PUNJAB

Reforms for MSME sector initiated in Punjab

Punjab Government on Thursday said it has initiated a set of reforms to further reduce regulatory burden on MSMEs through rationalisation and digitalisation, aiming to enable entrepreneurs to focus on expanding their operations amid Covid-19 pandemic.

The reforms on building flexibility and reducing oversight in the labour rules, and pursuing a data driven assessment of service delivery delays are all centered around making entrepreneurship easier in Punjab, said Chief Minister Capt Amarinder Singh.

To ensure timely delivery of key licenses and permits, the government has begun a monthly data driven assessment mechanism under the Chief Secretary to make sure not a single license or permit is delayed beyond the stipulated period.

INTERNATIONAL

Virtual Summit between India and Seychelles

The Prime Minister of India and the President of Seychelles held a virtual meeting. Highlights:

The inauguration happened for a new district court building on Mahe Island, a one-megawatt solar power plant costing US$3.5 million and US$3.4 million to build and 10 community development projects in Seychelles. All projects were built with the help of India.

So far, India has accepted 29 people-oriented small development projects in Seychelles, and in addition to installing solar systems in 146 government buildings and homes, it has also built 1MW solar projects.

Human Space Flight is Designated on 12th April

Every year, April 12th is the International Human Space Flight Memorial Day. The anniversary is to commemorate the first anniversary of Yuri Gagarin’s historic space flight in 1961.

The United Nations General Assembly passed a resolution in April 2011, stipulating April 12 as International Human Space Flight Day. The resolution aims to reaffirm the contribution of space to the achievement of sustainable development goals.

NATIONAL

Online Dispute Resolution Handbook – NITI Aayog

NITI Aayog will publish an online dispute resolution manual. This is an invitation to business leaders to adopt online dispute resolution solutions.

The manual emphasizes the need for companies to adopt online dispute resolution mechanisms. According to the manual, online dispute resolution (ODR) is the resolution of disputes outside the court. This is mainly used to solve small and medium-sized cases using digital technology. Online dispute resolution uses alternative dispute resolution (ADR) technologies such as mediation, negotiation and arbitration.

ODR is a process of using digital technology to resolve disputes outside the court. It combines the technology of alternative dispute resolution mechanisms. However, both ODR and ADR are committed to achieving the same goal.

Revamping of Post Matric Scholarship Scheme for SC

The Post Matric scholarship program for scheduled castes has been revised. The funding method of the plan has been changed from the committed liability formula to a fixed sharing ratio between the center and the states of 60:40 (90:10 in the Northeastern State) This significantly increases the cost of the program.

It is a centrally sponsored program and is implemented through the state government and UT administration.

The program provides financial assistance to students of the intended caste who enroll after enrollment or after secondary school so that they can complete their studies.

Students whose parents/guardians’ total income does not exceed Rs. Rs. will receive scholarships. 250,000/- per year.

The scholarship includes living allowance, expense reimbursement, study tour expenses, book allowance, etc.

Chief Justice of India – Ramana

Justice Nuthalapati Venkata Ramana was appointed Chief Justice of India. Chief Justice of India:

The Chief Justice of India (CJI) is the supreme head of the Indian Judiciary System.

The Chief Justice is the head of the Supreme Court, responsible for case allocation and appointment of the constitutional body that handles important legal matters. Article 145 of the Constitution deals with the Chief Justice of India the right to assign related matters to the judges.

RBI Released Consumer Confidence Index

The Reserve Bank of India (RBI) released the “Consumer Confidence Survey” report. The survey was conducted among more than 5,000 respondents in major cities in the country.

The consumer confidence index dropped from 55.5 points in January 2021 to 53.1 points in March 2021. The future expectation will fall from 117.1 in January 2021 to 108.8 in March 2021. When the index measurement is higher than 100, it means optimism, and when it is lower than 100, it means pessimistic.

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