Daily Current Affairs 04 June 2020 With Video Lecture

Cabinet approves establishment of Pharmacopoeia Commission for Indian Medicine & Homoeopathy The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi has given its approval to re-establish Pharmacopoeia Commission...

Chetan Apurav
June 4, 2020
1,329

Cabinet approves establishment of Pharmacopoeia Commission for Indian Medicine & Homoeopathy

The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi has given its approval to re-establish Pharmacopoeia Commission for Indian Medicine & Homoeopathy (PCIM&H) as Subordinate Office under Ministry of AYUSH by merging into it Pharmacopoeia Laboratory for Indian Medicine (PLIM) and Homoeopathic Pharmacopoeia Laboratory (HPL)- the two central laboratories established at Ghaziabad since 1975.
Presently, Pharmacopoeia Commission for Indian Medicine & Homoeopathy (PCIM&H) is an autonomous body under the aegis of Ministry of AYUSH established since 2010.
The merger is aimed at optimizing the use of infrastructural facilities, technical manpower and financial resources of the three organizations for enhancing the standardization outcomes of Ayurveda, Siddha, Unani and Homoeopathy drugs towards their effective regulation and quality control.
This merger will facilitate focused and cohesive development of standards of AYUSH drugs and publication of pharmacopoeias and formularies. It is also intended to accord legal status to the merged structure of PCIM&H and its laboratory by virtue of making necessary amendment and enabling provisions in the Drugs & Cosmetics Rules, 1945.
Department of Expenditure, Ministry of Finance has concurred the proposal of realigning the posts and hierarchical structure of the merged organisations.
PLIM & HPL being the subordinate offices and PCIM&H- an autonomous organization under Ministry of AYUSH are going to be merged to establish PCIM&H, as a subordinate office of the Ministry with a common administrative control.

Govt. Approves “Empowered Group of Secretaries & Project Development Cells”

The Union Cabinet under the leadership of Hon’ble Prime Minister Shri Narendra Modi has given its approval for setting up of an “Empowered Group of Secretaries (EGoS) and Project Development Cells (PDCs) in Ministries/Departments of Government of India for attracting investments in India”. This new mechanism will reinforce India’s vision of becoming a US$ 5 trillion economy by 2024-25.
Government is determined to put in place an investment friendly ecosystem that strongly supports the domestic investor as well as FDI and will boost the economy manifold. DPIIT proposes strategic implementation of an integrated approach that will eventually bring about synergies between Ministries/Departments and among the Central and State Governments in our investment and related incentive policies.
Objectives of EGoS:
- To bring synergies and ensure timely clearances from different departments and Ministries.
- To attract increased investments into India and provide investment support and facilitation to global investors.
- To facilitate investments of top investors in a targeted manner and to usher policy stability & consistency in the overall investment environment.
- To evaluate investments put forward by the departments based on their (i) project creation (ii) actual investments that come. Further, these departments would be given targets for completion of various stages by the Empowered Group.
PDC will have the following objectives:
- To create projects with all approvals, land available for allocation and with the complete Detailed Project Reports for adoption/investment by investors.
- To identify issues that need to be resolved to attract and finalise the investments and put forth these before the Empowered Group.

Union Power Minister launches pan-India Real Time Market in electricity

Shri R. K. Singh, the Minister of State (IC) Power and New & Renewable Energy & Minister of State (Skill Development and Entrepreneurship), launched pan-India Real Time Market in electricity through video conference in New Delhi, on 03rd June, 2020. This has placed Indian electricity market amongst a league of few electricity markets in the world, which have real time market.
While speaking at the event, the Power minister highlighted that real time market is an organized market platform to enable the buyers and sellers pan-India to meet their energy requirement closer to real time of operation. Introduction of real time market will bring required flexibility in the market to provide real time balance while ensuring optimal utilization of the available surplus capacity in the system. It will also help manage diversity in the demand pattern in the country with an organized market at national level.
Real time market would be for every 30 minutes in a day based on double sided closed auction with uniform price. The concept of “Gate Closure” has been introduced for bringing in the desired firmness in schedules during the hours of market operation. Buyers/sellers shall have the option of placing buy/sell bids for each 15-minute time block. The proposed real time market would provide an alternate mechanism for Discoms to access larger market at competitive price. On the other hand, generators would also benefit by participating in the real time market with their un-requisitioned capacity. A mechanism has been provided for generators having long-term contract and participating in this market to share the net gains with the Discoms. National Load Despatch Centre-POSOCO is facilitating necessary automation in coordination with power exchanges to ensure faster transactions and settlements in the real time market framework.

Govt. to boost infrastructure in areas along China border

MHA has decided to spend 10% funds of a Centrally sponsored scheme only on projects in Ladakh, Arunachal Pradesh, Himachal Pradesh, Uttarakhand, and Sikkim.
The Border Area Development Programme (BADP) has been allocated ₹784 crore in the 2020-21 fiscal year for the states and UTs.

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