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com +919310558455, 8708288334

PIB SUMMARY

1 to 9 May -2023
st th

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Highest ever GST Key Points:

Collection  GST revenue collection for April 2023 being highest ever
at ₹1.87 lakh crore
 GST revenues for April 2023 are 12% higher than the GST
revenues Y-o-Y
 Highest tax collected on a single day ever at ₹68,228 crore
through 9.8 lakh transactions on 20th April 2023

National SC-ST Hub Key Points:

Scheme  National SC-ST Hub Scheme crossed more than a lakh
beneficiary registrations

India-UAE CEPA Key Points:

 During the past one year, CEPA has made a significant
impact on India’s Bilateral Trade with the UAE and
particularly India’s Exports to the UAE (Oil and Non-Oil).
 The Bilateral Trade between India and the UAE has
touched historic highs during FY 2022-23. Trade has
increased from US$ 72.9 billion (Apr 21-Mar 2022) to US$
84.5 billion (Apr 22-Mar 2023) registering a year-on-
year increase of 16%.
 During the CEPA Implementation period (from May 22 to
Mar 23), bilateral trade increased from US$ 67.5 billion
(May 21-Mar 2022) to US$ 76.9 billion (May 22-Mar 2023)
– an annual increase of 14%.

Vivad se Vishwas Key Points:

 The Department of Expenditure, Ministry of Finance, has

launched the scheme, “Vivad se Vishwas I – Relief to
MSMEs” for providing relief to Micro, Small and Medium
Enterprises (MSMEs) for COVID-19 period.
 The scheme was announced in the Union Budget 2023-24
by Union Finance Minister Smt. Nirmala Sitharaman.
 The scheme commenced from 17.04.2023 and the last
date for submission of claims is 30.06.2023.

Coal Jumps by Key Points:

nearly 23% in the  India’s overall coal Production has seen a quantum
last 5 years jump to 893.08 MT in FY 2022-23 as compared to
728.72 MT in FY 2018-2019 with a growth of about
22.6%.
 The priority of the Ministry is to enhance the domestic coal
production to reduce the dependence on substitutable
coal imports.
 In the last 5 years, the production of Coal India Limited
(CIL) has increased by 703.21 MT (Million tonnes) as
compared to 606.89 MT in FY 2018-2019 with a growth of
15.9%.

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 SCCL has shown impressive growth at 67.14 MT in FY
2022-23 from 64.40 MT in FY 2018-19 with a growth of
4.3%.
 Captive and other mines have also taken a lead in coal
production by 122.72 MT in FY 2022-23 from 57.43 MT in
FY 2018-19 with a growth of 113.7%.
 The annual Coal Production target set for the FY 2023-
2024 is 1012 MT.
 Focus on Allocating 25 new Mines for Commercial Mining
in FY 2023-24
 CAPEX and Asset Monetization - The CAPEX target for
FY 2023-24 is Rs 21030 Crores (CIL: Rs.16,500 Cr, NLCIL:
Rs. 2,880 Cr and SCCL: Rs. 1650 Cr) The overall projected
target of Assets Monetization plan for FY 2023-24 is Rs.
50,118.61 Crores

Nationwide AHDF Key Points:

KCC campaign
2023-24  Nationwide AHDF KCC campaign for 2023-24 from 1st
May 2023 to 31st March, 2024. launched for providing
Kisan Credit Card facility to all eligible Animal Husbandry,
Dairy and Fishery Farmers
 Nationwide AHDF KCC Campaign launched by FAHD
Minister Shri ParshottamRupala as a part of
AazadiKaAmritMahostav

REC limited Lists its Key Point:

Green Bonds of USD  REC Limited has undertaken an exclusive listing of its
750mn at GIFT IFSC recently issued Green bonds of USD 750 million raised
Stock Exchanges under its Global Medium Term Programme of USD 7
billion at GIFT IFSC Stock Exchanges in a primary
listing ceremony held in GIFT IFSC, Gandhinagar
 With this listing, the cumulative ESG labelled bonds listed
on IFSC Exchanges has crossed USD 10 billion.
 Mr. Injeti Srinivas, Chairman, International Financial
Services Centres Authority (IFSCA) was the Chief Guest at
the listing ceremony, which was attended by Mr. Vivek
Kumar Dewangan, Chairman and Managing Director
(CMD), REC and Mr. Ajoy Choudhury, Director (Finance),
REC and other senior officials of India INX and NSE IFSC.

Food Street Project Key Points:

 Union Minister of Health and Family Welfare, Dr.
Mansukh Mandaviya reviewed the ‘Food Street Project’ to
develop 100 healthy and hygienic food streets across
the country with senior officers of the Health Ministry
and Food Safety and Standards Authority of India
(FSSAI).
 The aim of this project is to encourage safe and healthy
food practices among food businesses and community
members, thus, reducing foodborne illnesses and
improving the overall health outcomes.

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Background:
 To operationalize the food streets, the National Health
Mission (NHM) of the Ministry of Health and Family
Welfare will provide an assistance of Rs. 1 crore per food
street as a pilot project to support 100 such food streets
at different locations across the country.
 The grant will be routed under NHM, in the ratio of 60:40
or 90:10, with the condition that branding of these food
streets will be done as per FSSAI guidelines.
 The initiative will be implemented through NHM in
convergence with the Ministry of Housing and Urban
Affairs (MoHUA), apart from FSSAI’s technical support.

India-UAE Key Points:

 Sh. Rajesh Kumar Singh, Secretary, Department for
Promotion of Industry and Internal Trade (DPIIT) and H.E
Thani bin Ahmed Al Zeoudi, UAE Minister of State for
Foreign Trade, jointly inaugurated the events to
commemorate the first anniversary of the entry into force
of the Comprehensive Economic Partnership Agreement
(CEPA) between India and the UAE.
 The path-breaking India-UAE CEPA, which was negotiated
in just 88 days, has become a significant turning point in
the bilateral economic relations between the two
countries.
 For India, the CEPA with UAE is the first in the region and
for UAE, it is their first ever CEPA.
 Since the entry into force of CEPA, bilateral trade between
India and UAE has witnessed tremendous growth of 20%
when compared to the previous year.
 India’s exports to the UAE also recorded a remarkable
growth of 12%, reaching US $ 31.3 billion in 2022-
2023.
 The UAE is currently the seventh largest investor in
India with an estimated investment of US$ 18 billion.

Key points:
FSDC  Union Finance and Corporate Affairs Minister Smt.
Nirmala Sitharaman chaired the 27th Meeting of the
Financial Stability and Development Council (FSDC), for
the first time after the announcement of the Budget
2023-24.
Union Finance Minister Smt. Sitharaman advised that:
 Regulators should maintain a constant vigil as
ensuring ‘financial sector stability is a shared
responsibility’ of the regulators. Regulators must take
appropriate and timely action to mitigate any vulnerability
and strengthen financial stability.
 Regulators should adopt a focused approach to reduce
the compliance burden further and ensure a
streamlined and efficient regulatory environment. The
progress achieved in this regard shall be reviewed by the
Union Finance Minister with each regulator in June 2023.

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 The regulators need to be proactive and ensure cyber-
security preparedness of the information technology
systems to reduce the risk of cyber-attacks, protect
sensitive financial data, and maintain overall system
integrity, thus safeguarding the stability and resilience
of the Indian financial ecosystem.
 Regulators should conduct a special drive to facilitate
the settlement of unclaimed deposits and claims in
the financial sector across all segments, such as banking
deposits, shares and dividends, mutual funds, insurance,
etc.
 Action Taken Report on Budget announcements made
since 2019 was discussed. A focused approach should be
adopted by the regulators to implement the
announcements made in the Budget 2023-24, for which
timelines were also decided.
It also deliberated on,
 Early Warning Indicators for the economy and our
preparedness to deal with them,
 Reducing Compliance Burden on the regulated entities in
the financial sector by Improving Regulatory Quality, Debt
Levels of Corporates and Households in India,
 Simplification and Streamlining of KYC Framework to
meet the needs of Digital India,
 Seamless Experience for Retail Investors in Government
Securities,
 Bimakrit Bharat - Unique Value Proposition to take
insurance to last mile, and support required in terms of
resolving inter-regulatory issues for GIFT IFSC to play
strategic role in Atmanirbhar Bharat.
The Council also took note of the activities undertaken by the
FSDC Sub-Committee chaired by the RBI Governor and the
action taken by members on the past decisions of the FSDC.

Key points:
PMJJBY, PMSBY  PMJJBY, PMSBY and APY were launched by Prime
and APY Minister Shri Narendra Modi on 9th May, 2015 from
Kolkata, West Bengal.
 Citing data on the 8th anniversaries of the Jan
Suraksha Schemes, Smt. Sitharaman said that 16.2
crore, 34.2 crore and 5.2 crore enrolments have been
done under PMJJBY, PMSBY & APY respectively till
26th April 2023.
 On PMJJBY scheme, the Finance Minister said that it has
provided crucial support to 6.64 lakh families who have
received claims for Rs. 13,290 crore.
 Under PMSBY scheme, Smt. Sitharaman said that more
than 1.15 lakh families have received claims for Rs. 2,302
crore.

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 For both PMJJBY and PMSBY schemes, simplification of
claim process has resulted in speedier settlement of
claims.
Background:
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
 Scheme: PMJJBY is a one-year life insurance
scheme renewable from year to year offering
coverage for death due to any reason.
 Eligibility: Persons in the age group of 18-50 years
having an individual bank or a post office account
are entitled to enroll under the scheme. People who
join the scheme before completing 50 years of age
can continue to have the risk of life covered up to
age of 55 years upon payment of regular premium.
 Benefits: Life cover of Rs. 2 Lakh in case of death
due to any reason against a premium of Rs. 436/-
per annum.
 Achievements: As on 26.04.2023, the
cumulative enrolments under the scheme have
been more than 16.19 crore and an amount of
Rs. 13,290.40 crore has been paid for 6,64,520
claims.
Pradhan Mantri Suraksha Bima Yojana (PMSBY)
 Scheme: PMSBY is a one-year accidental
insurance scheme renewable from year to year
offering coverage for death or disability due to
accident.
 Eligibility: Persons in the age group of 18-70 years
having an individual bank or a post office account
are entitled to enroll under the scheme.
 Benefits: Accidental death cum disability cover of
Rs.2 lakh (Rs.1 lakh in case of partial disability) for
death or disability due to an accident against a
premium of Rs.20/- per annum.
 Achievements: As on 26.04.2023, the
cumulative enrolments under the scheme have
been more than 34.18 crore and an amount of
Rs. 2,302.26 crore has been paid for 1,15,951
claims.
Atal Pension Yojana (APY)
 Background: The Atal Pension Yojana (APY) was
launched to create a universal social security
system for all Indians, especially the poor, the
under-privileged and the workers in the
unorganised sector. It is an initiative of the
Government to provide financial security and cover
future exigencies for the people in the unorganised
sector. APY is administered by Pension Fund
Regulatory and Development Authority (PFRDA)

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under the overall administrative and institutional
architecture of the National Pension System (NPS).
 Eligibility: APY is open to all bank account holders
in the age group of 18 to 40 years who are not
income tax payers and the contributions differ,
based on pension amount chosen.
 Benefits: Subscribers would receive the
guaranteed minimum monthly pension of Rs. 1000
or Rs. 2000 or Rs. 3000 or Rs. 4000 or Rs. 5000
after the age of 60 years, based on the
contributions made by the subscriber after joining
the scheme.
 Disbursement of the Scheme Benefits: The
monthly pension is available to the subscriber, and
after him to his spouse and after their death, the
pension corpus, as accumulated at age 60 of the
subscriber, would be returned to the nominee of
the subscriber.
 In case of premature death of subscriber (death
before 60 years of age), spouse of the subscriber
can continue contribution to APY account of the
subscriber, for the remaining vesting period, till
the original subscriber would have attained the age
of 60 years.
 Contribution by Central Government: The
minimum pension would be guaranteed by the
Government, i.e., if the accumulated corpus based
on contributions earns a lower than estimated
return on investment and is inadequate to provide
the minimum guaranteed pension, the Central
Government would fund such inadequacy.
Alternatively, if the returns on investment are
higher, the subscribers would get enhanced
pensionary benefits.
 Payment frequency: Subscribers can make
contributions to APY on monthly/ quarterly / half-
yearly basis.
 Withdrawal from the Scheme: Subscribers can
voluntarily exit from APY subject to certain
conditions, on deduction of Government co-
contribution and return/interest thereon.
 Achievements: As on 27.04.2023 more than 5
crore individuals have subscribed to the
scheme.

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One Liners
2nd G20 Disaster Risk Key Points:
Reduction Working Group
 2nd G-20 Disaster Risk Reduction Working Group
Meeting to be held in Mumbai from May 23 – 25,
2023

Y20 Seminar Key Points:

 Manipur University to host the Y20 Seminar on
May 4, 2023, on "Shared Future: Youth in
Democracy and Governance

India’s first International Key Points:

Multi Modal Logistics park
in Jogighopa, Assam
 Shri Sarbananda Sonowal reviews progress of
India’s First International Multimodal Logistics
Park at Jogighopa ,Assam
 Built at a cost of Rs 693.97 crore, the park will
provide direct waterways, road, rail & air
connectivity

Pradhan Mantri National Key Points:

Apprentice-  As part of Prime Minister Shri Narendra Modi’s
ship Mela vision to boost career opportunities for India’s
youth under Skill India Mission, the Ministry of
Skill Development and Entrepreneurship
(MSDE) is organising the Pradhan Mantri National
Apprenticeship Mela (PMNAM) on May 8th, 2023,
in 200+ districts across the country.

Key Points:
National Bureau of Fish
Genetic Resources (NBFGR)
at Lucknow, Uttar Pradesh
 National Bureau of Fish Genetic Resources
(NBFGR) at Lucknow, Uttar Pradesh
 Dr. Abhilaksh Likhi, OSD, Department of
Fisheries, Ministry of Fisheries, Animal
Husbandry & Dairying visited the ICAR - National
Bureau of Fish Genetic Resources (NBFGR) at
Lucknow, Uttar Pradesh and interacted with fish
farmers at the institute farms.

Key Points:
3rd G20 Development  The third meeting of G20 Development Working
Working Group Meeting Group (DWG) is being convened from 8 - 11 May
2023 in the vibrant state of Goa.
 DWG as the custodian of the development agenda
of G20 and in line with the Indian G20
Presidency’s theme of “Vasudhaiva
Kutumbakam” or “One Earth One Family One
Future”, would try to find all-encompassing and
inclusive solutions and collective actions to
address the diverse global development challenges
of the day

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Key Points:
Thalassemia Bal Sewa  Dr Bharati Pravin Pawar, Union Minister of State
Yojana for Health and Family Welfare launched the
third phase of Thalassemia Bal Sewa Yojana
(TBSY) of the Health Ministry which is being
supported by Coal India Limited as part of their
Corporate Social Responsibility (CSR) initiative
to commemorate World Thalassemia Day
 She also launched the Thalassemia Bal Sewa
Yojana Portal.
Background:
 Thalassemia is an inherited blood disorder that
causes a body to have less hemoglobin than
normal.
 The Union Health Ministry has been
implementing the TBSY since 2017 under the
National Health Mission (NHM) and had
recently completed its second phase in March
2023.
 The Coal India CSR-funded Hematopoietic Stem
Cell Transplant (HSCT) program is a unique
initiative aimed at providing a one-time cure
opportunity to underprivileged Thalassemia
patients who have a matched sibling donor but do
not have the financial resources to cover the cost
of the procedure.
 The program has successfully completed 356 bone
marrow transplants for Thalassemia patients
across 10 empanelled hospitals in India during the
two phases.

 The Department of Empowerment of Persons with

National-Level Stakeholder
Consultation under
National Action Plan (NAP)
for Skill Development of
Persons with Disabilities
 The main objective of the consultation was to get
Disabilities, Ministry of Social Justice and
Empowerment organised a National-Level
Stakeholder Consultation under National Action
Plan (NAP) for Skill Development of Persons with
Disabilities on 4th May 2023 at National
Institute of Social Defence, Dwarka, New Delhi.
strategic inputs on the NAP scheme from the
stakeholders based on their experiences as well as
formulate multi-lateral collaborations that can
develop sustainable models of skilling and
employment of PwDs.

Key points:
Youth 20 Consultation
Meeting  University of Kashmir to host Youth 20
consultation meeting on May 11
 The theme of the meeting is “Climate Change and
Disaster Risk Reduction: Making Sustainability
a Way of Life”, and it will be held under the aegis
of India’s G20 Presidency.

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Important for Prelims
Yoga Mahotsav Key Points:
 Yoga Mahotsav to commemorate 50 days countdown to
the International Day of Yoga 2023 to be organised in
Jaipur on 2nd May 2023
 (Morarji Desai National Institute of Yoga)Ministry of
Ayush and Government of Rajasthan


Gujarat and Key points:

Maharashtra  Gujarat and Maharashtra celebrate their 63rd
Foundation Day Foundation Day on 1st May with great fervour

Key points:
NITI Aayog Releases  NITI Aayog released the “Best Practices in Social
Compendium on Best Sector: A Compendium, 2023” today in collaboration
Practices in Social with the United Nations Development Programme.
Sector 2023  To commemorate 75 years of India’s independence and
highlight and laud the efforts of Union Ministries and
State Governments, this compendium includes 75 case
studies cutting across 14 key social sectors.
 The case studies have been sourced from all States/
Union Territories and 30 Ministries and Departments of
the Government of India.

Key points:
Rail Vikas Nigam  Rail Vikas Nigam Limited (RVNL), a Central Public Sector
Limited (RVNL) Enterprises of Ministry of Railways, has been granted
granted Navratna Navratna Status.
Status

Key Points:
Addiction Free  The President of India, Smt Droupadi Murmu launched
Odisha Campaign the ‘Addiction Free Odisha’ campaign of Brahma
Kumaris Centre at Hatbadra, Mayurbhanj

Key Points:
Trash to Treasure  Driven by the message of Mission LiFE and circular
Hackathon economy goals, the Central Pollution Control Board is
organizing an online ‘Waste to Wealth Ideation
Hackathon’ for undergraduate and above students on
14th May, 2023

Key Points:
River City Alliance  National Mission for Clean Ganga (NMCG) in association
Global Seminar with the National Institute of Urban Affairs (NIUA)
organized the ‘River-Cities Alliance (RCA) Global
Seminar: Partnership for Building International River-
Sensitive Cities’ in New Delhi.
 The purpose of the RCA Global Seminar was to provide a
platform for officials of member cities and international
stakeholders to discuss and learn good practices for
managing urban rivers.

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Key Points:
BIZAMP
 BIZAMP – Amplifying Business Of North East Region
through Sri Fund, First Outreach Programme held at
Dimapur, Nagaland
 The programme , aimed at empowering MSMEs from the
North Eastern States and amplifying their businesses
utilizing benefits under SRI Fund, saw participation from
MSMEs across the northeast region, daughter funds and
other state dignitaries.

Key Points:
World Environment  June 5
Day  The theme for World Environment Day on 5 June 2023
will focus on solutions to plastic pollution under the
campaign #BeatPlasticPollution.

Key Points:
Khelo India  Union Minister of Youth Affairs and Sports Shri Anurag
University Games Singh Thakur launched the Khelo India University
Games Uttar Pradesh 2022’s official logo, Mascot,
Torch, Anthem & Jersey with full fervour and gushing
excitement on the auspicious occasion of Buddha
Purnima in Lucknow.
 The games will officially begin from 25th May to 3rd
June 2023 in various cities of Uttar Pradesh.

Key points:
Meeting of Range  The Ministry of Environment, Forest and Climate
countries of Central Change in collaboration with the United Nations
Asian Flyway Environment Programme/ Convention on Migratory
Species (UNEP/CMS) had organized a meeting of Range
Countries to strengthen conservation efforts for
migratory birds and their habitats in the Central Asian
Flyway (CAF) from 2nd to 4th May, 2023 in New Delhi.

Key Points:
CISO Deep Dive  National e-Governance Division (NeGD), under its
Training Programme Capacity Building scheme, organised 36th CISO Deep-
Dive training programme (Chief Information Security
Officers) from 8th-12th May 2023 with 24 participants
from Central Line Ministries and States/UTs at Indian
Institute of Public Administration, New Delhi.

Key Points:
Project SMART  The Ministry of Housing & Urban Affairs (MoHUA) and
Ministry of Railways jointly signed an MoU with Japan
International Cooperation Agency (JICA) for ‘Station
Area Development along Mumbai-Ahmedabad High
Speed Rail’ (Project-SMART).

Key Points:
National Technology  11th May, 2023
Day

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 The theme for this year's National Technology Day is -
"School to Startups-Igniting Young Minds to
Innovate."

Key Points:
India Post becomes  India Post signed an MoU with Confederation of All
logistics partner for India Traders (CAIT) and Tripta Technologies in the
crores of traders presence of Minister of State for Communications, Shri
Devusinh Chauhan.
 The MoU facilitates operationalisation of a portal called
'Bharat EMart', which will provide the facility of pick-up
of consignments from the premises of traders and will
ensure delivery at the doorsteps of the consignees across
the country.
 It is believed that it will benefits eight crore traders
associated with CAIT.

Key points:
Yuva Pratibha  With an aim to promote Indian music at the grassroots
level on a national scale by identifying and recognising
the new and young talent in various singing genres,
MyGov in collaboration with Ministry of Culture is
launching a YUVA PRATIBHA – Singing Talent Hunt

Key Points:
Sittwe Port  Union Minister for Ports, Shipping and Waterways and
AYUSH Shri Sarbananda Sonowal and Deputy Prime
Minister and Union Minister for Transport &
Communications Admiral Tin Aung San, of the Republic
of the Union of Myanmar jointly inaugurated the Sittwe
Port in Rakhine State, Myanmar.
 During this event they received the first Indian Cargo
ship which was flagged off from Syama Prasad Mookerjee
Port, Kolkata.

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