IFFCO has recently tied up with which country for the export of Nano Liquid Urea?

Daily Current Affairs

USA

France

Australia

Germany

Correct Answer : USA

Indian Farmers Fertiliser Cooperative Ltd (IFFCO) on Thursday (22nd June 2023) said it has signed an agreement with California-based Kapoor Enterprises Inc for export of nano liquid urea to the US.

* The agreement comes at a time when Prime Minister Narendra Modi is on a state visit to the US.

* “IFFCO now started exporting world’s 1st Nano Urea invented & manufactured indigenously in India by IFFCO to USA. An agreement in regard of exporting IFFCO Nano Urea to USA is signed between IFFCO & Kapoor Enterprises Inc, California," the cooperative said in a statement.

* As of now, IFFCO exports more than 5 lakh bottles of nano liquid urea to more than 25 countries.

* In June 2021, IFFCO launched the world’s first nano urea fertiliser, while nano DAP in April this year (2023).

* A report by E&Y said that “Green House Gas (GHG) saving from the usage of 5 bottles of Nano Urea is equivalent to 1 tree planted."

* A 500 ml bottle of IFFCO nano urea liquid will replace at least one bag of conventional Urea. The bottle can significantly bring down the cost of logistics and warehousing.

* IFFCO have already sold more than 5.7 Crore bottles of the nano urea liquid in India since its commercial rollout. Both Nano Urea and Nano DAP are the game changing innovations of the agriculture industry leading to sustainable agriculture.

Source : Mint

Published On : June 23, 2023

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Global Solar Growth Trends :

Ember’s report highlights that solar energy witnessed a remarkable increase globally, with 2023’s solar generation exceeding six times that of 2015. The top four solar growth countries, including India, accounted for 75% of this growth, emphasizing the widespread adoption of solar power worldwide.

Published On : May 9, 2024

Q .

India's Toy Exports Slip to _____ Million in 2023-24

$102.92

$121.19

$139.53

$152.34

Correct Answer : Option (D) - $152.34

India’s toy exports experienced a slight decline to USD 152.34 million in the fiscal year 2023-24, with limited benefits from quality control measures. Despite efforts to bolster the domestic industry and ensure product safety, exports did not see significant improvement.

Declining Export Trends :

Export figures dropped marginally from USD 153.89 million in the previous fiscal year to USD 152.34 million in 2023-24, as outlined by the Global Trade Research Initiative (GTRI). Despite a modest increase in exports from FY’2020 to FY’2022, the subsequent year witnessed a downturn.

Import Trends :

Conversely, imports rose to USD 64.92 million in 2023-24 from USD 62.37 million in the preceding year, indicating a persistent challenge in balancing trade dynamics.

GTRI’s Recommendations :

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Published On : May 9, 2024

Q .

India Leads Global Remittances, Surpassing _____ Billion Mark.

$50

$100

$200

$250

Correct Answer : Option (B) - $100

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Consistent Growth: From $53.48 Billion to $111.22 Billion

The UN’s World Migration Report 2024 underscored India’s consistent growth in remittances, noting a rise from $53.48 billion in 2010 to $111.22 billion in 2022. This significant increase showcases India’s pivotal role in the global remittance landscape.

Southern Asia’s Significance in Global Remittances :

The IOM emphasized Southern Asia’s importance as a major recipient of global remittances, attributed to its high proportion of migrant workers and emigrants. India, Pakistan, and Bangladesh all ranked among the top ten recipients worldwide, highlighting the sub-region’s reliance on labor migration.

Prominent Migration Corridors and Destination Countries :

While India ranks 13th as a destination country for immigrants, it features prominently in various international migration corridors, including India-United Arab Emirates, India-Saudi Arabia, and Bangladesh-India, all of which are among the top 10. This indicates India’s significant role in global labor migration patterns.

Published On : May 9, 2024