07, June 2017

  1. ‘Skill for Life, Save a Life’ initiative to promote skill development in the health sector

Source: PIB

Union Minister for Health and Family Welfare launched the ‘Skill for Life, Save a Life’ initiative

Skill for Life, Save a Life:

  • ‘Skills for Life, Save a Life’ Initiative’ aims to upscale the quantity and quality of trained professionals in the healthcare system.
  • Under this initiative various courses are planned to be initiated targeting specific competencies for healthcare professionals as well as for general public.
  • India enjoys a demographic dividend as more than 65% youth are below the age of 35 years and the Government is determined to seize this opportunity by providing adequate skills and employability to the youth for a strong foundation for continued and sustainable growth.

Objectives:

  • It aims Skilling the youth enhances the employability and skilled India will help the nation reap rich dividends. “This shall reduce the gap between expectations of employment of the youth and the actual job they get”.
  • The Health Minister further pointed out that skill enhances economy of the country, too by reducing the gap between demand and supply of trained and skilled manpower in every field.
  • The potential for skilled healthcare workers and professionals is immense in the country. Such courses ensure that the health sector gets the adequate skilled health workers.

Ministry is initiating its’ ‘Skill a Life, Save a Life’ program by launching First Responder course for professionals as well as general public, to be conducted in Central and State government training institutes from the next month across the country in each district, to empower every single citizen of the country to be the first person to provide first aid and initial care in case of an emergency.

  1. 2nd Mission Innovation Ministerial and 8th Clean Energy Ministerial.

Source: PIB

India is committed to transform the energy landscape of the country with significant clean energy share

  • Grid integration, stability and robustness are the foremost issues which need to be addressed for increasing the share of clean energy.
  • The Minister congratulated all the Mission Innovation participant countries, who have come forward and decided to work together to take on this challenge collectively, engaging and involving, stake holders from industries, utilities, scientific institutions and research laboratories.

MISSION INNOVASION:

  • India was also one of the three countries, which took initiative in sowing the seed of ‘Mission Innovation’.
  • These initial efforts culminated into 20 countries joining in November 2015 to launch Mission Innovation.
  • All the MI countries bring significant research prowess and resources in this global endeavour. Community of Mission Innovation has now enlarged to 23 countries and includes European Union.

Objectives:

  • The laudable objectives of Mission Innovation needed instruments to realise the loftier goals.
  • The Minister complimented sub-group on Action and Joint Research, who developed innovation challenges to convert these global calls into action.
  • Innovation challenges cover entire spectrum of research, development and demonstration right from early stage research need assessment to technology demonstration.
  • The spectrum of innovation challenges demonstrates the leading themes on which R&D need to be focussed for affordable innovation.

Challenges made by countries:

  • Innovation challenge on smart grids has developed its work programme smartly right from the early stage.
  • This is the first MI team to organise the deep dive workshop.
  • Development of the work plan as well as organisation of this workshop was done jointly by 3 leading research institutions and co-leads from each of the lead countries namely China, Italy and India.
  • All the 20 participating countries have made significant contributions in terms of development of the status reports and identification of research and development priorities.
  • International agencies such as IEA, IRENA, ISGAN, WEF have further strengthened the programme .

India’s Plan:

  • India’s plan of setting up 175 GW renewable power capacity by the end of 2022 is fully matched with tremendous progress on the ground.
  • During the last year alone, the capacity addition of solar energy was more than the cumulative capacities set up till 2015 and our renewable energy capacity has leapfrogged to more than 52 GW.
  • By 2030, non fossil energy sources will make up 40 percent of installed capacity.

Conclusion:

The collective endeavours would enable to realise the vision of an affordable, reliable future smart grids powered by decentralised energy sources which will be robust and suitable in diverse geographic conditions and would be able to develop technological solutions to make world a cleaner place.

  1. National Trust under M/O Social Justice & Empowerment launches ‘Inclusive India Initiative’

Source: PIB

“Inclusive India Initiative: Towards an Inclusive India” for intellectual and developmental disabilities

Key facts:

The ‘Inclusive India Initiative’ of National Trust is specifically catering to persons with intellectual and developmental disabilities;

  • with an objective to include these people in the mainstream and in all important aspects of social life, namely education, employment and community ‘Inclusive India’ in about changing the attitudes.
  • The Inclusive India initiative is an attempt to facilitate the realisation of equal opportunities, protection of rights and full participation of individuals with intellectual and developmental disabilities into the fabric of society. The three core focus areas of Inclusive India Initiative are Inclusive Education, Inclusive Employment and Inclusive Community Life.
  • The initiative will engage at least 2000 corporate sector organisations; public and private, for creating awareness towards inclusive employment for persons with intellectual disabilities, during the current financial year.
  • The efforts towards accomplishing inclusive community life can be made successful, only when the people with intellectual and development disabilities, their families, Civil Society organisations and State Government connect.
  • The Inclusive India Initiative was born out of this very need of creating awareness among general public, ensuring that the people becomes sensitive towards the focus group.

The National Trust is a statutory body

  • The National Trust is a statutory body of the Ministry of Social Justice and Empowerment, set up under the “National Trust for the Welfare of Persons with Autism, Cerebral Palsy, Retardation and Multiple Disabilities” Act (Act 44 of 1999).
  • The National Trust was envisaged with a core mission of providing opportunities for capacity development of Persons with Disabilities and their families, fulfilling their rights, facilitating and promoting the creation of an enabling environment and an inclusive society.

  1. Centre notifies rules on capital gains tax

Source: The Hindu

The Central Board of Direct Taxes (CBDT) has come out with a final notification specifying the securities transactions that would attract capital gains tax where the securities transaction tax (STT) hasn’t been paid.

  • An amendment has been made in the Finance Act 2017 to curb the declaration of unaccounted income as exempt long-term capital gains under the previous provisions of the Income Tax Act by entering into fake transactions.
  • The amendment notification specifies the transactions on which the tax would apply and those on which tax would be exempt.

Key facts:

  • According to the notification that follows draft rules issued in April this year, the Central Board of Direct Taxes (CBDT) has specified transactions where payment of STT would be mandatory to get the benefit of exemption from capital gains tax. These include acquiring existing listed equity shares through a preferential issue in a company whose shares are not frequently traded, transactions off the stock exchange, and acquisition during the delisting period of the company.
  • However, other genuine transaction, such as acquisition of equity shares by venture capital or investment funds, employee stock options, foreign direct investments by non-resident Indians and off-market transactions in schemes approved by the Supreme Court, high court, National Company Law Tribunal, SEBI and RBI, continue to be exempt.
  • Further, acquisitions through preferential issues such as conversion of loan to equity, allotment to financial institutions pursuant to a debt restructuring scheme, acquisitions by banks and securitization companies and also by modes such as gifts, holding subsidiaries, mergers and conversions would also be exempt from the new rules.

This notification shall come into force with effect from April 1, 2018, and shall accordingly apply to assessment year 2018-19 and subsequent assessment years.

 



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