Monthly Archives: September 2021

STRENGTHENING THE POTENTIAL OF INDIA SCHEME

Recently, the Khadi and Village Industries Commission (KVIC) launched the SPIN (Strengthening the Potential of India) scheme to make potters self-sustainable. KVIC A statutory body established under the Khadi and Village Industries Commission Act, 1956. It functions under the Ministry of Micro, Small and Medium Enterprises. In 2017-18, it launched the Honey Mission programme. Recently, it launched a project named Bamboo …

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‘EASE OF DOING BUSINESS’ REPORT

The World Bank would discontinue the practice of issuing ‘Doing Business report’ following an investigation reported “data irregularities” in its 2018 and 2020 editions (released in 2017 and 2019, respectively) and possible “ethical matters” involving bank staff. It will be working on a new approach to assessing the business and investment climate. …

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21ST SUMMIT OF THE SHANGHAI COOPERATION ORGANISATION (SCO)

The 21st Summit of the Shanghai Cooperation Organisation (SCO)Council of Heads of State was held recently via video Conferencing in Dushanbe, Tajikistan. At the meet the focus was primarily on the ground situation in Afghanistan and its global repercussions. Iran has been accepted as the ninth full member of the organisation. Important points: It took a strong stance against radicalisation and extremism, urging …

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REFORMS IN URBAN PLANNING CAPACITY IN INDIA

Recently, NITI Aayog has launched the report titled ‘Reforms in Urban Planning Capacity in India’. Important points: India’s population stood at 1210 million in 2011, with an urbanisation level of 31.1% (Census of India 2011) Urbanisation is an increase in the number of people living in towns and cities. The distribution of urban centres and the pace …

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G-33 VIRTUAL INFORMAL MINISTERIAL MEETING

Recently, while addressing the G-33 Virtual Informal Ministerial Meeting, India’s Commerce and Industry Minister pointed out the imbalances in the Agreement on Agriculture at the World Trade Organization (WTO) He claimed that it was in favour of developed countries and historical asymmetries and imbalances must be corrected to ensure a rule-based, fair and equitable order. He urged that …

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WHITE-SIDED DOLPHINS

Recently, the traditional annual killing of whales and dolphins (grindadrap” hunt) in North Atlantic islands that belong to Denmark has sparked controversy. 1,428 white-sided dolphins were slaughtered at Faroe Islands. Important points: Their common name comes from the prominent white stripes on their sides, which span from below the dorsal fin to their tail, where it turns into a …

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MURA-DRAVA-DANUBE

Recently, Mura-Drava-Danube (MDD) was declared as the world’s first ‘five-country biosphere reserve’ by the United Nations Educational, Scientific and Cultural Organization (UNESCO). Important points: The biosphere reserve covers 700 kilometres of the Mura, Drava and Danube rivers and stretches across Austria, Slovenia, Croatia, Hungary and Serbia. The total area of the reserve is a million hectares – in the so-called ‘Amazon of Europe’, which …

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EAST ASIA SUMMIT

Recently, the Union Minister of State for Power attended the 15th East Asia Summit Energy Ministers Meeting. The theme of the meeting was “We Care, We Prepare, We Prosper”.         Important points: The meeting was aimed at coordinating efforts of Association of Southeast Asian Nations (ASEAN) countries in pursuing the goal of energy security and energy transition …

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PLI SCHEME FOR AUTO & DRONE SECTOR

Recently, the Union Cabinet approved a Rs. 26,058 crore Production Linked Incentive (PLI) scheme for auto, auto-components and Drone industries to enhance India’s manufacturing capabilities. The scheme for the sector is part of the overall production-linked incentives announced for 13 sectors in the Union Budget 2021-22 with an outlay of Rs 1.97 lakh crore. It is …

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NATIONAL ASSET RECONSTRUCTION COMPANY LIMITED (NARCL)

Recently, the Union Cabinet approved the Rs 30,600 crore guarantee to back Security Receipts issued by National Asset Reconstruction Company Limited (NARCL) for acquiring stressed loan assets. The NARCL is a part of a new Bad bank structure that was announced in the Budget 2021. Important points: For resolution of huge NPAs (Non-Performing Assets) …

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