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30 SEPTEMBER 2021 DAILY CURRENT AFFAIRS | UPSC CDS CAPF AFCAT NDA SSB

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Written by NDI EDITOR

Sep 30 2021

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30 SEPTEMBER 2021 DAILY CURRENT AFFAIRS | UPSC CDS CAPF AFCAT NDA SSB
1. ‘TERMS OF REFERENCE’ FOR NAVY TO NAVY TALKS
The Indian Navy and the Australian Navy signed the ‘Terms of Reference’ (ToR) for the conduct of the navy to navy talks under the framework of the ‘Joint Guidance for the India-Australia Navy to Navy Relationship’ document, signed by the two Navy Chiefs in August.

About:

  • This is the first such document signed by the Indian Navy with any country.

  • The document set the navy to navy talks as the principal medium for guiding the bilateral cooperation, the Indian Navy said in a statement.

  • The document would be pivotal in consolidating the shared commitment to promoting peace, security, stability and prosperity in the Indo-Pacific region. The ToR detailed the modalities for engagement at various levels between the two navies and streamlined the process.

  • The document provided flexibility for the implementation of separate agreements based on the specific outcomes of the talks.

  • The highlights of the document included close cooperation in regional and multilateral fora, including Indian Ocean Naval Symposium (IONS), Western Pacific Naval Symposium (WPNS) and Indian Ocean Rim Association (IORA).
Source: The Hindu

2. DEFENCE ACQUISITION COUNCIL
The Defence Acquisition Council (DAC) in its meeting of 29 September 2021 held under the Chairmanship of Raksha Mantri Shri Rajnath Singh accorded Acceptance of Necessity (AoN) for Capital Acquisitions proposals for modernization and operational needs of the Indian Armed Forces amounting to approx. Rs.13,165 cr.

About:

  • Of the total amount approved, procurement worth Rs. 11,486cr. (87%) is from the domestic sources.

  • Key approvals include helicopters, guided munition and rocket ammunition.

  • Looking into the need of the Indian Army for an Advanced Light Helicopters (ALH) Squadron, to improve its integral lift capability ensuring its operational preparedness, the DAC accorded approval of procurement of 25 ALH Mark III helicopters from M/s HAL under Buy Indian-IDDM at an approx. cost of Rs.3,850 crore.

  • Giving boost to Indigenous Design and Development of ammunitions, DAC accorded approval for procurement of Terminally Guided Munition (TGM) and HEPF/RHE Rocket Ammunition under Buy(Indian-IDDM) category at an approx cost ofRs.4,962 cr.from domestic sources.

  • In addition, the DAC also approved a few amendments to the DAP 2020 as a part of Business Process Re-engineering to ensure further ease of doing business for the industry as well as measures to enhance procurement efficiency and reducing timelines.
Source: PIB

3. RENEWABLE ENERGY CERTIFICATE (REC) MECHANISM
Union Minister of Power and New & Renewable Energy has given his assent to amendments in the existing Renewable Energy Certificate (REC) mechanism. The intent behind this decision is to align the ‘mechanism’ with the emerging changes in the power scenario and also to promote new renewable technologies.

The Salient features of changes proposed in revamped REC mechanism are:

  • Validity of REC would be perpetual i.e., till it is sold.

  • Floor and forbearance prices are not required to be specified.

  • CERC to have monitoring and the surveillance mechanism to ensure that there is no hoarding of RECs.

  • The RE generator who are eligible for REC, will be eligible for issuance of RECs for the period of PPA as per the prevailing guidelines. The existing RE projects that are eligible for REC would continue to get RECs for 25 years.

  • A technology multiplier can be introduced for promotion of new and high priced RE technologies, which can be allocated in various baskets specific to technologies depending on maturity.

  • RECs can be issued to obligated entities (including DISCOMs and open access consumers) which purchase RE Power beyond their RPO compliance notified by the Central Government.

  • No REC to be issued to the beneficiary of subsidies/concessions or waiver of any other charges. The FOR to define concessional charges uniformly for denying the RECs.

  • Allowing traders and bilateral transactions in REC mechanism.

  • The changes proposed in revamped REC mechanism will be implemented by CERC through regulatory process.

  • To address the mismatch between the availability of RE sources and the requirement of the obligated entities to meet their renewable purchase obligation (RPO), Pan-India market-based Renewable Energy Certificate (REC) Mechanism was introduced in the year 2010.

The proposed changes will provide some flexibility to the players, additional avenues, rationalization and also addressing the RECs validity period uncertainty issues.

Source: PIB

4. IndiaXports 2021 PORTAL
Union Minister for MSMEs virtually inaugurated the India Export Initiative and IndiaXports 2021 Portal of India SME Forum in New Delhi.

About:

  • IndiaXports aims to orient MSMEs free of cost, with the objective of focussing on the untapped export potential in existing tariff lines and supporting MSMEs in order to grow the number of exporting MSMEs and increase MSME exports by 50% in 2022 and contributing to the PM’s dream of the US $5 Trillion Economy.

  • This initiative features an Info Portal which serves as a knowledge base for exports by Indian MSMEs with the required information related to export potential for all the 456 tariff lines along with the potential markets as well as trends in exports, export procedures and lots more.

  • Apart from an export help desk, Instructor-led orientation will also be provided to MSMEs through a series of sessions for specific sectors highlighting the opportunities in specific products in international markets.

  • The initiative targets 1 lakh+ MSMEs desirous of knowing more about exports and hand-holding 30,000+ MSMEs to start exporting, doubling the base of active exporters.
Source: PIB

5. EMERGENCY CREDIT LINE GUARANTEE SCHEME (ECLGS)
ECLGS’ scope expanded and the scheme extended till 31.03.2022.

About:

  • With a view to supporting various businesses impacted by the second wave of the COVID 19 pandemic, it has been has decided to extend the timeline of the Emergency Credit Line Guarantee Scheme (ECLGS) till 31.03.2022 or till guarantees for an amount of Rs 4.5 lakh crore are issued under the scheme, whichever is earlier.

  • Further, the last date of disbursement under the scheme has also been extended to 30.06. 2022.

The following modifications have been made in the scheme to enable support to businesses impacted by the second wave of COVID

  • Existing borrowers under ECLGS 1.0 & 2.0 would be eligible for additional credit support of upto 10% of total credit outstanding as on 29.02.2020 or 31.03.2021, whichever is higher.

  • Businesses who have not availed assistance under ECLGS (ECLGS 1.0 or 2.0), can avail credit  support  of upto 30% of their credit outstanding as on 31.03.2021.

  • Businesses in sectors specified under ECLGS 3.0, who have previously not availed ECLGS, can avail credit support up to 40% of their credit outstanding as on 31.03.2021, to the maximum of Rs.200 crore per borrower;

  • Incremental credit can be availed within these limits by existing ECLGS borrowers whose eligibility increased because of a change in cut off date to 31.03.2021 from 29.02.2020.
Source: PIB

6. NATIONAL EXPORT INSURANCE ACCOUNT (NEIA) SCHEME
The government of India has approved the continuation of the National Export Insurance Account (NEIA) scheme and capital infusion of Rs. 1,650 crore Grant-in-Aid to NEIA over a period of five years, i.e. from FY 2021-2022 to FY 2025-2026.

About:

  • NEIA Trust was established in 2006 to promote Medium and Long-Term (MLT)/ project exports by enabling credit and political insurance.

  • NEIA supports projects which are commercially viable and are strategically important.

  • Since inception, NEIA has extended 213 covers, with a consolidated project value of Rs. 53,000 crores, to 52 countries as of 31st August 2021

  • Its impact in enabling project exports has been most significant in Africa and South Asia.

  • The capital infusion in NEIA Trust will help the Indian Project Exporters (IPE) to tap the huge potential of project exports in focus market.

  • The NEIA Trust promotes Medium and Long Term (MLT) /project exports by extending (partial/full) support to covers issued by ECGC (ECGC Ltd, formerly known as Export Credit Guarantee Corporation of India Ltd.) to MLT/project export and to Exim Bank for Buyer’s Credit (BC-NEIA) tied to project exports from India.
Source: PIB

7. CIPET: INSTITUTE OF PETROCHEMICALS TECHNOLOGY, JAIPUR
Prime Minister Modi will inaugurate CIPET: Institute of Petrochemicals Technology, Jaipur.

About:

  • Together with the Government of Rajasthan, the Government of India has established CIPET: Institute of Petrochemicals Technology, Jaipur.

  • It is self-sustainable and dedicatedly serves the needs of the petrochemical and allied industries.

  • It will provide education to the youth to become skilled technical professionals.
Source: PIB

8. NATIONAL SCHEME FOR PM POSHAN IN SCHOOLS
The Cabinet Committee on Economic Affairs (CCEA) has approved the continuation of ‘National Scheme for PM POSHAN in Schools’ for the five year period 2021-22 to 2025-26 with the financial outlay of ₹ 54061.73 crores from the Central Government and ₹ 31,733.17 crores from State Governments & UT administrations.

About:

  • Central Government will also bear the additional cost of about ₹ 45,000 crores on foodgrains. Therefore, the total scheme budget will amount to ₹ 1,30,794.90 crore.

  • The CCEA cleared the PM POSHAN Scheme for providing one hot cooked meal in Government and Government-aided schools from 2021-22 to 2025-26.

  • This is a Centrally-Sponsored Scheme which covers all school children studying in Classes I-VIII of Government, Government-Aided Schools.

  • The earlier name of the scheme was ‘National Scheme for Mid Day Meal in Schools’ popularly known as Mid Day Meal Scheme.

  • The scheme covers about 11.80 crore children studying in 11.20 lakh schools across the country. During 2020-21, the Government of India invested more than ₹ 24,400 crores in the scheme, including a cost of about ₹ 11,500 crores on foodgrains.
Source: PIB

9. ELDER LINE
On the occassion of International Day of Older Persons (1st October), the Vice President of India will dedicate the Elderly Line 14567 to the Nation.

Timeline

  • The government of Telangana and Tata Trusts piloted the helpline in Telangana between March 2019 and September 2020.

  • Based on this experience, MOSJE decided to establish state helplines at each state level and have a single call management platform and a unique number (14567) that will enable services for the senior citizens through a National level structure. Thus Elder Line was conceptualised.

Features

  • Elder Line will operate on all seven days of the week from 8 AM to 8 PM since it is categorised under non-emergency service and extension of working hours will be backed by findings and requirements.

  • Elder Line is a National Helpline for Senior Citizens (NHSC) set up by the Ministry of Social Justice and Empowerment in collaboration with the National Institute of Social Defence (NISD) and State Governments.

  • National Implementing Agency (an empowered Committee) set up by MOSJE along with NISD (National Institute for Social Defence) is currently hosting the Elder Line along with the States.

  • Operationally, the state agencies will be working closely with all state departments and district functionaries to deliver services.

  • Elder Line 14567 is a toll-free number open 12 Hours a day (8:00 AM to 8:00 PM), that provides free information, guidance, emotional support, field intervention in cases of abuse & rescues in order to improve the quality of life of senior citizens.

  • In case of emergencies like pandemics, this helpline can support senior citizens with the right and on-time information for medical needs, emotional support and other associated needs in collaboration with all the state departments.
Source: PIB

10. RAILWAY LINE DOUBLING PROJECTS
The Cabinet Committee on Economic Affairs approved the doubling of the Nimach-Ratlam (Madhya Pradesh) railway line as well as of the Rajkot-Kanalus (Gujarat) railway line, with an estimated project cost of over ₹1,000 crores each.

About:

  • The total length of doubling of the line for the Nimach-Ratlam line is 132.92 km, with an estimated project cost of ₹1,095.88 crores, and the estimated length for the Rajkot-Kanalus line is 111.2 km, with an estimated cost of ₹1,080.58 crores.

  • Both projects are targeted for completion by 2024-25.

  • The Rajkot-Kanalus section is a part of the busy Mumbai-Ahmedabad-Viramgam-Okha section.
Source: The Hindu
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Written by NDI EDITOR

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