Dear SH Aspirants,
INDIAN AFFAIRS
Centre releases Rs 734.7 crore for 26
irrigation projects
Last week, Union Water Resources Ministry released central
assistance amounting to Rs 734.7 crore for 26 irrigation projects.
Funds for Irrigation Projects:
i. Out of the total amount Rs. 734.7 crore, Rs
246.9 crore is for nine prioritised projects under the Pradhan Mantri Krishi
Sinchayee Yojana (PMKSY) for Accelerated Irrigation Benefits
Programme (AIBP) works.
ii. Remaining Rs 487.80 crore is to be utilised
for Command Area Development (CAD) works for 17 projects.
iii. It is to be noted that during financial year
2017-18, central assistance amounting to Rs 1152.52 crore has been released for
26 priority projects under the AIBP so far. Besides, Rs. 3318.85 crore has been
released as state share from National Bank for Agriculture and Rural
Development (NABARD) for 24 priority projects under the AIBP.
India’s
richest 1% corner 73% of wealth generation: Survey
As per the survey and the accompanying report (titled ‘Reward Work, Not
Wealth’) released by the international rights group Oxfam, richest 1
per cent in India amassed 73 per cent of the wealth generated in the country
last year.
Highlights of Survey by Oxfam:
i. Wealth of 67 crore Indians (about 50% of the
population) rose by just 1 per cent during last year.
ii. As per the report, wealth of India’s
richest 1 per cent increased by overRs. 20.9 lakh crore during 2017,
which is equivalent to Indian Government’s budgetary allocation for 2017–18.
iii. On global level, richest 1 per cent managed to corner 82 per cent
of the wealth generated last year while wealth of 3.7 billion
comprising poorest half of world population did not increase at all.
iv. Findings of this survey have revealed rising income
inequality, not only in India but across the world.
Japan
sanctioned 45 billion yen loan Assistance to India for Bengaluru Water Supply
and Sewerage Project (Phase 3) (I)
Government of Japan has committed JICA (Japan International Cooperation Agency)
Official Development Assistance loan for Yen 45 billion for Bengaluru Water
Supply and Sewerage Project (Phase 3) (I).
Japan – 45 billion yen loan to Bengaluru:
i. On 24th January 2018, documents
regarding this was exchanged between Mr. S. Selvakumar, Joint
Secretary, Department of Economic Affairs, Ministry of Finance, India and H.E.
Mr. Kenji Hiramatsu, Ambassador of Japan to India.
ii. Bruhat Bengaluru Mahanagar Palike (BBMP) area, mainly
110 villages, will be covered by this project.
iii. People of this area will be provided with safe water
supply and sewerage services. Water treatment plants and sewage treatment
plants will be set up for this purpose.
About JICA (Japan International Cooperation Agency):
♦ Headquarters – Chiyoda, Tokyo, Japan
♦ President – Shinichi Kitaoka
♦ Purpose – Official development assistance
