28.12.22 Daily [Madhya Pradesh] MPPSC Current Affairs

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Madhya Pradesh Affairs

MP receives budget allcation of Rs 172 cr

This year, the state has received a budget allocation of Rs 172 crore 79 lakh under the public development scheme of the Union Ministry of Minority Affairs. With this amount, development works are being done along with Education in minority dominated areas.

Out of the allocated amount, funds are also being spent on the upgradation of Gandhi Medical College, Bhopal. Along with the construction of a 180-seater girls’ hostel in Bhopal’s residential school Arif Nagar and Government Unani College, smart class is also being constructed in Government Polytechnic College, Khandwa. Out of the total amount spent in the scheme, 60 percent is the share of the Centre and 40 percent is the share of the state.

National and International Affairs

Indiawas among the top five markets, globally, in terms of equity fundraising despite the quantum of funds raised declining by 43 per cent. According to a report byKotak Investment Banking, funds to the tune of $16.4 billion were transacted via equity capital market (ECM) activity in India in 2022.

Indias outperformance comes on the back of a sharper decline in ECM activity in major markets such as theUnited Kingdom,Australiaand<a href="https://currentaffairs.adda247.com/india-and-japan-to-conduct-joint-exercise-to-strengthen-cooperation-in-air-DEFENCE/”>Japan. ECM activity globally took a hit on account of heightened volatility amid rising interest rates.

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