1. 'Sabka Saath Sabka Vikas Sabka Vishwas', a collection of selected speeches of the Prime Minister, released
Tags: Books and Authors
A collection of selected speeches of Prime Minister Narendra Modi was released on September 23 at Akashvani Bhawan in New Delhi.
IMPORTANT FACTS -
- The book titled 'Sabka Saath, Sabka Vikas, Sabka Vishwas - Prime Minister Narendra Modi speaks' depicts the Prime Minister's vision of a New India.
The book was released by former Vice President M. Venkaiah Naidu, Kerala Governor Arif Mohammad Khan and Information and Broadcasting Minister Anurag Thakur.
ADDITIONAL INFORMATION -
About the book :
The book is a collection of 86 speeches delivered by the Prime Minister from May 2019 to May 2020.
The speeches are divided into ten thematic areas.
The thematic areas are - Atmanirbhar Bharat - Economy, People - First Governance, Fight Against COVID-19, Emerging India - Foreign Affairs, Jai Kisan, Tech India - New India, Green India - Resilient India - Clean India, Fit India - Efficient India, Eternal India - Modern India focuses on cultural heritage and 'Mann Ki Baat'.
The book will be available in both Hindi and English languages.
It reflects the ideas, determination, and decisiveness of Modi's government.
The book portrays the Prime Minister's vision of a new India and the leadership shown by him to make India the 5th largest economy in the world.
2. Supreme Court appoints Justice ‘L Nageswara Rao’ to frame the constitution of IOA and oversee its election
Tags: Sports Person in news
The Supreme Court on 22 September 2022, has appointed former Supreme Court judge L Nageswara Rao to prepare a road map for amending the Indian Olympic Association (IOA) constitution and conducting the election of the IOA by December 15, 2022.
This move of the court comes after the International Olympic Committee (IOC) on September 8 issued a final warning to IOA to “resolve its governance issues” and hold elections by December, failing which the world sports body will ban India.
IMPORTANT FACTS -
Background to the Issue :
- The IOA President Narendra Batra had to resign after the Delhi High Court ruled on 26 May 2022 that provision of life membership and life president in Hockey India was illegal.
- Narendra Batra contested and won the election of the IOA in 2017.
- He contested the election as being the Life Member and Life President in Hockey India.
- The Supreme Court upheld the Delhi high court order and asked the IOA to frame a new constitution which was in conformity with the National Sports guidelines of the country.
- However this move of the Court was seen as an interference by the IOC and it warned that it will suspend IOA.
3. Sequoia Capital Rajan Anandan appointed as the new chairman of Venture Capital Council
Tags: Economy/Finance Person in news
Sequoia India Managing Director Rajan Anandan has been appointed as the chairman of the eight member VC Council for 2022-24 by the Indian Venture & Alternate Capital Association (IVCA), on 21 September 2022.
IMPORTANT FACTS -
- The Indian Venture & Alternate Capital Association (IVCA) is apex body of the Venture fund and Alternate capital fund in India.
- The council was formed to strengthen governance practices for VCs and start-ups and continue working with government and its agencies to improve the environment for venture capital in India.
- The Venture Capital and Alternate Investment Fund is regulated by Securities Exchange Board of India (SEBI).
4. 26th meeting of FSDC held in Mumbai
Tags: place in news Economy/Finance Summits
The Union Finance Minister Nirmala Sitharaman chaired the 26th meeting of the Financial Stability and Development Council (FSDC) in Mumbai on 15 September 2022.
The meeting, which was attended by the chief of various financial sector regulators, discussed important financial issues which can affect the country’s financial sectors and its stability.
IMPORTANT FACTS -
Financial issues discussed :
- It discussed the Early Warning Indicators for the economy and India’s preparedness to deal with them, improving the efficiency of the existing Financial/Credit Information Systems, issues of governance and management in Systemically Important Financial Institutions including Financial Market Infrastructures, strengthening cyber security framework in the financial sector,etc.
The meeting was attended by :
- Dr. Bhagwat Kishanrao Karad, Minister of State for Finance ;
- Pankaj Chaudhary, Minister of State for Finance ;
- Dr. T. V. Somanathan, Finance Secretary and Secretary, Department of Expenditure, Ministry of Finance;
- Shri Ajay Seth, Secretary, Department of Economic Affairs, Ministry of Finance;
- Shri Tarun Bajaj, Secretary, Department of Revenue, Ministry of Finance; Shri Sanjay Malhotra, Secretary, Department of Financial Services, Ministry of Finance;
- Dr. V. Anantha Nageswaran, Chief Economic Adviser, Ministry of Finance;
Head of Financial Sector Regulators :
- Shaktikanta Das, Governor, Reserve Bank of India;
- Ms. Madhabi Puri Buch, Chairperson, Securities and Exchange Board of India;
- Debasish Panda, Chairperson, Insurance Regulatory and Development Authority of India;
- Supratim Bandyopadhyay, Chairperson, Pension Fund Regulatory and Development Authority;
- Ravi Mittal, Chairperson, Insolvency and Bankruptcy Board of India, Shri Injeti Srinivas, Chairperson, International Financial Services Centers Authority, and the
- Secretary of the FSDC, Department of Economic Affairs, Ministry of Finance.
Financial Stability and Development Council (FSDC) :
- It was set up on the recommendation of the Raghu Ram Rajan committee on “Financial Sector Reform”.
- FSDC was set up by the Government of India in 2010.
Function of the FSDC :
- The Council monitors macro prudential supervision of the economy, including functioning of large financial conglomerates, and addresses inter-regulatory coordination and financial sector development issues.
- It also focuses on financial literacy and financial inclusion.
ADDITIONAL INFORMATION -
Sub-Committee of FSDC :
- The FSDC Sub-committee has also been set up under the chairmanship of Governor, RBI.
- All the members of the FSDC are also the members of the Sub-committee.
- All four Deputy Governors of the RBI are also the members of the Sub Committee.
Full Form :
- Financial Stability and Development Council
5. Nirmala Sitharaman releases N K Singh book “Recalibrate: Changing Paradigm”
Tags: Books and Authors
Union Finance Minister Nirmala Sitharaman released the book “Recalibrate: Changing Paradigm” authored by the 15th Finance Commission Chairman N K Singh and Former Agricultural Secretary P K Mishra in New Delhi on 13 September 2022.
The book has been published by Rupa and Co.
IMPORTANT FACTS -
Other books authored by NK Singh :
- The New Bihar: Rekindling Governance and Development
- Not By Reason Alone
- The Politics of Change : A Ringside View
- Portraits Of Power'
About NK Singh :
- Nand Kishore Singh (NK Singh) is a former Indian Administrative Officer.
- He was the chairman of the 15th Finance Commission
6. Sheikh Hasina confers scholarships on descendants of Indian soldiers killed in Bangladesh Liberation War
Tags: International Relations International News
Bangladesh Prime Minister Sheikh Hasina conferred the Bangabandhu Sheikh Mujibur Rahman Student Scholarship at a function in New Delhi on 7 September.
IMPORTANT FACTS -
- This scholarship was awarded for the first time to the descendants of soldiers, officers of the Armed Forces of India who were martyred or grievously injured during the historic liberation war of 1971.
This scholarship was awarded to 100 - 100 students of class 10 and 12 which is a tribute to the Indian heroes who made supreme sacrifice for the country.
The award is named after Hasina's father Bangabandhu Sheikh Mujibur Rahman.
A total of 200 family members of Indian Army personnel have received scholarships.
ADDITIONAL INFORMATION -
Liberation War of 1971 :
In the 1950s, Pakistan was ruled by a military-bureaucratic rule that ruled the entire country (East and West Pakistan) in an undemocratic manner.
The Bengalites had no political representation in this system of governance.
This dominance of West Pakistan was challenged by the Bengalis during the general elections of 1970.
In the general election of 1970, the Awami League of East Pakistan's Sheikh Mujibur Rahman got a clear majority.
West Pakistan was not ready for any leader of East Pakistan to rule the country.
On March 26, 1971, West Pakistan launched Operation Searchlight in East Pakistan.
As a result, lakhs of Bangladeshis had to take refuge in India.
The Pakistani army had to face defeat due to the bravery of the 'Muktiwahini Sena' and Indian soldiers who fought for the independence of Bangladesh.
On 6 December 1971, a new nation Bangladesh was born out of 13 days war with the intervention of India.
7. Haridwar declared best aspirational district in India
Tags: National National News
Haridwar city of Uttarakhand has been declared as the best aspirational district by NITI Aayog on the basis of five parameters.
IMPORTANT FACTS -
- NITI Aayog has ranked Haridwar district first among 112 aspirational districts of the country in the theme of basic infrastructure.
As an award, an additional allocation of three crores will be made to the district.
The aspirational district Haridwar has got the first prize twice before this. In February 2019, the district got the first prize on the theme of Agriculture and Water Resources, while in July 2019, it got the first position in all the sectors.
Aspirational District Program :
The program, launched in January 2018, aims to rapidly and effectively transform some of the most underdeveloped districts of the country.
This scheme has been implemented along with the central and state schemes.
In its successful implementation, central, state level 'in-charge' officers and district collectors play an important role.
The ranking of aspirational districts combines innovative use of data with practical governance, placing the district at the centre of inclusive growth.
Parameters for Best Aspirational District :
It envisages rapid development of selected districts on the basis of a composite index based on five parameters -
Health and Nutrition
Education
Financial Inclusion and Skill Development
Agriculture and Water Resources
Basic Infrastructure
8. Arth Ganga Model
Tags: Government Schemes National News
The Director General of the National Mission for Clean Ganga mentioned the Arth Ganga model during his virtual keynote address to the Stockholm World Water Week 2022 on 26 August.
IMPORTANT FACTS -
About Arth Ganga Model :
PM Modi first introduced the concept of Arth Ganga Model during the first National Ganga Council meeting in Kanpur in 2019.
During the meeting he urged for a shift from Namami Gange (cleaning of Ganga) to the model of Arth Ganga.
Arth Ganga focuses on the sustainable development of the Ganga and its surrounding areas, by focusing on economic activities related to the river.
The Arth Ganga model seeks to use economics to connect people to the river.
The scheme seeks to contribute at least 3% of the GDP from the Ganga basin.
Features of Arth Ganga Model :
Zero Budget Natural Farming - This includes chemical free farming on 10 km on either side of the river and promotion of use of cow dung as manure through Govardhan Yojana.
Monetization and Reuse of Sludge & Wastewater - It envisages reuse of treated water for irrigation, industries and revenue generation for Urban Local Bodies (ULBs).
Creation of livelihood opportunities - For example- ‘Ghat Mein Haat’, promotion of local products, Ayurveda, medicinal plants, capacity building of volunteers like Ganga Praharis.
Increase public participation - To enhance synergy among the stakeholders associated with the river.
Promotion of cultural heritage and tourism - To promote cultural heritage and tourism in and around the Ganga through conduct of boat tours, adventure sports and yoga activities.
Improved water governance - To promote institutional building by empowering local administration for better water administration.
9. Govt launches 2nd phase of Grameen Udyami Project
Tags: Government Schemes National News
National Skill Development Corporation (NSDC) in partnership with Seva Bharti and Yuva Vikas Society on 20 August launched the second phase of Grameen Udyami Project to augment skill training in tribal communities for their inclusive and sustainable growth.
IMPORTANT FACTS -
- The second phase of the pilot project was launched in Ranchi.
The Central Government has sanctioned a budget of 85 thousand crore rupees exclusively for tribal areas.
The initiative aims to provide multi-skilled and functional skills to the youth of India to enable their livelihood.
The Prime Minister has emphasised on inclusion of tribal communities in the workforce, ensuring their holistic development so as to make them self-reliant and integrated into their respective geographical areas.
Grameen Udyami Project :
It has been implemented under the Parliamentary Package Scheme.
It is a unique multi-skill project, funded by NSDC, which aims to train 450 tribal students in Madhya Pradesh and Jharkhand.
The project is being implemented in six states- Maharashtra, Rajasthan, Chhattisgarh, Madhya Pradesh, Jharkhand and Gujarat.
Minister of State Rajiv Chandrashekhar and tribal MPs embodied this concept.
In the first phase of training, candidates from rural and tribal areas of Maharashtra, Rajasthan, Chhattisgarh, Madhya Pradesh and Gujarat were included.
The training under the project :
Electrician & Solar PV Installation Technician
Plumbing & Masonry
2-Wheeler Repair & Maintenance
IT/ITES with e-Governance
Farm Mechanisation
Objectives of the project :
Increase in Rural/Local Economy
Enhance employment opportunities
Reduce forced migration due to lack of local opportunities
Conservation of natural resources
10. Amit Shah e-launched the presence of cooperatives on the Government e Marketplace (GeM) portal
Tags: National News
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Cooperation Minister Amit Shah on 9 August e-launched the onboarding of cooperatives on the Government e-Marketplace (GeM) portal in New Delhi.
Important facts
589 cooperative societies have been selected as eligible for onboarding.
Recently, the Ministry of Cooperation in its advisory made NCUI as the nodal or lead agency to facilitate the presence of cooperatives on GeM, to coordinate with the officials of GeM and to guide the cooperatives in the process of this presence.
NCUI has prepared a list of cooperative societies having turnover/deposit amounting to Rs 100 crore and asked to initiate their onboarding process on GeM.
A helpdesk of the GEM technical team has been set up at NCUI to help the cooperatives in the entire process.
Onboarding of Cooperative Societies/Banks on GeM will be done in a phased manner.
Government e-Market (GeM) portal
GeM is an acronym for One Stop Government e-Market Place hosted by DGS&D ((Directorate General of Supplies & Disposals) where common user goods and services can be procured.
GeM is a dynamic, self-sustaining and user-friendly portal for procurement by government officials.
Public procurement is a very important part of government activity and reform of public procurement is one of the top priorities of the present government.
The Government e-Marketplace originated in January 2016 based on the recommendations of two Groups of Secretaries.
Apart from reforms in DGS&D, they recommended setting up of a dedicated e-market for various goods and services bought or sold by the Government/PSUs.
Subsequently, the Finance Minister in his budget speech for the financial year 2016-17 announced the setting up of a technology driven platform to facilitate procurement of goods and services by various ministries and agencies of the government.
DGS&D with technical support from the National e-Governance Division (Ministry of Electronics & Information Technology) has developed a GeM portal for procurement of both products and services.
The portal was launched on 9 August 2016 by the Minister of Commerce and Industry.
