10-07-21 Daily-Odisha-OPSC Current Affairs

The on Tuesday approved five Investment proposals in the Metal sector worth Rs 1.46 lakh crore with an aim to double steel production in the state over the next few years. While the states existing steel-making capacity is about 30 mtpa, the high-level clearance authority led by chief ministerNaveen Patnaikapproved another 27.5 mtpa capacity. All five approved proposals are expansion of existing facilities.

The approved projects include expansion ofBhushan Power and SteelLimiteds (BPSL) plant from 5 mtpa to 15 mtpa. Around Rs 55,000 crore will be invested in the expansion project located at Rengali in Sambalpur while it is expected to generate EMPLOYMENT opportunities for over 10,000 people.

Nearly six years after dedication of the first phase of Tata Steels plant at Kalinganagar in Jajpur district, the companys proposal for its expansion from 3 mtpa to 8 mtpa got the governments nod.Tata Steelwould invest Rs 47,599 crore in the expansion project and set up several other ancillary units to generate over 4,600 jobs. The chief minister had dedicated the companys 3 mtpa plant in November 2015. The panel also approvedJindal Steeland Power Limiteds revised expansion plan of its Angul plant from 6 mtpa to 25.2 mtpa to make it the largest single location steel plant in the world.

The Union Minister of Ayush launched five important portals and issued four publications.

Highlights:

Ayurveda Dataset on Clinical Trial Registry of India (CTRI): The CTRI is a primary Clinical Trials Registry under the WHO’s International Clinical Trials Registry Platform. The creation of an Ayurveda Dataset in CTRI makes it easier to use Ayurvedic terminologies to record clinical studies based on Ayurvedic interventions. This will increase the global visibility of Ayurveda-based clinical trials.

CCRAS-RMIS: Research Management Information System is a one-stop solution for Ayurveda-based research and development. The portal provides free reference material, research tools, and clinical and scientific advice. It was created in collaboration with the Central Council for Research in Ayurvedic Sciences (CCRAS) and the Indian Council of Medical Research (Icmr).

E-Medha (electronic Medical Heritage Accession) Portal: NIC’s e-granthalaya platform provides online public access to a catalogue of over 12000 Indian medical heritage books.

On the occasion of Ashadhi Bij, the Kutchi New Year, Prime Minister Narendra Modi greets the people.

About Ashadhi Bij:

Ashadhi Bij is an auspicious day for agricultural communities in northern India, espicially Uttar Pradesh, Gujarat, and other places.
The festival takes place on the second day of the Shukla Paksha of the Hindu calendar’s Ashadha month.
The festival, known as the Kutchi New Year, is associated with the start of the rains in Gujarat’s Kutch region.
During this festival, farmers, astrologers, and others forecast the monsoon to determine which crop will be the most productive in the coming season.

A sandcastle made in Denmark has entered into new Guinness World Record for being the tallest sandcastle in the world.

Highlights:

The triangular-shaped sandcastle has been constructed in the town of Blokhus in Denmark. It stands at the height of 21.16 metres (69.4 feet). This new structure is 3.5m taller than the preceding report held with the aid of a sandcastle measuring 17.66 m in Germany in 2019. Dutch creator, Wilfred Stijger, was once assisted through 30 of the worlds first-class sand sculptors. The shape is built in the form of a triangle to avoid collapsing like many others have. A wood structure used to be built around it to enable the artist to carve the top-notch figures in the sand.

By flying through the plumes of Saturn’s moons (Titan and Enceladus), NASA’s Cassini spacecraft discovered an abnormally high concentration of methane, as well as carbon dioxide and dihydrogen

Highlights:

It discovered methane in Titan’s and a liquid ocean with erupting plumes of gas and water on Enceladus.

An international research team used new statistical methods to determine whether methanogenesis, or microbe-produced methane, could explain the molecular hydrogen and methane.

The /OECD Inclusive Framework Tax Agreement has been signed by India.

Highlights:

Most members of the G20/OECD Inclusive Framework for Basic Erosion and Profit Shifting, including India, passed a high-level statement containing an outline of a consensus solution to the Taxation challenges posed by the digitalization of the economy.

The proposed solution is consists of two components:

Pillar One, which consists of re-allocating an additional share of profit to market jurisdictions; and

Pillar Two, which consists of a minimum tax and is subject to tax rules.

Some significant issues, such as profit allocation and the scope of subject to tax rules, remain unresolved and must be addressed.

Furthermore, the proposal’s technical details will be worked out in the coming months, with a consensus agreement expected by October 2021.