PUNJAB

Capt launches ‘business portal’ to boost investment sentiment in Pb

Giving a further impetus to ease of doing business in Punjab, the Chief Minister Capt Amarinder Singh launched the Government’s Business First Portal’ — paving way for further boosting industrial development.

Pointing out that the portal, as a single-window clearance resource, would provide an independent interface to investors for their industrial grievance redressal, feedback and suggestions, Capt Amarinder said that the state-of-the-art online facility would help bring fiscal incentives to investors in a time-bound manner under the Industrial and Development Policy-2017.

Capt Amarinder pointed out that various initiatives taken by his government had already boosted investment sentiment amongst the investors and entrepreneurs, as was evident from the fact that investment of over Rs 10,000 crores had been secured in the past 19 months, since his government took over in March 2017.

The portal would also be instrumental in creating job opportunities through the establishment of new industrial ventures across the state, thus propelling the government’s ambitious ‘Ghar Ghar Rozgar’ scheme.

Under the portal, approvals for applications having more than Rs one crore fixed capital investment (FCI) would be given by Punjab Bureau of Investment Promotion (Invest Punjab) and for those up to Rs crore FCI, they would be given at the district level.

The portal would provide 34 pre-establishment and pre-operation regulatory clearances of 11 departments and 35 fiscal incentives. The Incentive Common Application Form (iCAF) would be required to be filled only once for availing multiple incentives.

INTERNATIONAL

Japan joins International Solar Alliance

In a boost to Prime Minister Narendra Modi-initiated International Solar Alliance (ISA), Japan announced joining the group submitting the instrument of ratification.

Japan will be the 71st country to sign and 48th country to ratify the ISA Framework.

The decision was announced at the end of bilateral Summit between Prime Minister Modi and his Japanese counterpart Shinzo Abe.

· India ranked 65 in Global Passport Index, Singapore tops the chart

The ranking improved nine notches since the previous year and means that the Indian passport holders has been granted visa-free access to 65 countries.
The other countries are India, Kyrgyzstan and Zimbabweshare the 65th rank.
Singapore and Germany have the world’s “most powerful” passport with access to 165 countries.

NATIONAL

India Improves Rank by 23 Positions in Ease of Doing Business

The World Bank released its latest Doing Business Report (DBR, 2019) in New Delhi. India has recorded a jump of 23 positions against its rank of 100 in 2017 to be placed now at 77^thrank among 190 countries assessed by the World Bank.

India’s leap of23 ranks in the Ease of Doing Business ranking is significant considering that last year India had improved its rank by 30 places, a rare feat for any large and diverse country of the size of India.

As a result of continued efforts by the Government, India has improved its rank by 53 positions in last two years and 65 positions in last four years.

The Doing Business assessment provides objective measures of business regulations and their enforcement across 190 economies on ten parameters affecting a business through its life cycle.

The DBR ranks countries on the basis of Distance to Frontier (DTF), a score that shows the gap of an economy to the global best practice.

This year, India’s DTF score improved to 67.23 from 60.76 in the previous year.

For the third year in a row, New Zealand retained its position at the top of the Doing Business rankings.

· IIT-Madras researchers designed India’s 1st microprocessor ‘Shakti’

The ‘Shakti‘ family of processors was fabricated at ISRO’s Chandigarh semi-conductor laboratory, making it the first ‘RISC V Microprocessor’ to be completely designed and made in India.

Its design originates from open source instruction set architecture (ISA), a set of basic instructions called RISC V, which makes it customisable to any device.

Shakti microprocessor can be used in mobile computing devices, embedded low power wireless systems and networking systems.

‘Shakti’ will reduce dependency on imported microchips and the risk of cyber attacks.

· Delhi observes ‘Clean Air Week’ from November 1-5 to fight against the worsening air quality

Centre in collaboration with the Delhi, UP and Haryanagovernments organise ‘Clean Air Week‘ between November 1-5in Delhi and four other National Capital Region (NCR) cities – Faridabad, Gurgaon, Ghaziabad and Noida.

On October 23, 2018, the Supreme Court had allowed the sale of “green“

On Diwali, citizens would be allowed to burst crackers only between 8 pm to 10 pm.

· Centre to launch womens emergency helpline facility

National women’s emergency helpline facilityis to be launched in India. Women in distress can call helpline 181. Women can get assistance for any situations such as police, medical, legal, psycho-social or rescue shelter emergency.
In Tamil Nadu, the 1091 helplineis functioning in providing assistance for women. It provides police assistance to women in distress. However, for 24×7 service, 181 helplines, under the Department of Social Welfare and Nutritious Meal Programme, will provide all types of assistance and information to women. The helpline will function from the Amma Call Centre premises in Ambattur.

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