Why in news? India is set to get its first integrated industrial city within the next five years which is Aurangabad Industrial City (AURIC).
Aurangabad Industrial City:
The Delhi-Mumbai Industrial Corridor (DMIC) is one of India’s largest infrastructural programs.
The DMIC aims to develop several smart cities that will have the corridor passing through, with AURIC being one of them.
The AURIC will be built on the Shendra Bidkin belt in Aurangabad.
AURIC will offer high-value, sustainable infrastructure that will support long-term economic vitality, a high quality of life, and a knowledge-based ecosystem with breakthrough innovation and efficiency.
The infrastructure will focus on clean, reusable, and recyclable methodologies.
AURIC will be based on the outskirts of Aurangabadand will be built on 10,000 acres of land.
AURIC’s primary focus will be to promote industries, with 60% of the land dedicated to industrial use.
The remaining 40% of the land will be used for residential and commercial purposes, having institutions, open spaces, and other cultural amenities, as reported by the Better India.
AURIC might operate majorly on recycled water as the industrial city will treat sewage and effluent water, so that residents can use the water for other purposes.
Roughly 42% of water in AURIC will come through recycled water.
The AURIC plans to instil the concept of “walk to work” which means housing options, workplaces, and shopping centres will be in close proximity to each other.
Other than minimising vehicle usage, walking to work or to run errands will promote a healthy lifestyle.
The industrial city of Aurangabad is meant to attract global investors.
Most importantly it will spread to other areas surrounding Marathwada.
The tribal belt of Nandurbhar, Nashik, and Dhule will also be developed so as to accelerate growthin the districts.
FACT # 2
NATIONAL POLICY ON BIOFUELS – 2018
Why in news? The government has approved National Policy on Biofuels – 2018.
National Policy on Biofuels – 2018:
The Policy categorises biofuels as:
“Basic Biofuels” viz. First Generation (1G) bioethanol & biodiesel
“Advanced Biofuels” – Second Generation (2G) ethanol, Municipal Solid Waste (MSW) to drop-in fuels
Third Generation (3G) biofuels, bio-CNG etc.
It does so to enable extension of appropriate financial and fiscal incentives under each category.
The Policy expands the scope of raw material for ethanol production by allowing use of Sugarcane Juice, Sugar containing materials like Sugar Beet, Sweet Sorghum, Starch containing materials like Corn, Cassava, Damaged food grains like wheat, broken rice, Rotten Potatoes, unfit for human consumption for ethanol production.
Earlier farmers were at a risk of not getting appropriate price for their produce during the surplus production phase.
But the Policy now allows use of surplus food grains for production of ethanol for blending with petrol with the approval of National Biofuel Coordination Committee.
With a thrust on Advanced Biofuels, the Policy indicates a viability gap funding scheme for 2G ethanol Bio refineries of Rs.5000 crore in 6 years in addition to additional tax incentives, higher purchase price as compared to 1G
The Policy encourages setting up of supply chain mechanisms for biodiesel production from non-edible oilseeds, Used Cooking Oil, short gestation crops.
FACT # 3
Why in news? Union Minister of Commerce and Industry has recently launched the Intellectual Property (IP) mascot ‘IP Nani’.
Mascot IP Nani is a tech-savvy grandmother who is shown helping the government and enforcement agencies in combating the Intellectual Property crimes with the help of her grandson ‘Chhotu’, also known as Aditya.
This IP mascot will spread awareness about the importance of Intellectual Property Rights (IPRs) among people, especially children, in an interesting manner.
This mascot is also in line with the World Intellectual Property Organization’s (WIPO) campaign for the World IP Day 2018 which celebrated the brilliance, ingenuity and courage of the women who are driving change in our world.
It also depicts that a strong IP system can support innovative women and everyone in their quest to bring their amazing ideas to the market.
Also, the first and foremost objective of the IPR Policy 2016 is, “IPR Awareness: Outreach and Promotion”.
Under this objective, one of the key focus areas is the awareness on IPR for school children, as it is essential to nurture creativity and the ability to innovate starting out from a young age.