Uttarakhand to give capital subsidy of up to 50% for investment in tourism sector
In a major cabinet decision, the Uttarakhand government passed a proposal for a new tourism policy. The policy offers capital subsidy up to 50% of the eligible capital assets.
The move is aimed at promoting investments in the tourism sector of Uttarakhand as it would directly boost the economy and also provide employment opportunities to the locals.
Under the policy, the locations have been divided into three categories — A, B and C. Entire district area of Haridwar, Nainital and Udham Singh Nagar have been included in category A. Areas of Dehradun district which are not included in category B and Ranikhet and Almora tehsil of Almora district have been included in category A.
The remaining areas of district Almora (not included in category A), Kalsi, Chakrata, Tyuni, Garud Tehsil, Kotdwar, Lansdowne, Yamkeshwar, Dhoomakot, Dhanaulti and Narendra Nagar have been included under the category B.
Australia’s Deakin University to set up campus in GIFT city
The first foreign university to establish a campus in India will be Deakin University of Australia. The autonomous campus will be built in Gujarat International Financial Tec-City (GIFT) City.
The announcement by Finance Minister Nirmala Sitharaman last year that she would allow top-tier foreign universities and institutions to establish campuses in GIFT City to provide courses in financial management, FinTech, science, technology, engineering, and mathematics “free from domestic regulations” has led to the current development.
21 Greenfield Airports are to be set up in the country, 11 are operationalized
Government of India has formulated a Greenfield Airports Policy, 2008 which provides detailed guidelines, procedures and steps related to construction of Greenfield airports across the country, including in Bihar. Under the GFA Policy, the project proponent- an airport developer or the respective State Government willing to establish a Greenfield airport is required to send a proposal to the Ministry of Civil Aviation in the prescribed format for 2-stage approval process i.e., ‘Site Clearance’ followed by ‘In-Principle’ approval.
Government of India has also granted the first stage clearance i.e. site clearance for construction of three Greenfield airports namely Alwar in Rajasthan, Singrauli in Madhya Pradesh and Mandi in Himachal Pradesh.
The responsibility of implementation of airport projects including funding of the projects rests with the concerned airport developer including the respective State Government (in case the State Government is the project proponent).
‘LIFE’ – ‘Lifestyle for Environment’, key to combating climate change
Minister of State for Environment, Forest and Climate Change, Shri Ashwini Kumar Choubey informed that the Government has started Lifestyle for Environment (LiFE) movement with a view to sensitize all stakeholders, including the public at large, about the need for mindful utilization instead of mindless consumption of resources. A comprehensive and non-exhaustive list of 75 individual environment-friendly actions (LiFE actions) across 7 categories has been identified for nudging individuals, communities and institutions as a part of this movement.
The update to NDC submitted to UNFCCC in August 2022 includes India’s commitment to reduce Emissions Intensity of its GDP by 45 percent by 2030, from 2005 level; achieve about 50 percent cumulative electric power installed capacity from non-fossil fuel-based energy resources by 2030.
38.58 crore loans extended since inception of Pradhan Mantri MUDRA Yojana (PMMY)
As per data uploaded by Member Lending Institutions (MLIs) on Mudra portal, more than 38.58 crore loans have been extended since inception of the Scheme in April 2015. Out of this, over 26.35 crore loans have been extended to Women Entrepreneurs (68%) and 19.84 crore loans to SC/ST/OBC category of borrowers (51%). This was stated by the Union Minister of State for Finance Dr Bhagwat Kisanrao Karad in a written reply to a question in Lok Sabha.
The Minister further stated that the Ministry of Labour and Employment (MoLE) had conducted a large sample survey at the national level to assess employment generation under PMMY. As per the survey results, PMMY helped in generating 1.12 crore net additional employment in the country during a period of approximately 3 years (i.e. from 2015 to 2018).