competition refresher magazine

shine india monthly magazine Published this article page no 18 The government of Madhya Pradesh in partnership with the International Fund for Agricultural Development (IFAD) proposed two inexpensive and ingenious ideas to encourage women to cook balanced meals. These are 1. The 7 days 7 plots programme Here women from the village are taught how to grow different vegetables in their own gardens seven to be exact one for each day of the week. By the end of the week the first plot is ready to be harvested again. This way families get to eat fresh affordable vegetables that they can consume for longer and in greater quantity as against buying from the market and so reduce sickness. This scheme is an adjunct to the Tejaswini Rural Women Empowerment Programme implemented by the UNaffiliated IFAD in MP. 2. Tiranga Thali To encourage a more balanced meal the project introduced the concept of the Tiranga Thali where each plate contains ingredients of the three colours from the Indian flag. Saffron — all pulses like yellow split peas pigeon peas and split red lentils representing proteins white — rice milk and roti representing carbohydrates and green — leafy vegetables representing vitamins and minerals. About IFAD 1. It is a specialized United Nations agency created in 1977 engaged in providing grants and loans with low interest for allied projects. 2. The IFAD works with rural people allowing them to enhance their food security improve nutrition and raise their incomes. 3. It also helps people to expand their businesses. 4. The organization is an outcome of the World Food Conference of 1974. 5. It is headquartered in Rome and headed by a President. 6. It has 177 member countries. 7. IFAD brings out the Rural Development Report every year shine india monthly magazine buy.

shine india monthly magazine

shine india monthly magazine Published this article page no 17 While Sweden topped the LDI index other Scandinavian countries such as Denmark and Norway along with Costa Rica and New Zealand make up the top five in liberal democracy rankings. Indias performance It classifies India as an electoral autocracy ranking it 93rd on the LDI out of 179 countries. India is one of the top ten autocratisers in the world says the report. India is part of a broader global trend of an antiplural political party driving a countrys Autocratisation. Ranked 93rd in the LDI India figures in the bottom 50% of countries. It has slipped further down in the Electoral Democracy Index to 100 and even lower in the Deliberative Component Index at 102. In South Asia India is ranked below Sri Lanka (88) Nepal (71) and Bhutan (65) and above Pakistan (117) in the LDI. Reasons behind the overall situation One of the biggest drivers of autocratisation is toxic polarisation It is a dominant trend in 40 countries as opposed to 5 countries that showed rising polarisation in 2011. Autocratisation is defined as a phenomenon that erodes respect of counterarguments and associated aspects of the deliberative component of democracy. Misinformation as a policy tool The report identified misinformation as a key tool deployed by autocratising governments to sharpen polarisation and shape domestic and international opinion. Repression of civil society and censorship of media These were other favored tools of autocratising regimes. Rise of political hate speeches has also impacted the situation. 8. International Fund for Agricultural Development (IFAD) shine india monthly magazine buy.

pratiyogita kiran

pratiyogita kiran

pratiyogita kiran Published this article page no 09 The Genocide Convention was the first human rights treaty adopted by the General Assembly of the United Nations on 9 December 1948 and signified the international communitys commitment to never again after the atrocities committed during the Second World War. The definition of the crime of genocide as set out in the Convention has been widely adopted at both national and international levels including in the 1998 Rome Statute of the International Criminal Court (ICC). The Rome Statute established four core international crimes genocide crimes against humanity war crimes and the crime of aggression. Those crimes shall not be subject to any statute of limitations. Importantly the Convention establishes on State Parties the obligation to take measures to prevent and to punish the crime of genocide including by enacting relevant legislation and punishing perpetrators whether they are constitutionally responsible rulers public officials or private individuals (Article IV). Insta Curious ICJ is the successor to the Permanent Court of International Justice (PCIJ) which was brought into being through and by the League of Nations and which held its inaugural sitting at the Peace Palace in The Hague Netherlands in February 1922 pratiyogita kiran buy.

pratiyogita kiran

Monday, June 27, 2022

competition refresher magazine

competition refresher magazine Published this article page no 33 RSETIRUDSETI With the aim of mitigating the unemployment problem among the youth a new initiative was tried jointly by Sri Dharmasthala Manjunatheshwara Educational Trust Syndicate Bank and Canara Bank in 1982 which was the setting up of the RURAL DEVELOPMENT AND SELF EMPLOYMENT TRAINING INSTITUTE with its acronym RUDSETI near Dharmasthala in Karnataka. Rural Self Employment Training Institutes RSETIs are now managed by Banks with active cooperation from the Government of India and State Government. By merging the two erstwhile wage employment programme – National Rural Employment programme (NREP) and Rural Landless Employment Guarantee Programme (RLEGP) the Jawahar Rozgar Yojana (JRY) was started with effect from April 1 1989 on 8020 cost sharing basis between the centre and the States. Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) It is an employment scheme that was launched in 2005 to provide social security by guaranteeing a minimum of 100 days paid work per year to all the families whose adult members opt for unskilled labourintensive work. This act provides Right to Work to people. Pradhan Mantri Kaushal Vikas Yojana (PMKVY) launched in 2015 has an objective of enabling a large number of Indian youth to take up industryrelevant skill training that will help them in securing a better livelihood. Start Up India Scheme launched in 2016 aims at developing an ecosystem that promotes and nurtures entrepreneurship across the country. Stand Up India Scheme launched in 2016 aims to facilitate bank loans between Rs 10 lakh and Rs. 1 crore to at least one SC or ST borrower and at least one women borrower per bank branch for setting up a greenfield enterprise competition refresher magazine buy.

competition refresher magazine

competition refresher magazine Published this article page no 32 The syllabus taught in schools and colleges being not as per the current requirements of the industries. This is the main cause of structural unemployment. Inadequate growth of infrastructure and low investments in manufacturing sector hence restricting employment potential of secondary sector. Low productivity in agriculture sector combined with lack of alternative opportunities for agricultural worker which makes transition from primary to secondary and tertiary sectors difficult. Regressive social norms that deter women from takingcontinuing employment. Impact The problem of unemployment gives rise to the problem of poverty. Young people after a long time of unemployment indulge in illegal and wrong activities for earning money. This also leads to increase in crime in the country. Unemployed persons can easily be enticed by antisocial elements. This makes them lose faith in democratic values of the country. It is often seen that unemployed people end up getting addicted to drugs and alcohol or attempts suicide leading losses to the human resources of the country. It also affects economy of the country as the workforce that could have been gainfully employed to generate resources actually gets dependent on the remaining working population thus escalating socioeconomic costs for the State. For instance 1 percent increase in unemployment reduces the GDP by 2 percent. Steps Taken by Government Integrated Rural Development Programme (IRDP) was launched in 1980 to create full employment opportunities in rural areas. Training of Rural Youth for SelfEmployment (TRYSEM) This scheme was started in 1979 with objective to help unemployed rural youth between the age of 18 and 35 years to acquire skills for selfemployment. Priority was given to SCST Youth and Women competition refresher magazine buy.

Saturday, June 25, 2022

meri saheli magazine online

meri saheli magazine online Published this article page no 33 About the battleTroops from the 13 Kumaon Regiment defeated several waves of the Chinese Peoples Liberation Army in 1962.Despite being heavily outnumbered soldiers of the regiment fought to the last man standing under freezing temperatures and with limited ammunition. Significance of the region Rezang La is vital for the defence of the crucially important Chushul. Any invader reaching there would have had a free run to Leh. Insta Curious All you need to know about the Indo China border dispute read this 6. Malabar rebellion of 1921 Context The Indian Council for Historical Research (ICHR) has deferred its decision on a recommendation to remove the 1921 Malabar Rebellion martyrs including Variamkunnaathu Kunhahamad Haji and Ali Musliyar from the list of Indias freedom fighters. Whats the issue?The panel was of the view that the rebellion that took place at Malabar was a onesided attack on Hindus. Just two Britishers were killed during the unrest and hence the rebellion could not be considered as part of the freedom struggle.The subcommittee had recommended the removal of the Malabar Rebellion leaders mostly Muslims from the list. This is viewed by some as an attempt to distort history. What was the Mapilla rebellion? The Mapilla rebellion or Moplah Rebellion (Moplah Riots) of 1921 was the culmination of a series of riots by Moplahs (Muslims of Malabar) in the 19th and early 20th centuries against the British and the Hindu landlords in Malabar (Northern Kerala).The year 2021 will mark the 100th year anniversary of the uprising. Causes and outcomes of the revolt 1. The resistance which started against the British colonial rule and the feudal system later ended in communal violence between Hindus and Muslims. 2. Gandhiji along with Shaukat Ali the leader of the Khilafat movement in India visited Calicut in August 1920 to spread the combined message of noncooperation and Khilafat among the residents of Malabar. 3. In response to Gandhijis call a Khilafat committee was formed in Malabar and the Mappilas under their religious head Mahadum Tangal of Ponnani who pledged support to the noncooperation movement. 4. Most of tenants grievances were related to the security of tenure high rents renewal fees and other unfair exactions of the landlords. 13 5. The British government responded with much aggression bringing in Gurkha regiments to suppress it and imposing martial law. Wagon Tragedy A noteworthy event of the British suppression was the wagon tragedy when approximately 60 Mappila prisoners on their way to prison were suffocated to death in a closed railway goods wagon meri saheli magazine online buy.

meri saheli magazine online

meri saheli magazine online Published this article page no 32 5. Battle of Rezang La and the Ahir Regiment demand Context Members of the Ahir community have been demanding an Ahir Regiment in the Indian Army. LegacyThe Ahirwal region includes the southern Haryana districts of Rewari Mahendragarh and Gurgaon and is associated with Rao Tula Ram the Ahir hero of the revolt of 1857.The community was brought into national limelight after the story of the bravery of the Ahir troops of Haryana in the Battle of Rezang La in 1962 was widely known.The region has traditionally contributed soldiers to the Indian Army in large numbers. Whats the demand? Members of the community have long argued that the Ahirs deserve a fullfledged Infantry Regiment named after them not just two battalions in the Kumaon Regiment and a fixed percentage in other regiments. What has been the Armys response to the demand? The Army has rejected the demand for any new class or caste based regiment. It has said that while the older regiments based on castes and regions like the Dogra Regiment Sikh Regiment Rajput Regiment and Punjab Regiment will continue no new demands on the lines of an Ahir Regiment Himachal Regiment Kalinga Regiment Gujarat Regiment or any tribal regiment would be entertained. Background November 18 this year marked the 59th anniversary of the Battle of Rezang La. A memorial was inaugurated on the occasion. Where is Rezang La? Rezang La is a mountain pass on the Line of Actual Control in Ladakh. It is located between village of Chushul and the Spanggur Lake that stretches across both Indian and Chinese territories. It had also been the site of a heroic battle on 18 November 1962 meri saheli magazine online buy.

Wednesday, June 22, 2022

meri saheli magazine online

meri saheli magazine online Published this article page no 28 About Voyager mission Launched in the 1970s and the probes sent by NASA were only meant to explore the outer planets – but they just kept on going. Voyager 1 departed Earth on 5 September 1977 a few days after Voyager 2 and left our solar system in 2013. The mission objective of the Voyager Interstellar Mission (VIM) is to extend the NASA exploration of the solar system beyond the neighborhood of the outer planets to the outer limits of the Suns sphere of influence and possibly beyond. The Voyager spacecraft are the third and fourth human spacecraft to fly beyond all the planets in our solar system. Pioneers 10 and 11 preceded Voyager in outstripping the gravitational attraction of the Sun but on February 17 1998 Voyager 1 passed Pioneer 10 to become the most distant humanmade object in space. Accomplishments so far Voyager 2 is the only probe ever to study Neptune and Uranus during planetary flybys. It is the second manmade object to leave our planet. Voyager 2 is the only spacecraft to have visited all four gas giant planets — Jupiter Saturn Uranus and Neptune — and discovered 16 moons as well as phenomena like Neptunes mysteriously transient Great Dark Spot the cracks in Europas ice shell and ring features at every planet. What is Interstellar space? Scientists use the heliopause to mark where interstellar space begins although depending on how you define our solar system it can stretch all the way to the Oort Cloud which begins 1000 times farther away from the sun than Earths orbit. The Heliosphere The heliosphere is a bubble around the sun created by the outward flow of the solar wind from the sun and the opposing inward flow of the interstellar wind. That heliosphere is the region influenced by the dynamic properties of the sun that are carried in the solar wind–such as magnetic fields energetic particles and solar wind plasma. The heliopause marks the end of the heliosphere and the beginning of interstellar space meri saheli magazine online buy.

pratiyogita kiran monthly magazine

pratiyogita kiran monthly magazine Published this article page no 08 Inland water transport in the country is being promoted as an economical environment friendly supplementary mode of transport to rail and road. 132 Did you know? Under Entry 24 of the Union List of the Seventh Schedule of the Constitution the central government can make laws on shipping and navigation on inland waterways which are classified as national waterways by Parliament by law. Important National Waterways of India National Waterway 1 From Allahabad to Haldia with a distance of 1620 km. The NW1 run through the Ganges Bhagirathi and Hooghly river system with having fixed terminals at Haldia Farrakka and Patna. Floating terminals at the riverside cities like Kolkata Bhagalpur Varanasi and Allahabad. It is the longest National Waterway in India. National Waterway 2 Brahmaputra River from Sadiya to Dhubri in Assam state. The NW2 is the third longest Waterway with a total length of 891 km. National Waterway 3 The West Coast Canal or NW3 is in Kerala state and run from Kollam to Kottapuram. The 205 km long West Coast Canal is Indias first waterway with alltime navigation facility. The NW3 is consisting of West Coast Canal Champakara Canal and Udyogmandal Canal. It runs through Kottappuram Cherthala Thrikkunnapuzha Kollam and Alappuzha pratiyogita kiran monthly magazine buy.

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Tuesday, June 21, 2022

shine india monthly magazine subscription

shine india monthly magazine subscription Published this article page no 11 Lack of Consumer Records Schemes have not put in mechanism for maintaining consumer database and asset database which can be addressed through IT and communication solutions. Most utilities maintain manual records of consumers. This leads to mismanagement and losses. Revenue & Expenditure gaps The gap between discoms costs (average cost of supply) and revenues (average revenue realised) which was supposed to have been eliminated by now stands at Rs 0.49 per unit in the absence of regular and commensurate tariff hikes. Electrification and Support structure mismatch The schemes have not been able to address the gap between increasing electrification and related supporting structural mechanism. Under FAMEIndia Scheme incentives are provided to buyers of electric vehicles in the form of an upfront reduction in the purchase price of electric vehicles. As per the information received from Department of Revenue at present the GST rate on electric vehicles is 5%. The GST rates are prescribed based on the recommendations of the GST Council. Electric vehicles are already at the lowest rate slab of 5%. Following steps have been taken by the Government for adoption of electric vehicles in the country The Government on 12th May 2021 approved a Production Linked Incentive (PLI) scheme for manufacturing of Advanced Chemistry Cell (ACC) in the country in order to bring down prices of battery in the country. Drop in battery price will 135 result in cost reduction of electric vehicles. GST on electric vehicles has been reduced from 12% to 5% GST on chargers charging stations for electric vehicles has been reduced from 18% to 5% shine india monthly magazine subscription buy.

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pratiyogita kiran monthly magazine

pratiyogita kiran monthly magazine Published this article page no 02 Activities Insurance companies have to now spend 0.5% of the total premium collected on information education and communication (IEC) activities. Why is PMFBY criticised? Since the beginning farmers especially from Maharashtra have criticised the scheme for various reasons. One of the main arguments against it is that it helps insurance companies more than the farmers. Farm leaders claim insurance companies have made windfall gains at the behest of the public exchequer and farmers. Delayed payouts and denial of claims are other common complaints against insurance companies. The insurance companies were also blamed for not conducting enough crop cutting experiments (CCE) which measure the total loss experienced by the farmers. Which states have withdrawn from the scheme? Gujarat Bihar West Bengal Andhra Pradesh Telangana and Jharkhand have opted out of the scheme. Insta Curious Several states have their own insurance schemes. Read about them briefly IIn order to familiarize women with the latest techniques in agriculture and allied sectors trainings are being imparted to women farmers under schemes of Ministry of Agriculture & Farmers Welfare and Ministry of Rural Development. The guidelines of the various beneficiaryoriented schemes of the Department of Agriculture & Cooperation and Farmers Welfare (DAC&FW) provide that States and other Implementing Agencies to incur atleast 30% expenditure on women farmers. Following schemes have specific components for the welfare of women farmres 1. National Food Security Mission 2. National Mission on Oilseed & Oil Palm 129 3. National Mission on Sustainable Agriculture 4. SubMission for Seed and Planting Material 5. SubMission on Agricultural Mechanization and 6. Mission for Integrated Development of Horticulture. Mahila Kisan Sashaktikaran Pariyojana (MKSP) The Department of Rural Development launched a specific scheme namely Mahila Kisan Sashaktikaran Pariyojana (MKSP) pratiyogita kiran monthly magazine buy.

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Monday, June 20, 2022

civil services chronicle

civil services chronicle

civil services chronicle Published this article page no 111 Implications of the move Encouraging indigenous mining of these minerals is in the National interest that would lead to a reduction in imports in potash fertilizers and other minerals. This step taken by the Ministry of Mines is also expected to increase the generation of employment in the mining sector. It will also ensure increased availability of minerals for the downstream industries and support agriculture. The approval will lead to import substitution in respect of many important minerals for the economy of the country thereby saving valuable forex reserves. It will reduce the countrys foreign dependency through the local production of minerals. Previous amendments The Act was amended in 2015 to usher in a new regime of granting mineral concessions through auction to ensure transparency and nondiscrimination in the allocation of the mineral wealth of the country. The auction regime has matured since then. To give further impetus to the mineral sector the Act has been further amended in 2021. Under the reforms the Government has given a major boost to the auction of mineral blocks increasing production improving ease of doing business in the country and increasing the contribution of mineral production to Gross Domestic Product (GDP).60Know more about MMDR Amendment Bill 2021 here. Constitutional Provision Related to Mining The entry at serial No. 23 of List II (State List) to the Constitution of India mandates the state government to own the minerals located within their boundaries The entry at serial No. 54 of List I (Central List) mandates the central government to own the minerals within the exclusive economic zone of India (EEZ). In pursuance to this Mines & Minerals (Development and Regulation) (MMDR) Act of 1957 was framed. The central government has the ownership over all offshore minerals (ie minerals extracted from the sea or ocean floor in the Indian maritime zones such as the territorial waters continental shelf and exclusive economic zones). InstaLinks Prelims Link 1. What are major and minor minerals? 2. How they are regulated? 3. Who grants permissions? 9. Model Tenancy Act Context The longawaited Chandigarh Tenancy Act will now be in queue for enactment by the Parliament. The UT administration has decided to send the proposed Act based on Centres Model Tenancy Act 2021 to the Union government for approval and enactment. Background The Union Cabinet in June 2021 approved the Model Tenancy Act (MTA). States and Union territories can now adopt the Model Tenancy Act by enacting fresh legislation or they can amend their existing rental laws suitably. Highlights of the Model Law 1. Applicable prospectively and will not affect the existing tenancies civil services chronicle buy.

civil services chronicle

gk today magazine subscription

gk today magazine subscription Published this article page no 109 In the ASEAN region Singapore Indonesia and Malaysia impose a digital service tax with Thailand announcing forthcoming plans to tax its foreign digital service providers. Why the United States Trade Representative (USTR) says that this tax is discriminatory? 1. First it states that the DST discriminates against US digital businesses because it specifically excludes from its ambit domestic (Indian) digital businesses. 2. USTR also says the DST is discriminatory because it does not extend to identical services provided by nondigital service providers. Why India says Digital services tax is not discriminatory? And why is it needed? Business models employed by nonresident digital service providers obviate the need for a physical presence in India and profits earned here could easily escape the Indian income tax net. Hence this kind of taxation is necessary. Changing International Economic Order Countries such as India which provide large markets for digital corporations seek a greater right to tax incomes. Associated Concerns 1. Eventually the tax may become a burden for Digital Consumers. 2. It could invite retaliatory tariffs (such as the latest one) as similar tariffs were imposed by the US on France. 3. It would also result in double taxation. Did you know? In October 2021 G20 countries approved a global deal to adopt a 15 per cent minimum corporate tax and reallocate taxing rights for large profitable multinational enterprises (MNEs) to countries where they sell products and services. Insta Curious 1. Think! For clarity on concepts In B2B transactions where the Service Provider is outside India and the Service Receiver is inside India who is the liable entity for tax? Read Here. 2. Have you heard of the Trade Watch Report by the World Bank? Read Here. InstaLinks Prelims Link 1. About the equalization levy. 2. Applicability. 3. Exceptions. 4. Other countries with similar taxes. 5. About OECD. Mains Link Discuss the issues associated with the implementation of equalization levy. 7. Raising the age of consent in the Philippines Context The Philippines has raised its age of sexual consent from 12 years to 16 years. The law is genderneutral and applies to both male and female children and offenders. Until now it had one of the lowest ages of consent in the world with roughly one in five children experiencing sexual violence. What is the age of consent in India? In India The Protection of Children from Sexual Offences Act 2012 defines a child as anyone below 18 years of age and hence engaging in sexual activity with a child is considered sexual assault. The demand for the review of age of consent in India59The fact remains that many of the cases of sexual assault reported to the police (under the Pocso Act and other laws) dealing with the 1618 yearsold children are consensual in nature and are generally reported at the behest of girls parents who disapprove of the teenagers conduct gk today magazine subscription buy.

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Friday, June 17, 2022

meri saheli magazine

meri saheli magazine Published this article page no 37 It addresses the challenges that ULBs face in the development and deployment of digital applications to address urban challenges by enabling cities to take advantage of existing codes and customizing them to suit local needs rather than having to develop new solutions from scratch. Smart Cities Mission 2.0 website The website is redesigned to create a single window hub for Smart Cities Mission and act as an effective communication and outreach tool. As part of it GeoSpatial Management Information System (GMIS) is integrated with this website. Infrastructure Status for Exhibition and Convention Centres Benefits available as infrastructure projects would only be available for projects with a minimum builtup floor area of 100000 square metres of exclusive exhibition space or convention space or both combined. Significance of Infrastructure status Access to cheaper foreign currency funding through the external commercial borrowing route. The sector gets credit at competitive rates and on longterm basis with enhanced limits. SWAMIH Fund Recently Special Window for Affordable and Mid Income Housing (SWAMIH) Fund completed its first residential project Rivali Park in suburban Mumbai. About SWAMIH fund Set up by Government of India in November 2019 it is an Alternative Investment Fund to provide priority debt financing for the completion of stalled housing projects brownfield RERA registered residential developments that are in the affordable housing midincome category. It is a Securities and Exchange Board of India (SEBI)registered Alternate Investment FundII. Alternate Investment Fund (AIF) AIF means any fund established or incorporated in India which is a privately pooled investment vehicle which collects funds from sophisticated investors whether Indian or foreign for investing it in accordance with a defined investment policy for the benefit of its investors meri saheli magazine buy.

meri saheli magazine

meri saheli magazine Published this article page no 34 Components of PMAYU o Insitu Slum Redevelopment (ISSR) o Credit Linked Subsidy Scheme (CLSS) o Affordable Housing in Partnership (AHP) o Beneficiaryled Individual House Construction Enhancement (BLC). AMRUT It is first focused national water Mission which aims to provide basic services like water supply sewerage etc. to households and build amenities in cities. 500 cities selected under AMRUT. Progress o 105 lakh household water tap and 78 lakh sewer connections have been provided. o 88 lakh streetlights have been replaced with energy efficient LED lights against target of 101 lakh leading to energy savings and reduction in CO2 emission. Smart Cities Mission It was launched in 2015 as a joint effort of the Ministry of Housing and Urban Affairs (MoHUA) and all state and union territory (UT) governments. 100 cities and towns in different states and UTs of India have been selected under the SCM. Objectives Promote cities that provide core infrastructure clean and sustainable environment and give a decent quality of life to their citizens through the application of smart solutions. Recent steps to strengthen the missions Climate Smart Cities Assessment Framework (CSCAF) 2.0 It aims to provide an overarching roadmap to formulate implement and monitor urban climate actions in India. o CSCAF 2.0 consists of 28 diverse indicators across five sectors. (refer infographic) Data Maturity Assessment Framework 2.0 Every year the Smart Cities are being ranked so that Urban Local Bodies (ULBs) continue to invest in developing and strengthening their data ecosystems. It assess the data readiness of 100 smart cities on the systematic pillars across 5 components namely policy people process technology and outcomes. ICT initiatives under Smart Cities ICCC Maturity Assessment framework (IMAF) It is a selfassessment tool kit developed to assess the maturity of Integrated Command and Control Centres (ICCC) across key aspects of functionality technology governance and citizenstakeholders engagement. It helps cities identify areas of improvement in their ICCCs to deliver better services to the citizens. Smart City ICT standards It facilitates interoperability between products in a multivendor multinetwork and multiservice environment that exists in a smart city. India Smart Cities Fellows Report It promotes youth leadership and usher vibrancy in the design of Indias urban future meri saheli magazine buy.

meri saheli magazine

meri saheli magazine Published this article page no 31 DEVELOPMENTS RELATED TO INSURANCE SECTOR About Insurance Regulatory Development Authority of India (IRDAI) IRDAI (HQ Hyderabad since 2001 earlier in Delhi) is an autonomous regulatory body established in 1999 through IRDAI Act of 1999 with primary aim of protecting the policyholders interests. It was established on the recommendations of the Malhotra Committee Report. It manages and regulates the insurance and reinsurance industry in India along with registering andor licensing insurance reinsurance companies and the intermediaries. IRDAI retains LIC GIC New India as Domestic Systemically Important Insurers (DSIIs) Life Insurance Corporation of India (LIC) General Insurance Corporation of India (GIC) and New India have been retained as DSIIs for 202122. o DSIIs are identified on an annual basis by Insurance Regulatory and Development Authority of India (IRDAI). DSIIs refer to insurers of such size market importance and domestic and global inter connectedness whose distress or failure would cause a significant dislocation in the domestic financial system. o Their continued functioning is thus critical for the uninterrupted availability of insurance services to the national economy. o They are perceived as insurers too big or too important to fail. DSIIs are subjected to additional regulatory measures to deal with the systemic risks and moral hazard issues. Parameters for identification of DSIIs o Size of operations in terms of total revenue including premium underwritten and value of assets under management. o Global activities across more than one jurisdiction. RBI and IRDAI nod must for FDI in bankled insurers The new Foreign Exchange Management (Second Amendment) Rules 2021 that amend the Foreign Exchange Management Rules 2019 have been notified. The Foreign Exchange Management Act 1999 provides legal framework for the administration of foreign exchange transactions in India. Key highlights Applications for foreign direct investment in an insurance company promoted by a private bank would be cleared by the RBI and IRDAI to ensure that the 74% limit of overseas investment is not breached. o Earlier this limit was 49% under the 2019 rules. Majority of directors and key management persons should be resident Indian citizens in a domestic insurance company having foreign investment. Additionally at least one of the three key management persons chairperson managing director or chief executive should also be resident Indian citizens. With insurance penetration of 3.76% in FY20 (life insurance at 2.82% and nonlife insurance at 0.94%) the amended rules can further help ino Bringing more FDI in Insurance Sector. o Increase competition with new products to enhance insurance penetration. Model insurance villages IRDAI has come out with concept of model insurance villages to cover entire population in village areas with financial support of various institutions like NABARD and CSR funds. o Idea is to offer comprehensive insurance protection to all the major insurable risks that villagers are exposed to and make available covers at subsidized cost. IRDAI suggested to implement it in a minimum of 500 villages in the first year and increase to 1000 villages in subsequent years. o It said efforts in selected villages need to be continued for a minimum of 3 to 5 years so as to make insurance benefits visible to the community meri saheli magazine buy.