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GS Paper: GS3

  • SMART-PDS: The Transformative Potential Beyond Food Security

    Central Idea

    • India’s National Food Security Act, 2013 (NFSA) governs the largest beneficiary-centric program, the Targeted Public Distribution System (TPDS), providing food security to 81.35 crore persons every month. The government is now implementing the Scheme for Modernisation and Reforms through Technology in Public Distribution System (SMART-PDS). This initiative generates vast amounts of data, which can be leveraged to improve the delivery of other central schemes and welfare programs.

    Existing challenges for TPDS

    • Leakage and diversion of food grains: One of the most pressing issues in the TPDS is the leakage and diversion of food grains meant for beneficiaries, leading to corruption and losses in the system. This problem is primarily due to poor monitoring, lack of transparency, and weak enforcement mechanisms.
    • Inaccurate targeting of beneficiaries: The TPDS often suffers from errors in identifying eligible beneficiaries, resulting in the exclusion of deserving households and the inclusion of ineligible ones. This misidentification can be attributed to outdated data, lack of verification mechanisms, and manipulation of records.
    • Inefficient supply chain management: TPDS faces logistical challenges in transporting, storing, and distributing food grains across the vast country. Inadequate storage facilities, poor transportation infrastructure, and delays in procurement and distribution contribute to wastage and inefficiencies in the system.
    • Limited portability of benefits: Until recently, the TPDS lacked portability, which meant that beneficiaries could only access their food grains from designated Fair Price Shops (FPS) in their home states. This restriction made it difficult for migrant workers and their families to access their entitled benefits.
    • Lack of transparency and accountability: Corruption, fraud, and manipulation of records are pervasive issues in the TPDS, partly due to the lack of transparency and accountability in the system. The absence of real-time monitoring and the reliance on manual record-keeping exacerbate these problems.
    • Technological constraints: Many states and union territories in India face technological constraints in implementing IT-based solutions for TPDS operations. Limited access to IT hardware, software, and technical manpower can hinder the adoption of technology-driven reforms, such as electronic Point of Sale (ePoS) devices and biometric authentication systems

    What is SMART-PDS?

    • SMART-PDS (Scheme for Modernisation and Reforms through Technology in Public Distribution System) is an initiative by the Indian government aimed at improving the efficiency, transparency, and accountability of the country’s Targeted Public Distribution System (TPDS).

    The key objectives of the SMART-PDS initiative

    • Preventing leakage of food grains: By leveraging technology, SMART-PDS aims to reduce diversion and pilferage of food grains, ensuring that the intended beneficiaries receive their due share of food subsidies.
    • Enhancing efficiency in the distribution chain: The initiative focuses on streamlining the supply chain from procurement to distribution by incorporating technology-driven solutions, such as electronic Point of Sale (ePoS) devices, real-time monitoring, and tracking systems.
    • Data-driven decision-making: Data Analytics on the TPDS ecosystem generates critical information about beneficiaries, food security needs, and migration patterns, addressing the long-standing challenge of credible and dynamic data for efficient delivery of central welfare schemes to vulnerable sections of society.
    • Convergence and integration with AI: The national leadership’s push for trans-ministerial convergence and AI integration can be a game-changer for both people and governments, bringing accountability across all programs.
    • Technology-led PDS reforms: The Centre plans to use data analytics, BI platforms, and ICT tools to standardize PDS operations through technology integration with FCI, CWC, transport supply chain, Ministry of Education, Women and Child Development, and UIDAI. This is expected to overcome state-level technological limitations in PDS operations and institutionalize an integrated central system for all PDS-related operations across states/UTs.
    • Aadhaar authentication and ePoS devices: With 100% digitization of ration cards and the installation of ePoS devices, nearly 93% of the total monthly allocated foodgrains are distributed through Aadhaar authentication mode.

    Integrated Management of Public Distribution System (IM-PDS)

    • The government has launched the IM-PDS to implement One Nation One Ration Card (ONORC), create a national-level data repository, and integrate data infrastructure/systems across ration card management, foodgrain supply chain, and FPS automation.
    • The ONORC plan has recorded over 100 crore portability transactions since its inception in 2019.

    SMART-PDS benefits beyond ration distribution

    • The data generated by SMART-PDS has become a tool for central ministries and state governments, benefiting initiatives like e-Shram Portal, Ayushman Bharat, and PM-SVANidhi Yojana.
    • The Ministry of Agriculture and Farmers’ Welfare (MoAFW) plans to use ONORC/ration card data to map beneficiaries, and seamless tracking of nutrition from ICDS centers to PM Poshan will become a reality with Aadhaar numbers for the newly born.

    Conclusion

    • The transformative potential of SMART-PDS goes beyond food security, enabling data-driven decision-making, convergence, and integration with AI for improved delivery of central schemes and welfare programs across India.

    Mains Question

    Q. Despite several efforts taken by the government the Targeted Public Distribution System still faces various challenges. In this backdrop discuss the new initiative of SMART-PDS and its key features

  • How to manage India’s Solar PV waste problem?

    solar pv

    Central idea: India is rapidly expanding its solar photovoltaic (PV) sector, but effective waste management strategies for this sector are still lacking. This article explores the challenges and gaps in solar PV waste management in India.

    solar

    Solar PV Waste in India

    • India has the world’s fourth-highest solar PV deployment, and the installed solar capacity was nearly 62 GW in November 2022.
    • A 2016 report by the International Renewable Energy Agency estimates that India could generate 50,000-3,25,000 tonnes of PV waste by 2030 and more than four million tonnes by 2050.
    • India’s solar PV installations are dominated by crystalline silicon (c-Si) technology, which mainly consists of a glass sheet, an aluminium frame, an encapsulant, a backsheet, copper wires, and silicon wafers.
    • A typical PV panel is made of c-Si modules (93%) and cadmium telluride thin-film modules (7%).

    Hazards posed by PV waste

    Some of the hazards of solar PV waste are:

    • Environmental pollution: The accumulation of solar PV waste in landfills can lead to environmental pollution, as the waste contains hazardous materials such as lead, cadmium, and other toxic chemicals. Incinerating the encapsulate also releases sulphur dioxide, hydrogen fluoride, and hydrogen cyanide into the atmosphere.
    • Health hazards: Improper handling and disposal of solar PV waste can lead to health hazards for workers and people living near the waste disposal sites. The toxic chemicals in the waste can cause respiratory problems, skin irritation, and other health issues.

    Economy behind PV waste

    • Financial losses: Improper management of solar PV waste can lead to financial losses for the companies involved in waste collection and treatment. The lack of suitable incentives and schemes in which businesses can invest leads to a small market for repurposing or reusing recycled PV waste in India.
    • Resource depletion: The disposal of solar PV waste leads to the loss of valuable resources such as silicon, silver, and other critical materials, which can lead to resource depletion.

    Recovery and Recycling of PV Waste

    • As PV panels near expiration, some portions of the frame are extracted and sold as scrap; junctions and cables are recycled according to e-waste guidelines; the glass laminate is partly recycled, and the rest is disposed of as general waste.
    • Silicon and silver can be extracted by burning the module in cement furnaces.
    • According to a 2021 report, approximately 50% of the total materials can be recovered.

    Challenges particular to India

    • India faces challenges in the collection, storage, recycling, and repurposing of PV waste.
    • Only about 20% of the waste is recovered in general, and the rest is treated informally, leading to pollution of the surroundings.
    • Gaps in PV Waste Management-
    1. Generalized as e-waste: The clubbing of PV waste with other e-waste could lead to confusion, and there is a need for specific provisions for PV waste treatment within the ambit of e-waste guidelines.
    2. Hazards are ignored: PV waste is classified as hazardous waste in India, and there is a need for pan-India sensitisation drives and awareness programmes on PV waste management.

    Why does India need to act now?

    • Considering the rate at which these panels are being installed around the country, India is expected to generate an enormous amount of waste over the next 20 years.
    • India is expected to become one of the top five leading photovoltaic waste producers worldwide by 2050.
    • Therefore, India needs to install clear policy directives, well-established recycling strategies, and greater collaboration, so that it doesn’t find itself caught unprepared against a new problem in the future.

    Key recommendations

    Policymakers should:

    • Introduce a ban on dumping of waste modules by different entities in the landfills.
    • Formulate a dedicated PV module waste management regulation.
    • Introduce incentives like green certificates to provide a level-playing field and encourage recycling and mineral recovery by the industry.

    Industries should:

    • Improve the PV module design to minimise the waste at the disposal stage. This can include sustainable design with reduced use of toxic minerals or adopting a ‘design to disassemble’ approach.
    • Invest in the second-life use of sub-standard modules to delay waste creation.
    • Collaborate with research institutes to develop recycling techniques and support pilot demonstrations.
    • Conceptualise new business models to manage and finance the waste disposal.

    Way forward

    • India needs to pay more attention to domestic R&D efforts as depending on a single module type will dis-uniformly deplete certain natural resources.
    • It is important to boost capacity for recycling and recover critical materials.
    • This can be achieved by-
    1. Formulating specific provisions for PV waste treatment,
    2. Pan-India sensitisation drives, and awareness programmes,
    3. Promoting domestic R&D efforts, and
    4. Providing appropriate infrastructure facilities and adequate funding.

     

  • Z-Morh tunnel to be ready in April

    tunnel

    The crucial Z-Morh tunnel that connects Gagangir and Sonamarg on the Srinagar-Leh highway will be inaugurated next month in April.

    What is Z-Morh tunnel?

    • Z-Morh tunnel, also known as the Zoji-Morh Tunnel, is an under-construction tunnel located in the Indian state of Jammu and Kashmir.
    • The tunnel is being constructed at an elevation of 11,578 feet and is expected to provide all-weather connectivity to the Kashmir Valley.

    Location

    • The Z-Morh tunnel is located on National Highway 1D, which is the only road that connects the Kashmir Valley to the rest of India.
    • The tunnel is being constructed in the Zoji-Morh region, which is a high-altitude mountain pass located on the Srinagar-Leh Highway.

    It’s Construction

    • The Z-Morh tunnel is being constructed at a length of 6.5 km and is expected to be completed at a cost of around Rs. 2,000 crore.
    • The tunnel will have a two-lane carriageway and will be constructed using the latest tunnelling technology.
    • The project is being executed by the National Highways and Infrastructure Development Corporation Limited (NHIDCL).

    Significance

    • The tunnel is expected to provide all-weather connectivity to the Kashmir Valley, which is currently cut off from the rest of India for several months during the winter season due to heavy snowfall and avalanches.
    • The tunnel will also reduce the travel time between Srinagar and Leh by around four hours, as it will eliminate the need to cross the Zoji-Morh pass.

     

  • Gravity-Operated Electricity Generation from Defunct Mines

    gravity

    Central idea: Green Gravity is an Australian renewable energy company that has developed a unique scheme to generate electricity. The company’s plan involves using defunct mines, such as the Kolar Gold Fields (KGF) in Karnataka, India, to produce reliable and cost-effective renewable energy.

    The breakthrough: Gravity-Operated Weighted Blocks

    • It uses a weighted block of up to 40 tonnes up to the top of a mine shaft using renewable power during the day when it is available.
    • When backup power is required, the heavy block will fall under gravity, powering a generator via a connected shaft or rotor.
    • The depth to which the block falls can be determined via a braking system, giving control over the amount of power produced.

    Comparison to Pumped Hydropower Storage

    • Green Gravity’s approach is similar to the well-established approach of “pumped hydropower” storage.
    • In this approach, water is pumped upstream electrically into a reservoir and released downhill to move a turbine and produce electricity when needed.

    Need for such technology

    • Renewable energy, such as solar and wind power, often faces the challenge of being unreliable during nights or windless days.
    • Charging a battery for backup power is very expensive and inefficient.

    Advantages of Weighted Blocks over Water

    • Using weighted blocks instead of water means that decommissioned mines can be put to use, and the environmental costs and challenges of moving water up can be avoided.
    • This approach can also mean less reliance on coal-produced power and access to reliable power.

    Potential Use in KGF

    • The Kolar Gold Fields in Karnataka, India, is an iconic but defunct gold mine that has the potential to be used for renewable energy production.
    • The weighted block apparatus could produce up to thousands of megawatt-hours of power from the mine’s deep shafts, some of which run nearly 3,000 metres.

     

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  • Prices of Essential Medicines set to hike

    medicine

    Prices of 384 essential drugs and over 1,000 formulations are set to see a hike of over 11%, due to a sharp rise in the Wholesale Price Index (WPI).

    Implications for customers

    • Annual hikes in the prices of drugs listed in the National List of Essential Medicines (NLEM) are based on the WPI.
    • The price surge will mean that consumers have to pay more for routine and essential drugs, including painkillers, anti-infection drugs, cardiac drugs, and antibiotics.

    What are Essential Medicines?

    • As per the World Health Organisation (WHO), Essential Medicines are those that satisfy the priority healthcare needs of the population.
    • Ministry of Health and Family Welfare hence prepared and released the first National List of Essential Medicines (NLEM) of India in 1996 consisting of 279 medicines.
    • The list is made with consideration to disease prevalence, efficacy, safety and comparative cost-effectiveness of the medicines.
    • Such medicines are intended to be available in adequate amounts, in appropriate dosage forms and strengths with assured quality.
    • They should be available in such a way that an individual or community can afford.

    NLEM in India

    • Drugs listed under NLEM — also known as scheduled drugs — will be cheaper because the National Pharmaceutical Pricing Authority (NPPA) caps medicine prices and changes only based on wholesale price index-based inflation.
    • The list includes anti-infectives medicines to treat diabetes such as insulin — HIV, tuberculosis, cancer, contraceptives, hormonal medicines and anaesthetics.
    • They account for 17-18 per cent of the estimated Rs 1.6-trillion domestic pharmaceutical market.
    • Companies selling non-scheduled drugs can hike prices by up to 10 per cent every year.
    • Typically, once NLEM is released, the department of pharmaceuticals under the ministry of chemicals and fertilisers adds them in the Drug Price Control Order, after which NPPA fixes the price.

    Who regulates Drugs prices?

    • The NPPA was set up in 1997 to fix/revise prices of controlled bulk drugs and formulations and to enforce price and availability of the medicines in the country, under the Drugs (Prices Control) Order, 1995-2013.
    • Its mandate is:
    1. To implement and enforce the provisions of the DPCO in accordance with the powers delegated to it
    2. To deal with all legal matters arising out of the decisions of the NPPA
    3. To monitor the availability of drugs, identify shortages and to take remedial steps
    • The NPPA is also mandated to collect/maintain data on production, exports and imports, market share of individual companies, profitability of companies etc., for bulk drugs and formulations and undertake and/ or sponsor relevant studies in respect of pricing of drugs/ pharmaceuticals.

    How does the pricing mechanism work?

    • Prices of Scheduled Drugs are allowed an increase each year by the drug regulator in line with the Wholesale Price Index (WPI) and the annual change is controlled and rarely crosses 5%.
    • But the pharmaceutical players pointed out that over the past few years, input costs have flared up.
    • The hike has been a long-standing demand by the pharma industry lobby.
    • All medicines under the NLEM are under price regulation.

     

    Try this MCQ

    Q. Which of the following is not a mandate of the National Pharmaceutical Pricing Authority (NPPA)?

    A) Fixing and revising prices of controlled bulk drugs and formulations

    B) Enforcing price and availability of medicines in the country

    C) Monitoring the availability of drugs and taking remedial steps

    D) Regulating the import and export of pharmaceutical products

     

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  • What is the Wildlife Protection Act, 1972?

    wild

    A person in UP was booked under the Wildlife Protection Act, 1972, for “illegally” keeping and nursing an injured Sarus crane (Grus Antigone) he found in his village.

    About Sarus

    • The Sarus crane is usually found in wetlands and is the state bird of Uttar Pradesh.
    • Standing at 152-156 centimetres, it is the world’s tallest flying bird.

    What is Wildlife (Protection) Act, of 1972?

    • WPA provides for the protection of the country’s wild animals, birds and plant species, in order to ensure environmental and ecological security.
    • It provides for the protection of a listed species of animals, birds and plants, and also for the establishment of a network of ecologically-important protected areas in the country.
    • It provides for various types of protected areas such as Wildlife Sanctuaries, National Parks etc.

    There are six schedules provided in the WPA for the protection of wildlife species which can be concisely summarized as under:

    Schedule I: These species need rigorous protection and therefore, the harshest penalties for violation of the law are for species under this Schedule.
    Schedule II: Animals under this list are accorded high protection. They cannot be hunted except under threat to human life.
    Schedule III & IV: This list is for species that are not endangered. This includes protected species but the penalty for any violation is less compared to the first two schedules.
    Schedule V: This schedule contains animals which can be hunted.
    Schedule VI: This list contains plants that are forbidden from cultivation.

     

    What is the law on animals and birds under Schedule IV?

    • Species mentioned under Schedules III and IV relate to the prohibition on dealings in trophy and animal articles without a license, purchase of animals by a licensee, and restriction on transportation of wildlife.
    • Section 48 of the Act specifically states that any wild animal or animal article can be transported only after obtaining permission from the Chief Wildlife Warden or any other officer authorised by the state.
    • Section 44 provides for issuing licenses to taxidermists, eating houses (hotels or restaurants), and dealers in animal articles, preserved animal parts or trophies, uncured trophies (whole or any unpreserved part of an animal), captive animals, and snake venom of such species.

     

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  • AFSPA Further Lifted Form Northeast: Positive Development

    Central Idea

    • The Centre’s decision to lift the Armed Forces (Special Powers) Act, 1958 from more police station limits in Assam, Manipur, and Nagaland is a positive development that sends a message of hope to the region. While insurgency has necessitated the imposition of AFSPA in the past, the prevalence of violence in the region has been on the decline, and the government’s peace negotiations with rebel groups have borne fruit.

    What is Armed Forces (Special Powers) Act, (AFSPA )1958?

    • Armed Forces Special Powers Act, to put it simply, gives armed forces the power to maintain public order in disturbed areas.
    • AFSPA gives armed forces the authority use force or even open fire after giving due warning if they feel a person is in contravention of the law.
    • The Act further provides that if reasonable suspicion exists, the armed forces can also arrest a person without a warrant; enter or search premises without a warrant; and ban the possession of firearms.

    What are the Special Powers?

    • Power to use force: including opening fire, even to the extent of causing death if prohibitory orders banning assembly of five or more persons or carrying arms and weapons, etc are in force in the disturbed area;
    • Power to destroy structures: used as hide-outs, training camps, or as a place from which attacks are or likely to be launched, etc;
    • Power to arrest: Without warrant and to use force for the purpose;
    • Power to enter and search premises: without a warrant to make arrest or recovery of hostages, arms and ammunition and stolen property etc.

    Reason for the decision

    • Improved security: The decision was taken due to a significant improvement in the security situation in Northeast India.
    • Decrease in Violence: The prevalence of insurgencies in almost all states in the Northeast may arguably have necessitated the imposition of AFSPA in the past. Statistics suggest that violence in the region has been on the decline. The MHA cited a reduction of 76% in extremist incidents, 90% decrease in deaths of security personnel and a 97% decrease in civilian deaths since 2014.
    • Negotiations with Rebel Groups: The government has negotiated peace with rebel groups in the region, including NSCN-IM, Ulfa, Bodo, and Dimasa groups, with some success.
    • Peace accords: The Mizo rebels, who signed a peace accord in 1986, joined electoral politics and won office. The Tripura government successfully negotiated with the insurgency and got AFSPA removed in 2015. The government must continue to engage with rebel groups to maintain peace in the region.

    Conclusion

    • The Centre’s decision to withdraw AFSPA in an incremental manner is a positive development for the region, and the government must continue to reduce its dependence on AFSPA to impose its writ. The Northeast’s stability is critical, especially with unrest in Myanmar, and the government must make judicious choices to balance regional and ethnic identity assertion with nationalism.
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  • Scrapping Tax Benefit for Debt Mutual Funds: Analysis

    Central Idea

    • The Finance Bill 2023, passed by the Lok Sabha with 64 amendments, includes the controversial decision to remove the tax benefit for debt mutual funds. While the aim is to remove the advantage of debt funds over bank deposits, this decision will have far-reaching consequences that need to be examined.

    Mutual Funds

    • Investment decisions on behalf of the investors: Mutual funds are investment vehicles that pool money from multiple investors to purchase a diversified portfolio of stocks, bonds, or other securities. Mutual funds are managed by professional fund managers who make investment decisions on behalf of the investors in the fund.
    • Diversified portfolio of securities: Investors in a mutual fund own a proportional share of the fund’s underlying assets, and the value of their investment rises or falls in response to changes in the value of the securities held by the fund. Mutual funds can provide investors with access to a diversified portfolio of securities, which can help to mitigate the risk of investing in individual securities.

    Key differences between Mutual funds and debt mutual funds

    • Mutual funds and debt mutual funds are both types of investment funds, but there are some key differences between them
    Comparison Mutual Funds Debt Mutual Funds
    Types of Investments Stocks, bonds, commodities, and other asset classes Fixed-income securities such as bonds, debentures, treasury bills, and commercial papers
    Risk Generally higher risk due to the inclusion of stocks and other volatile assets Generally lower risk due to the focus on fixed-income securities
    Returns Potentially higher returns over the long term, but subject to more volatility Lower returns compared to equity mutual funds, but also come with lower risk
    Investment Objective Can vary widely depending on the type of fund Provide regular income to investors while preserving capital
    Liquidity Can be less liquid than debt mutual funds due to volatility in underlying securities Generally considered more liquid due to less volatility in underlying securities

    The Debate Over Scrapping Tax Benefit for Debt Mutual Funds

    • Removal of the tax benefit for debt mutual funds: The Finance Bill 2023 passed by voice vote in the Lok Sabha last week with 64 amendments, including the removal of the tax benefit for debt mutual funds.
    • What it means: This change means that investors in debt mutual funds cannot avail the benefit of indexation for the calculation of long-term capital gains. From April 1, such investments will now be taxed at income tax rates applicable to an individual’s tax slab.
    • Motive: This move aims to remove the advantage that such debt funds have over bank deposits. However, the consequences of this decision need to be carefully examined.

    The Impact of Removing Tax Benefit

    • Impact on flow of funds: The removal of the tax benefit will lead to investors reassessing their allocations to debt mutual funds, which may impact flows into these funds.
    • Impact on bond market: This, in turn, may impact the growth and development of the bond market in India since debt mutual funds channel funds into the bond market.
    • For instance: According to a report by Crisil, 70% of the investment in debt funds flows from institutional investors, while individual investors, including high net worth individuals, accounted for 27% as of December 2022.
    • Impact on corporate debt: This change in rule may trigger a shift in investments away from debt mutual funds to other instruments, which will possibly affect flows to the corporate bond market, and demand for corporate debt is likely to be impacted.

    The Need for Rationalization

    • There is a need to acknowledge the finer points of differentiation between bank deposits and debt funds since bank deposits are insured up to Rs 5 lakh while debt mutual funds carry risk depending on the risk profile of the bonds they hold.
    • It has been argued that the capital gains architecture in India needs to be reexamined and reconfigured.
    • Not only are there different rates of taxation for different asset classes, but even the holding period for differentiating between short- and long-term capital gains varies across assets. Thus, rationalisation with regard to the tax rate and/or the holding period is desirable.

    Conclusion

    • While the removal of the tax benefit for debt mutual funds may remove the advantage of such funds over bank deposits, its far-reaching consequences need to be carefully examined. There is a need to acknowledge the finer points of differentiation between bank deposits and debt funds, as well as rationalisation of the tax architecture in India. Therefore, there is a need for broader discussions and debates on these issues.
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  • Blue Economy: India’s G20 Presidency Offers An Opportunity

    Blue Economy

    Central Idea

    • The potential of the oceans for the sustainable development of the blue economy is immense and the initiatives taken by the Government of India towards achieving it demonstrate India’s commitment to building a sustainable future for its marine resources and the global community. India’s G20 presidency provides an opportunity to promote collective action for the transition.

    What is Blue Economy?

    • Blue Economy is defined by the World Bank as the Sustainable use of ocean resources for economic growth, improved livelihoods, and jobs while preserving the health of the ecosystem.
    • Gunter Pauli’s book, “The Blue Economy: 10 years, 100 innovations, 100 million jobs” (2010) brought the Blue Economy concept into prominence.
    • The UN first introduced “blue economy” at a conference in 2012 and underlined sustainable management, based on the argument that marine ecosystems are more productive when they are healthy. In fact, the UN notes that the Blue Economy is exactly what is needed to implement SDG 14, Life Below Water.
    • The term ‘blue economy’ includes not only ocean-dependent economic development but also inclusive social development and environmental and ecological security.

    The Potential of the Oceans

    • The oceans offer vast opportunities for the prosperity of our planet, with 45% of the world’s coastlines and over 21% of the exclusive economic zones located in G20 countries.
    • They are reservoirs of global biodiversity, critical regulators of the global weather and climate, and support the economic well-being of billions of people in coastal areas.

    Facts for prelims: Government Initiatives

    • The Government of India has launched several initiatives to promote the development of a blue economy, such as
    Initiative Description
    Sagarmala initiative A program launched in 2015 to promote port-led development and boost the country’s maritime sector. It aims to modernize ports, improve connectivity and logistics, and promote coastal community development.
    Shipbuilding Financial Assistance Policy A policy introduced in 2016 to provide financial assistance to Indian shipyards for the construction of ships. It aims to boost domestic shipbuilding and make Indian shipyards globally competitive.
    Pradhan Mantri Matsya Sampada Yojana A scheme launched in 2020 to boost the fisheries sector in India. It aims to increase fish production, modernize fishing infrastructure, and create employment opportunities in the sector.
    Sagar Manthan dashboard An online dashboard launched in 2018 to track the progress of the Sagarmala initiative. It provides real-time information on project implementation, fund utilization, and other related metrics.
    Deep Ocean Mission A program launched in 2021 to explore the deep sea and harness its resources for national benefit. It aims to explore the deep sea, map its resources, develop technologies for deep-sea mining, and promote ocean conservation.
    Coastal Regulation Zone notification A regulation introduced in 2019 to manage development activities along India’s coastline. It aims to balance the economic development of coastal areas with the conservation of coastal ecosystems and livelihoods of coastal communities.
    • The government has also taken steps to eliminate single-use plastic and combat plastic pollution, including in the marine environment.

    India’s G20 Presidency and the Blue Economy

    • Key priority: India’s G20 presidency has prioritized the blue economy as a key area under the Environment and Climate Sustainability Working Group.
    • Promote sustainable and equitable development: The aim is to promote the adoption of high-level principles for sustainable and equitable economic development through the ocean and its resources while addressing climate change and other environmental challenges.
    • A guide for future G20 presidencies: India’s commitment to prioritizing oceans and the blue economy under its presidency would ensure continued discussions on this crucial subject and pave the way for future G20 presidencies.
    • Communication and collaboration: Effective and efficient ocean and blue economy governance presents a significant challenge, and India’s G20 presidency can build an effective communication with all stakeholders to share best practices, foster collaborations for advancements in science and technology, promote public-private partnerships, and create novel blue finance mechanisms.

    Challenges and Responsibility

    • Ambitious efforts by countries to expand their blue economies are threatened by intensifying extreme weather events, ocean acidification, and sea-level rise.
    • Marine pollution, over-extraction of resources, and unplanned urbanization also pose significant threats to the ocean, coastal and marine ecosystems, and biodiversity.
    • The inherent inter-connectedness of oceans implies that activities occurring in one part of the world could have ripple effects across the globe.
    • Therefore, the responsibility of their protection, conservation, and sustainable utilization lies with all nations.

    Conclusion

    • India’s G20 presidency offers an opportunity to promote individual and collective actions towards a sustainable blue economy. The stewardship of oceans is an investment that will sustain future generations, and the global community must unite for the well-being of our ocean commons.
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  • Mahila Samman Savings Certificate operationalized

    Finance Minister while presenting the Budget 2023 announced a new scheme for women, Mahila Samman Saving Certificate. This scheme has now been operationalized.

    Mahila Samman Saving Certificate

    • It is a one-time new small savings scheme of the government of India announced in the Budget 2023.
    • It will be made available for a two-year period up to March 2025.
    • This will offer deposit facility upto Rs 2 lakh in the name of women or girls for a tenure of 2 years.
    • The deposit facility will offer fixed interest rate of 7.5 per cent with a partial withdrawal option.

    Benefits offered

    • It is a suitable alternative to fixed deposits (FDs) invested in the name of a woman for the short term.
    • The returns are higher than bank FDs and partial withdrawal makes liquidity less of a concern.

    Other details

    • The Scheme will be rolled out through banks and post offices across the country.
    • The taxation structure is yet to be known and the scheme is expected to be available from April 1, 2023.

    How is it different from Sukanya Samriddhi Yojana?

    • SSY is a small deposit scheme of the government of India meant exclusively for a girl child. The scheme is meant to meet the education and marriage expenses of a girl child.
    • The current rate of interest offered by Sukanya Samriddhi Yojana is 7.6%, which is compounded annually.
    • Account can be opened in the name of a girl child till she attains the age of 10 years.
    • The total amount deposited in an account shall not exceed Rs 1,50,000 in a financial year.
    • Sukanya Samriddhi scheme has tax benefits under Section 80C.
    • The account matures after 21 years from the date of opening or on marriage of the girl child under whose name the account is opened, whichever is earlier.