Matix Fertilisers and Chemicals Ltd (Matix) awarded ‘Best Production Performance of an Operating Fertilizer Unit for Nitrogen (Ammonia and Urea)’ 2023 -2024 awarded by.
2. Collateral-free agriculture loans limit upped from ₹1.6 lakh to ₹2 lakh
Context: RBI Increases Collateral-Free Agriculture Loan Limit Highlights:• RBI increases the limit of agriculture loans that are collateral-free to the borrower from ₹1.6 lakh to ₹2 lakh.• The decision had been taken due to rising inflation and agricultural input prices.• The limit was available at ₹1 lakh during 2010 and ₹1.6 lakh in 2019.• The move seeks to enhance coverage for small and marginal farmers under formal credit.The KCC loans exceeding ₹1.6 lakh but upto ₹3 lakh can be issued against collateral free if a Tri-Partite Agreement is in place. Source: Business Line
1. Indian government encouraging fruits, vegetables, maize to reduce stubble burning
A High-Value Crop Initiatives Indian Govt.
4. RBI raises interest rate ceiling on FCNR(B) deposits to attract capital flows
RBI Raises Interest Rate Cap on FCNR Accounts (Banks)/FCNR(B) Deposits for Foreign Currency Non-residents.
3. RBI to deploy AI for hunting down mule accounts
Context: Central bank of India has developed an AI/ML based open-source tool known as MuleHunter.AI to trace killer accounts used in financial frauds. Key Highlights: Successful Pilot: The two state-run banks that piloted it succeeded in more collaboration within the Reserve Bank Innovation Hub (RBIH) for the development of the tool. Ongoing RBI Efforts Against Digital Frauds: RBI has launched numerous initiatives such as strengthening cyber security, issuance of fraud prevention guidelines, and transaction monitoring among many others to tackle digital fraud in the financial sector. Mule Accounts and Financial Frauds: In the financial fraud world, mule accounts serve as a transfer point for fraudsters, who use it to channel illegal transactions. The RBI is working on a hackathon on Zero Financial Frauds specifically around mule accounts. Increasing Mule Account Activity: The mule account activity in India is on the rise. Cities such as Bhubaneswar, Lucknow, and Navi Mumbai are the top three with the highest numbers. Encouraging Innovation: The hackathon is also an initiative by RBI to encourage development efforts of such innovative solutions fighting against mule accounts and frauds. Industry Support: The CEO of KiyaAi, Rajesh Mirjankar, termed MuleHunter.AI as an “AI-driven initiative,” which is very significant for the “detection and prevention of fraud,” specifically mule accounts fraud. Collaborative Approach:
8. Ashtalakshmi Mahotsav 2024
Context: Ashtalakshmi Mahotsav 2024: The Celebration of Culture and Economies of Northeast India Culture-History of Northeast India Mascot of Mahotsav: Purvi The Event Highlights: More than 250 artisans with their unique handicrafts, handlooms, agri-horti products which include 34 GI tagged products. Technical sessions shall cover the areas of development such as women’s leadership, IT, energy, healthcare, etc. In the Investors Roundtable, discussion possibilities are going to be with respect to the sectors handicrafts, agriculture, and tourism. The Design Conclave and Fashion Show will integrate traditional and modern fashion. Ashtalakshmi Grameen Haat will recreate a traditional market atmosphere. Investment Opportunities in Northeast India
7. National Library Mission
National Mission on Libraries Scheme of Ministry of Culture
6. Shri Pralhad Joshi has launched ‘Anna Chakra’
Context: Shri Pralhad Joshi has launched ‘Anna Chakra’, a tool for optimizing the Public Distribution System supply chain and a portal for Subsidy Claim Application for NFSA. Launch of ‘Anna Chakra’ and SCAN Portal The Union Minister of Consumer Affairs, Food and Public Distribution and New & Renewable Energy, Shri Pralhad Joshi, recently unveils two major public initiatives for reforming the PDS-and-subsidy claim systems: The highlights of these initiatives are: ‘Anna Chakra’ – PDS Supply Chain Optimization: Benefits of ‘Anna Chakra’: Route Optimization Results: Major Integrations in ‘Anna Chakra’:
4. CHANDRAYAAN
Missions and Accomplishments of ISRO Chandrayaan Upcoming Chandrayaan Missions: Cost Effectiveness Goals: Indian Space Policy 2023: Major Landmarks Achieved by ISRO: Main Accomplishments:
2. India, Pak Join Hands at WTO Against Attempt For Facilitator-led Farm Talks
Worries expressed by India, Sri Lanka, and Pakistan vis-a-vis the Agriculture Negotiations under the Facilitation
