Samajho’s Telegram Compilation: Part 8

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Telegram Compilation: Part 8

This is a compilation of various Articles / Solutions to MCQs that we regularly post on our Telegram Channel.
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Insolvency and bankruptcy code

Monetary Policy Corridor

International Platform on Sustainable Finance (IPSF)
  • About
    • Launched in 2019 by the European Union together with relevant authorities from Argentina, Canada, Chile, China, India, Kenya, and Morocco
    • It was introduced at the IMF and World Bank Group Annual Meetings, in Washington D.C.
  • Aim
    • To scale up the mobilization of private capital towards environmentally sustainable investments
  • Objectives
    • Promote best practices in environmentally sustainable finance;
    • Identify barriers and opportunities to scale up environmentally sustainable finance internationally;
    • Enhance international coordination on environmentally sustainable finance issues.
PM Matsya Sampada Yojana
  • Context
    • The Union Cabinet has approved the implementation of the Pradhan Mantri Matsya Sampada Yojana (PMMSY).
  • About the scheme
    • It aims to bring about the Blue Revolution through sustainable and responsible development of the fisheries sector under two components
      1. Central Sector Scheme (CS)
      2. Centrally Sponsored Scheme (CSS)
    • It will be implemented for five years from FY 2020-21 to FY 2024-25.
    • Central Sector Scheme Component
    • The entire project cost is borne by the Central government i.e. 100% central funding.
    • Direct beneficiary-oriented activities are undertaken by the entities of central government including the National Fisheries Development Board (NFDB) with the assistance of
      1. 40% of the project cost for General category
      2. 60% for SC/ST/Women category.
  • Centrally Sponsored Scheme
    • The project cost for the Non-beneficiary orientated sub-components under CSS components will be shared
      1. North Eastern and the Himalayan States- 90% Central share and 10% State share.
      2. Other States- 60% Central share and 40% State share.
      3. Union Territories (with the legislature and without legislature)- 100% Central share.
    • For the Beneficiary orientated activities, the Government financial assistance of both Centre and State/UTs governments together will be limited to
      1. 40% of the project cost for General category
      2. 60% of the project/unit cost for SC/ST/Women.
  • Benefits
    • Address the critical gaps in the fisheries sector and realize its potential.
    • Augment fish production and productivity at a sustained average annual growth rate of about 9% to achieve a target of 22 million metric tons by 2024-25.
    • Improve the availability of certified quality fish seed and feed, traceability in fish, and including effective aquatic health management.
    • Create critical infrastructure including modernization and strengthen the value chain.
    • Boost investments in the fisheries sector and increase the competitiveness of fish and fisheries products.
    • Double fishers, fish farmers and fish workers incomes by 2024.

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