1. Govt to establish 3 lakh Primary Agricultural Credit Societies in next 5 years: Amit Shah
Tags: place in news Summits Economics/Business Person in news
The Union Home and Cooperation Minister Amit Shah said that the central government has set a target to establish3 lakh Primary Agricultural Credit Societies (PACS) in the next 5 years.
He was speaking at the two-day (8 &9 September) National Conference of State Cooperation Ministers in New Delhi, on 8 September 2022.
He also said that a committee has been constituted to draft national cooperative policy for holistic development.
He said that every state will have representation in it and former Union Minister Suresh Prabhu will head the committee.
The Cooperation Minister said, currently there are 65 thousand active Primary Agricultural Credit Societies PACS in the country.
IMPORTANT FACTS -
Primary Agricultural Credit Societies (PACS) :
- Primary Agricultural Credit Societies are outside the Banking Regulation acts and they are regulated by the State governments not Reserve Bank of India.
- They are the third tier of the short term credit structure in the rural areas with State Cooperative Banks at the top with the District Central Cooperative Bank (DCCB) at the Middle and PACS at the bottom.
- The PACS are formed at the village level by the villagers. The members contribute to the capital of the societies.
- The PACS cannot accept the deposits of non-members nor can they provide loans to non-members.
- They provide loans only to their members only for agricultural and allied activities.
- There are 95995 PACS in India (source RBI) and around 65 thousands are active.
2. Healthcare sector in India is expected to reach $50 billion by 2025: Dr Jitendra Singh
Tags: place in news Science and Technology Summits Person in news
Union Minister of State (Independent Charge) Science & Technology Dr Jitendra Singh said that the Healthcare sector in India is expected to grow to reach a size of $50 billion by 2025.
IMPORTANT FACTS -
- He was addressing the 14th CII Global MedTech Summit titled “Seizing the Global Opportunity”.
- The 14th CII Global MedTech Summit was organised by CII National Medical Technology Forum at New Delhi on 7 September 2022.
- Dr Jitendra Singh said, the Telemedicine sector is expected to reach $5.5 billion by 2025.
- He said, the prime objective of the government is to reduce import dependence from 80% to below 30% in next 10 years and ensure self-reliance quotient of 80% in Med-Tech through Make in India.
- The Minister added that India aims to achieve 10-12% of the global market share of the medical devices sector to arrive at a $100-300 billion industry,
ADDITIONAL INFORMATION -
Confederation of Indian Industries (CII) :
- It is a business lobby group of top business houses in India.
- It was set up in 1895.
- It works to create and sustain an environment conducive to the growth of industry in India, partnering industry and government alike through advisory and consultative processes.
- Headquarters : New Delhi
- President : Sanjiv Bajaj
Important Full Form for Exam :
- CII : Confederation of Indian Industries
3. National Mines Ministers Conference to be held in Hyderabad
Tags: Summits State News
The Ministry of Coal and Ministry of Mines will be organizing a two-day National Mines Ministers’ conference in Hyderabad on 9th and 10th September, 2022.
IMPORTANT FACTS -
- The conference will formulate new and effective strategies to further encourage mineral exploration in the country and also to assess the effectiveness of recent policy reforms brought about by the Centre in the mining sector.
- The conference will be attended by the Union Minister of Coal, Mines Prahlad Joshi ,State government mines minister and other dignitaries.
- The conference aims to strengthen the ties between the Ministry of Mines and various state governments
4. Nitin Gadkari to inaugurate “Manthan” on 8thSeptember in Bengaluru
Tags: Summits Economics/Business State News
Union Minister for Road, Transport and Highways, Nitin Gadkari will inaugurate, “Manthan '', in Bengaluru on September 08, 2022. Union Minister of State for Road Transport and Highway and Civil Aviation General (Dr) VK Singh (Retd.) and Basavaraj Bommai, Chief Minister, Karnataka will also attend the conference.
IMPORTANT FACTS -
Aim of Manthan :
- Manthan— a three-day by-invitation conference cum public EXPO organised by the Ministry of Road Transport and Highways aims to anchor discussions across multiple issues and opportunities in the roads, transport and logistics sector and engage with the States, UTs and other key stakeholders from the industry for sharing of best practices, policy support, and capacity development.
ADDITIONAL INFORMATION -
Theme of Manthan :
- The theme of Manthan is ‘’IDEAS TO ACTION: Towards a smart, sustainable, road infra, mobility and logistics ecosystem.’’
- The Next-Gen M Parivahan Mobile App will also be launched during the event.
- He will also inaugurate the 41st Meeting of Transport Development Council .
5. Two-day long Quad Senior Officials Meeting concludes in New Delhi
Tags: Summits
The two-day (5-6 September 2022) Quad Senior Officials Meeting concluded in New Delhi on 6 September 2022.
IMPORTANT FACTS -
- Senior Officials from the Foreign Ministries of Australia, India, Japan and USA discussed regional and global developments, reaffirming their vision for a free, open and inclusive Indo-Pacific.
ADDITIONAL INFORMATION -
QUAD or Quadrilateral Security Dialogue :
- Quad or Quadrilateral Security Dialogue is a group of four countries US, Japan, Australia and India.
- The concept of QUAD was given by former Japanese Prime Minister Shinzo Abe in 2007 for maritime cooperation between these countries after the Indian Ocean Tsunami disaster in 2004.
- Now the group is mainly seen as a group to counter the Chinese influence in the region.
- The 2022 Quad summit meeting was held in Japan and next will be held in Australia in 2023.
6. UN Security Council Counter-Terrorism Committee will hold special meeting in India focused on new and emerging technologies
Tags: Summits International News
The United Nations has announced that the United Nations Security Council Counter-Terrorism Committee will hold a special meeting in India on 29 October 2022.
The theme of the Conference is: Increasing threat posed by the misuse of new and emerging technologies.
The Special meeting will focus on three areas where there is an increasing threat of abuse by the Terrorist namely
(a) the Internet and social media,
(b) terrorism financing,
(c) unmanned aerial systems (UAS).
UN Security Council :
It is one of the 6 Principal organs of the United Nations. The Security Council has primary responsibility for the maintenance of international peace and security.
It consists of 15 members. Five members, the United States, Russia, China, France and the United Kingdom are permanent members with veto power.
The Remaining 10 members are elected by the General Assembly for two years. They do not have veto power.
7. Petroleum and Natural Gas Minister Hardeep Singh Puri to lead Indian delegation at Gastech Milan-2022
Tags: Summits
Petroleum and Natural Gas Minister Hardeep Singh Puri will lead an official and business delegation to Milan, Italy on 5 September to participate in the Gastech Milan-2022.
IMPORTANT FACTS -
- During the three-day visit, Puri will participate in the key ministerial panel of the opening ceremony along with the Egyptian Minister of Petroleum and Mineral Resources and Portugal's Secretary of State for Energy.
Puri will also participate in ministerial panel discussions titled "Energy Security and Transition" and "A Fair Energy Transition for Developing Countries".
He will chair the “India Spotlight: Powering India’s energy industry - new avenues for a sustainable future” panel discussion.
During the visit, he will hold bilateral meetings with his counterparts, ministers and CEOs of global energy companies participating in the Gastech Milan-2022.
About Gastech :
Gastech is the world's largest conference focused on LNG (liquified natural gas), a low-carbon fuel.
In this, ministers and CEOs of various countries will discuss the emerging energy scenario.
In this, an assessment of the economic recovery after the epidemic and the way forward will be decided to adopt equitable energy sources in place of current energy sources.
It is being held in Milan, Italy from 5 to 7 September 2022.
8. United States announces hosting first-ever US-Pacific Island Country Summit
Tags: Summits International News
The United States has announced to host the US-Pacific Island Country Summit for the first time in the last week of this month amid China's growing influence in the Indo-Pacific region.
IMPORTANT FACTS -
- This summit will be held in Washington from 28 to 29 September.
US President Joe Biden will host the summit.
The summit will showcase the United States' deep and enduring partnership with Pacific island countries and the Pacific region that is based on shared history, values, and people-to-people ties.
The conference was announced a week after the US accused Beijing of expanding its nuclear arsenal.
The US has claimed that the process of building an excessive nuclear arsenal by China could harm the stability of the Indo-Pacific region.
The White House has invited 12 Pacific Island countries, including the Solomon Islands, which signed a security pact with China in April 2022.
About Indo-Pacific :
It covers half of the world's population and more than 60 percent of the global GDP.
It is a geopolitical region that spans two regions of the Indian Ocean and the Pacific Ocean.
Extending from the west coast of the United States of America to the west coast of India, the Indo-Pacific is a regional structure of 24 countries.
It includes the tropical waters of the Indian Ocean, western and central Pacific Ocean.
9. G20 Digital Innovation Network event organised at Bali, Indonesia
Tags: Summits International News
The G20 Digital Innovation Network event will be held from September 2-4 at the Bali International Convention Centre, Bali, Indonesia.
IMPORTANT FACTS -
- Startups based on Artificial Intelligence (AI) will participate in this program.
Telangana AI Mission (T-AIM) has announced that four startups from Telangana AI Mission have been selected by MeitY to represent India in the G20 Digital Innovation Network (DIN).
T-AIM is a state government initiative supported by NASSCOM.
The four startups representing India in the G20 Digital Innovation Network are Aarficus, EduBooks, Unimart and MayaMD.
All these are supported by the Revv Up program of Telangana Government.
Goal of the G20 Digital Innovation Network :
The forum aims to find 100 most promising startups in 5 priority areas (Healthcare, Renewable Energy, Smart Society, Financial Inclusion and Supply Chain).
Theme of G20 Digital Innovation Network 2022 :
The theme of this year's event is 'The Rise of Digital Economy: Post-Pandemic Recovery and Beyond'.
G20 Digital Innovation Network program launched :
This forum was started by Italy in the year 2021 by selecting the ten best startups in the name of G20 Digital Innovation League.
This year it has been renamed the G20 Digital Innovation Network.
About Telangana AI Mission (T-AIM) :
Telangana AI Mission (T-AIM) Mission is an AI mission run by the Government of Telangana, which is operated by NASSCOM.
Under T-AIM, a program called "Revv Up" is also run to enable AI startup. Which helps in providing a global platform to these startup groups for emerging technologies.
Revv Up is a free-of-equity-or-cost acceleration program by T-AIM specifically designed for early-stage AI startups.
10. National Conference of Labour Ministers of all States and Union Territories
Tags: National Summits National News
Prime Minister Narendra Modi addressed the National Conference of Labour Ministers of all States and Union Territories on 25 August via video conferencing.
IMPORTANT FACTS -
- The two-day conference is being organised by the Union Ministry of Labour and Employment on August 25-26 at Tirupati, Andhra Pradesh.
The conference was presided over by Union Labour Minister Bhupendra Yadav.
It has been named Vision Shramev Jayate @2047.
The last session of the conference was held in July 2015 under the chairmanship of the then Labour Minister Bandaru Dattatreya.
This is the first Labour Ministers' Conference in the eight years of the Narendra Modi government's tenure.
It is being organised in the spirit of cooperative federalism to discuss various important labour related issues.
This conference will help in creating more synergy between the Central and State Governments in making better policies and ensuring effective implementation of schemes for the welfare of the workers.
Four Thematic Sessions of the Conference :
Integration of e-Shram portal for on-boarding social security schemes to make social security universal
'Swasthya se Samriddhi' for improving medical care through ESI hospitals run by state governments and integration with PMJAY
Formulation of rules under the four labour codes and the modalities of implementation of those rules
Vision 'Shramev Jayate @ 2047' To focus on equitable and equal working conditions, social security to all workers and other issues
