HARYANA
Special subsidy scheme prepared to attract mega projects in Haryana: Dushyant Chautala
Haryana Deputy Chief Minister Dushyant Chautala on Monday said that the State Government has prepared a scheme of ‘Investment Subsidy in lieu of Net SGST’ in order to attract more investors in the state.
“Under this, projects from MSMEs will be given subsidy. With the establishment of more industries, employment opportunities will be directly enhanced for more youth of the state,” Dushyant said.
The Deputy Chief Minister, who also holds the portfolio of Industries and Commerce Department, said that the ‘Haryana Enterprises and Employment Policy, 2020’ has been formulated by the State Government with the main objective to make the state a major investment-destination and to facilitate balance between regional and sustainable development through an energy efficient governance system.
He further said that in cases where ‘Net SGST’ under cash ledger is less than 5 percent of FCI in a year, a subsidy of up to 5 percent of FCI will be given in equal annual installments for a period of 8 years. In this also, there will be an annual limit of maximum Rs. 5 crore for a mega project, he said.
INTERNATIONAL
Vaidehi Dongre Crowned as Miss India USA
Vaidehi Dongre, a 25-year-old young lady from Michigan, has been delegated Miss India USA 2021 at the excellence event. Arshi Lalani from Georgia was pronounced the primary next in line and North Carolina’s Mira Kasari was proclaimed the second place.
NATIONAL
Juvenile Justice Care and Protection of Children Amendment
The Rajya Sabha has passed the juvenile justice (care & protection of children) amendment bill. It was previously approved by the lower house in March 2021. The purpose of the bill is to amend the Juvenile Justice Act of 2015.
The amendments include authorizing district magistrates (including additional district magistrates) to issue adoption orders under section 61 of the Juvenile Justice Act to ensure that cases are handled quickly and to strengthen accountability.
The District Magistrates have been given additional authority to ensure its smooth implementation and to coordinate efforts in support of children in distress.
Under the amended provisions of the Act, any Child Care Institution must be registered after considering the District Magistrate’s recommendations.
The criteria for appointing members of the Child Welfare Committee have been revised. There are also disqualification criteria for the same.
It has been decided that offences where the maximum sentence is more than 7 years in prison but no minimum sentence has been prescribed or a minimum sentence of less than 7 years is provided will be treated as serious offences under this Act.
IFSCA Regulations 2021 – Financial Services
International Financial Services Centre (Capital Market Intermediaries) Authority Regulations 2021 is in news.
IFSCA proposes enacting a regulatory framework for capital market intermediaries operating in IFSC, with a focus on ease of doing business and in accordance with the fundamental principles established by the International Organization of Securities Commissions.
The proposed IFSCA (Capital Market Intermediaries) Regulations, 2021 (Intermediaries Regulations) provide, among other things, for regulatory requirements regarding registration, obligations and responsibilities, inspection, and enforcement of various types of capital market intermediaries such as clearing members, broker dealers, investment bankers, depository participants, portfolio managers, and investment advisers, credit rating agencies, custodians, debenture trustees and account aggregators.
Project BOLD by KVIC and BSF
KVIC and BSF launch Project BOLD in Jaisalmer to combat desertification and boost the rural economy.
About BOLD:
The project called “Bamboo Oasis on Drought Lands” (BOLD) is the first exercise of its kind in India and was launched on July 4, 2021 from the tribal village of Nichla Mandwa in Udaipur, Rajasthan.
Project Bold is a one-of-a-kind scientific exercise with the dual national goals of reducing desertification and providing livelihood and multi-disciplinary rural industry.
Its goal is to increase tribal peoples’ income while also addressing environmental concerns.
It is in line with Prime Minister Narendra Modi’s call to reduce land degradation and prevent desertification in the country by establishing bamboo-based green patches of land in arid and semi-arid areas.
The project was initiated by the Khadi and Village Industries Commission (KVIC), which is part of the Ministry of Micro, Small, and Medium Enterprises.
It has been launched as part of KVIC’s “Khadi Bamboo Festival” to celebrate the 75th anniversary of independence “Azadi ka Amrit Mahotsav”.
First Stage of Cycles4change Challenge
The list of awardees for the India Cycles4change stage 1 programme was announced by the Ministry of Housing and Urban Affairs.
Highlights:
The government has bestowed the prestigious title of India’s Top 11 Cycling Pioneers on 11 cities.
The award marks the start of the next season of the Cycles4Change Challenge in India. 107 cities across the country have gathered to test, learn and promote different Cycling -friendly programs.
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