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Current Affairs 9/3/24

  1. Indian Heritage
  • Culture
  • Modern Indian history
  • The Freedom Struggle
  • Post-independence
  • Indian Society

A. population and associated issues

B. poverty and developmental issues

C.urbanization

   7. Geographical features

8.Indian Constitution

9. Polity

10. Governance

A. institutions

B. regulatory

C. Government policies

D. role of NGOs

E. measures

11. Social Justice

A. Welfare schemes

B Health

C. Education

D. Human Resources

E. poverty and hunger

12. International relations

A. India and its neighbourhood

B. groupings and agreements

C.Indian diaspora

13. Economic Development

A. Government Budgeting

B. industrial

Coal PSUs Surpass CAPEX Target for FY 2023-24

CAPEX

Coal PSU’s under the administrative control of MoC have been at the forefront of doing CAPEX to assist and contribute in transforming Indian economy. Over the past few year Coal CPSE has been over achieving the CAPEX Target.

In FY 21-22, Coal PSU’s had achieved 104.86% their target. Similar performance was repeated in FY 2022-23 where coal PSUs achieved around 109.24% of its target. There has been consistent YoY growth in CAPEX by Coal PSU’s over last 3 years.

YearCapex (in Rs. Cr)YoY growth
2020-2117474.9116.52%
2021-2219656.4212.48%
2022-2323400.2219.05%

The Ministry of Coal’s CAPEX target for 2023-24 is 21,030 Crore. By Feb 2024, coal PSUs have already surpassed the FY 2023-24 target by making record capex of Rs. 22448.24 Cr i.e. 106.74% of the annual target. With major CAPEX investments materializing in the last two months of the fiscal year, it is anticipated that both CIL and NLCIL will add to their achievement, further bolstering India’s economic growth trajectory.

CAPEX is one of the crucial components of the economic dynamics, which has a multiplier and trickle-down impact on the overall economy boosting consumption, demand and spurs industrial growth, creates employment and long-lasting infrastructure from which durable benefits accrue to the country over a long period of time.

2,880 MW Dibang Multipurpose Hydroelectric Project of Arunachal Pradesh

The Prime Minister of India Shri Narendra Modi laid the foundation stone of 2,880 MW Dibang Multipurpose Hydropower Project of NHPC Limited in Lower Dibang Valley district of Arunachal Pradesh, at a Viksit Bharat Viksit North East Program in Itanagar, Arunachal Pradesh today, March 9, 2024. The Prime Minister inaugurated, dedicated to the nation and laid the foundation stone for multiple development projects worth about Rs. 55,600 crores in Manipur, Meghalaya, Nagaland, Sikkim, Tripura and Arunachal Pradesh. The development projects of today encompass sectors like rail, road, health, housing, education, border infrastructure, IT, Power, oil and gas, among others. The function was also graced by Governor of Arunachal Pradesh, Lt. Gen Kaiwalya Trivikram Parnaik; Chief Minister of Arunachal Pradesh Shri Pema Khandu; and Deputy Chief Minister of Arunachal Pradesh Shri Chowna Mein. 

Addressing the gathering, the Prime Minister mentioned work commencing in Dibang Multipurpose Hydropower Project in Arunachal Pradesh and Solar Power project in Tripura today. “Dibang dam will be India’s highest dam”, he said, noting the dedication of the highest bridge and the highest dam to Northeast.

E.issues

14. Technology

15. Environment

16. Security

India – U.S. Maritime Security Exercise ‘Sea Defenders-2024’ 

The comprehensive maritime security exercise ‘Sea Defenders-2024’ between the Indian Coast Guard (ICG) & United States Coast Guard (USCG) culminated at Port Blair on March 9, 2024. The exercise was aimed at enhancing maritime cooperation and interoperability between the two forces.

The Exercise included a variety of scenarios including a Pollution Response Demonstration, in which Indian Coast Guard ships and aircraft showcased their expertise in responding to oil spills and other environmental hazards at sea. It also simulated Visit Board Search and Seizure (VBSS) Operations for inspecting vessels suspected of illegal activity.

During the exercise, the Indian Coast Guard helicopter and Dornier aircraft conducted Search & Rescue and Pollution Response demonstrations, showcasing ICG’s ability to undertake aerial surveillance and rescue missions. The exercise also included practice to neutralize asymmetric threats, akin to drone attacks on commercial merchant traffic. The exercise also provided a platform for both USCG and ICG personnel to hone their firefighting and damage control skills through a simulated scenario, where DCFF teams showcased capabilities to combat shipboard emergencies.

After the Exercise, the United States Coast Guard Cutter Bertholf departed from Port Blair. Its visit was marked by a series of engaging harbour activities and sea exercises designed to foster collaboration. The activities included cross-visits, where crew members from both the Bertholf and ICG had the opportunity to tour each other’s ships, gaining valuable insights into their capabilities and procedures. A friendly badminton competition was also organised, which provided a lighthearted opportunity for crews to interact and build camaraderie outside a professional setting.

17. Disaster Management