5th August 2022 Current Affairs

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5th August 2022 Current Affairs is provided below:

1. Union Cabinet approves Sugarcane FRP 2022–23:

Fair and Remunerative Price
Approved by the Union Cabinet Committee on Economic Affairs chaired by PM Narendra Modi, for a basic recovery rate of 10.2%
The FRP for sugar season 2022–23 is 2.6% higher than sugar season 2021–22
The FRP is the government-mandated price that mills must pay to farmers for sugarcane procured from them.
Sugarcane Control Order 1966, mandates payment within 14 days of the date of delivery of the cane.
The FRP is based on the recovery of sugar from the cane.
Higher recovery results in higher FRP and higher sugar production.
Sugarcane FRP is fixed to ensure Sugarcane growers receive a guaranteed price.
India is the largest producer and 2nd largest exporter of sugar in the world.
India has surpassed Brazil in sugar production in the current sugar season 2021–22
Recently India announced its climate action through five nectar elements known as “Panchamrit” at the COP26 to the UNFCCC, held in Glasgow, United Kingdom, in November 2021.
The five aspects of India’s climate change efforts include a target of achieving 500GW of non-fossil energy capacity by 2030 and meeting 50% of its energy needs with Renewable Energy by 2030.

2. India’s Commitment under Updated NDC:

India is now committed to reach about 50% of the total installed capacity of electric power from non-fossil fuel based energy sources by 2030
To reduce the emissions intensity of its GDP by 45% by 2030, compared to 2005 levels.
Updated NDC will be implemented over the period 2021–2030
Indian railways alone will reduce emissions by 60 million tonnes annually if it achieves their Net Zero target by 2030.
India’s massive LED bulb campaign is cutting emissions by 40 million tonnes
At COP 26, India launched a ‘One Word Movement – LIFE i.e., Lifestyle for Environment
The NDC for India does not commit the country to any sector-specific mitigation obligations or actions.

3. World’s largest Floating Solar Power Plant:

It is set to be built on Omkareshwar Dam in Narmada River in Madhya Pradesh.
It will generate 600 Megawatt Power by 2022–23

4. Udyam Portal:

Launched on 1st July 2020
It is linked to the database of the Central Board of Direct Taxes (CBDT) and GSTN.
It is fully online and does not require any documentation.
It helps in Ease of Doing Business for MSMEs in India.

5. Sargam Koushal, from Jammu and Kashmir, was crowned as the winner of the Mrs India world 2022–2023.

6. Books & Authors:

Autobiography “Through the Rear View Mirror”
Authored by R.A. Narasiah
R.A. Narasiah, a tamilian born in West Bengal.
His other books include,
Kadalodi, Madharasapattinam, Cambodia Ninaivugal, Aalavai and Lettered Dialogue.

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