- The challenge of law enforcement postCOVID19(TH) A few members of the Global Initiative Against Transnational Organized Crime, a network of prominent law-enforcement, governance and development practitioners based in Geneva, believe that the pandemic is both a threat to, and an opportunity for, organised crime, especially illicit drug trade.
- Street vendors to get credit without collateral(TH) The Pradhan Mantri Street Vendor’s AtmaNirbhar Nidhi Scheme is aimed at benefiting over 50 lakh vendors who had their businesses operational on or before March 24. “On timely/early repayment of the loan, an interest subsidy of 7% per annum will be credited to the bank accounts of beneficiaries through direct benefit transfer on a six monthly basis. There will be no penalty on early repayment of loan,” the Ministry said.
GS2: International Relations
- Seizing the moment at the WHO(TH) As WHO executive body chair, India will have to navigate the power landscape with candour and tact
- 60 mn could be pushed into poverty(TH) Policy choices made today — including greater debt transparency to invite new investment, faster advances in digital connectivity, and a major expansion of cash safety nets for the poor — will help limit the damage and build a stronger recovery.
- Shoring up Indo-Pacific(IE) France is a candidate for full-fledged membership of the IORA, it supports the centrality of the ASEAN, and is committed to seizing the opportunities offered by other multilateral frameworks, such as the Asia-Europe Meeting, or the Indian Ocean Naval Symposium, which France is chairing for a two-year term.
- Trump invites Modi to attend G7 summit in US later this year(Mint) Last week, Trump had said that he did not think G7 “properly represents what’s going on in the world". The group, comprising France, Germany, Italy, Japan, the US, the UK, and Canada, was scheduled to meet in June.
- Electronics incentive schemes launched(TH); India as a major country of the world with appropriate technology, capital including FDI and extraordinary human resource contributing significantly to the global economy: Ravi Shankar Prasad(PIB) The PLI Scheme shall extend an incentive of 4% to 6% on incremental sales (over base year) of goods manufactured in India and covered under the target segments, to eligible companies, for a period of five years subsequent to the base year. The SPECS shall provide financial incentive of 25% on capital expenditure for the identified list of electronic goods, i.e., electronic components, semiconductor/ display fabrication units, Assembly, Test, Marking and Packaging (ATMP) units, specialized sub-assemblies and capital goods for manufacture of aforesaid goods.
- Can allow non-profit organisations to list on social stock exchanges(TH) There is a great opportunity to unlock funds from donors, philanthropic foundations and CSR spenders, in the form of zero coupon zero principal bonds. These bonds will be listed on the SSE,” stated the report.
- Cellphones, jewellery, textiles: Govt identifies 10 sectors to cut imports(IE) The Indian AC industry, with an estimated Rs 12,000 crore market and sales of over 5.5 million units, is largely dependent on imported compressors — which accounts for 60-65 percent of an AC’s production value.
GS3: Science and Technology
- Explained: What is the ongoing sixth mass extinction?(IE) Mass extinction refers to a substantial increase in the degree of extinction or when the Earth loses more than three-quarters of its species in a geologically short period of time. So far, during the entire history of the Earth, there have been five mass extinctions. The sixth, which is ongoing, is referred to as the Anthropocene extinction.
- Explained: Debate over a homoeo drug(IE) Following an AYUSH Ministry advisory, several states have recommended Arsenicum album 30 as a preventive against Covid, although there is no evidence that it works. A look at the drug, and the debate.
- A new frontier(IE) we urgently need a law that allows private players to participate across the space value chain, not just bits of it, as is the case today. The draft Space Activities Bill, introduced in 2017, has lapsed. This is an opportunity to rewrite it with a bold perspective.