5 January, 2021
Government Implementing Rs 320 cr project for 5 Ports to Enable Digital Ecosystem
i.In accordance with the Ministry of Ports, Shipping and Waterways, the government is implementing a Rs 320-crore Enterprise Business System (EBS) at five major ports of Mumbai, Chennai, Deendayal, Paradip, Kolkata (including Haldia) to provide a digital port ecosystem.
ii.Also, a centralised web-based port community system (PCS) has been operationalised across all major ports to enable seamless data flow between various stakeholders through common interface.
About Ministry of Ports, Shipping and Waterways:
Minister of State (MoS)– Mansukh Mandaviya
Secretary– Dr. Sanjeev Ranjan
MoD signs Contract with BEL to Supply Indigenous 10 Lynx U2 Fire Control systems for Indian Navy
i.Ministry of Defence (MoD) has signed a contract with Bharat Electronics Limited (BEL) for procurement of 4thgeneration 10 Lynx U2 Fire Control systems for frontline warships of Indian Navy at a cost of Rs 1,355 crore under Buy (Indian) category in New Delhi.
ii.The Lynx system has been designed and developed indigenously on the lines of “Atmanirbhar Bharat”.
iii.These will be delivered by BEL over the next five years.
About Bharat Electronics Limited (BEL):
Chairman & Managing Director (CMD)– M V Gowtama
Headquarter– Bengaluru, Karnataka
About Ministry of Defence (MoD):
Union Minister– Rajnath Singh
Minister of State (MoS)– Shripad Yesso Naik
TRIFED to Promote Products of North–East in collaboration with DoNER & India Post
i.Tribal Cooperative Marketing Development Federation of India Limited (TRIFED) under Ministry of tribal Affairs (MoTA) formulated a proposal to collaborate with Ministry of Development of North Eastern Region (DoNER) and India Post for implementing marketing and logistic intervention to promote traditional tribal products of the North Eastern states.
ii.This collaboration is on the lines of ‘Act East policy’ of the government to promote economic, strategic and cultural relations with Asia-Pacific region.
iii.It will also contribute towards Aatmanirbhar Bharat Abhiyan, Vocal for Local, and Buy Tribal initiative of the Government.
About Tribal Cooperative Marketing Development Federation of India Limited (TRIFED):
Managing Director– Pravir Krishna
Headquarter– New Delhi
About Ministry of Development of North Eastern Region (DoNER):
Minister of State (Independent Charge)– Dr. Jitendra Singh
Secretary– Dr. Inder Jit Singh
India’s April-November Fiscal Deficit is 135.1% of full-year target
In accordance with the data released by the Controller General of Accounts, India’s fiscal deficit stood at Rs 10.75 lakh crore at the end of November 2020 which is 135.1% of the budget estimate for FY21. The Net tax receipts were 6.88 trillion rupees, while total expenditure came to Rs 19.06 trillion.
–GDP (Gross Domestic Product) contraction moderated to 7.5% in the Q2FY21 (September 2020).
–The government’s total expenditure up to November rose 4.7% to Rs 19.06 lakh crore.
–Capital expenditure stood at 58.5% of the estimate against 63.3% in FY20.
–Only 62.7% of the budgeted expenditure for the year had been spent by November, 2020 lower than the 65.3% recorded a year earlier.
RBI Launched Jan 2021 Round of “Consumer Confidence Survey” & “Inflation Expectations Survey of Households”
i.The Reserve Bank of India (RBI) launched the January 2021 round of household surveys namely “Inflation Expectations Survey of Households (IESH)” and “Consumer Confidence Survey (CCS)” to represent inflation expectations and consumer confidence. These surveys will act as useful inputs for RBI’s monetary policy which is scheduled to be announced by Monetary Policy Committee (MPC) on February 3-5, 2021.
ii.It should be noted that both surveys will be conducted by the Mumbai (Maharashtra) based agency, M/s Hansa Research Group Pvt. Ltd., on behalf of the RBI surveys through face-to-face interviews as well as telephonically.
iii.These surveys are conducted on a regular basis.
iv.In accordance with RBI’s “Quarterly Basic Statistical Returns (BSR)-1: Outstanding Credit of Scheduled Commercial Banks (SCBs), September 2020”, Bank credit growth on y-o-y basis stood at 5.4% in Q2FY21 compared to 5.7% growth in the Q1FY21.
About Reserve Bank of India (RBI):
Formation– 1 April 1935
Governor– Shaktikanta Das
Headquarters– Mumbai, Maharashtra
Deputy Governors– 4 (Bibhu Prasad Kanungo, Mahesh Kumar Jain, Michael Debabrata Patra, and M Rajeswar Rao)
IAF Chief Air Marshal RKS Bhadauria launched IAF e-Governance portal – “e-office”
Chief of Air Staff, Air Chief Marshal RKS Bhadauria launched the “e-office”, Indian Air Force(IAF) E-governance portalover a virtual ceremony at the Air Headquarters, Vayu Bhavan, New Delhi. The portal is developed and implemented by the National Informatics Centre (NIC).
This indigenously designed portal is customized to meet the filing system requirements of IAF. The project started in April 2020 with a proposed date of completion of 1st January 2021.
This is a part of the Digital India and e-governance initiative which aims to transform the IAF to paperless office workflow.
Indian Army Creates a New Human Rights cell; Major General Gautam Chauhan Becomes 1st ADG, Human Rights
Indian Army has created a new human right cell at its headquarters(New Delhi). Major General Gautam Chauhan has been appointed as the 1st Additional Director General-ADG (Human Rights-HR). He will function under the Indian Army Vice Chief Lieutenant General SK Saini. This is the 1st time, Indian army has appointed a major general rank officer to examine the human rights issue and suggest means to better the track record of the force. This appointment is part of the ongoing restructuring of Indian Army headquarters.
Soma Mondal Becomes 1st Woman Chairman of SAIL; Succeeds Anil Kumar Chaudhary
Soma Mondal took charge as the chairman of Steel Authority of India Limited (SAIL). She becomes the 1st woman chairperson of SAIL. She succeeds Anil Kumar Chaudhary who superannuated on December 31, 2020. Prior to this appointment Soma Mondal was serving as the Director (Commercial) of SAIL.
About Soma Mondal
i.She started her career as the Graduate Engineer Trainee at National Aluminium Company Limited (NALCO) and was later elevated as the Director (Commercial).
ii.After her service with NALCO, she later joined SAIL in 2017 as the Director (Commercial)
iii.At SAIL, she was instrumental to introduce new marketing strategies and products.
SAIL launched niche branded products like NEX (Structural) and SAIL SeQR (TMT bars) under her leadership.