20.11.21 Daily CGPSC Current Affairs

 

CHHATTISGARH

Cow dung manures to replace chemical fertilizers: Baghel

Chhattisgarh Chief Minister Bhupesh Baghel on Sunday called upon farmers to leave dependency on chemical fertilizer. Instead, he urged them to use vermicompost or super compost manures.

He said Chhattisgarh was saved from a shortage of chemical fertilizer this Kharif season only because of vermicompost and super compost produced at the Gauthans. All this was because of blessings of Ma Kaushalya and Gau Mata.

These manures were a better alternative and keeping in view the possibility of shortage of chemical fertilizer like DAP in the future, the farmers should start using producing vermicompost and super compost, Baghel said.

Their use will also reduce the cost of farming, he added.

 

INTERNATIONAL

 

Japan’s PM announces a $490 billion stimulus program

 

Fumio Kishida, Japan’s Prime Minister, launched a record-breaking stimulus plan of over 56 trillion Japanese yen.

Highlights:

 By the end of 2021, the Japanese government will additionally create an additional budget to support the stimulus programme and provide needed assistance to the people.

 For those under the age of 18, the plan includes payments of 100,000 yen.

 It also includes financial assistance for struggling companies, as well as Kishida and other lawmakers.

 The bundle also includes enough content and scale to provide individuals with a sense of security and optimism.

 This stimulus defies a worldwide trend of reducing crisis-mode stimulus. It also adds to Japan’s already precarious financial situation.

 Because of large payouts to people and businesses affected by the covid-19 epidemic, the scale of spending was projected to be larger than 30-40 trillion yen by markets.

 

NATIONAL

 

Narayan Rane, Union Minister for MSME Launched Special Credit Linked Capital Subsidy Scheme (SCLCSS)

 

On the second day of the MSME North East Conclave, Union Minister for MSME Narayan Rane announced the Special Credit Linked Capital Subsidy Scheme (SCLCSS) for the services sector.

Highlights:

♦Senior authorities from the Ministry of MSME in Guwahati were also in attendance.

♦The scheme would assist companies in the services sector in meeting their technology-related requirements by providing a 25% capital subsidy for the purchase of plant and machinery, as well as service equipment, through institutional credit to SC-ST MSEs without any sector-specific limits on technology upgradation.

♦The Minister also congratulated North-eastern SC/ST entrepreneurs and encouraged young people to pursue entrepreneurship in order to become employment creators rather than job seekers. Shri Rane promised the youngsters that the Ministry of MSME will leave no stone unturned in their quest to become successful entrepreneurs.

 

After A Year Of Protests, Three Farm Laws Were Repealed

 

In his address on November 19, 2021, Prime Minister Narendra Modi said that the federal government will abolish all three agriculture laws.

Highlights:

♦ Farmers who are protesting were also asked to return to their houses.

♦ Farmers around the country began protesting the agricultural rules a year ago, and the decision to abolish them was made one year later.

♦ These laws will be repealed during Parliament’s Winter Session.

 

♦ Farmers’ main fear was that these regulations would eliminate the Minium Support Price (MSP), which is guaranteed by the government on certain crops.

♦ Farmers will soon be at the mercy of large corporations.

♦ In India, the majority of farmers are small-scale farmers, according to the Prime Minister.

♦ To assist these farmers, the central government uses a multi-faceted approach that includes everything from seed technology to crop insurance plans.

♦ The three farm bills were introduced to help small farmers by empowering and strengthening them.

♦ The government, on the other hand, was unable to persuade a group of farmers who were protesting. The laws were repealed in light of this.

 

The Reserve Bank of India has approved NSDL e-Governance as an Account Aggregator.

 

As an account aggregator, the Reserve Bank of India (RBI) has certified the “NSDL e-Governance Infrastructure.”

Highlights:

♦ The NSDL e-Governance Infrastructure is a provider of IT-enabled services.

♦ It received RBI’s in-principle clearance to start an account aggregator business through NSDL e-Governance Account Aggregator Ltd, a fully owned subsidiary.

♦ Account Aggregator (AA) model The Account Aggregator (AA) model, with its unique architecture for consent-based data exchange, has the potential to alter the way financial services are delivered.

♦ It’s a financial data-sharing system that has the potential to transform investing and lending.

♦ The Account Aggregator is a key component in enabling data democracy. It’s a first-of-its-kind permission system designed to give people control over their data.

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