Union Budget 2024-25: Trade Policies and Apps

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the new time limit for exporting goods imported for repairs?

6 months

3 years

1 year (correct)

5 years

What significant change has been made regarding the re-import of goods for repairs under warranty?

Extended from 5 to 10 years

Extended from 2 to 3 years

Extended from 3 to 5 years (correct)

Extended from 1 to 2 years

What percentage of Foreign Direct Investment has been permitted for aircraft MRO?

25%

50%

75%

100% (correct)

Which app enables investigating officers to record videos and photographs of crime scenes?

e-Sakshya Signup and view all the answers

What does the app 'Nyaya Shruti' facilitate?

Court hearings through electronic medium Signup and view all the answers

What significant feature of the new MRO guidelines promotes transparency?

Abolition of royalties Signup and view all the answers

What is the purpose of the app 'e-Summons'?

To handle electronic compliance of legal orders Signup and view all the answers

Which departments are connected through the app 'Nyay Setu'?

Police, Prosecution, Prisons, Medical, and Forensics Signup and view all the answers

What is the primary purpose of the Bhartiya Bhasha Anubhag?

To establish a framework for translating languages into Hindi Signup and view all the answers

When is National Handloom Day celebrated annually?

August 7 Signup and view all the answers

Which sector employs the most people in India after agriculture?

Handloom Signup and view all the answers

Who is the current Managing Director of the National Handloom Development Corporation Ltd?

Rita Prem Hemrajani Signup and view all the answers

What unique feature will the proceedings of the Lok Sabha have for the first time?

Real-time translation in 10 languages Signup and view all the answers

Which organization is responsible for organizing the VIRAASAT exhibition?

National Handloom Development Corporation Ltd Signup and view all the answers

What was the significance of August 7 in Indian history in addition to being National Handloom Day?

Launching of the Swadeshi Movement Signup and view all the answers

What amount has been allocated in the 2024-25 Union Budget for the Bhartiya Bhasha Anubhag?

Rs 56 crore Signup and view all the answers

How many Ramsar sites does Tamil Nadu currently have?

18 Signup and view all the answers

What is the largest area under the Ramsar Convention's protection?

Bolivia Signup and view all the answers

What is the primary purpose of Kazhuveli Bird Sanctuary?

Aquifer recharge and fish breeding Signup and view all the answers

When did India become a signatory to the Ramsar Convention?

1982 Signup and view all the answers

Which Indian state has the second-highest number of Ramsar sites?

Uttar Pradesh Signup and view all the answers

What are the underwater structures named after in the Indian Ocean?

Indian historical figures Signup and view all the answers

What is the main purpose of the General Bathymetric Chart of Oceans?

To provide ocean data Signup and view all the answers

Which Ramsar site serves as a crucial feeding and nesting ground for migratory birds?

Nanjarayan Bird Sanctuary Signup and view all the answers

What is the primary purpose of the funding raised by EyeROV?

To expand into international markets Signup and view all the answers

Who are the founders of EyeROV?

Johns T Mathai and Kannappa Palaniappan P Signup and view all the answers

Which of the following organizations has EyeROV NOT worked with?

ISRO Signup and view all the answers

What recent initiative has the Ministry of Home Affairs undertaken to protect minority communities in Bangladesh?

Constituted a 5-member committee Signup and view all the answers

Who leads the committee constituted by the Ministry of Home Affairs?

Ravi Gandhi Signup and view all the answers

What significant achievement did Indore in Madhya Pradesh accomplish recently?

Set a Guinness World Record for tree planting Signup and view all the answers

What is one of the findings from the preliminary enquiry by government agencies regarding attacks on minority communities?

No major attacks have been reported near the border Signup and view all the answers

What type of technology does EyeROV specialize in?

Marine robotics and underwater drones Signup and view all the answers

Which underwater structures were discovered along the Southwest Indian Ridge area of the Indian Ocean?

Ashoka Seamount, Chandragupt Ridge, Kalpataru Ridge Signup and view all the answers

In which year was the ‘Chandragupt Ridge’ discovered?

2020 Signup and view all the answers

Which agency is the nodal agency for the Indian Southern Ocean Research Programme?

National Centre for Polar and Ocean Research Signup and view all the answers

What is the primary aim of the Krishi-Decision Support System (Krishi-DSS)?

To provide access to comprehensive all-India data related to agriculture Signup and view all the answers

Which two organizations jointly developed the Krishi-DSS?

Ministry of Agriculture & Farmers' Welfare and Department of Space Signup and view all the answers

What type of data can be accessed through the Krishi-DSS?

Satellite images, weather information, and soil health Signup and view all the answers

What did the Indian government launch to analyze cropping patterns?

Krishi-Decision Support System Signup and view all the answers

What is the significance of the names given to the underwater structures in the Indian Ocean?

They are named after Indian scientists or historical figures Signup and view all the answers

Study Notes

Union Budget 2024-25: Export and Import Provisions

Export of goods imported for repairs: Extended from 6 months to 1 year.
Re-import of goods for repairs under warranty: Extended from 3 to 5 years.
100% Foreign Direct Investment (FDI) permitted via automatic route for aircraft Maintenance, Repair, and Overhaul (MRO).
New MRO guidelines (September 1, 2021): Abolished royalties, increased transparency and certainty in land allotments for MROs in Airports Authority of India (AAI) airports.
GST on MRO reduced from 18% to 5% with full Input Tax Credit (from April 1, 2020).

New National Apps Launched for Criminal Justice System

Four new national apps launched: "e-Sakshya", "Nyaya Setu", "Nyaya Shruti", and "e-Summon".
"e-Sakshya": Allows recording of crime scenes (video and photos), secure data transfer to evidence lockers, and electronic submission to courts.
"Nyaya Shruti": Facilitates electronic court hearings, connecting forensics, police, jails, prosecution, and authorized access points.
"e-Summon": Enables electronic transmission of legal orders (summons and warrants) from courts to police.
"Nyaya Setu": Integrates Police, Prosecution, Prisons, Medical, and Forensics departments on a single dashboard.

VIRAASAT exhibition (celebrating 10th National Handloom Day): Held at Handloom Haat, Janpath (August 3-16, 2024). Organized by National Handloom Development Corporation Ltd (NHDC).
Indian handloom sector: Second largest employer in India (35 lakh people), after agriculture.
First National Handloom Day: August 7, 2015, Chennai. Coincides with the launch of the Swadeshi Movement (August 7, 1905).
NHDC headquarters: Noida, Uttar Pradesh.

Bhartiya Bhasha Anubhag (Indian Languages Department) and Language Initiatives

₹56 crore allocated in Union Budget 2024-25 to establish the "Bhartiya Bhasha Anubhag" for language translation (Hindi and vice-versa).
Lok Sabha proceedings: Available in 10 languages in real time (a first in parliamentary history).
Official Languages Act, 1963: Specifies Hindi and English for inter-ministry and state government communication.

EyeROV Funding and Operations

EyeROV: Raised ₹10 crore in a funding round led by Unicorn India Ventures.
India's first commercial underwater drone technology company.
Founded in 2016 by IIT alumni Johns T Mathai and Kannappa Palaniappan P.
Based in Kochi, Kerala. Works with clients such as Tata Group, Adani Group, BPCL, DRDO, and Indian Coast Guard.
Completed over 100 underwater inspections.

Ministry of Home Affairs Committee on Safety of Indian Nationals in Bangladesh

5-member committee constituted by Ministry of Home Affairs (MHA) to liaise with Bangladesh authorities regarding the safety and security of Indian nationals and minority communities.
Headed by Ravi Gandhi (Additional Director General of Border Security Force, Eastern Command).

Indore's Guinness World Record and Ramsar Sites in India

Indore, Madhya Pradesh: Set a Guinness World Record for planting over 1.1 million saplings in 24 hours.
India's Ramsar Sites: Total of 85 sites.
Tamil Nadu: Highest number of Ramsar sites in India (18). Followed by Uttar Pradesh (10).
Globally: United Kingdom has the most Ramsar sites (175), Bolivia has the largest area under protection (148,000 sq km).
Nanjarayan, Kazhuveli (Tamil Nadu), and Tawa Reservoir (Madhya Pradesh) are newly designated Ramsar sites.
Ramsar Convention: Framed in Ramsar, Iran (1971). India became a signatory on February 1, 1982.

Naming of Underwater Structures in the Indian Ocean

Three underwater structures in the Indian Ocean named: "Ashoka Seamount", "Chandragupt Ridge", and "Kalpataru Ridge".
Names proposed by India, approved by International Hydrographic Organization (IHO) and UNESCO's Intergovernmental Oceanographic Commission (IOC).
Discovered by oceanographers from the National Centre for Polar and Ocean Research (NCPOR), Goa. Located along the Southwest Indian Ridge. This brings the total number of structures named after Indian scientists or proposed by India to seven.

Krishi-Decision Support System (Krishi-DSS)

Digital geospatial platform launched by the Indian government.
Jointly developed by the Ministry of Agriculture & Farmers' Welfare and the Department of Space.
Provides access to all-India data: satellite imagery, weather information, water resources, soil health.

ASEAN-India Fellowship for Higher Education in Agriculture

Inaugurated by Minister of Agriculture and Farmers’ Welfare, Shivraj Singh Chouhan at ICAR, PUSA, New Delhi.

Studying That Suits You

Use AI to generate personalized quizzes and flashcards to suit your learning preferences.

Description

Explore the key provisions of the Union Budget 2024-25 regarding import and export regulations, especially focused on Maintenance, Repair, and Overhaul (MRO) guidelines. Additionally, learn about new national apps launched to enhance the Criminal Justice System, promoting transparency and efficiency in legal proceedings.