16-17.10.22 UKPSC Daily Current Affair

Uttarakhand CM approves revolving fund for jail development board, releases initial amount of Rs 1 crore
Chief minister Pushkar Singh Dhami has agreed to set up a revolving fund for jail development board in Uttarakhand and directed to release an initial amount of Rs 1 crore.
The revolving fund would be used to encourage entrepreneurship and self-employment among prisoners. On the other hand, efforts would be made to ensure that the government departments use products made by the jail inmates.
China launches Kuafu-1, its first comprehensive solar probe
China launched its first comprehensive solar probe, the Advanced Space-based Solar Observatory (ASO-S), according to the National Astronomical Observatory of the Chinese Academy of Sciences.
It’s the world’s first near-Earth satellite telescope to simultaneously monitor solar flares, coronal mass ejections and the sun’s magnetic field, according to Gan Weiqun, the satellite’s principal scientist from the Purple Mountain Observatory (PMO) under the Chinese Academy of Sciences (CAS).
The mission is a combination of several innovations such as the development of the solar-monitoring instrument installed on the satellite.
The Commitment to Reducing Inequality Index 2022
New index shows governments worldwide stoked an inequality explosion during COVID-19 pandemic
Half of the poorest countries saw health spendings drop despite the pandemic, while 95 percent of all countries froze or even lowered taxes on rich people and corporates
Rich and poor countries alike have exacerbated an explosion of economic inequality since the outbreak of the pandemic from 2020, reveals new research by Oxfam and Development Finance International (DFI).
The overwhelming majority of governments cut their shares of health, education and social protection spending. At the same time, they refused to raise taxes on excessive profits and soaring wealth.
The 2022 Commitment to Reducing Inequality Index (CRI Index) is the first detailed analysis into the type of inequality busting policies and actions that 161 countries might have pursued during the first two years of the pandemic.
PM Modi declares Modhera as India’s first 24×7 solar powered village

Modi said Modhera was known for the Sun temple, now it will also be known as solar-powered village.
Modhera is famous for its Sun temple, which is situated on the river Pushpavati. It was built by King Bhima-I of the Chaulukya dynasty in 1026-27.

According to the Gujarat government, which shared information in a series of tweets, over 1000 solar panels have been installed on the village houses, generating electricity round the clock for the villagers. Significantly they will be provided with solar electricity at zero cost.

Prime Minister’s Development Initiative for North East Region (PM-DevINE)
Recently, the Union Cabinet approved a new Scheme, Prime Minister’s Development Initiative for North East Region (PM-DevINE).
PM-DevINE was announced in the Union Budget 2022-23 to address development gaps in the North Eastern Region (NER).
It is a Central Sector Scheme with 100% Central funding.
The new scheme, to be implemented during the remaining four years of the 15th Finance Commission from 2022-23 to 2025-26 have an outlay of Rs.6,600 crore.
The PM-DevINE is in addition to the quantum of resources available for the development of the NE region. It will not be a substitute for existing central and state schemes.
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