Uttar Pradesh [UPPSC] Current Affairs - 2020

NABARD launches South East Asia’s first ever Centre for Climate Change in Lucknow

National Bank for Agriculture and Rural Development (NABARD) has launched Centre for Climate Change in Lucknow, Uttar Pradesh. It is first of its kind centre in South East Asia. It aims at accelerating concerted climate action by various stakeholders in government, private, financial and non -government sectors.

Centre for Climate Change

The centre will help NABARD in enhancing its capacity building efforts manifold. It will extend professional support to stakeholders for designing climate related projects and take up collaborative studies and action research projects in the area. It will also support capacity building and project preparation effort in developing countries in the region as also in Africa.

It will address capacity building needs of stakeholders, undertake policy advocacy, promote national and international collaborations by bringing in knowledge, technology and finance for addressing the challenges and opportunities emerging from climate change.

Background

India has experienced impact of climate change on agriculture and rural livelihoods. Government has taken several measures such as promoting micro irrigation, soil health cards, integrated farming models and traditional farming to de-risk farmers from impact of climate change. NABARD has been engaging itself in capacity building of various stakeholders involved in Climate Change actions. It is National Implementation Entity (NIE) for three important climate funds, viz. Green Climate Fund (GCF), Adaptation fund of UNFCCC and National Adaptation fund for Climate Change (NAFCC).

National Bank for Agriculture and Rural Development (NABARD)

NABARD is an apex agricultural development financial institution in India. It has been entrusted with matters concerning policy, planning and operations in the field of credit for agriculture and other economic activities in rural areas in India.

NABARD facilitates credit flow for promotion and development of agriculture, small-scale industries, cottage and village industries, handicrafts and other rural crafts. It supports all other allied economic activities in rural areas, promote integrated and sustainable rural development and secure prosperity of rural areas.

It is active in developing financial inclusion policy. It is member of Alliance for Financial Inclusion. It is headquartered at Mumbai, Maharashtra with regional offices all over India. It was established in 1982 on recommendations of Shivaraman Committee to implement National Bank for Agriculture and Rural Development Act, 1981.

Get these updates on Current Affairs Today Android App

Power Grid signs MoU with UP Power Corp for energy efficiency

Power Grid Corporation of India (POWERGRID) has signed Memorandum of Understanding (MoU) with Uttar Pradesh Power Corporation (UPPCL) for energy efficiency and agricultural demand side management programme. POWERGRID and UPPCL are going to held further discussions to decide terms and conditions for replacement of agriculture pump sets in East and South DISCOMs of Uttar Pradesh. POWERGRID is contemplating investment of about Rs 2,200 to 2,500 crore in these projects, subject to necessary clearances.

Power Grid Corporation of India (POWERGRID)

POWERGRID is Navaratna Central Public Sector Enterprise (CPSE). It is central transmission utility (CTU) of India. It is India’s largest electric power transmission utility, transmitting about 50% of total power generated in India on its transmission network. It is listed company since 2007. It is headquartered in Gurugram, Haryana. Government owns 56.91% of POWERGRID and balance 43.09% is owned by public. It operates 90% of inter-state and inter-regional networks.

Get these updates on Current Affairs Today Android App