DIRECTORATE GENERAL OF TRADE REMEDIES (DGTR)

In May 2018, Union Government created ‘Directorate General of Trade Remedies (DGTR)’. About: Parent body: The DGTR will function as an attached office of Department of Commerce. It replaces the ‘Directorate General of Anti-Dumping and Allied Duties’ in Department of Commerce. Function: It will be an umbrella National Authority for providing comprehensive and swift trade…

PM MODI’S VISIT TO NEPAL

• Arun-III hydro-electric project: Foundation stone of 900 MW Arun-III hydro-electric project in Nepal was laid which would enhance cooperation in the generation and trade of power between the two countries • Ramayan circuit: A direct bus service between Janakpur (Nepal) and Ayodhya, the two sacred cities for Hindus was inaugurated as part of a…

INDEPENDENT DIRECTORS

About: • According to the amendments in Companies (Appointment and Qualification of Directors) Rules, 2014, none of the relatives of an independent director should have any financial links with the company, its promoters or directors. • Why? •It has been done to improve corporate governance practices. •The Uday Kotak committee on corporate governance had also…

SAMARTH

About: • Samarth is a Scheme for capacity building in textile sector under the skill India mission. • Objective: To skill the youth for employment in the textile sector covering the entire value chain of textiles, excluding spinning and weaving. • Target: To train 10 lakh persons (9 lakhs in organised and 1 lakh in…

ATAL PENSION YOJANA

About: • Launched in: 2015. • Target group: It is primarily targeted at the unorganized sector and informal workers. • Eligibility condition: Indian Citizens between the age group of 18 to 40 years eligible to join APY through their savings bank account or post office savings bank account. • Monthly pension amount: It provides guaranteed…

MULTI-DIMENSIONAL POVERTY (MDP)

Findings: • Poverty level has declined from 55% to 21% between 2005-06 and 2015-16. • This has improved the country’s MDP ranking from 54 to 26 in a decade. Background: • In 2016, Union Cabinet of India adopted the ‘United Nations Fundamental Principles of Official Statistics’ so as to improve the quality of Official Statistics.…

DRONE SWARM

Drone SWARM was in news, and What is a Drone Swarm? • SWARM stands for Smart War fighting Array of Reconfigurable Modules. • It is another manifestation of nano-technology application in the Unmanned Aerial system (UAS) that     is fast emerging. • US, China and Russia have the possession of Drone Swarms. • How Dynamic Shapes were…

CHAMPION SERVICES SECTORS

In May 2018, President of India launched Champion Services Sectors scheme. About: Objective: To give focused attention to 12 identified Champion Services Sectors thereby promoting GDP growth, creating more jobs and promoting exports to global markets. Sectors included:    List of Champion Services Sectors:  • Information Technology & Information Technology enabled Services (IT & ITeS)…

INDIAN CULINARY INSTITUTE, NOIDA

In April 2018, Union tourism minister inaugurated the Noida campus of Indian Culinary Institute (ICI). About: The Noida campus is one of the two ICI campuses envisaged, the other being at Tirupati, Andhra Pradesh. The NOIDA campus of ICI will also have a state of the art “Indian Culinary Museum” where the rich historical and…