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Indian Economy (UPSC Prelims Special)- Schemes / Government Initiatives
                                                                                                    April 15, 2017


1. Tejaswini Project 
  • “Tejaswini” - Socio-Economic Empowerment of Adolescent Girls and Young Women Project”.
  • Market-driven skills training and secondary education for adolescent girls and young women.
  • The project is being delivered in 17 Districts of Jharkhand.
  • India signs Financing Agreement with World Bank for Tejaswini.
  • It is World Bank’s first project in India solely focused on the welfare of adolescent girls and young women (AGYW) aged between 14 and 24.
 
2. Insolvency and Bankruptcy Code (IBC), 2016
  • Override other existing laws on matters pertaining to Insolvency and Bankruptcy.
  • Resolve insolvencies within 180 days. (Extendable upto 270 days) for the Company.
  • Debt Recovery Tribunal - Adjudicating authority for individuals. National Company Law Tribunal - Adjudicating authority for corporate insolvency.
  • Insolvency and Bankruptcy Board of India to exercise regulatory oversight over insolvency professionals, insolvency professional agencies and information utilities.
  • Insolvency and Bankruptcy Board of India is under the Ministry of Corporate Affairs (MCA).
  • Enabling provisions to deal with cross border insolvency. 
 
3. National Investment and Infrastructure Fund (NIIF)
  • Fund created by the Government of India for enhancing infrastructure financing in the country.
  • Different from the National Investment Fund.
  • It is set up as Category II Alternate Investment Fund (AIF) under the Securities and Exchange Board of India (SEBI) Regulations.
  • NIIF is India’s first sovereign wealth fund.

Objective :

  • Infrastructure development in commercially viable projects, both Greenfield and Brownfield, including stalled projects.
  • To attract investment from both domestic and international sources. 
  • It would serve as an umbrella fund with several funds underneath it.
 4. Hydrocarbon Exploration and Licensing Policy (HELP)  
  • Uniform license for exploration and production of all forms of hydrocarbon.
  • Open acreage policy - Enable exploration and production (E&P) companies choose the blocks from the designated area.
  • Shift to Revenue sharing model, from previous production sharing model.
  • Marketing and pricing freedom for the crude oil and natural gas produced.
  • The decision will enhance domestic oil & gas production, bring substantial investment in the sector and generate sizable employment. 
 
5. Electoral Bonds
  • Introduced by Finance Minister during his Budget 2017 speech in order to bring some transparency to the electoral funding process.
  • Authorised under a scheme under the Income Tax Act.
  • It will open for a limited period of time during the elections, or maybe a little before the elections.
  • These bonds can be donated only to a political party.
  • These are redeemable in only one account of that party, registered with the Election Commission.

6. Border haats (Border Markets)
  • The border haats are markets that aim at promoting the wellbeing of the people dwelling in remote areas across the borders of two countries.
  • Establishing traditional system of marketing the local produce through local markets.
  • The Border Haats allows to people living in border areas to trade in specified products in accordance with the regulations agreed and notified by both Governments.
  • Presently 4 Border Haats are already operational along India-Bangladesh border. They are (i) Kalaichar (Meghalaya). (ii) Balat (Meghalaya). (iii) Kamlasagar (Tripura) (iv) Srinagar (Tripura).
 
7. Sovereign Gold Bond Scheme (SGBs)
  • SGBs are government securities denominated in grams of gold. They are substitutes for holding physical gold.
  • The Sovereign Gold Bonds will be available both in demat and paper form.
  • The tenor of the bond is for a minimum of 8 years with option to exit in 5th, 6th and 7th years.
  • Bonds can be used as collateral for loans.
  • Minimum - 1 gram, Maximum – 500 grams.
  • Tradable through National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
  • Fixed Interest rate of 2.5% per annum payable once in 6 months. ? Capital Gains Tax exempted on redemption.
 
8. BHIM (Bharat Interface for Money)
  • BHIM is Aadhaar-based payments app developed by the National Payment Corporation of India (NPCI).
  •  It can work even on basic phones as it supports USSD payments.
  •  All major UPI connected Indian banks accepts money through BHIM app.
  • The app also allows user to scan a QR code. Payment can be done through scanning QR code.

9. Unified Payments Interface (UPI)
  • The National Payments Corporation of India (NPCI) launched “Unified Payments Interface (UPI)”.
  • The UPI is for mobile based payment method that powers multiple bank accounts into a single mobile application.
  • It facilitates ‘virtual address’ as a single payment identifier for sending and collecting money.
  • The single identifier will eliminate the need to exchange sensitive information such as bank account numbers during a financial transaction.
  • UIP is an advanced version of NPCI’s Immediate Payment Service (IMPS) which is a 24X7 funds transfer service.

 10. Sagarmala Programme
  • The Sagarmala project seeks to develop a string of ports around India’s coast.
  • Promote “Port-led development” along India’s 7500 km long coastline. The Union Ministry of Shipping is the nodal ministry for this initiative. Sustainable development of the population living in the Coastal Economic Zone (CEZ).
  • Improve port connectivity through rail corridors, freight-friendly expressways and inland waterways.
  • Develop skills of fishermen and other coastal and island communities.

Three pillars of development:
  1. Enabling Port-led Development through appropriate policy and institutional interventions.
  2. Modernization and setting up of new ports.
  3. Evacuation to and from hinterland.

Implementation:
  1. To implement this, State governments would set up State Sagarmala committees, headed by the chief minister or the minister in charge of ports.
  2. At the central level, a Sagarmala Development Company (SDC) will be set upto provide equity support to assist various special purpose vehicles (SPVs) set up for various projects.
 
11. Interest Subvention Scheme for farmers for the year 2016-17
  • Interest subvention is a form of waiver of some percentage of interest that promotes some particular industry and general public interest.  This could be to help the marginalized and the weaker sections of society.
  • This will help farmers getting short term crop loan payable within one year up to Rs. 3 lakhs at only 4% per annum.
  • The Central Government will provide interest subvention of 5 per cent per annum.
  • In case farmers do not repay the short term crop loan in time they would be eligible for interest subvention of 2% as against 5% available above. 

12. Mission Indradhanush
  • Mission Indradhanush aimed to revamp the functioning of public sector banks so that PSBs can compete with the Private Sector Banks. The mission is a brainchild of PJ Nayak committee.
  • It is launched by Ministry of Finance under the Department of Financial Services.
  • The mission includes the seven key reforms of appointments, board of bureau, capitalisation, de-stressing, empowerment, framework of accountability and governance reforms.
  • It aims to clean up the balance sheets of PSBs to ensure banks remain solvent and fully comply with global capital adequacy norms, Basel -III. 
 
13. special economic zone (SEZ)
  • SEZ is a geographical region that has economic laws different from a country’s typical economic laws.
  • Usually the goal is to increase foreign investments.
  • Any private/public/joint sector or state government or its agencies can set up an SEZ.
  • A SEZ is a designated duty free enclave to be treated as foreign territory for the purpose of trade operations and duties and tariffs. Before recommending any proposals to the ministry of commerce and industry (department of commerce), the states must satisfy themselves that they are in a position to supply basic inputs like water, electricity, etc.
  • Companies may be offered tax holidays, where upon establishing in a zone they are granted a period of lower taxation.

The main objectives of the SEZ Act are:
  1. Generation of additional economic activity.
  2. Promotion of exports of goods and services.
  3. Promotion of investment from domestic and foreign sources. 
  4. Creation of employment opportunities.
  5. Development of infrastructure facilities.
 
14. Diamond Quadrilateral
  • The Diamond Quadrilateral is a project of the Indian railways to establish high speed rail network in India.
  • This quadrilateral will connect the four metro cities in India, i.e. Delhi, Mumbai,  Kolkata and Chennai.
  • Six corridors identified are:  (i) Delhi-Mumbai, (ii) Mumbai-Chennai, (iii) Chennai-Kolkata, (iv) KolkataDelhi and both diagonals i.e. (v) Delhi-Chennai and (vi) Mumbai-Kolkata routes.
  • This project is similar to Golden Quadrilateral which is a roadway project which connects the four metros by Express Ways.
  • The Golden Quadrilateral falls under National Highways Development Project.
 
15. Transparency in Power Sector
  • In a bid to enhance transparency in power transmission sector of the country, the government has launched the ‘TARANG’ Mobile App, ‘e-Trans’ & ‘DEEP’ e-bidding web portals.
 
16. DigiLocker
  • It is dedicated personal storage space, linked to each resident’s Aadhaar number.
  • DigiLocker can be used to securely store e-documents as well as store Uniform Resource Identifier (URI) link of e-documents issued by various issuer departments.
  • The e-Sign facility provided as part of DigiLocker system can be used to digitally sign e-documents.
  • DigiLocker is one of the key initiatives under the Digital India Programme. 
  • The initiative was launched by the Department of Electronics and Information Technology, under the Ministry of Communications and IT.
  • Users can store their documents such as insurance, medical reports, PAN card, passport, marriage certificate, school certificate and other documents in the digital format.
  • The storage space (maximum 10 MB at the time of launching & now upgraded to 1GB)
 
17. Standards & Labelling Programme
The Bureau of Energy Efficiency initiated the Standards & Labelling programme for equipment and appliances in 2006 to provide the consumer an informed choice about the energy saving and thereby the cost saving potential of the relevant marketed product.
The equipment/appliances are given a star rating of one to five; five stars being the most energy efficient. ? The scheme is invoked for 21 equipment/appliances including 7 for which it is mandatory. ? Some of the equipment/appliances covered under this programme include frost free (no frost) refrigerators, tubular fluorescent lamps (TFLs), room air-conditioners, direct cool refrigerators, distribution transformers, induction motors, pump sets, ceiling fans, liquefied petroleum gas (LPG) stoves, electric geysers, ballasts, computers, office equipment, and colour televisions.
 
18.  DBT in kerosene
  • Jharkhand has become the first state in the country to implement Direct Benefit Transfer (DBT) in Kerosene.
  • Under the DBTK Scheme, PDS kerosene is being sold at non-subsidised price, and, subsidy, as admissible, is being transferred to consumers directly into their bank accounts.
  • This initiative was launched by Union Petroleum and Natural Gas Ministry on the lines of a similar DBT programme for LPG subsidy.
  • It aims at rationalising subsidy based on the approach to cut subsidy leakages but not the subsidy.
 
19. National Mineral Exploration Policy (NMEP)
  • The NMEP primarily aims at accelerating the exploration activity in the country through enhanced participation of the private sector.
  • The policy seeks to uncover full mineral potential in order to put the nation’s mineral resources (non-fuel and non-coal) to best use and maximize sectoral contribution to the Indian economy.
  • The Union Ministry of Mines will carry out auctioning of identified exploration blocks for exploration by private sector.
  • It will be done on the revenue sharing basis in case their exploration leads to auctionable resources. The revenue will be borne by the successful bidder of those auctionable blocks.
  • A National Geoscientific Data Repository (NGDR) will be set up to collate all baseline and mineral exploration information generated by various central and state government agencies and maintain these on a geospatial database.
  • Government proposes to establish a not-for-profit autonomous institution known as the National Centre for Mineral Targeting (NCMT) in collaboration with scientific and research bodies, universities and industry for scientific and technological research to address the mineral exploration challenges in the country.
  • To encourage mineral exploration in the country, the mines ministry has already notified the National Mineral Exploration Trust. 
  • On the lines of UNCOVER project of Australia, the government intends to launch a special initiative to probe deep-seated/ concealed minerals deposits in the country.
 
20.  Benami Transactions (Prohibition) Amendment Act, 2016
Benami Transactions:
  • The Benami transactions are those transactions in which the real beneficiary is not the person in whose name the transaction {particularly purchase of property} has been done.
  • A property that is held in the name of spouse or child for which the amount is paid out of known sources of income is not Benami.
  • Joint property of brothers, sisters or other relatives for which amount is paid out of known resources of income is also not Benami.
  • Property held by someone in a fiduciary capacity; that is, transaction involving a trustee and a beneficiary is also not Benami.
  • Benami property may include assets of any kind including movable, immovable, tangible, intangible, any right or assets or legal documents. It also includes Gold and financial security.
  • The 2016 Act seeks to amend and strengthen Benami Transaction (Prohibition) Act, 1988.
  • As per the Act, properties held benami are liable for confiscation by the government, without payment of compensation.
  • According to the government, the four authorities who will conduct inquiries or investigations are the Initiating Officer, Approving Authority, Administrator and Adjudicating Authority.
 
21. Permanent Residency Status (PRS) to foreign investors
  • This status will be subject to the relevant conditions in the FDI Policy notified by the Central Government from time to time.
  • The PRS will be granted for a period of 10 years with multiple entry, which can be renewed for another 10 years.
  • In order to avail this scheme, the foreign investor will have to invest a minimum of 10 crores rupees within 18 months or 25 crores rupees within 36 months.
  • Further, the foreign investment should result in generating employment to at least 20 resident Indians every financial year.
  • For dwelling purpose, PRS holders will be allowed to purchase one residential property. Their spouse and dependents will be also allowed to undertake studies in India and take up employment in private sector.
 
22. National Mission on Bio Economy
  • The National Mission on Bioeconomy was launched in Shillong, Meghalaya by the Institute of Bio-resources and Sustainable Development (IBSD).
  • The purpose of the mission is to boost rural economy by utilizing bio-resources.
  • It also focuses on sustainable utilization of renewable biological resources for food, bio-energy and bio-based products through knowledge-based approaches.
  • Bioeconomy is a new concept and few countries like US, Canada, European Union (EU) and Australia have started initiatives in this field. The Institute of Bio-resources and Sustainable Development (IBSD) functions under the Department of Biotechnology, Union Ministry of Science and Technology.
Public Debt Management Cell (PDMC)
  1. The Union Finance Ministry has set up a Public Debt Management Cell (PDMC) with the objective of deepening bond markets in the country.  Key Facts: o PDMC is an interim arrangement and will be upgraded to a statutory Public Debt Management Agency (PDMA). 
  2. It will allow separation of debt management functions from RBI to PDMA in a gradual and seamless manner.
  3. PDMC will have only advisory functions in order to avoid any conflict with the statutory functions of RBI.
Functions of PDMC:
  • Plan government borrowings, including market borrowings and other borrowings, like Sovereign Gold Bond (SGB) issuance.
  • Manage government’s liabilities, improve cash forecasting, monitor cash balances, foster a liquid and efficient market for government securities.
  • Advice government on matters related to capital market operations, investment, administration of interest rates on small savings etc.
  • Develop an Integrated Debt Database System (IDMS) as a centralised data base for all liabilities of government.
 
24. Lucky Grahak Yojana and Digi Dhan Vyapar Yojana 
  • The Union Government has launched Lucky Grahak Yojana to encourage consumers and Digi Dhan Vyapar Yojana to encourage merchants for transition to digital payments.
  • These award based schemes were launched by the NITI (National Institution for Transforming India) Aayog.
  • National Payment Corporation of India (NPCI) will be the implementing agency for these schemes.
  • Transactions using USSD, UPI, RuPay and Aadhaar Enabled Payment System (AEPS) will only be covered under these schemes. Digital payments made through credit cards and e-wallets won’t be covered.

25. North East Industrial and Investment Promotion Policy (NEIIP)
  • The Department of Industrial Policy & Promotion (DIPP) has revised North East Industrial and Investment Promotion Policy (NEIIP), 2007. The revision of policy stipulates mandatory disbursal of subsidies payable to all industrial units in northeast through Direct Benefit Transfer (DBT) mechanism by Chief Controller of Accounts (Industry).
 
26. India INX
  • Prime Minister Narendra Modi inaugurated India’s first international exchange India INX at the International Financial Service Centre (IFSC) of GIFT (Gujarat International Financial Tech) City Gandhinagar, Gujarat.
  • India INX is a wholly-owned subsidiary of the Bombay Stock Exchange (BSE). It will enable Indian firms to compete on equal footing with offshore firms.
  • It will facilitate international investors and NRIs to trade from anywhere in the world.
  • It will provide benefits in terms of waiver of security transaction tax, commodity transaction tax, dividend distribution tax, long term capital gain tax and income tax.
 
27. Modified Special Incentive Package Scheme (M-SIPS)

  1. The Union Cabinet in 2012 approved the M-SIPS to provide a special incentive package to promote large scale manufacturing in the Electronics System Design and Manufacturing (ESDM) sector to boost domestic electronic product manufacturing in the country.
  2. The scheme provides subsidy for capital expenditure. The subsidy is 20% for investments in Special Economic Zones (SEZs) and 25% in non-SEZs.
  3. ESDM products including telecom, IT hardware, consumer electronics, medical electronics, automotive electronics, solar photovoltaic, LEDs, LCDs, strategic electronics, avionics, industrial electronics, nano-electronics, semiconductor chips and chip components, other electronic components and EMS.
  4.  The incentives are provided on reimbursement basis (means first investment has to be made by the unit to claim the subsidy).
  5. Amendments in the Modified Special Incentive Package Scheme (M-SIPS) for electronics manufacturing.
  6. These modifications will further incentivize investments in electronic sector and move towards Union Government’s goal of ‘Net Zero imports’ in electronics by 2020.  Besides expediting investments into the Electronics System Design and Manufacturing (ESDM) sector in India, the amendments in M-SIPS are expected to create employment opportunities and reduce dependence on imports.
  7. The Policy covers all States and Districts and provides them an opportunity to attract investments in electronics manufacturing.
 
28. Electronics Development Fund (EDF)
  • The Union Government is targeting an investment of about Rs. 2,200 crore in startups working on new technologies in the electronic sector under the Electronics Development Fund (EDF) by 2019.
  • This investment aims at creating an eco-system to make India a global hub for electronics manufacturing.
  • EDF is the mother fund or fund of funds that will contribute to various funds for those who invest the money in companies for creation of intellectual property rights (IPR) in the field of electronics and IT.
 
29. Demonetisation in India
  • It is an act of stripping a currency unit of its status as legal tender.
  • The Union Government had announced that Rs. 500, Rs. 1,000 notes will cease to be legal tender.
  • The first demonetization in the independent India was done in the year 1946 and another one in the year 1978.
  • The legal basis for the order demonetizing currency can be found in Section 26 of the Reserve Bank of India Act, 1934. 
  • Under sub-section (2) of this Section, the Union Government is given the power to declare that any notes issue by the Reserve Bank will no longer be legal tender.
Implications:
  1. Money supply was reduced in the short run until the new notes got widely circulated in the market.
  2. Real Estate and Property: The level of prices in this sector is expected to fall significantly as major part of the transaction is cash based.
  3. This move will increase the amount of money deposited in Savings and Current Account of commercial banks.
  4. Surge in the online transactions and other modes of payment.
 
30. Amended Technology Upgradation Fund Scheme (ATUFS)
The Cabinet Committee on Economic Affairs (CCEA) has approved introduction of Amended Technology Upgradation Fund Scheme (ATUFS) for technology upgradation of the textiles industry.
The ATUFS replaces existing Revised Restructured Technology Upgradation Fund Scheme (RR-TUFS) to give a boost to textile sector under Make in India campaign.

ATUFS targets: 
  1. Employment generation (including women) and global export by encouraging garment and apparel industry. 
  2. Promote Technical Textiles which is a sunrise sector for export and employment creation.
  3. Improvement in quality and productivity by promoting conversion of existing looms to better technology looms. 
  4. Encourage better quality in textile processing industry and keep check on import of fabrics by the garment sector.
 
31.  Trade Infrastructure for Export Scheme (TIES)
  • The Union Ministry of Commerce & Industry has launched Trade Infrastructure for Export Scheme for developing export linked infrastructure in states with a view to promoting outbound shipments.
  • TIES seek to bridge the critical infrastructure gap and provide forward and backward linkages to units engaged in trade activities.
  • It would focus on projects like customs checkpoints, last mile connectivity, border haats and integrated check posts.
  • An inter-ministerial empowered committee will sanction and monitor the projects. It will be headed by the commerce secretary.
  •  All central and state agencies including Commodities Boards, Export Promotion Councils, SEZ authorities and Apex Trade Bodies recognised under EXIM policy of Central Government are eligible for financial support.
 
32. Mission Fingerling
  • The Union Ministry of Agriculture has launched Mission Fingerling, a programme to enable holistic development and management of fisheries sector in India.
  • The mission aims to achieve the target to enhance fisheries production from 10.79 mmt (2014-15) to 15 mmt by 2020-21 under the Blue Revolution. Government has identified 20 States based on their potential and other relevant factors to strengthen the Fish Fingerling production and Fish Seed infrastructure in the country.
 
33. India’s largest Floating Solar PV Plant
  • State-run NTPC (National Thermal Power Corporation Limited) has installed India’s largest floating solar photovoltaic (PV) plant at Rajiv Gandhi Combined Cycle Power Plant (RGCCPP) at Kayamkulam in Kerala.
  • The 100 kWp (kilowatt peak) floating solar PV plant has been indigenously developed as a part of Union Government flagship ‘Make In India’ initiative.
  • Floating solar PV systems are fast emerging as an alternative to conventional ground mounted PV systems which are land intensive. It can also be installed on saline water environment.
  • It has various benefits like conserving water through reduction of evaporation, increased power generation due to cooling effect on the panels, reduced installation time etc.
  • Installation potential of such type of floating systems in India is huge because of abundance of water bodies.
 
34. Bharat QR code
  • The Union Government has launched Bharat QR code, a quick response (QR) code to enable digital payments without card swiping machines.
  • It is world’s first interoperable payment acceptance solution launched by Indian Government to move towards less-cash economy.
  • Bharat QR code has been developed by jointly by National Payments Corporation of India (NPCI), Visa, MasterCard and American Express under instructions from Reserve Bank of India (RBI).
  • It works as common interface for the MasterCard/Visa/RuPay platforms and also facilitate acceptance of Aadhaar-enabled payments and Unified Payments Interface (UPI).
QR code:
  1. QR code (Quick Response code) is a two-dimensional (matrix) machinereadable bar code made up of black and white square. This code can be read by the camera of a smartphone.
  2. It is used for storing URLs or other information that link directly to text, emails websites phone numbers. It is capable of 360 degrees (omnidirectional), high speed reading.
  3. QR Code can store up to 7089 digits as compared to conventional bar codes which can store max 20 digits. It encodes same amount of data in one-tenth the space of a traditional bar code.
  4. It carries information both horizontally and vertically. It has error correction capability and data stored in it can be restored even if it is partially damaged or dirty.
 
35. Revenue Insurance Scheme for Plantation Crops (RISPC)
  • The Union Ministry of Commerce and Industry has launched pilot Revenue Insurance Scheme for Plantation Crops (RISPC).
  • RISPC is the improved form of the Price Stabilization Fund (PSF) Scheme, 2003 which was closed in 2013.
  • It was launched for protecting growers of plantation crops from twin risks of yield loss due to pest attacks, adverse weather parameters etc. and income loss caused by fall in domestic and international prices.
  • It shall be covering tea, coffee, rubber, cardamom and tobacco plantations and shall be implemented by the commodity boards.
  • It will be implemented on a pilot basis for two years i.e. till 2018 in eight districts in West Bengal, Kerala, Andhra Pradesh, Assam, Karnataka, Sikkim and Tamil Nadu.
 
36. Operation Clean Money (Swachh Dhan Abhiyan)
  • The Income Tax Department (ITD) launched Operation Clean Money (Swachh Dhan Abhiyan), an e-platform to analyse large cash deposits made during the demonetisation window (9 November to 30 December 2016).
  • Under it, e-verification of large cash has been done using data analytics for comparing the demonetisation data with information in ITD databases.
 
37. Rashtriya Rail Sanraksha Kosh 
  • The Union Railway Ministry has decided to create a 1 lakh crore rupees safety fund named Rashtriya Rail Sanraksha Kosh to strengthen safety measures on the rail network to prevent accidents.
  • The Rashtriya Rail Sanraksha Kosh will be a non-lapsable fund which will be utilised for safety measures. The fund will help Indian Railways to accomplish its zero-accident mission by strengthening the safety measures on the rail network in a comprehensive way.
  • A high-level safety review committee headed by Dr. Anil Kakodkar in its report submitted in 2012, had projected an investment requirement of Rs. 1 lakh crore on safety over five years.
 
38. Mission 41K
  • Union Railway Ministry has unveiled ‘Mission 41K’ to save Rs. 41,000 crore on the Indian Railways’ expenditure on energy consumption over the next 10 years.
  • This target of ‘Mission 41K will be achieved by taking a slew of measures which include moving 90% of traffic to electric traction over diesel from present 50% of the total rail traffic.
  • The railways will also procure more and more electricity at cheaper rates through open market instead of sourcing it through DISCOMs. 
  • The Electrification Mission will help Indian Railways to reduce dependence on imported fuel, change energy mix, and rationalize the cost of energy for Railways.
 
39. Coal Mitra
  • The Union Ministry of Coal has launched Coal Mitra, a web portal for allowing flexibility in utilization of domestic Coal.
  • The Coal Mitra Web Portal aims at optimum utilisation by private as well as public power companies of the coal.
  • It facilitates transfer of the coal reserves to more cost efficient State/Centre owned or Private sector generating stations.
  • The portal allows coal swapping between PSUs and the Private Sector in transparent manner and also helps to reduce operational and logistic costs, bringing power tariffs down for the consumers.
 
40. DigiShala
  • The Union Ministry of Electronics and Information Technology (MeitY) has launched a TV channel named ‘DigiShala’ to promote cashless transactions.
  • The channel was launched as part of the ‘Digidhan’ campaign which aims to spread awareness about digital transactions.
  • DigiShala is dedicated 24*7 and 365 days free-to-air TV channel to inform citizens about digital payment ecosystem, benefits and processes.
  • It is a satellite channel managed by Doordarshan (DD). It will be broadcasted nationally on DD Free Dish DTH service.
  • The services on the channel initially will be available in Hindi and English and later in local languages as well.
  • It is not mandatory for the service provider and direct-to-home (DTH) airing it and customers may opt for it.