Context: RBI Governor Shaktikanta Das advocates for a specified framework for the group insolvency mechanism and a vibrant market for stressed assets in India to enhance the functionality of the Insolvency and Bankruptcy Code (IBC).
News:
Need of insolvency mechanism:
Insolvency
It is a state of financial distress in which a person or business is unable to pay their debts. Insolvency is when liabilities are greater than the value of the company, or when a debtor cannot pay the debts they owe.
Context: The National Mission for Clean Ganga (NMCG), has assumed new powers under which it may now permit the discharge of treated sewage and effluent that conforms to the prescribed “norms” into the river, canal or water bodies.
News:
The National Mission for Clean Ganga
Context: A petitioner seeking a kidney transplant died waiting for permissions to come through. While there are stringent rules for organ transplantation, the court has said that timelines must be followed in the true spirit of the transplant law.
Background:
The Transplantation of Human Organs and Tissues Act, 1994
Authorisation Committee
2014 rules
Recent ruling of the court
Logistics Performance Index (LPI)
Issues in India:
Steps taken by India:
Despite challenges, there is a trend of improvement in India's logistics performance, driven by national and state-level initiatives.
Solutions:
To enhance water security and strengthen food systems in India, key recommendations include scaling up improved on-farm irrigation and water practices.
Scaling up improved on-farm irrigation and water practices
Integration of food, land, water, and energy policies
Scaling up community-managed groundwater practices
Context: Recently, the Union Minister laid the foundation stone for the Modernisation of Paradip Fishing Harbour.
News:
Paradip Port:
Modernisation Goals:
The modernisation endeavor aims to enhance hygiene, aesthetics, and crucial infrastructure facilities while incorporating mechanized processes for fish handling.
About Pradhan Mantri Matsya Sampada Yojana (PMMSY):
PMMSY is a strategic scheme fostering the Blue Revolution by addressing critical gaps in the fisheries value chain, spanning fish production, productivity, quality, technology, post-harvest infrastructure, and marketing.
It operates under the umbrella of two distinct components: the Central Sector Scheme (CS) and the Centrally Sponsored Scheme (CSS).
Objectives of PMMSY:
Government Initiatives for Port Infrastructure Development in India:
Sagarmala Project:
This initiative champions port-led development by harnessing India's coastline, navigable waterways, and strategic positioning on crucial international maritime trade routes. Major ports, managed by the Union Ministry of Shipping, handle international trade, while minor ports, under state government management, focus on coastal and fishing trade.
Project UNNATI:
Aiming to benchmark the operational and financial performance of the 12 major ports against selected Indian private ports and international counterparts, Project UNNATI identifies areas for improvement.
Passage of Major Port Authorities Act 2021:
This legislative act endeavors to decentralize decision-making processes, reinforcing excellence in governance across major ports.
SAROD-Ports:
The SAROD-Ports initiative concentrates on facilitating dispute resolution through arbitrations within the maritime sector, encompassing both ports and shipping.
NASA has re-established contact with its Ingenuity helicopter on Mars, the US space agency said recently.
Ingenuity Mars Helicopter
On April 19, it became the first aircraft in history to make a powered, controlled flight on another planet.
It’s piloted by onboard guidance, navigation, and control systems running algorithms.Perseverance acts as a relay between the chopper and the earth.
Perseverance Rover
Converts heat from the radioactive decay of plutonium into electricity.
Rs 17,490 crore has been set aside for the Strategic Interventions for Green Hydrogen Transition (SIGHT) programme, to bolster domestic electrolyser manufacturing, green hydrogen production.
About Strategic Interventions for Green Hydrogen Transition (SIGHT) Programme
It is a subcomponent of National Green Hydrogen Mission.
Aim: To bolster domestic electrolyser manufacturing and green hydrogen production.
National Green Hydrogen Mission?
Green Hydrogen
Solar Energy Corporation of India (SECI)?
SECI was set up in 2011 to facilitate the implementation of the National Solar Mission (NSM) and to achieve the targets set forth by it. SECI was initially incorporated as a section 25 company (Not-for-profit) under the Companies Act, 1956.
Recently, the Indian Immunologicals Ltd (IIL) a wholly owned subsidiary of National Dairy Development Board (NDDB) launched India’s first indigenously developed Hepatitis A vaccine ‘Havisure’ in Hyderabad.
About Havisure vaccine
Hepatitis A
India and Iran are set to hold talks to establish "long-term cooperation framework" on Chabahar port.
Chabahar Port |
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Why Chabahar port is crucial to India?
INSTC is a multi-modal transportation project linking the Indian Ocean and Persian Gulf to the Caspian Sea via Iran, and onward to northern Europe via St Petersburg in Russia.
Gwadar port is located in Pakistan and is less than 400 km from Chabahar by road and 100 km by sea.
Why there is delay in the development of Chabahar port by India?
Biswanath Ghat is also known for its ghat, island, and temple built by the Ahom king.
The scientists created ReTro using a slightly modified version to create Dolly the Sheep and other mammals like the long-tailed macaque, which was the first primate to be cloned.
The event celebrated India's status as the world's third-largest domestic aviation market.
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We provide offline, online and recorded lectures in the same amount.
Every aspirant is unique and the mentoring is customised according to the strengths and weaknesses of the aspirant.
In every Lecture. Director Sir will provide conceptual understanding with around 800 Mindmaps.
We provide you the best and Comprehensive content which comes directly or indirectly in UPSC Exam.