Current Affairs – January, 2018

Latest Current Affairs January, 2018 with Current Affairs, news summary on current events of National and International importance of January, 2018 for Banking, SSC, CLAT, UPSC, State PCS, IBPS, Railways and other Competitive Examinations.

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Maharashtra approves Nanaji Deshmukh Krishi Sanjivani Yojna to promote climate-resilient agriculture

Maharashtra Government has approved Nanaji Deshmukh Krishi Sanjivani Yojna, a Rs.4,000-crore project aimed at promoting climate-resilient agriculture. It will be roll out in 2018-19 and continue till 2023-24.

The Scheme has been named after social activist Nanaji Deshmukh who has worked in fields of education, health, and rural self-reliance, and has been honoured with Padma Vibhushan.

Nanaji Deshmukh Krishi Sanjivani Yojna

The scheme will be implemented in 5,142 villages across 15 districts. Its objectives are to improve soil quality, develop foodgrain varieties which can sustain climate variations and effect necessary changes in the crop pattern as per the availability of water in a particular region.

Main objectives of scheme

  • Promote very idea of sustainable development in agricultural sector.
  • Eliminate the problems of ground water salinity problems.
  • Improve conditions of the agricultural yields to overcome the climatic changes.
  • Promoting the quality of the soil such that quality of food grains produced can be improved.
  • Cultivate new variety of grains that will more sustainable and adaptable to climatic changes.

The scheme will cover small- and medium- scale farmers, who are more vulnerable to the impact of climate change. The total cost of project is Rs 4,000 crore, 70% of which will be borne by World Bank while state will contribute 30% over six years

The entire project will focus on promoting climate resilient method of agriculture and cultivation that will be monitored within various districts and villages in the state. It also strives at doubling income of state farmers by next few years till 2022 for farmers belonging to medium and small grades to help overcome loses.

Under it, state government will also try and take new measures to help change the pattern of cultivation of the crop depending on the availability of the water. This will help in making the state drought free.

Month: Categories: States Current Affairs - 2018


India to set up $350 million Solar Development Fund for solar projects

India announced setting up of $350 million Solar Development Fund for financing solar projects under the International Solar Alliance (ISA). The fund was announced by Minister of Power and New and Renewable Energy R K Singh at first ever ISA outreach programmes ‘International Solar Alliance Forum’ held in Abu Dhabi’s World Future Energy Summit (WFES) 2018.

World Future Energy Summit (WFES)

WFES is an annual event dedicated to advancing future energy, energy efficiency and clean technologies. It is hosted by Masdar, Abu Dhabi’s renewable energy company and staged at Abu Dhabi National Exhibition Centre.

WFES includes summit, an exhibition, Project Village, Round Table Discussions, Young Future Energy Leaders program, corporate meetings and social events. It attracts world leaders, international policy makers, industry leaders, investors, experts, academia, intellectuals and journalists to discuss practical and sustainable solutions to future energy challenges. It also provides opportunity for those having interest in addressing climate change to come together to share solutions, reach agreements and continue to make progress.

Major announcements made during WFES 2018

India signed LoIs / MoUs of 9 solar related projects which various company and bankers. It will sign over 100 projects by April 2018 under ISA umbrella. YES Bank committed financing solar projects of over $5 Billion. CLP and NTPC Limited announced forging partnership deal with ISA and committed to make voluntary contribution of $1 million each to ISA fund corpus. International Energy Agency (IEA) and Green Climate Fund (GCF) also announced entering into partnership with ISA.

International Solar Alliance (ISA)

ISA was established by the Paris Declaration as an alliance dedicated to promotion of solar energy among its member countries. The ISA Framework Agreement entered into force in December 2017 making ISA formally treaty based International Intergovernmental Organization with headquarters at Gurugram, India. As of now the ISA Framework Agreement has been signed by 48 countries,

Its major objectives include global deployment of over 1,000GW of solar generation capacity and mobilisation of investment of over US $1000 billion into solar energy by 2030. It also aims to bring together countries with rich solar potential to aggregate global demand, thereby reducing prices through bulk purchase, facilitating deployment of existing solar technologies at scale and promoting collaborative solar R&D and capacity building.

Month: Categories: India Current Affairs 2018