ODISHA
Odisha government approves drinking water projects worth Rs 1,550 crore
Drinking water projects worth Rs 1,550 crore for various rural and urban areas in Sundargarh, Keonjhar and Cuttack district approved by the state cabinet as part of its effort to provide piped water supply to all rural households by March 2024.
State Panchayati Raj minister Pratap Jena said drinking water projects worth Rs 1,175 crore were approved for Sundargarh district, which would benefit around 6.40 lakh people in 10 blocks of the tribal-dominated district. The projects will be funded from Odisha Mineral Bearing Area Development Corporation and district mineral foundation funds.
Another drinking water project worth Rs 275 crore has been sanctioned to provide safe drinking water to nearly 2.61 lakh people in four blocks of Cuttack district. The project will be funded under the Centre’s Jal Jeevan Mission.
The cabinet also approved amendment of the Odisha Government Land Settlement Act, 1962 to simplify and settle various types of lands like ‘Khasmahal’, ‘Nazul’, ‘Gramakantha Parambok’ and ‘Abadi’ in favour of persons under occupation.
As per the amendment, any person in occupation of such types of land shall apply within a period specified by the government from time to time failing which he/she shall be evicted from the land and government will take over it.
INTERNATIONAL
India-UK Financial Markets Dialogue
The Financial Market Dialogue between India and the United Kingdom was conducted virtually.
Highlights:
The dialogue was established at the 10th Economic and Financial Dialogue in October 2020 to strengthen the bilateral financial relationship between the United Kingdom and India.
The discussion revolved around four main topics:
♦ GIFT City (Gujarat International Finance Tec-City), India’s premier international financial centre
♦ Banking and payment systems
♦ Insurance
♦ Capital markets
NATIONAL
India Industrial Land Bank – IILB
The Industrial Land Bank of India is a GIS-based portal that contains all information related to industrial infrastructure, such as connectivity, infrastructure, natural resources and topography, plot-level information about open spaces, activity lines, and contact information.
♦ It serves as a one-stop shop for all industrial infrastructure-related data.
♦ It acts as a decision-support system for investors scouting land remotely.
♦ It is currently integrated with industry-based GIS systems from 17 states, allowing details on the portal to be updated in real time.
♦ The IILB has planned about 4,000 industrial parks on 550,000 hectares of land and is expected to achieve pan-Indian integration by December 2021.
♦ It is administered by the Department of Industry and Internal Trade (DPIIT).
Agriculture Infrastructure Fund – Central Sector Scheme
Union Cabinet has approved changes to the Central Sector Scheme of financing facility under the ‘Agriculture Infrastructure Fund’.
Highlights:
♦ State Agencies/APMCs, National and State Federations of Cooperatives, Federations of Farmers Producers Organizations (FPOs), and Federations of Self-Help Groups are now eligible (SHGs).
♦ Currently, the scheme allows for interest subventions on loans of up to Rs. 2 crore in a single location.
♦ If an eligible entity other than a private sector entity (i.e., state agencies, national and state federations of cooperatives, federations of FPOs, and federations of SHGs) establishes projects in multiple locations, all such projects will now be eligible for interest subsidies of up to Rs. 2 crore.
♦ However, a private sector entity will be limited to a maximum of 25 such projects.
♦ For APMCs, an interest subvention of up to Rs. 2 crore will be provided for each project of different infrastructure types, such as cold storage, sorting, grading, and assaying units, silos, and so on, within the same market yard.
INS Tabar Exercises was Held
The INS Tabar exercise was held with the Italian Navy near Naples, Italy, as part of a continuous deployment to the Mediterranean
Highlights:
♦ The exercise covered a broad range of naval operations, such as air defence procedures and communication drills.
♦ The exercise benefited both parties by improving interoperability and consolidating combined operations against maritime threats.
Major Indian Maritime Exercises:
♦ SLINEX – Sri Lanka
♦ Bongosagar and IN-BN CORPAT – Bangladesh
♦ JIMEX – Japan
♦ Naseem-Al-Bahr – Oman
♦ Indra – Russia
♦ Za’ir-Al-Bahr – Qatar
♦ Samudra Shakti – Indonesia
♦ Indo-Thai CORPAT – Thailand
♦ IMCOR – Malaysia
♦ SIMBEX – Singapore
♦ AUSINDEX – Australia
♦ Malabar Exercise – Japan, and the USA