DAILY CURRENT AFFAIRS IAS | UPSC Prelims and Mains Exam – 12th August 2023
Archives (PRELIMS & MAINS Focus) Steel Authority of India (SAIL) Syllabus Prelims –Economy Context: The Steel Authority of India (SAIL) has registered a growth of 8 percent in Crude Steel Production and 23 percent in Sales Volumes over the corresponding last year (2022). Background:- This is its best-ever performance in Crude Steel Production and Sales. It added that its turnover has increased by just one percent due to a decline in price realization, irrespective of the increase in the prices. About the Steel Authority of India (SAIL):- Establishment: Ministry: Ministry of Steel and Mines. HQ: New Delhi. Vision: To be the leader in the Indian steel business in quality, productivity, profitability, and customer satisfaction. Steel Authority of India Limited (SAIL) is one of the largest steel-making companies in India. (PLI Scheme For Specialty Steel) It is one of the Maharatnas of the country’s Central Public Sector Enterprises. Maharatnas : it is a category of Central Public Sector Enterprise (CPSE) that meets certain operational and financial eligibility such as average annual turnover, annual net worth, and net profit after tax. Ownership and Management of SAIL:- The Government of India owns about 65% of SAIL’s equity and retains voting control of the Company. However, SAIL, by virtue of its ‘Maharatna’ status, enjoys significant operational and financial autonomy. Functions of SAIL:- It produces iron and steel at five integrated plants and three special steel plants. It manufactures and sells a broad range of steel products. It handles Strategically Located Integrated Operations with Access to Resource Base Including Large Landbank, Captive Mines. It has an in-house R&D centre, a centre for engineering & technology, and captive engineering shops for Research and Development. Integrated Steel Plants of SAIL:- Bhilai Steel Plant: Chhattisgarh ( Integrated Steel Hub) Durgapur Steel Plant: West Bengal Rourkela Steel Plant: Odisha Bokaro Steel Plant: Jharkhand IISCO Steel Plant: West Bengal MUST READ: Report SOURCE: AIR PREVIOUS YEAR QUESTIONS Q.1) Consider the following minerals: (2020) Bentonite Chromite Kyanite Sillimanite In India, which of the above is/are officially designated as major minerals? 1 and 2 only 4 only 1 and 3 only 2, 3, and 4 only Q.2) Steel slag can be the material for which of the following? (2020) Construction of base road Improvement of agricultural soil Production of cement Select the correct answer using the code given below: 1 and 2 only 2 and 3 only 1 and 3 only 1, 2 and 3 Production Linked Incentive (PLI) scheme Syllabus Prelims –Economy Context: Recently, the government said that it has disbursed 2,900 crore rupees till March 2023, under the Production Linked Incentive (PLI) scheme. About Production Linked Incentive (PLI) scheme:- Launched:2020. To enhance India’s Manufacturing capabilities and Exports, Union Budget 2021-22 announced the Production Linked Incentive (PLI) scheme for 13 key sectors. Objectives of the PLI scheme:- To boost domestic manufacturing and cut down on import bills. Introduce non-tariff measures that make imports more expensive. Promote domestic manufacturing by offering production incentives. Attract core knowledge competency and cutting-edge technologies. Promote job generation and employment. Construct district-level export hubs. Salient Features of the PLI Scheme:- Incentives: incentive of 4% to 6% on incremental sales (over base year) of goods manufactured in India and covered under target segments, to eligible companies. Time Period: incentives will be available for a period of five (5) years. Base year for the calculation of incentives: (FY) 2019-20. The Scheme will be implemented through a Nodal Agency which shall act as a Project Management Agency (PMA). Eligibility:- All manufacturing companies which are either Indian or have a registered unit in India will be eligible to apply for the scheme. These companies can either create a new unit or seek incentives for their existing units from one or more locations in India. Exception: all investments done by companies on land and buildings for the project will not be considered for any incentives or determine eligibility of the scheme. Sectors under PLI Scheme:- Mobile Manufacturing and Specified Electronic Components (Production Linked Incentive Scheme (PLI) For Large Scale Electronics Manufacturing) Critical Key Starting materials/Drug Intermediaries & Active Pharmaceutical Ingredients Manufacturing of Medical Devices Automobiles and Auto Components Pharmaceuticals Drugs Specialty Steel Telecom & Networking Products Electronic/Technology Products ( Production Linked Incentive scheme (PLI) for IT Hardware) White Goods (ACs and LEDs) Food Products Textile Products: MMF segment and technical textiles (Production Linked Incentive (PLI) Scheme for Textiles) High-efficiency solar PV modules Advanced Chemistry Cell (ACC) Battery Drones and Drone Components Benefits of the PLI Scheme:- Boost domestic manufacturing and attract large investments in the electronics value chain. Encourage local companies to set up or expand existing manufacturing units. Inviting foreign companies to set up shops in India. Target labor-intensive sectors in the hope to create new jobs in India. MUST READ: Production Linked Incentives in Key Sectors SOURCE: AIR PREVIOUS YEAR QUESTIONS Q.1) With reference to foreign-owned e-commerce firms operating in India, which of the following statements is/are correct? (2022) They can sell their own goods in addition to offering their platforms as marketplaces. The degree to which they can own big sellers on their platforms is limited. Select the correct answer using the code given below: 1 only 2 only Both 1 and 2 Neither 1 nor 2 Q.2) Which of the following activities constitute a real sector in the economy? (2022) Farmers harvesting their crops Textile mills converting raw cotton into fabrics A commercial bank lending money to a trading company A corporate body issuing Rupee Denominated Bonds overseas Select the correct answer using the code given below: 1 and 2 only 2, 3 and 4 only 1, 3 and 4 only 1, 2, 3 and 4 Increase in the number of Elephants Syllabus Prelims –Environment and Ecology Context: Recent estimates suggest that the number of elephants in Karnataka and Tamil Nadu has increased. Background:- Karnataka’s elephants increased from 6,049 in 2017 to 6,395 in 2023, the reports showed. In Tamil Nadu, there was a rise to 2,961 in 2023 from 2,761 in 2017. Meanwhile, in Kerala, the
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