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NATIONAL AFFAIRS
State Visit of H.E.Pham Minh Chinh, PM of Viet Nam to India from 30 July- 01 August, 2024
The Prime Minister(PM) of Vietnam H.E. Pham Minh Chinh paid a State Visit to India from 30 July to 1 August 2024, at the invitation of Narendra Modi PM of India to deepen comprehensive strategic partnership and enhance cooperation between the two countries.
- This is the first visit of a Vietnamese leader to India after India and Vietnam established their comprehensive strategic partnership in September 2016. This was the fifth meeting between the two PMs in the last few years. This visit resulted in the signing of various agreements, MoUs and other strategic developments.
- India and Vietnam agreed on a new plan of action, which will be implemented over the next five years (2024-2028) to strengthening bilateral trade and economic cooperation.
- In a sign of their growing strategic partnership, India has extended two Lines of Credit (LoC) amounting to USD 300 million to Vietnam to bolster the country’s maritime security.
About Viet Nam:
Prime Minister(PM) – Pham Minh Chinh
President – To Lam
Capital – Hanoi
Currency –Vietnamese dong
>> Read Full News
CCEA Approves 8 High-Speed Road Corridors across India at Rs 50,655 Cr
The Cabinet Committee on Economic Affairs (CCEA) chaired by the Prime Minister (PM) Narendra Modi has approved 8 National High-Speed Road Corridor projects with a length of 936 kilometers (km) for Rs. 50,655 crore across India.
i.The 8 National High-Speed Road Corridor projects are:
- 6-lane Agra(Uttar Pradesh – UP)-Gwalior(Madhya Pradesh – MP);
- 4-lane Kharagpur-Moregram(West Bengal – WB);
- 6-lane Tharad-Deesa-Mehsana-Ahmedabad(Gujarat);
- 4-lane Ayodhya Ring Road (UP);
- 4-lane Section between Pathalgaon and Gumla of Raipur (Chhattisgarh)-Ranchi (Jharkhand);
- 6-Lane Kanpur Ring Road (UP);
- 4-Lane Northern Guwahati Bypass and Widening/Improvement of Existing Guwahati Bypass (Assam), and
- 8-Lane Elevated Nashik Phata-Khed Corridor near Pune (Maharashtra).
ii.The Union Cabinet has approved a series of significant amendments to banking laws, including the increase in the number of nominees per deposit account up to 4, and the introduction of “successive and simultaneous” nominations to allow joint account holders and the heirs to access funds after an account holder’s death.
About the Cabinet Committee on Economic Affairs (CCEA):
The CCEA established in 1990 is responsible for high-level economic decision-making.
Chairperson– Prime Minister Narendra Modi
Headquarters– New Delhi, Delhi
>> Read Full News
PM Narendra Modi inaugurated 32nd ICAE in New Delhi
On 3rd August 2024, Narendra Modi, Prime Minister(PM) of India inaugurated the 32nd International Conference of Agricultural Economists (ICAE 2024) at the National Agricultural Science Centre (NASC) Complex in New Delhi, Delhi.
- The triennial conference is taking place in India after 65 years. The conference is set to culminate on 7th August 2024.
Note: India previously hosted the conference in 1958 in Mysore (now Mysuru), Karnataka.
Key People: Union Minister Shivraj Singh Chauhan, Ministry of Agriculture and Farmers Welfare (MoAFW); Conference President Prof. Matin Qaim, Director General (DG) of ICAR Dr. Himanshu Pathak were present during the event.
About ICAE 2024:
Theme:
The theme of ICAE 2024 is “Transformation Towards Sustainable Agri-Food Systems”. The theme highlights the need for sustainable agriculture amidst global challenges like climate change, resource degradation, rising production costs, and conflicts.
Organiser:
i.ICAE 2024 is organised by the International Association of Agricultural Economists(IAAE), Toronto(Ontario).
ii.The Co-organisers of the conference are the Agricultural Economics Research Association (AERA) (India), the Indian Society of Agricultural Economics (ISAE), the Indira Gandhi Institute of Development Research (IGIDR), the Indian Council of Agricultural Research (ICAR), and the International Food Policy Research Institute (IFPRI).
Key Points:
i.ICAE showcases India’s proactive stance on global agricultural issues and highlights its advancements in agriculture.
ii.The event aims to provide a platform for young researchers and leading professionals to present their work and engage with international peers.
iii.The conference seeks to strengthen partnerships between research institutes and universities, influence policy-making at national and global levels, and emphasize India’s progress in digital agriculture and sustainable agri-food systems.
iv.Dr. Tharcisse Guedegbe received the Carl K. Eicher Award at ICAE 2024 for the best agricultural economics dissertation on topics related to African development.
Participants: Approximately 1,000 delegates from around 75 countries are expected to attend, featuring presentations, discussions, and networking opportunities.
About ICAE:
i.The conference aims to provide a platform for agricultural academic institutions and researchers to meet and exchange knowledge and contribute to the global agricultural research community
ii.The 1st Edition of ICAE was held in Dartington Hall, Devon, England, in August 1929.
iii.The 31st ICAE was organized in 2021 in virtual format amid COVID-19 pandemic.
Union Home Minister Amit Shah Launched 4 Apps for 3 New Criminal Laws in Chandigarh
On 4th August 2024, Union Minister Amit Shah, Ministry of Home Affairs (MoHA) and Ministry of Cooperation (MoC) has launched 4 Applications(Apps) namely, e-Sakshya, Nyaya Setu, Nyaya Shruti and e-Summon for the 3 new criminal laws in Chandigarh. These apps were developed by National Informatics Centre (NIC), New Delhi(Delhi).
- The 3 new criminal laws – Bharatiya Nyaya Sanhita (BNS), Bharatiya Nyaya Suraksha Sanhita (BNSS) and Bharatiya Sakshya Adhiniyam (BSA) which came into effect on 1st July, 2024, has repealed the British-era laws, the Indian Penal Code (IPC), 1860; the Criminal Procedure Code (CrPc), 1973 and the Indian Evidence Act (IEA), 1872 respectively.
Note: Chandigarh will be the 1st administrative unit in the country, where complete implementation of all 3 new criminal laws will be completed in the next 2 months.
Key Dignitaries: Gulab Chand Kataria, Governor of Punjab and Administrator; and Ajay Kumar Bhalla, Secretary, MoHA.
About New Apps:
i.e-Sakshya app is a mobile based application which will enable the police to save all videography, photography and testimonies in a criminal case on a cloud-based e-evidence server, which will also be available in the courts immediately.
ii.Nyaya Shruti app will facilitate judicial hearings through electronic medium like: video conferencing and onboarding of documents, has also been shared with all states or Union Territories (UTs) and e-committee of the Supreme Court(SC) for implementation by the courts.
iii.Nyaya Setu will provide a unified legal interface for legal information, legal advice and legal assistance and thus enable a more inclusive and just society.
- This interface has interlinked police, medical, forensic, prosecution and prisons, which will provide police with all the information related to the investigation in just one click.
iv.e-summon app will facilitate delivery of court summons electronically i.e. from the court to police station and also to the person to whom summons is to be sent.
Key Points:
i.Union Minister Amit Shah mentioned that after the 100% implementation of 3 new criminal laws, India will have the most modern and technology-enabled criminal justice system in the world.
- These laws are equipped with modern technology which will cater the requirements of the next 50 years.
ii.Currently, forensic universities are functioning in 8 states across the country and forensic experts have started to be made available.
- Union Minister Amit Shah informed that forensic universities will be opened in 8 more states, which will provide 36,000 forensic experts annually.
About Ministry of Home Affairs (MoHA):
Union Minister- Amit Shah (Lok Sabha constituency- Gandhinagar, Gujarat)
Minister of State (MoS)- Nityanand Rai (Lok Sabha constituency- Ujiarpur, Bihar); Bandi Sanjay Kumar (Lok Sabha constituency- Karimnagar, Telangana)
Govt Extends Deadline for Meeting MSP Norms for CPSEs Until August 2026
The government has extended the deadline for the Central Public Sector Enterprises (CPSEs), Public Sector Banks (PSBs), and Financial Institutions (FIs) to adhere to the Minimum Public Shareholding (MPS) norms until August 2026. This extension allows CPSEs, PSBs, and FIs to increase their public shareholding to at least 25% by 1 August 2026.
- The Ministry of Finance (MoF) issued a memorandum granting this exemption in the public interest. As per the earlier order, the two-year exemption was to end on August 1, 2024.
- The Securities and Exchange Board of India (SEBI) is tasked with taking necessary actions and informing relevant stock exchanges about the extension.
Note: The decision follows Rule 19A(6) of the Securities Contract (Regulation) Rules, 1957 of the SEBI.
Public Sector Lenders’ Compliance:
i.As per the SEBI, all listed companies, including the state-owned companies, must maintain an MPS of 25% for continuous listing.
ii.5 public sector lenders, including Bank of Maharashtra(BoM), Indian Overseas Bank (IOB), United Commercial Bank(UCO Bank), Central Bank of India(CBI), and Punjab and Sind Bank(P&S bank), plan to reduce government stakes to less than 75% to comply with the MPS norm of the SEBI.
iii.Currently, their government holdings are:
- Delhi-based P&S Bank is at 98.25%
- Chennai (Tamil Nadu)-based IOB is at 96.38%
- Kolkata (West Bengal)-based UCO Bank is at 95.39%
- Mumbai (Maharashtra)-based CBI is at 93.08%
- Pune (Maharashtra)-based BoM is at 86.46%
iv.As of March 31, 2024, 7 out of 12 PSBs are compliant with the MPS norm, including State Bank of India (SBI), Punjab National Bank (PNB), Canara Bank, Bank of Baroda, Indian Bank, Union Bank of India (UBI), and Bank of India (BoI).
v.State-owned Life Insurance Corporation of India (LIC) has been given until May 16, 2027, to achieve a 10% public shareholding.
- As of March 31, 2023, LIC’s public shareholding stood at 3.5%.
vi.The government has to divest 6.5% over the next 3 years to achieve the minimum 10% shareholding.
BANKING & FINANCE
RBI Revised Instructions on BDDR for Co-operative Banks to Ensure Uniformity
On 2nd August 2024, the Reserve Bank of India (RBI) issued revised instructions on Bad and Doubtful Debt Reserve (BDDR) for co-operative banks to ensure uniformity in the treatment of this reserve for prudential purposes.
- These revised instructions will be applicable to Urban Co-operative Banks (UCBs), State Cooperative Banks (StCBs) and Central Cooperative Banks (CCBs), come into force with immediate effect.
- The revised instructions will act as a one-time measure, with a view to provide rectification and smoother transition to an AS-compliant approach.
Reasons:
i.The current procedure of not recognizing the required provisions for Non-Performing Assets (NPAs) as an expense while determining the net profit in the P&L account which is not in alignment with the extant Accounting Standards (AS).
ii.RBI noted variation in the treatment of provisions for NPAs across co-operative banks and in many cases has been observed to be at variance with regulatory norms.
Key Points:
i.Identification: Banks have been mandated to identify and quantify the BDDR balances as of 31st March, 2024 which were created by appropriating net profits instead of recognizing them as expenses.
- RBI noted that earlier, banks may have created provisions required as per Income Recognition, Asset Classification and Provisioning (IRACP) norms by appropriating from the net profit rather than recognizing the same as an expense in the Profit & Loss (P&L) account
ii.Provision: RBI mentioned that by beginning of FY25 (2024-25), the provisions should be charged as an expense to the P&L account in the accounting period in which they are recognised.
- These provisions will continue to be eligible for capital purposes as defined in existing capital adequacy guidelines.
iii.Adjustments: The appropriation should be made directly (‘below the line’) from the P&L account or General Reserves to make provisions for NPAs by 31st March, 2025.
- Such provisions can be netted off from Gross Non-Performing Assets (GNPAs) to arrive at Net NPAs (NNPAs).
iv.Capital Treatment: The BBDR balances can be considered as Tier-1 capital. However, balance in the BDDR cannot be reduced from gross NPAs to arrive at net NPAs.
- If there is any excess BDDR which is not required by statue can be transferred to General Reserves or the Balance in the P&L account.
v.Compliance: Banks must comply with the provisions of the State Co-operative Societies Acts or the Multi-State Co-operative Societies Act, 2002 as applicable.
About Reserve Bank of India(RBI):
Governor– Shaktikanta Das (25th Governor of RBI)
Headquarter– Mumbai, Maharashtra
Established- 1 April, 1935
Government of Nagaland Signed MoU with SBI General Insurance on DRTPS
On 2nd August 2024, the Government of Nagaland has signed a Memorandum of Understanding (MoU) with State Bank of India (SBI) General Insurance Company Limited for Disaster Risk Transfer Parametric Insurance Solution (DRTPS) in Kohima, Nagaland. With this, Nagaland becomes the 1st state in India to implement a Disaster Risk Transfer Parametric Insurance Solution (DRTPS).
- The MoU was exchanged between the officials of SBI General Insurance and the Nagaland State Disaster Management Authority (NSDMA) in the presence of Neiphiu Rio, Chief Minister (CM) of Nagaland.
About DRTPS:
i.DRTPS, a parametric multi-year risk transfer solution will help in protecting the critical infrastructure of Nagaland and will mitigate economic losses due to a disaster.
ii.The DRTPS will be implemented by the NSDMA with support from the InsuResilience Solution Fund for a period of 3 years (2024 to 2027) with immediate effect.
iii.The insurance covers the entire Nagaland and also the government of Nagaland will pay the insurance premium.
- The total sum insured is Rs. 150 crores for 3 years with insurer while Nagaland Government would pay annual premium Rs. 4.20 crores totalling to Rs 12.60 crores.
Note: NSDMA has implemented DRTPS as a key financial tool for funding disaster since 2020, with support from InsuResilience Solution Fund (ISF) from Frankfurt School of Financial Management, funded by KfW bank, Frankfurt, Germany.
Key Objectives of DRTPS:
i.To set up an effective and efficient disaster risk management systems in all districts.
ii.To provide community-based disaster risk management for resilient community.
iii.To build sustainable risk transfer initiative among the community.
iv.To facilitate a common platform for Public Private Partnership (PPP) in risk transfer initiative in the event of major disaster.
About Nagaland:
Chief Minister- Neiphiu Rio
Governor- La Ganesan
National Park (NP)- Ntanki NP
Wildlife Sanctuaries (WLS)- Fakim WLS, Puliebadze WLS
About SBI General Insurance Company Limited:
Managing Director(MD) and Chief Executive Officer (CEO) -Naveen Chandra Jha
Headquarters-Mumbai, Maharashtra
Tagline- Suraksha Aur Bharosa Dono
Established- 2009
Thomas Cook India Partners with NPCI To Launch RuPay Forex Card For UAE
Mumbai (Maharashtra) based Thomas Cook (India) Limited (TCIL) has partnered with the National Payments Corporation of India (NPCI) to launch RuPay AED (United Arab Emirates Dirham) Forex Card, first RuPay Prepaid Forex Card for Indian travellers visiting the United Arab Emirates (UAE).The card, powered by NPCI’s technology partner CARD91.
- This innovative Made in India initiative is a first-of-its-kind partnership with an Indian non-banking entity.
i.The travellers can use Thomas Cook’s RuPay(AED) card for transactions and ATM withdrawals across the UAE.
ii.The Thomas Cook and RuPay forex card partnership commences with UAE as its pilot, followed by a global rollout planned via a phased model.
iii.It provides extensive usage across the UAE – for transactions and Automated Teller Machine(ATM)withdrawals.
iv.Benefits:Thomas Cook travel vouchers worth Rs.13,900, lounge access at International Airports in India, free ATM Withdrawal in the UAE, free replacement on the loss of a Card and complimentary insurance cover up to Rs 7,50,000.
Note: NPCI is an umbrella organisation for all retail payments systems in India headquartered at Mumbai, Maharashtra.
IIT-M Partners with IDBI To Launch Cybersecurity Lab
The Indian Institute of Technology-Madras (IITM), Chennai, Tamil Nadu, has partnered with the Industrial Development Bank of India Limited (IDBI) to establish the ‘IDBI – IITM Secure Systems Lab’ (I2SSL) at IITM campus to develop and deploy security solutions in healthcare, fintech and aerospace.
i.This state -of-the-art cybersecurity laboratory focuses on creating market-ready IPs in cybersecurity, productisation and commercialisation of research work, especially for mobile technologies.
ii.It will undertake experimental evaluation and assessment exercises, develop test cases, conduct research, and devise hardening guidelines to help enterprises manage cybersecurity risks in real time.
Note: IDBI is an Indian government-owned financial service company, headquartered in Mumbai, Maharashtra.
ECONOMY & BUSINESS
Bharat Forge’s Kalyani Strategic Systems Gets Licence To Make Defence Products
Pune (Maharashtra) based – Kalyani Strategic Systems Limited (KSSL), a defence subsidiary of Bharat Forge Limited(BFL), received a defence licence to manufacture various defence products specifically developed for military use at its Jejuri unit in Maharashtra.
- The licence was granted by the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry (MoCI), under the Industries (Development and Regulation) Act, 1951.
- This will allow the company to take part in KSSL defence programs in the future.
- It will be valid in perpetuity, subject to the terms and restrictions mentioned therein.
Note: BFL is a flagship company of Kalyani Group.
APPOINTMENTS & RESIGNATIONS
SSB DG Daljit Singh Chawdhary Takes Over the Additional Charge as DG of BSF
On 3rd August 2024, Daljit Singh Chawdhary, the Director General (DG) of Sashastra Seema Bal (SSB) took over the additional charge as the DG of Border Security Force (BSF) following the repatriation of Nitin Agrawal, the incumbent DG of BSF.
- He will hold the additional charge until the appointment of a regular incumbent or until further orders, whichever is earlier.
Background:
Nitin Agrawal, DG of BSF and Y B Khurania, Special DG (West), BSF, were repartied to their state cadres with immediate effect. This comes amid a spike in terror incidents and infiltration bids in Jammu and Kashmir (J&K).
- Nitin Agarwal is a 1989 batch Indian Police Service (IPS) officer from Kerala cadre
- Y B Khurania is a 1990 batch IPS officer of Odisha cadre.
About Daljit Singh Chawdhary:
i.Daljit Singh Chawdhary is a 1990 batch IPS officer of the Uttar Pradesh (UP) cadre.
ii.He has been serving as the DG of SSB since January 2024. Prior to this, he served as Special DG of the Central Reserve Police Force (CRPF).
iii.He has also served as DG (additional charge) of National Security Guard (NSG) from February 2024 to April 2024.
iv.He has also served as Inspector General(IG) and Additional Director General (ADG) in the Indo-Tibetan Border Police (ITBP).
Awards: He has received 4 Police Medal for Gallantry(PMG), the Police Medal for Meritorious Service (PM), the President’s Police Medal for Distinguished Service (PPM) and the Ati-Utkrisht Seva Padak Medal.
About Border Security Force (BSF):
BSF is India’s border guarding organisation which is known as the 1st line of defence and also one of the seven Central Armed Police Forces (CAPF) of India.
Director General (DG) – Daljit Singh Chawdhary
Headquarters – New Delhi, Delhi
Motto – ‘Duty Unto Death’
SCIENCE & TECHNOLOGY
ISRO Selected 2 New Crew Members for Axiom-4 Mission to International Space Station
On 2nd August 2024, the Indian Space Research Organisation (ISRO) announced that National Mission Assignment Board has selected Indian astronauts Group Captain Shubhanshu Shukla and Group Captain Prasanth Balakrishnan Nair, as crew members for the Axiom-4 (Ax-4) mission to the International Space Station (ISS).
- Wing Commander Shubhanshu Shukla has been assigned as Prime mission pilot while Group Captain Prasanth Balakrishnan Nair will be his back-up.
Note: Group Captain Shukla and Group Captain Nair are among the 4 astronauts designates for the Gaganyaan mission which is expected to be launch in 2025. The other 2 astronauts of Gaganyaan mission are Group Captain Ajit Krishnan, Group Captain Angad Pratap.
About Axiom-4 Mission:
i.In August 2023,NASA and Axiom space signed an order for the 4th private astronaut mission (Axiom mission (Ax-4)) to the ISS.
ii.It is scheduled to be launch in 2024 on Falcon 9 rockets from NASA’s Kennedy Space Center in Florida, USA.
Axiom-4 Crew:
i.Axiom Space Inc announced the crew for Ax-4, its 4th private mission to the ISS.
ii.Astronauts Sławosz Uznański of Poland and Tibor Kapu of Hungary (Mission Specialist) will fly alongside an Indian astronaut on Axiom.
iii.The mission will be commanded by former National Aeronautics and Space Administration (NASA) astronaut Peggy Whitson(the United States of America –USA), who also led the Ax-2 mission to the station in May 2023.
iv.The selected crew members will be approved to fly to the ISS by the Multilateral Crew Operations Panel (MCOP).
About Shubhanshu Shukla:
Group Captain Shubhanshu Shukla was commissioned on 17th June, 2006 in the fighter stream of the Indian Air Force (IAF). He is a fighter combat leader and a test pilot with approximately 2000 hours (hrs) of flying experience.
- He has an extensive experience of flying variety of aircraft including Su-30 MKI, MiG-21, MiG-29, Jaguar, Hawk, Dornier, among others.
About Prasanth Balakrishnan Nair:
Group Captain Nair, a recipient of Sword of Honour at Air Force Academy, was commissioned on 19th December, 1998 in the fighter stream of the IAF.
- He is a category ‘A’ Flying Instructor and a Test Pilot with approximately 3000 hrs of flying experience. He has also commanded a Su-30 squadron.
- He has an extensive experience of flying variety of aircraft including Su-30 MKI, MiG-21, MiG-29, Hawk, Dornier, An-32 among others.
About Indian Space Research Organisation(ISRO):
Chairman- Sreedhara Panicker Somanath
Headquarters-Bengaluru, Karnataka
Established- 1969
OBITUARY
Padma Awardee & Renowned Indian Classical Dancer Yamini Krishnamurthy Passed Away
Padma Awardee Mungara Yamini Krishnamurthy, a renowned Indian Classical Dancer, has passed away at the age of 83 in New Delhi, Delhi. She was born on December 20, 1940 in Madanapalle in Chittoor district, Andhra Pradesh (AP).
- Government of India (GoI) honoured Yamini with Padma Shri (1968), Padma Bhushan (2001) and Padma Vibhushan (2016) for her contributions in the field of arts.
About Mungara Yamini Krishnamurthy:
i.Mungara Yamini Krishnamurthy is a distinguished Indian classical dancer, and a doyen of Bharatanatyam, Kuchipudi and Odissi for over four decades.
ii.She played a significant role in popularizing Kuchipudi which was then emerged as a solo dance form of AP in southern India.
iii.She gave her debut in 1957 in Chennai, Tamil Nadu (TN) and became one of the most admired dancers in India by 1960.
iv.She founded a dance school called Nritya Kaustubha – Yamini School of Dance, in Delhi in 1990.
v.She published an autobiography titled ‘A Passion for Dance’ with Renuka Khandekar in 1995.
Awards & Honours:
i.Yamini Krishnamurthy received the Sangeet Natak Akademi Award (Akademi Puraskar) in 1977 for her contributions in Bharatanatyam.
ii.She was honoured with the ‘Natya Shastra Award’ by the Shambhavi School of Dance at Nayika Excellence Personified on the occasion of Women’s day 2014 (8 March 2014).
iii.She has also received the honour of being `Asthana Nartaki` (Resident Dancer) of the temple of Shri Venkateswara at Tirupati, AP.
BOOKS & AUTHORS
Piyush Goyal Launches ‘India@100: Envisioning Tomorrow’s Economic Powerhouse’ By Prof K V Subramanian
Union Minister Piyush Vedprakash Goyal, Ministry of Commerce and Industry (MOCI) has launched the book titled ‘India@100: Envisioning Tomorrow’s Economic Powerhouse’, authored by Professor K V Subramanian, the Executive Director (ED), International Monetary Fund (IMF).
i.The launch event took place at the Associated Chambers of Commerce & Industry of India (ASSOCHAM)in New Delhi, Delhi.
ii.The book predicts that India can achieve a USD 55 trillion economy in 2047 with self-sufficiency, stronger currency, fundamentals and 8% Annual Growth Rate (AGR).
iii.Piyush Goyal informed that India can achieve the target of ‘Viksit Bharat’ with the collective efforts of 1.4 billion citizens.
- It will become a developed nation by 2047 in all sectors, including infrastructure, employment generation, tourism, manufacturing, shipping, and technology.
IMPORTANT DAYS
14th Indian Organ Donation Day – 3 August 2024
The Indian Organ Donation Day (IODD) is annually celebrated across India on 3rd August to commemorate the 1st successful deceased donor organ transplant, which was also the 1st Heart transplant in India.
- 3rd August 2024 marks the observance of the 14th IODD.
- IODD is annually celebrated by the National Organ and Tissue Transplant Organization (NOTTO).
Background:
i.The NOTTO started celebrating Indian Organ Donation Day in 2010 and until 2022, it was celebrated on 27 November.
ii.In 2023, IODD was moved to 3 August to mark the anniversary of India’s 1st successful heart transplant.
About Ministry of Health and Family Welfare (MoH&FW):
Union Minister– Jagat Prakash Nadda (Rajya Sabha- Gujarat)
Minister of State (MoS)– Jadhav Prataprao Ganpatrao (Constituency- Buldhana, Maharashtra; Anupriya Patel (Constituency- Mirzapur, Uttar Pradesh)
>> Read Full News
National Bone & Joint Day 2024 – August 4
National Bone and Joint Day is annually observed across India on 4 August to raise awareness about the importance of strong bones and joints in people of all ages and to prevent early detection of musculoskeletal disorders and conditions.
- Aim: To help in promoting cost-effective prevention and treatment of bone and joint conditions.
- The 1st ever National Bone & Joint Day was observed on 4 August 2012.
- The annual celebration of this nationwide health campaign is led by the Indian Orthopaedic Association (IOA), New Delhi(Delhi).
Note: The IOA, established in 1955 is one of the largest professional organizations which has more than 10000 active life members.
Background:
i.The IOA has been celebrating the National Bone & Joint Day across India since 2012.
ii.The Founders Day of the IOA, 4th August shall be called the “Bone & Joint Day”, and the preceding week culminating with the 4th of August, shall be called the “Bone & Joint Week.”
Musculoskeletal Health:
i.It refers to the performance of the locomotor system, including muscles, bones, joints, and adjacent connective tissues.
ii.Musculoskeletal conditions are characterized by persistent pain and reduced mobility and dexterity, affecting work and social participation.
- Pain experienced in musculoskeletal structures is the most common form of non-cancer pain.
iii.Musculoskeletal conditions affecting bone include osteoporosis and joint health includes osteoarthritis.
iv.Osteoporosis is a bone disease that develops when bone mineral density and bone mass decrease, or when the quality or structure of bone changes.
- This can lead to a decrease in bone strength that can increase the risk of fractures (broken bones).
v.Osteoarthritis is a degenerative joint disease characterized by the breakdown of cartilage in joints.
- It is the most common form of arthritis and most frequently affects the hands, hips, and knees.
Significance of Bone:
i.Bones provide structure and support for the body, and help it keep its shape. Bones protect vital organs from injury.
ii.Vitamin D and Calcium are 2 crucial nutrients for bone health.
iii.Peak bone mass (PBM) is established during skeletal growth and development and is usually achieved by the age of 25-30 years.
- It is the greatest amount of bone any individual will attain in their lifetime.
iv.PBM is a key determinant of bone strength and size and is also important for preventing osteoporosis and fragility fractures later in life.
STATE NEWS
Puducherry CM N Rangasamy presented Rs 12,700cr Budget for FY25
i.On August 2, 2024, Puducherry Chief Minister Natesan Krishnasamy Rangasamy (N Rangasamy), who also holds the Finance portfolio, presented a tax-free budget of Rs 12,700 crore for the fiscal year 2024-2025 (FY25) at the 15th Legislative Assembly in White Town, Puducherry. This marked his fourth budget.
ii.Central assistance, including the State Disaster Relief Fund (SDRF), is estimated at Rs 3,268.98 crore.
iii.Revenue expenditure is allocated Rs 10,969.80 crore, while capital expenditure is Rs 1,730.20 crore.
iv.The Central road fund is estimated at Rs 20 crore, with Centrally-sponsored schemes allocated Rs 430 crore.
About Puducherry:
Chief Minister– Natesan Krishnasamy Rangasamy
Lieutenant Governor– C.P. Radhakrishnan
Bird Sanctuary– Oussudu Lake Bird Sanctuary
>> Read Full News
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