Real estate the major driver of Telangana’s gross value added growth since 2014
Telangana’s gross value added (GVA) through service sector grew at a rate of 1.5 to 2 times between 2014-15 and 2020-21 with real estate a major contributor to this growth. Real estate, dwellings and professional services were the main drivers of the services sector, accounting for nearly 35 per cent of its GVA in 2020-21 — the state GVA’s single-largest sub-sector.
The GVA of real estate sector is expected to reach Rs 1.85 lakh crore in 2020-21, up from Rs 96,912 crore in 2014-15. Since then, the value of GVA increased by roughly Rs 15,000 to Rs 20,000 crore year-on-year. “Lockdowns and slowing down of activities had no effect on service sector growth; Hyderabad plays a significant part in this.
The GVA of trade, repair, hotels and restaurants rose by a factor of two between 2014-15 and 2020-21. This, despite the Covid-19 pandemic. The GVA of this sub-sector is also expected to reach Rs 1.36 lakh crore this year.
According to experts, the state’s robust GVA in any area — particularly the services sector — represents a healthy trend. “The state’s GST receipts are indicative of the trend but we should also look at the number of dwellings sold, not only income receipts,” said A Nakula Reddy, director of Andhra Mahila Sabha College for Women and former professor at Osmania University’s department of economics.
Between 2015-16 and 2020-21, Gross State Value Added (GSVA) — which reflects the supply or production side of the economy — grew at an annual average rate of 11.6 per cent in Telangana, compared to national average of 7.8 per cent at current prices. Telangana’s overall GSVA increased by 2.9 per cent in 2020-21 (PE), outpacing India’s GVA growth of 5.9 per cent.
India Ranks Top In Crop Burning Emissions
In the Report Published by Blue Sky, Analytics India has been ranked at the top position in Crop Burning Emissions.
India accounted for 13 per cent of total global emissions in 2015-2020 and a 12.2 per cent towards the cropland fire emissions in 2020 alone.
The Data highlights recent trends in biomass fires, including emissions from crop residue and forest residue fires in India.
Blue Sky Analytics is the Indian Climate tech start-up established by IIT alumni. It is a part of a global confederacy called “Climate TRACE”.
Climate TRACE is a global coalition that works to stimulate climate action by providing near-real-time and independent high-resolution GHG emissions data.
India Russia Signed Mou To Tackle Coal Shortage
India and Russia have signed an MoU to collaborate in the mining and steel sector.
In Moscow, an MoU was signed between Union Minister of Steel Ram Chandra Prasad and Russia’s minister of energy Nikolay Shulginov, focusing on coking.
The deal signing is part of India’s National Steel Policy 2017, under which it aims to reach 300 million tonne steel production by 2030.
First Consignment Of Nano Nitrogen Liquid Fertilizer Reached Sri Lanka
The first consignment of non-harmful Nano Nitrogen liquid fertilizer reached Srilanka from India on 20 October.
India sent 3.1 million litres of high-quality non-harmful Nano Nitrogen liquid fertilizer.
The fertilizer will help in the cultivation of maize and paddy.
Sri Lanka imported the Nano Nitrogen liquid fertilizer after Sri Lankan President Gotabaya Rajapaksa decided to stop chemical fertilizer imports.
Nano Nitrogen Liquid Fertilizer was produced by Indian Farmers Fertiliser Cooperative Limited (IFFCO) to approach imbalanced and excessive use of traditional Urea.
National Police Commemoration Day Is Observed On 21 October
National Police Commemoration Day is celebrated on 21 October in India, remembering the sacrifices of police officers who died in a Chinese firing in 1959.
On 21 October 1959, Chinese troops threw grenades and opened fire at twenty Indian police officers in Ladakh.
Ten brave police personnel died, and seven sustained injuries in that incident.
On 28 November 1959, the dead bodies of the martyred policemen were returned to India by the Chinese troops.
Since then, 21 October has been observed as “Police Commemoration Day”.
Seer Water Supply Scheme Inaugurated In Kashmir
The 250mm Seer Water Supply Scheme was inaugurated by Union Minister Piyush Goyal in Kashmir.
The minister’s two-day visit ended on October 20, 2021, as part of the public outreach programme of the central government.
The Minister launched a tourist hut of Pahalgam Development Authority at the Golf Course Pahalgam.
The Minister also launched the Forest Departments Deodar sapling plantation drive.
This drive will be conducted under the banner of Green JK Drive, and a total of 1 lakh saplings will be planted.
Air Quality Early Warning System Launched
The Decision Support System (DSS) and ‘Air Quality Early Warning System’ (AQEWS) were launched by Dr Jitendra Singh.
Indian Institute of Tropical Meteorology (IITM) has revealed a new ‘Decision Support System’ (DSS) as well as the ‘Air Quality Early Warning System’ (AQEWS).
They were launched for better air-quality management in the Delhi-NCR region.
IITM is an autonomous institute operating under the Ministry of Earth Sciences based in Pune.
IITM has also created a website to deliver quantitative data concerning emissions from Delhi and joining districts to air quality.
It consists of providing information on the contribution of biomass-burning activities in the adjoining states.
Gen-Next Democratic Network
India is set to host young leaders under the new initiative called Gen-Next Democratic Network on 25 November.
The Initiative was planned by Indian Council for Cultural Relations (ICCR) and will happen in November.
This is hosted for 5 to 7 young people under 35, invited from 75 different democratic countries from the ruling, opposition and other key parties.
The event will be inaugurated by Om, Brila, Lok Sabha speakers and will begin on 25 November.
The ICCR is trying to build relations with Gen Next of 75 countries, who will become future leaders of their countries.
TSPSC Notes brings Prelims and Mains programs for TSPSC Prelims and TSPSC Mains Exam preparation. Various Programs initiated by TSPSC Notes are as follows:-
- TSPSC Mains Tests and Notes Program 2022
- TSPSC Group I Prelims Exam 2020- Test Series and Notes Program 2022
- TSPSC Prelims and Mains Tests Series and Notes Program 2022
- TSPSC Detailed Complete Prelims Notes 2022