14.07.21 Daily KPSC Current Affairs



Karnataka: MSMEs grapple with surge in raw material cost, manpower crunch


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.




India-UK Financial Markets Dialogue


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


The dialogue was established at the 10th Economic and Financial Dialogue in October 2020 to strengthen the bilateral financial relationship between the United Kingdom and India.
The discussion revolved around four main topics:

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

♦ Banking and payment systems

♦ Insurance

♦ Capital markets





India Industrial Land Bank – IILB


The Industrial Land Bank of India is a GIS-based portal that contains all information related to industrial infrastructure, such as connectivity, infrastructure, 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).


Agriculture Infrastructure Fund – Central Sector Scheme


Union Cabinet has approved changes to the Central Sector Scheme of financing facility under the ‘Agriculture Infrastructure Fund’.


♦ 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.


INS Tabar Exercises was Held


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


♦ 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
♦ Za’ir-Al-Bahr – Qatar
♦ Samudra Shakti – Indonesia
♦ Indo-Thai CORPAT – Thailand
♦ IMCOR – Malaysia
♦ SIMBEX – Singapore
♦ AUSINDEX – Australia
♦ Malabar Exercise – Japan, and the USA


KPSC Notes brings Prelims and Mains programs for KPSC Prelims and KPSC Mains Exam preparation. Various Programs initiated by KPSC Notes are as follows:- For any doubt, Just leave us a Chat or Fill us a querry––

Hope we have satisfied your need for KPSC Prelims and Mains Preparation

Kindly review us to serve even better

KPSC Mains Test Series 2022

20 Quality mock tests and GS Mains Notes

Mains Test Series and Notes

Mains Printed Notes (With COD)

KPSC Prelims Test Series 2022

24 Quality mock tests and GS Prelims Notes

Prelims Test Series and Notes

Prelims Printed Notes (With COD)

[jetpack_subscription_form title=”Subscribe to KPSC Notes” subscribe_text=”Never Miss any KPSC important update!” subscribe_button=”Sign Me Up” show_subscribers_total=”1″]

error: Content is protected !!