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Union Minister Narayan Rane launched MSME Innovative Scheme & MSME Idea Hackathon 2022
i.On March 10, 2022, Union Minister Narayan Tatu Rane, Ministry of Micro, Small & Medium Enterprises (M/o MSME) launched the MSME Innovative Scheme (Incubation, Design and IPR) along with the MSME Idea Hackathon 2022.
ii.The scheme is a combination of three existing sub-schemes viz. incubation, design, and Intellectual Property Rights (IPR) for MSMEs.
iii.The M/o MSME launch MSME Idea Hackathon to invite ideas from MSMEs, innovators and students through host institutes from March 10 to March 24, 2022.
About Ministry of Micro, Small & Medium Enterprises (M/o MSME):
Union Minister– Narayan Tatu Rane (Constituency- Rajya Sabha, Maharashtra)
Minister of State (MoS)– Bhanu Pratap Verma (Constituency- Jalaun, Uttar Pradesh)
>> Read Full News
Govt Creates Policy Advocacy Arm for Power and Allied Sectors
The government has set up a society, the Power Foundation, that is registered under the Societies Act, under the Power Ministry that will act as the top policy advocacy arm for the power and allied sectors which will assist states and businesses with cutting edge research along with developing ideas and solutions for India’s energy transition journey.
- The society will be chaired by the Power and New & Renewable Energy Minister RK Singh and the former Power Secretary Sanjiv Nandan Sahai has been appointed as the Director General by a search-cum-selection committee.
About Ministry of Power:
Union Minister – Raj Kumar Singh (Arrah, Bihar)
Minister of state – Krishan Pal (Faridabad, Haryana)
>> Read Full News
Skoch State of Governance Ranking in 2021: Andhra Pradesh Retains Top Rank for the 2nd Consecutive Year
On 10th March 2022 The SKOCH Group, a delhi-based think tank released the SKOCH Governance Report Card for 2021, in New Delhi ranking the states according to their performance in various projects at state, district and municipal level.
- Andhra Pradesh has retained its top position for the 2nd consecutive year and secured 1st in star state category whereas Telangana has showed good improvement by securing 6th position and entered into performer state category.
- The SKOCH State of Governance report also maps the shifting interests of different state governments and provides valuable insights into governance trends and opportunities.
- In 2021, focus has been shifted towards Agriculture, Ease of Doing Business, Finance & Revenue, Power & Energy, Social Justice & Security, Urban Development and Water.
Top five states (Star states):
|2020 (previous year rank)||State||2021 (current year rank)|
About SKOCH Group:
The SKOCH Group companies include SKOCH Consultancy Services Private Limited, SKOCH Media and SKOCH Development Foundation.
Establishment – 1997
Chairman – Sameer Kochhar
>> Read Full News
India’s Virtual Smart Grid Knowledge Centre in Manesar, Haryana inaugurated by Union Minister RK Singh
As a part of Azadi ka Amrit Mahotsav Programme, Union Minister Raj Kumar Singh, Ministry of New & Renewable Energy (MNRE), and Minister of State (MoS) Krishan Pal Gurjar, Ministry of Power (MOP) virtually launched the India’s Virtual Smart Grid Knowledge Center (Virtual SGKC) and Innovation Park.
- The Virtual SGKC is located within the Power Grid Corporation of India Limited (PGCIL)/POWERGRID centre in Manesar (Haryana).
i.It has been conceptualized and developed by the POWERGRID with support from the MOP, and National Smart Grid Mission (NSGM) for demonstration and advancement of frontier smart grid technologies.
ii.The technical assistance is provided by the United States Agency for International Development (USAID).
i.The Virtual SGKC, which will be one of the leading Centers of Excellence globally, has been developed to foster innovation, entrepreneurship and research in smart grid technologies of power distribution sector.
ii.The platform presently hosts more than 50 solutions from over 30 technology partners across 8 thematic areas such as Artificial Intelligence (AI), machine learning, blockchain, etc.
iii.The solutions which are physically present at SGKC premises at Manesar are also hosted on this platform.
- This includes Advanced Metering Infrastructure (AMI), smart homes, microgrids, Outage Management System (OMS), etc.
What is a Smart Grid?
Smart Grid is an Electrical Grid with Automation, Communication and IT (Information Technology) systems that can monitor power flows from points of generation to points of consumption. It can control the power flow or curtail the load to match generation in real time.
Bangladesh, India, Nepal finalized Enabling MoU to Implement BBIN MVA
i.The nations of India, Bangladesh and Nepal finalized an enabling Memorandum of Understanding (MoU) for implementing the Bangladesh-Bhutan-India-Nepal (BBIN) Motor Vehicles Agreement (MVA) during a meeting held in New Delhi (Delhi) on March 7-8, 2022.
ii.This MVA aims to boost regional trade and people-to-people connectivity by fostering greater sub-regional cooperation.
iii.The pending ratification of the MVA by Bhutan was finalized.
About the Ministry of External Affairs(MEA):
Union Minister– Subrahmanyam Jaishankar (Rajya Sabha – Gujarat)
Ministers of State– Vellamvelly Muraleedharan (Rajya sabha – Maharashtra); Meenakshi Lekhi (Constituency- New Delhi, NCT of Delhi); Dr Rajkumar Ranjan Singh (Constituency- Inner Manipur, Manipur)
>> Read Full News
BIS signs MoU with IIT Roorkee for establishment of its first ‘BIS Standardization Chair Professor’
Indian Institute of Technology Roorkee (IIT-R) signs a Memorandum of Understanding (MoU) with the Bureau of Indian Standards (BIS). The agreement establishes the BIS Chair Professor in the field of Standardization and Conformity Assessment.
- This is the first Standardization Chair of BIS in an educational institution and will also provide financial support to IIT-R.
i.The BIS Standardization Chair will work in research and development, teaching and training with regards to Standardization and Conformity Assessment.
ii.It will provide leadership in areas of civil, electrical, mechanical, chemical, earthquake engineering, water resources management, sustainable energy projects, biotechnology in medical sciences etc.
iii.It will also promote the development & Innovation in Indian Standards in course curricula of IIT Roorkee and also facilitate short term courses on standardization in IIT Roorkee.
About Bureau of Indian Standards:
It is a statutory body established under the Bureau of Indian Standards Act, 2016.
Director General-Pramod Kumar Tiwari
Headquarter- New Delhi
Indian Railways’ 1st GCT commissioned in Asansol Division of Eastern Railway
Under the Prime Minister’s GatiShakti initiative,and the Ministry of Railways policy on ‘Gati Shakti Multi-Modal Cargo Terminal’ (GCT) , the Asansol Division of Eastern Railway commissioned private siding of Maithan Power at Thaparnagar, Jharkhand.
- This is the first such GCT commissioned by Indian Railways since publication of GCT policy in December 2021.
i.In 2009 the Maithan Power Project was started in Jharkhand and the power generation was started in 2011.
- Till now the requirement of coal to the power project was being made through a road which is expected to convert into 120 inward coal rakes per month.
ii.The new power project will increase the earnings of Indian Railways upto Rs 11 crore per month.
About Prime Minister’s GatiShakti:
i.Prime Minister (PM) Narendra Modi launched the GatiShakti initiative in 2021.
ii.It is Rs. 100 lakh crore ‘National Master Plan for Multi-Modal Connectivity’ project.
iii.Gati Shakti is a digital platform collaborating 16 Central Ministries and Departments to implement infrastructure connectivity projects.
About Ministry of Railways:
Union Minister– Ashwini Vaishnaw (Rajya Sabha- Odisha)
Minister of State- Shri Raosaheb Patil Danve(Constituency- Jalna, Maharashtra) & Darshana Jardosh(Constituency- Surat, Gujarat)
AIM, NITI Aayog & KidEx Partners to Leverage IKIGAI to Host AIM’s flagship Programs
Atal Innovation Mission (AIM), an initiative under NITI Aayog (National Institution for Transforming India), has partnered with KidEx Venture Private Limited(KidEx) to leverage KidEx’s IKIGAI, a technology platform to host AIM’s flagship programs like “Tinkerpreneur”, “ATL Marathon” and other similar Atal Tinkering Labs (ATL) related challenges.
The programs will be available to more than 1 Crore school students on the AIM network across India.
- The technology platform of KidEx, has been evaluated over the last 1 year, during which more than 1 lakh students from around 1500 schools have used the platform and found it convenient & engaging resulting in a Net Promoter Score of more than 85%.
Note: KidEx is a Startup India recognized company, started by alumni of Indian Institute of Technology (IIT) Kharagpur & Indian Institutes of Management (IIM) Calcutta.
Features of the Partnership:
i.Under this partnership, AIM and KidEx will outreach more than 10 lakhs young learners and enable them to get exposure to the AIM proprietary programs on Innovation and Entrepreneurship in a timeframe of 2 years.
ii.Under this partnership, KidEx will provide an enhanced experience for our innovators, teachers and mentors.
iii.The smart and intuitive technology solutions of KidEx will augment the innovation experience for ATLs.
iv.KidEx will be adopting 100 schools under the ATL initiative and provide free licenses for KidEx’s flagship products for implementation of National Education Policy (NEP) 2020.
- The flagship products of KidEx, launched in 2020, aims to enable the holistic development of children through experiential learning of age-appropriate activities and the discovery of the innate potential of children.
Events under the partnership:
i.The first engagement of the partnership will be held on 1st May 2022, with AIM Bootcamp, ATL Tinkerpreneur for students of more than 9600 schools.
ii.The 9-week virtual Bootcamp will equip students with 21st century digital and entrepreneurship skills.
iii.The event is available for free for students of ATL network schools in classes 6 to 12.
ISRO will select 150 students for its YUVIKA Programme
A special programme for school students “YUva VIgyani KAryakram” (YUVIKA) or “Young Scientist Programme” is organized by the Indian Space Research Organisation (ISRO). It will provide basic knowledge related to space technology, space science and space applications to young students, especially rural areas students.
To create awareness about the emerging trends in science and technology amongst the young minds.
i.Under the YUVIKA-2022 residential programme, 150 students who are studying in Class IX as on March 1, 2022 will get selected across India from different schools. ISRO outlined the programme to “catch them young”.
ii.It will start from May 16 2022 to May 28 2022 (two weeks) and the program include talks, experience-sharing by eminent scientists, experimental demonstration, facility and lab visits etc.
iii.It will also encourage more students to pursue Science, Technology, Engineering and Mathematics (STEM) based research /career.
The programme will be held at five ISRO centres —
- Vikram Sarabhai Space Centre (VSSC), Thiruvananthapuram
- U R Rao Satellite Centre (URSC), Bengaluru
- Space Application Centre (SAC), Ahmedabad
- National Remote Sensing Centre (NRSC), Hyderabad
- North-East Space Application Centre (NE-SAC), Shillong. PTI RS HDA HDA
About Indian Space Research Organisation (ISRO):
Chairman- S. Somanath
NW2 & NW1 Connected via IBP Route: India Completes 1st Voyage, MV Lal Bahadur Shastri with Foodgrains from Patna docks at Pandu
On 6th March 2022, Sarbananda Sonowal, Union Minister of Ports, Shipping & Waterways and Himanta Biswa Sarma, Chief Minister(CM) of Assam received the self-propelled vessel MV Lal Bahadur Shastri, carrying a total of 200 MT of food grains for the Food Corporation of India (FCI), which completed the maiden pilot run from Patna to Pandu via Bangladesh, in Guwahati, Assam.
- Route of the maiden voyage: The MV Lal Bahadur Shastri set sail from Patna on National Waterway-1(NW1) (river Ganga) and passed through Bhagalpur, Manihari, Sahibganj, Farakka, Tribeni, Kolkata, Haldia, Hemnagar; Indo Bangladesh Protocol (IBP) Route through Khulna, Narayanganj, Sirajganj, Chilmari and National.
Chief Minister of Assam, Dr Himanta Biswa Sarma and MP of Lok Sabha for Guwahati, Queen Oja joined the celebration along with Sanjay Bandopadhyay, Chairma, Inland Waterways Authority of India (IWAI).
About Inland Waterways Authority of India (IWAI):
IWAI under the Ministry of Ports, Shipping and Waterways, was established in the year 1986.
Chairman– Sanjay Bandopadhyaya
Headquarters– Noida, Uttar Pradesh
>> Read Full News
TPL Becomes the World’s First LAB Manufacturing company with BIS Certification
Tamilnadu Petroproducts Ltd. (TPL) became World’s first linear alkylbenzene (LAB) manufacturing company to receive the Bureau of Indian Standards (BIS) certification from the Department of Chemicals & Petrochemicals, Ministry of Chemicals and Fertilizers.
- The certificate is in line with the requirements of the Linear Alkyl Benzene (Quality Control) Order, 2021.
- With the BIS certification (BIS 12795:2020), TPL became the only authorized seller of LAB in the Indian market.
i.The TPL is India’s largest manufacturer of LAB and the only producer in South India.
ii.LAB has application in the production of biodegradable detergent, making it a sustainable alternative to current detergent compositions.
- Its ‘Superlab’ brand is among the most trusted LAB brands in the country today.
- TPL is a part of the petrochemicals division of Singapore-based AM International
About Tamilnadu Petroproducts Ltd. (TPL):
Tamilnadu Petroproducts Limited (TPL), a part of the Singapore-based AM International, is a leading manufacturer of industrial intermediate chemicals.
Chairman- S. Krishnan
Headquarters- Chennai, Tamilnadu
DefExpo 2022 Postponed Due to Logistics Problems
The 12th edition of DefExpo-2022 , Naval & Homeland Security Systems Exhibition, India’s flagship defence exhibition, which was proposed to be held in Gandhinagar, Gujarat from 10th to 14th March 2022, has been postponed.The reason for the postpone is the logistics problems experienced by participants, and the new dates will be announced later.
The Defence Exhibition Organisation (DEO), under the Ministry of Defence, is the organiser of the exhibition.
The theme of DefExpo 2022 is “India-The Emerging Defence Manufacturing Hub”.
- A bilateral military industry conference with Russia and an African defence ministers conclave were planned for the event. More than 900 companies from 55 nations have confirmed their participation in DefExpo 2022.
BANKING & FINANCE
Karnataka Bank Signs MoU with SELCO Solar to Provide Energy Access
Karnataka Bank Limited has signed a memorandum of understanding (MoU) with SELCO Solar Light Private Limited to provide energy access to the underserved population.
About the MoU:
i.Karnataka Bank will provide financial support through loans with a competitive interest rate for installing SELCO Solar energy products for both household and commercial use.
- It provides financial support to individuals/Hindu Undivided Family (HUF)/Farmers, Traders, Businessmen, Proprietorship concerns, Professionals, Salaried Persons, Institutions etc,. to purchase the solar energy products of SELCO Solar Light in India.
ii.The partnership also promotes the use of renewable energy (RE) products which in turn increases the usage of solar energy by reducing carbon emissions.
About Karnataka Bank Limited:
Establishment – 1924
Headquarters – Mangalore, Karnataka
Managing Director (MD) & CEO – Mahabaleshwara MS
About SELCO Solar Light Private Limited:
SELCO Solar Light has been engaged in the business of designing, assembling, selling and servicing of solar energy products for the last 27 years with the main objective of providing energy access to the underserved population.
Establishment – 1995
Headquarters – Bangalore, Karnataka
CEO – Mohan Bhaskar Hegde
ECONOMY & BUSINESS
CRISIL Retains India’s GDP Growth at 7.8% in FY23
CRISIL Ratings Limited, a domestic rating agency and a subsidiary of CRISIL Limited has reiterated its december 2021 forecast of India’s Gross Domestic Product (GDP) at 7.8% for FY23 despite the Russia-Ukraine war.
i.The war is pushing the oil and commodity prices upwards which affects global growth and also India’s growth. The Brent crude has been traded as high as USD 139 per barrel and as low as USD 105 per barrel recently.
ii.CRISIL also highlighted that the average Consumer Price Index (CPI) based inflation will be at 5.4% in FY23 if the price of crude oil averages USD 85-90per barrel.
iii.The higher price of crude oil will widen India’s Current Account Deficit (CAD) to 2.2 % in FY23 (i.e.) $10 increase in prices of crude oil increases the CAD to GDP ratio by about 40 basis points.
Additional Info- Morgan Stanley has lowered its GDP growth forecast for India by 50 basis points to 7.9 per cent for FY23 and has raised the CPI inflation forecast to 6 per cent.
About CRISIL ratings Limited:
Establishment – 1987
Headquarters – Mumbai, Maharashtra
Managing Director (MD) – Gurpreet Chhatwal
AWARDS & RECOGNITIONS
MoRD Honoured J&K Bank with National Award for SHG Bank Linkage
Giriraj Singh, Union Minister of Rural Development, honoured the Jammu and Kashmir Bank (J&K Bank) with the“National Award for Outstanding Performance for FY 2020-21” in recognition of its best performance in Self-Help Group Bank Linkage.
- Kirti Sharma, Zonal Head, Delhi, J & K Bank, accepted the award on the bank’s behalf from Union Minister Giriraj Singh.
- The award was presented during the event organised as a part of International Women’s Day (8th March 2022) at Vigyan Bhavan, New Delhi, Delhi.
J&K bank Commissions 4 Business Units:
In line with the Bank’s commitment to extend banking facilities and financial services into the under-banked areas of Jammu and Kashmir, J&K Bank has commissioned 4 Business Units (BUs) in the region.
- Baldev Prakash, Managing Director(MD) and Chief Execuitve Officer(CEO) of J&K Bank, inaugurated Business Unit Pattan Village in Baramulla.
- He also virtually inaugurated the business units Model Town Sopore, Bakura Ganderbal, and Narakara Budgam.
These BUs will be resourced and equipped to provide the best financial services and state-of-the-art banking facilities to the people.
About Jammu and Kashmir Bank (J&K Bank):
J&K Bank is a Scheduled Commercial Bank and one of the oldest private sector Bank in India, incorporated in 1938.
MD&CEO- Baldev Prakash
Headquarters– Srinagar, Jammu & Kashmir(J&K)
Tagline– Serving to Empower
6 Indian Airports Won the ACI World’s ASQ Awards 2021 – Best Airports by Size & Region
Airports Council International(ACI) World has honoured Six Indian Airports with the Airport Service Quality (ASQ) Awards 2021 under the Asia Pacific Category. The 6 airports were adjudged as the Best Airports by Size and Region based on data from ASQ’s Departures and Arrivals Surveys.
- The Chandigarh Airport (Chandigarh) has been adjudged as the Best Hygiene Measures by Region under the Asia Pacific Category.
- The ASQ Awards were presented by ACI World in partnership with global travel technology company Amadeus.
About Airports Council International (ACI) World:
Director General– Luis Felipe de Oliveira
Headquarters– Montréal, Québec, Canada
>> Read Full News
APPOINTMENTS & RESIGNATIONS
Former Finance & Revenue Secretary AB Pandey appointed as NFRA Chairperson
The Government of India (GoI) has appointed Ajay Bhushan Pandey, former Finance & Revenue secretary of India, Ministry of Finance, as new Chairperson of the National Financial Reporting Authority (NFRA).
i.The Appointments Committee of the Cabinet (ACC) has approved his appointment for a period of three years from the date of assumption of charge or till he attains the age of 65 years.
ii.The ACC has also appointed 2 full-time members for NFRA,
- Praveen Kumar Tiwari, former Deputy Comptroller and Auditor General, a retired Indian Audit and Accounts Service official.
- Smita Jhingran, Principal Director General at Central Board of Direct Taxes, an Indian Revenue Service officer.
About Ajay Bhushan Pandey:
i.He was the Finance Secretary, Ministry of Finance, Government of India from March 2020 – February 2021.
ii.He was the Revenue Secretary, Ministry of Finance, Government of India from November 2018 – February 2021.
iii. Prior to becoming the Finance & Revenue Secretary of India, he was acting as the Chief Executive Officer (CEO) of Unique Identification Authority of India (UIDAI) from September 2015 – October 2019.
iv.As Finance Secretary of India and CEO of UIDAI, he was credited with executing three major reforms in India – Aadhaar, GST, and Direct Tax reforms.
v.After retirement he headed a three-member committee constituted by the Ministry of Social Justice and Empowerment (MoSJ&E) to review the criteria for Economically Weaker Section (EWS) reservations.
About the National Financial Reporting Authority (NFRA):
An independent regulatory body set up by the Government of India as envisaged under the provisions of Section 132, Companies Act, 2013 to oversee the quality of accounting and auditing standards in India.
- Establishment – 01st October, 2018
- Present Chairperson – Ashok Kumar Gupta, Chairperson of Competition Commission of India (CCI) – given additional charge as Chairperson to NFRA in October 2021, till a new appointment to the post is made.
ACQUISITIONS & MERGERS
UCO Bank becomes a stakeholder of IDRCL
On March 9, 2022 – the UCO Bank became one of the stakeholders of India Debt Resolution Company Limited (IDRCL) by acquiring 3% of stake.According to the bank, its holding of 3% in IDRCL amounts to Rs.1.50 crores, requires no approval and the agreement is in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- The acquisition will be completed within 10 working days from the date of agreement.
- Post investment, UCO Bank will hold up to 3% of equity shares in IDRCL.
About UCO Bank
- MD & CEO – Shri Soma Sankara Prasad
- Founded in – 1943
- Headquarters – Kolkata, West Bengal
About India Debt Resolution Company Limited (IDRCL):
IDRCL is a service company/operational entity which will manage the asset and engage market professionals and turnaround experts.Public Sector Banks (PSBs) and Public FIs will hold a maximum of 49% stake and the rest will be with private sector lenders.
i.The Government of India (GoI) suggested setting up a Public Sector Asset Rehabilitation Agency (PARA) in the Economic Survey 2016-17 in view of rising Non-Performing Assets (NPAs) in banks and declining credit growth.
ii.The Public Sector Enterprises can transfer their stressed assets to the agency clearing up their books.Following this, the Finance Minister of India, Nirmala Sitharaman proposed for the formation of Bad Bank in her Budget Speech on 1st February 2021.
iii.In compliance with that, the debt management companies – National Asset Reconstruction Company Limited (NARCL) was incorporated on 07 July 2021 and India Debt Resolution Company Limited (IDRCL) was incorporated on 03 September 2021.
Note: A ‘Bad Bank’ is a bank that buys the bad loans of other lenders and financial institutions to help clear their balance sheets.
Indian Shooters Topped The ISSF World Cup 2022 Cairo With The Total Of 7 Medals
The International Shooting Sport Federation (ISSF) World cup 2022 ‘Rifle and pistol’ took place at Cairo, Egypt, from 26 february 2022 till 8 March 2022. Indian shooters have topped the medals tally with a total of 7 medals.
- India Led the medal tally with 7 medals including 4 gold, 2 silver, 1 bronze.Norway Secured the Second position and France secured the third.
|India’s Medal Tally in ISSF World Cup 2022|
|Gold||Women’s Team||25metre (m) pistol||Rahi Sarnobat, Esha Singh and Rhythm Sangwan|
|Gold||Men’s Individual||10m air pistol||Saurabh Chaudhary|
|Gold||Women’s Team||10m air pistol team||Esha Singh, Nivetha Paramanantham, Ruchira Vinerkar|
|Gold||Mixed Team||25m rapid fire pistol||Rhythm Sangwan and Anish Bhanwala|
|Silver||Women’s Individual||10m air pistol||Esha Singh|
|Silver||Men’s Team||25m rapid fire pistol||Gurpreet Singh, Anish Bhanwala and Bhavesh Shekhawat|
|Bronze||Mixed Team||50m rifle 3 positions||Shriyanka Sadangi and Akhil Sheoran|
About International Shooting Sport Federation (ISSF):
President – Vladimir Lisin
Secretary General – Alexander Ratner
Headquarters – Munich, Germany
Indian Fast-Bowler Sreesanth Retires From Indian Domestic (First class and All formats) Cricket
Indian fast bowler, Shanthakumaran Nair Sreesanth has retired from Indian domestic (first class and all formats) cricket. Being born in Kerala, Sreesanth has represented India in 27 – International (Intl) Tests, 53 – One Day Internationals (ODI) and 10 – Twenty20 Internationals (T20I) and secured a total of 169 Intl wickets. Sreesanth was also on the winning sides of 2007 T20I World Cup and 2011 International Cricket Council (ICC) Cricket World Cup.
i.Sreesanth is the first fast bowler from Kerala to take a Hat-Trick in Ranji Trophy games 2004-05.
ii.He has also played for Kings XI Punjab, Kochi Tuskers Kerala and Rajasthan Royals in Indian Premier League (IPL).
BOOKS & AUTHORS
Labour Ministry Launches e-Book of NCS Project; Bhupendra Yadav releases Book titled ‘Role of Labour in India’s Development’
Dr Shashank Goel, Additional Secretary/Director General of Employment, Ministry of Labour and Employment(MoLE) launched an e-Book touching upon the journey of National Career Service (NCS) at Shram Shakti Bhawan, New Delhi, Delhi.
- The e-book was launched during the Iconic Week celebration held from 7th to 13th March 2022 as a part of the ‘Azadi ka Amrit Mahotsav’.
- The e-book provides a glimpse of major achievements and success stories of the NCS portal since its inception in 2015.
About National Career Service (NCS):
i.National Career Service (NCS) is a flagship programme of the Ministry of Labour and Employment implemented as a Mission Mode Project for the transformation of the National Employment Service to provide a variety of employment-related services like job matching, career counselling, vocational guidance, information on skill development courses, internships etc.
ii.3 aspects of NCS are,
- NCS portal – One Stop destination for Relevant Job.
- Career Centers – Hubs of career-related services.
- Call Center – Toll-free number for queries (1800-425-1514).
i.The NCS portal was launched by Prime Minister(PM) Narendra Modi on 20th July 2015 to provide employment-related services digitally
ii.The scope of the portal is expanding to provide more and more services to the youth.
Under the NCS project, more than 94 lakh vacancies have been mobilised on the NCS Portal and more than 2 lakh Jobseekers have got jobs through job fairs organised under the NCS Project.
Labour Minister Bhupendra Yadav Releases Book Titled ‘Role of Labour in India’s Development’
Bhupender Yadav, Union Minister for Labour and Employment, released a book titled “Role of Labour in India’s Development” in New Delhi, Delhi. The book is published by the V V Giri National Labour Institute(VVGNLI), an autonomous body of the MoLE, as a part of the ‘Iconic Week’ of the ‘Azadi Ka Amrit Mahotsav’.
- The book features 12 articles written by eminent academicians and practitioners on the contribution of labour in the development journey of India.
Justice Vipin Sanghi named Acting Chief Justice of Delhi HC
The President of India has appointed Justice Vipin Sanghi, the senior-most Judge of the Delhi High Court (HC) as its Acting Chief Justice according to Article 223 of the Constitution of India.The Department of Justice, Ministry of Law and Justice (MoL&J) issued a notification about his appointment on March 11, 2022.
- The incumbent Chief Justice of Delhi HC, Justice Dhirubhai Naranbhai Patel retires on his 62nd birthday i.e March 12, 2022.
- Justice Vipin Sanghi will perform the duties of the office of the Chief Justice of Delhi High Court with effect from March 13, 2022.
- He was appointed as an Additional Judge of the Delhi High Court on May 29, 2006 and was confirmed as a Permanent Judge on February 11, 2008.
Note: Article 223 of the Indian Constitution: “Appointment of Acting Chief Justice”
- When the office of Chief Justice of a High Court is vacant or when any such Chief Justice is, by reason of absence or otherwise, unable to perform the duties of his office, the duties of the office shall be performed by such one of the other Judges of the Court as the President may appoint for the purpose.
About Appointment of Chief Justices of High Courts:
i.The Chief Justices of High Courts, other than the High Court of Delhi are appointed by the President of India, as provided under Article 217 of the Constitution, in consultation with the Chief Justice of India and the Governor of the State.
ii.The Chief Justice of the High Court of Delhi is appointed by the President of India, in consultation with the Chief Justice of India.
iii.The retirement age of High Court (HC) Judges is 62 years, whereas the retirement age of Supreme Court (SC) Judges is 65 years in India.
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Current Affairs Today (AffairsCloud Today)
|S.no||Current Affairs 12 March 2022|
|1||Union Minister Narayan Rane launched MSME Innovative Scheme & MSME Idea Hackathon 2022|
|2||Govt Creates Policy Advocacy Arm for Power and Allied Sectors|
|3||Skoch State of Governance Ranking in 2021: Andhra Pradesh Retains Top Rank for the 2nd Consecutive Year|
|4||India’s Virtual Smart Grid Knowledge Centre in Manesar, Haryana inaugurated by Union Minister RK Singh|
|5||Bangladesh, India, Nepal finalized Enabling MoU to Implement BBIN MVA|
|6||BIS signs MoU with IIT Roorkee for establishment of its first ‘BIS Standardization Chair Professor’|
|7||Indian Railways’ 1st GCT commissioned in Asansol Division of Eastern Railway|
|8||AIM, NITI Aayog & KidEx Partners to Leverage IKIGAI to Host AIM’s flagship Programs|
|9||ISRO will select 150 students for its YUVIKA Programme|
|10||NW2 & NW1 Connected via IBP Route: India Completes 1st Voyage, MV Lal Bahadur Shastri with Foodgrains from Patna docks at Pandu|
|11||TPL Becomes the World’s First LAB Manufacturing company with BIS Certification|
|12||DefExpo 2022 Postponed Due to Logistics Problems|
|13||Karnataka Bank Signs MoU with SELCO Solar to Provide Energy Access|
|14||CRISIL Retains India’s GDP Growth at 7.8% in FY23: CRISIL Report|
|15||MoRD Honoured J&K Bank with National Award for SHG Bank Linkage|
|16||6 Indian Airports Won the ACI World’s ASQ Awards 2021 – Best Airports by Size & Region|
|17||Former Finance & Revenue Secretary AB Pandey appointed as NFRA Chairperson|
|18||UCO Bank becomes a stakeholder of IDRCL|
|19||Indian Shooters Topped The ISSF World Cup 2022 Cairo With The Total Of 7 Medals|
|20||Indian Fast-Bowler Sreesanth Retires From Indian Domestic (First class and All formats) Cricket|
|21||Labour Ministry Launches e-Book of NCS Project; Bhupendra Yadav releases Book titled ‘Role of Labour in India’s Development’|
|22||Justice Vipin Sanghi named Acting Chief Justice of Delhi HC|