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First meeting of Finance Ministers and Central Bank Governors under India's G20 Chairmanship
  • Prime Minister Narendra Modi today addressed the first meeting of Finance Ministers and Central Bank Governors under India's G20 leadership via video. Speaking then, the Prime Minister pointed out the challenges facing the world today and said, 'While the world is facing adverse economic conditions, the participants of the meeting are representative of the global financial and economic leadership.
  • The coronavirus pandemic and its impacts on the global economy, escalating geo-political events, disruptions in global supply chains, price inflation, food and energy security, and many other factors, have placed the world's leading economies and financial systems on guard.
  • There is high expectation among Indian consumers and producers about the future of the country's economy. Members should focus discussions on the most vulnerable populations globally. 
  • Only by developing an inclusive program can the world's confidence and international economic leadership be restored. The theme of India's G20 leadership promotes the vision of 'One Earth, One Family, One Future'. "Even as the world's population crosses 8 billion, progress on the Sustainable Development Goals continues to falter," he said.
  • Talking about the new system developed during India's ongoing G20 leadership, he said, 'It enables G20 guests to use UPI, India's leading digital payment platform. Examples like UPI can serve as a model for many other countries. "We are happy to share our experiences with the world and the G20 can act as a driving force for this," he concluded his speech.
Resolution at the UN to withdraw Russian forces from Ukraine
  • Today (Feb. 24) marks one year since the start of the Russia-Ukraine war. Now it has caused a great impact not only to the two countries but also to the whole world. A cold war was raging between Europe's neighbors Russia and Ukraine.
  • Ukraine wanted to join NATO, which includes the United States and Britain. Russia considered this to be a threat to its security. Immediately war was launched on Ukraine. In this case, UN A general meeting was held. Then Russia should withdraw from Ukraine immediately. 
  • A resolution was brought to stop the war. 193 member countries participated. 141 countries voted in favor of the resolution. 7 countries voted against. 32 countries including India and China abstained from participating in the ratification of the resolution. As there was majority support, it was reported that the resolution was passed.
Mr. Nitin Gadkari approves 32 km six-lane green road in Andhra Pradesh at a cost of Rs.1292.65 crore
  • Central Road Transport and Highways Minister Mr. Nitin Gadkari has approved the six-lane Bangalore-Vijayawada economic 32 km stretch from Chandrasekharapuram to Bolavaram in Andhra Pradesh under Bharatmala Paryojana - a comprehensive action plan for highway development in the country at a cost of Rs 1292.65 crore.
  • The 342.5 km stretch from Kotikonda check post to Muppavaram will be converted into a green lane. This route will be expanded to 14 sets in Prakasam district of Andhra Pradesh.
Coal production increased by 16% to 698.25 million tonnes during April 2022 – January 2023
  • Domestic coal production has been steadily increasing over the past few years. Coal production increased from 730.87 million tonnes in 2019-20 to 778.19 million tonnes in 2021-22. Coal production continues to increase in this financial year as well. 
  • Coal production during April 2022 – January 2023 has reached 698.25 million tonnes. This is an increase of 16% compared to the same period of the previous financial year. During the same period of 2021-22, coal production was 601.97 million tonnes. 
  • Coal India's own production increased from 478.12 million tonnes to 550.93 million tonnes during this period. This is an increase of 15.23%. This increase in production is helpful in meeting the demand for coal caused by additional power consumption.
  • The Coal Ministry has set a target to increase coal production to 1.31 billion tonnes in FY2025 and 1.5 billion tonnes in FY2030. The Ministry of Coal is actively working with various central and state government agencies to increase coal mines and coal production. Due to this the production of commercial coal mines continues to increase.

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