Daily Current Affairs 19th March 2023 For All Government Examinations

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PM Modi and PM Hasina jointly inaugurates India-Bangladesh Friendship Pipeline

Prime Minister Narendra Modi and Prime Minister of Bangladesh, Sheikh Hasina jointly inaugurated the over 130 kilometres long India-Bangladesh Friendship Pipeline (IBFP) in a virtual mode.

The foundation stone for the construction of this pipeline was laid by both Prime Ministers in September 2018. Numaligarh Refinery Limited has been supplying petroleum products to Bangladesh since 2015. This is the second cross-border energy pipeline between India and its neighbours.

India-Bangladesh Friendship Pipeline (IBFP): Key Highlights

IBFP is the first cross border energy pipeline between India and Bangladesh with a capacity to transport 1 Million Metric Ton Per Annum (MMTPA) of High-Speed Diesel (HSD) to Bangladesh. Enhanced connectivity with Bangladesh will further strengthen people to people linkages between two sides.

The agreement for the construction of the pipeline was signed in 2017 to import diesel from India to Bangladesh through the pipeline. The pipeline will carry diesel from West Bengal's Siliguri marketing depot of the Numaligarh oil refinery to the Meghna petroleum depot in Dinajpur's Parbatipur, in Bangladesh .

Bangladesh is India’s top-most development partner and its largest trade partner in the region. The operationalisation of the Friendship Pipeline will enhance ongoing energy cooperation between the two countries and will further growth in Bangladesh, particularly in the agriculture sector.

PM Modi inaugurates the Global Millets (Shree Anna) Conference

Prime Minister Narendra Modi inaugurated the Global Millets (Shree Anna) Conference in New Delhi.

Global Millets (Shree Anna) Conference: Background

Based on India’s proposal, the year 2023 was declared the International Year of Millets (IYM) by the United Nations General Assembly (UNGA). In line with the Prime Minister’s vision to make the celebrations of IYM 2023 a ‘people’s movement’ and position India as the ‘global hub for millets’, all central government ministries/departments, states/UTs, farmers, start-ups, exporters, retail businesses and other stakeholders are being engaged to promote and spread awareness about the benefits of millets (Shree Anna) for the cultivator, consumer and climate. The organization of the Global Millets (Shree Anna) Conference in India is an important programme in this context.

The two-day global conference will have sessions on all important issues related to millets (Shree Anna) like promotion and awareness of millets among producers, consumers and other stakeholders; millets’ value chain development; health and nutritional aspects of millets; market linkages; research and development etc. The conference will be attended by Agriculture Ministers of various countries, international scientists, nutritionists, health experts, start-up leaders and other stakeholders.

India hosts Ministerial Round Table of leading millets countries

India hosts Ministerial Round Table of leading millets countries to chalk out strategies for enhancing production & consumption world over. Ministers from Guyana, Mauritius, Sri Lanka, Sudan, Suriname, Zambia & high-level delegates from Gambia, Maldives & Nigeria attended the meet.

2nd Startup20 engagement group meeting begins in Gangtok, Sikkim

The two-day meeting of the Startup20 engagement group under India’s G20 Presidency began at Chintan Bhawan in Gangtok, Sikkim.

The Startup20 engagement group aims to bring together global startup systems while ensuring that every nation has the freedom to grow its unique ecosystem.

Cabinet approves listing of IREDA on Stock Exchanges

The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi has approved for listing of IREDA - a CPSE under Ministry of New & Renewable Energy (MNRE) on the Stock Exchanges through an Initial Public Offer (IPO) by part sale of Government’s stake in it and to raise funds for IREDA through issue of fresh equity shares. The Department of Investment and Public Asset Management (DIPAM) will drive the listing process.

Key Highlights

This decision supersedes earlier CCEA decision taken in June, 2017 for allowing IREDA to issue 13.90 crore fresh equity shares of ₹ 10.00 each to the public on book building basis through IPO. The instant decision has been necessitated due to change in capital structure following infusion of capital to the tune of ₹ 1500 crore by the Government in March, 2022.

The Initial Public Offer (IPO) will help in unlocking the value of Government’s investment on one hand and on the other hand will provide an opportunity to the public to acquire stake in the national asset and draw benefits therefrom. Besides, it will help IREDA in raising a part of its capital requirement for meeting growth plans without depending on the public exchequer, and improve governance through greater market discipline and transparency arising from listing requirements and disclosures.

NGT imposes fine of 100 crore rupees on Kochi Municipal Corporation

The National Green Tribunal (NGT) has imposed a fine of 100 crore rupees on the Kochi Municipal Corporation for continuing to neglect its responsibilities which resulted in a fire at a Brahmapuram waste plant site in Kochi, Kerala.

The Bench headed by Chairperson Justice Adarsh Kumar Goel awarded 100 crore rupees in environmental compensation against the Kochi civic body.

3rd edition of International SME Convention 2023 to be held in New Delhi from 19 – 21 Mar

The 3rd edition of the International SME Convention 2023 (ISC) will be organized jointly by the Ministry of MSME & Ministry of External Affairs, India SME Forum, along with Govt. of Madhya Pradesh as a Key State Partner and Govt. of Uttar Pradesh as Associate State Partner.

This year ISC, 2023 is expecting the participation of 1500+ SMEs with the main focus areas being India's major four Sunrise Sectors, which are Cleantech & Green Energy, Manufacturing, Services Sector and Agro food Processing & Agri Implements sector.

Yuva Utsav on theme 'Panch Pran of Amrit Kaal - India @2047' held in Mizoram

Yuva Utsav on the theme of 'Panch Pran of Amrit Kaal - India @2047' was held in Siaha district of Mizoram. The festival, which is being organised by the Nehru Yuva Kendra (NYK) all across the country, has evoked huge enthusiasm among the students and youth of the district.

Yuva Utsav 2023: Aims

Yuva Utsav aims to spread the ideals and values of India’s Freedom Struggle and to generate appreciation about the diverse spiritual and cultural heritage of the country among the masses.

EAM Jaishankar inaugurates 'Geoffrey Bawa: It is Essential To be There' Exhibition

External Affairs Minister of India Dr. S. Jaishankar inaugurated the Sri Lankan exhibition “Geoffrey Bawa: It is Essential To be There”, at the National Gallery of Modern Art in New Delhi.

The historic exhibition which features the works of Sri Lanka’s iconic architect the late Geoffrey Bawa, is jointly organized by the National Gallery of Modern Art in New Delhi, the High Commission of Sri Lanka in New Delhi and the Geoffrey Bawa Trust to mark the 75th anniversary of Indo-Lanka diplomatic relations, which falls this year.

Geoffrey Bawa: It is Essential To be There Exhibition

“Geoffrey Bawa: It is Essential To be There”, the first major exhibition that draws from the archives to look at the Sri Lankan architect Geoffrey Bawa’s practice, is the first retrospective exhibition of Bawa’s works to be shown internationally since 2004. Earlier, his work had been exhibited at multiple venues in Sri Lanka, the United Kingdom, North America, Australia, India, Brazil, Singapore, and Germany.

Over 120 documents from the Bawa archives are on view in the exhibition, including a section on unbuilt work and Bawa’s own photographs from his travels. It explores relationships between ideas, drawings, buildings and places, and the different ways in which images were used in Bawa’s practice.

Ram Sahaya Prasad Yadav elected as new Vice President of Nepal

Janata Samajbadi Party leader Ram Sahaya Prasad Yadav has been elected as the new Vice President of Nepal.

Yadav defeated Astalaxmi Shakya of CPN (UML) and Mamata Jha of the Janamat Party. He had received support from the Nepali Congress, CPN (Maoist Centre), and the CPN (Unified Socialist) including the ruling alliance.

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Daily Current Affairs 19th March 2023 For All Government Examinations