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Daily PIB Analysis For UPSC/IAS | Download PDF

Date: 19 March 2019

 

Ministry of Defence

  • CNS Reviews Operational Readiness Exercise in Kochi
  • The Chief of Naval Staff (CNS), Admiral Sunil Lanba, PVSM, AVSM, ADC, arrived Kochi on 18 March 19 for the debrief of the recently concluded annual Theatre Level Readiness and Operational Exercise (TROPEX). Commanders-in-Chief of all the three naval Commands, along with a number of senior operational commanders and representatives from Indian Army, Air Force and Indian Coast Guard attended and participated in the discussions held at the Naval Base, Kochi.
  • The Annual Integrated Theatre Level Operational Readiness Exercise - in short TROPEX - the largest maritime exercise of the Indian Navy was conducted in the month of February in the Arabian Sea and North Indian Ocean. TROPEX 2019 was thus far the largest in terms of geographical extent covering the IOR, and also with regard to number of units participating.
  • The exercise was conducted from 07 Jan 19 and graduated smoothly into providing the IN a high operational readiness posture post the Pulwama attack on 14 Feb 19. About 60 ships of Indian Navy, 12 ships of Indian Coast Guard and 60 aircraft participated in TROPEX 19. The exercise also included a Tri-services Amphibious Exercise that saw the participation of Army and Air Force personnel and assets. As a prelude to TROPEX, the largest coastal defence exercise over codenamed ‘Sea Vigil’, was conducted on 22 and 23 Jan 19 with participation of all coastal states and union territories along with all maritime stake holders.

Ministry of Corporate Affairs

  • IBBI, SEBI sign MoU for better implementation of IBC
  • The Insolvency and Bankruptcy Board of India (IBBI) signed a Memorandum of Understanding (MoU) today with the Securities and Exchange Board of India (SEBI).
  • The IBBI and the SEBI seek effective implementation of the Insolvency and Bankruptcy Code, 2016 (Code) and its allied rules and regulations, which have redefined the debt-equity relationship and aims to promote entrepreneurship and debt market. They have agreed under the MoU to assist and co-operate with each other for the effective implementation of the Code, subject to limitations imposed by the applicable laws.

The MoU provides for:

(a) sharing of information between the two parties, subject to the limitations imposed by the applicable laws;

(b) sharing of resources available with each other to the extent feasible and legally permissible;

(c) periodic meetings to discuss matters of mutual interest, including regulatory requirements that impact each party's responsibilities, enforcement cases, research and data analysis, information technology and data sharing, or any other matter that the parties believe would be of interest to each other in fulfilling their respective statutory obligations;

(d) cross-training of staff in order to enhance each party's understanding of the other's mission for effective utilisation of collective resources;

(e) capacity building of insolvency professionals and financial creditors; (f) joint efforts towards enhancing the level of awareness among financial creditors about the importance and necessity of swift insolvency resolution process of various types of borrowers in distress under the provisions of the Code, etc.

  • The Insolvency and Bankruptcy Board of India was established on 1st October, 2016 under the Insolvency and Bankruptcy Code, 2016 (Code).
  • It is a key pillar of the ecosystem responsible for implementation of the Code that consolidates and amends the laws relating to reorganization and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner for maximization of the value of assets of such persons, to promote entrepreneurship, availability of credit and balance the interests of all the stakeholders.
  • It is a unique regulator: regulates a profession as well as processes. It has regulatory oversight over the Insolvency Professionals, Insolvency Professional Agencies, Insolvency Professional Entities and Information Utilities.
  • It writes and enforces rules for processes, namely, corporate insolvency resolution, corporate liquidation, individual insolvency resolution and individual bankruptcy under the Code.
  • It has recently been tasked to promote the development of, and regulate, the working and practices of, insolvency professionals, insolvency professional agencies and information utilities and other institutions, in furtherance of the purposes of the Code.
  • It has also been designated as the ‘Authority’ under the Companies (Registered Valuers and Valuation Rules), 2017 for regulation and development of the profession of valuers in the country.

 

 Ministry of Defence

  • Opening ceremony: Africa-India Field Training Exercise-2019
  • The inaugural Africa-India Field Training Exercise-2019 for India and African nations called AFINDEX-19 scheduled from 18 March to 27 March 2019 started with a grand opening ceremony on 18 March 2019 at Aundh Military Station, Pune.
  • Contingents of the 17 African Nations i.e. Benin, Botswana, Egypt, Ghana, Kenya, Mauritius, Mozambique, Namibia, Niger, Nigeria, Senegal, South Africa, Sudan, Tanzania, Uganda, Zambia and Zimbabwe came together for the opening ceremony alongwith a contingent of Maratha Light Infantry representing India.
  • The aim of the exercise is to practice the participating nations in planning and conduct of Humanitarian Mine Assistance and Peace Keeping Operations under Chapter VII of United Nations Peace Keeping Operations.
  • The exercise will focus on exchange of best practices between the participating nations, team building and tactical level operations in conduct of United Nations mandated tasks to include establishment of a new mission, siting of a United Nations Headquarters for Peace Keeping operations, siting of Military Observer sites during the peace keeping missions, protection of civilians, nuances of standing combat deployment, convoy protection, patrolling aspects and aspects related to Humanitarian Mine Assistance.

 

Ministry of Home Affairs

  • 3rd Indo-Japan Workshop on Disaster Risk Reduction held in New Delhi
  • The workshop was attended by about 140 delegates from Japan and India including experts from both the governments, top premium research institutes, city administrators, specialized Disaster Management agencies and private sector.
  • The Government of India and the Government of Japan had signed a Memorandum of Cooperation (MoC) in the field of Disaster Risk Reduction (DRR) in September 2017.
  • The 3 rd Indo-Japan workshop is the follow-up of the deliberations held during the 1 st Indo-Japan Workshop on DRR held on March 18-19, 2018 in New Delhi as well as during the 2 nd Indo-Japan workshop on DRR held on October 13-15, 2018 in Tokyo, Japan. The 3rd workshop was organized with an objective of enhancing collaboration between research institutes, cities and the private sector in the field of Disaster Risk Reduction.
  • Our world is changing very fast and evolving targets of Sendai Framework for Disaster Risk Reduction (SFDRR) need to be supported by solid research. He emphasized that the collaboration between India and Japan should be strengthened in the areas of Early Warning Systems, build-back-better, capacity development, Science & Technology application and institution strengthening.

 Ministry of New and Renewable Energy

  • Advisory to General Public : Fraudulent websites for registration under Kisan Urja Suraksha evam Utthaan Mahabhiyan (KUSUM) Scheme
  • The Government of India has recently approved scheme for farmers for installation of solar pumps and grid connected solar power plants. Administrative Approval for the scheme has been issued by theMinistry of New & Renewable Energy (MNRE) on 08.03.2019.
  • DISCOMs and State Nodal agencies shall be implementing this scheme for which the detailed guidelines will be issued shortly.
  • It has been noticed that few websites have cropped up claiming to be registration portal for KUSUM Scheme. Such websites are potentially duping general public and misusing data captured through fake registration portal.