Current Affairs May 18th 2018 – (General Awareness)

General Awareness, English, Reasoning forms the basics of any government exams, be it UPSC, SSC, Banking, or any competitive exams, but many students lack the most crucial part of any exam, i.e., Current Affairs. So what we aim here is to bring for our readers The Current Affairs May 18th, 2018 in the easiest and best arranged to Exams pattern.

Cabinet accepts National Policy on Biofuels, 2018

The Union Cabinet has declared National Policy on Biofuels — 2018 to promote biofuels from the country. Cabinet approves National Policy on Biofuels, 2018

Explanation –

  • Utilization of surplus food grains: The policy allows the use of excess food grains for production of ethanol for blending with petrol with acceptance of National Biofuel Coordination Committee.
  • This Is going to ensure farmers get appropriate price for their produce during the surplus production phase.
  • Synergising efforts: It predefines roles and duties of all the concerned Ministries and Government Departments concerning biofuels to synergize efforts.
  • Advanced Biofuels: Second Generation (2G) ethanol, Municipal Solid Waste (MSW) to drop-in fuels, Third Generation (3G) biofuels, bio-CNG, etc..)
  • The policy supports setting up of distribution chain mechanisms for preventing production from non-edible oilseeds, used cooking oil, brief gestation crops.
  • Biofuels in India is of strategic significance as it augers well with ongoing initiatives of Authorities such as Make at India, Skill Development, and Swachh Bharat Abhiyan.
  • The coverage categories of biofuels to enable expansion of proper financial and fiscal incentives under every category

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Pradhan Mantri Krishi Sinchayee Yojana approved under NABARD

The Cabinet Committee on Economic Affairs (CCEA) Accepted initial corpus of Rs.5,000 crore for setting up of dedicated Micro Irrigation Fund (MIF) in NABARD (National Bank for Agriculture and Rural Development) under Pradhan Mantri Krishi Sinchayee Yojana (PMKSY).Pradhan Mantri Krishi Sinchayee Yojana: Cabinet approves Micro Irrigation Fund under NABARD

 

Explanation –

  • The allocation of MIF beneath PMKSY is planned in installments of Rs 2,000 crore and Rs 3,000 crore in 2018-19 and 2019-20.
  • Underneath it, NABARD will expand loans to state governments during this period.
  • The lending rate under MIF suggested about 3% lower than the cost of raising fund by NABARD.
  • States will pay back loans in total seven years period, such as grace period of two decades.
    The total financial implication on interest subvention from MIF will probably be about Rs. 750 crore.

Benefits

The dedicated MIF will supplement efforts of Per Drop More Crop (PDMC) Part of PMKSY in a successful and timely manner.

It will help to bring about ten lakh ha of land under irrigation via innovative composite, cluster, and community-based micro-irrigation projects using additional investment in MIF.

The MIF will ease states to mobilize resources to their initiatives, such as added (leading up subsidy) in the implementation of PMKSY-PDMC to achieve the yearly target of about 2 Million ha per year during remaining period of 14th Finance Commission under PDMC component of PMKSY as recommended by Group of Secretaries.

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Network for Spectrum Project for Defence Services: CCEA approved enhancement of budget

The Cabinet Committee on Economic Affairs (CCEA) has given its approval for improvement of the budget by Rs.11,330 crore for Network For Spectrum (NFS) project.Network for Spectrum Project for Defence Services: CCEA approves enhancement of budget

Explanation –

  • This budget is over and over Rs.13,334 crore already sanctioned by Cabinet Committee on Infrastructure in July 2012.
  • With this, the total budget for the network for Defence services has now become Rs. 24,664 crore.
  • Network For Spectrum (NFS) jobThe NFS project aims at laying alternate communication system for Defence Services.
  • NFS project will boost the communication capacities of Defence Forces.
  • Insignificant way, it will lead to improved national operational preparedness.
  • It will also have forward linkages to other associated industries such as telecom equipment manufacturing and other telecommunication related services.
  • The project is implemented by Bharat Sanchar Nigam Limited (BSNL) and is going to last for two years period.

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Cabinet approves setting up of new AIIMS in Deoghar, Jharkhand

The Union Cabinet has approved setting up of a new All India Institute of Medical Sciences (AIIMS) at Deoghar, Jharkhand Beneath Pradhan Mantri Swasthya Suraksha Yojana (PMSSY).Cabinet approves setting up of new AIIMS in Deoghar, Jharkhand

Explanation –

It’ll serve the double purpose of supplying super specialty health care to people and help to make a sizable pool of physicians, and other health workers in this region available for primary and secondary-level institutions and healthcare centers is to be included under the National Health Mission (NHM).

Key Points

  • AIIMS at Deoghar will include the hospital with the potential of 750 beds, trauma center centers, the medical school with in-take of 100 MBBS students per year and nursing college with an intake of 60 B.Sc (Nursing) students per year.
  • It will also have residential complexes and allied services and facilities, broadly on a routine of AIIMS, New Delhi.
  • It is going to also have 20 Speciality and Super Speciality Departments such as 15 Operation Theatres.
  • It will also include Ayush Department with 30 beds for supplying treatment facilities in the traditional system of medicine.

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