Qolivevoara www.oliveboard.in Schemes + The invoice incentive scheme - Mera Bill Mera Adhikaar begins. + The objective of the schemeistobringa cultural and behavioural change in the general public to Ask for a Bill as their right and entitlement. + This scheme has been initially launched . as a pilot in the States of Assam, Gujarat and Haryana and Union Territories of 5 Puducherry, Dadra Nagar Haveli, Daman . and Diu The scheme will give an attractive reward of one crore rupees to the consumers. + The government launched a new scheme called 'mera bill mera adhikaar' to encourage consumers to insist on invoices at the time of purchase. + The scheme introduced in Haryana, s i, id ju and Puducherry offers consumers a chance to win 'L crore, '10 lakh and ‘Loi0odestincemtir + The minimum value for invoices to be : considered forjtH@iarawaliasibeen kept at'200.Alll invoices issued byGSTregistered sellers will be eligible for the scheme SigiitaimUnnZ5! invoices will be considered from an Buoyed by strong equity and debt market performance, National Pension vere ines) assets under management {AUM) ‘including the corpus 1 Pension Yojana (APH it» milestone of “10 lakh crore on August 25, This represents a 25 per cent year-on- year growth over the AUM level of ' 8 lakh crore as of the end of August last fiscal. In the end of March this year, NPS AUM stood at ' 8.98 lakh crore About NP: ‘National Pension System (NPS) is a e launched by Government of India to provide old age security to Citizens of “India. It brings an attractive long term. saving avenue to effectively plan your retirement through safe and regulated market-based return. The Scheme is (PFRDA).National Pension System Trust (NPST) established by PFRDA is the registered owner of all assets under NPS. The Karnataka government is planning to replace the monetary assistance for beneficiaries under that have been designated as drought: — hit, Food and Civil Supplies minister KH. Muniyappa has said. Muniyappa said that the distribution of rice would commence once the government finalises the list of drought- affected taluks. Currently, due to insufficient rice stocks, the government. www.oliveboard.in 47Qolivevoara www.oliveboard.in provides monetary aid to beneficiaries instead of the additional 5 kg of rice, as promised in the Congress manifesto. “In the coming ten days, the state government will make a decision regarding the distribution of 10 kg of rice to each beneficiary. We are engaged in discussions with Andhra Pradesh, Telangana, and Chhattisgarh to get rice at a reasonable cost,” he said. The Union Cabinet, chaired by the Hon'ble Prime Minister approves the ———_" Storage Systems (BESS). The approved scheme envisages development of 4,000 MWh of BESS projects by 2030-31, with a financial support of up to 40% of the capital cost. as budgetary support in the form of Viability Gap Funding (VGF). Designed to harness the potential of renewable energy sources such as solar and wind power, the scheme aims to provide clean, reliable, and affordable electricity to the citizens. The VGF for development of BESS Scheme, with an initial outlay of Rs.9,400 crore, including a budgetary support of Rs.3,760 crore, signifies the government's commitment to sustainable energy solutions. By offering VGF support, the scheme targets achieving a Levelized Cost of Storage (LCoS) ranging from Rs. 5.50- "6.60 per kilowatt-hour (kWh), making stored renewable energy a viable option for managing peak power demand across the country. www.oliveboard.in The VGF shall be disbursed in five tranches linked with the various stages of implementation of BESS projects. The Union Cabinet approved the Scheme for Viability Gap Funding (VGF) for development of Battery Energy Storage The approved scheme envisages development of 4,000 MWh of BESS projects by 2030-31, with a financial support of up to 40% of the capital cost as budgetary support in the form of Viability Gap Funding (VGF). Designed to harness the potential of renewable energy sources such as solar and wind power, the scheme aims to provide clean, reliable, and affordable electricity to the citizens. The VGF for development of BESS Scheme, with an initial outlay of Rs.9,400 crore, including a budgetary support of Rs.3,760 crore, signifies the government's commitment to sustainable energy solutions. By offering VGF support, the scheme targets achieving a Levelized Cost of Storage (LCoS) ranging from Rs. 5.50- 6.60 per kilowatt-hour (kWh), making stored renewable energy a viable option for managing peak power demand across the country. The VGF shall be disbursed in five tranches linked with the various stages of implementation of BESS projects.Qolivevoara www.oliveboard.in The Cabinet has approved an amount of Development Scheme (IDS), 2027 for The government of India announced 7 {eusialeretoomeneseenren201 for the state of Himachal Pradesh and Uttarakhand, | Under this scheme, the total financial outlay was Rs.: This allocated fund has been exhausted during the financial year 2021-22. Further, the requirement of an additional fund to meet the committed liabilities up to 2028-2029 is Rs.1164.53 Crore. For allocation of this additional financial outlay, approval of the Cabinet was solicited under Industrial Development Scheme, 2017. Dharmendra Pradhan, union minister, education, skill development, and entrepreneurship, inaugurated SkillIndia Digital(SID), an all-encompassing digital platform with the mission of [ entrepreneurial environment. This platform symbolises the hopes and aspirations of countless Indians striving for improved prospects and a more promising tomorrow by providing industry-relevant skill training, employment prospects and entrepreneurial assistance. SID serves as India’s Digital Publi Infrastructure (DPI) for the skill development, education, employment and entrepreneurship ecosystem. It is guided by the vision of enhancing skill development through innovation, accessibility and personalisation, with a strong focus on digital technology and Industry 4.0 skills. Union Minister Fisheries, Animal Husbandry & Dairying, Shri Parshottam Rupala launched a unique program, on the occasion of completion of three Qf ‘successful years of implementation ot a a The program organised by Department of Fisheries, Government of India at Brilliant Convention Center, Indore. The Jagrukta Abhiyan for enhancing outreach across India and ensuring ‘last will run for 6 months from Sep 2023 to Feb 2024 during which 108 events will be organised. The main objectives of the Matsya i re aera or ee and knowledge about 9 Years of achievements of the Gol, highlighting success stories of the beneficiaries and reaching out to 2.8 crore fish farmer and 3477 coastal villages. Various key projects that are newly taking ground across India were launched by the Union Minister. This bouquet of 239 projects approved under PMMSY were from 15 states of Arunachal Pradesh, Assam, Bihar, Chhattisgarh, Goa, Haryana, Jharkhand, www.oliveboard.in asQolivevoara www.oliveboard.in Ladakh, Madhya Pradesh, Maharashtra, Meghalaya, Mizoram, Tripura, Uttar Pradesh and Uttarakhand with a total investment of Rs 103.11 crore. Prime Minister Narendra Modi will launch the PM Vishwakarma Scheme on the occasion of Vishwakarma Jayanti 17 ‘Sep, at the India International __ Convention and Expo Centre in New _ Delhi. The aim of the scheme is to not only support the artisans and craftspeople of rural and urban areas across the country financially, but also to keep the age-old tradition, culture and diverse heritage alive and flourishing, through local products, art and crafts. Finance Minister Nirmala Sitharaman said the government will offer up to 8 artisans mae 5 PM ee scheme launched by Prime Minister Narendra Modi . Ms Sitharaman, during the launch event of the scheme, said the government has already made a provision of 13,000 crore rupees in the Budget 2023-24. The prime focus of the Vishwakarma scheme is to improve the quality as well as the reach of products and services and to ensure that they are integrated with the domestic and global value chains. The aim of the scheme is to not only support the artisans and craftspeople of rural and urban areas across the country financially but also to i keep the age-old tradition, culture and diverse heritage alive and flourishing through local products, art, and The Ministry of New & Renewable Energy (MNRE) has relaxed the domestic content requirement (DCR) norms for solar cells under Component C of the scheme In August last year, the Ministry waived off domestic requirement norms for projects awarded on or before June 20, 2023. Under the component C of the scheme, the government provides financial incentives for the solarization of grid- connected agriculture pumps. 30% of tr he central government, 30% by the state For agriculture feeder solarization, a Central Financial Assistance (CFA) of 1.05 crore per MW isin place. But to avail this incentive, only domestically manufactured cells and modules can be used for installations under the scheme. The step was taken to boost domestic manufacturing in the sector. However, it has led to delays in the execution process. As of July 2023, in Component C, the government approved 1, 21,930 pumps for individual pump solarization (IPS). But only 1,519 pumps are already in operation. Meanwhile, for feeder- level solarization (FLS), 22, www.oliveboard.inQolivevoara www.oliveboard.in 05,279 pumps have received approval, but none have been installed yet. The Centre approved a series of welfare measures for agents and employees of Life Insurance Corp. of India (LIC), such as increase in gratuity limit, eligibility for renewal commission, term insurance cover and a uniform rate of family pension. For LIC agents, the gratuity limit has 1e measures follow , that proposed enhancement of gratuity limit, and uniform rate of family pension among others. The move will benefit more than 1.3, million agents, and over 100,000 regular employees, who play a pivotal role in the growth of LIC and deepening of insurance penetration in India. Also, reappointed agents will now be eligible for renewal commission, thereby providing them with increased financial stability. Currently, LIC agents are not eligible for renewal commission on any business completed under the old agency. The government launched an ) that will empower stakeholders to access credible and objective data for taking informed decisions. The UPAg, developed by the Mi Agriculture, is a crucial component of digital public infrastructure for agriculture. The portal aims to address the data related governance challenges such as lack of standardised and verified data, which make it difficult for policymakers, researchers, and stakeholders to make informed decisions. The government has launched a series of transformative initiatives, aimed at revolutionizing agriculture in the country in New Delhi. The transformative initiatives, include Kisan Rin Portal (KRP), Door to Door KCC Campaign, and Weather Information I. The Kisan Rin Portal (KRP), developed in collaboration with multiple government departments, is poised e see SELES een Credit Card (KCC). This digital platform offers a comprehensive view of farmer data, loan disbursement specifics, interest subvention claims, and efficient agriculture credit. The Ghar Ghar Kisan Credit Card (KCC), Abhiyaan is an ambitious campaign to extend the benefits of the Kisan Credit to every farmer across India. This campaign aims to achieve universal financial inclusion, ensuring that every farmer has unhindered access to credit facilities. The Ministry said total number of operative KCC accounts as of March 2023 is 7.35 Crores with total sanctioned limit of 8.85 lakh crores rupees. Data 5 www.oliveboard.in 5aQolivevoara www.oliveboard.in instrumental innovation, that leverages sete sate hace + India rolled out a new policy for tens of thousands of casual workers employed by the Border Roads Organisation (BRO) to build infrastructure in the country's farthest frontiers to give them dignity in death. defence ministry said in a statement. + The Scheme for Remission of Duties and = was notified till 30th September 2023 is now being extended till 30th June 2024 at the same rates to the existing export items. The Scheme is WTO compatible and is being implemented in an end-to-end IT environment. + The RODTEP Scheme was introduced by the Government as a duty remission scheme on exports and is being implemented from 1st January 2021. + The Scheme provides a mechanism for ss, duties and levies, which are currently not being refunded under any other mechanism, at the central, state and local level, but which are incurred by the export entities in the process of manufacture and distribution of exported products. Under the Scheme, a support of Rs. 27,018 crores has been extended for the 27 month period till 31.03.2023. ‘The RODTEP scheme operates under a budgetary framework and for FY 23-24, a budget of Rs 15,070 crores is available to support 10610 HS lines at the 8 digit level. Union Minister of Health and Family ‘Welfare Mansukh Mandaviya launched the Rs 5,000 crore RromiotionTof Research and Innovation in Pharma and MedTech sector scheme, which aims to transform India's pharma medtech industry from a cost-based one to innovation-based, India accounts for only 1.5% of the global medical device: market, while having 8% share of The scheme aims to strengthen ‘research infrastructure in India, the in the world by volume, with a current market size of around $50 billion, A recent report of the Pharmaceutical Exports Promotion Council of India suggested that Indian pharma exports could surge to $24 billion in FY24, an increase from $23 billion in FY23. THGIPRIPScHERIe|has two main components — the first one would focus on infrastructure building, It includes establishing ‘centres of in seven campuses of National Institutes of Pharmaceutical Education and Research (NIPER) at a tentative cost of Rs 700 crore over five years. The second component would include S, ies www.oliveboard.in 52Oolive (MSME's) and startups. They will carry out research in collaboration with academic institutions as well as for in- house R&D. Around Rs 4,250 crore has been kept aside as financial outlay for this component. Ooliveboard |f feyggainls IBPS RRB PO 2023 Personalized Interview Batch 9 (Delhi) ce aan cs 19. Dharmendra Pradhan launches C GOOD modules to advance gender equality www.oliveboard.in 104 + Union Minister for Education and Skill Development and Entrepreneurship Dharmendra Pradhan launched 'CRIIO 4 GOOD’, a new online, life skills learning modules, to promote gender equality among girls and boys. + The programme was launched in association with the International Cricket Council, UNICEF and the Board of Control for Cricket in India at the Narendra Modi Stadium. Special Focus on ay Coase cere eantae ore Ce eee aa ed QOBGHaaOA ee ee enact eee www.oliveboard.in 53Qolivevoara www.oliveboard.in Appointments & Resignations + Central Bureau of Communications (CBC) chief Manish Desai will take over the government's media outreach unit Press i the Ministry of Information and Broadcasting said. + He will assume charge of PIB on the : superannuation of Rajesh Malhotra, who has been at the helm of the media outreach unit since 2022. + Ranganathan Madhavan has been nominated as the new president of the \d chairman of its governing council. He will replace noted filmmaker Shekhar Kapur. + The FTII Society, headed by the FTII chairman, has 12 nominees of whom : eight are nominated under the ‘Persons of Eminence’ category, while four are FTI alumnus. * + National Asset Reconstruction Company of India (NARCL) Chairman Karnam Sekar resigned after a proposal for merging public sector NARCL with India Debt Resolution Company Ltd (IDRCL) was suggested, + Under the current structure, NARCL functions as a ‘principal entity’ while the IDRCL operates as a resolution agent. : + NARCL managing director N Sunder. + IDRCL, headed by Diwakar Gupta. www.oliveboard.in NARCL is tasked with with acquiring and aggregating bad loan accounts from banks, while IDRCL is equipped with handling the resolution process. The General Body of the international Esports Federation (IESF) has elected director, the Esports Federation of India (ESFl) and vice- president, the Asian Esports Federation, to its membership committee on a three-year term. The election marks the first time that an Indian has become a part of the membership committee of the The broking arm of State Bank of India, SBICAP Securities Ltd. appointed Suresh Shukla as its chief business officer. This comes at a time when stock broking, deal-making activities and secondary market transactions are making a comeback. ‘Shukla, who was the joint president of Kotak Securities, is a veteran in the securities market with at least 25 years of experience. Indian American Arjun Gupta, founder and Chief Believer at TeleSoft Partners, a special situations venture capital firm, has been named chairman of the newly established federal Investment Capital 54Qolivevoara ‘Advisory Commies (GAG) Smal Business Administration head Casillas Guzman announced. + He is among 14 members who will advise the Small Business Administration. + The National Association of Software (Nasscom) has announced the appointment of Rajesh . Chairman and Managing Director, Cognizant India as its Chairperson. + Nambiar takes on the new role from his previous role as Vice Chairperson succeeding Anant Maheshwari, Former President, of Microsoft India. Debjani Ghosh, President, Nasscom. + ICRA has announced the appointment of Jayanta Chatterjee as the Managing Director and Chief Executive Officer of . ICRA Analytics Limited (IAL), a wholly- owned subsidiary of ICRA. Chatterjee has succeeded Sushmita Ghatak. + Ramnath Krishnan, MD & Group CEO at ICRA. + RBIhas approved the appointment of . _Dipak Gupta as interim managing director and chief executive officer of starting from September 2. + Kotakis the founder and promoter of the bank and has been the Managing . Director & CEO of Kotak Mahindra Bank Limited (earlier known as Kotak www.oliveboard.in www.oliveboard.in Mahindra Finance Limited) since August 4, 2002 Tata Steel Limited shareholders approved re-appointment of TV Narendran as the global Managing Director and Chief Executive Officer (CEO) for the next five years Narendran got 99.47% of the total shareholders' votes in his favor during the meeting to approve the decision to re-appoint him for the next five years. The Reserve Bank of India has approved the reappointment of ICICI Bank MD and 50 GapseeeBakth for three years, with effect from October 4. The reappointment tenure will be effective till October 3, 2026, the private sector lender notified the exchanges. Prior to that, Bakhshi was a whole-time director and the chief operating officer of ICICI Bank. He had joined the ICICI Group in December 1986 and over his 37-year long tenure has been a part of several group companies. ‘Sindhu Gangadharan, SVP and MD, SAP Labs India and Head, SAP User Enablement, has been appointed as Vice Chairperson of The National Association of Software and Service Companies (nasscom) Earlier this year, She was appointed as Chairperson of the Nasscom GCC Council 2023-25. 55Qolivevoara www.oliveboard.in + Rajesh Nambiar, Chairman & Managing Director, Cognizant India, is current Chairperson of Nasscom. been active in driving initiatives at the Automotive Components Manufacturers Association. + Mastercard has announced the appointment of Rajnish Kumar, former Chairman of the State Bank of India (SBI), as the Chairman of Mastercard India. «= Inthis non-executive advisory role, Kumar will guide Mastercard's South Asia executive leadership team, led by Gautam Aggarwal, Division President for South Asia and Country Corporate Officer, India. + The government appointed special director Rahul Navin as the acting director of the Enforcement Directorate (ED) till the appointment of a regular Director or until further orders. + Rahul Navin replaced Sanjay Kumar Mishra who stepped down which was the Supreme Court-mandated deadline for his tenure, + The Automotive Skills Development Council (ASDC) has nominated auto component industry veteran FR Singhvi,, as its next President. * Concurrently, Vinkesh Gulati has been appointed as the Vice-President. The appointments were announced at ASDC's biennial leadership transition at its Annual General Meeting (AGM). + Singhi is the co-promoter and the Joint MD of Sansera Engineering and has also “Abhay Karandikar, the director of the The Digi as appointed MD & CEO, Summit Digitel as the Chairman and Sandeep Girotra, CEO, American Tower India as the Vice-Chairman. The changes in the leadership management will come into effect from October 1, 2023. Joshi takes over from Akhil Gupta, Chairman, Bharti Enterprises. IT) was appointed the secretary of the Department of Science and Technology (DST). He will take over from Rajesh S Gokhale, who assumed additional charge in July this year, over his role as Secretary of the Department of Biotechnology after S Chandrasekhar quit as DST secretary. + Anil Agarwal, Sweta Kakkad and Deepak ‘ave been appointed to the Competition Commission of India With these appointments, the antitrust body will now have four members, including Chairperson Ravneet Kaur. Competition Commission of india has been established by the Central www.oliveboard.in 56Qolivevoara www.oliveboard.in Government with effect from 14th October 2003, + CCI consists of a Chairperson and 6 Members appointed by the Central Government. + Inaccordance with the regulations, the presence of a quorum is a necessary requirement when considering investigation reports and approving adjudication orders at the CCI. + The Reserve Bank of India has greenlit the (eapaptnmentohseshidbar Jagdishan as managing director and chief executive officer of HDFC Bank, the lender said in an exchange notice. The approval is for three years and will be effective from October 27, 2023 to October 26, 2026. + He took over from Aditya Puri in October Ved as its chief executive and a director ‘on the board. Prior to joining Liberty, he was the president of consumer lines at Liberty General Insurance Limited is a private general insurance company headquartered in Mumbai, India. ICICI Lombard General Insurance said its Managing Director and CEO Bhargav Dasgupta has resigned after serving the company for 14 years. The Asian Development Bank (ADB) appointed Bhargav Dasgupta as Vice- President (market solutions) for a period of : Dasgupta replaces Ashok Lavasa, former Finance Secretary and Election Commissioner of India. 2020. This would be i 's second private bank, + The board of Biocon Ltd. has approved the appointment of Peter Bains as group dl e Sarees "e reporting directly to Biocon Group Chairperson Kiran Mazumdar- Shaw. + Bains has stepped down from his role on the Biocon board as an independent director with immediate effect to assume this strategic executive responsibility. + Liberty General Insurance has announced the appointment of Parag” ICICI Lombard approved the appointment of Sanjeev Mantri, presently Executive Director of the Company, as Managing Director & CEO of the Company with effect from December 1, 2023 or the date of approval from Insurance Regulatory and Development Authority of India, whichever is later for the period of five (5) consecutive years or his date of retirement whichever is earlier. In a new transition of roles, Ogilvy India ‘on 26 September encurnced thet Puch that Piyush Pandey has stepped down from the post www.oliveboard.in 57Qolivevoara www.oliveboard.in of chairman global creative and executive chairman and has been replaced by VR Rajesh. Hephzibah Pathak will take on the role of Executive Chairperson of Ogilvy India. She will be Ogilvy India's first ever wemaminithisrole. Qai\alobaleeo : The Appointments Committee of the Cabinet (ACC) has approved an extension in Goyal's tenure as the CEO, National Intelligence Grid (NATGRID) beyond March 25, 2024, for a period up to November 19, 2025. The NATGRID is a federal intelligence gathering organization created to enhance the country's counter-terrorism. capabilities. announced the resignation of its managing director and CEO, S. Krishnan. Ontrenen | Sr s5, Stay up to date on iIn-Demand Skills Explore Now Tamilnad Mercantile Bank Limited is a bank headquartered at Thoothukudi, Tamil Nadu, India. TMB was founded in 1921 asthe Nadar Bank, but changed its name to Tamilnad Reliance-backed Viacom18 has appointed Kiran Mani as the chief executive officer (CEO) of its digital business, informed sources have told FE. Mani was previously with Google, where he was the general manager and MD for Android and Google Play for the Asia Pacific region. Sources in the know said Mani will be responsible for driving Viacom18 has also been picking up the digital rights of top sporting properties such as the Indian Premier League (IPL), the Women’s Premier League (WPL), and most recently, the television and digital rights for the Indian cricket team’s international and domestic matches at home in a bid to strengthen its content. Career-Booster Skills Skil for Exam / interview Prep MUST-Have Computer Skills Exclusive Tips from Experts & More! Kal ki Taiyyari, Aqj se! liveboard.in 58QOelivevoard www.oliveboard.in Schemes Enmulatnheudlorfuertisanshaye been registered under PEHCHAN scheme across the country to benefit of this programme. These registered artisans with Pehchan card can avail the benefits of the National Handicraft Development Programme (NHDP) and Cor i The Ministry of Tourism has identified ‘Prayagraj' and 'Naimisharanya’ in Uttar Pradesh as destinations for development under ith the objective to develop sustainable and responsible tourism destinations. The government launched ‘Swadesh Darshan Scheme' in the year 2014-15 for integrated development of Theme-Based Tourist Circuits in the country. Over in ), the government's flagship social security programme launched in 2015 with the objective of delivering old-age income security to all citizens of India, particularly to the workers in the unorganised sector. As of date, the total assets under ‘management (AUM) in APY is more than Rs 28,434 crore. www.oliveboard.in has been Ranked as the top performing District under Jal Jeevan Survekshan(JJS-2023) among 114 Har Ghar Jal See Se nh implementation of the Jal Jeevan Mission(JJM) during October, 01,2022 to June 30,2023. The Srinagar District has attained the top rank in implementation of JM by obtaining highest score of 83.0. Raksha Mantri Rajnath Singh approved a substantial increase in financial aid across various schemes aimed to strengthen the support systems for the ex-servicemen and their families. Ina significant step towards promoting the indigenous artisans of India, One an initiative under th of Commerce & Industry, launched its collaboration with the Ministry of Rural Development in New Delhi. Ina step towards financial literacy, Investor Education and Protection Fund Authority (IEPFA) CEO Ms, Anita Shah Akella launched two Investor Awareness Vans titled 'Niveshak Sarathi’, from IEPFA's headquarters as part of 36QOelivevoard www.oliveboard.in he Azadi ka Amrit Mahotsay celebrations, aligning with the theme ' A Chintan Shivir on ‘Enhancing Apprenticeship Engagement’ organized to elevate the uptake of apprenticeship programs among all stakeholders. Union Cabinet today approved a that will benefit about and craftsmen, including weavers, goldsmiths, blacksmiths, laundry workers, and barbers. Under the scheme, craftsmen will be provided a subsidised loan of * e loans will be provided at a Union Cabinet approved extension of the Digital India programme with an outlay of Rs in skilling, cyber security, high performance computing and simplifying technology for masses, among other areas. Under the extended programme, nine more added under the National Supercomputing Mission(NCM). The outlay has been approved for a five-year period i www.oliveboard.in The total number of Jan Dhan accounts crossed according to the latest report submitted by the banks. Of these, 56% of the accoun and 67% of these accounts have been opened in rural or The deposits in these accounts stood umulatively at above Rs 2,03 lakh crore and a about Pradhan Mantri Jan Dhan Yojana (PMJDY), was launched on augus26, 2084 Centre has rolled out a Rs lin ) scheme for pharmaceuticals and med-tech sector to strengthen the research infra in the country & promote more industry-academia linkages for research and development(R&O). The total outlay of the scheme would be Rs 5,000 crore over a period of five years from Scheme has two components. Indian pharma industry constitutes 3.4% market share of the global pharma industry. Tae will be spent on Ten thousand new electric buses will be 37QOelivevoard www.oliveboard.in The scheme will cover cities having a population of three lakh and beyond as per the census 2011 including all the Capital cities of Union Territories, North Eastern Region, and Hill States West Bengal, Punjab, Telangana, Kerala, Tamil Nadu, Haryana, Bihar and Rajasthan wherein some of the districts are yet to achieve the target of 75 Amrit Sarovars per district. So far, out of 1,12,277 Amrit Sarovars identified, work has been started on 81,425 Amrit Sarovars and a total of 66,278 Amrit Sarovars have been built/rejuvenated. The Amrit Sarovar mission was launched by the Prime Minister on the 24thth April 2022. Government of India is launching an ‘Invoice incentive Scheme' by the name ‘Mera Bill Mera Adhikaar' to encourage the culture of customers asking for bills for all purchases. Under the scheme, invoices will be drawn at regular intervals monthly and quarterly. can be uploaded on Mobile App "Mera Bill Conner] IBPS Clerk 2023 Mains Cracker Batch re) DE : LAUNCH oe Mera Adhikaar’ available on 10S and Android or on web portal ' This scheme is being implemented in association with State Governments. The government has decided to extend the Rs 25,938-crore production-linked incentive scheme for the automotive sector by one year, Union Heavy Industries Minister Mahendra Nath Pandey said. Post extension, the five-year scheme, originally in place from 2022-23 to 2026-27, will be active until 2027-28. The government is expected to extend export benefits under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme to iron and steel, chemicals, and pharmaceutical sectors beyond September 30, 2023. ‘As exports have not doing good for the last few months, there is a demand to extend it for about six months till March 2024. Ceres C) Peery Se he (Sed Ce www.oliveboard.inQOelivevoard www.oliveboard.in Appointments & Resignations Indian-American ‘a has assumed Sena the role of special agent in charge of the Salt ASRS 25 appointed by Gy Her appointment marks a momentous milestone in her career, as she becomes the fortieth sovereign to undergo the prestigious coronation ceremony at the renowned Westminster Abbey. Honeywell announced that 'as been named President and CEO of hi : SS aorea effective September 4, fe will lea business growth across Honeywell's geographies in China, India, Southeast Asia, Central and Eastern Europe, the Middle East, Central Asia, Africa and Latin America. Cambodia's king Norodom Sihamoni, has approved the government's nomination of Hun Manet, the eldest son of long-serving Prime Minister Hun Sen, to become the next Premier. Ruling Cambodian People's Party (CPP) in last month's election won 120 of 125 parliamentary seats in a contest in which all viable opposition was sidelined. Tesla Inc. has appointed India-origin Vaibhav + Taneja as its new chief financial officer with immediate effect. Taneja, who is currently the electric carmaker's chief accounts officer, will take on the additional responsibility of chief financial officer from Zachary Kirkhorn, Kirkhorn stepped down on Aug. 4, after a 13- year tenure at the world's most valued carmaker. s n charge as the new f the Taxes and Customs (CBIC) He has taken over charge of the post with effect from August 5, 2023. The CBIC, which deals with Inindrect taxes Gs, customs excise, headed bya chairman and has six members in the board. Ina first-of-its-kind instance, the government has extended the tenure of Indian Oil Chairman & Managing Director (CMD) Shri Shrikant Madhav Vaidya, for a period of one year beyond the date of his superannuation, i.e. w.e-f, 01.09.2023 till 31.08.2024. The decision to extend Vaidya's tenure was authorized by the Appointments Committee of the Cabinet (ACC). The Insurance Regulatory and Development pproved the appointment ot the new, Managing Director and Chief Executive Officer. ‘Amit Jhingran has over three decades of experience in the insurance sector and serves www.oliveboard.in 39QOelivevoard as the Assistant General Manager of the Hyderabad Circle. IRDAI headquarter is in Hyderabad, Telangana www.oliveboard.in Onna Se cE Shri. Ashwani Bhatia & Shri Ananth Narayan G. SEEHEIbss appointed] Dora EW aIUAECUTe (ul behem: ,2023 to August 31,2026. Doraiswamy will replecniga tial wo is due to superannuate at the ent jonth. Currently, LIC hi sour Managing Decors" ‘prbbren meh Tesh Pande and The Appointments Committee of the Cabinet (ACC) has approved the appointment of t of Chairperson and Managing Director (CMD) of Power Finance Corporation (PFC) Limited. With this, of Pr e The Appointments Committee of the Cabinet (ACC) has approved the appointment of At SEBI, Varshney and Singh will fil in the vacancies created by the retirement of SK Mohanty and Ananta Barua. SEBI They have been appointed for three years. www.oliveboard.in According to Thrissur-based South Indian Bank 1) has approved the appointment oF ices managing director and chief executive officer of the bank for a period of three years with effect from October 1, 2023. South Indian Bank was established in 1929 at Trichur, Kerala State. The Unique Identification Authority of India (UIDA\), the nodal body in charge of issuing ‘Aadhaar numbers, has appointed Neelkanth Mishra as its part-time chairperson. Mishra is the Chief Economist and Head of Global Research at Axis Bank Ltd. The UIDAI board consists of a chairperson, two part-time members, and the CEO, who also serves as the member-secretary. Amit Agrawal- Chief Executive Officer of the Unique Identification Authority of India. Chairman of the The Cabinet Appointments Committee of the Central Government approved the appointment of Justice Prakash Srivastava as, the Chairman of the NGT. ‘tains 40QOelivevoard www.oliveboard.in Life Insurance Corporation of India (LIC), a public sector insurance firm, has announced the appointment of Doraiswamy Ramachandran as the Managing Director, effective from September 1, 2023. Currently, Doraiswamy is serving LIC as the Executive Director at the head office in Mumbai. He will be taking over from Mini Ip: Vehicles (SMEV), the apex body of the Indian Electric Vehicle ee, has announced the appointment of R K Misra, Co-founder of Yulu Bikes and Director at Magna Yuma, as its new President for 2023-24. m Mini Ipe, Akshay Kashyap, Managing Director, Greenfuel Energy Solutions P. Ltd has been named as Vice President. Reliance Industries Limited (RIL) has announced a boardroom reshuffle, as Nita Ambani steps down from her position. Isha Ambani, Akash Ambani, and Anant Ambani have been nominated as Non-Executive Directors of the company. ‘As the Chairperson of Reliance Foundation, Nita Ambani will attend all the RIL Board meetings. (FIDC), the representative body for asset and loan financing of appointes Kamlesh Gandhi, CMD of MAS Financial Services, and K V Srinivasan, chief executive officer of Profectus Capital, will act as the co- chairmen of FIDC. rently serving in the Indo-Pacific di ao of the Ministry of Ext Affairs (MEA), will be the at becoming the first woman to hold that post. She will succeed Dr M Suresh Kumar. abad The Secretariat of the Appointments Committee of the Cabinet announced the appointment Cees aa first ‘Sinha will assume charge on or after September 1 and her tenure will be till August 31, 2024. She succeeds Anil Kumar Lahoti. The Railway Board is the apex decision-making body for the national transporter. www.oliveboard.in 41QOelivevoard www.oliveboard.in Schemes The as notified the = noti feat a _ Centre will constitute a" ce market” to govern and oversee the functions of the market. Regulatory Commission (CERC) has been mandated to regulate the market The union government, through a a set upa carbon credit trading market in the country. Drafted by the Bureau of Energy Efficiency, a wholly owned subsidiary of the ministry of power, the scheme would entail formation of a “National Steering nical committee, an Accredited Carbon Verification Agency and the Central Electricity Regulatory Commission (CERC) as the carbon market regulator. The Grid Controller of India will be the registry for the Indian carbon market. Carbon credit means a value assigned to [Petar amine cee, “ and is equivalent to one ton of carbon dioxide equivalent. The "Iprarbon market emer means a national framework established with an objective to reduce or remove or avoid greenhouse gas emissions from the Indian economy by pricing the greenhouse gases emission through trading of carbon credit certificates. Bank of India (ol) has rolled out Mabila (Union Budget 2023-24, The scheme offers an interest rate of 7.5 per cent per ee the scheme, individual girls or women can open a Mahila Samman Savings Certificate, or a guardian can open an account on behalf of a minor girl. The account will mature after two years from the date of opening. Accounts under this scheme can be opened until March 31, 2025. As per the scheme, minimum investment is 1,000, any sum in multiples of joreover, up to », after on ing the account. TDS (Tax Deducted at Source) will not be deducted under the Bank of The Union Ministry of Home Affairs, has launched a ‘Scheme for Expansion and Mavlerization of ire Serdces inthe States’ from the earmarked allocation of www.oliveboard.in 47QOelivevoard www.oliveboard.in Preparedness and Capacity Building Funding Window under the National for strengthening ie States wih geal Bue OR + For seeking funds for the projects/proposals under the Scheme, the concerned St II ) total cost of such projects / proposals from their budgetary resources + The Scheme finds its origin from the recommendation of the Fifteenth Finance Commission (XV-FC) which allows an allocation of 12.5 percent of each of the National Disaster Response Fund (NDRF) and State Disaster Response Fund (SDRF) [10% of the total corpus of the National Disaster Risk Management Fund (NDRMF) and the State Disaster Risk Management Fund (SDRMF)] for the Funding Window of Preparedness and Capacity Building. . is set to construct its largest spectacle lens production facility with an investment of over s. + The construction of the facility will ‘commence next month on the land acquired two years ago. The expected completion date for the project is October 2024. + Zeiss aims to achieve sales of Rs 1,800 crore by the end of the current financial year and expects to double sales in less than six years. e ments th the : Fhe cli ity of inputs is determined by Union Home Minister and Minister of Cooperation Amit Shah inaugurated the National Megs Conclave on Farmer ‘Producer Organisation, FPO inthe cooperative sector and released the action plan for formation of 1,100 new FPOs by Primary Agricultural Credit Societies in New Delhi. The government has announced to set up ten thousand FPOs and the target is to achieve this by the year 2027. The Central government has allo lementing under Animal Husbandry Infrastructure Development Fund (AHIDF) to strengthen credit delivery system and facilitate smooth flow of credit to the MSME. www.oliveboard.in 48QOelivevoard www.oliveboard.in For operationalizing the scheme, DAHD has established a Credit Guarantee fund Trust ofpsayetme cere: which will . provide credit guarantee coverage up to 25% of the credit facilities extended to the MSMEs by the eligible lending institutions. . Key Features of AHIDF scheme: i % 2 e total project cost from any Scheduled Bank, National Cooperative Development Corporation (NCDC).. The establishment of credit guarantee fund trust was approved under thi Pr it Abhiyan stimul 100 : crores” Animal Husbandry Infrastructure Development Fund” (AHIDF) for incentivizing investments by individual entrepreneurs, private companies, MSMEs, Farmers Producers Organizations (FPOs) and Section 8 companies to establish (i) the dairy processing and value addition infrastructure, (ji) meat processing and value addition infrastructure, (iii) Animal Feed Plant, (iv) Breed Improvement technology and Breed Multiplication Farm (v) Animal Waste to Wealth Management (Agri Waste Management) and (vi) Setting up of Veterinary Vaccine and Drugs Manufacturing facilities. houses, around have been grounded for construction. Out of which 75.31 lakh have been completed. He said, during the last three years, 39.63 lakh houses have been completed. ‘The Ministry of Housing and Urban Affairs is implementing PMAY-U since 2015 to provide pucca houses with basic amenities to all eligible urban beneficiaries across the country. ses The product basket of Pradhan Mantri Bhartiya Janaushadhi Pariyojana has increased to 1,800 medicines and 285 Surgical equipment. These products are available at 50 to 90 percent lower prices compared to the market. The Chemicals and Fertilisers Ministry said, the Government has decided to open 10,000 Jan Aushadhi Kendras by the 31st of December this year in the country. A total of over 9,500 Jan Aushadhi Kendras have been opened across the country till last month. The Ministry said, in the last nine years, the number of Kendras has increased by 100 times and the sales have increased more than 170 times. The government informed the Rajya Sabha that around one crore 19 lakh houses have been sanctioned under Pradhan Mantri Awas Yojana- Urban, PMAY-U so far. In a written reply in the Rajya Sabha, Minister of State for Hor and Users . Kishore said that of the sanctioned www.oliveboard.in - Punjab is the leading beneficiary among states =a the Atmanirbhar Bharat Rojgar Yojana (ABRY), a scheme initiated by the Centre during the pandemic to give a fillip to formal employment. According to data, one in every five active Employees Provident Fund (EPF 49QOelivevoard subscribers in the state joined the workforce. + They were followed by beneficiaries in Himachal Pradesh (19.1 per cent), Rajasthan (18.9 per cent), Gujarat (15.4 per cent), and Madhya Pradesh (14.2 per cent). + However, Maharashtra (978,308), Tamil Nadu (817,315), Gujarat (643,573), and Karnatakaa (486,278) topped the list in terms of total number of beneficiaries under the scheme. + Launched in October 2020, ABRY aimed to incentivise employers for the creation of new jobs and the reinstatement of retrenched workers during Covid. Ooliveboard SBI &IBPS PO 2023 Champion Batch Prelims + Mains ue a ag www.oliveboard.in The central government may triple subsidy allocation fo purchases in the third edition of the Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicles in India (FAME) programme amid the rising popularity of EVs in India. Allocation for the FAME III scheme may jump to around'30,000 crore from'10,000 crore earmarked for the current FAME Il Cove ge ‘Coverage of Banking, Financial Awareness + ‘Current Affairs & Economy www.oliveboard.in 50QOelivevoard www.oliveboard.in Appointments & Resignations + Kameshwar Rao Kodavanti has taken over charge of chief financial officer of SExTa[ESTR(G Eng TaTISE Nth effect from 1 July 2023. + Kodavanti, a qualified Chartered Accountant (CA) has been working with SBI Since 1 August 1991 and has more than 31 years of experience in banking. : Mr. Kodavanti replaces Charanjit Surinder Singh Attra. + Debadatta Chand assumed charge as \g Director and Officer of ) with effect from July 1, 2023. + His appointment follows superannuation of Sanjiv Chadha from the service of the Bank on 30th June 2023 on completion of his tenor as Managing Director and CEO. : + The government has appointed Lt Gen M U Nair as the new National Cybersecurity Coordinator (NCSC). : + LtGen Nair, who assumed the role of the 28th Signal Officer-in-Chief in July 2022, brings with him experience and expertise in the field of cyber warfare, signal intelligence, and communication and information technology. + He is the third cyber security chief after . Lt Gen Rajesh Pant and ist chief Gulshan Rai. + Currently, the NCSC is actively engaged in updating and replacing the 2013 www.oliveboard.in | i National Cyber Security Strategy. The upcoming National Cyber Security Reference Framework (NCRF), which will replace the outdated strategy, will adopt 2 common but differentiated approach (cB0R). After a tenure spanning over 45 years that witnessed the creation of India's biggest financial services conglomerates, bs ‘on the eve of HDFC's monumental merger with HDFC Be ank. rd by German luxury carmaker has named Gernot Dollner, who heads Volkswagen Group's Product and Group Strategy, as its new CEO. He will take over from Markus Duesmann as Chairman of the Board of Management of Audi AG, effective September 1, 2023. Since 2021, he has overseen the Volkswagen Group's Product and Group Strategy and the General Secretariat. Google is set to appoint Sreenivasa as with an eye on tackling legal challenges and expanding hardware assembly in the country. 51QOelivevoard + Former India fast bowler Ajit Agarkar has been named chairman of selectors for ¥ rd ot contol for ccket nin (BC), + The Cricket Advisory Committee (CAC), consisting of Sulakshana Naik, Ashok Malhotra, and Jatin Paranjape, unanimously recommended Ajit Agarkar. + Agarkar will be the fifth member of the India men's selection panel, which already includes Shiv Sunder Das, Salil Ankola, Subroto Banerjee and Sridharan Sharath. + FPSB India is the Indian subsidiary of FPSB, the global standards-setting body for the financial planning profession and owner of the international Certified inancial Planner (CFP) certification program www.oliveboard.in + Rosneft, the Russian energy giant, has made a significant move towards enhancing trade ties with India by appointing a former Indian Oil Corporation (IOC) director to its board. GK Satish, who retired as IOC's director pee nt sr of 3 new members joining Rosneft's 11- member board of directors. + Igor | Sechin, CEO & chairman of Rosneft's board. . he Former Chief Justice of Madras and Haryana High Courts has been appointed as the new Chairman of the es, fora period of four-year term. + NCDRC is a quasi-judicial body created in 1988 under the Consumer Protection Act of 1986. + Its head office is in New Delhi. + The Reserve Bank of India (RBI) appointed P. Vastidevar ay execute is appointment is effective irom July 03, 2023. + He will look after Department of Currency Management, Corporate Strategy and Budget Department (Areas other than that of Budget & Funds) and Enforcement Department. + Chairman and Managing Director of Satya vu ga, Nan Lal ‘Sharma has assumed the additional charge of chairman of Bhakra Beas + He has been hea‘ n and Managing Director since December 2017. + Sharma has played a key role in expanding the project portfolio of SIVN from around 5,200 MW in 2017 to 54,327 MW at present. www.oliveboard.in 52QOelivevoard + The government announced the appointment of K Rajaraman as the next see + His appointment is for a period of three years. He succeeds the first IFSCA Chairperson Injeti Srinivas who led the authority since 2020. + At present, the GIFT IFSC is the maiden international financial services centre in India. + IFSCA was set up in April 2020 under the International Financial Services Centres Authority Act, 2019, at GIFT City, Gandhinagar in Gujarat. IFSCA is a unified authority for the development and regulation of financial products, financial services and financial institutions in the International Financial Services Centre (IFSC). Prior to the establishment of IFSCA, RBI, SEBI, PFRDA and IRDA\ regulated the business in IFSC. EEE Chakravarty as Managing Director and r ae Rama Mohan Rao Amara, who will cease to be MD from August 11. + Chakravorty's appointment would be effective from August 12 for a period of two years. + ITC Ltd's board has recommended the re-appointment of Sav Puras the www.oliveboard.in n & ra period of 7 effective 22 July, 2024. Puri, 60, was appointed as chief executive officer in February 2017 and re-designated as the managing director in May 2018. Ritesh Chauhan (IAS) has been appointed as Managing Director (MD) of th e AFED an ape organisation of marketing cooperatives for agricultural produce in India, National Agricultural Cooperative Marketing Federation of India Ltd. The Central government cleared the appointment of in as judg The Supreme Court Collegium had recommended their elevation to the top court on July 5. Justice Bhuyan is currently serving as the Chief Justice of the Telangana High Court while Justice Bhatt is the Chief Justice of Kerala High Court. S01 capita Marts s01aPs) snowed pane oa Siete ne Ofhey of te wtoly www.oliveboard.in 53QOelivevoard www.oliveboard.in owned subsidiary and investment banking arm. Sinha takes over from Amitava Chatterjee, who will now serve as Deputy Managing Director in charge of Commercial Clients Group at SBI's Corporate Centre. . is a wholly owned of State Sumaer . Headquartered in + Ms. Nivruti Rai joined as the Managing Director & CEO of Invest India on July 12, 2023. + She has taken over the charge from Ms. Manmeet K Nanda, Joint Secretary, Department for Promotion of Industry and Internal Trade (DPIIT) who had assumed this additional charge of MD & CEO ad-interim in March 2023 + Invest india is the National Investment 7 set up as a non-profit venture under the aegis of Department of Industrial Policy & Promotion, Ministry of Commerce and Industry, Government of India. . has been appointed as the } ofan econ + The Indian Coast Guard came into being on Ost Feb 1977 with a fleet strength of just seven ships for surveillance in the Indian waters and the Exclusive Economic Zone, + The Indian Coast Guard was formally augrated by th r (SHEIMorariDasaion 19th Aug W578. www.oliveboard.in + V.A.Kamath, the first Director General of Indian Coast Guard. + Admiral Lisa Franchetti has become first woman in history to serve as the Chief of Naval Operations and member of Joint Chiefs of Staff. + Franchetti, who is currently serving as the vice chief of naval operations, was commissioned in 1985 and has served as the commander of US Naval Forces Korea, She is the second woman ever to achieve the rank of four-star admiral in the United State + Ina statement on Friday, US Presiden Joe Biden said Lisa Franchetti will bring dedicated service to the nation as a commissioned officer, including her current role of Vice Chief of Naval Operations. + Justice Alok Aradhe has taken oath as the Chief Justice of Telangana High Court at 2 ceremonial programme held at Raj Bhavan in Hyderabad this morning. + State Governor Dr. Tamilisai Soundararajan has administered the cath of office to the new Chief Justice in the presence of Chief Minister K Chandrashekar Rao. Earlier, Justice Alok Aradhe served as Judge in Karnataka and Madhya Pradesh High Courts. . has been appointed again as the Tata Steel's Chief Executive Officer & Managing Director for a 54QOelivevoard period of five years effective September 19, 2023. + His present tenure as CEO & MD will conclude on September 18, 2023, Tata : Steel said in a regulatory filing. + Tata Steel, Founded: 25 August 1907, Jamshedpur. + Automobile major Tata Motors has announced the appointment of Rajesh Kannan as the President and Chief : Digital and Information Officer (CDIO). Kannan is presently working with Tata Consultancy Services (TCS) Limited. + He will be moving from TCS to Tata Motors, to take up his new role as. President and CDIO from August 1st. : + Asian Paints announced that its board approved the appointment of R Seshasayee, as the chairman of the board and the company, with effect from October 1, 2023. He will continue to hold the position till January 22, 2027. + Seshasayee will replace Deepak Satwalekar, whose term ends on September 30 + Seshasayee was the managing director of Ashok Leyland Limited from 1998 to 7 2011, the Executive Vice Chairman from 2011 to 2013 and the Non-Executive Vice Chairman from 2013 to 2016. www.oliveboard.in www.oliveboard.in Tata Consultancy Services Ltd. has appoint: new chief recmoloy oer. replacing noth Krishnan who retires from India's largest IT services firm in October. Vin, a TCS fellow and chief services innovation officer, has been with the Tata Group company since July 2005, when he joined asa vice president and chief scientist. K. Krithivasan is the Chief Executive Officer and Managing Director of TCS. Shivendra Nath is set to be next Chairman & Managing Director (CMD) of Engineering Projects (India) Ltd. a PSU under the Ministry of Heavy Industries & Public Enterprises. He has been recommended for the post by the Public Enterprises Selection Board (PESB) panel. Presently, Nath is serving as Senior General Manager in Bharat Sanchar Nigam Limited (BSNL). Former director-in-charge of the National institute of Technology - Tiruchi G. Kannabiran has been appointed as the 55