13-14-06-21 Daily-Himachal Pradesh-HPPSC Current Affairs

The Cabinet gave nod to the Jal Shakti Department to fill 2,322 posts of different categories under Departmental Para Workers Policy to effectively manage 486 drinking water and 31 Irrigation schemes in the State.

The Cabinet, chaired by Chief Minister Jai Ram Thakur here today, also decided to create and fill 401 posts of different categories in trauma/tertiary care centre in Indira Gandhi Medical College (IGMC) and Super Specialty Bloc, Chamiana of IGMC Shimla for its smooth functioning and to provide specialized Health care facilities to the people of the state. Besides, 328 posts of different categories on outsource basis would also be filed.

The Cabinet gave its nod to revised scheme for interest subvention on WORKING CAPITAL loan for hospitality with a view to ensure that tourism unit operators could get easier access to working capital at interest rates lower than the prevailing market rates.

The revised scheme provides for interest subversion of 75 per cent in the first year and payment period has also been increased to five years. Some other categories like ropeway and travel agents have also been included in the new scheme.

The Cabinet decided to include the families under National Food Security Act (Priority Households Category) where death occurred due to Covid pandemic. The guidelines for identification of Priority Households under National Food Security Act, 2013 issued on August 1, 2013 would be relaxed to give them immediate relief and such families would immediately be included by Gram Panchayats and Urban Local Bodies under National Food Security Act (PHH category) by simply getting Covid death certificates of such persons who died due to coronavirus.

The central government has issued a report from an expert committee on the Roadmap for Ethanol Blending in India by 2025.

Highlights:

The roadmap proposes a phased rollout of ethanol-blended fuel to achieve E10 fuel supply by April 2022, followed by a phased rollout of E20 from April 2023 to April 2025.

The Indian government has moved the target for 20% ethanol blending in petrol (also known as E20) from 2030 to 2025.

It is produced naturally by yeast Fermentation of sugars or through petrochemical processes such as ethylene hydration.

The has approved a USD 500 million programme to assist in the Growth of India’s MSME sector. The programme is known as the Raising and Accelerating Micro, Small, and Medium Enterprise (MSME) Performance (RAMP) Program.

This is the World Bank’s second Investment in this sector. The USD 750 million MSME Emergency Response Program was the first intervention.

The programme aims to improve the performance of 5.5 lakh MSMEs.

It is expected to raise USD 15.5 billion in financing as part of the government’s USD 3.4 billion MSME Competitiveness A Post-COVID Resilience and Recovery Program (MCRRP).

BS Bank has been named with the aid of Forbes in their listing of Worlds Best Banks 2021. DBS was ranked at the position 1 out of 30 domestic and global banks in India for the 2nd consecutive year. This is the 0.33 version of the Worlds Best Banks listing by means of Forbes, carried out in PARTNERSHIP with market research company Statista.

DBS Bank India was regarded as Indias Best International Bank 2021 by means of Asiamoney. DBS was once named Safest Bank in Asia for the twelfth consecutive year via New York-based exchange publication Global Finance in 2020.

The published its June 2021 Global Economic Prospects. It predicts that India’s GDP will grow by 8.3 percent in 2021-22. The Indian economy is expected to grow at a rate of 7.5 percent in 2022-23 and 6.5 percent in 2023-24.

Highlights:

The global economy is expected to grow at a rate of 5.6 percent, the fastest rate of post-Recession Growth in eighty years.

However, global output will still be 2% lower than pre-pandemic projections by the end of the year.
Indias recovery has been hampered by the largest outbreak in any country since the pandemic began

The forecast for FY22 (8.3 percent) accounts for expected economic damage from a massive second Covid-19 wave and localised mobility restrictions beginning in March 2021.

Growth is expected to slow to 7.5 percent in 2022-23 as a result of the pandemic’s effects on the financial position of households, businesses, and banks.

New Zealand and Australian cities dominated the Global Liveability Index 2021 published by using the Economist Intelligence Unit (EIU). Auckland has been ranked the first-class on liveability rankings due to the capability of New Zealand city to comprise Covid-19 faster. Japanese cities of Osaka and Tokyo grabbed 2nd and fourth area and Adelaide, Australia spot 3rd area on EIUs Global Liveability Index 2021. dwelling prerequisites remained worst in the Syrian capital Damascus.

The BRICS Foreign Ministers recently issued a joint statement on multilateralism. The idea is to form a consensus among the BRICS countries. The process of organising relations between groups of three or more states is known as multilateralism.

Six Principles laid out by BRICS:

To make global Governance more inclusive, representative and participatory.
It should be based on inclusive negotiation and cooperation.
It should make multilateral organizations more action-oriented and solution-oriented.
It should employ creative solutions, such as digital and technological tools..
The capacity of individual countries and international organizations should be strengthened.
Promote people-oriented international cooperation as the core.