IMFL prices set to reduce by Rs 10 in state
India Made Foreign Liquor (IMFL) brands are likely to become marginally cheaper in Jharkhand later this month as the state’s excise and prohibitions department has decided to rollback a the special cess it had imposed to shore up revenues during the peak of Covid-19 pandemic.
The Covid-19 cess, which was fixed at 10% of the maximum retail price, will be rolled back and the move is likely to increase the profit margin of the state’s licensed retail liquor sellers.
Notably, the excise department’s hike in prices, which was aimed at compensating revenue losses, came as a bane for liquor sellers as the retail sales had plummeted.
First ASEAN-India Hackathon 2021 Concludes
The first-ever ASEAN-India Hackathon was organised from February 01-04, 2021, by the Ministry of Education in collaboration with the Ministry of External Affairs.
The All India Council for Technical Education (AICTE) implemented the initiative with the support of nodal agencies from all ten ASEAN countries.
The ASEAN-India Hackathon 2021 aimed at enhancing the cooperation between India and ASEAN countries in science, technology, and education, through collaboration.
Nigeria’s Okonjo-Iweala set to become first female Chief of WTO
Nigerian economist Ngozi Okonjo-Iweala, has been chosen as the next Director General of the World Trade Organization (WTO).
She would be the first woman as well as the first African national to lead the organization.
Okonjo-Iweala, the former finance minister of Nigeria, will succeed Roberto Azevedo, who stepped down in August 2020.
Pakistan Launched Surface-To-Surface Ballistic Missile Ghaznavi
The strike capability of ballistic missiles can reach 290 kilometres.
The Ghaznavi missile was launched to commemorate the culmination of the Army Strategic Forces Command’s annual field training exercise.
The Ghaznavi ballistic missile can launch nuclear warheads and conventional warheads with a range of up to 290 kilometres.
The missile has been tested for day and night modes.
Pakistan also tested the nuclear-capable surface-to-surface ballistic missile Shaheen-III on January 20, 2021. The missile has a range of up to 2,750 kilometres.
Reliance Industries gets world’s first ‘carbon-neutral’ oil from US
Billionaire Mukesh Ambani-owned Reliance Industries Ltd has received the world’s first consignment of ‘carbon-neutral oil’ from Oxy Low Carbon Ventures (OLCV), a division of United State oil major Occidental.
This feat will further help the oil major to accomplish its target of becoming a net zero-carbon company by 2035.
The Very Large Crude Carrier (VLCC) Sea Pearl containing the carbon-neutral oil from the Permian basin, unloaded the cargo at Jamnagar on January 28, 2021.
It must be noted that Reliance operates the world’s largest single-location oil refining complex at Jamnagar in Gujarat with a capacity of 68.2 million tonnes a year.
Stardust 1.0: The First Rocket To Use Biofuels
Stardust 1.0 was launched from Loring Commerce Center, a former military base in Maine, USA.
This is the first commercial space launch driven by biofuels. Compared with traditional rocket fuels, biofuels are non-toxic to the environment.
Stardust 1.0 is a launch vehicle suitable for students and budget payloads.
The rocket is 20 feet high and mass about 250 kg.
The maximum payload mass of the rocket is 8 kg.
These rockets will help launch small satellites called CubeSats into space in a way that is relatively cheaper and less toxic to the environment than using traditional rocket fuel.
Initiatives in National Handloom Development Programme (NHDP)
National Handloom Development Programme is a central sector scheme that aims to support weavers inside and outside the cooperative fold, including Self-Help Groups, NGOs, etc.
This is a central sector scheme that aims to support weavers inside and outside the cooperative fold, including Self-Help Groups, NGOs, etc.
It follows a demand-based approach to the integrated and holistic development of handlooms and the welfare of handloom weavers.
It supports weavers in obtaining raw materials, design inputs, technology upgrades, marketing, providing support through exhibitions, and establishing permanent infrastructure in the form of Urban Haats, marketing complexes, and development of web portals for e-marketing of handloom products.