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Chief Minister of Arunachal Pradesh, Pema Khandu, launched two ambitious schemes on September 3, 2021.
This scheme is the subsumed version of erstwhile Chief Minister’s Sashakt Kisan Yojana and Chief Minister’s Samuh Yojana. This subsumed scheme gives more thrust and comprises more provision of bank loan. Similarly, the Atmanirbhar Bagwani Yojana is the updated version of Chief Minister’s Sashakt Kisan Yojana.
Both of the schemes are unique because both based on front-ended subsidies. Under the scheme, credit link will be provided to the beneficiaries by the State Bank of India, Arunachal Pradesh Rural Bank (APRB) and Arunachal Pradesh Cooperative Apex Bank. Under the scheme, 45 percent will be provided as government subsidy, 45 percent as bank loan while only 10 percent will have to be borne by the farmer.
To avail the schemes, no land document such as land possession certificate (LPC) will be required for SHGs. They just require simple certificate like EAC, CO or BDO concerned. Also, there will be no collateral with respect to individual schemes to get loan up to Rs 1.60 lakh. For SHGs, no collateral will be required for loans up to Rs 10 lakhs.
Schemes will be implemented by:
ATD BEST Awards:
About POWERGRID:
Bangladeshi scientist, Dr Firdausi Qadri, won the Ramon Magsaysay Award.
She decided early on to pursue a career in medical research. She joined icddr,b in 1988 to focus her research on communicable diseases, immunology, vaccine development and clinical trials.
The most difficult assignments before her were in the fight against cholera and typhoid. These two major diseases are prevalent in Bangladesh as well as in Asian and African nations with limited access to adequate water, sanitation, medical treatment and education. Dr Qadri played a key role in development of a more affordable oral cholera vaccine (OCV) as well as typhoid conjugate vaccine (ViTCV) for infants, children and adults.
This institute was founded by her in 2014. It conducts biomedical research and runs training courses as well as a testing center. The institute has become a hub of scientific activity by local and visiting scientists in Bangladesh.
Ramon Magsaysay Award is the highest honour in Asia. It was established in April 1957 and is widely regarded as the equivalent of the Nobel Prize in Asia. The award is presented to individuals who have made extraordinary contributions in eradication of poverty and development of the society in Asia.
Other recipients of award in 2021 are-
President Ram Nath Kovind will award the President’s Colour to Indian Naval Aviation at a ceremonial parade to be held at INS Hansa, Goa, on September 6.
The President’s Colour is the highest honour bestowed on a military unit in recognition of its exceptional service to the nation. The Indian Navy was the first amongst the Indian Armed Forces to be awarded the President’s Colour on 27 May 1951 by Dr Rajendra Prasad, the then President of India. Subsequent recipients of the President’s Colour in the Navy include Southern Naval Command, Eastern Naval Command, Western Naval Command, Eastern Fleet, Western Fleet, Submarine Arm, INS Shivaji and the Indian Naval Academy.
Indian Naval Aviation came into being with acquisition of the first Seal and aircraft on 13 Jan 1951 and commissioning of INS Garuda, the first Naval Air Station, on 11 May 1953.
The year 1959 saw the commissioning of Indian Naval Air Squadron (INAS) 550 with 10 Seal and, 10 Firefly and three HT-2 aircraft.
The world witnessed the Carrier arm of Indian Naval Aviation coming of age with the induction of INS Vikrant, the first Aircraft Carrier, in 1957 and integral Sea Hawk and Alize Squadrons subsequently.
The total market value of cryptocurrencies rose above $2 trillion mark last month as Bitcoin continued to climb along with other coins such as Cardano, XRP and Dogecoin.
A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on block chain technology—a distributed ledger enforced by a disparate network of computers. A defining feature of cryptocurrencies is that they are generally not issued by any central authority, rendering them theoretically immune to government interference or manipulation.
Key Takeaways
Bitcoin
Bitcoin was launched in 2009 by an individual or group known by the pseudonym "Satoshi Nakamoto."1 As of August 2021, there were over 18.8 million bitcoins in circulation with a total market cap of around $858.9 billion, with the figure updating frequently.
Some other crypto currencies are - Bitcoin , Ethereum, Ripple, Dash, Litecoin , Dogecoin etc.
India’s largest lender State Bank of India (SBI) announced on September 3, 2021 that it has raised Rs 4,000 crore through additional Tier 1 (AT1) bonds.
Axis Bank will use these proceeds for green and social projects. It has set an initial price guidance of 4.4% for the bonds. Axis Bank became the second Indian lender in 2021 to tap overseas debt markets to raise funds using AT1 Bonds. HDFC Bank also raised $1 billion, recently.
SEBI amended the 100-year valuation rule for perpetual bonds, in March 2021. As per new rules, deemed residual maturity period of Basel III AT-1 bonds will be 10 years until March 31, 2022. This period will be increased to 20 and 30 years in subsequent six-month period. According to new rule, from April 2023, residual maturity of AT-1 bonds will become 100 years from the date of issuance of these bonds.
AT1 bonds are also called perpetual bonds. They carry no maturity date but are having a call option. The issuer of these bonds may call or redeem the bonds in case it is getting money at a cheaper rate, especially when interest rates are decreasing.
New Development Bank (NDB) by BRICS group of nations has added United Arab Emirates, Uruguay and Bangladesh as the new members on September 2, 2021.
This first batch of new members were added to the bank as part of its expansion drive.
New Development Bank was Launched in 2015 by the BRICS Members- Brazil, Russia, India, China and South Africa. It was formerly referred as “BRICS development bank”. It is headquartered in Shanghai. The first regional office of the NDB was set up in Johannesburg, South Africa while second regional office was established in 2019 in Brazil, followed by in Russia.
The bank mobilises resources for infrastructure and sustainable development projects in the member countries as well as in other developing nations. It complements the existing efforts made by multilateral and regional financial institutions towards global growth and development.
NDB started it membership expansion and started formal negotiations with prospective members in 2020. Admission of the UAE, Uruguay and Bangladesh as Bank’s first new member countries, was approved after a round of successful negotiations.
The Bank has an authorised capital of USD 100 billion. It is open for subscription by members of the United Nations NDB has approved about 80 projects in all of its member countries which amount to portfolio of USD 30 billion. Projects in areas of transport, water & sanitation, digital infrastructure, clean energy, social infrastructure and urban development are within the scope of NDB.
Shanti Lal Jain has assumed charge as Managing Director and Chief Executive Officer of Chennai-headquartered Indian Bank from today.
Equitas Small Finance Bank (SFB) has launched a new initiative that enables Google Pay users to book fixed deposits (FDs) on Google Pay in just 2 minutes without opening a bank account.
Equitas SFB’s offers high FD returns as compared to other private lenders or public state lenders. Under RBI Scheduled Commercial Bank, deposits in Equitas are covered through a deposit guarantee up to Rs 5 lakhs per depositor. Customers get returns of up to 6.35% for an FD of one year.
The proceeds will automatically go to Google Pay user’s existing Google Pay linked bank account, on maturity. From the Equitas Bank Spot on Google Pay platform, Google Pay users can track their deposit, add new ones and place order for premature withdrawal.
If a Google Pay user go for premature withdrawal of deposits, proceeds will reach their bank account the same day.
This small finance bank was founded in 2016 as a microfinance lender. It became a scheduled bank in 2017. It is headquartered in Chennai, and is a subsidiary of holding company Equitas Holdings Ltd.
The International Monetary Fund (IMF) has increased the allocation of Special Drawing Rights (SDR) to India in line with the existing quota of India in the fund.
SDR is neither a currency nor a claim on the IMF. It is a potential claim on freely usable currencies of the member countries. SDRs can be exchanged for these currencies among the members. It serves as the unit of account for IMF and other international organizations.
Currency value of the SDR is calculated by summing the values of SDR basket of currencies in U.S. dollars on the basis of market exchange rates. It is calculated daily (except on IMF holidays or when IMF is closed for business). The valuation basket of SDR is reviewed and adjusted every five years.
SDR basket comprises of U.S. dollar, Euro, Japanese yen, pound sterling and Chinese renminbi.
IMF is an organization comprising of 189 member countries. Each member is having representation on the IMF’s executive board in proportion of their financial importance. Thus, most powerful countries in global economy have the most voting power. IMF was conceived in July 1944 at a UN conference in Bretton Woods, United States.
The Reserve Bank of India (RBI) has imposed a monetary penalty of ?25 lakh on Axis Bank Ltd. for contravention of/non-compliance with certain provisions of directions issued by it which are contained in the Reserve Bank of India – (Know Your Customer (KYC)) Direction, 2016.
“This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers,” the RBI said.
A scrutiny was carried out by RBI during February 2020 and March 2020 in a customer account maintained with the bank and it was observed that the bank had failed to comply with the directions, RBI said in a release.
It said the bank had failed to monitor/carry out on-going due diligence in that account to ensure that the transactions were consistent with its knowledge about the customer, customer’s business and risk profile.
A notice was issued to the bank advising it to show cause why penalty should not be imposed on it and after considering the bank’s reply to the notice and oral submissions made during the personal hearing,” RBI came to the conclusion that the charge of contravention of/non- compliance with the aforesaid RBI directions were substantiated and warranted imposition of monetary penalty, to the extent of non-compliance with the aforesaid direction,” RBI said.
The Reserve Bank of India is India's central bank and regulatory body under the jurisdiction of Ministry of Finance, Government of India. It is responsible for the issue and supply of the Indian rupee and the regulation of the Indian banking system.
Governor: Shaktikanta Das Headquarters: Mumbai Founder: British Raj Founded: 1 April 1935, Kolkata
Axis Bank Limited is an Indian banking and financial services company headquartered in Mumbai, Maharashtra. It sells financial services to large and mid-size companies, SMEs and retail businesses. As of 30 June 2016, 30.81% shares are owned by the promoters and the promoter group. Headquarters: Mumbai CEO: Amitabh Chaudhry Established in - 3 December 1993, Ahmedabad
Insolvency and Bankruptcy Board of India (IBBI) has proposed amendments in the liquidation process under the Insolvency and Bankruptcy Code (IBC) in order to bring transparency and to address the difficulties faced by stakeholders, meet evolving requirements and to achieve the objectives of the Code.
New amendments were proposed to further strengthen the regulatory framework of the liquidation process with respect to accountability of liquidator towards stakeholders. Discussion also proposed to provide that if the secured creditors with 60 per cent of the value in secured debt, decide to realise the security interest, this decision will be binding on the other so as to treat all charge holders at same level.
The Insolvency and Bankruptcy Board of India was established on 1st October, 2016 under the Insolvency and Bankruptcy Code, 2016 (Code). It is a key pillar responsible for implementation of the Code that consolidates and amends the laws relating to reorganization and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner. It has been tasked to promote the development of, and regulate, the working and practices of, insolvency professional agencies and information utilities.
Insolvency and Bankruptcy Code provides IBBI statutory powers. The code was passed by Lok Sabha in May 2016. Present whole-time members of the IBBI include Dr. Navrang Saini, Dr. Ms. Mukulita Vijayawargiya and Sh. Sudhakar Shukla.
Shanti Lal Jain assumed charge as Managing Director and Chief Executive Officer of Indian Bank on 1st September 2021. Earlier Bank Of Baroda had announced that Shanti Lal Jain would cease to be its executive director from September 1, due to his appointment as the MD & CEO of Indian Bank for a tenure of 3 years.
With more than 25 years of experience in banking, Jain possesses rich experience in critical portfolios. He joined Allahabad Bank in 1993 in the Middle Management cadre. As a General Manager, he has served as the Chief Financial Officer, Chief Risk Officer and headed the IT department of the Bank.
about indian bank - Indian Bank is an Indian nationalised financial services and banking company. It is under the ownership of the Ministry of Finance of the Government of India, established in 1907 and headquartered in Chennai, India.
A premier bank owned by the Government of India the Indian Bank was incorporated in 05 March 1907 as Indian Bank Limited and commenced operations in 15 August 1907 as part of the Swadeshi movement.
Subsidiaries: Allahabad Bank, Indian Bank Singapore Founders: S. Rm. M. Ramaswami Chettiar, V. Krishnaswamy Iyer, S. Rm. M. Annamalai Chettiar
The RBI said on Monday the fair value of the share-linked incentives paid to chief executive officers, whole-time directors and other key functionaries by the private banks should be recognised as an expense during the relevant accounting period.
The RBI has also asked all banks, including local area banks, small finance banks and foreign banks to comply with its directions for all share-linked instruments granted after the accounting period ending March 31, 2021.
The central bank had issued guidelines on the compensation of whole-time directors/ chief executive officers/ material risk takers and control function staff in November 2019.
Issuing a clarification in this regard, the RBI said, the fair value should be recognised as expense beginning with the accounting period for which approval has been granted".
The RBI issued the clarification saying "it has been observed" that banks do not recognise grants of the share-linked compensation as an expense in their books of account concurrently.
The Reserve Bank released its quarterly house price index (HPI) (base: 2010-11=100) for Q1:2021-22, based on transaction-level data received from housing registration authorities in ten major cities (viz., Ahmedabad, Bengaluru, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow, and Mumbai). Time series data on all-India and city-wise HPIs are available at the Bank’s Database of Indian Economy (DBIE) portal (https://dbie.rbi.org.in/DBIE/dbie.rbi?site=statistics> Real Sector > Price & Wages > Quarterly).
All-India HPI recorded 2.0 per cent annual growth (y-o-y) in Q1:2021-22 as compared with 2.7 per cent growth in the previous quarter and 2.8 per cent a year ago; HPI growth varied widely across the cities- it ranged from an expansion of 8.8 per cent (Ahmedabad) to a contraction of (-) 5.1 per cent (Chennai).
On a sequential (q-o-q) basis, the all-India HPI registered a 0.5 per cent growth in Q1:2021-22; Mumbai, Delhi, Chennai, Kanpur and Lucknow recorded a sequential decline in HPI, whereas it increased in other five cities.
Fintech services provider, PayU, is set to acquire the Indian digital payments provider, BillDesk for $4.7 billion. This will be one among the largest deals in Indian fintech sector.
Highlights
BillDesk is an Indian online payment gateway company. It is based in Mumbai. It is a financially independent company and is monitored under the Payments and Settlements Systems Act, 2007 which is regulated and supervised by the Reserve Bank of India. It was founded by Indian entrepreneurs viz., M.N. Srinivasu, Ajay Kaushal and Karthik Ganapathy in the year 2000.
The Egyptian Armed Forces announced the start of Operation Bright Star 2021 on Thursday. According to a video published by Egyptian army spokesman, Col. Arkan Harb Gharib Abdel Hafez, the joint drills are taking place with the participation of 21 other countries from Sept. 2-17.
Indian Army contingent is set to participate in a two-week multination military exercise called ‘ZAPAD 2021’.
According to the defence ministry, a contingent of 200 personnel of the Indian Army will participate. Naga Battalion group will also be participating in the exercise and will feature an all Arms combined task force. The Indian contingent has gone through a strenuous training schedule which include conventional operations like mechanised, airborne & heliborne, counter-terrorism, combat conditioning and firing.
ZAPAD 2021 exercise will be organised with the aim of enhancing military and strategic ties amongst the participating nations and boosting anti-terror cooperation.
A separate exercise called KAZIND-21 also started on September 1, 2020. It is a 13-day military exercise between the militaries of India and Kazakhstan. It commenced at training Node Aisha Bibi, Kazakhstan. This year marked the fifth edition of the annual bilateral exercise between both the armies. 90 personnel from Bihar Regiment of the Indian Army are participating in the exercise.
The Indian Navy signed a contract with the Bharat Limited (BEL) for the supply of the first indigenous comprehensive Naval Anti Drone System (NADS).
The NADS has been developed by DRDO and manufactured by BEL. It is the first indigenously developed anti-drone system that will be inducted into the Indian Armed Forces.
NADS has the capability to detect and jam micro drones. It uses a laser-based kill mechanism in order to terminate targets. It will act as an effective all-encompassing counter the increased drone threat to strategic naval installations. It uses help of radar, electro-optical/infrared (EO/IR) sensors and radio frequency (RF) detectors in order to detect and jam micro drones.
This anti-drone system was first deployed to provide security cover for Republic Day Parade in 2021 as well as during Prime Minister Narendra Modi’s Independence Day address from Red Fort. It was also deployed in Ahmedabad for the Modi-Trump roadshow.The Indian Navy signed a contract with the Bharat Limited (BEL) for the supply of the first indigenous comprehensive Naval Anti Drone System (NADS).
The Indian Navy on Tuesday (31 August) sealed a contract with defence PSU Bharat Electronics Limited (BEL) for the supply of the first indigenously developed Naval Anti Drone System (NADS) said the defence ministry.
The NADS, developed by the Defence Research and Development Organisation (DRDO) and manufactured by BEL, is the first indigenously developed anti-drone system to be inducted into the Indian armed forces, it said.
Both the countries have established diplomatic relationship. Algeria is having an embassy in New Delhi while India set up it in Algiers. They are part of Non aligned movement. Being a member of African Union, Algeria supports the candidacy of India for a permanent seat in Security Council. Trade between both the countries has increased from US$55 million in 2001 to US$3.4 billion in 2011. Both the countries have also taken steps to increase collaboration in the oil sector.
Indian car company, Maruti, has a significant market in Algeria. It is the third largest export market for Maruti.
India also provided Algeria US $1 million humanitarian aid to help the “victims of the earthquake in Algeria in May 2003. India handed over medicines worth half a million US dollars in April 2004.
Indian Space Research Organisation launched the Satellite Alsat 2A of Algeria into orbit in July 2010.
India has sent Indian Naval Ship (INS) Kesari, carrying food items and medical assistance teams, to countries in the southern Indian Ocean to deal with Covid-19 pandemic as part of a "Mission Sagar" initiative.
Key Points The countries including Maldives, Mauritius, Madagascar, Comoros and Seychelles had requested India for assistance in dealing with the Covid-19 pandemic.
Mauritius, Madagascar, Comoros and Seychelles along with La Réunion are part of Indian Ocean Commission. India has recently become an observer to the Commission.
This is the first time that a single assistance mission is covering all island countries of the western Indian Ocean in one go — except Sri Lanka, for which a second set of medicines have been airlifted.
Under the Mission, India will Deploy Medical Assistance Teams in Mauritius and Comoros, helping their Governments deal with Covid emergency and in case of Comoros, with dengue fever also. Deliver consignments of Covid related essential medicines to Mauritius, Madagascar, Comoros and Seychelles and about 600 tonnes of food items to Maldives. In addition, in case of Mauritius, a special consignment of Ayurvedic medicines is also being sent. The consignments also include Hydroxychloroquine tablets. SAGAR Security and Growth for All in the Region (SAGAR) was launched in 2015. It is India’s strategic vision for the Indian Ocean Region (IOR). Through SAGAR, India seeks to deepen economic and security cooperation with its maritime neighbours and assist in building their maritime security capabilities. Further, India seeks to safeguard its national interests and ensure Indian Ocean region to become inclusive, collaborative and respect international law. The key relevance of SAGAR emerges when seen in conjunction with India’s other policies impacting the maritime domain like Act East Policy, Project Sagarmala, Project Mausam, India as ‘net security provider’, focus on Blue Economy etc.
Dutch tech investment firm Prosus on Tuesday said its subsidiary PayU had agreed to acquire Indian payments gateway BillDesk for $4.7 billion, making this one of the biggest deals in the Indian digital payments sector.
The company said that together, PayU and BillDesk would be able to ‘meet the changing payments needs of digital consumers, merchants and government enterprises in India’ and offer ‘state-of-the-art technology to even more of the excluded sections of society, while ‘delivering robust consumer protection’.
“Prosus N.V., the global consumer Internet group and one of the largest technology investors in the world, announced today that an agreement has been reached between PayU and the shareholders of the Indian digital payments provider BillDesk to acquire BillDesk for $4.7 billion,” the company said in a statement.
“We have a long and deep relationship with India, having supported and partnered with some of its most dynamic entrepreneurs and new tech businesses since 2005. We’ve invested close to $6 billion in Indian tech to date, and this deal will see that increase to more than $10 billion,” Bob van Dijk, Group CEO of Prosus, said.
He added that along with classifieds, food delivery, and education technology, payments and fintech was a core segment for Prosus, and India remained its number one investment destination.
PayU has previously acquired firms such as CitrusPay, Paysense and Wibmo in India. BillDesk, which was founded in 2000, is among the leading payments businesses in the country.
“Acquisition of BillDesk will see PayU become one of the leading online payment providers globally, handling a total payment volume (TPV) of $147 billion,” the company added.
According to the FY21 annual report of the Reserve Bank of India (RBI), the number of transactions for digital retail payments has grown by more than 80% from 24 billion in FY19 to 44 billion in FY21.
Over the next three years, RBI expects more than 200 million new users to adopt digital payments with the average annual transactions per capita rising tenfold from 22 to 220.
“PayU India and BillDesk run complementary businesses within India’s digital payment industry. Together, the two expect to create a financial ecosystem handling four billion transactions annually — four times PayU’s current level in India,” it added.
Finance Minister Nirmala Sitharaman will chair the 45th meeting of the Goods and Services Tax Council on September 17 at Lucknow, the Ministry said late on Wednesday.
The Minister, who chairs the Council, had assured States that a special meeting of the Council would be held to discuss issues related to GST compensation due to them. The agenda for the September 17 meeting could not be ascertained at the time of going to press.
The Goods and Service Tax Act was passed in the Parliament on 29th March 2017 and came into effect on 1st July 2017. In other words,Goods and Service Tax (GST) is levied on the supply of goods and services.
Finance Minister, Nirmala Sitharaman, chaired the 24th meeting of Financial Stability and Development Council (FSDC) at Vigyan Bhavan, New Delhi.
FSDC is an apex-level body that was set by the government of India in order to create a super regulatory body. Its establishment was first recommended by the Raghuram Rajan Committee in 2008. Finally in 2010, Pranab Mukherjee (the then Finance Minister of India) decided to set up this autonomous body to deal with macro prudential and financial regularities of entire financial sector in India. It is not a statutory body. No funds are allocated separately to the council to undertake its activities.
In order to strengthen and institutionalize the mechanism of maintaining financial stability, to enhance inter-regulatory coordination and to promote financial sector development, FSDC was set up as the apex level forum in December 2010.
This council is considered as India’s initiative to be better conditioned in preventing any economic crisis in future.
24.77 crore accounts
According to the data of Ministry of Statistics & Programme Implementation, economic growth of India accelerated to a record high in the quarter through June 2021.
Market value of all final goods and services that are produced within an economy is called as Gross Domestic Product. It is calculated in two ways:
In case of high rate of inflation, nominal GDP will be higher than the real GDP. But in case of deflation, real GDP will be e higher than the nominal GDP.
The Unified Payments Interface (UPI) by National Payments Corporation of India (NPCI) recorded more than 3 billion transactions in August 2021.
UPI crossed 1 billion transactions in October 2019, for the first time and in October 2020, it crossed 2 billion transactions for the first time. The mark of 3 billion transactions was touched in just 10 months’ time, indicating the popularity of the UPI for retail digital payments among consumers.
UPI is an instant real-time payment system, developed by National Payments Corporation of India (NPCI). It facilitates inter-bank peer-to-peer (P2P) and person-to-merchant (P2M) transactions. It is regulated by the Reserve Bank of India (RBI). Currently, IIT Madras is working to integrate voice command feature in order to support English and Indian vernacular language in future.
Highlights :- According to IBBI, regulatory framework of liquidation process has been improvised on various occasions in last five years in a bid to address the difficulties faced by stakeholders, meet evolving requirements and to achieve the objectives of the Code. New amendments were proposed to further strengthen the regulatory framework of the liquidation process with respect to accountability of liquidator towards stakeholders. Discussion paper also proposed to provide that if the secured creditors with 60 per cent of the value in secured debt decide to realise the security interest, this decision will be binding on the other ‘pari-passu’ charge holders. IBBI (Liquidation Process) Regulations, 2016 It provides that the liquidator should carry on the business of corporate debtor for its beneficial liquidation and exercise all the powers of its board of directors, managerial personnel as well as the partners. It also provides to comply with applicable laws in behalf of the firm. "It handles the cases using two tribunals like NCLT (National company law tribunal) and Debt recovery tribunal."
Insolvency and Bankruptcy Board of India (IBBI) IBBI is the regulator to look after the insolvency proceedings and entities such as Insolvency Professional Agencies (IPA), Information Utilities in India and Insolvency Professionals (IP). It was established in October 2016. Insolvency and Bankruptcy Code provides IBBI statutory powers. The code was passed by Lok Sabha in May 2016. Present whole-time members of the IBBI include Dr. Navrang Saini, Dr. Ms. Mukulita Vijayawargiya and Sh. Sudhakar Shukla.
"The Insolvency and Bankruptcy Board of India was established on 1st October, 2016 under the Insolvency and Bankruptcy Code, 2016 " .
Finance Ministry extends last date for availing GST amnesty scheme till November 30.
•The Finance Ministry on August 29, 2021, extended the last date to avail the GST amnesty scheme till November 30, 2021. Earlier, the last date to avail of the scheme was August 31, 2021.
•Under the Amnesty scheme, the Central government offers relief to taxpayers by reducing or waiving off the late fee for non-furnishing of GSTR-3B for the tax periods from July 2017 to April 2021, the taxpayers filed their returns by August 31, 2021. This has been extended to November 30, 2021.
•The Finance Ministry also extended the deadline for filing of the application for revocation of cancellation of registration to September 30, 2021. The extension will only be applicable in cases where registrations have been cancelled under Clause (b) or Clause (c) of Sub-section (2) of Section 29 of the CGST Act,
•The Finance Ministry has also extended the deadline for the use of Electronic Verification Code (EVC) instead of Digital Signature Certificate (DSC) for filing Form GSTR-3B and Form GSTR-1 by companies to October 31, 2021. Earlier, the use of EVC was implemented from April 27, 2021, to August 31, 2021.
The concept of SAMRIDH has been developed on the lines of Silicon Valley based accelerator Y Combinator.
Highlights of SAMRIDH:
• It aims to create a conducive platform to Indian software product startups to enhance their products and secure investments for scaling their business. The programme is being implemented by MeitY Startup Hub (MSH).
• It will support 300 startups by providing customer connect, investor connect, and international immersion for next three years.
• MeitY will provide seed funds of up to Rs 40 lakh for the selected startups and mentorship.
• The programme aims to boost growth in the startup sector which has seen the emergence of 63 unicorns, and is now the third largest unicorn hub globally with a total valuation of $168 billion.
• A unicorn is a privately held startup valued at over $1 billion.
What is Y Combinator?
• Y Combinator is a startup fund based in Mountain View, California.
• In 2005, Y Combinator developed a new model of startup funding. Twice a year they invest a small amount of money in a large number of startups. The startups move to Silicon Valley for three months, and the YC partners work closely with each company to get them into the best possible shape and refine their pitch to investors.
• Each batch culminates in Demo Day, when the startups present their companies to a carefully selected audience of investors.
• Y Combinator has invested in over 3,000 companies including Airbnb, Dropbox, Stripe, Reddit, Instacart, Docker and Gusto. The combined valuation of YC companies is over $300 billion.
The country’s power consumption in August last year stood at 109.21 BU, lower than 111.52 BU in the same month in 2019, as per the data. India’s power consumption grew 18.6% in August to 129.51 billion units (BU) and remained higher than the pre-COVID level due to improved economic activities amid easing of lockdown curbs by States, according to Power Ministry data.
The country’s power consumption in August last year stood at 109.21 BU, lower than 111.52 BU in the same month in 2019, as per the data.
Experts say the recovery in power demand and consumption in August 2021 is consistent and robust.
They are of the view that the recovery would further improve as many States have eased lockdown restrictions to boost economic activities after the number of new cases declined.
The only fear is that another wave of the pandemic can dampen this recovery in power consumption and demand, they said.
The commercial and industrial power demand and consumption got affected from April onwards this year due to lockdown restrictions imposed by States to contain the deadly second wave of COVID-19.
There are fears of another wave of the pandemic which may result in lockdown restrictions and will impact commercial and industrial demand for power in the country, according to experts.
Peak power demand met or the highest supply in a day stood at 196.24 GW in August, which is 17.1% higher compared to a year ago.
The peak power demand in August 2020 stood at 167.52 GW, lower than 177.52 GW in the same month in 2019, showing the adverse impact of the pandemic on power demand.
The government had imposed a nationwide lockdown on March 25, 2020 to contain the spread of coronavirus.
The lockdown was eased in a phased manner, but it hit the economic and commercial activities and resulted in lower commercial and industrial demand for electricity in the country.
April 2021 saw year-on-year growth of nearly 38.5% in power consumption.
The second wave of COVID-19 started in the middle of April this year and affected the recovery in commercial and industrial power demand as States started imposing restrictions in the latter part of the month.
Power consumption in the country witnessed 6.6% year-on-year growth in May this year at 108.80 BU despite a low base of 102.08 BU in the same month of 2020.
As per the latest data, power consumption in June grew nearly 9% to 114.48 BU, compared to 105.08 BU in the same month last year.
Power consumption in July this year grew nearly 9.4% to 123.72 BU compared to 112.14BU in the same month a year ago.
Power consumption in February this year was recorded at 103.25 BU, compared to 103.81 BU a year ago. In March this year, power consumption grew nearly 22% to 120.63 BU, compared to 98.95 BU in the same month of 2020.
After a gap of six months, power consumption had recorded 4.6% year-on-year growth in September 2020, and 11.6% in October 2020. In November, power consumption growth slowed to 3.12%, mainly due to early onset of winters.
In December, it grew 4.5%, while this was 4.4% higher in January 2021.
The ambitious Draft Regional Plan-2041 (DRP-2041) was discussed by NCR Planning Board (NCRPB) on August 31, 2021. Though, its approval was deferred for now.
The DRP-2041 seeks to make National Capital Region (NCR) a smart region by improving connectivity among towns by bringing in bullet trains, helitaxi services, and smart roads to evolve it into an economically prosperous area comprising of citizen-centric harmonious infrastructure.
DRP-2041 emphasises on construction of multilevel parking complexes a mandatory requirement for city centres with high rise commercial complexes in order to make the region congestion free. It also recommends to park commercial vehicles at periphery in order to avoid congestion.
It recommends to make NCR future ready for sustainable development as the population NCR is expected to grow to around 7 crores by 2031 and 11 crores by 2041.
The NCRPB comprises of entire Delhi, eight districts of Uttar Pradesh, 14 districts of Haryana as well as two districts of Rajasthan. It covers an area of about 55,083 square kilometres. According to draft plan 57 per cent of the total areas of NCRPB will be urbanised by 2031 while 67 per cent by 2041.
Draft plan emphasises on the necessity of minimising journey times across NCR and limit travel times across the region under 30 minutes by bringing in superfast trains & helitaxi services and under 60 minutes by other trains and two to three hours by car.
Airtel board approves up to 21,000 crores rights issue
The Odisha Assembly passed a bill to set up a University of Health Sciences amid uproar by the opposition. At present the medical and paramedical institutions in the state are affiliated to different universities. The state government would now bring them under the University of Health Sciences.
According to state health minister Naba Kisore Das, the universities to which the medical and paramedical institutions are affiliated at present are general universities that do not specialise in the study of medical sciences.
He said that all the health examinations will now be conducted through this university from now onwards. The latest technology will be introduced through this university in Odisha.
The Drug Controller General of India (DCGI) gave approval to another indigenous COVID-19 vaccine candidate called CORBEVAX for two clinical trials.
This vaccine is also called as BioE COVID-19 vaccine. This COVID-19 vaccine candidate has been developed by Indian biopharmaceutical firm Biological E. Limited (BioE) in collaboration with the Baylor College of Medicine, Houston in United States and American company Dynavax Technologies (DVAX). Vaccine is a protein subunit vaccine. Ministry of Health and Family Welfare has already ordered 300 million doses of Corbevax in June 2021.
U.S. International Development Finance Corporation (DFC) announced in April 2021 to fund the expansion of BioE’s manufacturing capabilities in order to produce at least 1 billion doses by end of 2022.
Phase I clinical trial was carried in 360 participants in order to evaluate the safety and immunogenicity of the vaccine candidate. Its phase II trial was concluded in April 2021. Permission to conduct phase III clinical trials was given in April 2021.
Union Minister Sarbananda Sonowal launches 'AYUSH AAPKE DWAR' campaign from Mumbai. Distributes medicinal plant saplings; calls for Y-Break Protocol
SonowalSarbananda Sonowal is an Indian politician from Assam who is the current Minister of Ports, Shipping and Waterways and Minister of AYUSH in the Government of India.He is also a member of the Cabinet Committee on Political Affairs. He is a former Chief Minister of Assam and a former MLA in Assam Legislative Assembly. Sonowal earlier served as the Assam state President of Bharatiya Janata Party (BJP) from 2012 to 2014 and again in 2015 to 2016.[
AYUSH is the acronym of the medical systems that are being practiced in India such as Ayurveda, Yoga & Naturopathy, Unani, Siddha and Homeopathy. These systems are based on definite medical philosophies and represent a way of healthy living with established concepts on prevention of diseases and promotion of health.
Mu Variant’ of the coronavirus was first identified in Colombia in January 2021. Now, the World Health Organization (WHO) is monitoring this variant of interest.
Concerns are raising over the emergence of new virus mutations because infection rates are increasing globally again due to highly transmissible Delta variant. Cases are rising especially among the unvaccinated regions and the regions where covid-19 measures have been relaxed.
All viruses, including SARS-CoV-2, mutate over time. Most of the mutation has little or no effect on properties of the virus. However, there are certain mutations which can impact the properties of virus, how easily it spreads, severity of the disease, and its resistance to vaccines & drugs.
WHO has currently designated four Covid-19 variants of concerns. It includes Alpha variant, which is present in 193 countries, as well as Delta variant, which is present in 170 countries. Now, Mu variant was added to the list which is currently being monitored along with four others.
Mu variant is also known as lineage B.1.621 or VUI-21JUL-1. It was first detected in January 2021 in Colombia. WHO designated it as ‘Variant of interest’ on August 30, 2021. Cases of the Mu variant were reported in South America and Europe. Mu Variant’ of the coronavirus was first identified in Colombia in January 2021. Now, the World Health Organization (WHO) is monitoring this variant of interest.
Recently, a mystery fever was reported from parts of Uttar Pradesh. It claimed about 40 lives, mostly children in one week. This viral fever was identified as Scrub typhus.
Scrub typhus is a re-emerging Rickettsial infection. This vector-borne disease has been earlier reported in India and other South Asian countries. This disease is marked by fever and rashes. It also affects the central nervous system, cardiovascular system, respiratory system, renal system and gastrointestinal systems. In complicated cases, it could lead to pneumonia, meningo-encephalitis, gastro-intestinal bleeding, acute renal failure, and acute respiratory distress syndrome (ARDS).
This disease has been named “scrub” after the type of vegetation that harbours the vector. Typhus is a Greek word with meaning “fever with stupor” or smoke. This disease took the form of an epidemic during World War II in some countries while during the Second World War, it emerged as the most dreaded disease among soldiers of the Far East. In India, this fever out in an epidemic form during Second World War in Assam and West Bengal.
Scrub typhus fever is caused by a bacterium called Orientia tsutsugamushi. The name of the bacterium is of Japanese origin. The word “tsutsuga” means illness and “mushi” means insect. This disease spreads through bites of infected chiggers or larval mites. Bite marks are found on the armpit, genitalia or neck.
Singapore has introduced a “Vaccinated Travel Lanes”, for the fully vaccinated travellers.
Reopening of international travel in the backdrop of Covid-19 is not going to be a straightforward affair. Countries have been experimenting several concepts in order to allow the movement of passengers between nations such as air bubbles, travel corridors, vaccine passports, and traffic light system. Vaccinated Travel Lane is the new addition to the list.
These lanes are basically an extension of travel corridors. However, these are meant only for fully vaccinated travellers.
Vaccinated Travel Lanes are introduced by Singapore. As of now, Singapore has established it with two jurisdictions viz., Germany and Brunei Darussalam. Thus, Singapore is allowing fully vaccinated passengers from these two countries to arrive for any travel purpose without any quarantine requirements.
Singapore will designate specific flights for these lanes to work. Window to apply for Vaccinated Travel lanes opened from September 1 and such flights will run from September 8 onwards. Citizens and permanent residents of Singapore do not need to apply for it in order to travel back home under this mechanism.
In order to apply, travellers are required to be fully vaccinated. Persons will be considered fully vaccinated 14 days after receiving the full dose of vaccine authorised by WHO for emergency use. It include Covishield vaccine by Serum Institute of India.
The Union Ministry of Women and Child Development has planned to organise and celebrate Thematic POSHAN Maah in September 2021.
POSHAN Abhiyaan is the flagship programme of government of India to improve nutritional outcomes for pregnant women, lactating mother, children and adolescent Girls. This mission was launched by Prime Minister Narendra Modi on the occasion of International Women’s Day on March 8, 2018. POSHAN stands for “Prime Minister’s Overarching Scheme for Holistic Nutrition” Abhiyaan. This mission was announced in Budget 2021-2022.
POSHAN Abhiyaan divert the attention of country towards the problem of malnutrition and address it in a mission-mode. This mission focuses on the aims of POSHAN Abhiyaan, Mission Poshan 2.0. it seeks to strengthen nutritional content, delivery, outreach and outcomes in order to develop practices that nurture health, wellness and immunity on disease as well as malnutrition.
POSHAN Abhiyaan is a Jan Andolan or People’s Movement. It incorporates inclusive participation of public representatives of local bodies, government department from States or UTs, Public & Private sector and social organizations.
POSHAN Maan is celebrated in the month of September to ensure community mobilization and bolster people’s participation. In the year 2021, as India celebrates Azadi Ka Amrit Mahotsav, this month has been subdivided into weekly themes with a focused and assimilated approach to improve holistic nutrition. It will broadly focus on Plantation Drive for POSHAN VATIKA at Gram Panchayats, Anganwadis, School Premises etc. Saplings of nutritious fruit trees, local vegetables and medicinal plants & herbs will be planted as a part of celebration.
Russia issued a warning about the possibility of rise in cases of West Nile Virus infections this autumn because mild temperatures and heavy precipitation are the favourable circumstances for mosquitos carrying the virus.
It is a single-stranded RNA virus causing West Nile fever. Virus is the member of family Flaviviridae, which also comprises the Zika virus, dengue virus, as well as yellow fever virus. This virus is primarily transmitted through mosquitoes and mostly by species of Culex. Primary hosts of the virus are birds. Genetically, the virus is related to the Japanese encephalitis family. Humans and horses both exhibit disease symptoms from this virus. First human case of the disease was reported in 1937 in Uganda and now it is the leading cause of mosquito-borne disease in continental United States.
West Nile virus was originated in Africa. It has now spread to Europe, Asia, and North America. Virus is mostly transmitted by mosquito bites, causing a deadly neurological condition in humans.
Most of the West Nile virus cases occur during mosquito season, starts in the summer and lasts until the fall.
Majority of people (8 out of 10) infected with West Nile virus do not exhibit any symptoms. Some infected people develop fever along with symptoms like headache, body aches, joint pains, rash, vomiting or diarrhoea.
The Director-General of Civil Aviation (DGCA) on August 29, 2021, extended the suspension of scheduled international commercial passenger flights till September 30, 2021, amid the ongoing COVID-19 pandemic.
Union AYUSH Ministry launched a Y-Break App from Vigyan Bhawan on August 29, 2021. It was launched by Union AYUSH minister, Sarbananda Sonowal. On the occasion, several bouquets of activities and campaigns was launched by Ministry of Ayush to commemorate Azadika Amrit Mahotsav.
Activities launched by AYUSH Ministry comprises of:
Azadi ka Amrit Mahotsav is a series of events being organised to commemorate the 75th Anniversary of India’s Independence. Events are being organised by government of India and it will be celebrated as a Jan-Utsav in the spirit of Jan-Bhagidari.
The Shikshak Parv-2021 will be observed from September 5, 2021. PM Modi to address teachers, students on September 7 during Shiksha Parv
Modi will also launch five initiatives on the occasion, including an Indian sign language dictionary of 10,000 words, talking books (audiobooks for visually impaired), school quality assessment and accreditation framework (SQAAF) of CBSE.
Shikshak Parv-2021 will be celebrated by Ministry of Education (MoE) from September 5 to 17, 2021. It will be organised to recognise the valuable contributions of teachers and to take National Education Policy (NEP) 2020 ahead.
President Ram Nath Kovind will confer the National Award to Teachers through a webinar on September 5. For the award this year, an online self-nomination process was followed through a three-tier selection process at district, state and national level. During the event, a documentary film on each of the 44 awardee teachers will also be shown.
National Awards to Teachers were first established in 1958 in order to recognise excellence and commitment of teachers towards shaping the minds and future of the youth. From the mid-60s onwards, September 5 was selected as a fixed date for the function to commemorate the birthday of Dr Sarvepalli Radhakrishnan (former President of India).
The theme of webinars has been divided into nine sub-themes such as
Every year on September 2, the World Coconut Day is celebrated. The day is especially observed in Asian and Pacific nations, which are home to most of the world’s coconut producing areas and production centers.
World Coconut Day is observed by increasing public awareness about the health and commercial benefits of coconut. Coconut is being planted in tropical places for millions of years and has benefited humanity in a variety of ways. The entire globe celebrates one of nature’s healthiest fruits on this day. So, on this World Coconut Day, let’s look at some of the health advantages of coconut.
As part of the Azadi Ka Amrit Mahotsav, the Union Ministry of Women and Child Development has decided to celebrate the POSHAN Maah across the nation throughout the month of September . To ensure speedy and intensive outreach, the entire month has been subdivided into weekly themes for a focused and assimilated approach towards improving Holistic Nutrition. The Ministry of Women and Child Development has planned a series of activities throughout the month in tandem with the States and Union Territories. The weekly theme for the activities to be taken up from "1st to 7th September" is – Plantation Activity as “PoshanVatika. The theme for "8th to 15th September" week is Yoga and AYUSH for Nutrition while the theme for the thrd week is- Distribution of ‘Regional Nutrition Kit’ to Anganwadi beneficiaries of High Burdened Districts. The theme for the 4th week "24th to 30 September" has been named as Identification of severely acute malnourished children and distribution of nutritious food.
AIR correspondent reports that The Prime Minister’s Overarching Scheme for Holistic Nutrition- POSHAN Abhiyaan is the Government of India’s flagship programme to improve nutritional outcomes for children, adolescent Girls, pregnant women and lactating mothers.
Prime Minister Narendra Modi had launched the programme from Jhunjhunu in Rajasthan on 8 March, 2018. Focusing on the aims of POSHAN Abhiyaan, the government has announced Mission Poshan 2.0 in Budget 2021-2022. It is as an integrated nutrition support programme, to strengthen nutritional content, delivery, outreach and outcomes with focus on developing practices that nurture health, wellness and immunity to disease and malnutrition.
On August 30, 2000, a comprehensive policy package for the SSI sector was launched, providing significant support to small firms in India. It was subsequently agreed that August 30 would be designated as “SSI Day" by the Ministry.
National Small Industry Day is an annual celebration that recognises the value of small businesses in our society. Every year on August 30, the country celebrates National Small Industry Day. The day is dedicated to encouraging small businesses around the country. This day is observed with the goal of encouraging small businesses and offering job chances to the jobless. In a developing nation like India, a small-scale sector plays an essential part in economic growth. Keeping in view the strategic relevance of the such sectors, special emphasis has been placed on the necessity for its development. As a result, the trend of government policy assistance for the small industry has been beneficial and favourable for the growth of small enterprises.
HISTORY OF THE DAY On August 30, 2000, a comprehensive policy package for the SSI sector was launched, providing significant support to small firms in India. It was subsequently agreed that August 30 would be designated as “SSI Day" by the Ministry. On August 30, 2001, the Ministry of Small-Scale Industries held an SSI (Small Scale Industry) Convention for SSI Entrepreneurs in New Delhi, as well as a presentation of the National Awards function.
The program was divided into three sections: Inauguration, Distribution of National Awards, and an Open House Discussion. The ministry even stated that the Prime Minister’s comprehensive policy package presented in 2019 had addressed the majority of the sector’s requirements.
On December 21, 2010, the United Nations General Assembly officially proclaimed August 30 as the International Day of the Victims of Enforced Disappearances. The UN General Assembly on December 21 expressed its deep concern about the increase in enforced or involuntary disappearances across the world.
International Day of the Victims of Enforced Disappearances: Theme, History and Significance
International Day of the Victims of Enforced Disappearances is marked every year on August 30 to honour and pay tribute to people who have faced enforced disappearances. Global organisations UN and Amnesty International observe this day to raise awareness about how enforced disappearance is a crime and should not be used as a tool to deal with situations of conflict. According to the UN, more than 6,000 people were registered as missing in Kosovo since 1999. Hence, the resource centre for missing persons in Kosovo has also been initiated by the UN.
Not only Kosovo, Iran too had reported thousands of political dissidents to be either missing or dead as a result of the 1988 prison massacres across the country. Other countries like Syria, Sri Lanka, Argentina, and Zimbabwe have also reported the same and the number of missing people from these four countries were over 200,000.
HISTORY AND SIGNIFICANCE On December 21, 2010, the United Nations General Assembly officially proclaimed August 30 as the International Day of the Victims of Enforced Disappearances. The UN General Assembly on December 21 expressed its deep concern about the increase in enforced or involuntary disappearances across the world. The enforced disappearances can be caused by arrest, detention and abduction. Enforced disappearance is used as a strategy to create terror in society.
The day is observed to raise awareness about the suffering of people who are arrested, detained or abducted against their will and governments refuse to disclose the whereabouts of such people. Enforced disappearance is a global problem that is still being practised around the world. It is a serious violation of human rights that is not restricted to a specific region.
Many activists have openly shared their personal stories, at various media or public events, and opened up about victims of enforced disappearances and their impact on their families and communities.
National Small Industry Day is observed every year on August 30, to recognise the value of small businesses existing in India. Every year on August 30, the country celebrates National Small Industry Day. The day is dedicated to encouraging small businesses around the country. This day is observed with the goal of encouraging small businesses and offering job chances to the jobless.
Small-scale sector plays key role in economic growth of the developing nation like India. Considering the strategic relevance of these sectors, special emphasis is placed on its development. Thus, the trend of government policy assistance for small industry has been beneficial and favourable for the growth of small-scale enterprises.
Ministry of Small-Scale Industries (SSI) had launched a comprehensive policy package for SSI Sector on August 30, 2000. This policy provides significant support to small firms in India. Ministry subsequently agreed to designate August 30 as “SSI Day”. Ministry held an SSI Convention for SSI Entrepreneurs in New Delhi and presentation of National Awards function on August 30, 2001. This program was divided into three parts viz., Inauguration, Distribution of National Awards, and Open House Discussion.
Central government has made several efforts to establish small-scale enterprises across India in order to help people in finding work. This day is marked to emphasise on the importance of small-scale enterprises in creating work opportunities for individuals in rural and urban regions. This is because, small businesses are labour-intensive and units of capital engaged in them retain higher proportion of employment. Furthermore, it helps in equitable allocation of economic power.
The International Day against Nuclear Tests is an event that is held on August 29 each year. The organisers of the event aim to bring about awareness regarding the harmful effects of testing nuclear weapons and calls for an end to such tests.
This event is organised with the aim of bringing about awareness regarding the harmful effects of testing nuclear weapons and calls to end such tests.
Year 2021 marked the 12th anniversary of the event.
The United Nations General Assembly (UNGA) established and adopted the International Day against Nuclear Tests in December 2, 2009 in its 64th session. This resolution was initiated by Kazakhstan to mark the 18th anniversary of the closing of USSR-controlled Semipalatinsk Nuclear Test Site in 1991 at Kazakhstan.
United States Army had conducted the first nuclear test, called Trinity, in a desert site of New Mexico on July 16, 1945. This test empowered United States to drop atom bombs on Hiroshima and Nagasaki in August 1945. This event resulted into an estimated 200,000 casualties while the survivors suffered from cancers due to radiation. Nuclear tests by USA and USSR led to the Cold War, that continued till 1991. About 2000 nuclear test explosions were conducted in between 1945 and 1996.
CTBT was established by UNGA in 1996. It was signed and ratified by 170 nations.15 nations signed the treaty but did not ratify. It was not signed by 11 nations.
Significance of the Day
This day highlights the urgency of ban on all forms of nuclear weapons tests and its use by any country. The signatories of the Non-Proliferation of Nuclear Weapons Treaty pledged to secure peace and security from the threat of nuclear weapons.
On 2 December 2009, the 64th session of the United Nations General Assembly declared 29 August the International Day against Nuclear Tests by unanimously adopting resolution 64/35.
The resolution calls for increasing awareness and education “about the effects of nuclear weapon test explosions or any other nuclear explosions and the need for their cessation as one of the means of achieving the goal of a nuclear-weapon-free world.” It was initiated by the Republic of Kazakhstan, together with a large number of sponsors and cosponsors with a view to commemorating the closure of the Semipalatinsk Nuclear Test site on 29 August 1991.
The main mechanism for eradicating nuclear weapons testing is the Comprehensive Nuclear-Test-Ban Treaty (CTBT). It was adopted by the United Nations General Assembly on 10 September 1996. To date, 185 countries have signed the treaty and 170 have ratified it. For the Treaty to enter into Force, it must be ratified by those States with significant nuclear capabilities.
Prime Minister, Narendra Modi, addressed the session of Eastern Economic Forum (EEF) on September 3, 2021.
Key Points
EEF is an international meet, held annually in Vladivostok in order to encourage foreign investments in the resource-rich but underdeveloped Far East region of Russia. Russia has actively engaged India to invest in this region, following which India had announced a $1-billion line of credit for the Far East during EEF 2019.
EEF is an international forum organised each year in Vladivostok, Russia. It is held in a bid to encourage foreign investment in Russian Far East region. It was first held in September 2015, at Far Eastern Federal University in Vladivostok. This forum is sponsored by the organizing committee appointed by Roscongress.
Gross Value Added during April to June rose 18.8%: National Statistical Office (NSO) India’s Gross Domestic Product (GDP) grew by 20.1% in the first quarter of 2021-22, compared to the 24.4% contraction recorded in the same quarter a year ago, but economic activity remained well-below pre-pandemic levels thanks to the second wave of COVID-19.
Gross Value Added (GVA) in the economy during the April to June period rose 18.8%, as per the National Statistical Office (NSO), from a 22.2% dip in the first quarter of 2020-21. GVA from agriculture, forestry and fishing, the only sector to grow amid last year’s national lockdown, picked up pace to grow 4.5% in Q1 this year from 3.5% in Q1 2020-21.
Overall GVA in Q1 was still 7.8% lower than the first quarter of 2019-20, at ?30,47,516 crore, while GDP remained 9.2% lower, indicating that the economy still has some way to go before it returns to activity levels prevalent prior to the pandemic.
Electricity, Gas, Water Supply & Other Utility Services, whose GVA grew 14.3% in Q1 of 2021-22, compared to a 9.9% fall last year, was the only sector along with Agriculture, Forestry and Fishing, to recover beyond the pre-pandemic levels of 2019-20.
The government said the NSO numbers ‘reaffirm’ its prediction of an ‘imminent V-shaped recovery’ made this time last year, and said the 20.1% rise in GDP ‘despite the intense second wave in the months of April-May’ highlights the continued economic recovery.
IIT Madras is in process of developing an online platform called e-Source that will be used to tackle electronic wastes (e-waste).
To formalize e-waste handling and management, a novel open-source solution is needed which is data enriched and leveraging the potential of transparency because, e-waste either completely stripped down to get precious metals and other high-value materials or are dumped in landfills, without exploring potential re-use. Such unscientific recycling methods e-waste are harmful for waste handlers as well as environment.
As per a study, world generates 53.6 million tonnes of e-waste annually. This amount is expected to double in next 16 years. Such waste is pressing issues in India as well. India is the world’s third-largest producer. It generated 38 percent more e-waste in between 2019-2020.
because, in India, only 5 percent of e-waste is recycled responsibly.
A unique feature of e-Source initiative is that, it will deploy a detection system which uses a combination of image processing and natural language processing techniques in order to get product information and upload it to the database. Furthermore, it can be self-certified by means of prescribed standard protocols.
In a bid to increase transparency in the liquidation process under the Insolvency and Bankruptcy Code (IBC), IBBI has proposed amendments to the regulations.
It provides that the liquidator should carry on the business of corporate debtor for its beneficial liquidation and exercise all the powers of its board of directors, managerial personnel as well as the partners. It also provides to comply with applicable laws in behalf of the firm.
IBBI is the regulator to look after the insolvency proceedings and entities such as Insolvency Professional Agencies (IPA), Information Utilities in India and Insolvency Professionals (IP). It was established in October 2016. Insolvency and Bankruptcy Code provides IBBI statutory powers. The code was passed by Lok Sabha in May 2016. Present whole-time members of the IBBI include Dr. Navrang Saini, Dr. Ms. Mukulita Vijayawargiya and Sh. Sudhakar Shukla.
State-owned Coal India Ltd. (CIL) has started the pilot project to replace Diesel with LNG on September 1, 2021.
This move is significant because, CIL (world’s largest coal miner) uses more than 4 lakh kilolitres of diesel per annum which amounts to the annual expense of Rs 3,500 crores. Operations of the dumpers will be significantly cheaper and cleaner because of LNG. LNG will replace the use of diesel by 30% to 40% and in turn reduce the fuel cost by 15%.
CIL has taken up the pilot project for retrofitting LPG kits in the two 100 tonne dumpers, in association with GAIL (India) Ltd. and BEML Ltd. Both of the dumpers are working at CIL subsidiary Mahanadi Coalfields Ltd. (MCL). For this project, CIL signed a memorandum of understanding (MoU) with GAIL and BEML on August 31, 2021.
Once the LNG kit is retrofitted and tested successfully, both the dumpers will be able to run on dual fuel systems, that is, on LNG as well as Diesel.
CIL is government-owned coal mining and refining corporation, under the ownership of Ministry of Coal. It is headquartered in Kolkata. It is the largest coal-producing company worldwide and a Maharatna public sector undertaking. CIL is also the fifth largest employer in India.
One industry that has grown in recent years is Ayurveda.The push during the pandemic intensified the trend witnessed over the past few years. The budget for the ayush ministry increased five times between 2014-15 and 2021-22, while the total budget grew only twice during the period.
Central banks in Australia, Singapore, Malaysia and South Africa launched a Central Bank Digital Currencies (CBDC) Scheme on August 2, 2021.
The latest CBDC project was launched by stated countries with the aim of developing prototype shared platforms for cross-border transactions by using multiple CBDCs.
These new platforms would enable the financial institutions to transact directly with each other across CBDCs. It will eliminate the requirement for intermediaries and reduce the time and cost of transactions. The initiative, will also explore different technical, governance and operating designs. It will also publish its results in early 2022. This platform will also leapfrog the legacy payment arrangements and serve as the foundation for more efficient international settlement platform.
CBDC is the virtual format of a fiat currency in a particular nation or region. It is an electronic record or digital token of official currency. This currency is issued and regulated by its monetary authority.
The Texas law, signed by Republican Governor Greg Abbott in May, prohibits abortions once medical professionals can detect cardiac activity, usually around six weeks and before most women know they’re pregnant.
A deeply divided Supreme Court is allowing a Texas law that bans most abortions to remain in force, for now stripping most women of the right to an abortion in the nation’s second-largest state.
The court voted 5-4 to deny an emergency appeal from abortion providers and others that sought to block enforcement of the law that went into effect Wednesday. But the justices also suggested that Wednesday's order likely isn't the last word on whether the law can stand because other challenges to it can still be brought.
It is the strictest law against abortion rights in the United States since the high court’s landmark Roe v. Wade decision in 1973 and part of a broader push by Republicans nationwide to impose new restrictions on abortion. At least 12 other states have enacted bans early in pregnancy, but all have been blocked from going into effect.
Chief Justice John Roberts dissented along with the court's three liberal justices: Justice Stephen Breyer, Justice Sonia Sotomayor and Justice Elena Kagan. Each of the four dissenting justices wrote separate statements underscoring their disagreement with the majority.
China landed a Mars rover in May in its first-ever mission to the planet, becoming the second country after the United States to do so. NASA's most advanced rover, Perseverance, landed on the planet in February. China has developed a prototype miniature helicopter for surveillance work on future Mars missions, according to its space science agency, following the historic landing of a robotic rover on the Red Planet a few months ago. The prototype is similar in appearance to the robotic helicopter Ingenuity, developed by NASA for its Perseverance mission this year, according to a photograph posted on the website of China's National Space Science Center on Wednesday.
The agency said the helicopter could be a tool for China's follow-up exploration on Mars, but it did not give details.
China landed a Mars rover in May in its first-ever mission to the planet, becoming the second country after the United States to do so. NASA's most advanced rover, Perseverance, landed on the planet in February.
From the NASA rover, Ingenuity made its inaugural flight in April, rising about 3 metres (10 feet) above the surface, in humankind's first successful deployment of a powered aircraft in a world other than Earth. The challenge for the 1.8 kg (4 pound) Ingenuity is the planet's thin atmosphere, which is just 1% as dense as Earth's.
To compensate for the lack of aerodynamic lift, NASA engineers equipped Ingenuity with rotor blades that are larger -1.2 metres (4 feet) tip to tip - and spin more rapidly than would be needed on Earth for an aircraft of its size.
The shipments on a newly-launched railway line under the China-Myanmar New Passage from the Myanmar border to the key commercial hub of Chengdu in western China has started.
Ans: Fragility at India-Myanmar Border
8th Meeting of Agricultural Experts of BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) Countries was hosted by India on August 31, 2021.
BIMSTEC was founded in 1997 with the objective of pursuing mutual trade, connectivity & cultural, technical & economic development in the region. It earlier included six sectors viz., technology, trade, energy, transport, fisheries, and tourism. Sectors were later expanded to 14 areas of cooperation. Agriculture is one among the 14 sectors.
It provides a unique link between South and South-East Asia. Five countries viz., India, Bangladesh, Bhutan, Nepal and Sri Lanka are from South Asia while two countries viz., Myanmar and Thailand are from South-East Asia.
1st meeting of the BIMSTEC agriculture Ministers was held on July 12, 2019 in Myanmar. During the meeting, a stronger agricultural cooperation was reiterated among BIMSTEC countries. This cooperation has become more significant amid the COVID-19 pandemic situation and its impacts on the food system.
According to the Ministry of External Affairs (MEA), its Ambassador to Qatar Deepak Mittal, met the head of the Taliban’s political office, Sher Mohammad Abbas Stanekzai, on August 31, 2021.
140 Indians and members of the Sikh minority are still remaining in Kabul. India has transported 565 people, including 112 Afghan nationals to Delhi, so far. This numbers have been far lower as compared to countries like the U.S. US has evacuated 1,22,000 people, including about 1,00,000 Afghan nationals.
This meeting was held after India was recalibrating its earlier position on the Taliban as a terrorist group, as the Taliban militants took control of Afghanistan on August 15. In particular, India has had concerns regarding the Haqqani group, which is a part of the Taliban as well as Taliban Deputy leader Sirajuddin Haqqani, who carried the attacks on the Indian Embassy in 2008-2009. Further, it is believed that the Taliban is a proxy of Pakistan.
The United Nations marked the first-ever International Day for People of African Descent on August 31, 2021 to celebrate the enormous contributions of African diaspora in field of human endeavour.
UN General Assembly had adopted the resolution to establish the International Day for people of African Descent in December 2020. Resolution also recalled two similar UN initiatives namely, 2001 “World Conference against Racism, Racial Discrimination, Xenophobia and Related Intolerance” that was held in Durban, South Africa as well as the “declaration of International Decade for People of African Descent” which will run till 2024.
UNGA established this day with the objective of promoting greater recognition and respect for diverse heritage, culture and contribution of people of African descent towards the development of societies. The day also seeks to promote respect for their human rights and fundamental freedoms.
The day is significant in the light of increasing momentum towards ending racism, twenty years after the Durban Declaration and Programme of Action. Furthermore, in Latin America, there are about 134 million people of African heritage and they suffer poverty, lack of access to basic services and inequality. In Brazil, overall poverty rate is 11.5 percent while poverty among people of African descent is 25.5 percent.
The resolution was adopted after 13 Council members voted in favour, while permanent members Russia and China abstained from the voting. The United Nations Security Council, under the current Presidency of India, on Monday, August 30, 2021, adopted a resolution on the situation in Afghanistan, demanding that the war-torn country not be used to threaten or attack any nation or shelter terrorists.
The Taliban seized power in Afghanistan on August 15, 2021. They captured the country two weeks before the United States was set to complete its troop withdrawal, ending the longest war in US history. This seizing also forced Afghan President Ashraf Ghani to flee to the United Arab Emirates.
UNSC is one among the six principal organs of the United Nations. It is charged with ensuring international peace and security. It also recommends on the admission of new UN members to general assembly and approves any changes in the UN Charter. Some of its power include- establishment of peacekeeping operations, enactment of international sanctions, and authorization of military action. UNSC is the only UN body that can issue binding resolutions on member states.
UNSC was created after World War II to address failings of the League of Nations in maintaining peace across the world.
UNSC comprises of fifteen members, out of which five are permanent viz, China, France, Russia, the United Kingdom, and the United States of America. Permanent members can use their veto power on substantive resolution. Remaining ten members are elected on a regional basis and serve for a term of two years. Presidency of the body rotates monthly among its members.
The United States announced the end of its 20-year-old war in Afghanistan before the deadline of August 31, 2021.
It was a conflict, took place from 2001 to 2021, in Afghanistan. The war started with the invasion that led to the United States and its allies to topple the Taliban-ruled Islamic Emirate of Afghanistan so that they could deny al-Qaeda a safe base of operations in Afghanistan. War was officially fought by allied NATO & Afghan Armed Forces against Taliban insurgents. The Taliban defeated the Afghanistan Army after majority of NATO forces left the country. This was the longest war in the history of United States.
The International Monetary Fund (IMF) has sharply increased its allocation of Special Drawing Rights (SDR) to India, in line with the country's existing quota in the fund.
SDR is an alternate reserve currency floated by the IMF, which the member countries can freely exchange between themselves instead of relying on currency of any one particular country.
The International Monetary Fund (IMF) is an organization of 190 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world. Its Headquarters is in Washington, DC, United States.
Ministry of Information and Broadcasting today constituted a Committee to review the existing guidelines of Journalist Welfare Scheme and make appropriate recommendations for changes to the guidelines.
In the 64th session of the United Nations General Assembly on 2 December 2009, declared 29 August the International Day against Nuclear Tests by unanimously adopting resolution 64/35.
The resolution calls for increasing awareness and education “about the effects of nuclear weapon test explosions or any other nuclear explosions and the need for their cessation as one of the means of achieving the goal of a nuclear-weapon-free world.”
It was initiated by the Republic of Kazakhstan, together with a large number of sponsors and cosponsors with a view to commemorating the closure of the Semipalatinsk Nuclear Test site on 29 August 1991.
The actor, best known for his role in the long running TV show ‘Balika Vadhu,’ died of a heart attack Popular television and film actor Sidharth Shukla, best known for his role in the long running TV show “Balika Vadhu”, died on Thursday, an official at the Cooper Hospital in Mumbai said. He was 40. He is survived by his mother and two sisters.
“He was brought dead to the hospital some time ago,” the senior Cooper Hospital official said.
Shukla began his career in showbiz as a model and made his acting debut with a lead role in the television show “Babul Ka Aangann Chootey Na”. He later appeared on shows such as “Jaane Pehchaane Se... Ye Ajnabbi”, “Love U Zindagi” but became a household name with “Balika Vadhu”.
He also participated in reality shows, including “Jhalak Dikhhla Jaa 6”, “Fear Factor: Khatron Ke Khiladi 7” and “Bigg Boss 13”.
In 2014, Shukla made his Bollywood debut with the Karan Johar-produced “Humpty Sharma Ki Dulhania” where he had a supporting role.
Bengali writer Buddhadeb Guha, who authored several popular books including Madhukari (Honey Gatherer), died of post-Covid complications after cardiac arrest at a private hospital on Sunday night. He was 85. Guha had contracted Covid-19 in April and was hospitalised for 33 days.
Bengali writer Buddhadeb Guha, who authored several popular books including Madhukari (Honey Gatherer) died of post-Covid complications after cardiac arrest at a private hospital on Sunday night. He was 85. Guha had contracted Covid-19 in April and was hospitalised for 33 days.
Born on June 29, 1936 in Kolkata, Guha had spent his childhood in Rangpur and Barisal districts of East Bengal (now Bangladesh). His childhood experiences and travels left a deep imprint on him, which were reflected in his works.
His novels and short stories have been highly acclaimed by critics which helped him win several awards, including the Ananda Purashkar and Sharat Puraskar. He was also a noted classical singer and proficient illustrator.
Besides Madhukari, some of Guha’s notable works include Koeler Kachhe, Sobinoy Nibedon and Baba Howa. He was also popular among children as he was the creator of the fictional character Rijuda, a hunter-turned-conservationist, and his side-kick Rudra. Most of his works focused on the theme of nature and forest.
"The author of Bengali literature, has written notable books, including ‘Koel’, ‘Kojagar’, ‘Madhukari’, ‘Jangalmahal’, ‘Charibeti’ etc."
Rajya Sabha chairman M Venkaiah Naidu on Tuesday appointed Dr. Parasaram Pattabhi Kesava Ramacharyulu as the new secretary general of the Upper House of Parliament.
Dr. Parasaram Pattabhi Kesava Ramacharyulu was appointed as Rajya Sabha Secretary General on Tuesday(31 August)
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Senior bureaucrat J B Mohapatra has been appointed the chairman of the Central Board of Direct Taxes (CBDT), the Personnel Ministry said in an order Wednesday(1-Sept-2021).
Senior bureaucrat J B Mohapatra has been appointed the chairman of the Central Board of Direct Taxes (CBDT), the Personnel Ministry said in an order Wednesday.
Mohapatra, a 1985-batch Indian Revenue Service (Income Tax) officer, is currently the member in the board that frames the policy for the Income Tax department.
Kendrapara district of Odisha, that is crisscrossed by rivers, creeks and water inlets, has become the only district in India where all three species of crocodiles viz., salt-water, gharial and mugger are found.
Bhitarkanika river systems are home to saltwater crocodiles. On the other hand; Mahanadi River, Brahmani rivers and their tributaries are inhabited by muggers and gharials. Sighting of the crocodiles is significant because conservation of these species (Muggers and Gharials) has not been as successful as that of the estuarine crocodiles.
This larger national park is located in the northeast Kendrapara district of Odisha. It obtained the status of a Ramsar site in 2002. The area the second Ramsar site of Odisha after the Chilika Lake. The Park is surrounded by Bhitarkanika Wildlife Sanctuary, Gahirmatha Beach, Marine Sanctuary, separating swamp region as well as mangroves from the Bay of Bengal. Park is home to Saltwater crocodile king cobra, Indian python, black ibis, darters and other species of flora and fauna.
Sri Lanka declared a state of emergency over food shortages on August 31, 2021 after private banks in the country ran out of foreign exchange to finance imports.
Economy of Sri Lanka reduced by a 3.6 percent in 2020 because of the covid-19 pandemic. In March 2020, government also banned imports of vehicles and other items like edible oils and turmeric in order to save foreign exchange. Central Bank of Sri Lanka also increased interest rates in order to shore up the local currency.
Foreign Reserves of Sri Lanka decreased to $2.8 billion as of July, 2021 from $7.5 billion in November 2019. As per data from bank, rupee has lost 20 percent of its value against the US dollar in the same period.
Sri Lanka was successful in handling the first wave covid-19 pandemic. However, it failed to handle second and third waves of the pandemic. This resulted into surge in COVID-19 deaths since November 2020. As of August 2021, Sri Lanka has become the country with fourth-largest daily deaths worldwide by population. Other three countries are Georgia, Tunisia, and Malaysia.
World Social Protection Report 2020-22 was released by International Labour Organisation (ILO) on September 1, 2021.
This report examined the impact COVID-19 pandemic on social protection. It found, an additional spending required to ensure minimum social protection for all and reduce the financing gap has increased by 30 per cent since the start of the pandemic. On an average, countries spend approximately 13 per cent of GDP on social protection. However, high-income countries spend 16.4 per cent of GDP on social protection. On the other hand, low-income countries spend just 1.1 per cent.
Social protection comprises of access to healthcare and income security in cases of unemployment, old age, inability to work, and for families with children.
According to a report titled “Protected Areas in Central Africa 2020”, Central Africa can develop itself sustainably if the resources are shared equitably and its environment is protected.
Natural ecosystems in central African region have been exposed to: Wildlife poaching, Increase in mining permits, Expansion of transhumant pastoralism, Exploitation of timber & fuel wood, Industrial agriculture & family farming as well as land conflicts.
There are about 206 protected areas in this region that cover 799,000 square kilometres. It accounts for 14.8 per cent of the land area and five per cent of the marine exclusive economic zone in the central African countries.
Countries have been taking several initiatives. 24 African countries have adopted “Extractive Industries Transparency Initiative (EITI) standards”. EITI initiative was launched with the aim of promoting more inclusive and transparent management of mineral resources by improving the governance systems. EITI has also bringing in transparency in the sector.
According to Federal Bureau of Investigation (FBI) report, the number of hate crimes in United States increased to highest level in the year 2020.
It is a national coalition that gathered data on racially motivated attacks related to the pandemic. It reported 9,081 incidents between March 2020 to June 2021. 4,548 incidents were from 2020 while 4,533 from 2021.
FBI is the domestic intelligence & security service and a principal federal law enforcement agency of United States. It operates under the jurisdiction of the United States Department of Justice. It also a member of the U.S. Intelligence Community.
Jammu and Kashmir Lieutenant Governor, Manoj Sinha, launched the Rural Enterprises Acceleration Programme called ‘Saath’ for Self Help Group (SHG) women on September 1, 2021.
This initiative was launched with the aim of transforming the lives of rural women associated with SHGs. It aims to accelerate livelihoods of rural women who are engaged in small works. Small works are those where they do not earn much profit and there is lack of knowledge about marketing, packaging and branding. This initiative is aimed at teaching women all skills and convert their small businesses into Higher Order Enterprises. It seeks to turn women into job-givers and produce further employment.
Under this initiative, workshops will be held for 5000 women initially. Out of 5000, 500 will be selected for intensive training and 100 will be selected for mentoring. Training will be provided to women across ten different sectors like Agriculture, Poultry, Animal Husbandry, handloom, Handicraft etc.
Saath initiative was launched in line with the Umeed scheme that enabled women to start their own business.
New Generation Aircraft Hansa Successfully Completes Maiden Flight
National Aerospace Laboratories (NAL), a constituent of the Council of Scientific and Industrial Research (CSIR), India, established in the year 1959 is the only government aerospace R&D laboratory in the country's civilian sector
Researchers from the Indian Institute of Science (IISc) and Indian Space Research Organisation (ISRO) have developed device to conduct microbial experiments in outer space.
This understanding of how these microbes behave in extreme environments will provide valuable insights for human space missions like ‘Gaganyaan’ that is set to be launched in 2022.
Scientists have been exploring the use of lab-on-chip platforms, in recent years, which combine several inputs into a single integrated chip to conduct experiments. However, there are other challenges to design such platforms for outer space as compared to the lab.
The new device uses a combination of Light Emitting Diode (LED) and photodiode sensor, which track the bacterial growth by measuring optical density or scattering of light. It is similar to spectrophotometers used in the lab. It also comprises of separate compartments for different experiments. Each compartment or ‘cassette’ have chamber where bacteria and nutrient medium can be mixed to kickstart growth.
Data from each cassette is collected and stored separately. Three cassettes are clubbed into single cartridge, which consumes less than 1 watt of power. According to researchers, a full payload that could go in a spacecraft will comprise four such cartridge which are capable of carrying 12 independent experiments.
Amazon India announced the launch of Kisan Store. The store was launched by Union Minister for Agriculture and Farmers Welfare, Narendra Singh Tomar on September 2, 2021.
Kisan store will be available in languages like Hindi, Telugu, Kannada, Tamil, and Malayalam.
Farmers can buy products listed on store using digital payments.
Amazon also opened up its network of more than 5,000 Amazon Easy stores for farmers to shop with the help of the store owners. Store owners will help the farmers to browse through the store and identify product they like. They will also help then in creating their Amazon accounts, place orders, and checkout to buy.
Amazon also launched its agronomy services for farmers. It will provide farmers with timely advice and enable them to make accurate decisions regarding the actions required for their crops.
Amazon India launched Kisan Store with the aim of introducing machine learning technology for better produce and build a robust supply chain infrastructure.
China developed a prototype miniature helicopter for the purpose of surveillance work on future Mars missions.
China landed its Mars rover in May 2021. It was the China’s first-ever mission to the planet. It became the second country after the United States to land such mission on Mars.
It is UAS’s advanced rover that landed on the Mars in February 2021. In April, Ingenuity made its inaugural flight from NASA rover. It rose about 3 metres (10 feet) above the surface. This was the first successful deployment of a powered aircraft on a planet other than Earth. In making the flight, challenge for 1.8kg Ingenuity was the thin atmosphere of Mars. Atmosphere of MARS is just 1 percent of the density of Earth’s atmosphere. To compensate for the lack of aerodynamic lift, Ingenuity was equipped with rotor blades that are larger (1.2 metres tip to tip) and spin more rapidly than for an aircraft of its size on Earth.
Space Exploration Technologies Corp. is an American aerospace manufacturer, space transportation services and communications company headquartered in Hawthorne, California. SpaceX was founded in 2002 by Elon Musk with the goal of reducing space transportation costs to enable the colonization of Mars.
Founder: Elon Musk Founded: 6 May 2002 CEO: Elon Musk (2002) Headquarters: Hawthorne, California, United States Subsidiary: Swarm Technologies
Twitter launched a long-promised “Super Follows” feature on September 1, 2021.
Twitter had been testing this Super Follows feature and it was launched officially with a small group of creators in North America. The option to follow participating creators will be made available to people globally using Twitter on Apple mobile devices soon.
The feature will be brought to smartphones powered by Android software as well as to the twitter.com website, reached through browsers.
Twitter will not take more than three percent of subscriptions as a transaction fee until a creator makes $50,000 at the platform. For amount above $50,000, Twitter’s share will increase to 20 percent. App store fees will be paid by creators selling the subscriptions and it can be as much as 30 percent of transactions
World’s first Plant-based smart air-purifiers called “Ubreathe Life” by the scientists of Indian Institutes of Technology, Ropar & Kanpur, and Faculty of Management Studies of Delhi University.
The Ubreathe Life technology works by air-purifying natural leafy plant. In it, air of the room interacts with leaves and goes towards soil-root zone where maximum pollutants are purified. Technology used in this product is called as ‘Urban Munnar Effect’ and patent-pending “Breathing Roots”. These technologies amplify the phytoremediation process of the plants.
It is the process by which plants effectively remove pollutants from the air.
This technology effectively improves indoor air quality by removing particulate, gaseous and biological contaminants. It also increases the oxygen levels in indoor space with the help of specific plants, UV disinfection and a stack of pre-filter, charcoal filter and HEPA (high-efficiency particulate air) filter. It also comprises of a centrifugal fan which creates a suction pressure inside the purifier and releases purified air.
South Korean MPs on Tuesday(31-Aug-2021) passed a law banning Apple and Google from forcing app developers to use the tech giants' payment systems, effectively declaring their lucrative App Store and Play Store monopolies illegal.
The National Disaster Management Authority (NDMA) and IIT Roorkee has developed an app, in a joint venture, that can predict natural disasters.
The development of the app is in line with the proposal by the Central Government to simplify the disaster parameters of 2011.
Doppler Radar is a specialized radar that make use of Doppler effect to produce velocity data about the distant objects.
When the source and signal are in relative motion to each other, observer witness a change in the frequency. If they move closer, frequency increases and vice versa. This effect is called as Doppler effect.
Radar, expanded as Radio Detection and Ranging, is a device that uses electromagnetic waves in the microwaves region in order to detect location, range & direction; altitude; intensity and movement of moving & non-moving objects.
Radars emit a beam of energy, called radio waves, from an antenna. When the radio waves strike an object in the atmosphere, energy scatters in all directions. Some of the energy is reflected directly back to the radar. Larger the object deflects the beam as well as amount of energy that the radar receives in return. Weather forecasting department observes the time required for the beam to be transmitted & returned to the radar and see raindrops in the atmosphere & measure their distance from the radar.
SpaceX launched shipments of ants, avocados, human-sized robotic arm toward the International Space Station on August 29, 2021.
Recycled Falcon rocket was blasted into predawn sky from Kennedy Space Center of NASA. The first-stage booster was landed on newest ocean platform called “A Shortfall of Gravitas” of SpaceX, after hoisting the Dragon capsule. The booster-recovery vessel was named so, in tribute to the late science fiction writer Iain Banks and his Culture series.
Dragon is also carrying a robotic arm by a Japanese start-up company. It will attempt to screw items together in its orbital debut as well as perform other mundane chores that are normally done by astronauts. The first tests will be conducted inside the space station. According to the company, a squad of these arms could help in building lunar bases and mine the moon for precious resources as early as 2025.
Union Minister of Youth Affairs and Sports, Anurag Singh Thakur on August 29, 2021, launched the Fit India mobile app at the Major Dhyan Chand National Stadium in Delhi to mark the second anniversary of the Fit India Movement on National Sports Day.
•Sports Minister Thakur paid tributes to Major Dhyan Chand before launching the app.
•The Fit India app is free of cost. It is available on both Android and iOS platforms in English and Hindi with unique features such as fitness score, activity trackers, animated videos, and ‘my plan’ as per the specific needs of individuals.
•Sports Minister Thakur on August 13, 2021, had launched a nationwide program of Fit India Freedom Run 2.0 to celebrate the Azadi ka Amrut Mahotsav ahead of India’s 75th Independence Day with an aim to encourage people to take up fitness regimes.
•The Fit India Movement was launched on August 29, 2019, by Prime Minister Narendra Modi with a mission to encourage people to make fitness an integral part of their lives.
Chhattisgarh chief minister Bhupesh Baghel on Friday distributed cheques to the families of media personnel who died of Covid-19. , Baghel paid his condolences to their families. “The work done by the media fraternity during the pandemic will act as an example to inspire the upcoming generations,” he said.
The Centre is set to sign a tripartite “Karbi Peace Accord” on September 4, 2021.
Around 1,040 terrorists from five insurgent groups of Karbi Anglong district ceremonially put down their arms at an event in Guwahati in February, in the presence of then Chief Minister Sarbananda Sonowal. This development further bolstered the ‘terrorism-free Assam’ image of present BJP-led government. Surrendered terrorists belong to Karbi Longri NC Hills Liberation Front (KLNLF), United People’s Liberation Army (UPLA), People’s Democratic Council of Karbi Longri (PDCK) and Kuki Liberation Front (KLF). They had come to surrender their weapons a year after signing of Bodo Peace Accord to end the long-run violence in Bodoland.
Bodoland region is an autonomous territorial region, administered by the Bodoland Territorial Council, which is an elected body. Bodo Accord was first signed in 2003 in a bid to maintain peace in the region. In 2020, it was extended by central government.
These outfits were originated from the core demand of establishing a separate state. Karbi Anglong Autonomous Council (KAAC) is an autonomous district council, which is protected under Sixth Schedule of the Indian Constitution. Karbi National Volunteers and Karbi People’s Force joined together to form United People’s Democratic Solidarity (UPDS) in 1990s. UPDS put down arms and signed a tripartite memorandum of settlement, in November 2011, with Centre and Government of Assam in return of enhanced autonomy and special packages for the KAAC.
Minister for Women and Child Development (WCD), Smriti Zubin Irani, chaired the National Conference, 2021. This conference was held on 30th and 31st of August at Kevadia, Gujarat.
During the National Conference, ministers discussed deliberated on implementation and governance of schemes and programmes of the ministry, in a better manner, like new initiatives on three key missions: Mission Poshan 2.0, Mission Vatsalya, and Mission Shakti.
Event started on August 31st, 2021, by giving tribute to Sardar Vallabhbhai Patel, at the Statue of Unity by Smriti Irani.
It was followed by planting of nutri-fruit saplings at Mahila Evam Bal Sashaktikaran Van in order to exemplify the vision of ‘Ek Bharat Shreshth Bharat’ as well as to promote plantation of Poshan Vatikas or Nutri-gardens across the country.
During the conference, three key Missions and Global Indices were presented.
Chairpersons of NCPCR and NCW presented their perspectives on child rights and women empowerment.
Mission Poshan 2.0
WCD minister urged all the State governments to participate in the ongoing POSHAN MAAH events and to decide on their own the targets in order to develop Poshan Vatikas. She also requested the States to improve infrastructure of Anganwadi centres and saturate the supply of mobile phones and GMDs during the month.
Mission Vatsalya
While talking about Mission Vatsalya, WCD minister emphasised on the importance of recent amendments in Juvenile Justice (JJ) Act. This amendment will help in improving the accountability of DC/DMs and it will also facilitate into reintegration of vulnerable children into society.
As per a study of July 2021 titled “The Missing Piece of the Puzzle: Caste Discrimination and Stunting”, children from Scheduled Castes (SCs), Scheduled Tribes (ST) and Muslim families are more prone to stunting.
This study is significant because earlier, emphasis was on conducting the research on links between child malnutrition, poverty and lack of access to resources.
CEDA study highlights five critical factors leading to stunting:
Child stunting has been associated with poverty because its root cause is chronic malnutrition. But, CEDA study categorised child stunting data into four social categories:
Children from upper Hindu castes reported lower average rate of stunting (26 per cent) while for other categories this number stand at 40 per cent (SC & ST), 36 per cent (OBCs) and 35 per cent (Upper Caste Muslim).
Union Ministry of Women and Child Development has decided to celebrate the POSHAN MAAH throughout the month September starting from September 1, 2021.
POSHAN Abhiyaan stands for Prime Minister’s Overarching Scheme for Holistic Nutrition. It is a flagship programme of government to improve nutritional outcomes for pregnant women, lactating mothers, children and adolescent Girls. This program was launched by Prime Minister Narendra Modi from Jhunjhunu in Rajasthan on March 8, 2018.
Government announced POSHAN 2.0 programme in Budget 2021-2022 with the focus on aims of POSHAN Abhiyaan. It is as an integrated nutrition support programme that seeks to strengthen nutritional content, delivery, outreach and outcomes. It focus
POSHAN Abhiyaan is Government of India’s flagship programme to improve nutritional outcomes for children, adolescent Girls, pregnant women and lactating mothers.
It was launched by the Prime Minister Narendra Modi on the occasion of International Women’s Day on 8 March, 2018 from Jhunjhunu in Rajasthan.
The POSHAN (Prime Minister’s Overarching Scheme for Holistic Nutrition) Abhiyaan directs the attention of the country towards the problem of malnutrition and address it in a mission-mode.
Focusing on the aims of POSHAN Abhiyaan, Mission Poshan 2.0 (Saksham Anganwadi and Poshan 2.0) has been announced in the Budget 2021-2022 as an integrated nutrition support programme, to strengthen nutritional content, delivery, outreach and outcomes with focus on developing practices that nurture health, wellness and immunity to disease and malnutrition.
In order to ensure community mobilization and bolster people’s participation, every year, the month of September will be celebrated as POSHAN Maah across the country.
Avani Lekhara has become the 1st Indian women to win two Paralympic medals at a single edition of the Paralympics on September 3, 2021.
In the 1984 Paralympics, Joginder Singh Sodhi had won multiple medals in single edition of the Games. He clinched one silver and two bronze medals.
She is an Indian Paralympian and rifle shooter who won a gold medal in 10m air rifle standing as well as a bronze medal in 50m air rifle standing at 2020 Paralympics. She is currently ranked at World No 5 in Women’s 10m Air Rifle standing SH1. GoSports Foundation has been supporting her through the Para Champions Programme. She became the first Indian woman to win multiple medals at a single Paralympic Games.
She started her shooting in 2015 after getting inspired by former Olympic champion Abhinav Bindra. In 2012, a car accident at the age of 11 left her with complete paraplegia. Then, her father encouraged her to join sports. She was trained in archery but she moved to shooting as she found it to be her true passion. Coach Suma Shirur is the key influence behind her success at Tokyo 2020 Paralympics.
Lekhara had become the first Indian woman to win a Paralympic gold by claiming the top honours in the 10 m air rifle standing SH1 event.
Trailblazing shooter Avani Lekhara on September 3 became the first Indian woman to win two Paralympic medals by claiming the 50 m rifle 3 Position SH1 bronze to add to an unprecedented gold she had won earlier in the ongoing Games here.
The 19-year-old Lekhara qualified second for the event with a score of 1176, including 51 inner 10s.
In the fiercely contested finals, Lekhara totalled 445.9 to finish ahead of Ukraine’s Iryna Shchetnik, who let slip her grip on the medal spot with a poor third shot of 9.9 in the elimination.
The Jaipur-based shooter, who sustained spinal cord injuries in a car accident in 2012, had fired a world record equalling total of 249.6, which was also a new Paralympic record.
Joginder Singh Sodhi is the only other Indian to win multiple medals in the same edition of the Games. Sodhi won a silver and two bronze medals in the 1984 Paralympics. His silver came in shot put, while the two bronze medals were won in discus and javelin throw events.
South Africa's Dale Steyn announces retirement from all forms of cricket. South African pacer Dale Steyn has announced his retirement from all forms of cricket. Since making his international debut in 2004, He played 93 Tests, 125 ODIs and 47 T20Is.
Dale Willem Steyn is a South African former professional cricketer who played for the South African Cricket Team. He is often regarded as one of the greatest fast bowlers of all time and the best Test bowler of his generation.
Avani became the first Indian woman to win first gold medal at Tokyo 2020 Paralympics.
This 19-year-old created a record at Paralympics by equalling the world record of Ukraine’s Iryna Shchetnik.
Cuiping Zhang of China won silver medal with a score of 248.9 while Iryna Shchetnik won the bronze medal with a score of 227.5.
She is the fourth Indian athlete to win a Paralympics gold following swimmer Murlikant Petkar in 1972, javelin thrower Devendra Jhajharia in 2004 & 2016 and high jumper Thangavelu Mariyappan in 2016.
Avani finished 7th with a score of 621.7 and become the 5th Indian athlete to won a gold medal in the Paralympics Games.
She was born on November 8, 2001. Avani sustained a spinal cord injury in a car accident in 2012. She started shooting after reading the autobiography of Olympic gold medallist shooter Abhinav Bindra. She tried hand in different sports with her father’s support but ultimately, she got inclined towards shooting.
Shooter Avani Lekhara wins gold in R-2 women’s 10m Air Rifle Standing SH1; becomes first Indian woman to win gold at Paralympics.
Wrestler-turned-javelin thrower Sumit Antil scripted history by winning gold with a world record effort of 68.55m in F64 event on Monday. Earlier in the day, shooter Avani Lekhara also created history as she became the first Indian woman to win a gold medal at the Paralympics, firing her way to the top of the podium in the R-2 women's 10m Air Rifle Standing SH1 event. The 19-year-old finished with a world record equalling total of 249.6, which is also a new Paralympic record. Discus thrower Yogesh Kathuniya clinched a silver medal in the men's F56 event. The 24-year-old, a B.Com graduate from New Delhi's Kirorimal College, sent the disc to a best distance of 44.38m in his sixth and last attempt to clinch the silver. Two-time gold-winning javelin throw veteran Devendra Jhajharia clinched a stupendous third Paralympic medal. Sundar Singh Gurjar also chipped in with a bronze, finishing behind Jhajharia in the men's javelin throw F46 final. Stay with Times of India to get all the live updates on Paralympics 2020, India Events at Paralympic Games, Results, Medal Table and more.
Golden day for India at the Paralympics
It was a golden day for India at the Paralympics as they produced as many as 5 medals for the country, including two golds courtesy Avani and Sumit. Shooter Avani Lekhara scripted history as she became the first Indian woman to win a gold medal at the Paralympics, firing her way to the top of the podium in the R-2 women's 10m Air Rifle Standing SH1 event. Debutant Sumit smashed his own world record multiple times for the F64 class gold, while veteran Devendra Jhajharia's F46 category silver cemented his status of being India's greatest para-athlete as javelin throwers led the country's track-and-field medal rush at the Paralympics on Monday. Another javelin thrower Sundar Singh Gurjar picked up bronze in Jhajharia's event, while discus thrower Yogesh Kathuniya's F56 silver ensured that India made its presence felt across the podium and through the day.
Indian boxers won six gold medals along with nine silver and five bronze medals in the Asian Youth Championship.
Five Indian boxers, including one woman, earlier won bronze medals in youth event after they lose in semi-finals. Daksh, Deepak, Abhimanyu and Aman Singh Bisht won the bronze medals. In women’s category, Lashu Yadav won bronze medal.
Last edition of Asian Youth Championships was held in Ulaanbaatar, Mongolia. India had won 12 medals, including five gold. The gold medallists in youth category were awarded with USD 6,000, silver medallists got USD 3,000 while bronze medallists got USD 1,500. In the junior competition held along with the Championships, India had won eight gold, five silver and six bronze medals.
It is a biennial, continental athletics competition held for Asian athletes. It is organised by the Asian Athletics Association. The first championships were held in 2015. It is a youth category event that is held for athletes aged fifteen and seventeen.
Sumit Antil is an Indian paralympian and javelin thrower won a gold medal in men's javelin throw F64 category at the 2020 Tokyo Paralympics
He was born 6 July 1998 and is from Sonepat in Haryana. He lost his left leg below the knee after he was involved in a motorbike accident in 2015. Sumit is supported by the GoSports Foundation[5] through the Para Champions Programme.Sumit was introduced to Para athletics by another para athlete, Rajkumar, while he was pursuing his B.Com in Delhi.
Sumit Antil came into Tokyo Paralympics as the world record holder in F64 category of men's javelin throw. He was also ranked world No1. He shattered his old world record in the very first attempt throwing 66.95m. He beat that on his second attempt with a massive effort of 68.08m as he led the field from the start.
He won Silver medal at World Para Athletics Championships, Dubai, 2019 and in the process broke his own world record in the F64 category.
Devendra Jhajharia grabbed silver with a personal best throw of 64.35 in Tokyo 2020 Games. This was also his third medal at Paralympic Games. Meanwhile, Sundar captured bronze with a season-best throw of 62.58.
Devendra Jhajharia is born in 10 June 1981 is an Indian Paralympic javelin thrower and is first Indian Paralympics player to win two gold medals at the Paralympics. He won his first gold in the javelin throw at the 2004 Summer Paralympics in Athens, becoming the second gold medalist at the Paralympics for his country and other at the 2016 Summer Paralympics in Rio de Janeiro.
Sundar Singh Gurjar was born on 1 January 1996 in Karauli, Rajasthan. He is an Indian Paralympic javelin thrower, shot putter and discus thrower competing in F46 events. He won bronze medal at Tokyo 2020 Paralympics in men's javelin F46 event. He set a world record at the 16th Para Athletics National Championship in Panchkula holding three gold medals in three events. He is also recipient of Arjun Award for Para-athletics.
On August 30, 2021, Shooter Avani Lekhara has won India’s first gold medal in 2020 Tokyo Paralympics.
India has won 19 medals so far across all 11 editions of Tokyo Paralympics Games since 1960. It comprises of 5 gold, 8 silver, and 6 bronze.
Avani Lekhara is an Indian Paralympic athlete of the shooting event. She was born on November 8, 2001. She has been currently ranked at World No. 5 in Women’s 10m Air Rifle standing (SH1). She competed in the 2018 Asian Para Games and has been getting support by GoSports Foundation through the Para Champions Programme. Avani sustained a spinal cord injury in a car accident in 2012. She started shooting after reading the autobiography of Olympic gold medallist shooter Abhinav Bindra. She tried hand in different sports with her father’s support but ultimately, she got inclined towards shooting.
Ladakh adopted two endangered species, Snow Lepard and Black Necked Crane, as its State animal and State bird respectively on September 1, 2021.
Balck Necked Crane are scientifically known as Grus nigricollis. It is a medium-sized crane found in Asia. It breeds on the Tibetan Plateau and remote parts of India & Bhutan. The crane is 139 cm long with a wingspan of 235 cm and weighs of 5.5 kg. It is whitish-grey in colour along with a black head, red crown patch, white patch to the rear of eye, black upper neck & legs. Some of its populations are known to make seasonal movements. It is respected in Buddhist traditions and is culturally protected in much of its range. In India, Black-necked crane are only found in Ladakh region. It was the State bird of J&K before it was made a UT in 2019. It is an endangered species.
Snow Leopard is scientifically called as Panthera uncia. It is a felid of genus Panthera and is native to the mountain ranges in Central and South Asia. It has been listed as Vulnerable on the IUCN Red List as its global population is lesser than 10,000 mature individuals. It is expected to decline by 10% by 2040. Poaching and habitat destruction are the biggest threat to them.
Ladakh on Wednesday adopted two endangered species, snow leopard and black-necked crane, as State animal and State bird, two years after it was carved out as a separate Union Territory (UT) from the erstwhile State of J&K.
“The snow leopard (Panther unica) and black-necked crane (Grus nicricollis) shall be the State animal and State bird respectively of the UT of Ladakh from the date of issue of the notification,” reads an order issued by the Lieutenant Administration (LG) of Ladakh.
Black-necked crane, only found in Ladakh region, was the State bird of J&K before August 5, 2019.
“Black-necked crane and snow leopard are two endangered species and the pride of Ladakh,” said Konchok Stanzin, Councillor from the Chushul constituency.
Black-necked cranes, considered loyal couples, are only found in Ladakh’s Changthang region.
Snow leopard, whose numbers are dwindling wordwide, has been categorised as “vulnerable” in the International Union for Conservation of Nature Red List.
In August 2019, the Parliament of India passed an act by which Ladakh became a union territory on 31 October 2019.
Punjab is an entrepreneurial State, having a strong footprint of entrepreneurs worldwide as well as in India. The state has a burgeoning entrepreneurial ecosystem comprising of 450 start-ups and 20 plus incubators.
The Department of Agriculture, Industries & Commerce, Mandi Board and Startup Punjab are the partners in this mission. They are providing over Rs. 30 crores in cash and kind. It also includes:
Mission stands on three pillars:
A road connecting Leh to the Pangong Lake was inaugurated on August 31, 2021 by Ladakh MP Jamyang Tsering Namgyal.
This road will play a significant role in boosting the socio-economic status of local residents, primarily for the people of Lalok region of Ladakh. It will facilitate tourism and tourists will see world’s highest motorable road, rare medicinal plants, participate in snow sport activities etc.
It is an endorheic lake spreading into eastern Ladakh and West Tibet. It is situated at an elevation of 4,225 m. The lake is 134 km long and divided into five sub lakes namely, Pangong Tso, Rum Tso (twin lakes), Tso Nyak, and Nyak Tso. 50% of the length of overall lake in located in Tibet China while 40% in Ladakh India. 10% of the lake is disputed and is considered as de-facto buffer zone between India and China. This lake is 5 km wide at its broadest point. It freezes completely during winter, despite being saline water.
The lake is currently in the process of being identified under Ramsar Convention as a wetland of international importance and will be the first trans-boundary wetland in South Asia under the Ramsar convention.
With a view to make metro accessible for transgender passengers, the DMRC has allowed them to use toilets which were till now meant only for disabled commuters, officials said on Sunday.
Transgender commuters who wish to use gender-based toilet as per self-identified gender can also continue to do so, they said.
At present, Delhi Metro has 347 such separate toilets across its stations, a senior official said.
To guide transgenders to these toilets, bilingual signages (English and Hindi both), along with symbols for both categories – 'Persons with Disability' and 'Transgenders' – have been installed adjacent to these toilets.
The provisions of section 22 of the Transgender Persons (Protection of Rights) Act, 2019, mandates adequate welfare measures for the transgender persons at all public buildings including public toilet facilities
Key Points CM cited a Forbes India report on most surveilled cities across the world. Forbes India report has ut Delhi on the top with 1,826.6 CCTV cameras per square mile. Delhi is followed by London with 1,138 cameras per square mile. Chennai was placed at third place with 609.9 CCTV cameras. Report placed Mumbai at 18th place with 157.4 CCTV cameras per square mile. Delhi was ranked at 1 among 150 cities of the world. Delhi has three times more CCTV cameras than Chennai and 11 times more than Mumbai.
CCTV Project The CCTV project was launched under the larger action plan of government to enhance women safety Delhi. This project was also the main aspects of the manifesto of the Aam Aadmi Party (AAP) in 2020 assembly elections. In the first phase of this project, government installed about 275,000 cameras in city. Currently, second phase of the project is running under which government has aimed to install 140,000 cameras in city.
India is all set to host a key conference on 3 - September as part of the International Climate Summit (ICS) 2020-21 to build a dialogue for India's transition to clean energy. Policymakers, regulators, industry leaders, experts, and scientists from across the globe are going to be a part of the climate summit. Union ministers Bhupendra Yadav and Jitendra Singh, NITI Aayog member Dr VK Saraswat and Sturle Harald Pedersen, chairperson of Greenstat India, Norway are some of the eminent participants.
A major conference on climate change - COP26 - is also scheduled to take place at Glasgow in Scotland from October 31 to November 12, 2021. COP26 President Alok Sharma said last month that it will be the last chance to ensure global temperature increases don’t exceed 1.5 degrees Celsius - the lower limit of the Paris Agreement.
India has become the first Asian Country to launch a Plastics pact on September 3, 2021.
India generates about 9.46 million tonnes of plastic waste annually. Out of this, 40 per cent are not collected. In India, half of all plastics production are used in packaging and most of it is single use plastic.
UK Research & Innovation (UKRI) and WRAP fully support the plastic pact in India. They also support plastics pacts in Europe, US, Australia, and Africa.
India and the UK on Thursday agreed on a $1.2 billion investment into green projects and renewable energy sector in India as part of joint efforts to tackle climate change.
This is a significant move, as the world’s largest coal miner uses over 4 lakh kilolitres of diesel per annum with an annual expense of over 3,500 crore State-owned CIL on September 1 said it has begun the process of retrofitting LNG kits in its dumpers — big trucks engaged in transportation of coal, a move that will help the PSU to save around ?500 crore annually.
“In a big push to reduce its carbon footprint, national miner Coal India Ltd. [CIL] has initiated the process of retrofitting Liquefied Natural Gas [LNG] kits in its dumpers,” the company said in a statement. The company in association with GAIL (India) Ltd. and BEML Ltd. has taken up a pilot project for retrofitting LNG kits in its two 100 tonne dumpers working at CIL subsidiary Mahanadi Coalfields Ltd. (MCL).
CIL on August 31 signed a memorandum of understanding (MoU) with GAIL an BEML to get this pilot project executed.
Once the LNG kit is successfully retrofitted and tested, these dumpers will be able to run on dual fuel systems , both on LNG and Diesel, and their operations will be significantly cheaper and cleaner with use of LNG.
LNG will replace the use of diesel by about 30% to 40% and reduce the fuel cost by about 15%.
“The move will reduce carbon emission significantly and also save around ?500 crore annually if all existing Heavy Earth Moving Machines [HEMMs] including dumpers are retrofitted with LNG kit. Getting rid of diesel pilferages and adulteration are other added advantages,” the company said.
Based on the outcomes of this pilot project, CIL will decide for bulk use of LNG in its HEMMs, especially dumpers.
The company has also planned to buy HEMMs with only LNG engines if this ongoing pilot project is successful. This move will help CIL reduce its carbon footprint drastically and achieve sustainable goals.
Notably, major mining dumper manufacturers worldwide are now switching for manufacturing of dumpers having engines with dual fuel (LNG-Diesel) systems.
According to United Nations Environment Programme (UNEP), use of leaded petrol has been eradicated from the globe.
During 1970s, almost all the gasoline that used to be sold worldwide contained lead. The UNEP launched its campaign called “Partnership for Clean Fuels and Vehicles (PCFV)” for eradication of ‘leaded petrol’ in 2002. Major economies including United States, China and India had already stopped using fuel in 2002. But, the situation in lower-income countries was critical. Concerns regarding the leaded petrol were first raised in 1924.
Eradication of leaded petrol is expected to support realization of multiple Sustainable Development Goals (SDG) like good health & well-being, clean water, clean energy, sustainable cities, climate action and life on land.
The bird is also known as Japanese Snipe and is scientifically called as Gallinago hardwickii. It is a medium-sized, long-billed, migratory snipe in the East Asian–Australasian Flyway. It is 29–33 cm in length with a wingspan of 50–54 cm. It is 150–230 g in weight.
The bird is identified as a Gallinago snipe by its cryptically-patterned black, brown, buff and white plumage. However, it is not easy to distinguish from Swinhoe’s and pin-tailed snipe.
The bird mainly breeds in Hokkaido in northern Japan and in small proportion in Honshu (eastern Russian mainland). Historically, it used to breed in Sakhalin and the Kurile Islands. Breeding habitat of the bird in Asia include alpine moorland, rough pasture, young tree plantations, grasslands and cultivated areas.
They migrate and spend most of their non-breeding season in eastern Australia, where it is the common Gallinago snipe. It has also been recorded on migration in Taiwan, New Guinea and the Philippines. It is a rare straggler to New Zealand.
This bird is the Least Concern species. In Australia it was earlier hunted as a gamebird but it is now protected. The bird is listed as “rare” under South Australia’s National Parks and Wildlife Act 1972.
Uttarakhand: Indian Meteorological Department issues orange alert, predicts heavy rain
•The Indian Meteorological Department (IMD) on August 29, 2021, issued an orange alert for Uttarakhand for the next 48 hours. The state has been receiving intermittent rains causing waterlogging and landslides.
•More than 200 roads including 5 National Highways (NH) and 15 state highways have been blocked in Uttarakhand due to heavy rains, stated the Disaster Management Department (DMD).
•IMD has predicted heavy to very heavy rainfalls in Dehradun, Nainital, and Pauri, along with Champawat, Tehri, and Pithoragarh to receive heavy rainfalls.
•On August 27, 2021, Maldevta Sahastradhara Link road got submerged in water with the Asan river overflowing due to heavy rains in Dehradun. The Ranipokhari Rishikesh road was also closed due to the collapse of the bridge over the Asan river.
Orange alerts are issued as a warning for 6 cm to 20 cm of rains in 24 hours with potential disruption in transport and power supply. Yellow alerts indicate 6 to 11 cm of rainfall in a day that could worsen over coming days. Green alert means no warning.
Indian construction firm, AFCONS, signed a contract for the largest-ever infrastructure project in Maldives on August 26, 2021.
Contract for Greater Male Connectivity – Male to Thilafushi Link Project was signed between the Ministry of National Planning, Housing & Infrastructure and AFCONS Infrastructure Ltd.
India has provided a grant of $100 million and a Line of Credit of $400 million to fund the project.
GMCP project is a bigger project than the Sinamale Bridge that was built with Chinese assistance. Sinamale Bridge connects Male with Hulhumale and Hulhule and was completed in the year 2018. GMCP project aims to connect four islands that accounts for half of Maldivian population. It will add dynamism to Maldivian transport and economic activities. It will connect Male with planned international port of Gulhifalhu and an industrial zone at Thilafushi. Project will use renewable energy and will utilise solar power for lighting purposes. GMCP project comprises of:
Contract for GMCP project was signed following a bilateral consultation between India and the Maldives. It was under discussion since the visit of External Affairs Minister of India to Male in September 2019.
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