Current Affair 1:

Green Credit Programme Implementation Rules, 2023

 

The Union Ministry of Environment, Forests and Climate Change has notified draft rules for ‘Green Credit’, an incentive that individuals, farmer-producer organisations (FPO), industries, rural and urban local bodies, among other stakeholders, will be able to earn for environment positive actions.

The ministry proposed the draft Green Credit Programme Implementation Rules 2023 in a notification issued June 26, 2023 and has invited for objections and suggestions within 60 days.

It was first announced by Union Finance Minister Nirmala Sitharaman in the 2023-24 budget.

Green Credit Programme is proposed to be launched at national level:

1. to leverage a competitive market-based approach for Green Credits thereby incentivising voluntary environmental actions of various stakeholders.
2. Apart from incentivizing individual/community behaviour, the Green Credit Programme will encourage private sector industries and companies as well as other entities to meet their existing obligations.

Current Affair 2:

National Time Release Study

 

The World Trade Organization’s Trade Facilitation Agreement contains provisions to make the movement, release and clearance of goods, including goods in transit faster. It provides for the WTO Members to measure and publish the average release times of goods at the border to provide traders with the time usually taken to release the goods.

In India, the National Time Release Study (NTRS) for 2023 was recently released by the Central Board of Indirect Taxes and Customs (CBIC). The report presents the findings of the annual study of the cargo clearance process through four categories of ports, namely seaports, inland container depots (ICD), air cargo complexes (ACC) and integrated check posts (ICP) on land borders for both import and export cargo. The report for 2023 is the third in the series of NTRS.

Now,

The average time taken for releasing imports has reduced in the last three years for three port categories- Seaports, Inland Container Depots (ICDs), and Air Cargo Complex (ACCs).

The import release time for seaports is 85 hours and 42 minutes, for ICDs is 71 hours and 46 minutes, for ACCs is 44 hours and 16 minutes, and for ICPs is 31 hours and 47 minutes. Compared to 2022, the release time has reduced by 20% for ICDs; 11% for ACCs; and 9% in 2023.

NTRS 2023 presents the current status in respect of the four pillars of “Path to Promptness” for import release time, viz. filing of advance bills of entry, allowing for pre-arrival processing, enhanced levels of facilitation, promotion of Authorised Economic Operator (AEO) scheme and increased utilization of Direct Port Delivery (DPD) scheme.

Current Affair 3:

Concept of “Professor of Practice”: UGC

 

Read introduction first:

Current Affair 4:

Flexible Batteries

 

Flexible batteries, sustainable aviation fuel, wearable sensors for plants, and generative artificial intelligence have been rated among the top 10 emerging technologies for 2023 by a World Economic Forum (WEF) report.

Daily we will cover one.

Watch this small video to understand more about flexible batteries: https://youtu.be/j-Ca-LDbiz0

 

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