shine india monthly magazine subscription

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

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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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. 

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gk today magazine subscription

 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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meri saheli magazine

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

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

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.

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