PUNJAB

Punajb announces Rs 1500/month for children who lost breadwinner of family due to Covid

Acting as parens patriae of COVID-19 victims, Punjab Government is all set to extend a helping hand by providing Rs 1,500 per month as social security pension, along with free education up to graduation, for all those children orphaned in the COVID pandemic, as well as the families that have lost their breadwinning member.

Beginning July 1, this year, the Government will ensure free education in government institutions, for such children as well as children belonging to families that have lost their breadwinner to COVID.

The Chief Minister, announcing the decision, termed it the state’s duty to become the foster parents of the children who have lost both their parents in the unprecedented pandemic.

Affected persons would also be eligible for grant of Rs 51,000 under Ashirwaad Scheme with effect from July 1, and would be entitled to free ration under the State Smart Ration Card Scheme and coverage under the Sarbat Sehat Bima Yojana.

INTERNATIONAL

SpaceX Falcon 9 Rocket Launched 60 Starlink Satellites

Sixty Starlink Internet Satellites were recently launched by SpaceX. The Falcon 9 rocket was used to launch the satellites. It was launched from the Space Force Station in Cape Canaveral, Florida.

The SpaceX corporation has already completed twelve launches in 2021. Its own Starlink satellites have been launched in the bulk of those missions.

SpaceX has been granted permission to launch up to 30,000 satellites.

SpaceX plans to create a constellation of 12,000 satellites as part of the Starlink project.

The project’s main goal is to provide space-based internet services at a reasonable cost.

There are currently over four billion people on the world who do not have access to the internet. This is mostly due to inept internet delivery methods.

The majority of countries use fibre optic cables or cellular networks to deliver internet. These techniques are extremely difficult to implement in areas with difficult terrain where towers or cables are not feasible.

Satellite signals, on the other hand, can quickly clear these obstacles.

NATO Military Exercises launched

The North Atlantic Treaty Organization recently launched a joint military exercise in Albania, called ” DEFENDER-Europe 21″. Thousands of military personnel from the United States participated in the exercise.

The DEFENDER-Europe Exercise is an annual US-led transnational exercise. It is defensive in nature. It focuses on containing aggression.

NATIONAL

Converting Nitrogen Plants to Oxygen Plants

In light of the need for medical oxygen in the wake of the COVID-19 pandemic, the Indian government investigated the feasibility of converting existing nitrogen plants to produce oxygen.

Potential industries for converting existing nitrogen plants to produce oxygen have been established.

Carbon Molecular Sieve (CMS) is used in nitrogen plants, while Zeolite Molecular Sieve (ZMS) is used for oxygen production.

Therefore, replace CMS with ZMS and make some other changes, such as oxygen analyzer, control panel system, flow valve, etc. The existing nitrogen-making equipment can be modified to produce oxygen.

A nitrogen plant that has been updated to provide oxygen may be relocated to a nearby hospital.

Review on Pradhan Mantri Mudra Yojana

It was established by the government in 2015 to provide non-corporate, non-farm small/micro-enterprises with loans of up to Rs. 10 lakh.

MUDRA stands for Micro Units Development & Refinance Agency Ltd., and it is a government-run financial institution.

MUDRA offers financing to non-corporate small businesses through a network of last-mile financial institutions, including Banks, Non-Banking Financial Companies (NBFCs) and Micro Finance Institutions (MFIs).

MUDRA does not make direct loans to micro-entrepreneurs or individuals.

According to the stage of growth and funding needs of the beneficiary micro unit, MUDRA has developed three products: ‘Shishu,’ ‘Kishore,’ and ‘Tarun.’

Shishu: Covering loans up to Rs. 50,000.

Kishore: Covering loans above Rs. 50,000 and up to Rs. 5 lakh.

Tarun: Covering loans above Rs. 5 lakh and up to Rs. 10 lakh.

Production Linked Incentive scheme (PLI) for IT Hardware

Recently, the Production Linked Incentive Scheme (PLI) for IT Hardware was announced.

The PLI Scheme provides participating companies with a four-year incentive ranging from 4% to 2% / 1% on net incremental sales (over the base year of FY 2019-20) of products in target segments that are produced in India (FY 2021-22 to FY 2024-25).

The proposed Scheme’s target IT hardware segments are laptops, tablets, all-in-one personal computers (PCs), and servers.

The scheme implements production-related incentives in order to boost domestic manufacturing and encourage significant investments in the IT Hardware supply chain.

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