Himanta urges investors to take advantage of customisable industrial policy & invest in Assam
Assam Chief Minister HimantaBiswaSarma urged leading industrialists and financiers in Mumbai to invest in diverse sectors in the state and assured them of total cooperation from the government in this regard. He held separate meetings with industry leaders at a roundtable organised by FICCI as well as with Tata Group and SRCC Children’s Hospital, among others, winding up his three-day visit to the financial capital of the country.
The chief minister urged Tata Group to come forward for investment in Assam, especially in health, education, green and renewable energy, tourism and hospitality sector. He assured that the state government will provide all necessary support, including certain policy changes and capital subsidy, to make the state a preferred investment destination of the country.
Industry dept using drones to lift Lakadong turmeric in Meghalaya
The commerce and industry ministry on Saturday said it is promoting use of drones for transportation of Lakadong turmeric from Meghalaya to other parts of the country with an aim to resolve first mile connectivity issues of farmers from the hinterland. Lakadong turmeric has been identified under the One District, One Product (ODOP) Initiative of the Department for Promotion of Industry and Internal Trade (DPIIT) as a product with huge potential for growth and export from West Jaintia Hills, a district of Meghalaya.
The fly off event would not only give a fillip to the ODOP initiative but also leverage modern technology as a fundamental solution to overcome the bottleneck of transportation that acts as a barrier in realizing the optimal potential of this spice from Meghalaya, she said. Despite India being the world’s largest turmeric producer and exporter, turmeric imports had also been increasing.
The percentage of curcumin and oleoresin content in turmeric determines its demand by the industry and the price. India is the largest producer and exporter of turmeric. India exported USD 236.5 million worth of turmeric in 2018 from USD 182.53 million in 2017. India produces 78 per cent of the world’s turmeric. In 2018-19, turmeric production was 389 thousand tonnes.
India-UAE Comprehensive Economic Partnership Agreement
India and the United Arab Emirates (UAE) are set to firm up a Comprehensive Economic Partnership Agreement (CEPA), during a virtual summit.
- Virtual Summit will be held between Crown Prince of Abu Dhabi Sheikh Mohamed bin Zayed al Nahyan and Prime Minister Narendra Modi.
- Both leaders are likely to lay out their vision of the historic and friendly bilateral relations, at a time when UAE is marking 50thanniversary of its foundation and India is celebrating 75 years of its independence.
- Both the leaders will discuss bilateral cooperation and exchange views on international and regional issues of mutual interest.
At the summit, both the leaders will sign the CEPA, on which negotiations were launched in September 2021 and now stands completed. This agreement would take economic and commercial engagement of both the countries to next level.
India’s UPI Platform in Nepal
The first country to adopt India’s UPI system will be Nepal which will be critical in modernising the neighbouring country’s digital economy.
To deliver the services in Nepal, NPCI International Payments Ltd (NIPL), NPCI’s international arm, has partnered with ManamInfotech and Gateway Payments Service (GPS). In Nepal, GPS is the authorized payment system operator, and ManamInfotech will implement the Unified Payments Interface (UPI) there.
Purpose of the collaboration
According to NPCI, the collaboration will benefit Nepal’s greater digital public good by strengthening interoperable real-time person-to-merchant (P2M) and person-to-person (P2P) transactions in the neighbouring country. This collaboration will allow the citizens of Nepal’s last-mile consumers to benefit from an interoperable, open payment system that enables real-time financial transfers between merchant payments and bank accounts.
Solar Waste Handling in India
While India’s solar power capacity is increasing, the country does not have a proper policy on managing the waste that is being generated from solar panels and its manufacturing process.
Currently, India considers solar waste as a part of its generated electronic waste and thus doesn’t account for it independently. Also, the nation doesn’t have any commercially operated raw material solar e-waste recovering facility.
In Gummidipoondi, Tamil Nadu, a facility has been set up for the purpose of recovering solar e-waste recycling and recovery albeit it is a private firm.
In India, solar waste is sold as scrap and it can lead to the increase of solar e-waste if proper recycling is not done. The government should divert its focus towards drafting a set of rules that will look into dealing with solar e-waste.
The life cycle of a solar panel is 20 to 25 years, so the problem we are facing is yet to come, but when it will eventually catch up the nation will be dealing with a huge problem with most of the landfills being filled with solar waste. Hence, drafting a policy dealing with this is a must.
Integrated Plant Nutrition Management Bill, 2022
Central government has proposed a law to empowers it to fix maximum selling price of fertilizers and control its quality and distribution.
Department of Fertilizers has asked comments on the draft Integrated Plant Nutrition Management Bill, 2022, from all the stakeholders.
It is convenient in public interest that central government should take under its control on distribution, price and quality of standards of fertilizers.
The bill seeks to establish an ‘Integrated Plant Nutrition Management Authority of India’.
It is aimed at promoting development and sustainable use of balanced fertilizers, including bio-fertilizers, nano-fertilizers, bio-stimulates, and organic fertilizers.
It seeks to simplify the process for manufacturing production, distribution and price management of fertilizers across India. This will help in improving the ease of doing business.
New India Literacy Programme
The Government of India approved the New India Literacy Programme scheme for the fiscal years 2022-2027 that will cover all areas of adult education and match with the national education policy 2020.
The Ministry of Education (MoE) has announced the ‘New India Literacy Programme’ for the next five years, to cover all aspects of adult education. The ministry has decided to use the term ‘Education for All’ instead of ‘Adult Education,’ because the previous term didn’t represent all non-literates who are in the age group of 15 years and above.
This programme is expected to cost Rs 1037.90 crore between 2022 and 2027, with the central government providing Rs 700 crore and the states providing Rs 337.90 crore, respectively.
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