CM Patnaik Disburses Rs. 877 crore to Farmers under KALIA Scheme
Odisha Chief Minister Naveen Patnaik disbursed Rs. 877 crore to over 43 lakh farmers under the KALIA scheme.
The assistance was provided for agricultural activities in the current kharif season. Farmers from all regions of the state, except the by-poll bound Jharsuguda district received it.
The KALIA scheme was announced in December 2018 with an objective to provide financial support to farmers to carry on their agricultural activities. The main objective is to wean away farmers from depending on money lenders.
Under the scheme, a beneficiary gets Rs. 4,000 in two instalments.
The Krushak Assistance for Livelihood and Income Augmentation (KALIA) is Odisha government's flagship programme for farmers.
Apart from being self-reliant in the food grain production, Odisha has also been contributing to the country's food reserves.
Rajya Sabha Passes Competition (Amendment) Bill
Rajya Sabha proceedings were adjourned for the day after passing the Competition (Amendment) Bill, 2023 without discussion amid uproar by opposition members over the Adani issue.
Finance Minister Nirmala Sitharaman then moved the the Competition (Amendment) Bill, 2023 for consideration and passage amid slogan-shouting by Opposition members.
The rate of penalty for any abuse of dominant position would now be imposed upto 10% of the global turnover of the entity or three times the profits of the companies for the last three preceding financial years. The turnover was earlier for the relevant domestic entity and this amendment can potentially impact multinational companies in India as well as Indian firms with a global presence.
Through another key amendment, all deal values involving acquisitions, mergers and amalgamations exceeding Rs. 2000 crore having target enterprise in India shall be notified to the CCI for approval before their consummation.
Apr 03, 2023
Govt. Releases Foreign Trade Policy 2023
The Centre came out with Foreign Trade Policy (FTP) 2023 seeking to boost the country's exports amid slowing global trade. The Centre outlined the vision to take India's goods and services export to $2 trillion by 2030 by shifting from incentives to remission and entitlement-based regime.
The Minister for Commerce and Industry Piyush Goyal unveiled FTP 2023 which came into effect from April 1, 2023.
As per Santosh Sarangi, director general of foreign trade (DGFT), unlike the earlier practice of announcing five-year FTP, the latest policy has no end date and will be updated as and when needed.
The last five-year policy came into force on April 1, 2015. However, it was extended several times in the wake of the coronavirus outbreak and subsequent disruptions in economic activities globally. The last extension was given in September till March 31, 2023.
The new FTP identifies four new Towns of Export Excellence (TEE) namely Faridabad, Moradabad, Mirzapur and Varanasi. This is in addition to the already existing 39 TEEs.
The FTP benefits have been extended to e-commerce exports.
Apr 02, 2023
Government Launches a New Centrally Sponsored Scheme, 'New India Literacy Programme'
Government launched a new Centrally Sponsored Scheme namely, 'New India Literacy Programme' (NILP) for implementation during five years from the FYs 2022-23 to 2026-27 with financial outlay of Rs.1037.90 crore out of which Rs.700.00 crore is Central share and Rs.337.90 crore is State share. The scheme aims to cover a target of 5.00 crore non-literates in the age group of 15 years and above. The Scheme has five components: (i) Foundational Literacy and Numeracy, (ii) Critical Life Skills, (iii) Vocational Skills Development, (iv) Basic Education and (v) Continuing Education.
The scheme is based on technology and implemented predominantly through online mode. The teaching learning material and resources have been made available on DIKSHA platform of NCERT and can be accessed through the mobile-apps. Further, other modes like TV, Radio, Samajik Chetna Kendra etc. are also to be used for dissemination of Foundational Literacy and Numeracy. All the non-literate above 15 years of age can avail the benefits of the scheme.
Mar 30, 2023
Lok Sabha Passes Competition Amendment Bill 2022
The Lok Sabha passed the Competition Amendment Bill 2022 without discussion amid vociferous protests by Congress-led opposition.
The bill proposes to expand the scope of cartel prosecution by bringing hybrid anti-competitive agreements (such as hub and spoke cartels) within its ambit to enable the Competition Commission of India to treat cartel facilitators (who actively participated) at par with the cartel participants.
It also proposes to further expand the scope of cartel prosecution to include non-participants who had 'intended to participate' in the cartel.
Another bill, the Biological Diversity Amendment Bill 2022 was referred to a joint committee of Parliament.
Mar 29, 2023
Mamata Banerjee to Launch Scheme for Development of Rural Roads in Bengal
West Bengal Chief Minister Mamata Banerjee launched a scheme for development of rural roads at Singur in Hooghly district.
Under the 'Pathashree-Rastashree' scheme around 12,000 km of roads would be constructed or reconstructed in 29,475 villages of the state.
Twenty two districts will benefit from this project as 8,767 roads were approved under this scheme.