HIMACHAL PRADESH

· State categorised into three parts for investors

ð With a view to attracting investment to interior areas, the government has categorised the state into A, B and C grade with thrust on granting more incentives to industrially developing and backward areas.

ð As per new industrial policy, the categorisation has been undertaken on the basis of location, distance from the inter-state border, extent of industrial development and overall backwardness. The industrially developed areas have been categorised as A while the industrially developing areas have been placed under the B category and the tribal areas comprising the industrially backward development blocks and backward panchayats as C.

ð A slew of incentives related to the allotment of land and industrial sheds, concessional rate of stamp duty and registration fee, exemption from payment of change of land use charges, interest subvention, assistance for transportation of plant and machinery as well as transport subsidy for the investors in the categories B and C are more than the category A areas. The step has been taken to facilitate the investor to go to the interior areas where the youth are unemployed.

INTERNATIONAL

· Kajin Sara lake has set a new record of being the worlds highest lake

ð Mountaineers discovered the Kajin Sara lake in Manang district of Nepal few months ago. This lake in Nepal has set a new record of being the world’s highest lake and replaced Tilicho Lake of Nepal.

ð Kajin Sara lake is situated at an altitude of 4,919 metres in the Himalayan nation. It is located at Singarkharka area of Chame rural municipality. The measurement of the lake which is located at an altitude of 5,200 metres, is estimated to be 1,500 metre (1.5 km) long and 600 metre wide. The water of the Kajin’s lake is formed out mainly by melting waters from Himalaya.

Tilicho lake is the currently world’s largest lake situated at an altitude of 4,919 metres it is 4 km longand 1.2 km wide and around 200 metres deep in Nepal.

· China to soon launch its own cryptocurrency

People’s Bank of China (PBoC)is issuing its own cryptocurrency. The bank’s researchers have been working last year to develop systems, and the cryptocurrency is “close to being out,”

Mu repeated the PBoC’s intention that the digital currency would replace M0 or cash in circulation rather than M2, which would generate credit and impact monetary policy.

NATIONAL

Prakash Javadekar releases patriotic song ‘Watan’ in run up to Independence Day

Information and Broadcasting Minister Prakash Javadekar released a patriotic song ‘Watan’ in New Delhi in the run up to the Independence Day.

The special song has been produced by Doordarshan.

The song highlights several path-breaking initiatives of the government including the determination and vision behind the recent successful launch of Chandrayaan 2.

The song also pays tribute to the bravery and valour of the armed forces and the martyrs of the country.

The song has been sung by famous Bollywood singer Javed Ali. It has been penned by lyricist Alok Shrivastav and music composed by Dushyant.

· Central Government launches Swachh Nagar app

The Central Government launched a mobile application through which people will be able to get their household waste picked up by urban municipal bodies. The people have to pay to civic bodies to avail the service through Swachh Nagar app. They can track the waste-collection vehicle on the app. The main aim is to ensure the accountability of municipal corporations. According to the Union Housing and Urban Affairs Ministry. Launching Swachh Survekshan 2020.The theme is Cleanliness is Our Right.

There are 24 statesand more than 3,800 cities have been certified Open Defecation-Free (ODF). The government has set a target of making the country ODF by October 2.

· Centre to start special hospitals with Indian Medicines in 150 districts

Ministry of AYUSHplans to start Special hospitals offering Indian Systems of Medicines like Siddha and Ayurveda in 150 districts across the country.

Research institutes will be started in various parts of the country with an aim to encourage research into Indian Medicine systems.
The ministry announced a six months course in basic medicine. This course has been started with the intention of providing basic healthcare in rural areas.

Poorer states score big in GST mop-up

Consuming states such as Bihar, Odisha, UP and Madhya Pradesh — many of whom may be poorer but have large populations — are faring better in goods and services tax (GST) collections than their industrialised peers such as Maharashtra, Gujarat, Karnataka and Tamil Nadu.

West Bengal is among a handful of non-industrialised consuming states, which has not fared well during the first four months of the current financial year, when overall GST collections rose 9% to Rs 3.56 lakh crore. Among the major laggards was Delhi, which saw a 2% decline in mop-up, which was estimated at Rs 12,700 crore during April-July 2019, compared to a little under Rs 13,000 crore a year ago.

At the top of the heap are the states in the North East, led by Nagaland (39%), Arunachal Pradesh (35%), Sikkim (32%) and Meghalaya. But the overall collections for these states are between Rs 370 crore and Rs 680 crore.

Under the compensation mechanism, states with less than 14% annual growth are to be compensated by the Centre for five years and, going by the current trend, some of the poorer states do not need support (see graphic). To compensate states, a cess on items such as soft drinks, tobacco and automobiles is levied.

Aishwarya Pissay becomes first Indian to claim a world title in motorsports

Aishwarya Pissay became the first Indian to claim a world title in motorsports.

She won the FIM World Cup (Fédération Internationale de Motocyclisme) in the women’s category after the final round of the championship at Varpalota in Hungary.

The 23-year old from Bengaluru also finished second in the FIM Junior category.