States Current Affairs – 2018

Current Affairs 2017, 2016 of all States with latest updates. Current Affairs will list latest developments, issues in all states

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Lucknow’s Ekana cricket stadium renamed after Atal Bihari Vajpayee

Uttar Pradesh Government has decided to rename newly-built Ekana International Stadium in capital city Lucknow after former Prime Minister Atal Bihari Vajpayee. The stadium with a seating capacity of around 50,000 will now be known as ‘Bharat Ratna Atal Bihari Vajpayee International Cricket Stadium’.

Key Facts

The stadium was renamed just ahead of first-ever international cricket match – T20 International between India and West Indies. For renaming stadium, UP Government through Lucknow Development Authority (LDA) used powers vested as per clause 17.5.1 of agreement signed between Ekana Sports City Private Ltd; GC Constructions; Development Industries Pvt Ltd and LDA. The clause 17.5.1 of agreement says that stadium will be named once project is completed. Its name was changed in memory of Atal Bihari Vajpayee, who passed away in August 2018. The former prime minister was Member of Parliament from Lucknow for five consecutive times between 1991 and 2009.

Note: Yogi Adityanath Government in UP earlier this year also renamed Allahabad as Prayagraj and Mughalsarai as Pt. Deen Dayal Upadhyaya nagar.

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Odisha Government launches Aerospace and Defence Manufacturing Policy 2018

Odisha Government launched Aerospace and Defence Manufacturing Policy 2018. The policy is aimed to carry forward process of industrialization through promotion of aerospace and defence manufacturing enterprises, generate employment opportunities and promote value addition.

Key Features of Polity

It proposes to extend subsidy upto 50% of cost of land, building, plant and machinery to special purpose vehicle (SPV) for setting up first state-of-the-art Aerospace and Defence Park in the state. This is to attract investment in aerospace and defence manufacturing in the State, the policy

It sets ceiling of Rs. 50 crore for Common Facility Centre, Rs. 30 crore for Technology Innovation Centre and Rs. 25 crore for Testing Centre to be established with private participation. It also provides capital grants of 50% of infrastructure cost limited to Rs. 10 crore for subsequent aerospace and defence parks.

It also extends capital subsidy of Rs. 100 crore for first three OEMs (original equipment manufacturer) for setting up manufacturing facilities in the state with investment of at least Rs. 1000 crore and generating 1000 domiciled employment.

In addition, it allows interest subsidy allowed up to a limit of Rs. 10 Crore per annum and Rs. 5 crore per annum for first three OEMs setting up manufacturing units in the state based on investment in plant and machinery for amount of more than Rs. 500 Crore and between Rs. 100 crore to Rs.500 crore, respectively.

This provision is designed to attract key players to set up units in the state. This will provide impetus for further development of ancillary and downstream units in the state. Enterprises will come up in industrially backward districts namely Kandhamal, Gajapati and Mayurbhanj along with KBK districts will be extended additional incentives.

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