Karnataka legislative assembly clears bill to integrate all modes of public transport
The Karnataka legislative assembly passed the long-pending Bengaluru Metropolitan Land Transport Authority Bill, 2022 that aims to streamline the ill-famed Bengaluru traffic and integrate public transport services and civic agencies under one roof for effective coordination.
Piloting the bill on CM Basavaraj Bommai’s behalf, law and parliamentary affairs minister JC Madhuswamy said the bill has been drafted to supplement the Centre’s National Urban Transport Policy.
In a first, India among the top five ECM markets globally in 2022
India was among the top five markets, globally, in terms of equity fundraising despite the quantum of funds raised declining by 43 per cent. According to a report by Kotak Investment Banking, funds to the tune of $16.4 billion were transacted via equity capital market (ECM) activity in India in 2022.
India’s outperformance comes on the back of a sharper decline in ECM activity in major markets such as the United Kingdom, Australia and Japan. ECM activity globally took a hit on account of heightened volatility amid rising interest rates.
The equity capital market (ECM) refers to the arena where financial institutions help companies raise equity capital and where stocks are traded. It consists of the primary market for private placements, initial public offerings (IPOs), and warrants; and the secondary market, where existing shares are sold, as well as futures, options, and other listed securities are traded.
Vidisha becomes the 1st Indian district to implement cutting-edge 5G use cases
A joint initiative by the Vidisha District Administration and the Centre for Development of Telematics (C-DOT), Department of Telecommunications (DoT), under the direction of Additional Secretary (Telecom) & Administrator USOF, made Vidisha, a district of Madhya Pradesh, the first district ever in India for on-ground implementation of groundbreaking 5G use cases proposed by startups.
The Department of Telecommunications (DoT) has been fostering partnerships of Digital Communication Tech – startups & SMEs to potential user communities, viz. State governments, Smart cities, Aspirational districts, vertical industries, etc., through the Telecom Startups & MSMEs Mission (TSuM) & 5G Vertical Engagement Partnership Program (VEPP). This is accomplished to accelerate Digital Transformation across socio-economic verticals.
To implement 5G/4G/IoT innovative approaches of Startups & SMEs at Vidisha (Aspirational district), Madhya Pradesh with a primary focus on Health, Agriculture, Diary, Education & Skill Development, benefiting the Vidisha community as a whole, the “5G use case promotional pilot” is being spearheaded by the Centre for Development of Telematics (C-DOT), DoT, which is a trailblazer in emerging Digital communication Technologies.
Centre Clears Rs 2,600 cr Scheme to Promote RuPay, BHIM-UPI
The Union Cabinet has approved the incentive scheme for the promotion of RuPay Debit Cards and low-value BHIM-UPI transactions (person-to-merchant) for the current financial year. The approved incentive scheme for promotion of RuPay Debit Cards and low-value BHIM-UPI transactions (P2M) in FY 2022-23 has a financial outlay of Rs 2,600 crore.
Under the said scheme, acquiring banks will be provided financial incentive, for promoting Point-of-Sale (PoS) and e-commerce transactions using RuPay Debit Cards and low-value BHIM-UPI transactions (P2M) for the current financial year FY 2022-23.
New Integrated Food Security Scheme Named as Pradhan Mantri Garib Kalyan Ann Yojana
Prime Minister Narendra Modi approved the new integrated food security scheme for providing free foodgrains to Antyodaya Ann Yojana (AAY) and Primary Household (PHH) beneficiaries, to be rolled out from 1st January 2023. The new scheme has been named Pradhan Mantri Garib Kalyan Ann Yojana (PMGKAY). The PMGKAY started on 1st January 2023, benefiting more than 80 crores of poor and poorest of poor people.
To maintain uniformity and for the welfare of the beneficiaries, free food grains will be provided under PMGKAY for the year 2023.
All the beneficiaries of the AAY and PHH will be provided with free foodgrains.
The integrated scheme will strengthen the provisions of the National Food Security Act or NFSA 2013 in terms of accessibility, affordability, and availability of food grains for the poor.
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