BIHAR
Bihar heading for financial crisis, says CAG official
Bihar is heading towards a financial crisis as the state has shown trends of revenue deficit in the fiscal year 2019-2020, even though there was no pandemic, against the revenue surplus in fiscal 2018-19, said additional deputy (eastern region) Comptroller and Auditor General of India (CAG) Rakesh Mohan .
Revenue deficit is when the government has less income to meet its expenditure, whereas revenue surplus is when its net income is higher than projected expenditure.
The revenue deficit in 2019-20 is expected to be around ₹2000 crore as against the revenue surplus in 2018-19 of ₹6897 crore.
In 2018-19, the total budget was ₹2,09,490 lakh crore whereas the actual spending was ₹1.60 lakh crore. The saving was ₹49,000, which is 23% of the total budget. In 2019-20, there are projections that the state government could have saved more than 30%. Many departments have not been able to spend even 40% of their allotted funds. This is wrong because the budgets in the last few years are being prepared unrealistically without taking into account how much funds are available.
INTERNATIONAL
World Population Day – 11th July
World Population Day is discovered globally on eleventh July every year. This day is found to increase awareness amongst human beings about the affect of a developing population and troubles which include gender equality, the significance of household planning, poverty, maternal health, human rights, etc.
Theme: the impact of the Covid-19 pandemic on fertility
In 1989, World Population Day used to be installed by using the Governing Council of the United National Development Programme as an outgrowth of the activity generated with the aid of the Day of Five Billion, which was once found on eleven July 1987.
World Malala Day – 12th July
The United Nations has declared 12th July as World Malala Day to honour the younger activist, Malala Yousafzai. Malala Day is commemorated, the birthday of Malala Yousafzai, to honour girls and children’s rights around the world. On October 9, 2012, Malala was once shot in the head by Taliban gunmen after she publicly advocated for the education of girls. Despite the attack, Malala soon lowered back to the public eye, fiercer in her views than before and persevered in her advocacy for gender rights. She established the Malala Fund, a non-profit organization to help younger ladies go to school and also co-authored a e-book titled “I Am Malala”, a global bestseller.
In 2012, she was awarded the first-ever National Youth Peace Prize with the aid of the Pakistan government.
In 2014, at age 17, She grew to be the youngest-ever recipient of the Nobel Peace Prize in recognition of her efforts for children’s rights which had begun even before she was shot.
The UN has declared her as “the most well-known teenager in the world” in its Decade in Review document in late 2019.
NATIONAL
First LNG Facility Plant of India
The Union Minister inaugurated India’s first LNG facility in Nagpur, Maharashtra. Baidyanath Ayurvedic Group (private sector) has established the country’s first Liquefied Natural Gas (LNG) facility plant on Kamptee Road, near the Nagpur-Jabalpur Highway.
About Liquified Natural Gas (LNG):
♦ LNG is a clear, colourless, non-toxic liquid formed by cooling natural gas to -162oC (-260oF).
♦ The cooling process reduces the volume of the gas by 600 times, making storage and shipping easier and safer.LNG will not burn when it is liquid.
♦ When LNG arrives at its destination, it is converted back into a gas at regasification plants.
♦ It is then piped to homes, businesses, and industries to be burned for heat or electricity generation.
♦ LNG is also becoming a more cost-effective and environmentally friendly transportation fuel, particularly for shipping and heavy-duty road transport.
♦ It has the potential to reduce logistics costs while also creating numerous job opportunities.
♦ LNG is the fuel of the future, and it will transform the transportation industry.
Upstream of Polavaram Dam
A breach in the Godavari bund, located upstream of the Polavaram dam in Andhra Pradesh, was caused by increased inflows and stagnant backwaters.
About the Polavaram Irrigation Project:
♦ It is a multi-purpose irrigation project located in Andhra Pradesh near Polavaram village on the Godavari River.
♦ Once completed, it will provide irrigation benefits, generate hydroelectric power, and provide drinking water.
♦ It will make an inter-basin transfer to the Krishna river basin via its Right canal.
♦ Indirect benefits include the advancement of pisciculture (fish breeding and rearing), tourism, and urbanisation.
♦ In 2014, the union government designated the project as a national project (under Section-90 of Andhra Pradesh Reorganization Act, 2014).
The Godavari River flows from Trimbakeshwar near Nasik in Maharashtra to the Bay of Bengal.
♦ Drainage Basin: Maharashtra, Andhra Pradesh, Chhattisgarh, Odisha, as well as smaller portions of Madhya Pradesh, Karnataka, and Puducherry.
♦ Tributaries includes: Pravara, Purna, Wardha, Manjra, Wainganga, Penganga, Pranhita, Indravati, Maner, and the Sabri.
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