Who inaugurated (14th July 2023) National Mega Conclave on FPO in New Delhi?

Daily Current Affairs

Narendra Modi

J. P. Nadda

Amit Shah

Arvind Kejriwal

Correct Answer : Amit Shah

Union Home Minister and Minister of Cooperation Amit Shah (14th July 2023) inaugurated the National Mega Conclave on Farmers Producer Organisation, FPO in the cooperative sector and released the action plan for formation of 1,100 new FPOs by Primary Agricultural Credit Societies in New Delhi 14th July 2023.

Mr Shah said, in such a large country, where about 65 crore people are engaged in agriculture, it has become very essential to revive the cooperative movement, modernize it and to bring transparency to achieve new heights.

Mr. Shah added that the cooperative movement can make a significant contribution towards strengthening the country's population associated with agriculture and making them prosperous by combining their small capital through cooperatives.

The Union Minister of Cooperation said that the government has announced to set up ten thousand FPOs and the target is to achieve this by the year 2027. He said the Central government has allocated 6 thousand 900 crore rupees to achieve this goal.

He pointed out that if agriculture, animal husbandry and fisheries are strengthened through cooperatives, employment opportunities will increase along with the GDP. Mr. Shah said that under the leadership of Prime Minister Narendra Modi, there has been an increase of 55 percent in Minimum Support Price of Paddy and 51 percent in MSP of wheat in 10 years.

He highlighted that the Modi government is the first government after independence which has fixed at least 50 percent more profit than the cost incurred by the farmers.

Mr Shah said that there has been a radical change in the agriculture sector in the Modi government and now the Ministry of Cooperation has been created so that its benefits reach the farmers. He said that according to the mantra of cooperative, the profit goes to the one who does hard work in fields and this has been ensured by the Ministry of Cooperation.

Source : AIR

Published On : July 15, 2023

Solar’s Ascendance in India :

In 2015, India ranked ninth in solar energy deployment, but by 2023, it produced 5.8% of its electricity from solar, up from 0.5% in 2015. This significant increase underscores India’s commitment to clean energy and its pivotal role in mitigating climate change.

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