Rising house prices - India ranks 51st in the world
- According to Knight Frock, a property consultancy, India ranks 51st in the world in terms of house price hike with 2.1 per cent. Housing prices are rising rapidly year by year in some of the most important cities in the world.
- Turkey topped the list with a 59.6 percent increase in prices as of the October-December quarter last year. The price of houses here has skyrocketed year on year. It is followed by New Zealand (22.6%), Czech Republic (22.1%), Slovakia (22.1%) and Australia (21.8%). India ranks 51st in the list with 2.1 per cent.
- In 2021, house prices in the markets of Malaysia, Malta and Morocco fell by 0.7%, 3.1% and 6.3%, respectively.
- OIC in Islamabad, the capital of Pakistan. A conference of foreign ministers of member countries of the so-called Organization of Islamic Cooperation is taking place. Chinese Foreign Minister Wang Yi Baq to attend as a special guest. Foreign Minister Qureshi had called. Wang Yi attended the conference.
- In this context, the Pakistani and Chinese Foreign Ministers met separately in Islamabad. Five agreements were signed between the two countries in various fields. A subsequent statement said, "Five agreements have been signed to further strengthen Sino-Pakistani friendship. The two countries decided to work together to bring peace and stability to Afghanistan.
- There are 45 Union universities across the country. Of these, Class 12 general examination marks conducted by the State Boards of Education were taken into account for the admission of undergraduate students in universities other than 14.
- In this context, UGC President M. Jagadesh Kumar has directed that admission to undergraduate courses in Union Universities will be conducted only through the General Entrance Test (CUET) from the coming academic year.
- It has been announced that the compulsory public entrance examination for admission to the undergraduate course will be held in the first week of July.
- The entrance examination will be conducted by the National Examinations Agency in 13 languages including Hindi, Marathi, Gujarati, Tamil, Telugu, Kannada, Malayalam, Urdu, Bengali, Punjabi, Assamese and Oriya.
- It has been announced that all the Union Universities in the country will be admitting students only through the general entrance examination from this academic year. Candidates will be given 27 subjects. There are six subjects to choose from and answer. The third section will cover general knowledge questions.
- This public entrance exam is pre-existing. But so far only 14 universities have followed suit. It is noteworthy that this has been made compulsory for all Central Universities under the new education policy.
- The third joint exercise between India and Uzbekistan is scheduled to take place from March 22 to 31. Soldiers from the Indian Army's Bombing Regiment are scheduled to participate in the joint exercise. For this, they left for the Yangtze region of Uzbekistan today.
- One such exercise was held in Uttarakhand in March last year. The purpose of this joint exercise is to enable both sides of the military to share practical strategies during training and then learn the best practices.
- The Union Cabinet meeting was chaired by Prime Minister Narendra Modi. In this, they have approved the bill to unite the Delhi Corporation. The bill is scheduled to be tabled in both houses next week during the next parliamentary session.
- With this bill, the Central Government plans to merge the three corporations of Delhi, North, South and East.
- The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved the Fertilizer Department's proposal to extend the new investment policy 2012 to three units of Hindustan Urwarak and Rasayan (HURL) namely Gorakhpur, Sinri and Paravni.
- The company's Paravni unit has started production of new gas-based urea with an installation capacity of 12.7 lakh MT per annum. The cost of the three HRL urea projects is Rs 25,120 crore. The Gas Authority of India supplies natural gas to all the three divisions.
- The company not only caters to the fertilizer needs of the farmers but also promotes infrastructure development in the region such as roads, rail transport and ancillary industries.
- And ensures the food security of the country. All the three units are working in tandem with the best technologies in the world to meet the fertilizer demand of 7 states including Uttar Pradesh and Bihar.
- The Union Cabinet on Economic Affairs, headed by Prime Minister Narendra Modi, has approved the minimum support price for jute in 2022-23. This has been approved on the basis of the recommendation of the Committee on Agricultural Production Cost and Prices.
- Accordingly, the minimum reference price for hemp in 2022-23 has been fixed at Rs. 4,750 per quintal. This is an increase of Rs.250 over the previous year. This is to ensure that the average cost of production is 60.53 per cent.
- It is also said that this price will ensure a profit of at least 50 per cent. This pricing measure is taken to ensure a fair price for those involved in jute production.
- The Ministry of Heavy Industries has approved the setting up of 2,877 power stations for electric vehicles in 68 cities in 25 States / Union Territories under Fame India Phase II. In addition, the ministry has approved the construction of 1,576 power stations on 16 highways and 9 expressways.
- Also, as per the guidelines of the Ministry, a power station should be set up at least 25 km on both sides of the highway and a power station at least 100 km away for heavy vehicles. A power station should be set up at least 3 km away from cities.
- The Ministry of Heavy Industries had approved the setting up of 520 power stations for electric vehicles at a cost of Rs 43 crore under the first phase of Fame India.
