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Banking & Finance
Hydropower Projects: Today Current Affairs in English
Prime Minister Narendra Modi has laid the foundation for Rs 11000 crore worth of hydropower projects in Mandi, Himachal Pradesh. He broke the ribbon on the Sawra-Kuddu Hydro Power Project, a 111 megawatt (MW) project that cost Rs 2,080 crore to construct. He also laid the foundation for the Renukaji Dam, which had been in the works for more than three decades. The construction of the 40-megawatt facility is expected to cost over Rs 7,000 crore. The Lohri Stage 1 Hydro Power Project and the Dhaulasidh Hydro Power Project, the first hydroelectric project in the Hamirpur area, are among the other projects.
Defense
Defense Agreement: Latest in Current Affairs
Japan and Australia will sign a defense pact on January 6, 2022, to strengthen security and defense cooperation. The agreement’s signing is regarded as “historic.” This is done to enrage China. The goal of the agreement is to broaden Quad’s agenda. As a result of the deal, China’s influence in ASEAN will be reduced. It will contribute to a free and open Indo-Pacific. Sharing military facilities, landing rights, guaranteeing port access, logistic assistance, legal frameworks, and logistic support are all part of the pact. As a result, Japan’s sophisticated F-35 fighter jets may now train on Australian land. Submarines from Australia can now operate in Japanese seas. The countries can work together to develop special forces. Both Japan and Australia want to keep the United States involved in the Indo-Pacific.
National
India’s new ambassador: 01 January 2022 Current Affairs
Anupam Ray has been selected as India’s next permanent representative to the UN Conference on Disarmament in Geneva. Ray, an Indian Foreign Service officer from the 1994 batch, is a joint secretary in the MEA’s Delhi headquarters. Pankaj Sharma’s successor is Ray. Sharma, an Indian Foreign Service officer from the 1991 class, has been named the country’s new ambassador to Mexico. The Permanent Mission of India to the United Nations is led by the Permanent Representative, who is also India’s UN ambassador in Mexico City.