Daily Current Affairs

Prelims Prominence - March 30, 2018

Science & Technology

GSLV Successfully Launches GSAT-6A Satellite

Launch vehicle

  • Geosynchronous Satellite Launch Vehicle (GSLV-F08)

Satellite type

  • GSAT-6A Satellite into Geosynchronous Transfer Orbit (GTO)

From

  • Satish Dhawan Space Centre (SDSC) SHAR, Sriharikota, the spaceport of India.

Enlighten about the launch

  • This is the fifth consecutive success achieved by GSLV carrying indigenously developed Cryogenic Upper Stage.
  • GSAT-6A is a communication satellite built by ISRO to provide mobile communication services through multi beam coverage. For this, it is equipped with S and C band transponders.

Food Processing

Rajasthan’s first mega food park at Ajmer

  • Union Minister for Food Processing Industries Smt. Harsimrat Kaur Badal inaugurated M/s Greentech Mega Food Park Private Ltd -the first mega food park in Rajasthan at Roopangarh Village in Ajmer.
  • The Park has been set up at a cost of Rs 113.57 crore and will benefit around 25,000 farmers in this as well as neighbouring districts.
  • The park would have a central processing centre as well as well as four Primary Processing Centres (PPCs)at Jaipur, Nagaur, Tonk and Churu.
  • The park would also have facilities for primary processing and storage near the farms and would not only benefit farmers of Ajmer but also those of nearby districts of Jaipur, Nagaur, Tonk and Churu as well.

Memorandum of Understanding

South Asian Cooperative Environment Programme

What

  • Cabinet has approved signing of a Memorandum of Understanding (MoU) between India and South Asian Cooperative Environment Programme (SACEP)

Why

  • for cooperation on the response to Oil and Chemical Pollution in the South Asian Seas Region.

Enlighten about the MoU

  • This will promote closer cooperation between India and other maritime nations comprising the South Asian seas region namely Bangladesh, Maldives, Pakistan and Sri Lanka for protection and preservation of marine environment in the region.

Member nations

  • Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka established the SACEP in 1982 in Sri Lanka.

Objective

  • To promote and support protection, management and enhancement of the environment in the South Asian region

Regional Oil Spill Contingency Plan

  • The SACEP jointly with the International Maritime Organisation (IMO) developed a “Regional Oil Spill Contingency Plan to facilitate international co-operation and mutual assistance in preparing and responding to a major oil pollution incidents

Agriculture

National Agricultural Cooperative Federation of India Ltd. (NAFED)

  • NAFED has signed the Debt Settlement Agreement with its eight lender banks.
  • The One Time Settlement with the lender banks has been made at Rs. 478 Crore.
  • The lenders are entitled to the assignment of auction right of the property of one of the defaulters of its tie-up business conducted in the years 2003-05.

Enlighten about NAFED

  • National Agricultural Cooperative Marketing Federation of India Ltd.(NAFED), established in 1958
  • to organize, promote and develop marketing, processing and storage of agricultural, horticultural and forest produce, distribution of agricultural machinery, implements and other inputs, undertake inter-state, import and export trade etc.

Cabinet Decisions

Pradhan Mantri Rojgar Protsahan Yojana (PMRPY)

What’s the NEWS

  • Approved by the cabinet to enhance the scope of PMRPY
  • The Government of India will now contribute the Employer’s full admissible contribution for the first three years from the date of registration of the new employee for all the sectors including existing beneficiaries for their remaining period of three years.

Enlighten about Pradhan Mantri Rojgar Protsahan Yojana

  • Announced in the Budget for 2016-17.
  • Objective - to promote employment generation

Implementing Ministry

  • the Ministry of Labour and Employment.
  • Under the scheme employers would be provided an incentive for enhancing employment by reimbursement of the 8.33% EPS contribution made by the employer in respect of new employment.
  • The PMRPY scheme is targeted for workers earning wages upto Rs. 15,000/- per month.

Cabinet decisions

National Skill Development Fund (NSDF) and National Skill Development Corporation (NSDC) To be restructured strengthen governance, implementation and monitoring framework

  • The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given its approval for restructuring of National Skill Development Fund (NSDF) and National Skill Development Corporation (NSDC) to strengthen governance, implementation and monitoring framework.
  • The restructuring will also ensure better corporate governance, transparency and accountability in operations of NSDC besides strengthening the oversight role of NSDF.
  • The approval would lead to restructuring of composition of Board of NSDF and the NSDC to strengthen governance, implementation and monitoring framework.

Enlighten about NSDC and NSDF

  • National Skill Development Corporation India (NSDC), established in 2009, is a not- for- profit company set up by the Ministry of Finance
  • NSDC and NSDF were set up by the Ministry of Finance and registered in July, 2008 and January, 2009 respectively for implementing coordinated action for skill development.
  • NSDF trust was incorporated to act as a receptacle for financial contributions from Governmental sources, bilateral/multilateral and other agencies.
  • Its main objective is to enhance, stimulate and develop the skills of Indian youth force by various sector specific programmes.
  • NSDF entered into an Investment Management Agreement (IMA) with NSDC for utilization of its corpus to meet the desired objectives of National Skill Development Mission and encourage skill development in the country. Provision of supervisory role of NSDF over NSDC's functions is also included in the IMA between NSDC and NSDF.

Sources – PIB,THE HINDU,IE