CURRENT AFFAIRS

Detailed explanation-1: -Nusantara (Indonesian pronunciation: [nusanˈtara]), officially the Capital City of Nusantara (Indonesian: Ibu Kota Nusantara, IKN), is the future capital of Indonesia, set to be inaugurated on 17 August 2024, coinciding with the Indonesian Independence Day.

Detailed explanation-2: -Where will Indonesia’s new capital be? Located in eastern Borneo, the world’s third-largest island, Nusantara is set to replace Jakarta as Indonesia’s political centre by late 2024.

Detailed explanation-3: -According to the NNCA, construction on the state palace will also begin this year and will be completed in 2024. First announced in 2019, Nusantara is a flagship project of Indonesian president Joko Widodo, who wants to move the capital away from Jakarta on the island of Java.

Detailed explanation-4: -Jakarta became the de jure capital of Indonesia with the Presidential Decree Number 2 of 1961. It was later strengthened by the Indonesian Law Number 10 of 1964. President Joko Widodo officially announced to relocate the capital to East Kalimantan.

Detailed explanation-5: -After a temporary pause due to the Coronavirus pandemic, Indonesia is continuing its long-term plan of moving its capital from Jakarta to a new location in East Kalimantan on the island of Borneo, also known as the IKN project.