29-12-21 Daily-Gujarat-GPSC Current Affairs

As micro-enterprises battle the aftershocks of the Covid-19 pandemic, gross non-performing assets (NPAs) or bad loans outstanding under the Pradhan Mantri Mudra Yojana increased 48% in Gujarat.

According to the latest report by the state-level bankers committee (SLBC), Gujarat, NPAs for Mudra loans stood at Rs 872.25 crore in absolute terms in the September quarter of 2021-22. NPAs went up from Rs 587.26 crore in the corresponding quarter of 2020-21, the report states.

During the September quarter of this year, the total outstanding of loans extended under Pradhan Mantri Mudra Yojana (PMMY) stood at Rs 9,300.5 crore.
From April to November 2021, loans worth Rs 5,172.56 crore were extended under PMMY in Gujarat of which, Rs 3,083.34 crore was disbursed between August and November.
According to bankers, non-performing assets went up in Mudra loans as micro enterprises continued to battle aftershocks of Covid-19.

The Consumer protection (Direct Selling) Rules, 2021, have been published by the Central Government.

Highlights:

Direct selling entities and direct sellers are prohibited from Promoting a Pyramid Scheme or enlisting anyone in these schemes under the notified rules.

Participating in a -transfer scheme

State governments have been given the responsibility of monitoring compliance with these rules.

Direct Selling Entities are required to have at least one physical location as a registered office within India, according to the rules.

They should make a self-declaration that the Direct Selling Entity has followed the rules and is not involved in a pyramid scheme or money circulation scheme.

All products sold by a direct selling company must adhere to the declarations made under the Legal Metrology Act of 2009.

Guidelines for Flex-Fuel Vehicles and Flex-Fuel Strong Hybrid Electric Vehicles were released by the Union Ministry of Road Transport and Highways.

Highlights:

Automatic manufacturers in India have been instructed to begin producing Flex Fuel Vehicles (FFV) and Flex Fuel Strong Hybrid Electric Vehicles in accordance with guidelines (FFV-SHEVs).

This will help India replace its petroleum imports as a fuel source while also providing direct benefits to farmers.

FFV-SHEVs are equipped with powerful Hybrid Electric technology.

According to the Centre for Economics and Business Research (CEBR), India will reclaim sixth place from France in 2022 and move up to third place in 2031.

Highlights:

India was predicted to become the third-largest economy in the world by 2030.

China will overtake the United States in 2030, according to the CEBR’s annual World Economic League Table.

According to the report, India’s ranking in the World Economic League Table will improve over the next 15 years (WELT).

the Global Environment and Climate Action Citizen Award were presented in Dubai.

Highlights:

Surat’s noted industrialist Viral Desai received the prestigious Global Environment and Climate Action Citizen Award.

Because of his passion for the environment, Viral Desai is known as Greenman.

At Dubai’s Atlantis, The Palm, the Sanskruti Yuva Sansthan presented Viral Desai and other winners with the ‘Bharat Gaurav Samman.’

The prestigious Awards were presented to 28 prominent figures from 11 countries, including the United Kingdom, the United States, France, New Zealand, and Malaysia.

China launched a new Earth observation satellite named “Ziyuan-1 02E” into space.

The satellite was launched with the goal of discovering new <a href="https://exam.pscnotes.com/natural-Resources“>Natural Resources.A smaller satellite was also launched, which will be used to teach Geography at a Beijing school.

The Long March 4C rocket launched both satellites from the Taiyuan Launch Center in Sjanxi Province.

The Earth observation satellite Ziyuan-1 02E is part of a series of Ziyuan-1 satellites. Its most recent version, Ziyuan III 03., was released in July 2021.