Economic Survey 2022 Highlights

On the 31st of January 2022, Finance Minister Nirmala Sitharaman presented the Economic Survey 2021-22 to the Parliament.

Highlights:

On the 31st of January 2022, Finance Minister Nirmala Sitharaman presented the Economic Survey 2021-22 to the Parliament.

The pre-budget Economic Survey is a document that is presented to Parliament prior to the Union Budget to present the state of the economy and make policy recommendations.

A team led by Chief Economic Advisor wrote the pre-Budget Economic Survey (CEA).

The Centre named economist V Anantha Nageswaran as the next CEA just days before the presentation.

The Indian economy is expected to develop at an annual rate of 8-8.5 percent in the fiscal year 2022-23, according to the government (FY23).

For the current fiscal year 2021-22 (FY22), the GDP Growth rate is expected to be 9.2%. According to the Economic Survey, India will need to spend around USD 1.4 trillion on over the next five years to achieve a GDP of USD 5 trillion.

The lack of major base effects in 2022-23 as compared to 2021-22 is the key reason for the lower projection.

In fact, when these base effects were removed in Q3 and Q4 of 2021-22 and economic activity had begun to recover, the second half of 2021-22 saw only 5.6 percent growth.

India – Israel To Make “Village Of Exellence”

India and Israel have collaborated to transform 150 communities into ‘Villages of Excellence.’

Highlights:

The Indian government has partnered with the Israeli government to establish 150 ‘Villages of Excellence’ in 12 Indian states to assist farmers in adopting cutting-edge farm technology.

Israel would provide technical aid and other knowledge to help Agriculture-notes-for-state-psc-exams”>Agriculture become more profitable.

The 150 villages surrounding the CoEs will be transformed into “Villages of Excellence.”

Seventy-five villages would commemorate India’s 75th year of independence in the first year.

In 12 states, the Israeli government has already built 29 Centres of Excellence (CoEs).

CoEs are an excellent example of bilateral collaboration, and the certification of CoEs has been advocated to improve the standards and quality of Services given to farmers, said Mr. Gilon.

Also, He is interested in further collaboration with agri-research body ICAR and making the latest technologies available with Israel.

World Games Athlete Of The Year award 2021 Won By PR Sreejesh

PR Sreejesh, an Indian men’s hockey player, has been named World Games Athlete of the Year for 2021.

Highlights:

PR Sreejesh, an Indian men’s hockey player, has been named World Games Athlete of the Year for 2021.

He is the second Indian to win this prize, following Rani Rampal.

Rani Rampal, the Indian Women‘s hockey captain, became the first Indian to win the award in 2020 for her achievements 2019.

Based on individual or team accomplishments, the yearly Awards were nominated by 24 athletes from 17 countries.

The runners-up are Spanish wushu player Alberto Gins Lpez and Italian wushu player Michele Giordano.

Guidelines for Mission Shakti Scheme

Ministry of Women and Child Development recently released guidelines for Mission Shakti scheme.

Mission Shakti Scheme was launched by Government of India.

It will be implemented for the period of 2021-22 to 2025-26.

It an integrated women Empowerment programme.

It will act as an umbrella scheme for security, safety, and empowerment of women.

Newly released guidelines will be applicable with effect from April 1, 2022.

Mission Shakti further seeks to turn women economically empowered so that they can exercise free choice on their minds and bodies in an Environment which is free from violence and threat. It will also decrease care burden on women and improve female labour force participation. Female labour force participation will be promoted through Skill development, financial Literacy, capacity building, etc.

Over 1 crore children sent 2047 vision postcards to PM

Children across the country have put eradication of POVERTY and Corruption as some of the goals for India at 100, in their responses to the Postcards to PM initiative of the Culture Ministry as a part of Azadi Ka Amrit Mahotsav, according to sources.

The initiative was launched on December 1, 2021 and continued till December 31, with the goal of 75 lakh postcards from students to Prime Minister Narendra Modi. The students from Class IV to XII were asked to write about their favourite freedom fighters and unsung heroes from their region and what they wanted India to be in 2047, when it completes 100 years of Independence.

The absence of a mandatory central government notification has put a question mark on the jurisdiction of the set up to secure a speedy settlement of marriage-related disputes in two states. To overcome the legal difficulty, the government is bringing abillto help validate the appointment of judicial officers and court staff in the family courts ofHimachal Pradesh and Nagalandwith retrospective effect, official sources said.

The Family Courts (Amendment) Bill, 2022 is likely to be brought in the Monsoon Session of Parliament, starting July 18.

Setting up family courts and their functioning fall within the domain of the state governments in consultation with the respective high courts.

TheFamily Courts Act, 1984 provides for the establishment of family courts by the state governments in consultation with the high courts to promote conciliation and secure a speedy settlement of disputes relating to marriage and family affairs.

The validity of the family courts in Himachal Pradesh was challenged in the state High Court last year, citing the absence of the central government notification.
Since there is no provision in the Family Courts Act to issue a central government notification with retrospective effect, the amendment bill was planned by the Union law ministry.

NHRC to draft action plan for mental institutions

The https://exam.pscnotes.com/national-human-rights-commission”>National Human Rights Commission (NHRC) said it intended to draft an action plan for the efficient functioning of mental institutions in the country.

The Commission also intends to formulate a long-term plan for the efficient working of the Mansik Arogyashala [mental Health institutions].

World Bank announces $530 million in new funding for Ukraine

The has announced $530 million in supplemental funding for Ukraine to enable it to “meet urgent needs created by Russia’s invasion.”

The support, in the form of a new loan from the International Bank for Reconstruction and Development, is being guaranteed by Britain to the tune of $500 million, with Denmark backing the remaining $30 million.

The bank said it had already mobilized almost $13 billion in emergency funding for Ukraine, $11 billion of which had already been disbursed.

Punjab, Haryana in list of 7 top states that make life easier for business

Seven states, includingAndhra Pradesh, Gujarat,Haryana,Karnataka, Punjab, Naduand Telangana, have emerged as top achievers among states and union territories in theBusiness Reforms Action Plan(BRAP) assessment, covering 15 areas and 301 reform action points.
Based on their performance, states and UTs have also been categorised as achievers, aspirers and emerging business Ecosystems, unlike the past, when they were ranked.

They are now being pushed to decriminalise provisions in their laws so that minor offences do not result in harsh penalties. The move comes as a similar exercise is under way at the Centre with several laws, such as the Companies Act, already seeing changes. We have requested states to look very closely at decriminalisation…Make it a civil penalty or compoundable for minor violations, saidAnurag Jain, secretary in the department for promotion of Industry and internal trade, which undertakes the exercise.

Ramagundam: Indias largest floating Solar Power Project

Indias largest floating solar power plant was made fully operational by NTPC at Ramagundam, .

The capacity of solar plant is 100 MW.

It is powered with advanced technology and Environment friendly features.

The project spreads over 500 acres of its reservoir.

The project is divided into 49 blocks. Each block has capacity of 2.5MW and each block comprise of one floating platform and a matrix of 11,200 solar modules.

The solar modules are kept on floaters which are manufactured with HDPE (High Density Polyethylene) material.

DRDO: Autonomous Flying Wing Technology Demonstrator

It was maiden flight of the Autonomous Flying Wing Technology Demonstrator.

The aircraft operated in a fully autonomous mode and also performed a perfect flight, including its take-off, way point as well as a smooth touchdown.

It has been termed a significant step towards our self-reliance in strategic DEFENCE technologies and critical military system.

The Autonomous Flying Wing Technology Demonstrator has been designed and developed by Aeronautical Development Establishment (ADE) of DRDO.

UCAV is an unmanned aerial vehicle (UAV), which is used for intelligence, target acquisition, surveillance, and reconnaissance.