Current affairs 11 January 2024

Gujarat has set target to become $500 billion economy by 2026-27.

• Gujarat sets a target to contribute 10% to India's GDP, eyeing a $500 billion economy.
• The current contribution stands at 8.3%, emphasizing the state's significant economic role.
• Last year, Gujarat accounted for an impressive 33% of India's total merchandise exports.
• Chief Minister Bhupendra Patel outlines strategic plans for sustainable and inclusive growth.

India surpassed Taiwan in MSCI EM Index, ranks second after China.

• Over the past 8 years, India's weight starting at 7%, has now reached 17.1%, reflecting the country's economic resilience and attractiveness to investors.
• The rising weightage of the MSCI EM index has contributed to increased capital flows.
• After a significant outflow of $33 billion from the 2nd half of 2021 to the 1st half of 2022, India witnessed the highest inflows in the last 11 years.

U.P. govt to install solar rooftops on 25000 Varanasi households.

• UP govt. to install solar rooftops on 25K Varanasi households in just 2 months.
• A substantial government subsidy of ₹150 crore from the central and ₹75 crore from the state will be disbursed to households adopting solar panels.
• UPNEDA adopted a multi-faceted strategy, combining extensive awareness campaigns, logistics planning, and supply arrangements to ensure the success of the initiative.

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IIT Madras expands global presence with New Campus in Kandy, Sri Lanka.

• Sri Lanka's Education Minister announced the establishment of IIT Madras campus in Kandy.
• President Ranil Wickremasinghe's budget proposal paves the way for international collaboration in education.
• Minister Dr. Premajayantha engages with IIT Madras leadership, fostering academic partnerships and knowledge exchange.

Shirshendu Mukyopadhyaya honored with Kuvempu Rashtriya Puraskar 2023.

• Mukyopadhyaya, known for his diverse literary contributions, has authored approximately 90 books, covering stories, novels, travelogues, and children's stories.
• The national award, instituted in memory of late Kannada poet Kuvempu, includes a cash prize of ₹5 lakh, a silver medal, and a citation.
• The writer has brought new sensibilities to Bengali literature.