Taxing Interest Incomes on EPF

Why in News

The Union Budget 2021-22 proposed to tax the interest income on Provident Fund (PF) contributions by employees exceeding Rs. 2.5 lakh a year.

• The Ministry of Finance expressed concerns over investments as much as Rs. 1 crore each month into PF and suggested it was unfair that they get tax concessions as well as an assured return.
• The Employees’ Provident Fund (EPF) Scheme is managed under the aegis of the Employees’ Provident Fund Organisation (EPFO).
  
  • EPFO is a government organization that manages provident fund and pension accounts for the workforce engaged in the organized sector in India.

Key Points

• About the Employees’ Provident Fund (EPF) Scheme:
  
  • The Employee Provident Fund is open for employees of both the Public and Private Sectors. Additionally, any organisation that employs at least 20 individuals is mandatorily liable to extend benefits of EPF to its employees.
  • Both employer and employee contribute 12% of an employee's monthly salary (basic wages plus dearness allowance) to the Employees’ Provident Fund (EPF) scheme.
    
    • Of the employer's share of 12%, 8.33% is diverted towards the Employees Pension Scheme (EPS).
  • EPF scheme is mandatory for employees who draw a basic wage of Rs. 15,000 per month.
  • The EPF interest rate is declared every year by the EPFO.
    
    • EPFO implements the Employees’ Provident Fund and Miscellaneous Provisions Act, 1952.
    • The EPF Act, 1952 provides for the institution of provident funds for employees in factories and other establishments.
  • This savings scheme offers tax exemption under Section 80C of the Income Tax Act.
• Proposed Tax on Income:
  
  • The annual contribution to EPF and Gratuity - and also voluntary contributions to EPF - will be added. If the aggregate contribution exceeds Rs 2.5 lakh, the interest income on that will be taxed at the marginal tax rate in which the income of the individual falls.
  • Importantly, only the contribution linked to the employees' component will be calculated for taxation purposes. The employer’s contribution towards the EPF will not be considered for the calculation.
  • The interest income on the additional contribution of a year will get taxed every year.
    
    • This means that if an individual’s annual contribution to PF in FY22 is Rs. 10 lakh, the interest income on Rs 7.5 lakh will get taxed not only for FY22 but also for all subsequent years.
  • The average normal EPF contributor would not be affected by this new proposal.
• Reasons for Taxing Interest Income on PF Contributions:
  
  • Preventing Misuse of the Scheme:
    
    • The government has found instances where some employees are contributing huge amounts to these funds and are getting the benefit of tax exemption at all stages - contribution, interest accumulation and withdrawal.
    • Since any tax exemption is provided through taxpayers’ money, it was unfair to allow High Networth Individuals (HNIs) depositing large sums in EPF to earn an assured interest (under EPFO) and tax-free income together.
      
      • HNIs: Those people with investable assets above a certain figure.
    • Earlier, the government had capped the contributions by employers into employee welfare schemes like the EPF or the National Pension Scheme or a superannuation plan, at Rs. 7.5 lakh a year.
      
      • However, government as well as private sector employees are allowed to make voluntary contributions over and above the statutory deductions into the general provident fund (available only for government employees) or EPF (available for government as well as private sector employees).
  • Promoting Equity among PF Contributors:
    
    • Of an estimated 4.5 crore EPF accounts, about 0.27% members had an average corpus of Rs. 5.92 crore and were earning over Rs. 50 lakh a year as “tax-free assured interest”.
      
      • This is a misuse of the welfare scheme aiming to promote savings and provide social security to lower and middle income groups of employees.

Source: TH

Pradhan Mantri Matru Vandana Yojana

Why in News

Recently, the government's maternity benefit scheme, or Pradhan Mantri Matru Vandana Yojana (PMMVY), has crossed 1.75 crore eligible women till the financial year 2020.

• A total sum of Rs. 5,931.95 crore was paid to 1.75 crore eligible beneficiaries between financial year 2018 and 2020.

Key Points

• About:
  
  • PMMVY is a maternity benefit programme being implemented in all districts of the country with effect from 1st January, 2017.
  • It is a centrally sponsored scheme being executed by the Ministry of Women and Child Development.
• Direct Benefit Transfer Scheme:
  
  • Cash benefits are provided to pregnant women in their bank account directly to meet enhanced nutritional needs and partially compensate for wage loss.
• Target Beneficiaries:
  
  • All Pregnant Women and Lactating Mothers (PW&LM), excluding those who are in regular employment with the Central Government or the State Governments or PSUs or those who are in receipt of similar benefits under any law for the time being in force.
  • All eligible Pregnant Women and Lactating Mothers who have their pregnancy on or after 1^st January 2017 for the first child in the family.
• Benefits under the Scheme:
  
  • Beneficiaries receive a cash benefit of Rs. 5,000 in three installments on fulfilling the following conditions:
    
    • Early registration of pregnancy
    • Ante-natal check-up
    • Registration of the birth of the child and completion of first cycle of vaccination for the first living child of the family.
  • The eligible beneficiaries also receive cash incentive under Janani Suraksha Yojana (JSY). Thus, on an average, a woman gets Rs. 6,000.
• Distinctive Feature:
  
  • Implementation of the scheme is closely monitored by the central and state governments through the Pradhan Mantri Matru Vandana Yojana - Common Application Software (PMMVY-CAS).
  • PMMVY-CAS is a web based software application that enables tracking the status of each beneficiary under the scheme, resulting in expedited, accountable and better grievance redressal.

• Other Schemes Focussing on Nutritional and Health Aspects of Women:
  
  • Indira Gandhi Matritva Sahyog Yojna (IGMSY):
    
    • The scheme aims to contribute to a better enabling environment by providing cash incentives for improved health and nutrition to pregnant and lactating mothers.
    • It is being implemented by the Ministry of Women and Child Development.
  • Kudumbashree in Kerala:
    
    • It was launched in Kerala in 1998 to wipe out absolute poverty through community action. It is the largest women empowering project in the country. It has three components i.e., microcredit, entrepreneurship and empowerment.
  • Poshan Abhiyaan:
    
    • Launched in March 2018, the goal of Poshan Abhiyaan is to achieve improvement in the nutritional status of Children (0-6 years) and Pregnant Women and Lactating Mothers in a time-bound manner.
  • Integrated Child Development Services (ICDS) Scheme:
    
    • The scheme provides specific interventions targeted towards the vulnerable groups including children below 6 years and women.
    • It is being implemented by the Ministry of Women and Child Development.

Source: TH

Increased Farm Exports

Why in News

According to the Ministry of Commerce and Industry, farm exports have registered 9.8% growth for the period of April-December 2020.

• Previously, the government of India launched the Remission of Duties or Taxes on Export Product (RoDTEP) scheme replacing Merchandise Exports from India Scheme (MEIS) to further improve exports.

Key Points

• Data for April-December 2020:
  
  • Overall merchandise exports: Registered 15.5% fall.
  • Farm exports: Registered 9.8% growth.
    
    • Overall merchandise exports include all the goods manufactured in India while Farm exports include only the agricultural products.
• Reasons For Growth in Farm Exports:
  
  • Rising International Prices:
    
    • Normalisation of Demands:
      
      • Due to steady normalisation of demand with most countries unlocking their economies after May 2020 and, at the same time, restoration of supply chains post-Covid not keeping pace has made exports of many farm products from India competitive.
      • That includes non-basmati rice, sugar, oilseed meals, cotton and even wheat and other cereals (mainly maize).
      • Earlier, the United Nations (UN) Food and Agricultural Organization (FAO), released its latest Food Price Index (FPI) for January 2021, which showed that the FPI has increased from a 48-month-low to a 78-month-high.
    • Chinese Stockpiling:
      
      • Global prices have also been increased by Chinese stockpiling.
      • It had stepped up imports of everything – from maize, wheat, soyabean and barely to sugar and milk powder – to build strategic food reserves amid geopolitical tensions.
  • Dry Weather of Different Countries:
    
    • The current export revival is equally a result of dry weather conditions in major producing countries such as Argentina, Brazil, Ukraine, Thailand and Vietnam.
    • Russia (world’s largest wheat exporter) and Argentina (No. 1 in soybean meal and No. 3 in maize) have even announced temporary suspension or taxes on grain shipments in response to high domestic food inflation.
  • India’s Surplus Monsoon:
    
    • India, on the other hand, hasn’t faced serious weather issues; both 2019 and 2020 recorded surplus monsoon rainfall along with timely onset of winter.
  • Agriculture Exempted from Lockdown:
    
    • Farmers harvested a bumper rabi crop during April-June, enabled by the government exempting agriculture-related activities from lockdown restrictions.
• Significance of Rising Exports:
  
  • If it sustains, it can help increase crop prices when the next rabi harvest is due from March 2021. This may be politically useful in a context of farm unrest.
  • It will help in achieving the USD 5-trillion economy goal by India.
  • It will help achieve an ambitious target of doubling farmers' income by 2022.

Source: IE

Concerns Over DNA Bill, 2019

Why in News

Recently, the Parliamentary Standing Committee on Science and Technology, Environment, Forests and Climate Change has recommended that the government should address the concerns raised over the DNA Technology (Use and Application) Regulation Bill, 2019, including over creation of a national databank of crime scene DNA profiles and fears of communities being targeted.

• While the Bill speaks of regional databanks apart from a central one, the Parliamentary Standing Committee strongly recommends only one National Data Bank, to minimise chances of misuse of data.

Key Points

• DNA Technology (Use and Application) Regulation Bill, 2019 (Key Provisions):
  
  • The Bill allows the use of the technology to establish the identity of persons in matters of crime, parentage dispute, emigration or immigration and transplantation of human organs.
  • It provides for establishment of national and regional DNA (Deoxyribonucleic Acid) data banks and each databank will maintain crime scene index, suspects’ or undertrials’ index and offenders’ index separately.
  • The Bill talks of a DNA Regulatory Board that would advise the Centre and state governments on issues such as setting up of DNA laboratories and databanks; and laying down of guidelines, standards and procedures for the same.
• Concerns Raised by the Committee:
  
  • Over DNA Databanks: The risk with a national databank of crime scene DNA profiles is that it will likely include virtually everyone since DNA is left at the 'crime scene' before and after the crime by several persons who may have nothing to do with the crime being investigated.
  • Over DNA Profiling: The DNA profiling to be done under this Bill can be misused to target different segments of the society based on factors like religion, caste or political views.
    
    • DNA profiling is the process where a specific DNA pattern, called a profile, is obtained from a person or sample of bodily tissue.
  • Storage of DNA Profiles of Unconvicted Persons:
    
    • The Bill proposes to store DNA profiles of suspects, undertrials, victims and their relatives for future investigations.
    • The Bill also provides that DNA profiles for civil matters will also be stored in the data banks, but without a clear and separate index.
    • The committee has questioned the necessity for storage of such DNA profiles, pointing out that this violates the fundamental right to privacy and does not serve any public purpose.
  • Perfunctory Consent:
    
    • The Bill refers to consent in several provisions, but in each of those, a magistrate can easily override consent, thereby in effect, making consent perfunctory.
    • There is also no guidance in the Bill on the grounds and reasons of when the magistrate can override consent.
  • Absence of Robust Data Protections:
    
    • It has questioned the security of a huge number of DNA profiles that will be placed with the National DNA Data bank.
• Need of the Bill:
  
  • Greater Demand for Testing:
    
    • DNA testing is currently being done on an extremely limited scale in India, with approximately 30-40 DNA experts in 15-18 laboratories undertaking less than 3,000 cases per year, which represent 2-3% of the total need.
    • The standards of the DNA testing laboratories are not monitored or regulated, in absence of any proper regulation.
  • Enables Identification of Missing Persons:
    
    • As per the National Crime Records Bureau, annually 1,00,000 children go missing.
    • The Bill will also help in identifying unidentified deceased, including disaster victims and apprehend repeat offenders for heinous crimes such as rape and murder.
• Global Scenario Regarding DNA Profiling:
  
  • According to the USA Interpol’s Global DNA Profiling Survey Results 2016, as many as 69 countries have a national DNA database, including the USA, Canada and China.
    
    • The countries hold genetic information of at least 35,413,155 individuals.
    • Different countries have different regulations for collection, removal and retention of DNA samples.
  • Declaration on Human Genetic Data, which was adopted unanimously at UNESCO's 32^nd General Conference in 2003, aims to ensure the respect of human dignity and protection of human rights and fundamental freedom in collection, processing, use and storage of human genetic data and biological samples.
• DNA Profiling and Genome India Project (GIP):
  
  • Recently, the Ministry of Science and Technology also approved an ambitious gene-mapping project called the Genome India Project (GIP) which aims to sample and sequence 10,000 genomes in the first phase from across India, to arrive at a representative Indian genome.
  • Gene Mapping is different from DNA profiling as DNA profiling uses small stretches of DNA to identify an individual while gene mapping involves sequencing the whole genome.
  • Gene Mapping is done for scientific and medical uses while DNA profiling is done primarily for forensic and criminal investigation.

Way Forward

• The Committee recommends an enabling ecosystem must be created soon to ensure that DNA profiling is done in a manner that is fully consistent with the letter and spirit of various Supreme Court judgments and with the Constitution.
• Prior adoption of a privacy or data protection bill would allow individuals some recourse if their rights were not protected.This is particularly important, especially following the Supreme Court’s Right to Privacy judgment.

Source: IE

Centenary of the Chauri Chaura Incident

Why in News

On the occasion of the centenary of the Chauri Chaura incident, a postage stamp was released by the Prime Minister.

• Chauri Chaura is a town in Gorakhpur district of Uttar Pradesh.
• On 4^th February, 1922, this town witnessed a violent incident - a large crowd of peasants set on fire a police station that killed 22 policemen. Due to this incident Mahatma Gandhi called off the Non-Cooperation Movement (1920-22).

Key Points

• Background (Launch of the Non-Cooperation Movement):
  
  • On 1^st August, 1920, Gandhi had launched the Non-Cooperation Movement against the government.
    
    • It involved using swadeshi and boycott of foreign goods, especially machine made cloth, and legal, educational and administrative institutions, "refusing to assist a ruler who misrules".
  • In the winter of 1921-22, volunteers of the Congress and the Khilafat Movement were organised into a national volunteer corps.
    
    • Khilafat Movement was a pan-Islamic force in India that arose in 1919 in an effort to salvage the Ottoman caliph as a symbol of unity among the Muslim community in India during the British raj.
    • The Congress supported the movement and Mahatma Gandhi sought to conjoin it to the Non-Cooperation Movement.
• Details of the Chauri Chaura Incident:
  
  • On 4^th February, volunteers congregated in the town, and after the meeting, proceeded in a procession to the local police station, and to picket the nearby Mundera bazaar.
    
    • The police fired into the crowd killing some people and injuring many volunteers.
    • In retaliation, the crowd proceeded to set the police station on fire.
    • Some of the policemen who tried to escape were caught and battered to death. A lot of police property, including weapons, was destroyed.
• Reaction of the British:
  
  • The British Raj prosecuted the accused aggressively. A sessions court quickly sentenced 172 of the 225 accused to death. However, ultimately, only 19 of those convicted were hanged.
• Reaction of Mahatma Gandhi:
  
  • He condemned the crime of the policemen's killing. The volunteer groups in nearby villages were disbanded, and a Chauri Chaura Support Fund was set up to demonstrate "genuine sympathy" and seek atonement.
  • Gandhi decided to stop the Non-Cooperation Movement, which he saw as having been tainted by unforgivable violence. He bent the Congress Working Committee to his will, and on 12^th February, 1922, the satyagraha (movement) was formally suspended.
• Reaction of Other National Leaders:
  
  • Jawaharlal Nehru and other leaders leading the Non-Cooperation movement were shocked that Gandhiji had stopped the struggle when the civil resistance had consolidated their position in the freedom movement.
  • Other leaders like Motilal Nehru and CR Das recorded their dismay at Gandhi's decision and decided to establish the Swaraj Party.
• Justification for the Suspension of the Movement:
  
  • Gandhi on his part, justified himself on grounds of his unshakeable faith in non-violence.
  • Historians such as Bipan Chandra have argued that Gandhian strategy of non-violence was based on the premise that the use of repressive force against non-violent protesters would expose the real character of the colonial state and ultimately put moral pressure on them, but incidents such as Chauri Chaura defeated that strategy.
  • Besides, Bipin chandra opines that withdrawal or shift to a phase of non-confrontation is an inherent part of a strategy of political action that is based on the masses.
• Immediate Result:
  
  • The disillusionment resulting from the suspension of the Non-Cooperation Movement nudged many of the younger Indian nationalists towards the conclusion that India would not be able to throw off colonial rule through non-violence.
  • It was from the ranks of these impatient patriots that some of India's most of the revolutionaries came into picture like Jogesh Chatterjee, Ramprasad Bismil, Sachin Sanyal, Ashfaqulla Khan, Jatin Das, Bhagat Singh, Bhagwati Charan Vohra, Masterda Surya Sen, and many others.
  • Besides, sudden termination of the Non-Cooperation Movement disillusioned the Khilafat movement leaders that created a rift between Congress and the muslim leaders.

Source: IE

Pandit Bhimsen Joshi Jayanti

Recently, the Prime Minister paid homage to Pandit Bhimsen Joshi, the classical music vocalist, on his centenary birth anniversary.

Key Points

• About:
  
  • Pandit Bhimsen Joshi was born on February 4, 1922.
  • Important Recognition: He received the Bharat Ratna in 2008.
  • Work: He is remembered for his famous ragas including Shuddha Kalyan, Miyan Ki Todi, Puriya Dhanashri and Multani etc.
    
    • He belonged to the Kirana Gharana.
    • Kirana Gharana got its name from a small town called Kerana in Uttar Pradesh. It was founded by Ustad Abdul Karim Khan. Famous artists such as Abdul Wahid Khan, Suresh Babu Mane, Hira Bai Badodekar and Roshanara Begum belong to this Gharana.
    • He belonged to the school of Hindustani classical music.
• Hindustani Music:
  
  • Origin:
    
    • Hindustani Music is one of the two distinct schools of Indian Classical Music practiced mainly in North India. The other school of Indian Classical Music is Carnatic music which is practiced mainly in Southern India.
    • The historical roots of both the music types belong to the Bharata’s Natyasastra.
    • Hindustani Music is vocal-centric. The major vocal forms associated with Hindustani classical music are the khayal, Ghazal, dhrupad, dhammar, Tarana and thumri.
      
      • Most of the Hindustani musicians trace their descent to Tansen.
• Gharanas:
  
  • A Gharana is a system of social organisation linking musicians or dancers by lineage or apprenticeship, and by adherence to a particular musical style.
  • Function in guru-shishya parampara, i.e. disciples learning under a particular guru, transmitting his musical knowledge and style.

Gharana	Place	Founder
Gwalior	Gwalior	Nanthan Khan
Agra	Agra	Hajisujan Khan
Rangeela	Agra	Faiyyaz Khan
Jaipur Atrauli	Jaipur	Alladiya Khan
Kirana	Awadh	Abdul Wahid Khan
Banaras	Varanasi	Ram Sahai

Source: PIB

Smart Walls For Borders

Why in News

Recently, an alternative Smart Wall has been proposed to replace the physical and armed patrolling with advanced surveillance technology at the USA-Mexico border.

• Earlier in 2019, the USA declared a national emergency to fund construction of a border wall along the USA-Mexico Border citing "invasion" of drugs and criminals from Mexico.

Key Points

• About Smart Wall:
  
  • There is no one single definition for this recently-conceived solution, however It is a collection of discrete technologies that work together to prevent illegal entry, smuggling, and all the various threats posed by a porous border.
  • It uses drones, scanners, and sensors to create a technological barrier too high to climb over, too wide to go around, and too deep to burrow under.
    
    • Using Internet-of-Things (IoT) technologies like in-ground sensors, security cameras and software solutions, a smart wall could empower border officials with enhanced situational awareness to prevent illicit activity.
• Benefits of Smart Wall:
  
  • Reduces Cost:
    
    • A smart wall can accomplish the same goals as a physical wall with a much smaller price.
  • Decreases Deployment Time:
    
    • Physical boundaries take years to build but smart border technology is ready to go.
  • Low Maintenance Costs:
    
    • Unlike a physical barrier, a smart wall would allow border security officials to continuously adjust tactics to changing conditions.
    • Ground sensors and IoT devices are quick and easy to deploy and inexpensive to move and update.
    • They require only a fraction of the costs to maintain, and can be implemented gradually and as needed.
  • Decreases Environmental Concerns:
    
    • A smart wall raises minimal environmental concerns, allowing wildlife and rainwater to pass freely through the area.
    • Most smart devices can tell the difference between people and animals, alerting officers when a human attempts to cross the border illegally while leaving wildlife alone.
  • Overcomes the Limitations of Terrain:
    
    • Rough terrain is difficult to patrol, which could leave portions of the wall vulnerable to breaches.
    • Digital technology, however, allows for enhanced surveillance across vast terrain.
      
      • Devices like cameras and in-ground sensors allow patrolmen to survey hundreds of miles at once, and take informed action should the need arise.
      • Real-time alerts make it easy to respond to activity from immigrants approaching the border or to a lost hiker looking for supplies.
  • Reduces Land Requirement:
    
    • To construct a border wall, the government would need to seize property from local landowners.
    • However, Small and relatively non-invasive, smart wall technologies would require far fewer land seizures.

• Need of Smart Wall in India:
  
  • A critical factor that must be considered to enable the usage of such a system along Indian borders is that the terrain in the region is rugged, and, furthermore, not even clearly defined.
  • Such a system, even if not feasible for India’s long boundaries, may still be deployed to enhance critical security establishments of the country and complement the already existing physical fencing and walls.
  • It is imperative for Indian armed forces to be well equipped and simultaneously have the latest technological advantage over its enemies.
  • Experts should explore this idea to effectively counter the problem of border infiltration.
• Smart Fencing in India:
  
  • Two pilot projects covering about 71 Kms on Indo-Pakistan Border (10 Kms) and Indo-Bangladesh Border (61 Kms) of Comprehensive Integrated Border Management System (CIBMS) have been completed.
    
    • CIBMS involves deployment of a range of state-of-the-art surveillance technologies — thermal imagers, infra-red and laser-based intruder alarms, aerostats for aerial surveillance, unattended ground sensors that can help detect intrusion bids, radars, sonar systems to secure riverine borders, fibre-optic sensors and a command and control system that shall receive data from all surveillance devices in real time.
    • BOLD-QIT (Border Electronically Dominated QRT Interception Technique) under CIBMS on Indo- Bangladesh border in Dhubri district of Assam is also being used.

Source: TH

CCTNS Hackathon & Cyber Challenge

Why in News

Recently, the inaugural function of the 2^nd CCTNS Hackathon and Cyber Challenge 2020-21 of the National Crime Records Bureau (NCRB) was held in New Delhi.

Key Points

• Background:
  
  • This hackathon is in continuation to the Hackathon & Cyber Challenge which concluded in March 2020.
  • It aimed to deepen understanding and enhance skills of the law enforcement personnel across all ranks and file, empowering them to adopt smart strategies for effectively addressing the evolving threats.
• About the 2^nd CCTNS Hackathon and Cyber Challenge:
  
  • Police officials especially those from the cutting edge level, academia, industry, students and others are being invited to help improve existing IT applications as well as help identify new IT applications to improve the CCTNS ecosystem.
  • The Mobile App: “Locate Nearest Police Station” was also launched at the function.
    
    • This App will help various users including women commuters, interstate travelers, domestic and foreign tourists etc. especially during any emergency and has the facility to dial 112. This is another step towards improving accessibility of the police to the citizens.
    • This will add to other Central Citizen Services being provided by the NCRB such as “Missing Person Search”, “Generate Vehicle NOC”, “Proclaimed Offenders Information” and various other services being provided by the State Citizen Police Portals.

Crime and Criminal Tracking Network & Systems

• Background:
  
  • Crime and Criminal Tracking Network & Systems (CCTNS) is a plan scheme conceived in the light of experience of a non-plan scheme namely - Common Integrated Police Application (CIPA).
• Launch:
  
  • CCTNS is a Mission Mode Project under the National e-Governance Plan (NeGP) of the Ministry of Home Affairs.
  • Approx. 14,000 Police Stations throughout the country have been proposed to be automated besides 6000 higher offices in the police hierarchy.
  • It was approved in 2009.
• Objectives:
  
  • Make the Police functioning citizen friendly and more transparent by automating the functioning of Police Stations.
  • Improve delivery of citizen-centric services through effective usage of ICT.
  • Provide the Investigating Officers of the Civil Police with tools, technology and information to facilitate investigation of crime and detection of criminals.
• Recent Initiatives:
  
  • A Memorandum of Understanding (MoU) was signed between National Intelligence Grid (NATGRID) and National Crime Records Bureau (NCRB) for the access of the CCTNS database.

Source: PIB

Aero India 2021

Why in News

Recently, the 13^th edition of the Aero India show began at Bengaluru’s Yelahanka Air Force Station (Karnataka).

Key Points

• About Aero India:
  
  • Aero India is a biennial international military and civil airshow.
  • It is a premier event that draws international and Indian military and civil aircraft makers, their support industries, military brass and government dignitaries, and business visitors.
  • Bengaluru based Yelahanka air base, about 30 km from the city centre, has been hosting the air show in February since it was started in Bengaluru in 1996.
• Aero India 2021:
  
  • This is the first-of-its-kind ‘hybrid’ air show, which means people can also attend it digitally.
  • The focus region for Aero India 2021 is the Indian Ocean Region (IOR).
  • It has been organised by the Defence Research and Development Organisation (DRDO).
  • Aero India 2021 has seen the participation of top aviation firms, while India is showcasing its indigenous defence capability.
    
    • Apart from global aviation giants such as Boeing (USA), Lockheed Martin (USA), Dassault (France) and Airbus (Europe), the show will also see the participation of top defence firms involved in the aviation sector including Thales (France), BAE Systems (UK) and missile manufacturer MBDA (Europe).
    • India has been purchasing products from these major giants such as Boeing P8-I, Rafale jets from Dassault, other aircraft, etc.
  • During the Aero show, the government has also formally sealed the Rs. 48,000 crore deal to procure 83 Tejas light combat aircraft from state-run aerospace company Hindustan Aeronautics Ltd. (HAL).
    
    • Tejas, manufactured by the HAL, is a single engine and highly agile multi-role supersonic fighter aircraft capable of operating in high-threat air environments.
• Importance:
  
  • India offers a unique opportunity in defence and aerospace manufacturing.
    
    • Under the Atmanirbhar Bharat Abhiyan, domestic manufacturing of bigger and complex defence platforms has become the focus of the country’s defence policy.
  • Aero India 2021 will boost investment, expand manufacturing ecosystem, support enterprises, appreciate and enhance the technology levels and propel the economic growth for the country.

Source: IE

Consumer Welfare Fund

Why in News

During the ongoing session the Union Minister of State for Consumer Affairs, Food and Public Distribution has informed the parliament about Consumer Welfare Fund (CWF).

Key Points

• About:
  
  • It was set up under the Central Goods and Services Tax (CGST) Act, 2017. The consumer welfare fund rules of 1992 have been subsumed under the CGST rules, 2017.
  • The Fund has been set up by the Department of Revenue (Ministry of Finance) and is being operated by the Department of Consumer Affairs (Ministry of Consumer Affairs, Food & Public Distribution).
• Objective: To promote and protect the welfare of the consumers. Few Examples:
  
  • Creation of Consumer Law Chairs/ Centres of Excellence in Institutions/Universities of repute to foster research and training on consumer related issues.
  • Projects for spreading consumer literacy and awareness.
• Other Related Inititatives:
  
  • A pan-India consumer awareness campaign ‘JagoGrahakJago’ through print, electronic, outdoor and social media platforms.
  • Celebration of World Consumer Rights Day/National Consumer Day.
  • The Consumer Protection Act, 2019 has been implemented.
    
    • The new Act covers e-commerce transactions, it allows electronic filing of complaints, hearing and/or examining parties through video-conferencing for procedural ease and reduces inconvenience.
  • Government has set up a National Consumer Helpline (NCH) to handle the consumer grievances.
  • Consumer awareness programmes are being organized through the network of Bureau of Indian Standards (BIS) across the country for promoting the concept of standardization, certification and quality consciousness among consumers as well as manufactures.

Source: PIB