GUJARAT
Gujarat: 46% rise in calls to 181 helpline in 6 months
The post-Covid-19 scenario has hit everyone hard but it’s more difficult for the women
especially in unorganized sectors. The calls for financial distress have in the state– recording
six-fold rise.
Analysis of the six months also revealed that domestic violence cases have also recorded
rise – from 4,124 to 5,055, which accounts for about 22% rise.
INTERNATIONAL
Japan and Australia poised to sign defence pact to counter China
Japanese Prime Minister Yoshihide Suga and his Australian counterpart, Scott Morrison, may
agree to sign a defence agreement in a bid to counter China’s growing influence in the
South China Sea and over the Pacific island nations.
This defence agreement has taken six years to negotiate and would need to be ratified by
lawmakers of both countries.
Tokyo and Canberra are seeking closer ties as they worry about Chinese activity in the
region, including militarisation in the South China Sea.
2nd phase of Exercise Malabar 2020 to be conducted in Northern Arabian Sea
The second phase of Exercise Malabar 2020 will be conducted in the Northern Arabian Sea
from 17 November to 20th November.
This phase will involve coordinated operations of increasing complexity between the navies
of Australia, India, Japan and the United States.
Phase Two will witness joint operations, centered around the Vikramaditya Carrier Battle
Group of the Indian Navy and Nimitz Carrier Strike Group of the US Navy.
The two carriers, along with other ships, submarine and aircraft of the participating navies,
would be engaged in high intensity naval operations over four days.
NATIONAL
DIPAM inks agreement with World Bank
Department of Investment and Public Asset Management, DIPAM signed an agreement with
the World Bank.
Under the agreement, the World Bank is to provide advisory services to DIPAM for asset
monetization.
DIPAM is mandated with facilitating monetization of non-core assets of government CPSEs
under strategic disinvestment or closure and enemy property of value of Rs. 100 crore and
above.
DIPAM has a framework for monetizing non-core assets.
IFSC Authority approves the International Financial Services Centres Authority (Banking)
Regulations, 2020
International Financial Services Centres (IFSC) Authority approves the International Financial
Services Centres Authority (Banking) Regulations, 2020.
Setting out the prerequisites for setting up IFSC Banking Units (IBUs).
Allowing people occupant outside India (having total assets at least USD 1 Million) to open
unfamiliar money accounts in any uninhibitedly convertible cash at IFSC Banking Units
(IBUs).
Allowing people inhabitant in India (having total assets at least USD 1 Million) to open
unfamiliar money accounts in any unreservedly convertible cash at IFSC Banking Units (IBUs)
to embrace any passable current record or capital record exchange or any mix thereof under
the Liberalized Remittance Scheme (LRS) of the Reserve Bank of India.
Setting out the reasonable exercises of IBUs including credit upgrade, credit protection, and
deal, acquisition of portfolios, take part in figuring and relinquishing of fare receivables and
attempt gear renting, including aeroplane renting.
Viability Gap Funding Scheme Approved by The Cabinet
Union Cabinet approves Continuation and Revamping of the Scheme for Financial Support
to Public-Private Partnerships(PPP) in Infrastructure Viability Gap Funding (VGF) Scheme.
The approval has been given to continue the scheme till 2024-25 with a total outlay of
Rs.8100 crore.
The Revamped Scheme is principally identified with the presentation of the accompanying
two sub-plans for mainstreaming private cooperation in social framework:
Sub-scheme 1: caters to social sectors like wastewater treatment, water supply, solid waste
management, health and education, etc.
These undertakings face bankability issues and helpless income streams to provide food
completely to capital expenses.
The tasks qualified under this class ought to have in any event 100% operational cost
recuperation.
Sub-scheme 2: will support demonstration/pilot social sector projects. The undertakings
might be from the wellbeing and instruction areas where there is at any rate 50%
operational cost recovery.
The scheme aims to advance PPPs in social and financial framework prompting the
productive making of resources and guaranteeing their legitimate activity and upkeep and
make the monetarily/socially fundamental ventures economically reasonable.
The plan would be valuable to people in general everywhere as it would help in the
production of foundation for the nation.
Bharat Biotech starts Phase III trials of COVAXIN
Bharat Biotech has announced commencement of Phase III trials of COVAXIN.
The Phase III trials will involve 26,000 volunteers across India, conducted in partnership with
ICMR.
It is the largest clinical trial conducted for a COVID-19 vaccine in India.
This is India’s first phase 3 efficacy study for a COVID-19 vaccine, and the largest phase III
efficacy trial ever conducted in India.
The trial has been registered at www.ctri.nic.in and approved by the Drugs Controller
General of India.
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