1. Government sets up fast track Corporate Exit Processing Center
Tags: National Economy/Finance National News
The government established the Expedited Corporate Exit Processing Center (C-PACE) and C-PACE is under the Ministry of Corporate Affairs (MCA).
An Overview of the News
The C-PACE aims to streamline and speed up the process of winding up defunct companies.
It centralises the process of winding up companies, making it easier and more efficient.
This relieves the burden on the registry and ensures a clean and accurate database.
Its establishment is part of the MCA's commitment to promote Ease of Doing Business and facilitate smooth exit of companies.
It functions under the Registrar of Companies (ROC) as per sub-section (1) of section 396.
The C-PACE office was inaugurated on May 1, 2023.
The office is supervised by the Director General of Corporate Affairs (DGCoA) in New Delhi.
Director of Inspection and Investigation in MCA - RK Dalmiya
2. Government sets up fast track Corporate Exit Processing Center
Tags: National Economy/Finance National News
The government established the Expedited Corporate Exit Processing Center (C-PACE) and C-PACE is under the Ministry of Corporate Affairs (MCA).
An Overview of the News
The C-PACE aims to streamline and speed up the process of winding up defunct companies.
It centralises the process of winding up companies, making it easier and more efficient.
This relieves the burden on the registry and ensures a clean and accurate database.
Its establishment is part of the MCA's commitment to promote Ease of Doing Business and facilitate smooth exit of companies.
It functions under the Registrar of Companies (ROC) as per sub-section (1) of section 396.
The C-PACE office was inaugurated on May 1, 2023.
The office is supervised by the Director General of Corporate Affairs (DGCoA) in New Delhi.
Director of Inspection and Investigation in MCA - RK Dalmiya
3. US court approved extradition of 26/11 attack accused Tahawwur Rana to India
Tags: International News
A US court has approved the extradition of26/11 Mumbai terror attack accused Pakistani-origin Canadian Tahawwur Rana to India.
An overview of the news
California District Court Judge Jacqueline Chooljian has approved the Indian government's request for Rana's extradition.
Rana was arrested in the US on an extradition request by India for his role in the 2008 Mumbai terror attacks, which killed over 160 people, including six Americans.
India has charged Rana with offenses including conspiracy to commit terrorist acts, waging war, murder and forgery.
Rana was convicted in Chicago in 2011 of providing material support to the Pakistan-based terror group Lashkar-e-Taiba, which planned the Mumbai terror attacks.
India's National Investigation Agency (NIA) is probing his role in the 26/11 attacks carried out by Pakistan-based Lashkar-e-Taiba terrorists in 2008.
What is Extradition?
Extradition is the formal process of surrendering a person from one state to another.
The purpose of this process is the prosecution or punishment for offences committed by a person within the jurisdiction of the requesting country.
The extradition of a fugitive criminal to India is regulated under the Indian Extradition Act, 1962.
The Consular, Passport and Visa (CPV) Division, Ministry of External Affairs is the central/nodal authority to administer the Extradition Act.
Extradition process can be initiated in case of under-investigation, under-trial and convicted criminals.
4. Parshottam Rupala launches Sagar Parikrama Yatra Phase-V
Tags: National National News
The Union Minister of Fisheries, Animal Husbandry & Dairying, Parshottam Rupala launched the Sagar Parikrama Yatra Phase-V in Karanja, Raigad, Maharashtra on 17th May.
An overview of the news
The Sagar Parikrama Yatra Phase-V would be proceeding towards coastal regions are like Gateway of India, Karanja (Raigad District), Mirkarwada (Ratnagiri District), Devgad (Sindhudurg District), Malvan, Vasco, Mormugaon, Canacona (South Goa).
Sagar Parikrama Yatra Phase-V commencing from 7th May, 2023 and ending at Canacona, Goa on 19th May, 2023.
The Yatra will cover various fisheries schemes and programmes, including Pradhan Mantri Matsya Sampada Yojana (PMMSY) and Kisan Credit Card.
After successfully completing four phases covering 19 locations in Gujarat, Daman & Diu, Maharashtra and Karnataka, this groundbreaking initiative is garnering widespread support.
Sagar Parikrama Phase-I
It was started on March 5, 2022 from Mandvi, Gujarat to Okha-Dwarka, and concluded at Porbandar on 6 March covering 3 locations.
The programme was a huge success, with more than 5,000 people physically attending the event.
Sagar Parikrama Phase-II
It was held on September 23-25 2022 and covered seven locations.
Sagar Parikrama Phase-III
Phase-III was held on February 18-21 2023 and covered coastal districts of Gujarat and Maharashtra.
Sagar Parikrama Phase-IV
The fourth phase of the Sagar Parikrama program took place from March 18-19 covering three coastal districts of Karnataka.
It covered three districts Uttara Kannada, Udupi and Dakshina Kannada districts of Karnataka.
About Sagar Parikrama
It is a maritime evolutionary journey tour to be organized in all coastal states/UTs through sea route to show solidarity with all fishermen, fish farmers and concerned stakeholders.
It aims to address the issues of fishermen and other stakeholders and facilitate their economic upliftment through various fisheries schemes and programs like PMMSY.
5. Parshottam Rupala launches Sagar Parikrama Yatra Phase-V
Tags: National National News
The Union Minister of Fisheries, Animal Husbandry & Dairying, Parshottam Rupala launched the Sagar Parikrama Yatra Phase-V in Karanja, Raigad, Maharashtra on 17th May.
An overview of the news
The Sagar Parikrama Yatra Phase-V would be proceeding towards coastal regions are like Gateway of India, Karanja (Raigad District), Mirkarwada (Ratnagiri District), Devgad (Sindhudurg District), Malvan, Vasco, Mormugaon, Canacona (South Goa).
Sagar Parikrama Yatra Phase-V commencing from 7th May, 2023 and ending at Canacona, Goa on 19th May, 2023.
The Yatra will cover various fisheries schemes and programmes, including Pradhan Mantri Matsya Sampada Yojana (PMMSY) and Kisan Credit Card.
After successfully completing four phases covering 19 locations in Gujarat, Daman & Diu, Maharashtra and Karnataka, this groundbreaking initiative is garnering widespread support.
Sagar Parikrama Phase-I
It was started on March 5, 2022 from Mandvi, Gujarat to Okha-Dwarka, and concluded at Porbandar on 6 March covering 3 locations.
The programme was a huge success, with more than 5,000 people physically attending the event.
Sagar Parikrama Phase-II
It was held on September 23-25 2022 and covered seven locations.
Sagar Parikrama Phase-III
Phase-III was held on February 18-21 2023 and covered coastal districts of Gujarat and Maharashtra.
Sagar Parikrama Phase-IV
The fourth phase of the Sagar Parikrama program took place from March 18-19 covering three coastal districts of Karnataka.
It covered three districts Uttara Kannada, Udupi and Dakshina Kannada districts of Karnataka.
About Sagar Parikrama
It is a maritime evolutionary journey tour to be organized in all coastal states/UTs through sea route to show solidarity with all fishermen, fish farmers and concerned stakeholders.
It aims to address the issues of fishermen and other stakeholders and facilitate their economic upliftment through various fisheries schemes and programs like PMMSY.
6. Union Government approves signing of Project Cooperation Agreement between DHR and WHO on Assistive Technology
Tags: National Science and Technology National News
The Union Government approved the signing of a Project Collaboration Agreement between the Department of Health Research (DHR) and the World Health Organization (WHO) on Assistive Technology.
An Overview of the News
The agreement aims to draw global attention to access to assistive technology, promote research and innovation, and develop training programs.
The signing of a Memorandum of Understanding (MoU) between the Competition Commission of India (CCI) and the Egyptian Competition Authority (ECA) was approved during the meeting.
The MoU focuses on promoting and strengthening cooperation in competition law and policy through information exchange, sharing of best practices and capacity building initiatives.
The objective of the MoU is to develop and strengthen the relationship between the CCI and the ECA and to facilitate learning and cooperation in the enforcement of competition law.
The Union Cabinet approved the signing of an MoU between the Institute of Chartered Accountants of India (ICAI) and the Chartered Accountants of Maldives.
The objective of the MoU is to establish mutual cooperation for the advancement of accounting knowledge, professional and intellectual development, and development of the accounting profession in Maldives and India.
World Health Organization (WHO):
It is a specialised agency of the United Nations that focuses on global public health.
The headquarters of WHO is in Geneva, Switzerland.
It operates through six regional offices and 150 field offices around the world.
It was established on April 7, 1948 with the aim of addressing international health issues.
Department of Health Research (DHR):
It was created in September 2007 under the Ministry of Health and Family Welfare.
Its creation was notified through an amendment to the Government of India (Allocation of Business) Rules, 1961.
It was formally launched on 5 October 2007.
DHR functions as a separate department within the Ministry of Health and Family Welfare.
Its primary objective is to take modern health technologies to the masses through research and innovation.
7. Union Government approves signing of Project Cooperation Agreement between DHR and WHO on Assistive Technology
Tags: National Science and Technology National News
The Union Government approved the signing of a Project Collaboration Agreement between the Department of Health Research (DHR) and the World Health Organization (WHO) on Assistive Technology.
An Overview of the News
The agreement aims to draw global attention to access to assistive technology, promote research and innovation, and develop training programs.
The signing of a Memorandum of Understanding (MoU) between the Competition Commission of India (CCI) and the Egyptian Competition Authority (ECA) was approved during the meeting.
The MoU focuses on promoting and strengthening cooperation in competition law and policy through information exchange, sharing of best practices and capacity building initiatives.
The objective of the MoU is to develop and strengthen the relationship between the CCI and the ECA and to facilitate learning and cooperation in the enforcement of competition law.
The Union Cabinet approved the signing of an MoU between the Institute of Chartered Accountants of India (ICAI) and the Chartered Accountants of Maldives.
The objective of the MoU is to establish mutual cooperation for the advancement of accounting knowledge, professional and intellectual development, and development of the accounting profession in Maldives and India.
World Health Organization (WHO):
It is a specialised agency of the United Nations that focuses on global public health.
The headquarters of WHO is in Geneva, Switzerland.
It operates through six regional offices and 150 field offices around the world.
It was established on April 7, 1948 with the aim of addressing international health issues.
Department of Health Research (DHR):
It was created in September 2007 under the Ministry of Health and Family Welfare.
Its creation was notified through an amendment to the Government of India (Allocation of Business) Rules, 1961.
It was formally launched on 5 October 2007.
DHR functions as a separate department within the Ministry of Health and Family Welfare.
Its primary objective is to take modern health technologies to the masses through research and innovation.
8. Union Minister Sarbananda Sonowal inaugurated the two-day National Ayush Mission Conclave in New Delhi
Tags: National National News
On 18 May Union Minister of AYUSH Sarbananda Sonowal inaugurated the two-day National AYUSH Mission (NAM) Conclave in New Delhi.
An Overview of the News
The two-day conclave will pave the way for better coordination among stakeholders and strengthen the functioning of AYUSH health and wellness centres.
The objective of the mission is to increase the availability, reach and quality of AYUSH health services across the country through AYUSH Health Wellness Centers as part of the Ayushman Bharat scheme of the Government of India.
The government had approved operationalization of 12,500 AYUSH health wellness centres by upgrading existing AYUSH dispensaries and health sub-centres under the broad umbrella of NAM in a phased manner.
More than 8500 such centres have been established across the country and are serving the communities.
About Ministry of AYUSH
It is a government ministry in India.
It is responsible for the development, promotion and regulation of traditional systems of medicine.
AYUSH is the abbreviation of Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathic Pharmacopoeia Society and aims to promote education and research of the above.
The ministry provides educational and training programs.
Establishment - 2014
Responsible Ministers - Sarbananda Sonowal, Cabinet Minister and Mahendra Munjapara, Minister of State
Ministry Executive - Rajesh Kotecha, Secretary
Ministry of Motherhood - Ministry of Health and Family Welfare, Government of India
9. Union Minister Sarbananda Sonowal inaugurated the two-day National Ayush Mission Conclave in New Delhi
Tags: National National News
On 18 May Union Minister of AYUSH Sarbananda Sonowal inaugurated the two-day National AYUSH Mission (NAM) Conclave in New Delhi.
An Overview of the News
The two-day conclave will pave the way for better coordination among stakeholders and strengthen the functioning of AYUSH health and wellness centres.
The objective of the mission is to increase the availability, reach and quality of AYUSH health services across the country through AYUSH Health Wellness Centers as part of the Ayushman Bharat scheme of the Government of India.
The government had approved operationalization of 12,500 AYUSH health wellness centres by upgrading existing AYUSH dispensaries and health sub-centres under the broad umbrella of NAM in a phased manner.
More than 8500 such centres have been established across the country and are serving the communities.
About Ministry of AYUSH
It is a government ministry in India.
It is responsible for the development, promotion and regulation of traditional systems of medicine.
AYUSH is the abbreviation of Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathic Pharmacopoeia Society and aims to promote education and research of the above.
The ministry provides educational and training programs.
Establishment - 2014
Responsible Ministers - Sarbananda Sonowal, Cabinet Minister and Mahendra Munjapara, Minister of State
Ministry Executive - Rajesh Kotecha, Secretary
Ministry of Motherhood - Ministry of Health and Family Welfare, Government of India
10. Government to set up 1,100 new farmer producer organisations in the cooperative sector
Tags: National Economy/Finance National News
The government will set up 1,100 new Farmer Producer Organizations (FPOs) in the cooperative sector and the initiative is in line with Prime Minister Narendra Modi's vision of "prosperity through cooperation".
An Overview of the News
The National Cooperative Development Corporation (NCDC) will monitor the allotment of these additional FPOs.
Each FPO will get financial assistance of Rs 33 lakh.
Cluster based business organisations associated with FPOs will be given Rs 25 lakh per FPO.
Activities like bee-keeping and mushroom cultivation will be included as income-generating options for these societies.
The aim of setting up the FPO is to provide the necessary market linkages to the farmers.
Its objective is to ensure remunerative prices for the produce of the farmers.
National Cooperative Development Corporation (NCDC):
It is a statutory corporation established on March 13, 1963, by an Act of the Parliament of India.
The objectives of NCDC include planning and promoting cooperative programs for the production, processing, marketing, storage, export and import of agricultural produce, food items, industrial goods, livestock and other specified goods and services.
NCDC works on the basis of cooperative principles, emphasising cooperation and collective efforts for the development of cooperatives.
Headquarters - New Delhi, India
