Category: SSC

In this article, we will discuss IBC. So, let’s get started.

IBC

• Insolvency and Bankruptcy Code, 2016 is considered as one of the biggest insolvency reforms in the economic history of India.
• This was enacted for reorganization and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner for maximization of the value of assets of such persons.

In this article, we will discuss Vostok 2022. So, let’s get started.

Vostok 2022

• About: The Vostok 2022 is a multilateral strategic and command exercise scheduled to take place at seven firing ranges in the Russian Far East and the Sea of Japan, with over 50,000 troops and more than 5,000 weapons units taking part.
• It will involve troops from several ex-Soviet nations, China, India, Laos, Mongolia, Nicaragua and Syria.
• Japan’s Objection: Japan has objected to Russia’s plan to hold the maritime component of Vostok-2022 close to Northern Territories- Southern Kuril Islands, claimed by both Japan and Russia.
• Stand of India: India abstained from sending its warships as part of the exercise, as it decided to stay away from the maritime component of Vostok-2022 in order to avoid hurting the sensitivity of Japan.
• However, India kept a balanced stand as the Indian Army’s contingent of the Gorkha Regiment is participating in the military drills.

In this article, we will discuss DFCCIL. So, let’s get started.

Dedicated Freight Corridor Corporation of India Ltd.

• DFCCIL under the Ministry of Railways is a special purpose vehicle tasked with planning and completion of 3,306 kms of DFCs.
• It is headquartered in New Delhi and is a Public Sector Undertaking (PSU).
• It engages in the planning and development, deployment of monetary resources, building, upkeep, and the operation of the DFCs.

In this article, we will discuss Benefits of DFC. So, let’s get started.

Benefits of DFC

• Logistics costs will be reduced.
• Higher energy efficiency.
• Faster movement of goods.
• It is environmentally friendly.
• It will provide ease of doing business.
• Helps in generating more employment.

In this article, we will discuss Significance of DFC. So, let’s get started.

Significance of DFC

• Increased Capacity:
• The DFC shall reform the transportation sector and will create more capacity on trunk routes of Indian Railways as goods trains shall be able to run freely on DFC without any restrictions imposed by movement of passenger trains.
• Decongestion:
• Around 70% of the freight trains currently running on the Indian Railway network are slated to shift to the freight corridors, leaving the paths open for more passenger trains.
• Business Generation:
• Tracks on DFC are designed to carry heavier loads than most of Indian Railways. DFC will get track access charge from the parent Indian Railways, and also generate its own freight business.
• Punctuality:
• The new section means on the Indian Railway main line, more passenger trains can be pumped in and those trains can, in turn, achieve better punctuality.

In this article, we will discuss Dedicated Freight Corridor. So, let’s get started.

Dedicated Freight Corridor (DFC)

• It is a high speed and high capacity railway corridor that is exclusively meant for the transportation of freight, or in other words, goods and commodities.
• DFC involves the seamless integration of better infrastructure and state of the art technology.
• DFC consists of two arms:
• Eastern Dedicated Freight Corridor (EDFC):
• It starts at Sahnewal (Ludhiana) in Punjab and ends at Dankuni in West Bengal.
• The EDFC route has coal mines, thermal power plants and industrial cities. Feeder routes are also being made for these.
• The EDFC route covers Punjab, Haryana, Uttar Pradesh, Bihar, Jharkhand and West Bengal
• The World Bank is funding a majority of the EDFC.
• The 351-km-long ‘New Bhaupur-New Khurja section’ will decongest the existing Kanpur-Delhi main line and double the speed of freight trains from 25 kmph to 75 kmph.
• Western Dedicated Freight Corridor (WDFC):
• The other arm is the around 1,500-km WDFC from Dadri in Uttar Pradesh to Jawaharlal Nehru Port Trust in Mumbai, touching all major ports along the way.
• The WDFC covers Haryana, Rajasthan, Gujarat, Maharashtra and Uttar Pradesh.
• It is being funded by the Japan International Cooperation Agency.
• Connecting Link for Eastern and Western Arm: It is under construction between Dadri and Khurja.
• The industrial corridor of Delhi-Mumbai and Amritsar-Kolkata are also being developed around both these DFCs.

In this article, we will discuss India-Japan Economic Relations. So, let’s get started.

India-Japan Economic Relations

• India and Japan have had a long and fruitful history of bilateral development cooperation since 1958.
• In the last few years, the economic cooperation between India and Japan has strengthened and grown into strategic partnership.
• Japan was the 4th largest investor for India in FY2019.
• India has been the largest recipient of Japanese ODA Loan for the past decades. Delhi Metro is one of the most successful examples of Japanese cooperation through the utilization of ODA.
• Further, Japan continues to cooperate in supporting strategic connectivity linking South Asia to Southeast Asia through the synergy between ”Act East” policy and ”Partnership for Quality Infrastructure.”

In this article, we will discuss State of India’s Relations with Japan. So, let’s get started.

State of India’s Relations with Japan

• Defense Ties: India-Japan Defence and Security partnership has evolved over the years from bilateral and multilateral exercises including Dharma Guardian and Malabar respectively. And welcoming the participation of Japan for the first time in exercise MILAN.
• Tri-Service Exchanges between Japan and India have been institutionalized completing the triad. Coast Guards have had regular annual exchanges since 2006. Including, Japan and India Vision 2025 Special Strategic and Global Partnership – working together for peace and prosperity of the indo-pacific region and the world.
• Economic Ties: A test of the reliability of Japan as a friend was witnessed in 1991 when Japan was among the few countries that bailed India out of the balance of payment crisis.
• In recent years, the economic relationship between Japan and India has steadily expanded and deepened. The volume of trade between the two countries has increased. Japan was the 12th largest trading partner for India in 2020.
• Also, direct investment from Japan to India has increased, and Japan was the 4th largest investor in India in FY2020.
• Health-Care: In view of the similarities and synergies between the goals and objectives of India’s AYUSHMAN Bharat Programme and Japan’s AHWIN, both sides had been consulting with each other to identify projects to build the narrative of AHWIN for AYUSHMAN Bharat.
• Investment and ODA: India has been the largest recipient of the Japanese Official Development Assistance(ODA) Loan for the past decades. Delhi Metro is one of the most successful examples of Japanese cooperation through the utilization of ODA.
• India’s Western Dedicated Freight Corridor (DFC) project is funded by a soft loan provided by Japan International Cooperation Agency under Special terms for economic partnership (STEP).
• Besides, Japan and India had committed to build a High-Speed Railways in India by introducing Japan’s Shinkansen System.
• India Japan Nuclear Deal 2016 will help India build the six nuclear reactors in southern India, increasing nuclear energy capacity ten-fold by 2032.

In this article, we will discuss KUSUM Scheme. So, let’s get started.

KUSUM Scheme

It seeks to provide:

• Installation of grid-connected solar power plants each of capacity up to 2 MW in the rural areas.
• Installation of standalone off-grid solar water pumps to fulfil irrigation needs of farmers not connected to the grid.
• Solarization of existing grid-connected agriculture pumps to make farmers independent of grid supply and also enable them to sell surplus solar power generated to DISCOMs and get an extra income.
• Solarization of tube-wells and lift irrigation projects of the Government sector.