KERALA
- Kerala Assembly begins special one-day session to discuss floods impact
- The Kerala Assembly began a special one-day session to discuss the impact of the devastating floods of the past fortnight and the way forward for the State.
- The State was plunged into a crisis of unprecedented magnitude as a limited area of the State had received three times the rains forecast by the India Meteorological Department within a short span of time. The State was able to keep the loss of lives to the minimum only because of the massive involvement of very ordinary people and diverse agencies, including Central forces, had rushed in to save lives. The loss of property and livelihood options of the people was beyond estimation now.
- The State would also have to think hard about the kind of reconstruction it should go in for. Any recommendation effort would have to be in tune with the ecology of the State.
INTERNATIONAL
- Global Finance names DBS world’s best bank
- DBS Bank has become the first Singaporean and Asian winner of Global Finance Magazine’s Best Bank in the World Award, unseating last year’s winner ING.
- This came after DBS was named Asia’s top bank in May, replacing 2017 winner ICBC, in the magazine’s annual World’s Best Bank awards.
- India and the World Bank sign $300 Million Agreement for India’s Energy Efficiency Program
- The Government of India and the World Bank signed a $220 million Loan Agreement and a $80 million Guarantee Agreement for the India Energy Efficiency Scale-Up Program.
- The Program, to be implemented by the Energy Efficiency Services Limited (EESL), will help scale-up the deployment of energy saving measures in residential and public sectors, strengthen EESL’s institutional capacity, and enhance its access to commercial financing.
- The investments under the Program are expected to avoid lifetime greenhouse gas emissions of 170 million tons of CO2, and contribute to avoiding an estimated 10 GW of additional generation capacity
NATIONAL
· Cabinet approved Rs.1,623 crore to set up more disaster warning systems
- The Cabinet Committee on Economic Affairs cleared at an outlay of 1,623 croreto get more disaster warning systems and desalination plants along Indian coasts. The system will be functioning under the programme called O-SMART (Ocean Services,Technology, Observations, Resources Modelling and Science). O-SMART is monitored by the Union earth sciences ministry.
- O-SMART provides economic benefits to a number of user communities in the coastal and ocean sectors, namely, fisheries, offshore industry, coastal States, defence, shipping, ports, etc.
- ISRO to send first Indian into Space by 2022
- As announced by Prime Minister Shri Narendra Modi during his Independence Day address, India’s first Indian human mission will be launched by Indian Space Research Organisation (ISRO) by 2022.
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