23.08.21 Daily [Uttar Pradesh] UPPSC Current Affairs

Union Finance Minister Nirmala Sitharaman has launched an bold Ubharte Sitaare Fund -USF for export-oriented firms and startups in a application at Lucknow.

The Fund ambitions at arranging cash for the advertising of micro, small and medium companies. The fund has been set up by and Exim Bank. This scheme will be profitable in Uttar Pradesh as the country has the perfect number of MSMEs.

Ubharte Sitaare Programme (USP) of Exim Bank identifies Indian businesses that have the doable to be future champions in the domestic arena whilst catering to world demands.

This fund is a mix of structured support, monetary & advisory Services through investments in Equity or equity-like instruments, debt (funded and non-funded) & technical help (advisory services, offers and tender loans) to the Indian companies.

Hindustan Aeronautics Limited (Hal) signed a $716-man deal with GE Aviation of the U.S. for 99 F404 plane engines and help Services to power the indigenous Tejas Light Combat Aircraft (LCA) Mk-1A.

Highlights:

In February, the DEFENCE Ministry had signed an Rs. 48,000 crore deal with HAL to provide 83 LCA-Mk1A to the Indian Air Force (IAF).

The Light Combat Aircraft (LCA) Tejas is an indigenous supersonic fighter jet used with the aid of the Indian military.

LCA Tejas is a single-engine multirole light fighter aircraft.

The Light Combat Aircraft programme was started by the Government of India in 1984 when they installed the Aeronautical Development Agency (ADA) to manage the LCA programme.

LCA Tejas was once designed and developed by India’s HAL (Hindustan Aeronautics Limited).

It replaced the aging Mig 21 fighter planes.

Union minister for power and new and R K Singh said all villages in the country will get 24×7 electricity supply soon.

Talking to reporters here during his partys ashirwad yatra, Singh said the ministry of power has started working on the plan to ensure 24-hour electricity availability in all the villages. “For this, the central government has approved a scheme of Rs3,03,000 crore. Before this, a scheme of Rs2,02,000 crore was started in which Bihar got Rs22,000 crore, he said.

Singh said there is a demand of 2 lakh MW power in the country while the total power generation capacity has reached 3,84,000 MW. Altogether 1,42,000km of grid line has been expanded in the country. In a span of just 18 months, 2,82,00,000 households have been given electricity connections. In Bihar, 512 new power sub-stations were installed and 450 sub-stations were upgraded. We have replaced 7.5 lakh km of power lines and installed 6.65 lakh new transformers in the country. Solar grid of 1 lakh MW capacity has also been installed, Singh said.

INDIAN NAVY Ships Shivalik and Kadmatt arrived at Guam to participate in the Multilateral Maritime Ex Malabar.

INS Shivalik and INS Kadmatt arrived at Guam, an Island Territory of the USA as part of their ongoing deployment to nations in SouthEast Asia and the Pacific Ocean.

The 2 ships are scheduled to participate in the annual Exercise MALABAR-21, between the navies of Australia, India, Japan and the USA.

INS Shivalik is a multi-role Guided Missile Stealth Frigate.

INS Kadmatt is an Anti-Submarine Corvette.

Both are indigenously built and structure phase of the Indian Navys Eastern Fleet primarily based at Visakhapatnam, Eastern Naval Command.

Facebook India has launched the “Small Business Loans Initiative” in India in PARTNERSHIP with the online lending platform Indifi. India is the first site where Facebook is rolling out this programme.

Highlights:

This initiative aims to help small and medium corporations (SMBs) that advertise on Facebook to quickly get the right of entry to credit/loans via impartial lending partners.

This will make business loans extraordinary without difficulty handy to small businesses and minimize the gap inside India’s MSME sector.

It is open to groups registered across 200 towns and cities of India.

Indifi is the first lending associate that Facebook has tied up with, and the programme is constructed with the concept of carrying more companions on board.

Through Facebook’s partnership with Indifi, small agencies promoting Facebook can get loans at a predefined interest fee of 17-20 per cent per annum.

The programme will additionally allow small groups to follow for loans besides collateral via a speedy online application.

World Day, (also regarded as Sanskrit Diwas), is celebrated each and every year on Shravan Poornima, which is the Poornima day of the Shravan month in the Hindu calendar, which is also marked as Raksha Bandhan. In 2021, this day will be observed on August 22, 2021.

Key Points:

The day commemorates the historic Indian language of Sanskrit and objectives to promote its revival and maintenance. The Government of India decided to rejoice World Sanskrit Day in 1969, on the event of Raksha Bandhan that comes on the full moon day of the Hindu month of Shravana.