Hry introduces new policy for issuing TDR certificates to facilitate landowners
The Manohar Lal Khattar Government in Haryana has come up with a new policy for grant and utilization of transferable development rights (TDR), which will help the landowners to monetise their land holdings for the sites designated for external development works like sector roads, colleges, hospitals, open spaces, green belts among others.
The policy notified by the Town and Country Planning Department, Haryana is aimed at making it easier for such landowners, whose land is required for critical infrastructure needs of the development plan, to surrender their land in favour of the government in return of a TDR certificate.
The TDR certificate can be monetized by the landowner by selling it to various developers in the same development plan.
The policy would come as a major relief for the residents of developing sectors in urban areas and facilitate the construction of critical infrastructure like roads, hospitals, colleges.
As per the policy, TDR certificates can be issued for internal sector roads of 30-metre, 24-metre, 18-metre width and those that are part of sectoral plan road pockets. In addition to sector roads, all green belts provided in the development plans along such sector roads will also be considered to be eligible for grant of TDR certificate.
World Investor Week
The BSE and NSE stock exchanges kicked off the celebrations of “World Investor Week 2021,” a worldwide recognised event. Several educational activities will be held as part of the event.
World Investor Week (WIW) is being held by Central Depository Services (India) Ltd (CDSL) from November 21 to November 28, 2021, under the auspices of SEBI and the International Organization of Securities Commissions (IOSCO).
WIW is a week-long international festival organised by the IOSCO. It is celebrated all throughout India to promote awareness about the significance of investor education and protection.
Market infrastructure institutions (MIIs) including stock exchanges, clearing organisations, and depositories will hold instructional events throughout the week-long celebrations.
The National Stock Exchange (NSE) participated in ‘Ring the Bell for Financial Literacy’ to raise awareness about the need for investor education and protection.
Trade Policy Forum Revived By India – the US
India and United States have decided to revive the Trade Policy Forum after four years.
In addition to reinstating the Commerce Policy Forum after four years, India and the US have agreed to look into ways of addressing disputes on matters such as market access and digital trade.
This deal was reached at the outset of U.S. Trade Representative Katherine Tai’s two-day visit.
Negotiators from both nations laboured for more than a year to reach an agreement on a trade package, as India and the United States clashed over issues such as tariffs.
It is overseen by a delegate from each country. The purpose of this initiative was to increase bilateral trade and investment flows.
After four years, India and the United States have decided to resurrect their Trade Policy Forum.
La Nina Weather Event Begins – Australia
On November 23, 2021, Australia’s weather bureau announced that a La Nina weather phenomenon had formed in the Pacific Ocean for the second year in a row.
This phenomenon will deliver above-average rainfall to central, north, and east Australia as it develops.
This event has the potential to increase wheat production in Australia.
Because of favourable weather, India upped its wheat projection for this season by 17% to near-record levels in September 2021.
According to climate projections, the La Nina trend will be short-lived this year, lasting until late summer or early fall in the southern hemisphere in 2022.
Indira Gandhi Peace Prize
The Indira Gandhi Peace Prize 2021 has been given to Pratham NGO for its efforts to broaden the scope of education in India.
Pratham NGO was given the Indira Gandhi Prize for Peace, Disarmament, and Development for 2021 for,its pioneering efforts in ensuring that every child has access to quality education for more than a quarter-century.
Its creative application of digital technologies to offer education.
Its frequent examination of educational quality.
Its quick reaction in encouraging youngsters to learn despite the limits imposed by Covid-19.
The Indira Gandhi Peace Prize is a prominent honour given out every year. Indira Gandhi, the previous Prime Minister of India, was the inspiration for the name.
Cryptocurrency and Regulation of Official Digital Currency Bill, 2021
The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 is expected to be taken up for final consideration and passing during the winter session of the parliament, which is scheduled to start from November 29, 2021.
The bill seeks to prohibit all private cryptocurrencies in India, with some exceptions.
This bill is among 26 new Bills, out of total of 29 Bills in the government’s legislative agenda.
With Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, government seeks to create a facilitative framework for creation of official digital currency that will be issued by the Reserve Bank of India.
Cryptocurrency is the collection of binary data, that works as a medium of exchange. Cryptocurrency does not exist in physical form. It is not issued by a central authority and use decentralized control.
NITI Aayog launches SDGs Urban Index 2021-22
NITI Aayog launched “Sustainable Development Goals (SDGs) Urban Index and Dashboard 2021-22”. Shimla has topped the list of cities by scoring highest on the index.
Coimbatore and Chandigarh have been ranked at second and third position.
Thiruvananthapuram, Panaji, Pune, Kochi, Tiruchirappalli, Ahmedabad and Nagpur are among top 10 cities on the index.
SDG Urban Index & Dashboard
The SDG Urban Index & Dashboard (2021-22) was launched by NITI Aayog on November 23, 2021. It ranks 56 urban areas on 77 SDG indicators across targets like zero hunger, ending poverty, quality education, good health and wellbeing, gender equality etc in the SDG framework. The index and dashboard will help in strengthening SDG localization as well as institute robust SDG monitoring at the city level. The index highlights strengths and gaps of ULB-level data, monitoring as well as reporting systems.
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