25th November, 2021 – Daily News

Topics covered – World’s tallest bridge pier , 1st International Conference on Hydrogen Energy , India Young Water Professional Program , DBT-National Brain Research Centre , project SWADESH, RCS-UDAN , ‘Promoting Market Transformation for Energy Efficiency in Micro, Small and Medium Enterprises’, National Apprenticeship Training Scheme , “Ocean Services, Modelling, Application, Resources and Technology (O-SMART)”., India’s fight against climate change , “Atmosphere & Climate Research-Modelling Observing Systems & Services (ACROSS)” , ‘Digital Banks: A Proposal for Licensing and Regulatory Regime for India’ , Pradhan Mantri Awas Yojana-Urban, schemes and initiatives for Jammu & Kashmir, ‘Call your Cop’ mobile app , school education project in Andhra Pradesh, AP Motor Vehicles Taxation (Amendment) Bill 2021 , growing organic Kiwis , India-Indonesia Coordinated Patrol (CORPAT) , 2+2 Ministerial Dialogue, th ASEM (Asia- Europe Meeting) Summit , 5th World Congress on Disaster Management , NASA’s Hubble Telescope , “Prawn Nebula”, , 20th Meeting of SCO Council of Heads of Government , Global Nutrition Report 2021 , ClickPay’ platform, Malkapur Urban Co-operative Bank, , Bondskart.com, Goldman Sachs , Chairman of the Central Board of Indirect Taxes and Customs , first female PM of Sweden, National Milk Day.

Bulletins

  1. Indian Railways is constructing the world’s tallest bridge pier in Manipur which is a part of 111 km long Jiribam-Imphal railway project.
  2. 1st International Conference on Hydrogen Energy – Policies, Infrastructure Development and Challenges – is organized by Central Board of Irrigation and Power (CBIP) with the support of Ministry of New & Renewable Energy, Central Electricity Authority and NTPC in New Delhi.
  3. India Young Water Professional Program has been launched by Australian Water Partnership, in collaboration with National Hydrogen Project of the Ministry of Jal Shakti.
  4. DBT-National Brain Research Centre has launched project SWADESH, to make data and analytics on certified neuroimaging, neurochemical, neuropsychological domains accessible to researchers for managing brain disorders.
  5. Online travel services firm MakeMyTrip partnered with the Ministry of Civil Aviation to promote regional air connectivity through the RCSUDAN scheme.
  6. Energy Efficiency Services Ltd. (EESL) has collaborated with the Global Environmental Facility (GEF), Ministry of MSME, and the UN Industrial Development Organisation (UNIDO) to implement the ‘Promoting Market Transformation for Energy Efficiency in Micro, Small and Medium Enterprises’ (MSME).
  7. Union Cabinet has extended the National Apprenticeship Training Scheme for the next 5 years.
  8. Cabinet Committee on Economic Affairs has approved the continuation of the umbrella scheme “Ocean Services, Modelling, Application, Resources and Technology (O-SMART)”.
  9. Germany has made commitments of EUR 1.2 billion (approx. INR 10,025 crore) to help India’s fight against climate change and for cooperation on clean energy.
  10. Cabinet Committee on Economic Affairs has approved the continuation of the umbrella scheme “Atmosphere & Climate Research-Modelling Observing Systems & Services (ACROSS)” along with its 8 sub-schemes from 2021-2026.
  11. NITI Aayog has released a discussion paper titled ‘Digital Banks: A Proposal for Licensing and Regulatory Regime for India’ seeking comments till December 31, 2021.
  12. Ministry of Housing and Urban Affairs has approved the construction of 3.61 lakh houses under Pradhan Mantri Awas Yojana-Urban.
  13. Ministry of Finance has announced a number of new schemes and initiatives for Jammu & Kashmir, during her visit.
  14. Nagaland has launched the ‘Call your Cop’ mobile app at Police Headquarters in Kohima.
  15. World Bank will provide a $250 million loan for a school education project in Andhra Pradesh.
  16. Andhra Pradesh govt has introduced the AP Motor Vehicles Taxation (Amendment) Bill 2021 to levy a Green Tax.
  17. Arunachal Pradesh is the first state in India to get certification for growing organic Kiwis that are now ready for exports to other countries.
  18. 37th edition of India-Indonesia Coordinated Patrol (CORPAT) is being held in the Indian Ocean region.
  19. India and Russia will hold the 1st edition of their 2+2 Ministerial Dialogue in December 2021, for which Russian PM Vladimir Putin will visit in India.
  20. 13th ASEM (Asia- Europe Meeting) Summit – a biennial summit – was held virtually on the theme of “Strengthening Multilateralism for Shared Growth”.
  21. 5th World Congress on Disaster Management was virtually organized by India.
  22. NASA’s Hubble Telescope has detected “Prawn Nebula”, which emits light.
  23. 20th Meeting of SCO Council of Heads of Government (CHG) was held in Nur-Sultan, under the Chairmanship of Kazakhstan. It was a virtual meeting.
  24. Global Nutrition Report 2021 has been released.
  25. Equitas Small Finance Bank has partnered with HDFC Bank for the launch of its new co-branded credit cards, to provide the company with the facilities of the banking ecosystem.
  26. NPCI Bharat BillPay has onboarded Tata Power on its ‘ClickPay’ platform, which facilitates recurring payment in a hassle free manner.
  27. India and the Asian Development Bank have signed a $300 million (over Rs 2,200 crore) loan to strengthen and improve access to comprehensive primary healthcare in urban areas of 13 states.
  28. 10th edition of Microfinance Pulse, a quarterly publication by SIDBI and Equifax India, has been released.
  29. RBI has imposed restrictions on Malkapur Urban Co-operative Bank, Maharashtra due to deterioration in its financial position.
  30. JM Financial Products has launched the com, a digital application that would enable retail investors to trade or invest in fixed income securities including corporate bonds.
  31. Goldman Sachs has forecasted a 1% GDP growth rate for India for FY22.
  32. Government has appointed senior bureaucrat Vivek Johri as the Chairman of the Central Board of Indirect Taxes and Customs (CBIC).
  33. Magdalena Andersson has been appointed as the first female PM of Sweden.
  34. National Milk Day is observed on November 26 across India, in memory of the father of the white revolution, Dr Verghese Kurien.

Table of Content

National News

  1. Indian Railways is constructing the world’s tallest bridge pier in Manipur which is a part of 111 km long Jiribam-Imphal railway project.
  2. 1st International Conference on Hydrogen Energy – Policies, Infrastructure Development and Challenges – is organized by Central Board of Irrigation and Power (CBIP) with the support of Ministry of New & Renewable Energy, Central Electricity Authority and NTPC in New Delhi.
      • The conference has been sponsored by NHPC Ltd., SJVNL as Platinum Sponsor and by POWERGRID and THDC Ltd. as Silver Sponsors.
  3. India Young Water Professional Program has been launched by Australian Water Partnership, in collaboration with National Hydrogen Project of the Ministry of Jal Shakti.
      • This is the first edition of the program.
      • Purpose – to train professionals working, in the field of water, with necessary skills to address the water needs of India.
      • Training tools – on-line lectures, workshops, discussions etc.
      • Phases – In the first phase, 20 participants are allowed. Later on, based on the success of Phase 1, this program will be expanded.
      • Background – During the National Hydrology Project (NHP) on ‘Sustainable Water Management’ in November 2019, India and Australia had agreed to launch this program.
  4. DBT-National Brain Research Centre has launched project SWADESH, to make data and analytics on certified neuroimaging, neurochemical, neuropsychological domains accessible to researchers for managing brain disorders.
      • SWADESH is the first large-scale multimodal neuroimaging database, designed specifically for Indian population with big-data architecture and analytics for various disease categories under one platform.
      • Tools developed under SWADESH project
        • GAURI system – It uses adaptive pattern recognition and learning schemes for predictive single or differential diagnosis, designed with MRI modalities and neuropsychological batteries.
        • NINS-STAT – It is a high-performance state-of-the-art automated statistical test selection and execution software package with high applicability in clinical research.
        • KALPANA – It is an integrative package for visualization, pre-processing, and quantitation of MRS data.
        • PRATEEK – It analyses multimodal neuroimaging data that minimizes the need for expertise in handling different neuroimaging tools for processing and analysing multimodal data.
        • Stimulus Timing Integrated Module (STIM) – It is used for functional MRI-related purposes, mapping brain activity non-invasively in normal healthy condition and clinical evaluation of various brain disorders.
  5. Online travel services firm MakeMyTrip partnered with the Ministry of Civil Aviation to promote regional air connectivity through the RCSUDAN scheme.
      • MakeMyTrip will now provide information, sourced from the AirSewa portal of the Ministry of Civil Aviation, on its platform.
      • The AirSewa Portal provides information about the air travel and registers complains of customers. The portal also provides information on UDAN air flights.
  6. Energy Efficiency Services Ltd. (EESL) has collaborated with the Global Environmental Facility (GEF), Ministry of MSME, and the UN Industrial Development Organisation (UNIDO) to implement the ‘Promoting Market Transformation for Energy Efficiency in Micro, Small and Medium Enterprises’ (MSME).
      • The project aims at promoting market transformation for energy efficiency in the MSME sector.
      • 35 energy-efficient technologies will be deployed in MSMEs, as part of this project.
  7. Union Cabinet has extended the National Apprenticeship Training Scheme for the next 5 years.
      • The Cabinet also approved Rs 3,054 crores for stipend under the scheme during FY22 to FY26. This is about 4.5 times the expenditure made during the previous 5 years.
      • Under the scheme, industry and commercial organisations will train approximately 9 lakhs apprentices.
      • Apprentices (graduates in Engineering, Science, Humanities, and Commerce) will be given stipend of Rs 9,000, while the apprentices completing diploma in the above-mentioned fields, will be given stipend of Rs 8,000 per month.
  8. Cabinet Committee on Economic Affairs has approved the continuation of the umbrella scheme “Ocean Services, Modelling, Application, Resources and Technology (O-SMART)”.
      • O-SMART was launched in 2018 by the Ministry of Earth Sciences for providing forecast and services based on the continuous observation of our oceans and development of technologies.
      • The schemes also undertake exploratory surveys for sustainable harnessing of our oceanic resources (both living and non-living).
      • The scheme has continued for a period from 2021 to 2026.
      • The estimated cost of the scheme is Rs 2177 Crore.
      • Implementing agencies of O-SMART
        • National Institute of Ocean Technology (NIOT), Chennai
        • Indian National Centre for Ocean Information Services (INCOIS), Hyderabad
        • National Centre for Polar and Ocean Research (NCPOR), Goa
        • Centre for Marine Living Resources and Ecology (CMLRE), Kochi
        • National Centre for Coastal Research (NCCR), Chennai
      • Sub-Schemes
        • Ocean Technology
        • Ocean Modelling and Advisory Services (OMAS)
        • Ocean Observation Network (OON)
        • Ocean Non-Living Resources
        • Marine Living Resources and Ecology (MLRE)
        • Coastal Research
        • Operation and Maintenance of Research Vessels
  9. Germany has made commitments of EUR 1.2 billion (approx. INR 10,025 crore) to help India’s fight against climate change and for cooperation on clean energy.
  10. Cabinet Committee on Economic Affairs has approved the continuation of the umbrella scheme “Atmosphere & Climate Research-Modelling Observing Systems & Services (ACROSS)” along with its 8 sub-schemes from 2021-2026.
      • Budget – Rs 2,135 Crore till FY26
      • Ministry of Earth Sciences has launched this scheme address different aspects of weather and climate services.
      • The scheme is being implemented by a number of institutions, working under the Ministry.
  11. NITI Aayog has released a discussion paper titled ‘Digital Banks: A Proposal for Licensing and Regulatory Regime for India’ seeking comments till December 31, 2021.
      • The report mentions that India has made great efforts towards enhancing the financial inclusion. But, steps are needed to enhance the reach of formal-institutional credit to MSMEs.
        • MSMEs employ a great number of people, almost next to agriculture in India.
        • MSMEs contribute 30% to India’s GDP, 45% to manufacturing, and 40% to exports.
        • 63 million (6.3 crore) MSMEs are operating in India, which need more access to the credit.
      • PM Jan Dhan Yojana, faster adoption of UPI, Direct Benefit Transfer (DBT) through apps, Account Aggregator (“AA”) regulatory framework, are some initiatives towards achieving the financial inclusion in rural areas.
  12. Ministry of Housing and Urban Affairs has approved the construction of 3.61 lakh houses under Pradhan Mantri Awas Yojana-Urban.
      • Now, the total number of houses sanctioned under the scheme is 1.14 crore.
      • The housing units are sanctioned in 17 states/UTs across Affordable Housing in Partnership (AHP), Beneficiary-Led Construction (BLC), In-Situ Slum Redevelopment (ISSR) verticals of PMAY-U.
      • Total budget of the scheme is ₹7.52 lakh crore.
        • Central govt’s share in the scheme is ₹1.85 lakh crore.
      • e-Finance module has also been launched by the Ministry to disburse funds via the online platform.

State News

  1. Ministry of Finance has announced a number of new schemes and initiatives for Jammu & Kashmir, during her visit.
      • Tejasvini scheme – It focuses on providing financial assistance of Rs. 5 lakh to girls between 18-35 years for starting their business.
      • Hausala scheme – It aims to promote potential of women entrepreneur by building a comprehensive program which can serve as a guide.
      • Shikhar scheme – It focuses on meeting credit requirements up to Rs. 2 crore for hotel, tour & tourism industry.
      • Shikaras scheme – Under Shikara scheme, credit up to Rs. 15 lakh for repair of Shikaras is provided in Kashmir valley.
      • For FY 2020-21, NABARD increased its financial commitment for J&K to Rs 1500 crores from Rs 787 crores earlier
      • SIDBI cluster development fund of 200 crore was also launched for J&K.
      • Punjab National Bank (PNB) is also partnering with J&K for Shikhar and Shikaras scheme.
  2. Nagaland has launched the ‘Call your Cop’ mobile app at Police Headquarters in Kohima.
      • Purpose – to enable all citizens of the state especially those in distress to get in touch directly with the police as easily available with just one click away.
  3. World Bank will provide a $250 million loan for a school education project in Andhra Pradesh.
      • The project aims to improve quality of learning for over 50 lakh students in the state of Andhra Pradesh.
      • The fund will be utilised for supporting Andhra’s ‘Learning Transformation Project’ to encourage professional development of teachers, provide remedial learning courses for children impacted by Covid-19 pandemic.
  4. Andhra Pradesh govt has introduced the AP Motor Vehicles Taxation (Amendment) Bill 2021 to levy a Green Tax.

Agriculture and Rural Development

  1. Arunachal Pradesh is the first state in India to get certification for growing organic Kiwis that are now ready for exports to other countries.
      • Last year, the state received the certification for the fruit.
      • Now, this fruit was launched at New Delhi.

Defence News

  1. 37th edition of India-Indonesia Coordinated Patrol (CORPAT) is being held in the Indian Ocean region.
      • The first Indo-Indonesia CORPAT was conducted in 2002.
      • INS Khanjar and Dornier Maritime Patrol Aircraft participated in the CORPAT.
  2. India and Russia will hold the 1st edition of their 2+2 Ministerial Dialogue in December 2021, for which Russian PM Vladimir Putin will visit in India.
      • The two countries had signed an Inter-Governmental Agreement (IGA) in February 2019 for setting up a Joint Venture named as Indo-Russian Rifles Private Limited (IRRPL) at Korwa in Uttar Pradesh for manufacturing rifles.
        • Joint Venture parties – Ordnance Factory Board (OFB) from the Indian side and Rosoboron Export and Kalashnikov on the Russian side.
      • Recently, Defence Acquisition Council (DAC) has granted permission for the mass production of AK-203 rifles (6.71 lakh rifles) in India, in collaboration with Russia, under the IGA.
      • Deals in limbo – Igla-S Very Short Range Air Defence (VSHORAD) systems; Ka-226T utility helicopter deal.
      • The DAC also approved GSAT-7C communication satellite for the Indian Air Force (IAF) at a cost of ₹2,236 crore.

International News

  1. 13th ASEM (Asia- Europe Meeting) Summit – a biennial summit – was held virtually on the theme of “Strengthening Multilateralism for Shared Growth”.
      • The 13th Summit is being hosted by Cambodia as ASEM Chair.
      • ASEM is a platform for the countries in Asia and Europe to exchange views on regional and global issues and strengthen cooperation on a wide range of areas in the three domains of political and security, economic and financial and socio-cultural.
      • The ASEM grouping comprises of 51 member countries and 2 regional organizations – European Union and ASEAN.
      • Countries in the grouping represent 65% of global GDP, 60% of the global population, 75% of global tourism and 55% of global trade.
      • India joined ASEM in 2006. India participated in the ASEM Summit in 2008 (7th edition), for the first time.
  2. 5th World Congress on Disaster Management was virtually organized by India.
      • Organizer – IIT-Delhi
      • Theme – Technology, Finance and Capacity for Building Resilience to Disasters
  3. NASA’s Hubble Telescope has detected “Prawn Nebula”, which emits light.
      • This Nebula is 6000 light years away from Earth. It is formally known as the IC 4628.
      • Nebula means a cloud of dust and gas in the outer space which is visible in the night sky.
      • Nebulas are formed when old stars explode, and in turn, new stars are formed from the stellar material deposited in the nebula.
  4. 20th Meeting of SCO Council of Heads of Government (CHG) was held in Nur-Sultan, under the Chairmanship of Kazakhstan. It was a virtual meeting.
      • External Affairs Minister Dr S. Jaishankar represented India in the meeting.

Reports & Indices

  1. Global Nutrition Report 2021 has been released.
      • The Global Nutrition Report is a multi-stakeholder initiative, consisting of a Stakeholder Group, Independent Expert Group and Report Secretariat.
      • It assesses the progress made towards eliminating malnutrition
  2. 2021 Highlights:

Global Scenario:
Total 194 countries were assessed.
Lack of progress means unacceptable levels of malnutrition persist.
o 149.2 million children under 5 years of age are stunted,
o 45.4 million are wasted
o 38.9 million are overweight
o Over 40% of all men and women (2.2 billion people) are now overweight or obese.
105 countries are on track to meet the target for tackling childhood overweight and over 1/4th countries are on track to meet stunting and wasting targets.
Anaemia levels are showing no progress or worsening in 161 countries.
No country is on track to achieve the target on reducing salt intake or to stop the rise in adult obesity.
An estimated additional 155 million people are being pushed into extreme poverty globally, as a result of the pandemic.
Diet intake has not improved and below the recommended levels.
Recommended levels Present Scenario (Result)
Fruit and Vegetable intake per day – 5 servings (60% and 40% respectively). Low - 50% below the level
Legume and nuts intakes – 2 servings per day Low - 2/3rd below the recommended level
Red and processed meat intake - 1 serving per week High - five times of the maximum recommended level
Consumption of sugary drinks – Not recommended in any amountIncreasingly higher
Deaths related to poor diet
• Increased by 15% since 2010 - more rapidly than population growth.
• Diet - related deaths are now responsible for more than 12 million NCD deaths in adults.
• This is a quarter (26%) of all adult deaths each year.
Investment in Nutrition
• Investment required in nutrition by 2030 - US $5.7 trillion per year
• It would reach US $10.5 trillion a year by 2050.
infant data chart
India’s Scenario
• India has made no progress on anaemia and childhood wasting.
• India is among the 161 countries which made no progress or said to be worsening with regards to reducing anaemia. Over half of Indian women in the age group 15-49 years are anaemic.
o There has been a rise in anaemic Indian women since 2016. In 2016, 52.6% of Indian women were anaemic. But in 2020, 53% were found to be anaemic.
• India is also among 23 countries that have made no progress or are worsening on reducing ‘childhood wasting’.
• India is ‘off-course’ in meeting 7 of the 13 global nutrition targets. These include sodium intake, raised blood pressure (both men and women), obesity (both men and women) and diabetes (both men and women).
• Some 6.2% of adult (aged 18 years and over) women and 3.5% of adult men are living with obesity in India.
• India is among 53 countries ‘on course’ to meet the target for stunting.
Stunting of U5 children in India – 34% (higher than the average of Asian region)
o Asia’s stunting levels – over 22%
• India is ‘on-course’ to meet ‘childhood overweight’ and ‘exclusive breast feeding’ targets
• 58% of infants in the age group 0-5 months are exclusively breastfed in India.

Banking & Economy

  1. Equitas Small Finance Bank has partnered with HDFC Bank for the launch of its new co-branded credit cards, to provide the company with the facilities of the banking ecosystem.
      • The credit card can be availed in two categories. The first category is the ‘Excite Credit Card’ and the second category is ‘Elegance Credit Card’.
  2. NPCI Bharat BillPay has onboarded Tata Power on its ‘ClickPay’ platform, which facilitates recurring payment in a hassle free manner.
  3. India and the Asian Development Bank have signed a $300 million (over Rs 2,200 crore) loan to strengthen and improve access to comprehensive primary healthcare in urban areas of 13 states.
      • The loan aims to bridge the healthcare gaps by strengthening institutional capacity, operation, and management of urban health and wellness centres at the central, state, and municipal levels.
      • It will be implemented in urban areas across Andhra Pradesh, Assam, Chhattisgarh, Gujarat, Haryana, Jharkhand, Karnataka, Madhya Pradesh, Maharashtra, Rajasthan, Tamil Nadu, Telangana and West Bengal.
      • ADB’s Japan Fund for Poverty Reduction is supporting this program with a technical assistance grant of $2 million to provide support for programme implementation and coordination.
  4. 10th edition of Microfinance Pulse, a quarterly publication by SIDBI and Equifax India, has been released.
      • The outstanding portfolio of the Microfinance Industry has been flat on Year-on-Year (Y-o-Y) basis as of June 2021.
      • As per the report, the Aspirational District Program of India has increased the access of microfinance in 112 aspirational district of India.
  5. RBI has imposed restrictions on Malkapur Urban Co-operative Bank, Maharashtra due to deterioration in its financial position.
      • The restrictions include a Rs 10,000 cap on withdrawals.
      • The restrictions would remain in force for six months.
  6. JM Financial Products has launched the com, a digital application that would enable retail investors to trade or invest in fixed income securities including corporate bonds.
      • JM Financial Products is the flagship non-banking finance arm of the JM Financial Group.

GDP Forecasts

  1. Goldman Sachs has forecasted a 1% GDP growth rate for India for FY22.
      • The organisation forecasted India’s consumer price index (CPI) inflation to rise to 8% year-over-year (YoY) in 2022 from 5.2% in 2021.

Appointments

  1. Government has appointed senior bureaucrat Vivek Johri as the Chairman of the Central Board of Indirect Taxes and Customs (CBIC).
  2. Magdalena Andersson has been appointed as the first female PM of Sweden.
the first female PM of Sweden.

Important Days

  1. National Milk Day is observed on November 26 across India, in memory of the father of the white revolution, Dr Verghese Kurien.

Start Quiz of 25th November 2021

Q.1) Where is world's tallest bridge pier being developed?
Q.2) Which country organized the 1st International Conference on Hydrogen Energy?
Q.3) Which country is supporting India Young Water Professional Program?
Q.4) Which state has launched the ‘Call your Cop’ mobile app?
Q.5) Which is the first state in India to get certification for growing organic Kiwis that are now ready for exports to other countries?
Q.6) What is the GDP forecast for India for FY22 by Goldman Sachs?
Q.7) Who is the Chairman of the Central Board of Indirect Taxes and Customs (CBIC)?
Q.8) Which of the following schemes has not been recently launched by the Minister of Finance in the UT of J&K?
Q.9) What is the total budget of National Apprenticeship Training Scheme?
Q.10) What is the level of stunting in India, as per the Global Nutrition Report 2021?
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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 4 years of experience in the field of Education.

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