1.China on Thursday opened its first highway with built-in wireless charging systems for electric vehicles in the country's Shandong province. The one-kilometre-long road contains over 10,000 photovoltaic panels that convert sunlight into electricity. China has become the world's second country to construct a photovoltaic highway after France which introduced a road fitted with solar panels in 2016.
2.In another significant step to combat climate change, the Ministry of Environment, Forest and Climate Change has approved a regional project on ‘Climate Resilience Building among Farmers through Crop Residue Management’ under the National Adaptation Fund for Climate Change (NAFCC). The project was approved at the meeting of the National Steering Committee on Climate Change, under the chairmanship of Secretary, Ministry of Environment, Forest and Climate Change, Shri C.K Mishra. The first phase of the project has been approved at a cost of approximately Rs. 100 Crore for the States of Punjab, Haryana, Uttar Pradesh and Rajasthan. The project will leverage approximately three times the approved amount with contribution from the States as well as farmers.
3.The Indonesian island of Bali has been a byword for tropical paradise, with tourists flocking from across the world to its perfect beaches.But now the island has declared a "garbage emergency" after its most popular tourist beaches were inundated with a rising tide of plastic waste.
4.The Securities and Exchange Board of India (SEBI) has tightened the norms for credit rating agencies (CRAs) and mutual funds (MFs) to reduce instances of conflict of interest. It also allowed complete integration of stock and commodity exchanges to enable both asset classes to be available for trading on a single platform.
Net worth norms :The SEBI board, which met on Thursday, increased the net worth requirement for rating agencies to ₹25 crore from the current ₹5 crore. It also decided that the promoter entity would have to maintain at least 25% stake in the rating agency for a period of three years.
5.Tata Sky, India’s leading content distribution platform, tied up with Ola Sunburn Festival 2017 ( PUNE ), one of the largest music festivals in the world, to bring its eclectic mix of music, entertainment, experiences, celebration and lifestyle straight to the small screens. Apart from live streaming Ola Sunburn Festival 2017,Tata Sky Mobile App will showcase nearly 500 hours of music fest content from over the years too, which will be open to all users, including non-subscribers.
6. The Uttarakhand forest department focusing on tiger conservation, the State is soon to get two new tiger reserves, work towards which is under way. The Nandhaur Wildlife Sanctuary, which falls under the Terai Arc Landscape spanning across India and Nepal, and the Surai Range in the Terai East division of the Uttarakhand forest department are the two proposed tiger reserves.
7.India will begin its four-yearly tiger census in January 2018 next year amid expectations that new data, set to be released in January 2019, would show a rise in big cat population.
The last all-India census occurred in 2014, when tiger numbers stood at 2,226 , up from 1,706 in 2010.With state surveys reporting notable increases, some estimate that the tiger population will cross 3,000 during the 2018 count.Top officials at the National Tiger Conservation Authority (NTCA) confirmed that the tiger census will happen in 2018 and the final numbers will be ready by January 2019.
8.India has the highest level of non-performing assets (NPA) among BRICS countries and is ranked fifth on a list of countries with the highest levels of NPAs, as per the report by CARE Ratings. The only countries ranked higher than India on the list are Greece, Italy, Portugal, and Ireland. All these countries, along with Spain, are commonly referred to as PIIGS, and have been victims of sovereign debt crises in recent years. At 9.85 percent, India’s NPA ratio is over 400 basis points higher. Spain is the only PIIGS country ranked lower than India on the list, with an NPA ratio of 5.28 percent.
9.Bank of Baroda entered into MoU with POORTI Agri Services Pvt. Ltd to enable the farmers to purchase agricultural inputs such as fertilizers, pesticides, seeds etc. provided by POORTI. This is a Platform for Online Ordering & Rural Transformation of India known as “POORTI”. Poorti is a well-established company providing multi-party mobile commerce platform for easy ordering of fertilizers, pesticides, seeds by farmers with loans given by banks.
10.An agreement for IBRD Credit of USD 40 Million from World Bank for “U.P. Pro-Poor Tourism Development Project” was signed between India and the World Bank. The programme size is approximately USD 57.14 million, of which USD 40 million will be financed by the Bank, and the remaining amount will be funded out of State Budget. The programme duration is 5 years. The Project Objective is to increase tourism-related benefits for local communities in targeted destinations. The major districts under attractions in Uttar Pradesh are Agra, Mathura, Vrindavan, Barsana and Govardhan in the Braj region.
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