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A drop in crushing and slow meal off-take amid high prices in the international market for Indian origin soyameal has led to a decline in soyabean meal exports.
The export of soyabean meal in the period October-February 2022 has stood at 4.23 lakh tonne as against 13.55 lakh tonne in the same period a year ago, according toSoybean Processors Association of India(SOPA).

Soyabean oil year runs from October to September.

Madhya Pradeshis a leading soyabean producing state contributing over 70 per cent to total national output.

Exports of soyabean meal in February were recorded at 50,000 ton in comparison to 3.52 lakh ton in the corresponding period a year ago, according to the trade body. Exports in February were 50,000 tonne, lower by 55 per cent from January this year. SOPA has also revised downward crushing of soyabean for the year 2021-22 to 88 lakh ton from earlier estimated 90 lakh ton while local meal consumption has been revised down to 56 lakh tonne as against 58 lakh tonne

The Hungarian parliament has elected Katalin Novak, a close ally of Prime Minister Viktor Orban, as the EU members first-ever female president.

Novak, who most recently served as a minister for family policy, portrayed her election on Thursday as a victory for Women.

She was elected to the mostly ceremonial role by 137 votes to 51 in the parliament dominated by Orbans right-wing Fidesz party ahead of opposition challenger Peter Rona, an economist.

Curtailing pollution created by pharmaceuticals, agricultural and healthcare sectors is essential to reduce the emergence, transmission, and spread of superbugs — strains of bacteria that have become resistant to every known antibiotic — and other instances of antimicrobial resistance, known as AMR.

This is the key message of a report released by the UN Environment Programme (UNEP) on the environmental dimensions of AMR, which already is taking a serious toll on the The development and spread of AMR mean that antimicrobials used to prevent and treat infections in humans, animals and Plants might turn ineffective, with modern medicine no longer able to treat even mild infections.

Listed by the WHO among the top 10 global threats to Health, it is estimated that in 2019, 1.27 million deaths were directly attributed to drug-resistant infections globally, and 4.95 million deaths worldwide were associated with bacterial AMR (including those directly attributable to AMR).

AMR is expected to cause 10 million additional direct deaths annually by 2050. This equals the number of deaths caused globally by cancer in 2020.

The report highlights a comprehensive set of measures to address both the decline of the environment and the rise of AMR, especially addressing key pollution sources from poor sanitation, sewage, community and municipal wastes.

The value of foreign portfolio investors’ (FPI) holdings in the domestic equities reached $584 billion at the end of December 2022, which was 11% lower from preceding year, according to a Morningstar report.

This was largely on low return given by the Indian equities and exodus of foreign from the domestic stock market. Going by the report, the value of FPIs investments in Indian equities dropped to $584 billion as of December 2022 as compared to $654 billion at the end of December 2021.

On a quarter-on-quarter basis, the value of FPIs Investment grew 3% from $566 billion in the three months ended September 2022. This was also the second consecutive quarter, when the value of their investment in the domestic stock market had increased. Consequently, FPIs’ contribution to Indian Equity Market Capitalisation also went up during the quarter to 17.12% from 16.97% in the September 2022 quarter. After posting a robust Growth in 2020 and 2021, the global equity markets went through a turbulent phase in 2022. In fact, 2022 was a difficult year as the world witnessed multiple challenges that weighed on the international markets.

Myanmar’s military-led government, working with Russia’s state atomic energy company, has inaugurated a nuclear power information center as a step toward developing atomic power to fill energy shortages in the strife-torn Southeast Asian nation.

Myanmar hopes to build and operate a reactor under a preliminary agreement between Myanmar and Rosatom that was signed in 2015, the newspaper said. The two sides signed memorandums of understanding in Moscow in July on Nuclear Energy, training and promotion of public understanding of atomic power.

The development is likely to ignite concerns that Myanmar’s military would like to develop a nuclear weapons capability. There were suspicions a decade ago that North Korea was supplying nuclear arms technology to Myanmar, but there was no definitive evidence.

India has jumped to the 55th position from 112th place in the ranking of oversight capability of global aviation Safety. According to the Directorate General of Civil Aviation (DGCA), after the final report India’s safety oversight capability ranking has climbed from 112 to 55.

The ICAO had last month audited the DGCA to check its effective implementation (EI) of critical safety Elements. The ICAO undertakes audit of all the contracting states under this programme. It may be noted that this ranking is dynamic and is contingent upon the outcomes of various Audits undertaken by ICAO,” it said.

Parliamentary Committee recently recommended extending guaranteed days of labor from 100 to 150 under the Gandhi National Rural EMPLOYMENT Guarantee Act (MGNREGA).

Highlights:

This was recommended after observing that MGNREGA may be the last fallback option for several people in rural areas.

The Committee gave recommendations when the job scheme had become a security net for migrant workers who returned to their villages amid the Covid-19 pandemic.

Furthermore, demand for work under this scheme has reached an all-time high in the fiscal year 2021-2022.

Finance Ministry has not increased the allocation for MGNREGA in Union Budget 2022-23. Ministry retained it at Rs 73,000 crore for 2022-23.

The government has prepared a draft National Air Sports Policy (NASP 2022) to promote air sports in India.

Highlights

The government has received the feedback. It examines the comments on the draft National Air Sports Policy.

Under the policy, domestic design, development & manufacturing of air sporting goods will be promoted in line with Atmanirbhar Bharat Abhiyan.

The policy seeks to form India a worldwide hub for air sports.

It will cover most air sports like aerobatics, amateur-built & experimental aircraft, aeromodelling, drones, ballooning, gliding, paragliding micro-lighting & paramotoring skydiving, glide, and vintage aircraft.

The GST Council will rationalize the GST rate on-air sporting goods to five or less during a bid to form air sports affordable to the common public.

Indian Space Research Organisation (ISRO) successfully launched an Earth Observation Satellite, EOS-04, and two small satellites into the intended orbit.

Highlights:

Indian Space Research Organisation (ISRO) successfully launched an Earth Observation Satellite, EOS-04, and two small satellites into the intended orbit.

This was the primary launch mission of ISRO within the year 2022. The satellites were launched onboard the launch vehicle PSLV-C52 rocket from the primary Launch Pad of Satish Dhawan Space Centre at Sriharikota in Andhra Pradesh.

EOS-04 may be a Radar Imaging Satellite (RISAT) designed to supply high-quality images under all weather for applications like Agriculture-notes-for-state-psc-exams”>Agriculture, Forestry, and plantations, flood mapping, moisture & hydrology.

The satellite weighs about 1710 kg and can generate 2280 W power. It’s a mission lifetime of 10 years.

An International Atomic Energy Agency (IAEA) taskforce started mission in Japan for reviewing controversial planned release of treated water from Fukushima nuclear plant into the ocean.

Since the Fukushima nuclear plant went into meltdown after a tsunami in 2011, about a million tonnes of processed water has accumulated in tanks at crippled plant. Storage space at the plant is running out.

According to Japan, the plan to dilute and release water over several decades is safe because, an extensive pumping and filtration system removes most radioactive Elements.

IAEA has also endorsed the release and says it similar to disposal of wastewater at nuclear Plants at other sites.

IAEA will now conduct a mission for reviewing the action, data, plans, and relevant documents, for assessing their compliance against provisions included in international safety standards. IAEA taskforce would be scrutinising elements including radiological characterisation of water to be discharged and its impact on people and Environment.