Forest Rights Act 2006 To be Carried Out

Forest Rights Act of 2006 was to be carried out in Jammu and Kashmir.

Highlights:

The Government of Jammu & Kashmir has decided to implement the Forest Rights Act, 2006.

It will enhance the socio-economic status of tribes and nomadic communities, including Gujjar-Bakarwals and Gaddi-Sippis.

The decision will address the prolonged struggling of tribal people and also ensure forest conservation.

T+1 Settlement System – SEBI

(SEBI) has provided a T+1 settlement system for stock Market exchanges. If the stock exchange agrees to the proposal, buyers will get cash for Shares they sold or bought in their accounts faster, and in a safer and secure Environment.

About T+1 (T+2, T+3) cycles:

T+1 (T+2, T+3) refers to the abbreviation of the settlement date of securities transactions.

“T” represents the transaction date, that is, the date on which the transaction occurred.

The numbers 1, 2, or three denote how many days after the transaction date the settlementor the transfer of cash and protection ownershiptakes place.
T+1 refers to stocks and Mutual Funds, while T+1, T+2, and T+3 refer to Bonds and Money market funds.

Digital Agriculture – Ministry of Agriculture

The Ministry of Agriculture-notes-for-state-psc-exams”>Agriculture and Farmer Welfare signs 5 memorandums of understanding with private enterprises to advance digital agriculture.

The government has launched a digital agriculture mission from 2021 to 2025. The project is based on new technologies such as , blockchain, remote sensing and GIS technology, the use of drones and robots.

The Agriculture value chain extends from crop selection to crop management and the market; it includes public and non-public players in agricultural inputs and Services and also Logistics.

In addition to promoting innovation, the establishment of an agricultural digital ecosystem requires a long-term perspective on interoperability, data Governance, data quality, data standards, security, and privacy.

First Five-Country Biosphere Reserve of the World

Mura-Drava-Danube (MDD) was declared as the worlds first five-country Biosphere reserve by the United Nations Educational, Scientific and Cultural Organization (UNESCO).

Highlights:

The biosphere reserve covers seven hundred kilometres of the Mura, Drava and Danube rivers and stretches across , Slovenia, Croatia, Hungary and Serbia.

The complete vicinity of the reserve is a million hectares – in the so-called Amazon of Europe, which is now the greatest riverine included area in Europe.

The biosphere represented an essential contribution to the European Green Deal (Climate motion plan) and contributed to the implementation of the European Union Biodiversity Strategy in the Mura-Drava-Danube region.

The strategys aim is to revitalise 25,000 km of rivers and guard 30% of the European Unions land area through 2030.

The vicinity is one of the richest in Europe in terms of Species diversity. It is domesticated to floodplain forests, gravel and sand banks, river islands, oxbows and meadows.