Goa Affairs
Global Expo India aims to promote exports from Goa
The three-dayGlobal Expo Indiaconference began with with representatives from across the country coming together to discuss ways to promote exports, foreign direct Investment and the potential for manufacturing units in Goa.
The event, which was supposed
to be attended by finance ministerNirmala Sitharaman, also saw the launch of the Goa chapter of the Global Expo. Global Expo India is affiliated with theIndia Trade Promotion Organisation, a unit of the Centre’s commerce department.Global Expo India claims to focus on export development through events and conferences, and the Goa chapter has been started in order to promote exports from Goa.
National and International Affairs
Indias 1st privately built rocket set for suborbital launch with 3 payloads
Indias first privately developed rocket Vikram-S is undergoing final launch preparations atIsros launch pad in Sriharikota and is expected to be launched in a suborbital mission.
The mission is named Prarambh meaning the beginning. The rocket is developed by startupSkyrootAerospace, which has the technical launch clearance from Space regulator IN-SPACe and is looking at a launch window between November 12 and 16.
Skyroots launch vehicles are named Vikram as a tribute to the founder of
the Indian Space programmeVikram Sarabhai.Vikram-S is a single-stage sub-orbital launch vehicle which would carry three customer payloads and help test and validate the majority of the technologies in theVikramseries of space launch vehicles.
States revenue via stamp duty, registration up 35%
State governments revenue through stamp duty (SD) and registration charges (RC) touched Rs 94,847 crore in H1FY23, showing a rise of 35% against the same period of the last financial year.
According to a study byMotilal Oswal Financial Services, Average monthly revenue collection in H1 of 2022-23 was Rs 15,807 crore as compared to Rs 11,687 crore in the same period of 202122.
Maharashtra,Uttar Pradeshand Naduled the revenue collection, accounting for more than 40% of the total income generated. The
surge in revenue is attributedlargely to revival of residential real estate sector sinceCovid. Property consultants indicated sales of housing units have shot up across metros and housing finance companies said demand for Home loans in tier-2 and -3 cities and towns surged in past two quarters of this fiscal.Only Bihar witnessed anegative Growth of -73% to Rs 620 crore in the first half of 2022-23 compared to the same period of last fiscal.
7 new airports in 8 years: Aviation brings the Northeast close to rest of India, puts it on the world map
Aerial connectivity in theNortheasthas got a major boost with Prime MinisterNarendra Modi inaugurating the firstGreenfieldairport inArunachal PradeshDonyi PoloAirport at Hollangi, Itanagar.
He had laid the foundation stone for this airport in February 2019 and state-run Authority of India (AAI) completed the work in time despiteCovid. While the region had nine operational airports till 2014, seven more have been built since then taking the number up to 16 with pans for many more in coming years.
Northeast India is one of the biggest beneficiaries of the governments ambitious UDAN-regional connectivity scheme with several routes awarded for the region.
Airports in five northeastern states, namely, Mizoram, Meghalaya, Sikkim, Arunachal Pradesh and Nagaland have seen flights take off for the first time in 75 years. Aircraft movement in the North-East has also witnessed an increase of 113% since 2014,
Airports in five northeastern states Mizoram, Meghalaya, Sikkim, Arunachal Pradesh and Nagaland have seen flights take off for the first time in 75 years.
Mangrove Alliance for Climate (MAC)
MANGROVES are one of the most productive Ecosystems of the world. This tidal forest serves as a nursery ground for several organisms, protects the coastal erosion, sequestering the carbon and providing livelihood for millions of people besides harbouring array of faunal Elements in its
habitat.Mangroves are distributed in the tropical and sub-tropical region of the world and are found in 123 countries.
Mangroves are among the most carbon-rich forests in the tropics. They account for 3% of carbon sequestered by the worlds tropical forests.
Mangroves are the economic foundations of many tropical coastal regions. To sustain the blue economy, it is imperative to ensure the sustainability of coastal habitats, particularly mangroves for tropical nations, at the local, regional, and international levels.
With notable adaptive features, mangroves are natural armed forces of tropical and subtropical nations. They are the best option to fight against <a href="https://exam.pscnotes.com/Climate-change”>Climate Change consequences like sea levels rise and increasing frequency of natural calamities like Cyclones and storm surges.
India has committed in its NDC to create an additional Carbon Sink of 2.5 to 3 billion tonnes of CO2equivalent through additional forest and tree cover by 2030.