RAJASTHAN
- UDAY scheme: Big jolt as Rajasthan’s borrowing capacity restricted.
- Rajasthan government received a major setback as the Centre forestalled the state’s efforts on borrowing against the repayment of loan amount under Ujwal Discom Assurance Yojana(UDAY). The move will reduce the state’s borrowing limit by Rs 4,000 crore.
- Earlier, Rajasthan was allowed to borrow from the market, equivalent of the amount it repays under UDAY. Under this arrangement, Rajasthan was repaying Rs 4,000 crore per year as principal amount and could take loan of same amount from banks.
- However, without consensus of states, including Rajasthan, that have opted for UDAY, the Union government stalled this arrangement.
- According to officials privy to the development, the decision was unilateral with an aim of keeping the fiscal deficit of the Centre under mandatory 3%.
- At present, Rajasthan has a GDP of Rs 8,27,648 crore and with the limit of 3%, total borrowing cannot go beyond Rs 24,000 crore. With Rs 4,000 crore reduced further, the total borrowing capacity will be restricted to Rs 20,000 crore only.
INTERNATIONAL
- World’s first floating wind farm starts in Scotland
- The world’s first full-scale floating wind farm started to take shape off the north-east coast of Scotland.The Peter head wind farm is known asHywind, is a trial.
- It is a tech development project to ensure it’s working in open sea conditions.
- The Hywind project is being run in collaboration with the Abu Dhabi firm Masdar.
NATIONAL
- India celebrates Kargil Vijay Diwas day is observed on July 26
- The Indian nation celebratesKargil Vijay Diwas Dayis observed on July 26.
- On the occasion, Defence Minister Arun Jaitley and three Chiefs of Services will lay a floral tribute at Amar Jawan Jyoti, India Gate.
- Kargil Vijay Diwas is celebrated on July 26 every year to commemorate India’s victory in the 1999 Kargil War against Pakistan as it was on this day that the Indian Army had taken control of posts across the Himalayas in the Ladakh region of Jammu and Kashmir, after fighting for 60 days.
- Maharashtra, Rajasthan record highest cases of child marriage.
- Maharashtra tops the list in child marriage, followed by Rajasthan. 17 districts of Maharashtra, including Latur, Mumbai and Pune have reported high instances of child marriage.
- In Rajasthan, 13 districts, including Jaipur, Ajmer and Bhilwara, have reported increasing incidents of child marriage.
- The figures, highlighting the prevalence of child marriage.
- Sachin Siwach wins gold at Commonwealth Youth Games
- World Youth Champion Sachin Siwach clinched a gold medal at the Commonwealth Youth Games after defeating Welsh boxer James Nathan Prober 4-1 in the final.
- Siwach, who won gold last year, was the only one of the 103 boxers to have clinched a gold so far in the tournament, taking place in Bahamas.
- FSSAI bans Stapler Pins in tea bags from January 2018.
- The Food Safety and Standards Authority of India (FSSAI) banned the use of stapler pins in tea bags from January 2018.
- The FSSAI order directs the concerned food business operators to discontinue the manufacture, storage, distribution, sale and import of stapled tea bags by 1 January 2018.
- Currently, tea bags are either stapled or knotted. According to industry estimates, the tea bag segment contributes 3-4% by value of total tea sales but it is one of the fastest growing segments at 50-60% year-on-year.
- FSSAI is a nodal statutory agency responsible for protecting and promoting public health in India through the regulation and supervision of food safety.
- Union Government launched Mobile App ‘Aarambh’ for Road Maintenance
- It aims at the use of Geographic Information System (GIS)based mapping for making road inventories, condition surveys, and producing cost estimates and other relevant data for preparation and monitoring of annual road maintenance plans.
- They also launched a Concept Note and Guidance Note for Mobilising Funds for Maintenance of Rural Road. The Concept Note outlines innovative ways, which can be adopted by the State Governments for mobilising additional funds for road maintenance.
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