National News
Union Cabinet accepts recommendations for simultaneous elections (One Nation One Election – ONOE)
Union Cabinet meeting chaired by Prime Minister Shri Narendra Modihas accepted the recommendations of. High Level Committee on Simultaneous Election (One Nation One Election – ONOE) Chaired by former President Shri Ram Nath Kovind.
Science and Technology News
Cabinet approves Chandrayaan-4 mission
Union Cabinet meeting chaired by Prime Minister Narendra Modi has been approved New lunar mission ‘Chandrayaan-4’To develop and demonstrate technologies After successfully landing on the moon, we will return to Earth and collect lunar samples. and analyze them on Earth.
India will have its own space station for scientific research, the first module of which will be launched in 2028
Union Cabinet meeting chaired by Hon’ble Prime Minister Shri Narendra Modi has approved the Construction of the first unit of the Indian Space Station (BAS) The scope of the Gaganyaan programme is being expanded.
After Moon and Mars, India eyes scientific goals on Venus
Union Cabinet meeting chaired by Prime Minister Shri Narendra Modi The development is approved Of Venus Orbiter Mission (VOM), This will be an important step towards the government’s vision of exploring and studying the planet Venus beyond the Moon and Mars.
Cabinet approves Chandrayaan-4 and Venus Orbiter Mission for space exploration
The Union Cabinet has approved it. Chandrayaan-4 Mission, It aims to develop technology to land on the Moon and return to Earth and collect lunar samples for analysis. The total cost of the mission is Rs 2104.06 crore, The mission will include spacecraft development, two LVM3 launches, deep space network support, and special tests for validation. will be completed within 36 months, This will involve significant participation from industry and academia.
New reusable low-cost launch vehicle for India
Union Cabinet meeting chaired by Prime Minister Shri Narendra Modi has approved the development of Next Generation Launch Vehicles (NGLV), This will be an important step towards the Government’s vision of establishing and operating an Indian Space Station and developing the capability for landing an Indian crew on the Moon by 2040.
Summits and Conferences
India and EU agree to enhance cooperation in sustainable water management
India and the European Union (EU) Agreed Enhancing cooperation on sustainable water management But 6th EU-India Water Forum The conference was organised on the occasion of 8th India Water Week in New Delhi.
business News
India becomes 6th largest market in MSCI ACWI
India has now become the sixth largest market in the world. MSCI All Country World Investable Market Index (ACWI IMI), ahead of China and slightly behind France. As of August 2024, India’s weighting in the index is 2.35%, higher than China’s 2.24%, with France only 3 basis points ahead of India. India is also now the largest emerging market (EM) in the MSCI ACWI IMI for the first time.
Schemes News
Cabinet approves Bio-RIDE scheme to support R&D in biotechnology
The Union Cabinet has approved it. Biotechnology Research Innovation and Entrepreneurship Development (BIO-RIDE) Scheme for Promoting Biotechnology Research, Innovation and Entrepreneurship ₹9,197 crore for the 15th Finance Commission period (2021-22 to 2025-26).
Economy News
India’s exports to China fell faster than to other partners
India’s exports China’s economy shrunk by 22.44% to $1 trillion In August, while total exports fell 9% to $34.7 billion, hit by sluggish demand amid a sharp slowdown in China, geopolitical issues and logistics challenges. Despite the contraction, China remains India’s fifth-largest export market, although the country is heavily dependent on imports from China, which have risen $10.8 billion, up 15.5% year-on-year In the same period.
Cabinet approves ‘One Nation, One Election’ and key agri-space proposals
Union Cabinet has approved several major proposals with a total outlay of Over ₹60,000 croreSectors ranging from agriculture to space exploration have been covered. The much-awaited ‘One Nation, One Election’ policy has also been approved, under which simultaneous elections can be held across India. In addition, PM-Asha Scheme redesigned with a ₹35,000 crore budget Ensuring Minimum Support Price (MSP) for farmers. The Cabinet also approved a subsidy of ₹24,474.53 crore on phosphatic and potassic (P&K) fertilizers for the 2024-25 Rabi season.
India set to become the third largest economy by 2030-31
India is on its way to becoming third largest economy By fiscal 2030-31, powered by a a strong projected annual growth rate of 6.7%, Credit rating agency S&P Global said in its report India Ahead Emerging Perspectives.
Modi 3.0 government approves Rs 12,554 crore for disaster relief
The central government has allocated Rs 12,554 crore to various states this year for relief and rehabilitation of people affected by natural disasters. This includes funds received from various disaster relief and mitigation funds.
Atal Pension Yojana (APY) subscribers reach 69 million, total amount raised to Rs 35,149 crore
Around 7 crore people have subscribed Atal Pension Yojana (APY)accumulation of a fund Rs 35,149 crore, As announced by Finance Minister Nirmala Sitharaman. APY, launched in 2015, It is a low-cost pension plan that offers a guaranteed minimum pension ranging from Rs 1,000 to Rs 5,000 per month depending on the contributions made by the subscribers. In case of the death of the subscriber, the pension is given to the spouse for life, and after the death of both, the nominee receives the entire amount.
