Which state CM hiked Rs.200 per month under Madhu Babu Pension Yojana scheme?

Current Affairs - 2019

Bihar

Odisha

Haryana

Andra Pradesh

Correct Answer : Odisha

Odisha's Chief Minister Naveen Patnaik announced in a video conference on "Ama Gaon, Ama Bikash" a hike of Rs 200 per month in the social security pension under Madhu Babu Pension Yojana (MBPY). The state government launched Madhu Babu Pension Yojana on January 1, 2008, by merging two pension schemes - Old Age Pension and Odisha Disability Pension schemes. According to the new change,the elderly persons aged over 60 years would get a revised old age pension of Rs 500 per month as against Rs 300 and those who are more than 80 years old, the pension would be Rs 700 per month instead of Rs 500 per month and the enhanced pension will come into effect from February 15, 2019.

Published On : July 10, 2021

Understanding the Phenomenon “Midnight Sun”

The midnight sun, a phenomenon where the sun remains visible even at midnight, is a rare spectacle witnessed in select regions near the Arctic Circle. During specific periods of the year, these locales experience daylight stretching into the late hours of the night, creating a surreal landscape bathed in perpetual sunlight. Among these regions, one country stands out as the quintessential embodiment of this phenomenon.

Which Country is Known as “Land of Midnight Sun”?

Nestled amidst the rugged landscapes and pristine fjords of Scandinavia, Norway emerges as the quintessential “Land of Midnight Sun.” Situated on the northernmost edge of Europe, a portion of Norway lies within the Arctic Circle, where the midnight sun graces the skies during the summer months. From late May to July, certain areas of Norway bask in the radiant glow of the sun, witnessing sunset and dawn merge seamlessly without a moment of darkness in between.

Published On : April 26, 2024

Q .

India's Pharmaceutical Exports Surge to ____ Billion in FY24

$18

$23

$28

$35

Correct Answer : $28

India’s pharmaceutical exports witnessed robust growth in the fiscal year 2023-24, reaching $28 billion, marking a 10% increase compared to the previous fiscal year. Despite a 3% dip in total exports, the pharmaceutical sector demonstrated resilience and significant expansion.

Key Highlights

March Performance : Pharmaceutical exports in March soared by 12.73% to USD 2.8 billion, indicating a strong upward trajectory in the sector’s performance.

Year-on-Year Growth : Year-on-year, India’s drugs and pharmaceuticals exports escalated by 9.67%, totaling USD 27.9 billion in 2023-24, showcasing steady progress.

Top Export Markets : The United States, the United Kingdom, the Netherlands, South Africa, and Brazil emerged as the top five export destinations. Notably, the US accounted for over 31% of India’s total pharmaceutical exports.

Expansion into New Geographies : India’s pharmaceutical exports penetrated new markets including Montenegro, South Sudan, Chad, Comoros, Brunei, Latvia, Ireland, Chad, Sweden, Haiti, and Ethiopia, underscoring the sector’s growing global footprint.

Future Projections : Experts predict that India’s pharmaceutical industry could surpass USD 130 billion by 2030, driven by expanding market opportunities and rising demand overseas, as compared to the over USD 50 billion valuation in 2022-23.

Industry Standing : India’s pharmaceutical industry ranks third globally by volume and 13th by value, boasting a portfolio of more than 60,000 generic drugs across 60 therapeutic categories.

Government Initiatives : To bolster domestic manufacturing, the government has introduced two production-linked incentive (PLI) schemes targeting key pharmaceutical ingredients and generic medicines, aiming to enhance self-reliance and competitiveness in the sector.

Published On : April 26, 2024