6 years after demonetisation, digital transactions rising but cash prevails in real estate sector: Survey

ix years afterdemonetisation, people are still paying or accepting black in real estate transactions and many continue to buy and sell products without proper receipts, according to aLocalCirclessurvey.

Although many have adopted digital modes of payment — with the shift gathering pace during the pandemic — the verdict on demonetisation is still not clear on whether it has delivered its set goal of weeding out black money and checking the Growth of the parallel economy.

LocalCircles said that 44% of those surveyed, who bought a

property in the last 7 years, had to pay a component in cash.

Exercise Sea Vigil-22

Exercise Sea Vigil was conceptualized in 2018 to strengthen Indias coastal DEFENCE by improving coordination between various stakeholders.

It is a build-up towards the larger TROPEX exercise.

It covers Indias entire 7,516 km coastline as well as 2 million sq km of Exclusive Economic Zone (EEZ).

This national-level exercise provides the opportunity at the apex level to assess Indias preparedness in the maritime security domain and the coastal defence.

It provides a realistic assessment of Indias strengths and weaknesses and helps the country boost

its maritime and national security.

The exercise is the largest in India in terms of geographical extent, the number of stakeholders, the number of units involved, and the broad objectives.

Trade turnover with India may come close to $30 billion by end of 2022: Russian embassy

Russian Deputy Prime MinisterDenis Manturovheld talks withExternal AffairsMinisterS Jaishankar and they noted bilateral trade turnover may reach USD 30 billion by the end of this year, according to a statement released

by the Russian embassy.

The talks betweenManturovandJaishankarwere held in the format of India-Russia Inter-Governmental Commission on Trade, Economic, Scientific, Technological andCultural Cooperation(IRIGC-TEC).

NHAIs infra investment bonds, offering an effective return of 8%

NHAI InvIT is the Investment trust sponsored by the National Highways Authority of India (NHAI) to support the governments National Monetisation Pipeline (NMP). NHAIs InvIT is a Trust established by NHAI under the Indian Trusts Act, 1882 and

SEBI (Security and Exchange Board of India) regulations.

The Union Cabinet chaired by Prime MinisterNarendra Modihad approved the NHAIs Infrastructure Investment Trust (InvIT) in December 2019, and the company had started to meet investor groups the following year.

Infrastructure investment trusts are institutions similar to Mutual Funds, which pool investments from various categories of investors and invest them into completed and revenue-generating infrastructure projects, thereby creating returns for the investor.

Panel formed on SC status for Dalit Christians, Dalit Muslims: Centre

The Union Government has filed a fresh affidavit before The Supreme Court, through the Ministry of Social and Empowerment, stating its current position on the inclusion ofDalit Christians and Dalit Muslims in the Scheduled Castes listand on the petitions challenging the constitutionality of Para 3 of the Constitution (Scheduled Castes) Order, 1950, which allows only members of Hinduism, Sikhism and Buddhism to be identified as SCs.

The Union government said it had examined the issue and noted the demands from Dalit

Christian and Dalit Muslim communities for inclusion in the SC list and accordingly formed athree-member Commission of Inquiry headed by former Chief Justice of India Justice K.G. Balakrishnanto look into all aspects of the matter. It said this was done because the issue is a seminal and historically complex sociological and constitutional question that requires a definitive study and extensive consultation with all stakeholders.

Most hotspots free from anti-national activities, says Amit Shah

Union Home Minister Amit Shah on October 21, 2022 said most of the “hotspots” in the country are almost free from anti-national activities now and the situation in major security theatres has improved over the last eight years of the Narendra Modi government.

He said more than 70% decline has been recorded in incidents of violence that were

reported from insurgency-hit areas of the Northeast during this time period and this is an indicator of a “happy Northeast”.

Same was the situation in Jammu and Kashmir as well as in the states affected by Naxal violence, the Minister said while addressing top Police and paramilitary forces commanders at the National Police Memorial in the Chanakyapuri area here on the occasion of the National Police Commemoration Day.

International Solar Alliance approves funding facility

To bolster investments in solar power projects, the (ISA), in its General Assembly meeting here on Tuesday, approved the Solar Facility, a payment guarantee mechanism expected to stimulate investments into solar projects through two financial components a Solar Payment Guarantee Fund and Solar Insurance Fund.

The thrust of the facility is to attract private capital to flow into

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underserved markets in Africa. The ISA would aim to crowdsource investments from various donors across the globe and proposed projects in Africa would be able to purchase payment guarantees or partial insurance premium from these funds.

AI-Powered Project by Minister for Road Transport

The Union Minister for Road Transport launched iRASTE, an -powered project. The venture goals to help decrease avenue accidents, recognize the Elements accountable for these activities and

come up with solutions to mitigate them. iRASTE is acronymed as Intelligent Solutions for Road Safety through Technology and Engineering.

Highlights:

The project was launched on a pilot foundation in Nagpur, Maharashtra with the target of reducing accidents by 50 % in the city.

The task is launched jointly by the Centre, Intel, INAI, IIIT-Hyderabad, CSIR-CRRI (Central Road Research Institute), Mahindra & Mahindra and Nagpur Municipal Corporation (NMC).

The important focal point of the undertaking will focus on automobile safety, mobility analysis and road Infrastructure security to go closer to a Vision Zero accident scenario.

The Ministry of Law and Justice has launched a Pan-India Special Campaign called Ek Pahal Drive for Justice Delivery at doorstep.

The campaign was launched in a bid to encourage mass registration under Tele-Law.

The campaign was launched by Department of Justice and NALSA.

This campaign seeks to actualize the aspiration of access to justice for citizens in India.

The Preamble to the Constitution of India has recognised Justice as the first deliverable for the Indian citizens. A successful and vibrant Democracy is where every citizen not only get guaranteed justice, but where justice is equitable. This principal mandates for State to create an Environment where justice-delivery is looked as a citizen-centric service rather than a sovereign function.

First Carbon Capture by Tata Steel

Tata Steel has commissioned the first carbon capture plant of India that extracts CO2 at once from the blast furnace gas, at its Works of Jamshedpur. By this achievement, Tata Steel has come to be the countrys first steel corporation to adopt such a carbon seize technology. The CCU (Carbon Capture and Utilization) plant was inaugurated by T.V. Narendran (CEO and MD of Tata Steel) in the presence of employer officers and different dignitaries.

Highlights:

The plant can seize 5 tonnes of CO2 per day (5-tonne per day (TPD)). The agency will reuse the captured CO2 on-site in order to promote a circular carbon economy.

The CCU facility uses amine-based technological know-how and makes the captured carbon available for onsite reuse.

The depleted CO2 gasoline is sent lower back to the fuel Network with multiplied calorific

value. This task has been performed with technological aid from Carbon Clean, a global leader in low cost CO2 capture technology.

World Bamboo Day – 18th September

World Bamboo Day is found each and every year on 18 September to raise attention to the benefits of bamboo & to promote its use in daily products.

Highlights:

Bamboos are used for a number of functions more often than not in East & Southeast Asia.

Bamboo is a very tall, tree-like grass of the Poaceae family. It includes greater than a hundred and fifteen genera

and 1,400 species.

The theme of 2021 is #PlantBamboo: It Is Time To Plant Bamboo

WBD was formally declared by the World Bamboo Organization (WBO) on September 18 at the eighth World Bamboo Congress held in Bangkok in 2009.

The intention of the WBO is to bring the achievable use of bamboo to greater expanded exposure, to develop new cultivation of bamboo for new industries in regions across the globe, and to promote ordinary uses domestically for neighborhood financial development, etc.