1. 100m FROM EDGE OF GANGA DECLARED AS NO DEVELOPMENT ZONE BY NGT
- NGT has declared a ‘No-Development Zone’ along an area of 100 metres from the edge of the river Ganga in the stretch between Haridwar in Uttarakhand and Unnao in Uttar Pradesh.
- NGT has also banned dumping of waste of any kind within 500 metres from the edge of River Ganga.
- Rs. 50,000 penalty will be imposed on anyone who dumps waste in the river.
2.CABINET APPROVES WIDENING OF IMPHAL-MOREH SECTION OF NH-39 UNDER SRCIP
- The Cabinet Committee on Economic Affairs has given its approval for upgradation and widening of 65 kms of Imphal-Moreh Section of NH-39 in Manipur.
- The project is being developed with ADB’s loan assistance under the South Asian Sub-Regional Economic Cooperation (SASEC) Road Connectivity Investment Program.
- It aims at upgradation of road infrastructure in Bangladesh, Bhutan, Nepal and India (BBIN) in order to improve the regional connectivity.
- The project corridor is also a part of the Asian Highway No. 01 (AH01).
- The South Asia Subregional Economic Cooperation (SASEC)Program, set up in 2001, brings togetherBangladesh,Bhutan,India,Maldives,Myanmar,Nepal and Srilanka in a project-based partnership to promote regional prosperity by improving cross-border connectivity, boosting trade among member countries, and strengthening regional economic cooperation.
- The Manila, Philippines-based Asian Development Bank (ADB) serves as the Secretariat for the SASEC member countries.
- SRCIP is a strategic initiative that aims to achieve regional integration among the members of the SASEC group by improving road connectivity within the North Bengal-North Eastern Region in India.
- Scientists from University of Cambridge, UK have discovered the smallest star in the universe. It has been named as EBLM J0555-57Ab.
- The star was identified by SuperWASP, a planet-finding experiment run by a consortium of eight academic institutions.
4.INDIA AND BANGLADESH GAVE ITS APPROVAL FOR THE JOINT INTERPRETATIVE NOTE
- In a bid to boost bilateral investments between India and Bangladesh, the Cabinet gave its approval for the Joint Interpretative Notes (JIN) on the Agreement between both the nations for the Promotion and Protection of Investments.
- The JIN would impart clarity to the interpretation of the existing agreement between India and Bangladesh for the Promotion and Protection of Investments.
- The JIN includes interpretative notes to be jointly adopted for many clauses, including, the definition of investor, definition of investment, exclusion of taxation measures.
- Fair and Equitable Treatment, National Treatment and Most Favoured Nation treatment, expropriation, essential security interests and Settlement of Disputes between an Investor-and a Contracting Party.
- Joint Interpretative Statements, in general, play an important supplementary role in strengthening the investment treaty regime.