Daily Archives: October 12, 2022

NATIONAL MINERAL EXPLORATION TRUST (NMET)

With an objective to boost the mineral exploration activities in the country, Central Government established ‘National Mineral Exploration Trust’ (NMET) which since its inception has been funding various Notified Exploration Agencies to carry out exploration projects across the country. Accordingly, NMET has issued General Instructions dated 24th February, 2021 to NEAs …

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INDIAN STARTUPS WILL SOON LAUNCH SPACE SATELLITES

Union Minister of State (Independent Charge) Ministry of Science and Technology, MoS PMO, Space and Atomic Energy, Dr Jitendra Singh said today that Indian StartUps will soon launch Space satellites as well as satellite constellations and try their rockets. The Minister also informed that five PSLVs are being domestically produced …

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INDIA’S GEOSPATIAL ECONOMY

India’s geospatial economy is expected to cross Rs 63,000 crore by 2025 at a growth rate of 12.8% and to provide employment to more than 10 lakh people mainly through Geospatial Start-Ups. This was stated here today by Union Minister for Science and Technology and Ministry of Earth Sciences, Dr …

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ISRAEL AND LEBANON REACH AN AGREEMENT ON MARITIME BORDER

Israel said on Tuesday it has reached a U.S.-brokered agreement with Lebanon to settle their long-disputed maritime border, hailing a “historic achievement” that potentially unlocks significant offshore gas production for both countries. Negotiations between the neighbouring countries, which are still technically at war, had suffered repeated setbacks since their launch …

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DELAY IN ANNOUNCING MSP FOR ONGOING RABI SEASON

Farmers’ organisations have questioned the delay in announcing the minimum support price (MSP) for crops in the ongoing Rabi season even as sowing has started in several States. Farmers point out that announcing the MSP is important so that they can select the crops that have to be sown during …

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CHANDRACHUD NOMINATED AS NEXT CHIEF JUSTICE OF INDIA

Chief Justice of India U.U. Lalit nominated Justice D.Y. Chandrachud as his successor in a brief meeting held at the Supreme Court judges’ lounge in the presence of all judges of the court on Tuesday. Chief Justice Lalit’s recommendation to the government would start the process for appointment of Justice …

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RIGHT TO INFORMATION (RTI) ACT

A good 17 years after India got the Right to Information (RTI) Act, the transparency regime in the country remains a mirage with nearly 3.15 lakh complaints and appeals pending with 26 information commissions across India. According to a report by SatarkNagrikSangathan, backlog of appeals or complaints is increasing in …

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IMF CUTS INDIA’S GROWTH FORECAST TO 6.8%

The world, including India, will experience an overall slowdown in the next year owing to the impact of the Russia-Ukraine war, tightening monetary conditions globally, the highest inflation in decades, and lingering effects of the pandemic, according to the International Monetary Fund. India is projected to grow at 6.8% in …

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