Current Affairs 20 & 21 March 2022

We are here for you to provide the important Recent and Latest Current Affairs  20 & 21 March 2022, which have unique updates of Latest Current Affairs 2022 events from all newspapers such as The Hindu, The Economic Times, PIB, Times of India, PTI, Indian Express, Business Standard and all Government official websites.

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India is on the rise with 222% growth in open access solar installations: Mercom India Report

India adds 1.2 GW open access solar capacity in 2021

According to Mercom India Research’s newly released report titled “Mercom India Solar Open Access Market Report Q4 & Annual 2021,” India has added 1.2 Giga Watts (GW) of new solar open access capacity in the calendar year (CY) 2021, marking a growth of 222% during the year.
As of December 2021, the cumulative installed solar capacity in the open access market was over 5 GW, whereas in the year 2020, India had an installed open access solar capacity of 383 Mega Watts (MW), which shows that there is a growth in the demand for open access solar installations.
The top 3 states in installation of open access solar capacities of the CY 2021 are Uttar Pradesh, Tamil Nadu and Maharashtra respectively.
Key Facts:
i. India added 298 MW of solar operations capacity in Q4 2021 and installations were 75% more compared to 2020.
ii. Uttar Pradesh had the maximum installations with 113 MW and accounted for 38% of the total capacity additions in Q4 2021.
>> Read Full News

Union MoS Jitendra Singh Releases India’s Arctic Policy in DelhiUnion Minister of State (MoS) for Earth Sciences, Dr Jitendra Singh released India’s Arctic policy titled ‘India and the Arctic: building a partnership for sustainable development’ in New Delhi.India is one of 13 nations holding Observer status in the Arctic Council.

  • It is available on the website of the Ministry of Earth Sciences (MoES) at
  • Thirteen Non-arctic States have been approved as Observers to the Arctic Council.They are France, Germany, Italy, Japan, The Netherlands, China, Poland, India, Republic of Korea, Spain, Switzerland, United Kingdom, Singapore.

i.To promote the agenda of strengthening national capabilities and competencies in science and environmental protection, maritime and economic cooperation with the Arctic region.
ii.To enhance understanding of the impact of climate change in the Arctic and deepen India’s participation in  climate, economic, and energy security related issues. It studies linkages between polar regions and the Himalayas.
About  Arctic Council:
Founded– 1996
Headquarters- Tromso, Norway 
Council  members (8)– eight Arctic states; Canada, Denmark, Finland, Iceland, Norway, Sweden, Russia and the U.S 
Observer states (13)-France, Germany, Italy, Japan, The Netherlands, China, Poland, India, Republic of Korea, Spain, Switzerland, United Kingdom, Singapore.
>> Read Full News

2nd India-Indonesia Security Dialogue held in Jakarta, Indonesia

On 17th March 2022, the second India-Indonesia Security Dialogue (IISD) was held in Jakarta, Indonesia.
The 2nd IISD was co-chaired by Ajit Doval, National Security Adviser (NSA) of India and Mohammad Mahfud, Coordinating Minister for Political, Legal and Security Affairs of Indonesia. 

  • Both have signed a Memorandum of Understanding (MoU) for Security Dialogue between the Coordinating Ministry for Political, Legal, and Security Affairs of Indonesia and the National Security Council Secretariat of India.

The IISD is a forum that brings together the Coordinating Minister for Political, Legal, and Security Affairs of Indonesia and the National Security Adviser of India to discuss and enhance cooperation between the two countries on political and security issues.
Key Points:
i.At the 2nd IISD, Mohammad Mahfud and Ajit Doval discussed several shared priorities between both countries, which included a review of the current global and security issues, countering terrorism and violent extremism, and enhancing maritime, defence, and cyber security cooperation.
ii.They also recognised the importance of traditional friendly relationships and the Comprehensive Strategic Partnership between India and Indonesia.
iii.This IISD will support strengthening cooperation between both countries and will help to overcome the common challenges and identify opportunities for close collaboration in the field of political and security issues.
Additional info:
The first IISD, held in 2018 in New Delhi, Delhi, was led by Ajit Doval, NSA of India and  H Wiranto Coordinating Minister for Political, Legal and Security Affairs of Indonesia. 
The 1st IISD agreed on operational cooperation in security and counter-terrorism. 
About Indonesia:
President– Joko Widodo 
Capital– Nusantara
Currency– Indonesian rupiah

Defence Minister inaugurates DRDO’s Flight Control System Integration complex in Bengaluru

The Union Defence minister, Rajnath Singh inaugurated a new Flight Control System (FCS) integration complex at the Aeronautical Development Establishment (ADE), Bengaluru Karnataka.  

  • The seven storey FCS Integration  building was constructed by  Defence Research and Development Organisation (DRDO) with the help of Larsen & Toubro (L&T) in an area of 1.3 lakh square feet with the record of 45 days in Bengaluru,Karnataka.
  •  It will be used as the research and development (R&D) activities to develop the avionics for fighter aircraft and FCS for the fifth generation Advanced Medium Combat Aircraft (AMCA).

What is Avionics? 
A  category of electronic systems and equipment specifically designed for use in aviation.
Key points:
i.The in-house developed hybrid technology used by DRDO for the construction of FCS Complex at the ADE.

  • Hybrid  technology consisted  of conventional, pre-engineered and precast methodology 

ii.The foundation stone for the project was laid on 22 November ,2021, and the construction began on 1 February , 2022. 
iii.It was built as per the standard national building code, the technical support was provided by teams from IIT (Indian Institute of Technology) Madras & IIT Roorkee.
Related information:
India and France are planning to sign a deal for the joint development of a 125 KN engine for the indigenous fifth generation AMCA project.

  • The collaboration is between DRDO  and French engine maker Safran.

About Defence Research and Development Organisation (DRDO):
Headquarters-New Delhi
Chairman– Dr G Satheesh Reddy

Progressive Reduction of MMR in India: Kerala Outperforms India’s Achievement in Reducing MMR

The Registrar General of India has released a Sample Registration System (SRS) special bulletin on Maternal Mortality Rate (MMR) for 2017–2019. India’s MMR has reduced to 103, a decrease of 10 points, when compared to the previous data of 113 in 2016–2018, a decline of about 8.8%.
i.Since India is showing a persistent decline in MMR from 130 in 2014–2016, 122 in 2015–17, 113 in 2016–18, and 103 in 2017–19, it will soon achieve the below 

  • National Health Policy (NHP) target for MMR of 100/lakh live births by 2020.
  • United Nations (UN) Sustainable Development Goal (SDG) target for MMR of 70/lakh live births by 2030.

ii.Kerala has recorded the lowest MMR of 30/lakh live births when compared to India’s MMR of 103, putting it far ahead of the nation.
iii.Three states such as Kerala, Maharashtra and Uttar Pradesh have shown a remarkable decline of more than 15% in their MMR.
iv.Four states namely West Bengal, Haryana, Uttarakhand and Chhattisgarh have shown an increase in MMR.
>> Read Full News

HAL & Safran sign to set up Helicopter Engines MRO Facility in Goa

Hindustan Aeronautics Limited(HAL) and Safran Helicopter Engines(Safran) are set to establish a new facility of Helicopter Engines MRO Pvt Limited (HE-MRO), a Joint Venture of HAL and Safran at Sattari, North Goa, Goa. 

HE-MRO Facility:
i.HE-MRO will be operational by the end of 2023 with a capacity to repair 50 engines a year and the full-capacity goal of 150 engines in upcoming years. 
ii.The facility has an expansion capacity for other engines in the future.
iii.The world-class MRO Centre of HE-MRO will provide MRO services for Safran TM333 and HAL Shakti engines installed on HAL-built helicopters to increase the operational readiness of the Indian Armed Forces.
iv.This centre will play a major role in building customer satisfaction and supporting the Government of India’s vision for aerospace MRO in India.
HAL & Safran signed MoU:
HAL and Safran have signed a strategic Memorandum of Understanding(MoU) to extend their cooperation and explore opportunities for new helicopter engines in civil and military markets. 
The MoU was signed by Florent Chauvancy, Executive Vice-President, OEM Sales & Marketing of Safran and Amitabh Bhatt, Chief Executive Officer (CEO) of  HAL.
About the MoU:
i.The MoU is in line with the commitment of the Government of India’s Atmanirbhar Bharat vision towards achieving self-reliance in defence technologies and MRO (Maintenance, Repair and Overhaul).
ii.The MoU will also focus to strengthen the partnership between Safran and HAL directly or through such joint venture on future helicopter engine technologies and platforms. 
Additional info:
i.Shakti, the Indian variant of the Safran Ardiden 1H1 co-developed with HAL, is installed on HAL’s Dhruv and Rudra. 
ii.It has also been selected to power the HAL-designed Light Combat Helicopter (LCH).
iii.The Ardiden 1U variant powers the new Light Utility Helicopter (LUH), a three-ton single-engine aircraft
iv.The engine was certified by the Directorate General of Civil Aviation(DGCA) (India) on 26th July 2021.
Indian armed forces are one of the largest operators of Safran designed helicopter engines, with more than 1000 engines, including 250 TM333 and over 500 Shakti.
About Hindustan Aeronautics Limited(HAL):
CMD– R Madhavan
Headquarters– Bengaluru, Karnataka

HSL, Eker Group, And Vaan Moto Collaborate to Build Speed Boats

Hindustan Shipyard Limited (HSL) has signed a tripartite agreement to produce speed boats with Eker Group of Norway and Vaan Moto of Kerala in order to explore new opportunities in the field of high-speed boat production and accelerate business growth.
i.The trio has entered into this Memorandum of Understanding (MoU) to build speed boats in India as part of India’s AtmaNirbhar Bharat initiative, which aims to make the country self-sufficient.
ii.Under this MoU, high-end boats are to be built with smart, flexible solutions with superior maneuverability that can be operated from shore up to a maximum speed of 75 knots. Additionally, it has a complement of four crew and four passengers and is equipped with navigation and communication gadgets.
iii.These platforms can easily adapt to the roles of Search and Rescue, surveillance, Anti-Submarine Warfare, Mine Countermeasures, ambulance, fire, harbour control and close protection.

  • Eker Group – a Norwegian Company which is a leading player in design, development and manufacturing and has long experience with industries like transportation, health and high technology electronics.  
  • Vaan Electric Moto Pvt Ltd., is a motor vehicle manufacturing company based in Kerala, India.

 About Hindustan Shipyard Limited (HSL):
A premier shipbuilding organization of India located on the east coast of Indian peninsula, at Visakhapatnam, Andhra Pradesh.
Chairman & MD – Hemant Khatri
Establishment – 1941

NMDC signs MoU with IIT Kharagpur for Drone-Based Mineral ExplorationIndia’s largest iron ore manufacturer National Mineral Development Corporation (NMDC) Limited has inked a Memorandum of Understanding (MoU) for Drone-Based Mineral Exploration with Indian Institute of Technology (IIT) Kharagpur.
This partnership will produce spectral products, methodologies, and algorithms for mining exploration employing drones (UAVs), which will lead to the development of software spectral tools for mineral excavation and mining technology capacity-building programmes.
 Key Points:
i.NMDC has been exploring a wide range of minerals, including the minerals mentioned under the United Nations Framework Classification for Fossil Energy and Mineral Resources (UNFC).
ii.With this collaboration, NMDC will become India’s first Central Public Sector Enterprise (CPSE) to perform Drone-based Geophysical Surveys and Hyperspectral Studies for Mineral Exploration, setting a new standard in the field of mineral exploration.
iii. NMDC is exploring for various minerals in Madhya Pradesh as well as diamonds in the Beloda – Belmundi block in Chhattisgarh. It is also the first CPSE in the Central Indian Diamond Province to use space geophysics, as well as the first to use online monitoring of data exploration on the BHUVAN platform.
iv.By launching a policy on drones, the Indian government has taken the first step in regulating and monitoring drone usage and operations in India, where they are now employed in agriculture, urban planning, forestry, mining, disaster management, surveillance, and transportation, among other industries.
About National Mineral Development Corporation (NMDC) Limited:
It is a Public Sector Undertaking (PSU) of the Government of India (GoI) and is administered by the Ministry of Steel.
Chairman & Managing Director – Sumit Deb
Establishment – 1958
Headquarters – Hyderabad, Telangana

Lok Sabha Speaker Addressed Valedictory Function of the 3rd National Youth Parliament Festival -2022

Lok Sabha Speaker Om Birla addressed the valedictory function of the 3rd edition of National Youth Parliament Festival(NYPF) –2022, held from 10th March to 11th March 2022, at the Central Hall of Parliament, New Delhi, Delhi. He also felicitated the 3 final winners at the National level of the 3rd NYPF. 

  • The NYPF is organised to hear the voice of the youth, who will join various careers in the coming years, including public services. The 1st edition was held in 2019 and the 2nd edition was held in 2020. 
  • The theme of the 3rd NYPF is “be the voice of New India and find solutions and contribute to Policy’

Minister for Youth Affairs & Sports, Anurag Singh Thakur and Minister of State for Youth Affairs & Sports, Nisith Pramanik were also present during the event. 


UN World Happiness Report 2022: India Ranks 136 out of 146; Finland Tops
As per the 10th United Nations’ World Happiness Report 2022, India’s rank has been improved by 3 spots to 136 out of 146 countries from 139 in 2021 with a score of 3.777.

  • For the 5th year in a row, Finland continues to occupy the top spot being the happiest country in the world.
  • Afghanistan was ranked as the unhappiest nation, followed by Lebanon, Zimbabwe, Rwanda and Botswana.

World Happiness Report 2022:

Rank Country Average Life Evaluation Score
136 India 3.777
Top 3 1 Finland 7.821
2 Denmark 7.636
3 Iceland 7.557
Bottom 3 144  Zimbabwe 2.995
145 Lebanon 2.955
146 Afghanistan 2.404

The top 5 rankings were occupied by Finland, Denmark, Iceland, Switzerland and the Netherlands. The US and UK were ranked 16th and 17th respectively. France improved to 20th rank, which is its highest ranking yet.
About United Nations (UN)
Headquarters – New York, USA
Establishment – 1945
Secretary-General – António Guterres
>> Read Full News


Moody’s Lowers India’s Growth Projection for 2022 to 9.1%, 2023 to 5.4%As per the Global Macro Outlook 2022-23 report of Moody’s Investors Service, it has lowered India’s GDP (Gross Domestic Product) growth forecast for 2022 by 0.4 percent to 9.1 percent from its earlier projection of 9.5 percent.

  • The growth forecast for 2023 was also lowered to 5.4 percent from the prior estimation of 5.5 percent.

Key Points:
i.The year-end inflation for India has been projected at 6.6 percent in 2022.
ii.The Indian economy grew 8.2 percent in 2021, after a contraction of 6.7 percent in 2020.
iii.G20 Economies’ Growth: Moody’s has also lowered G20 economies’ growth forecast to 3.6 percent in 2022 compared to an earlier estimation of 4.3 percent (in February) and the growth forecast for 2023 is projected at 3 percent.
iv.Moody’s ratings for India is currently Baa3 Stable.
Cause for lowering the growth projection:
i.Due to increased fuel and fertiliser imports, which could limit the Indian government’s capital expenditure.
ii.Russia’s invasion of Ukraine, which has modified the global economic backdrop, creates risks of damagingly high input costs and consumer inflation over a period due to increasing commodity prices driven by existing and expected supply shortages.
iii.The financial and business disruptions and rise in economic costs due to increased security and geopolitical risks.
About Moody’s Corporation:
Headquarters – New York, United States
President & CEO – Rob Fauber


Prof Narayan Pradhan Selected for 31st GD Birla Award for Scientific Research 

Professor Narayan Pradhan was selected for the 31st GD (Ghanshyam Das ) Birla Award for Scientific Research 2022 for his outstanding contribution in the field of material sciences. It was given by the KK Birla foundation.

  • Narayan Pradhan provided his expertise in crystal modulations to help design new shapes of  tiny lighting materials.
  • In 2021, Professor Suman Chakraborty, a faculty member at the Indian Institute of Technology (IIT), Kharagpur was  selected for the 30th GD Birla Award for Scientific Research.

i.The research was mainly focused on understanding the chemistry and physics of light-emitting semiconductor nanocrystals.
ii.The  research group contributed to the surface construction of the newly emerged light-emitting halide perovskite nanocrystals, which are expected to be the next-generation lighting materia for photovoltaics and making LEDs (Light Emitting Diodes). 
About Professor Narayan Pradhan:
i.Educational background- He graduated from Odisha’s Fakir Mohan College and obtained a  master’s degree in chemistry from the Ravenshaw University, Cuttack, Odisha.

  • He completed PhD from the Indian Institute of Technology (IIT), Kharagpur, in 2001. 

ii. In 2007, he joined the Indian Association for the Cultivation of Science as an assistant professor.

  • LNJ Bhilwara Nanoscience award,
  • DST Swarnajayanti Fellowship award, 
  • DST Nanoscience Young Career award, 
  • Oxford Nanoscientist award.

About the award:
i.It recognises eminent Indian scientists below the age of 50 years for their original and outstanding contributions to any branch of science.
ii.A cash prize of Rs 5 lakh is provided. The recipient is chosen by a Selection Board. 

  • Currently, the selection board is headed by  professor Chandrima Shaha, President of the Indian National Science Academy (INSA).

Miss World 2021: Poland’s Karolina Bielawska won 70th Edition of Miss World 

Karolina Bielawska from Poland has won the 70th edition of the Miss World (Miss World 2021) pageant that was held in Coca-Cola Music Hall, San Juan, Puerto Rico. 
She was crowned Miss World 2021 by 69th Miss World (Miss World 2019), Toni-Ann Singh of Jamaica. 

  • She is the 2nd woman from Poland to win the Miss World Title. Aneta Kreglicka, Miss World 1989, was the first. 

Indian-American Shree Saini who represented the United States of America(USA) in the pageant, is the 1st runner up at the Miss World 2021 followed by Olivia Yace of Côte d’Ivoire, 2nd runner up.
About Karolina Bielawska:
i.Karolina Bielawska, a student of Master’s degree in Journalism, is also a Model and Social Influencer, and the Chief Executive Officer(CEO) of Krok do Zivota (Step into Life), which supports children in orphanages. 
ii.She launched her foundation Krok do Zivota as her Beauty with a Purpose project. 
Continental Winners of Miss World 2021:

Category Country  Winner
Miss World Americas United States Shree Saini(1st Runner up)
Miss World Africa Côte d’Ivoire Olivia Yace(2nd Runner up)
Miss World Caribbean Dominican Republic Emmy Pena
Miss World Asia Indonesia Carla Yules
Miss World Europe Northern Ireland Anna Leitch 

Miss World – India:
i.Reita Faria Powel, Miss World 1966, was the first Indian to win the Miss World pageant. 
ii.Following Reita Faris, Aishwarya Rai won the title in 1994, Diana Hayden in 1997, Yukta Mookhey in 1999, Priyanka Chopra in 2000, and Manushi Chhillar in 2017. 
About Miss World:
i.Miss World, an annual beauty pageant, is one of the World’s largest and longest-running international beauty pageants. It was launched in 1951.
ii.The Miss World Organization owns and manages the annual Miss World Finals

Diebedo Francis Kere become First African to win Pritzker Prize in 2022Diebedo Francis Kere, An architect from Burkina Faso, West Africa has won the Pritzker Architecture Prize 2022. He is the 51st Laureate of the Pritzker Architecture Prize. It’s a most prestigious honour in the field of architecture. He is the first African to win the Pritzker Architecture Prize.

  • French architecture duo Anne Lacaton and Jean-Philippe Vassal won the Pritzker Architecture Prize in 2021.

Note- The First Indian Laureate of Pritzker Prize is Balkrishna Doshi (2018 Laureate).
About  Diebedo Francis Kere:
He is a  56 years old architect born in Burkina Faso. He is a dual citizen of two countries- Burkina Faso and Germany.
i.Diebedo Francis Kere, known for his  pioneering and sustainable designs of  schools, health facilities, housing, civic buildings, and public spaces across Africa.
ii.In 2017, he became the first African architect to design the Serpentine Pavilion in  Hyde Park, London, United Kingdom (UK). It is a prestigious assignment awarded each year to a prominent architect.
iii.He was also one of the architects behind Geneva’s International Red Cross and Red Crescent Museum.

  • Aga Khan Award for Architecture
  • Global Award for Sustainable Architecture

About Pritzker Architecture Prize:
It is granted annually and is often referred to as “architecture’s Nobel”.
First awarded- 1979
Sponsored by– Hyatt Foundation

Karnataka Bank bags ASSOCHAM Award’s ‘Best MSME Bank of the Year’

Karnataka Bank Limited (Karnataka Bank) has been honoured with ASSOCHAM Award’s Best MSME Bank of the Year (Private Category) award among the Private Sector Banks at the 8th (Micro, Small & Medium Enterprises) MSMEs Excellence Awards Ceremony and Summit, instituted by The Associated Chambers of Commerce and Industry of India (ASSOCHAM) – the apex trade body, at New Delhi, Delhi on 9th March 2022. 

  • B Gopalakrishna Samaga, Deputy General Manager of Karnataka Bank received the award in the Presence of Narayan T Rane, Union Minister of MSMEs. 

Note: The Summit was organised under the theme “Enabling Indian MSMEs to Go Global”.
Key Points:
i.Karnataka Bank, which has been focusing on the MSME sector with various digital products, has ensured the swift disposal of MSME credit proposals duly adhering to all quality standards.
ii.The bank has also actively participated in various public and private initiatives to promote the cause of MSME.
Other Major Award winners:

Category Winners
Best MSME Bank of the Year (PSU Category) Punjab National Bank
Best Technology Enabler of the Year Karur Vysya Bank Ltd
Excellent Services of the Year Satya MicroCapital Ltd

  • DCB Bank has been honoured with the “Excellent Services of the Year” – runner up award by ASSOCHAM at the event. 

Click here for a complete list of awardees
About Karnataka Bank Limited:
Karnataka Bank Limited is a leading ‘A’-Class Scheduled Commercial Bank in India. 
Incorporated on 18th February 1924 at Mangaluru, Karnataka. 
MD & CEO– Mahabaleshwara M.S
Headquarters– Mangaluru, Dakshina Kannada, Karnataka.
Tagline– Your Family Bank Across India 
About Associated Chambers of Commerce & Industry of India (ASSOCHAM):
ASSOCHAM is India’s oldest apex chamber. It has more than 400 associations, federations and regional chambers.
President– Vineet Agarwal 
Secretary General– Deepak Sood 
Headquarters– New Delhi, Delhi


ICICI Bank, Punjab & Sind to pick up stakes in bad bank NARCL

ICICI Bank and Punjab & Sind Bank have signed agreements to pick up stakes in National Asset Reconstruction Company Limited (NARCL).

  • ICICI Bank will be investing Rs 137.5 crore to acquire a 5% stake,and
    • Punjab & Sind Bank will put in Rs 55 crore for a 2% stake.

The equity investment will be done in tranches, and the 1st investment of Rs 28.18 crore is expected to be completed by 31st March 2022 and the final investment will be done to ensure prompt resolution, including recovery of NPA (non-performing assets) accounts.


American Golfer Tiger Woods Inducted Into World Golf Hall of Fame 2022

American born golfer, Eldrick Tont “Tiger” Woods has been inducted into World Golf Hall of Fame 2022 which located in United States. He has won 82 all-time Professional Golfers’ Association (PGA) TOUR, also Tiger Woods is tied with Sam Snead for the most wins in PGA TOUR history. Woods has also won 18 Major (PRO) championships. Woods accomplished the “Tiger Slam” in 2000-’01, he also is a two-time winner of THE PLAYERS Championship (2001, 2013) and became the first two-time winner of the FedExCup (2007, 2009). He has also won 7 consecutive PGA TOUR wins (2006-2007).
i.Susie Maxwell Berning, Tim Finchem, the late Marion Hollins and Tiger Woods were the inductees of World Golf Hall of Fame 2022.


Finance Minister Of Tamil Nadu Palanivel Thiaga Rajan Presented The Budget For FY 2022-23

The Finance Minister (FM) of Tamil Nadu (TN), Palanivel Thiaga Rajan presented the budget for Financial Year (FY) 2022-23. The state slashed the revenue deficit by over Rs 7,000 crore in 2022-2023 and the fiscal deficit will decline from 4.61 per cent to 3.80 per cent. 
i.The budget focused on education and agricultural sectors.
Debts, Revenue Expenditure and Receipts:
i.The projected total outstanding debt of the government as of March 31, 2023 is set to be Rs 6,53,348.73 crore (within the limits set by the 15th Central Finance Commission).
ii.Total revenue expenditure in the revised estimates (RE) 2021-22 has been estimated at Rs 2,59,150.97 crore as against budget estimates (BE) of Rs 2,61,188.57 crore.
iii.The total revenue receipts including the central transfers, are estimated to be Rs 231,407.28 crore in budget 2022-23.  
iv.The state’s Own Tax Revenue (SOTR) is estimated to be Rs 142,799.93 crore for 2022-23.
v.The revenue growth of the value added tax (VAT) has not been achieved since the implementation of the Goods and Services Tax (GST) Act.
Schemes And Implementations:
i.The Government has allocated Rs 5,157.56 crore to provide free electricity to all farmers across the state.
ii.With the allocation of Rs 698 crore, the government provides a monthly incentive of Rs 1000  for college education of girl students who studied classes from 6 to 12 in government schools.
iii. ‘Thalikku Thangam’ scheme, which provided gold and financial assistance for women’s marriages, has been reshaped into a Higher Education Assurance Scheme.
iv.Rs 7,000 crore will be used to modernise government schools over five years.
Other Schemes:
i.With a budget of Rs 15.32 crore with Union and State Government fund, Sustainable Cotton Cultivation Mission is implemented to enhance the Cotton yield during the year 2022-23.
ii.The government has allocated Rs 33,007.68 crore to the Agriculture department for the year 2022-23.
iii.Measures to increase soybean cultivation in Tanjore, Salem, Tiruvallur, Nellai and Villupuram districts of the state.
iv.The government will also allocate Rs 5 crore as additional 20 percent of subsidy to Scheduled Caste (SC) and Scheduled Tribes (ST) farmers.
About Tamil Nadu:
Chief Minister – Muthuvel Karunanidhi Stalin
Finance Minister – Palanivel Thiaga Rajan 


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Current Affairs Today (AffairsCloud Today) Current Affairs  20 & 21 March 2022
1 India is on the rise with 222% growth in open access solar installations: Mercom India Report
2 Union MoS Jitendra Singh Releases India’s Arctic Policy in Delhi
3 2nd India-Indonesia Security Dialogue held in Jakarta, Indonesia
4 Defence Minister Inaugurates New Flight Control System integration Complex to Develop Avionics for AMCA in Bengaluru
5 Progressive Reduction of MMR in India: Kerala Outperforms India’s Achievement in Reducing MMR
6 HAL & Safran to set up Helicopter Engines MRO Facility in Goa
7 HSL, Eker Group, And Vaan Moto Collaborate to Build Speed Boats
8 NMDC signs MoU with IIT Kharagpur for Drone-Based Mineral Exploration
9 Lok Sabha Speaker Om Birla Addressed Valedictory Function of the 3rd National Youth Parliament Festival -2022
10 UN World Happiness Report 2022: India Ranks 136 out of 146; Finland Tops
11 Moody’s Lowers India’s Growth Projection for 2022 to 9.1%, 2023 to 5.4%
12 Prof Narayan Pradhan Selected for 31st GD Birla Award for Scientific Research
13 Miss World 2021: Poland’s Karolina Bielawska won 70th Edition of Miss World
14 Diebedo Francis Kere become First African to win Pritzker Prize in 2022
15 Karnataka Bank bags ASSOCHAM Award’s ‘Best MSME Bank of the Year’
16 Punjab & Sind Bank to Buy 2% Stake in NARCL for Rs 55 crore
17 American Golfer Tiger Woods Inducted Into World Golf Hall of Fame 2022
18 Finance Minister Of Tamil Nadu Palanivel Thiaga Rajan Presented The Budget For FY 2022-23

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