Current Affairs 12th June

National Affairs

1. MoPSW launched ‘SAGAR SAMRIDDHI’, an Online Dredging Monitoring System

To accelerate the Ministry of Ports, Shipping, and Waterways (MoPSW)’s “Waste to Wealth” initiative, Union Minister Sarbananda Sonowal launched “Sagar Samriddhi – Waste to Wealth” on June 9, 2023.

 

MoPSW’s technological arm, the National Technology Centre for Ports, Waterways, and Coasts (NTCPWC), is responsible for the development of the system.

 

Features:

 

Compared to the previous system, known as the draft and loading monitor (DLM) system, this new technology will offer advantages.

 

Before processing and generating real-time dredging reports, will also bring synergy between multiple input reports like daily dredging reports and pre- and post-dredging survey data.

2. ICMR Study: India has 101 million diabetics & 136 million pre-diabetics & Goa has the highest prevalence

The Indian Council of Medical Research–India Diabetes (ICMR-INDIAB) recently conducted a study that found that approximately 101 million people in India have diabetes and 136 million have pre-diabetes.

 

According to the study, Goa has the highest proportion of diabetics. Diabetes affects approximately 26.4% of the Goan population.

 

The ICMR-INDIAB study is distributed in the clinical diary “The Lancet Diabetes and

Endocrinology”, a month-to-month diary zeroed in on diabetes, endocrinology, and

digestion.

 

About the Overview:

 

The largest survey ever carried out in India on diabetes and other metabolic non-communicable diseases was conducted between October 18, 2008, and December 17, 2020.

 

Under this review, the analysts examined the information of more than 1.13 lakh

people. 75000 of these people came from the countryside.

3. Centre takes 5 significant decisions for strengthening Primary Agricultural Credit Societies

On 8th June 2023, the Public authority of India has taken 5 additional significant choices

spinning around Essential Farming Credit Social orders (PACS), a fundamental unit and

the littlest agreeable credit foundation in India chips away at the grassroots level

(gram panchayat and town level).

 

Key People:

 

Amit Shah, the Union Home Minister and Minister of Cooperation, and Mansukh Mandaviya, the Minister of Chemicals and Fertilizers, met in New Delhi, Delhi, to make the five decisions.

5 choices:

 

In India, there are approximately one million Primary Agricultural Credit Cooperative Societies. Based on mapping, PACS that aren’t selling fertilizer will be found and encouraged to start selling it in stages based on whether or not it’s possible.

 

The purview of PMKSK will be extended to include PACS that are not currently functioning as PMKSKs.

 

Note: PMKSK will provide agri-inputs (fertilizers, seeds, and implements), as well as testing facilities for soil, seeds, and fertilizers, to Indian farmers.

 

PACS will be associated with the advertising of natural composts, particularly

Aged natural Excrement (FoM) or Fluid Matured Natural Fertilizer (LFOM) or

Phosphate-improved Natural Excrement (PROM).

 

Additionally, PACS can be used as drone entrepreneurs to spray pesticides and fertilizers. The property survey can also be done with drones.

 

Under the Department of Fertilizers’ Market Development Assistance (MDA) program, fertilizer companies will help small bio-organic producers market the finished product. This bio-organic fertilizer supply and marketing chain will also include PACS as wholesalers and retailers.

4. ICAI Central Council approves renewal of MRAs with CPA Canada, CPA Ireland

The current mutual recognition agreement (MRA) and memorandum of understanding (MoU) with CPA Canada (Chartered Professional Accountants of Canada) and CPA Ireland (previously the Institute of Certified Public Accountants in Ireland) has been renewed with approval from the Central Council of the Institute of Chartered Accountants of India (ICAI), India’s largest professional accounting body.

 

ICAI has likewise supported the reestablishment of MRA with the South African Foundation of

Contracted Bookkeepers (SAICA), the Bahrain Establishment of Banking and Money

(BIBF), the Public Leading body of Bookkeepers and Examiners (Tanzania) and the Qatar

Monetary Center Power.

 

These are in line with the ICAI’s efforts to expand opportunities for its members by expanding the accounting profession’s global reach and footprint.

 

Key Points:

 

The ICAI has been extending its presence across the globe and it is working with

the bookkeeping bodies across the globe to lay out MRAs and shared acknowledgment

Arrangements.

 

In order to increase professional mobility and opportunities for Indian professionals, the ICAI intends to collaborate with international organizations in accounting and related fields.

 

Other MoUs that ICAI has signed include:

 

The Memorandum of Understanding establishing ICAI and CA Maldives’ mutual cooperation was also approved by the Union Cabinet of India in May 2023.

 

The ICAI and the Institute of Chartered Accountants in England and Wales (ICAEW) renewed their memorandum of understanding in April 2023 to provide opportunities for qualified members of both organizations.

 

US ICAI office:

 

To improve the expert worldwide presence, ICAI’s Focal Gathering additionally supported

to open 2 new agent workplaces in the US of America(USA).

 

These workplaces will be laid out in Philadelphia and Kansas.

 

With these two additional offices, there are now 9 representative offices in the United States. Florida, Atlanta, Austin, Los Angeles, Michigan, New Jersey, and North Carolina are the other offices.

 

Note:

 

The ICAI chapter in Seattle, the 9th Overseas Chapter in the United States, was recently inaugurated by ICAI President Aniket Sunil Talati.

5. Union Minister Sarbananda Sonowal flagged off MV Empress, India’s 1st International Cruise from Chennai

On June 5, 2023, Ayush, Sarbananda Sonowal, Union Minister of Ports, Shipping, and Waterways, launched India’s first international cruise ship, MV Empress, from Chennai to Sri Lanka in Chennai, Tamil Nadu (TN). It is worked at an expense of Rs.17.21 crores.

 

The journey administration is the consequence of a Notice of understanding(MoU) marked

during the main Mind boggling India Worldwide Journey Gathering in 2022 between

Chennai Port and M/S Streams Recreation The travel industry Pvt Ltd to begin homegrown and global voyage administration.

 

The contemporary cruise terminal that was built at Chennai Port spans 2,880 square meters and has the capacity to accommodate 3,000 passengers simultaneously.

 

The cruise line will visit three Sri Lankan ports: Kankekanturi, Trincomalee, and Hambantota.

Banking and Finance

1. Insurance gets IRDAI approval to carry life insurance business in India

On June 2nd 2023 Insurance Regulation and Development Authority of India have given a certificate of registration to Go Digital Life Insurance Limited to carry the Life Insurance business in India. 

 

The approval brings the total number of insurers in the Life Insurance segment in India to 26.

 

Go Digit is backed by Canadian billionaire Prem Watsa’s Fairfax Financial Holdings. Go Digit General Insurance is also proposing to come out with an Initial public offering(IPO) and has already filed papers with the markets regulator Securities and Exchange Board of India (SEBI).

Science and Technology

1. India Army signed its 2nd Procurement Contract with Astrome Tech Pvt Ltd for “Tactical LAN Radio systems”

On 9th June 2023 Indian Army signed a contract with Bengaluru-based start-up company Astrome Technologies for an indigenously developed Tactical LAN Radio for reliable and interference-free communication in tough terrain.

 

It second contact given by Indian Army in order to sign and hold their commitment to the Make in India campaign through innovations for Defence Excellence. 

 

Tactical LAN Radio is state of art high bandwidth with wireless communication. It provides reliable and fail-safe Communication.

 

Key people: 

 

The agreement was endorsed within the sight of Lieutenant General MV Suchindra Kumarthe Bad habit Head of Armed force Staff at New Delhi, Delhi.

iDEX:

 

The iDEX framework, which was created and approved by the Ministry of Defence and was launched by Narendra Modi, the Prime Minister of India, in April 2018 at Defence Expo India, aims to create an ecosystem that encourages technological advancements and innovation in the defence and aerospace industries.

 

Highlights of LAN Radio:

 

The solution provides a wider communication range and an embedded frequency hopping mechanism to reduce the risk of interference and facilitate long-distance, high-bandwidth point-to-multipoint communication.

 

It likewise integrates upgraded well-being highlights and can work persistently for 48

hours on a solitary set premise with practically no breakdown.

 

The Astrome innovation organization has likewise evolved ‘GigaMesh’, an imaginative

remote item to settle web misfortunes of provincial pieces of India.

 

In 2022, Astrome got a pilot project from the Division of Broadcast Communications

(Spot) and has conveyed Multi-Connection E-band radios, which Astrome claims are the

world’s most memorable framework for broadband web network, in provincial Karnataka.

 

Indian Army Projects’ Progress:

 

Right now, 42 Indian Armed Force projects are being created through the Guard India

Fire up Challenge (Circle), Open Difficulties and iDEX PRIME plan, which gives

backing 41 new companies to foster state-of-the-art answers for the Indian Armed force’s

challenges.

 

The Indian Armed force has devoted a nodal official and named a ‘Focal point of

Greatness’ for each test to offer constant help and screen the

progress of the activities.

 

The Indian Army’s Acceptance of Necessity (AoN)-approved additional iDEX projects are nearing completion and likely to be formalized into contracts soon.

2. 1st ACTCM Barge of the series of LSAM 15 (Yard 125) delivered to Indian Navy at NAD (Karanja), Mumbai 

At the Naval Armament Depot (NAD) in Karanja, Mumbai, Maharashtra, on June 9, 2023, the first Ammunition Cum Torpedo Cum Missile (ACTCM) Barge of the series LSAM 15 (Yard 125) was delivered to the Indian Navy (IN).

 

In accordance with the government of India’s “Aatmanirbhar Bharat” initiatives, M/s Suryadipta Projects Pvt Ltd, Thane (Maharashtra), a Micro, Small, and Medium Enterprise (MSME), was awarded the contract for the construction of 11 ACTCM Barges.

 

Background:

 

ACTCM Barge, Yard 15(LSAM 15) was sent off by Indian Naval force’s Commander Prashant

Saxena AWPS Mumbai, Maharashtra on tenth February 2023 at Suryadipta Tasks

Pvt Ltd, Thane.

 

Regarding the boat:

 

The Barge was constructed in accordance with the Indian Register of Shipping (IRS) classification rules and has a 30-year service life.

 

The barge gets its major or auxiliary equipment from local manufacturers iii. By making it easier for IN Ships to transport, embark, and disembark items or ammunition alongside jetties and in outer harbours, the availability of the ACTCM Barges will help IN fulfil its operational commitments.