1. MSME Ministry launches MSME Sustainable Certification Scheme (ZED)
Tags: Government Schemes Popular National News
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Union Minister for Micro, Small, and Medium Enterprises Narayan Rane launched the MSME Sustainable (ZED) Certification Scheme.
The scheme is a comprehensive campaign to motivate and encourage MSMEs for ZED certification by adopting Zero Defect Zero Impact (ZED) practices and encouraging them to become MSME champions.
ZED has the potential to become a national movement and aims to provide a roadmap for global competitiveness for India's MSMEs.
Not only will ZED strive to improve productivity and performance, but it has the potential to change the mindset of manufacturers and make them more environmentally conscious.
Through this scheme MSMEs can reduce wastage to a great extent, increase productivity, environmental awareness, save energy, make optimum use of natural resources and expand their markets.
Subsidy Under the Scheme
Under the Scheme, MSMEs will get subsidy as per the following structure, on the cost of ZED certification:
1. Micro Enterprises: 80%
2. Small Enterprises: 60%
3. Medium Enterprises: 50%
Additional subsidy
There will be an additional 10% subsidy for MSMEs owned by women/SC/ST entrepreneurs in NER/Himalayan/LWE/Island areas/Aspirational Districts.
In addition to above, there will be an additional subsidy of 5% for MSMEs which are also a part of the SFURTI OR Micro & Small Enterprises - Cluster Development Programme (MSE-CDP) of the Ministry.
Further, a limited purpose joining reward of Rs 10,000/- will be offered to each MSME once they take the ZED Pledge
Role of Ministry of MSME
It works to promote, develop and support MSMEs in all regions and states.
The Ministry runs more than 20 different schemes such as PMEGP, SFUTI, MSE-CDP, RAMP Scheme, ATI, Udyam Registration, etc.
These schemes offer support and strength in the areas of access to finance, market linkages, technology upgradation, capacity building, innovation/ideation and industrial infrastructure development etc.
2. Atal Tunnel receives IBC Best Infrastructure Project award
Tags: Awards National News
The Atal Tunnel, built by the Border Roads Organisation (BRO), received the ‘Best Infrastructure Project’ award from the Indian Building Congress (IBC).
Director General BRO, Lt Gen Rajeev Choudhary received the award during the 25th Annual Conference of IBC for the outstanding achievement of BRO in the construction of this tunnel connecting Manali to Lahaul-Spiti Valley.
About Atal Tunnel
The 9.02 km long Atal Tunnel is the longest highway tunnel globally and connects Manali with Lahaul-Spiti Valley throughout the year.
It provides a strategic advantage to the armed forces by providing an alternate link to the crucial Ladakh region.
It has also been a boon to the residents of Lahaul and Spiti district in Himachal Pradesh.
This tunnel, built using the New Austrian Tunnelling Method (NATM), was dedicated to the nation by Prime Minister Narendra Modi on October 03, 2020.
It is equipped with a semi-transverse ventilation system, where large fans circulate air separately throughout the tunnel.
An emergency tunnel has been integrated into the tunnel cross-section under the main carriageway for evacuation during emergencies.
Fire inside the tunnel will be controlled within an area of 200 metres and fire hydrants will be provided at specific locations throughout the tunnel.
Pollution sensors continuously monitor the air quality in the tunnel and if the air quality in the tunnel is below the desired level, fresh air is injected into the tunnel through two heavy fins on each side of the tunnel.
3. Labour and Employment Ministry’s 2021 third-quarter survey finds increase of 4 lakh jobs
Tags: Economics/Business National News
According to the Ministry of Labour and Employment's Third Quarter Employment Survey (QES) report, over four lakh jobs were created in nine selected sectors in October-December 2021 in firms with 10 or more workers.
The Ministry’s survey, which covered 10,834 units in the third round, found employment had increased from 3.10 crore in July-September 2021 to 3.145 crore in the next quarter.
The survey covered construction, manufacturing, trade, transportation, education, health, housing and restaurants, IT/BPO and financial services.
It creates 85% jobs in units with 10 or more workers.
The survey does not cover units established after 2013-2014.
The manufacturing sector accounted for 39% of the units, followed by education (22%).
Overall, 23.55% units provided on-the-job training to workers, while the number was higher in health sector units (34.87%).
At the same time, the nine sectors reported 1.85 lakh vacancies, with 81,846 in manufacturing, 47,076 in health and 39,014 in education.
The report said that 86.5% of the vacancies were "in the process of filling".
Around 4% of the vacancies could not be filled due to "non-availability of requisite skilled workers".
4. SC fixes final hearing on Sedition Law
Tags: Popular National News
Supreme Court to give final hearing on May 5 on petitions challenging the constitutional validity of the offence of sedition under Section 124A of IPC.
A three-member bench of CJI NV Ramana has fixed May 5 for hearing all the petitions related to this case together.
Attorney General K.K. Venugopal is assisting the court in the case in the capacity of his constitutional office.
The CJI had said sedition or Section 124A of the Indian Penal Code was prone to misuse by the government.
Sedition Law
Section 124A of the Indian Penal Code provides for the punishment of sedition.
The Indian Penal Code (IPC) was enacted in 1860 during the British Raj.
The then British government in India feared that religious preachers from the Indian subcontinent would wage war against the government.
Throughout the British Raj, this section was used to suppress activists in favour of national independence, including Tilak and Mahatma Gandhi, both found guilty and imprisoned.
In 1973, sedition was made a cognizable offence for the first time in India during the tenure of Prime Minister Indira Gandhi.
A cognizable offence means arrest without a warrant.
Constitutional validity
After independence, it was found unconstitutional by two high courts, as it violates freedom of expression.
The Supreme Court upheld its validity in Kedar Nath Singh v State of Bihar (1962).
5. Govt approves Rs 60,939 crore subsidy for phosphate-based fertilisers
Tags: Latest Economics/Business National News
The Union Cabinet has approved nutrient based subsidy rates for Phosphatic and Potash, P&K fertilisers for Kharif season-2022.
The subsidy will cover the period to September 2022.
India provided a subsidy of 571.5 billion rupees for the previous 12 month period ending March 31.
A subsidy of Rs 2,501 will continue to be available at Rs 1,350 for every 50 kg bag of crop nutrient diammonium phosphate in local markets.
The decision to increase fertiliser subsidies was taken after rising crop nutrient prices in global markets, mainly due to supply chain disruptions after Russia's invasion of Ukraine, increased freight traffic and rising energy costs.
Background
Government is providing Urea and 25 grade P&K fertilisers at subsidised prices to the farmers through fertiliser manufacturers/importers.
The subsidy on P&K fertilisers is being governed by the NBS Scheme.
In line with its farmer friendly approach, the Government is committed to ensure the availability of P&K fertilisers to the farmers at affordable prices.
6. Digital India RISC-V Microprocessor (DIR-V) Program launched
Tags: Latest National News
The Electronics and Information Technology ministry has launched the Digital India RISC-V Microprocessor (DIR-V) programme.
It aims to enable manufacturing of microprocessors for the world in India and achieve industry-grade silicon and design by December 2023.
IIT Madras Director Professor V Kamakoti will be the Chief Architect of DIRV-programme while S Krishnakumar Rao of C-DAC will be the Program Manager.
DIR-V program will see partnerships between Startups, Academia and Multinationals, to make India not only a RISC-V Talent Hub for the World but also supplier of RISC-V System on Chips for Servers, Mobile devices, Automotive and Microcontrollers across the globe.
The Ministry unveiled India's Strategic Roadmap for Semiconductor Design and Innovation to catalyse the semiconductor ecosystem along with the blueprint of the roadmap for the design and implementation of the DIR-V programme.
7. India Tops The World In Real-Time Payment Volumes In 2021
Tags: Popular Economics/Business International News
According to the ACI Worldwide Report on Real-time Transactions, India's real-time transactions are ranked first in the world.
In the year 2021, India's real-time transactions have grown to 48.6 billion.
China ranks second after India with 18 billion real time transactions.
India's transaction volume is more than seven times that of the US, UK, Canada, Germany and France combined (7.5 billion).
Brazil, Thailand and South Korea lag behind India and China in terms of real-time transactions of 8.7 billion, 9.7 billion and 7.4 billion respectively.
This research has found that more than half (52.71 percent) of consumers worldwide use mobile wallets.
Real-time payment transactions worldwide crossed 118.3 billion in the year 2021, a growth of 64.5% on a year-on-year basis.
Reason to increase in real-time transactions
The rise in the use of digital payments during the COVID-19 pandemic, along with the growth of QR code payments and UPI-based mobile payment apps among merchants, propelled real-time payments into 2021.
Consumers are moving from cash to digital real-time payment methods, which means that the share of real-time payments in total payment volume will exceed 70% in 2026.
8. Samba becomes first district in country with 100% Golden card Registration
Tags: National News
The Samba district of the Union Territory of Jammu and Kashmir has become the first district in the country where all the citizens, employees and pensioners have the Golden Card of Ayushman Bharat Pradhan Mantri Jan Arogya Yojana.
Samba district achieved this feat after a special registration drive by the State Health Agency from April 11 to April 21.
There are a total 62,641 families in Samba district out of which 3,04,510 people are eligible for AB-PM-JAY Sehat Golden Card.
Under this scheme, the beneficiary family is being given the benefit of health insurance of Rs.5 lakh.
Recently, Palli village of Palli Panchayat of Samba district became the first solar power village in the country, which was inaugurated by Prime Minister Narendra Modi on 24 April.
About Ayushman Bharat Pradhan Mantri Jan Arogya Yojana
Started- April 1, 2018
Ayushman Bharat Yojana or Pradhan Mantri Jan Arogya Yojana is a health scheme of the Government of India.
The scheme was announced by Finance Minister Arun Jaitley during the budget session 2018.
This scheme was started by Prime Minister Narendra Modi on 14 April 2018 on the birth anniversary of Bhimrao Ambedkar from Ranchi district of Jharkhand.
The objective of this scheme is to provide health insurance to the economically weaker people (BPL holders). Cashless health insurance up to Rs 5 lakh is provided to every family covered under this scheme.
9. Myanmar court sentences Suu Kyi to 5 years in jail for corruption
Tags: Popular International News
A court in military-ruled Myanmar found deposed leader Aung San Suu Kyi guilty of corruption and sentenced her to five years in jail.
The case was the first of 11 corruption charges against the Nobel laureate, each carrying a maximum sentence of 15 years in prison.
A Myanmar junta court accused the 76-year-old leader of accepting a bribe of $600,000 cash and gold bars.
He has already been sentenced to six years in prison in other cases and is facing 10 more corruption charges.
Suu Kyi has been under house arrest since February 2021, when a military coup toppled her elected government.
About Aung San Suu Kyi
Aung San Suu Kyi born on June 19, 1945, Rangoon, Burma is politician and opposition leader of Myanmar.
She was the winner of the Nobel Prize for Peace in 1991.
She has held several government positions since 2016, including that of state counsellor, which essentially made her the de facto leader of the country.
She was sidelined when the military seized power in February 2021.
10. IFSCA Issues Framework for FinTech Entity in International Financial Services Centres
Tags: Economy/Finance National News
The International Financial Services Centres Authority (IFSCA), has issued a “Framework for FinTech Entity in the IFSCs”.
The Framework aim is giving boost to the establishment of a world class FinTech Hub at GIFT IFSC comparable with other International Financial Centres (IFCs).
The framework proposes to cover financial technology (FinTech) solutions resulting in new business models, applications, processes or products in areas/activities linked to financial services regulated by IFSCA.
It covers advanced/innovative technological solutions which aid and assist activities in relation to financial products, financial services and financial institutions (TechFin).
The framework provides for a dedicated Regulatory Sandbox for FinTech products or solutions namely IFSCA FinTech Regulatory Sandbox.
