Current affairs 26 December 2023

Ukraine received $1.34 Billion under World Bank project.

• The financing consists of World Bank loan, along with grants from Norway, the US, and Switzerland.
• Funds help compensate for non-security, defence-related expenditures including social payments & emergency service expenses.
• The Finance Minister highlights the role of aid in maintaining Ukraine's financial stability during the conflict.

UP CM inaugurated state's first intra-district chopper service.

• The helicopter service connects Bateshwar in Agra to Govardhan in Mathura.
• A committed helipad facility in Bateshwar village has been established.
• Yogi Adityanath also laid the foundation stone and inaugurated various other projects in Bateshwar to mark the birth anniversary of former Prime Minister Atal Bihari Vajpayee.

Sagar Manthan Conclave in Goa focused on India's future development.

• Union Ministers Nitin Gadkari and Shripad Naik highlight the importance of inclusive and sustainable growth.
• Gadkari emphasizes a 4E development formula: Ethics, Economy, Ecology, and Environment.
• Discussion revolves around development strategies, placing the economically marginalized at the heart of change.

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UK to introduce carbon import levy on certain products by 2027.

• The planned Carbon Border Adjustment Mechanism targets carbon-intensive goods in various sectors.
• Levy will depend on carbon emissions during production and discrepancies in carbon pricing between the origin and the UK.
• Britain has a target of reaching net zero emissions by 2050.

Manav Rachna institute achieved QS five-star rating in seven areas.

• The institute gets overall 4-star and 5-star ratings in Teaching, Employability, Academic Development, and more.
• QS rating recognizes the institute's student-friendly infrastructure and commitment to inclusivity.
• Dr Prashant Bhalla, President of MREI, vows to continue focusing on student career advancement and academic excellence.