News: Union Minister for Agriculture & Farmers Welfare has launched Sahakar Mitra: Scheme on Internship Programme for young professionals.
- Sahakar Mitra Scheme is an initiative of National Cooperative Development Corporation(NCDC).
- Aim: To help cooperative institutions access new and innovative ideas of young professionals while the interns will gain experience of working in the field to be self-reliant.
- Eligibility: Professional graduates in disciplines such as Agriculture and allied areas, IT etc and also who are pursuing or have completed their MBA degrees in Agri-business, Cooperation, Finance, International Trade etc will also be eligible.
- NCDC: It is an apex statutory institution established by an Act of Parliament in 1963 under the Ministry of Agriculture & Farmers Welfare.
- Yuva Sahakar scheme: It is implemented by National Cooperative Development Corporation(NCDC) to encourage young entrepreneurs into start-ups in the cooperative sector by providing them cheaper loans.
News: Union minister for Human Resource and Development(HRD) has released the National Institutional Ranking Framework (NIRF) 2020.
- National Institutional Ranking Framework(NIRF) was started by the Ministry of Human Resource and Development(HRD) in 2015.
- Parameters: a) Teaching b) Learning and Resources c) Research and Professional Practices d) Graduation Outcomes e) Outreach and Inclusivity and f) Perception.
- Top Institutes in overall category: 1) IIT-Madras 2) IISc Bangalore and 3) IIT-Delhi
- Top Universities in India: 1) Indian Institute of Science(IISc) 2) Jawaharlal Nehru University and 3) Banaras Hindu University.
- Top engineering institutes in India: 1) IIT-Madras 2) IIT-Delhi and 3) IIT-Bombay.
- Top College: Miranda House, Delhi.
- Top Dental College: Maulana Azad Institute of Dental Sciences, Delhi. The Dental category was included for the first time in NIRF Rankings.
News: Nature Index 2020 has been released by Nature Research.
- The Nature Index 2020 is based on the institution’s or country’s share of articles published in the 82 prestigious scientific journals selected by an independent panel of experts and tracked by the Nature Index database.
- Top five Positions: United States of America, China, Germany, United Kingdom and Japan.
- India: It has been placed at 12th position in country wise ranking.
- Indian institutions Globally: Council of Scientific and Industrial Research (CSIR) at the 160th position and Indian Institute of Science (IISc) at the 184th position.
News: Department of Science & Technology has constituted a joint Science Communication Forum.
- Purpose: To facilitate interaction, cooperation and coordination amongst various public sector science communication institutions and agencies.
- Members: It will be represented by senior officials from various central ministries including Science & Technology, Agriculture, Health, Culture, Defense, Space, Atomic Energy and Information & Broadcasting.
- Secretariat: It will be based at the National Council for Science & Technology Communication (NCSTC),Department of Science & Technology.
News: Kerala Startup in association with Sree Chitra Tirunal Institute of Medical Sciences and Technology(SCTIMST) has developed BIN-19 and UV SPOT devices to help the Government in combating Covid-19.
- BIN-19: It is an Internet of Things(IoT) based device used for collecting and disinfecting Used Face-Mask.
- IoT Features: Auto Sanitizer Dispenser ( remotely alerts if it’s empty), Mobile Application to navigate/find Bin-19, Web Portal for Status Alerts, Power ON/OFF alerts and Box open alerts.
- UV SPOT: It is a Ultra Violet(UV) light-based device that can disinfect a broad range of microorganisms using its internal reflective surfaces and UVC Lamp.
- It is mainly used for disposing of the contaminated or used face-mask and for reusing the UVC stable metallic products.
News: The Reserve Bank of India(RBI) has issued a discussion paper on ‘Governance in Commercial Banks’.The discussion paper aims to create a clearly definable separation between the board and the management of a bank.
- Guidelines Coverage: The guidelines are applicable to private, foreign and public sector banks.
- It will come into effect within six months after being placed on the RBI’s website or April 1,2021 whichever is later.
Key Guidelines issued:
- Board Members should not be a member of any other bank’s board or the RBI and should not be either a Member of Parliament or State Legislature or Municipality or other local bodies.
- Board of directors of a bank should not be less than six and not more than 15 with a majority being independent directors.The Chairman of the Board should be an independent director.
- Board shall meet at least six times a year and at least once every 60 days.
- Approval of RBI: Appointment, reappointment and termination of whole-time directors (WTDs) and chief executive officers(CEO) should be with the previous approval of RBI.
- Age Limit: The upper age limit for CEO and WTDs of banks is suggested at 70 years which is a norm for private banks at present.
- Reappointment: The person can be re-appointed only after three years, the period in which there should be no association with the bank in any capacity.