1)Xiamen Declaration of BRICS 2017 , Important Takeaways :-
9th BRICS summit was recently held in Xiamen, China.
Some Key Points:-
2)India and Nepal have begun their joint military exercise in Nepal. This is the 12th edition of Nepal-India joint military exercise. The exercise – Surya Kiran.
3)RBI includes HDFC Bank in the ‘too big to fail’ list:-
After adding the State Bank of India and private lender ICICI, the Reserve Bank of India has listed HDFC to systemically important banks list.
What are D-SIBS ?? :- Domestically systemically important banks.
They are perceived as ones that are ‘Too Big To Fail (TBTF)’. This perception of TBTF creates an expectation of government support for these banks at the time of distress. Due to this perception, these banks enjoy certain advantages in the funding markets.
4)The President of India, Shri Ram Nath Kovind recently laid the foundation stone of ‘Saurashtra Narmada Avataran Irrigation Yojana’ (SAUNI) Phase-II Link-4 in Rajkot, Gujarat.
SAUNI stands for Saurashtra Narmada Avtaran Irrigation, a project launched in September 2012. SAUNI envisages filling 115 major dams of the arid Saurashtra region by diverting floodwaters overflowing from the Sardar Sarovar Dam across the Narmada in south Gujarat.
It involves laying a 1,125-km network of pipelines at a cost of Rs 12,166 crore to carry Narmada water to these dams, and irrigate 4.13 lakh hectares land.
SAUNI is technically a ‘linking’ project, where the water will be filled in irrigation dams that are already equipped with canal network. This network of canals will then help channel water into farms.
9th BRICS summit was recently held in Xiamen, China.
Some Key Points:-
- BRICS Agriculture Research Platform is proposed to be established in India.
- Importance of people-to-people exchanges in promoting development and enhancing mutual understanding, friendship and cooperation among BRICS peoples was also emphasized.
- BRICS nations at a summit in China named, for the first time, Pakistan-based groups like Lashkar-e-Taiba, Jaish-e-Mohammed and the Haqqani network in a strongly-worded declaration condemning terror.
- Countries have also resolved to use Nuclear , Hydro Power More so as to reduce the emissions from the fossil fuels.
- Chinese President Xi Jinping pushes for expanded Brics-Plus : involving other emerging markets and developing countries in the Brics forum. China has invited leaders of five countries - Mexico, Guinea, Thailand, Egypt and Tajikistan - to take part in a dialogue with Brics members.
2)India and Nepal have begun their joint military exercise in Nepal. This is the 12th edition of Nepal-India joint military exercise. The exercise – Surya Kiran.
3)RBI includes HDFC Bank in the ‘too big to fail’ list:-
After adding the State Bank of India and private lender ICICI, the Reserve Bank of India has listed HDFC to systemically important banks list.
What are D-SIBS ?? :- Domestically systemically important banks.
They are perceived as ones that are ‘Too Big To Fail (TBTF)’. This perception of TBTF creates an expectation of government support for these banks at the time of distress. Due to this perception, these banks enjoy certain advantages in the funding markets.
4)The President of India, Shri Ram Nath Kovind recently laid the foundation stone of ‘Saurashtra Narmada Avataran Irrigation Yojana’ (SAUNI) Phase-II Link-4 in Rajkot, Gujarat.
SAUNI stands for Saurashtra Narmada Avtaran Irrigation, a project launched in September 2012. SAUNI envisages filling 115 major dams of the arid Saurashtra region by diverting floodwaters overflowing from the Sardar Sarovar Dam across the Narmada in south Gujarat.
It involves laying a 1,125-km network of pipelines at a cost of Rs 12,166 crore to carry Narmada water to these dams, and irrigate 4.13 lakh hectares land.
SAUNI is technically a ‘linking’ project, where the water will be filled in irrigation dams that are already equipped with canal network. This network of canals will then help channel water into farms.
No comments:
Post a Comment