1. AKASH PRIME MISSILE
A new version of the Surface to Air Akash Missile – ‘Akash Prime’ has been successfully flight tested from Integrated Test Range (ITR), Chandipur, Odisha on 27 September 2021.
About:
- The missile intercepted and destroyed an unmanned aerial target mimicking enemy aircrafts, in its maiden flight test after improvements.
- In comparison to the existing Akash System, Akash Prime is equipped with an indigenous active Radio Frequency (RF) seeker for improved accuracy. Other improvements also ensure more reliable performance under low-temperature environments at higher altitudes.
Source : The Hindu
2. FOREIGN TRADE
Commerce and Industry Minister Piyush Goyal said the existing foreign trade policy (FTP) will be extended till March 31, 2022.
About:
- The Centre had earlier extended the FTP 2015-20 until September 30 this year due to the COVID-19 crisis. The FTP provides guidelines for enhancing exports to push economic growth and create jobs.
- Goyal also inaugurated a trade facilitation portal that was developed by Federation of Indian Export Organizations (FIEO) to help exporters deal with challenges due to acute shortage of containers. The portal will bring exporters and logistics service providers (LSPs) on a single platform.
Source : The Hindu
3. ALL-INDIA QUARTERLY ESTABLISHMENT-BASED EMPLOYMENT SURVEY
The All-India Quarterly Establishment-based Employment Survey, in a report released recently said that the overall employment numbers had increased by 29% from the base year of 2013-14.
About:
- However, in the first quarter of this fiscal (April-June 2021), 27% of the establishments surveyed reported pandemic-related retrenchment.
- The report, released by Labour and Employment Minister Bhupender Yadav, covered 10,593 firms that employed more than 10 workers and were spread over nine sectors that account for 85% of the total employment in such establishments.
- Overall, employment stood at 3.08 crore in the first quarter, up from 2.37 crore as reported in the Sixth Economic Census (2013-2014). All but two sectors — trade and accommodation & restaurants — saw an increase in employment over the period.
- The report said the IT/BPO sector had the most impressive growth (152%), followed by health (77%), transport (68%), financial services (48%), construction (42%), education (39%) and manufacturing (22%).
- Manufacturing was found to account for 41% of the establishments, followed by education (22%) and health (8%).
- There was a decline in employment in trade (25%) and accommodation and restaurants (13%).
- The number of female workers showed a decline too, from 31% in the Sixth Economic Survey to 29% as of the first quarter of the quarterly employment survey.
- While 27% of the establishments reported pandemic-induced retrenchment, the silver lining was that 81% of the workers had received their full wages during the lockdown (March 25 to June 30, 2020).
Source : The Hindu
4. RIGHT TO GOVT. AID IS NOT A FUNDAMENTAL RIGHT
The right of an institution, whether run by a majority or minority community, to receive government aid is not a fundamental right. Both have to follow the rules of the aid, the Supreme Court held in a ruling.
About:
- Whether it is an institution run by the majority or the minority, all conditions that have relevance to the proper utilisation of the grant-in-aid by an educational institution can be imposed.
- All that Article 30(2) states is that on the ground that an institution is under the management of a minority, whether based on religion or language, grant of aid to that educational institution cannot be discriminated against, if other educational institutions are entitled to receive aid
- The Bench said if the government made a policy call to withdraw aid, an institution cannot question the decision as a “matter of right”. An institution is free to choose to accept the grant with the conditions or go its own way, it said.
- The judgment came in an appeal filed by Uttar Pradesh against a decision of the Allahabad High Court to declare unconstitutional a provision of the Intermediate Education Act, 1921.
Source : The Hindu
5. NATIONAL CADET CORPS (NCC)
Lieutenant General Gurbirpal Singh took over as the 34th Director General of National Cadet Corps (NCC) on September 27, 2021.
About:
- National Cadet Corps (NCC) is a Tri-Services Organization, comprising the Army, Navy and Air Force, engaged in grooming the youth into disciplined and patriotic citizens. It is a voluntary organization which recruits cadets from high schools, colleges and universities all over India.
- The Cadets are given basic military training in small arms and parades. They are given preference in military service over normal candidates during selections.
- Background: It came into existence in 1948 under the National Cadet Corps Act, 1948.
- Related Ministries: Defence Ministry deals with NCC at the National level. Education Ministry deals with NCC in all States.
- Directorate General NCC: It is the national level HQ located at New Delhi. It is headed by the Director General (DG), an Army Officer of the rank of Lieutenant General.
Source : PIB
6. WHITE SHIPPING INFORMATION
Indian navy and Royal Navy of Oman signed an MOU on white shipping information exchange.
About:
- In shipping terminology, white shipping information is about the exchange of advance information on the identity and movement of commercial, non-military merchant ships.
- The signing of the MoU between Royal Navy of Oman and Indian Navy would facilitate information exchange on merchant shipping traffic, through IFC-IOR, India and MSC, Oman and contribute to enhanced maritime safety and security in the region.
- The MoU was signed at Maritime Security Center (MSC), Muscat. The MSC was commissioned in 2013.
Source : PIB
7. PMFME SCHEME SEED CAPITAL MODULE
The Ministry of Food Processing Industries in association with the Ministry of Housing and Urban Affairs, under the Pradhan Mantri Formalisation of Micro food processing Enterprises (PMFME) Scheme, virtually launched the Seed Capital Module.
About:
- It was launched on Deendayal Antyodaya Yojana-National Urban Livelihoods Mission (DAY-NULM) MIS Portal for seed capital assistance to members of urban Self Help Groups working in the food processing sector in India.
- The seed capital portal can be accessed at https://nulm.gov.in/Auth/Login.aspx for Self Help Groups to avail the seed capital assistance of Rs.40,000 per SHG member under the PMFME Scheme.
Important Info :
About the PMFME Scheme
- Launched under the Aatmanirbhar Bharat Abhiyan, the Pradhan Mantri Formalisation of Micro food processing Enterprises (PMFME) Scheme is a centrally sponsored scheme that aims to enhance the competitiveness and promote formalization of the unorganized micro—food processing enterprises in India.
- The scheme aims to empower the self-help groups by:
- Seed capital support of Rs.40,000 per SHG member;
- Credit linked subsidy for capital investment up to 35% with a ceiling of Rs. 10 lakh;
- Credit linked grantsupport up to 35% for establishing common infrastructure;
- Handholding support for DPR preparation and;
- Capacity building and training support.
Source : PIB
8. COIR INDUSTRY OF INDIA
Union Minister for MSME Narayan Rane has called for developing Coir Industry in Konkan, North and North-Eastern region of the country and expand the market network. Konkan region has great opportunities for development of Coir Industry, as its coastal areas have good coconut crop.
About:
- Union Minister for MSME Narayan Rane informed that India contributes 70% of the global production of Coir and 80% of the world trade in Coir products.
- Coir industry provides employment to more than 7.3 lakh people in rural areas, 80% of which are women
- Acceptability of Coir products has increased rapidly due to its 'environment friendly' image. During the year 2020-21, the export of coir and coir products reached the level of Rs 3778.97 crore, with a growth rate of 17% in quantity and 37% in value, despite COVID adversities.
Important Info :
Significance
- Coir Industry is a traditional, labor intensive, agro-based and export oriented industry.
- The industry converts waste into wealth as the raw material used is throw away waste.
Source : PIB
9. SATAT
Indraprastha Gas Limited (IGL) today signed a Memorandum of Understanding with South Delhi Municipal Corporation (SDMC) to establish waste to energy plant in Delhi to convert Municipal Solid Waste into Compressed Bio-Gas (CBG) for use as fuel for running vehicles.
About:
- The agreement was signed as a part of extension of SATAT initiative of the government under synchronization scheme.
- The Sustainable Alternative Towards Affordable Transportation (SATAT) scheme envisages setting up of 5000 CBG plants by 2023-24 with production target of 15 MMTPA, facilitating the creation of new employment opportunities and enhancing farmers' income.
- By using Municipal Solid Waste as input, this initiative involves a multi-pronged approach to reduce municipal waste on one hand and produce clean energy on the other in a sustainable manner.
- SATAT Scheme is an initiative of Ministry of Petroleum and Natural Gas.
Source : PIB