Current affairs 03 March 2024

Cabinet approves establishment of International Big Cat Alliance.

• The Cabinet approved the establishment of the International Big Cat Alliance with headquarters in India with a one-time budgetary support of Rs.150 crore till 2027-28.
• The Alliance ensures sustainable use of natural resources and mitigates challenges emanating from climate change.
• Seven big cats Tiger, Lion, Leopard, Snow Leopard, Puma, Jaguar, and Cheetah are found in India.

India launches alliance for Global Gender Equity and Equality.

• Smriti Irani unveiled the logo and website for the Alliance for Global Gender Equity and Equality.
• The Alliance for Global Good: Gender Equity and Equality, was launched during the Davos 2024 summit.
• Bill Gates lauded the alliance's commitment to prioritize women-led development, Chandrajit Banerjee expressed pride in India's initiative to launch the Alliance for Global Gender Equity.

90 per cent of Himalayas to see year-long drought.

• The study predicts that about 90 percent of the Himalayan region will experience drought that may last for more than a year if global warming increases by 3 degrees Celsius.
• A team led by researchers at the University of East Anglia (UEA) in the UK revealed new findings about climate in the Himalayan region.
• It is focused on India, Brazil, China, Egypt, Ethiopia, and Ghana.

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CM Mann opens Punjab’s first liver sciences institute in Mohali.

• Chief minister Bhagwant Mann dedicated the state’s first Institute of Liver and Biliary Sciences, which has been set up in Mohali.
• The government had made an announcement in this regard in the 2022 Budget Session.
• The institute was built at a cost of ₹40 crore.
• The government has appointed former PGIMER hepatology department head Dr Virendra Singh as the director of the institute.

Cabinet nod for Rs 24,420 cr subsidy for P&K fertilisers.

• The government announced a Rs 24,420 crore subsidy on Phosphatic and Potassic (P&K) fertilizers for the kharif season.
• The farmers will continue to get key soil nutrient DAP at Rs 1,350 per quintal.
• Along with DAP (Di-ammonium Phosphate), the government asserted that retail prices of other major P&K fertilizers would remain stable.