1. Government of india formally scraps the disinvestment of Central Electronics Limited
Tags: National Economy/Finance National News
The central government has formally scrapped the 100% disinvestment of the Central Electronics Limited on 28 September 2022 and disqualified the successful New Delhi based bidder Nandlal Finance and Leasing limited.
On 29 November 2021,the government approved the 100% sale of Central Electronics Ltd (CEL) for Rs 201 crore.
The reason given by the government for canceling the deal was that Nandlal company failed to disclose that an insolvency case was pending against the company in the National Company Law Tribunals (NCLT) while it bidded for the CEL.
Government of India Disinvestment target for the financial year 2022-23
In the 2022-23 Union Budget the Government of India has set a disinvestment target of Rs 65,000 crores.
In 2021-22 the total money raised by the Government of India through disinvestment was Rs 13,531 crore against the target of Rs 78,000 crore.
Central Electronics Limited
Central Electronics Ltd (CEL) is a Central Public Sector Enterprises(CPSE) under the Department of Scientific and Industrial Research (DSIR),Union Ministry of Science and Technology.
It was established in 1974, with an objective to commercially exploit indigenous technologies developed by National Laboratories and Research and Development Institutions in the country.
2. Armenia becomes the first country to buy Pinaka rocket system from India
Tags: Defence International News
India has signed a $250 million agreement with the former Soviet republic of Armenia to supply indigenously developed multi-barrel rocket launcher Pinaka and other munitions .This is the first time the Pinaka system is being exported from India.
Earlier in 2020 India supplied four Swathi radars worth $43 million to Armenia.These are weapon locating radars that can track incoming artillery projectiles and pinpoint the location of enemy gun positions for counter-action.
Pinak has been developed by the Defence Research and Development Organisation and manufactured by Indian private firms. It is an artillery system where multiple rockets are fired simultaneously from a single platform.The Pinaka system has been deployed at the forward position in Ladakh along the border with China.
The government of India wants to increase its defence export and has set an export target of Rs 35,000 crore by 2025.
Armenia
It was part of the former Soviet Union which gained its Independence in 1991 after the dissolution of the Soviet Union. It is a European country in Transcaucasia.
Capital : Yerevan
Currency : Dram
Prime Minister: Nikol Pashinyan
3. Jio Chairman Akash Ambani included in the Time's 100 emerging leaders' list
Tags: National Person in news National News
The Jio company chairman and Mukesh Ambani son Akash Ambani has been included in the prestigious US Magazine Times , list of 100 next world's rising stars .
He is the only Indian who has made it to the list. American born Indian Amrapali Gan,CEO of ONlyFans website has also been included in the list.
The Time’s list highlights 100 emerging leaders who are shaping the future of business, entertainment, sports, politics, health, science and activism,
The 30 year old Akash Ambani was made the Chairman of India’s largest telecom company Jio, in June 2022.
4. Jio Chairman Akash Ambani included in the Time's 100 emerging leaders' list
Tags: National Person in news National News
The Jio company chairman and Mukesh Ambani son Akash Ambani has been included in the prestigious US Magazine Times , list of 100 next world's rising stars .
He is the only Indian who has made it to the list. American born Indian Amrapali Gan,CEO of ONlyFans website has also been included in the list.
The Time’s list highlights 100 emerging leaders who are shaping the future of business, entertainment, sports, politics, health, science and activism,
The 30 year old Akash Ambani was made the Chairman of India’s largest telecom company Jio, in June 2022.
5. Swachch Shehar Samvad and Tech Exhibition
Tags: National National News
The Swachch Shehar Samvad and Tech Exhibition was organized by the Ministry of Housing and Urban Affairs under the Swachh Bharat Mission in New Delhi on 29 September.
Important facts
Housing and Urban Affairs Minister Hardeep Singh Puri inaugurated the Exhibition.
He said that after achieving 100 percent Open Defecation Free (ODF) status in urban local bodies in the country, India's next mission will focus on Swachh Bharat.
He said that projects worth eight thousand crore rupees have been approved for the treatment of old dump sites containing 16 crore metric tonnes of waste.
With an aim of zero dum site challenge a total of 15 thousand acres of lands will be freed and reclaimed under this initiative.
Puri also inaugurated a series of programs aligned with the Garbage Free India campaign, including an internship program for students called Tulip.
During the dialogue, sixteen states shared their experiences, knowledge and best practices.
6. Swachch Shehar Samvad and Tech Exhibition
Tags: National National News
The Swachch Shehar Samvad and Tech Exhibition was organized by the Ministry of Housing and Urban Affairs under the Swachh Bharat Mission in New Delhi on 29 September.
Important facts
Housing and Urban Affairs Minister Hardeep Singh Puri inaugurated the Exhibition.
He said that after achieving 100 percent Open Defecation Free (ODF) status in urban local bodies in the country, India's next mission will focus on Swachh Bharat.
He said that projects worth eight thousand crore rupees have been approved for the treatment of old dump sites containing 16 crore metric tonnes of waste.
With an aim of zero dum site challenge a total of 15 thousand acres of lands will be freed and reclaimed under this initiative.
Puri also inaugurated a series of programs aligned with the Garbage Free India campaign, including an internship program for students called Tulip.
During the dialogue, sixteen states shared their experiences, knowledge and best practices.
7. Swedish defence firm SAAB announced to manufacture Carl-Gustaf M4 weapon in India
Tags: National Defence National News
Swedish defence firm Saab on 28 September announced its plan to set up a manufacturing facility in India for the Carl-Gustaf M4 weapon system under the NDA government’s ‘Make in India’ initiative to bolster indigenous defence manufacturing.
Important facts
Production at the new facility is expected to begin in 2024, with the name of the production site yet to be disclosed.
Manufacturing will be carried out by Saab FFV India Pvt Ltd, a new subsidiary wholly owned by SAAB.
This will be the company's first manufacturing facility for the Carl-Gustaf M4 outside Sweden.
The Ordnance Factory Board (OFB) was manufacturing the Carl-Gustaf M3 with a range of up to 1,200 metres under a tie-up with Saab.
Saab will continue its partnership with Munitions India Limited (MIL) and Advanced Weapons and Equipment India Limited (AWEIL) for the manufacture of Carl-Gustaf arms and its ammunition.
About Carl-Gustaf M4 weapon systems
Carl-Gustaf M4 is a shoulder-fired weapon system with a range of 1,500 metre.
It weighs less than seven kilos and is under one metre in length.
It helps soldiers with a multitude of missions they may have to accomplish on the battlefield.
This weapon system has been in service with the Indian Army since 1976, and its earlier M2 and M3 variants have been produced in India.
8. Swedish defence firm SAAB announced to manufacture Carl-Gustaf M4 weapon in India
Tags: National Defence National News
Swedish defence firm Saab on 28 September announced its plan to set up a manufacturing facility in India for the Carl-Gustaf M4 weapon system under the NDA government’s ‘Make in India’ initiative to bolster indigenous defence manufacturing.
Important facts
Production at the new facility is expected to begin in 2024, with the name of the production site yet to be disclosed.
Manufacturing will be carried out by Saab FFV India Pvt Ltd, a new subsidiary wholly owned by SAAB.
This will be the company's first manufacturing facility for the Carl-Gustaf M4 outside Sweden.
The Ordnance Factory Board (OFB) was manufacturing the Carl-Gustaf M3 with a range of up to 1,200 metres under a tie-up with Saab.
Saab will continue its partnership with Munitions India Limited (MIL) and Advanced Weapons and Equipment India Limited (AWEIL) for the manufacture of Carl-Gustaf arms and its ammunition.
About Carl-Gustaf M4 weapon systems
Carl-Gustaf M4 is a shoulder-fired weapon system with a range of 1,500 metre.
It weighs less than seven kilos and is under one metre in length.
It helps soldiers with a multitude of missions they may have to accomplish on the battlefield.
This weapon system has been in service with the Indian Army since 1976, and its earlier M2 and M3 variants have been produced in India.
9. All women, married or unmarried, have right to legal and safe abortion : Supreme Court
Tags: National National News
The Supreme Court, in a landmark judgment on September 29, held that all women have the right to a safe and legitimate abortion and it is unconstitutional to distinguish between married and unmarried women in the matter.
Important facts
The Supreme Court said that even unmarried women have the right to abort a fetus between 20 and 24 weeks of age arising out of consensual relations.
The court held that depriving married or unmarried women the right to terminate unwanted pregnancies is a violation of fundamental rights.
A bench headed by Justice DY Chandrachud was hearing an appeal by a woman who wanted to abort a 24-week-old foetus after her relationship with a man failed and her partner abandoned her.
The bench also ruled that the definition of rape under the Medical Abortion Act should include marital rape.
A division bench of the Delhi High Court had refused to grant any interim relief to the woman.
About Medical Termination of Pregnancy (MTP) Act, 1971
Abortion in India has been a legal right under various circumstances since the introduction of the Medical Termination of Pregnancy (MTP) Act in 1971.
The Act was amended in 2003 to enable safe and legal abortion of women.
The Act was also amended in the year 2021.
Major Provisions of MTP Amendment Act, 2021
Under this Amendment Act, abortion can be done in the following circumstances -
If there is any danger to the life or mental health of the mother by continuing the pregnancy
If there are any serious abnormalities in the fetus
If pregnancy occurred as a result of failure of contraception (but this is applicable only for married women)
If the pregnancy is the result of sexual assault or rape
A pregnancy up to 24 weeks can be terminated in different circumstances after taking the opinion of two registered medical practitioners.
10. All women, married or unmarried, have right to legal and safe abortion : Supreme Court
Tags: National National News
The Supreme Court, in a landmark judgment on September 29, held that all women have the right to a safe and legitimate abortion and it is unconstitutional to distinguish between married and unmarried women in the matter.
Important facts
The Supreme Court said that even unmarried women have the right to abort a fetus between 20 and 24 weeks of age arising out of consensual relations.
The court held that depriving married or unmarried women the right to terminate unwanted pregnancies is a violation of fundamental rights.
A bench headed by Justice DY Chandrachud was hearing an appeal by a woman who wanted to abort a 24-week-old foetus after her relationship with a man failed and her partner abandoned her.
The bench also ruled that the definition of rape under the Medical Abortion Act should include marital rape.
A division bench of the Delhi High Court had refused to grant any interim relief to the woman.
About Medical Termination of Pregnancy (MTP) Act, 1971
Abortion in India has been a legal right under various circumstances since the introduction of the Medical Termination of Pregnancy (MTP) Act in 1971.
The Act was amended in 2003 to enable safe and legal abortion of women.
The Act was also amended in the year 2021.
Major Provisions of MTP Amendment Act, 2021
Under this Amendment Act, abortion can be done in the following circumstances -
If there is any danger to the life or mental health of the mother by continuing the pregnancy
If there are any serious abnormalities in the fetus
If pregnancy occurred as a result of failure of contraception (but this is applicable only for married women)
If the pregnancy is the result of sexual assault or rape
A pregnancy up to 24 weeks can be terminated in different circumstances after taking the opinion of two registered medical practitioners.
