Nasha Mukt Bharat Abhiyaan: An Overview
Nasha Mukt Bharat
Abhiyaan: An Overview
Why In News
·
Empowering
Drug Addicts: Department of Social Justice & Empowerment's Nasha Mukt
Bharat Abhiyaan.
Key Points
·
The
Department of Social Justice & Empowerment signed an MoU with Art of Living
to enhance the effectiveness and reach of the Nasha Mukt Bharat Abhiyaan.
·
Ministry:
– Ministry of Social Justice & Empowerment
·
Launch
Year: – 2020
·
Implementing
Body: – Department of Social Justice & Empowerment
·
Objectives:
– The objectives of Nasha Mukt Bharat Abhiyaan include creating awareness about
substance abuse through activities such as awareness generation programs,
targeting schools and universities, identifying dependent populations in
communities, providing counseling and treatment facilities, and capacity
building for service providers.
·
Beneficiaries:
– Drug Addicted people in 272 vulnerable district in which program has been
launched.
·
Budget
Allocation: – Rs 10 Lakh per district.
ITC Overtakes Infosys to become India’s Sixth Most Valuable Company
ITC Overtakes Infosys to become India’s
Sixth Most Valuable Company
Why In News
·
ITC
overtakes Infosys in market capitalisation as shares continue to rally.
Key Points
·
ITC,
one of India’s largest FMCG conglomerates, has surpassed IT major Infosys to
become the country’s sixth most valuable company on the stock exchanges.
·
With a
market capitalization of Rs 5.11 lakh crore, ITC overtook Infosys on Monday
after overtaking HDFC Ltd on Friday.
·
This
achievement comes after ITC’s share price rose 59% over the past year and 24%
so far in 2023, making it the best performer in the benchmark Nifty50.
Meanwhile, Infosys shares have fallen by 20% in 2023, wiping off Rs 1.80 lakh
crore of investors’ fortunes, following its March quarter earnings below street
estimates.
ITC’s
growth potential sets it on course to overtake Hindustan Unilever
·
To
become the country’s fifth most valuable company, ITC will need to outperform
rival FMCG firm Hindustan Unilever (HUL), which currently commands an m-cap of
Rs 5.88 lakh crore.
·
However,
most analysts are optimistic that ITC shares will continue to rally, as its
various businesses are expected to perform better than its peers. Additionally,
95% of analysts tracking ITC shares on Bloomberg have a “buy” recommendation on
the stock.
·
CLSA,
a brokerage firm, maintained an Outperform rating on ITC with a target of Rs
430, citing the improvement in growth visibility in cigarettes aided by
stability in the tax structure.
·
“The
stock remains strong, and long-term fundamentals are intact. Besides, the
strong dividend yield offers support to the stock,” CLSA said.
Union Budget 2023-24 introduces MISHTI Scheme for Mangrove Conservation
Union Budget 2023-24 introduces MISHTI
Scheme for Mangrove Conservation
Why In News
·
Protecting
mangroves and empowering communities: India's MISHTI Scheme.
Key Points
Where
launched?
·
Finance
Minister Nirmala Sitharaman introduced a new MISHTI (Mangrove Initiative for
Shoreline Habitats & Tangible Incomes) scheme in the Union Budget 2023-24,
presented on Wednesday (February 1).
·
Ministry:
– Ministry of Environment, Forest and Climate Change (MoEFCC)
·
Launch
Year: – 2023
·
Objectives:
– The aim of the MISTHI (Mangrove Initiative for Shoreline Habitats &
Tangible Incomes) Scheme is to protect and revive mangrove ecosystems on the
Indian coast while enhancing the socio-economic status of nearby communities.
·
Beneficiaries:
– Mangrove
·
Funding:
– The Government of India covers 80% of the project cost, while the State
Governments contribute the remaining 20%.
IIT Bombay’s SHUNYA Takes Second Place in Solar Decathlon Build Challenge in the US
IIT Bombay’s SHUNYA Takes Second Place in
Solar Decathlon Build Challenge in the US
Why In News
·
IIT
Bombay's SHUNYA Takes Second Place in Solar Decathlon Build Challenge: The
SHUNYA team from IIT Bombay earned the second position in the Solar Decathlon
Build Challenge held in the US.
Key Points
·
The
SHUNYA team from the Indian Institute of Technology (IIT) Bombay earned the
second position in the Solar Decathlon Build Challenge held in the US.
·
They
designed a zero-energy house to tackle air pollution issues in Mumbai’s hot and
humid climate. SHUNYA is a group of students from IIT Bombay who are committed
to creating a sustainable future.
IIT
Bombay’s SHUNYA Takes Second Place in Solar Decathlon Build Challenge: Key
Points
·
Out of
32 teams from around the world, SHUNYA was the sole representative from India
in the contest.
·
The
team constructed a house with a 14-kW solar PV Plant and an innovative in-house
automation system.
·
The
automation system manages a dehumidifier system created specifically for the
weather patterns of coastal areas.
·
This
house utilizes water in an incredibly efficient manner due to its water-saving
fixtures, recycling system, and rainwater harvesting setup, using 80% less
water than a typical home.
·
Over
50 students from IIT Bombay‘s engineering, architectural, and management
departments, hailing from more than 16 departments, comprise the team.
About
Solar Decathlon Build Challenge
·
The
Solar Decathlon Build Challenge involves teams working for two years to create
and operate houses in their own region, with the ultimate goal of showcasing
innovative solutions for real-world problems in the building industry.
·
The
competition culminates in the Solar Decathlon Competition Event at the National
Renewable Energy Laboratory in April 2023, where teams were judged on the
successful operation of their houses and the excellence of their solutions by
industry experts.
·
Additionally,
teams are given the opportunity to showcase their work to the public through
local exhibitions, and winners receive national exposure through media outreach
efforts, benefiting both participants and their academic institutions.