RAJASTHAN
- Rajasthan government, HPCL ink pact to form joint venture company for Barmer refinery
- HPCL Rajasthan Refinery Limited(HRRL), state government will have 26% and HPCL will have 74% of partnership.
- With JV in place, the government is aiming to complete the construction work in four years.
- a revised MoU with HPCL for a 9 million metric tonne crude oil refinery at Barmer that would require investments of Rs 43,129 crore and produce fuels meeting BS-VI specifications.
- As per the claims made by the present government, revised deal will save the state Rs 40,000 crore with annual viability gap funding of Rs 1,123 crore for 15 years instead of Rs 3,736 crore as per the previous MoU that former CM Ashok Gehlotsigned with HPCL.
INTERNATIONAL
- India Signs Global Environment Facility (GEF) Grant Agreement
- The Government of India, the Governments of Chhattisgarh and Madhya Pradesh, the Indian Council of Forestry Research and Education and the World Bank signed a US$ 24.64 million grant from the Global Environment Facility (GEF) to improve forest quality, sustainable land management and benefits from Non-Timber Forest Produce for forest dependent communities in Madhya Pradesh and Chhattisgarh.
- The Ecosystem Services Improvement Project will support the Government of India’s Green India Mission’s (GIM) goal of protecting, restoring and enhancing India’s forest cover and responding to climate change.
- US, Japan Boost Defence Cooperation with India, S Korea, Australia
- The US and Japan have agreed to advance their multilateral security and defence cooperation with countries like India, South Korea and Australia in view of North Korea’s dangerous provocative behaviour.
- The ministers highlighted ongoing Alliance efforts to advance trilateral and multilateral security and defence cooperation with other partners in the region, notably the Republic of Korea, Australia, India and Southeast Asian countries.
- US Secretary of State Rex Tillerson told that in cooperation with other nations, they will continue to employ diplomatic and economic pressure to convince North Korea to end its illegal nuclear and ballistic missile program.
NATIONAL
- CCEA approved New Department at centre – DIPAM (Department of Investment and public Asset Management)
- The Cabinet Committee on Economic Affairs, CCEA has approved the proposal of Department of Investment and public Asset Management, DIPAM for the strategic disinvestment. The approval will help in speedy completion of strategic disinvestment transactions.
- The department will set up an alternative mechanism comprising of the Finance Minister, Minister for Road Transport and Highways and Minister of Administrative Department, to decide on the matters relating to terms and conditions of the sale from the stage of inviting of Express of Interests till inviting of financial bid.
- DIPAM is the nodal agency of Union Finance Ministry mandated to advise the Union Government in the matters of financial restructuring of PSUs and also for attracting investment through capital markets. It will also deal with all matters relating to sale of Union Government’s equity in PSUs.
- Environment Minister Launches “Harit Diwali, Swasth Diwali” Campaign
- Union Minister for Environment, Forest and Climate Change, Dr. Harsh Vardhan, launched the “Harit Diwali, Swasth Diwali” campaign.
- The Minister impressed upon the children the importance of their contribution towards reducing pollution by not bursting harmful fire crackers during Diwali.
- NHAI launches mobile App MyFASTag and FASTag Partner
- The National Highways Authority of India launched two mobile Apps namely MyFASTagand FASTag Partner in New Delhi, to facilitate the availability of FASTags for Electronic Toll Collection.
- MyFASTag is a consumer App can be downloaded from the App Store for both Android and iOS systems.
- FASTag Partner is a merchant App agencies like Common Services Centre, banking partners, and vehicle dealers can sell and enroll FASTag through this App.
Gk bit –FASTag
- FASTag is a simple to use, reloadable tag which enables automatic deduction of 81.2z"/> Subscribe on YouTube