36th edition of CORPAT between India and Indonesia begins
The 36th edition of CORPAT between India and Indonesia is being held on 30 and 31 July 2021, in the Indian Ocean region. The Indian Naval Ship (INS) Saryu, an indigenously built Offshore Patrol Vessel and Indonesian Naval Ship KRI Bung Tomo is undertaking coordinated patrol (CORPAT).
Besides this, Maritime Patrol Aircraft from both nations are also participating. The exercise is being conducted as a ‘non-contact, at sea only’ exercise in view of the COVID-19 pandemic. India and Indonesia have been conducting the Coordinated Patrols along the International Maritime Boundary Line (IMBL) since 2002 twice a year.
About the CORPAT:
The basic aim of CORPAT is to keep the Indian Ocean Region safe and secure for commercial shipping, international trade and conduct of legitimate maritime activities. CORPATs help build understanding and interoperability between navies and facilitate the institution of measures to prevent and suppress Illegal Unreported Unregulated (IUU) fishing, drug trafficking, maritime terrorism, armed robbery and piracy.
14 Tiger Reserves of India get (CA|TS) Recognition
From India, 14 tiger reserves have received the accreditation of the Global Conservation Assured Tiger Standards (CA|TS), on the occasion of International Tiger Day on July 29, 2021. The National Tiger Conservation Authority (NTCA) recognized the ‘BaghRakshaks’ for their efforts in protecting Tigers and forests. The NTCA’s quarterly newsletter STRIPES was also released during the event.
The 14 tiger reserves of India that have received prestigious global accreditation from CA|TS are:
- Mudumalai and Anamalai Tiger Reserves, Tamil Nadu
- Bandipur Tiger Reserve, Karnataka
- Parambikulam Tiger Reserve, Kerala
- Sunderbans Tiger Reserve, West Bengal
- Dudhwa Tiger Reserve, Uttar Pradesh
- Valmiki Tiger Reserve, Bihar
- Pench Tiger Reserve, Maharashtra
- Satpura, Kanha and Panna Tiger Reserves, Madhya Pradesh
Conservation Assured | Tiger Standards (CA|TS)
- CA|TS has been agreed upon as an accreditation tool by the global coalition of Tiger Range Countries (TRCs) and has been developed by tiger and protected area experts.
- Officially launched in 2013, it sets minimum standards for effective management of target species and encourages the assessment of these standards in relevant conservation areas.
- CA|TS is a set of criteria that allows tiger sites to check if their management will lead to successful tiger conservation.
- The Global Tiger Forum (GTF), an international NGO working on tiger conservation, and World Wildlife Fund India are the two implementing partners of the National Tiger Conservation Authority for CATS assessment in India.
HDFC Bank, ICICI and Axis pick up stake in blockchain start-up
Three of India’s biggest private lenders – ICICI Bank, HDFC Bank and Axis Bank have taken stakes in the blockchain financial technology firm IBBIC Pvt Ltd. HDFC Bank and Axis Bank invested ₹5 lakh each for the shares. ICICI Bank also said it has subscribed to 49,000 fully paid-up equity shares of face value ₹10 each of IBBIC constituting 5.44 per cent of the issued and paid-up share capital. It paid ₹4.9 lakh for the shares.
About the IBBIC:
IBBIC was incorporated on May 25 this year as a financial technology company with the objective of providing a platform for exploring, building, and implementing distributed ledger technology (DLT) solutions for the Indian financial services sector. About 15 banks have come together to set up IBBIC, with an aim to expand the use of blockchain applications in financial sector transactions.
Bharat BillPay appoints PayU’s Noopur Chaturvedi as new CEO
Bharat Bill Payment System has appointed former PayU and Airtel Payments Bank executive Noopur Chaturvedi as its new chief executive officer. Chaturvedi, prior to this appointment, was the country head for small and medium businesses at PayU. In a career spanning nearly two decades, she has worked with Airtel Payments Bank, Samsung, ING Vysya Bank and Citibank in various senior roles.
About the Bharat BillPay:
Bharat BillPay is an interoperable and integrated bill payment system for online as well as agent-based settlement of recurring bills. On April 1 this year, NPCI transferred all its BBPS mandates to a newly set up subsidiary called the NPCI Bharat BillPay Limited (NBBL), effectively hiving off its automated billing business. Founded in 2013.
Asha Bhosle to get prestigious Maharashtra Bhushan award 2021
The Maharashtra Bhushan Selection Committee chaired by Chief Minister Uddhav Thackeray has unanimously selected legendary playback singer Asha Bhosle for the prestigious award. Asha Bhosle is best known for her playback singing in Hindi cinema, although she has a wider repertoire. Bhosle’s career started in 1943 and has spanned over seven decades. She has done playback singing for over a thousand movies.
Asha Bhosle was officially acknowledged by the Guinness Book of World Records as the most recorded artist in music history. The Government of India honoured her with the Dadasaheb Phalke Award in 2000 and the Padma Vibhushan in 2008. Bhosle is the sister of playback singer Lata Mangeshkar and belongs to the prominent Mangeshkar family.
Graphic artist Anand Radhakrishnan wins prestigious Eisner award
Graphic artist Anand Radhakrishnan has won the prestigious Will Eisner Comic Industry Award, considered the Oscars equivalent of the comics world. The Eisner Awards are given out annually and the award won by Radhakrishnan “Best Painter/Multimedia Artist (interior art)” recognises the creator of a graphic novel’s art and images.
Radhakrishnan shares the award with UK-based colourist John Pearson. They won for their work on UK-based author Ram V’s 145-page graphic novel Blue In Green, published in October 2020 by Image Comics.
About the award:
The Eisner Awards were founded in 1988 by American comics editor Dave Olbrich, in response to the discontinuation of the popular Kirby Awards for comics in 1987. The Eisners are named in honour of the pioneering writer and artist Will Eisner. The awards are announced each year at the San Diego Comic-Con.
Rajasthan Government launches ‘Mission Niryatak Bano’
The Rajasthan government’s industries department and the Rajasthan State Industrial Development and Investment Corporation (RIICO) have launched the ‘Mission Niryatak Bano’ campaign to promote aspiring exporters in the state. The campaign is aimed at registering and handholding the local traders willing to expand their business to foreign countries, in six steps. This shall cover assistance from training, securing necessary documentation, registration in Rajasthan Export Promotion Council and even support in exports and trade operations.
The state government in consideration of the challenges of small businesses had waived off the need for several state-level clearances for the initial three years of upcoming businesses. The exporter assistance campaign shall be another step in helping the local business develop understanding towards the procedures and increase their business.
Important takeaways for all competitive exams:
- Chief Minister of Rajasthan: Ashok Gehlot; Governor: Kalraj Mishra.
PM Modi launches Academic Bank of Credit and Artificial Intelligence programme
PM Modi has launched multiple educational initiatives including the Academic Bank of Credit that will provide multiple entries and exit options for students in Higher education. Academic Bank of Credit is envisaged as a digital bank that holds the credit earned by a student in any course.
Academic Bank of Credit is a major instrument for facilitating multidisciplinary and holistic education and multiple entry and exit in higher education. Academic Bank of Credit and the Artificial Intelligence programme to make the youth future-oriented and open the way for an AI-driven economy.
Modi govt’s fiscal deficit touches 18.2% of annual target
The central government’s fiscal deficit stood at Rs 2.74 lakh crore or 18.2 per cent of the full year’s Budget estimate at the end of June, according to data released by the Controller General of Accounts (CGA). The fiscal deficit at the end of June 2020 was 83.2 per cent of the Budget Estimates (BE) of 2020-21.
The fiscal deficit or the gap between expenditure and revenue for 2020-21 was 9.3 per cent of the Gross Domestic Product (GDP), better than 9.5 per cent projected in the revised estimates in the Budget in February.
As per CGA data, the government received Rs 5.47 lakh crore (27.7 per cent of corresponding BE 2021-22 of total receipts) up to June 2021. The amount comprises Rs 4.12 lakh crore of tax revenues, Rs 1.27 lakh crore of non-tax revenues and Rs 7,402 crore of non-debt capital receipts. The receipts were 6.8 per cent of BE at the end of June 2020. Out of the total revenue expenditure, Rs 1.84 lakh crore was for interest payments and about Rs 1 lakh crore was on account of major subsidies.
