Context: India is now trying to get all customs-related benefits extended to a trusted trader from BRICS countries and it may end up availing benefits for the Indian exporter itself. Highlights from the News: BRICS:
One Nation One Election
Context: The Centre is working on draft legislations for the implementation of ‘one nation, one election’ and would shortly begin its implementation exercise by attempting to build consensus across party lines, sources said. One Nation One Election in india Read more>>
India’s production-linked incentive (PLI) schemes
Context: India’s production-linked incentive (PLI) schemes have led to investments of more than ₹1.25 lakh crore, Prime Minister Narendra Modi said. Key Highlights: Know more about PLI Scheme?
INS Tushil, the ship of Indian Navy.
Context: The Launching Ceremony of INS Tushil, the ship of Indian Navy in Kaliningrad. Key Highlights: Krivak Class Fritgate:
Merchant Shipping Bill, 2024 and Coastal Shipping Bill, 2024
Context: Merchant Shipping Bill, 2024 and Coastal Shipping Bill, 2024 are coming to modernize India’s Maritime Framework. Why New Bill? Merchant Shipping Act, 1958 and Coasting Vessels Act, 1838 are urgently required to be repealed. Both have become very old and are not at all able to meet modern requirements in the merchant marine world. Highlights of the Merchant Shipping Bill Know more Merchant Shipping Bill, 2024?
Tirzepatide: Obesity Drug
Context: US pharma giant Eli Lilly, which plans to bring its obesity and diabetes drug Tirzepatide (or Mounjaro) to India next year. About the Drug: Drug Composition: Tirzepatide is a linear polypeptide of 39 amino acids that has been chemically modified by lipidation to improve its uptake into cells and its stability to metabolism. Eli Lilly: Eli Lilly is a pharmaceutical company that was founded by Colonel Eli Lilly, a Union Army veteran and pharmaceutical chemist, in 1876.
LIC’s Bima Sakhi Yojana
Context: Prime Minister Narendra Modi on Monday launched Bima Sakhi Yojana in Panipat, Haryana. An initiative of the state-owned Life Insurance Corporation (LIC) that aims to enroll 100,000 Bima Sakhi in 12 months to financially empower women. Aim of the scheme: Key Features: Other Schemes related to women: Lakhpati Didis: More than 1 crore 15 lakh women in India have become Lakhpati Didis. They are earning over ₹1 lakh annually. 26-week maternity leave, free LPG gas connections, toilets, and tap water connections are some of the initiative taken for the women. Women are also being engaged like banking, where Bank Sakhis are also helping people in rural areas open accounts, take loans, and learn financial management.
Current Affairs 10 December, 2024
Daily Current Affairs 10 December, 2024 National Affairs 1. LIC’s Bima Sakhi Yojana Context: Prime Minister Narendra Modi on Monday launched Bima Sakhi Yojana in Panipat, Haryana. An initiative of the state-owned Life Insurance Corporation (LIC) that aims to enroll 100,000 Bima Sakhi in 12 months to financially empower women. Aim of the scheme: Key Features: Read more>> 2. Tirzepatide: Obesity Drug Context: US pharma giant Eli Lilly, which plans to bring its obesity and diabetes drug Tirzepatide (or Mounjaro) to India next year. About the Drug: Drug Composition: Tirzepatide is a linear polypeptide of 39 amino acids that has been chemically modified by lipidation to improve its uptake into cells and its stability to metabolism. Eli Lilly: Eli Lilly is a pharmaceutical company that was founded by Colonel Eli Lilly, a Union Army veteran and pharmaceutical chemist, in 1876. 3. Merchant Shipping Bill, 2024 and Coastal Shipping Bill, 2024 Context: Merchant Shipping Bill, 2024 and Coastal Shipping Bill, 2024 are coming to modernize India’s Maritime Framework. Why New Bill? Merchant Shipping Act, 1958 and Coasting Vessels Act, 1838 are urgently required to be repealed. Both have become very old and are not at all able to meet modern requirements in the merchant marine world. Highlights of the Merchant Shipping Bill Know more Merchant Shipping Bill, 2024? 4. INS Tushil, the ship of Indian Navy. Context: The Launching Ceremony of INS Tushil, the ship of Indian Navy in Kaliningrad. Key Highlights: Krivak Class Fritgate: 5. India’s production-linked incentive (PLI) schemes Context: India’s production-linked incentive (PLI) schemes have led to investments of more than ₹1.25 lakh crore, Prime Minister Narendra Modi said. Key Highlights: Know more about PLI Scheme? 6. One Nation One Election Context: The Centre is working on draft legislations for the implementation of ‘one nation, one election’ and would shortly begin its implementation exercise by attempting to build consensus across party lines, sources said. One Nation One Election in india Read more>> 7. India Trade with BRICS Countries Context: India is now trying to get all customs-related benefits extended to a trusted trader from BRICS countries and it may end up availing benefits for the Indian exporter itself. Highlights from the News: BRICS: Banking/Finance 1. Handbook of Statistics on Indian States by Reserve Bank of India Context: This Handbook of Statistics on Indian States published by the Reserve Bank of India points to a deceleration in the growth of the pension bill for states and UTs during the year 2022-2023. Key Highlights: RBI Handbook of Statistics about Indian States Major Features: Agri Business 1. Meta Market for Advanced Agriculture and Rural Services (MAARS) Context:The $8 billion in revenue, diversified ITC Ltd. is keen on 10 million farmers across 4,000 farmer producer organisations (FPOs) in the country accessing its Meta Market for Advanced Agriculture and Rural Services (MAARS) by 2030. Highlights: Features of the app: Phygital environment – crop-agnostic hyperlocal services for rich farm income and climate change practices. See more features Objective: Way Forward: Know more about ITCMAARS? 2. The International Crops Research Institute for Semi-Arid Tropics (Icrisat) Context: Icrisat’s solar-powered water hyacinth harvester offers a cost-effective solution for rural communities facing weed infestations solar-powered water hyacinth harvester offers a cost-effective solution for rural communities facing weed infestations. Highlights: The International Crops Research Institute for the Semi-Arid Tropics (ICRISAT) The International Crops Research Institute for the Semi-Arid Tropics (ICRISAT) is an international organization that is working to improve dryland farming and food systems to combat hunger, malnutrition, poverty, and environmental degradation:. Read more>> 3. Exploring oil and gas deposits in forests Context: The Union environment ministry has undertaken measures to clear the ground for the approval process of forest surveys and exploratory drilling intended to drill into the ground for oil and gas exploration. Highlights: Forest (Conservation and Augmentation) Act, 1980:
One Nation One Election in india
Benefits of ONOE Disadvantages of ONOE
India’s production-linked incentive (PLI) schemes
How does it work? How is it different from other traditional subsidies? Sectors Under the PLI Scheme
