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National Current Affairs October 3rd Week 2020

NFL along with CCI organizes training programme for farmers in Rajasthan:

National Fertilizers Limited (NFL) partnering with Cotton Corporation of India (CCI) organized a one day farmer`s training programme in Agriculture Research Centre, Shri Ganganagar, Rajasthan on October 20, 2020.
♦ A total of 75 progressive farmers from the districts of Sriganganagar, Bikaner and Hanumangarh took part in this programme. The farmers were trained in the programmed agricultural scientists on the latest technologies.
♦ Scientists have provided solutions to the various problems faced by farmers growing cotton. CCI and NFL officials advised them to use the new machinery to boost production and enhance crop quality.
♦ NFL distributed 75 cotton plucking machines free of cost to the participating farmers and also emphasized that the moisture in the cotton crop should be kept to a minimum to take good prices from the market.
♦ Based on soil test results, farmers were encouraged to use fertilisers in their crops and also stressed the balance of different fertilisers in different crops grown by farmers in order to minimise fertiliser expenditure and raise farmers incomes.
National Fertilizers Limited (NFL):
NFL is a Public Sector Unit (PSU) under the Ministry of Chemicals and Fertilizers. NFL is a state-owned producer of chemical fertilizers, organic fertilizers & industrial chemicals. NFL, incorporated in 1974, is India`s largest Central Public Sector Enterprise in Fertilizer Sector with a turnover of over Rs 75 billion.

International Financial Services Centres Authority (IFSCA) prescribes regulatory framework for REITs and InvITs in IFSC:

The IFSCA - International Financial Services Centres Authority (IFSCA), to develop the financial products and services in the Gujarat International Finance Tec-City International Financial Services Centre (GIFT IFSC) has prescribed the regulatory framework for Real Estate Investment Trusts (REITs) & Infrastructure Investment Trusts (InvITs) in IFSC.
♦ IFSCA has permitted global participants that are REITs & InvITs incorporated in FATF compliant jurisdictions to list on the stock exchanges in GIFT IFSC. InvITs have been allowed to raise funds through private placements also. 
♦ The REITs & InvITs registered in IFSC have been permitted to invest in real estate assets and infrastructure projects, respectively in IFSC. 
♦ The REITs and InvITs that are listed in any of the permissible jurisdictions other than IFSC (currently USA, Japan, South Korea, United Kingdom excluding British Overseas Territories, France, Germany, Canada and India) or India have been permitted to list and trade on the recognised stock exchanges in IFSC, subject to compliance with their respective laws of the home jurisdiction.
♦ The listing of REITs and InvITs in IFSC shall be following the requirements of the stock exchanges in IFSC.
♦ The entities in IFSC can participate and benefit from the growth of real estate and infrastructure sector in international jurisdictions.

National Current Affairs October 3rd Week 2020

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