Finance minister seeks Rs 353 crore IGST settlement from Centre to Telangana
Finance minister T Harish Rao on Friday sought 352 crore as integrated goods and services tax (IGST) settlement from the Centre to Telangana.
In a letter to GST council chairman and Union finance minister Nirmala Sitharaman, Harish Rao said 13,944 crore was left unallocated and held in the Consolidated Fund of India (CFI) for the fiscal year 2018-19, with Telangana’s share amounting to 352 crore.
Harish Rao also demanded 50 crore in financial support under the Andhra Pradesh Reorganisation Act for each of the 10 undivided districts. “The assistance for 2019-20 is yet to be released. We request the Union government to release the assistance for 33 districts as new districts were formed after 2014,” he said.
The FM said that it would be better to discuss the problem with cotton-growing states like Maharashtra and Gujarat and address the concerns to the fitment committee in order to have a fresh perspective.
Australia to Help in Gaganyaan Mission
Australia will assist India’s ‘Gaganyaan’ mission through tracking it via Cocos Keeling island. There are blind spots by which there is an opportunity of not receiving signals, sources said. The records relay satellite monitoring from Cocos Keeling island is anticipated to help tackle the issue.
Satellites in orbit can’t skip alongside their information to the ground stations on Earth if it does not now have a clear view of the floor station. A relay satellite serves as a way to bypass the satellite’s information.
Official announcement of the Gaganyaan programme was made by PM Modi at some point of his Independence Day tackle on 15th August 2018.
The first target was to launch the human spaceflight earlier than the 75th anniversary of India’s independence on August 15, 2022.
The goal of the Gaganyaan programme is to reveal the capability to ship people to low earth orbit on board an Indian launch vehicle and convey them back to earth safely.
ASEAN-India Economic Ministers Consultations Held
The 18th ASEAN-India Economic Ministers’ (AEM) Consultations were held virtually on 14th September.
The economic ministers of the 10 ASEAN countries attended the meeting
Among different things, the ministers actively mentioned the early commencement of the ASEAN India Trade in Goods Agreement (AITIGA) Review.
The Ministers mentioned the status of the scoping exercise of the review and resolved to complete the method expeditiously to make the agreement trade facilitative, user-friendly with modern and streamlined customs and regulatory procedures.
China applied to join Asia-Pacific Free Trade
China has applied to join the Asia-Pacific Free Trade grouping of 11-nation in a bid to increase its influence over international policies.
Application was submitted by the Commerce Minister Wang Wentao, to the Trade Minister of New Zealand as a representative of Comprehensive & Progress Agreement for Trans-Pacific Partnership (CPTPP) or the Asia-Pacific free Trade grouping.
CPTPP was originally the Trans-Pacific Partnership. It was a group promoted by former President Barack Obama as part of USA’s increasing emphasis on its relations with Asia.
China was not included in the initial group.
Donald Trump had pulled out the group in 2017 and the current President of US Joe Biden has not yet re-joined the group.
AUKUS: New security partnership for Indo-Pacific
US President Joe Biden administration has announced a new trilateral security partnership for the Indo-pacific. Security partnership was done between Australia, United Kingdom and United States.
This security grouping called AUKUS, will focus towards advancing strategic interests in the Indo-Pacific region.
Officials noted that, the trilateral grouping was security focused and is different but complementary to arrangements like the Quad.
Features of the partnership
The central feature of this partnership comprises of a trilateral 18-month effort in order to help Australia in acquiring nuclear powered submarines which are quieter, more capable as compared to their conventional counterparts.
Such submarines can be deployed for longer periods and needing to surface less frequently.
These are nuclear powered submarines and not armed with nuclear weapons.
AUKUS will also involve a new architecture of meeting and engagements between three countries.
It also involves the cooperation across emerging technologies like AI, quantum technologies as well as undersea capabilities.
AUKUS partnership is a very rare because U.S. shared this kind of technology on nuclear powered submarines only once to UK, before sharing it with Australia.
Rail Kaushal Vikas Yojana by Railway Ministry
The Minister of Railways introduced the Railway Kaushal Vikas Yojana (RKVY), a program under the Pradhan Mantri Kaushal Vikas Yojana (PMKVY).
About the Rail Kaushal Vikas Yojana (RKVY):
Rail Kaushal Vikas Yojana is a skills development program for unemployed young people in India, which provides technical training in various industries to improve their employability and entrepreneurial spirit.
Rail Kaushal Vikas Yojana (RKVY) is one of the skills upgrading training programs under the Ministry of Railways and the Ministry of Skills Development and Entrepreneurship of India.
Cost-free training is imparted in Railway Training Institutes for eligible youths throughout the country.
Any Matric with an age limit between 18-35 years old can choose and apply for online and offline training through students
A certificate to be given on successful completion of the training.
ISRO to develop reusable GSLV Mk-III launch vehicle
The Indian Space Research Organisation (ISRO) is working on technologies in order to develop reusable GSLV Mk-III launch vehicle.
This new technology will help ISRO to land its GSLV Mk-III launch vehicles vertically.
It will be similar to what Elon Musk’s SpaceX is doing.
With this technology, ISRO also seeks to recover the first and second stages of the launch vehicle.
Development of reusable GSLV Mk-III launch vehicle will help ISRO is saving money as well.
To develop reusable GSLV Mk-III launch vehicle, a “wholesale change or augmentation” has been made. One of the ways of bringing change is that, vehicle would have to rework its three stages. Second liquid stage will be replaced with a semi-cryo stage, while the terminal cryo stage C-25, will be converted into C-32. Apart from this, inert mass for the terminal stage will be optimised.
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