28-12-22 Daily-Himachal Pradesh-HPPSC Current Affairs

Himachal Pradesh Affairs

Himachal CM urges Union government to enhance disaster fund for state

Himachal Chief Minister Sukhvinder Singh Sukhu on Sunday urged the Union Government to enhance the disaster fund for Himachal Pradesh as the State is prone to various types of natural disasters due to difficult topographical and climatic conditions.

He was virtually addressing the inauguration function regarding setting up of two Doppler Weather Radar for the State, virtually from New Delhi by the Union Minister of State (Independent Charge), Ministry of Earth Sciences, Government of India Dr. Jitendra Singh. These Doppler Weather Radars have been established at Jot in Chamba district and another at Murari Devi in Mandi district of the State.

The CM said that one Doppler Weather Radar was installed at Kufri in Shimla district on 15th January, 2021 and with the commissioning of these additional two radars, about 70 per cent area of the State will be covered for Weather forecast. He said that still about 30 per cent area of Kinnaur and Lahaul-Spiti district will not be covered under these Radars.

National and International Affairs

Indiawas among the top five markets, globally, in terms of equity fundraising despite the quantum of funds raised declining by 43 per cent. According to a report byKotak Investment Banking, funds to the tune of $16.4 billion were transacted via equity capital market (ECM) activity in India in 2022.

Indias outperformance comes on the back of a sharper decline in ECM activity in major markets such as theUnited Kingdom,Australiaand<a href="https://currentaffairs.adda247.com/india-and-japan-to-conduct-joint-exercise-to-strengthen-cooperation-in-air-DEFENCE/”>Japan. ECM activity globally took a hit on account of heightened volatility amid rising interest rates.

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