Current Affairs Exam

RCEP Indonesia Stance

June 13, 2024 by rawan239

On August 25, 2021, India’s Trade Minister, Muhammad Lutfi, presented his case to Indonesia’s lower house of parliament for ratification of the Regional Comprehensive Economic PARTNERSHIP (RCEP) trade agreement.

Highlights:

Minister argued in his statement to DPR Commission VI that the RCEP will benefit Indonesia.

In the midst of the covid-19 pandemic, it also promises to strengthen its role in regional supply chains and improve the country’s economic performance.

The Regional Comprehensive Economic Partnership (RCEP) is a between Australia, Brunei, China, Cambodia, Japan, Indonesia, Laos, South Korea, Malaysia, New Zealand, Myanmar, Singapore, Thailand, the Philippines, and Vietnam, which includes Australia, Brunei, China, Cambodia, Japan, Indonesia, Laos, South Korea, Malaysia, New Zealand, Myanmar, Singapore, Thailand, the Philippines, and Vietnam.

The RCEP does not include India or the United States. The 15-member bloc accounts for 30% of the global Population and 30% of the global GDP.

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PM interacts with Gram Panchayats & Pani Samitis on Jal Jeevan Mission

June 13, 2024 by rawan239

Prime Minister Narendra Modi will interact with Gram Panchayats and Pani Samitis or Village Water and Sanitation Committees (VWSC) on Jal Jeevan Mission On October 2 via video conferencing.

Highlights:

The Prime Minister will launch the Jal Jeevan Mission App for improving awareness among stakeholders and also launch Rashtriya Jal Jeevan Kosh.

Jal Jeevan Kosh is where any person, institution, corporation, or philanthropist, be it in India or abroad, can contribute to assist provide water connection in every rural household, school, other public institution.

Nation-wide Gram Sabhas on Jal Jeevan Mission also will happen on 2 October. The Gram Sabhas plan and manage village water systems and work towards long-term water security.

Pani Samitis has a key role in planning, implementation, management, operation, and maintenance of village water system systems, thereby providing clean water to each household on a daily and long-term basis.

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IFSCA to form Committee On Sustainable Finance.

June 13, 2024 by rawan239

FSCA has made a committee to recommend ways for the expansion of Sustainable Finance Hub.

Highlights

The committee is headed by C.K. Mishra, Former Secretary of Ministry of Environment, Forest & https://exam.pscnotes.com/Climate-change”>Climate Change with 10-members, who will recommend ways to develop a sustainable financial hub.
The committee has members from the sustainable finance sectors.

GIFT City

GIFT-City means Gujarat International Finance Tec-City. it’s in Gandhinagar, Gujarat
It is the primary International Financial Services Centre in India.
GIFT-City is seen as a worldwide hub for sustainable finance and an opening to bring Foreign Trade to India.
This committee was found out because raising financial Resources for global climate change adaptation and its mitigation needs the active participation of international investors.

IFSCA

International Financial Services Centres Authority (IFSCA) was found

out by the

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govt of India in 2020, to develop and regulate international financial services centers in India.
The main goal of IFSCA is to market easily doing business across IFSC and to supply a world-class regulatory environment.

Mitra Shakthi – India Sri Lanka Bilateral Joint Exercise On 4 October

June 13, 2024 by rawan239

Affairs:India Sri Lanka, a bilateral joint exercise called Mitra Shakti’s 8th edition was conducted from 4 October to 15 October at Ampara in Sri Lanka.

Highlights:

In the joint exercise, all arms contingent of 120 personnel from the Indian Army will participate alongside the battalion of the Sri Lankan Army.

Mitra Shakthi was conducted to push close relations between the armies of India and Sri Lanka.

It also seeks to reinforce interoperability and share best practices

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to counter insurgency and terrorism operations.

It will involve tactical level operations at the sub-unit level.

Operations were held in a global Counter Insurgency and Counter Terrorism Environment.
The exercise will act as the Catalyst to bring synergy and cooperation at the grassroots. A level between the Indian and Sri Lankan Army.

Beijing Embassy Celebrates Gandhi Jayanthi

June 13, 2024 by rawan239

Gandhi Jayanthi was celebrated by both Indian and Chinese people in the Embassy of Beijing, China.

Highlights

Ambassador Vikram Misri paid floral tributes to Father of the Nation Gandhi on his 152nd birth anniversary at Jintai Art Museum in Beijing.

Embassy of India, Beijing organized a cultural program to celebrate and remember the thoughts of Mahatma.

Swami Vivekanand Cultural Centre (SVCC) of the Embassy conducted cultural programs where Chinese students performed Bhajan

Raghupati Raghav Raja Ram guided by SVCC teachers.

Gandhis Quotes were told by Children from Dachang Xingfu School. 2 October also marks the celebration of a special week of events

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of Azadi ka Amrit Mahotsav – Indias 75 years of independence.

India has emerged as a net security provider in Indo-Pacific: Defence Minister

June 13, 2024 by rawan239

India has emerged as a regional power and net security provider in the Indo-Pacific as its capacity to provide humanitarian assistance and disaster relief to its citizens as well as regional partners has grown in recent years. This was stated by Raksha Mantri Shri Rajnath Singh at the multi-agency Humanitarian Assistance and Disaster Relief (HADR) exercise Samanvay 2022 in Agra.

The Raksha Mantri highlighted that prediction of natural disasters has to be accompanied by dissemination of information to a larger Population and shifting people to safer locations, which requires an empowered machinery. As nations have different capacities, collaborative preparation to deal with disasters is required, he stressed. Shri Rajnath Singh called upon the nations to come together in dealing with natural disasters by sharing Resources, equipment and training. In HADR, there is a need to share information for regional cooperation

and best practices

ITI Aayog releases study report on Carbon Capture, Utilisation, and Storage (CCUS) Policy Framework and its Deployment Mechanism in India

June 13, 2024 by rawan239

CCUS is key to ensuring and Growth in India, particularly for the production of clean products and energy, leading to an Atmanirbhar Bharat

A study report, titled Carbon Capture, Utilisation, and Storage Policy Framework and its Deployment Mechanism in India, was released today. The report explores the importance of Carbon Capture, Utilisation, and Storage as an emission reduction strategy to achieve deep decarbonization from the hard-to-abate sectors. The report outlines broad level policy interventions needed across various sectors for its application.

As, India has updated its NDC targets for achieving 50% of its total installed capacity from non-fossil-based energy sources, 45% reduction in emission intensity by 2030 and taking steps towards achieving Net Zero by 2070, the role of Carbon Capture, Utilisation, and Storage (CCUS) becomes important as reduction strategy to achieve decarbonization from the hard-to abate sectors.

The report indicates that CCUS can provide a wide variety of opportunities to convert the captured CO2 to different value-added products like green urea, food and beverage form application, building materials (concrete and aggregates), chemicals (methanol and ethanol), polymers (including bio-plastics) and enhanced oil recovery (EOR)

with wide market opportunities in India, thus contributing substantially to a circular economy.

The gross GST revenue collected in the month of November 2022 is1,45,867 croreof which CGST is25,681 crore, SGST is32,651 crore, IGST is77,103 crore(including 38,635 crore collected on import of goods) and Cess is10,433 crore(including 817 crore collected on import of goods)

June 13, 2024 by rawan239

The government has settled 33,997 crore to CGST and 28,538 crore to SGST from IGST as regular settlement. The total revenue of Centre and the States after regular settlements in the month of November 2022 is 59678 crore for CGST and 61189 crore for the SGST. In addition, Centre had also released 17,000 crore as GST compensation to States/UTs in November 2022.

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Union Minister for Civil Aviation Shri Jyotiraditya Scindia Launches Digi Yatra for Three Airports in the Country

June 13, 2024 by rawan239

Union Minister for Civil Aviation Shri Jyotiraditya Scindia today launched Digi Yatra from the Indira Gandhi International Airport, New Delhi for three in the country, namely New Delhi, Varanasi and Bengaluru. Digi Yatra is conceived to achieve contactless, seamless processing of passengers at airports based on Facial Recognition Technology (FRT).

The project envisages a traveller today pass through various check points at the airports through a paperless and contactless processing using facial features to establish her identity

which could be linked to the boarding pass. To use this facility, one-time registration on Digi Yatra app is required using Aadhar based validation and a self-image capture. The project has tremendous advantages of improving passenger convenience and ease of travel.

With Digi Yatra, India will now stand in the ranks of world class airports like Heathrow in London and Atlanta in United States of America. Elucidating on the benefits of Digi Yatra, the Minister stated the example of Dubai Airport where passenger time upto 40 percent

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was saved due to this technology.

UKIBCs Doing Business in India Report 2022

June 13, 2024 by rawan239

Doing Business in India Report 2022 was released by the UK India Business Council (UKIBC). Its findings are based on a survey of 111 UK businesses and higher Education institutions. It is consistent with the 7 previous surveys that were conducted each year from 2015 to 2021. Their purpose is to assess the views and experiences of UK businesses and higher education institutions in Indias business Environment.

The findings of the 2022 report

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was shared with the Department for Promotion of and Internal Trade (DPIIT) the nodal department for promoting Ease of Doing Business in India and with the Maharashtra Industrial Development Corporation, which is responsible for supporting investors in the state.

The requirement to transfer intellectual property is seen as an issue by the UK business. These businesses are looking for improved investor protection, regulatory certainty and IP protection and processes.