14.07.21 Daily [Telangana] TSPSC Current Affairs

With the state cabinet giving its nod to the policy, Telangana Inc expects the policy to give a fillip to the overall industrial Growth in the state.

Lauding the policy, the Federation of Telangana Chambers of Commerce and Industry (FTCCI) said it expects that with better logistics Infrastructure the competitiveness of pharmaceuticals, engineering, Biotechnology, electronics manufacturing and E-Commerce can be enhanced. With the creation of Pharma City, Hyderabad will emerge as a logistics hub for life-sciences as well as other related industries. Telangana government is also actively pursuing a large number of theme-based industrial hubs like biotechnology, electronics, aviation, seeds, Food Processing, textiles, furniture and leather. All these parks and hubs require integration with logistics infrastructure,

As per the state logistics policy, Telangana will focus on development of a robust logistics infrastructure by encouraging investors to park funds in the development of multi-modal logistics parks (MMLPs), integrated logistics parks and large-scale storage infrastructure facilities across the state.

As per the policy, the government will be offering incentives for setting up of warehouses of capacity greater than 1 lakh sft and cold storage capacity greater than 20,000 sft.

The INS Tabar exercise was held with the Italian Navy near Naples, Italy, as part of a continuous deployment to the Mediterranean

Highlights:

The exercise covered a broad range of naval operations, such as air DEFENCE procedures and Communication drills.

The exercise benefited both parties by improving interoperability and consolidating combined operations against maritime threats.

Major Indian Maritime Exercises:

SLINEX – Sri Lanka
Bongosagar and IN-BN CORPAT Bangladesh
JIMEX – Japan
Naseem-Al-Bahr – Oman
Indra – Russia
Zair-Al-Bahr – Qatar
Samudra Shakti – Indonesia
Indo-Thai CORPAT – Thailand
IMCOR – Malaysia
SIMBEX – Singapore
AUSINDEX – Australia
Malabar Exercise – Japan, and the USA

has approved changes to the Central Sector Scheme of financing facility under the <a href="https://exam.pscnotes.com/Agriculture-notes-for-state-psc-exams”>Agriculture Infrastructure Fund’.

Highlights:

State Agencies/APMCs, National and State Federations of Cooperatives, Federations of Farmers Producers Organizations (FPOs), and Federations of Self-Help Groups are now eligible (SHGs).

Currently, the scheme allows for interest subventions on loans of up to Rs. 2 crore in a single location.

If an eligible entity other than a private sector entity (i.e., state agencies, national and state federations of cooperatives, federations of FPOs, and federations of SHGs) establishes projects in multiple locations, all such projects will now be eligible for interest subsidies of up to Rs. 2 crore.

However, a private sector entity will be limited to a maximum of 25 such projects.

For APMCs, an interest subvention of up to Rs. 2 crore will be provided for each project of different infrastructure types, such as cold storage, sorting, grading, and assaying units, silos, and so on, within the same market yard.

The Industrial Land Bank Of India is a GIS-based portal that contains all information related to industrial , such as connectivity, infrastructure, <a href="https://exam.pscnotes.com/natural-Resources“>Natural Resources and topography, plot-level information about open spaces, activity lines, and contact information.

It serves as a one-stop shop for all industrial infrastructure-related data.

It acts as a decision-support system for investors scouting land remotely.

It is currently integrated with Industry-based GIS systems from 17 states, allowing details on the portal to be updated in real time.

The IILB has planned about 4,000 industrial parks on 550,000 hectares of land and is expected to achieve pan-Indian integration by December 2021.

It is administered by the Department of Industry and Internal Trade (DPIIT).

GIFT City (Gujarat International Finance Tec-City), India’s premier international financial centre

Banking and payment systems

Insurance

Capital markets

The Financial Market Dialogue between India and the United Kingdom was conducted virtually.

Highlights: