26 June 2023 : PIB
PRESS INFORMATION BUREAU
26-June-2023
Daily Current Affairs For UPSC ,The PIB ( Press Information Bureau )
1. Prime Minister conferred with the Order of the Nile.
Topic: GS2 – International relations.
Context:
- On June 25, 2023, Prime Minister Shri Narendra Modi was conferred with the ‘Order of the Nile,’ the highest civilian award of Egypt, in a special ceremony at the Presidency in Cairo.
- The award was presented by President of the Arab Republic of Egypt, H.E. Mr. Abdel Fattah El-Sisi.
- This recognition makes Prime Minister Modi the first Indian to receive the prestigious ‘Order of the Nile’ award.
More about Prime Minister’s visit to Egypt:
Prime Minister Narendra Modi visited Egypt on June 19-20, 2023, at the invitation of Egyptian President Abdel Fattah el-Sisi.
- During the visit, the two leaders held talks on a wide range of issues, including the situation in the Middle East, the fight against terrorism, and the global economic outlook.
- They also signed a number of agreements, including a memorandum of understanding on cooperation in the field of civil aviation and a framework agreement on cooperation in the field of renewable energy.
- In a joint statement issued after the talks, the two leaders said that they had agreed to “further deepen and expand” their bilateral cooperation in all areas. They also expressed their commitment to working together to promote peace and stability in the region.
Here are some of the key takeaways from the visit:
- The two countries agreed to strengthen their trade and investment ties. They announced a target of $10 billion in bilateral trade by 2025.
- They also agreed to cooperate in the field of energy. India is looking to import more oil and gas from Egypt, and Egypt is interested in investing in India’s renewable energy sector.
- The two countries also agreed to cooperate in the field of security. They discussed ways to combat terrorism and extremism.
- They also agreed to work together on regional issues, such as the situation in the Middle East.
The visit was seen as a success by both sides. It was the first visit by an Indian prime minister to Egypt in 10 years. The two countries have a long history of ties, and the visit is seen as an opportunity to strengthen those ties and deepen cooperation in a number of areas.
Source: https://pib.gov.in/PressReleseDetail.aspx?PRID=1935237
2. Acquisition of MQ-9B drones
Topic: GS3 – Defence and security.
Context:
- On June 15, 2023, the Defence Acquisition Council (DAC) approved the Acceptance of Necessity (AoN) for the acquisition of 31 MQ-9B High Altitude Long Endurance (HALE) Remotely Piloted Aircraft Systems (RPAS) for the Tri-Services from the USA via the Foreign Military Sale (FMS) route.
- The MQ-9B systems include 16 Sky Guardian and 15 Sea Guardian variants, along with associated equipment.
More about MQ-9B drones:
- The MQ-9B is a long-endurance, high-altitude, remotely piloted aircraft (RPA) developed by General Atomics Aeronautical Systems (GA-ASI).
- It is a variant of the MQ-9 Reaper, which has been in service with the U.S. Air Force since 2007.
- The MQ-9B is designed for intelligence, surveillance, and reconnaissance (ISR) missions, as well as armed strike missions. It can carry a variety of weapons.
- The MQ-9B has a maximum altitude of 50,000 feet and a range of 1,850 miles. It can stay in the air for up to 40 hours, which makes it ideal for long-endurance missions.
- The MQ-9B is equipped with a variety of sensors. These sensors allow the MQ-9B to gather a wide range of intelligence data, including imagery, radar data, and electronic signals.
- The MQ-9B is also equipped with a laser designation system, which allows it to guide weapons onto targets. This makes the MQ-9B a highly effective weapon system for both ISR and strike missions.
Source: https://pib.gov.in/PressReleseDetail.aspx?PRID=1935160
3. ‘UDYAMI BHARAT – MSME DAY’ to be celebrated at Vigyan Bhawan on 27th JUNE, 2023.
Topic: GS3 – MSME sector.
Context:
- The Ministry of MSME celebrated ‘Udyami Bharat-MSME Day’ on June 27, 2023, at Vigyan Bhawan in New Delhi, on the occasion of International MSME Day.
Significance of MSME to Indian economy:
- Contribution to GDP: MSMEs contribute around 30% to India’s GDP. This is a significant contribution, considering that MSMEs account for only about 40% of the total number of enterprises in the country.
- Contribution to employment: MSMEs also employ a large number of people. According to the National Sample Survey Office (NSSO), MSMEs employ around 111 million people, which is about 40% of the total workforce in the country.
- Contribution to exports: MSMEs also contribute significantly to India’s exports. In 2022-23, MSMEs exported goods worth around $150 billion, which is about 40% of India’s total exports.
In addition to their contribution to GDP, employment, and exports, MSMEs also play a number of other important roles in the Indian economy.
- Provide a wide range of goods and services to consumers and businesses.
- Promote innovation and entrepreneurship.
- Help to develop rural and backward areas.
- Generate tax revenue for the government.
However, there are several challenges that plague the growth of MSME sector in India:
- Access to finance: MSMEs often face difficulty in accessing finance, as banks are reluctant to lend to them due to their perceived higher risk.
- Lack of infrastructure: MSMEs often face challenges in terms of infrastructure, such as poor roads, electricity, and water supply.
- Competition from large businesses: MSMEs often face competition from large businesses, which have more resources and can offer lower prices.
- Regulatory compliance: MSMEs often find it difficult to comply with government regulations, which can be costly and time-consuming.
Initiatives taken by Indian government for improvement of MSME sector:
- Financial assistance:The government provides financial assistance to MSMEs through a number of schemes, such as the Prime Minister’s Employment Generation Programme (PMEGP), the Credit Guarantee Scheme for Micro and Small Enterprises (CGTMSE), and the Micro Units Development and Refinance Agency (MUDRA) Bank.
- Infrastructure support:The government provides infrastructure support to MSMEs through a number of schemes, such as the Pradhan Mantri Kaushal Vikas Yojana (PMKVY) and the Pradhan Mantri Rojgar Sehat Scheme (PMRSS).
- Rising and Accelerating MSME Performance (RAMP) programme:This programme was launched in 2022 with an outlay of Rs 6,000 crore. The goal of the RAMP programme is to help MSMEs improve their performance in terms of productivity, profitability, and competitiveness.
- Empowering Micro and Small Enterprises (EMPOWER) programme: This programme was launched in 2022 with an outlay of Rs 2,500 crore. The goal of the EMPOWER programme is to help MSMEs access finance, technology, and market opportunities.
- National Manufacturing Competitiveness Programme (NMCP): The goal of the NMCP is to help MSMEs become more competitive in the global market.
- Udyog Aadhaar Memorandum (UAM):This is a digital platform that was launched in 2016 to help MSMEs register and file their returns with the government. The UAM platform has simplified the regulatory compliance process for MSMEs.
- e-Shram portal: This is a digital platform that was launched in 2020 to help informal workers register and access government schemes. The e-Shram portal has helped to improve the social security of informal workers, including MSMEs workers.
Source: https://pib.gov.in/PressReleseDetail.aspx?PRID=1934952
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