CA - 7 Flashcards
What is the purpose of the new Uniform Code for Pharmaceutical Marketing Practices (UCPMP) 2024?
To curb unethical behavior in the promotion of drugs by pharmaceutical companies.
What new requirement does the code have for pharmaceutical associations?
To establish ethics committees (3-5 members) to oversee marketing practices and address grievances.
What is the time limit for filing an appeal with the ACPMP?
Typically 15 days, with an additional 15 days allowed for exceptional circumstances with written justification.
What is the estimated population of golden langurs in India as per the latest survey?
7,396 individuals
Which organizations collaborated on the recent golden langur population survey?
Primate Research Centre NE India (PRCNE), Assam Forest Department, Bodoland Territorial Council, Salim Ali Centre for Ornithology and Natural History (SACON), and Conservation Himalayas.
Where is the entire distribution range of the golden langur (Trachypithecus geei) found in India?
Manas Biosphere Reserve and fragmented forests in western Assam.
How does the current population estimate compare to the previous one (2008-09)?
The current estimate shows an increase. Approximately 1,396 more golden langurs were found compared to 2008-09.
What is the IUCN Red List status of the golden langur?
Endangered
What unique initiative did the Election Commission of India (ECI) undertake to promote voter education and inclusivity?
Organized an exhibition cricket match between the Indian Deaf Cricket Association (IDCA) and the Delhi & District Cricket Association (DDCA).
When and where was the cricket match held?
at Karnail Singh Stadium in New Delhi.
Besides the cricket match, what other step did the ECI take to promote inclusivity in the upcoming elections?
Announced Ms. Sheetal Devi, a Para-archer and Arjuna Awardee, as the National PwD Icon.
What is the name of the joint military exercise between India and Seychelles?
LAMITIYE-2024
What does the name “LAMITIYE” mean?
Friendship (in Creole language)
How often is the LAMITIYE exercise held?
Biennially (once every two years)
Where is LAMITIYE-2024 taking place?
Seychelles
How were the new Election Commissioners chosen?
Through a Selection Committee including the Prime Minister, Home Minister, and Leader of the Opposition in Lok Sabha (first under the new Act).
Who are the new Election Commissioners?
Gyanesh Kumar (retired IAS officer) and Sukhbir Singh Sandhu (retired IAS officer)
What is the government’s vision for transforming Fair Price Shops (FPS) in India?
Align them with Prime Minister’s vision of Kushal Bharat (skilled India), Viksit Bharat (developed India), and Digital India.
MoU between DoF&PD and the Ministry of Skill Development and Entrepreneurship (MSDE).
To address skill development gaps of FPS dealers, particularly in digital literacy, finance, and business skills for adapting to market changes and exploring new opportunities.
MoU between DoF&PD and SIDBI.
To provide working capital assistance to FPSs through a user-friendly digital solution via SIDBI’s GST Sahay app. This will enable FPSs to operate on a credit model for selling non-PDS items.
Give an example of another recent initiative by the Department of Food and Public Distribution related to FPSs.
Launching a pilot project to integrate FPSs with the Open Network Digital Commerce (ONDC) platform.
What is the purpose of the contract signed between the Ministry of Defence and Hindustan Aeronautics Limited (HAL)?
Mid-life upgrade (MLU) of 25 Dornier 228 maritime patrol aircraft for the Indian Navy.
What is the estimated cost of the Dornier 228 MLU program?
₹2890 crore
What will the MLU focus on upgrading for the Dornier aircraft?
State-of-the-art avionics systems and primary role sensors.
What is the timeline for completing the MLU project?
: Within six and a half years.
What is the significance of integrating the KCC Fisheries scheme with the JanSamarth Portal?
It provides a revolutionary step for easier access to credit facilities for fishers and fish farmers in India.
What is the JanSamarth Portal?
A unique online platform connecting lenders directly with beneficiaries for loans under various government schemes.
JanSamarth Portal launched by?
Prime Minister Narendra Modi
When was the KCC scheme introduced, and on whose recommendation?
Introduced in 1998on the recommendation by R.V. Gupta of NABARD.
How has the KCC scheme evolved over time?
Initially for agriculture, it was extended to cover investment credit needs (2004) and later to fisheries and animal husbandry (2018-19).
Which banks can participate in the KCC scheme?
Commercial banks, Regional Rural Banks (RRBs), Small Financial Banks, and Cooperative banks.
What are the credit limits and interest rates for KCC Fisheries on JanSamarth Portal?
Existing KCC holders: Up to Rs. 3 lakh with interest subvention and prompt repayment incentive.
New card holders: Rs. 2 lakh credit limit for fisheries working capital requirements.
Lending rate: 7% with 2% government interest subvention and an additional 3% incentive for prompt repayment.
What is the purpose of the MoU signed between REC Power Development and Consultancy Limited (RECPDCL) and BHEL?
Collaboration to develop utility-scale renewable energy projects in India.
What is the minimum size for a project to be considered “utility-scale” for renewable energy?
10 MW or more
How will the collaboration between RECPDCL and BHEL work?
They will establish a special purpose vehicle (SPV) to develop renewable energy projects specifically for supplying electricity to power distribution companies (discoms).
What is the initial target capacity for the SPV’s projects, and which segment will it aim to serve?
: Initial capacity of 1 GW focused on catering to the energy requirements of the commercial and industrial (C&I) sector, with plans for further expansion.
MoU between Ministry of Rural Development and Bharat Financial Inclusion Limited (BFIL)
To support the livelihood intervention program Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM) by collaborating on livestock and fisheries development.
How will the MoU facilitate collaboration on DAY-NRLM?
By establishing Project Monitoring Units (PMUs) to coordinate activities and strengthen Pashu Sakhis (village-level workers) for animal healthcare and IT-enabled support systems.
What is the initial phase of collaboration between Ministry of Rural Development and Bharat Financial Inclusion Limited focused on ?
Setting up a central PMU at the national level and state-level PMUs in Maharashtra, Madhya Pradesh, Jharkhand, Uttar Pradesh, Rajasthan, Tamil Nadu, and Bihar.
How will PMUs support DAY-NRLM?
By including specialists in relevant fields (e.g., livestock) and market linkages to assist the program.
How will BFIL strengthen Pashu Sakhis under the MoU?
By providing them with training and resources to offer basic animal healthcare support to livestock.
What other areas of intervention are included in the MoU?
Livestock cluster facilitation, developing an IT ecosystem, and providing veterinary care and support to DAY-NRLM Self Help Group (SHG) households.
What is the purpose of the MoU signed between the Ministry of Rural Development (MoRD) and J-PAL South Asia?
To promote inclusive development and empower rural poor women towards self-sufficiency
How will J-PAL South Asia support MoRD?
By acting as a knowledge partner on inclusive development and encouraging the use of data and evidence-based decision making.
What specific initiative will be undertaken by MoRD and J-PAL South Asia?
Establishing a Gender Impact Lab to conduct research and promote data use within the Deendayal Antyodaya Yojana National Rural Livelihoods Mission (DAY-NRLM) for women-led development.
Briefly describe the DAY-NRLM program.
One of the world’s largest community mobilization efforts focusing on rural women. It has organized over 10.04 crore women into more than 90.76 lakh self-help groups and promotes financial inclusion, digital literacy, sustainable livelihoods, and social development, ultimately aiming to empower these women.
J-PAL South Asia’s previous work related to women’s empowerment?
J-PAL South Asia, along with Bandhan-Konnagar, has been collaborating with the Government of Bihar to expand the Satat Jeevikoparjan Yojana (SJY), which aims to support 200,000 women-headed households by 2024. [financial and non-financial support to achieve economic self-sufficiency.]
What is the total value of the waterways projects approved by India’s Shipping Ministry for the Brahmaputra River in Assam?
₹645 crore
What is the main goal of these projects?
Boost river tourism in Assam along the Brahmaputra River (National Waterways 2)
How will the central government support these projects?
By providing 100% financial assistance for the development of terminals and riverine infrastructure.
How does this project fit into the Maritime India Vision (MIV
It aligns with MIV’s goals of expanding port infrastructure, developing mega ports, and increasing the share of Inland Water Transport (IWT) to 5% by 2030.
How has the government supported waterway development in the North Eastern Region (NER) in recent years?
By increasing the number of operational waterways from one in 2014 to 20 in the NER, with a total investment of ₹1,040 crore.
Briefly describe the Indo-Bangladesh Protocol (IBP) route and its significance
The IBP route is a joint project between India and Bangladesh that provides an alternative connection for North-eastern states to Kolkata and Haldia ports. It includes developing the Sirajganj-Diakhowa route on the Jamuna River and the Ashuganj-Zakiganj segment on the Kushiyara River, which will connect to the Brahmaputra and Barak rivers (NW-16).
What is the purpose of the MoU signed between India and Singapore?
To boost cooperation on legal matters, specifically focusing on international commercial dispute resolution.
What event did Prime Minister Modi of India and Prime Minister Jugnauth of Mauritius participate in together?
Joint inauguration of a new airstrip, St. James Jetty, and six community development projects on Agalega Island in Mauritius.
What other recent developments have strengthened the India-Mauritius partnership?
The launch of UPI and RuPay Card services in Mauritius on February 12, 2024.
How does the Jan Aushadhi Scheme benefit Mauritius? [250 high-quality medicine]
Mauritius is the first country to adopt this scheme, allowing them to source affordable, high-quality medicines from India, benefiting their citizens and promoting India-Mauritius cooperation in healthcare. [ Product basket of PMBJP comprises 1965 drugs and 293
surgical items. ]
What has the Ministry of Finance introduced to promote digital payments?
The Ministry of Finance, Department of Financial Services, has introduced an incentive scheme for the fiscal year 2023-2024.
The scheme promotes widespread adoption of RuPay Debit Cards and low-value BHIM-UPI (Person to Merchant) transactions.
Describe the goals of the digital payments incentive scheme.
Incentivize banks, payment system operators, and app providers to promote RuPay Debit Card and low-value BHIM-UPI (P2M) transactions (up to Rs 2,000).
Build a strong digital payments ecosystem that reaches various sectors and demographics
How are the incentives for the digital payments scheme structured?
Incentives are given quarterly based on the value of transactions.
The scheme has a financial outlay of Rs 3,500 Crore, with separate amounts for RuPay Debit Cards and BHIM-UPI.
What is the financial breakdown of the digital payment incentive scheme?
Total outlay: Rs 3,500 Crore
RuPay Debit Card allocation: Rs 500 Crore
BHIM-UPI allocation: Rs 3,000 Crore
How are incentive rates determined for the digital payments scheme?
Back:
General transactions:
RuPay: 0.40%, capped at ₹100
BHIM-UPI: 0.25%
Industry-specific programs may have lower rates.
Who will oversee the implementation of the digital payments incentive scheme?
The Department of Financial Services, working with the National Payment Corporation of India (NPCI), will provide detailed operational guidelines.
What is the scope of the digital payments incentive scheme?
Applies to banks operating in India.
Focuses on transactions made within the country.
What is BHIM-UPI Lite?
[Introduced in September 2022 by the National Payments Corporation of India (NPCI).]
Small, offline payments: Faster payments for everyday purchases (Rs. 200 limit). Stores money on phone for offline use.
What is BHIM-UPI LiteX?
Enhanced offline payments: BHIM-UPI LiteX, a more recent innovation building on UPI Lite, uses NFC for offline transactions (up to Rs. 500). Its launch date is yet to be announced.
What is “UPI Conversational Payments - Hello! UPI”?
Voice-based UPI payments: Introduced in 2022, UPI Conversational Payments (“Hello! UPI”) allows users to initiate and complete UPI transactions using voice commands.
Language support: Supports multiple regional languages, improving accessibility for a wider user base.
Useful for: People who are less comfortable with typing or navigating complex interfaces on smartphones.
What is BHIM UPI 123PAY?
UPI for feature phones: Launched in August 2021, BHIM UPI 123PAY allows UPI transactions on basic mobile phones without internet.
Four ways to pay:
Missed call-based initiation
IVR (Interactive Voice Response) interface
Feature phone app
Proximity sound-based payments
Promotes financial inclusion: Brings digital payments to wider populations who lack smartphones or internet.
Who can now issue prepaid instruments for public transport payments?
Banks and non-banks can now manage prepaid payment instruments for public transport systems, according to the RBI.
What is the key change for National Common Mobility Cards (NCMC)?
The RBI now allows issuing NCMC cards with a limit of ₹3,000 without Know Your Customer (KYC) requirements.
What is the current status of NCMC card issuance?
Around 200 million NCMC cards are issued, but usage remains limited.
What approval did National Payments Corporation of India (NPCI) grant to One97 Communications (Paytm)?
: NPCI approved One97 to participate on the UPI platform as a Third-Party Application Provider (TPAP) under the multi-bank model
What does the multi-bank model for TPAPs signify?
Paytm can now partner with multiple banks (PSPs) to facilitate UPI transactions, instead of relying on a single bank.
Which banks will act as PSP (payment service provider) banks for Paytm under the new model?
Axis Bank, HDFC Bank, State Bank of India, and Yes Bank will be Paytm’s PSP banks.
What additional role will Yes Bank play for Paytm’s UPI transactions?
Yes Bank will also be the merchant acquiring bank for Paytm’s existing and new UPI merchants. This means “@Paytm” UPI handles will be routed through Yes Bank for merchant transactions.
Why did NPCI mandate the multi-bank model for large TPAPs?
NPCI guidelines require large TPAPs (processing over 5% of UPI volume/value) to use a multi-bank model to reduce risks and improve the UPI ecosystem’s stability.
How was Paytm’s performance in the UPI market before the multi-bank approval?
Paytm’s UPI transactions and market share had been declining steadily in the months leading to the multi-bank approval (10.8% volume share in Feb 2024 compared to 13% in Dec 2023). The multi-bank model might help Paytm regain its position in the market.
What was the share of private sector banks in total deposits in India according to December 2023 RBI data?
34%