July, 2022 - ATES POST - Advanced Trending Embedded Solutions Post

Time for India to adopt Global Best standards in Cotton Productivity

An interactive meeting with stakeholders of Cotton Textile Value Chain on improving cotton productivity & branding of Indian Cotton was held at Vanijya Bhawan New Delhi, today in the august presence of Shri Narendra Singh Tomar, Minister of Agriculture & Farmers’ Welfare, Shri Piyush Goyal, Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution and Textiles and Smt. Darshana V. Jardosh, Minister of State for Textiles & Railways.

Shri Piyush Goyal , Union Minister for Commerce & Industry , Textiles , Consumer Affairs and Food & Public Distribution said that its time for India to adopt world standards in Cotton Productivity. He also said that all stakeholders must share best practices to boost cotton productivity in India to boost farmer incomes.

Speaking on the occasion Shri Goyal said that Private sector must contribute to boost research in productivity , farmers education as well as branding to which Government would provide matching support. Asserting integrated approach, Shri Goyal said that private sector has to act in a Mission mode to strengthen the Cotton Value Chain. He further added that we need to brand our own cotton which is good quality by equal contribution from Industry. Action on reducing contamination issues like coloured HDPE. Master plan to be worked out by industry within one week.

Shri Goyal said that cotton works like a bridge between the agriculture and textile sector. Cotton-based products have significant share of total Textiles & Apparel products both at Domestic and International level. With Market access opening through FTAs, it is but imperative to get our act together to enhance Productivity and Quality both. Shri Goyal said that we need to bring back our dominance in the global cotton industry and India looks at Textiles as a key sector that will help us build an “Aatmanirbhar Bharat”. He also said that Centre is working on ‘ 5F ’ vision of Hon’ble PM: ‘Farm to Fibre; Fibre to Factory; Factory to Fashion; Fashion to Foreign’ . It may be noted that Textile sector has taken giant strides from RoSCTL to RoDTEP& NTTM to PM Mitra for increasing cotton and textiles production in India . Agreements for duty-free access of Textiles with Australia & UAE have given a new impetus to the trade and similar agreements with EU, UK & Canada are being negotiated.

Shri Goyal said that it is vital to increase yield and profit margins for our cotton farmers by creating awareness about right seeds and encouraging farmers to adopt modern technology and progressive agricultural practices. Appreciating the examples of good work done by some FPOs, CITI CDRA etc, he expects replication to achieve better results across the board.

Speaking at the meeting, Shri Narendra Tomar, Union Minister for Agriculture and Farmer’s Welfare said that Growth of Cotton Production and Productivity is vital to employment growth in Country. He said that Short term and Long term strategies are needed to be worked out for boosting productivity. Shri Tomar said that High Density farming and micro-irrigation are key to boosting cotton productivity in large parts of the nation.

In first of its kind meeting at the level of Union Ministers of Agriculture and Textiles both, core issues pertaining to cotton value chain were deliberated at length with outcome oriented targets assigned to Industry Captains and Govt Functionaries alike.Shri Upendra Prasad Singh, Secretary Textiles, Shri Vijoy Kumar Singh, Special Secretary, Senior Officials from the Union Ministries of Textiles, Agriculture & Farmer’s Welfare, Commerce, Environment, Forest and Climate Change, Officials from Research and Development sector, Senior Officials from Corporations, farmers, seed industry and stakeholders were present. The whole of textile value chain was represented in the consultations through lead associations and experts in the meeting.

23Jul

Lok Sabha passes the Indian Antarctic Bill, 2022

Aimed at having India’s own national measures for protecting the Antarctic environment and dependent and associated ecosystem

Introducing the Bill in Lok Sabha, Union Minister of Earth Sciences Dr Jitendra Singh says, it provides harmonious policy and regulatory framework for India’s Antarctic activities through well-established legal mechanism

The Bill proposes to set-up Indian Antarctic Authority (IAA) under the Ministry of Earth Sciences as the apex decision making authority: Dr Jitendra Singh

Lok Sabha today passed the Indian Antarctic Bill, 2022 moved by Minister of Earth Sciences Dr Jitendra Singh. The Bill aims at having India’s own national measures for protecting the Antarctic environment as also the dependent and associated ecosystem.

Lok Sabha passes the Indian Antarctic Bill, 2022 aimed at having India’s own national measures for protecting the Antarctic environment and dependent and associated ecosystem.

1/2https://t.co/c2pQCj5oSs pic.twitter.com/BKrVrA1vtE
— PIB India (@PIB_India) July 22, 2022

22Jul

Strengthen the Har Ghar Tiranga Movement : PM

The Prime Minister, Shri Narendra Modi has urged people to strengthen the Har Ghar Tiranga Movement. Shri Modi also recalled the monumental courage and efforts of those who dreamt of a flag for free India. He has also shared some interesting nuggets from history including details of the committee associated with our Tricolour and the first Tricolour unfurled by Pandit Nehru. He said that 22nd July has a special relevance in our history as on this day in 1947, our National Flag was adopted.

In a series of tweets, the Prime Minister said;

“This year, when we are marking Azadi Ka Amrit Mahotsav, let us strengthen the Har Ghar Tiranga Movement. Hoist the Tricolour or display it in your homes between 13th and 15th August. This movement will deepen our connect with the national flag.”

“Today, 22nd July has a special relevance in our history. It was on this day in 1947 that our National Flag was adopted. Sharing some interesting nuggets from history including details of the committee associated with our Tricolour and the first Tricolour unfurled by Pandit Nehru.”

“Today, we recall the monumental courage and efforts of all those who dreamt of a flag for free India when we were fighting colonial rule. We reiterate our commitment to fulfil their vision and build the India of their dreams.”

21Jul

NITI Aayog Releases Report on Digital Banks

NITI Aayog’s report makes a case and offers a template and roadmap for a licensing and regulatory regime for digital banks. It focuses on avoiding any regulatory or policy arbitrage and offers a level playing field to incumbents as well as competitors.
The report was released today by NITI Aayog Vice Chairman Suman Bery and CEO Parameswaran Iyer and Senior Adviser Anna Roy, in the presence of other officials.
‘Given the need for leveraging technology effectively to cater to the needs of banking in India, this report studies the prevailing gaps, the niches that remain underserved, and the global regulatory best practices in licensing digital banks,’ said CEO Parameswaran Iyer.

You need to read – Government undertakes several initiatives to promote electronics manufacturing in India

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The report recommends a carefully calibrated approach, comprising the following steps:

Issue of a restricted digital bank licence (to a given applicant) (the license would be restricted in terms of volume/value of customers serviced and the like).

Enlistment (of the licensee) in a regulatory sandbox framework enacted by the Reserve Bank of India.

Issue of a ‘full-scale’ digital bank licence (contingent on satisfactory performance of the licensee in the regulatory sandbox, including salient, prudential and technological risk management).

The report also maps prevalent business models in this domain and highlights the challenges presented by the ‘partnership model’ of neo-banking—which has emerged in India due to a regulatory vacuum and in the absence of a digital bank licence.
The methodology for the licensing and regulatory template offered by the report is based on an equally weighted ‘digital bank regulatory index’. This comprises four factors—(i) entry barriers; (ii) competition; (iii) business restrictions; and (iv) technological neutrality. The elements of these four factors are then mapped against the five benchmark jurisdictions of Singapore, Hong Kong, United Kingdom, Malaysia, Australia and South Korea.
The Context for the Case of Digital Banks in India: Financial Inclusion
In recent years, India has made rapid strides in furthering financial inclusion, catalysed by the Pradhan Mantri Jan Dhan Yojana and India Stack. However, credit penetration remains a policy challenge, especially for the nation’s 63-million-odd MSMEs that contribute 30% to GDP, 45% to manufacturing output, and 40% to exports, while creating employment for a significant section of the population.
Over the past few years, thanks to digitization—ushered in by the Jan Dan-Aadhar-Mobile (JAM) trinity and Aadhaar—financial inclusion has become a reality for Indians. This has only been furthered by the Unified Payments Interface (UPI), which has witnessed extraordinary adoption. UPI recorded over 4.2 billion transactions worth ₹7.7 trillion in October 2021. The platform approach taken by the government in conceptualizing UPI has resulted in valuable payment products being developed on top of it. As a result, payments can now be made with a click not just at retail outlets but also peer to peer—completely redefining the way in which money is transferred between individuals.
A ‘whole-of-India approach’ towards financial inclusion has also resulted in Direct Benefit Transfer through apps such as PM-KISAN and extending microcredit facilities to street vendors through PM-SVANIDHI.
India has also taken steps towards operationalizing its own version of ‘open banking’ through the Account Aggregator (AA) regulatory framework enacted by the Reserve Bank of India. Once commercially deployed, the AA framework is envisaged to catalyse credit deepening among groups that have been hitherto under-served.
The success that India has witnessed on the payments front is yet to be replicated when it comes to the credit needs of its micro, small and medium businesses. The current credit gap and the business and policy constraints reveal a need for leveraging technology effectively to cater to these needs and bring the under-served further within the formal financial fold.
This report has been prepared by NITI Aayog based on inter-ministerial consultations. Last year, NITI Aayog had released a discussion paper on the subject for wider stakeholder consultations. Comments received from 24 organizations were examined and have been suitably addressed in the final report.
Department of Financial Services Additional Secretary (AS) Suchindra Misra, MeitY AS Amit Aggarwal, MSME Assistant Development Commissioner Dr Ishita Ganguli Tripathy and Indian Banks’ Association Chairman Atul Kumar Goel were also present during today’s launch.

20Jul

Government undertakes several initiatives to promote electronics manufacturing in India

Free Guest Posting Website: The government is very focused on its important objective of building the overall semiconductor ecosystem and ensure that, it in-turn catalyses India’s rapidly expanding electronics manufacturing and innovation ecosystem.

As a result of several initiatives taken by the Government and efforts of the industry, the domestic production of electronic goods has increased substantially from Rs. 2,43,263 crore (USD 37 billion) in 2015-16 to Rs. 5,54,461 crore (USD 74.7 billion) in 2020-21 growing at a Compound Annual Growth Rate (CAGR) of 17.9%. Many policies of the Government including the flagship Production Linked Incentive (PLI) Schemes, Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors, Modified Electronics Manufacturing Cluster (EMC 2.0) Scheme are major steps towards making India “AtmaNirbhar” in electronics manufacturing.

As semiconductors form a major part of all electronic products, as a result of growth in electronics manufacturing sector, semiconductor market in India has also witnessed proportionate growth over the last few years. As per the industry estimate, the semiconductor consumption in India was around INR 1.1 lakh crore in year 2020 which is being met through imports due to absence of commercial semiconductor fabs in India.

The government is very focused on its important objective of building the overall semiconductor ecosystem and ensure that, it in-turn catalyses India’s rapidly expanding electronics manufacturing and innovation ecosystem. This vision of AtmaNirbharta in electronics & semiconductors was given further momentum by the Union Cabinet chaired by the Hon‟ble Prime Minister approving the Semicon India programme with a total outlay of INR 76,000 crore for the development of semiconductor and display manufacturing ecosystem in our country. The programme aims to provide financial support to companies investing in semiconductors, display manufacturing and design ecosystem. This will serve to pave the way for India’s growing presence in the global electronics value chains.
Following four schemes are introduced under the aforesaid programme:

Scheme for setting up of Semiconductor Fabs in India provides fiscal support to eligible applicants for setting up of Semiconductor Fabs which is aimed at attracting large investments for setting up semiconductor wafer fabrication facilities in the country. Following fiscal support has been approved under the scheme:

28nm or Lower – Up to 50% of the Project Cost

Above 28 nm to 45nm – Up to 40% of the Project Cost

Above 45 nm to 65nm – Up to 30% of the Project Cost

Scheme for setting up of Display Fabs in India provides fiscal support to eligible applicants for setting up of Display Fabs which is aimed at attracting large investments for setting up TFT LCD / AMOLED based display fabrication facilities in the country. The Scheme provides fiscal support of up to 50% of Project Cost subject to a ceiling of INR 12,000 crore per Fab.

Scheme for setting up of Compound Semiconductors / Silicon Photonics / Sensors Fab and Semiconductor Assembly, Testing, Marking and Packaging (ATMP) / OSAT facilities in India: The Scheme provides a fiscal support of 30% of the Capital Expenditure to the eligible applicants for setting up of Compound Semiconductors / Silicon Photonics (SiPh) / Sensors (including MEMS) Fab and Semiconductor ATMP

/ OSAT facilities in India.

Design Linked Incentive (DLI) Scheme offers financial incentives, design infrastructure support across various stages of development and deployment of semiconductor design for Integrated Circuits (ICs), Chipsets, System on Chips (SoCs), Systems & IP Cores and semiconductor linked design. The scheme provides “Product Design Linked Incentive” of up to 50% of the eligible expenditure subject to a ceiling of Rs. 15 Crore per application and “Deployment Linked Incentive” of 6% to 4% of net sales turnover over 5 years subject to a ceiling of Rs. 30 Crore per application.

In addition to the above schemes, Government has also approved modernisation of Semi- Conductor Laboratory, Mohali as a brownfield Fab.

Applications have been invited under various schemes for setting up of Semiconductor facilities. So far 23 applications have been received which are under evaluation.

Setting up of Semiconductor unit requires huge investments and necessitates suitable infrastructure like availability of uninterrupted Power and Clean Water. Further, Semiconductors manufacturing is a very complex and technology-intensive sector with huge capital investments, high risk, long gestation and payback periods, and rapid changes in technology which require significant and sustained investments. However, the Government is committed to make all round efforts to develop semiconductors and display manufacturing ecosystem in India.

This information was given by the Minister of State for Electronics & Information Technology, Shri Rajeev Chandrasekhar in a written reply to a question in Lok Sabha today.

Bioeconomy will be key to India’s future economy over the next 25 years.

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19Jul

Bioeconomy will be key to India’s future economy over the next 25 years.

Bioeconomy will be key to India’s future economy over the next 25 years.
Releasing India’s Bioeconomy Report 2022, Dr Jitendra Singh pointed out that India’s Bioeconomy has reached over 80 billion US Dollars in 2021 recording 14.1% growth over $70.2 billion in 2020. Noting the rapid growth in the sector, the Minister said, Bioeconomy is likely to touch 150 billion dollars by 2025 and over 300 billion dollars by 2030.

Steps by Government of India to promote renewable energy in the country

Against the target of achieving 175 GW of Renewable Energy (excluding Large Hydro) installed capacity by 2022, a total of 114.07 GW renewable energy capacity (excluding large hydro) has been installed in the country as on 30-06-2022. Further, a capacity of 60.66 GW is under various stages of implementation and a capacity of 23.14 GW is under various stages of bidding.
The Government has taken several steps to promote renewable energy in the country. These include :

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Bioeconomy will be key to India’s future economy over the next 25 years.

Permitting Foreign Direct Investment (FDI) up to 100 percent under the automatic route,

Waiver of Inter State Transmission System (ISTS) charges for inter-state sale of solar and wind power for projects to be commissioned by 30th June 2025,

Declaration of trajectory for Renewable Purchase Obligation (RPO) up to the year 2022,

Setting up of Ultra Mega Renewable Energy Parks to provide land and transmission to RE developers on a plug and play basis,

Schemes such as Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM), Solar Rooftop Phase II, 12000 MW CPSU Scheme Phase II, etc,

Laying of new transmission lines and creating new sub-station capacity under the Green Energy Corridor Scheme for evacuation of renewable power,

Setting up of Project Development Cell for attracting and facilitating investments,

Standard Bidding Guidelines for tariff based competitive bidding process for procurement of Power from Grid Connected Solar PV and Wind Projects.

Government has issued orders that power shall be dispatched against Letter of Credit (LC) or advance payment to ensure timely payment by distribution licensees to RE generators.

This information was given by Shri Bhagwanth Khuba, Minister of State for New and Renewable Energy in a written reply in Rajya Sabha today.

18Jul

NITI Aayog and WFP to Launch Initiative on Mainstreaming Millets in Asia and Africa

NITI Aayog and the World Food Programme (WFP), India, will launch the ‘Mapping and Exchange of Good Practices’ initiative for mainstreaming millets in Asia and Africa on 19 July 2022 in a hybrid event.
NITI and WFP will prepare a compendium of good practices for scaling up the production and consumption of millets in India and abroad.
The event will be inaugurated by NITI Aayog Vice Chairman Suman Bery in the presence of Member Prof. Ramesh Chand and Adviser Dr Neelam Patel, WFP Representative and Country Director India Bishow Parajuli, National Rainfed Area Authority CEO Dr Ashok Dalwai, and Agriculture Ministry Joint Secretary Shubha Thakur.
Representatives from ICAR, Central and state government departments, Krishi Vigyan Kendras, industry, Central and state agriculture universities, FPOs, NGOs, start-ups, academic and research institutions, and international organizations such as the International Crops Research Institute for the Semi-Arid Tropics (ICRISAT), Food Agriculture Organization (FAO), International Commission on Irrigation and Drainage (ICID), etc., will also participate in the event.

PM’s statement ahead of Monsoon session of Parliament, 2022

18Jul

PM’s statement ahead of Monsoon session of Parliament, 2022

Namaskar friends,

This session has a connection with weather. Now monsoon is fast approaching in Delhi too. Yet the temperature outside is not dropping and I am not sure if the heat inside the House will also subside or not. This period is extremely significant as we are celebrating ‘Azadi Ka Amrit Mahotsav’. August 15 holds special significance; and after 25 years when the country celebrates the centenary of Indian Independence, we should plan on how our journey of 25 years should be like; how fast can we stride ahead and how can we reach newer heights? This period is about making such resolutions and giving a direction to the nation by being devoted to those resolutions. The House should lead the country. All the honourable members of the House should become instrumental in instilling new energy into the nation. Therefore, this session is also very important from that point of view.

This session is also crucial because elections to the posts of President and the Vice President are being held at the same time. Voting is also underway today. And in this period, the tenure of the new President and the new Vice-President will also begin.

Prime Minister Shri Narendra Modi’s Inaugural Speech at the Quad Leaders Summit

We always consider the House as an efficient medium of communication, a pilgrimage centre where a dialogue and discussion can take place with an open mind. Debates, criticism and a detailed analysis of things also take place to make a very positive contribution to policies and decisions. I would urge all the respected MPs to make the House as much productive and fruitful as possible with deep thinking and a deep and detailed discussion. That’s why everyone should co-operate and democracy thrives only through everyone’s efforts. The House runs because of everyone’s efforts. It is with the efforts of everyone that the House takes the best decision. And therefore, while fulfilling our duties to enhance the dignity of the House, we should make the most use of this session in the national interest. And we should always remember that we need to fulfil the dreams of those who had dedicated their youth and their entire lives for freedom, and had spent their lives in jails and the sacrifices they had made. I just hope that keeping their dreams in mind, as 15th August is approaching, we should ensure that the House is used most positively in the best possible way.

Heartiest thanks to you all!

15Jul

8 Types – Personal Loans To Managing Your Emergency Expenses

Create Dofollow Backlinks: Personal loans are great credit lines for emergency expenses. It proves to be best when you need a one-time specific amount. It is an EMI-based loan. The EMI has to be repaid with interest over a fixed period or term.

This credit line is extremely versatile and can come in a variety of forms. Below are the different types of personal loans that you can avail yourself for emergency funding:

Unsecured personal loan– An unsecured personal loan is not supported by any asset or collateral. That’s why it may be easier to obtain such a personal loan. To get this type of unsecured loan, you must have a good credit score and a regular source of adequate monthly income.

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Secured personal loan– As the name implies, a secured personal loan is borrowed against the mortgage of assets such as a house, car, gold, insurance, etc. In case of any default, the lender may forfeit the asset to cover all or part of the balance.

A personal line of credit– This is quite similar to a credit card. In this case, borrowers get access to a certain amount of credit line that can be borrowed whenever needed. A great credit score and credit history are needed to avail of this loan.

Personal loan against credit card– A cash advance facility is there when you have a credit card. This is a short-term personal loan. You can borrow it against the available balance of your credit card.
Pension loans- Pension loans are personal loans specially designed for retired workers. These loans come with long-term and small loan amounts.

Fixed interest rate personal loan– In this credit line, the interest rate on personal loans remains unchanged for the entire tenure of the loan.

Adjustable interest rate personal loan– Under this loan, the interest rate change over time. Usually, it starts with very low interest, and over time it may increase.

Payday loans– A payday loan is a short-term loan with a term of two to four weeks. It will cover your expenses until next payday.

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Monthly Archives: July 2022