Current Affairs 26th April

National Affairs

1. PM Dedicated Various Projects Worth Rs 3200 cr; Inaugurates India’s 1st Water Metro in Kochi & Kerala’s 1st Vande Bharat Express

On April 25, 2023, the Top state leader (PM) Narendra Modi established the groundwork stone furthermore, committed to the country different improvement projects worth more than Rs 3200 crores at Focal Arena in Thiruvananthapuram, Kerala.

Key Points:

The Kochi Shipyard developed the ports for the Kochi Water Metro, a Made in India project.

The Digital Science Park in Thiruvananthapuram, which will give Digital India iii a boost, was laid the groundwork by PM. The estimated total cost of the project is around Rs 1515 crore, and the initial investment for Phase 1 is around Rs 200 crore.

The Vande Bharat Express from Thiruvananthapuram to Kasargod in Kerala will connect South and North Kerala.

2. Textile Minister Piyush Goyal dedicated Handloom & Handicraft Portal for Making Artisans & Weavers Self-Reliant

On April 24, 2023, Association Clergyman Piyush Goyal, Service of Materials, sent off a new

virtual Indian store for example Online business entryway (Indiahandmade gateway) for handiworks also, handloom industry from Gujarat. Over 35 lakh skilled handicraft artisans and 27 lakh handloom weavers will be directly connected to customers via this platform, eliminating middlemen.

The term “handicrafts” refers to products made by skilled artisans using traditional techniques, whereas “handloom” refers to the process of weaving fabric using a loom that is operated manually.

The goal of this portal is to make weavers and artisans self-sufficient.

Key Points:

With no commission, the platform guarantees fair compensation for artisans and higher profits for sellers by eliminating intermediaries.

Clothing, home decor, jewelry, and accessories are just a few of the many items on the portal, all of which are handcrafted by skilled artisans using environmentally friendly and long-lasting materials.

The portal allows genuine sellers, such as artisans, weavers, producer companies, SHGs (Self Help Groups), and cooperative societies, to register and receive free assistance from registration to order fulfillment, making doing business with them simple.

In addition, the platform provides safe and secure multiple payment gateways, free shipping with return options, and a smooth transaction experience.

3. 28 States/UTs adopts National Generic Document Registration System for Land Records

A total of 28 States and Union Territories (UT) have adopted the National Generic Document Registration System (NGDRS) for Land Records. The Department of Land Resources (DoLR), which is part of the Ministry of Rural Development (MoRD), says that e-registration is taking place in these States/UTs or that they have begun sharing data with the NGDRS’s national portal via an Application Programming Interface (API).

The most recent information from the DoLR’s Land Resources Division indicates that the Unique Land Parcel Identification Number (ULPIN), also known as Bhu-Aadhar, has been implemented by 26 states and UTs, and pilot testing has been conducted in seven additional states and UTs.

In the SVAMITVA (Survey of Villages Abadi and Mapping with Improvised Technology in Village Areas) portal, some states also use ULPIN.

In 6,22,030 (or 94.62 percent) of the 6,57,403 villages, computerization of the Record of Rights (RoRs) had been completed as of April 18, 2023.

The DoLR is executing the Advanced India Land Records Modernisation

Program (DILRMP) with impact from 1 April 2016 as a Focal Area Plan

with 100 percent financing by Administration of India (GoI).

Banking and Finance

1. Canara Bank & RBIH Collaborates to Launch ‘Digitalised Submission of Form 15G/15H’

The launch of a brand-new, user-friendly service known as “Digitalised Submission of Form 15G/15H” was announced by Canara Bank and the Reserve Bank Innovation Hub (RBIH). 

How does Form 15G/15H work?

Individual and HUF (Hindu Undivided Family) Form 15G and Individual Senior Citizen Self-Declaration Form 15H are self-declaration forms that an individual submits to the bank to request that interest income not be subject to TDS (Tax Deducted at Source) due to their income being below the basic exemption limit.

Accommodation of Dish (Super durable Record Number) is essential for the structure

accommodation.

Key Points:

These forms can be submitted online through the website of some banks by customers. However, elderly people who are unaware of the most recent online banking and mobile banking options ii find it challenging. The “Digitalised Submission of Form 15G/15H” solution was developed by RBIH (Reserve Bank Innovation Hub) to address the challenges that bank customers, particularly elderly individuals, face when submitting tax waiver forms (Form 15G/15H).

Customers could conveniently submit their Tax Waiver forms via SMS and the website under the digitalized submission service, using their registered cellphone number, at any time and from any location.

The help will be gainful to senior residents who are new to Web furthermore, versatile financial administrations and who used to make their 15G and 15H commitments to their banks toward the beginning of each monetary year (particularly in the initial not many long stretches of April.

2. Bajaj Allianz General Insurance, actyv.ai Partners to offer Insurance Product

Actyv.ai, a licensed corporate agency under IRDAI (Insurance Regulatory and Development Authority of India) based in Singapore, has announced a partnership with Bajaj Allianz General Insurance to provide insurance products to MSME (Ministry of Micro, Small, and Medium Enterprises) businesses and the business partner ecosystem through their technology platform.

Key Points:

Actyv.ai’s SaaS (Software as a Service) platform with insurance and embedded B2B (Business to Business) BNPL (Buy Now, Pay Later) will be used to provide affordable insurance products as part of the collaboration.

Bajaj Allianz General Insurance will work with actyv.ai to offer innovative insurance products that promote the sustainability of suppliers, distributors, and retailers by utilizing the technology stack of the actyv.ai platform.

In addition to health insurance products like Personal Accident, Hospital Cash, Credit Linked Health Plan, and Group Health Plans, Bajaj Allianz will offer commercial insurance products like Fire and Burglary.

Science and Technology

1. ISRO completes PMD operation of GSAT-12 satellite

The Indian Space Research Organization (ISRO) concluded the communication satellite GSAT12’s post-mission disposal (PMD) process on March 23, 2023.

GSAT-12 is the 23rd GEO (Geosynchronous Earth Orbital) satellite to go through PMD

prior to decommissioning and it conveyed 12 broadened C band transponders was

sent off on July 15, 2011 and served for over 10 years.

It was moved to 47.96° E longitude from 83° E longitude in March 2021 following the launch of its replacement satellite, CMS-01 (Communication satellite), in 2020.

Operation to get rid of after the mission:

Because the GEO regime is one of the most populated and utilized regions, the UN and IADC’s internationally recognized space debris mitigation guidelines recommend moving an object at its end-of-life out of the GEO region.

The prescribed practice is to re-circle the item to an almost roundabout “burial ground”

circle over the GEO area so the circle wouldn’t rot once more into the GEOprotected zone affected by bother powers inside an additional 100 years.

The minimum required rise in perigee altitude for GSAT-12 was estimated to be 261 kilometers. The available fuel for GSAT-12 was more than sufficient to achieve this objective as a result of the Master Control Facility (MCF) in Hassan, Karnataka’s meticulous operations management.

To lift the orbit above the 35,786 km GEO altitude, seven maneuvers were performed. On March 16, 2023, the first action was a shorter burn to make the orbit more circular. Six more burns, each lasting about 150 seconds, followed.

The satellite entered a super-synchronous circular orbit nearly 400 km above the GEO altitude on March 19, 2023, following the seventh burn.

On March 23, 2023, the final passivation maneuver was carried out to exhaust the remaining fuel by firing the thrusters mounted in opposite directions. This cancelled the net thrust without affecting the orbit.

All rotating mechanisms, including momentum wheels, reaction wheels, and gyros, were turned off as part of electrical passivation, and the batteries were disconnected from the solar panels and discharged. In order to avoid any potential RF (Radio Frequency) interference, the transmitters were finally turned off.