The Reserve Bank of India cancelled the license of Madgaum Urban Cooperative Bank Co., Ltd., located in Margao, Goa, because due to the current financial situation of the bank they will not be able to pay its current depositors in full.
The Reserve Bank of India further stated that based on the data submitted by the bank, approximately 99% of depositors will receive full deposits from the Deposit Insurance and Credit Guarantee Corporation (DICGC).
At the time of liquidation, every depositor has the right to receive a deposit insurance claim amount from their deposits, up to a maximum limit of 500,000 rupees, only from DICGC.
The Reserve Bank of India added that it also asked the Goa Registrar of Cooperatives to issue a liquidation order and appoint a liquidator for the bank.
The Bank did not have sufficient prospects for capital and earnings, and did not comply with the provisions of the Banking Regulation Act, 1949.
With the cancellation of the license and the beginning of the liquidation process, the payment process to the depositors will soon begin.
World Day against Trafficking in Persons is being observed on 30th July, 2021.
Inter-Agency Coordination Group against Trafficking in Persons (ICAT) and Council of Europe Group of Experts on Action against Trafficking in Human Beings (GRETA) together has called upon the various stakeholders to include the point of view of all the survivors and victims in all the anti-trafficking activities.
The Council of Europe Convention on Action against Trafficking in Human Beings has always put the protection of the victims and their rights at the centre of all anti-trafficking action.
Ensuring that the human rights of victims of human trafficking are at the forefront of the fight against human trafficking is central to all aspects of GRETA’s work.
GRETA emphasizes that providing timely and effective assistance to victims of trafficking is essential to encourage them to get rid of traffickers and ensure their recovery and integration into society.
GRETA emphasizes that victims of human trafficking should have the opportunity to participate in criminal proceedings against human traffickers (if they wish) and receive compensation.
Consultation with victims and survivors of human trafficking should be conducted so that their needs are met.
Even in the 21st century, the threat of human trafficking has not disappeared. Thousands of people around the world have been trafficked for sex trafficking, slavery and forced labour.
According to the National Criminal Records Bureau (NCRB) of India, human trafficking is a group of crimes involving the trafficking of men, women and children for the purpose of sexual exploitation or economic gain or other exploitation of trafficked persons.
According to the United Nations Office on Drugs and Crime (UNODC), the 2010 Report on Human Trafficking indicated that 90% of trafficked persons belong to the most vulnerable groups.
According to the UNODC, sexual exploitation is the most common form of human trafficking. The Office of Drugs and Crime stated that learning from victims’ experiences and their suggestions will lead to a more victim-centric approach to combat human trafficking.
A study conducted by the Punjab Agricultural University (PAU) between 1998 and 2018 found that in 18 of 22 areas, the groundwater level dropped by more than 1 meter per year.
The Punjab groundwater depletion study, written by Rajan Aggarwal, Samanpreet Kaur and Anmol Kaur Gill, was published by PAU and presented to the state government last month. The study found that groundwater available from 3 to 10 meters has dropped below 30 meters in 20 years.
A survey of groundwater level data which were obtained from the National Water Resources and Environment Bureau, the Agriculture Bureau, and the Central Groundwater Commission to complete the research lists the blocks and groundwater level conditions in each region.
Overexploitation in most districts
Except for the four districts of Faridkot, Ferozepur, Gurdaspur, and Muktsar, and a few blocks of Hoshiarpur, Nawanshahr, Ropar, and Mansa, groundwater in every area of the state has been overexploited.
Ground water problem
The groundwater level depletion problem started after 1990, but after 1998 the rate of decline has continued to increase. By 2012, the situation deteriorated and the images shared by PAU showed the appearance of places where it appeared water level has fallen below 20 meters. By 2018, the situation in the central part of the state had deteriorated and the groundwater level had dropped below 30 meters.
Cause of this problem
Due to the convenience and needs of farmers, the transition from canal irrigation to tube wells led to the depletion of groundwater..
The most severely affected areas are Sangrur, Barnala, and Patiala, where the annual groundwater level drops by 106.5 cm, 103.3, and 100.2 cm, respectively (1 meter per year). In the Mohali, Fatehgarh Sahib, Jalandhar, Tarn Taran and Ludhiana areas, the groundwater level drops by 59.8 cm, 70.4, 68.4, 56.7 and 56.1 cm, respectively, every year.
On 31st July, 2021 a ‘Samajik Adhikarita Shivir’ for the distribution of assistive devices and aids to ‘Divyangjan’ will be distributed in Madhya Pradesh.
Department of Empowerment of Persons with Disabilities (DEPwD) along with District Administration Chhindwara and ALIMCO will organize this ‘shivir’ under the ADIP Scheme of the Ministry of Social Justice and Empowerment.
This ‘shivir’ will be organized in Chhindwara which is located in the state of Madhya Pradesh.
In view of the COVID 19 pandemic, a total of 8,291 assistive devices and assistive devices worth Rs 4.32 crore will be distributed to 4146 Divyangjan’s at the Block/Panchayat level for free.
The opening ceremony will feature the virtual presence of the Chief Minister of Madhya Pradesh, Shri Shivraj Singh Chauhan.
Minister for Social Justice and Empowerment, Dr. Virendra Kumar, will host this function.
About Ministry of Social Justice and Empowerment
MoSJE is a ministry of the Government of India. It is responsible for the well-being, social justice and empowerment of socially disadvantaged and marginalized groups, including other backward classes (OBC), scheduled castes (SC), transgender and LGBTQ people, the disabled, the elderly and drug abuse victims. Dr. Virendra Kumar is the current minister of this department.
The Government of India announced that it has approved 780 new air traffic routes under the UDAN regional air connectivity scheme.
Civil Aviation Minister Jyotiraditya Scindia informed the Lok Sabha that after the launch of the scheme, 359 routes has been opened in the country.
59 new airports have been established under the UDAN scheme.
The Minister stated that with the increase in civil aviation activities, cargo handling services have also developed by leaps and bounds.
During the Covid pandemic, cargo handling via airlines also increased from 2% to 19%.
The number of cargo operators in the country has been increased to 28.
Launched in the year 2017 UDAN (Ude Desh ka Aam Naagrik) is a Regional Connectivity and regional airport development scheme of Government of India. This scheme was launched with the primary objective making air travel widespread and affordable so that the common citizen of the country can afford it. This scheme also envisaged to boost job growth, national economic development and air transport infrastructure development across the country. UDAN scheme is a very important part of the government’s National Civil Aviation Policy. This scheme will be jointly funded by the state as well as the central government. Under this scheme a lot newly formed regional flight routes will be connected to the existing ones. Airports and other related infrastructures will also be developed under this scheme.
The Kerala government has announced a financial plan of more than Rs 5,000 crore to revive the state’s economy that has been unstable due to the COVID 19 pandemic.
Finance Minister K N Balagopal announced a Rs 5650 crore financial plan at the state assembly to help the state’s small traders and farmers. This package is designed to help small businesses and farmers in the state negatively affected by the pandemic.
The state government has decided to issue subsidized loans and announced new loan programs for Kerala State Financial Enterprises (KSFE) and Kerala Financial Corporation (KFC) and.
For loans up to Rs 2,00,000 rupees, the state government will pay 4% of the interest on the loan over 6 months period.
As part of the package, the government also announced the exemption of low-interest loans and credit facilities.
The state government also decided to help small businesses by giving up rents for stores and buildings owned by the state government between July and December 31 of this year.
MSMEs are exempted from building tax from July to December 31.
This will be of great help to small and medium-sized entrepreneurs. Since the state government provides interest subsidies, bankers are required to provide loans. Merchants can avail these loans at lower interest rates.
The state government of Kerala has also decided to provide loans of up to Rs 1 crore at 5% interest rate for a total of 500 business enterprises a year.
This is the third financial package which has been announced by the government of Kerala with the aim to tackle the economic crisis caused due to the COVID-19 pandemic.
Mini polyhouse which is a kind of greenhouse will be built under the “Krishikarna” project, launched in Kerala, a joint initiative of the National Society for Agricultural Horticulture (SAHS), the Sustainability Foundation and Qore3 Innovations.
Although SAHS, a government-recognized cooperative, is involved in promoting agricultural and gardening practices, the Sustainability Foundation, a non-governmental organization based in Thiruvananthapuram, promotes sustainable development.
Qore3 Innovations is a start-up company that claims to provide “end-to-end support” for farms.
Under Krishikarna, a small polyhouse will be built on a 2.5 cent land.
The total estimated cost of each plastic house is Rs 2,35,000.
Aneesh N Raj won Kerala’s Best Hi-Tech Farmer Award and is also an agronomist of Qore3 who is implementing Krishikarna’s innovations.
Unprecedented climate changes have had a negative impact on Kerala’s agriculture. Hence, it is necessary to promote high-tech agricultural practices so that farmers can farm all year
Qore3 has established more than 30 projects successful high-tech farms in Kerala.
Plan of this project
The plan is to plant Long beans, tomatoes, salad cucumbers, bell peppers, bell peppers, and green leafy vegetables at the mini polyhouses which will be constructed. Krishikarna covers greenhouses, fish and vegetables and mushroom farming. Work on the lands of those farmers who have signed up for this project has already begun, and seeds can be sown within a few weeks.
From 28th to 29th July, 2021, the 12th edition of the military exercise INDRA NAVY was held in the Baltic Sea. It is a biennial bilateral maritime exercise that is conducted between the Indian Navy and Russian Navy.
It was initiated in the year 2003.
This exercise further strengthens the long-term strategic relationship between the navies of the two countries.
This exercise was undertaken as INS Tabar’s visit to St Petersburg in Russia to participate in the Russian Navy’s 325th Navy Day celebrations.
INDRA NAVY has matured over the years with an increase in scope, the complexity of operations and level of participation.
The primary aim of this year’s exercise was to further strengthen the inter-operability which has been built up by the Navies of both the countries and also to enhance procedures and understandings of various maritime operations.
This edition of the exercise includes diverse and wide-ranging activities which have been stretched across the broad spectrum of maritime operations.
Representation by the countries
INS Tabar represented the India Navy whilst the Russian Federation Navy was represented by Corvettes RFS Odintsovo and RFS Zelyony Dol of the Baltic Fleet.
The exercise was conducted over two days and various fleet operations such as underway replenishment drills, boarding drills, anti-air firings, helicopter ops, and seamanship evolutions. This exercise will further strengthen inter-operability, mutual confidence and will also enable the sharing of best practices between the Navies of both the countries.
The National Gallery of Australia (NGA) has recently announced that they will be returning 14 pieces of artworks to India. These artworks also include Chola idols and they are from the museums Asian art collection section.
13 artworks are connected to convicted art dealer Subhash Kapoor who was arrested for running a smuggling racket.
1 piece of artwork was acquired from late William Wolff, New York-based art dealer.
$3 million is the total combined valuation of these artworks.
The artworks which will be returned to India include six bronze or stone sculptures, a painted scroll, six photographs and a brass processional standard.
Some of the artworks which are being returned to India dates back to the period of the Chola dynasty.
The NGA museum of Australia has said that many of the artworks were most likely either stolen or looted from India. Returning them to India is the right thing to do and doing so will further enhance the collaboration between India and Australia. Given the current COVID-19 situation, the physical handover of these works of art will be negotiated between the two countries over the next couple of months.
Intel has collaborated with the Central Board of Secondary Education (CBSE) and the Ministry of Education to announce the launch of the ‘AI For All’ initiative. This initiative has been launched with the aim of creating a basic understanding of artificial intelligence (AI) for everyone in the country
Emerging technologies such as AI plays a crucial role for economic growth.
NITI Aayog’s National Strategy for AI focuses on leveraging AI for inclusive growth and also to develop AI solutions for the various societal needs.
The National Education Policy 2020 of India also emphasizes in preparing the students of the country for an AI driven economy.
India is striving to build a digital-ready foundation, and to achieve this it is essential to focus on demystifying AI so that it can be used by a broader section of the population and will also help them to understand about how AI can impact their lives in a positive manner.
About AI For All
Intel’s AI For All is a 4-hour, learning program. It can be accessed by all and is as much applicable to a student as to a stay-at-home parent or a professional in any field and even a senior citizen of the country. This program of Intel aims to introduce Artificial Intelligence, its usage and function, to 1 million citizens in the first year of the program. This 4-hour program is divided into two sections: AI Appreciation (2.5 hours) and AI Awareness (1.5 hours).
The segment on AI Awareness provides an elementary understanding of AI, misconceptions about AI and the potential of application of AI.
The AI Appreciation segment will help the learners understand the domains of AI as well as the impact it has across the various industries.
This program is available in 11 vernacular languages. The content has also been made compatible with various talkback applications so that it can also be accessed by visually impaired people.
All India Council of Technical Education (AICTE) has announced that it is creating a database of resources so that colleges can offer more programmes in the regional languages of the country. AICTE has also developed a tool to translate the engineering content into 11 languages of the country.
This step has been taken so as to promote regional languages in the field of technical education.
In eight states, 14 engineering colleges are going to start engineering studies in five Indian languages. They are Bengali, Hindi, Telugu, Tamil, and Marathi.
The benefit of teaching in the regional languages will open up access to higher education for the students who are from low-income, rural families. These students want and are capable of learning, but not being fluent in English hinders their learning process.
It has been announced that Indian Sign Language will be added as a regular language subject in secondary schools. Doing so will promote inclusivity for hearing and speech impaired students. Other NEP initiatives such as three-month play module to prepare children to enter Class 1 and an academic credit bank have also been rolled out earlier.
India’s 14 Tiger Reserves have received the Global Conservation Assured | Tiger Standards (CA|TS) accreditation.
The 14 tiger reserves are
Orang, Manas and Kaziranga in Assam
Kanha, Panna and Satpura in MP
Pench in Maharashtra
Valmiki Tiger Reserve in Bihar
Dudhwa in UP
Sunderbans in West Bengal
Parambikulam in Kerala
Bandipur Tiger Reserve of Karnataka
Annamalai and Mudumalai Tiger Reserve in Tamil Nadu.
Global Conservation Assured | Tiger Standards (CA|TS) accreditation
CA|TS is a conservation tool which is accepted globally. This tool sets best standards and practices to manage the tiger population of the world and encourages their assessments for benchmarking of progress. It is being implemented in around 125 sites in seven tiger range countries. India has the highest number of 94 sites, out of which assessment of 20 tiger reserves were completed this year. Currently, the country has 51 tiger reserves which are spread across 18 states.
Protection and preservation of tigers are very important for the maintenance of the entire eco-systems and all species of fauna and flora. Hence, a balance between conservation and development as well as maintenance of the tiger population is very necessary. Infrastructures should be developed so that the tigers can be conserved and their population can be increased.