29th December, 2022 Current Affairs

Sakshi Education

NATIONAL
Road accidents decreased by 8.1% in year 2021 as compared to 2019

Road accidents in the country have decreased by 8.1 percent in the year 2021 as compared to 2019. The injuries due to road accidents have also decreased by 14.8 percent. It was revealed in a recent report by the Road Transport and Highways Ministry.
However, it stated that fatalities on account of road accidents have increased by 1.9 percent in 2021 corresponding to the same period in 2019. During the previous year 2020, the country saw a decrease in accidents, fatalities, and injuries due to the COVID-19 outbreak and the resultant nationwide lockdown.
India is committed to bringing down fatalities caused by road accidents. The Road Transport and Highways Ministry has also formulated a multi-pronged strategy to address the issue of road safety based on Education, Engineering, Enforcement, and Emergency Care.
It has implemented a scheme called Grant of Financial Assistance for Administering Road Safely Advocacy and Awards for the Outstanding Work Done in the Field of Road Safety regarding the same.

India grants permission to NEA to export additional 40 megawatts of electricity from two more hydroelectric projects

India has given permission to the Nepal Electricity Authority (NEA) to export additional 40 megawatts of electricity from two more hydroelectric projects.
According to NEA, the Central Electricity Authority of India has approved the sale of surplus power from two more hydropower projects - 25 MW Kabeli B-1 and 20 MW Lower Modi - at competitive rates in the Indian energy market. With this, 452.6 MW surplus power can be exported to India from 10 hydropower projects.
The NEA has halted the export of surplus power to India since the 19th of December as production from the river-based hydroelectric power stations decreased.
NEA has generated a net income of 11.16 billion rupees via trading 1.36 billion units of surplus power at a competitive rate in the Indian energy market as of the 18th of December.
The current electricity demand of Nepal stands at around 1,680 MW, while the domestic production is 1,000 MW.

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INTERNATIONAL
India, Australia Economic Cooperation & Trade Agreement comes into force from today

India, Australia Economic Cooperation and Trade Agreement, ECTA, comes into force from today. The two nations signed the Agreement on the 2nd of April this year. ECTA is the first trade agreement of India with a developed country after more than a decade. AIR correspondent reports that the agreement encompasses cooperation across the entire gamut of bilateral economic and commercial relations between the two friendly countries.
Under this trade agreement, Indian exports will benefit from preferential zero-duty market access in Australia for 100 per cent of its tariff lines. It will benefit India’s labour-intensive sectors. As a result of this agreement, ten lakh jobs are estimated to be created in the country. The total bilateral trade is expected to cross 45 to 50 billion dollar in five years from the existing 31 billion US dollar.

Russia rejects Ukraine President Volodymyr Zelenskyy's peace formula as basis for negotiations

Russia has rejected Volodymyr Zelenskyy's peace formula as a basis for negotiations. Russia's foreign minister Sergei Lavrov said Zelenskiy's idea of driving Russia out of eastern Ukraine and Crimea with Western help and getting Moscow to pay damages to Kyiv is an illusion.
Zelensky is pushing a 10-point peace plan that envisages Russia respecting Ukraine's territorial integrity and pulling out all its troops, but Moscow dismissed it on Wednesday, reiterating Kyiv must accept Russia's annexation of the four regions - Luhansk and Donetsk in the east, and Kherson and Zaporizhzhia in the south.
Ukraine's recently liberated southern city of Kherson suffered intense mortar and artillery attacks from Russian forces across the Dnipro river. Kherson has remained under bombardment from Russian forces which had retreated to the east bank of the river when the city was retaken in a major victory for Ukraine last month.

Published date : 29 Dec 2022 06:10PM