28.12.22 Daily [Uttarakhand] UKPSC Current Affairs

Uttarakhand Affairs

Centre nod to procure mandua, Uttarakhand’s indigenous grain

Accepting a proposal of theUttarakhandgovernment, the Centre has permitted the procurement of 9.6 million kg ofmandua(finger millet) in the first list for the crop year 2022-23.

Grown in the hills of Uttarakhand, mandua is a major source of earning for farmers. The minimum support price of mandua is fixed at Rs 3,574 per quintal. Chief minister Pushkar Singh Dhami termed it a major project, which could prove a “game changer” for the farmers. “We would like to thank the Union Government for accepting the proposal and now it is time our teams worked in coordination to ensure proper procurement of mandua,” he said.

In the first phase, the procurement scheme would be implemented in the mountainous areas of the state on the fixed minimum support price from the farmers of Almora and Pauri districts under the pilot scheme. In the first phase, the purchased mandua would be distributed under the in the districts in the plains — Udham Singh Nagar, Haridwar, Dehradun and Nainital. Around eight lakh families enrolled under the National Food Security Scheme of the above districts would be benefited from the scheme.

National and International Affairs

Indiawas among the top five markets, globally, in terms of equity fundraising despite the quantum of funds raised declining by 43 per cent. According to a report byKotak Investment Banking, funds to the tune of $16.4 billion were transacted via equity capital market (ECM) activity in India in 2022.

Indias outperformance comes on the back of a sharper decline in ECM activity in major markets such as theUnited Kingdom,Australiaand<a href="https://currentaffairs.adda247.com/india-and-japan-to-conduct-joint-exercise-to-strengthen-cooperation-in-air-DEFENCE/”>Japan. ECM activity globally took a hit on account of heightened volatility amid rising interest rates.

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