UPSC QUIZ 903.2024

Explanation:

• Home Minister Amit Shah inaugurated the National Urban Cooperative Finance and Development Corporation Limited (NUCFDC) in New Delhi.
• This umbrella organization aims to modernize and strengthen the Urban Cooperative Banking Sector, benefiting banks and customers alike.
• National Urban Cooperative Finance and Development Corporation (NUCFDC) will be an umbrella organization for urban cooperative banks (UCBs) in India. It will act as a self-regulatory organization for the cooperative sector.

National Urban Cooperative Finance and Development Corporation

• The Reserve Bank of India (RBI) had constituted the Vishwanathan Committee on Primary (Urban) Co-operative Banks.
• This committee had recommended the formation of an umbrella organization for urban co-operative banks.
• In 2019, the Reserve Bank of India (RBI) granted regulatory approval to the National Federation of Urban Co-operative Banks and Credit Societies Limited (NAFCUB) to form an umbrella organization for urban co-operative banks.

Explanation:

• World Bank released the ‘Women, Business and Law Report (WBL), 2024’.
• This is the 10th edition of the Women, Business and Law (WBL) Report.
• It is an annual report that analyzes laws and regulations affecting women's economic opportunity in 190 economies.
• According to this report, legal rights for women are extremely low around the world.This report presents an analysis of the challenges hindering women's entry into the global workforce.
• According to this, women face obstacles in their ability to contribute to the prosperity of families and communities.

Explanation:

• Uttar Pradesh Chief Minister Yogi Adityanath launched the ‘Chief Minister Yuva Udyami Vikas Abhiyan (MYUVA).
• The Uttar Pradesh government has allocated Rs 1,000 crore in the budget for financial year 2024-25 for this initiative.
• The scheme aims to provide interest-free loans to one lakh young entrepreneurs every year for projects worth up to Rs 5 lakh.
• The scheme aims to directly benefit one million units (10 lakh units) by funding 1,00,000 units annually over the next 10 years.
• The beneficiaries of this scheme include those getting training in various schemes like Vishwakarma Shram Samman Yojana, One District One Product Training, Toolkit Scheme, Scheduled Caste, Tribe, Other Backward Class Training Scheme and Kaushal Unnayan (Skill Upgradation).
• Apart from this, youth with certificates, diplomas and degrees from educational institutions will also be eligible to get benefits under this scheme.
• It will be implemented by the Micro, Small and Medium Enterprises (MSME) Department of Uttar Pradesh.

Explanation:

• Uttar Pradesh government approved the green hydrogen policy.
• The Uttar Pradesh government approved a green hydrogen policy for setting up two units of 800 MW in Anpara.
• These units will be set up in association with NTPC at Rs 8,624 crore.
• The policy aims to produce 1 million metric tonnes of green hydrogen in the next four years.
• The green hydrogen policy has been created for the next five years. Industries setting up in the next five years will receive subsidies and other incentives.
• These industries will get subsidies of 10 to 30 per cent on capital expenditure. The first five industries will get a discount of up to 40 per cent.
• The green hydrogen policy includes provisions for energy banking, offering a 100 per cent rebate on intrastate electricity charges and billing.
• The initiative aims to support the startup ecosystem in Uttar Pradesh and is projected to generate approximately 1.20 lakh jobs over the next five years.
• The Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) will be the nodal agency for implementing the Green Hydrogen policy.
• To facilitate the establishment of green hydrogen projects, Public sector entities will be granted land at a nominal rate of Rs 1 per acre per annum.
• UPNEDA will integrate the single-window portal with Nivesh Mitra to streamline administrative processes for investors.

Explanation:

• Prime Minister Narendra Modi laid the foundation stone of several development projects worth over Rs 19,600 crore and dedicated to the nation at Chandikhole in Odisha's Jajpur district.
• These projects are spread across various sectors including oil and gas, railways, roads, transport and highways and nuclear energy.
• During the ceremony, Prime Minister Modi highlighted the importance of these mega development projects in promoting industrial activities in the region and creating new employment opportunities.