16-17.10.22 Daily [Uttar Pradesh] UPPSC Current Affairs

To make Uttar Pradesh a textile hub, the Uttar Pradesh government has approved a new textile and garmenting policy to ensure development of all units through hand-holding and attracting private in this sector.

The decision was taken in the cabinet meeting held here on Thursday.

The cabinet has also approved the Uttar Pradesh Textile and Garmenting Policy-2022 and it authorised the chief minister to make any kind of amendment in it.

The main objective of the new policy is to establish the state as a global level garment manufacturing centre and Sustainable Development of all types of units related to textile Industry like handloom, powerloom, spinning, weaving, processing, and garmenting.

The specific objective of the policy is to attract private investment of Rs 10,000 crore in the textile and apparel sector, to create EMPLOYMENT opportunities for five lakh people, develop five textile and garment parks in the private sector, and to increase the income of handloom and powerloom weavers.

Under the new policy, 25 per cent capital subsidy will be provided to textile and garments units on investment made on purchase of Plants and machinery. Apart from this, additional capital subsidy will be reimbursed at the rate of 5 per cent to textile and garments units to be set up in Madhyanchal region of the state and at the rate of 10 per cent to textile and garments units to be set up in Purvanchal and Bundelkhand.

The PM-DevINE is in addition to the quantum of Resources available for the development of the NE region. It will not be a substitute for existing central and state schemes.

Modi said Modhera was known for the Sun temple, now it will also be known as solar-powered village.

Modhera is famous for its Sun temple, which is situated on the river Pushpavati. It was built by King Bhima-I of the Chaulukya dynasty in 1026-27.

According to the Gujarat government, which shared information in a series of tweets, over 1000 solar panels have been installed on the village houses, generating electricity round the clock for the villagers. Significantly they will be provided with solar electricity at zero cost.

New index shows governments worldwide stoked an inequality explosion during COVID-19 pandemic

Half of the poorest countries saw Health spendings drop despite the pandemic, while 95 percent of all countries froze or even lowered taxes on rich people and corporates

Rich and poor countries alike have exacerbated an explosion of economic inequality since the outbreak of the pandemic from 2020, reveals new research by Oxfam and Development Finance International (DFI).

The overwhelming majority of governments cut their of health, Education and social protection spending. At the same time, they refused to raise taxes on excessive profits and soaring wealth.

The2022 Commitment to Reducing Inequality Index(CRI Index) is the first detailed analysis into the type of inequality busting policies and actions that 161 countries might have pursued during the first two years of the pandemic.

China launched its first comprehensive solar probe, the Advanced Space-based Solar Observatory (ASO-S), according to the National Astronomical Observatory of the Chinese Academy of Sciences.

It’s the world’s first near-Earth satellite Telescope to simultaneously monitor solar flares, coronal mass ejections and the sun’s , according to Gan Weiqun, the satellite’s principal scientist from the Purple Mountain Observatory (PMO) under the Chinese Academy of Sciences (CAS).

The mission is a combination of several innovations such as the development of the solar-monitoring instrument installed on the satellite.