#mains2022
Present State of Rupee:
The US Dollar was pegged at Rs. 80 for the first time recently. In this context, the Union Finance Minister Smt. Nirmala Sitharaman said that currencies such as the British Pound, the Japanese Yen and the Euro have weakened more than the Indian rupee against the US Dollar. In fact, the Indian Rupee has marginally strengthened or has at least held out against these currencies in 2022.
Former Chief Statistician of India, Shri Pronab Sen said, “It is important to remember that it is more of a story of the dollar strengthening than the rupee weakening.”
Present State of Rupee:
The US Dollar was pegged at Rs. 80 for the first time recently. In this context, the Union Finance Minister Smt. Nirmala Sitharaman said that currencies such as the British Pound, the Japanese Yen and the Euro have weakened more than the Indian rupee against the US Dollar. In fact, the Indian Rupee has marginally strengthened or has at least held out against these currencies in 2022.
Former Chief Statistician of India, Shri Pronab Sen said, “It is important to remember that it is more of a story of the dollar strengthening than the rupee weakening.”
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Today's MANTRA 🌱
🌺 A man who dares to waste one hour of time has not discovered the value of life. - Charles Darwin. 🌺
🌺 A man who dares to waste one hour of time has not discovered the value of life. - Charles Darwin. 🌺
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MGNAREGA, 2005 Scheme: (Rural Emplyment guarantee scheme)
-- 100 days work -- any rural household -- unskilled work
-- Registration ---> local gram panchayat(writing or orally)
-- job card within 15 days and work within 15 days
-- 5 km radius ---- if not -- 10% wage rate
-- unemployment allowances -- by state govt
-- minimum wage act, 1948 (wages decided)
-- 1/3rd women employee mandatory
-- creche, drinking water, shade mandatory requirements
-- 50% work -- by gram panchayat
-- 100 % wage cost of unskilled mannual labour and 75% material cost including wages of skilled and semi-skilled labour by Central govt
-- Social audit by gram sabha
-- wage rates notified by centre
-- drought -- 150 days of employment
-- state govt may give additional days-- section 3(4) -- cost born by state
--- Budget allocation-- 73000 Cr Rs
•Maximum increase - Goa(7.14%)
•Lowest increase - Meghalaya (1.77%)
•No change -- Manipur, Mizoram, Tripura
•Highest wage -- Haryana(331₹)
•Lowest wage -- MP (204 ₹) and Chhattisgarh
-- wages revised ---- Section 6(1) of MGNAREGA, 2005
-- State wise wage rate as per CPI-AL
-- creation of durable asset
-- priority to SC, ST Women
-- 60:40 --- wage:material ratio
-- Geo- MGNAREGA ------ MORD + NRSC( National remote sensing centre), ISRO, National informatics centre
-- FY2020-21 ---- 344 Cr persondays of employment till Feb 2021 ( 52% women persondays) (Can be quted for steps are taken by Govt for Women Empowerment)
#GovtScheme
-- 100 days work -- any rural household -- unskilled work
-- Registration ---> local gram panchayat(writing or orally)
-- job card within 15 days and work within 15 days
-- 5 km radius ---- if not -- 10% wage rate
-- unemployment allowances -- by state govt
-- minimum wage act, 1948 (wages decided)
-- 1/3rd women employee mandatory
-- creche, drinking water, shade mandatory requirements
-- 50% work -- by gram panchayat
-- 100 % wage cost of unskilled mannual labour and 75% material cost including wages of skilled and semi-skilled labour by Central govt
-- Social audit by gram sabha
-- wage rates notified by centre
-- drought -- 150 days of employment
-- state govt may give additional days-- section 3(4) -- cost born by state
--- Budget allocation-- 73000 Cr Rs
•Maximum increase - Goa(7.14%)
•Lowest increase - Meghalaya (1.77%)
•No change -- Manipur, Mizoram, Tripura
•Highest wage -- Haryana(331₹)
•Lowest wage -- MP (204 ₹) and Chhattisgarh
-- wages revised ---- Section 6(1) of MGNAREGA, 2005
-- State wise wage rate as per CPI-AL
-- creation of durable asset
-- priority to SC, ST Women
-- 60:40 --- wage:material ratio
-- Geo- MGNAREGA ------ MORD + NRSC( National remote sensing centre), ISRO, National informatics centre
-- FY2020-21 ---- 344 Cr persondays of employment till Feb 2021 ( 52% women persondays) (Can be quted for steps are taken by Govt for Women Empowerment)
#GovtScheme
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THOUGHT OF THE DAY
🌿 What you get by achieving your goals is not as important as what you become by achieving your goals.🌿
– Henry David Thoreau.
🌿 What you get by achieving your goals is not as important as what you become by achieving your goals.🌿
– Henry David Thoreau.
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National mission on Edible oils - oil palm(NMEO-OP):
(Ministry of agriculture)
-- Centrally sponsored
-- subsume the current National food security mission - oil palm programme
-- assurance -> farmers - viability gap funding (industry mandated to pay 14.3% of crude Palm oil(CPO)
-- Targets:
- 10 lakh hectare area under oil palm
- 11.2 lakh tonnes of production
-- Special Focus - North East and Andman and Nicobar Islands (govt will additionally bear a cost of 2% of CPO Price)
-- DBT
-- Financial assistance to farmers for planting materials:
- Rs 20000/ha -- domestic seedlings and Rs. 29000/ha for imported seedlings
- Rs. 250 per plant -- replant old gardens
- Special provisions for half-moon terrace cultivation, bio-fencing, land clearance along with integrated farming
-- Seed Gardens:(Supply of planting material) -- Rs 100 lakh for 15 ha in north east and andman and nicobar, Rs 80 lakh for 15 ha in rest of India
-- Funding - 60:40(general category states), 90:10(north east)
-- R&D projects, seed gardens, nurseries, viability gap funding ----- 100% GOI Share
- Sunset Clause -- 1st November 2037
#GovtScheme
(Ministry of agriculture)
-- Centrally sponsored
-- subsume the current National food security mission - oil palm programme
-- assurance -> farmers - viability gap funding (industry mandated to pay 14.3% of crude Palm oil(CPO)
-- Targets:
- 10 lakh hectare area under oil palm
- 11.2 lakh tonnes of production
-- Special Focus - North East and Andman and Nicobar Islands (govt will additionally bear a cost of 2% of CPO Price)
-- DBT
-- Financial assistance to farmers for planting materials:
- Rs 20000/ha -- domestic seedlings and Rs. 29000/ha for imported seedlings
- Rs. 250 per plant -- replant old gardens
- Special provisions for half-moon terrace cultivation, bio-fencing, land clearance along with integrated farming
-- Seed Gardens:(Supply of planting material) -- Rs 100 lakh for 15 ha in north east and andman and nicobar, Rs 80 lakh for 15 ha in rest of India
-- Funding - 60:40(general category states), 90:10(north east)
-- R&D projects, seed gardens, nurseries, viability gap funding ----- 100% GOI Share
- Sunset Clause -- 1st November 2037
#GovtScheme
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