Key Highlights:
Standard Operating Procedure of India for Liquidation of Primary Agriculture Cooperative Societies (PACS)
Context: A new standard operating procedure (SOP) has been issued regarding the liquidation of PACS and LAMPS, according to which a liquidator should not take more than 15 days to complete the process after taking custody of property, claims, books, records, and documents. Key Highlights: Primary Agricultural Credit Societies (PACS) Primary Agricultural Credit Societies (PACS) are the grassroots-level cooperative credit institutions in India that serve as a vital part of the country’s cooperative credit structure. They play a crucial role in providing financial assistance and credit to farmers, particularly in rural areas. PACS are an instrument of financial inclusion of rural India and empower farmers to get community support. Large Area Multipurpose Cooperative Societies (LAMPS) Large Area Multipurpose Cooperative Societies (LAMPS) are specialized cooperative organizations in India, primarily focused on promoting the welfare of tribals and people residing in hilly and remote areas. These societies are particularly important in rural and underserved regions, providing financial and non-financial services to their members.
Large Area Multipurpose Cooperative Societies (LAMPS)
Large Area Multipurpose Cooperative Societies (LAMPS) are specialized cooperative organizations in India, primarily focused on promoting the welfare of tribals and people residing in hilly and remote areas. These societies are particularly important in rural and underserved regions, providing financial and non-financial services to their members.
Primary Agricultural Credit Societies (PACS)
Primary Agricultural Credit Societies (PACS) are the grassroots-level cooperative credit institutions in India that serve as a vital part of the country’s cooperative credit structure. They play a crucial role in providing financial assistance and credit to farmers, particularly in rural areas. PACS are an instrument of financial inclusion of rural India and empower farmers to get community support.
KenBetwa project
Context: The KenBetwa project involves transferring “excess” water from the Ken river to the Betwa river, both tributaries of the Yamuna, via a 221km link canal, including a 2km tunnel. Ken-Betwa River Linking Project
Vadhvan Port: Deep Seaport in Maharashtra
Biopharmaceutical
Context: UKbased pharma giant AstraZeneca has announced plans to restructure its biopharma unit to concentrate on nextgeneration therapeutics. Biopharmaceutical A biopharmaceutical is a pharmaceutical drug that is made from biological sources, such as humans, animals, plants, or microorganisms. They are also known as biologics or biological medical products. General Characteristics of Biopharmaceuticals Biologics
The Competition Commission of India
Context: The Competition Commission of India (CCI), which has received a complaint of anticompetitive practices against quick commerce (qcom) companies, is waiting for more information on the allegations from the complainant before taking a decision on the matter. The Competition Commission of India is the national top-level competition regulator in India. It enforces the Competition Act, 2002 to promote competition and prevent adverse activities. It investigates cases affecting competition.
National Informatics Centre’s (NIC)
Context: Several government websites went down on Tuesday following a power outage at the National Informatics Centre’s (NIC) data centre in Shastri Park in northeast Delhi, sources said. National Informatics Centre Services National Informatics Centre Services Inc. is a government department of India under the Ministry of Electronics and Information Technology.
National Informatics Centre Services
National Informatics Centre Services Inc. is a government department of India under the Ministry of Electronics and Information Technology.
