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DAILY PIB 3rd March 2023

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    DAILY PIB 3rd March 2023

    Nano Urea:It is a nanotechnology-based revolutionary Agri-input that provides nitrogen to plants.It is developed and patented by the Indian Farmers Fertiliser Cooperative Limited (IFFCO).IFFCO Nano Urea is the only nano fertilizer approved by the GoI and included in the Fertilizer Control Order (FCO).

    Features: Compared to conventional urea prill, Nano Urea has a desirable particle size of about 20-50 nm and more surface area and number of particles.It contains 4.0 % total nitrogen.

    Benefits: It is produced by an energy-efficient, with less carbon footprints.It is expected to improve crop productivity, soil health.

    IFFCO: It is India’s largest multi-state cooperative society that is entirely owned by Indian cooperatives.IFFCO is primarily engaged in the production and distribution of fertilizers.Headquarters: New Delhi, India.

     

    Dhara initiative:During its yearlong activities, it has been successful in creating public awareness, and stakeholder participation and helped to devise a framework for the promotion and revival of multiple domains of Indian Knowledge Systems. The programme was conceptualized as a series of lectures and discussions dedicated to specific areas of inquiry highlighting India’s civilizational achievements.The Indian Knowledge Systems (IKS) Division of the Ministry of Education located at AICTE, New Delhi is the key execution partner for Dhara events. Nodal Ministry: Ministry of Culture.

     

    SAMARTH Scheme: Samarth (Scheme for Capacity Building in Textiles Sector) is a demand-driven and placement-oriented umbrella skilling programme.The implementation period of the scheme is up to March 2024.It aims to incentivize and supplement the efforts of the industry in creating jobs in the organized textile and related sectors, covering the entire value chain of textiles, excluding Spinning and Weaving.It also caters to the upskilling/ re-skilling requirement of the traditional textile sector such as handloom, handicraft, silk and jute.

    Nodal Ministry: Ministry of Textiles.

     

    Sovereign Gold Bonds Scheme:The SGB scheme was launched in November 2015 with an objective to reduce the demand for physical gold and shift a part of the domestic savings into financial savings.The Gold Bonds are issued as GoI Stock under the Government Securities (GS) Act, 2006.These are issued by the RBI on behalf of the GoI. Eligibility: The bonds are restricted for sale to resident individuals, Hindu Undivided Families (HUFs), trusts, universities and charitable institutions.

    Features: Gold bond prices are linked to the price of gold of 999 purity (24 carats). Gold bonds can be purchased in the multiples of one unit, up to certain thresholds for different investors.Minimum permissible investment is 1 gram of gold.

    The gold bonds come with a maturity period of eight years, with an option to exit the investment after the first five years. A fixed rate of 2.5% per annum is applicable on the scheme, payable semi-annually.The interest on Gold Bonds shall be taxable as per the provision of Income Tax Act, 1961.Bonds can be used as collateral for loans.The capital gains tax arising on redemption of SGB to an individual has been exempted.

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