Daily Current Affairs for 21st November 2022 covering today’s important headlines by Crack Adda. World Television Day is observed on 21 November, every year. It is a day that recognizes the value and impact of television in our lives.
|News about it
|India’s first National Centre Of Excellence For Green Port & Shipping (NCoEGPS) is launched by the Ministry of Ports, Shipping and Waterways (MoPSW)
|· The main objective is to develop a regulatory framework and alternate technology adoption roadmap for Green Shipping to foster carbon neutrality and circular economy (CE) in the shipping sector in India.
· The NCoEGPS will act as a technological arm of MoPSW and will be working under the framework of the Sagarmala program.
· U.N. shipping agency the International Maritime Organization (IMO) aims to reduce overall greenhouse gas emissions from ships by 50% from 2008 levels by 2050.
|NCPCR Launches Training Modules for Child Welfare Committee (CWC) and Protocols or Restoration and Repatriation of Children
|The training module aims to enhance functional knowledge, and improve the relevant skills of members and the Chairperson of CWC to deliver effective and timely service for the protection and rehabilitation of children.
|In the Last 5 Years, Rs 10 Lakh Crore in write-offs help Banks Halve Nonperforming Assets (NPAs)
|· According to data furnished by the Reserve Bank of India (RBI), the write-off exercise helped the banking sector to reduce its gross NPAs to 5.9 percent of the total advances (2022) from 11.2 percent in 2017-18.
· The bank writes off a loan after the borrower has defaulted on the loan repayment and there is a very low chance of recovery.
· In the last five years, banks were able to recover only Rs 1,32,036 crore from the written-off loans
|India’s soft loans to neighboring countries have increased from about $3 billion to almost $15 billion in the last eight years.
|· A Soft Loan is a loan with no interest or a below-market rate of interest. Forex, Line of Credit
· Significance of Soft loan diplomacy for India
o Help India strategically counters China’s belt and road initiative
o Strengthens India’s credentials of contributing to global good and emerging as a world leader.
|Government withdraws export duty on steel
|· The Central Government has withdrawn the export duty on specified pig iron and steel products as well as iron ore pellets
· Initiatives taken by the government for the steel sector:-
o National Steel Policy 2017: It aspired to achieve 300MT of steelmaking capacity by 2030-31.
o FDI: 100% FDI through the automatic route is allowed in the Indian steel sector.
o Production-linked Incentive (PLI) Scheme: PLI scheme has been approved for specialty steel with a financial outlay of Rs. 6,322 crores (US$ 858.50 million) over five years.
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