India The First Country in The World to Receive $100 billion in Remittances

India The First Country in The World to Receive $100 billion in Remittances

• India will be the first country in the world to receive $100 billion from remittances during 2022, the World Bank has said. Though remittances to the rest of the South Asian countries declined by 10%, it rose by 12% in India’s case.
• The top five recipient countries for remittances in 2022 are expected to be India, establishing a benchmark of $100 billion in the year, followed by Mexico, with a tally of $60 billion (which replaced China in second position during 2021), and China, the Philippines, and the Arab Republic of Egypt.
• Remittances to India were enhanced by wage hikes and a strong labour market in the US and other member countries of OECD (Organisation for Economic Co-operation and Development). In the Gulf Cooperation Council destination countries, governments ensured low inflation through direct support measures that protected migrants’ ability to remit. Sending $200 to the region cost 4.1% on average in the second quarter of 2022, down from 4.3% a year ago.

UP CM Yogi Adityanath launches ‘One District One Sport’ scheme

• The Uttar Pradesh government’s ambitious One District One Product (ODOP) scheme has received praise at the national level for helping in the revival of traditional crafts in the state. Now, on similar lines, the government has launched the One District One Sport (ODOS) programme for promoting local sporting talent. 
• The Yogi Adityanath government hopes the ODOS programme will become a platform to create sportspersons who can represent the state at the national and international level. 
• Under ODOS, one sport will be identified in each of the 75 districts of UP and necessary steps taken to find district-wise sport-specific talents and hone their skills in order to enable them to represent the district, state, national and international level tournaments and championships.

Adani Green becomes World’s Largest Wind-Solar Hybrid Power Developer

• Adani Green Energy Ltd (AGEL), the renewables arm of Adani Group, has commissioned its third wind-solar hybrid power plant at Jaisalmer in Rajasthan. 
• Earlier, in May 2022, AGEL had operationalised India’s first hybrid power plant of 390 MW. This was followed by the commissioning, in September 2022, of the world’s largest co-located hybrid power plant of 600 MW. Both these hybrid energy generation assets are located in Jaisalmer, Rajasthan. 
• With the successful commissioning of this 450 MW plant, AGEL now has a total operational generation capacity of 7.17 GW. This also makes AGEL the world’s largest wind-solar hybrid power farm developer.
• With this hybrid plant, Adani Green Energy now has the largest operational hybrid power generation capacity of 1,440 MW.

Prime Minister to dedicate three National Ayush Institutes to the nation on 11 December 2022

• Union Minister of Ayush announced that three National Ayush Institutes - All India Institute of Ayurveda (AIIA), Goa, National Institute of Unani Medicine (NIUM), Ghaziabad and National Institute of Homoeopathy (NIH), Delhi will be dedicated to the nation by Prime Minister Shri Narendra Modi on 11th December 2022. 
• These satellite institutes will further strengthen the research, international collaborations and facilitate affordable Ayush services for larger community. Through these institute Government of India will be further strengthen its capabilities to provide affordable healthcare to every citizen and every region of the country.
• Establishment of these three National Ayush institutes in Ayurveda, Homeopathy and Unani will create 400 additional seats for 400 students, who want to pursue UG, PG and Doctoral courses and also add 550 additional beds in these three streams.
• All India Institute of Ayurveda (AIIA), Goa will work to provide the highest quality facilities for UG, PG and post-doctoral streams in the aspects of education, research and patient care services through Ayurveda system of medicine. It will be developed into a wellness hub of Ayurveda promoting Medical Value Travel (MVT) and will function as a model centre for international and national collaboration for academic & research purposes.