KARNATAKA
Special incentives for oxygen manufacturing units in Karnataka
The Karnataka Cabinet on Thursday approved a scheme to provide special incentives for oxygen manufacturing and associated enterprises in the State.
Pointing out that the state had faced a shortage of oxygen due to Covid-19, Law and Parliamentary Affairs Minister Basavaraj Bommai said there were 9 oxygen manufacturing units/factories in the state and six oxygen suppliers.
“The manufacturing capacity is 815 MT and storage capacity is 5,780 MT.To increase the capacity, if any entrepreneurs come forward, we will give them incentives,” he told reporters after the cabinet meeting.
The incentives include capital subsidy of 25 per cent of the value of fixed assets subjected to minimum investment of Rs 10 crore, 100 per cent exemption from electricity duty for three years after commencement of commercial production, additional power tariff subsidy of Rs 1,000 per metric tonne on supply to the government.
There will also be 100 per cent stamp duty exemption and reimbursement from loan and land documents, concessional registration charges, 100 per cent reimbursement of land conversion fees, he added.
INTERNATIONAL
International Financial Services Centres Authority – IFSCA
Establish and operate the International Trade Financial Service Platform (ITFS) to provide a framework for trade financial services in the International Financial Service Center.
Highlights:
♦ The IFSCA has issued a framework for establishing and operating an International Trade Finance Services Platform in order to provide Trade Finance Services at International Financial Services Centres.
♦ This framework will allow importers and exporters to use different types of trade financing facilities under competitive conditions to conduct international trade transactions through the dedicated electronic platform ITFS.
♦ This will assist them in converting their trade receivables into liquid funds and obtaining short-term funding.
NATIONAL
Five Portals on the AYUSH Sector Launched
The Union Minister of Ayush launched five important portals and issued four publications.
Highlights:
♦ Ayurveda Dataset on Clinical Trial Registry of India (CTRI): The CTRI is a primary Clinical Trials Registry under the WHO’s International Clinical Trials Registry Platform. The creation of an Ayurveda Dataset in CTRI makes it easier to use Ayurvedic terminologies to record clinical studies based on Ayurvedic interventions. This will increase the global visibility of Ayurveda-based clinical trials.
♦ CCRAS-RMIS: Research Management Information System is a one-stop solution for Ayurveda-based research and development. The portal provides free reference material, research tools, and clinical and scientific advice. It was created in collaboration with the Central Council for Research in Ayurvedic Sciences (CCRAS) and the Indian Council of Medical Research (ICMR).
♦ E-Medha (electronic Medical Heritage Accession) Portal: NIC’s e-granthalaya platform provides online public access to a catalogue of over 12000 Indian medical heritage books.
♦ AMAR (Ayush Manuscripts Advanced Repository) Portal: It has digitised information on rare and difficult-to-find manuscripts and catalogues of Ayurveda, Yoga, Unani, Siddha, and Sowa Rigpa in libraries or individual collections in India or otherparts in the world
♦ SHAI (Showcase of Ayurveda Historical Imprints) Portal: It displays inscriptions, archaeobotanical data, sculptures, philological sources, and advanced archaeo-genetic research.
Purchasing Managers Index – PMI
The survey-based service industry’s June PMI showed that it shrank to 41.2 for the second time in a row
About PMI:
♦ It is a survey-based metric that asks respondents about changes in their perception of key business variables compared to the previous month.
♦ Calculate the manufacturing and service industries separately, and then construct a comprehensive index.
♦ The PMI is a number ranging from 0 to 100.
♦ A PMI reading above 50 indicates expansion when compared to the previous month.
♦ A PMI of less than 50 indicates a contraction, and
♦ A reading of 50 indicates that there has been no change.
♦ If the previous month’s PMI is higher than the current month’s PMI (as in the example above), it indicates that the economy is contracting.
♦ The PMI is usually released at the beginning of each month. As a result, it is regarded as a reliable leading indicator of economic activity.
UDISE+ 2019-20 Report – Education Report
The report on the United Information System for Education Plus (UDISE+) 2019-20 for School Education in India has been released by the Union Education Minister.
Highlights:
♦ When comparing 2019-20 to 2018-19, the Gross Enrollment Ratio at all levels of schooling increased.
♦ For students in Classes 1-8, the GER is 98 percent. The GER for secondary and senior secondary students was 78 percent and 51 percent, respectively.
♦ The pupil-teacher ratio (PTR) has also improved across the board in all levels of schooling.
♦ Girls’ enrollment increased at all levels of schooling in 2019-20 compared to 2018-19. The pre-primary level saw the greatest increase.
♦ The Gender Parity Index (GPI) at both the Secondary and Higher Secondary levels improved between 2012-13 and 2019-20.
About UDISE:
♦ UDISE is one of the largest school education management information systems.
♦ The Ministry of Education established UDISE in 2012-13 by combining DISE for elementary education and SEMIS for secondary education.
♦ Purpose: It aids in the measurement of educational parameters from classes 1 to 12 in government and private schools throughout India.
♦ UDISE+ is an enhanced version of UDISE. It was created in 2018-19 to speed up data entry, reduce errors, improve data quality, and simplify data verification.
♦ The data for the reference year 2019-20 are covered in this publication.
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