
11 April 2023
Vibrant village programme
News: Home Minister Amit Shah unveiled the Vibrant Village programme from the Anjaw district of Arunachal Pradesh
About vibrant village programme
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The programme has an budget outlay of the ₹4,800-crore.
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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.
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The project cost includes ₹2,500 crore for road connectivity from 2022-23 fiscal to 2025-26.
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This aims at providing:
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All basic needs including bankswhich will help the people open bank accounts, provide electricity, LPG, drinking water, employment, and build toilets.
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These villages will be connected digitally and physically with the rest of the State and the country.
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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.
About the meeting:
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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.
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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.
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G-20 meeting will have three sessions:
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Global Economy and International Financial Architecture;
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Sustainable Finance, Financial Sector and Financial Inclusion;
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International Taxation.
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The last FMCBG meeting was held in Bangalore in February and was witness to tensions around discussions and communication about the Russia-Ukraine conflict.
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Core Issues:
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Food and energy security,
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managing global debt vulnerabilities, strengthening Multilateral
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Development Banks (MDBs),
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mobilising finance for climate action, financial inclusion, etc.
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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:
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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.
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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.
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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.
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Northern and central parts of the country to be at risk of being rain deficit.
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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
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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.