ETEN Enlightens-Daily current capsules
(Prelims Prominence) – 23rdJan 2018
ECONOMY
National Investment and Infrastructure Fund (NIIF) makes its First
Investment
NIIF has partnered with DP World to create an investment platform
for ports, terminals, transportation and logistics businesses in India.
Dubai’s DP World and the National Investment and Infrastructure Fund (NIIF),
a fund-managing entity of the Government of India have set up an investment
platform to invest in ports, terminals, transportation and logistics businesses in
India.
The platform, which is based on a previous agreement, will invest up to $3
billion to acquire assets and develop projects in the sector, the entities said in
a joint statement.
Enlighten about National Investment and Infrastructure Fund (NIIF)
It is a fund created by the Government of India for enhancing infrastructure
financing in the country.
This is different from the National Investment Fund.
NIIF was proposed to be set up as a Trust, to raise debt to invest in the equity
of infrastructure finance companies such as Indian Rail Finance Corporation
(IRFC) and National Housing Bank (NHB).
The idea is that these infrastructure finance companies can then leverage this
extra equity, manifold.
In that sense, NIIF is a banker of the banker of the banker.
NIIF is envisaged as a fund of funds with the ability to make direct
investments as required. As a fund of fund it may invest in other SEBI
registered funds.
Its creation was announced in the Union Budget 2015-16.
NIIF got registered with SEBI as Category II Alternative Investment Fund
(AIF)
Ministry of Commerce & Industry
The ASEAN Business and Investment Meet and Expo
The inaugural plenary, on the theme of ‘Promoting Mutual Trade and
Investment for Shared Prosperity’ covered discussions on strengthening India’s
economic relations with the countries in the East with both sides aiming to scale
up bilateral trade and investment in the region.
The session focused on trade facilitation measures taken to promote trade
between India and ASEAN countries in manufacturing sector, promoting SME
ecosystem to enhance entrepreneurship quotient in the region and startup
culture to create new pipeline of ideas.
SCIENCE & TECH
Fourth India International Science Festival to be held in Lucknow
Chaired by Union Minister for Science & Technology, Environment, Forest &
Climate Change and Earth Sciences
The 1st IISF was held at Indian Institute of Technology (IIT) New Delhi in
December, 2015.
The mega S&T expo attracted more than 3 lakh people. India had also set a
Guinness Book of World Records, when 2000 school students performed two
experiments at the Festival.
The second Festival at CSIR-National Physical Laboratory, New Delhi in
December 2016 showcased Indian achievements in various fields of science
and technology.
The third in the series was held in October 2017 in Chennai.
SWACHH BHARAT MISSION
Smart Star-Rating for Garbage Free Cities
Ministry of Housing and Urban Affairs has launched the ‘Protocol for
Star Rating of Garbage-Free Cities’ in Goa.
The star-rating initiative, developed by the Swachh Bharat Mission – Urban
will be rating cities on a 7-star rating system based on multiple cleanliness
indicators for solid waste management.
These include Door to Door Collection, bulk generator compliance, source
segregation, sweeping, scientific processing of waste, scientific land filling,
plastic waste management, construction and demolition management, dump
remediation & citizen grievance redressal system etc.
Cities can be rated as 1, 2, 3, 4, 5 and 7 star based on their compliance with
the protocol conditions specified for each of the rating.
Further city should be ODF(Open Defecation Free) before it could be given
rating of 3 star or above.
While cities may self-declare themselves as 1-star, 2-star or 4-star, MoHUA
will carry out an additional verification through an independent third party to
certify cities as 3-star, 5-star or 7-star. Cities will need to get recertified
themselves every year to retain their star-status.
It provides stakeholders with a single metric to rate a city’s cleanliness, rather
than separately evaluating multiple factors which contribute to a city’s overall
cleanliness and garbage free status.
The distinctive feature of Star Rating System will be that many cities can have
higher stars as compared to only one city can be “Cleanest city” under
Swachh Survekshan.
WILDLIFE CONSERVATION
ROADKILLS APP
A mobile-based application, ‘Roadkills’, launched
by the Wildlife Conservation Trust,
Will help citizens report wildlife deaths by uploading geotagged photographs
to a public forum.
The data generated can be used to identify crucial road or rail stretches that
urgently require mitigation measures.
Enlighten about Roadkills app -
‘Roadkills’, an easy-to-use android app, accesses location information from
phones and permits users to upload photographs of a dead wild animal on a
road or a railway line.
The Wildlife Conservation Trust (WCT), an NGO which developed the app
The information generated from the application can help identify crucial
sections of roads or railway lines where animal deaths are high to pinpoint
regions that require urgent mitigation measures.
GOVERNMENT SCHEMES
‘Jiyo Parsi’ scheme
When
Launched in 2013
Why
to address the Parsi community’s declining population
What’s new
Over 130 babies were born since the government launched the ‘Jiyo Parsi’
scheme
Implementing body -
The Parzor Foundation is implementing the scheme along with the Union
minority affairs ministry.
Enlighten about Parsi Community
The population of Parsis plunged from 1.14 lakh in 1941 to 57,264 in 2011.
The sharp decline in the birth rate in the community — located mainly in
Maharashtra’s Mumbai and parts of Gujarat – is attributed to socio-
psychological reasons. These include Parsis having late or non-marriages, its
members marrying with people outside the community and also many couples
not willing to have babies.
Enlighten about Jiyo Parsi scheme:
Jiyo Parsi is a Government of India supported scheme to arrest the decline in
population of the Parsi Zoroastrian Community in India.
The main objective of the “Jiyo Parsi” scheme is to reverse the declining trend
of Parsi population by adopting a scientific protocol and structured
interventions, stabilize their population and increase the population of Parsis
in India.
GOVERNMENT INITIATIVES
Bharat Ke Veer’
The government has launched an official anthem for “Bharat Ke Veer”, an
initiative with a corpus fund to help the families of paramilitary troopers killed
in the line of duty.
The anthem is sung and composed by singer Kailash Kher.
Enlighten About Bharat ke Veer:
It is a web portal and mobile application.
The portal is an IT based platform, with an objective to enable willing donors
to contribute towards the family of a braveheart who sacrificed his/her life in
line of duty.
The website is technically supported by National Informatics Centre (NIC) and
powered by State Bank of India.
This domain allows anyone to financially support the bravehearts of his choice
or towards the “Bharat Ke Veer” corpus.
The amount so donated will be credited to the account of ‘Next of Kin’ of those
Central Armed Police Force/Central Para Military Force soldiers.
To ensure maximum coverage, a cap of 15 lakh rupees is imposed and the
donors would be alerted if the amount exceeds, so that they can choose to
divert part of the donation to another braveheart account or to the “Bharat Ke
Veer” corpus.
“Bharat Ke Veer” corpus would be managed by a committee made up of
eminent persons of repute and senior Government officials, who would decide
to disburse the fund equitably to the braveheart’s family on need basis.
Pre. FACTS
India’s first, locally made BS-VI car
By - German auto major Mercedes-Benz
India’s BS-VI-compliant S-Class produced at its Pune facility, more than two
years ahead of the government deadline of April 2020 for switching to new
emission norms.
Sources- PIB.TOI,THE HINDU,LIVEMINT
