#polity
Insolvency and Bankruptcy Code Ordinance, 2021
News: The President promulgated it.
- The Cabinet had approved the proposal to make amendments in the Insolvency and Bankruptcy Code, 2016.
Aim: to provide a Pre-Packaged alternative insolvency resolution framework for corporate persons - Classified as micro, small and medium enterprises (MSMEs) under the Code.
Key features :
-Based on a trust model the amendments honour the honest MSME owners.
- Seeks to amend the Code based on suggestions of the Insolvency Law Committee (ILC).
- Expected benefits of the amendment in Code Lesser burden on Adjudicating Authority.
- Assured continuity of business operations for Corporate Debtor
- Less process costs & maximum assets realization for financial creditors.
- Assurance of continued business relation with CD and
Rights protection for operational Creditors.
Insolvency and Bankruptcy Code Ordinance, 2021
News: The President promulgated it.
- The Cabinet had approved the proposal to make amendments in the Insolvency and Bankruptcy Code, 2016.
Aim: to provide a Pre-Packaged alternative insolvency resolution framework for corporate persons - Classified as micro, small and medium enterprises (MSMEs) under the Code.
Key features :
-Based on a trust model the amendments honour the honest MSME owners.
- Seeks to amend the Code based on suggestions of the Insolvency Law Committee (ILC).
- Expected benefits of the amendment in Code Lesser burden on Adjudicating Authority.
- Assured continuity of business operations for Corporate Debtor
- Less process costs & maximum assets realization for financial creditors.
- Assurance of continued business relation with CD and
Rights protection for operational Creditors.
#Defence
INS Sarvekshak
- Indian Navy Ship (INS) Sarvekshak visited Port Louis, Mauritius.
Key points:
- It commenced the hydrographic survey of ‘Deep sea area off Port Louis’.
- It is a hydrographic survey ship, which is part of Research, Survey and Tracking vessels fleet of the Indian Navy.
- It is under the Southern Naval Command.
Key features :
1. It is fitted with state-of-the-art survey equipments like Deep Sea Multi-Beam Echo Sounder, Side Scan Sonars
2. It is a fully automated digital surveying and processing system.
3. It carries an integral Chetak helicopter.
INS Sarvekshak
- Indian Navy Ship (INS) Sarvekshak visited Port Louis, Mauritius.
Key points:
- It commenced the hydrographic survey of ‘Deep sea area off Port Louis’.
- It is a hydrographic survey ship, which is part of Research, Survey and Tracking vessels fleet of the Indian Navy.
- It is under the Southern Naval Command.
Key features :
1. It is fitted with state-of-the-art survey equipments like Deep Sea Multi-Beam Echo Sounder, Side Scan Sonars
2. It is a fully automated digital surveying and processing system.
3. It carries an integral Chetak helicopter.
#IR
E9 Initiative
- News: Meeting of Education Ministers of E9 countries on ‘E9 initiative.
- E9 meeting is the first of a 3-phased process to co-create an initiative on digital learning and skills, targeting marginalised children and youth.
Aims: to accelerate recovery and advance the Sustainable Development Goal 4 agenda.
- Rapid change in education systems in three of the 2020 Global Education Meeting priorities,
1. Support to teachers;
2. Investment in skills;
3. Narrowing of the digital divide.
- It is spearheaded by the United Nations.
- E9 countries - Bangladesh, Brazil, China, Egypt, India, Indonesia, Mexico, Nigeria and Pakistan.
Indian Initiatives
1. One Nation-One Digital Platform - DIKSHA.
2. One Nation-One Channel programme –
- SWAYAM PRABHA
- SWAYAM MOOCS
- radio broadcasting.
3. PM e-VIDYA
E9 Initiative
- News: Meeting of Education Ministers of E9 countries on ‘E9 initiative.
- E9 meeting is the first of a 3-phased process to co-create an initiative on digital learning and skills, targeting marginalised children and youth.
Aims: to accelerate recovery and advance the Sustainable Development Goal 4 agenda.
- Rapid change in education systems in three of the 2020 Global Education Meeting priorities,
1. Support to teachers;
2. Investment in skills;
3. Narrowing of the digital divide.
- It is spearheaded by the United Nations.
- E9 countries - Bangladesh, Brazil, China, Egypt, India, Indonesia, Mexico, Nigeria and Pakistan.
Indian Initiatives
1. One Nation-One Digital Platform - DIKSHA.
2. One Nation-One Channel programme –
- SWAYAM PRABHA
- SWAYAM MOOCS
- radio broadcasting.
3. PM e-VIDYA
#Governmentinitiative
Campaign on COVID-19 Vaccination
- A multipronged nationwide mass awareness campaign on Covid-19 vaccination.
- Organized by the Indian National Young Academy of Sciences (INYAS).
- This campaign will be carried out through an android-based mobile app COVACNEWS.
- Aim: for ensuring information at the fingertips.
Key points:
- A pan-India info-graphic video and audio competition
- It is being organised GYAN TEEKA webinar series on COVID-19 vaccination.
Campaign on COVID-19 Vaccination
- A multipronged nationwide mass awareness campaign on Covid-19 vaccination.
- Organized by the Indian National Young Academy of Sciences (INYAS).
- This campaign will be carried out through an android-based mobile app COVACNEWS.
- Aim: for ensuring information at the fingertips.
Key points:
- A pan-India info-graphic video and audio competition
- It is being organised GYAN TEEKA webinar series on COVID-19 vaccination.
#Economy
Ghaziabad Green Municipal Bonds
- Ghaziabad Nagar Nigam has successfully listed India’s first-ever Green Municipal bond issue on the Bombay Stock Exchange.
- Raised Rs. 150 crore by issuing this bond
- Coupon rate of 8.10% with over-subscription.
- The Urban Development Ministry has provided a 2% interest subvention.
Key points:
- The funds for an environmentally sustainable projects.
- Tertiary water treatment plant to benefit industries.
- Supply piped water through water-meters.
- Ghaziabad bond is debt-free
- Maintained a revenue surplus position in the last few years.
- Other Cities – Municipal bonds have been raised by 9 cities - Ahmedabad, Surat, Visakhapatnam, Amravati, Indore, Bhopal, Pune, Hyderabad and Lucknow.
Ghaziabad Green Municipal Bonds
- Ghaziabad Nagar Nigam has successfully listed India’s first-ever Green Municipal bond issue on the Bombay Stock Exchange.
- Raised Rs. 150 crore by issuing this bond
- Coupon rate of 8.10% with over-subscription.
- The Urban Development Ministry has provided a 2% interest subvention.
Key points:
- The funds for an environmentally sustainable projects.
- Tertiary water treatment plant to benefit industries.
- Supply piped water through water-meters.
- Ghaziabad bond is debt-free
- Maintained a revenue surplus position in the last few years.
- Other Cities – Municipal bonds have been raised by 9 cities - Ahmedabad, Surat, Visakhapatnam, Amravati, Indore, Bhopal, Pune, Hyderabad and Lucknow.
#Governmentinitiative
Integrated Health Information Platform
- World's biggest online disease surveillance platform, was launched.
- India is the first country in the world to adopt such an Advanced Digital Surveillance System.
Key points:
- IHIP is the next generation highly refined version of the presently used Integrated Disease Surveillance Programme digital platform.
- It is in sync with the National Digital Health Mission
- Fully compatible with the other digital information systems presently in use.
- It can easily be integrated with other ongoing surveillance program.
- having the feature of addition of special surveillance modules
- It will track 33 diseases now as compared to the earlier 18 diseases.
- It will provide health information system developed for real time, case-based information.
Integrated Health Information Platform
- World's biggest online disease surveillance platform, was launched.
- India is the first country in the world to adopt such an Advanced Digital Surveillance System.
Key points:
- IHIP is the next generation highly refined version of the presently used Integrated Disease Surveillance Programme digital platform.
- It is in sync with the National Digital Health Mission
- Fully compatible with the other digital information systems presently in use.
- It can easily be integrated with other ongoing surveillance program.
- having the feature of addition of special surveillance modules
- It will track 33 diseases now as compared to the earlier 18 diseases.
- It will provide health information system developed for real time, case-based information.
#PT2021
EatSmart Cities Challenge
- Launched recently by MoH&UA
- aims to motivate Smart Cities to develop a plan that supports a healthy, safe and sustainable food environment
- It is to be supported by institutional, physical, social, and economic infrastructure along with the application of ‘smart’ solutions to combat food related issues.
EatSmart Cities Challenge
- Launched recently by MoH&UA
- aims to motivate Smart Cities to develop a plan that supports a healthy, safe and sustainable food environment
- It is to be supported by institutional, physical, social, and economic infrastructure along with the application of ‘smart’ solutions to combat food related issues.
#PT2021
Transport4All Digital Innovation Challenge
- Launched recently by MoH&UA
- aims to develop digital solutions that will make public transport safe, affordable, comfortable, and reliable for all.
Transport4All Digital Innovation Challenge
- Launched recently by MoH&UA
- aims to develop digital solutions that will make public transport safe, affordable, comfortable, and reliable for all.
#Governmentinitiative
Aahaar Kranti
Aim:
1. to spread the message of the need for a nutritionally balanced diet.
2. to understand the importance of accessibility to all local fruits and vegetables.
- Launched by Vijnana Bharati (Vibha) and Global Indian Scientists’ and Technocrats’ Forum (GIST).
Motto - ‘Uttam Aahaar Uttam Vichaar’ or ‘Good Diet-Good Cognition’.
Function:
To address the ‘hunger and diseases in abundance’.
Focuses on:
1. To apply the knowledge of Ayurveda-based nutrition to practice
2. To rouse the people to the values of India’s traditional diet
3.Healing powers of local fruits and vegetables.
4.To promote better awareness, nutrition and agriculture.
5. Uttam evam santulit aahaar in locally sourced fruits and vegetables.
6. It will train the teachers.
Aahaar Kranti
Aim:
1. to spread the message of the need for a nutritionally balanced diet.
2. to understand the importance of accessibility to all local fruits and vegetables.
- Launched by Vijnana Bharati (Vibha) and Global Indian Scientists’ and Technocrats’ Forum (GIST).
Motto - ‘Uttam Aahaar Uttam Vichaar’ or ‘Good Diet-Good Cognition’.
Function:
To address the ‘hunger and diseases in abundance’.
Focuses on:
1. To apply the knowledge of Ayurveda-based nutrition to practice
2. To rouse the people to the values of India’s traditional diet
3.Healing powers of local fruits and vegetables.
4.To promote better awareness, nutrition and agriculture.
5. Uttam evam santulit aahaar in locally sourced fruits and vegetables.
6. It will train the teachers.
#Polity
Decriminalising Begging
News: The S C has asked the Centre and five States to file their response on a plea seeking a direction to repeal the provisions criminalising begging.
- Five states are: Maharashtra, Gujarat, Punjab, Haryana, Bihar.
Key points:
- criminalising the act of begging were violative of constitutional rights, specifically Article 21.
- This act make an unreasonable choice between committing a crime or not and starving.
- It has referred to the 2018 verdict of the Delhi High Court which had decriminalised begging in the national capital.
- The petition has sought directions to declare as “illegal and void".
- All provisions, except some sections, of
1. Bombay Prevention of Begging Act, 1959,
2. Punjab Prevention of Beggary Act, 1971,
3. Haryana Prevention of Begging Act, 1971
4. Bihar Prevention of Begging Act 1951.
Decriminalising Begging
News: The S C has asked the Centre and five States to file their response on a plea seeking a direction to repeal the provisions criminalising begging.
- Five states are: Maharashtra, Gujarat, Punjab, Haryana, Bihar.
Key points:
- criminalising the act of begging were violative of constitutional rights, specifically Article 21.
- This act make an unreasonable choice between committing a crime or not and starving.
- It has referred to the 2018 verdict of the Delhi High Court which had decriminalised begging in the national capital.
- The petition has sought directions to declare as “illegal and void".
- All provisions, except some sections, of
1. Bombay Prevention of Begging Act, 1959,
2. Punjab Prevention of Beggary Act, 1971,
3. Haryana Prevention of Begging Act, 1971
4. Bihar Prevention of Begging Act 1951.
#Governmentinitiative
Umngot River
News: People of Meghalaya’s villages fear the death of Umngot River.
Concern:
- Tourism-based livelihood threatened if the 210 MW hydroelectric project comes up.
Key points :
- Umngot River is considered as the cleanest river in India.
- In some parts this river is as transparent as crystal and you can actually see the river bed.
- This river, which flows in both India and Bangladesh, is in Meghalaya.
- It is the natural boundary between RiPnar (of Jaintia Hills) with HimaKhyrim (of Khasi Hills).
- Over this river hangs a single span suspension bridge called Dawki Bridge.
Umngot River
News: People of Meghalaya’s villages fear the death of Umngot River.
Concern:
- Tourism-based livelihood threatened if the 210 MW hydroelectric project comes up.
Key points :
- Umngot River is considered as the cleanest river in India.
- In some parts this river is as transparent as crystal and you can actually see the river bed.
- This river, which flows in both India and Bangladesh, is in Meghalaya.
- It is the natural boundary between RiPnar (of Jaintia Hills) with HimaKhyrim (of Khasi Hills).
- Over this river hangs a single span suspension bridge called Dawki Bridge.
#Governmentinitiative
Anamaya
- Anamaya is the Tribal Health Collaborative.
- Initiative: of Ministry of Tribal Affairs (MoTA).
- Supported by Piramal Foundation and Bill and Melinda Gates Foundation (BMGF).
Aim –
1.To end all preventable deaths among Indian tribal communities
2. Enhance the health and nutrition status of the tribal communities of India on a Mission Mode.
Function: It brings together governments, philanthropists, national and international foundations, NGOs/CBOs.
Anamaya
- Anamaya is the Tribal Health Collaborative.
- Initiative: of Ministry of Tribal Affairs (MoTA).
- Supported by Piramal Foundation and Bill and Melinda Gates Foundation (BMGF).
Aim –
1.To end all preventable deaths among Indian tribal communities
2. Enhance the health and nutrition status of the tribal communities of India on a Mission Mode.
Function: It brings together governments, philanthropists, national and international foundations, NGOs/CBOs.
#SnT
Serum Institute of India
- Serum Institute of India Pvt.
Ltd.
- World's largest vaccine manufacturer by number of doses produced and sold globally.
Based in Pune, Maharashtra.
Founded by Dr. Cyrus Poonawalla in 1966
Aim: to manufacture life-saving immuno-biologicals, which were in shortage in the country and imported at high prices.
Function:
1. It manufactures highly specialized life saving biologicals like vaccines
2. Uses cutting edge genetic and
cell based technologies, antisera, etc.
3. Vaccines manufactured by the Institute are accredited by the World Health Organization.
4. It sells BCG, polio vaccines, r-Hepatitis B, DTP etc.
Serum Institute of India
- Serum Institute of India Pvt.
Ltd.
- World's largest vaccine manufacturer by number of doses produced and sold globally.
Based in Pune, Maharashtra.
Founded by Dr. Cyrus Poonawalla in 1966
Aim: to manufacture life-saving immuno-biologicals, which were in shortage in the country and imported at high prices.
Function:
1. It manufactures highly specialized life saving biologicals like vaccines
2. Uses cutting edge genetic and
cell based technologies, antisera, etc.
3. Vaccines manufactured by the Institute are accredited by the World Health Organization.
4. It sells BCG, polio vaccines, r-Hepatitis B, DTP etc.
#Governmentinitiative
Oxygen Express
- Indian Railway is running Oxygen Expresses with Liquid Medical Oxygen (LMO) tankers in.
Aim: to the fight against Covid-19.
- First Oxygen Express is going to start its journey from Visakhapatnam to Mumbai.
- Through Ro-Ro service of Indian Railways.
- A green corridor was created between Lucknow to Varanasi.
- Another Oxygen Express that started its journey from Lucknow to Bokaro via Varanasi to fulfil the requirements of oxygen.
Oxygen Express
- Indian Railway is running Oxygen Expresses with Liquid Medical Oxygen (LMO) tankers in.
Aim: to the fight against Covid-19.
- First Oxygen Express is going to start its journey from Visakhapatnam to Mumbai.
- Through Ro-Ro service of Indian Railways.
- A green corridor was created between Lucknow to Varanasi.
- Another Oxygen Express that started its journey from Lucknow to Bokaro via Varanasi to fulfil the requirements of oxygen.
#Governmentinitiative
e-Property Cards
- Prime Minister will launch the distribution of e-property cards on 24th April.
- Comes under SWAMITVA scheme on National Panchayati Raj Day (24th April 2021).
- Property card for every property in the village is prepared by states.
- It will use accurate measurements delivered by drone-mapping mapping and surveying etc.
- These cards will be given to property owners.
- It will be recognized by the land revenue records department.
e-Property Cards
- Prime Minister will launch the distribution of e-property cards on 24th April.
- Comes under SWAMITVA scheme on National Panchayati Raj Day (24th April 2021).
- Property card for every property in the village is prepared by states.
- It will use accurate measurements delivered by drone-mapping mapping and surveying etc.
- These cards will be given to property owners.
- It will be recognized by the land revenue records department.
#Governmentinitiative
SVAMITVA Scheme
- It is a Survey of Villages and Mapping with Improvised Technology in Village Areas.
- Central Sector Scheme for mapping rural inhabited lands.
- Launched in 2020.
- It is a joint effort of the
1. Ministry of Panchayati Raj
2. State Panchayati Raj departments
3. State Revenue Departments and Survey of India.
Aim: It paves the way for using the property as a financial asset by villagers for availing loans and other financial benefits.
Function:
1. It will promote a socio-economically empowered and self-reliant rural India.
2. It will cover 6.62 Lakh villages of the country during 2021-2025.
- Pilot phase (during 2020-2021)
, Karnataka, Haryana, Uttar Pradesh, Uttarakhand, Madhya Pradesh and select villages of Punjab and Rajasthan.
SVAMITVA Scheme
- It is a Survey of Villages and Mapping with Improvised Technology in Village Areas.
- Central Sector Scheme for mapping rural inhabited lands.
- Launched in 2020.
- It is a joint effort of the
1. Ministry of Panchayati Raj
2. State Panchayati Raj departments
3. State Revenue Departments and Survey of India.
Aim: It paves the way for using the property as a financial asset by villagers for availing loans and other financial benefits.
Function:
1. It will promote a socio-economically empowered and self-reliant rural India.
2. It will cover 6.62 Lakh villages of the country during 2021-2025.
- Pilot phase (during 2020-2021)
, Karnataka, Haryana, Uttar Pradesh, Uttarakhand, Madhya Pradesh and select villages of Punjab and Rajasthan.
#Governmentinitiative
Pradhan Mantri Garib Kalyan Anna Yojana
Announced by the Union Government
Period: for the month of May and June 2021.
- PMGKAY is a part of Pradhan Mantri Garib Kalyan Package (PMGKP).
Aim: to ameliorate the hardships faced by the poor due to Covid-19 situation.
Key features:
- It has been decided to allocate an additional quota of free-of-cost food grains at 5 Kg per person per month.
- Nearly 80 Crore beneficiaries covered under National Food Security Act, 2013 (NFSA).
- The additional quota to the already subsidised 5 kg of food grains that is provided through the Public Distribution System (PDS) will be provided to beneficiaries covered under both categories of NFSA,
1. Antyodaya Anna Yojana (AAY)
2. Priority Householders (PHH).
- The Food Corporation of India will provide additional 80 LMT food grains in May and June 2021.
Pradhan Mantri Garib Kalyan Anna Yojana
Announced by the Union Government
Period: for the month of May and June 2021.
- PMGKAY is a part of Pradhan Mantri Garib Kalyan Package (PMGKP).
Aim: to ameliorate the hardships faced by the poor due to Covid-19 situation.
Key features:
- It has been decided to allocate an additional quota of free-of-cost food grains at 5 Kg per person per month.
- Nearly 80 Crore beneficiaries covered under National Food Security Act, 2013 (NFSA).
- The additional quota to the already subsidised 5 kg of food grains that is provided through the Public Distribution System (PDS) will be provided to beneficiaries covered under both categories of NFSA,
1. Antyodaya Anna Yojana (AAY)
2. Priority Householders (PHH).
- The Food Corporation of India will provide additional 80 LMT food grains in May and June 2021.
#SnT
Sero Survey
News: The third sero survey conducted within Mumbai.
Key points:
- It has shown the presence of
antibodies in 36.30% samples out of the total 10,197.
- The survey included blood samples of only those who had not been vaccinated were collected.
- The sero positivity rate has increased in non-slum areas compared with slum areas.
[Sero Positivity means positive result of a blood test for a particular antibody (a substance in the blood that fights a disease).]
- The health department of the Brihanmumbai Municipal Corporation (BMC) has recommended intensifying vaccinations among the general public as the best way to control the spread of the coronavirus.
Sero Survey
News: The third sero survey conducted within Mumbai.
Key points:
- It has shown the presence of
antibodies in 36.30% samples out of the total 10,197.
- The survey included blood samples of only those who had not been vaccinated were collected.
- The sero positivity rate has increased in non-slum areas compared with slum areas.
[Sero Positivity means positive result of a blood test for a particular antibody (a substance in the blood that fights a disease).]
- The health department of the Brihanmumbai Municipal Corporation (BMC) has recommended intensifying vaccinations among the general public as the best way to control the spread of the coronavirus.
#Governmentinitiative
PRAYAAS Scheme
- The Employees’ Provident Fund Organisation (EPFO) sent the pension payment orders to the retiring employees.
- This comes under the Employees’ Pension Scheme, 1995 through the “PRAYAAS” initiative.
- PRAYAAS is initiative of the EPFO to disburse pension payment order on the very day of retirement/ superannuation.
PRAYAAS Scheme
- The Employees’ Provident Fund Organisation (EPFO) sent the pension payment orders to the retiring employees.
- This comes under the Employees’ Pension Scheme, 1995 through the “PRAYAAS” initiative.
- PRAYAAS is initiative of the EPFO to disburse pension payment order on the very day of retirement/ superannuation.
#Current
Covid - A Vascular Disease
- A new study shows that the SARS-CoV-2’s spike proteins.
Key points:
- It help the virus infect its host by latching on to healthy cells and play a key role in the disease itself.
- Covid-19 is not only a respiratory disease, but also a vascular disease.
- The virus damages and attacks the vascular system on a cellular level.
- Covid-19’s wide variety of seemingly unconnected complications.
Covid - A Vascular Disease
- A new study shows that the SARS-CoV-2’s spike proteins.
Key points:
- It help the virus infect its host by latching on to healthy cells and play a key role in the disease itself.
- Covid-19 is not only a respiratory disease, but also a vascular disease.
- The virus damages and attacks the vascular system on a cellular level.
- Covid-19’s wide variety of seemingly unconnected complications.