1. GDP GROWTH
India’s gross domestic product (GDP) is expected to grow by 9.2% in the current financial year following last fiscal’s 7.3% contraction, the National Statistical Office (NSO) said in its first advance estimates of economic output released, amid concerns over the likely impact of a third wave of the COVID-19 pandemic.
About:
- The NSO, however, made clear that these were “early projections” that did not factor in actual performance of various indicators as well as measures that may be taken to contain the spread of the pandemic.
- GDP at constant prices (2011-12) in the year 2021-22 is estimated at ₹147.54 lakh crore, as against the provisional estimate of GDP for the year 2020-21 of ₹135.13 lakh crore, adding that growth in real GDP is pegged at 9.2%.
- Real GVA at Basic Prices is estimated at ₹135.22 lakh crore in 2021-22, as against ₹124.53 lakh crore in 2020-21, showing a growth of 8.6%.
- The implicit GDP growth of 5.6% for H2 FY2022 built in by the NSO may not fully factor in the admittedly evolving impact of Omicron,” said Aditi Nayar, chief economist at ICRA Ltd.
- Our sense is that after a 6.0-6.5% rise in Q3 FY2022, the GDP expansion is set to slip below 5% in the ongoing quarter.
- The NSO’s GVA estimates show the mining sector outpacing others with growth of 14.3% following last year’s 8.5% contraction, followed by manufacturing which is seen expanding by 12.5% after shrinking 7.2% in the previous 12-month period.
Source: The Hindu
2. BUREAU OF INDIAN STANDARDS (BIS)
Bureau of Indian Standards (BIS) completed 75 glorious years of its existence on 6th January 2022. BIS came into existence as Indian Standards Institution (ISI) in 1947.
About:
- The Bureau of Indian Standards (BIS) is the National Standards Body of India under Department of Consumer affairs, Ministry of Consumer Affairs, Food & Public Distribution, Government of India.
- It is established by the Bureau of Indian Standards Act, 2016 which came into effect on 12 October 2017.
- The Minister in charge of the Ministry or Department having administrative control of the BIS is the ex-officio President of the BIS.
- A new Bureau of Indian standards (BIS) Act 2016 which was notified on 22 March 2016, has been brought into force with effect from 12 October 2017. The Act establishes the Bureau of Indian Standards (BIS) as the National Standards Body of India.
Source: PIB
3. VARANASI AGRI – EXPORT HUB (VAEH)
Working in close collaboration with the Ministry of Commerce & Industry, the Agricultural and Processed Food Products Export Development Authority (APEDA) has taken several initiatives in making landlocked Purvanchal region as a new destination of agri-export activities through development of Varanasi Agri – Export Hub (VAEH).
About:
- APEDA has identified potential districts of Uttar Pradesh to be covered under the VAEH. The Purvanchal division covers districts of Varanasi, Mirzapur, Azamgarh, Prayagraj, Gorakhpur, Basti, Ghazipur, Jaunpur, Chandauli and Sant Ravidas Nagar.
- With the active intervention of APEDA, about 20,000 Metric Tonne (MT) of agri- produce have been exported from Purvanchal region in the last six months.
- Out of these shipments, about 5,000 MT fresh fruits and vegetables and 15,000 MT of cereals have been exported to Vietnam, Gulf nations, Nepal and Bangladesh by all modes of transportation.
- As Varanasi is a territory based in the plains of river Ganges, it has rich nutritional composition of soil with ample amount of fertility which leads to production of good quality agri-produce.
- Varanasi region also has reputed institutions of central and international level such as Indian Institute of Vegetable Research (IIVR), International Rice Research Institute (IRRI), Banaras Hindu University (BHU).
Source: PIB
4. STARTUP INDIA INNOVATION WEEK
The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry is set to organize the Startup India Innovation Week from January 10th to 16th 2022.
About:
- This week-long virtual innovation celebration aims to commemorate the 75th year of India’s independence ‘Azadi Ka Amrit Mahotsav’ and is designed to showcase the spread and depth of entrepreneurship across India.
- Startup India Innovation Week will have sessions ranging from topics such as Enhancing Market Access Opportunities, Discussions with Industry leaders, Best Practices by States, Capacity Building of Enablers, Reverse Pitching by Incubators, Technology Exhibitions, Corporate Connects and more.
- The programme is expected to bring together top policy makers, industry, academia, investors, startups, and all ecosystem enablers from across the globe. Stakeholders from all these segments are requested to register themselves on the portal.
Source: PIB
5. PRASHAD PROJECTS
Union Tourism Minister Shri G. Kishan Reddy virtually inaugurates PRASHAD projects at Govardhan, Mathura, Uttar Pradesh.
About:
- The project for “Development of Govardhan Mathura” under the PRASHAD scheme was approved by the Ministry of Tourism with the cost of INR 39.73 Cr. in January 2019.
- The components viz. ‘Multi Level Car Stand Block, Cloak Room & Toilets, Boundary wall and Surface development at Govardhan Bus Stand’ has been successfully completed with the cost of INR 15.82 Cr.
- The ‘National Mission on Pilgrimage Rejuvenation and Spiritual Heritage Augmentation Drive’ (PRASHAD) is a Central Sector Scheme with complete financial assistance by the Government of India.
- The scheme has been launched under the leadership of Prime Minister by the Ministry of Tourism in the year 2014-15 with the vision of focused infrastructure development to harness pilgrimage and heritage tourism destinations for its direct and multiplier effect upon employment generation and economic development.
- The scheme aims at infrastructure development to envisage world class infrastructural development of the sites with special emphasis on Tourist Facilities including Tourist Facilitation Centres, way-side amenities Parking, Public convenience, Illumination and Sound and Light Shows.
Source : PIB
6. MOLNUPIRAVIR
Barely a week after it was approved for early-stage Covid-19 patients, molnupiravir, an anti-viral drug developed by US companies Merck and Ridgeback, has been kept out of the treatment protocol recommended by the Indian Council of Medical Research (ICMR).
About:
- Dr Balram Bhargava, head of ICMR, said on Tuesday that the drug had “major safety concerns”.
- This has resulted in a awkward situation: The drug is approved for use, but not recommended.
The drug
- Molnupiravir is a repurposed Covid-19 drug, originally developed to treat influenza.
- It is meant for mild or moderately ill Covid-19 patients who are at risk of developing serious illness. The pill, if administered during the first five days after contracting the infection, has the potential to prevent serious illnesses.
- The pill is among the first few therapeutics now being deployed for treatment of Covid-19. Molnupiravir was first cleared for use in the UK in November, and more recently in the US.
- There have been concerns on two counts — low effectiveness, and some potential side-effects.
- Both were taken into account by drug regulating agencies while approving them.
Source: Indian Express
7. NATIONAL TB ELIMINATION PROGRAM (NTEP)
IndianOil has committed to support the National TB elimination Program (NTEP) in India by providing an enabling environment through integrated and prioritised intervention with City Coordination Committees, District Health Societies, Technical support groups, etc., in each of the 75 districts of Uttar Pradesh and 23 districts in Punjab.
About:
- The program’s key objective will be to screen and test the entire population of UP & Punjab every year for the next three years. Once patients are notified, their treatment will continue as per the protocol of the National TB Elimination Program.
- In 2018, Shri Narendra Modi, Hon’ble Prime Minister of India had given a clarion call to End TB in India by 2025, five years ahead of the Sustainable Development Goal (SDG) target of 2030.
- To fulfil the Prime Minister’s vision, Indian Oil Corporation Limited, under the aegis of Ministry of Petroleum & Natural Gas, in collaboration with Ministry of Health & Family Welfare, is joining the “Jan Andolan” of “TB Mukt Bharat”.
- Uttar Pradesh is the state with the largest population in India (accounting for about 20% of the population of India). In 2020, Uttar Pradesh, with a population of over 23.4 crores, had the highest share of tuberculosis notifications in India (over 20%).
- Punjab caters to a large number of migrant labourers from many states and ensuring cascade of care to TB patients among migrants is a challenge.
Source: PIB
8. 3rd NATIONAL WATER AWARDS
Union Minister of Jal Shakti Shri Gajendra Singh Shekhawat announced 3rd National Water Awards-2020. In the Best State category, Uttar Pradesh has been awarded first prize, followed by Rajasthan and Tamil Nadu.
About:
- The first National Water Award was launched by the Jal Shakti Ministry in 2018.
- National Water Awards have provided a good opportunity to start-ups as well as leading organizations to engage and deliberate with senior policymakers on how to adopt the best water resources management practices in India.
- The Department of Water Resources, River Development and Ganga Rejuvenation, Ministry of Jal Shakti is giving 57 awards to States, Organizations, Individuals etc. in 11 different categories.
- These are: Best State, Best District, Best Village Panchayat, Best Urban Local Body, Best Media (Print & Electronic), Best School, Best Institution/RWA/Religious organization for Campus usage, Best Industry, Best NGO, Best Water User Association, and Best Industry for CSR Activity.
Important Info :
Background
- India’s current water requirement is estimated to be around 1,100 billion cubic meters per year, projected to go up to 1,447 billion cubic meters by 2050.
- While India has more than 18% of the world’s population, it has only 4% of world’s renewable water resources.
- It is in this backdrop that the National Water Awards (NWA) were instituted to recognize and encourage exemplary work and efforts made by States, Districts, individuals, organizations, etc across the country in attaining the government’s vision of a ‘Jal Samridh Bharat’.
Source: PIB
9. INDIA’S FIRST MULTI-DIMENSIONAL ADVENTURE SPORTS EXPEDITION
Raksha Mantri Shri Rajnath Singh, on January 07, 2022, flagged-in India’s first multi-dimensional adventure sports expedition conducted by National Institute of Mountaineering and Allied Sports (NIMAS) in France.
About:
- The expedition was conducted in November 2021 and the team was led by Director NIMAS Colonel Sarfaraz Singh, comprising 12 people - eight Army personnel and four youths of Arunachal Pradesh.
- The expedition team carried out over 250 kilometres of winter trekking in the Alps Mountain Ranges, which included Tour De Mont Blanc trek covering the French, Swiss and Italian Alps.
Important Info :
Mont Blanc?
- Mont Blanc (meaning "white mountain") is the highest mountain in the Alps and the European Union, rising 4,807.81 m above sea level.
- It is the second-most prominent mountain in Europe, after Mount Elbrus.
- The mountain stands between the regions of Aosta Valley, Italy, and Savoie and Haute-Savoie, France.
Source: PIB
10. MOBILE HONEY PROCESSING VAN
Chairman KVIC Shri Vinai Kumar Saxena launched the country’s first Mobile Honey Processing Van at Village Sirora in Ghaziabad, UP.
About:
- The Mobile Van has been designed in-house by KVIC at its Multi-disciplinary Training Centre, Panjokehra, at a cost of Rs 15 lakh.
- This mobile honey processing unit can process up to 300 KG of honey in 8 hours.
- The van is also equipped with a testing laboratory, that would instantly examine the quality of honey.
- The Mobile Honey Processing Van comes as a major development under KVIC’s Honey Mission which aims at training beekeepers, distributing Bee Boxes to farmers and helping rural, educated as well as unemployed youth to earn extra income through beekeeping activities.
- In line with Prime Minister’s dream of “Sweet Kranti” (Sweet Revolution) though honey production, the KVIC has come up with this unique innovation to enable beekeepers and farmers to get fair price of their honey produce.
Source: PIB