ODISHA
Odisha government eyes 9,049 crore windfall from mining sector in Q1
The state government expects huge revenue gain from the mining sector during the 2021-22 financial year with most of the mines auctioned before the outbreak of Covid-19 having started production.
Sources in the state steel and mines department said revenue collection from mining sector in the first quarter (April-June) is estimated at Rs 9,049 crore (as on June 28) compared to the Rs 2,735 crore collected in the corresponding period of the previous fiscal.
The collection is according to the initial estimate and may go up slightly after final audit by the department, said an official.
The premium (committed during auction of mineral block) is a percentage on the sale of mineral which the lease pays to the state government as tax every month. It is over and above the royalty.
Mining sectors contributed Rs 13,600 crore during the 2020-21 financial year while the collection was over Rs 11,000 crore during the 2019-20 financial year. With revenue collection from several other sectors like GST, VAT, excise, stamp duty and registration fee are expected to fall in the first quarter of the fiscal because of Covid-induced lockdown and shutdown, growth in collection of revenue from the mining sector should come as a breather for the state government.
INTERNATIONAL
India Positioned in 51st Place in Annual Bank Statistics
According to ‘Annual Bank Statistics of 2020’ launched through Swiss National Bank (SNB), the Central Bank of Switzerland. India with Swiss Francs (CHF) 2.55 billion (INR 20,706 Crore) has been positioned at 51st place in the list of overseas clients’ cash in Swiss Banks during 2020.
The United Kingdom (UK) topped the listing with CHF 377 billion, accompanied by means of the US (152 billion). India was once ahead of countries like New Zealand, Norway, Sweden, Denmark, Hungary, Mauritius, Pakistan, Bangladesh and Sri Lanka in phrases of foreign clients’ money in Swiss banks.
Sixth Edition of SDR 2021 Has Been Released
According to the 6th Edition of ‘Sustainable Development Report 2021 (SDR 2021)’ released by Sustainable Development Solutions Network (SDSN).
India with a score of 60.1 has been placed at a hundred and twentieth rank out of a hundred sixty-five countries. Finland topped the Index accompanied by way of Sweden & Denmark.
For the 1st time seeing that 2015, all countries have shown a reversal in progress in accomplishing Sustainable Development Goals (SDG) due to the COVID-19 pandemic.
SDR 2021 has been written by way of a crew of authors led via Professor Jeffrey Sachs, President of the SDSN and has been published by Cambridge University Press.
NATIONAL
NISHTHA The Capacity Building Programme
The Ministry of Tribal Affairs and NCERT collaborated to organise a NISHTHA Capacity Building Programme for teachers and principals of Eklavya Model Residential Schools (EMRS).
120 EMRS teachers and principals completed the 40-day NISHTHA-National Initiative for School Heads’ and Teachers’ Holistic Advancement Program.
The capacity building programme aims to improve the quality of school education through integrated teacher training and to build competencies among teachers and school principals. The teachers came from three different states: Himachal Pradesh, Madhya Pradesh, and Chhattisgarh.
More EMRS teachers from across the country will participate in the programme.
Biotech-KISAN Programme – DBT
DBT has issued a Special Call under the Biotech KISAN Programme to improve agricultural productivity in the North East region.
It is a farmer-centric scheme for farmers developed by and with farmers under the Ministry of Science and Technology’s Department of Biotechnology.
It is a pan-India programme that promotes entrepreneurship and innovation in farmers while also empowering women farmers.
It identifies and promotes local farm leaders of both male and female. In addition to facilitating knowledge transfer, this type of leadership also helps to develop science-based agriculture.
The goal is to understand the farmers’ water, soil, seed, and market problems and provide simple solutions to them.
The programme connects available science and technology to the farm by first understanding the local farmer’s problems and then providing scientific solutions to those problems.
The Biotech-KISAN hubs are expected to provide the technology needed to generate agriculture and bio-resource-related jobs and better livelihoods for small and marginal farmers by ensuring biotechnological benefits.
Integrated Power Development Scheme – IPDS
As part of the ‘Azadi ka Amrit Mahotsav,’ a 50 KWP solar roof top was inaugurated in Solan under the IPDS scheme.
About the Integrated Power Development Scheme (IPDS):
The scheme was established in 2014 with the following goals:
Strengthen transmission and distribution networks in urban areas.
Measure distribution transformers/feeders/consumers in urban areas.
IT support for the distribution sector and strengthening of the distribution network.
Enterprise Resource Planning (ERP) and IT-enabled balance urban towns schemes
The scheme is administered by the Ministry of Power, Government of India, and it focuses on urban power distribution.
Under the scheme, all discoms will be eligible for financial assistance
Under the overall supervision of the Power Ministry, Power Finance Corporation Limited (PFC) has been designated as the Nodal Agency for the scheme’s operationalization and implementation.
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