It is a scheme for the unorganised sector workers with monthly income upto Rs 15,000. A sum of Rs 500 crore has been allocated for the Scheme.This scheme shall provide an assured monthly pension of Rs 3,000 from the age of 60 years on a monthly contribution of a small affordable amount during their working age.An unorganised sector worker joining pension yojana at the age of 29 years will have to contribute only Rs 100 per month till the age of 60 years. A worker joining the pension yojana at 18 years, will have to contribute as little as Rs 55 per month only. The Government will deposit equal matching share in the pension account of the worker every month.
INSTEX will allow trade between the EU and Iran without relying on direct financial transactions.INSTEX is registered at Paris with an initial 3,000 Euros in the capital and a supervisory board with members from France and Germany and chaired by the UK.It is a project of the governments of France, Germany and Britain and will receive the formal endorsement of all 28 EU members.It will initially be used for non-sanctionable trade, including humanitarian goods such as medicine, food and medical devices.
The U.S is suspending its obligations under the Intermediate-Range Nuclear Forces (INF) Treaty effective February 2 and will withdraw from the treaty in six months.
It is unclear what INF-prohibited systems the United States could deploy to Europe or Asia in the near term. The U.S. military has not developed any land-based missiles within the prohibited ranges for decades and has only just started funding a new ground-launched cruise missile to match the 9M729.
Moscow is in a very different position and could rapidly expand deployment. The number of operational 9M729 missiles has been quite limited, but released from its official obligations under the treaty, Moscow could deploy more units rapidly.
Russia could also effectively reclassify the RS-26 Rubezh, an experimental system that has been tested just above the INF Treaty’s 5,500-kilometer limit. To avoid violating the INF, Russian officials previously described the RS-26 as an intercontinental ballistic missile. However, it could form the basis for a missile of a slightly shorter range if Moscow wished to boost its INF forces — without counting it under the U.S.-Russian New Strategic Arms Reduction Treaty, or New START, governing longer-range systems.
This move is also likely to undermine the 2010 New START treaty governing U.S. and Russian long-range nuclear systems. The INF Treaty’s demise will undercut New START by reopening questions on the relationship between intermediate and strategic systems that have been resolved for 30 years by the elimination of ground-based, intermediate-range missiles.
The Reserve Bank of India (RBI) has lifted the Prompt Corrective Action (PCA) framework operational curbs on Bank of India (BoI), Bank of Maharashtra (BoM) and Oriental Bank of Commerce (OBC). PCA norms allow the regulator to place certain restrictions such as halting branch expansion and stopping dividend payment. It can even cap a bank’s lending limit to one entity or sector. Other corrective action that can be imposed on banks include special audit, restructuring operations and activation of recovery plan. Banks’ promoters can be asked to bring in new management, too. The RBI can also supersede the bank’s board, under PCA.Small and medium enterprises will have to bear the brunt due to this move by RBI. Since the PCA framework restricts the amount of loans banks can extend, this will definitely put pressure on credit being made available to companies especially the MSMEs.Large companies have access to the corporate bond market so they may not be impacted immediately. It has been predicted that if more state-owned banks are brought under PCA, it will impact the credit availability for the MSME segment.
To provide an assured income support to the small and marginal farmers, the Government is launching the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN).
Around 12 crore small and marginal farmer families are expected to benefit from this. It would not only provide assured supplemental income to the most vulnerable farmer families, but would also meet their emergent needs especially before the harvest season. It would pave the way for the farmers to earn and live a respectable living.
The policy will impact global e-commerce players like Walmart-owned Flipkart and Amazon, who would have to change their business structures to comply with the new policy, which was announced late in December.
The new norms could take a massive toll on the earnings of Amazon and Flipkart. Earlier this month, both the e-commerce companies had asked that the deadline be extended by 4 and 6 months respectively, leading to traders’ opposition.
National Salt Satyagraha Memorial has been opened at Dandi in Navsari district, Gujarat. It was dedicated to the nation on the occasion of Mahatma Gandhi’s 71st death anniversary (30th January).
The memorial encapsulates the ideals of Mahatma Gandhi- Agrah for Swadeshi, Swatchagrah and Satyagraha.
On March 12, 1930, Mahatma Gandhi embarked a historic Salt March from Sabarmati Ashram in Gujarat’s Ahmedabad to the village of Dandi in the state’s coastal area to protest against the steep tax the British levied on salt. The Salt March began on March 12, 1930 and continued till April 6, 1930.
It was a 24-day Salt March, which was non-violent in nature, is historically significant as it led to the mass Civil Disobedience Movement.
Corruption Perception Index 2018 has been released.The index ranks 180 countries and territories by their perceived levels of public sector corruption according to experts and businesspeople. It uses a scale of 0 to 100, where 0 is highly corrupt and 100 is very clean.
Denmark is the world least corrupt country scoring 88 out of 100 points. Denmark is followed by New Zealand and Finland. Somalia has been ranked last with a score of 10 behind South Sudan and Syria.India’s ranking increased from 81st in 2017 to 78 in 2018. India had slid from 79th rank in 2016. Since India gears up for general elections, there was a little significant movement in its CPI score, which moved from 40 in 2017 to 41 in 2018.
BioChem USA and Department of Industries, Government of Gujarat today signed MoU in the presence of Gujarat Chief Minister Mr. Vijay Rupani for Biorefinery in Dahej P.C.P.I.R.
Mr. Yogi Sarin from BioChem and Principal Secretary of Industries and Mines Mr. M. K. Das signed the MoU. This plant will be setup with investment of around Rs. 3000 crore and will generate around 2000 employment.
Under this Mou, Annually round 10 lakh tonnes of corn and 3 lakh tonnes bio mass production plant will be setup in Dahej P.C.P.I.R. in which, protein feed for animals, biofuel ethanol, edible corn oil or biodiesel will be produced. It is worth to point out here that this plant is zero liquid discharge plant and protect environment. Biofuels project will be operational within 24 to 30 months.On the occasion Additional Chief Secretary to Finance Department Mr. Arvind Agarwal, Industries Commissioner Mrs. Mamta Verma, GIDC MD Smt. D. Thara, iNDEXTb MD Mr. Rajkumar Beniwal remained present.
The Appointments Committee of the Cabinet has, based on the panel recommended by the Committee constituted as per Section 4A(1) of the Delhi Special Police Establishment Act, 1946, approved the appointment of Shri Rishi Kumar Shukla, IPS(MP:1983) as Director, Central Bureau of Investigation (CBI) vice Shri Alok Kumar Verma, IPS(AGMU:1979), for a period of two years from the date of assumption of charge of the office.
India’s Smriti Mandhana has attained the top spot in the ICC ODI rankings for batswomen.
In the latest rankings released yesterday, the 22-year old left-handed opener jumped three places to grab the number one spot.
Smriti was the player of the series in the recently-concluded three-match ODI series against New Zealand. She had scored 105 and 90 in the first two ODIs, helping India to a rare series win in New Zealand. Ellyse Perry is second in the rankings, while another Aussie Meg Lanning is third. Indian ODI skipper Mithali Raj has slipped to the fifth position.