26th March 2023.
This is the 2nd largest Metro
network in India after Delhi Metro and Whitefield is the first tech corridor
connected by Metro in Bengaluru.
·
BMRCL is yet to connect the KR
Puram- Byappasahalli section (2 km). At present, the Whitefield Metro section
is a standalone line.
·
The 13.7 Km segment will
reduce journey times by 40% and benefit 5 lahks to 6 lakh people who work in IT
parks, export promotion industrial areas, malls, and hospitals.
·
The maximum fare between
Whitefield and KR Puram is priced at Rs 35, and the travel time between both
destinations is 22 minutes.
Bengaluru’s Metro network will have 69.6 kilometres and 63 stations with the commissioning of this stretch.
INTERNATIONAL AFFAIRS
4) Arton Capital’s Passport Index 2023: India Ranked 144 with Mobility Score 70; UAE Ranks 1st
According to Arton Capital’s latest
update of ‘Passport Index 2023’(as of March 2023), India’s Mobility
score (MS) has reduced by three places to 70 from 73 in 2022. India’s
Individual Passport Power Rank also fell by six places to 144 from 138 in 2022.
·
UAE ranks 1st in the Global
Passport Power Rank 2023 with a Mobility Score of 181. Afghanistan is
ranked last with a Mobility Score of 38.
Asia:
·
South Korea, which is 12th in
the individual rankings with a mobility score of 174, has the highest score in
Asia.
·
Japan in 26th with a mobility
score of 172 is its closest Asian competitor.
·
China ranked relatively lower
than other large economies at 118th in the Passport Index individual rankings.
Note – The global average MS stood
at 110 with an average rank of 45.
Mobility Score (MS): It is the total number of countries that can be
easily accessed with a given passport. It is a calculated total based on
Visa-free, Visa-on-arrival, eTA (Electronic Travel Authorizations), and eVisa
(issued within 3 days).
5) WHO Certifies Azerbaijan and Tajikistan as Malaria-Free Countries
Azerbaijan and Tajikistan have
been certified as “malaria-free” by the World Health Organization (WHO)
for having eradicated malaria in their territories after making a consistent,
century-long effort to eliminate it.
·
Azerbaijan reported its last
case of locally transmitted Plasmodium vivax (P. vivax) malaria in 2012, and
Tajikistan in 2014.
With this declaration, the WHO
has certified 41 countries and 1 territory as malaria-free,
including 21 countries in the European Region.
Significance
i.The accomplishments of Azerbaijan and Tajikistan are made possible by
persistent investment and the dedication of the health workforce, as well as
targeted prevention, early identification, and treatment of all malaria cases.
ii.The WHO European Region has now become two steps closer to becoming
the very first fully malaria-free region in the world.
WHO Malaria-Free Certification
i.The Malaria Elimination Certification is the official acknowledgement
of a country’s malaria-free status, awarded by the WHO.
ii.A nation is given the certification if it can demonstrate, via
rigorous, credible evidence, that the chain of indigenous malaria transmission
by Anopheles mosquitoes has been disrupted nationwide for at least the past 3
consecutive years.
·
A country must also
demonstrate its ability to prevent transmission from resuming.
iii.The independent Technical Advisory Group
on Malaria Elimination and Certification (TAG-MEC) makes
recommendations to the WHO Director-General, who ultimately decides regarding
the issuance of a malaria-free certification.
·
The TAG-MEC is an advisory
body that recommends WHO on whether malaria-free certification should be
granted to a country based on its government’s request or if a country’s
malaria-free certification should be withdrawn.
WHO Global Malaria Programme
(GMP)
i.The WHO Global Malaria Programme (GMP) is responsible for
overseeing the organization’s global efforts to combat and eradicate malaria.
ii.Its activities are governed by the “Global Technical Strategy for
Malaria 2016-2030,” which was adopted by the World Health Assembly in May 2015
and updated in 2021.
About the World Health Organization (WHO):
Director-General – Dr. Tedros Adhanom Ghebreyesus
Establishment – 1948
Headquarters – Geneva, Switzerland
BANKING & FINANCE
6) SEBI postponed freezing MF Folios without Nomination to Sept 30, 2023; Introduces Framework for Scheme of Arrangement by Unlisted MIIs
i.On March 28, 2023, the Securities and Exchange
Board of India (SEBI) postponed the decision to freeze Mutual Fund (MF) folios
without nomination to September 30, 2023 instead of March 31, 2023.
ii.In lieu with the current decision, Asset management company (AMCs)
and Registrar & Transfer agents (RTAs) will encourage their
customers/unit holders via Emails (Electronic Mail) and SMS (Short Message
Service) to complete the nomination process.
iii.On the recommendations of Secondary Market Advisory Committee
(SMAC) chaired by Gurumoorthy Mahalingam, SEBI introduced a
framework for ‘Scheme of Arrangement by unlisted Market Infrastructure
Institutions (MIIs)‘ to bring uniformity in the norms in line with
provisions currently applicable to listed MIIs.
iv.The framework will be applicable from April 27, 2023.
About Securities Exchange Board of India (SEBI):
Chairperson– Madhabi Puri Buch
Headquarters– Mumbai, Maharashtra
Establishment– 12 April 1992
7) WB Approves USD 100 Million Loan to Odisha to Enhance Social Protection & Disaster Resilience
The World Bank (WB)
Board of Executive Directors has approved a USD 100 million loan from
the International Bank for Reconstruction and Development (IBRD) to the
Indian state of Odisha.
Objective: To boost Odisha’s early forecasting systems for better
disaster response and to expand social protection coverage for poor and
vulnerable households via digital platforms.
i.The IBRD loan of USD 100 million has a maturity period of 12.5
years and a grace period of 3 years.
The World Bank (WB) Board of Executive Directors has approved a USD 363
million loan from the IBRD to the southern Indian state of Karnataka.Objective:
To install piped water connections in the 2 million rural households in the
state and supply them with clean drinking water.
i.The IBRD loan of USD 363 million has a maturity of 13.5 years,
including a 2-year grace period.
About the World Bank (WB):
President (WB Group) – David Robert Malpass
Establishment – 1944
Headquarters – Washington D.C, United States (US)
8) DFS gave Rs 8,800 cr capital to SBI without the Bank asking for it in FY18: CAG Report
As per the Compliance Audit
Report No. 1 of 2023 of the Comptroller and Auditor General (CAG) of India on
Union Government (Economic and Service Ministries – Civil) for the year ended
March 2021, presented in Parliament, the Department of Financial Services
(DFS), Ministry of Finance had given Rs 8,800 crore to the State Bank of India
(SBI) as part of a recapitalization exercise/credit growth in FY18.
·
Notably, SBI didn’t ask for
such funds.
Key Points:
i.DFS did not conduct an assessment of the capital requirement as per
its own standard practice before recapitalization.
ii.It considered cushion over and above the norms prescribed by the
Reserve Bank of India (RBI) while recapitalizing PSBs (Public Sector Banks)
·
RBI had already prescribed
enhanced capital requirements of an additional 1% on banks in India.
·
This resulted in an excess
infusion of Rs 7,785.81 crore.
iii.DFS infused Rs 831 crore into Bank of Maharashtra
in FY20 against the bank’s demand of Rs 798 crore to avoid the surrender of
funds amounting to Rs 33 crore
Note: The aim of the government’s recapitalization of PSBs is to
boost credit growth and fulfill regulatory capital requirements. This move also
enables banks, which were placed under the RBI’s Prompt Corrective Action
framework, to recover and meet their capital needs. It also helps to fulfill
the capital requirements that arise due to the amalgamation process.
ECONOMY & BUSINESS
9) GTRI Report: India’s Merchandise Imports to Exceed USD 710 Billion in FY23
According to a report by the economic think tank
Global Trade Research Initiative (GTRI), India’s merchandise imports for
the fiscal year ending March 2023 (FY23) are projected to exceed USD
710 billion, up from USD 613 billion in FY22 (2021-2022), a 15.8% increase
over last year.
·
Six product
categories such as Crude oil, coal, diamonds, chemicals, electronics, and
machinery—accounted for 82% of India’s total FY23 merchandise imports,
which is primarily responsible for the increase in inbound shipments of
merchandise.
Estimated value of six Key
Product Categories
·
Petroleum, Crude Oil – USD 210
Billion
·
Coal, Coke – USD 51 Billion
·
Diamonds, Precious Metals –
USD 77 Billion
·
Chemicals, Plastics – USD 98.2
·
Electronics – USD 69 Billion
·
Machinery – USD 76 Billion
About Global Trade Research
Initiative (GTRI):
GTRI’s mission is to produce high-quality, jargon-free outputs for governments
and industry on trade, technology, and investment issues from the standpoint of
development and poverty reduction.
Co-Founder – Ajay Srivastava
10) NTPC, Ceylon Electricity Board Jointly Agreed to Build Solar Power Plant in Sri Lanka
National Thermal Power
Corporation (NTPC) of India and the Ceylon Electricity Board of Sri Lanka
jointly entered into an agreement to build a 135-megawatt solar power plant in
the Sri Lanka’s eastern port district of Trincomalee in two stages to promote
renewable energy.
·
The cabinet of Sri Lanka has
given approval for the project as the country aims to generate 70% of its
electricity requirement by 2030 from renewable energy sources.
Two Stage of Implementation:
i.At the first stage of the project, it is expected to implement a solar
power project of 50 megawatts with a total estimated investment of USD 42.5
million and to construct a 220 kilowatts transmission line with 40-km length
from Sampoor to Kappalthure spending USD 23.6 million.
·
It is expected to complete
this stage in two years from 2024 to 2025
ii.The second stage of the project will include
construction of a solar power generation plant with an additional 85 megawatts
under a total investment of USD 72 million.
Under the agreement, India will provide continuous transmission of
infrastructure in places where agreed mutually in Sri Lanka including the
northern and eastern provinces in cooperation with private and state
entrepreneurs in India and Sri Lanka.
Note – The agreement made in 2013 with NTPC to build a thermal
power plant in Sampur, Sri Lanka was abandoned over objections to the
environmental hazards of using coal for power generation.
AWARDS & RECOGNITIONS
11) Mumbai Ranks in the World Tree City 2022 List for the 2nd Consecutive Year
In March 2023, the Arbor Day
Foundation (ADF) and the United Nation’s Food and Agriculture Organization
(FAO) of the United Nations(UN) recognised Mumabi (Maharashtra) in the ‘2022
Tree Cities of the World’ for its contributions and commitment towards growing
and maintaining the urban forest.
Key Points:
i.Mumbai is being recognised in the international
program, Tree cities of the World, for the second consecutive year. In 2021, it
shared the honour with Hyderabad.
ii.ADF Chief Executive Dan Lambe has awarded the Tree
Cities of the World certificate signed by Hiroto Mitsugi, Assistant
Director-General, FAO Forestry Department, to the BMC authorities in the Tree
City of the World programme.
·
Note – Brihanmumbai Municipal
Corporation (BMC), also known as the Municipal Corporation of Greater Mumbai
(MCGM).
iii.Mumbai fulfilled the five ADF criteria such
as
·
Determining responsibilities
for tree care,
·
Setting rules to govern urban
forests and tree management,
·
Maintaining an up-to-date
inventory or assessment of local tree assets,
·
Allocating resources for a
tree management plan, and
·
Organizing an annual tree
festival to educate citizens.
iv.Mumbai city is rich in trees due to efforts like
proper maintenance of trees, continuity for planting new trees, and extensive
implementation of urban forests.
About Tree Cities of the World
programme:
i.The Tree Cities of the World programme was launched
in 2019 by FAO and the ADF, the world’s largest non-profit membership
organization dedicated to planting trees, to connect cities worldwide in a new
network dedicated to adopting the most successful approaches to managing urban
trees and forests.
ii.The first Tree Cities of the World Conference was
held virtually in October 2020.
iii.In the past 50 years, the ADF has planted more than 35 crore trees worldwide, with a target of 50 crore more trees by 2027.
12) Chameli Devi Jain Award 2022: Journalist Dhanya Rajendran received for ‘Outstanding Woman Mediaperson 2022’
On 21st March 2023, Dhanya
Rajendran, Co-founder and editor of the
news website “The News Minute”, was awarded the Chameli Devi Jain
Award for ‘Outstanding Woman Mediaperson 2022’ at the event at the India
International Centre in New Delhi, Delhi.
·
Dhanya Rajendran’s work showed
a blend of meticulous reportage and data reflecting not only individual merit
but the pursuit of committed journalism.
·
The award citation took noted
her work on subjects like women’s rights, climate, child abuse and state of
prisons in India.
Chameli Devi Jain Award, instituted in 1982 and administered by the Media Foundation, is the annual award named after Chameli Devi Jain, a freedom fighter and a community reformer who went to jail during the freedom movement.
APPOINTMENTS & RESIGNATIONS
13) Humza Yousaf sworn in as Scotland’s First Minister; Scotland’s 1st Muslim Leader
On 29th March 2023,
Pakistani-origin Humza Yousaf (37), the new leader of the Scotland
National Party (SNP), was legally sworn in as the new First Minister of
Scotland at the Court of Session, Edinburgh. Humza Yousaf is the 1st Muslim
to lead a democratic western European nation(Scotland).
·
He is the 6th politician to
occupy the position and will now be the Keeper of the Scottish Seal after
taking the oath of office and pledging his allegiance to King Charles III.
·
Humza Yousaf succeeded Nicola
Sturgeon, former First Minister of Scotland, who resigned from her post in
February 2023.
About Humza Yousaf:
i. Humza Haroon Yousaf was born in Glasgow, Scotland, on 7th April
1985. His father Muzaffar Yousaf was born in Pakistan, and his mother
Shaista Bhatta mother was born in Kenya.
ii. His political career began in 2011 when he was elected as a Member
of the Scottish Parliament (MSP) for Glasgow at the age of 25, making him the
youngest MSP at the time.
·
He has held many ministerial
positions in the Scottish Government since 2012 and joined the cabinet in June
2018 as Cabinet Secretary for Justice.
·
In 2021, he was appointed as
Cabinet Secretary for Health and Social Care.
iii. He served as the Scottish National Party
(SNP)’s Minister for Foreign Affairs and International Development,
Minister for Transport and the Islands, and most recently Cabinet Secretary for
Health and Social Care throughout the past decade.
iv. Humza Yousaf had always fought for social justice, equality, and
human rights throughout his political career.
v. He played a critical role in the successful passage of the Marriage
and Civil Partnership (Scotland) Act, which legalised same-sex marriage in
Scotland, in 2012.
Awards:
Humza Yousaf received the prestigious Sitara-i-Quaid-i-Azam award in 2016,
one of Pakistan’s highest civilian honours, from then Pakistan’s President
Mamnoon Hussain in appreciation for his efforts to improve ties between
Scotland and Pakistan.
About Scotland:
Scotland is a member nation of the United Kingdom. With devolution in 1999, the
Scottish Parliament and Scottish Ministers received powers formerly held by the
UK Government.
First Minister- Humza Yousaf
Capital- Edinburgh
Currency- Pound Sterling
14) SpiceJet CMD Ajay Singh takes over as ASSOCHAM President
Ajay Singh, Chairman & Managing
Director (CMD) of SpiceJet has taken over as President of the Associated
Chambers of Commerce and Industry of India (ASSOCHAM), India’s oldest
apex chamber.
·
Ajay Singh succeeds Sumant
Sinha, Chairman & Chief Executive Officer (CEO) of ReNew, whose tenure
as Chairman of ASSOCHAM ended on 28th March 2023.
Sanjay Nayar, Founder and Chairman of
Sorin Investment Fund, is the new Senior Vice-President of ASSOCHAM.
About Ajay Singh:
i. Ajay Singh is an Indian businessman, sports administrator, bureaucrat
and investor.
ii.He co-founded SpiceJet in 2005 and served as its Chief Executive
Officer (CEO) from 2005 to 2010. He exited the airline in 2010 and rejoined in
2015 as CMD.
iii. He is also the President of the Boxing Federation of India, and
Vice President of the International Boxing Association.
iv. He was the 1st Indian to chair the Aviation, Travel and Tourism
(ATT) Governor’s Meeting at the World Economic Forum, Davos, Switzerland, in
January 2019.
v. He was nominated to the Board of Governors of the International Air
Transport Association.
vi. He is the Chairman of the Confederation of Indian Industry (CII)
National Committee on Civil Aviation and also the Chairman of the World Travel
and Tourism Council, India Initiative.
About the Associated Chambers of Commerce and Industry of India
(ASSOCHAM):
President- Ajay Singh
Headquarters- New Delhi, Delhi
Establishment- 1920
SPORTS
15) ISSF Rifle/Pistol World Cup 2023 in Bhopal: India Finished 2nd with 7 medals, India’s Sarabjot Singh won Gold
International Shooting Sport
Federation (ISSF) Rifle/Pistol World Cup 2023 was held from 20th to 27th
March 2023 in Madhya Pradesh State Shooting Academy, Bhopal, Madhya
Pradesh(MP). India secured the 2nd position in the ISSF Rifle/Pistol World
Cup 2023 with 7 medals(1 gold, 1 silver and 5 bronze).
·
Indian shooter Sarabjot
Singh won the gold medal in 10m Air Pistol Men and Rhythm Sangwan
and Varun Tomar won the silver medal in 10m air pistol mixed team.
·
China topped the medal tally with 12 medals(8 gold, 2
silver and 2 bronze) while Germany came 3rd with 3 medals(1 gold, 1 silver and
1 bronze).
About International Shooting
Sport Federation (ISSF) :
ISSF is the governing body of the Olympic shooting events in rifle, pistol and
shotgun (clay target) disciplines, and of several non-Olympic shooting sports
events.
President– Luciano Rossi
Headquarters– Munich, Germany
IMPORTANT DAYS
16) UN’s First International Day of Zero Waste – 30th March 2023
The United Nations(UN)’s first
ever International Day of Zero Waste was observed on 30th March 2023
to create awareness about the importance of zero waste and encourage everyone
to prevent and minimize waste and promotes a societal shift towards a circular
economy.
·
The day also recognises the
contribution of responsible consumption and production practices and urban
waste management in achieving sustainable development goals(SDGs).
The day is jointly facilitated
by the UN Environment Programme (UNEP) and the UN Human Settlements
Programme (UN-Habitat).
Background:
i.The United Nations General Assembly(UNGA) adopted the resolution A/RES/77/161
on 14th December 2022 at its 77th session and proclaimed the 30th March
of every year as the International Day of Zero Waste.
·
This followed the other
resolutions focused on waste, including “End plastic pollution: towards an
internationally legally binding instrument”, adopted at the UN Environment
Assembly on 2 March 2022.
ii.This resolution was proposed by Türkiye alongside
105 other countries.
About United Nations Environment Programme (UNEP):
Executive Director– Inger Andersen
Established in 1972
Headquarters– Nairobi, Kenya
17) Union Home Minister Amit Shah attends 84th Raising Day of CRPF in Chhattisgarh
On 25th March 2023, Amit Shah,
Union Minister of Home Affairs, attended the 84th Raising Day event of the
Central Reserve Police Force (CRPF) as Chief Guest at Jagdalpur, Bastar,
Chhattisgarh.
·
On the occasion, Amit Shah
also took the salute of the parade and also inaugurated Prasar Bharati’s news
bulletin for the Bastar Division in the local language of Halbi.
The CRPF came into existence
as Crown Representative’s Police on 27th July 1939. It became the Central
Reserve Police Force on the enactment of the CRPF Act on 28th December 1949.
·
The CRPF is India’s largest
Central Armed Police Force (CAPF), with about 3.25 lakh personnel.
· It is designated as the lead national internal security force operating in 3 main domains of Left Wing Extremism (LWE), counter-insurgency operations in the Northeast, and counter-terrorist operations in Jammu and Kashmir.
STATE NEWS
18) Himachal Pradesh Assembly Passed Rs 56,683 Crore Budget for FY24
On 29th March 2023, the
Legislative Assembly of Himachal Pradesh(HP) passed the Rs 56,683.69
annual budget for Financial year 2023-2024.
CM also introduced the related
Himachal Pradesh Appropriation Bill 2023 in the state assembly, which was
passed by voice note.
·
With this, the governmentof HP
is authorized to withdraw funds from the consolidated fund for the use during
FY24.
Background:
i.On 17th March 2023, Sukhvinder Singh Sukhu, Chief Minister(CM) and
Finance Minister of HP, presented his first budget for HP with an outlay
of Rs 53,613 crore.
ii.After discussion on the demands for grants of the budget between the
ruling party (Indian National Congress -INC) and the opposition(Bharatiya
Janata Party – BJP) from 20th to 23rd March 2023, there has been an increase of
Rs 3064.69 crore in the budget for FY24.
About Himachal Pradesh:
Chief Minister– Sukhvinder Singh Sukhu
Governor– Shiv Pratap Shukla
Wildlife Sanctuary– Kalatop-Khajjiar Wildlife Sanctuary; Kanawar
Wildlife Sanctuary
Festivals– Basant Panchami; Lossar
19) Arunachal Pradesh to sign MoA with CPSUs to set up 5 Hydropower Plants
On 29th March 2023, the Meeting of the Arunachal
Pradesh cabinet chaired by Pema Khandu, Chief Minister(CM) of Arunachal
Pradesh, approved the proposed signing of the Memorandum of Agreement (MoA)
with the 2 Central Public Sector Undertakings (CPSUs) to hand over five
terminated hydropower projects with a generation capacity of 2823 MW
The 2 CPSUs are: North Eastern Electric Power Corporation Limited (NEEPCO) and
Satluj Jal Vidyut Nigam Limited(SJVN).
Details:
The hydropower projects Naying (1,000 MW) and Hirong (500 MW) would be handed
over to the NEEPCO; and Emini (500 MW), Amulin (420 MW) and Minundon (400 MW)
would be handed over to SJVN for development.
Note: The 5 projects would require an investment of Rs 40,000
crore in the next five to seven years
Other Cabinet Approvals:
i.13 priority projects totalling 12,343 MW of power capacity have an
action plan prepared to commence work.
ii. A total of Rs 1.5 lakh crore would be invested as a result, and
Arunachal Pradesh will receive Rs 2,000 crore in revenue as well as about Rs
350 crore annually for LAD.
iii. The Cabinet also approved for the state government’s power sector
revenue to be invested in government bonds for Arunachal Pradesh’s development.
iv. The cabinet also approved the proposal for renewal of MoA and
support to 4 events: Arunachal Got Talent, Arunachal Idol, Miss Arunachal and
Mr Arunachal, for another 3 years as annual calendar events with effect from
the financial year 2023-24.
v. The cabinet further decided to increase the grant in aid for the
above events from the existing Rs 40 lakh to Rs 80 lakhs respectively.
About Arunachal Pradesh:
Chief Minister- Pema Khandu
Governor- Lt Gen (Retd) Kaiwalya Trivikram Parnaik
Wild Life Sanctuary- Dibang Wildlife Sanctuary; Pakke Wildlife Sanctuary
Tiger Reserves- Namdapha Tiger Reserve; Pakhui Tiger Reserve
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