Vibrant village programme

 

News: Home Minister Amit Shah unveiled the Vibrant Village programme from the Anjaw district of Arunachal Pradesh

 

About vibrant village programme 

• The programme has an budget outlay of the ₹4,800-crore.

• It will be executed in 2,967 villages across 19 districts in four border States, including Arunachal Pradesh, Sikkim, Uttarakhand and Himachal Pradesh, and the union territory of Ladakh.

• The project cost includes ₹2,500 crore for road connectivity from 2022-23 fiscal to 2025-26. 

• This aims at providing:

  • All basic needs including bankswhich will help the people open bank accounts, provide electricity, LPG, drinking water, employment, and build toilets. 

  • These villages will be connected digitally and physically with the rest of the State and the country.

 

World Bank-IMF spring meetings

 

News:  Indian Finance minsiter has started one  week Tour to Washington DC for the meetings along with  bilateral and multilateral interaction.

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About the meeting:

• India is hosting the second G-20 Finance Ministers and Central Bank Governors (FMCBG) meeting as part of its year-long presidency of the group.

• The Minister and RBI Governor Shaktikanta Das will co-chair the FMCBG meet and host some 350 G-20 delegates plus representatives of 13 invitee countries as well as regional and international organisations.

• G-20 meeting will have three sessions: 

  • Global Economy and International Financial Architecture; 

  • Sustainable Finance, Financial Sector and Financial Inclusion;

  • International Taxation.

• The last FMCBG meeting was held in Bangalore in February and was witness to tensions around discussions and communication about the Russia-Ukraine conflict.

• Core Issues:

  • Food and energy security, 

  • managing global debt vulnerabilities, strengthening Multilateral 

  • Development Banks (MDBs), 

  • mobilising finance for climate action, financial inclusion, etc. 

• Next FMCBG meeting, which will be held in Gandhinagar in July.

 

Monsoon in 2023

News: As per Skymet, India will get below normal rainfall this year.

 

About the News:

• The rains are expected to be 94% of the long-term average due to increasing likelihood of El-Nino, which typically brings dry weather to Asia.

• Normal rainfall refers to the rainfall between 96% and 104% of the 50-year average of 88 centimetres for the four-month season beginning June.

• Nearly half of India’s farmland, which has no irrigation cover, depends on the annual June-September rain to grow crops such as rice, corn, sugar cane, cotton and soybeans.

• Northern and central parts of the country to be at risk of being rain deficit.

• Agriculture bowl of India  i.e the States of Punjab, Haryana, Rajasthan and Uttar Pradesh are likely to get less than normal rainfall during the second half of the season

• Unseasonal rain and hailstorms have damaged ripening, winter-planted crops such as wheat in the fertile northern, central and western plains, exposing thousands of farmers to losses, and raising the risk of further food price inflation.