Daily PIB 12th May 2023

• Baralacha La Pass: It is a high mountain pass located along the Leh-Manali highway that connects Leh district in Ladakh and Lahaul district in Himachal Pradesh.It is situated in the Zanskar range.It lies close to River Bhaga, which originates from the Surya Taal Lake & is a tributary of the River Chenab.Elevation: It is located at the height of 16,040 feet above the sea level and is one of the highest motorable passes in India.It also finds mention in Rudyard Kipling’s celebrated novel ‘Kim’, wherein the source of the Suraj Tal is used by the novel’s character Lama to enter into India from Tibet. 

• Border Roads Organisation (BRO): It  is a road construction executive force in India that provides support to Indian Armed Forces. It was formed on 7 May 1960 to secure India’s borders and develop infrastructure in remote areas of the north and north-east states of the country.The organisation motto is Shramena Sarvam Sadhyam  (everything is achievable through hardwork).BRO develops and maintains road networks in India’s border areas and friendly neighboring countries.This includes infrastructure operations in 19 states and three union territories (including Andaman and Nicobar Islands) and neighboring countries such as Afghanistan, Bhutan, Myanmar, Tajikistan and Sri Lanka.Officers and personnel from the General Reserve Engineer Force (GREF) form the parent cadre of the BRO.

It is also staffed by Officers and Troops drawn from the Indian Army’s Corps of Engineers on extra regimental employment (on deputation).

• Global Report on Internal Replacement 2023: It is released by the Norwegian Refugee Council’s Internal Displacement Monitoring Centre (IDMC).Internal displacement refers to people forced to move inside their own borders and the Internal Displacement Monitoring Centre’s report didn’t take into account those who left for different countries.

Highlights of the 2023 Report: The number of internally displaced people (IDPs) around the world reached 71.1 million as of the end of 2022, an increase of 20 per cent from the previous year. Of the total disaster displacement, 98 per cent were triggered by weather-related events like floods and storms.India recorded the fourth largest disaster displacement, with 2.5 million displacements. 

Pakistan had the highest number of disaster displacements in the world in 2022, at 8.16 million.

• C-PACE (Centre for Processing Accelerated Corporate Exit): Ministry of Corporate Affairs (MCA) recently established C-PACE, or Centre for Processing Accelerated Corporate Exit, to bring efficiency into the strike off process of companies.C-PACE has been set up to centralise the process of striking off companies from the MCA Register.It is located at the Indian Institute of Corporate Affairs in Gurgaon.

C-PACE will be in operation through the Registrar of Companies (RoC) for the purposes of exercising functional jurisdiction of processing and disposal of applications. It will work under the supervision of the Director General of Corporate Affairs (DGCoA). C-PACE will reduce the burden on the registry and provide stakeholders with hassle-free filing, timely and process-bound striking off of their company’s names from the register.

It is part of MCA’s efforts towards ease of doing business and ease of exit for companies.