The Big Picture - Economic Survey: Trends & Expectations

Recommendations of Deepak Mohanty Committee on Medium-term Path on Financial Inclusion

Recommendations of Deepak Mohanty Committee on Medium-term Path on Financial Inclusion The Reserve Bank of India (RBI) has released the Report on Medium-term Path on Financial Inclusion submitted by 14-member committee headed by RBI Executive Director Deepak Mohanty. RBI had constituted the committee in July 2015 to examine the existing policy regarding financial inclusion and the for m a five-year (medium term) action plan. It was tasked to suggest plan on several components with regard to payments, deposits, credit, social security transfers, pension and insurance. Key recommendations : Cash transfer: Augment the government social cash transfer in order to increase the personal disposable income of the poor. It would put the economy on a medium-term sustainable inclusion path. Sukanya Shiksha Scheme: Banks should make special efforts to step up account opening for females belonging to lower income group under this scheme for social cash transfer as a welfare measur

Environment Ministry notifies revised standards for Common Effluent Treatment Plants

Environment Ministry notifies revised standards for Common Effluent Treatment Plants (CETPs) Across industrial clusters-PIB CETP • The concept of common effluent treatment plant has been accepted as a solution for collecting, conveying, treating, and disposing of the effluents from the industrial estates. • The effluent include industrial wastewaters and domestic sewage generated from the estate. • This CETP concept helps small and medium scale industries to dispose of their effluents. Otherwise it may not be economical for these industries to treat their wastewaters or there may be space constraints. • Some of these industries may require to give preliminary treatment (for removal of solids) so that the receiving sewers can be maintained free flowing. • It may be required to correct pH or removal of specific pollutant before the industry discharges in CETP. CETP • CETP is designed on the basis of: – Quality and flow rate of the wastewater. – Effluent standard required by CE

India’s challenge of securing the seas

Three recent events underline India’s efforts to highlight its growing maritime interests and ambitions in order to secure them unilaterally and in partnership with others. The first was the quiet release of the Indian Maritime Security Strategy (IMSS) titled Ensuring Secure Seas in October. The second was the holding of the combined senior commanders’ conference, with top officers from all three services, on board INS Vikramaditya , the Indian Navy’s latest aircraft carrier and its largest platform, in December. The last and most recent was India’s hosting of its second International Fleet Review (IFR) at Visakhapatnam in early February. While the pomp and circumstance as well as the photo-ops of the IFR, which attracted naval vessels from 50 countries, predictably, created the biggest splash, its significance is best understood in tandem with the 185-page IMSS-2015. Although the document is simultaneously comprehensive, conservative and cautious, it conveys one key message:

Civil Service Bytes

Search This Blog