VISION

Vision IAS Economic Survery 2020-2021 Volume 1 & 2  PDF

 GS SCORE Prelims 2021 All India Mock Test 06 With Solution PDF

 What is the issue?

• Indian PM recently inaugurated the ‘Maritime India Summit 2021,’ also releasing the e-book of ‘Maritime India Vision-2030’ (MIV-2030).
• In this context, here is a look at the maritime sector in India and the scope of MIV-2030.

Why is the maritime sector in India significant?

1)  India-Sweden Virtual Summit 2021

•Prime Minister Narendra Modi has participated in the virtual India-Sweden summit, with the Prime Minister of Sweden, Stefan Lofven. The virtual summit was organised to exchange views on regional and global issues and to discuss the bilateral relations between the two countries. This was the fifth interaction between the two leaders since 2015.

2)  DRDO successfully flight test SFDR technology

•The Defence Research and Development Organisation (DRDO) conducted a successful flight test of Solid Fuel Ducted Ramjet (SFDR) technology from the integrated test range (ITR), Chandipur, off Odisha coast. The SFDR technology will help DRDO with the technological advantage to develop long-range air-to-air missiles (AAMs). DRDO began developing SFDR first in 2017 and had conducted successful tests in 2018 and 2019 as well. 

3)  Ligia Noronha appointed UN Assistant Secretary-General

•UN chief Antonio Guterres has appointed leading Indian economist Ligia Noronha as Assistant Secretary-General and Head of the New York Office of the United Nations Environment Programme (UNEP). Prior to joining the UNEP, Noronha worked at The Energy and Resources Institute (TERI) in New Delhi as Executive Director (Research Coordination) and as Director of the Division on Resources, Regulation and Global Security.

4)  NPCI Partners SBI Payments to launch “RuPay SoftPoS” for Merchants

•National Payments Corporation of India (NPCI) and SBI Payments have partnered to launch “RuPay SoftPoS” for Indian merchants. The RuPay SoftPoS solution will provide a cost-effective acceptance infrastructure to retailers at a nominal cost. This innovative solution has the capability to transform NFC enabled smartphones into merchant Point of Sale (PoS) terminals for the retailers.

5)  Bihari Puraskar 2020 to be awarded to Mohankrishna Bohara

•The 30th Bihari Puraskar for 2020 will be given to Mohankrishna Bohara for his Hindi book of Criticism, titled Taslima: Sangharsh aur Sahitya. The K.K. Birla Foundation announced this in New Delhi. The book was published in 2016.

6)  Tarun Bajaj to take additional charge of Revenue Secretary

•Department of economic affairs secretary, Tarun Bajaj has been given the additional charge of revenue secretary. Present revenue secretary Ajay Bhushan Pandey retires on February 28. The Centre has decided to not grant an extension to finance secretary Ajay Bhushan Pandey who was also holding additional charge of the revenue department in the finance ministry.

7)  HDFC ERGO launches Business Kisht Suraksha cover

•HDFC ERGO General Insurance has launched the “Business Kisht Suraksha” cover. It is a unique cover that was launched with the aim of protecting the balance sheet of Microfinance Institutions (MFIs), financial institutions and banks if any catastrophe or a natural disaster occurs.

8)  Kotak Mahindra Bank tie-up with Indian army to handle salary accounts

•Private sector lender Kotak Mahindra Bank will handle the salary account of the Indian army personnel. The bank has signed a memorandum of understanding (MoU) with the Indian Army here for a salary account. The MoU enables Kotak to offer its salary account proposition, combined with exclusive benefits for the Indian Army, to all army personnel – both active and retired.

•Through the Kotak salary account, all personnel of the Indian army will get access to the full range of Kotak’s products and services including a zero-balance salary account that earns up to 4 per cent interest per annum with free unlimited ATM transactions on all VISA ATMs and anywhere banking across the bank’s network of 1,603 branches and 2,573 ATMs across India.

9)  Axis Securities’ new platform to make investment in bond

•Axis Securities has announced the launch of ‘YIELD’ – an online platform to buy and sell bonds as well as debentures in the secondary market. By offering competitive rates and technical know-how, YIELD would empower the investors to make the right investment decision. The trades and settlement of transactions executed will be reported on the BSE NDS (new debt segment) platform.

 What is the issue?

• The Haryana State Employment of Local Candidates Bill, 2020 passed earlier was notified recently.
• Here is a look at the government’s rationale for this law, and the constitutional questions such laws would face if challenged in court.

What does the law say?