Page-160 of India Nation & States Current Affairs

DPIIT revises Public Procurement Order to encourage Make in India

The Department of Promotion of Industry and Internal Trade (DPIIT) recently revised Public Procurement Order in order to provide preference to Make in India initiative. Highlights According to the order, DPIIT has prescribed minimum of 60% procurement of local content for the year 2020-21, 70% for the years 2021-23 and 80% for the years 2023-25. ..

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Bimal Julka Committee on Rationalization of Film Media units

On June 2, 2020, the Bimal Julka Committee on Rationalization of Film Media operating under Ministry of Information and Broadcasting submitted its report to the ministry. Key Findings of the report The Committee recommended roadmaps for the development of National Film Development Corporation, Children’s Film Society of India, Films division, Satyajit Ray Film and Television ..

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GoI to formulate new STIP (Science, Technology and Innovation) policy

The Department of Science and Technology along with the office of Principal Scientific Adviser to GoI are to jointly formulate National Science Technology and Innovation Policy 2020. The policy is to be formulated in bottom-up, decentralized process. About the Policy The fifth Science and Technology Policy is to be formulated by the Indian Government as ..

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Union Cabinet approves change of definition of MSMEs

On June 1, 2020, the Union Cabinet approved the changes made to the definition of MSMEs. The Finance Minister Nirmala Sitaraman had announced about the changes being made to MSMEs while she announced the economic package allocated to Atma Nirbhar Bharat Abhiyan. Definition According to the new definition, MSMEs with investment till Rs 1 crore ..

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Real Time Electricity Market launched by Indian Energy Exchange

On June 1, 2020, Indian Energy Exchange launched Real Time Electricity Market (RTM). The main aim of the launch is to help discoms plan their power requirements. Working of the market The market will conduct 48 auction sessions during the day and the power will be delivered within one hour of closure of the bid ..

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