CHHATTISGARH

Baghel urges FM for financial aid for small, medium bizmen

 

Chhattisgarh chief minister Bhupesh Baghel  urged Union finance minister Nirmala Sitharaman to provide financial assistance for the small and medium businessmen across state.

Chhattisgarh Chamber of Commerce and Industries has demanded certain immediate relief to help them overcome this crisis.

Baghel has stated in the letter that as April is the first month of the financial year 2021-22, the due date for obligations under TDS and TDS Act is scheduled for this month. However, the economic activities in the state have been suspended for Covid-19 containment, because of which the businessmen are finding it difficult to tally their accounts and file returns in the given time period before the due date.

INTERNATIONAL

ASEAN Initiative on the State of Myanmar

The Government of India currently welcomed the ASEAN (Association of Southeast Asian Nations) Initiative on Myanmar.

The ASEAN launched a five-point announcement on the Myanmar crisis. Under the statement, the ASEAN countries have demanded “Immediate Cessation of Violence”. The 5 points of the initiative are as follows:

 Issue: The military of Myanmar brushed aside the Government headed via Aung San Suu Kyi in February 2021.

 Criticisms: The five-point consensus used to be created between the ASEAN international locations and the modern army leader who seized power. There have been huge protests in the united states of America considering the navy coup. The consensus is being criticised that ASEAN is encouraging a navy coup. Also, the consensus did not mention a timeline. It also not noted the political prisoners in Myanmar.

 

Report on Trends in Global Military Expenditure

The Stockholm International Peace Research Institute (SIPRI) uneviled its report on developments in international army expenditure in 2020.

The five biggest spenders in 2020, which collectively accounted for 62 per cent of world military expenditure, had been the United States, China, India, Russia and the United Kingdom.

The world’s pinnacle military spenders saw their military spending go up compared to 2019, even all through a pandemic year.

The US spent a complete of $778 billion, China spent $252 billion and India’s navy expenditure used to be $72.9 billion.

In total, the global navy expenditure rose to $1981 billion last year, and amplify of 2.6 per cent in real phrases from 2019.

World Press Freedom Day is on 3rd May

May 3 is World Press Freedom Day to celebrate the basic principles of press freedom and defend the media from the attacks on its independence every year.

World Press Freedom Day is also known as World Press Day. This day also pays tribute to the reporters who lost their lives.

The UN General Assembly announced the news on May 3 to spread people’s awareness of the importance of press freedom in terms of its functions, information provision, and significance and awaken the government to fulfil its responsibility to uphold and respect the right to freedom of speech.

 

 

NATIONAL

Reserve Bank of India (RBI) joins Network for Greening the Financial System- NGFS

 

The Reserve Bank of India (RBI) has recently joined the Network for Greening the Financial System (NGFS). By joining the system, the Reserve Bank of India will learn from the financial sector and contribute to global climate risk management. Ultimately, Apex Bank will work with its global partners to support the transition to a sustainable economy.

 

The system is made up of 83 different central banks. There are 75 participants and 13 observers among them.

The system’s main goal is to increase and accelerate green finance.

It was revealed in 2017 at the One Planet Summit in Paris.

 

Launch of Operation Samudra Setu

 

The Indian Navy has initiated Operation Samudra Setu-II to support the ongoing national mission to meet the country’s oxygen needs.

 

In support of India’s battle against COVID-19, mission-deployed Indian Naval Warships will ship liquid Oxygen-filled cryogenic containers and related medical equipment.

Two ships, the INS Kolkata and the INS Talwar have arrived in Bahrain’s port of Manama to embark and transport 40MT of liquid oxygen to Mumbai.

The INS Jalashwa and INS Airavat are on their way to Bangkok and Singapore, respectively, for similar missions.

As part of the Vande Bharat Mission, the Indian Navy conducted Operation Samudra Setu last year, repatriating approximately 4,000 stranded and distressed Indian people from the Maldives, Sri Lanka, and Iran.

New Framework for Implementation Of The SVAMITVA Scheme

 

To commemorate the nationwide roll-out of the SVAMITVA Scheme, Union Minister for Panchayati Raj released a new system for its implementation. It lays out a comprehensive road map and set of guidelines for the different States in terms of the Scheme’s goals, coverage, various components involved, year-by-year funding pattern, survey approach and methodology, stakeholders involved and their positions and responsibilities, monitoring and assessment, and deliverables.

 

It was nationally launched by the Prime Minister on the occasion of National Panchayati Raj Day on April 24, 2021, following the successful completion of the Scheme’s pilot phase in nine states.

The Goal is to provide property rights to residents of rural populated areas in India through the use of drone surveys and CORS Networks, which provide mapping precision of 5 centimetres.