14-07-21 Daily-Karnataka-KPSC Current Affairs

The Covid-induced lockdown imposed for prolonged periods has dealt a massive blow to the fortunes of thousands of Micro, Small and Medium enterprises (MSMEs), with many of them staring into endless pits of despair.

Despite the restrictions being eased gradually and the government permitting the units to resume operations, these enterprises continue to face a host of other problems, ranging from lack of skilled manpower to the inflated price of raw materials. In Dharwad, Dakshina Kannada and Mysuru districts, more than 40,000 MSMEs have been identified whose productivity has suffered.

Although some MSMEs involved in the food and condiments sector registered a spurt in demand for their products, they were unable to exploit the opportunity to their benefit owing to the labour crunch.

The INS Tabar exercise was held with the Italian Navy near Naples, Italy, as part of a continuous deployment to the Mediterranean

Highlights:

The exercise covered a broad range of naval operations, such as air DEFENCE procedures and Communication drills.

The exercise benefited both parties by improving interoperability and consolidating combined operations against maritime threats.

Major Indian Maritime Exercises:

SLINEX – Sri Lanka
Bongosagar and IN-BN CORPAT Bangladesh
JIMEX – Japan
Naseem-Al-Bahr – Oman
Indra – Russia
Zair-Al-Bahr – Qatar
Samudra Shakti – Indonesia
Indo-Thai CORPAT – Thailand
IMCOR – Malaysia
SIMBEX – Singapore
AUSINDEX – Australia
Malabar Exercise – Japan, and the USA

has approved changes to the Central Sector Scheme of financing facility under the <a href="https://exam.pscnotes.com/Agriculture-notes-for-state-psc-exams”>Agriculture Infrastructure Fund’.

Highlights:

State Agencies/APMCs, National and State Federations of Cooperatives, Federations of Farmers Producers Organizations (FPOs), and Federations of Self-Help Groups are now eligible (SHGs).

Currently, the scheme allows for interest subventions on loans of up to Rs. 2 crore in a single location.

If an eligible entity other than a private sector entity (i.e., state agencies, national and state federations of cooperatives, federations of FPOs, and federations of SHGs) establishes projects in multiple locations, all such projects will now be eligible for interest subsidies of up to Rs. 2 crore.

However, a private sector entity will be limited to a maximum of 25 such projects.

For APMCs, an interest subvention of up to Rs. 2 crore will be provided for each project of different infrastructure types, such as cold storage, sorting, grading, and assaying units, silos, and so on, within the same market yard.

The Industrial Land Bank Of India is a GIS-based portal that contains all information related to industrial , such as connectivity, infrastructure, <a href="https://exam.pscnotes.com/natural-Resources“>Natural Resources and topography, plot-level information about open spaces, activity lines, and contact information.

It serves as a one-stop shop for all industrial infrastructure-related data.

It acts as a decision-support system for investors scouting land remotely.

It is currently integrated with Industry-based GIS systems from 17 states, allowing details on the portal to be updated in real time.

The IILB has planned about 4,000 industrial parks on 550,000 hectares of land and is expected to achieve pan-Indian integration by December 2021.

It is administered by the Department of Industry and Internal Trade (DPIIT).

GIFT City (Gujarat International Finance Tec-City), India’s premier international financial centre

Banking and payment systems

Insurance

Capital markets

The Financial Market Dialogue between India and the United Kingdom was conducted virtually.

Highlights: