RAJASTHAN
- Flower business blooms in Rajasthan despite low production
- Palaces and the rich heritage of Rajasthan, has made the state a hub for destination weddings and parties. This has led to a boom in the flower business in the state, even after a low production. There is a huge demand for flowers in the state and Jaipur, a business hub for the flowers, have a consumption of about 50,000 kg flowers every day.
- The climatic conditions in the state are not suitable for flowers and except two varieties, all flowers are being imported from other states. As per the data provided by the Horticulture Department of Rajasthan, in the year 2017- 18, only 3,596 hectare land is cultivating flowers in Rajasthan.
- There is not even a separate floriculture department in Rajasthan and it is administered by the horticulture department.
INTERNATIONAL
- India and Japan signs a Loan Agreement worth Rs. 1817 crore
- A Loan Agreement worth of Rs. 1817 crore approximately was signed between India and Japan for the construction of Turga Pumped Storage (I).
- The objective of the Project is to strengthen the capability to respond to fluctuation in supply and demand of power and to improve stability of the power supply.
- India and Japan have had a long and fruitful history of bilateral development cooperation since 1958.In the last few years, the economic cooperation between India and Japan has steadily progressed.
- This further consolidates and strengthens the Strategic and Global Partnership between India and Japan.
· India-Japan first joint military exercise ‘Dharma Guardian-2018’ began in Mizoram
- The first of its kind, the 14 days long joint exercise is being conducted from 01 Nov 2018 to 14 Nov 2018.
- The Japanese contingent is being represented by 32nd Infantry Battalion while the Indian side is being represented by Gorkha Rifles.
- Doha to host World Corporate Games
- Qatar will host the 23rd edition of the World Corporate Games next year, which will provide an opportunity for corporations around the world to showcase their competitive prowess through sports.
- This is the first time the World Corporate Games will be held in the Middle East.
- The sporting event takes place every one to two years.
- The World Corportate Games, established nearly 30 years ago, aims to bring together, the local, regional and international business sporting community.
· Little India Gate inaugurated in Indonesia’s Medan city
- Little India Gate’, the first-of-its-kind structure in Indonesia recognises the contribution of Indian community in the development of Medan city.
- Kampung Madras area is one of the city’s significant ethnic enclaves comprising a large population of people of Indian descent whose ancestors had settled down in Medan in mid-nineteenth century.
NATIONAL
· PM Modi launched portal for granting loans of up to Rs 1 crore in 59 minutes
- GST-registered Micro, Small and Medium Enterprises (MSMEs) can now avail of loan of up to Rs 1 crorein just 59 minutes.
- Over 72,000MSMEs have been sanctioned loans worth over ₹23,500 crore through the portal till date.
- Further, the mandatory sourcing limitby 512">
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