10th and 11th July, 2021 – Daily News

Topics covered – first edition of Indo Pacific Business Summit , Covid-19 Emergency Response and Health System Preparedness – Phase II, Agriculture Infrastructure Fund’, Coconut Development Board Act, 1979, Digital Communications Commission , International Climate Summit 2021 , Madurai malli , System for Pension Administration Raksha (SPARSH, Akash Missile , personnel administration and governance reforms, High-Energy Laser for Multiple Application – Power , third Indian-American woman , Information Technology (Guidelines for Intermediaries and Digital Media Ethics Code) Rules, 2021, Iz-Kartex , India’s first integrated carbon black complex , Managing Director of National High Speed Rail Corporation Ltd, Wimbledon Grand Slam Tennis Tournament 2021 ,

Bulletins

  1. Confederation of Indian Industry (CII) has organised the first edition of Indo Pacific Business Summit from 6-8 July 2021 virtually, in association with Ministry of External Affairs.
  2. Union Cabinet has approved the scheme for Covid-19 Emergency Response and Health System Preparedness – Phase II.
  3. Union Cabinet has approved modifications in the central sector scheme of financing facility under ‘Agriculture Infrastructure Fund’.
  4. Union Cabinet has approved certain amendments to the Coconut Development Board Act, 1979.
  5. Digital Communications Commission (DCC), formerly the Telecom Commission, has cleared a provision of using satellite connectivity in telecom networks through VSAT terminal to provide services in remote areas where it is difficult to lay optical fibre network.
  6. India will host the International Climate Summit 2021 in New Delhi on 3rd September.
  7. Consignments of Geographical Indications (GI) certified Madurai malli and other traditional flowers such as button rose, lily, chamanthi and marigold were exported from Tamil Nadu to the US and Dubai.
  8. Ministry of Defence has implemented System for Pension Administration Raksha (SPARSH), an integrated system for automated sanction and disbursement of defence pension
  9. Bharat Dynamics has signed an agreement with the Ministry of Defence for supply of Akash Missile to Indian Air Force.
  10. Chief of Air Staff, MM Naravane, has held meetings with military leaders of UK and Italy during his European tour.
  11. India and Gambia have signed an MoU to strengthen and promote bilateral cooperation in personnel administration and governance reforms.
  12. Union Cabinet has approved the Memorandum on Cooperation (MoC) signed between Competition Commission of India (CCI) and Japan Fair Trade Commission (JFTC).
  13. Union Cabinet has approved the MoU signed between the Institute of Cost Accountants of India and the Association of Chartered Certified Accountants (ACCA) of United Kingdom.
  14. France has conducted advanced testing of High-Energy Laser for Multiple Application – Power (HELMA-P), a laser-powered cannon capable of destroying a moving drone.
  15. Sirisha Bandla (born in Andhra Pradesh) has become the third Indian-American woman to fly into space after Kalpana Chawla and Sunita Williams.
  16. Google has become the first SSMI [significant social media intermediary] platforms that has published its transparency report under new Information Technology (Guidelines for Intermediaries and Digital Media Ethics Code) Rules, 2021.
  17. Coal India Ltd has partnered with Iz-Kartex (a Russian company) for purchasing 11 20-cubic metre electric rope shovels at an estimated investment of ₹1,462 crore.
  18. Epsilon Carbon, a coal tar derivates company, has established India’s first integrated carbon black complex with ₹550 crore investment at Bellary, Karnataka.
  19. Satish Agnihotri has taken charge as Managing Director of National High Speed Rail Corporation Ltd.
  20. US President Joe Biden has nominated Los Angeles Mayor Eric Garcetti as his country’s ambassador to India.
  21. Novak Djokovic (Serbian) has won Wimbledon Grand Slam Tennis Tournament 2021 held at Wimbledon, UK.

Table of Content

National News

  1. Confederation of Indian Industry (CII) has organised the first edition of Indo Pacific Business Summit from 6-8 July 2021 virtually, in association with Ministry of External Affairs.
      • Theme – Developing A Roadmap for Shared Prosperity
      • Discussions ranged from strengthening physical and digital connectivity to climate change and blue economy.
      • Union Minister of Commerce & Industry, Piyush Goyal addressed the virtual event on India’s initiatives in the Indo-Pacific and inviting Indo-Pacific countries to invest in India.
  2. Union Cabinet has approved the scheme for Covid-19 Emergency Response and Health System Preparedness – Phase II.
      • Phase I was announced in March 2020. Total budget of Phase I was Rs 15,000 crores.M
      • The scheme was announced as part of the Economic Relief Package 2.0 by Finance Minister Nirmala Sitharaman.
      • Total Outlay – Rs 23,123 crores (Rs 15,000 cr. of Centre + Rs 8,123 cr. of State)
      • Tenure of applicability – July 1, 2021 to March 31, 2022
      • Focus – strengthening hospital infrastructure in all respects including Paediatric care and other wards.
      • Components – Central Sector and Centrally Sponsored
      • Under the Central Sector component, following measures will be taken:
Central Sector component Centrally Sponsored component
• Support will be provided to AIIMS, central hospitals, and other institutions under Ministry of Health and Family Welfare for repurposing over 6600 beds for Covid-19 patients. • Paediatric units will be established in all districts of India (736 districts).
• Paediatric Centre of Excellences will also be established in every state / UT for monitoring and supporting the Paediatric units.
• ** Paediatric means the branch of medicine that deals with children and their diseases.
• National Centre for Disease Control will be strengthened by leveraging technological support to the centre. The centre will get:
○ Genome Sequencing Machines;
○ Scientific Control Rooms;
○ Epidemic Intelligence Service;
○ Indian SARS-CoV-2 Genomics Consortium Secretariate’s support
• 20,000 ICU beds will be added. Of which, 20% will be for paediatric needs.
• e-Sanjeevani platform will be strengthened and expanded to give 5 lakh teleconsultations per day as against 50,000 at present.
• For increasing the reach of e-Sanjeevani platform, states/UTs need to enable the teleconsultations at the district level (particularly at Covid-19 Care Centres at present).
• Establishing over 1000 liquid medical oxygen storage tanks with medical gas pipeline system for each and every district.
• 8800 new ambulances will be brought in service.
• States would be supported to carry out at least 21.5 lakh tests a day.
Central Sector Scheme means the scheme which is 100% funded by the Central Govt. Centrally Sponsored Scheme means the scheme is funded by both Central and State govts.
  1. Union Cabinet has approved modifications in the central sector scheme of financing facility under ‘Agriculture Infrastructure Fund’.
      • Eligibility – Now, State Agencies/APMCs, National & State Federations of Cooperatives, Federations of Farmers Producers Organizations (FPOs) and Federations of Self Help Groups (SHGs) are also eligible to avail the benefit of the scheme.
      • Interest subvention – At present, interest subvention for a loan up to Rs. 2 crore in one location is eligible under the scheme.
        • In case, one eligible entity puts up projects in different locations then all such projects will now be eligible for interest subvention for loan up to Rs. 2 crore.
        • For a private sector entity, there will be a limit of a maximum of 25 such projects. However, this limitation of 25 projects will not be applicable to state agencies, national and state federations of cooperatives, federations of FPOs and federation of SHGs.
        • For APMCs, interest subvention for a loan up to Rs. 2 crore will be provided for each project of different infrastructure types e.g. cold storage, sorting, grading and assaying units, silos, etc. within the same market yard.
        • **Location will mean the physical boundary of a village or town having a distinct LGD (Local Government Directory) code.
      • Tenure – The period of financial facility has been extended from 4 to 6 years up to 2025-26 and overall period of the scheme has been extended from 10 to 13 up to 2032-33.
  2. About the Agriculture Infrastructure Fund (Initial Provisions):

      • In July 2020, Union Cabinet had approved Agriculture Infrastructure Fund (central sector scheme) to provide formal credit to farm and farm-processing based activities under the Rs. 20 lakh crore stimulus package.
      • Aim: To provide medium -long term debt financing facility for building the infrastructure for post-harvest management and community farming assets.
      • Duration: Financial Year 2020 to 2029
      • Beneficiaries: Primary Agricultural Credit Societies (PACS), Marketing Cooperative Societies, Farmer Producers Organizations (FPOs), Self Help Group (SHG), Farmers, Joint Liability Groups (JLG), Multipurpose Cooperative Societies, Agri-entrepreneurs and Central/State agencies or Local Bodies sponsored by Public Private Partnership Projects will get a loan of total Rs. 1 Lakh Crore.
      • Amount: Rs. 1 Lakh Crore loan will be disbursed in 4 years. In the 1st year, Rs. 10,000 crore and Rs. 30,000 crore each in next three financial years will be given.
      • Moratorium: for repayment may vary between 6 months to 2 years.
      • Interest Subvention: 3% per annum up to a limit of Rs. 2 crore for a maximum period of 7 years.
      • Guarantee: A credit guarantee for loans of up to Rs 2 crore will be given under Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) scheme. In case of FPOs, the credit guarantee will be given by FPO promotion scheme.
  3. Union Cabinet has approved certain amendments to the Coconut Development Board Act, 1979.
      • The post of Chairman of Coconut Development Board will be converted as Non-Executive Chairman.
      • There would be a CEO for executive powers.
      • Those who have field experience will be appointed as non-executive chairman of the board.
      • The Centre will nominate six members in the board from the current practice of four members from four states. Two more members from Andhra Pradesh and Gujarat will be appointed in the board.
      • The board can undertake activities outside the country also.
  4. Digital Communications Commission (DCC), formerly the Telecom Commission, has cleared a provision of using satellite connectivity in telecom networks through VSAT terminal to provide services in remote areas where it is difficult to lay optical fibre network.
      • VSAT stands for very small aperture terminal.
      • The DCC has approved the rollout of BharatNet project for broadband services in villages in 16 states in public private partnership mode with viability gap funding of ₹19,041 crore.
  5. India will host the International Climate Summit 2021 in New Delhi on 3rd September.
      • Norway will be the partner country in organizing the summit.
      • Niti Aayog, Ministry of Environment, Forest and Climate Change, Dept of Scientific and Industrial Research, CSIR, and the Dept of Science and Technology.
      • India’s focus in the summit will be ‘how to make India a global hub for hydrogen production’.
      • An International Hydrogen Alliance is likely to be set up during the summit.

Agriculture and Rural Development

  1. Consignments of Geographical Indications (GI) certified Madurai malli and other traditional flowers such as button rose, lily, chamanthi and marigold were exported from Tamil Nadu to the US and Dubai.
      • Madurai malli, a popular jasmine flower known for its fragrance, was given GI recognition in 2013.

Defence News

  1. Ministry of Defence has implemented System for Pension Administration Raksha (SPARSH), an integrated system for automated sanction and disbursement of defence pension
      • This web-based system processes pension claims and credits pension directly into the bank accounts of defence pensioners.
      • Under SPARSH, State Bank of India (SBI) and Punjab National Bank (PNB) – two largest banks dealing with defence pensioners – have been co-opted as Service Centres to provide last-mile connectivity to pensioners.
      • Several offices of the Defence Accounts Department, which are already functioning as Service Centres for pensioners.
  2. Bharat Dynamics has signed an agreement with the Ministry of Defence for supply of Akash Missile to Indian Air Force.
  3. Chief of Air Staff, MM Naravane, has held meetings with military leaders of UK and Italy during his European tour.
      • He inaugurated the Indian Army Memorial at Cassino, Italy.

Memorandum of Understanding

  1. India and Gambia have signed an MoU to strengthen and promote bilateral cooperation in personnel administration and governance reforms.
      • The cooperation in improving performance management system in government, implementation of contributory pension scheme and e-recruitment in government form part of the areas to be covered under the MoU.
  2. Union Cabinet has approved the Memorandum on Cooperation (MoC) signed between Competition Commission of India (CCI) and Japan Fair Trade Commission (JFTC).
      • The MoC was signed to promote and strengthen cooperation in the matter of Competition Law and Policy.
      • CCI will learn from the experiences of Japan and implement the Competition Act, 2002 more effectively.
      • Section 18 of the Competition Act, 2002 permits CCI to enter into any memorandum or arrangement with any agency of any foreign country for the purpose of discharging its duties or performing its functions under the Act.
  3. Union Cabinet has approved the MoU signed between the Institute of Cost Accountants of India and the Association of Chartered Certified Accountants (ACCA) of United Kingdom.
      • It will provide mutual advanced entry to the members of both the institutes through exemptions from appearing in the majority of papers to acquire the qualification of the other professional body and to undertake joint research, continuing professional development activities.

International News

  1. France has conducted advanced testing of High-Energy Laser for Multiple Application – Power (HELMA-P), a laser-powered cannon capable of destroying a moving drone.
      • It has been developed by laser and optics technology firm Cilas.
      • HELMA-P can neutralize in-flight targets up to one kilometre away in a matter of seconds.
      • The cannon will help secure major events, such as the Paris Olympic Games in 2024.
  2. Sirisha Bandla (born in Andhra Pradesh) has become the third Indian-American woman to fly into space after Kalpana Chawla and Sunita Williams.
      • She went to the space with 5 other people on Virgin Galactic’s SpaceShipTwo Unity.
      • Richard Branson started Virgin Galactic in 2004 with an aim to fly private citizens to the edge of space.

Banking & Economy

  1. Google has become the first SSMI [significant social media intermediary] platforms that has published its transparency report under new Information Technology (Guidelines for Intermediaries and Digital Media Ethics Code) Rules, 2021.
About the Information Technology (Guidelines for Intermediaries and Digital Media Ethics Code) Rules, 2021
The rules were drafted in February 2021. All the social media intermediaries, OTT (over the top) platforms, digital media platforms are mandated to abide by the rules by May 2021. Only few companies have complied with the new norms. Following are the provisions of the rules:
A) The rules divide the social media companies into two groups:
● Social Media Intermediary or SMI
● Significant Social Media Intermediary, or SSMI (which have more than 50 lakh users)
B) For both SMI and SSMI, there are common provisions. However, for SSMI, there are some extra provisions as well.
C) Provisions for both SMI and SSMI:
● All the platforms need to follow due diligence.
● Grievance Redressal Mechanism must be set up by all platforms.
● All these intermediary platforms need to ensure the safety and dignity of their users, especially women. On receipt of any complaint against inappropriate content, the platforms should remove the content within 24 hours.
● Voluntary User Verification Mechanism needs to be brought in by these intermediaries.
● Intermediaries must remove “unlawful” information, after receiving an order from the court or by any govt dept / ministry.
D) Additional Provisions for SSMI:
● These platforms need to appoint a Chief Compliance Officer (who should be an Indian resident). The CCO will ensure the intermediaries’ compliance with rules and regulations.
● A Nodal Contact Officer shall be appointed (who should be an Indian resident) who will remain in contact with the govt.
● A Resident Grievance Officer shall also be appointed under the Grievance Redressal Mechanism. S/ He should also be a resident of India.
● These companies need to publish a monthly compliance report.
● All SSMIs, especially those platforms which allow messaging service, shall enable the identification of originator of the information, in case of inappropriate messages.
E) Apart from these, ethics code for OTT platforms like Netflix, Hotstar, Amazon Prime etc. has also been issued.
● They need to self-classify the content according to different age groups.
● Platforms would be required to implement parental locks for content classified as U/A 13+ or higher, and reliable age verification mechanisms for content classified as “A”.
F) Regulatory mechanism for digital media platforms:
● Three tier structure – Self-Regulation by Publisher; Self-Regulatory Body of Publishers; and Oversight Mechanism (which requires the Ministry of Information and Broadcasting to formulate the mechanism).
● Upon receipt of any complaint, the grievance should be resolved within 15 days of complaint.
Digital Media Ethics Code
  1. Coal India Ltd has partnered with Iz-Kartex (a Russian company) for purchasing 11 20-cubic metre electric rope shovels at an estimated investment of ₹1,462 crore.
      • The delivery of all the electric rope shovels would be concluded by September 2023.
  2. Epsilon Carbon, a coal tar derivates company, has established India’s first integrated carbon black complex with ₹550 crore investment at Bellary, Karnataka.
      • The carbon black complex produces 1.15 lakh tonnes of materials for tyre, non-tyre rubber, and plastic masterbatch.
      • This complex basically uses waste coke oven gas from steel plant and provides the emitted gas back to the steel plant for pre-heating operations. Thus, it is highly ecological.

Appointments

  1. Satish Agnihotri has taken charge as Managing Director of National High Speed Rail Corporation Ltd.
  2. US President Joe Biden has nominated Los Angeles Mayor Eric Garcetti as his country’s ambassador to India.
Joe Biden & Eric Garcetti

Sports

  1. Novak Djokovic (Serbian) has won Wimbledon Grand Slam Tennis Tournament 2021 held at Wimbledon, UK.
      • It is his career’s 20th grand slam win and 6th Wimbledon win.
      • In women’s singles, Ashleigh Barty of Australia has won. It is her first Wimbledon win.
Novak Djokovic

Start Quiz of 10th and 11th July 2021

Q.1) Which of the following GI-certified flower has been recently exported to US and Dubai from Tamil Nadu?
Q.2) Which of the following banks is acting as the service center of Ministry of Defence’s System for Pension Administration Raksha (SPARSH) portal?
Q.3) With which African country has India signed an MoU to strengthen and promote bilateral cooperation in personnel administration and governance reforms?
Q.4) High-Energy Laser for Multiple Application – Power (HELMA-P) is a laser-powered cannon capable of destroying a moving drone of which country?
Q.5) Who has taken charge as Managing Director of National High Speed Rail Corporation Ltd?
Q.6) Who is the new US ambassador to India?
Q.7) Who has won Wimbledon Grand Slam Tennis Tournament 2021 in men’s singles?
Q.8) For how many years has the ‘Agriculture Infrastructure Fund’ scheme been launched?
Q.9) Which country is India’s partner country in organizing the International Climate Summit 2021?
Q.10) Where is India’s first integrated carbon black complex located?
CEO of Anujjindal.in


About Anuj Jindal

━━━━

Anuj Jindal, the founder, is an ex-manager from SBI, with an M.Com from Delhi School of Economics. He also has a JRF in Commerce & Management and NET in HRM, along with more than 4 years of experience in the field of Education.

0 Comments
Submit a Comment

Your email address will not be published. Required fields are marked *