Union Government Revises Target To Complete PMGSY From Year 2022 To 2019

The Union Rural Development Ministry said the government has advanced its target year for completion of phase one of PMGSY, a rural road scheme, to 2019 from 2022. Roads are primary to any development agenda. The Pradhan Mantri Gram Sadak Yojana, since its inception in 2000, has been able to provide connectivity to 1.52 lakh habitations. The importance and urgency of rural roads for national development the target date for completion of PMGSY-I have been preponed from 2022 to 2019. To meet this accelerated target, the government has, so far, sanctioned the order for construction of roads to connect...

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India signed Loan Agreement With World Bank For USD 48 Million For Meghalaya

A Loan Agreement for IBRD loan of USD 48 million for the Meghalaya Community – Led Landscapes Management Project was signed with the World Bank. The main Objective of the Project is to strengthen community-led landscapes management in selected landscapes in the State of Meghalaya. The Project consists of three components: (i) Strengthening Knowledge and Capacity for Natural Resource Management. (ii)Community-led landscape planning and implementation. (iii) Project Management and...

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Kotak Mahindra Bank Pips SBI To Become Indias 2nd Most Valuable Bank

Shares of private lender Kotak Mahindra Bank Ltd beat India’s largest lender State Bank of India (SBI) for the first time to become the second most valued bank in the country. Data from BSE showed that Kotak Mahindra Bank has a market capitalization of Rs 2,22970.40 crore after its shares closed 1.88 percent to record high of Rs 1170.05. Kotak Mahindra Bank shares climbed 2.22 percent to an all-time high of Rs1,174 apiece. So far this year it gained 16 percent. SBI market capitalization stood at Rs 2,22,043.74 crore. Its shares were trading at Rs248.80 on BSE, down 1...

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Indian Swimmer Double Crosses Bangla Channel Sets World Record

17-year-old swimmer Sampanna Ramesh Shelar has set a world record to double cross the Bangla Channel. Shelar is the first person to swim to and fro from Saint Martin’s Island Jetty to Teknaf in Bangladesh also known as the Bangla Channel. An ambitious Shelar has now planned to participate in the upcoming swimming competition. He started swimming at about 5 a.m. and completed the journey of 32.2 kilometers in 9 hours and 10 minutes. It is my first international solo ocean event. I shall give the entire credit to my coach Jitendra Khasnin. Two main problems that I faced...

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Government launches Gram Swaraj Abhiyan

The Central Government is looking to launch seven schemes for 17,000 poor villages, under which free LPG connections, electricity supply, Jan Dhan accounts, two PM Insurance schemes and the immunization of children will be available in 21 days. This plan will be implemented in 484 districts in 33 States and Union Territories. The maximum number of these villages are in Uttar Pradesh, Assam, Tamil Nadu, Punjab, and Meghalaya. The objective of the scheme is to ensure total coverage, which is an ambitious goal for the government. Pradhan Mantri Ujjwala Yojana, Saubhagya, Ujala scheme, Pradhan Mantri Jan Dhan Yojana, Pradhan Mantri...

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India to set up natural gas trading hub

The government plans to launch a natural gas trading hub by October, creating an Indian gas benchmark which will spark a surge in consumption of the cleaner-burning fuel. Oil regulator PNGRB has sought bids to hire a consultant to help develop a regulatory framework for operationalizing the gas trading/exchange hub. Government is considering the establishment of a Gas Trading Hub / Exchange, where natural gas can be traded, and supplied through a market-based mechanism. The government fixes the price of the bulk of domestically produced natural gas. The rate arrived at using price prevalent in gas-surplus nations of US, Canada,...

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China develops 3D conic device to increase solar-thermal conversion

Chinese scientists have developed a new device of 3D hollow-cone structure that can greatly increase the solar-thermal conversion efficiency. The device, named ‘Artificial Transpiration’ by Zhu Jia and his team from the Nanjing University, is inspired by the transpiration process of trees. It has a special 1D water path within it, which can reduce the energy loss in conduction. The cone structure, based on a graphene film, can collect more sunlight throughout the day when compared with a flat device, as about 10 percent to 50 percent of sunlight is diffusive. Thus it performs even better in the real world...

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Commonwealth Heads Of Government Meeting Begins In London

The Commonwealth Heads of Government Meeting (CHOGM 2018) begun in London, the UK. Prime Minister Narendra Modi will take part in the event on 19th and 20th of April. The theme of the summit is ‘Towards a Common Future’. The biennial event has brought together delegates from 53 Commonwealth nations. The summit will focus on addressing common challenges across the Commonwealth for a more prosperous, secure and sustainable...

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Himachal Pradesh celebrated 71st Foundation Day

Himachal Pradesh celebrated its 71st foundation day with much fanfare and gaiety. Several cultural events were organized across the state. It may be recalled that the hill state came into existence after the merger of 30 odd princely states in 1948. The main event was held at Ridge Maidan in Shimla, where Chief Minister Jairam Thakur reviewed the ceremonial Parade presented by police, home guards and NCC...

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Union Government Raises NABARD’s Authorised Capital To Rs 300 Billion

As part of the drive to double the income of farmers by 2022, the government has raised the authorized capital of NABARD by six times from 50 billion to Rs 300 billion to help it increase its lending to the rural economy. A bill in this regard was approved by Parliament earlier this year. The increase in authorized capital will enable Nabard to respond to commitments it has undertaken particularly in respect of the Long Term Irrigation Fund and on-lending to cooperative...

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