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PIB News Synopsis 10th February, 2020

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1. Investor Education and Protection Fund (IEPF)

  • To protect the interests of investors in securities and to promote the development of, and to regulate the securities market and for matters connected therewith or incidental thereto, the central government (GOI) has established a fund to be called Investor Education and Protection Fund [IEPF].
  • It is to be inter alia utilised for distribution of disgorged amount among eligible and identifiable applicants who have suffered losses due to wrong actions by any person, in accordance with the orders made by the Court which had ordered disgorgement.
  • It is utilised for settlement of claims filed by Claimants and promotion of investor education, awareness and promotion.

2. Impact of FDI in Defence

  • In May, 2001, the Defence Industry sector, which was hitherto reserved for the public sector, was opened upto 100% for Indian private sector participation, with Foreign Direct Investment (FDI) upto 26% both subject to licensing.
  • Further, Department for Promotion of Industry and Internal Trade, Ministry of Commerce & Industry, in 2016 , has allowed FDI under automatic route upto 49% and above 49% through government route wherever it is likely to result in access to modern technology or for other reasons to be recorded.
  • Further, FDI in defence industry sector is subject to industrial license under Industries (Development & Regulation) Act, 1951 and manufacturing of small arms and ammunition under the Arms Act, 1959.
  • As per the data furnished by 37 companies operating in Defence and Aerospace sector, so far, FDI inflows of over Rs. 1561 Crores have been reported in defence and aerospace sector after 2014 in automatic route.

3. 13th Conference of Parties (COP) of the Convention on the Conservation of Migratory Species of Wild Animals (CMS) in India

  • CMS is an environmental treaty under the aegis of United Nations Environment Programme
  • It is going to be hosted by India during 17th to 22nd February 2020 at Gandhinagar in Gujarat.
  • As the host, India shall be designated the President for the next three years.The Government of India is Signatory to the Convention on Conservation of Migratory wild Animals (CMS) since 1983.
  • Seven species that include Dugong, Whale Shark, Marine Turtle (two species), have been identified for preparation of Conservation and Recovery Action Plan.
  • The theme of CMS COP13 in India is, “Migratory species connect the planet and we welcome them home”.
  • The CMS COP 13 logo is inspired by ‘Kolam’, a traditional artform from southern India. In the logo of CMS COP-13, Kolam art form is used to depict key migratory species in India like Amur falcon, humpback whale and marine turtles.
  • The mascot for CMS COP13, “Gibi – The Great Indian Bustard” is a critically endangered species which has been accorded the highest protection status under the Wildlife Protection Act, 1972.
  • The Indian sub-continent is also part of the major bird flyway network, i.e, the Central Asian Flyway (CAF) that covers areas between the Arctic and Indian Oceans
  • A migratory route will typically have nesting sites, breeding sites, availability of preferred food and requires the availability of suitable habitat before and after each migration.

4. The Ministry of Health & Family Welfare conducts the tenth round of the National Deworming Day (NDD)

  • As part of this campaign, children and adolescents aged 1-19 years are being administered Albendazole (400 mg) across government, government-aided schools, anganwadis, private schools and other educational institutions.
  • The NDD is implemented with an objective to reduce the prevalence of Soil Transmitted Helminths (STH), commonly called the parasitic intestinal worms, among all children and adolescents.
  • Infections with the main STH – roundworm, whipworm and hookworms – contribute to 50.1 lakh disability adjusted life-years (DALYs) worldwide (WHO, 2010). One DALY can be thought of as one lost “healthy” year from a life.
  • Launched in 2015, the NDD is the largest public health program implemented on a single day reaching crores of children and adolescents through two NDD rounds every year.
  • Implemented in collaboration with the Ministry of Women and Child Development and Ministry of Human Resource Development, NDD is a key intervention of Anemia Mukt Bharat.
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