17th-18th May, 2023
Mission DefSpace, ‘Mukhyamantri Sikho Kamao Yojana’, Himcare scheme, E-chits’ application, Mahatma Gandhi Rural Employment Guarantee Scheme (MGNREGS) workers, Indian Institute of Packaging, world’s first commercial space station, State Bank of India (SBI) Funds Management, integrated road safety enforcement system, Director General of International Organization of Migration, Petroleum and Natural Gas Regulatory Board, Chairperson of Competition Commission of India, International Day of Lights, International Day of Living Together in Peace, National Dengue Day, World AIDS Vaccine Day, International Museum Day, SP Hinduja, Robert Lucas Jr.
- In October 2022, the Prime Minister launched the Mission DefSpace during 12th DefExpo in Gandhinagar, Gujarat.
- Madhya Pradesh Chief Minister Shivraj Singh Chouhan has approved a new scheme ‘Mukhyamantri Sikho Kamao Yojana’ (‘Learn and Earn scheme’) for unemployed youths in the state.
- Himachal Pradesh CM Sukhvinder Singh Sukhu has launched the Himcare scheme for jail inmates, by providing Himcare cards to the prisoners at Model Central Jail Kanda in Shimla.
- Andhra Pradesh has launched ‘E-chits’ application to ensure better regulation of the chit fund businesses in the State.
- Kerala is set to become the first State to have a welfare fund for Mahatma Gandhi Rural Employment Guarantee Scheme (MGNREGS) workers.
- North Eastern Handicrafts and Handlooms Development Corporation Ltd. (NEHHDC) and Indian Institute of Packaging (IIP) have signed an MoU.
- Vast, a space habitation technologies company in US, has announced its plans to launch the world’s first commercial space station, called Haven-1, on a SpaceX Falcon 9 rocket to low-Earth orbit in 2025.
- State Bank of India (SBI) Funds Management has received the approval of the Reserve Bank of India (RBI) to acquire up to 9.99% stake in HDFC Bank.
- World Bank has approved a grant of Rs 51 crore to set up an integrated road safety enforcement system in Shimla and Nurpur police districts and develop the Palampur-Sheela chowk in Kangra as a “safe corridor”.
- Amy E. Pope has been elected as the next Director General of International Organization of Migration (a specialised organization of UN).
- Central government has appointed former Coal Secretary Anil Kumar Jain as the chairman of the Petroleum and Natural Gas Regulatory Board (PNGRB).
- Appointments Committee of the Cabinet (ACC) has approved the appointment of Ravneet Kaur as the Chairperson of Competition Commission of India (CCI).
- May 16 – International Day of Lights
- May 16 – International Day of Living Together in Peace
- May 16 – National Dengue Day
- May 18 – World AIDS Vaccine Day (red ribbon is used to spread awareness)
- May 18 – International Museum Day; Theme – ‘Museums, Sustainability and Well-being’
- SP Hinduja, the eldest of four Hinduja brothers and Hinduja Group chairman, has passed away.
- Nobel Prize winning American Economist Robert Lucas Jr. (Professor at the University of Chicago) has passed away.
Table of Content
National News
- In October 2022, the Prime Minister launched the Mission DefSpace during 12th DefExpo in Gandhinagar, Gujarat.
- The Mission had 75 Defence Space Challenges categorised into existing Department of Defence Production initiatives of iDEX, Make-I and Make-2.
- Private Industries, including Start-ups, MSMEs and Individual Innovators, are eligible to apply. They are required to innovate on –
- Launch System, Satellite System,
- Communication & Payload System,
- Ground System and,
- Software System
- In May, the Ministry of Defence has given 1st contract under Mission DefSpace to Thane-based InspeCity Space Laboratories.
- This contract was signed by Innovations for Defence Excellence (iDEX), the flagship initiative of Ministry of Defence. This contract is the 250th contract of the iDEX.
- iDEX has also signed the 100th contract under SPRINT (Navy) initiative with Siliconia Technologies Pvt Ltd.
- SPRINT challenge was launched in July 2022 for developing technologies for the Indian Navy.
- SPRINT stands for Supporting Pole-Vaulting in R&D through Innovations for Defence Excellence (iDEX), NIIO and Technology Development Acceleration Cell (TDAC).
| Knowledge Nuggets - |
|---|
| • The iDEX framework was launched in 2018 with the objective to engage start-ups to contribute to the defence sector and develop defence and aerospace technologies in the country. • iDEX is funded and managed by the ‘Defence Innovation Organization (DIO)’. • DIO has been formed as a ‘not for profit’ company as per Section 8 of the Companies Act 2013. • iDEX will function as the executive arm of DIO, carrying out all the required activities while DIO will provide high level policy guidance to iDEX. |
State News
- Madhya Pradesh Chief Minister Shivraj Singh Chouhan has approved a new scheme ‘Mukhyamantri Sikho Kamao Yojana’ (‘Learn and Earn scheme’) for unemployed youths in the state.
- Youth who have passed class 12th, ITI, Graduation and post-graduation, all of them will be eligible for the scheme and a stipend amount will also be given to them for learning skills.
Source: ANI
- Youth who have passed class 12th, ITI, Graduation and post-graduation, all of them will be eligible for the scheme and a stipend amount will also be given to them for learning skills.
- Himachal Pradesh CM Sukhvinder Singh Sukhu has launched the Himcare scheme for jail inmates, by providing Himcare cards to the prisoners at Model Central Jail Kanda in Shimla.
- Purpose – to cover the cost of treatment during their illness
- The state is already implementing Mukhya Mantri Sukh Aashray Scheme to provide comprehensive support to orphaned children up to 27 years of age.
- This includes covering their education and hostel expenses, providing them with a pocket allowance of ₹4,000 and offering financial assistance to construct homes.
- The state has also launched the integrated campaign ISHTH to provide free counselling, treatment and medicines for HIV, TB, STI and Hepatitis to the jail inmates during the campaign.
Source: HIndustan Times
- Andhra Pradesh has launched ‘E-chits’ application to ensure better regulation of the chit fund businesses in the State.
Source: The Hindu - Kerala is set to become the first State to have a welfare fund for Mahatma Gandhi Rural Employment Guarantee Scheme (MGNREGS) workers.
- The Ayyankali Urban Employment Guarantee Scheme workers will also be part of the welfare fund.
- The Welfare fund, which will provide the workers with pension, medical assistance, educational assistance for their children and other benefits, has been formed as per the Kerala Employment Guarantee Workers’ Welfare Fund Act, 2021.
Source: The Hindu
Memorandum of Understanding
- North Eastern Handicrafts and Handlooms Development Corporation Ltd. (NEHHDC) and Indian Institute of Packaging (IIP) have signed an MoU.
- Purpose – to enhance the packaging and branding of handloom and handicraft products from the North Eastern region, promote the use of eco-friendly and sustainable packaging, and to increase their visibility and marketability
| Knowledge Nuggets - |
|---|
| • Indian Institute of Packaging (IIP) is an autonomous body which was set up in 1966 by the packaging and allied industries under the Ministry of Commerce for improving the packaging standards in the country. |
Source: Economic Times
International News
- Vast, a space habitation technologies company in US, has announced its plans to launch the world’s first commercial space station, called Haven-1, on a SpaceX Falcon 9 rocket to low-Earth orbit in 2025.
- The mission will be quickly followed by Vast-1, the first human spaceflight mission to Haven-1 on a SpaceX Dragon spacecraft.
Source: Vast
- The mission will be quickly followed by Vast-1, the first human spaceflight mission to Haven-1 on a SpaceX Dragon spacecraft.
Banking and Economy
- State Bank of India (SBI) Funds Management has received the approval of the Reserve Bank of India (RBI) to acquire up to 9.99% stake in HDFC Bank.
Source: Business Standard - World Bank has approved a grant of Rs 51 crore to set up an integrated road safety enforcement system in Shimla and Nurpur police districts and develop the Palampur-Sheela chowk in Kangra as a “safe corridor”.
- A traffic enforcement control room will be set up in Shimla and the allocation of funds for interceptors and patrol vehicles, an intelligent traffic management system, artificial intelligence (AI) cameras and rescue equipment will be made.
Source: The Print
- A traffic enforcement control room will be set up in Shimla and the allocation of funds for interceptors and patrol vehicles, an intelligent traffic management system, artificial intelligence (AI) cameras and rescue equipment will be made.
Appointments
- Amy E. Pope has been elected as the next Director General of International Organization of Migration (a specialised organization of UN).
| Knowledge Nuggets - |
|---|
| • Established – 1951 as Provisional Intergovernmental Committee for the Movement of Migrants from Europe (PICMME) • 1989 – The name was changed to International Organization for Migration (IOM) • Members - 175 countries and 8 states hold observer status • Secretariate – Geneva, Switzerland |
Source: International Organization of Migration, IOM
- Central government has appointed former Coal Secretary Anil Kumar Jain as the chairman of the Petroleum and Natural Gas Regulatory Board (PNGRB).
| Knowledge Nuggets - |
|---|
| • The Petroleum and Natural Gas Regulatory Board (PNGRB) is a statutory body, constituted under The Petroleum and Natural Gas Regulatory Board Act, 2006 in March 2006. • Purpose - to regulate the refining, processing, storage, transportation, distribution, marketing and sale of petroleum, petroleum products and natural gas excluding production of crude oil and natural gas o It also aims to ensure uninterrupted and adequate supply of petroleum, petroleum products and natural gas in all parts of the country. |
Source: MoneyControl and
- Appointments Committee of the Cabinet (ACC) has approved the appointment of Ravneet Kaur as the Chairperson of Competition Commission of India (CCI).
- She has been appointed for a period of 5 years from the date of assumption of charge of the post or till the date of attaining the age of 65 years.
| Knowledge Nuggets - |
|---|
| • The Competition Act, 2002 was passed by the Parliament in the year 2002, to which the President accorded assent in January, 2003. It was subsequently amended by the Competition (Amendment) Act, 2007. • The Competition Commission of India is a statutory body under the administrative aegis of Ministry of Corporate Affairs. • The Commission has a chairperson and six members. |
Source: Hindu Business Line and CCI
Important Days
- May 16 – International Day of Lights
Source: UNESCO - May 16 – International Day of Living Together in Peace
Source: UNESCO - May 16 – National Dengue Day
Source: Business Standard - May 18 – World AIDS Vaccine Day (red ribbon is used to spread awareness)
Source: Moneycontrol - May 18 – International Museum Day; Theme – ‘Museums, Sustainability and Well-being’
Source: PIB
Miscellaneous
- SP Hinduja, the eldest of four Hinduja brothers and Hinduja Group chairman, has passed away.
Source: LiveMint - Nobel Prize winning American Economist Robert Lucas Jr. (Professor at the University of Chicago) has passed away.
Source: Indian Express
About Anuj Jindal
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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.
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