Bihar Affairs
Bihar bags second prize in National MSME Award 2022
Bihar has bagged the second prize in National MSME Award 2022 to States/UTs for outstanding contributions to the promotion and development of the Micro, Small and Medium enterprises (MSME) sector. PM Narendra Modi will give the award in a function to be organised by Ministry of Micro, Small and Medium Enterprises at Delhi on June 30.
The minister claimed that the Mukhyamantri Udyami Yojna(MUY) was limited to SC/ST only at the time of its launch in 2018 but it has been inclusive of the Backward, Extreme backward, general and Women category from financial year 2021-22.
The scheme has proved to be very effective in including youths of Bihar to the path of states industrialization. In the fiscal 2021-22, 16,000 beneficiaries were selected under Mukhyamantri Udyami Yojna who are given financial assistance of Rs10lakh, Shahnawaz said.
Shahnawaz said 25% of Industrial land ofBihar Industrial Area Development Authority(BIADA) is reserved for MSME units.
He claimed that Growth of 171.67% has been registered under MUY in fiscal 2021-22 as compared fiscal 2019-20.
The first and third prizes in the National MSME Award 2022 have been achieved by Odisha and Haryana respectively.
National and International Affairs
Istanbul Airport(Worlds Best Airport Shopping and Most Family-Friendly Airport).
approves $250 mn loan for road safety
The World Bank has approved a $250 million loan to support the Government of India’s road safety programme for seven States under which a single accident reporting number will be set up to better manage post-crash events.
The India State Support Program for Road Safety, financed by the World Bank, will be implemented in Andhra Pradesh, Gujarat, Odisha, Tamil Nadu, Telangana, Uttar Pradesh and West Bengal. The $250 million variable spread loan from the International Bank for Reconstruction and Development (IBRD) has a maturity of 18 years including a grace period of 5.5 years.
The project will also establish a national harmonised crash Database system in order to analyse accidents and use that to construct better and safer roads.
It will also fund Network expansion of basic and advanced life support ambulances and training of first responder caregivers to road crash victims on the spot.
The project will also provide incentives to the States to leverage private funding through Public Private PARTNERSHIP (PPP) concessions and pilot initiatives.
According to a World Bank study, road crashes are estimated to cost the Indian economy between 5% to 7% of GDP a year. Official government data show that each year road accidents in India kill about 1,50,000 people and injure another 4,50,000. More than half of the victims are pedestrians, cyclists, or motorcyclists and almost 84% of all fatalities are among road users between the working ages of 18-60 years.
India successfully conducts VL-SRSAM missile test off the coast of Odisha