Telangana industries minister seeks Rs 14,000 crore for key projects
Ahead of the Union Budget, which is to be presented on February 1, Telangana industries minister KT Rama Rao has written nearly half a dozen letters to Union finance minister Nirmala Sitharaman seeking budgetary support of over 14,000 crore for key industrial projects set to come up in Telangana.
These include the projects like Hyderabad-Bengaluru, Hyderabad-Vijayawada, Hyderabad-Warangal and Hyderabad-Nagpur industrial corridors as well as the Hyderabad Pharma City project that has bagged the National Investment and Manufacturing Zone (NIMZ) status.
KTR has urged the FM to sanction additional nodes at Mancherial (3,000 acres) under the Hyderabad-Nagpur corridor, Huzurabad as part of the Hyderabad-Vijayawada corridor and Jadcherla-Gadwal-Kothaguda node under the Hyderabad-Bengaluru corridor.
He has sought provision of 5,000 crore for these three nodes in the budget estimates for 2022-23, including 2,000 crore for Mancherial and 1,500 crore each for Huzurabad and Jadcherla-Gadwal-Kothaguda nodes.
Five-Alarm Global Fire
According to the United Nations, the globe will confront five big threats in 2022. Five–alarm global fire is the name given to these dangers.
COVID-19, lawlessness in cyberspace, climate change, a bankrupt global financial system, and degraded peace and security are the five alarms.
The pandemic, as per the United Nations, benefits the wealthy while punishing the poor. The international financial system is insolvent.
In fact, a strong and stable financial system should be able to help countries cope with financial shocks.
Regrettably, this is not the case right now. Investments are being made that are lopsided. As a result, the recovery is lopsided. The term “lopsided” refers to the fact that one side is larger than the other.
Debt relief is denied to middle-income countries. Poorer countries are experiencing the slowest or no growth at all.
India: First UNDP Youth Climate Champion
Prajakta Koli, a content creator, and artist has been named India’s first UNDP Youth Climate Champion.
She was awarded the honor as a result of her collaboration with the UNDP.
Her title was bestowed to her in recognition of her contributions to mental health, female child education, and women’s rights through different international social movements.
India-Denmark R&D – Green Fuels
At a recent virtual meeting, India and Denmark agreed to begin cooperation research and development on green fuels, including green hydrogen.
At a virtual meeting in January, the agreement was signed as part of the previously established “Green Strategic Partnership – Action Plan 2020-2025.”
Aside from the agreement, the India-Denmark Joint Committee examined national strategic priorities and advancements in both countries’ Science, Technology, and Innovation (STI).
Green investment plans in green research, technology, and innovation received special attention.
Chinese bridge at Pangong Tso
Amid the ongoing standoff between India and China in eastern Ladakh, China is building another bridge on the Pangong Tso. Construction of new bridge was spotted in satellite images.
China is building the bridge near to friction points on north bank of Pangong Tso and Chushul sub-sector on south bank. The bridge is around 400 m long and 8 m wide.
This bridge is being constructed at around 20 km east of Finger 8 on the north bank.
In India’s perception, the Line of Actual Control lies at Finger 8.
Site of the bridge is within India’s claim line. However, this area has been under Chinese control since 1958.
Pangong Tso is a 135-km-long landlocked lake. Around two-thirds part of the lake are under Chinese control. This bridge is near the halfway mark.
Star Rating System Of Environment Ministry
The “Star Rating System” was just created by the Ministry of Environment, Forestry, and Climate Change. The mechanism clears the surroundings in a short amount of time.
With this new method, the Environment Ministry will rate and incentivize the states.
The ministry will identify states that efficiently provide environmental clearances in a short period of time. It will then provide incentives for such states.
The star rating system assigns states points on a scale of one to seven for this. For completing a project in less than 80 days, the states gain two points.
One point for clearing in less than 105 days. If you clear more than this amount of time, you’ll get a zero.
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