15 May 2023 : PIB
Press Information Bureau
15-May-2023
Daily Current Affairs For UPSC ,The PIB ( Press Information Bureau )
1.The Centre for Processing Accelerated Corporate Exit (C-PACE) established has been established by MCA.
GS 3: Economy
Context:
The Ministry of Corporate Affairs (MCA) has established the C-PACE (or the Centre for Processing Accelerated Corporate Exit), thereby centralising the strike-off process of companies.
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The Registrar of Companies in MCA maintains the list/register of all companies registered in India.
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Why is C-PACE necessary? After the exit of a company from Business, the company is delisted from this Register. But this process is very slow. C-PACE will handle this process swiftly.
ABOUT C-PACE
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C-PACE was established through an MCA Notification in March 2023.
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It is situated at the Indian Institute of Corporate Affairs (IICA), IMT Manesar, Gurgaon (Haryana).
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Further, in April 2023, MCA amended the Companies (Removal of Names of Companies from the Register of Companies) Rules, 2023 easing the exiting process. It came into effect on 1st May 2023.
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The C-PACE is operating through the Registrar of Companies (RoC) for the purposes of exercising functional jurisdiction of processing and disposal of applications.
Advantages of C-PACE
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Keeping the Register of Companies clean: This will help to reduce the stress on the MCA Registry of Companies along with keeping the registry clean.
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Meaningful data: The availability of more meaningful data to the stakeholders.
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Ease of complete exit: The C-PACE will also benefit the stakeholders by providing a hassle-free filing, timely and process-bound striking off their company’s names from the Register.
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And therefore, it will improve the ease of doing Business in India.
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The setting up of the C-PACE is part of the several measures taken by MCA in the recent past towards Ease of Doing Business and ease of exit for the Companies.
Source: https://pib.gov.in/PressReleasePage.aspx?PRID=1923879
2. G7 Health Ministerial Meeting
GS 2: Social Justice – Health
Context:
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The G7 Ministerial Meeting on Health Innovation was held in Nagasaki, Japan.
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The meeting was held to discuss the priorities, implementation and utilisation of health innovations like digital health towards ensuring Universal Health Coverage.
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Health Ministers of the G7 countries and invited “Outreach 4” countries of India, Indonesia, Vietnam and Thailand participated in the meeting.
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The Union Minister of Health and Family Welfare, Dr Mansukh Mandaviya, addressed the meeting.
Source: https://pib.gov.in/PressReleasePage.aspx?PRID=1924013
3. MNRE to organise ‘Low-Cost Finance for New and Emerging Energy Technologies’ event on the sidelines of the G20 3rd Energy Transition Working Group
GS 3: Environment, Energy
Context
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The Ministry of New and Renewable Energy (MNRE) has conducted an event, ‘Low-Cost Finance for New and Emerging Energy Technologies’, on 15th May 2023, on the side-lines of the 3rd Energy Transition Working Group (ETWG) meeting.
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The 3rd Energy Transition Working Group (ETWG) meeting was held at Jio World Convention Centre, Mumbai, in partnership with the Indian Renewable Energy Development Agency (IREDA) and International Renewable Energy Agency (IRENA) as a knowledge partner.
About IREDA
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IREDA stands for Indian Renewable Energy Development Agency Limited, which is a Mini Ratna (Category – I) Enterprise under the administrative control of the Ministry of New and Renewable Energy (MNRE).
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It was established as a Non-Banking Financial Institution(NBFC) in 1987. It engages in the promotion, development and extension of financial assistance for setting up projects that are related to new and renewable energy and energy efficiency/conservation.
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IREDA’s mission is to “Be a pioneering, participant friendly and competitive institution for financing and promoting self-sustaining investment in energy generation from Renewable Sources, Energy Efficiency and Environmental Technologies for sustainable development.”
About IRENA
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IRENA stands for International Renewable Energy Agency, which is the leading intergovernmental agency for the global energy transformation towards sustainable energy.
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It supports countries in their transition to a sustainable energy future and serves as the principal platform for international cooperation, a centre of excellence, and a repository of policy, technology, resource and financial knowledge on renewable energy.
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No. of Members: It has 168 Members (including the EU) and 16 additional countries.
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IRENA promotes the widespread adoption and sustainable use of all forms of renewable energy. It aims to achieve energy access, energy security and low-carbon economic growth and prosperity for all.
Source: https://pib.gov.in/PressReleasePage.aspx?PRID=1924036
4. 4th edition INDIA-INDONESIA BILATERAL EXERCISE SAMUDRA SHAKTI – 23
GS 2: International Relations, GS 3: Security
Context
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Indonesia is hosting India-Indonesia bilateral Exercise Samudra Shakti-23.
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Samudra Shakti-23 is the 4th edition of the India-Indonesia Bilateral exercise.
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It is being held from 14-19 May 23.
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It will have two phases – the harbour phase and the Sea Phase.
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The Harbour phase will comprise Cross deck visits, professional Interactions, Subject Matter Expert Exchanges, and sports fixtures.
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The Sea Phase will comprise weapon firing, Helicopter Operations, Anti-submarine warfare & air defence exercises and boarding operation.
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INS Kavaratti, an indigenously designed & built Corvette, participated in the exercise. An Indian Navy Dornier Maritime Patrol aircraft and Chetak helicopter also participated.
Aim of Samudra Shakti-23
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Exercise Samudra Shakti-23 aims to enhance interoperability, jointness and mutual cooperation between both navies.
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It will also showcase the shared commitment towards peace and stability in the region.
Source: https://pib.gov.in/PressReleasePage.aspx?PRID=1924058
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