12th January, 2024
Amrit Dharohar Capacity Building Scheme, Wetland City Accreditation, Ramsar Convention, Flight Duty Time Limitations, 1st Growth Liquid Exchange-Traded Fund (ETF) of India, Global Economic Prospects, Exercise Sea Dragon 24, National Road Safety Week, National Human Trafficking Awareness Day, Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC), Modi: Energising a Green Future
- Ministry of Tourism (MoT) in collaboration with the Ministry of Environment, Forest & Climate Change (MoEF&CC) has launched the 5th training program under the Amrit Dharohar Capacity Building Scheme in Chilika Lake, Odisha.
- Ministry of Health and Family Welfare (MoHFW) has notified the revised rules under Schedule M of the Drugs and Cosmetics Rules, 1945.
- Ministry of Environment, Forest, and Climate Change has submitted proposals for Wetland City Accreditation (WCA) under the Ramsar Convention on Wetlands for cities of Indore, Bhopal and Udaipur.
- Directorate General of Civil Aviation (DGCA) has made significant changes in the regulations related to Flight Duty Time Limitations (FDTL) for flight crew to address fatigue among pilots and crew and enhance overall flight safety.
- Punjab has become the first state to map accident black spots as part of the Road Safety.
- Zerodha Fund House has announced the launch of 1st Growth Liquid Exchange-Traded Fund (ETF) of India.
- World Bank has kept GDP growth of India in FY25 (2024-2025) estimate unchanged at 6.4% in its biannual ‘Global Economic Prospects’ report.
- Indian Navy’s (IN) P8I aircraft has participated in the ongoing 4th edition of the anti-submarine warfare (ASW) ‘Exercise Sea Dragon 24‘ from January 10th to January 22nd, 2024 at Anderson Air Force Base in Guam, United States of America (USA).
- January 11 to January 17 – National Road Safety Week
- January 11– National Human Trafficking Awareness Day
- Karnataka Bank has partnered with fintech company Digivriddhi (DGV) to offer financial services catering to the needs of dairy farmers and milk societies.
- Senior diplomat of India, Indra Mani Pandey has assumed the position of Secretary General (SG) of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC).
- Union Minister Bhupendra Yadav has launched book titled ‘ Modi: Energising a Green Future‘.
Table of Content
National News
- Ministry of Tourism (MoT) in collaboration with the Ministry of Environment, Forest & Climate Change (MoEF&CC) has launched the 5th training program under the Amrit Dharohar Capacity Building Scheme in Chilika Lake, Odisha.
- Key points-
- Two training programmes of 15 days each namely the Alternative Livelihood program (ALP), and the Paryatan Navik Certificate (PNC) will be conducted.
- A total of 60 participants (30 for each course) were identified from the local communities in and around Chilika Lake to impart trainings and subsequently certifying them as nature-guides.
- It is part of the ongoing effort of enhancing livelihood opportunities for local communities through harnessing the nature-tourism potential of the Ramsar Sites across the country under the Amrit Dharohar Initiative of the MoEF&CC.
- Key points-
| Knowledge Nuggets - |
|---|
|
About Amrit Dharohar Scheme- • It was launched to highlight the importance of local communities in conserving the wetland ecosystem and to promote their unique conservation values. • Its objective is to encourage optimal use of wetlands, and enhance bio-diversity, carbon stock, eco-tourism opportunities and income generation for local communities. • Launched in- June 2023 (Announced in Union Budget 2023-24) • Nodal Ministry- Ministry of Environment, Forest & Climate Change (MoEFCC) |
Source: PIB
- Ministry of Health and Family Welfare (MoHFW) has notified the revised rules under Schedule M of the Drugs and Cosmetics Rules, 1945.
- Objective-
- To bring better compliance with quality standards.
- What is Schedule M?
- Schedule M prescribes the good manufacturing practices (GMP) for pharmaceutical products.
- Major changes introduced in the revised Schedule M include-
- Introduction of a pharmaceutical quality system (PQS),
- Quality risk management (QRM), product quality review (PQR),
- Qualification and validation of equipment, and
- Computerised storage system for all drug products
- How revised regulations of Schedule M will help ?
- It will enhance adherence to global quality standards, ensuring the production of safe and effective drugs for the benefit of patients and the industry.
- How new rules will be implemented?
- Revised rules will be implemented on the basis of company turnovers.
- Medium and small manufacturers with an annual turnover of less than Rs 250 crore will have to implement the revised rules within 12 months from its date of publication.
- Large manufacturers with an annual turnover of over Rs 250 crore will be given 6 months to do so.
Source: Business Standard
- Objective-
- Ministry of Environment, Forest, and Climate Change has submitted proposals for Wetland City Accreditation (WCA) under the Ramsar Convention on Wetlands for cities of Indore, Bhopal and Udaipur.
- Key points-
- These are the first 3 Indian cities for which nominations have been submitted for WCA.
- Nominations are based on the proposals received from respective State Wetlands Authorities in collaboration with the Municipal Corporations.
- What is Wetland City Accreditation (WCA)?
- It is a voluntary accreditation system established by the Ramsar Convention during the Conference of Parties (COP) 12, 2015.
- Objective-
- To promote the conservation and wise use of urban and peri-urban wetlands and recognize cities which have taken exceptional steps to safeguard their urban wetlands.
- For the Wetland City Accreditation, city should satisfy the standards used to implement each of the 6 international criteria mentioned Operational Guidance for WCA of the Ramsar Convention on Wetlands.
- Wetlands which are situated in and around the nominated Indian cities are–
- Indore (Madhya Pradesh) – Sirpur Wetland (Ramsar site) and Yashwant Sagar (Ramsar site)
- Bhopal (Madhya Pradesh)– Bhoj Wetland (Ramsar site)
- Udaipur (Rajasthan)– City is surrounded by 5 major wetlands, namely, Pichola, Fateh Sagar, Rang Sagar, Swaroop Sagar, and Doodh Talai
- Key points-
| Knowledge Nuggets - |
|---|
|
What is Ramsar Site- • A Ramsar site refers to a wetland of international significance designated under the Ramsar Convention, also recognized as the 'Convention on Wetlands.' • This environmental treaty was established by UNESCO in 1971 and takes its name from Ramsar, Iran, where the convention was initially signed. • Ramsar recognition involves identifying globally significant wetlands, particularly those serving as habitats for waterfowl, encompassing approximately 180 bird species. • India currently has 75 sites designated as Wetlands of International Importance (Ramsar Sites). • Sundarbans in West Bengal is the largest Ramsar site in India. |
Source: PIB
- Directorate General of Civil Aviation (DGCA) has made significant changes in the regulations related to Flight Duty Time Limitations (FDTL) for flight crew to address fatigue among pilots and crew and enhance overall flight safety.
- Key Highlights of the revised FDTL Regulations:
- Revised FDTL regulations are effective forthwith and the airline operators are required to comply with the revised regulations latest by 1st June, 2024.
- The changes have been done in following-
- Extended Weekly Rest Periods for flight crew
- Night Duty
- Maximum Flight Time, Maximum Flight Duty Periods and Number of Landings during night
- Key Highlights of the revised FDTL Regulations:
| Knowledge Nuggets - |
|---|
|
About DGCA- • It is the regulatory body in the field of Civil Aviation primarily dealing with safety issues. • Headquarter- New Delhi • Director General- Vikram Dev Dutt |
Source: PIB
State News
- Punjab has become the first state to map accident black spots as part of the Road Safety.
- Objective-
- To elevate the overall safe driving experience on roads of Punjab.
- key points-
- Punjab Police has mapped all 784 accident black spots across the state on their navigation system Mappls App in collaboration with MapMyIndia.
- Citizens navigating using Mappls App will now receive voice alerts in Punjabi alerting the commuters about the black spot ahead.
Source: Indian Express
- Objective-
Banking and Economy
- Zerodha Fund House has announced the launch of 1st Growth Liquid Exchange-Traded Fund (ETF) of India.
- Key points-
- Listing date– Expected to list on NSE and BSE exchanges by 24th January 2024.
- Minimum application amount– ₹500
- ETF is named Zerodha Nifty 1D Rate Liquid ETF, it will replicate the Nifty 1D Rate Index.
- It primarily invests in TREPS (Treasury Bills Repurchase) traded on CCIL (Clearing Corporation of India Limited) platform.
- It carries low credit risk and low-interest rate risk because the investment is made in short term debt product backed by treasury bills.
- It offers a Growth NAV for the first time in India
- Key points-
| Knowledge Nuggets - |
|---|
|
About Zerodha Fund House- • Zerodha fund house is a joint venture between Zerodha and Fintech platform smallcase. What is Nifty 1D Rate Index? • It is an index which measures the returns generated by market participants lending in the overnight market. |
Source: ET
GDP Forecasts
- World Bank has kept GDP growth of India in FY25 (2024-2025) estimate unchanged at 6.4% in its biannual ‘Global Economic Prospects’ report.
- Growth projection for India-
- Estimated growth in FY24 (2023-24)- 6.3%
- Estimated growth in FY26 (2025-26)- 6.5%
- Projection of 6.4% growth for FY25 is based on strong domestic demand, increased public infrastructure spending, and robust private-sector credit growth.
- Growth of India is driven by robust public investment and vibrant services activity.
- Global Economic Outlook-
- Global economy is expected to slow for a 3rd consecutive year in 2024.
- Growth projection for India-
| Knowledge Nuggets - |
|---|
|
About World Bank- • It is an international financial institution which provides loans and grants to the governments of low and middle-income countries for the purpose of pursuing capital projects. • It was created at Bretton Woods Conference, along with the International Monetary Fund (IMF). • Headquarters- Washington DC, USA • Established- 1944 • President- Ajay Banga |
Source: Business Standard
Defence News
- Indian Navy’s (IN) P8I aircraft has participated in the ongoing 4th edition of the anti-submarine warfare (ASW) ‘Exercise Sea Dragon 24‘ from January 10th to January 22nd, 2024 at Anderson Air Force Base in Guam, United States of America (USA).
- Objective-
- To achieve high levels of synergy and coordination between friendly navies, which is based on their shared values and commitment to an open, inclusive Indo Pacific.
- About Exercise Sea Dragon 24-
- Participants- Six countries that are participating in the exercise are India, USA, Australia, Japan, Canada, and the Republic of Korea (South Korea).
- It is 4th edition of the coordinated multi-lateral ASW exercise for Long Range MR ASW aircraft conducted by US Navy.
- It would stress on coordinated anti-submarine warfare amongst the participating countries.
Source: indiannavy.nic.in
- Objective-
Important Days
- January 11 to January 17 – National Road Safety Week
Source: Quint - January 11– National Human Trafficking Awareness Day
Source: Business Standard
Memorandum of Understanding
- Karnataka Bank has partnered with fintech company Digivriddhi (DGV) to offer financial services catering to the needs of dairy farmers and milk societies.
- Objective-
- To facilitate institutional credit, streamline payment processes, and introduce digitalization throughout the dairy value chain.
- Key points-
- Services will be provided at village dairy co-operative societies associated with milk unions of Karnataka Milk Federation (KMF).
- ‘DGV Pay’ product will simplify the payments value chain for dairy farmers and micro-enterprises helping with their basic banking needs.
- ‘DGV Money’ product is built with a unique underwriting mechanism that facilitates digital working capital and bovine loans to farmers.
- ‘DGV Connect’ is built to address the gaps in bovine discovery, pricing and productivity with embedded financing options
- Objective-
| Knowledge Nuggets - |
|---|
|
About Karnataka Bank- • It is an Indian private sector bank. • Headquarters- Mangalore, Karnataka • Established- 1924 |
Source: Hindu BusinessLine
Appointments
- Senior diplomat of India, Indra Mani Pandey has assumed the position of Secretary General (SG) of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC).
- Key points-
- Tenure- 3 Years
- He will succeed Tenzin Lekphell of Bhutan, who is the 4th SG of BIMSTEC.
- He became the 1st Indian to hold this post.
- Key points-
| Knowledge Nuggets - |
|---|
|
About BIMSTEC- • Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is a regional multilateral organisation. • It consists 7 members out of which 5 are from South Asia (Bangladesh, Bhutan, India, Nepal, and Sri Lanka) and 2 are from Southeast Asia (Myanmar and Thailand). • It was established in 1997 through the Bangkok Declaration. |
Source: AIR
Miscellaneous
- Union Minister Bhupendra Yadav has launched book titled ‘Modi: Energising a Green Future’.
- More about book-
- Published by– Pentagon Press in association with Dr. Shyama Prasad Mookerjee Research Foundation
- The book analyzes PM Narendra Modi’s environmental leadership, which highlighting ambitious contributions of India to a sustainable and eco-friendly future.
Source: ANI
- More about book-
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 5 years of experience in the field of Education.
0 Comments