Current Affairs 27 October 2022

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NATIONAL AFFAIRS

MoAFW set up Committees for technology-based Crop Yield Estimation & Improvement of Weather Data Infrastructurei.On October 21, 2022, the Ministry of Agriculture & Farmers Welfare (MoAFW) has set up following two committees to reduce the delay in crop loss/damage estimation and ensure timely settlement of claims by farmers.

• Committee for nationwide implementation of technology-based crop yield estimation
• Committee for standardization and improvement of weather data infrastructure

ii.Both committees will be headed by the Director of Mahalanobis National Crop Forecast Centre (MNCFC), Dr. C. S. Murthy (Current). The Central Government envisages using technology for crop insurance scheme from 2023.
About Mahalanobis National Crop Forecast Centre (MNCFC):
Parent Ministry– Ministry of Agriculture & Farmers Welfare
Headquarters– New Delhi, Delhi
>> Read Full News

Greenko & Keppel Sign MoU: India to Export Green Energy to Singapore from 2025Keppel Infrastructure Holdings Pte Ltd (Keppel Infrastructure) and Greenko Group (Greenko), through their respective subsidiaries Keppel New Energy Ventures Pte Ltd and Greenko ZeroC Private Limited, have signed a Memorandum of Understanding (MoU) to jointly explore green ammonia and renewable energy prospects in order to meet the growing demand for low carbon energy in India, Singapore, and globally.

• According to the MoU, India will for the first-time, begin exporting green energy in 2025, with the first shipments going to a power plant in Singapore.

The Government of India (GoI) intends to allocate around Rs. 6,000 crore each for Production-Linked Incentive (PLI) schemes for electrolyzers and green hydrogen from the Rs. 20,000 crore green hydrogen mission.

• By 2030, India’s total hydrogen demand is expected to reach 11.7 million metric tonnes (mmt) from the current level of 6.7 mmt.

i.In accordance with the MoU, Keppel Infrastructure and Greenko will work together to build a facility that can produce at least 250,000 tonnes of green ammonia annually, which will be used to fuel Keppel’s new 600 MW (megawatt) power plant in Singapore.
About Greenko Group
Founder, Chief Executive & MD – Anil Kumar Chalamalasetty
Establishment – 2006
Headquarters – Hyderabad, Telangana
>> Read Full News

NIIO under Indian Navy & Drone Federation Partners to Promote Indigenous Drone TechnologyThe Technology Development and Acceleration Cell(TDAC) of the Naval Innovation and Indigenisation Organisation (NIIO) under the Indian Navy have partnered with the Drone Federation of India(DFI) to promote indigenous development, manufacturing and testing of a drone, counter-drone, and associated technologies for the Indian Navy.
Features of the collaboration:
i.As a part of this partnership, the Indian Navy and the DFI will increase the Navy-industry-academia synergy, and source technology development challenges towards component indigenisation.
ii.This partnership will support in the development of deeper industry connections and help the Indian Navy to create an enhanced roadmap for the induction of drone platforms in a time-bound manner.
iii.The maritime testing site developed under this initiative will enhance the development of versatile and reliable drone platforms for advanced maritime uses like, maritime patrol, drone landings on moving ships, ship-to-ship deliveries, and ship-to-shore deliveries.
Key Points:
i.To facilitate faster development and testing of drones, particularly in maritime environments, a special maritime drone testing site is set to be designated for the Indian drone industry.
ii.Programs on sensitisation and skill development will also be undertaken as a part of this partnership.
About Drone Federation of India(DFI):
The Drone Federation of India (DFI) is a non-government, not-for-profit, industry-led body.
It promotes and works towards building a safer and more scalable unmanned aviation industry in India.

DGCA grants aerodrome licence to Odisha’s Jeypore Airport

On 20th October 2022, The Directorate General of Civil Aviation(DGCA) granted aerodrome licence to Jeypore airport in Odisha.
i.To carry out commercial flight operations under the regional connectivity scheme UDAN, or Ude Desh ka Aam Naagrik.
ii.Under UDAN, 68 underserved/unserved destinations which include 58 Airports, eight heliports and two water aerodromes have been connected.
iii.Jeypore became the first state-owned airport to get the licence

INTERNATIONAL AFFAIRS

WHO Releases First-Ever ‘WHO Fungal Priority Pathogens List’The World Health Organization (WHO) has released the “WHO Fungal Priority Pathogens List” (WHO FPPL), a report that highlights the first-ever list of fungal “priority pathogens,” a catalogue of the 19 fungi that pose the greatest harm to public health.

• The report is based on research conducted by the University of Sydney in Australia.

‘WHO Fungal Priority Pathogens List’ (WHO FPPL)
The WHO FPPL is the first global initiative to systematically prioritize fungal pathogens based on unmet Research & Development (R&D) requirements and perceived public health importance.

• Aim: To focus and promote more research and policy measures to boost the global response to fungal infections and antifungal resistance.

Three Priority Categories: The WHO FPPL is divided into three categories: Critical, High and Medium Priority.

• The fungal pathogens in each priority category are ranked mostly based on their public health impact and/or emerging antifungal resistance risk.

i.Fungal pathogens are a clear threat to public health since they are becoming more widespread and resistant to treatment.

• As of now, just four classes of antifungal medications are available, with a few candidates in the trial stage.

About World Health Organization (WHO):
Director-General – Tedros Adhanom Ghebreyesus
Headquarters –  Geneva, Switzerland
>> Read Full News

ECONOMY & BUSINESS

Cognizant collaborates with Qualcomm to launch 5G experience centre for digital transformation

IT services firm Cognizant’s 5G centre, Bangalore, India, is expanding its collaboration with chipmaker Qualcomm Technologies Inc. to open a 5G experience center in Atlanta, North America.It will accelerate enterprise digital transformation.
i.It will focus on use cases in manufacturing and supply chain management.
ii.The centre is designed to help clients imagine, test, and deploy next-generation solutions by pairing private 5G networks and Multi-Access Edge Computing (MEC) technologies.
iii.This partnership will help Cognizant to get experience in 5G, IoT, cloud, and data analytics with Qualcomm Technologies’ intelligent edge devices, AI, and 5G connectivity solutions.

Tata Steel Nederland signs MoU with Ford to sell green steel 

Tata Steel Nederland has signed a memorandum of understanding(MoU) with Ford in Europe, to supply the carmaker with Zeremis green steel.

• Tata plans to start producing green steel or steel made without using fossil fuels in 2030 at its plant in Ijmuiden, Netherlands.

i. It will enable Ford to reach its 2035 carbon neutrality target.
ii.Ford also signed MOUs with Tata, ThyssenKrupp and Salzgitter to supply “low carbon” steel for use in manufacturing the new electric crossover model it plans to start producing in Cologne, Germany 2023.
Note – Tata Steel recently launched Zeremis Carbon Lite, steel with an allocated carbon footprint reduction of up to 100 per cent.

AWARDS & RECOGNITIONS   

NISA won the Union HM’s Trophy for Best Police Training Institutions 2020-21

Hyderabad(Telangana) based National Industrial Security Academy(NISA) premier training institute of CISF(Central Industrial Security Force) in Industrial Security and Disaster Management has won the Union Home Minister(HM)’s Trophy for the Best Police Training Institutions 2020-21 under the Gazetted Officers(GO) Training Institutes Category.
CISF-NISA has been declared the winner at National Level – Central Armed Police Forces (CAPF)/ Central Police Organizations(CPO).

• The academy achieved this feat during the serving tenure of C V Anand(previous Director of NISA) who is currently serving as the Hyderabad Police Commissioner.
• Deputy Inspector General of Police (DIG) Srinivas Babu, NISA, received the trophy, citation and HM’s Disc from Union Home Minister Amit Shah and handed them over to CV Anand.

The winners of the award are selected through national-level screening of central police training institutes conducted by the Ministry of Home Affairs(MoHA) and the survey conducted by the Bureau of Police Research and Development(BPR&D) for best Police Training institutions for 2020-2021.
Click here for the winners of Union HM’s Trophy 2020-21.    

APPOINTMENTS & RESIGNATIONS  

Rishi Sunak sworn-in as UK’s first Indian-Origin Prime MinisterConservative party leader Rishi Sunak (42) becomes the United Kingdom’s (UK) first Indian-origin Prime Minister. He was appointed by King Charles III. He succeeded Liz Truss, who resigned as PM after just 44 days in power.

• He is the youngest leader of the UK since 1812, after PM William Pitt, who was 24 years old when he took on the role in 1783.
• He is the UK’s 3rd PM in 2 months. Boris Johnson resigned in September 2022, and Liz Truss resigned on October 20, 2022.

About Rishi Sunak:
Rishi Sunak first became a Member of Parliament (MP) in 2015. He was elected from Richmond, Yorkshire. He was one of the supporters of Boris Johnson during his ‘leave EU’ campaign.

• He is a former investment banker and hedge fund manager
• He is married to British-Indian fashion designer Akshata Murty, who is the daughter of Infosys founder N.R. Narayana Murthy,
• The couple have an estimated net worth of about $830 million, making him one of the richest legislators in the UK.

Other Key Appointments:
i.John Glen was appointed as Chief Secretary to the Treasury
ii.Gillian Keegan has been appointed secretary of state for education
iii.Michelle Donelan has been appointed as the Culture Secretary
iv.Penny Mordaunt re-appointed as the leader of the House of Commons
v.Indian-origin Suella Braverman re-appointed as Home Secretary
vi.Jeremy Hunt re-appointed as British Finance Minister

MCA appoints CCI Member Sangeeta Verma as Acting Chairperson of CCI On 25th October 2022, the Ministry of Corporate Affairs (MCA) appointed Dr Sangeeta Verma, a Member of the Competition Commission of India (CCI), as an acting Chairperson of the CCI with effect from 26th October 2022 for 3 months till the appointment of regular Chairperson.

• Sangeeta Verma’s appointment follows the resignation of the full-time chairperson Ashok Kumar Gupta, a 1981 Batch IAS officer of the Tamil Nadu cadre, on 25th October 2022.  He was appointed as the CCI chairperson in November 2018.

About Sangeeta Verma:
i. Dr Sangeeta Verma, a 1981 batch of the Indian Economic Service (IES), is currently a member of the regulator (CCI). She joined the CCI as a member on 24th December 2018.
ii. She has thorough experience over 3 decades in Government (Central & State), as an economist, administrator, regulator, and policymaker.
iii. She has served the government in several sectors of the economy, including consumer affairs, industry, agriculture, power, and women and child development.
iv. She has served as Secretary of the U. P. State Electricity Regulatory Commission (UPERC), and Economic Adviser with the Central Electricity Authority, Ministry of Power (MoP).
v. She has also served as the Principal Adviser in the Department of Industrial Policy and Promotion (now the Department for Promotion of Industry and Internal Trade – DPIIT).
vi. Sangeeta Verma also served as a Member of the Appellate Authority for Industrial and Financial Reconstruction, which settled on appeals against orders of the former Board for Industrial Financial Reconstruction (BIFR).
About the Ministry of Corporate Affairs (MCA):
Minister- Nirmala Sitharaman ( Rajya Sabha- Karnataka)
Minister of State (MoS)- Rao Inderjit Singh (Constituency- Gurugram, Haryana)

Indian Banks’ Association re-elects PNB’s AK Goel as Chairman 

The Managing Committee of the Indian Banks’ Association (IBA) re-elected Atul Kumar Goel, Managing Director (MD) and Chief Executive Director (CEO) of Punjab National Bank (PNB), as its new Chairman for the Financial year (FY) 2022-2023.

• A K Goel was previously elected by the IBA Managing Committee to serve as Chairman on October 14, 2021.

Key Points:
i. The Managing Committee of IBA also elected 3 Deputy Chairmen:

• Dinesh Kumar Khara, Chairman of State Bank of India (re-elected);
• A S Rajeev, MD & CEO of Bank of Maharashtra;
• Madhav Nair, Country Head & CEO of Mashreq Bank PSC.

ii. N Kamakodi, MD & CEO of City Union Bank, has been elected as the Honorary Secretary.
About Atul Kumar Goel:
i. In 1992, A K Goel joined Indian Bank, formerly known as Allahabad Bank, as a Chartered Accountant in Specialist Officer in Scale II and was elevated up to the level of General Manager.
ii. He was a Director on the Board of The New India Assurance Co. Ltd from 1st October 2019 to 31st December 2021.
iii. He also served as a Director on the Boards of Star Union Dai-ichi Life Insurance Co. Ltd. & Union Trustee Company Private Limited.
iv. He is a Non-Executive Director in PNB Housing Finance Limited with effect from 28th February 2022.
v. Currently, he is a Non-Executive Chairman on the Board of PNB (International) Ltd, UK (wholly owned Foreign Subsidiary of Punjab National Bank) with effect from 15th March 2022.
vi. He is a member of Governing Council & Chairman of the Executive Committee of the Indian Institute of Banking & Finance (IIBF) and a member of Governing Board of the Institute of Banking Personnel Selection (IBPS).
About Indian Banks’ Association (IBA):
Chief Executive- Sunil Mehta
Head Office- Mumbai, Maharashtra
Establishment- 1946
Members and Associates- 237

Shefali Juneja elected as Chairperson of the UN specialised agency ATC of ICAO; 1st Indian after 28 yearsOn 24th October 2022, Dr Shefali Juneja was elected as the chairperson of the Air Transport Committee (ATC) of the International Civil Aviation Organization (ICAO), a specialized agency of the United Nations.

• She becomes the 1st Indian to hold the position in 28 years.

Note: ATC is a standing committee of ICAO created by the Chicago Convention in1944.
About Dr Shefali Juneja:
i. Dr Shefali Juneja, a 1992 batch officer of the Indian Revenue Service (Income Tax cadre) was serving as India’s Representative in the council of the ICAO, Montreal, Canada, for a period of 3 years.

• In 2019, she replaced senior Indian Administrative Service (IAS) officer Alok Shekhar, who was appointed for the post in 2015.

ii. She served as the Joint Secretary in the Ministry of Civil Aviation before joining the ICAO.    

ACQUISITIONS & MERGERS       

Nomura Singapore sells 1.52% stake in CSB Bank worth Rs 61.31 crore On 25th October 2022, Nomura Singapore Limited (NSL) sold a 1.52% share in the private lender CSB Bank Limited, formerly known as Catholic Syrian Bank Limited, for Rs 61.31 crore.
Key Highlights:
i. According to the National Stock Exchange (NSE), Nomura Singapore discharged 26,39,673 shares, amounting to a 1.52% stake in the company.
ii. The shares were sold at an average price of Rs 232.3 per share. the total transaction amount is Rs 61.31 crore.
iii. Meanwhile, Maybank Securities Pte. Ltd., a wholly-owned subsidiary of Maybank Kim Eng Holdings Limited, purchased the shares at the same price.
iv. On the NSE, the shares of CSB Bank closed 2.42% lower at Rs 228.20 per share.
Nomura Singapore Limited (NSL):
Nomura Singapore Limited (Nomura Singapore) was incorporated in Singapore in 1972 as Singapore Nomura Merchant Banking Limited. In 1981, it became a member of the Nomura Group.
About the CSB Bank Limited: 
Managing Director(MD) & Chief Executive Officer(CEO)- Pralay Mondal
Head Office- Thrissur, Kerala
Establishment- 1920

SPORTS

17^th Denmark Open 2022: China bags Four Titlesi.On October 18-23 2022, the Denmark Open 2022 presented by VICTOR, a badminton tournament, was held at the Arena Fyn in Odense, Denmark, from 18 to 23 October 2022
ii.It was the 17th edition of Denmark Open with Prize Money of US$750,000.
iii.China has dominated the tournament by winning mixed doubles, women’s doubles, women’s singles and men’s singles.
iii.It should be noted that as per the Badminton world rankings released on October 25, 2022, Double Olympic medallist Pusarla Venkata Sindhu and Thomas Cup winner HS Prannoy gained a spot each to reach the 5th and 12th positions in women’s and men’s singles world rankings.
About Denmark:
Capital– Copenhagen
Currency– Danish Krone
>> Read Full News

Magnus Carlsen wins Meltwater Champions Chess Tour 2022Norway’s Magnus Carlsen wins Meltwater Champions Chess Tour 2022 by defeating India’s Arjun Erigaisi during the semifinals of the Aimchess Rapid tournament which was held on October 14–21, 2022.

• It was his 2nd consecutive title.
• The tour started on February 19, 2022 and will last until November 20, 2022.

Key Points:
i.Poland’s GM (Grandmaster) Jan-Krzysztof Duda emerged as the new leader in the Aimchess Rapid.
ii.India’s 16 years old GM Gukesh D. rom Chennai became the youngest player to beat Magnus Carlsen

OBITUARY

Red Bull CO-founder Dietrich Mateschitz passed away

On 22 October 2022, Dietrich Mateschitz,  founder of energy drink company Red bull of Austria passed away at the age of 78. He was born on 20 May 1944.
i.He was named as Austria’s richest person by Forbes in 2022 with an estimated net worth of $27.4 billion.
ii.In Formula 1, Red Bull won their first drivers and constructors titles with the German driver Sebastian Vettel at the wheel in 2010.
iii.In the 2022 Formula 1 Aramco United States Grand Prix, the Red Bull Racing won the Constructors Championship.

IMPORTANT DAYS

Disarmament Week 2022 – October 24-30 The United Nations (UN)’s Disarmament Week is annually observed across the globe in the week starting from 24th October, the foundation day of the UN.
The UN’s Disarmament Week is observed from 24th to 30th October.
Disarmament Week observance aims to promote awareness about several disarmament issues and encourage to study and research on disarmament.
Background: 
i.The United Nations General Assembly(UNGA) adopted the resolution A/RES/S-10/2 (p. 102)- Final Document of the Tenth Special Session of the General Assembly and proclaimed the week starting from 24th October as a week devoted to fostering the objectives of disarmament.
ii.In 1995, UNGA adopted the resolution A/RES/50/72 and invited the Governments and international and national non-governmental organizations to actively take part in the observance of Disarmament Week.
About United Nations Office for Disarmament Affairs(UNODA):
High Representative– Izumi Nakamitsu
Headquarters– New York, United States of America
Established in January 1998
>> Read Full News

World Sustainability Day 2022 – October 26 World Sustainability Day is annually observed across the globe on the 4th Wednesday of October to raise awareness of the value of environmental protection and the actions that may be taken. This day is dedicated to Environment.
World Sustainability Day 2022 was observed on 26th October 2022.

• World Sustainability Day 2021 was observed on 27th October 2021.
• World Sustainability Day 2023 will fall on 25th October 2023.

Note: World Sustainability Day is observed on different dates depending on the country. For instance, in 2022, the Netherlands celebrates Dutch Sustainability Day (‘Dag van de Duurzaamheid) on October 10th.
Background:
The National Environmental Policy Act (NEPA) of 1969 introduced the idea of sustainable development because air quality, water quality, and other environmental problems were a concern for congress at the time.
Note: NEPA was the 1st major environmental law in the United States. It is often called the “Magna Carta” of Federal environmental laws.
IIT-Madras launches ‘Punch the Plastic’ Campaign as part of World Sustainability Day
Indian Institute of Technology Madras (IIT-Madras), Chennai, Tamil Nadu has launched a ‘Punch the Plastic’ campaign on World Sustainability Day on 26th October 2022.

• It plans to implement a new method to gather dry and clean plastic packaging for recycling processes like pyrolysis.

Key points:
i. IIT-Madras students, faculty and staff established a “Sustainable Campus Collective” to educate campus inhabitants about waste segregation and reducing water & energy use.
ii. The drive ‘Sustainable Campus Collective’ was launched on 25th October 2022 in the presence of Shanti Sheela Nair, Retired IAS Officer and IIT Madras, Deans, faculty members and students.
iii. In order to internalise and put the concept of sustainability into practice for all Institute residents, IIT-Madras intends to organise competitions across schools, hostels, and academic and residential zones.
Other events launched on the occasion
i. Monkey Proof Food waste Dustbin Hackathon:

• IIT Madras is working towards creating a larger, more sturdy, and more user-friendly monkey-proof model that can handle both wet and dry garbage.
• The winner of a hackathon will get funding from the Carbon Zero Challenge 2022.

ii. Sustainability Champions Contest:

• An action and awareness campaign on sustainability is planned for all campus residents to select the Sustainable Champions.
• The champions will receive a trophy during convocation.

STATE NEWS

Delhi L-G Launches One-Time Property Tax Amnesty Scheme ‘SAMRIDDHI 2022-23’“SAMRIDDHI 2022-23“, a people-friendly initiative of the Municipal Corporation of Delhi (MCD), has been introduced by Vinai Kumar Saxena, Lieutenant Governor (L-G) of Delhi. This scheme will offer significant relief to residents and encourage commercial property owners to end long-standing disputes and associated harassment.

• SAMRIDDHI is an acronym for Strengthening and Augmentation of Municipal Revenue for Infrastructure Development in Delhi.
• The scheme will be operational from October 26, 2022, and will conclude on March 31, 2023, with no further extensions.

SAMRIDDHI 2022-23 Scheme
i.The tax amnesty scheme has two options: “One Plus Five” for Residential Properties and “One Plus Six” for Non-Residential Properties.
ii.Residential Property Taxpayers under “One Plus Five” scheme are required to pay the principal amount of property tax for the current year and the previous five years [i.e. FY 2022-23 + FYs 2017-18 to 2021-22], after which 100% interest and penalty on the outstanding tax amount shall be exempted and all previous dues prior to 2017-18 will be waived off. [FY stands for Financial Year].
iii.The “One Plus Six” scheme for Non-Residential Properties requires property owners to pay the principal amount of property tax for the current year and the previous six years [i.e. FY 2022-23 + FYs 2016-17 to 2021-22], after which 100% interest and penalty on the outstanding tax amount shall be exempted, and all prior dues from 2016-17 shall be completely waived off.
iv.If a taxpayer fails to settle his tax dues by March 31, 2023, he will be liable to pay all tax dues, including interest and penalties, since 2004 or from the year it became overdue, and will not be eligible for a waiver.

• Coercive actions to collect tax dues will be implemented against such defaulters beginning April 1, 2023.

v.If a taxpayer has already paid dues for any of the years 2017-18 or 2016-17 but the payment has not been entered in MCD tax data, they must produce proof of payment so that the tax database may be updated.
vi.Cases where the principal, interest, and penalty were already paid prior to the scheme’s inception would not be reassessed and reopened.
About Delhi:
Chief Minister (CM) – Arvind Kejriwal
Lieutenant Governor (L-G) – Vinai Kumar Saxena
Airport – Indira Gandhi International Airport
UNESCO Heritage Site – Humayun’s Tomb; Qutb Minar and its Monuments; Red Fort Complex

Meghalaya Govt signed MoA with NEEPCO for Hydro Electric ProjectsOn 25th October 2022, The Power Department of the Government of Meghalaya and North Eastern Electric Power Corporation Limited (NEEPCO) signed a Memorandum of Agreement(MoA) for the development of Wah Umiam Hydro Electric Project (50 megawatts (MW)) Stage-I and Wah Umiam Hydro Electric Project (100 MW) Stage-II.

• The MoU was signed during a programme held in Shillong, Meghalaya.

Signatories:
The MoA was signed by D D Shira, Joint Secretary of the Power Department, Government of Meghalaya and Anil Kumar, Director Personnel, NEEPCO.

• Prestone Tynsong, Deputy Chief Minister(CM) of Meghalaya attended the programme as Chief Guest.

Key People:
Abdus Saleh, Chairman, Meghalaya State Planning Board, Pravin Bakshi, Commissioner and Secretary, Power Department and other senior officials from Meghalaya government and NEEPCO.
Background:
i.At present, the Meghalaya government has the capacity to generate only 350 MW and the requirement of the state stands at 650 MW.
ii.The government is working on possible transformations in the power sector to bridge this gap in demand and supply of power.
iii.This MoA with NEEPCO, a Central Public Sector Undertaking(CPSU) is a part of the efforts.
Key Points:
i.Under the MoA, the NEEPCO would set up Umiam stage 1, stage 2 and stage 3 hydropower plants.
ii.The Umiam stage 3 is in the final stage and NEEPCO is expected to start the implementation process soon.
iii.The total generation capacity of the 3 hydroelectric projects is 235 MW.
With a 70% loan, Both Stage-I and Stage-II will cost around Rs 1,750 crore.
iv.The Power Department and NEEPCO will jointly work towards making Meghalaya a surplus producer of power.
About North Eastern Electric Power Corporation Limited (NEEPCO):
NEEPCO is a schedule A Miniratna category I Public Sector Undertaking (PSU) under the Ministry of Power, Government of India.
Chairman & Managing Director– R. K. Vishnoi(additional charge)
Headquarters– Shillong, Meghalaya

Jakson Green to Invest Rs 22,400 Crore for Green Hydrogen Project in RajasthanOn 25th October 2022, Jakson Green Pvt Limited(JGPL), a venture of Jakson Group, signed a Memorandum of Understanding (MoU) with the government of Rajasthan to invest about Rs 22,400 crores to set up a green hydrogen and green ammonia project in Rajasthan.

• The plant is proposed to be located at Kota, Rajasthan and will be built in phases starting with a 15,000 tons per annum Green Ammonia facility by 2025.

Note: These will be one of the most realistically sized early green ammonia projects in India. 
Signatories:
The MoU was signed by Vish Iyer, Global Chief Commercial Officer(COO) of Jakson Green and Bhaskar S Sawant, Principal Secretary of Energy to the Government of Rajasthan.
Features of the MoU:
i.Under this MoU, Jakson Green will establish a 3,65,000 tons per annum Green Hydrogen & Green Ammonia plant along with an integrated hybrid renewable power complex in a phased manner.
ii.These projects will generate more than 32,000 direct and indirect employment opportunities across various phases of the scale-up, planned between 2023 and 2028
iii.As a part of this MoU, the Rajasthan government will facilitate Jakson Green in
obtaining necessary registrations, approvals, and clearances, and providing incentives, among others.
Additional info:
i.Jakson Green is developing a pipeline of renewable energy, green hydrogen and green ammonia projects across India and abroad.
ii.This is in line with the company’s aim to become a leading developer and integrator of green Hydrogen and green Ammonia assets across select geographies.
About Rajasthan: 
Chief Minister– Ashok Gehlot
Governor– Kalraj Mishra
National Park– Ranthambore National Park; Mukundara Hills National Park
Wildlife Sanctuary– Phulwari ki nal Sanctuary; Mount Abu Wildlife Sanctuary

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