PM GatiShakti National Master Plan – “An impetus to Power infrastructure development”

Why is it in news?

One-click Comprehensive view to steer and simplify the planning & implementation process in Power transmission projects

Highlights

·       PM GatiShakti NMP portal  plays critical role in planning, tendering, implementation and approval stages

·       ​​​​​​ 9  High Impact Power projects spanning over 6 RE rich States mapped in the portal

·       It would be a game changer providing multi-modal connectivity of infrastructures to various economic zones by leveraging technology.

·       The PM GatiShakti NMP portal provides "One-click Comprehensive view” to steer and simplify the planning & implementation process by reduction of time and cost of implementation in Power transmission projects. 

·         PM’s call for “One Sun, One World, One Grid” has set the tone for strong and reliable transmission system which will support India’s Renewable Energy (RE) ambitions along with supplementing growth of renewables globally.

NH Projects in Uttar Pradesh

Why is it in news?

Union minister for Road Transport and Highways Shri Nitin Gadkari announces construction of 2 flyovers of 2.5 km length at Kushinagar.

Highlights

·       The arrival of domestic and foreign tourists will be facilitated and the problem of traffic jam of local people will be solved.

·       Ballabhag Bypass KMP link in Gautam Budh Nagar district under Bharatmala project in the state of Uttar Pradesh and Haryana with a budget of Rs 2,414.67 crore has been approved.

·       The abovesaid road will be constructed on hybrid annuity mode with a total length of 31.425 km. The construction period will be 2 years and it will also connect Agra, Mathura and West UP, he added.

Ministry of Women and Child Development issues Guidelines for Mission Vatsalya Scheme

Why is it in news?

The objective of Mission Vatsalya is to secure a healthy and happy childhood for each and every child in India, and ensure opportunities to enable them to discover their full potential and assist them in flourishing in all respects.

Highlights

ü Components under Mission Vatsalya include-

·       Improve functioning of statutory bodies;

·       Strengthen service delivery structures;

·       Upscale institutional care/services;

·       Encourage non-institutional community-based care;

·       emergency outreach services;

·       Training and

·       capacity building.

ü All the States/UTs have signed the Memorandum of Undertaking (MoU) with the Ministry for implementation of the Scheme.

ü Mission Vatsalya will be implemented as a centrally sponsored scheme as per prescribed cost sharing ratio between the Centre and State/UT Governments.

MoD approves three Private Sector Banks to provide financial services in overseas procurement

Why is it in news?

In line with further opening of allocation of Government business to Private Sector Banks by the Department of Financial Services, MoD has assigned three Private Sector Banks viz., HDFC Bank Ltd., ICICI Bank and Axis Bank to provide the Letter of Credit and Direct Bank Transfer business for overseas procurement by the Ministry.

Highlights

·       MoUs in this connection have been signed with each of these three banks recently by PCDA, New Delhi on behalf of MoD.

·       Till now, only authorised public sector banks were utilised to provide these services to MoD. With this for the first time three Private Banks have also been allowed to provide financial services for overseas procurement by MoD.

·       The selected banks may be allocated with LC business of Rs 2000 Crore, each on the capital and revenue side, for a period of one year on concurrent basis (Rs 666 Crore for each bank under both capital as well as Revenue). The performance of these Banks will be monitored regularly so as to take necessary further action as required.