1. SHALE OIL
Cairn Oil & Gas has announced that it is partnering US-based Halliburton to start shale exploration in the Lower Barmer Hill formation, Western Rajasthan.
About:
- The company is also looking to increase the recoverable reserves at its offshore assets by 10 times via enhanced use of technology, in partnership with Halliburton.
- The key difference between shale oil and conventional crude is that the former, also called ‘tight oil’, is found in smaller batches, and deeper than conventional crude deposits. Its extraction requires creation of fractures in oil and gas rich shale to release hydrocarbons through a process called hydraulic fracking.
- Russia and the US are among the largest shale oil producers in the world, with a surge in shale oil production in the US having played a key role in turning the country from an importer of crude to a net exporter in 2019.
- Currently, there is no large-scale commercial production of shale oil and gas in India.
- State-owned ONGC had, in 2013, started exploration and, by the end of FY21, assessed shale oil and gas potential in 25 nomination blocks, but has reduced investments over the past few years after only getting limited success in shale exploration efforts.
Source : Indian Express
2. RERA
Last week, the Supreme Court affirmed that the provisions of the Real Estate (Regulation and Development) Act, 2016 (RERA) are applicable to projects that were ongoing and for whom completion certificates were not obtained at the time of the enactment of the law, in effect interpreting that the law is retroactive.
About:
- The court also held that the amount invested by the allottees, along with interest as quantified by the regulatory authority or the adjudicating officer, can be recovered as arrears of land revenue from the builders.
- Aimed at protecting homebuyers, the ruling brings a major relief for the buyers, speeds up the resolution process, and makes it difficult for state governments to dilute the intent of the law.
- The judgment came on a batch of civil appeals filed against the dismissal of writ petitions (by promoters/real estate developers) by the Allahabad High Court.
Important Info :
Why did RERA come in?
- Regulation of the real estate sector was under discussion since 2013, and the RERA Act eventually came into being in 2016.
- Data show that more than 77% of the total assets of an average Indian household are held in real estate, and it’s the single largest investment of an individual in his lifetime.
Source : Indian Express
3. HANDLOOM VILLAGE AT MOIRANG
The Union Minister of Textiles Piyush Goyal announced that the Ministry of Textiles has decided to set up a Handloom Village at Moirang of Manipur.
About:
- The city- Moirang of Manipur is a very important place in the history of India's freedom movement. The Netaji Subhas Chandra led INA hoisted the tricolour flag at Moirang in its Imphal Campaign during the second World War.
- An INA Museum is there at Moirang and tourists across the globe visit the Museum. To showcase the rich handloom products of Manipur and attract the tourists, the ministry decided to set up the Handloom Village there and work on it will be started very soon.
Source : All India Radio
4. WHY MUMBAI’S COLABA, MAZAGAON HAVE ‘VERY POOR’ AIR QUALITY?
Over the past three days, Colaba and Mazagaon in South Mumbai have emerged as the most polluted localities in the city, with the air quality index (AQI) exceeding 330 — indicating “very poor” air — as per data from the System of Air Quality and Weather Forecasting And Research (SAFAR). SAFAR has a network of 10 monitoring locations across Mumbai.
Sea Salt a reason
- During the onset of winter, in areas close to the sea such as Colaba, the temperature is always 1 to 2 degree lower than in other areas of the city.
- But the low pressure in the Arabian Sea is causing the temperature to increase slightly, to the point where the air is becoming just humid enough to hold more particulate matter in place.
- The sea salt in water vapour tends to react with other pollutants like PM 2.5, and sulphur oxides from vehicles that are already present in the air, to create secondary pollutants.
- When wind speeds are slow, these secondary pollutants add to the pollution load.
No breeze
- The sea breeze over Mumbai usually keeps the air clean. But wind speed has been low or stagnant for three days. Thus, emissions from road and metro construction activities and vehicular movement are getting trapped in the air, raising the AQI.
Urban Canyon Effect
- Levels of traffic-related air pollution can be substantially elevated along a road surrounded by tall buildings. This is called the Urban Canyon Effect. The canyon effect occurs when tall buildings flank both sides of city streets, restricting air movement. Eventually, this increases the concentration of pollutants in the ambient air.
Source: Indian Express
5. GANGA EXPRESSWAY
The Ganga Expressway, an ambitious project of Uttar Pradesh government, connecting Meerut to Prayagraj district has got environmental clearance.
About:
- Projects covered under the Ministry of Environment, Forest and Climate Change Notification of 2006 need to get environmental clearance before work under the project can be started.
- The clearance has paved the way for the construction of what is being touted as the longest expressway in the country, whose more than 90 Percent land acquisition work is complete. The tendering process for the 594-km Ganga Expressway project has already started.
- The estimated cost of the project is 36,230 crore rupees. The expressway will start at Bijauli in Meerut district from the Meerut-Bulandshahr highway and conclude at the Prayagraj bypass near the Joodapur Dandu village in Prayagraj district.
Source : All India Radio
6. EXPERIENTIAL LEARNING FOR 21ST CENTURY PROGRAMME
Ministry of Tribal Affairs and Central Board of Secondary Education, CBSE jointly launched an online certificate course on Experiential Learning for the 21st Century for Eklavya Model Residential School and CBSE teachers.
About:
- The certificate course is for capacity building of educators to achieve the aims of National Education Policy,
- The Experiential Learning for 21st Century Programme has been conceptualized as an online certificate course for educators - teachers, school heads and principals to help them adapt classroom learning to real life experiences.
- The program will be offered free of cost to all the selected teachers and principals from 20th November onwards.
- Select teachers will be recognized as “Teacher Leaders” by the Ministry of Tribal Affairs and will espouse the Experiential Learning Pedagogy to the Eklavya Model Residential School teaching fraternity in a phased manner.
Source : All India Radio
7. HINDUSTAN ZINC LTD (HZL)
The Supreme Court gave the go-ahead to the Centre to disinvest its 29.54 per cent residual shares in Hindustan Zinc Ltd (HZL).
About:
- The top court also directed a CBI probe into alleged irregularities in the process of disinvestment of 26 per cent of government shares in the company in 2002.
- Hindustan Zinc Limited (HZL) is an Indian integrated mining and resources producer of zinc, lead, silver and cadmium.
- It is a subsidiary of Vedanta Limited.[3] Earlier it was a Central Public Sector Undertaking, sold by Government of India to Vedanta Limited when Atal Bihari Vajpayee and Bharatiya Janta Party Government was in power in the year 2003.
Important Info :
What is the history of HZL?
- The Metal Corporation of India Limited was incorporated in 1944 as a public limited company under the Companies Act 1913.
- Hindustan Zinc Limited was incorporated from the erstwhile Metal Corporation of India on 10 January 1966 as a Public Sector Undertaking.
- On August 2, 1976, the President promulgated the Metal Corporation (Nationalisation and Miscellaneous Provisions) Ordinance. This ordinance was replaced by The Metal Corporation (Nationalisation and Miscellaneous Provisions) Act, 1976.
Source: Indian Express
8. EMPLOYEES' PROVIDENT FUND ORGANIZATION, EPFO
The Central Board of Trustees (CBT) which is the apex decision-making body of Employees' Provident Fund Organization, EPFO has approved constitution of four sub-committees comprising members of the Board from employees, employers’ side as well as from representatives of the Government side on different matters.
About:
- Two committees on Establishment related matters and futuristic implementation of Social Security Code will be headed by the Minister of State Labour and Employment Rameswar Teli.
- The remaining two committees on Digital capacity building and Pension related issues will be headed by Labour and Employment Secretary Sunil Barthwal.
- The decision to this effect was taken at the 229th meeting of the Central Board of Trustees which was held in New Delhi under the chairmanship of Union Minister for Labour and Employment Bhupender Yadav.
- Besides, the Board decided to empower the Finance Investment and Audit Committee to decide upon the investment options, on case-to-case basis, for investment in all such asset classes which are included in the Pattern of Investment.
- The minister also released a booklet titled ‘Nirbadh: seamless service delivery.’ This booklet is a compilation of initiatives taken and strategies adopted by EPFO towards successful digital transformation from ‘EPFO to e-EPFO’ over the last three years.
Source : All India Radio
9. NEIAFMR
The Union Minister of AYUSH, Sarbananda Sonowal, announced a slew of major initiatives for promotion of AYUSH in Arunachal Pradesh at Pasighat.
About:
- Speaking at the North Eastern Institute of Ayurveda and Folk Medicine Research (NEIAFMR) at Pasighat, the minister announced an investment of Rs 53.72 crores to develop new infrastructure within the campus.
- A new Ayurveda College with a student intake of 30 as well as a 60 bed Ayurveda hospital will be set up inside the NEIAFMR campus at Pasighat bringing a direct employment of 86 posts in addition to the existing capacity.
Source: All India Radio
10. LABORATORY FOR FOOD GRAIN SAMPLES
Food Corporation of India (FCI) under Department of Food and Public Distribution (DFPD) has developed India's first state-of-art laboratory for in house testing of food grain samples in Gurugram.
About:
- Now food grains to be issued from FCI depots under various welfare schemes of the Government of India will be checked in-house for pesticide residues, Mycotoxin, Uric acid and fortification level of vitamins to ensure the food grain safety and nutritional security of the consumers.
- The laboratory has been set up under the able guidance of the Central Food Technological Research Institute, Mysuru in Karnataka.
Key facts
- The Food Corporation of India (FCI) is a statutory corporation created and run by the Government of India. It is under the jurisdiction of Ministry of Consumer Affairs, Food and Public Distribution, Government of India formed by the enactment of Food Corporation Act, 1964[2] by the Parliament of India
- It was set up in 1965 with its initial headquarters at Chennai. Later this was moved to New Delhi.
Source : PIB