Current Affairs - National

Bharat Tex 2024, the prominent textile event, concluded in New Delhi at Bharat Mandapam. The event aimed to foster innovation and sustainability in the textile industry, inspired by the 5F Vision. New Delhi served as the venue for various initiatives and collaborations aimed at advancing the textile sector's development and global presence.

The 2nd PESA Regional Conference was inaugurated by Secretary Vivek Bharadwaj in Ranchi, Jharkhand. The conference aimed to strengthen the implementation of the Panchayats (Extension to Scheduled Areas) Act (PESA), focusing on tribal communities' socio-economic development. This reflects the government's commitment to preserving tribal heritage and promoting their welfare through policy interventions and initiatives.

Rajasthan is set to receive its share of Yamuna water by the allocations specified in the 1994 agreement with Haryana. This agreement mandates the transfer of 1,917 cusecs of water from Hathnikund in Haryana to Rajasthan, signifying cooperative water management between the states.

The Uttar Poorva Transformative Industrialization Scheme, 2024 (UNNATI – 2024) is led by the Ministry of Commerce and Industry, as approved by the Union Cabinet under the leadership of the Prime Minister. This scheme aims to boost industrial growth in the North East region, contributing to economic development and employment generation.

Indian Oil Corporation Ltd (IOC) is poised to manufacture fuel for Formula One racing in India, expanding its specialized fuel portfolio to cater to the high-performance requirements of motorsports. This initiative introduces 'Storm' petrol, tailored for adrenaline-pumping Formula One (F1) racing and the Asian region motorcycle road racing championship.