DEC, 2021 NEW SAY S AY I S

1 SRI LANKA DETAINS 13 MORE INDIAN FISHERMANR ecently Sri Lankan authorities have detained Indian fishermen and boats on charges of alleged poaching and illegal fishing in the island nation s behind india - Sri Lanka fisheries dispute:VISIONIASNEWS T DAY22nd DEC, 2021 DELHI | JAIPUR | PUNE | HYDERABAD | AHMEDABAD | LUCKNOW | CHANDIGARH | GUWAHATI1/4 NEWS T DAYCONTROLLER AND AUDITOR GENERAL (CAG) REPORT ON INDIAN RAILWAYS (IR) FINANCESKey Findings of CAG report:Recommendations made:OR is the ratio of the working expenditure (expenses arising from day-to-day operations of Railways) to the revenue earned from traffic. A higher ratio indicates a poorer ability to generate surplus that can be used for capital investments.

2 The 1974 agreement between the two nations ceded the resource-rich Katchchativu islet to Sri Lanka, which the Tamil fishermen had traditional fishing rights for Lanka has banned bottom-trawling in their waters in in receipts: Total Receipts decreased by . in - as compared to . increase in - .Cross-Subsidization: Profits from freight traffic were utilised to compensate for the loss on operationof passenger and other coaching Ratio OR : OR deteriorated from . in - to . in - .Take steps to augment internal revenues, so that dependence on GBS and EBR is the working of loss making PSUs and fast track the winding-up process of non-working Railway the passenger and other coaching tariffs so as to recover the cost of operations in a phased manner and reduce its losses in its core activities.

3 india has taken up the issue of early release of the Indian fishermen and boats with the government of Sri Lanka. Lack of defined maritime boundary: Though india and Sri Lanka signed four Maritime Boundary Agreements between - , there is no well-defined maritime boundary between the two surveillance: Since , the Sri Lankan navy has tightened surveillance of its northern maritime boundary to halt a potential return of Tamil of marine resources along the Tamil Nadu coast due to incessant bottom-trawling has meant that the Indian fishermen are drawn to the relatively resource-rich Sri Lankan freight basket to enhance earnings and also exploit idle assets to increase other Railways is financed through:About Doping Its own internal resources freight and passenger revenue, and leasing of railway land ,Gross Budgetary support GBS from the central government , andExtra budgetary resources EBR.

4 Primarily borrowings but also includes institutional financing, public private partnerships, and foreign direct investment .SSIP was launched in July by AIM, NITI Aayog in partnership with UNCDF to enable cross-border exchange of innovations, insights and investments among emergingmarkets across india , Indonesia, Malawi, Malaysia, Kenya,Uganda, AgriTech cohort has been launched by Atal Innovation Mission AIM , NITI Aayog and United Nations Capital Development Fund UNCDF jointly under SSIP to help smallholder farmers across Asia and Africa to address agriculture related challenges post pandemic. The need for focus on agriTech arises as in india , more than of the population is dependent on agriculture and it contributes to about - of the ASSISTANCE MEASURE (SAM) EXTENDED TO ANDHRA PRADESH IN LIEU OF SPE-CIAL CATEGORY STATES (SCS) STATUSFIRST AGRITECH COHORT UNDER SOUTH-SOUTH INNOVATION PLATFORM (SSIP) LAUNCHEDVISIONIASDELHI | JAIPUR | PUNE | HYDERABAD | AHMEDABAD | LUCKNOW | CHANDIGARH | GUWAHATI2 created differently using new techniques like GM crops.

5 Incorporating cross-industry technologies and innovative technologies to bring food production closer to OALP mechanism has been launched under Hydrocarbon Exploration and Licensing Policy HELP to boost domestic hydrocarbon production. HELP was launched in March that replaced the New Exploration Licensing Policy NELP . Significance of HELP in comparison to NELPU nder OALP mechanism, investors can carve out blocks of their choice by assessing Exploration and Production E P data available at National Data Repository NDR and submitting an Expression of Interest EoI , without waiting for the formal bid round from the GovernmentUnder OALP VII, Eight blocks spread over Sedimentary Basins, States covering , Sq.

6 Km of area are being bid OF PETROLEUM AND NATURAL GAS LAUNCHES OPEN ACREAGE LICENSING PROGRAMME (OALP) BID ROUND SEVENW orld government Summit report explains three general AgriTech trends Increasing population, increasing average income and globalisation effects in india will increase demand for quantity, quality and nutritious food, and variety of food. As per obligation emanating from the Andhra Pradesh Reorganisation Act, , the recommendations of the Finance Commissions, NITI Aayog report, the Special Assistance Measure to the Successor State of Andhra Pradesh was , first introduced in , is a classification given by Centre to assist in the development of those states that face geographical and socio-economic disadvantages like hilly terrains, strategic international borders, economic and infrastructural backwardness, and non-viable state SCS.

7 Central government bears of the state expenditure on all centrally-sponsored schemes and external aid while rest is given as loan to state at zero percent rate of interest. SAM will be provided by way of repayment of loan and interest for the Externally Aided Projects EAPs signed and disbursed during - to - by the Fourteenth Finance Commission restricted SCS only to the north-eastern and three hilly money does not lapse and is carried with SCS are exempted from customs duty, corporate tax, income tax and other taxes to attract to Revenue Sharing Model from profit sharing in License for all Hydrocarbons instead of separate licenses in Royalty Rates Varies from in Ultra-Deep Offshore to.

8 Onland with no royalty for the first years incase of deep-sea drilling. Also, there are concession in Royalty Rates for Early Dispute Resolution MechanismPricing Marketing is defined as technol-ogical innovations that either reduce waste, cost and time or impr-ove productivity, enhance efficiency, boost yield, and increase profitability. Initiatives taken in IndiaGovernment s free app, Kisan Suvidha, provides farmers information on current weather, market price, dealer info, plant protection, and launched Innovation and Agri-Entrepreneurship Development under Rashtriya Krishi Vikas Yojana RKVY-RAFTAAR in - to promote innovation and agri-entrepreneurship by providing financial support to incubation s Geo-platform, Bhuvan, which provides valuable data on the plantation.

9 Pest surveillance and IN NEWSVISIONIASDELHI | JAIPUR | PUNE | HYDERABAD | AHMEDABAD | LUCKNOW | CHANDIGARH | GUWAHATI3 Sabha referred The Chartered Accountants CA , the Cost and Works Accountants CWS and the Company Secretaries CS Amendment Bill, to a standing committee for more scrutiny. The Bill seeks to strengthen the disciplinary mechanism under these Acts, and provide for time bound disposal of cases against members of the Institute of Chartered Accountants of india , the Institute of Cost Accountants of india and the Institute of Company Secretaries of the disciplinary mechanisms aims to address the conflict of interest between the institutes administrative and disciplinary arms, and enhancing overall raise the bar for corporate governance standards in india ,Enable investors to identify companies that have voluntarily signed up for higher standards of corporate governance.

10 Broaden the quality of investors in listed companies Stock Exchange NSE has launched a new corporate governance initiative NSE Prime .About NSE Prime:It is a framework that prescribes higher standards of corporate governance for listed companies than those required by the NSE-listed companies can adopt NSE Prime :Russia s state-run atomic energy corporation, Rosatom, began construction of unit of KNPP. KNPP is india s first nuclear plant to use imported PWR pressurised water reactor is being developed by the Nuclear Power Corporation of india NPCIL .The power plant will have a combined capacity of MW upon commissioning of its six is building the KKNPP under an Inter-Governmental Agreement of and follow-on agreements in and.